01 Mar 2019
Markets for You
Global Indices
Global Indices 28-Feb Prev_Day Abs. Change
% Change
#
Dow Jones 25,916 25,985 -69 -0.27
Nasdaq 7,533 7,555 -22 -0.29
FTSE 7,075 7,107 -32 -0.46
Nikkei 21,385 21,557 -171 -0.79
Hang Seng 28,633 28,757 -124 -0.43
Indian Indices 28-Feb Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,867 35,905 -38 -0.11
Nifty 50 10,793 10,807 -14 -0.13
Nifty 100 10,960 10,962 -2 -0.02
Nifty Bank 26,790 26,799 -9 -0.04
SGX Nifty 10,794 10,801 -7 -0.06
S&P BSE Power 1,829 1,812 17 0.93
S&P BSE Small Cap 13,690 13,573 116 0.86
S&P BSE HC 13,761 13,711 50 0.36
Date P/E Div. Yield P/E Div. Yield
28-Feb 26.23 1.20 26.32 1.25
Month Ago 23.30 1.18 25.85 1.27
Year Ago 23.69 1.16 25.68 1.13
Nifty 50 Top 3 Gainers
Company 28-Feb Prev_Day
% Change
#
Coal India 228 221 3.09
Vedanta Limited 169 165 2.88
Indian Oil 145 141 2.63
Nifty 50 Top 3 Losers Domestic News
Company 28-Feb Prev_Day
% Change
#
TCS 1983 2058 -3.63
Eicher Motors 19869 20408 -2.64
Maruti 6830 6969 -1.99
Advance Decline Ratio
BSE NSE
Advances 1438 1076
Declines 1064 697
Unchanged 148 97
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 12958
MF Flows** 14518
*28
th
Feb 2019; **27
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
6.60%
(Dec-18)
7.70%
(Dec-17)
01 March 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)
7.10%
(Sep-18)
Quarter Ago
Inflow/Outflow
-324
-416
3.38%
(Oct-18)
Government data showed that the growth forecast of the Indian
economy for FY19 was downgraded to 7% from the earlier projection of
7.2%. The growth of the agriculture sector is projected to slow down to
2.7% in FY19 from a growth rate of 5.0% in FY18. However, the growth of
the manufacturing sector is expected to grow to 8.1% in FY19 from 5.9% in
FY18. The growth of the construction sector is also expected to go up to
8.9% in FY19 from 5.6% in FY18.
Government data showed that the growth estimate of the Indian
economy for the period from Oct to Dec of 2018 was estimated to have
slowed down to 6.6% from 7.0% in the previous quarter. This was the
slowest rate of growth in as many as six quarters. On the sectoral front,
the growth of the agriculture sector was estimated to have slowed down
to 2.7% in Q3FY19 from 4.2% in the Q2FY19. The growth of the
manufacturing sector was also estimated to have slowed down to 6.7%
from 6.9%. However, the growth of the construction sector was estimated
to have gone up to 9.6% in Q3FY19 from 8.5% in Q2FY19. The estimated
growth of Financial, Real Estate & Professional Services also inched up to
7.3% in Q3FY19 from 7.2% in Q2FY19.
Government data showed that the growth of eight core sectors slowed
for the third consecutive month to 1.8% from 2.7% in the previous month
and 6.2% in the same month of the previous year. The slowdown came as
growth in crude oil sector and refinery product sector remained in
contractionary mode and fell 4.3% and 2.6% respectively. However, the
cement sector witnessed a maximum growth of 11.0% followed by that of
fertilizers which grew 10.5%. For the period from Apr 18 to Jan 19, the
growth of eight core sectors slowed to 4.5% from 4.1% in the same period
of the previous year.
Markets for You
Asian equity markets were mostly lower as comments by the U.S. Trade
Representative and weak Chinese data dampened sentiment. This
overshadowed recent optimism over U.S.-China trade talks. Also, U.S.
President and North Korean leader ended their talks earlier than
scheduled. Today (as of Mar 1), Asian markets opened higher due to
optimism on stronger than expected economic growth in U.S. in Q418.
Nikkei and Hangseng rose 0.74% and 0.27%, respectively (as at 8.a.m. IST).
As per the last close, European markets closed on a mixed note. Investors
traded cautiously over geopolitical concerns and uncertainty about U.S.-
China trade talks and Brexit. Some disappointing earnings reports and
China’s weak manufacturing data for Feb 2019 also weighed on the indices.
As per the last close, U.S markets closed almost lower due to geopolitical
uncertainty after the summit between U.S. President and North Korean
leader ended without an agreement over the denuclearization of the
Korean peninsula. However, lower than expected QoQ slowdown in U.S.
economic growth in Q418 restricted the losses.
Indian equity markets remained lower over geopolitical tensions and as
investors awaited the release of GDP and core industry data after market
hours. Also, traders squared-off their positions on the eve of expiry of Feb
2019 series derivative contracts amid rising uncertainties. Global cues
were weak too as U.S.-China trade relations again hit an air pocket with
U.S. officials saying China needs to do more for a long-term agreement to
fructify.
Key benchmark indices S&P BSE Sensex and Nifty 50 dropped 0.11% and
0.13% to close at 35,867.44 and 10,792.50, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap gained 0.49% and 0.86%, respectively.
The overall market breadth on BSE was strong with 1438 scrips
advancing and 1064 scrips declining. A total of 148 scrips remained
unchanged.
On the BSE sectoral front, S&P BSE Consumer Durables was the major
gainer, up 1.49%, followed by S&P BSE Oil & Gas and S&P BSE Realty, up
1.29% and 1.1%, respectively. S&P BSE Capital Goods and S&P BSE Energy
gained 1.04% and 1.03%, respectively.
FII Derivative Trade Statistics 28-Feb
(Rs Cr) Buy
Sell Open Int.
Index Futures 10100.20 9643.82 32022.52
Index Options 249985.16 249349.98 65672.10
Stock Futures 31479.84 31092.95 95047.88
Stock Options 10864.52 10956.14 11145.71
Total 302429.72 301042.89 203888.21
28-Feb Prev_Day
Change
Put Call Ratio (OI) 1.29 1.37 -0.08
Indian Debt Market
Put Call Ratio(Vol) 1.12 1.31 -0.19
28-Feb Wk. Ago Mth. Ago
Year Ago
Call Rate 6.19% 6.28% 6.43% 5.93%
T-Repo 6.21% 6.26% 6.40% NA
Repo 6.25% 6.25% 6.50% 6.00%
Reverse Repo 6.00% 6.00% 6.25% 5.75%
91 Day T-Bill 6.39% 6.38% 6.54% 6.31%
364 Day T-Bill 6.55% 6.47% 6.75% 6.64%
10 Year Gilt 7.59% 7.54% 7.54% 7.73%
G-Sec Vol. (Rs.Cr) 28598 18081 18601 19186
Currency Market Update
FBIL MIBOR* 6.35% 6.37% 6.54% 6.05%
3 Month CP Rate 7.80% 7.75% 7.60% 7.92%
5 Year Corp Bond 8.37% 8.46% 8.47% 8.14%
1 Month CD Rate 7.19% 6.60% 6.60% 6.25%
3 Month CD Rate 7.40% 7.38% 7.36% 7.25%
1 Year CD Rate 7.95% 7.60% 8.18% 7.58%
Commodity Market Update
Currency 28-Feb Prev_Day
Change
USD/INR 71.20 71.17 0.03
GBP/INR 94.70 94.22 0.49
EURO/INR 80.98 80.97 0.01
International News
JPY/INR 0.64 0.64 0.00
Commodity 28-Feb Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 57.16 56.90 51.74 61.42
Brent Crude($/bl) 64.47 67.45 60.15 66.72
Gold( $/oz) 1313 1323 1303 1318
Gold(Rs./10 gm) 33250 33531 32691 30398
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
01 March 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Bond yields declined with signs of easing geo-political tension between
India and Pakistan. Pakistan’s Prime Minister announced to release an
Indian pilot in their custody as a gesture of peace.
Yield on the existing 10-year benchmark paper (7.17% GS 2028)
declined 8 bps to close at 7.59% as compared with the previous session’s
close of 7.67% after trading in the range of 7.59% to 7.68%.
Yield on the upcoming new 10-year benchmark paper (7.26% GS 2029)
declined 6 bps to close at 7.41% compared with the previous session’s
close of 7.47% after trading in the range of 7.41% to 7.47%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,001 crore (gross) on Feb 28, 2019, compared
with Rs. 13,347 crore (gross) as on Feb 27, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 18,371
crore on Feb 27, 2019.
The Indian rupee appreciated against the greenback following gesture
of peace by Pakistan Prime Minister who reportedly said that the country
would release the Indian pilot in their custody. The rupee closed at 70.72
a dollar, up 0.70% compared with the previous close of 71.72.
The euro rose on expectations of improving European economy with
the rise in core European bond yield. The euro was last seen trading at
1.1413 a dollar, up 0.39% compared with the previous close of 1.1369.
According to data from the Commerce Department, new orders for U.S.
manufactured goods grew weaker than expected in Dec 2018. Factory
orders inched up 0.1% in Dec 2018 after falling by a revised 0.5% in Nov
2018.
Latest survey from the National Bureau of Statistics revealed
manufacturing sector in China continued to contract at a faster rate in
Feb 2019. Manufacturing Purchasing Managers’ Index (PMI) score for Feb
2019 stood at 49.2, which was weaker than expectations and was
unchanged from the previous month’s score.
Markets for You
Nifty Feb 2019 Futures settled at spot closing of 10,792.50. Nifty Mar
2019 Futures were at 10,857.25, a premium of 64.75 points, above the
spot closing. The turnover on NSE’s Futures and Options segment
increased to Rs. 17,01,134.76 crore on Feb 28, 2019, compared with Rs.
14,77,021.36 crore on Feb 27, 2019.
The Put-Call ratio stood at 0.89, compared with the previous session’s
close of 1.10.
The Nifty Put-Call ratio stood at 1.29 compared with the previous
session’s close of 1.37.
Open interest on Nifty Futures stood at 24.78 million as against the
previous session’s close at 23.26 million.
Gold prices moved up after U.S. Trade representative hinted that China
is required to put in more efforts to reach a long-term trade agreement.
Brent crude prices tumbled following surge in U.S. crude inventory by
more than 2 million barrels per day.
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