GlobalIndices 24‐May Prev_Day Abs.Change
DowJones 25,586 25,490 95 0.37
Nasdaq 7,637 7,628 9 0.11
FTSE 7,278 7,231 47 0.65
Nikkei 21,117 21,151 ‐34 ‐0.16
HangSeng 27,354 27,267 87 0.32
IndianIndices 24‐May Prev_Day Abs.Change
S&PBSESensex 39,435 38,811 623 1.61
Nifty50 11,844 11,657 187 1.60
Nifty100 11,945 11,746 199 1.70
NiftyBank 31,213 30,409 803 2.64
SGXNifty 11,866 11,685 181 1.54
S&PBSEPower 1,961 1,931 30 1.57
S&PBSESmallCap 14,700 14,353 347 2.42
S&PBSEHC 13,396 13,236 160 1.21
Date P/E Div.Yield P/E Div.Yield
24‐May 28.91 1.20 29.44 1.11
MonthAgo 27.91 1.18 29.27 1.12
YearAgo 22.48 1.18 26.07 1.22
Company 24‐May Prev_Day
ICICIBank 432 411 5.09
L&TLtd. 1544 1476 4.61
ZeeEnte. 377 360 4.55
Nifty50Top3Losers DomesticNews
Company 24‐May Prev_Day
TechMahindra 736 743 ‐1.00
NTPC 129 130 ‐0.54
TCS 2048 2054 ‐0.29
Advances 1833 1449
Declines 699 362
Unchanged 148 107
Description(Cr) YTD
FIIFlows* 66084
MFFlows** 4001
YoY(%) Current YearAgo
Sensex Nifty
Indian equity markets ended the week at record closing highs. A stable
government at the centre that will continue with the previous reforms
continues to bolster investor sentiment. Also, investors are expecting that
the new government will execute structural reforms to reverse economic
slowdown and create more jobs for the youth.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 1.61% and
1.60%, respectively, to close at 39,434.72 and 11,844.10, respectively. S&P
BSE Mid‐Cap and S&P BSE Small Cap gained 2.01% and 2.42%,
The overall market breadth on BSE was strong with 1833 scrips
advancing and 699 scrips declining. A total of 148 scrips remained
On the BSE sectoral front, all the sectors gained. S&P BSE Realty was the
major gainer, up 4.18%, followed by S&P BSE Capital Goods and S&P BSE
Industrials, up 3.98% and 3.56%, respectively. S&P BSE Telecom and S&P
BSE Auto gained 3.56% and 2.94%, respectively. S&P BSE Basic Materials
and S&P BSE Metal gained 2.88% each.
A prominent global rating agency has said that a stable government at
the centre is likely to improve business sentiment and outlook for private
investment. The agency said that from a credit rating perspective, it would
focus on the extent of the next government’s efforts to improve India’s
weak fiscal finances. Although it expects fiscal deficit to remain
manageable in the next few years, it has seen “little indication” so far that
the government will pursue significant deficit reduction of the order
needed to meet the general government debt ceiling of 60% of GDP by
Mar 2025 as mandated by the FRBM Act. The global rating agency said it
expect the government to remain reform minded.
The Goods and Services Network (GSTN), which is the IT support for GST,
has launched the prototype for the new and simplified return filing
system. The system is aimed at familiarising businesses with the new
processes before the eventual roll‐out. However, the prototype launch is
already delayed as the original plan was to introduce a pilot on Apr 1,
2019, followed by the new system on Jul 1, 2019. Experts said that it is
unlikely that new system would be introduced on Jul 1 as businesses have
been given deadline for filing audit reports by Jun 30.
According to media reports, the government is looking at options to
“insulate” state‐run electricity distribution companies (discoms) fromthe
risk of delayed payments from bulk consumers such as local bodies and
state government departments. Discoms have missed key targets of the
UDAY scheme Power. The reports said that “these receivables of discoms
are almost one and a half times their outstanding payables to generating
companies”. Discoms’ dues to power producers stood at Rs. 38,023 crore
at the end of FY19, up 59.8% from a year earlier, and 65% of these were
“over‐dues” with a payment default of 60 days or more.
Asian equity markets were mixed amid persistent worries about U.S.‐
China trade dispute. Though the U.S. President said Washington's
complaints against a Chinese tech giant might be resolved within the U.S.‐
China trade deal, he called the company "very dangerous". Today (as of
May 27), Asian markets opened on a mixed note as investors tracked
results from the European parliamentary election. While Nikkei was
trading higher 0.17%, Hang Seng was down 0.29% (as at 8 a.m. IST).
As per the last close, European markets rose on positive comments by
the U.S. President to end the U.S.‐China trade conflict, which lifted
investor’s confidence. Meanwhile, market participants also kept a close
eye on Brexit developments after U.K. Prime Minister announced to resign
on Jun 7 following the backlash against her new Brexit deal.
As per the last close, U.S markets went up on easing trade concerns as
the U.S. President Donald said he remains hopeful of a U.S.‐China trade
deal. He said to meet with Chinese President at the G20 summit next
month. Bargain buying also contributed to the upside following last
Thursday's steep losses.
FIIDerivativeTradeStatistics 24‐May
(RsCr) Buy Sell OpenInt.
IndexFutures 10183.71 11597.34 22991.56
IndexOptions 434126.09 427703.86 72287.17
StockFutures 20924.55 21296.91 90958.82
StockOptions 14203.46 14069.70 8633.51
Total 479437.81 474667.81 194871.06
24‐May Prev_Day Change
PutCallRatio(OI) 1.23 0.85 0.39
PutCallRatio(Vol) 0.78 0.80 ‐0.02
24‐May Wk.Ago Mth.Ago YearAgo
CallRate 5.88% 5.99% 6.19% 5.92%
T‐Repo 5.92% 5.95% 6.01% NA
Repo 6.00% 6.00% 6.00% 6.00%
ReverseRepo 5.75% 5.75% 5.75% 5.75%
91DayT‐Bill 6.21% 6.32% 6.38% 6.20%
364DayT‐Bill 6.34% 6.43% 6.48% 6.80%
10YearGilt 7.23% 7.36% 7.43% 7.87%
G‐SecVol.(Rs.Cr) 58585 32164 36674 17063
FBILMIBOR 6.00% 6.05% 6.25% 6.10%
3MonthCPRate 6.90% 7.25% 7.50% 8.40%
5YearCorpBond 8.31% 8.38% 8.52% 8.72%
1MonthCDRate 6.54% 7.24% 7.11% 6.81%
3MonthCDRate 6.65% 7.07% 7.13% 7.83%
1YearCDRate 7.44% 7.29% 7.50% 8.19%
Currency 24‐May Prev_Day Change
USD/INR 69.61 ‐0.06 ‐0.09
GBP/INR 77.97 0.32 0.41
EURO/INR 88.30 0.38 0.43
JPY/INR 63.55 0.36 0.57
Commodity 24‐May WkAgo Mth.Ago YearAgo
NYMEXCrude($/bl) 58.39 62.72 65.93 70.72
BrentCrude($/bl) 68.97 74.93 73.05 79.89
Gold($/oz) 1285 1277 1275 1304
Gold(Rs./10gm) 31591 31911 31501 31164
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Nifty May 2019 Futures were at 11,869.4, a premium of 25.30 points,
above the spot closing of 11,844.10. The turnover on NSE’s Futures and
Options segment decreased to Rs. 9,81,157.78 crore on May 24, 2019,
compared with Rs. 25,81,257.90 crore on May 23, 2019.
The Put‐Call ratio stood at 0.84 compared with the previous session’s
close of 0.85.
The Nifty Put‐Call ratio stood at 1.23 compared with the previous
session’s close of 0.85.
Open interest on Nifty Futures stood at 22.76 million as against the
previous session’s close at 21.95 million.
Bond yields fell after the outcome of the general elections came in line
with the exit polls which raised expectations that the current government
which is set to return for a second five‐year term will continue with its
reform agenda. Market participants also remained hopeful that the
Reserve Bank of India will increase liquidity infusion into the banking
system by stepping up open market purchase of government bonds.
Yield on the 10‐year benchmark paper (7.26% GS 2029) declined 1 bps
to 7.23% compared with the previous close of 7.24% after trading in a
range of 7.20% to 7.24%.
RBI after reviewing the evolving liquidity conditions and assessing the
durable liquidity needs going forward has decided to conduct purchase of
government securities under open market operation (OMO) for Rs.
15,000 crore on Jun 13, 2019.
market strengthened after the outcome of the country’s general election.
The rupee closed at 69.53 a dollar compared with the previous close of
The euro rose against the greenback as the latter weakened following
weak U.S. manufacturing activity data for May 2019 that raised the hopes
of rate cut by the U.S. Federal Reserve. The euro was last seen trading at
1.1191 up from 1.1180 in the previous session
Gold prices gained following weak sales data for new U.S. single‐family
homes in Apr 2019.
Brent crude prices fell amid rising U.S. crude inventories following
reports from EIA that U.S. crude inventories surged by 4.74 million barrels
in the week ended May 17, 2019 on May 23.
According to a Commerce Department report, U.S. new home sales
pulled back by much more than anticipated in Apr 2019. The Commerce
Department said new home sales declined 6.9% to an annual rate of
673,000 in Apr after spiking 8.1% to an upwardly revised rate of 723,000
in Mar 2019.
Office for National Statistics data showed U.K. retail sales performed
better than expected in Apr 2019 as warm weather boosted clothing
sales. The retail sales volume remained unchanged MoM, after rising
1.2% in Mar 2019. Sales were forecast to drop 0.3%. At the same time,
sales excluding auto fuel, dropped 0.2%, in contrast to Mar's 1.4%
increase. Online retailers selling clothing products were the driver to this
growth, with the warm weather helping to boost sales.
Thank you for
your time.