14May2018
MarketsforYou
GlobalIndices
GlobalIndices 11‐May Prev_Day Abs.Change
%Change
#
DowJones 24,831 24,740 92 0.37
Nasdaq 7,403 7,405 ‐2 ‐0.03
FTSE 7,725 7,701 24 0.31
Nikkei 22,758 22,497 261 1.16
HangSeng 31,122 30,809 313 1.02
IndianIndices 11 ‐May Prev_Day Abs.Change
%Change
#
S&PBSESensex 35,536 35,246 290 0.82
Nifty50 10,807 10,717 90 0.84
Nifty100 11,132 11,053 79 0.72
NiftyBank 26,413 26,131 282 1.08
SGXNifty 10,827 10,745 82 0.76
S&PBSEPower 2 ,151 2,159 ‐8 ‐0.39
S&PBSESmallCap 17,818 17,840 ‐21 ‐0.12
S&PBSEHC 13,370 13,474 ‐105 ‐0.78
Date P/E Div.Yield P/E Div.Yield
11‐May 23.62 1.14 26.82 1.19
MonthAgo 23.37 1.15 25.86 1.23
YearAgo 23.08 1.32 23.93 1.22
Nifty50Top3Gainers
Company 11‐May Prev_Day
%Change
#
AsianPaints 1286 1218 5.65
HPCL 319 308 3.52
AurobindoPharma 611 594 2.87
Nifty50Top3Losers DomesticNews
Company 11‐May Prev_Day
%Change
#
BhartiAirtel 387 412 ‐6.19
SunPharma 472 497 ‐5.06
AmbujaCem 217 220 ‐1.32
AdvanceDeclineRatio
BSE NSE
Advances 1108 709
Declines 1555 1083
Unchanged 142 71
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* 4816
MFFlows** 49757
*11
th
May2018;**10
th
May2018
EconomicIndicator
YoY(%) Current YearAgo
CPI
4.28%
(Mar‐18)
3.89%
(Mar‐17)
IIP
4.40%
(Mar‐18)
4.10%
(Mar‐17)
GDP
7.20%
(Dec‐17)
6.80%
(Dec‐16)
14May2018
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
7.10%
(Dec‐17)
6.50%
(Sep‐17)
QuarterAgo
Inflow/Outflow
660
‐171
5.21%
(Dec‐17)
• India’s Index of Industrial Production (IIP), marked a five‐month low,
grew 4.4% in Mar 2018 as against downwardly revised growth of 7.0%
(7.1% originally reported) in Feb 2018. It re mained unchanged YoY. The
manufacturing sector surged 4.4% in Mar from 3.3% growth YoY.
However, IIP growth for the Apr 2017‐Mar 2018 period slowed to 4.3%
from 4.6% in the same period of the previous fiscal.
• According to media reports, government has revised the ordinance for
making c hanges to the Insolvency and Bankruptcy Code (IBC). T he revised
note is ex p ected to restrict the wide exemption that was proposed earlier
for micro, small and medium enterprises (MSMEs) under the provisions of
Section 29A, that disqualifies certain persons from b idding for an
insolvent comp any. It shall now allow promoters who were earlier
disqualified to submit resolution plan and participate in the bidding.
However, along with certain other criteria, keeping the essence of the
ordinance intact, the promoters should be released from imprisonment
six years before the date of submission of a resolution plan.
• According to the CEO of National Housing Bank (NHB), easy access to
institutional financing, and higher limit on external commercial
borrowings (ECB) will attract more investments and sustainable growth in
affordable housing section in India. Also, the foreign direct investment
(FDI) and foreign institutional investors (FIIs) will play a key role in
boosting supply of houses and infra p rojects in urban areas.
• Tata Motors reported growth i n global sales by 38.81% to 1,02,297
units in Apr 2018 as against 73,691 units in Apr 2017. The increase came
as the company’s commercial vehicle sales doubled in Apr 2018 f rom an
year ago.
• Nestle India announced rise in profit by 36% to Rs. 424.03 crore in the
quarter ended Mar 2018 f rom Rs. 311.83 crore profit recorded in Mar
2017. Company’s revenue from operations rose to Rs. 2,757.24 crore
from Rs. 2,601.46 crore in quarter ended Mar 2017.
MarketsforYou
• Asian markets largely remained positive, barring Chinese markets. The
tepid U.S. inflation data eased worries regarding faster pace of interest
rate hike by U.S. Fed. Easing geopolitical concerns further contributed to
the upside after U.S. President said that he was optimistic of making
meaningful endeavour to curtail North Korea's nuclear ambitions at an
upcoming s ummit in Singapore on June 12. Today ( as of May 14), Asian
markets opened o n a mixed note following similar movement on the Wall
Street overnight. Hang Seng and Nikkei grew 1.12% and 0.08% (as at
8.a.m. IST), respectively.
• As per the last close, European markets witnessed a mixed performance
amid f all in U.S. dollar in dex from its 2018 peak and fall in global crude oil
prices from recent highs.
• As per the last close, U.S markets ended on a mixed note. Market
opened on a positive note mirroring the momentum seen in the previous
two session but gain e rased as market p articipants seemed c autious
about continuous rise in stock prices.
• Positive cues from Asian peers drove the gains for the Indian equity
markets. Slightly less than ex pected U.S. inflation data for Apr 2018
lowered the pressure of rate hike at a faster pace by the U.S. Federal
Reserve, thereby leading to gains in Asian markets. However, investors
remained cautious ahead of key inflation data due next week and
Karnataka election results on May 12, thereby capping the gains.
• Key benchmark i ndices, S&P BSE Sensex and Nifty 50 grew 0 .82% and
0.84% to close at 35,535.79 and 10,806.50, respectively. S&P BSE Mid‐
Capgrew0.40%andS&PBSESmall‐Cap fell 0.12%.
• The overall market breadth on BSE was weak with 1,555 scrips declining
and 1,108 scrips advancing. A total of 142 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Telecom was the major loser, down
4.25%, followed by S&P BSE Consumer Durables that fell 1.19%. S&P BSE
Healthcare and S&P BSE Realty fell 0.78% and 0.60%, respectively. S&P
BSE Metal was the major gainer, up 1.56% followed by S&P BSE Bankex
that grew 1.13%. S&P BSE Oil & Gas and S&P BSE Capital Goods grew
1.07% and 1.00%, respectively.
FIIDerivativeTradeStatistics 11‐May
(RsCr) Buy Sell OpenInt.
IndexFutures 1561.03 1450.50 15446.22
IndexOptions 71988.18 68875.18 66453.08
StockFutures 8560.05 8877.84 82791.02
StockOptions 5615.12 5653.94 8254.54
Total 87724.38 84857.46 172944.86
11‐May Prev_Day Change
PutCallRatio(OI) 1.66 1.57 0.09
IndianDebtMarket
PutCallRatio(Vol) 1.24 1.05 0.19
11‐May Wk.Ago Mth.Ago YearAgo
CallRate 5.92% 5. 92% 5.87% 6.02%
CBLO 5.36% 5. 93% 5.86% 6.04%
Repo 6.00% 6. 00% 6.00% 6.25%
ReverseRepo 5.75% 5.75% 5.75% 6.00%
91DayT‐Bill 6.25% 6.23% 6.07% 6.27%
364DayT‐Bill 6.66% 6.60% 6.41% 6.46%
10YearGilt 7.73% 7. 73% 7.54% 6.94%
G‐SecVol.(Rs.Cr) 19290 14125 43870 26424
CurrencyMarketUpdate
FBILMIBOR 6.03% 6.00% 6.00% 6.25%
3MonthCPRate 7. 95% 7.65% 6.90% 6.78%
5YearCorpBond 8.51% 8.45% 8.17% 7.50%
1MonthCDRate 6.64% 6.62% 6.40% 6.23%
3MonthCDRate 7.45% 7.17% 6.69% 6.43%
1YearCDRate 7.94% 7.84% 7.33% 6.75%
CommodityMarketUpdate
Currency 11‐May Prev_Day Change
USD/INR 67.22 67.38 ‐0.16
GBP/INR 90.88 91.39 ‐0.51
EURO/INR 80.09 79.89 0.20
InternationalNews
JPY/INR 0.61 0.61 0.00
Commodity 11‐May WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 70.64 69.66 66.76 47.76
BrentCrude($/bl) 78.36 75.74 72.90 48.39
Gold($/oz) 1318 1315 1353 1224
Gold(Rs./10gm) 31379 31003 31023 27970
Source:ThomsonReutersEikon
MutualFundInvestmentsaresubjecttomarketrisks,readallschemerelateddocumentscarefully.
14May2018
The information herein is meant only for general reading purposes and contains all factual and statistical information pertaining to Industry and markets which have be en 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 a ccuracy or authenticity of
such info rmation or data, or for that matter the reasonableness of the assumptions upon which such data and information has b een processed or arrive data; RNLAM does not in any manne r assures
the accuracy or authenticity of such data and information. Some of t he statements & assertions contained in these materials may reflect RNLAM’s views or opinions, which in turn may have b een
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 a rising out of their own investigations. Before making any investments, the
readers are advised to seek independent pr ofessional 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
accountoflostprofitsarisingfromtheinformationcontainedinthismaterial.
ReadersarerequestedtoclickhereforICRONdisclaimer‐http://www.icraonline.com/legal/standard‐disclaimer.html
DerivativeStatistics‐NiftyOptions
Disclaimer:
DerivativesMarket
DebtWatch
CurrencyMarket
CommodityPrices
• Bond yields rose following lack of demand in auction for the third
consecutive week leading to devolvement of short‐tenure bonds.
• Yield on the 10‐year benchmark paper (7.17% GS 2028) increased 1 bps
to close at 7.73% from the previous close of 7.72%. During the session,
bond yields traded in the range of 7.70% and 7.76%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 7,231 crore (gross) on May 11 compared with
Rs. 5,608 crore on May 10. Sale of securities under Reserve Bank of
India’s (RBI) reverse repo window stood at Rs. 11,780 crore on May 10.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on May 9 and May 10.
• RBI conducted the auction of 14‐day variable rate repo auction for a
notified amount o f Rs. 22,500 crore for which Rs. 10,112 crore was
accepted at a cut‐off rate of 6.01%.
• A report from the Labor Department showed that U.S. consumer price
index grew 0.2% in Apr 2018 as against a decline of 0.1% i n Mar 2018.
The slight rise in consumer prices was partly due to surge i n energy
prices that grew 1.4% in Apr as against a decline of 2.8% in Mar. Core
consumer prices (excluding food and energy prices) edged up 0.1% in Apr
as against a gain of 0.2% in Mar.
• A report from the People's Bank of China showed that the bank lended
CNY 1.18 trillion loans in Apr 2018 as against CNY 1.12 trillion in Mar
2018. Aggregate fi nancing came in at CNY 1 .56 trillion. M2 grew 8.3%,
lower than market expectation of growth of 8.5%.
MarketsforYou
• Nifty May 2018 Futures were at 10820.10 points, a premium of 13.60
points, above the spot closing of 10,806.50. The turnover on NSE’s
Futures and Options segment went down to Rs. 3,87,111.61 crore o n May
11 from Rs. 11,46,073.95 crore on May 10.
•ThePut‐Call ratio stood at 0.89 against previous session’s close of 1.09.
• The Nifty Put‐Call ratio stood at 1.66 against the previous session’s
close of 1.57.
• India VIX moved down 2.65% to 14.0425 from 14. 4550 i n the previous
trading session.
• Open interest on Nifty Futures stood at 26.13 million as against the
previous session’s close of 25.07 million.
• The Indian rupee changed little against the U.S. dollar as initial rise was
neutralized due to greenback purchases by several state‐run banks, likel
y
on behalf of importer clients. Rupee fell 0.03% to close at 67.33 per dolla
r
from the previous close of 67.31 at previous close.
• Eur o rose against the U.S. dollar for the second consecutive day as
market participants booked profits on greenback after its recent rise.
Euro was trading at $1.1938 compared with its previous close of $1.1913.
• Gold prices gained following concerns of the U.S. Federal Reserve’s rate
hike decision after the U.S. CPI data for Apr came lower‐than‐expected.
• Brent Crude prices remained at elevated level on concerns over global
oil supplies following U.S. sanctions on Iran.
Thank you for
your time.