Mutual Fund News of 09 May 2019 – Reliance Mutual Fund

09May2019

MarketsforYou

https://www.reliancemutual.com

GlobalIndices

GlobalIndices 08‐May Prev_Day Abs.Change

%Change

DowJones 25,967 25,965 2 0.01

Nasdaq 7,943 7,964 ‐20 ‐0.26

FTSE 7,271 7,260 11 0.15

Nikkei 21,603 21,924 ‐321 ‐1.46

HangSeng 29,003 29,363 ‐360 ‐1.23

IndianIndices 08‐May Prev_Day Abs.Change

%Change

S&PBSESensex 37,789 38,277 ‐488 ‐1.27

Nifty50 11,359 11,498 ‐138 ‐1.20

Nifty100 11,471 11,610 ‐139 ‐1.20

NiftyBank 28,994 29,288 ‐294 ‐1.00

SGXNifty 11,408 11,510 ‐102 ‐0.89

S&PBSEPower 1,922 1,954 ‐32 ‐1.62

S&PBSESmallCap 14,129 14,302 ‐172 ‐1.21

S&PBSEHC 13,856 14,034 ‐177 ‐1.26

Date P/E Div.Yield P/E Div.Yield

8‐May 27.76 1.23 28.38 1.16

MonthAgo 27.96 1.14 28.96 1.14

YearAgo 23.48 1.15 26.60 1.20

Nifty50Top3Gainers

Company 08‐May Prev_Day

%Change

UnitedPhos 962 951 1.10

BPCL 380 379 0.25

TitanIndustriesLimited 1089 1087 0.20

Nifty50Top3Losers DomesticNews

Company 08‐May Prev_Day

%Change

ZeeEnte. 332 369 ‐10.17

RIL 1299 1344 ‐3.28

BajajFinance 2921 3017 ‐3.17

AdvanceDeclineRatio

BSE NSE

Advances 634 441

Declines 1857 1370

Unchanged 145 102

InstitutionalFlows(Equity)

Description(Cr) YTD

FIIFlows* 70793

MFFlows** ‐2490

May2019;**6

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)

09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

426

2811

2.11%

(Dec‐18)

• Indian equity markets’ bad run continued with indices falling steeply on

trade war worries. Relations between the U.S. and China seem to be going

downhill with the U.S. President commenting that tariffs will be increased

on $200 billion Chinese imports. Investors are now looking forward to the

two countries’ scheduled meeting on May 9 and 10, 2019.

• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 1.27% and

1.20%, respectively, to close at 37,789.13 and 11,359.45, respectively. S&P

BSE Mid‐Cap and S&P BSE Small Cap lost 0.96% and 1.21%, respectively.

• The overall market breadth on BSE was weak with 634 scrips advancing

and 1857 scrips declining. A total of 145 scrips remained unchanged.

• On the BSE sectoral front, all sectors lost. S&P BSE Energy was the major

loser, down 2.51%, followed by S&P BSE Realty and S&P BSE Power, down

2.13% and 1.62%, respectively. S&P BSE Utilities and S&P BSE Oil & Gas

lost 1.44% and 1.36%, respectively. S&P BSE Auto and S&P BSE Finance

lost 1.33% and 1.27%, respectively.

• According to the media reports, as a part of a new initiative by the

ministry of corporate affairs (MCA), all independent directors may have to

online facility. It will be in addition to the Directors Identification Number,

where a KYC process was undertaken recently. Meanwhile, MCA is

planning to bring in online training modules on various issues that are

dealt by these board members. These online training modules are being

prepared by Indian Institute of Corporate Affairs and the training through

electronic modules will be totally voluntary.

• According to the media reports, the tax department has stated that the

builders will have to refund goods and service tax (GST) paid by home

buyers in case they cancel the flat booked in FY19. Meanwhile, the

builders will be allowed to avail credit adjustment for such refunds. The

clarification comes as a part of the FAQ released by the Central Board of

Indirect Taxes and Customs on real estate sector.

• According to Federation of Automobile Dealers Associations (FADA),

retail sales of passenger vehicles (PV) fell 2% YoY to 2,42,457 units in Apr

2019 as against 2,47,278 units in Apr 2018. Two‐wheeler sales fell 9% YoY

to 12,85,470 units in Apr 2019 and commercial vehicle sales fell 16% YoY

to 63,360 units in the month under review.

• According to media reports, slum rehabilitation specialist Omkar

Realtors is carrying out discussion with L&T Realty to jointly develop a 4.5‐

acre prime sea‐facing plot in the tony Bandra suburb at a cost of Rs 4,500

crore.

• According to media reports, the loan exposure worth Rs 12,000 crore of

almost 55 green companies of IL&FS group might be settled by the end of

Jul 2019.

• According to media reports, the government has approved a proposal of

drug firm Lupin to take more time for completion of its project at Indore

special economic zone with proposed investment of Rs 205.69 crore.

• According to media reports, the Reserve bank of India has allowed banks

to treat exposure to IL&FS and its group entities as non‐performing assets

following the National Company Law Appellate Tribunal’s order allowing

the same.

• Asian equity markets were mostly lower as investors worried over the

deteriorating U.S.‐China trade relations. Also, China trade data came in

mixed. These two factors together accentuated fears of a global economic

slowdown. The two countries sit for another round of talks on May 9 and

10 under the shadow of U.S. President’s comments that tariffs will be

increased on Chinese imports worth $200 billion. Today (as of May 09),

Asian markets opened on a lower note as investors remained cautious

after U.S. President’s comments on the ongoing trade negotiations

between China and the U.S. Both Nikkei and Hang Seng were trading

lower 1.02% and 1.15%, respectively (as at 8 a.m. IST).

• As per the last close, European markets closed on a mixed note as

investors reacted positively to U.S. President’s comments that Chinese

officials would travel to Washington, aiming to work on a trade deal.

• As per the last close, U.S markets mostly fell on uncertainty ahead of a

crucial round of trade talks between the U.S. and China in the coming

days.

MarketsforYou

FIIDerivativeTradeStatistics 08‐May

(RsCr) Buy Sell OpenInt.

IndexFutures 2155.04 2619.28 21616.62

IndexOptions 185359.07 185369.50 58867.11

StockFutures 12250.15 12226.83 84718.88

StockOptions 4834.69 4770.38 5690.70

Total 204598.95 204985.99 170893.31

08‐May Prev_Day Change

PutCallRatio(OI) 1.04 1.14 ‐0.10

IndianDebtMarket

PutCallRatio(Vol) 0.69 0.84 ‐0.14

08‐May Wk.Ago Mth.Ago YearAgo

CallRate 5.96% 6.15% 5.98% 5.86%

T‐Repo 5.84% 6.01% 5.87% NA

Repo 6.00% 6.00% 6.00% 6.00%

ReverseRepo 5.75% 5.75% 5.75% 5.75%

91DayT‐Bill 6.43% 6.45% 6.18% 6.13%

364DayT‐Bill 6.50% 6.49% 6.30% 6.45%

10YearGilt 7.38% 7.41% 7.40% 7.58%

G‐SecVol.(Rs.Cr) 33174 22574 32708 46041

CurrencyMarketUpdate

FBILMIBOR* 6.05% 6.20% 6.04% 6.00%

3MonthCPRate 7.80% 7.50% 6.90% 7.75%

5YearCorpBond 8.46% 8.46% 8.44% 8.39%

1MonthCDRate 6.85% 7.36% 6.54% 6.67%

3MonthCDRate 7.06% 7.40% 6.58% 7.25%

1YearCDRate 7.54% 7.63% 7.05% 7.72%

CommodityMarketUpdate

Currency 08‐May Prev_Day Change

USD/INR 69.60 69.31 0.29

GBP/INR 90.90 90.97 ‐0.07

EURO/INR 78.01 77.70 0.31

InternationalNews

JPY/INR 0.63 0.63 0.01

Commodity 08‐May WkAgo Mth.Ago YearAgo

NYMEXCrude($/bl) 62.08 63.78 64.32 68.78

BrentCrude($/bl) 71.53 71.87 71.76 75.15

Gold($/oz) 1281 1283 1297 1314

Gold(Rs./10gm) 31776 31723 31930 31082

Source:ThomsonReutersEikon

*Asonprevioustradingday

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

09May2019

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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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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

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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

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DerivativeStatistics‐NiftyOptions



Disclaimer:

DerivativesMarket

DebtWatch

CurrencyMarket

CommodityPrices

• Nifty May 2019 Futures were at 11,418.60, a premium of 59.15 points,

above the spot closing of 11,359.45. The turnover on NSE’s Futures and

Options segment rose to Rs. 13,24,483.37 crore on May 8, 2019,

compared with Rs. 9,81,837.10 crore on May 7, 2019.

• The Put‐Call ratio stood at 0.81 compared with the previous session’s

close of 0.89.

• The Nifty Put‐Call ratio stood at 1.04 compared with the previous

session’s close of 1.14.

• Open interest on Nifty Futures stood at 20.44 million as against the

previous session’s close at 20.02 million.

• Bond yields remained steady amid lack of fresh domestic cues.

However, overall market sentiment is positive as crude oil prices

retreated to nearly $70 per barrel.

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

unchanged at 7.38% compared with the previous session’s close after

trading in a range of 7.37% to 7.39%.

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

Facility (LAF) stood at Rs. 6,031 crore (gross) on May 8, 2019, compared

with Rs. 4,551 crore (gross) as on May 7, 2019. Sale of securities under

Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 36,982

crore on May 7, 2019.

• Banks borrowed Rs. 600 crore under the central bank’s Marginal

Standing Facility on May 7, 2019 compared with no borrowings on May 6,

2019.

• The Indian rupee depreciated against the greenback on renewed

tension over U.S.‐China trade conflict. The rupee closed at 69.71 a dollar,

down 0.41% compared with the previous close of 69.43.

• The euro appreciated on greenback weakness over anticipation that the

U.S. Federal Reserve may resort to a rate cut following the economy’s

escalated trade tension with China. The euro was last seen trading at

1.1199, up 0.08% compared with the previous close of 1.1190.

• Gold prices surged on rising U.S.‐China trade conflict.

• Brent crude prices continued to fall on rising concerns over U.S.‐China

trade tension and decline in exports from China for Apr 2019. This

aggravated worries over global economic growth, which dampened the

demand outlook for the commodity.

• The U.S. Federal Reserve released a report showing U.S. consumer

credit rose by less than expected in the Mar 2019. The Fed said consumer

credit rose by $10.3 billion in Mar after climbing by an upwardly revised

$15.4 billion in Feb 2019. Non‐revolving credit such as student loans and

car loans climbed by $12.4 billion in Mar, matching the increase seen in

the previous month.

• Federal Statistical Office data showed Germany's industrial production

rose for a second straight month and at the fastest pace in three months

in Mar 2019. This defied expectation of a decline and raised hopes of a

strong economic performance in the first quarter. Industrial production

grew 0.5% monthly following a 0.4% increase in Feb 2019, which was

revised from 0.7%.

MarketsforYou

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your time.

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