23 May 2019
Markets for You
Global Indices
Global Indices 22-May Prev_Day Abs. Change
% Change
#
Dow Jones 25,777 25,877 -101 -0.39
Nasdaq 7,751 7,786 -35 -0.45
FTSE 7,334 7,329 5 0.07
Nikkei 21,283 21,272 11 0.05
Hang Seng 27,706 27,657 49 0.18
Indian Indices 22-May Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 39,110 38,970 140 0.36
Nifty 50 11,738 11,709 29 0.25
Nifty 100 11,811 11,786 25 0.21
Nifty Bank 30,527 30,308 218 0.72
SGX Nifty 11,769 11,740 29 0.24
S&P BSE Power 1,922 1,917 5 0.26
S&P BSE Small Cap 14,369 14,293 77 0.54
S&P BSE HC 13,290 13,260 30 0.23
Date P/E Div. Yield P/E Div. Yield
22-May 28.58 1.20 29.22 1.12
Month Ago 27.83 1.15 28.94 1.14
Year Ago 23.76 1.17 26.13 1.22
Nifty 50 Top 3 Gainers
Company 22-May Prev_Day
% Change
#
IndusInd Bank 1519 1448 4.91
Sun Pharma 421 409 3.02
BPCL 384 374 2.62
Nifty 50 Top 3 Losers Domestic News
Company 22-May Prev_Day
% Change
#
Tech Mahindra 750 773 -2.99
Indiabulls HFC 785 808 -2.87
Yes Bank 138 141 -2.45
Advance Decline Ratio
BSE NSE
Advances 1336 983
Declines 1193 818
Unchanged 178 114
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 65385
MF Flows** 3840
*22
nd
May 2019; **21
st
May 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
2.92%
(Apr-19)
4.58%
(Apr-18)
IIP
-0.10%
(Mar-19)
5.30%
(Mar-18)
GDP
6.60%
(Dec-18)
7.70%
(Dec-17)
23 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
2.50%
(Dec-18)
7.00%
(Sep-18)
Quarter Ago
Inflow/Outflow
-1060
1560
2.11%
(Dec-18)
• Indian equity markets ended in the green though the session was a
volatile one. Investors mostly remained on the side lines as they looked
forward to the May 23 election result and the release of May FOMC
meeting minutes, scheduled later in the day.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.36% and
0.25%, respectively, to close at 39,110.21 and 11,737.90, respectively. S&P
BSE Mid-Cap lost 0.16%, while S&P BSE Small Cap gained 0.54%.
• The overall market breadth on BSE was strong with 1336 scrips
advancing and 1193 scrips declining. A total of 178 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Bankex was the major gainer, up
0.89%, followed by S&P BSE Capital Goods and S&P BSE Industrials, up
0.87% and 0.82%, respectively. S&P BSE Oil and Gas and S&P BSE Finance
gained 0.67% and 0.65%, respectively. S&P BSE Fast Moving Consumer
Goods was the major loser, down 0.84%, followed by S&P BSE Consumer
Durables and S&P BSE Information Technology, down 0.64% and 0.61%,
respectively.
• The Reserve Bank of India (RBI) is not in favour of providing special
credit window to non-banking financial companies (NBFCs) to tide over
the liquidity crunch as the cash crunch phenomenon is not systemic,
according to media reports. Industry players and NITI Aayog had favoured
giving special credit window to NBFCs facing liquidity crunch following
default by an NBFC.
• The Central Board of Direct Taxes (CBDT) has proposed amendments to
the tax audit report for charitable trusts and institutions. The amendments
are towards additional details from assessees in the form of status of
registration under the Income Tax Act, compliance to conditions for
application and registration status under the Foreign Contribution
Regulation Act (FCRA), 2010, among others. The draft notification is in the
public domain and stakeholders have time till Jun 5, 2019, to submit their
views. The proposed changes will extend the audit form to 8 pages from 3
pages. The CBDT said it was revising the tax audit form “as the rule and
form were notified long ago, there is a need to rationalise them to align
with requirements of the present times”. The form was last revised 45
years ago.
• According to media reports, state-run electricity distribution companies’
(discoms) dues to power producers stood at Rs. 38,023 crore at the end of
2018-19, up 59.8% from a year earlier. The dues include those to
independent power producers (about 46% of the total) and state-run
utilities. The steep rise in dues comes at a time when generation units
with combined capacity of 40 gigawatts (GW) are stressed and the sector
is still grappling with the fall-out of several years of muted demand
growth. Private power producers are still waiting for payment of another
Rs. 6,865 crore from discoms.
Markets for You
• Asian equity markets were subdued as investors awaited the release of
U.S. Federal Reserve’s latest meeting minutes for future direction. The
Organization for Economic Co-operation and Development lowering 2019
global growth outlook amid escalating trade disputes hurt sentiment. This
overshadowed U.S. temporarily removing a ban on American businesses
working with a Chinese telecom multinational. Today (as of May 23), Asian
markets opened lower amid rising tensions between the U.S. and China
trade war. Both Nikkei and Hang Seng were trading down 0.71% and
0.72%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed mostly amid U.S.-China
trade war concerns and growing uncertainty about Brexit.
• As per the last close, U.S markets closed lower as investors continued to
worry the trade dispute between the U.S. and China is escalating into a
full-fledged trade war.
FII Derivative Trade Statistics 22-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 4654.81 4741.22 20929.61
Index Options 71849.38 71276.82 73373.60
Stock Futures 14597.50 15481.58 90623.42
Stock Options 6156.81 6268.28 8726.17
Total 97258.50 97767.90 193652.80
22-May Prev_Day
Change
Put Call Ratio (OI) 1.13 1.20 -0.07
Indian Debt Market
Put Call Ratio(Vol) 0.74 0.82 -0.07
22-May Wk. Ago Mth. Ago
Year Ago
Call Rate 5.94% 5.95% 6.15% 5.97%
T-Repo 5.96% 5.88% 6.08% NA
Repo 6.00% 6.00% 6.00% 6.00%
Reverse Repo 5.75% 5.75% 5.75% 5.75%
91 Day T-Bill 6.32% 6.40% 6.32% 6.30%
364 Day T-Bill 6.41% 6.43% 6.42% 6.82%
10 Year Gilt 7.26% 7.38% 7.47% 7.81%
G-Sec Vol. (Rs.Cr) 46036 35854 25783 23202
Currency Market Update
FBIL MIBOR* 6.05% 6.05% 6.10% 6.05%
3 Month CP Rate 7.15% 7.50% 7.50% 8.40%
5 Year Corp Bond 8.29% 8.45% 8.62% 8.60%
1 Month CD Rate 6.71% 6.82% 6.95% 6.82%
3 Month CD Rate 7.09% 7.16% 7.14% 7.70%
1 Year CD Rate 7.49% 7.52% 7.49% 8.17%
Commodity Market Update
Currency 21-May Prev_Day
Change
USD/INR 69.73 69.55 0.18
GBP/INR 88.62 88.54 0.08
EURO/INR 77.72 77.57 0.16
International News
JPY/INR 0.63 0.63 0.00
Commodity 22-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 61.37 61.98 65.61 72.04
Brent Crude($/bl) 72.93 74.08 70.45 81.41
Gold( $/oz) 1273 1296 1275 1291
Gold(Rs./10 gm) 31504 32243 31560 31065
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
23 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
Reliance Nippon Life Asset Management Company Limited (RNLAM) (formerly Reliance Capital Asset Management Limited) has not independently verified the accuracy or authenticity of such information
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
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 arising out of their own investigations. Before making any investments, the readers are advised to seek independent
professional 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 account of lost profits arising from the information
contained in this material.
Readers are requested to click here for ICRON disclaimer - http://www.icraonline.com/legal/standard-disclaimer.html
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
• Nifty May 2019 Futures were at 11,781.65, a premium of 43.75 points,
above the spot closing of 11,737.90. The turnover on NSE’s Futures and
Options segment increased to Rs. 5,27,886.13 crore on May 22, 2019,
compared with Rs. 5,32,797.36 crore on May 21, 2019.
• The Put-Call ratio stood at 0.83 compared with the previous session’s
close of 0.95.
• The Nifty Put-Call ratio stood at 1.13 compared with the previous
session’s close of 1.20.
• Open interest on Nifty Futures stood at 21.64 million as against the
previous session’s close at 20.20 million.
• Bond yields declined on optimism of a stable government following the
outcome of the country’s multi-phased general election, which is due on
May 23, 2019.
• Yield on the 10-year benchmark paper (7.26% GS 2029) declined 4 bps
to 7.26% compared with the previous close of 7.30% after trading in a
range of 7.25% to 7.31%.
• Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 6,741 crore (gross) on May 22, 2019, compared
with Rs. 8,016 crore (gross) as on May 21, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 10,246
crore on May 21, 2019.
• Banks did not borrow under the central bank’s Marginal Standing
Facility on May 21, 2019 compared with borrowings of Rs. 425 crore on
May 20, 2019.
• The Indian rupee appreciated against the dollar as the domestic equity
market strengthened ahead of the outcome of the country’s general
election. The current government is expected to continue for the second
term, thus reducing political uncertainty. The rupee closed at 69.66 a
dollar compared with the previous close of 69.71.
• The euro was nearly steady as market participants preferred to stay on
the sidelines ahead of the European parliamentary elections and
European Central Bank chief’s speech.
• Gold prices were nearly flat as market participants await the outcome
of the Federal Reserve meeting.
• Brent crude prices edged lower after American Petroleum Institute (API)
reported a surge of 2.4 million barrels in U.S. crude inventories in the
week ending May 17, 2019.
• Data from the National Association of Realtors showed that existing
home sales in the U.S. unexpectedly fell in Apr 2019. The existing home
sales fell 0.4% to an annual rate of 5.19 million in Apr 2019 after plunging
by 4.9% to a rate of 5.21 million in Mar 2019.
• Preliminary data from the European Commission showed that Eurozone
consumer confidence rose more-than-expected in May to its highest level
in seven months, after weakening in the previous month. The flash
consumer confidence index grew to -6.5 in May from -7.3 in April, which
was revised from -7.9.
Markets for You
Thank you for
your time.
