18 Feb 2019
Markets for You
Global Indices
Global Indices 15-Feb Prev_Day Abs. Change
% Change
#
Dow Jones 25,883 25,439 444 1.74
Nasdaq 7,472 7,427 45 0.61
FTSE 7,237 7,197 40 0.55
Nikkei 20,901 21,140 -239 -1.13
Hang Seng 27,901 28,432 -531 -1.87
Indian Indices 15-Feb Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,809 35,876 -67 -0.19
Nifty 50 10,724 10,746 -22 -0.20
Nifty 100 10,846 10,888 -43 -0.39
Nifty Bank 26,794 26,971 -176 -0.65
SGX Nifty 10,768 10,830 -62 -0.57
S&P BSE Power 1,785 1,747 38 2.17
S&P BSE Small Cap 13,253 13,364 -111 -0.83
S&P BSE HC 13,433 13,744 -311 -2.27
Date P/E Div. Yield P/E Div. Yield
15-Feb 22.79 1.19 26.53 1.26
Month Ago 23.74 1.17 26.16 1.24
Year Ago 24.45 1.14 25.45 1.07
Nifty 50 Top 3 Gainers
Company 15-Feb Prev_Day
% Change
#
BPCL 328 316 3.87
NTPC 136 131 3.81
Power Grid 182 175 3.74
Nifty 50 Top 3 Losers Domestic News
Company 15-Feb Prev_Day
% Change
#
Lupin 775 810 -4.38
Sun Pharma 423 441 -4.08
Dr.Reddy 2563 2667 -3.90
Advance Decline Ratio
BSE NSE
Advances 883 642
Declines 1650 1158
Unchanged 128 104
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 1060
MF Flows** 10368
*15
th
Feb 2019; **14
th
Feb 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
2.05%
(Jan-19)
5.07%
(Jan-18)
IIP
2.40%
(Dec-18)
7.30%
(Dec-17)
GDP
7.10%
(Sep-18)
6.30%
(Sep-17)
18 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
4.60%
(Sep-18)
8.20%
(Jun-18)
Quarter Ago
Inflow/Outflow
1425
-672
3.38%
(Oct-18)
Indian equity markets ended in the red and the week turned out to be
the worse in almost four months. Markets had opened with an overhang
of the terrorist attack in Kashmir the previous day in which more than 40
CRPF men were killed. The Prime Minister warned of stern action against
the ghastly act. Global cues were weak too because of trade tensions
between the U.S. and China.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.19% and
0.20%, respectively, to close at 35,808.95 and 10,724.40, respectively. S&P
BSE Mid-Cap and S&P BSE Small Cap lost 1.18% and 0.83%, respectively.
The overall market breadth on BSE was weak with 883 scrips advancing
and 1650 scrips declining. A total of 128 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Utilities was the major gainer, up
2.63%, followed by S&P BSE Power and S&P BSE Oil & Gas, up 2.17% and
1.44%, respectively. S&P BSE Energy gained 1.29% and S&P BSE Telecom
1.06%. S&P BSE Metal was the major loser, down 2.32%, followed by S&P
BSE Healthcare and S&P BSE Basic Materials, down 2.27% and 1.63%,
respectively.
Government data showed that India’s trade deficit widened to $14.73
billion in Jan 2019 after hitting a 10-month low of $13.08 billion in Dec
2018. India’s trade deficit stood at $15.67 billion in the same period of the
previous year. Merchandise exports witnessed a growth of 3.74% in Jan
2019 on a yearly basis which stood at $26.36 billion, and this can be
attributed to growth in textiles, drugs and pharmaceuticals as well as
organic and inorganic chemicals. Imports grew 0.01% on a yearly basis
which subsequently stood at $41.09 billion in Jan 2019 compared to
$41.01 billion in Dec 2018. For the period from Apr 2018 to Jan 2019,
exports grew 9.52% on a yearly basis while imports grew 11.27%.
The government has established an inter-ministerial committee headed
by the finance minister to decide on exceptions and further inclusions of
left-out farmers. These farmers did not meet the existing eligibility criteria
of the PM KISAN scheme. The committee could review such cases on
request of state governments if the left-out beneficiaries are big in
number. He said the guidelines of PM KISAN may be modified as and when
need arises.
An expert panel established by the government has recommended
setting the minimum wage at Rs. 375 a day. This would be higher than the
existing rate of Rs. 321 for agriculture or unskilled workers and Rs. 371 for
semi-skilled workers. The committee has devised a new methodology that
does away with the variation in wages based on sector, skills and location.
It has proposed a “balanced diet approach” to compute minimum wages.
The recommendations, if accepted, will lead to a wage bracket ranging
from Rs. 340 for Bihar and Uttar Pradesh to Rs. 447 for Gujarat.
According to media reports, Glenmark Pharmaceuticals has received
final approval from the US health regulator for Sevelamer Hydrochloride
tablets which is used to control serum phosphorus in patients with chronic
kidney disease on dialysis.
According to media reports, Dr Reddy's Laboratories has received the
inspection closure report for its Duvvada facility in Andhra Pradesh from
the US health regulator.
Markets for You
Asian equity markets fell as investors became anxious over weak
economic data from the U.S. and China. This resurfaced concerns over a
slowdown in the global economy. Also, U.S. President’s firmness that
border security justifies a national emergency and doubts over the latest
round of U.S.-China trade talks kept investors on their toes. Today (as of
Feb 18), Asian markets opened higher amid optimism on U.S.- China trade
talks. Both Nikkei and Hangseng was trading up 1.73% and 1.50%,
respectively (as at 8.a.m. IST).
As per the last close, European markets closed higher following
optimism on U.S.- China trade talks. Some upbeat corporate earnings
reports and comments from European Central Bank about a likely fresh
round of long-term loans to banks further boosted sentiments.
As per the last close, U.S markets closed higher following optimism
about U.S.-China trade talks and preliminary reports showing bigger than
expected rise in U.S. consumer sentiment in Feb 2019. Rise in crude oil
prices boosted the energy stocks. However, unexpected fall in industrial
production in Jan 2019 capped the gains.
FII Derivative Trade Statistics 15-Feb
(Rs Cr) Buy
Sell Open Int.
Index Futures 1953.81 5554.42 29594.15
Index Options 182034.68 180005.06 62953.70
Stock Futures 13604.61 14104.13 89530.86
Stock Options 10680.74 10354.77 9838.80
Total 208273.84 210018.38 191917.51
15-Feb Prev_Day
Change
Put Call Ratio (OI) 1.30 1.11 0.19
Indian Debt Market
Put Call Ratio(Vol) 1.00 0.75 0.24
15-Feb Wk. Ago Mth. Ago
Year Ago
Call Rate 6.24% 6.35% 6.42% 5.95%
T-Repo 6.27% 6.34% 6.44% --
Repo 6.25% 6.25% 6.50% 6.00%
Reverse Repo 6.00% 6.00% 6.25% 5.75%
91 Day T-Bill 6.38% 6.32% 6.58% 6.32%
364 Day T-Bill 6.45% 6.55% 6.81% 6.56%
10 Year Gilt 7.58% 7.52% 7.47% 7.57%
G-Sec Vol. (Rs.Cr) 30256 54792 22219 25720
Currency Market Update
FBIL MIBOR 6.28% 6.44% 6.50% 6.11%
3 Month CP Rate 7.55% 7.45% 7.65% 7.90%
5 Year Corp Bond 8.53% 8.45% 8.46% 8.12%
1 Month CD Rate 6.43% 6.56% 6.66% 6.22%
3 Month CD Rate 7.33% 6.96% 7.13% 7.23%
1 Year CD Rate 7.80% 7.96% 8.13% 7.49%
Commodity Market Update
Currency 15-Feb Prev_Day
Change
USD/INR 71.25 70.94 0.31
GBP/INR 91.23 91.28 -0.05
EURO/INR 80.42 80.00 0.42
International News
JPY/INR 0.65 0.64 0.01
Commodity 15-Feb Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 55.53 52.70 51.75 61.46
Brent Crude($/bl) 66.04 61.46 58.29 62.10
Gold( $/oz) 1321 1314 1289 1353
Gold(Rs./10 gm) 33193 33043 32117 30542
Source: Thomson Reuters Eikon
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
18 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 10,746.55, a premium of 22.15 points,
over the spot closing of 10,724.40. The turnover on NSE’s Futures and
Options segment decreased to Rs. 7,39,087.25 crore on Feb 15, 2019,
compared with Rs. 15,89,159.28 crore on Feb 14, 2019.
The Put-Call ratio stood at 0.96 compared with the previous session’s
close of 0.74.
The Nifty Put-Call ratio stood at 1.30 compared with the previous
session’s close of 1.11.
Open interest on Nifty Futures stood at 23.44 million as against the
previous session’s close at 23.16 million.
Bond yields continued to increase following the sharp surge in crude oil
prices. Further, additional borrowing of Rs. 360 billion planned by the
government also weighed down on the bond market sentiment.
Yield on the 10-year benchmark paper (7.17% GS 2028) rose 6 bps at
7.58% as compared with the previous session’s close of 7.52% after
trading in the range of 7.53% to 7.58%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 4,927 crore (gross) on Feb 15, 2019, compared
with Rs. 19,123 crore (gross) as on Feb 14, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 33,503
crore on Feb 14, 2019.
Banks borrowed Rs. 1,005 crore under the central bank’s Marginal
Standing Facility on Feb 14, 2019 compared with borrowing of Rs. 15
crore on Feb 13, 2019.
The Indian rupee declined against the greenback due to the surge in
crude oil prices on account of OPEC-led supply cut. The rupee closed at
71.22 a dollar, down 0.08% compared with the previous close of 71.16.
The euro declined against the greenback on weaker-than-anticipated
eurozone economic data that raised concerns over the region’s economic
health. The euro was last seen trading at 1.1273 a dollar, down 0.23%
compared with the previous close of 1.1299.
Gold prices gained on dollar weakness following the two-day trade
conference between U.S. and China.
Brent crude prices continued rising tracking OPEC-led production cut of
around 800,000 barrels per day in Jan 2019 to squeeze out supply from
the oil market and support the commodity’s price.
Labor Department report showed first-time claims for U.S.
unemployment benefits unexpectedly increased in the week ended Feb 9,
2019. The report said initial jobless claims rose to 239,000, an increase of
4,000 from the previous week's revised level of 235,000.
Commerce Department data showed U.S. retail sales unexpectedly
decreased in Dec 2018. The Commerce Department said retail sales
decreased 1.2% in Dec after increasing 0.1% in Nov 2018.
Office for National Statistics data showed U.K. retail sales rebounded
strongly in Jan 2019, rising at a faster than expected pace. This happened
on the back of robust clothing and footwear sales supported by price
cuts. Retail sales including auto fuel increased 1% from Dec 2018, when
they had decreased 0.7%.
Markets for You
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