07 Feb 2019
Markets for You
Global Indices
Global Indices 06-Feb Prev_Day Abs. Change
% Change
#
Dow Jones 25,390 25,412 -21 -0.08
Nasdaq 7,375 7,402 -27 -0.36
FTSE 7,173 7,177 -4 -0.06
Nikkei 20,874 20,844 30 0.14
Hang Seng Closed Closed NA NA
Indian Indices 06-Feb Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,975 36,617 358 0.98
Nifty 50 11,062 10,934 128 1.17
Nifty 100 11,206 11,080 126 1.14
Nifty Bank 27,402 27,272 131 0.48
SGX Nifty 11,124 10,980 144 1.31
S&P BSE Power 1,825 1,829 -4 -0.22
S&P BSE Small Cap 13,668 13,662 6 0.05
S&P BSE HC 13,863 13,772 91 0.66
Date P/E Div. Yield P/E Div. Yield
6-Feb 23.64 1.14 27.39 1.22
Month Ago 23.43 1.17 25.84 1.26
Year Ago 24.09 1.14 25.37 1.08
Nifty 50 Top 3 Gainers
Company 06-Feb Prev_Day
% Change
#
Tech Mahindra 811 751 8.04
Zee Ente. 388 365 6.20
Cipla 535 508 5.31
Nifty 50 Top 3 Losers Domestic News
Company 06-Feb Prev_Day
% Change
#
Adani Ports & SEZ 330 340 -2.78
Dr.Reddy 2790 2821 -1.13
IndusInd Bank 1526 1542 -1.02
Advance Decline Ratio
BSE NSE
Advances 1008 743
Declines 1563 1047
Unchanged 141 100
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -480
MF Flows** 6602
*6
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)
07 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
-431
715
3.70%
(Sep-18)
Indian equity markets closed in the green for the fifth consecutive
session in a row ahead of the Monetary Policy Committee’s decision on
key rates in the sixth bi-monthly monetary policy meeting scheduled on
Feb 7, 2019. Optimism that central bank will change its monetary policy
stance to "neutral" from "calibrated tightening" supported buying
interest.
Additionally, strength in Asian stocks after U.S. President stated that he
would hold a two-day summit with North Korean leader in Vietnam at the
end of Feb 2019 boosted market sentiment.
Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.98% and
1.17% to close at 36,975.23 and 11,062.45, respectively. S&P BSE Mid-
Cap fell 0.12%, however, S&P BSE Small Cap rose 0.05%.
On the BSE sectoral front, S&P BSE Metal stood as the major gainer, up
2.44% followed by S&P BSE Teck and S&P BSE information technology
that grew 1.71% and 1.64%, respectively. The metal sector rose after
revenue of one of India's leading integrated steel manufacturers surged
for the quarter ended Dec 2018. Further, gains in IT stocks came in after
an IT major stocks posted strong quarterly results for the quarter ended
Dec 2018.
According to the media reports, the Securities and Exchange Board of
India (SEBI) has asked exchanges to accelerate their surveillance of intra-
day trading. The announcement comes on the wake of significant
volatility in a few stocks. Of late, these stocks have experienced
increased volatility on adverse news flow with respect to their
promoters, top management and other issues.
The income tax e-returns filed has surged by over 37% for the period
Apr 2018-Jan 2019 compared with the period Apr 2017-Jan 2018. More
than 6.3 crore taxpayers have filed returns in the first ten months of
FY19. Meanwhile, the government expects 7.6 crore returns to be filed
by the end of FY19 compared with 6.9 crore in FY18.
According to a notice of the directorate general of foreign trade, export
of bio-fuels from special economic zones (SEZs) and export-oriented
units (EoUs) with certain conditions have been permitted by the
government. In Aug 2018, the government has imposed restrictions on
export of bio-fuels for non-fuel purposes. Post this restriction, exporters
operating from SEZs and EoUs made representations to remove this
prohibition stating they only use imported material for export of final
product.
According to media reports, Siemens reported a 19.7% YoY rise in its
net profit at Rs. 228 crore for the quarter ended Dec 2018, mainly due to
higher revenues. The company’s net profit in the same period of the
previous year stood at Rs, 190.5 crore.
According to media reports, Indraprastha Gas Ltd witnessed a 19% rise
in standalone net profit at Rs. 197.94 crore compared to the same period
of the previous year when standalone net profit stood at Rs. 165.65
crore.
According to media reports, the standalone net profit of Jindal
Stainless plunged over 61% to Rs. 52.35 crore compared to the same
period of the previous year when standalone net profit stood at Rs.
134.73 crore.
Asian markets traded up after the U.S. President stated that he would
hold a two-day meeting with North Korea leader at the end of Feb.
Investors also remained optimist on U.S. China trade deal. Improved
corporate earning numbers from U.S. further supported gains. Today (as
of Feb 7), Asian markets opened on a mixed note. Decline in Wall Street in
the last session weighed on the indices. Meanwhile, expectation for U.S.
and China trade were up as negotiations continue. Nikkei fell 0.81% (as at
8.a.m. IST). Hangseng remained closed.
As per the last close, U.S markets closed on a lower note amid
uncertainty about the near-term outlook for the markets. Investors
remained concerned over ambiguity about trade talks between the U.S.
and China.
As per the last close, European markets closed on a mixed note amid a
mixed bag of earnings results. Decline in factory orders in Germany in Dec
weighed on the indices. Further, investors remained cautious over no
positive news on U.S. and China trade front and prospects of another
shutdown in the U.S. over the border wall issue.
Markets for You
FII Derivative Trade Statistics 06-Feb
(Rs Cr) Buy
Sell Open Int.
Index Futures 2561.04 1766.52 24309.85
Index Options 66651.59 66477.88 58537.30
Stock Futures 11950.19 12270.74 86886.80
Stock Options 5517.28 5477.16 5796.83
Total 86680.10 85992.30 175530.78
06-Feb Prev_Day
Change
Put Call Ratio (OI) 1.82 1.68 0.13
Indian Debt Market
Put Call Ratio(Vol) 1.13 1.09 0.04
06-Feb Wk. Ago Mth. Ago
Year Ago
Call Rate 6.42% 6.39% 6.31% 5.86%
T-Repo 6.34% 6.34% 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 6.51% 6.53% 6.58% 6.37%
364 Day T-Bill 6.78% 6.78% 6.85% 6.55%
10 Year Gilt 7.57% 7.55% 7.45% 7.57%
G-Sec Vol. (Rs.Cr) 27325 20280 34618 30961
Currency Market Update
FBIL MIBOR* 6.49% 6.50% 6.46% 6.00%
3 Month CP Rate 7.65% 7.60% 7.85% 7.79%
5 Year Corp Bond 8.53% 8.47% 8.38% 8.16%
1 Month CD Rate 6.60% 6.57% 6.73% 6.24%
3 Month CD Rate 7.17% 7.20% 7.49% 7.24%
1 Year CD Rate 8.02% 7.86% 8.16% 7.52%
Commodity Market Update
Currency 06-Feb Prev_Day
Change
USD/INR 71.57 71.75 -0.17
GBP/INR 92.69 93.56 -0.87
EURO/INR 81.55 82.01 -0.47
International News
JPY/INR 0.65 0.65 0.00
Commodity 06-Feb Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 53.89 54.13 47.71 63.46
Brent Crude($/bl) 62.31 62.33 55.23 66.43
Gold( $/oz) 1306 1320 1285 1325
Gold(Rs./10 gm) 33210 33000 31769 30433
Source: Thomson Reuters Eikon
*As on Feb 5, 2019
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
07 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 11,090.30, a premium of 27.85 points,
over the spot closing of 11,062.45. The turnover on NSE’s Futures and
Options segment rose to Rs. 6,50,160.10 crore on Feb 6, 2019,
compared with Rs. 5,58,363.03 crore on Feb 5, 2019.
The Put-Call ratio stood at 0.93 compared with the previous session’s
close of 0.88.
The Nifty Put-Call ratio stood at 1.82 compared with the previous
session’s close of 1.68.
Open interest on Nifty Futures stood at 22.89 million as against the
previous session’s close at 20.40 million.
Bond yields declined as market participants are hoping the Monetary
Policy Committee to change its stance from calibrated tightening to
neutral in the upcoming policy meeting due on Feb 7, 2019.
Yield on the 10-year benchmark paper (7.17% GS 2028) declined 4 bps
to close at 7.57% as compared with 7.61% in the previous session after
trading in the range of 7.57% to 7.60%.
Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 5,428 crore (gross) on Feb 6, 2019, compared
with Rs. 3,091 crore (gross) as on Feb 4, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 19,458
crore on Feb 5, 2019.
Banks borrowed Rs. 451 crore under the central bank’s Marginal
Standing Facility on Feb 5, 2019 compared with borrowing of Rs. 1 crore
on Feb 4, 2019.
The Indian rupee held steady as market participants preferred to
remain on the sidelines ahead of the monetary policy meeting due on
Feb 7, 2019. The rupee closed at 71.55 a dollar, up 0.02% compared
with the previous close of 71.56.
The euro declined against the greenback as the European Union Bank
gave a cautionary stance on the eurozone’s economic outlook on the
back of weak economic data. The euro was last seen trading at 1.1386 a
dollar, down 0.23% compared with the previous close of 1.1412.
Gold prices moved down following the U.S. President’s State of the
Union address where he stated that the trade deal with China should
incorporate structural reforms to end unfair trade practices.
Brent crude prices plunged on concerns over a supply glut after
reports from API revealed surge in U.S. crude inventories.
According to a preliminary report from the Federal Statistical Office,
Germany’s manufacturing orders fell 1.6% MoM (calendar and
seasonally adjusted) as against downwardly revised decline of 0.2% in
Nov 2018. The decline reflects weak demand from abroad, thereby
indicating that continued slowdown in the manufacturing sector.
Meanwhile, domestic orders fell 0.6% MoM and foreign orders fell 2.3%
MoM in Dec.
According to a report from IHS Markit, eurozone’s final Composite
Purchasing Managers' Index fell to 51.0 in Jan 2019 as against 51.1 in
Dec 2018. The expansion slowed for the fifth month in a row.
Additionally, this marked to be the lowest level in five-and-a-half years.
Markets for You
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