08 Feb 2019
Markets for You
Global Indices
Global Indices 07-Feb Prev_Day Abs. Change
% Change
#
Dow Jones 25,170 25,390 -221 -0.87
Nasdaq 7,288 7,375 -87 -1.18
FTSE 7,094 7,173 -80 -1.11
Nikkei 20,751 20,874 -123 -0.59
Hang Seng Closed Closed NA NA
Indian Indices 07-Feb Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,971 36,975 -4 -0.01
Nifty 50 11,069 11,062 7 0.06
Nifty 100 11,229 11,206 23 0.21
Nifty Bank 27,387 27,402 -15 -0.06
SGX Nifty 11,079 11,124 -45 -0.40
S&P BSE Power 1,816 1,825 -8 -0.46
S&P BSE Small Cap 13,779 13,668 111 0.81
S&P BSE HC 14,068 13,863 204 1.47
Date P/E Div. Yield P/E Div. Yield
7-Feb 23.64 1.15 27.41 1.22
Month Ago 23.39 1.17 25.95 1.25
Year Ago 23.94 1.16 25.32 1.08
Nifty 50 Top 3 Gainers
Company 07-Feb Prev_Day
% Change
#
Zee Ente. 409 388 5.35
Sun Pharma 435 417 4.39
Eicher Motors 21904 21104 3.79
Nifty 50 Top 3 Losers Domestic News
Company 07-Feb Prev_Day
% Change
#
Lupin 823 842 -2.29
RIL 1290 1310 -1.52
L&T Ltd. 1296 1314 -1.40
Advance Decline Ratio
BSE NSE
Advances 1386 1037
Declines 1163 760
Unchanged 170 99
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 613
MF Flows** 7165
*7
th
Feb 2019; **6
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)
08 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
459
1093
3.70%
(Sep-18)
Indian equity markets gave up early gains to end flat. The Reserve Bank
of India (RBI) reduced interest rates and said inflation could stay within
its target range and also changed its monetary policy stance to 'neutral'
from the earlier 'calibrated tightening'. This could mean further softening
of rates.
Key benchmark indices S&P BSE Sensex lost 0.01% and Nifty 50 gained
0.06%, to close at 36,971.09 and 11,069.40, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap gained 0.74% and 0.81%, respectively.
The overall market breadth on BSE was strong with 1386 scrips
advancing and 1163 scrips declining. A total of 171 scrips remained
unchanged.
On the BSE sectoral front, S&P BSE Telecom was the major gainer, up
2.48%, followed by S&P BSE Auto, up 1.77%, and S&P BSE Healthcare, up
1.47%. S&P BSE Consumer Discretionary Goods & Services gained 1.02%
and S&P BSE Basic Materials gained 0.82%. S&P BSE Utilities was the
major loser, down 0.88%, followed by S&P BSE Energy and S&P BSE
Power, down 0.77% and 0.46%, respectively.
The Monetary Policy Committee (MPC) in its sixth bi-monthly monetary
policy review for FY19 lowered the key policy repo rate by 25 basis points
after keeping it unchanged in Oct 2018 and Dec 2018. It had increased
the same in by 25 bps each in Jun 2018 and Aug 2018. This marked to be
the first MPC meeting under the newly appointed governor of the
Reserve Bank of India. Out of six committee members four voted in
favour of the decision. The move comes as the headline inflation is
expected to remain soft in the near term amid current low level of
inflation and the soft food inflation outlook. Meanwhile, the MPC
changed the stance to neutral from calibrated tightening, the decision
for which was unanimous. MPC had changed the stance to calibrated
tightening in fourth bi-monthly monetary policy review. Now, the key
policy repo rate is 6.25% as against previous rate of 6.50%.
Consequently, the reverse repo rate is now at 6.00% and the marginal
standing facility rate and the Bank Rate is now 6.50%.
MPC retained its expectation for gross domestic product (GDP) growth
at 7.4% for FY19. It expects GDP growth to be 7.5% in the first half of
FY20. GDP growth for FY20 is projected at 7.4% (7.2%-7.4% in first half,
and 7.5% in third quarter). According to MPC, strong aggregate bank
credit and overall financial flows to the commercial sector is expected to
influence the growth outlook. Further, slowing global demand is
expected to act as headwinds.
Tata Motors consolidated loss came in at Rs. 26,961 crore for the
quarter ended Dec 2018 as against a profit of Rs. 1,214.60 crore in the
year-ago period. The company stated that it took one-time exceptional
non-cash charge of 3.1 billion pounds for asset impairment. Consolidated
revenue came in at Rs. 77,001 crore, up 5% YoY.
According to media reports, hospitality firm OYO witnessed a more
than four fold jump in its hotel sales globally to $1.8 billion in the
calendar year 2018 compared to $0.4 billion for 2017.
Asian equity markets were mixed as investors looked forward to
progress in U.S.-China trade talks. This made markets overlook U.S.
President's State of the Union address wherein he spoke tough words on
immigration. Today (as of Feb 8), Asian markets opened lower amid fresh
U.S and China trade concerns following reports that a meeting between
U.S and Chinese President is highly unlikely in the coming weeks. Nikkei
and Hangseng fell 1.31% and 1.22%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed on a lower note on
growth worries after the European Union lowered its growth outlook for
eurozone for 2019 and 2020. A lower projection by Bank of England for
U.K. for 2019 and 2020 and Germany’s weak industrial production for Dec
also dampened investor sentiment.
As per the last close, U.S markets closed on a lower note following
media reports that a trade meeting between U.S and Chinese President
would not happen before the deadline of Mar 2019. Further, projection
of slowdown of eurozone and U.K growth for 2019 and 2020, weighed on
the market sentiment.
Markets for You
FII Derivative Trade Statistics 07-Feb
(Rs Cr) Buy
Sell Open Int.
Index Futures 4820.87 2002.89 27450.84
Index Options 76070.34 75807.41 60938.07
Stock Futures 12264.85 11399.02 88290.85
Stock Options 7522.42 7440.24 6463.83
Total 100678.48 96649.56 183143.59
07-Feb Prev_Day
Change
Put Call Ratio (OI) 1.78 1.82 -0.03
Indian Debt Market
Put Call Ratio(Vol) 1.06 1.13 -0.07
07-Feb Wk. Ago Mth. Ago
Year Ago
Call Rate 6.48% 6.38% 6.38% 5.88%
T-Repo 6.47% 6.34% 6.34% --
Repo 6.25% 6.50% 6.50% 6.00%
Reverse Repo 6.00% 6.25% 6.25% 5.75%
91 Day T-Bill 6.29% 6.50% 6.60% 6.40%
364 Day T-Bill 6.60% 6.73% 6.88% 6.58%
10 Year Gilt 7.50% 7.48% 7.51% 7.53%
G-Sec Vol. (Rs.Cr) 67344 35641 38657 38287
Currency Market Update
FBIL MIBOR* 6.48% 6.50% 6.50% 6.00%
3 Month CP Rate 7.45% 7.60% 7.80% 7.79%
5 Year Corp Bond 8.47% 8.41% 8.41% 8.09%
1 Month CD Rate 6.58% 6.57% 6.69% 6.25%
3 Month CD Rate 6.97% 7.27% 7.24% 7.24%
1 Year CD Rate 8.19% 8.05% 8.18% 7.52%
Commodity Market Update
Currency 07-Feb Prev_Day
Change
USD/INR 71.47 71.57 -0.10
GBP/INR 92.45 92.69 -0.24
EURO/INR 81.20 81.55 -0.34
International News
JPY/INR 0.65 0.65 0.00
Commodity 07-Feb Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 52.63 53.79 48.22 61.89
Brent Crude($/bl) 61.10 62.90 56.69 65.48
Gold( $/oz) 1310 1321 1289 1318
Gold(Rs./10 gm) 33000 33209 31764 30182
Source: Thomson Reuters Eikon
*As on Feb 6, 2019
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
08 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 11,093.80, a premium of 24.40 points,
over the spot closing of 11,069.40. The turnover on NSE’s Futures and
Options segment rose to Rs. 17,97,505.44 crore on Feb 7, 2019,
compared with Rs. 6,50,160.10 crore on Feb 6, 2019.
The Put-Call ratio stood at 0.84 compared with the previous session’s
close of 0.93.
The Nifty Put-Call ratio stood at 1.78 compared with the previous
session’s close of 1.82.
Open interest on Nifty Futures stood at 23.06 million as against the
previous session’s close at 22.89 million.
Bond yields saw a steep decline after the Monetary Policy Committee
surprised market participants by trimming the key policy interest rate by
25 basis points to 6.25%. The committee anticipates inflation to be
below target in the next year despite the expansionary fiscal stance.
Yield on the 10-year benchmark paper (7.17% GS 2028) declined 7 bps
to close at 7.50% as compared with 7.57% in the previous session after
trading in the range of 7.47% to 7.59%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 12,211 crore (gross) on Feb 7, 2019, compared
with Rs. 5,428 crore (gross) as on Feb 6, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 5,188
crore on Feb 6, 2019.
The Indian rupee appreciated against the greenback following the
Monetary Policy Committee’s unexpected policy rate cut by 25 basis
points to 6.25%. The rupee closed at 71.45 a dollar, up 0.14% compared
with the previous close of 71.55.
The euro moved down after the European Commission sharply
lowered the economic growth forecast of the eurozone. The euro was
last seen trading at 1.1330 a dollar, down 0.26% compared with the
previous close of 1.1360.
Gold prices were subdued following the U.S. Federal Reserve
Chairman’s optimistic assessment of the economy, which lifted the
greenback
Brent crude prices plunged on reports of increasing crude inventory
and record U.S. output.
A report from the Commerce Department showed that U.S. trade
deficit narrowed to $49.3 billion in Nov 2018 as against a revised deficit
of $55.7 billion ($55.5 billion originally reported) in Oct 2018. The trade
deficit narrowed more than market expectations following a steep
decline in the value of imports that plunged 2.9% in Nov. Meanwhile,
value of exports fell 0.6% in Nov.
According to a preliminary report from the Federal Statistical Office,
Germany’s industrial production fell 0.4% MoM (calendar and seasonally
adjusted) in Dec 2018 as against a revised decline of 1.3% (1.9% decline
originally reported) in Nov 2018. This marked the fourth consecutive
monthly decline owing to slump in construction.
Markets for You
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