01 Feb 2019
Markets for You
Global Indices
Global Indices 31-Jan Prev_Day Abs. Change
% Change
#
Dow Jones 25,000 25,015 -15 -0.06
Nasdaq 7,282 7,183 99 1.37
FTSE 6,969 6,942 27 0.39
Nikkei 20,773 20,557 217 1.06
Hang Seng 27,942 27,643 300 1.08
Indian Indices 31-Jan Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,257 35,591 665 1.87
Nifty 50 10,831 10,652 179 1.68
Nifty 100 10,997 10,830 167 1.54
Nifty Bank 27,295 26,826 470 1.75
SGX Nifty 10,832 10,663 169 1.58
S&P BSE Power 1,881 1,863 17 0.93
S&P BSE Small Cap 13,926 13,815 111 0.80
S&P BSE HC 13,881 13,763 118 0.86
Date P/E Div. Yield P/E Div. Yield
31-Jan 23.78 1.16 26.26 1.25
Month Ago 23.64 1.16 26.17 1.24
Year Ago 25.42 1.09 27.50 1.03
Nifty 50 Top 3 Gainers
Company 31-Jan Prev_Day
% Change
#
Axis Bank 723 691 4.60
Tata Motors 181 175 3.78
GAIL 332 322 3.28
Nifty 50 Top 3 Losers Domestic News
Company 31-Jan Prev_Day
% Change
#
Yes Bank 194 200 -2.71
Bajaj Finserv 6092 6247 -2.49
Zee Ente. 380 389 -2.22
Advance Decline Ratio
BSE NSE
Advances 1423 1024
Declines 1144 760
Unchanged 136 109
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -4262
MF Flows** 8353
*31
st
Jan 2019; **30
th
Jan 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
2.19%
(Dec-18)
5.21%
(Dec-17)
IIP
0.50%
(Nov-18)
8.50%
(Nov-17)
GDP
7.10%
(Sep-18)
6.30%
(Sep-17)
01 February 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
6.50%
(Jul-18)
8.20%
(Jun-18)
Quarter Ago
Inflow/Outflow
824
234
3.70%
(Sep-18)
Indian equity markets gained on upbeat sentiment after the U.S.
Federal Reserve left interest rates unchanged and exhibited a dovish
stance. Investors’ expectations from the soon-to-be-announced budget
have also gone up, which aided the rally in the market. F&O expiry too
had role to play.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 1.87% and
1.68% to close at 36,256.69 and 10,830.95, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap increased 0.42% and 0.80%, respectively.
The overall market breadth on BSE was strong with 1,423 scrips
advancing and 1,144 scrips declining. A total of 136 scrips remained
unchanged.
On the BSE sectoral front, all the sectors gained. S&P BSE Information
Technology was the major gainer, up 2.13%, followed by S&P BSE Energy
and S&P BSE Teck, up 2.1% and 1.87%, respectively. S&P BSE Oil & Gas
and S&P BSE Bankex gained 1.73% and 1.7%, respectively. S&P BSE
Consumer Durables and S&P BSE Basic Materials gained 1.46% and
1.45%, respectively.
According to the Ministry of Commerce and Industry, India’s core
output (eight sectors) grew 2.6% in Dec 2018, slower than 3.5% in Nov
2018. Slower growth was on account of negative growth in crude oil,
refinery products and fertilisers. On the other hand, coal, natural gas and
steel output increased 0.9%, 4.2% and 13.2%, respectively. Cumulative
growth during Apr-Dec of 2018 stood at 4.8%, better than 3.9% in the
corresponding period of the previous financial year.
According to the data released by Central Statistics Office (CSO),
government has revised India’s Gross Domestic Product (GDP) (at
constant prices) growth to 7.2% for 2017-18, better than 6.7% estimated
earlier. For 2017-18, growth rates of primary, secondary and tertiary
sectors have been estimated at 5%, 6% and 8.1% as against a growth of
6.8%, 7.5% and 8.4%, respectively, in the previous year. The first revised
estimates for 2017-18 have been compiled using industry-
wise/institution-wise detailed information instead of using the
benchmark-indicator method employed at the time of release of
Provisional Estimates on May 31, 2018, CSO said.
The price of domestic cooking gas or LPG was lowered by Rs. 1.46 per
cylinder. This was the third consecutive reduction in a month and it
comes due to impact of tax on reduced market rate of the fuel.
According to media reports, the government will not give an extension
to the deadline of Feb 1, 2019 regarding the implementation of the
revised guidelines for e-commerce companies having foreign direct
investment. It needs to be noted that the government in Dec 2018 had
tightened norms for e-commerce firms by prohibiting online retailers
from selling products of the companies in which they have stake. The
government also barred e-commerce companies from entering into an
agreement for conducting an exclusive sale of products.
Asian equity markets were mostly higher after the U.S. Federal Reserve
maintained status quo in interest rates, which is in line with expectations.
The Fed said it will be patient in increasing borrowing costs. Today (as of
Feb 1), Asian markets opened higher due to optimism on the U.S. and
China trade front after the U.S. President stated that he expects to strike
a deal with China before Mar 2019. Nikkei and Hangseng grew 0.18% and
0.38%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed on a mixed note.
Weakness in banking stocks weighed on the indices, however, surge in oil
and gas stocks led to gains. Investors remained cautious amid concerns
about global growth, data showing Italy's economy falling into recession,
Brexit uncertainty and U.S.-China trade tensions.
As per the last close, U.S markets closed on a mixed note amid a mixed
bag of corporate earnings results for the quarter ended Dec 2018. Decline
in stocks of a chemical and software U.S. major after missing revenue
expectations weighed on the indices. However, gains in a tech and
conglomerate stock due to strong results capped the losses.
Markets for You
FII Derivative Trade Statistics 31-Jan
(Rs Cr) Buy
Sell Open Int.
Index Futures 8369.99 10037.06 40518.56
Index Options 128003.63 127729.43 75685.66
Stock Futures 32823.13 31959.42 91823.23
Stock Options 8762.75 8689.66 11544.17
Total 177959.50 178415.57 219571.62
31-Jan Prev_Day
Change
Put Call Ratio (OI) 1.58 1.21 0.38
Indian Debt Market
Put Call Ratio(Vol) 1.02 0.88 0.15
31-Jan Wk. Ago Mth. Ago
Year Ago
Call Rate 6.38% 6.41% 6.53% 5.92%
T-Repo 6.34% 6.41% 6.35% --
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.50% 6.50% 6.60% 6.36%
364 Day T-Bill 6.73% 6.76% 6.92% 6.58%
10 Year Gilt 7.48% 7.56% 7.37% 7.43%
G-Sec Vol. (Rs.Cr) 35641 22173 32827 33473
Currency Market Update
FBIL MIBOR* 6.50% 6.60% 6.73% 6.00%
3 Month CP Rate 7.60% 7.65% 7.20% 7.76%
5 Year Corp Bond 8.42% 8.47% 8.25% 8.04%
1 Month CD Rate 6.57% 6.71% 6.99% 6.27%
3 Month CD Rate 7.27% 6.94% 6.90% 7.17%
1 Year CD Rate 8.05% 7.89% 7.96% 7.47%
Commodity Market Update
Currency 31-Jan Prev_Day
Change
USD/INR 71.03 71.24 -0.21
GBP/INR 93.24 93.29 -0.05
EURO/INR 81.68 81.54 0.15
International News
JPY/INR 0.65 0.65 0.00
Commodity 31-Jan Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 53.79 52.84 45.10 64.77
Brent Crude($/bl) 62.90 61.53 50.51 67.65
Gold( $/oz) 1321 1281 1283 1345
Gold(Rs./10 gm) 33082 32226 31566 30207
Source: Thomson Reuters Eikon
*As on 30 Jan 2019
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
01 February 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 Jan 2019 Futures settled at spot closing of 10,830.95. Nifty Feb
2019 Futures were at 10,856.20, a premium of 25.25 points, above the
spot closing. The turnover on NSE’s Futures and Options segment rose
to Rs. 19,64,632.45 crore on Jan 31, 2019, compared with Rs.
11,19,139.26 crore on Jan 30, 2019.
The Put-Call ratio stood at 0.97 compared with the previous session’s
close of 0.88.
The Nifty Put-Call ratio stood at 1.58 compared with the previous
session’s close of 1.21.
Open interest on Nifty Futures stood at 30.22 million as against the
previous session’s close at 29.75 million.
Bond yields fell following indication by the U.S. Federal Reserve on
taking a patient approach on future rate decisions. Ease in concerns
about fiscal position also added to the rise in bond prices.
Yield on the 10-year benchmark paper (7.17% GS 2028) fell 7 bps to
close at 7.48% as compared with 7.55% in the previous session after
trading in the range of 7.48% to 7.54%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,191 crore (gross) on Jan 31, 2019 same as Jan
29, 2019. Sale of securities under Reserve Bank of India’s (RBI) reverse
repo window stood at Rs. 14,683 crore on Jan 30, 2019.
According to the Scheduled Bank's Statement of Position in India as of
Jan 18, 2019, banks’ deposit and credit growth stood at 9.69% and
14.61% YoY, respectively.
The Indian rupee rose marginally against the greenback as the latter
weakened after U.S. Federal Reserve indicated to take patient approach
on future rate hikes. However, greenback demand by state-run banks
capped the gains.
The euro rose against the greenback following U.S. Federal Reserve’s
indication of being patient with further interest rate hikes. However,
worries over eurozone growth outlook capped the gains.
Gold prices rose as dollar remained under pressure after U.S. Federal
Reserve kept the rates on hold and stated that it would be patient with
respect to rate hikes in 2019.
Brent crude prices almost steadied. Lower than expected rise in crude
stock piles for the week ended Jan 25, 2019.
The U.S. Federal Reserve (Fed) kept interest rates on hold as expected
as it decided to maintain the target range for the federal funds rate in
the range of 2.25%-2.50%. The central bank further stated it still expects
a sustained expansion of economic activity, strong labor market
conditions, and inflation nearing its 2% objective mark.
According to a preliminary report from Eurostat, eurozone’s gross
domestic product (GDP) rose 0.2% in the fourth quarter 2018 as against
the third quarter 2019. GDP grew 1.2% YoY in the fourth quarter as
against an increase of 1.6% in third quarter of 2018.
Markets for You
Thank you for
your time.