22 Mar 2019
Markets for You
Global Indices
Global Indices 21-Mar Prev_Day Abs. Change
% Change
Dow Jones 25,963 25,746 217 0.84
Nasdaq 7,839 7,729 110 1.42
FTSE 7,355 7,291 64 0.88
Nikkei Closed 21,609 NA NA
Hang Seng 29,072 29,321 -249 -0.85
Indian Indices 20-Mar Prev_Day Abs. Change
% Change
S&P BSE Sensex 38,387 38,363 23 0.06
Nifty 50 11,521 11,532 -11 -0.10
Nifty 100 11,681 11,697 -15 -0.13
Nifty Bank 29,832 29,768 64 0.22
SGX Nifty 11,561 11,599 -38 -0.33
S&P BSE Power 1,984 2,015 -31 -1.54
S&P BSE Small Cap 14,824 14,873 -49 -0.33
S&P BSE HC 14,280 14,270 11 0.08
Date P/E Div. Yield P/E Div. Yield
20-Mar 27.85 1.14 28.24 1.17
Month Ago 22.97 1.20 26.50 1.26
Year Ago 22.72 1.19 24.69 1.29
Nifty 50 Top 3 Gainers
Company 20-Mar Prev_Day
% Change
Indiabulls HFC 733 698 4.96
Hindalco 207 202 2.37
Infosys 739 722 2.31
Nifty 50 Top 3 Losers Domestic News
Company 20-Mar Prev_Day
% Change
HPCL 275 291 -5.38
Zee Ente. 443 466 -4.84
BPCL 389 408 -4.57
Advance Decline Ratio
Advances 1088 691
Declines 1597 1160
Unchanged 167 97
Institutional Flows (Equity)
Description (Cr)
FII Flows* 39031
MF Flows** 2594
Mar 2019; **19
Mar 2019
Economic Indicator
YoY(%) Current Year Ago
22 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
Indian equity markets were flat as weakness in the rupee and rising oil
prices made investors book some profits. The markets had been gaining
for the past seven sessions. Global cues were mixed too as trade worries
re-emerged on media reports that China is not conceding to U.S.
demands. Also, investors awaited U.S. Federal Reserve’s (Fed) interest-
rate decision later in the day.
Key benchmark indices S&P BSE Sensex gained 0.06% and Nifty 50 lost
0.10% to close at 38,386.75 and 11,521.05, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap lost 0.36% and 0.33%, respectively.
The overall market breadth on BSE was weak with 1088 scrips
advancing and 1597 scrips declining. A total of 170 scrips remained
On the BSE sectoral front, S&P BSE Realty was the major gainer, up
2.21%, followed by S&P BSE Information Technology and S&P BSE Teck,
up 0.93% and 0.55%, respectively. S&P BSE Capital Goods and S&P BSE
Finance gained 0.48% and 0.21%, respectively. The biggest loser was S&P
BSE Oil and Gas down 2.26%, followed by S&P BSE Utilities and S&P BSE
Power, down 1.84% and 1.54%, respectively.
According to media reports, economists have raised concerns over a
sharp slowdown in the Indian economy and batted for a monetary policy
boost to support growth. This happened at a meeting with the Reserve
Bank of India (RBI) governor. The governor met more than 12 economists
to get their views on the economy ahead of the Monetary Policy
Committee (MPC) decision scheduled on Apr 4, 2019. Most economists
expect the six-member MPC to cut the repo rate by 25 basis points for
the second time to 6.00%, which is a level last seen in Aug 2017.
The RBI governor has called for a permanent status to the Finance
Commission and a robust expenditure planning without compromising
on fiscal consolidation. Fiscal federalism is gathering momentum in the
era of goods and services tax (GST). The governor said there is a need to
ensure consistencies between finance commissions so that there is some
certainty in the flow of funds to states.
India has expressed concern over the widening trade deficit with China.
The deficit with China has grown to more than $58 billion. India's
ambassador to China said India is working with the Chinese for ensuring
greater market access to Indian agricultural products. The bilateral trade
will cross the $100 billion mark this year, he said.
The finance minister said there is need for setting up of GST Council-
like federal institutions to promote healthcare, rural development and
agriculture sector. Such institutions will help by optimally utilising
resources of the centre and states, he said. The successful establishing of
GST Council, which is a constitutional body for making suggestions to the
union and state governments on issues related to GST, needs to be
repeated in other areas. He said agriculture, rural development and
healthcare are areas where the central government spends a lot of
money on supporting farmers, creating infrastructure and building health
centres for poor population. Also, the state governments are spending
money on these sectors.
Markets for You
Asian equity markets were mainly higher after the U.S. Federal Reserve
in its meeting hinted that it could no longer raise rates in 2019. This level
of dovishness was more than the markets had expected from the Fed.
The gains were capped amid Brexit concerns and U.S.-China trade talk
worries. The U.S. President warned that U.S. might maintain tariffs on
Chinese goods for a "substantial period" to make Beijing comply with a
trade deal.Today (as of Mar 22), Asian markets opened higher following
an overnight surge on Wall Street. Both Nikkei and Hangseng were
trading up 0.10% and 0.50%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed mixed following
concerns over Brexit uncertainty and U.S. China trade tensions. However,
rise in U.K. retail sales in Feb 2019 and Bank of England keeping interest
rates on hold as expected boosted the U.K. market.
As per the last close, U.S markets closed higher following gains from
technology stocks and upbeat U.S. economic data. However, indications
by the U.S. Federal Reserve of keeping the rates unchanged in 2019
restricted the gains.
FII Derivative Trade Statistics
(Rs Cr) Buy
Sell Open Int.
Index Futures 3206.95 2919.41 28018.46
Index Options 218092.77 217538.61 80343.13
Stock Futures 12351.11 12952.04 92807.03
Stock Options 8405.78 8371.82 9553.81
Total 242056.61 241781.88 210722.43
20-Mar Prev_Day
Put Call Ratio (OI) 1.71 1.78 -0.07
Indian Debt Market
Put Call Ratio(Vol) 1.05 1.05 0.00
20-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 6.20% 6.17% 6.29% 5.92%
T-Repo 6.20% 6.14% 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 6.27% 6.35% 6.40% 6.06%
364 Day T-Bill 6.42% 6.48% 6.50% 6.45%
10 Year Gilt 7.36% 7.38% 7.34% 7.62%
G-Sec Vol. (Rs.Cr) 22332 27976 23364 25012
Currency Market Update
FBIL MIBOR* 6.25% 6.26% 6.31% 6.04%
3 Month CP Rate 7.50% 7.55% 7.75% 7.25%
5 Year Corp Bond 8.44% 8.39% 8.40% 8.14%
1 Month CD Rate 7.75% 7.16% 6.65% 6.89%
3 Month CD Rate 7.28% 7.30% 7.39% 6.82%
1 Year CD Rate 7.46% 7.85% 7.62% 7.27%
Commodity Market Update
Currency 20-Mar Prev_Day
USD/INR 68.86 68.58 0.28
GBP/INR 91.28 91.01 0.28
EURO/INR 78.14 77.82 0.33
International News
JPY/INR 0.62 0.62 0.00
Commodity 21-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 59.93 60.07 56.85 63.36
Brent Crude($/bl) 68.74 68.79 67.36 65.24
Gold( $/oz) 1309 1312 1338 1311
Gold(Rs./10 gm)* 31812 32225 33730 30251
Source: Thomson Reuters Eikon
*As on Mar 20, 2019
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
22 March 2019
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Derivative Statistics- Nifty Options
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Mar 2019 Futures were at 11,553.20, a premium of 32.15 points,
over the spot closing of 11,521.05. The turnover on NSE’s Futures and
Options segment increased to Rs. 18,85,084.00 crore on Mar 20, 2019,
compared with Rs. 10,70,873.47 crore on Mar 19, 2019.
The Put-Call ratio stood at 0.76, compared with the previous session’s
close of 0.90.
The Nifty Put-Call ratio stood at 1.71 compared with the previous
session’s close of 1.78.
India VIX decreased 2.98% to 16.0000 compared with 16.4925 at the
previous trading session.
Bond yields eased following gains in the domestic currency, supported
by greenback sales and hopes of foreign fund inflows. However,
investors stayed on the sidelines ahead of the Federal Reserve’s policy
outcome, which restricted further fall in the yield.
Yield on the existing 10-year benchmark paper (7.17% GS 2028)
declined 2 bps to 7.52% as compared with the previous session’s close
of 7.54% after trading in the range of 7.51% to 7.54%.
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 7.36% to 7.39%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 5,016 crore (gross) on Mar 20, 2019, compared
with Rs. 6,261 crore (gross) as on Mar 19, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 9,444
crore on Mar 19, 2019.
The Indian rupee appreciated against the greenback, supported by
dollar sales by exporters and on expectations of foreign fund inflows.
However, further upside was restricted ahead of the outcome of the
Federal Reserve policy meeting.
The euro fell against the greenback as investor risk sentiment
dampened on renewed concerns of global trade war after the U.S.
President indicated that the U.S. tariffs on China would remain in place
"for a substantial period of time".
Gold prices rose after the U.S. Fed, in its policy meeting, announced to
leave interest rates unchanged while also indicating the central bank no
longer expects to raise rates in 2019.
Brent Crude prices traded marginally higher, backed by supply cuts led
by the OPEC, coupled with U.S. sanctions on Iran and Venezuela.
Preliminary data from the Office for National Statistics showed U.K.
consumer price inflation unexpectedly increased in Feb 2019. This was
for the first time in six months. The consumer price index rose 1.9% YoY
following a 1.8% increase in Jan. Expectations were for inflation rate to
remain unchanged.
Eurostat data showed euro zone construction output fell in Jan 2019
after rising in the previous two months. This reflects declines in both
building and civil engineering segments.
Markets for You
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