27 Feb 2019
Markets for You
Global Indices
Global Indices 26-Feb Prev_Day Abs. Change
% Change
#
Dow Jones 26,058 26,092 -34 -0.13
Nasdaq 7,549 7,554 -5 -0.07
FTSE 7,151 7,184 -33 -0.45
Nikkei 21,449 21,528 -79 -0.37
Hang Seng 28,772 28,959 -187 -0.65
Indian Indices 26-Feb Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,974 36,213 -240 -0.66
Nifty 50 10,835 10,880 -45 -0.41
Nifty 100 10,982 11,022 -40 -0.36
Nifty Bank 26,953 27,159 -206 -0.76
SGX Nifty 10,828 10,899 -71 -0.65
S&P BSE Power 1,820 1,820 0 0.02
S&P BSE Small Cap 13,550 13,618 -68 -0.50
S&P BSE HC 13,668 13,686 -17 -0.13
Date P/E Div. Yield P/E Div. Yield
26-Feb 26.34 1.19 26.43 1.25
Month Ago 23.68 1.17 26.14 1.25
Year Ago 24.06 1.14 25.95 1.12
Nifty 50 Top 3 Gainers
Company 26-Feb Prev_Day
% Change
#
Zee Ente. 469 445 5.40
Tata Motors 183 176 3.93
Coal India 220 214 2.71
Nifty 50 Top 3 Losers Domestic News
Company 26-Feb Prev_Day
% Change
#
Indiabulls HFC 659 679 -2.88
HCL Tech 1059 1082 -2.16
HDFC Ltd. 1854 1895 -2.16
Advance Decline Ratio
BSE NSE
Advances 915 610
Declines 1623 1188
Unchanged 128 88
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 11711
MF Flows** 15611
*26
th
Feb 2019; **25
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)
27 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
-2080
1802
3.38%
(Oct-18)
Government data showed that India’s fiscal deficit for Apr-Jan 2019
came in at Rs. 7.71 lakh crore, or 121.5% of the budgeted target for FY19
as against 113.7% in the year-ago period. Net tax receipts were Rs. 1.02
lakh crore or 68.7% of the budget estimate for FY19 compared with 76.5%
in the corresponding period of the previous year. The government’s total
expenditure for the period from Apr to Jan 2019 stood at Rs. 20.01 lakh
crore or 81.5% of the budget estimate for FY19 compared with 83.0% in
the corresponding period of the previous year.
According to media reports, the government will come out with
"effective steps" to deal with situations where entities back out after
making perky bids under the insolvency law. The Insolvency and
Bankruptcy Code (IBC) addresses the issue of stressed assets in a time-
bound manner. However, there have been cases where entities have
failed to implement the approved resolution plans. Keeping this in mind,
corporate affairs secretary said the government is looking at taking some
steps to discourage people from making frivolous bids under the Code.
According to a report, the consumer market could grow at 12% annually
over the next 10 years and touch Rs. 335 lakh crore. In 2018, the
consumer market was around Rs. 110 lakh crore, going past 13% annually
in the past decade when it was at Rs. 31 lakh crore in 2008. Between 2008
and 2028, the share of private consumption in GDP has increased from
56.8% to 62%. This is higher than the emerging market average which is
expected to stay constant at 50-51%, the report said.
Commerce and industry minister said chemical exports from India will
get fillip if more such products get subsidy and the process of
environmental clearances becomes faster. The minister met
representatives of pharma and chemicals industries. He said Merchandise
Exports from India Scheme (MEIS) support for specific commodities for
specific markets due to disadvantage arising out of other countries free
trade agreements also needs to be addressed.
Markets for You
Indian equity markets fell on India-Pakistan confrontation tension. The
Indian Air Force carried out "non-military, pre-emptive air strikes" inside
Pakistan early in the morning. Investors are fearing an all-out conflict
between the nuclear-powered nations.
Key benchmark indices S&P BSE Sensex and Nifty 50 dropped 0.66% and
0.41% to close at 35,973.71 and 10,835.30, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap lost 0.27% and 0.50%, respectively.
The overall market breadth on BSE was weak with 915 scrips advancing
and 1623 scrips declining. A total of 128 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Auto was the major gainer, up 0.32%,
followed by S&P BSE Oil & Gas and S&P BSE Utilities, up 0.18% and 0.12%,
respectively. S&P BSE Metal and S&P BSE Teck gained 0.07% and 0.04%,
respectively. S&P BSE Realty was the major loser, down 1.63%, followed
by S&P BSE Finance and S&P BSE Bankex, down 0.95% and 0.75%,
respectively. S&P BSE Capital Goods and S&P BSE Fast Moving Consumer
Goods lost 0.69% and 0.47%, respectively.
Asian equity markets fell as caution over the second summit between
U.S. President and North Korean leader overshadowed optimism around
U.S.-China trade talks. Investors also awaited Federal Reserve chairman’s
testimony before the Congress for fresh hints about the outlook for U.S.
interest rates. Today (as of Feb 27), Asian markets opened higher
following U.S. Federal Reserve Chairman’s comments that U.S. economy
remains healthy but also warned about potential headwinds. Both Nikkei
and Hangseng was trading up 0.42% and 0.21%, respectively (as at 8.a.m.
IST).
As per the last close, European markets closed mostly higher following
strong U.S. economic results and political developments in U.K. on Brexit
concerns.
As per the last close, U.S markets closed marginally lower following
weaker than expected Home Depot earnings, mixed economic data and
testimony from the U.S. Federal Reserve’s Chairman. The Chairman
indicated that U.S. economy remains healthy but also warned about
potential headwinds.
FII Derivative Trade Statistics 26-Feb
(Rs Cr) Buy
Sell Open Int.
Index Futures 5243.96 4946.94 31212.75
Index Options 84015.70 84220.58 62844.59
Stock Futures 24093.05 24995.50 93449.12
Stock Options 7051.10 6908.27 11139.48
Total 120403.81 121071.29 198645.94
26-Feb Prev_Day
Change
Put Call Ratio (OI) 1.40 1.46 -0.06
Indian Debt Market
Put Call Ratio(Vol) 1.19 1.06 0.13
26-Feb Wk. Ago Mth. Ago
Year Ago
Call Rate 6.19% 6.31% 6.41% 5.97%
T-Repo 6.19% 6.28% 6.39% NA
Repo 6.25% 6.25% 6.50% 6.00%
Reverse Repo 6.00% 6.00% 6.25% 5.75%
91 Day T-Bill 6.28% 6.35% 6.54% 6.28%
364 Day T-Bill 6.43% 6.50% 6.76% 6.62%
10 Year Gilt 7.59% 7.58% 7.55% 7.69%
G-Sec Vol. (Rs.Cr) 19749 19291 32425 22590
Currency Market Update
FBIL MIBOR* 6.39% 6.31% 6.54% 6.05%
3 Month CP Rate 7.75% 7.65% 7.65% 7.90%
5 Year Corp Bond 8.39% 8.49% 8.49% 8.13%
1 Month CD Rate 6.73% 6.55% 6.64% 6.25%
3 Month CD Rate 7.33% 7.39% 7.27% 7.26%
1 Year CD Rate 7.68% 7.70% 7.88% 7.53%
Commodity Market Update
Currency 26-Feb Prev_Day
Change
USD/INR 71.10 71.04 0.05
GBP/INR 93.36 92.88 0.48
EURO/INR 80.75 80.60 0.14
International News
JPY/INR 0.64 0.64 0.00
Commodity 26-Feb Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 55.35 56.07 53.48 63.80
Brent Crude($/bl) 65.05 66.40 61.93 68.30
Gold( $/oz) 1329 1341 1303 1333
Gold(Rs./10 gm) 33264 33519 32303 30573
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
27 February 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yields rose marginally with the rising geo-political tension
between India and Pakistan. Concerns over increasing antagonism
escalated following the country’s terrorist training camp in Pakistan.
Yield on the existing 10-year benchmark paper (7.17% GS 2028) rose 1
bps to close at 7.59% as compared with the previous session’s close of
7.58% after trading in the range of 7.57% to 7.62%.
Yield on the upcoming new 10-year benchmark paper (7.26% GS 2029)
closed at 7.42% compared with the previous session’s close of 7.41% after
trading in the range of 7.40% to 7.43%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,342 crore (gross) on Feb 26, 2019, compared
with Rs. 10,586 crore (gross) as on Feb 25, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 21,302
crore on Feb 25, 2019.
Data from the Commerce Department showed wholesale inventories in
the U.S. jumped unexpectedly in Dec 2018. The report said wholesale
inventories surged 1.1% in Dec 2018 after climbing by an upwardly
revised 0.4% in Nov 2018.
Survey data from the GfK revealed Germany's consumer confidence
could remain steady in Mar 2019, amid the sustained sharp decline in
economic expectations and stable income expectations. The forward-
looking consumer confidence indicator showed a reading of 10.8 for Mar
2019, same as in Feb 2019.
Markets for You
Nifty Feb 2019 Futures were at 10,827.80, a discount of 7.50 points, over
the spot closing of 10,835.30. The turnover on NSE’s Futures and Options
segment increased to Rs. 11,90,981.27 crore on Feb 26, 2019.
The Put-Call ratio stood at 1.03, compared with the previous session’s
close of 0.88.
The Nifty Put-Call ratio stood at 1.40 compared with the previous
session’s close of 1.46.
India VIX rose 10.98% to 17.0450 compared with 15.3575 at the previous
trading session.
Open interest on Nifty Futures stood at 22.98 million as against the
previous session’s close at 23.86 million.
The Indian rupee fell against the greenback following the country’s air
strike to counter the terrorist training camp in Pakistan. The rupee closed
at 71.06 a dollar, down 0.12% compared with the previous close of 70.98.
The euro was broadly flat following the release of the German GfK
Consumer Sentiment Index. German consumers were seen to remain
upbeat despite the sluggish economy. The euro was last seen trading at
1.1355 a dollar, up 0.03% compared with the previous close of 1.1358.
Gold prices weakened ahead of the Federal Reserve Chairman’s
testimony to get an idea of the outlook on monetary policy and plan on
interest rate hikes.
Brent crude prices rose slightly following the U.S. President’s remark on
rising oil prices led by OPEC’s supply cut plan.
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