05 Jul 2019
Markets for You
Global Indices
Global Indices 04-Jul Prev_Day Abs. Change
% Change
#
Russell 3000 Closed 1,310 NA NA
Nasdaq Closed 8,170 NA NA
FTSE 7,604 7,609 -6 -0.08
Nikkei 21,702 21,638 64 0.30
Hang Seng 28,796 28,855 -59 -0.21
Indian Indices 04-Jul Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 39,908 39,839 69 0.17
Nifty 50 11,947 11,917 30 0.25
Nifty 100 12,045 12,015 30 0.25
Nifty 500 9,777 9,757 20 0.20
Nifty Bank 31,472 31,382 90 0.29
S&P BSE Power 2,149 2,144 5 0.22
S&P BSE Small Cap 14,337 14,320 17 0.12
S&P BSE HC 12,888 12,936 -48 -0.37
Date P/E Div. Yield P/E Div. Yield
4-Jul 28.86 1.17 29.37 1.23
Month Ago 28.76 1.19 29.73 1.21
Year Ago 22.81 1.23 26.02 1.21
Nifty 50 Top 3 Gainers
Company 04-Jul Prev_Day
% Change
#
United Phos 698 652 7.14
Bharti Airtel 363 353 2.70
Indiabulls HFC 704 691 1.87
Nifty 50 Top 3 Losers Domestic News
Company 04-Jul Prev_Day
% Change
#
Yes Bank 96 100 -3.51
Tata Steel 495 510 -2.94
Titan Industries Limited 1290 1328 -2.87
Advance Decline Ratio
BSE NSE
Advances 1246 920
Declines 1200 863
Unchanged 173 127
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 74381
MF Flows** 8514
*4
th
Jul 2019; **3
rd
Jul 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
3.05%
(May-19)
4.87%
(May-18)
IIP
3.40%
(Apr-19)
4.50%
(Apr-18)
GDP
5.80%
(Mar-19)
8.10%
(Mar-18)
05 July 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
1.60%
(Jan-19)
6.60%
(Dec-18)
Quarter Ago
Inflow/Outflow
327
-1281
2.57%
(Feb-19)
Indian equity markets gained on the eve of the budget. The finance
minister will present the Union Budget 2019-20 on Jul 5, 2019. Also, the
Economic Survey 2019 has outlined a roadmap for India to become a $5
trillion economy by 2024-25.
Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.17% and
0.25% to close at 39,908.06 and 11,946.75, respectively. S&P BSE Mid-
Cap lost 0.19% and S&P BSE Small Cap grew 0.12%.
The overall market breadth on BSE was strong with 1,246 scrips
advancing and 1,200 scrips declining. A total of 173 scrips remained
unchanged.
On the BSE sectoral front, S&P BSE Telecom stood as the major gainer
and grew 1.53%, followed by S&P BSE Realty and S&P BSE Basic Materials
that grew 0.88% and 0.5%, respectively. S&P BSE FMCG and S&P BSE
Auto grew 0.37% each. S&P BSE Consumer Durables was the major loser
that fell 1.58% followed by S&P BSE Metal and S&P BSE Healthcare that
fell 1.12% and 0.37%, respectively.
According to the government's economic survey presented in
Parliament, India’s economy is expected to rise to 7.0% in FY20 as
against 6.8% in FY19. It also projected that in order to be a $5 trillion
economy by FY25 the economy needs to grow at 8% per year. The
economic survey also expressed hopes that an improvement in
consumer demand will boost investments moving ahead. However, the
survey warned that the economy may face some hurdles in the form of
increase in expenditure on the agriculture sector and slowdown in the
economy growth which may adversely impact tax collections.
According to economic survey, gross tax to GDP ratio fell to 10.9% in
2018-19. The ratio fell as indirect tax revenues fell short of budget
estimates by approximately 16%.
According to data from the India Meteorological Department (IMD),
India's monsoon rains were below average for the fifth consecutive
week. The country received 6% less rainfall than the 50-year average in
the week ended on Jul 3, 2019. However, the deficit was the lowest since
the start of the monsoon season on Jun 1, 2019.
According to the commerce & industry minister, India will get
additional revenue worth $217 million from the retaliatory tariffs levied
on 28 U.S. products. U.S. had imposed a global additional tariff of 25%
and 10% on import of steel and aluminium products, respectively in Mar
2018.
According to the commerce minister, India's trade deficit has widened
with as many as 25 major countries including South Korea, Japan,
Germany, Iraq and Saudi Arabia during the past three years. Despite
positive growth of exports, India’s trade deficit has surged due to higher
imports of products such as crude oil, electronic goods, iron and steel,
chemicals, coke, fertilisers, and machinery. These products contribute
more than 70% share in total imports in 2018-19.
Asian equity markets were mixed as weak U.S. economic data raised
worries over the health of the economy but at the same time lifted
hopes of a rate-cut soon by the U.S. Federal Reserve. Private sector job
growth, trade balance and service sector growth came in downbeat.
Today (as of Jul 05), Asian markets opened slightly on a subdued note as
investors remained cautious ahead of the upcoming release of the U.S.
nonfarm payrolls report. Nikkei was trading up only 0.03% and Hangseng
was trading down 0.04% (as at 8.a.m. IST).
As per the last close, European markets closed modestly higher on
reports that top representatives from U.S. and China are planning to
recommence talks in the week ended Jul 12. Further, European
Commission reportedly decided to withhold disciplinary action against
Italy over its fiscal policy, thereby boosting the indices. However, surprise
decline in eurozone’s retail sales in May and fall in Germany’s
construction PMI in Jun restricted the gains.
As per the last close, U.S markets remained closed on account of
public holiday.
Markets for You
FII Derivative Trade Statistics 04-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 1579.53 1572.16 16303.19
Index Options 181834.54 182077.87 36861.19
Stock Futures 8859.49 8398.04 84540.26
Stock Options 3038.75 3025.68 2523.85
Total 195312.31 195073.75 140228.49
04-Jul Prev_Day
Change
Put Call Ratio (OI) 1.43 1.39 0.04
Indian Debt Market
Put Call Ratio(Vol) 0.98 0.95 0.04
04-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 5.67% 5.73% 5.87% 6.09%
T-Repo 5.46% 5.47% 5.79% NA
Repo 5.75% 5.75% 6.00% 6.25%
Reverse Repo 5.50% 5.50% 5.75% 6.00%
91 Day T-Bill 5.95% 5.97% 6.05% 6.46%
364 Day T-Bill 6.09% 6.13% 6.16% 7.14%
10 Year Gilt 6.75% 6.90% 7.02% 7.85%
G-Sec Vol. (Rs.Cr) 87530 70107 44224 32259
Currency Market Update
FBIL MIBOR* 5.90% 5.90% 6.00% 6.25%
3 Month CP Rate 6.90% 7.00% 6.75% 7.20%
5 Year Corp Bond 7.94% 8.10% 8.01% 8.83%
1 Month CD Rate 5.81% 6.24% 6.15% 6.54%
3 Month CD Rate 6.35% 6.51% 6.43% 7.12%
1 Year CD Rate 7.69% 7.18% 7.16% 8.14%
Commodity Market Update
Currency 04-Jul Prev_Day
Change
USD/INR 68.85 68.88 -0.02
GBP/INR 86.57 86.61 -0.04
EURO/INR 77.69 77.73 -0.04
International News
JPY/INR 0.64 0.64 0.00
Commodity 04-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) Closed 59.15 53.45 74.14
Brent Crude($/bl) 64.21 68.22 65.00 76.58
Gold( $/oz) 1415 1409 1325 1256
Gold(Rs./10 gm) 34134 33849 32407 30510
Source: Thomson Reuters Eikon
*As on previous trading day
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
05 July 2019
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Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Nifty Jul 2019 Futures stood at 11,979.65, a premium of 32.90 points,
above the spot closing of 11,946.75. The turnover on NSE’s Futures and
Options segment increased to Rs. 19,71,511.37 crore on Jul 4, 2019,
compared with Rs. 9,80,052.00 crore on Jul 3, 2019.
The Put-Call ratio stood at 0.94 compared with the previous session’s
close of 0.91.
The Nifty Put-Call ratio stood at 1.43 compared with the previous
session’s close of 1.39.
Open interest on Nifty Futures stood at 19.38 million, compared with
the previous session’s close of 19.31.
Bond yield declined after worries over widening fiscal deficit
alleviated. In addition, government official’s remark on borrowings from
overseas market raised expectations of foreign fund inflow and lifted
the market sentiment.
Yield on the 10-year benchmark paper (7.26% GS 2029) declined 8 bps
to 6.75% compared with the previous close of 6.83% after trading in a
range of 6.75% to 6.85%.
Banks borrowings under the repo window of the Liquidity Adjustment
Facility (LAF) stood at Rs. 3,497 crore (gross) on Jul 4, 2019, compared
with Rs. 3,467 crore (gross) as on Jul 3, 2019. Sale of securities under
Reserve Bank of India’s (RBI) reverse repo window stood at Rs. 18,053
crore on Jul 3, 2019.
Banks borrowed Rs. 340 crore under the central bank’s Marginal
Standing Facility on Jul 3, 2019 compared with no borrowings on Jul 2,
2019.
The Indian rupee appreciated against the dollar on optimism of
possible foreign funds inflow after a government official commented on
borrowings from overseas market. The rupee closed at 68.50 a dollar, up
0.60% compared with the previous close 68.91.
The euro rose on dollar weakness with rising expectations of monetary
easing. However, the single currency remains under pressure following
the IMF Managing Director’s nomination as the chief of ECB since she is
considered a policy dove.
Gold prices eased ahead of the U.S. job report, which will give an idea
on the U.S. Federal Reserve’s stance on policy rate cut.
Brent crude prices remained below the $65 per barrel mark amid
indications of slowing demand from the U.S. Oil prices were last seen
trading at $64.80 per barrel.
A report from the commerce department showed that U.S. trade
deficit widened to $55.5 billion in May 2019 from revised figure of $51.2
billion ($50.8 billion originally reported) in Apr 2019. The value of
imports grew 3.3% to $266.2 billion in Jun after declining to $257.6
billion in Apr. Exports grew 2% to $210.6 billion in May after falling to
$206.4 billion in Apr.
A report from the Eurostat showed that eurozone’s retail sales
surprisingly fell 0.3% MoM in May as against a revised decline of 0.1% in
Apr. This marked the second consecutive decline. Retail sales growth
eased to 1.3% on yearly basis from revised growth of 1.8% in Apr.
Markets for You
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