Global Indices
Global Indices 02-May Prev_Day Abs. Change
% Change
#
Dow Jones 26,308 26,430 -122 -0.46
Nasdaq 8,037 8,050 -13 -0.16
FTSE 7,351 7,385 -34 -0.46
Nikkei Closed 22,259 NA NA
Hang Seng 29,944 29,699 245 0.83
Indian Indices 02-May Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,981 39,032 -50 -0.13
Nifty 50 11,725 11,748 -23 -0.20
Nifty 100 11,846 11,874 -29 -0.24
Nifty Bank 29,709 29,765 -56 -0.19
SGX Nifty 11,753 11,811 -58 -0.49
S&P BSE Power 1,975 1,970 5 0.25
S&P BSE Small Cap 14,593 14,625 -31 -0.21
S&P BSE HC 14,252 14,367 -115 -0.80
Date P/E Div. Yield P/E Div. Yield
2-May 28.90 1.19 29.27 1.12
Month Ago 28.46 1.11 29.24 1.12
Year Ago 23.74 1.15 26.60 1.20
Nifty 50 Top 3 Gainers
Company 02-May Prev_Day
% Change
#
Yes Bank 174 168 3.42
Bharti Infratel 271 263 3.16
Power Grid 190 186 2.04
Nifty 50 Top 3 Losers Domestic News
Company 02-May Prev_Day
% Change
#
Zee Ente. 418 433 -3.27
Tata Motors 207 214 -3.27
HPCL 282 291 -3.19
Advance Decline Ratio
BSE NSE
Advances 1062 719
Declines 1457 1110
Unchanged 162 110
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 67058
MF Flows** -3783
*2
nd
May 2019; **26
th
Apr 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
2.86%
(Mar-19)
4.28%
(Mar-18)
IIP
0.10%
(Feb-19)
6.90%
(Feb-18)
GDP
6.60%
(Dec-18)
7.70%
(Dec-17)
03 May 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)
7.00%
(Sep-18)
Quarter Ago
Inflow/Outflow
823
-912
2.11%
(Dec-18)
• Indian equity markets ended flat once again as investors stayed on the
sidelines in a holiday-truncated 3-day week and thin trading in the Asian
region. May 1 was Labour Day and Apr 29 markets were closed because of
polls in Mumbai. Globally, too, major markets are closed, such as Japan is
on a 10-day (Apr 27 to May 6) holiday, China is on a 4-day Labour Day
national holiday, beginning May 1.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.13% and
0.20% to close at 38,981.43 and 11,724.75, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap lost 0.61% and 0.21%, respectively.
• The overall market breadth on BSE was weak with 1,073 scrips
advancing and 1,444 scrips declining. A total of 164 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Telecom was the major gainer, up
1.97%, followed by S&P BSE Energy, up 0.49%, and S&P BSE Capital Goods,
up 0.32%. S&P BSE Power and S&P BSE Finance gained 0.25% and 0.08%,
respectively. S&P BSE IT was the major loser, down 1.84%, followed by
S&P BSE Tack and S&P BSE Consumer Durables, down 1.49% and 0.95%,
respectively.
• The Nikkei India Manufacturing Purchasing Managers' Index (PMI) fell to
51.8 in Apr 2019 from 52.6 in Mar 2019. This marked eight-months low
amid softer increase in new orders. New business growth moderated at
the beginning of FY20 due to political uncertainty and a challenging
economic environment.
• Government data showed that the growth of eight core sectors grew
4.7% in Mar 2019 as against upwardly revised growth of 2.2% (2.1%
growth originally reported) in the previous month and 4.5% in the same
month of the previous year. The growth came due to 15.7% and 9.1%
surge in the cement and coal sector in the reported period as against
surge of 8% and 7.4% in the previous month. Steel grew 6.7% while
refinery and fertilizers each grew 4.3%. Only crude oil sector fell and
witnessed decline of 6.2%.
• The Goods and Services Tax (GST) collections in surged to Rs. 1,13,865
crore in Apr 2019, thereby marking the highest level since its roll out in
2017. The collections had hit a record high of Rs. 1.06 lakh crore in Mar
2019 as against Rs. 97,247 crore in Feb 2019 driven by high compliance
and increased number of returns. Out of collection of Rs. 1,13,865 crore in
Apr 2019, Central GST stood at Rs. 21,163 crore, and State GST and
Integrated GST came in at Rs. 28,801 crore and Rs. 54,733 crore,
respectively.
• According to oil ministry data, India’s natural gas consumption rose 1.5%
YoY in FY19 to 53.05 billion cubic metres (BCM) from 52.25 BCM in the
previous year period. As per the ministry, higher imported gas prices
limited the demand from the power sector and other industries. The oil
ministry stated that at this rate of demand growth, it would be difficult to
achieve the goal of raising the share of natural gas in its energy mix from
current 6% to 15% by 2030.
• According to the President of Asian Development Bank, India was the
biggest recipient of funds from the bank in 2018. This multilateral funding
institution had committed $3 billion in sovereign loans to India in 2018.
This marked the highest level of assistance since sovereign operations
began in the country in 1986.
• Asian equity markets were mixed as the U.S. Fed left interest rates
unchanged, as was expected. Investors kept their eyes on the latest
developments in the ongoing U.S.-China trade talks. Today (as of May 3),
Asian markets opened on a lower note following decline in Wall Street in
the last session. Investors remained focused on U.S. jobs data for Apr 2019
scheduled on May 3, 2019. Hangseng fell 0.71% (as at 8.a.m. IST). Nikkei
remained closed.
• As per the last close, European markets closed on a lower note on
eurozone's weak manufacturing data for Apr 2019 and comments from
the U.S. Fed last day that ruled out any interest rate cuts near-term. Bank
of England held interest rates steady at the monetary policy meeting.
Further, investors remained focused towards corporate earnings results.
• As per the last close, U.S markets closed on a lower note on continued
disappointment towards remarks by U.S. Fed’s Chairman indicating that
the central bank will not likely lower interest rates in the near term.
Further, investors remained cautious ahead of the monthly jobs report on
May 3, 2019.
Markets for You
FII Derivative Trade Statistics 02-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 2441.26 3920.54 22315.90
Index Options 237810.68 236758.70 51031.58
Stock Futures 14059.88 13894.78 84234.63
Stock Options 6022.17 6092.04 4053.71
Total 260333.99 260666.06 161635.82
02-May Prev_Day
Change
Put Call Ratio (OI) 1.49 1.39 0.10
Indian Debt Market
Put Call Ratio(Vol) 0.74 0.96 -0.22
02-May Wk. Ago Mth. Ago
Year Ago
Call Rate 6.06% 6.14% 6.19% 5.89%
T-Repo 5.90% 6.03% 6.22% NA
Repo 6.00% 6.00% 6.25% 6.00%
Reverse Repo 5.75% 5.75% 6.00% 5.75%
91 Day T-Bill 6.44% 6.39% 6.10% 6.23%
364 Day T-Bill 6.52% 6.51% 6.27% 6.57%
10 Year Gilt 7.39% 7.45% 7.27% 7.73%
G-Sec Vol. (Rs.Cr) 22988 31940 62265 14066
Currency Market Update
FBIL MIBOR* 6.20% 6.25% 8.80% 6.00%
3 Month CP Rate 7.70% 7.50% 7.55% 7.55%
5 Year Corp Bond 8.48% 8.56% 8.27% 8.42%
1 Month CD Rate 7.17% 7.02% 6.91% 6.67%
3 Month CD Rate 7.40% 7.19% 6.76% 7.06%
1 Year CD Rate 7.61% 7.50% 7.26% 7.87%
Commodity Market Update
Currency 02-May Prev_Day
Change
USD/INR 69.54 69.84 -0.29
GBP/INR 90.79 90.33 0.45
EURO/INR 77.88 78.08 -0.19
International News
JPY/INR 0.62 0.63 0.00
Commodity 02-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 61.70 65.18 62.48 67.86
Brent Crude($/bl) 70.70 74.63 70.27 74.03
Gold( $/oz) 1270 1277 1293 1304
Gold(Rs./10 gm) 31310 31794 31499 30918
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
03 May 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 May 2019 Futures were at 11,765.40, a premium of 40.65 points,
above the spot closing of 11,724.75. The turnover on NSE’s Futures and
Options segment rose to Rs. 22,14,495.54 crore on May 2, 2019, compared
with Rs. 11,84,030.49 crore on Apr 30, 2019.
• The Put-Call ratio stood at 0.82 compared with previous close of 0.80.
• The Nifty Put-Call ratio stood at 1.39 compared with previous close of
1.49.
• India VIX rose 5.19% to 22.9625 compared with 21.8275 at previous
trading session.
• Open interest on Nifty Futures stood at 19.63 million as against previous
close at 20.10 million.
• Bond yields eased on fall in crude oil prices. In addition, the central
bank’s security purchase under open market operation also aided the
bond market sentiment.
• Yield on the 10-year benchmark paper (7.26% GS 2029) declined 2 bps
at 7.39% compared with the previous session’s close of 7.41% after
trading in a range of 7.39% to 7.41%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 5,041 crore (gross) on May 2, 2019, compared
with Rs. 17,123 crore (gross) as on Apr 30, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 11,488
crore on Apr 30, 2019.
• RBI conducted auction of state development loans of six state
governments for notified amount of Rs. 4,900 crore.
• The India rupee appreciated against the greenback in anticipation of
inflow in the domestic market and dollar sales by foreign banks. The
rupee closed at 69.36 a dollar, up 0.29% compared with the previous
close of 69.56.
• The euro strengthened against the greenback following lower than
expected fall in German retail sales. The euro was last seen trading at
1.1203, up 0.08% compared with the previous close of 1.1194.
• Gold prices edged lower after U.S. Federal Reserve expressed little
interest in lowering interest rates in the near future.
• Brent crude prices declined after Energy Information Administration
reported significant rise in U.S. crude inventories with record high
production of 12.3 million barrels per day.
• The U.S. Federal Reserve left interest rates unchanged, as was widely
expected. The Fed maintained the target range for the federal funds rate
at 2.25 to 2.50% for the third consecutive meeting. The central bank said
information received since its previous meeting in Mar 2019 showed
economic activity rose at a solid rate.
• Bank of England figures showed U.K. mortgage approvals for house
purchase fell to its lowest level in over a year in Mar 2019 and consumer
credit growth was the weakest in nearly five-and-a-half years as the
original Brexit deadline approached.
Markets for You
