21 Feb 2019
Markets for You
Global Indices
Global Indices 20-Feb Prev_Day Abs. Change
% Change
#
Dow Jones 25,954 25,891 63 0.24
Nasdaq 7,489 7,487 2 0.03
FTSE 7,229 7,179 49 0.69
Nikkei 21,431 21,303 129 0.60
Hang Seng 28,514 28,228 286 1.01
Indian Indices 20-Feb Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,756 35,353 404 1.14
Nifty 50 10,735 10,604 131 1.24
Nifty 100 10,865 10,731 134 1.25
Nifty Bank 26,956 26,685 271 1.01
SGX Nifty 10,762 10,612 151 1.42
S&P BSE Power 1,787 1,760 26 1.50
S&P BSE Small Cap 13,272 13,162 111 0.84
S&P BSE HC 13,379 13,314 64 0.48
Date P/E Div. Yield P/E Div. Yield
20-Feb 22.97 1.20 26.50 1.26
Month Ago 23.96 1.16 26.19 1.24
Year Ago 23.34 1.18 25.09 1.09
Nifty 50 Top 3 Gainers
Company 20-Feb Prev_Day
% Change
#
Indiabulls HFC 645 614 5.03
Vedanta Limited 160 153 4.67
Adani Ports & SEZ 355 340 4.48
Nifty 50 Top 3 Losers Domestic News
Company 20-Feb Prev_Day
% Change
#
Hero Moto 2624 2637 -0.50
Bajaj Auto 2775 2788 -0.47
Dr.Reddy 2525 2537 -0.46
Advance Decline Ratio
BSE NSE
Advances 1490 1119
Declines 1121 676
Unchanged 155 105
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -3168
MF Flows** 12784
*20
th
Feb 2019; **19
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)
21 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
426
-1559
3.38%
(Oct-18)
According to media reports, the Ministry of Finance will infuse Rs.
48,239 crore in 12 state run banks in this fiscal. The objective of the move
is to help the banks maintain regulatory capital requirements and finance
growth plans. The total amount of capital infusion with this funding will
thus increase to Rs. 1,00,958 crore of the planned recapitalisation of Rs
1.06 lakh crore for the state run banks in this fiscal.
The Union Cabinet has approved the National Electronics Policy. The
policy aims at domestic production of electronics goods to touch $400
billion by 2025 against around $80 billion now. The policy has proposed
interest subvention scheme under which an interest subsidy of 4% will be
provided on loans of up to Rs. 1,000 crore on plant and machinery. In case
of a larger loan, subsidy will be limited to Rs. 1,000 crore.
Foreign direct investment (FDI) into India shrank 7% to $33.49 billion
during Apr-Dec in FY19, according to commerce and industry ministry
data. Foreign fund inflows during Apr-Dec FY18 stood at $35.94 billion.
The sectors that received the maximum foreign investment during in the
nine months of the fiscal are services ($5.91 billion), computer software
and hardware ($4.75 billion), telecommunications ($2.29 billion), trading
($2.33 billion), chemicals ($6.05 billion), and the automobile industry
($1.81 billion).
According to media reports, the US Supreme Court gave approval to Dr
Reddy's for the sale of generic versions of the drug Suboxone film which is
used for opioid addiction treatment. Dr Reddy's had to withdraw g-
Suboxone after it was launched in July, 2018 due to an ongoing patent
infringement litigation between the Dr Reddy's and Indivior.
According to media reports, Moody’s Investors Service has revised the
outlook for both Tata Steel and JSW Steel to stable and positive,
respectively. The improvement comes as the global credit rating agency
noted improvement in companies’ credit profiles.
Markets for You
Indian equity markets finally gained after an eight-day losing streak.
Investors were buoyed by developments on the U.S.-China trade front.
The U.S. President hinted that the truce between them could be extended,
which means raised tariffs on Chinese imports could be delayed.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 1.14% and
1.24%, respectively, to close at 35,756.26 and 10,735.45, respectively. S&P
BSE Mid-Cap and S&P BSE Small Cap gained 0.91% and 0.84%,
respectively.
The overall market breadth on BSE was strong with 1490 scrips
advancing and 1121 scrips declining. A total of 155 scrips remained
unchanged.
On the BSE sectoral front, all the sectors gained. S&P BSE Metal was the
major gainer, up 2.99%, followed by S&P BSE Basic Materials and S&P BSE
Oil & Gas, up 2.24% and 2.19%, respectively. S&P BSE Utilities and S&P BSE
Energy gained 1.78% and 1.64%, respectively. S&P BSE Power and S&P BSE
Information Technology gained 1.5% and 1.44%, respectively.
Asian equity markets were mostly high as investors cheered encouraging
U.S. earnings and chances of a U.S.-China trade resolution seemed to
increase. The U.S. President said the U.S.-China trade talks are "going very
well" and hinted that the Mar deadline to reach a deal could be
postponed. Today (as of Feb 21), Asian markets opened lower a following
a choppy session on Wall Street as traders tried to interpret a release from
the U.S. Federal Reserve. Both Nikkei and Hangseng was trading down
0.48% and 0.39%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed higher following
optimism on U.S.- China trade talks. Investors were also optimistic over
U.S. Federal Reserve’s latest policy meeting minutes for clues on interest
rate and its balance sheet reduction policy.
As per the last close, U.S markets closed modestly higher following
optimism about U.S.-China trade talks. Investors also digested the minutes
of the latest Federal Reserve meeting, providing further insight into the
central bank's decision to change the forward guidance language and
indicate a patient approach to raising interest rates.
FII Derivative Trade Statistics 20-Feb
(Rs Cr) Buy
Sell Open Int.
Index Futures 2928.54 2154.40 30576.74
Index Options 130140.23 130295.96 64276.65
Stock Futures 10570.82 10407.06 89102.94
Stock Options 8220.11 8358.04 10443.41
Total 151859.70 151215.46 194399.74
20-Feb Prev_Day
Change
Put Call Ratio (OI) 1.30 1.12 0.19
Indian Debt Market
Put Call Ratio(Vol) 0.87 0.85 0.03
20-Feb Wk. Ago Mth. Ago
Year Ago
Call Rate 6.29% 6.14% 6.45% 5.96%
T-Repo 6.34% 6.12% 6.49% --
Repo 6.25% 6.25% 6.50% 6.00%
Reverse Repo 6.00% 6.00% 6.25% 5.75%
91 Day T-Bill 6.40% 6.31% 6.50% 6.31%
364 Day T-Bill 6.50% 6.49% 6.79% 6.55%
10 Year Gilt 7.55% 7.47% 7.60% 7.67%
G-Sec Vol. (Rs.Cr) 23364 59946 30263 17498
Currency Market Update
FBIL MIBOR* Closed 6.35% 6.48% 6.05%
3 Month CP Rate 7.75% 7.40% 7.65% 7.88%
5 Year Corp Bond 8.39% 8.34% 8.44% 8.15%
1 Month CD Rate 6.65% 6.43% 6.68% 6.24%
3 Month CD Rate 7.39% 7.19% 7.14% 7.23%
1 Year CD Rate 7.62% 7.75% 7.87% 7.48%
Commodity Market Update
Currency 20-Feb Prev_Day
Change
USD/INR 71.18 Closed NA
GBP/INR 92.93 Closed NA
EURO/INR 80.71 Closed NA
International News
JPY/INR 0.64 Closed NA
Commodity 20-Feb Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 56.85 53.79 53.55 61.89
Brent Crude($/bl) 67.36 63.66 62.23 63.92
Gold( $/oz) 1338 1306 1281 1329
Gold(Rs./10 gm) 33730 32855 32276 30567
Source: Thomson Reuters Eikon
*As on 19th Feb 2019
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
21 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 10,751.85, a premium of 16.40 points,
over the spot closing of 10,735.45. The turnover on NSE’s Futures and
Options segment increased to Rs. 10,11,506.05 crore on Feb 20, 2019,
compared with Rs. 8,68,444.29 crore on Feb 19, 2019.
The Put-Call ratio stood at 0.91, compared with the previous session’s
close of 0.88.
The Nifty Put-Call ratio stood at 1.30 compared with the previous
session’s close of 1.12.
Open interest on Nifty Futures stood at 24.34 million as against the
previous session’s close at 24.41 million.
Bond yields lowered after the central bank announced to transfer an
amount of Rs. 280 billion as an interim surplus to bridge the fiscal deficit.
This was a positive surprise for the market, which helped ease the yield.
Yield on the 10-year benchmark paper (7.17% GS 2028) declined 3 bps
at 7.55% as compared with the previous session’s close of 7.58% after
trading in the range of 7.54% to 7.58%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 18,726 crore (gross) on Feb 20, 2019, compared
with Rs. 20,926 crore (gross) as on Feb 18, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 4,671
crore on Feb 18, 2019.
Banks borrowed Rs. 215 crore under the central bank’s Marginal
Standing Facility on Feb 18, 2019 compared with borrowing of Rs. 1,085
crore on Feb 15, 2019.
The Indian rupee gained on dollar weakness ahead of the U.S. Federal
Reserve meeting minutes as market participants are expecting to get
clarity on the central bank’s plans on interest rate hikes. The rupee closed
at 71.11 a dollar, up 0.32% compared with the previous close of 71.34.
The euro drifted lower, reeling under the pressure of economic
slowdown in the eurozone. The euro was last seen trading at 1.1334 a
dollar, down 0.05% compared with the previous close of 1.1340.
Gold prices gained as investors awaited the minutes of the U.S. Federal
Reserve meeting to get further clarity on the interest rate hike plan for
the year.
Brent crude prices declined following the rise in U.S. crude production
to a record 11.9 million barrels per day in 2018.
The National Association of Home Builders report showed a significant
increase in U.S. homebuilder confidence in Feb 2019. This reflects
growing consumer confidence and falling interest rates. The report said
the NAHB/Wells Fargo Housing Market Index increased to 62 in Feb,
which is more than expectations, after rising to 58 in Jan 2019. With the
increase, the index continued to recover after hitting a more than three-
year low of 56 in Dec 2018.
ZEW - Leibniz Centre for European Economic Research data showed
Germany's investor confidence improved further to its highest level in
five months in Feb 2019. The ZEW Indicator of Economic Sentiment for
Germany rose to -13.4 points from -15.0 points in Jan 2019.
Markets for You
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