05 Feb 2019
Markets for You
Global Indices
Global Indices 04-Feb Prev_Day Abs. Change
% Change
#
Dow Jones 25,239 25,064 175 0.70
Nasdaq 7,348 7,264 84 1.15
FTSE 7,034 7,020 14 0.20
Nikkei 20,884 20,788 95 0.46
Hang Seng 27,990 27,931 59 0.21
Indian Indices 04-Feb Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,583 36,469 113 0.31
Nifty 50 10,912 10,894 19 0.17
Nifty 100 11,070 11,067 4 0.03
Nifty Bank 27,187 27,086 101 0.37
SGX Nifty 10,930 10,904 27 0.24
S&P BSE Power 1,848 1,888 -40 -2.13
S&P BSE Small Cap 13,788 13,950 -163 -1.17
S&P BSE HC 13,817 13,997 -181 -1.29
Date P/E Div. Yield P/E Div. Yield
4-Feb 23.30 1.16 27.02 1.24
Month Ago 23.43 1.17 25.84 1.26
Year Ago 24.53 1.12 26.04 1.05
Nifty 50 Top 3 Gainers
Company 04-Feb Prev_Day
% Change
#
Titan Industries 1026 992 3.45
RIL 1291 1250 3.28
ONGC 146 142 3.14
Nifty 50 Top 3 Losers Domestic News
Company 04-Feb Prev_Day
% Change
#
Indiabulls HFC 651 679 -4.11
Hindalco 204 211 -3.41
HPCL 227 234 -3.21
Advance Decline Ratio
BSE NSE
Advances 747 460
Declines 1820 1387
Unchanged 194 97
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -300
MF Flows** 7032
*4
th
Feb 2019; **1
st
Feb 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)
05 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
-128
1207
3.70%
(Sep-18)
Markets for You
Indian equity markets managed to close with modest gains post volatile
session for stock specific reasons. Heavy buying in an Indian
conglomerate holding company and an oil & gas major boosted the
indices. Decline in one of the major telecommunications’ operator after it
decided to opt for insolvency proceedings weighed on the indices. Also,
auto and metal stocks remained under pressure amid mixed global cues.
Additionally, investors remained cautious ahead of the sixth monetary
policy review meeting on Feb 7, 2019.
Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.31% and
0.17% to close at 36,582.74 and 10,912.25, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap fell 0.82% and 1.17%, respectively.
On the BSE sectoral front, S&P BSE Energy stood as the major gainer, up
2.24% followed by S&P BSE Consumer Durables and S&P BSE Oil & Gas
that grew 0.84% and 0.47%, respectively. S&P BSE Bankex and S&P BSE
information technology grew 0.20% and 0.12%, respectively. S&P BSE
Utilities stood as the major loser, down 2.29%, followed by S&P BSE
Power that fell 2.13%. S&P BSE Telecom and S&P BSE Healthcare fell
1.79% and 1,29%, respectively.
Government data showed that India’s fiscal deficit for Apr-Dec 2018
came in at Rs. 7.01 lakh crore, or 112.4% of the budgeted target for FY19
as against 113.6% in the year-ago period. Net tax receipts were Rs. 9.36
lakh crore or 63.2% of the budget estimate for FY19 compared with
73.4% in the corresponding period of the previous year. The
government’s total expenditure for the period from Apr to Dec of 2018
stood at Rs. 18.32 lakh crore or 75% of the budget estimate for FY19
compared with 79.1% in the corresponding period of the previous year.
The government has lowered the allocation to the Unique Identification
Authority of India (UIDAI) by approximately 8.7% to Rs. 1,227 crore for
FY20 compared to Rs. 1,345 crore in FY19. The CEO of UIDAI stated that
the decline reflects the requirement and the money allocated will meet
the requirements.
The finance ministry announced that goods and service tax (GST)
collections in Jan 2019 grew to Rs. 1,02,503 lakh crore as against
collection of Rs. 94,725 crore in Dec 2018 and Rs. 89,825 crore in Jan
2018. Of the total gross GST revenue collected in Jan 2019, Central GST is
Rs. 17,763 crore, state GST (SGST) is Rs. 24,826 crore, integrated GST
(IGST) is Rs. 51,225 crore and cess is Rs. 8,690 crore. Meanwhile, the total
number of sales return or GSTR-3B filed for Dec 2018 up to Jan 31, 2019,
is 73.3 lakh.
IDBI Bank reported rise in net loss to Rs. 4,185 crore in third quarter of
FY19 as against Rs. 1,524 crore in third quarter of FY18. The increase in
net loss came due to higher provisions for bad loans. Its net interest
income (NII) fell 19% YoY to Rs. 1,357 crore in third quarter of FY19 from
Rs 1,666 crore in the year ago quarter.
Essel Group said it had secured a formal consent from lenders to service
its debt, including time till Sep 2019 to repay its loans. This was the
second round of meeting held on Sunday with lenders. Mutual funds and
non-banking financial companies were part of the meeting.
Asian markets largely remained positive, as upbeat U.S. jobs data for
Jan, released on Feb 1, helped investors overcome worries over the
uncertainty regarding U.S.- China trade deal. The data instilled confidence
on the strength of the nation’s economy to withstand the impact of the
U.S. government shutdown. Today (as of Feb 5), Asian markets opened
mixed as investors awaited Reserve Bank of Australia’s policy decision
due today. Nikkei was trading down 0.05% and Hangseng was trading up
0.21% (as at 8.a.m. IST).
As per the last close, European markets closed mixed after release of
mixed batch of corporate earnings. Investors also awaited developments
on Brexit and U.S.-China trade issues.
As per the last close, U.S markets closed higher following gains in
technology stocks. Stronger than expected growth in U.S. non-farm
employment in Jan 2019 continued to boost the market. However,
uncertainty about trade talks between the U.S. and China capped the
gains.
FII Derivative Trade Statistics 04-Feb
(Rs Cr) Buy
Sell Open Int.
Index Futures 6851.07 5139.72 22688.37
Index Options 142616.01 142536.08 54307.46
Stock Futures 17415.46 16558.92 86515.12
Stock Options 12473.02 12594.43 4554.87
Total 179355.56 176829.15 168065.82
04-Feb Prev_Day
Change
Put Call Ratio (OI) 1.67 1.63 0.04
Indian Debt Market
Put Call Ratio(Vol) 0.99 0.91 0.08
04-Feb Wk. Ago Mth. Ago
Year Ago
Call Rate 6.39% 6.43% 6.31% 5.92%
T-Repo 6.29% 6.40% 6.23% 4.59%
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.52% 6.54% 6.58% 6.33%
364 Day T-Bill 6.75% 6.75% 6.85% 6.60%
10 Year Gilt 7.67% 7.54% 7.45% 7.56%
G-Sec Vol. (Rs.Cr) 25406 18601 34618 29446
Currency Market Update
FBIL MIBOR^ 6.50% 6.55% 6.46% 5.98%
3 Month CP Rate 7.65% 7.60% 7.85% 7.76%
5 Year Corp Bond 8.56% 8.47% 8.38% 8.14%
1 Month CD Rate 6.60% 6.60% 6.73% 6.23%
3 Month CD Rate 7.24% 7.36% 7.49% 7.25%
1 Year CD Rate 8.07% 8.18% 8.16% 7.55%
Commodity Market Update
Currency 04-Feb Prev_Day
Change
USD/INR 71.66 71.11 0.55
GBP/INR 93.71 93.17 0.54
EURO/INR 82.00 81.34 0.66
International News
JPY/INR 0.65 0.65 0.00
Commodity 04-Feb Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 54.52 51.74 47.71 65.48
Brent Crude($/bl) 62.70 60.15 55.23 67.13
Gold( $/oz) 1312 1303 1285 1333
Gold(Rs./10 gm) 33226 32691 31769 30452
Source: Thomson Reuters Eikon
^As on 01-02-19
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
05 February 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Markets for You
Nifty Feb 2019 Futures were at 10,937.50, a premium of 25.25 points,
over the spot closing of 10,912.25. The turnover on NSE’s Futures and
Options segment declined to Rs. 6,08,670.41 crore on Feb 4, 2019,
compared with Rs. 9,14,497.31 crore on Feb 1, 2019.
The Put-Call ratio stood at 0.84 compared with the previous session’s
close of 0.86.
The Nifty Put-Call ratio stood at 1.67 compared with the previous
session’s close of 1.63.
Open interest on Nifty Futures stood at 19.88 million as against the
previous session’s close at 19.53 million.
Bond yields continued to rise on worries over the government’s higher
borrowing target and a higher-than-expected fiscal deficit for the current
and next financial year. This coupled with a rise in oil prices dampened
investors’ risk appetite.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 6 bps to
close at 7.67% as compared with 7.61% in the previous session after
trading in the range of 7.63% to 7.67%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,091 crore (gross) on Feb 4, 2019 as compared
with Rs. 5,606 crore on Feb 1, 2019. Sale of securities under Reserve
Bank of India’s (RBI) reverse repo window stood at Rs. 29,468 crore on
Feb 1, 2019.
Banks borrowed Rs. 650 crore under the central bank’s Marginal
Standing Facility on Feb 1, 2019 compared with borrowing of Rs. 400
crore on Jan 31, 2019.
The Indian rupee depreciated following upbeat U.S. job data that lifted
greenback demand. Besides, rise in crude oil prices hurt domestic market
sentiment. The rupee closed at 71.80 a dollar, down 0.79% compared
with the previous close of 71.24.
The euro saw a marginal fall as comments from the European Central
Bank reiterated concerns over a slowing eurozone. The euro was last
seen trading at 1.1450 a dollar, down 0.03% compared with the previous
close of 1.1454.
Gold prices moved down on upbeat U.S. job data. Surge in U.S. non-
farm payroll data and strong manufacturing data alleviated concerns
over global slowdown.
Brent crude prices rose as a survey revealed 930,000 barrels per day
decline in OPEC output in Jan.
According to a report by the Labor Department, U.S. non-farm payroll
employment rose more than expected by 304,000 jobs in Jan 2019 as
against downwardly revised of 222,000 jobs in Dec 2018. However, the
unemployment rate unexpectedly inched up 4.0% in Jan from 3.9% in
Dec.
According to a report from the commerce department, U.S. wholesale
inventories inched up 0.3% in Nov 2018 after increasing by upwardly
revised 0.9% in Oct 2018. Inventories of durable goods rose 0.7% in Nov
as against an increase of 1.7% in Oct. Meanwhile, inventories non-
durable goods fell 0.5% in Nov as against a decline of 0.4% in Oct.
Thank you for
your time.