Mutual Fund News of 1st March 2019 - Relaince Mutual Fund

01 Mar 2019

Markets for You

Global Indices

Global Indices 28-Feb Prev_Day Abs. Change

% Change

Dow Jones 25,916 25,985 -69 -0.27

Nasdaq 7,533 7,555 -22 -0.29

FTSE 7,075 7,107 -32 -0.46

Nikkei 21,385 21,557 -171 -0.79

Hang Seng 28,633 28,757 -124 -0.43

Indian Indices 28-Feb Prev_Day Abs. Change

% Change

S&P BSE Sensex 35,867 35,905 -38 -0.11

Nifty 50 10,793 10,807 -14 -0.13

Nifty 100 10,960 10,962 -2 -0.02

Nifty Bank 26,790 26,799 -9 -0.04

SGX Nifty 10,794 10,801 -7 -0.06

S&P BSE Power 1,829 1,812 17 0.93

S&P BSE Small Cap 13,690 13,573 116 0.86

S&P BSE HC 13,761 13,711 50 0.36

Date P/E Div. Yield P/E Div. Yield

28-Feb 26.23 1.20 26.32 1.25

Month Ago 23.30 1.18 25.85 1.27

Year Ago 23.69 1.16 25.68 1.13

Nifty 50 Top 3 Gainers

Company 28-Feb Prev_Day

% Change

Coal India 228 221 3.09

Vedanta Limited 169 165 2.88

Indian Oil 145 141 2.63

Nifty 50 Top 3 Losers Domestic News

Company 28-Feb Prev_Day

% Change

TCS 1983 2058 -3.63

Eicher Motors 19869 20408 -2.64

Maruti 6830 6969 -1.99

Advance Decline Ratio

BSE NSE

Advances 1438 1076

Declines 1064 697

Unchanged 148 97

Institutional Flows (Equity)

Description (Cr)

YTD

FII Flows* 12958

MF Flows** 14518

*28

Feb 2019; **27

Feb 2019

Economic Indicator

YoY(%) Current Year Ago

CPI

2.05%

(Jan-19)

5.07%

(Jan-18)

IIP

2.40%

(Dec-18)

7.30%

(Dec-17)

GDP

6.60%

(Dec-18)

7.70%

(Dec-17)

01 March 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

4.60%

(Sep-18)

7.10%

(Sep-18)

Quarter Ago

Inflow/Outflow

-324

-416

3.38%

(Oct-18)

• Government data showed that the growth forecast of the Indian

economy for FY19 was downgraded to 7% from the earlier projection of

7.2%. The growth of the agriculture sector is projected to slow down to

2.7% in FY19 from a growth rate of 5.0% in FY18. However, the growth of

the manufacturing sector is expected to grow to 8.1% in FY19 from 5.9% in

FY18. The growth of the construction sector is also expected to go up to

8.9% in FY19 from 5.6% in FY18.

• Government data showed that the growth estimate of the Indian

economy for the period from Oct to Dec of 2018 was estimated to have

slowed down to 6.6% from 7.0% in the previous quarter. This was the

slowest rate of growth in as many as six quarters. On the sectoral front,

the growth of the agriculture sector was estimated to have slowed down

to 2.7% in Q3FY19 from 4.2% in the Q2FY19. The growth of the

manufacturing sector was also estimated to have slowed down to 6.7%

from 6.9%. However, the growth of the construction sector was estimated

to have gone up to 9.6% in Q3FY19 from 8.5% in Q2FY19. The estimated

growth of Financial, Real Estate & Professional Services also inched up to

7.3% in Q3FY19 from 7.2% in Q2FY19.

• Government data showed that the growth of eight core sectors slowed

for the third consecutive month to 1.8% from 2.7% in the previous month

and 6.2% in the same month of the previous year. The slowdown came as

growth in crude oil sector and refinery product sector remained in

contractionary mode and fell 4.3% and 2.6% respectively. However, the

cement sector witnessed a maximum growth of 11.0% followed by that of

fertilizers which grew 10.5%. For the period from Apr 18 to Jan 19, the

growth of eight core sectors slowed to 4.5% from 4.1% in the same period

of the previous year.

Markets for You

• Asian equity markets were mostly lower as comments by the U.S. Trade

Representative and weak Chinese data dampened sentiment. This

overshadowed recent optimism over U.S.-China trade talks. Also, U.S.

President and North Korean leader ended their talks earlier than

scheduled. Today (as of Mar 1), Asian markets opened higher due to

optimism on stronger than expected economic growth in U.S. in Q4’18.

Nikkei and Hangseng rose 0.74% and 0.27%, respectively (as at 8.a.m. IST).

• As per the last close, European markets closed on a mixed note. Investors

traded cautiously over geopolitical concerns and uncertainty about U.S.-

China trade talks and Brexit. Some disappointing earnings reports and

China’s weak manufacturing data for Feb 2019 also weighed on the indices.

• As per the last close, U.S markets closed almost lower due to geopolitical

uncertainty after the summit between U.S. President and North Korean

leader ended without an agreement over the denuclearization of the

Korean peninsula. However, lower than expected QoQ slowdown in U.S.

economic growth in Q4’18 restricted the losses.

• Indian equity markets remained lower over geopolitical tensions and as

investors awaited the release of GDP and core industry data after market

hours. Also, traders squared-off their positions on the eve of expiry of Feb

2019 series derivative contracts amid rising uncertainties. Global cues

were weak too as U.S.-China trade relations again hit an air pocket with

U.S. officials saying China needs to do more for a long-term agreement to

fructify.

• Key benchmark indices S&P BSE Sensex and Nifty 50 dropped 0.11% and

0.13% to close at 35,867.44 and 10,792.50, respectively. S&P BSE Mid-Cap

and S&P BSE Small Cap gained 0.49% and 0.86%, respectively.

• The overall market breadth on BSE was strong with 1438 scrips

advancing and 1064 scrips declining. A total of 148 scrips remained

unchanged.

• On the BSE sectoral front, S&P BSE Consumer Durables was the major

gainer, up 1.49%, followed by S&P BSE Oil & Gas and S&P BSE Realty, up

1.29% and 1.1%, respectively. S&P BSE Capital Goods and S&P BSE Energy

gained 1.04% and 1.03%, respectively.

FII Derivative Trade Statistics 28-Feb

(Rs Cr) Buy

Sell Open Int.

Index Futures 10100.20 9643.82 32022.52

Index Options 249985.16 249349.98 65672.10

Stock Futures 31479.84 31092.95 95047.88

Stock Options 10864.52 10956.14 11145.71

Total 302429.72 301042.89 203888.21

28-Feb Prev_Day

Change

Put Call Ratio (OI) 1.29 1.37 -0.08

Indian Debt Market

Put Call Ratio(Vol) 1.12 1.31 -0.19

28-Feb Wk. Ago Mth. Ago

Year Ago

Call Rate 6.19% 6.28% 6.43% 5.93%

T-Repo 6.21% 6.26% 6.40% NA

Repo 6.25% 6.25% 6.50% 6.00%

Reverse Repo 6.00% 6.00% 6.25% 5.75%

91 Day T-Bill 6.39% 6.38% 6.54% 6.31%

364 Day T-Bill 6.55% 6.47% 6.75% 6.64%

10 Year Gilt 7.59% 7.54% 7.54% 7.73%

G-Sec Vol. (Rs.Cr) 28598 18081 18601 19186

Currency Market Update

FBIL MIBOR* 6.35% 6.37% 6.54% 6.05%

3 Month CP Rate 7.80% 7.75% 7.60% 7.92%

5 Year Corp Bond 8.37% 8.46% 8.47% 8.14%

1 Month CD Rate 7.19% 6.60% 6.60% 6.25%

3 Month CD Rate 7.40% 7.38% 7.36% 7.25%

1 Year CD Rate 7.95% 7.60% 8.18% 7.58%

Commodity Market Update

Currency 28-Feb Prev_Day

Change

USD/INR 71.20 71.17 0.03

GBP/INR 94.70 94.22 0.49

EURO/INR 80.98 80.97 0.01

International News

JPY/INR 0.64 0.64 0.00

Commodity 28-Feb Wk Ago Mth. Ago

Year Ago

NYMEX Crude($/bl) 57.16 56.90 51.74 61.42

Brent Crude($/bl) 64.47 67.45 60.15 66.72

Gold( $/oz) 1313 1323 1303 1318

Gold(Rs./10 gm) 33250 33531 32691 30398

Source: Thomson Reuters Eikon

*As on previous trading day

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

01 March 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

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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

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Derivative Statistics- Nifty Options

Disclaimer:

Derivatives Market

Debt Watch

Currency Market

Commodity Prices

• Bond yields declined with signs of easing geo-political tension between

India and Pakistan. Pakistan’s Prime Minister announced to release an

Indian pilot in their custody as a gesture of peace.

• Yield on the existing 10-year benchmark paper (7.17% GS 2028)

declined 8 bps to close at 7.59% as compared with the previous session’s

close of 7.67% after trading in the range of 7.59% to 7.68%.

• Yield on the upcoming new 10-year benchmark paper (7.26% GS 2029)

declined 6 bps to close at 7.41% compared with the previous session’s

close of 7.47% after trading in the range of 7.41% to 7.47%.

• Banks’ borrowings under the repo window of the Liquidity Adjustment

Facility (LAF) stood at Rs. 3,001 crore (gross) on Feb 28, 2019, compared

with Rs. 13,347 crore (gross) as on Feb 27, 2019. Sale of securities under

Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 18,371

crore on Feb 27, 2019.

• The Indian rupee appreciated against the greenback following gesture

of peace by Pakistan Prime Minister who reportedly said that the country

would release the Indian pilot in their custody. The rupee closed at 70.72

a dollar, up 0.70% compared with the previous close of 71.72.

• The euro rose on expectations of improving European economy with

the rise in core European bond yield. The euro was last seen trading at

1.1413 a dollar, up 0.39% compared with the previous close of 1.1369.

• According to data from the Commerce Department, new orders for U.S.

manufactured goods grew weaker than expected in Dec 2018. Factory

orders inched up 0.1% in Dec 2018 after falling by a revised 0.5% in Nov

2018.

• Latest survey from the National Bureau of Statistics revealed

manufacturing sector in China continued to contract at a faster rate in

Feb 2019. Manufacturing Purchasing Managers’ Index (PMI) score for Feb

2019 stood at 49.2, which was weaker than expectations and was

unchanged from the previous month’s score.

Markets for You

• Nifty Feb 2019 Futures settled at spot closing of 10,792.50. Nifty Mar

2019 Futures were at 10,857.25, a premium of 64.75 points, above the

spot closing. The turnover on NSE’s Futures and Options segment

increased to Rs. 17,01,134.76 crore on Feb 28, 2019, compared with Rs.

14,77,021.36 crore on Feb 27, 2019.

• The Put-Call ratio stood at 0.89, compared with the previous session’s

close of 1.10.

• The Nifty Put-Call ratio stood at 1.29 compared with the previous

session’s close of 1.37.

• Open interest on Nifty Futures stood at 24.78 million as against the

previous session’s close at 23.26 million.

• Gold prices moved up after U.S. Trade representative hinted that China

is required to put in more efforts to reach a long-term trade agreement.

• Brent crude prices tumbled following surge in U.S. crude inventory by

more than 2 million barrels per day.

Thank you for

your time.