GlobalIndices 08‐May Prev_Day Abs.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
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
Company 08‐May Prev_Day
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
ZeeEnte. 332 369 ‐10.17
RIL 1299 1344 ‐3.28
BajajFinance 2921 3017 ‐3.17
Advances 634 441
Declines 1857 1370
Unchanged 145 102
Description(Cr) YTD
FIIFlows* 70793
MFFlows** ‐2490
YoY(%) Current YearAgo
Sensex Nifty
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
register. The registration is proposed to be made compulsory through an
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
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 $200 billion. Today (as of May 09),
Asian markets opened on a lower note as investors remained cautious
after U.S. President’s comments on the ongoing trade negotiations
between China and the U.S. Both Nikkei and Hang Seng were trading
lower 1.02% and 1.15%, respectively (as at 8 a.m. IST).
As per the last close, European markets closed on a mixed note as
investors reacted positively to U.S. President’s comments that Chinese
officials would travel to Washington, aiming to work on a trade deal.
As per the last close, U.S markets mostly fell on uncertainty ahead of a
crucial round of trade talks between the U.S. and China in the coming
FIIDerivativeTradeStatistics 08‐May
(RsCr) Buy Sell OpenInt.
IndexFutures 2155.04 2619.28 21616.62
IndexOptions 185359.07 185369.50 58867.11
StockFutures 12250.15 12226.83 84718.88
StockOptions 4834.69 4770.38 5690.70
Total 204598.95 204985.99 170893.31
08‐May Prev_Day Change
PutCallRatio(OI) 1.04 1.14 ‐0.10
PutCallRatio(Vol) 0.69 0.84 ‐0.14
08‐May Wk.Ago Mth.Ago YearAgo
CallRate 5.96% 6.15% 5.98% 5.86%
T‐Repo 5.84% 6.01% 5.87% NA
Repo 6.00% 6.00% 6.00% 6.00%
ReverseRepo 5.75% 5.75% 5.75% 5.75%
91DayT‐Bill 6.43% 6.45% 6.18% 6.13%
364DayT‐Bill 6.50% 6.49% 6.30% 6.45%
10YearGilt 7.38% 7.41% 7.40% 7.58%
G‐SecVol.(Rs.Cr) 33174 22574 32708 46041
FBILMIBOR* 6.05% 6.20% 6.04% 6.00%
3MonthCPRate 7.80% 7.50% 6.90% 7.75%
5YearCorpBond 8.46% 8.46% 8.44% 8.39%
1MonthCDRate 6.85% 7.36% 6.54% 6.67%
3MonthCDRate 7.06% 7.40% 6.58% 7.25%
1YearCDRate 7.54% 7.63% 7.05% 7.72%
Currency 08‐May Prev_Day Change
USD/INR 69.60 69.31 0.29
GBP/INR 90.90 90.97 ‐0.07
EURO/INR 78.01 77.70 0.31
JPY/INR 0.63 0.63 0.01
Commodity 08‐May WkAgo Mth.Ago YearAgo
NYMEXCrude($/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
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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,
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%.
Thank you for
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