20 Mar 2019
Markets for You
Global Indices
Global Indices 19-Mar Prev_Day Abs. Change
% Change
#
Dow Jones 25,887 25,914 -27 -0.10
Nasdaq 7,724 7,714 9 0.12
FTSE 7,324 7,299 25 0.34
Nikkei 21,567 21,585 -18 -0.08
Hang Seng 29,466 29,409 57 0.19
Indian Indices 19-Mar Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,363 38,095 268 0.70
Nifty 50 11,532 11,462 70 0.61
Nifty 100 11,697 11,630 67 0.57
Nifty Bank 29,768 29,596 172 0.58
SGX Nifty 11,599 11,505 94 0.82
S&P BSE Power 2,015 1,994 21 1.04
S&P BSE Small Cap 14,873 14,818 55 0.37
S&P BSE HC 14,270 14,216 54 0.38
Date P/E Div. Yield P/E Div. Yield
19-Mar 27.99 1.14 28.27 1.17
Month Ago 22.56 1.22 26.23 1.27
Year Ago 22.71 1.19 24.61 1.29
Nifty 50 Top 3 Gainers
Company 19-Mar Prev_Day
% Change
#
Bharti Infratel 328 318 2.99
HCL Tech 1036 1012 2.39
RIL 1377 1350 1.96
Nifty 50 Top 3 Losers Domestic News
Company 19-Mar Prev_Day
% Change
#
NTPC 135 159 -15.02
Eicher Motors 21759 22251 -2.21
Hero Moto 2614 2670 -2.08
Advance Decline Ratio
BSE NSE
Advances 1390 963
Declines 1322 882
Unchanged 163 106
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 36841
MF Flows** 3744
*19
th
Mar 2019; **15
th
Mar 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
2.57%
(Feb-19)
4.44%
(Feb-18)
IIP
1.70%
(Jan-19)
7.50%
(Jan-18)
GDP
6.60%
(Dec-18)
7.70%
(Dec-17)
20 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
8.40%
(Oct-18)
7.10%
(Sep-18)
Quarter Ago
Inflow/Outflow
-1389
2502
3.38%
(Oct-18)
Indian equity markets gained for the seventh straight session,
registering its longest gaining stint since Dec 19, 2018. Markets touched
more than six-month high as investors remained hopeful of a stable
government after the elections and the Reserve Bank of India (RBI) might
cut rates in its next meeting. Also, a global brokerage firm upgraded its
view on India to "overweight".
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.70% and
0.61% to close at 38,363.47 and 11,532.40, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap gained 0.52% and 0.37%, respectively.
The overall market breadth on BSE was strong with 1390 scrips
advancing and 1322 scrips declining. A total of 164 scrips remained
unchanged.
On the BSE sectoral front, S&P BSE Telecom was the major gainer, up
1.75%, followed by S&P BSE Energy and S&P BSE Utilities, up 1.53% and
1.2%, respectively. S&P BSE FMCG and S&P BSE Oil & Gas gained 1.14%
and 1.06%, respectively. The biggest losers were S&P BSE Capital Goods
and S&P BSE Auto, both down 0.61%, followed by S&P BSE Industrials
and S&P BSE Metal, down 0.2% and 0.11%, respectively.
The Niti Aayog Chief underlined the importance of increasing
investment in the agriculture sector and introducing new technology and
reformatory measures and also advocated for doing away with the
Agriculture Produce Marketing Committee Essential Commodities Act
that restricts the movement of farm produces. He further added the
need of spreading good agriculture practice and opined that growth in
agriculture sector is imperative in order to achieve 9 to 10% GDP growth.
The Goods and Services Tax (GST) Council gave its approval for the
implementation of new tax structure for housing units. According to the
revenue secretary, the GST rates for the new projects will be applicable
from Apr 1, 2019. The Council also mandated that 80% of materials need
to be procured from registered dealer while 15% of commercial space
would be treated as residential property for GST purpose.
Data from the Petroleum Planning & Analysis Cell showed that the total
usage of oil products by the country increased 3.8% to 17.4 million
tonnes in Feb 19 compared to the same period of the previous year. The
increase in oil consumption can be attributed to increased demand for
cooking fuel and transportation fuel.
The Insolvency and Bankruptcy Board of India and the Securities and
Exchange Board of India have entered into an agreement for effective
implementation of the new bankruptcy law. The two bodies will hold
meetings at regular intervals and take up matters of mutual interest
which include regulatory requirements, research, data analysis,
information technology and data sharing.
According to media reports, the RBI is urging banks to track closely the
end usage of funds in order to prevent divergence of the same by
corporate borrowers. RBI is of the view that the usage of funds can be
tracked with the help of technology, electronic payments and
interlinkage between banks. The move comes at a time when the
banking sector is plagued with non performing assets.
Markets for You
Asian equity markets were broadly lower because investors became
cautious ahead of several global central banks’ meetings slated in the
week. The U.S. Federal Reserve (Fed) will start its two-day monetary
policy conference later in the day, while the Bank of England will come
out with its interest rate decision on Mar 21, 2019. Today (as of Mar 20),
Asian markets opened lower following U.S.-China trade uncertainty amid
conflicting reports on the progress of U.S.-China trade negotiations. Both
Nikkei and Hangseng were trading down 0.21% and 0.37%, respectively
(as at 8.a.m. IST).
As per the last close, European markets closed higher following gains in
auto stocks. However, concerns amid Brexit uncertainty and U.S. Federal
Reserve’s monetary policy decision today capped the gains.
As per the last close, U.S markets closed almost lower following
conflicting reports over the progress of U.S.-China trade negotiations.
Investors were also cautious ahead of the monetary policy decision of
the U.S. Federal Reserve scheduled today.
FII Derivative Trade Statistics
19-Mar
(Rs Cr) Buy
Sell Open Int.
Index Futures 4625.54 3797.56 26741.09
Index Options 225369.27 224818.05 79742.71
Stock Futures 11931.33 12733.15 91856.92
Stock Options 10119.09 10059.90 8721.81
Total 252045.23 251408.66 207062.53
19-Mar Prev_Day
Change
Put Call Ratio (OI) 1.78 1.67 0.11
Indian Debt Market
Put Call Ratio(Vol) 1.05 0.96 0.09
19-Mar Wk. Ago Mth. Ago
Year Ago
Call Rate 6.20% 6.14% 6.31% 5.91%
T-Repo 6.14% 6.13% 6.28% NA
Repo 6.25% 6.25% 6.25% 6.00%
Reverse Repo 6.00% 6.00% 6.00% 5.75%
91 Day T-Bill 6.26% 6.32% 6.35% 6.13%
364 Day T-Bill 6.40% 6.44% 6.50% 6.50%
10 Year Gilt 7.38% 7.36% 7.37% 7.61%
G-Sec Vol. (Rs.Cr) 30753 31361 19291 34854
Currency Market Update
FBIL MIBOR* 6.30% 6.28% 6.31% 5.99%
3 Month CP Rate 7.45% 7.60% 7.65% 7.24%
5 Year Corp Bond 8.46% 8.39% 8.49% 8.17%
1 Month CD Rate 7.22% 7.12% 6.55% 6.83%
3 Month CD Rate 7.29% 7.29% 7.39% 6.79%
1 Year CD Rate 7.41% 7.79% 7.70% 7.26%
Commodity Market Update
Currency 19-Mar Prev_Day
Change
USD/INR 68.58 68.61 -0.02
GBP/INR 91.01 91.12 -0.11
EURO/INR 77.82 77.78 0.04
International News
JPY/INR 0.62 0.62 0.00
Commodity 19-Mar Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 59.07 56.84 56.07 62.00
Brent Crude($/bl) 67.47 64.77 66.40 64.36
Gold( $/oz) 1306 1302 1341 1317
Gold(Rs./10 gm) 31952 32033 33519 30154
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
20 March 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Mar 2019 Futures were at 11,570.75, a premium of 38.35 points,
over the spot closing of 11,532.40. The turnover on NSE’s Futures and
Options segment increased to Rs. 10,70,873.47 crore on Mar 19, 2019,
compared with Rs. 10,46,898.95 crore on Mar 18, 2019.
The Put-Call ratio stood at 0.90, compared with the previous session’s
close of 0.92.
The Nifty Put-Call ratio stood at 1.78 compared with the previous
session’s close of 1.67.
India VIX decreased 3.28% to 16.3450 compared with 16.9000 at the
previous trading session.
Bond yields moved up as market participants resorted to profit
booking ahead of the heavy corporate debt supply and to gain from the
recent rally.
Yield on the existing 10-year benchmark paper (7.17% GS 2028) rose 6
bps to 7.54% as compared with the previous session’s close of 7.48%
after trading in the range of 7.48% to 7.55%.
Yield on the upcoming new 10-year benchmark paper (7.26% GS 2029)
rose 6 bps to close at 7.38% compared with the previous session’s close
of 7.32% after trading in the range of 7.33% to 7.39%.
Banks’ borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 6,261 crore (gross) on Mar 19, 2019, compared
with Rs. 3,661 crore (gross) as on Mar 18, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 23,802
crore on Mar 18, 2019.
The Indian rupee drifted lower on greenback purchases by corporates
and importers. The two-day Fed monetary policy meeting also weighed
down on the local unit.
The euro rose on dollar weakness on expectations that the U.S. Fed
may resort to accommodative monetary policy due to concerns over
U.S. economic growth. Investors expect a rate cut following weaker than
expected U.S. manufacturing data, which has profited the single
currency.
Gold prices edged higher on weak dollar as market participants await
the outcome of the two-day Fed policy meeting.
Brent Crude prices continued to rise amid market sentiments that
were swayed by OPEC-led supply cut to tighten the oil market.
Office for National Statistics data showed U.K. employment level
increased to a record high in the three months to Jan 2019. Jobless rate
eased to its lowest level since the mid-1970s. Employment grew by
222,000 persons to a record 32.71 million in the three months to Jan.
This was the largest rolling quarter-increase since the period Sep to Nov
2015.
According to the National Association of Home Builders data,
homebuilder confidence in the U.S. held steady in Mar 2019. The
NAHB/Wells Fargo Housing Market Index came in at 62 in Mar,
unchanged from Feb 2019 and lower than expectations.
Markets for You
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