06 Feb 2019
Markets for You
Global Indices
Global Indices 05-Feb Prev_Day Abs. Change
% Change
#
Dow Jones 25,412 25,239 172 0.68
Nasdaq 7,402 7,348 55 0.74
FTSE 7,177 7,034 143 2.04
Nikkei 20,844 20,884 -39 -0.19
Hang Seng Closed 27,990 NA NA
Indian Indices 05-Feb Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,617 36,583 34 0.09
Nifty 50 10,934 10,912 22 0.20
Nifty 100 11,080 11,070 9 0.08
Nifty Bank 27,272 27,187 85 0.31
SGX Nifty 10,980 10,930 50 0.46
S&P BSE Power 1,829 1,848 -19 -1.03
S&P BSE Small Cap 13,662 13,788 -126 -0.91
S&P BSE HC 13,772 13,817 -44 -0.32
Date P/E Div. Yield P/E Div. Yield
5-Feb 23.30 1.16 27.07 1.23
Month Ago 23.43 1.17 25.84 1.26
Year Ago 24.51 1.12 25.78 1.06
Nifty 50 Top 3 Gainers
Company 05-Feb Prev_Day
% Change
#
Zee Ente. 365 348 5.06
Titan Industries Limited 1067 1026 3.99
United Phos 796 771 3.25
Nifty 50 Top 3 Losers Domestic News
Company 05-Feb Prev_Day
% Change
#
Coal India 216 222 -2.57
Tata Motors 176 180 -2.47
Tata Steel 465 476 -2.38
Advance Decline Ratio
BSE NSE
Advances 826 555
Declines 1741 1274
Unchanged 142 81
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -1195
MF Flows** 6514
*5
th
Feb 2019; **4
th
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)
06 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
-519
-895
3.70%
(Sep-18)
The Nikkei India Services Purchasing Managers' Index (PMI) fell to 52.2
in Jan 2019 from 53.2 in Dec 2018 due to softer expansion in output and
weak upturn in new work. Infact, new orders rose at the slowest pace in
four months. Seasonally adjusted Nikkei India Composite PMI Output
Index stood at 53.6 in Jan, thereby remaining unchanged against Dec.
The government has decided to raise additional Rs. 36,000 crore
through dated securities. The proceeds will be used to fund its expenses
during FY19. The government has decided to borrow this money in two
tranches of Rs. 18,000 crore each during Mar 11-Mar 15 and Mar 18-Mar
22. However, as per the calendar that was previously issued, the last
tranche for borrowing through government bonds was to be completed
in the week ended Mar 8, 2019.
According to a major credit rating agency, fiscal slippage from the
budgeted targets for two years straight in a row and tax cuts and
spending ahead of the general elections, is credit negative for India. The
government had proposed to raise spending for income support to small
farmers and bring in a middle-class tax cut in the interim budget for FY20.
Due to these reasons, the government had announced slippage from its
original fiscal deficit targets to 3.4% of GDP for FY19.
Punjab National Bank witnessed 7.12% YoY rise in net profit to Rs.
246.51 crore for the quarter ended Dec 2018 as against Rs. 230.11 crore
in the same period of the previous year.
Jubilant FoodWorks was fined Rs. 41.42 crore by the National Anti-
Profiteering Authority for not passing on the benefit of a reduction in the
goods and services tax to consumers.
State run Bharat Heavy Electricals witnessed 25.30% YoY rise in profit at
Rs. 191.95 crore for the quarter ended Dec 2018 compared to the same
period of the previous year when the company witnessed a profit of Rs.
153.19 crore.
Markets for You
Indian equity markets managed to close with modest gains, led by stock
specific reasons for the second consecutive day. Gains in banking sector
after a state-owned lender posted better than expected results for the
quarter ended Dec 2018 boosted the indices. Buying interest was also
seen in auto stocks.
Telecom sector remained under pressure as a telecommunications
services major fell after a credit rating agency downgraded its rating. This
marked the first time when an international rating agency has
downgraded the stock. Fall in India’s Nikkei Services PMI for Jan 2019 also
dampened investor sentiment.
Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.09% and
0.20% to close at 36,616.81 and 10,934.35, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap fell 0.54% and 0.91%, respectively.
On the BSE sectoral front, S&P BSE Consumer Durables stood as the
major gainer, up 1.18% followed by S&P BSE Auto and S&P BSE Consumer
Discretionary Goods & Services that grew 0.88% and 0.58%, respectively.
S&P BSE Bankex and S&P BSE Finance grew 0.28% and 0.12%,
respectively.
Asian markets traded in mixed on positive key economic data as a
survey showed the services sector in Japan expanded at a stronger pace
in Dec and the Bank of Japan indicated that the monetary base in Japan
was up 4.7% over the year in Jan. However, concerns over the global
growth outlook restricted the bourses. Meanwhile, some of the regional
peers remained closed due to Lunar New Year holidays. Today (as of Feb
6), Asian markets opened higher as investors awaited U.S. President’s
State of the Union address. Nikkei was trading up 0.40% and Hangseng
remained closed. (as at 8.a.m. IST).
As per the last close, European markets closed higher following strong
corporate earnings in Dec 2018 quarter.
As per the last close, U.S markets closed higher following optimism
about U.S.-China trade talks and strong quarterly earnings from few
companies.
FII Derivative Trade Statistics 05-Feb
(Rs Cr) Buy
Sell Open Int.
Index Futures 2093.29 2278.06 23312.00
Index Options 81108.05 79921.39 57300.85
Stock Futures 12444.19 12333.68 86541.49
Stock Options 7293.48 7160.10 5466.56
Total 102939.01 101693.23 172620.90
05-Feb Prev_Day
Change
Put Call Ratio (OI) 1.68 1.67 0.01
Indian Debt Market
Put Call Ratio(Vol) 1.09 0.99 0.10
05-Feb Wk. Ago Mth. Ago
Year Ago
Call Rate 6.34% 6.38% 6.31% 5.86%
T-Repo 6.30% 6.33% 6.23% --
Repo 6.50% 6.50% 6.50% 6.00%
Reverse Repo 6.25% 6.25% 6.25% 5.75%
91 Day T-Bill 6.65% 6.50% 6.58% 6.37%
364 Day T-Bill 6.74% 6.75% 6.85% 6.56%
10 Year Gilt 7.61% 7.53% 7.45% 7.60%
G-Sec Vol. (Rs.Cr) 31357 23080 34618 18355
Currency Market Update
FBIL MIBOR* 6.50% 6.50% 6.46% 6.00%
3 Month CP Rate 7.65% 7.60% 7.85% 7.76%
5 Year Corp Bond 8.56% 8.46% 8.38% 8.16%
1 Month CD Rate 6.62% 6.74% 6.73% 6.24%
3 Month CD Rate 7.24% 7.27% 7.49% 7.25%
1 Year CD Rate 8.00% 8.07% 8.16% 7.56%
Commodity Market Update
Currency 05-Feb Prev_Day
Change
USD/INR 71.75 71.66 0.09
GBP/INR 93.56 93.71 -0.14
EURO/INR 82.01 82.00 0.02
International News
JPY/INR 0.65 0.65 0.00
Commodity 05-Feb Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 53.64 53.02 47.71 64.16
Brent Crude($/bl) 61.76 61.42 55.23 67.37
Gold( $/oz) 1315 1312 1285 1339
Gold(Rs./10 gm) 33239 32862 31769 30267
Source: Thomson Reuters Eikon
*As on 04 Feb 2019
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
06 February 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Feb 2019 Futures were at 10,951.70, a premium of 17.35 points,
over the spot closing of 10,934.35. The turnover on NSE’s Futures and
Options segment declined to Rs. 5,58,363.03 crore on Feb 5, 2019.
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 1.68 compared with the previous
session’s close of 1.67.
India VIX increased 0.28% to 15.7675 compared with 15.7225 at the
previous trading session.
Open interest on Nifty Futures stood at 20.40 million as against the
previous session’s close at 19.88 million.
Bond yields declined as investors resorted to short covering amid
speculations of easing monetary policy. Majority of investors are
expecting the Monetary Policy Committee to keep a neutral stance on
interest rate in the upcoming policy meeting due on Feb 7, 2019.
Yield on the 10-year benchmark paper (7.17% GS 2028) declined 6 bps
to close at 7.61% as compared with 7.67% in the previous session after
trading in the range of 7.60% to 7.68%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,091 crore (gross) on Feb 5, 2019, same as on
Feb 4, 2019. Sale of securities under Reserve Bank of India’s (RBI) reverse
repo window stood at Rs. 9,468 crore on Feb 4, 2019.
Banks borrowed Rs. 1 crore under the central bank’s Marginal Standing
Facility on Feb 4, 2019 compared with borrowing of Rs. 650 crore on Feb
1, 2019.
The Indian rupee appreciated due to the gains in the domestic equity
market. However, the surge in crude oil prices capped further gains. The
rupee closed at 71.56 a dollar, up 0.33% compared with the previous
close of 71.80.
The euro declined against the greenback as market participants
preferred to stay on the sidelines ahead of the U.S. President’s State of
the Union address scheduled for Feb 5, 2019. The euro was last seen
trading at 1.1418 a dollar, down 0.15% compared with the previous close
of 1.1435.
Gold prices moved down against the greenback as investors’ risk-taking
appetite improved on hopes of positive U.S.-China trade development.
Brent crude prices rose due to concerns over OPEC’s supply drop and
U.S. sanction on Venezuela.
According to a report from the Commerce Department, U.S. factory
orders fell 0.6% in Nov 2018 as against an increase of 2.1% in Oct 2018.
The unexpected decline reflects 1.9% fall in orders non-durable goods in
Nov as against a gain of 0.1% in Oct. Meanwhile, durable goods orders
rose 0.7% in Nov after as against a decline of 4.3% in Oct.
A preliminary report from the IHS Markit showed that U.K’s CIPS
Services Purchasing Managers' Index fell to 50.1 in Jan 2019 as against
51.2 in Dec 2018. This marked to be the lowest score in two and half year
period. Meanwhile, the composite PMI fell to 50.3 in Jan from 51.5 in
Dec.
Markets for You
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