Mutual Fund News of 15 March 2019 – Reliance Mutual Fund

15 Mar 2019

Markets for You

Global Indices

Global Indices 14-Mar Prev_Day Abs. Change

% Change

Dow Jones 25,710 25,703 7 0.03

Nasdaq 7,631 7,643 -12 -0.16

FTSE 7,185 7,159 26 0.37

Nikkei 21,287 21,290 -3 -0.02

Hang Seng 28,851 28,807 44 0.15

Indian Indices 14-Mar Prev_Day Abs. Change

% Change

S&P BSE Sensex 37,755 37,752 3 0.01

Nifty 50 11,343 11,342 2 0.01

Nifty 100 11,523 11,527 -4 -0.04

Nifty Bank 28,923 28,884 39 0.13

SGX Nifty 11,390 11,400 -10 -0.08

S&P BSE Power 1,944 1,949 -5 -0.27

S&P BSE Small Cap 14,888 14,875 13 0.09

S&P BSE HC 14,214 14,099 115 0.81

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

14-Mar 27.79 1.14 27.81 1.19

Month Ago 22.80 1.19 26.58 1.26

Year Ago 23.40 1.16 25.41 1.25

Nifty 50 Top 3 Gainers

Company 14-Mar Prev_Day

% Change

NTPC 154 148 3.68

IndusInd Bank 1683 1636 2.83

Yes Bank 250 244 2.27

Nifty 50 Top 3 Losers Domestic News

Company 14-Mar Prev_Day

% Change

Power Grid 188 195 -3.67

HCL Tech 1007 1028 -2.10

Hero Moto 2752 2804 -1.85

Advance Decline Ratio

BSE NSE

Advances 1201 775

Declines 1510 1056

Unchanged 150 86

Institutional Flows (Equity)

Description (Cr)

YTD

FII Flows* 28928

MF Flows** 8492

*14

Mar 2019; **7

Mar 2019

Economic Indicator

YoY(%) Current Year Ago

CPI

2.93%

(Feb-19)

2.74%

(Feb-18)

IIP

1.70%

(Jan-19)

7.50%

(Jan-18)

GDP

6.60%

(Dec-18)

7.70%

(Dec-17)

15 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

8.40%

(Oct-18)

7.10%

(Sep-18)

Quarter Ago

Inflow/Outflow

-483

2213

4.47%

(Nov-18)

• Indian equity markets were flattish after three consecutive sessions of

gains. Investors became cautious as oil prices increased and wholesale

inflation data came in higher for Feb 2019. Markets are hoping for

another rate-cut by the Reserve Bank of India considering inflation looks

in control. But a rise in retail and wholesale inflation’s latest numbers has

put a question mark on such expectations.

• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.01% each

to close at 37,754.89 and 11,343.25, respectively. S&P BSE Mid-Cap lost

0.26% and S&P BSE Small Cap gained 0.09%.

• The overall market breadth on BSE was weak with 1201 scrips

advancing and 1510 scrips declining. A total of 150 scrips remained

unchanged.

• On the BSE sectoral front, S&P BSE Realty was the major gainer, up

2.09%, followed by S&P BSE Healthcare and S&P BSE Metal, up 0.81%

and 0.62%, respectively. S&P BSE Telecom and S&P BSE Oil & Gas gained

0.51% and 0.32%, respectively. S&P BSE Information Technology was the

major loser, down 0.42%, followed by S&P BSE Auto and S&P BSE Basic

Materials, down 0.41% and 0.33%, respectively. S&P BSE Teck and S&P

BSE Industrials lost 0.29% each.

• Government data showed that the Wholesale Price Index (WPI) based

inflation rose to 2.93% in Feb 2019 from 2.76% in the previous month

and 2.74% during the same period of the previous year. The WPI Food

Index also increased from 1.84% in Jan 2019 to 3.29% in Feb 2019. WPI

for food articles increased from 2.34% in Jan 2019 to 4.28% in Feb 2019

and this can be attributed to increase in cost of vegetables for which WPI

rose 6.82% over the month compared to a contraction of 4.21% in the

previous month.

• A former Reserve Bank of India (RBI) governor has said softer inflation

in the country has put the central bank in a position to support economic

growth. He said there is some uncertainty about the rate of growth that

needs to be strengthened. The present RBI governor had surprised

economists by easing monetary policy in Feb 2019.

• The minister for law & justice and electronics & information technology

said India could be a $3 trillion (digital) economy in the next four to five

years. The government plans to make India the biggest manufacturing

hub in electronics with 1 crore employment in the electronics sector and

35-40 lakh in the software sector, he said. India is now second only to

China in mobile phone manufacturing, he said.

• Tata Motors-owned Jaguar Land Rover (JLR) has initiated a voluntary

recall of around 44,000 cars in the U.K. over higher than certified levels

of carbon dioxide (CO2) emissions. JLR said it will contact the owners of

the affected vehicles to arrange for free-of-charge repairs.

• Tata Consultancy Services (TCS) has announced that it is developing

solutions to drive Blockchain adoption across industries, using

technologies from Microsoft and enterprise blockchain software firm R3.

• Standard Chartered announced that it will be launching an open

platform for Small and Medium Enterprises (SMEs) in India enabling

them to access a range of financial and business solutions. The

technology platform will be one of the first to provide holistic solutions

to SMEs in India. SME contributes around 30% of GDP and 45% of

country’s exports.

• Asian equity markets ended mixed after British lawmakers put down a

possible no-deal Brexit. This has forced the U.K. Prime Minister to give

members of parliament another chance to vote on delaying Brexit. Today

(as of Mar 15), Asian markets opened almost on a positive note. Investors

focused on new developments on the U.S. and China trade deal and the

vote from lawmakers that could potentially delay the U.K.'s exit from the

European Union. Nikkei and Hangseng grew 0.83% and 0.01%,

respectively (as at 8.a.m. IST).

• As per the last close, European markets closed higher as investors

focused on the latest Brexit developments wherein U.K. lawmakers

rejected the idea of leaving the European Union without a Brexit deal on

Mar 13, 2019.Investors also remained focused on slew of earnings

reports.

• As per the last close, U.S markets closed on a mixed note amid recent

volatility and lack of direction. Brexit uncertainty and renewed concerns

about a potential trade deal between the U.S. and China weighed on the

indices. Reports of decline in U.S. home sales in Jan 2019 also dampened

market sentiment.

Markets for You

FII Derivative Trade Statistics

14-Mar

(Rs Cr) Buy

Sell Open Int.

Index Futures 5321.23 3499.06 22744.82

Index Options 228848.22 229340.30 74158.19

Stock Futures 12439.31 13347.41 89055.07

Stock Options 8139.66 8040.84 7657.87

Total 254748.42 254227.61 193615.95

14-Mar Prev_Day

Change

Put Call Ratio (OI) 1.68 1.81 -0.13

Indian Debt Market

Put Call Ratio(Vol) 1.01 0.95 0.06

14-Mar Wk. Ago Mth. Ago

Year Ago

Call Rate 6.15% 6.14% 6.28% 5.83%

T-Repo 6.15% 6.20% 6.21% NA

Repo 6.25% 6.25% 6.25% 6.00%

Reverse Repo 6.00% 6.00% 6.00% 5.75%

91 Day T-Bill 6.32% 6.39% 6.35% 6.15%

364 Day T-Bill 6.40% 6.48% 6.49% 6.52%

10 Year Gilt 7.36% 7.39% 7.33% 7.68%

G-Sec Vol. (Rs.Cr) 38544 18551 33308 20102

Currency Market Update

FBIL MIBOR* 6.25% 6.24% 6.35% 6.00%

3 Month CP Rate 7.50% 7.70% 7.15% 7.74%

5 Year Corp Bond 8.34% 8.41% 8.36% 8.22%

1 Month CD Rate 7.17% 6.81% 6.41% 7.10%

3 Month CD Rate 7.29% 7.30% 7.07% 7.04%

1 Year CD Rate 7.49% 7.98% 7.60% 7.41%

Commodity Market Update

Currency 14-Mar Prev_Day

Change

USD/INR 69.67 69.62 0.04

GBP/INR 92.29 91.15 1.13

EURO/INR 78.84 78.57 0.27

International News

JPY/INR 0.62 0.63 0.00

Commodity 14-Mar Wk Ago Mth. Ago

Year Ago

NYMEX Crude($/bl) 58.54 56.55 54.35 60.88

Brent Crude($/bl) 65.62 64.26 64.39 63.60

Gold( $/oz) 1296 1285 1312 1325

Gold(Rs./10 gm) 31960 31982 32845 30375

Source: Thomson Reuters Eikon

*As on previous trading day

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

15 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

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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.

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Derivative Statistics- Nifty Options

Disclaimer:

Derivatives Market

Debt Watch

Currency Market

Commodity Prices

• Nifty Mar 2019 Futures were at 11,381.75, a premium of 38.50 points,

over the spot closing of 11,343.25. The turnover on NSE’s Futures and

Options segment increased to Rs. 19,97,209.25 crore on Mar 14, 2019,

compared with Rs. 13,14,637.59 crore on Mar 13, 2019.

• The Put-Call ratio stood at 0.83, compared with the previous session’s

close of 0.79.

• The Nifty Put-Call ratio stood at 1.68 compared with the previous

session’s close of 1.81.

• Open interest on Nifty Futures stood at 20.76 million as against the

previous session’s close at 20.39 million.

• Bond yields fell after RBI said that it would inject liquidity for higher

duration using foreign exchange swaps in the current month.

• Yield on the existing 10-year benchmark paper (7.17% GS 2028) fell 1

bps to 7.54% as compared with the previous session’s close of 7.55%

after trading in the range of 7.53% to 7.59%.

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

declined 2 bps to close at 7.36% compared with the previous session’s

close of 7.38% after trading in the range of 7.35% to 7.41%.

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

Facility (LAF) stood at Rs. 3,053 crore (gross) on Mar 14, 2019, compared

with Rs. 7,921 crore (gross) as on Mar 13, 2019. Sale of securities under

Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 12,726

crore on Mar 13, 2019.

• The Indian rupee appreciated against the greenback on the back of

foreign fund inflows in the domestic equity market. The rupee closed at

69.35 a dollar, up 0.27% compared with the previous close of 69.54.

• The euro declined on strong dollar following the Brexit vote that failed

to provide clarity on how Britain is moving forward with the schedule

departure from the European Union. The euro was last seen trading at

1.1306 a dollar, down 0.17% compared with the previous close of

1.1325.

• Gold prices moved down against the greenback after Brexit related

uncertainties eased when British lawmakers denied a no-deal Brexit.

•Brent crude prices jumped after the Energy Information Administration

data revealed decline of 3.9 million barrels in the U.S. crude stockpiles in

the last week.

• According to a report from the Labor Department, first-time claims for

U.S. unemployment benefits increased by more than expected in the

week ended Mar 9, 2019. The report said initial jobless claims rose to

229,000, an increase of 6,000 from the previous week's unrevised level

of 223,000. Meanwhile, the Labor Department said the less volatile four-

week moving average fell to 223,750, a decrease of 2,500 from the

previous week's average of 226,250.

• According to the Commerce Department, U.S. construction spending

jumped much more than expected in Jan 2019. The report said

construction spending increased 1.3% to an annual rate of $1.280 trillion

in Jan after falling 0.8% to a revised rate of $1.263 billion in Dec 2018.

Markets for You

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