29Mar2019
MarketsforYou
GlobalIndices
GlobalIndices 28‐Mar Prev_Day Abs.Change
%Change
#
DowJones 25,717 25,626 92 0.36
Nasdaq 7,669 7,643 26 0.34
FTSE 7,234 7,194 40 0.56
Nikkei 21,034 21,379 ‐345 ‐1.61
HangSeng 28,775 28,728 47 0.16
IndianIndices 28‐Mar Prev_Day Abs.Change
%Change
#
S&PBSESensex 38,546 38,133 413 1.08
Nifty50 11,570 11,445 125 1.09
Nifty100 11,719 11,596 124 1.07
NiftyBank 30,421 30,020 401 1.33
SGXNifty 11,571 11,454 117 1.02
S&PBSEPower 2,021 2,025 ‐4 ‐0.18
S&PBSESmallCap 14,918 14,778 140 0.95
S&PBSEHC 14,213 14,102 110 0.78
Date P/E Div.Yield P/E Div.Yield
28‐Mar 27.98 1.13 28.36 1.17
MonthAgo 26.23 1.20 26.32 1.25
YearAgo 22.66 1.18 24.66 1.29
Nifty50Top3Gainers
Company 28‐Mar Prev_Day
%Change
#
IndiabullsHFC 811 750 8.10
ZeeEnte. 443 423 4.67
AdaniPorts&SEZ 381 366 4.10
Nifty50Top3Losers DomesticNews
Company 28‐Mar Prev_Day
%Change
#
ONGC 156 160 ‐2.62
Hindalco 202 208 ‐2.55
TataSteel 506 516 ‐1.84
AdvanceDeclineRatio
BSE NSE
Advances 1675 1174
Declines 980 642
Unchanged 164 112
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 43417
MFFlows** 3678
*28
th
Mar2019;**27
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)
29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
537
1369
3.38%
(Oct‐18)
MarketsforYou
• After witnessing decline in the previous session, India equity markets
closed in the green. Reports that the Reserve Bank of India is expected to
cut rates in the first bi‐monthly monetary policy meeting for FY20
improved market sentiment. Foreign fund inflows boosted market
sentiment. Gains in financial and information technology stocks boosted
the indices.
• However, weakness in rupee restricted the gains. Mixed global cues on
global growth concerns also kept the investors wary. Investors focus
remained towards the upcoming general elections and the quarterly
earnings results that are scheduled to begin in mid‐April 2019.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 1.08% and
1.09% to close at 38,545.72 and 11,570.00, respectively. S&P BSE Mid‐Cap
and S&P BSE Small Cap grew 1.06% and 0.95%, respectively.
• The overall market breadth on BSE was strong with 1,675 scrips
advancing and 980 scrips declining. A total of 164 scrips remained
unchanged.
• According to the India Meteorological Department, monsoon in India is
likely to be robust provided there is no El Nino. A robust monsoon is
expected to give a boost to the agricultural and wider economic growth
which may keep domestic inflationary pressures under control. According
to reports, the agriculture sector employs more than half of the country’s
pollution.
• According to media reports, the central government has urged banks to
deposit the tax that it deducted for Mar 2019 in the current month itself.
Normally the payment is done in Apr 2019. The objective of the move is to
help the government meet its revenue and fiscal deficit estimates for
FY19.
• Capital market regulator Securities and Exchange Board of India (SEBI)
has deferred implementation of the provision that deals with seeking
approval of the shareholders for material payments made to related
parties for brand usage or royalty by three months to Jun 30. The move
comes after SEBI considered the representations received on the subject
after undertaking a public consultation process on the same. Payments
are considered to be material in nature when they exceed 2% of the
annual consolidated turnover of the listed company in the given fiscal.
• According to media reports, the consulting arm of Infosys will acquire a
75% stake in Starter NV which is a subsidiary of ABN AMRO Bank that is
based in Netherlands, for €127.5 million (Rs. 999 crore or $144 million).
• The Ministry of Finance will infuse Rs. 5,042 crore in the state run Bank
of Baroda. The move comes ahead of the merger of Dena Bank and Vijaya
Bank with Bank of Baroda. The merger would come into effect from Apr 1.
• According to media reports, the state run PFC has completed the
acquisition of majority stake in Rural Electrification Corporation Ltd. by
transferring Rs 14,500 crore to the government. This has helped the
government to meet its disinvestment target of Rs. 80,000 crore for the
current fiscal.
• Asian markets witnessed a mixed trend as positive impact of the report
showing both U.S. and China making headway on their talks on trade was
neutralised by Brexit uncertainty. In the recent development, British
Parliament failed to agree on an alternative to U.K. Prime Minister's
withdrawal plan. Furthermore, sliding U.S. bond yields rekindled economic
growth concerns of the nation. Today (as of Mar 29), Asian markets
opened higher as trade negotiations between the U.S. and China continue
in Beijing. Both Nikkei and Hang Seng were trading higher 0.67% and
0.18%, respectively (as at 8 a.m. IST).
• As per the last close, European markets closed on a mixed note. Initially,
fresh optimism about U.S.‐China trade negotiations led to a rise in the
market but trend reversed at the end as concerns about global economic
growth weighed on sentiment.
• As per the last close, U.S markets rose as investors reacted to reports on
progress in the ongoing trade talks between the U.S. and China. According
to reports, U.S. and Chinese negotiators have made progress on the
details of the written agreements to address U.S. concerns.
FIIDerivativeTradeStatistics 28‐Mar
(RsCr) Buy Sell OpenInt.
IndexFutures 8832.42 7323.88 29684.48
IndexOptions 331342.70 333546.75 92879.32
StockFutures 29992.45 29701.39 101439.98
StockOptions 7513.06 7670.39 9220.00
Total 377680.63 378242.41 233223.78
28‐Mar Prev_Day Change
PutCallRatio(OI) 1.96 1.49 0.48
IndianDebtMarket
PutCallRatio(Vol) 1.04 1.04 0.01
28‐Mar Wk.Ago Mth.Ago YearAgo
CallRate 6.24% 6.20% 6.19% 7.57%
T‐Repo 6.11% 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 6.22% 6.27% 6.39% 6.09%
364DayT‐Bill 6.38% 6.42% 6.55% 6.40%
10YearGilt 7.32% 7.36% 7.41% 7.40%
G‐SecVol.(Rs.Cr) 40627 22332 28598 37511
CurrencyMarketUpdate
FBILMIBOR* 6.25% 6.25% 6.35% 6.05%
3MonthCPRate 7.60% 7.50% 7.80% 7.44%
5YearCorpBond 8.36% 8.44% 8.33% 8.08%
1MonthCDRate 8.36% 7.75% 7.19% 7.23%
3MonthCDRate 7.20% 7.28% 7.40% 6.98%
1YearCDRate 7.48% 7.46% 7.95% 7.33%
CommodityMarketUpdate
Currency 28‐Mar Prev_Day Change
USD/INR 69.00 68.90 0.10
GBP/INR 91.03 90.88 0.15
EURO/INR 77.69 77.60 0.08
InternationalNews
JPY/INR 0.63 0.62 0.00
Commodity 28‐Mar WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 59.24 60.07 57.16 64.29
BrentCrude($/bl) 66.67 68.79 64.47 67.37
Gold($/oz) 1290 1312 1313 1325
Gold(Rs./10gm) 31854 31812 33250 30630
Source:ThomsonReutersEikon
*Asonprevioustradingday
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
29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
MarketsforYou
• Nifty Mar 2019 Futures settled at spot closing of 11,570.00. Nifty Apr
2019 Futures were at 11,663.60, a premium of 93.60 points, above the
spot closing. The turnover on NSE’s Futures and Options segment rose to
Rs. 22,75,906.54 crore on Mar 28, 2019, compared with Rs. 17,20,336.52
crore on Mar 27, 2019.
• The Put‐Call ratio stood at 0.81 compared with the previous session’s
close of 0.95.
• The Nifty Put‐Call ratio stood at 1.96 compared with the previous
session’s close of 1.49.
• Open interest on Nifty Futures stood at 27.15 million as against the
previous session’s close at 25.85 million.
• Bond yields fell with the fall in U.S. 10‐year Treasury yields that
increased the appeal for local notes. Investors are now awaiting the
release of the government’s borrowing schedule for Apr‐Sep, which is due
on Mar 29, 2019, to take further cues.
• Yield on the existing 10‐year benchmark paper (7.17% GS 2028) fell 2
bps to 7.46% as compared with the previous session’s close of 7.48% after
trading in the range of 7.44% to 7.47%.
• Yield on the upcoming new 10‐year benchmark paper (7.26% GS 2029)
fell 1 bps to close at 7.32% compared with the previous session’s close of
7.33% after trading in the range of 7.29% to 7.33%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 6,461 crore (gross) on Mar 28, 2019, compared
with Rs. 10,888 crore (gross) as on Mar 27, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 40,966
crore on Mar 27, 2019.
• The Indian rupee depreciated against the greenback as rising tension of
slowing global economy dented investors’ appetite for riskier assets. The
rupee closed at 69.34 a dollar compared with the previous close of 68.87.
• The euro declined following European Central Bank (ECB) President’s
comment, which primarily focused on the struggles of banks and how to
mitigate the situation. The ECB is likely to ease its monetary policy. The
euro was last seen trading at 1.1243 a dollar compared with the previous
close of 1.1247.
• Gold prices moved down on dollar strength.
• Brent Crude prices edged lower after data released by Energy
Information Administration showed a surprising surge of 2.8 million
barrels in U.S. crude inventory in the prior week.
• Data from the U.S. Commerce Department, the U.S. trade deficit
narrowedmorethanexpectedinJan2019.Thetradedeficitnarrowedto
$51.1 billion in Jan 2019 from $59.9 billion in Dec 2018. Trade deficit
narrowed as imports fell 2.6% to $258.5 billion in Jan 2019 after
increasing 2.1% to $265.3 billion in Dec 2018. Meanwhile exports grew
0.9% to $207.3 billion in Jan 2019 after falling 1.9% to $205.4 billion in
Dec 2018.
• Data from the U.S. Labour Department showed that initial jobless claims
in U.S. for the week ended Mar 23 fell 5,000 to 211,000 from the
previous week's revised level of 216,000 (221,000 originally reported for
the previous week).
Thank you for
your time.