26Mar2019
MarketsforYou
GlobalIndices
GlobalIndices 25‐Mar Prev_Day Abs.Change
%Change
#
DowJones 25,517 25,502 15 0.06
Nasdaq 7,638 7,643 ‐5 ‐0.07
FTSE 7,178 7,208 ‐30 ‐0.42
Nikkei 20,977 21,627 ‐650 ‐3.01
HangSeng 28,523 29,113 ‐590 ‐2.03
IndianIndices 25‐Mar Prev_Day Abs.Change
%Change
#
S&PBSESensex 37,809 38,165 ‐356 ‐0.93
Nifty50 11,354 11,457 ‐103 ‐0.90
Nifty100 11,505 11,614 ‐109 ‐0.94
NiftyBank 29,281 29,583 ‐301 ‐1.02
SGXNifty 11,384 11,468 ‐84 ‐0.73
S&PBSEPower 2,010 2,001 9 0.46
S&PBSESmallCap 14,588 14,759 ‐171 ‐1.16
S&PBSEHC 14,114 14,182 ‐68 ‐0.48
Date P/E Div.Yield P/E Div.Yield
25‐Mar 27.44 1.15 27.83 1.19
MonthAgo 26.55 1.18 26.53 1.24
YearAgo 22.50 1.20 24.38 1.30
Nifty50Top3Gainers
Company 25‐Mar Prev_Day
%Change
#
IndianOil 164 157 4.65
ONGC 159 152 4.14
CoalIndia 237 232 2.26
Nifty50Top3Losers DomesticNews
Company 25‐Mar Prev_Day
%Change
#
ZeeEnte. 416 435 ‐4.23
VedantaLimited 168 174 ‐3.25
BhartiInfratel 307 316 ‐3.01
AdvanceDeclineRatio
BSE NSE
Advances 747 468
Declines 1932 1403
Unchanged 190 78
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 41818
MFFlows** 1602
*25
th
Mar2019;**20
th
Mar2019
EconomicIndicator
YoY(%) Current YearAgo
CPI
2.57%
(Feb‐19)
4.44%
(Feb‐18)
IIP
1.70%
(Jan‐19)
7.50%
(Jan‐18)
GDP
6.60%
(Dec‐18)
7.70%
(Dec‐17)
26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
‐819
1436
3.38%
(Oct‐18)
•Indianequitymarketsclosedintheredonthefirstdayoftheweekon
weak global cues. Fears of economic slowdown in U.S., uncertainty around
Brexit and concerns over global economy kept the investors wary. 10‐year
U.S. Treasury yields fell to the lowest since early 2018 following cautious
remarks by the U.S. Federal Reserve in the week ended Mar 22, 2019.
However, gains in one of the major Indian international airline following
media reports that its Chairman and his wife have stepped down from the
board of the airline restricted the losses.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.93% and
0.90% to close at 37,808.91 and 11,354.25, respectively. S&P BSE Mid‐Cap
and S&P BSE Small Cap fell 1.06% and 1.16%, respectively.
• On the BSE sectoral front, S&P BSE Telecom stood as the major loser,
down 2.22% followed by S&P BSE Realty and S&P BSE Basic Materials that
fell 1.83% and 1.38%, respectively. S&P BSE Metal and S&P BSE Bankex fell
1.30% and 1.29%, respectively. S&P BSE Oil & Gas stood as the major
gainer and grew 1.40%, followed by S&P BSE Power that grew 0.46%.
• According to media reports, the government is considering putting in
place a mechanism to track people who change jobs in order to get clarity
regarding the formal employment in the country and the net employment
generated. The move is being considered as the reports of those exiting
and re‐re‐joining gets delayed and thus is not completely reliable.
• According to media reports, the Reserve Bank of India is working on
regulatory norms for financial technology companies. The Central Bank
governor will hold discussion with the chiefs of payment banks in order to
understand their issues, concerns and worries. A regulatory sandbox is
expected to be issued in the next two months so as to promote financial
technology in the country. Here a sandbox approach is experimenting and
learning before finally adopting a system or technology. Such an approach
helps to put a check on failures.
• According to the Secretary of the Department of Economic Affairs, the
liquidity position and the fiscal deficit position of the country is
comfortable and that the government will be able to meet the fiscal deficit
targets. The remark comes amid concerns that collection of direct taxes
and indirect taxes not coming as expected.
• According to media reports, the ministry of commerce has come out
with an online system which will help exporters to obtain export license
for restricted category goods. The objective of the move is to promote
paperless work and boost ease of doing business within the country.
• Jet Airways Ltd Chairman Naresh Goyal and his wife Anita Goyal have
quit the board of the cash‐strapped airline, as it closes in on a rescue deal
led by state‐run banks. The banks, led by State Bank of India (SBI), will
convert their debt into equity and take a controlling stake in the airline for
a token sum of 1 rupee. SBI expects investors or buyer for the cash‐
strapped Jet Airways by the end of May 2019.
• Netmeds has acquired health tech start‐up KiViHealth and will invest
close to $10 million to integrate and grow the latter's business. KiViHealth
is a clinic management platform providing cloud‐based, AI‐powered tools
for effective doctor‐patient interaction. The acquisition is through a cash
and stock deal.
• Asian markets closed in the red amid escalating worries over global
economic slowdown and Brexit‐related uncertainty. Concerns over
potential U.S. recession weighed on market sentiments after the yield of
3‐month U.S. Treasury bexceeded that of 10‐year U.S. Treasury. Today (as
of Mar 26), Asian markets opened higher after declining on the previous
session following concerns over global economy. Both Nikkei and Hang
Seng were trading higher 1.70% and 0.41%, respectively (as at 8 a.m. IST).
• As per the last close, European markets fell on rising fears of a looming
U.S. recession looking at the inverted U.S. yield curve and fresh
uncertainty around Brexit few days before U.K.’s scheduled departure
from the European Union (EU).
• As per the last close, U.S markets were little changed on absence of any
major U.S. economic data. Reports on housing starts, consumer
confidence, pending home sales, personal income and spending and new
home sales are likely to trigger movement in the coming days. Meanwhile,
lingering concerns about the outlook for the U.S. economy continued to
weighonthemarkets.
MarketsforYou
FIIDerivativeTradeStatistics 25‐Mar
(RsCr) Buy Sell OpenInt.
IndexFutures 5423.11 4872.99 26521.89
IndexOptions 161049.74 160249.90 81863.16
StockFutures 15411.63 17297.01 94135.46
StockOptions 8893.77 8955.95 9893.42
Total 190778.25 191375.85 212413.93
25‐Mar Prev_Day Change
PutCallRatio(OI) 1.46 1.60 ‐0.13
IndianDebtMarket
PutCallRatio(Vol) 0.86 1.10 ‐0.24
25‐Mar Wk.Ago Mth.Ago YearAgo
CallRate 6.19% 6.20% 6.28% 5.93%
T‐Repo 6.18% 6.14% 6.28% NA
Repo 6.25% 6.25% 6.25% 6.00%
ReverseRepo 6.00% 6.00% 6.00% 5.75%
91DayT‐Bill 6.20% 6.32% 6.30% 6.12%
364DayT‐Bill 6.39% 6.40% 6.53% 6.50%
10YearGilt 7.32% 7.32% 7.41% 7.56%
G‐SecVol.(Rs.Cr) 38231 47132 21307 40602
CurrencyMarketUpdate
FBILMIBOR* 6.25% 6.26% 6.35% 6.05%
3MonthCPRate 7.50% 7.45% 7.75% 7.33%
5YearCorpBond 8.41% 8.44% 8.33% 8.18%
1MonthCDRate 8.10% 7.27% 6.42% 7.12%
3MonthCDRate 7.19% 7.31% 7.26% 7.06%
1YearCDRate 7.68% 7.45% 7.71% 7.35%
CommodityMarketUpdate
Currency 25‐Mar Prev_Day Change
USD/INR 68.99 68.66 0.33
GBP/INR 90.87 90.28 0.60
EURO/INR 77.97 78.14 ‐0.16
InternationalNews
JPY/INR 0.63 0.62 0.01
Commodity 25‐Mar WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 58.66 59.04 55.29 65.79
BrentCrude($/bl) 67.86 66.64 64.56 68.62
Gold($/oz) 1322 1303 1327 1347
Gold(Rs./10gm) 32054 31725 33326 30700
Source:ThomsonReutersEikon
*Asonprevioustradingday
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
26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
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Nifty Mar 2019 Futures were at 11,370.05, a premium of 15.80 points,
over the spot closing of 11,354.25. The turnover on NSE’s Futures and
Options segment decreased to Rs. 8,26,876.46 crore on Mar 25, 2019,
compared with Rs. 8,95,226.20 crore on Mar 22, 2019.
• The Put‐Call ratio stood at 0.81, compared with the previous session’s
close of 1.04.
• The Nifty Put‐Call ratio stood at 1.46 compared with the previous
session’s close of 1.60.
• Open interest on Nifty Futures stood at 24.24 million as against the
previous session’s close at 25.00 million.
• Bond yields eased following decline in U.S. Treasury yields. Besides,
hopes of another rate cut by the Monetary Policy in the upcoming policy
review meeting also lent support to bond prices.
• Yield on the existing 10‐year benchmark paper (7.17% GS 2028)
declined 3 bps to 7.47% as compared with the previous session’s close of
7.50% after trading in the range of 7.45% to 7.47%.
• Yield on the upcoming new 10‐year benchmark paper (7.26% GS 2029)
declined 2 bps to close at 7.32% compared with the previous session’s
close of 7.34% after trading in the range of 7.30% to 7.32%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 5,819 crore (gross) on Mar 25, 2019, compared
with Rs. 6,244 crore (gross) as on Mar 22, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 48,213
crore on Mar 22, 2019.
• The Indian rupee stood steady as gains from dollar sales by exporters
and foreign banks were set off by a weak domestic equity market.
• The euro was subdued following last week’s weak manufacturing PMI
data for Mar for Germany. However, the single currency’s losses were
capped by better‐than‐expected data on business climate index from
Germany for the same month.
• Gold prices rose amid rising concerns over global economic growth and
Brexit uncertainties.
• Brent Crude prices rose, supported by OPEC‐led supply cuts and U.S.
sanctions against Iran and Venezuela.
• According to a report from the National Association of Realtors, U.S.
existing home sales surpassed market expectations and grew 11.8% to an
annual rate of 5.51 million in Feb 2019 as against a decline of 1.4% to a
revised rate of 4.93 million (4.94 million originally reported) in Jan 2019.
• According to a report from the Ifo Institute, Germany’s Ifo business
confidence index grew to 99.6 in Mar 2019 as against 98.5 in Feb 2019.
However, business confidence was expected to remain unchanged at
Feb’s score of 98.5. The index rose for the first time since Aug 2018.
MarketsforYou
Thank you for
your time.