Daily Dossier August 09, 2019

Domestic Equity (% Change) Global Equity (% Change) Index 1 Day 1 Week 1 Year Index 1 Day 1 Week 1 Year S&P BSE Sensex 1.74 0.83 -1.48 Nasdaq Composite 2.24 -0.89 1.91 S&P BSE 100 1.56 0.53 -4.94 Nikkei 0.37 -4.40 -9.06 S&P BSE 200 1.49 0.58 -6.22 FTSE 1.21 -3.94 -6.31 Nifty 50 1.63 0.48 -3.65 SSE Composite Index 0.93 -3.93 1.84 Nifty 100 1.58 0.57 -5.01 KOSPI 0.57 -4.79 -16.55 Nifty 200 1.49 0.54 -6.49 HangSeng 0.48 -5.24 -7.89 Returns less than 1 year are absolute and greater than 1 year are compounded Returns less than 1 year are absolute and greater than 1 year are compounded annualized annualized

Domestic Fixed Income (% Change) Domestic Commodity (% Change) Index 1 Day 1 Week 1 Year Index 1 Day 1 Week 1 Year ICRA Composite Gilt Index 38.92 36.96 16.86 Crude Oil (1 bbl) -4.43 -10.14 -23.83 ICRA Liquid Index 6.28 6.55 7.38 Gold (10 gm) 0.02 7.16 25.93 ICRA Composite Bond Fund 31.34 32.12 14.66 Silver (1 kg) 0.34 6.92 14.07 Index ICRA Composite AAA 21.50 27.49 12.98 Aluminium (1 kg) 0.35 0.81 2.63 Corporate Bond Index Returns less than 1 year are simple annualised and greater than 1 year are Returns are absolute compounded annualized

Currency Data (Reference Rate) Key Economic Indicators (In %) Index 8-Aug-19 1-Aug-19 8-Aug-18 Index Latest Previous INR / USD 70.85 69.06 68.65 WPI (Jun'19) 2.02 2.45 INR / EUR 79.39 76.31 79.72 CPI (Jun'19) 3.18 3.05 INR / GBP 86.15 83.75 88.82 IIP (May'19) 3.10 4.30 INR / 100 Yen 66.76 63.24 61.74 GDP (Q4 FY'19) 5.80 6.60

Quote of the day “Only when the tide goes out do you discover who's been swimming naked." - Warren Buffett

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Equity

Nifty 50 and Put Call Ratio Movement Advance Decline Ratio NSE BSE

1.27 Put/ Call Advance 1,057 1,351 11,007 1.12 Decline 742 1,069

Nifty 50 Nifty 10,881 0.97 10,755 0.82 Unchanged 120 140 2-Aug-19 4-Aug-19 6-Aug-19 8-Aug-19 Nifty 50 Spot Index Put Call Ratio

Institutional Flow - Equity (₹ Cr.) Institutional Flow - Debt (₹ Cr.) Purchase Sales Net Purchase Sales Net FII Flows 5,338 5,850 -512 FII Flows 2,117 1,030 1,087 MF Flows** 5,238 2,341 2,898 MF Flows** 12,437 10,674 1,763 DII Flows 4,193 3,901 291 ** Data as on Jul 31, 2019 • Indian equity markets gained after media reports said the government could exempt foreign portfolio investors (FPIs) from an increase in taxes. The proposal to increase tax was announced in the Union Budget 2019-20 and since then equity markets have witnessed huge outflows by FPIs. Also, the Reserve Bank of India (RBI) cutting interest rates by a more than expected 35 basis points and promising liquidity support to the financial sector on Aug 7, 2019, at its policy meet supported sentiment. • Key benchmark indices S&P BSE Sensex and Nifty 50 gained 1.74% and 1.63% to close at 37,327.36 and 11,032.45, respectively. S&P BSE Mid-Cap and S&P BSE Small Cap gained 0.42% and 0.74%, respectively.

Debt

G-Sec Yield Vs. Debt Market Traded Volume Liquidity Indicators (₹ Cr.) 8-Aug-19 7-Aug-19 8-Aug-18 6.80 160,000 G-Sec 44,834 100,742 20,205

Traded Traded Volume LAF 5,444 -5,359 5,194 6.60 110,000 T-Bill 13,162 13,279 10,231

6.40 60,000 Call 12,184 14,751 13,938

Sec Yield Sec -

G T-Repo 142,958 156,815 NA 6.20 10,000 09-Jul-19 19-Jul-19 29-Jul-19 08-Aug-19 10 Yrs G-Sec Traded Volume Policy Rates (in %) Top 5 traded G - Sec Volume Closing Change 8-Aug-19 1-Aug-19 8-Aug-18 Security (Rs. Cr.) Yield in BPS Reverse Repo 5.15 5.50 6.25 07.26 GS 2029 18,803 6.40 3 Repo 5.40 5.75 6.50 07.32 GS 2024 6,567 6.14 0 CRR 4.00 4.00 4.00 07.17 GS 2028 4,659 6.56 -1 SLR 18.75 18.75 19.50 07.27 GS 2026 3,250 6.36 0 Bank Rate 5.65 6.00 6.75 06.79 GS 2029 1332 6.69 1

• Bond yields continued to increase on account of ambiguity over future policy rate cuts, both in terms of quantum and timing, after the rate-cutting panel trimmed policy rates in its latest meet. The RBI governor said future rate cuts would be data driven. • Yield on the 10-year benchmark paper (7.26% GS 2029) rose 3 bps to close at 6.40% compared with the previous close of 6.37% after trading in a range of 6.36% to 6.41%.

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Commodity and Currency

Global Commodity Movement of USD/INR with Domestic Gold prices Category Current Prev Day % Change Rupee Vs. Gold

37,246 USD per Rupee Gold ($/oz) 1,500.00 1,500.80 -0.05 75 34,551 Silver ($/oz) 16.90 17.10 -1.17 72

NYMEX Crude($/bbl) 52.55 51.09 2.86 31,856 69 Gold (in Rs.) Gold(in Brent Crude($/bbl) 55.43 54.17 2.33 29,161 66 Baltic Dry Index 1,720.00 1,712.00 0.47 08-Aug-18 08-Dec-18 08-Apr-19 08-Aug-19 Gold (Rs.) USD/INR

• Gold prices fell as market participants preferred to book profits after the bullion surged to a more than six-year high in the previous trading session. Gold prices closed at $1500.00 per ounce, down 0.05% compared with the previous close of $1,500.80 per ounce. • The rupee strengthened against the greenback following gains in the domestic equity market and selling of the greenback by foreign banks. The rupee closed at 70.69 a dollar, up 0.28% compared with the previous close 70.89.

Mutual Fund

Equity Debt Category 1 Year 3 Years 5 Years Category 1 Month 6 Months 1 Year Large Cap -3.96 6.80 9.10 Liquid 6.41 6.95 6.89 Small/Mid Cap -12.28 3.96 10.18 Ultrashort Term 9.41 6.83 6.21 Diversified -6.22 6.48 9.79 Short Term 14.13 4.19 5.48 Balanced -3.80 5.70 8.55 Long Term 15.23 19.13 14.82 Gold Funds -17.48 2.45 9.83 Long Term Gilt Note: 1. Equity: Less than 1 year return are absolute and greater than 1 year returns are CAGR; 2. Debt: Less than 1 year return are simple annualised and greater than 1 year returns are CAGR; 3. Category as per MFI Explorer

• Association of Mutual Fund in India (AMFI) reported data for Jul 2019 with the asset under management (AUM) of the mutual fund industry improving 1.18% from Rs. 24.25 lakh crore in Jun 2019 to Rs. 24.54 lakh crore in Jul 2019. The industry registered net inflow of Rs. 0.87 lakh crore during the month, which was majorly due to strong inflows in liquid funds under debt-oriented schemes. Liquid funds accounted for an inflow of Rs. 0.45 lakh crore during the period.

Event Calendar

Events for August 2019 Event Date Event Date Nikkei India Manufacturing PMI (July 19) 1-Aug-19 Consumer Price Index (July 19) 13-Aug-19 Nikkei India Services PMI (July 19) 5-Aug-19 Wholesale Price Index (July 19) 14-Aug-19 Third Bi-monthly Monetary Policy Statement for FY20 7-Aug-19 GDP Estimate (Q1FY20) 30-Aug-19 Index of Industrial Production (June 19) 9-Aug-19 Eight Core Industries (July 2019) 2-Sep-19

Note: All the data of the newsletter are sourced from MFI Explorer, BSE, CCIL, MCX, NSDL, NSE, RBI, SEBI, Thomson Reuters Eikon

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