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05 May 2020
Markets for You
Global Indices
Global Indices 04-May Prev_Day Abs. Change
% Change
#
Russell 3000 1,363 1,350 13 0.94
Nasdaq 8,711 8,605 106 1.23
FTSE 5,754 5,763 -9 -0.16
Nikkei
[1]
19,619 20,194 -574 -2.84
Hang Seng 23,614 24,644 -1,030 -4.18
Indian Indices 04-May Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 31,715 33,718 -2,002 -5.94
Nifty 50 9,294 9,860 -566 -5.74
Nifty 100 9,454 10,007 -553 -5.52
Nifty 500 7,597 8,013 -416 -5.19
Nifty Bank 19,744 21,535 -1,791 -8.32
S&P BSE Power 1,447 1,491 -44 -2.92
S&P BSE Small Cap
10,754 11,102 -348 -3.14
S&P BSE HC 15,365 15,332 33 0.21
Date P/E Div. Yield P/E Div. Yield
4-May 19.77 1.21 21.39 1.64
Month Ago 16.79 1.57 18.22 1.88
Year Ago 28.86 1.18 29.24 1.12
Nifty 50 Top 3 Gainers
Company 04-May Prev_Day
% Change
#
Cipla 612 590 3.77
Bharti Airtel 533 514 3.54
Sun Pharma 465 464 0.22
Nifty 50 Top 3 Losers Domestic News
Company 04-May Prev_Day
% Change
#
ICICI Bank 338 380 -11.07
Hindalco 116 130 -10.98
Vedanta Limited 80 90 -10.72
Advance Decline Ratio
BSE NSE
Advances 554 412
Declines 1865 1439
Unchanged 178 117
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -52141
MF Flows** 34458
*4
th
May 2020; **29
th
Apr 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
5.91%
(Mar-20)
2.86%
(Mar-19)
IIP
4.50%
(Feb-20)
0.20%
(Feb-19)
GDP
4.70%
(Dec-19)
5.60%
(Dec-18)
[1]
Data as on 01 May 2020;
[2]
Data as on 30 Apr 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
05 May 2020
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
2.10%
(Nov-19)
5.10%
(Sep-19)
Quarter Ago
Inflow/Outflow
-413
2773
7.35%
(Dec-19)
Indian equity markets closed in the red following renewed concerns over
U.S.- China tension as media reports stated that U.S. intelligence documents
accused China of concealing the severity of the coronavirus outbreak to
hoard medical supplies. Back home, another extension of the nation-wide
lockdown weighed on investor sentiment.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 5.94% and 5.74%
to close at 31,715.35 and 9,293.50 respectively. S&P BSE MidCap and S&P
BSE SmallCap lost 4.25% and 3.14% respectively.
The overall market breadth on BSE was weak with 554 scrips advancing and
1,865 scrips declining. A total of 178 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Telecom was the major gainer, up 2.39%
followed by S&P BSE Healthcare, up 0.21%. S&P BSE Finance was the major
loser, down 8.26% followed by S&P BSE Bankex, down 8.25% and S&P BSE
Metal, down 8.23%.
Data from a private survey showed that the seasonally adjusted IHS Markit
India Manufacturing Purchasing Managers’ Index fell to 27.4 in Apr 2020
from 51.8 in Mar 2020. The unprecedented contraction can be attributed to
the nationwide lockdown imposed by the government to combat the
COVID-19 pandemic. The latest reading depicts the sharpest deterioration
in business conditions across the sector since data collection began over 15
years ago. A reading above 50 indicates expansion while below it indicates
contraction.
A major domestic credit rating agency forecasted the growth of the India
economy to contract by 16% to 20% in the first quarter of FY21. This would
translate to a contraction in growth of 1.0% to 2.0% for FY21. The
downgrade comes after the government extended the ongoing nationwide
lockdown till May 17 even though it did so with graded relaxations across
different zones. The rating agency is of the view that while graded
relaxations will help in the revival of the economic activity to some extent,
the pace of the economic activity will remain constrained due to
comparatively stringent norms in major urban centers.
According to media reports, the non-banking financial companies have
requested the Reserve Bank of India to give approval to one-time
restructuring of all loans. The move comes due to the evolving economic
scenario in the wake of the nationwide lockdown imposed by the
government to combat the COVID-19 pandemic.
After Facebook, Silver Lake has invested Rs. 5,655.75 crore in Reliance
Industries’ Jio Platforms. The investment by Silver Lake values Jio Platforms
at an equity value of Rs. 4.9 trillion and an enterprise value of Rs. 5.15
trillion.
Bharat Heavy Electricals Ltd announced that it has invited global companies
to partner with and leverage its facilities for setting up manufacturing
bases in the country.
Asian markets closed in the red following recent tension between U.S. and
China over the origin of coronavirus. Media reports stated that U.S.
intelligence documents accused China of concealing the severity of the
coronavirus outbreak to hoard medical supplies. Today (as on May 5), major
Asian markets remained closed due to holiday. Investors remained
optimistic ahead of the release of key economic data across the countries.
Nikkei remained closed due to market holiday, Hang Seng traded up 0.60%
(as at 8.a.m. IST).
European markets closed in the red amid rising U.S.-China tensions around
the source of the coronavirus outbreak. Meanwhile, private survey showed
that euro zone’s manufacturing sector contracted in Apr with COVID-19
related measures weighed on demand and production.
U.S. markets closed in the green after New York Governor said that the
daily count of hospitalizations and new deaths from COVID-19 are
declining. However, he added that officials are not seeing as steep of a
decline as they hoped.
Markets for You
FII Derivative Trade Statistics
04-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 7699.59 7993.51 7120.14
Index Options 350250.53 349615.46 28596.28
Stock Futures 24961.54 22619.05 76147.95
Stock Options 1883.04 1877.01 740.69
Total 384794.70 382105.03 112605.06
04-May Prev_Day
Change
Put Call Ratio (OI) 1.35 1.78 -0.43
Put Call Ratio(Vol) 1.11 0.96 0.14
04-May Wk. Ago Mth. Ago
Year Ago
Call Rate 4.06% 4.03% 4.25% 6.03%
T-Repo 3.32% 2.09% 2.37% 5.83%
Repo 4.40% 4.40% 4.40% 6.00%
Reverse Repo 3.75% 3.75% 4.00% 5.75%
91 Day T-Bill 3.54% 3.57% 4.10% 6.44%
364 Day T-Bill 3.60% 3.81% 4.49% 6.51%
10 Year Gilt 6.08% 6.15% 6.31% 7.39%
G-Sec Vol. (Rs.Cr) 42527 38551 19983 29579
FBIL MIBOR
[2]
4.41% 4.48% 4.61% 6.18%
3 Month CP Rate 5.55% 5.25% 6.00% 7.70%
5 Year Corp Bond 7.03% 6.88% 7.26% 8.48%
1 Month CD Rate 4.02% 5.30% 4.14% 7.03%
3 Month CD Rate 4.53% 4.95% 4.39% 7.23%
1 Year CD Rate 4.75% 4.92% 5.13% 7.64%
Currency 04-May Prev_Day
Change
USD/INR 75.79 75.12 0.68
GBP/INR 94.21 93.59 0.62
EURO/INR 82.84 81.62 1.22
JPY/INR 0.71 0.70 0.01
Commodity 04-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl)
19.97 11.97 28.31 61.93
Brent Crude($/bl) 15.73 10.69 19.24 72.09
Gold( $/oz) 1701 1714 1616 1279
Gold(Rs./10 gm) 40989 40989 40989 31220
Source: Refinitiv
[1]
Data as on 01 May 2020;
[2]
Data as on 30 Apr 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
Readers are requested to click here for ICRA Analytics Ltd disclaimer
05 May 2020
Derivative Statistics- Nifty Options
Disclaimer:
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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 Nippon Life India
Asset Management Limited (NAM India) (formerly Reliance Nippon Life 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; NAM India does not in any manner assures the accuracy or authenticity of such data and information.
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Nifty May 2020 Futures stood at 9,285.90, a discount of 7.60 points below
the spot closing of 9,293.50. The turnover on NSE’s Futures and Options
segment fell to Rs. 7,07,389.18 crore on May 04, 2020, compared with Rs.
26,71,408.04 crore on April 30, 2020.
The Put-Call ratio stood at 1.05 compared with the previous session’s close
of 0.87.
The Nifty Put-Call ratio stood at 1.35 compared with the previous session’s
close of 1.78.
Open interest on Nifty Futures stood at 9.46 million, compared with the
previous session’s close of 13.48 million.
Bond yields declined following buying by state-run banks. Market
participants await announcement on economic stimulus after the central
government extended the country’s lockdown by two weeks, but relaxed
restrictions in select areas to help revive economic activities.
Yield on the 10-year benchmark paper (6.45% GS 2029) fell 3 bps to close at
6.08% from the previous closing of 6.11% after moving in a range of 6.06%
to 6.14%.
RBI announced to conduct government securities auction of 5.09% GS 2022,
New GS 2030 and 7.19% GS 2060, for notified amount of Rs. 19,000 crore.
The auction will be conducted on May 8, 2020.
Tata Steel has raised Rs. 500 crore selling bonds maturing in three years at
an annual coupon that is 345 bps over the repo rate of central bank, which
currently works out to be 7.85% to the investors of this issue. The notes are
rated AA by CARE and India Ratings.
The Indian rupee in spot trade weakened against the U.S. dollar following
losses in the domestic equity market. Moreover, rising coronavirus cases in
the country also weighed on the market sentiment.
The euro weakened against the greenback as the investor risk sentiment
dampened after the U.S. President threatened to impose tariffs on China
which rekindled concerns of a new trade war.
Gold prices rose after the U.S. President threatened to impose tariffs on
China.
Brent crude prices rose as countries across the globe announced that they
would begin easing coronavirus lockdowns.
According to a report released by the Institute for Supply Management
(ISM) purchasing managers index (PMI) fell to 41.5 in Apr 2020 from 49.1 in
Mar 2020. The index fell to its lowest level since April 2009. New orders
slumped to 27.1 in Apr 2020 from 42.2 in Mar 2020.
As per the survey data from the behavioral research firm Sentix, the
headline investor confidence index rose to -41.8 in May 2020 from -42.9 in
Apr 2020. The index reading suggests the beginning of a stabilization phase
after undergoing a sharp fall due to covid-19 pandemic.
Hong Kong’s Gross domestic product (GDP) contracted 8.9% YoY in the Mar
quarter of 2020, worse than 3% drop in the Dec quarter of 2019. This was
the largest decline since first quarter of 1974 due to weak domestic and
external demand amid covid-19, pandemic.
Markets for You
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
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