05 Apr 2019
Global Indices
Global Indices 04-Apr Prev_Day Abs. Change
% Change
#
Dow Jones 26,385 26,218 167 0.64
Nasdaq 7,892 7,896 -4 -0.05
FTSE 7,402 7,418 -16 -0.22
Nikkei 21,725 21,713 12 0.05
Hang Seng 29,936 29,986 -50 -0.17
Indian Indices 04-Apr Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,685 38,877 -192 -0.49
Nifty 50 11,598 11,644 -46 -0.39
Nifty 100 11,754 11,795 -41 -0.35
Nifty Bank 29,905 30,093 -188 -0.63
SGX Nifty 11,687 11,721 -34 -0.29
S&P BSE Power 2,029 2,033 -4 -0.21
S&P BSE Small Cap 14,938 14,986 -47 -0.32
S&P BSE HC 14,320 14,230 90 0.63
Date P/E Div. Yield P/E Div. Yield
4-Apr 28.19 1.14 28.95 1.14
Month Ago 26.53 1.19 26.49 1.24
Year Ago 22.78 1.18 25.14 1.27
Nifty 50 Top 3 Gainers
Company 04-Apr Prev_Day
% Change
#
Indiabulls HFC 898 870 3.25
Zee Ente. 417 405 3.15
Tata Motors 206 201 2.38
Nifty 50 Top 3 Losers Domestic News
Company 04-Apr Prev_Day
% Change
#
TCS 2015 2079 -3.12
Hindalco 210 216 -2.55
BPCL 354 363 -2.45
Advance Decline Ratio
BSE NSE
Advances 1047 696
Declines 1476 1109
Unchanged 176 111
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 56132
MF Flows** 2526
*4
th
Apr 2019; **2
nd
Apr 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
2.57%
(Feb-19)
4.44%
(Feb-18)
IIP
1.70%
(Jan-19)
7.50%
(Jan-18)
GDP
6.60%
(Dec-18)
7.70%
(Dec-17)
05 April 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
8.40%
(Oct-18)
7.00%
(Sep-18)
Quarter Ago
Inflow/Outflow
17
-832
3.38%
(Oct-18)
India equity markets closed in the red after the Monetary Policy
Committee maintained its “neutral” stance in the first bi-monthly policy
meeting for FY20. Markets had already factored in a 25-basis point cut.
Further, the Reserve Bank of India (RBI) lowered the growth forecast for
FY20 as it noted that a slowdown in production and import of capital
goods has weakened the domestic investment activity to some extent,
thereby weighing on the market sentiment.
Further, decline in Nikkei India Services Purchasing Managers' Index
(PMI) for Mar 2019 took a toll over the investor sentiment which was
followed by fall in manufacturing PMI for Mar 2019 as per a data released
on Apr 2, 2019. Weakness in rupee added to the losses. Also, investors
remained cautious over soft global cues on latest Brexit developments and
ongoing trade discussions U.S. and China.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.49% and
0.39% to close at 38,684.72 and 11,598.00, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap fell 0.14% and 0.32%, respectively.
The overall market breadth on BSE was weak with 1,476 scrips declining
and 1,047 scrips advancing. A total of 176 scrips remained unchanged.
The Monetary Policy Committee (MPC) in its first bi-monthly monetary
policy review for FY20, lowered key policy repo rate by 25 bps to 6.00%
from 6.25%. Subsequently, the reverse repo stands adjusted at 5.75%
while the marginal standing facility rate and the bank rate stood at 6.25%.
However, the MPC decided to continue with its neutral stance on its
monetary policy. This is the second consecutive rate but by the MPC under
the new chief of Reserve Bank of India (RBI). MPC is of the view that the
domestic economy is facing some challenges primarily on the global front.
MPC, after taking into consideration a normal monsoon, downgraded its
retail inflation forecasts to 2.4% in the fourth quarter of FY19 from the
earlier projection of 2.8% and to be in the range of 2.9% to 3.0% for the
first half of FY20 from its earlier projection of 3.2% to 3.4%. MPC expects
retail inflation in the range of 3.5% to 3.8% in the second half of FY20.
MPC downgraded its growth forecasts of the Indian economy for FY20 to
7.2% from the earlier projection of 7.4%. For the first half of FY20 as well
MPC expects the growth of the domestic economy in the range of 6.8% to
7.1% from the earlier projection of 7.2% to 7.4%. In the second half of
FY20, MPC projected the growth of the Indian economy to be in the range
of 7.3% to 7.4%.
The Nikkei India Services Purchasing Managers' Index (PMI) fell to 52.0 in
Mar 2019 from 52.5 in Feb 2019. This marked a six-month low on account
of slower expansion in new work. Additionally, the pace of staff hiring was
weakest since Sep 2018. However, optimism regarding the year-ahead
outlook for business activity strengthened for the second consecutive
month. Seasonally-adjusted Nikkei India Composite PMI Output Index fell
to 52.7 in Mar from 53.8 in Feb.
Markets for You
Asian markets traded in mixed as investors remained optimist over the
high-level trade talks between U.S. President and Chinese Vice Premier.
Although, concerns over Brexit and upcoming U.S. jobs data restricted the
gains. Today (as of Apr 05), Asian markets opened rose as investors waited
for developments amid ongoing negotiations on the U.S.-China trade deal.
Nikkei was trading up 0.11% (as at 8.a.m. IST) and Hang Seng was closed
due to a public holiday.
As per the last close, European markets closed almost lower following
decline in Germany’s factory orders in Feb 2019 and reports indicating
that Italy may lower its GDP forecast for 2019. Investors were also
cautious ahead of U.S. jobs report for Mar 2019 due today.
As per the last close, U.S markets closed almost higher as investors
waited for more news on a potential trade deal between China and the
U.S. Reports showing unexpected fall in initial jobless claims for the week
ended Mar 30 also supported market.
FII Derivative Trade Statistics 04-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 2828.97 2736.93 17713.69
Index Options 191022.58 190145.90 63656.14
Stock Futures 13789.21 12432.92 91442.59
Stock Options 6153.10 6122.43 5624.24
Total 213793.86 211438.18 178436.66
04-Apr Prev_Day
Change
Put Call Ratio (OI) 1.21 1.42 -0.21
Indian Debt Market
Put Call Ratio(Vol) 0.86 0.90 -0.04
04-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 6.13% 6.24% 6.20% 5.90%
T-Repo 5.89% 6.11% 6.20% NA
Repo 6.00% 6.25% 6.25% 6.00%
Reverse Repo 5.75% 6.00% 6.00% 5.75%
91 Day T-Bill 6.20% 6.22% 6.38% 6.11%
364 Day T-Bill 6.25% 6.38% 6.51% 6.46%
10 Year Gilt 7.35% 7.32% 7.38% 7.29%
G-Sec Vol. (Rs.Cr) 75679 40627 32544 64712
Currency Market Update
FBIL MIBOR* 6.30% 6.25% 6.30% 6.00%
3 Month CP Rate 6.80% 7.60% 7.80% 6.80%
5 Year Corp Bond 8.38% 8.34% 8.45% 8.00%
1 Month CD Rate 6.52% 8.36% 6.96% 6.26%
3 Month CD Rate 6.66% 7.20% 7.30% 6.67%
1 Year CD Rate 7.12% 7.48% 7.69% 7.20%
Commodity Market Update
Currency 04-Apr Prev_Day
Change
USD/INR 68.84 68.49 0.36
GBP/INR 90.77 90.02 0.75
EURO/INR 77.39 76.88 0.51
International News
JPY/INR 0.62 0.61 0.00
Commodity 04-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 62.07 59.24 55.71 63.34
Brent Crude($/bl) 70.32 66.67 63.15 64.68
Gold( $/oz) 1292 1290 1293 1333
Gold(Rs./10 gm) 31557 31854 32819 30844
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
05 April 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Apr 2019 Futures were at 11,679.55, a premium of 81.55 points,
above the spot closing of 11,598.00. The turnover on NSE’s Futures and
Options segment went up to Rs. 22,38,702.35 crore on Apr 4, 2019,
compared with Rs. 9,80,410.34 crore on Apr 3, 2019.
The Put-Call ratio stood at 0.73 compared with the previous session’s
close of 0.92.
The Nifty Put-Call ratio stood at 1.21 compared with the previous
session’s close of 1.42.
Open interest on Nifty Futures stood at 16.77 million as against the
previous session’s close at 16.80 million.
Bond yields saw a steep surge after the Monetary Policy Committee
gave a neutral stance on the policy rate, despite cutting the benchmark
policy repurchase rate by 25 bps to 6%.
Yield on the new 10-year benchmark paper (7.26% GS 2029) rose 8 bps
to 7.35% compared with the previous session’s close of 7.27% after
trading in a range of 7.21% to 7.35%.
Yield on the old 10-year benchmark paper (7.17% GS 2028) rose 9 bps
to 7.51% as compared with the previous session’s close of 7.42% after
trading in a range of 7.34% to 7.51%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,026 crore (gross) on Apr 4, 2019, compared
with Rs. 4,092 crore (gross) as on Apr 3, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 60,145
crore on Apr 3, 2019.
The India rupee witnessed a steep decline after a fall in the domestic
equity and bond markets and MPC’s neutral stance on policy rate. The
rupee settled at 69.18 a dollar, down 1.11% compared with the previous
close of 68.42.
The euro edged lower on reports that Italy would lower its economic
growth forecasts, which sparked worries over a wide economic
slowdown. The euro was last seen trading at 1.1226 a dollar, marginally
down 0.07% compared with the previous close of 1.1234.
Gold prices held steady as greenback softened on account of feeble U.S.
service and private payroll data.
Brent crude prices held firm amid the OPEC-led supply cut and
speculations on additional U.S. sanction on Iran.
According to a report from Institute for Supply Management, U.S. non-
manufacturing index missed market expectations and fell to 56.1 in Mar
2019 as against 59.7 in Feb 2019. The decline reflects fall in business
activity index to 57.4 in Mar from 64.7 in Feb.
According to a report from the IHS Markit, U.K. Services Purchasing
Managers' (PMI) index missed market expectations and fell to 48.9 in Mar
2019 from 51.3 in Feb 2019. U.K. services PMI reading fell below 50 for
the first time since Jul 2016. Meanwhile, the composite PMI fell to 50 in
Mar from 51.4 in Feb.
Markets for You
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