Mutual Fund News of 2nd May 2018 – Reliance Mutual Fund

02 May 2018

Markets for You

Global Indices

Global Indices 01-May Prev_Day Abs. Change

% Change

Dow Jones 24,099 24,163 -64 -0.27

Nasdaq 7,131 7,066 64 0.91

FTSE 7,520 7,509 11 0.15

Nikkei 22,508 Closed NA NA

Hang Seng Closed 30,808 NA NA

Indian Indices 30-Apr Prev_Day Abs. Change

% Change

S&P BSE Sensex 35,160 34,970 191 0.55

Nifty 50 10,739 10,692 47 0.44

Nifty 100 11,146 11,095 51 0.46

Nifty Bank 25,532 25,395 137 0.54

SGX Nifty 10,790 10,749 41 0.38

S&P BSE Power 2,238 2,218 20 0.89

S&P BSE Small Cap 18,402 18,240 162 0.89

S&P BSE HC 14,154 14,036 118 0.84

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

30-Apr 23.83 1.12 26.66 1.19

Month Ago 22.66 1.18 24.66 1.29

Year Ago 22.49 1.37 23.63 1.23

Nifty 50 Top 3 Gainers

Company 30-Apr Prev_Day

% Change

Yes Bank 362 349 3.75

HUL 1509 1474 2.37

Ambuja Cem 251 245 2.35

Nifty 50 Top 3 Losers Domestic News

Company 30-Apr Prev_Day

% Change

Axis Bank 517 539 -4.06

RIL 963 996 -3.31

United Phos 730 754 -3.25

Advance Decline Ratio

BSE NSE

Advances 1379 966

Declines 1279 840

Unchanged 149 84

Institutional Flows (Equity)

Description (Cr)

YTD

FII Flows* 8846

MF Flows** 43895

*27

Apr 2018; **25

Apr 2018

Economic Indicator

YoY(%) Current Year Ago

CPI

4.28%

(Mar-18)

3.89%

(Mar-17)

IIP

7.10%

(Feb-18)

0.80%

(Feb-17)

GDP

7.20%

(Dec-17)

6.80%

(Dec-16)

02 May 2018

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

8.50%

(Nov-17)

6.50%

(Sep-17)

Quarter Ago

Inflow/Outflow

579

-342

5.21%

(Dec-17)

• Strong buying interest in banking and technology stocks helped key

benchmark indices to close the session at a nearly three-month high.

Two industry majors in the financial sector posted encouraging quarterly

earnings. Gains on the global front following easing geopolitical concerns

in the Korean Peninsula boosted the indices further. Upside was

restricted by lower than expected quarterly earnings of an index

heavyweight’s subsidiary.

• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.55% and

0.44% to close at 35,160.36 and 10,739.35, respectively. S&P BSE Mid-

Cap and S&P BSE Small-Cap grew 0.56% and 0.89%.

• The overall market breadth on BSE was strong with 1,379 scrips

advancing and 1,279 scrips declining. A total of 149 scrips remained

unchanged.

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

1.50%, followed by S&P BSE Capital Goods that grew 1.48%. S&P BSE

Information Technology and S&P BSE FMCG grew 1.44% and 1.35%,

respectively. S&P BSE Energy was the major loser, down 1.99%, followed

by S&P BSE Oil & Gas that fell 1.08%.

• The Reserve Bank of India (RBI) eased norms for External Commercial

Borrowings (ECBs) by coming out with an all-in-cost ceiling. This all-in-

cost ceiling for ECBs was made uniform and fixed at 450 basis points

above the benchmark London Interbank Offer Rate (LIBOR). By this RBI

did away with the concept of different slabs for different maturities. The

central bank also liberalized the ECB framework by expanding the list of

eligible borrowers to housing-finance companies and port trusts and

they would not need approval from RBI. RBI also increased the liability-

to-equity ratio for ECB raised from direct foreign equity holder under the

automatic route to 7:1.

• According to the media reports, Indian e-commerce platforms need to

make preparations for withholding tax provisions in two months under

the Goods and Services Tax (GST). The provisions may come into effect

from Jul 1 as the GST regime seems to be stabilizing. The objective of the

move is to put a check on tax evasion.

• According to media reports, the ministry of commerce has asked the

Food Safety and Standards Authority of India and customs authorities to

bring down the import clearance time of food cargoes. The objective of

the move is to promote ease of doing business within the country at the

trade front. Presently, five to eight days are required to get import

clearance for a food consignment. The commerce ministry in this regard

has asked FSSAI and custom authorities to bring down the import

clearance time for a food consignment to 48 hours.

• HDFC Bank recorded rise in standalone net profit by 39% YoY to Rs.

2,846.22 crore in the quarter ended Mar 2018 as compared with Rs.

2,044.22 crore posted a year ago. The bank’s net interest income rose

12.4% YoY to Rs. 3,617 crore as compared with Rs. 3,216 crore in the

quarter ended Mar 2017.

• According to media reports, State Bank of India is in the process of a

major debt restructuring and taking over stressed assets of the power

generating firms. The bank thinks that an easy resolution process, proper

valuation and incentives might attract new owners for those assets.

• Global equity edged higher despite thin trading volume as majority of

the Asian markets remained closed on Labour Day holiday. Investors took

positive cues after U.S. President gave a 30-day extension of the deadline

on steel and aluminium tariff exemptions. Today (as of May 2), Asian

markets opened mixed following mixed close on Wall Street in the last

session. Decline in mining and oil sub-indexes led to losses. Hang seng

and Nikkei fell 0.39% and 0.24%, respectively (as at 8.a.m. IST).

• As per the last close, European markets ended slightly higher as most of

the markets remained closed with thin trading volume for the markets

that were open. Gains in one of the online food order company driven by

strong order growth in the first quarter boosted the indices.

• As per the last close, U.S markets ended on a mixed note as investors

remained cautious ahead of the monetary policy announcement by the

U.S. Fed on May 2. Gains in one of the U.S. tech majors ahead of its

earnings results boosted the indices. However, decline in one of the U.S.

pharma majors on weak sales in the first quarter capped the gains.

Markets for You

FII Derivative Trade Statistics 30-Apr

(Rs Cr) Buy

Sell Open Int.

Index Futures 2648.83 1979.72 12810.35

Index Options 59017.38 59161.39 55381.48

Stock Futures 11239.59 10130.87 78256.39

Stock Options 7697.16 7781.05 3052.25

Total 80602.96 79053.03 149500.47

30-Apr Prev_Day

Change

Put Call Ratio (OI) 1.53 1.52 0.01

Indian Debt Market

Put Call Ratio(Vol) 1.21 1.12 0.10

30-Apr Wk. Ago Mth. Ago

Year Ago

Call Rate Closed 5.90% 7.57% 6.03%

CBLO Closed 5.99% 6.24% 5.44%

Repo 6.00% 6.00% 6.00% 6.25%

Reverse Repo 5.75% 5.75% 5.75% 6.00%

91 Day T-Bill Closed 6.13% 6.11% 6.18%

364 Day T-Bill Closed 6.00% 6.47% 6.42%

10 Year Gilt Closed 7.74% 7.40% 6.96%

G-Sec Vol. (Rs.Cr) Closed 43122 61226 30634

Currency Market Update

FBIL MIBOR Closed 6.00% 9.39% 6.18%

3 Month CP Rate Closed 7.15% 7.40% 6.75%

5 Year Corp Bond Closed 8.44% 8.04% 7.48%

1 Month CD Rate Closed 6.58% 7.23% 6.16%

3 Month CD Rate Closed 6.69% 6.98% 6.37%

1 Year CD Rate Closed 7.45% 7.33% 6.69%

Commodity Market Update

Currency 30-Apr Prev_Day

Change

USD/INR Closed 66.78 Closed

GBP/INR Closed 92.89 Closed

EURO/INR Closed 80.74 Closed

International News

JPY/INR Closed 0.61 Closed

Commodity 01-May Wk Ago Mth. Ago

Year Ago

NYMEX Crude($/bl) 67.23 67.64 64.86 49.26

Brent Crude($/bl) 75.74 76.60 68.21 50.15

Gold( $/oz) 1304 1330 1324 1268

Gold(Rs./10 gm)* 31029 31131 30630 28887

Source: Thomson Reuters Eikon

*Value as on 30 Apr,2018

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

02 May 2018

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

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Derivative Statistics- Nifty Options

Disclaimer:

Derivatives Market

Debt Watch

Currency Market

Commodity Prices

• Nifty May 2018 Futures were at 10,780.30 points, a premium of 40.95

points, above the spot closing of 10,739.35. The turnover on NSE’s

Futures and Options segment went down to Rs. 4,32,407.89 crore on

Apr 30 from Rs. 4,96,948.05 crore on Apr 27.

• The Put-Call ratio stood at 1.07 against previous session’s close of

0.94.

• The Nifty Put-Call ratio stood at 1.53 against the previous session’s

close of 1.52.

• Open interest on Nifty Futures stood at 24.57 million as against the

previous session’s close of 24.12 million.

• The domestic debt market remained closed on account of Buddha

Pournima.

• The domestic currency market remained closed on account of Buddha

Pournima.

• The euro weakened against the greenback as market participants

perceived that the European Central Bank may go slow in tightening its

monetary stimulus program. Euro fell 0.38% and was trading at $1.2031,

down 0.38% from the previous close of 1.2077.

• Gold prices traded lower ahead of the outcome of a two-day U.S.

Federal Reserve policy meeting scheduled to conclude on May 2.

• Brent crude prices traded lower after U.S. crude oil production surged

2.60 lakh barrels per day to record high of 10.26 million barrels per day

in Feb 2018.

• According to a report by the National Association of Realtors, U.S.

pending home sales index rose less than expected by 0.4% to 107.6 in

Mar 2018 following a downwardly revised 107.2 in Feb 2018.

• According to data from Markit, U.K.’s manufacturing Purchasing

Managers' Index (PMI) fell to 53.9 in Apr 2018, slowest since Mar 2012,

from 54.9 in Mar 2018. The slowdown in U.K. manufacturing PMI limited

the possibility for a near-term rate hike by the Bank of England.

• According to preliminary data from Destatis, Germany’s consumer

price inflation rose 1.6% YoY in Apr 2018, similar to that of Mar 2018.

Markets for You

Thank you for

your time.