Markets For You of 06 May 2019 – Nippon India Mutual Fund

06May2019

MarketsforYou

https://www.reliancemutual.com

GlobalIndices

GlobalIndices 03‐May Prev_Day Abs.Change

%Change

DowJones 26,505 26,308 197 0.75

Nasdaq 8,164 8,037 127 1.58

FTSE 7,381 7,351 29 0.40

Nikkei Closed Closed NA NA

HangSeng 30,082 29,944 137 0.46

IndianIndices 03‐May Prev_Day Abs.Change

%Change

S&PBSESensex 38,963 38,981 ‐18 ‐0.05

Nifty50 11,712 11,725 ‐13 ‐0.11

Nifty100 11,828 11,846 ‐18 ‐0.15

NiftyBank 29,954 29,709 246 0.83

SGXNifty 11,798 11,753 45 0.38

S&PBSEPower 1,987 1,975 13 0.65

S&PBSESmallCap 14,548 14,593 ‐45 ‐0.31

S&PBSEHC 14,153 14,252 ‐99 ‐0.70

Date P/E Div.Yield P/E Div.Yield

3‐May 28.86 1.18 29.24 1.12

MonthAgo 28.58 1.11 29.06 1.13

YearAgo 23.74 1.15 26.51 1.20

Nifty50Top3Gainers

Company 03‐May Prev_Day

%Change

IndiabullsHFC 706 680 3.83

BhartiAirtel 331 324 2.24

NTPC 135 133 1.77

Nifty50Top3Losers DomesticNews

Company 03‐May Prev_Day

%Change

TCS 2132 2215 ‐3.76

TechMahindra 817 837 ‐2.34

AdaniPorts&SEZ 387 395 ‐2.04

AdvanceDeclineRatio

BSE NSE

Advances 1019 713

Declines 1497 1099

Unchanged 188 115

InstitutionalFlows(Equity)

Description(Cr) YTD

FIIFlows* 67764

MFFlows** ‐3475

May2019;**2

May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)

06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

‐813

545

2.11%

(Dec‐18)

• Indian equity markets closed flat as investors stayed on the sidelines in a

holiday‐truncated 3‐day week and thin trading in the Asian region. Japan

and China markets are closed. Investors looked forward to the release of

U.S. jobs data, due to be released later in the day.

• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.05% and

0.11%, respectively, to close at 38,963.26 and 11,712.25, respectively. S&P

BSE Mid‐Cap and S&P BSE Small Cap lost 0.10% and 0.31%, respectively.

• The overall market breadth on BSE was weak with 1,019 scrips

advancing and 1,497 scrips declining. A total of 188 scrips remained

unchanged.

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

1.56%, followed by S&P BSE Telecom and S&P BSE Bankex, up 1.17% and

0.92%, respectively. S&P BSE auto and S&P BSE Power were up 0.66% and

0.65%, respectively. S&P BSE Information Technology was the major loser,

down 1.91%, followed by S&P BSE Teck and S&P BSE FMCG, down 1.52%

and 0.98%, respectively.

• According to the Indian Sugar Mills Association (ISMA), sugar output in

India has reached 32.11 million tonnes between Oct 2018 and Apr 2019.

Meanwhile, as on Apr 30, 2019, only 100 mills were in operation. Sugar

output during marketing year 2017‐18 was a record 32.5 million tonnes.

During Oct 2018‐Apr 2019, country's top three sugar producing states,

Uttar Pradesh, Maharashtra and Karnataka have produced 11.26 million

tonnes, 10.7 million tonnes and 4.32 million tonnes, respectively.

• According to media reports, the number of taxpayers filing income‐tax e‐

returns fell marginally in FY19. In FY19, 6.68 crore returns were filed

online, down 1% as against 6.74 crore filed in FY18.

• According to media reports, the Central government is taking into

consideration a sharp reduction in the import duty on gold from current

10% to 4%. This comes as a part of the discussion on the ‘integrated gold

policy’ under preparation. Central Board of Indirect Taxes and Customs is

taking care of the matter and an internal meeting was called by the

chairman of the board on May 2, 2019 for discussion on the reduction of

basic duty on precious metals.

• According to media reports, the government has once again extended its

deadline from May 2, 2019 to May 16, 2019 to impose retaliatory import

duties on 29 U.S. products. These products included almond, walnut and

pulses. The deadlines have been extended several times since Jun 2018.

The country had decided to levy these duties as against a move by the U.S.

to impose high customs duties on certain steel and aluminium products.

• According to Mar 2019’s monthly report by the finance ministry, India's

economy slowed down slightly in the FY19. The decline reflects fall in

growth in private consumption, slow increase in fixed investment and

muted exports. However, as per the report, Indian economy is the fastest

growing major economy and is expected to grow faster in the coming

years.

• Asian equity markets stayed mixed as oil prices fell, and investors

awaited the release of U.S. Labor Department's monthly jobs report. The

jobs data is crucial as it reflects the health of the economy. Today (as of

May 06), Asian markets opened on a weak note following a re‐escalation

in U.S.‐China trade tensions after the U.S. President increase tariffs rates

on $200 billion of Chinese goods. Both Nikkei and Hang Seng were trading

lower 0.22% and 2.59%, respectively (as at 8 a.m. IST).

• As per the last close, European markets majorly went up following

upbeat U.S. nonfarm payroll data in Apr 2019. Investors also reacted

positively to earnings updates from banks. However, caution attained by

investorsinothermarketsintheregionledtoamixedperformance.

• As per the last close, U.S markets rose on much better than forecasted

U.S. nonfarm payroll data in Apr 2019 released by the Labor Department.

Also unemployment rate fell to 3.6% in Apr 2019 from 3.8% in Mar 2019.

U.S. unemployment rate touched its lowest level since Dec 1969.

MarketsforYou

FIIDerivativeTradeStatistics 03‐May

(RsCr) Buy Sell OpenInt.

IndexFutures 3335.83 3852.05 21327.28

IndexOptions 355123.62 354846.54 51486.04

StockFutures 12718.90 12449.10 85010.15

StockOptions 4903.43 4805.23 4530.81

Total 376081.78 375952.92 162354.28

03‐May Prev_Day Change

PutCallRatio(OI) 1.49 1.39 0.11

IndianDebtMarket

PutCallRatio(Vol) 0.84 0.96 ‐0.12

03‐May Wk.Ago Mth.Ago YearAgo

CallRate 6.03% 6.12% 6.20% 5.91%

T‐Repo 5.83% 6.01% 6.13% 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% 6.37% 6.23% 6.23%

364DayT‐Bill 6.51% 6.46% 6.31% 6.58%

10YearGilt 7.39% 7.41% 7.27% 7.73%

G‐SecVol.(Rs.Cr) 29579 35362 54457 21113

CurrencyMarketUpdate

FBILMIBOR 6.18% 6.20% 6.25% 6.00%

3MonthCPRate 7.70% 7.50% 6.80% 7.60%

5YearCorpBond 8.48% 8.52% 8.30% 8.43%

1MonthCDRate 7.03% 7.22% 6.77% 6.64%

3MonthCDRate 7.23% 7.11% 6.74% 7.12%

1YearCDRate 7.64% 7.47% 7.19% 7.84%

CommodityMarketUpdate

Currency 03‐May Prev_Day Change

USD/INR 69.27 69.54 ‐0.27

GBP/INR 90.24 90.79 ‐0.55

EURO/INR 77.34 77.88 ‐0.55

InternationalNews

JPY/INR 0.62 0.62 0.00

Commodity 03‐May WkAgo Mth.Ago YearAgo

NYMEXCrude($/bl) 61.93 63.24 62.41 68.40

BrentCrude($/bl) 72.09 70.72 69.80 74.44

Gold($/oz) 1279 1286 1290 1311

Gold(Rs./10gm) 31220 31764 31454 30905

Source:ThomsonReutersEikon

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

06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

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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

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DerivativeStatistics‐NiftyOptions



Disclaimer:

DerivativesMarket

DebtWatch

CurrencyMarket

CommodityPrices

• Nifty May 2019 Futures were at 11,764.30, a premium of 52.05 points,

above the spot closing of 11,712.25. The turnover on NSE’s Futures and

Options segment declined to Rs. 6,44,850.26 crore on May 3, 2019,

compared with Rs. 22,14,495.54 crore on May 2, 2019.

• The Put‐Call ratio stood at 0.80 compared with the previous session’s

close of 0.82.

• The Nifty Put‐Call ratio stood at 1.49 compared with the previous

session’s close of 1.39.

• Open interest on Nifty Futures stood at 19.74 million as against the

previous session’s close at 19.63 million.

• Bond yields remained unchanged on the back of the central bank’s

security purchase under open market operation. However, the overall

market sentiment is dull due to lack of clarity on the quantum of OMO

purchases and the volatility in oil prices.

• Yield on the 10‐year benchmark paper (7.26% GS 2029) remained

unchanged at 7.39% compared with the previous session’s close after

trading in a range of 7.38% to 7.39%.

• Banks’ borrowings under the repo window of the Liquidity Adjustment

Facility (LAF) stood at Rs. 4,421 crore (gross) on May 3, 2019, compared

with Rs. 5,041 crore (gross) as on May 2, 2019. Sale of securities under

Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 22,455

crore on May 2, 2019.

• RBI conducted auction of 14‐day variable rate repo for notified amount

of Rs. 24,500 crore, of which Rs. 12,365 crore was allotted at cut‐off rate

of 6.01%.

• The Indian rupee appreciated against the greenback due to foreign fund

inflows in the local equity market. The rupee closed at 69.22 a dollar, up

0.21% compared with the previous close of 69.36.

• The euro lost its upward momentum due to political instability and

concerns over economic slowdown with the release of feeble eurozone

manufacturing activity data for Apr 2019. The euro was last seen trading

at 1.1151, down 0.22% compared with the previous close of 1.1176.

• Gold prices were marginally down after U.S. Federal Reserve expressed

little interest in cutting interest rates soon.

• Brent crude prices moved up on expected supply shortage owing to U.S.

sanction against oil exports from Iran and Venezuela.

• According to the Labor Department, first‐time claims for U.S.

unemployment benefits were unchanged in the week ended Apr 27,

2019. The report said initial jobless claims came in at 230,000, unchanged

from the previous week's unrevised level of 230,000. Expectations were

for jobless claims to dip.

• IHS Markit data showed U.K. services sector expanded in Apr 2019,

after contracting in the previous month, even as demand remained

subdued. The IHS Markit/CIPS UK Services Purchasing Managers' Index, or

PMI, climbed to 50.4 from Mar's 32‐month low of 48.9.

MarketsforYou

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