11 Mar 2019
Markets for You
Global Indices
Global Indices 08-Mar Prev_Day Abs. Change
% Change
Dow Jones 25,450 25,473 -23 -0.09
Nasdaq 7,408 7,421 -13 -0.18
FTSE 7,104 7,158 -53 -0.74
Nikkei 21,026 21,456 -430 -2.01
Hang Seng 28,228 28,779 -551 -1.91
Indian Indices 08-Mar Prev_Day Abs. Change
% Change
S&P BSE Sensex 36,671 36,725 -54 -0.15
Nifty 50 11,035 11,058 -23 -0.21
Nifty 100 11,225 11,244 -19 -0.17
Nifty Bank 27,762 27,765 -3 -0.01
SGX Nifty 11,049 11,107 -59 -0.53
S&P BSE Power 1,917 1,899 18 0.96
S&P BSE Small Cap 14,529 14,540 -11 -0.08
S&P BSE HC 13,973 13,998 -25 -0.18
Date P/E Div. Yield P/E Div. Yield
8-Mar 27.17 1.17 27.05 1.22
Month Ago 23.53 1.15 27.10 1.23
Year Ago 23.07 1.18 25.00 1.27
Nifty 50 Top 3 Gainers
Company 08-Mar Prev_Day
% Change
NTPC 152 146 4.10
Eicher Motors 21871 21522 1.62
GAIL 350 344 1.60
Nifty 50 Top 3 Losers Domestic News
Company 08-Mar Prev_Day
% Change
Tata Motors 181 189 -4.28
Wipro 258 269 -4.15
Tata Steel 508 521 -2.55
Advance Decline Ratio
Advances 1189 800
Declines 1460 1006
Unchanged 139 109
Institutional Flows (Equity)
Description (Cr)
FII Flows* 18579
MF Flows** 8492
Mar 2019; **7
Mar 2019
Economic Indicator
YoY(%) Current Year Ago
11 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
Quarter Ago
After gaining for the last four consecutive sessions, Indian equity
markets closed in the red on weak global cues. Asian markets remained
under pressure following China’s weak export data for Feb 2019 that led
to fears about a global economic slowdown.
Further, decline in auto stocks weighed on the indices. Auto stocks fell
following reports that retail sales of luxury car unit of an auto major
declined in Feb 2019. Weakness in rupee added to the losses. However,
decline in crude oil prices restricted the losses.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.15% and
0.21% to close at 36,671.43 and 11,035.40, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap each fell 0.08%.
The overall market breadth on BSE was weak with 1,460 scrips
declining and 1,189 scrips advancing. A total of 139 scrips remained
On the BSE sectoral front, S&P BSE Metal stood as the major loser,
down 1.57% followed by S&P BSE Information Technology and S&P BSE
Teck that fell 0.88% and 0.79%, respectively. S&P BSE Utilities stood as
the major gainer and grew 1.09%, followed by S&P BSE Power that grew
The Reserve Bank of India (RBI) eased norms/business guidelines for
white label ATMs. Under the new norms, white label ATM operators
(WLAO) can source cash directly from RBI or any scheduled banks
including rural banks and cooperative banks. In addition, WLAOs can
offer bill payment and deposit services and may also display
advertisements of non-finance products provided it doesn’t run on the
screen when the customer is conducting a transaction.
Data from the Society of Indian Automobile Manufacturers (SIAM)
showed that sales of passenger vehicles fell in Feb 2019 on account of
high insurance costs and tightened liquidity in the market which
subsequently dampened market sentiments. Passenger vehicle sales fell
1.11% to 272,284 units. Sales of commercial vehicles decreased 0.43% to
87,436 units while that of three-wheeler sales fell 4.14% to 59,875 units.
Sales of two-wheelers also came down 4.22% to 16,15,071 units. Overall,
vehicle sales across categories declined 3.65% to 20,34,768 units.
According to the Economic Affairs Secretary, the government will be
able to meet the fiscal deficit target of 3.4% in FY19 as the shortfall in
indirect tax collection would be compensated by lower expenditure. The
Economic Affairs Secretary further added that the collection of direct
taxes will be as per the revised estimates. On a separate note, the
Economic Affairs Secretary unlined the importance of private equity and
venture capital industry in ensuring high growth of the Indian economy
and added that it is imperative that genuine startups do not suffer.
According to media reports, the Reserve Bank of India has expressed
concerns over the inability of credit rating agencies to assess credit risk
and take timely actions accordingly. The Central Bank noted that sudden
and abrupt credit rating downgrades in recent months have hurt
investors and banks.
RBI has notified banks with norms regarding 2% interest subvention or
subsidy for short-term crop loans during 2018-19 and 2019-20. It needs
to be noted that the Central Government has already approved the
Markets for You
Asian equity markets fell after the European Central Bank (ECB) revised
its 2019 GDP forecast downward and China reported worse than
expected trade data for Feb 2019. Investors also awaited the release of
monthly jobs report for Feb 2019, scheduled later in the day. China lost
after official data showed Chinese exports declined the most in three
years in Feb and imports fell for the third consecutive month. Today (as
of Mar 11), Asian markets opened higher following increase in crude oil
prices. Both Nikkei and Hangseng was trading up 0.17% and 0.33%,
respectively (as at 8.a.m. IST).
As per the last close, European markets closed lower after
disappointing U.S. jobs data and China’s trade data for Feb 2019 raised
concerns about the global economy.
As per the last close, U.S markets closed lower after the Labor
Department revealed much more than expected decline in U.S. non-farm
payroll data in Feb 2019. Concerns that the global economy may be
slowing down also weighed on the markets. However, rebound in U.S.
housing starts data in Jan 2019 restricted the losses.
FII Derivative Trade Statistics
(Rs Cr) Buy
Sell Open Int.
Index Futures 3107.72 2574.88 15862.29
Index Options 187405.63 185333.21 53771.10
Stock Futures 10339.86 10717.70 86609.34
Stock Options 7258.55 7342.24 6085.27
Total 208111.76 205968.03 162328.00
08-Mar Prev_Day
Put Call Ratio (OI) 1.60 1.77 -0.17
Indian Debt Market
Put Call Ratio(Vol) 1.06 1.03 0.03
08-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 6.15% 6.20% 6.35% 5.88%
T-Repo 6.20% 6.20% 6.34% NA
Repo 6.25% 6.25% 6.25% 6.00%
Reverse Repo 6.00% 6.00% 6.00% 5.75%
91 Day T-Bill 6.42% 6.38% 6.32% 6.27%
364 Day T-Bill 6.45% 6.51% 6.55% 6.63%
10 Year Gilt 7.37% 7.38% 7.33% 7.66%
G-Sec Vol. (Rs.Cr) 30649 32544 54792 35780
Currency Market Update
FBIL MIBOR 6.27% 6.35% 6.51% 6.00%
3 Month CP Rate 7.70% 7.80% 7.45% 7.84%
5 Year Corp Bond 8.36% 8.32% 8.45% 8.22%
1 Month CD Rate 7.31% 6.96% 6.56% 7.07%
3 Month CD Rate 7.26% 7.30% 6.96% 7.12%
1 Year CD Rate 7.69% 7.69% 7.96% 7.43%
Commodity Market Update
Currency 08-Mar Prev_Day
USD/INR 70.10 70.03 0.07
GBP/INR 91.80 92.26 -0.46
EURO/INR 78.55 79.17 -0.62
International News
JPY/INR 0.63 0.63 0.00
Commodity 08-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 55.72 55.71 52.70 60.12
Brent Crude($/bl) 63.07 63.15 61.46 63.96
Gold( $/oz) 1298 1293 1314 1322
Gold(Rs./10 gm) 32123 32819 33043 30459
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
11 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 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
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Mar 2019 Futures were at 11,076.05, a premium of 40.65 points,
over the spot closing of 11,035.40. The turnover on NSE’s Futures and
Options segment decreased to Rs. 5,39,930.66 crore on Mar 8, 2019,
compared with Rs. 17,03,076.34 crore on Mar 7, 2019.
The Put-Call ratio stood at 0.87, compared with the previous session’s
close of 0.85.
The Nifty Put-Call ratio stood at 1.60 compared with the previous
session’s close of 1.77.
Open interest on Nifty Futures stood at 15.60 million as against the
previous session’s close at 15.57 million.
Bond yields eased following overnight decline in U.S. Treasury yield.
The market sentiment was also supported by optimism on another rate
cut in the upcoming Monetary Policy Committee meeting scheduled for
Apr 2019.
Yield on the existing 10-year benchmark paper (7.17% GS 2028)
declined 5 bps to close at 7.53% as compared with the previous
session’s close of 7.58% after trading in the range of 7.52% to 7.57%.
Yield on the upcoming new 10-year benchmark paper (7.26% GS 2029)
declined 2 bps to close at 7.37% compared with the previous session’s
close of 7.39% after trading in the range of 7.35% to 7.39%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,259 crore (gross) on Mar 8, 2019, compared
with Rs. 3,056 crore (gross) as on Mar 7, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 16,389
crore on Mar 7, 2019.
The Indian rupee declined against the greenback following dollar
purchase by a state-run bank and a private lender. Market participants
are awaiting the release of U.S. nonfarm payroll data to take further
cues. The rupee closed at 70.15 a dollar, down 0.21% compared with the
previous close of 70.00.
The euro rose against the greenback after the U.S. nonfarm payroll
data for Feb 2019 came well below market expectations. The euro was
last seen trading at 1.1238 a dollar, up 0.41% compared with the
previous close of 1.1192.
Gold prices strengthen amid global growth worries after European
Central Bank cut the 2019 growth forecast for eurozone.
Brent crude prices plunged on global growth concerns, which
aggravated after European Central Bank trimmed eurozone’s growth
forecast for 2019.
Labor Department report showed U.S. non-farm payroll employment
rose by 20,000 jobs, much less than expected, in Feb 2019 following
upwardly revised 311,000 jobs increase in Jan 2019.
According to preliminary data from the Federal Statistical Office,
German factory orders fell sharply 2.6% MoM in Jan 2019 as against
revised 0.9% increase in Dec 2018.
According to data from the Cabinet Office, Japan's GDP rose 0.5% QoQ
in the fourth quarter of 2018 as against 0.3% rise in the previous
reading. On YoY basis, GDP rose 1.9% following 1.4% rise in the previous
Markets for You
Thank you for
your time.