15 Jul 2019
Markets for You
Global Indices
Global Indices 12-Jul Prev_Day Abs. Change
% Change
#
Russell 3000 1,321 1,315 6 0.48
Nasdaq 8,244 8,196 48 0.59
FTSE 7,506 7,510 -4 -0.05
Nikkei 21,686 21,644 42 0.20
Hang Seng 28,472 28,432 40 0.14
Indian Indices 12-Jul Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,736 38,823 -87 -0.22
Nifty 50 11,553 11,583 -30 -0.26
Nifty 100 11,655 11,679 -24 -0.20
Nifty 500 9,458 9,466 -9 -0.09
Nifty Bank 30,601 30,717 -115 -0.37
S&P BSE Power 2,020 2,027 -7 -0.35
S&P BSE Small Cap 13,777 13,755 22 0.16
S&P BSE HC 12,923 12,859 64 0.50
Date P/E Div. Yield P/E Div. Yield
12-Jul 27.85 1.21 28.33 1.29
Month Ago 28.39 1.20 29.45 1.22
Year Ago 23.36 1.20 27.39 1.18
Nifty 50 Top 3 Gainers
Company 12-Jul Prev_Day
% Change
#
Hero Moto 2570 2508 2.47
Vedanta Limited 168 164 2.44
Sun Pharma 408 398 2.40
Nifty 50 Top 3 Losers Domestic News
Company 12-Jul Prev_Day
% Change
#
Wipro 259 268 -3.29
ONGC 150 153 -2.22
Bajaj Finance 3378 3451 -2.13
Advance Decline Ratio
BSE NSE
Advances 1146 898
Declines 1299 895
Unchanged 149 108
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 73693
MF Flows** 9546
*12
th
Jul 2019; **11
th
Jul 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
3.18%
(Jun-19)
4.92%
(Jun-18)
IIP
3.10%
(May-19)
3.80%
(May-18)
GDP
5.80%
(Mar-19)
8.10%
(Mar-18)
15 July 2019
Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI
from 2010 to 2012
Indian Equity Market
Indices Performance
P/E Dividend Yield
Sensex
Nifty
0.20%
(Feb-19)
6.60%
(Dec-18)
Quarter Ago
Inflow/Outflow
581
-177
2.86%
(Mar-19)
• India’s Index of Industrial Production (IIP) growth came in at 3.1% YoY in
May 2019 compared with the upwardly revised growth of 4.3% (rise of
3.4% originally reported) in Apr 2019 and increase of 3.8% in May 2018.
The mining, manufacturing and electricity sector rose 3.2%, 2.5% and
7.4% in May 2019 compared with a rise of 5.8%, 3.6% and 4.2% a year
ago, respectively.
• India’s consumer inflation accelerated to 3.18% YoY in Jun 2019 from
3.05% in May 2019 but slowed compared with 4.92% in May 2018. Food
inflation grew 2.17% in Jun 2019 compared with a growth of 1.83% in
May 2019 and a growth of 2.91% in the same month of the previous year.
Pulses and products inflation rose to 5.68% YoY in Jun against a rise of
2.13% in May. Meat and fish inflation rose to 9.01% YoY in Jun against a
rise of 8.12% in May.
• In the Apr-Jun 2019-20 quarter, auto sales across categories have fallen
the sharpest (-12% YoY) since 2008-09, as per Society of Indian
Automobile Manufacturers (SIAM) data, media reports stated. Companies
have resorted to production cuts and shutdown of plants to manage
inventory, which is higher than normal due to poor demand. In fact for
the first time in many years, all the 17 carmakers reported negative sales
in Q1FY20. SIAM president said this protracted decline in domestic sales
may make automakers cut jobs and curtail future investments.
• The power minister informed the Parliament that the renewable energy
sector received $1.5 billion of foreign direct investment (FDI) in FY19. This
was 20.1% higher than the previous fiscal, media reports showed. In the
five-year period since FY15, FDI in the sector has been $4.8 billion. The
government had allowed 100% FDI in the sector through the automatic
route. India ranks fourth among 40 countries in a Renewable Energy
Country Attractiveness Index report of 2019.
Markets for You
• Indian equity markets lost as investors turned cautious ahead of the
release of key economic data and earnings of a major information
technology company, scheduled later in the day. Also, U.S. and Indian
officials were slated to meet to discuss trade issues during the day.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.22% and
0.26%, respectively, to close at 38,736.23 and 11,552.50, respectively.
S&P BSE Mid-Cap and S&P BSE Small Cap gained 0.41% and 0.16%,
respectively.
• The overall market breadth on BSE was weak with 1146 scrips
advancing and 1299 scrips declining. A total of 149 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Metal was the major gainer, up
0.91%, followed by S&P BSE Basic Materials, up 0.60%, and S&P BSE
Realty, up 0.55%. S&P BSE Healthcare and S&P BSE Information
Technology gained 0.50% and 0.33%, respectively. S&P BSE Capital Goods
was the major loser, down 1.22%, followed by S&P BSE Telecom and S&P
BSE Oil & Gas, down 0.97% and 0.77%, respectively.
• Asian equity markets were broadly higher, beating the cautious
sentiment emanating ahead of Chinese data and U.S.-China trade
tensions. The U.S. President blamed China of backsliding on its promises
to increase purchases of American farm products. Today (as of Jul 15),
Asian markets opened lower as investors await the release of Chinese
gross domestic product (GDP) data for the second quarter. While Nikkei
was closed for a public holiday, Hang Seng was trading down 1.12% (as at
8.a.m. IST).
• As per the last close, European markets closed mostly lower as
investors were cautious amid lingering concerns about U.S.-China trade
dispute. However, optimism about a rate cut by the U.S. Federal Reserve
later this month restricted the losses.
• As per the last close, U.S markets closed higher amid optimism that the
U.S. Federal Reserve will lower interest rates in its upcoming meeting this
month.
FII Derivative Trade Statistics 12-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 3206.51 2634.43 19953.88
Index Options 247594.69 245730.17 41027.11
Stock Futures 10146.12 9276.25 86101.93
Stock Options 5015.56 4949.33 3854.25
Total 265962.88 262590.18 150937.17
12-Jul Prev_Day
Change
Put Call Ratio (OI) 1.15 1.03 0.12
Indian Debt Market
Put Call Ratio(Vol) 0.87 0.97 -0.10
12-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 5.63% 5.56% 5.69% 6.14%
T-Repo 5.56% 5.58% 5.60% NA
Repo 5.75% 5.75% 5.75% 6.25%
Reverse Repo 5.50% 5.50% 5.50% 6.00%
91 Day T-Bill 5.75% 5.85% 5.92% 6.53%
364 Day T-Bill 6.02% 6.05% 6.12% 7.19%
10 Year Gilt 6.49% 6.69% 7.01% 7.78%
G-Sec Vol. (Rs.Cr) 92831 126281 48770 34222
Currency Market Update
FBIL MIBOR 5.85% 5.90% 5.80% 6.30%
3 Month CP Rate 6.80% 6.90% 6.65% 7.55%
5 Year Corp Bond 7.80% 7.89% 8.04% 8.74%
1 Month CD Rate 5.93% 5.90% 6.06% 6.46%
3 Month CD Rate 6.08% 6.28% 6.44% 6.98%
1 Year CD Rate 6.85% 7.42% 7.32% 7.99%
Commodity Market Update
Currency 12-Jul Prev_Day
Change
USD/INR 68.59 68.37 0.22
GBP/INR 86.01 85.65 0.36
EURO/INR 77.29 77.04 0.25
International News
JPY/INR 0.63 0.63 0.00
Commodity 12-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 59.96 57.03 51.08 70.23
Brent Crude($/bl) 67.14 64.82 63.10 71.80
Gold( $/oz) 1415 1400 1333 1247
Gold(Rs./10 gm) 34407 34655 32590 30147
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
15 July 2019
The information herein is meant only for general reading purposes and contains all factual and statistical information pertaining to Industry and markets which have been obtained from independent
third party sources and which are deemed to be reliable. The information provided cannot be considered as guidelines, recommendations or as a professional guide for the readers. It may be noted
that since Reliance Nippon Life Asset Management Company Limited (RNLAM) (formerly Reliance Capital Asset Management Limited) has not independently verified the accuracy or authenticity of
such information or data, or for that matter the reasonableness of the assumptions upon which such data and information has been processed or arrive data; RNLAM does not in any manner assures
the accuracy or authenticity of such data and information. Some of the statements & assertions contained in these materials may reflect RNLAM’s views or opinions, which in turn may have been
formed on the basis of such data or information. The Sponsor(s), the Investment Manager, the Trustee or any of their respective directors, employees, affiliates or representatives do not assume any
responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such data or information. Whilst no action has been solicited based upon the information provided herein, due
care has been taken to ensure that the facts are accurate and opinions given are fair and reasonable, to the extent possible. This information is not intended to be an offer or solicitation for the
purchase or sale of any financial product or instrument. Recipients of this information should rely on information/data arising out of their own investigations. Before making any investments, the
readers are advised to seek independent professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor(s), the Investment Manager, the Trustee,
their respective directors, employees, affiliates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on
account of lost profits arising from the information contained in this material.
Readers are requested to click here for ICRON disclaimer - http://www.icraonline.com/legal/standard-disclaimer.html
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Bond yield remained unchanged ahead of the release of the country’s
retail inflation data for Jun 2019. The overall market sentiment is bullish
after the government revealed its plans for overseas borrowings to curb
fiscal deficit.
• Yield on the 10-year benchmark paper (7.26% GS 2029) remained
unchanged at 6.49% compared with the previous close after trading in a
range of 6.45% to 6.54%.
• Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,632 crore (gross) on Jul 12, 2019, same as on
Jul 10, 2019. Sale of securities under Reserve Bank of India’s (RBI)
reverse repo window stood at Rs. 17,501 crore on Jul 11, 2019.
• Banks borrowed Rs. 1,100 crore under the central bank’s Marginal
Standing Facility on Jul 11, 2019 compared with borrowings of Rs. 50
crore on Jul 10, 2019.
• A Labor Department report showed first-time claims for U.S.
unemployment benefits unexpectedly fell in the week ended Jul 6, 2019.
The report said initial jobless claims dropped to 209,000, a decrease of
13,000 from the previous week's revised level of 222,000.
• Eurostat figures showed eurozone industrial production rebounded at
a faster than expected pace in May 2019 largely driven by consumer
goods output. Industrial output grew 0.9% MoM in May after declining
0.4% in Apr 2019. This was the first increase in four months.
Markets for You
• Nifty Jul 2019 Futures stood at 11,544.35, a discount of 8.15 points,
below the spot closing of 11,552.50. The turnover on NSE’s Futures and
Options segment declined to Rs. 7,56,685.48 crore on Jul 12, 2019,
compared with Rs. 19,43,857.18 crore on Jul 11, 2019.
• The Put-Call ratio stood at 0.87 compared with the previous session’s
close of 0.92.
• The Nifty Put-Call ratio stood at 1.15 compared with the previous
session’s close of 1.03.
• Open interest on Nifty Futures stood at 20.07 million, compared with
the previous session’s close of 20.43.
• The Indian rupee declined amid weakness in the domestic equity. The
rupee closed at 68.68 a dollar, down 0.35% compared with the previous
close 68.44.
• The euro was nearly flat as market participants are awaiting Chicago
Federal Reserve President and New York Federal Reserve President’s
comments to get cues on the policy rate movement. The euro was last
seen trading at 1.1254 compared with the previous close of 1.1252.
• Gold prices edged higher amid rising U.S.-China trade feud after the U.S.
President said that China did not keep its promise of purchasing American
farm products.
• Brent crude prices stood firm as tropical storm Barry continued to inch
towards the Gulf Coast.
Thank you for
your time.
