Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
26 May 2020
Markets for You
Global Indices
Global Indices 25-May Prev_Day Abs. Change
% Change
#
Russell 3000
[1]
1,452 1,445 7 0.49
Nasdaq
[1]
9,325 9,285 40 0.43
FTSE
[1]
5,993 6,015 -22 -0.37
Nikkei 20,742 20,388 353 1.73
Hang Seng 22,952 22,930 22 0.10
Indian Indices 22-May Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 30,673 30,933 -260 -0.84
Nifty 50 9,039 9,106 -67 -0.74
Nifty 100 9,227 9,300 -73 -0.79
Nifty 500 7,416 7,471 -55 -0.73
Nifty Bank 17,279 17,735 -456 -2.57
S&P BSE Power 1,418 1,426 -9 -0.61
S&P BSE Small Cap 10,524 10,548 -24 -0.23
S&P BSE HC 15,518 15,452 66 0.43
Date P/E Div. Yield P/E Div. Yield
22-May 18.79 1.24 20.97 1.69
Month Ago 18.90 1.24 20.48 1.66
Year Ago 28.91 1.20 29.44 1.11
Nifty 50 Top 3 Gainers
Company 22-May Prev_Day
% Change
#
Zee Ente. 163 154 6.04
M&M 426 408 4.42
Cipla 639 617 3.69
Nifty 50 Top 3 Losers Domestic News
Company 22-May Prev_Day
% Change
#
Axis Bank 337 357 -5.67
HDFC Ltd. 1516 1597 -5.08
Bajaj Finserv Limited 4316 4539 -4.93
Advance Decline Ratio
BSE
NSE
[1]
Advances 932 667
Declines 1365 1103
Unchanged 153 121
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -45825
MF Flows** 34768
*22
nd
May 2020; **21
st
May 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
5.91%
(Mar-20)
2.86%
(Mar-19)
IIP
-16.70%
(Mar-20)
2.70%
(Mar-19)
GDP
4.70%
(Dec-19)
5.60%
(Dec-18)
[1]
Data as on 22 May 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
26 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
0.40%
(Dec-19)
5.10%
(Sep-19)
Quarter Ago
Inflow/Outflow
-385
-206
7.35%
(Dec-19)
• Indian equity markets closed in the red as investors shrugged off the
outcome of Monetary Policy Committee’s meeting held on May 22 wherein
the central bank cut key policy rates by 40 bps. Markets witnessed selling
pressure after the RBI Governor said that the GDP growth for FY 21 is
estimated to remain in the negative territory with some pickup in growth
impulses in the second half of the current fiscal onwards. He added that
the inflation outlook is highly uncertain due to the outbreak of the Covid-
19 pandemic and expressed concern over elevated prices of pulses.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.84% and 0.74%
to close at 30,672.59 and 9,039.25 respectively. S&P BSE MidCap and S&P
BSE SmallCap lost 0.83% and 0.23% respectively.
• The overall market breadth on BSE was weak with 932 scrips advancing and
1,365 scrips declining. A total of 153 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE IT was the major gainer, up 1.68%
followed by S&P BSE Teck, up 1.44% and S&P BSE Healthcare, up 0.43%.
S&P BSE Finance was the major loser, down 3% followed by S&P BSE
Bankex, down 2.44% and S&P BSE Metal, down 1.98%.
• The Monetary Policy Committee (MPC) in its second off-cycle monetary
policy review in less than two months lowered the key policy repo rate by
40 bps to a record low of 4.00% by a five to one vote. Subsequently the
reverse repo rate stands reduced to 3.35% from the earlier 3.75% while the
marginal standing facility rate and the bank rate has also been lowered to
4.25% from the earlier 4.65%. The MPC decided to continue with its
accommodative stance on its monetary policy as long as it is necessary to
mitigate the impact of the COVID-19 pandemic on the domestic economy
while ensuring that retail inflation remains within its medium-term target.
• MPC decided to lower the key policy repo rate in order to ease financial
conditions as it noted that the impact of the COVID-19 pandemic on the
domestic economy was more severe than anticipated and as a result
various sectors of the economy was reeling under acute stress. The COVID-
19 pandemic led to supply disruption and demand compression. Also, the
destruction of financial and economic activity severely affected the health
and the livelihood. MPC expects the easing of monetary policy will help
revive the domestic economic activity to some extent by facilitating the
flow of funds at affordable rates.
• According to the MPC, the inflation outlook of the country moving ahead is
clouded with uncertainty. MPC expects that the unusual rise in food
inflation to moderate with gradual easing of restrictions on COVID-19
induced lockdowns. Also, a normal monsoon is expected to keep food
inflation under control. In addition, muted global crude oil prices and lower
prices of metals and other industrial raw materials will help keep the input
costs of domestic firms on the downside. Besides deficient demand is also
expected to keep retail inflation muted. However, the persisting supply
disruptions and volatility in financial markets may neutralize the above-
mentioned aspects and result in an increase in domestic inflationary
pressures to some extent. Overall, MPC expects retail inflation to come
down below its medium-term target in the third quarter and fourth quarter
of FY21.
• Most of the Asian markets rose as growing signs of re-opening of
economies around the world helped investors shrug off a flare up in U.S.
China tensions. Today (as on May 26), Asian markets rose after American
biotech firm has started the first human study of its experimental
coronavirus vaccine. Both Nikkei and Hang Seng traded up 1.57% and
1.89% (as at 8.a.m. IST), respectively.
• European markets surged amid thin holiday trade, on optimism that the
economies will start recovering thanks to easing of lockdown measures and
gradual reopening of businesses. U.K. market was closed due to holiday.
• U.S. markets were little changed after moving in a range bound during the
session. Concerns about rising tensions between the U.S. and China also
kept market participants on the sidelines, as Beijing moved to strengthen
control over Hong Kong with new security laws.
Markets for You
FII Derivative Trade Statistics 22-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 4671.27 5142.38 6488.67
Index Options 313579.21 311779.73 32285.63
Stock Futures 15204.21 14713.93 77799.61
Stock Options 3661.54 3693.96 3217.16
Total 337116.23 335330.00 119791.07
22-May Prev_Day
Change
Put Call Ratio (OI) 1.24 1.18 0.06
Put Call Ratio(Vol) 1.04 0.89 0.15
25-May Wk. Ago Mth. Ago
Year Ago
Call Rate
[1]
3.71% 3.84% 4.04% 5.88%
T-Repo
[1]
2.53% 3.16% 2.12% 5.92%
Repo 4.00% 4.40% 4.40% 6.00%
Reverse Repo 3.35% 3.75% 3.75% 5.75%
91 Day T-Bill
[1]
3.07% 3.35% 3.73% 6.32%
364 Day T-Bill
[1]
3.43% 3.72% 3.73% 6.41%
10 Year Gilt
[1]
5.96% 6.05% 6.17% 7.23%
G-Sec Vol. (Rs.Cr)
[1]
66341 36293 43530 58585
FBIL MIBOR
[1]
4.31% 4.42% 4.48% 6.00%
3 Month CP Rate
[1]
4.35% 4.55% 5.05% 6.90%
5 Year Corp Bond 6.87% 6.98% 6.95% 8.26%
1 Month CD Rate
[1]
3.63% 3.94% 3.72% 6.54%
3 Month CD Rate
[1]
3.49% 3.58% 4.93% 6.65%
1 Year CD Rate
[1]
4.31% 4.59% 5.06% 7.44%
Currency 22-May Prev_Day
Change
USD/INR 75.79 75.78 0.01
GBP/INR 92.49 92.38 0.11
EURO/INR 82.82 83.04 -0.22
JPY/INR 0.71 0.70 0.00
Commodity 25-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl)
[1]
33.34 31.33 15.49 58.39
Brent Crude($/bl)
[1]
33.20 33.77 12.29 68.97
Gold( $/oz) 1727 1732 1727 1285
Gold(Rs./10 gm) 40989 40989 40989 31591
Source: Refinitiv
[1]
Data as on 22 May 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
26 May 2020
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Indian Debt Market
Currency Market Update
Commodity Market Update
International News
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.
Some of the statements & assertions contained in these materials may reflect NAM India’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.
• Nifty May 2020 Futures stood at 9,027.80, a discount of 11.45 points below
the spot closing of 9,039.25. The turnover on NSE’s Futures and Options
segment fell to Rs. 8,33,371.85 crore on May 22, 2020, compared with Rs.
23,43,597.19 crore on May 21, 2020.
• The Put-Call ratio stood at 0.88 compared with the previous session’s close
of 0.84.
• The Nifty Put-Call ratio stood at 1.28 compared with the previous session’s
close of 1.24.
• Open interest on Nifty Futures stood at 9.98 million, compared with the
previous session’s close of 9.8 million.
• Bond yields plunged to its lowest level in more than a decade after the
Monetary Policy Committee slashed key policy repo rate by 40 bps to a
record low of 4.00% in its second off-cycle monetary policy review in less
than two months while sticking to its accommodative stance. Expectations
that the Reserve Bank of India (RBI) will announce open market bond
purchases also added to the gains.
• Yield on the existing 10-year benchmark paper (6.45% GS 2029) plummeted
7 bps to close at 5.96% compared to the previous close of 6.03% after
trading in a range of 5.88% to 5.99%. Yield thus fell to its lowest level since
Jan 24, 2009.
• Yield on the new 10-year benchmark paper (5.79% GS 2030) fell 3 bps to
close at 5.74% compared to the previous close of 5.77% after moving in a
range of 5.67% to 5.76%.
• The Indian rupee in spot trade weakened against the greenback as rising
number of coronavirus cases in the country and renewed concerns over
escalating tensions between U.S. and China dented market sentiment.
• The euro inched down against the greenback on renewed concerns over
rising tensions between U.S. and China after the latter proposed to impose
security laws on Hong Kong.
• Gold prices fell amid reports that the government of Japan is considering
fresh stimulus worth over $929 billion.
• Brent crude prices fell on renewed concerns over rising tensions between
U.S. and China.
• According to the Conference Board, U.S. leading economic index plunged
4.4% in Apr 2020 after falling by a revised 7.4% in Mar 2020, which indicated
that the U.S. economy is now in recession territory. Coincident economic
index fell 8.9% in April after declining 1.5% in the prior month.
• Data published by the Office for National Statistics showed, fall in UK retail
sales volume accelerated to 18.1% MoM in Apr 2020 from 5.2% in Mar
2020. It was the biggest monthly fall on record.
• According to an official work report, the Chinese government aims to add
over 9 million jobs and target the urban unemployment rate at around 6%.
They also dropped setting economic growth target for the first time as
Covid-19 pandemic has withered the outlook.
Markets for You
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
Thank you for
your time.
