GlobalIndices 03‐May Prev_Day Abs.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
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
Company 03‐May Prev_Day
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
TCS 2132 2215 ‐3.76
TechMahindra 817 837 ‐2.34
AdaniPorts&SEZ 387 395 ‐2.04
Advances 1019 713
Declines 1497 1099
Unchanged 188 115
Description(Cr) YTD
FIIFlows* 67764
MFFlows** ‐3475
YoY(%) Current YearAgo
Sensex Nifty
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
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
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 $200 billion of Chinese goods. Both Nikkei and Hang Seng were trading
lower 0.22% and 2.59%, respectively (as at 8 a.m. IST).
As per the last close, European markets majorly went up following
upbeat U.S. nonfarm payroll data in Apr 2019. Investors also reacted
positively to earnings updates from banks. However, caution attained by
As per the last close, U.S markets rose on much better than forecasted
U.S. nonfarm payroll data in Apr 2019 released by the Labor Department.
Also unemployment rate fell to 3.6% in Apr 2019 from 3.8% in Mar 2019.
U.S. unemployment rate touched its lowest level since Dec 1969.
FIIDerivativeTradeStatistics 03‐May
(RsCr) Buy Sell OpenInt.
IndexFutures 3335.83 3852.05 21327.28
IndexOptions 355123.62 354846.54 51486.04
StockFutures 12718.90 12449.10 85010.15
StockOptions 4903.43 4805.23 4530.81
Total 376081.78 375952.92 162354.28
03‐May Prev_Day Change
PutCallRatio(OI) 1.49 1.39 0.11
PutCallRatio(Vol) 0.84 0.96 ‐0.12
03‐May Wk.Ago Mth.Ago YearAgo
CallRate 6.03% 6.12% 6.20% 5.91%
T‐Repo 5.83% 6.01% 6.13% NA
Repo 6.00% 6.00% 6.25% 6.00%
ReverseRepo 5.75% 5.75% 6.00% 5.75%
91DayT‐Bill 6.44% 6.37% 6.23% 6.23%
364DayT‐Bill 6.51% 6.46% 6.31% 6.58%
10YearGilt 7.39% 7.41% 7.27% 7.73%
G‐SecVol.(Rs.Cr) 29579 35362 54457 21113
FBILMIBOR 6.18% 6.20% 6.25% 6.00%
3MonthCPRate 7.70% 7.50% 6.80% 7.60%
5YearCorpBond 8.48% 8.52% 8.30% 8.43%
1MonthCDRate 7.03% 7.22% 6.77% 6.64%
3MonthCDRate 7.23% 7.11% 6.74% 7.12%
1YearCDRate 7.64% 7.47% 7.19% 7.84%
Currency 03‐May Prev_Day Change
USD/INR 69.27 69.54 ‐0.27
GBP/INR 90.24 90.79 ‐0.55
EURO/INR 77.34 77.88 ‐0.55
JPY/INR 0.62 0.62 0.00
Commodity 03‐May WkAgo Mth.Ago YearAgo
NYMEXCrude($/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
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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.
Thank you for
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