GlobalIndices 31‐Jan Prev_Day Abs.Change
DowJones 26,149 26,077 73 0.28
Nasdaq 7,411 7,402 9 0.12
FTSE 7,534 7,588 ‐54 ‐0.72
Nikkei 23,098 23,292 ‐194 ‐0.83
HangSeng 32,887 32,607 280 0.86
IndianIndices 31‐Jan Prev_Day Abs.Change
S&PBSESensex 35,965 36,034 ‐69 ‐0.19
Nifty50 11,028 11,050 ‐22 ‐0.20
Nifty100 11,394 11,425 ‐31 ‐0.27
NiftyBank 27,379 27,269 110 0.40
SGXNifty 11,085 11,058 27 0.24
S&PBSEPower 2 ,319 2,328 ‐8 ‐0.35
S&PBSESmallCap 18,717 18,874 ‐157 ‐0.83
S&PBSEHC 14,559 14,800 ‐240 ‐1.62
Date P/E Div.Yield P/E Div.Yield
31‐Jan 25.42 1.09 27.50 1. 03
MonthAgo 25.22 1.12 26.92 1. 08
YearAgo 21.58 1.42 22.86 1. 29
Company 31‐Jan Prev_Day
BhartiInfratel 352 344 2.06
KotakBank 1109 1088 1.92
TechMahindra 613 603 1.61
Company 31‐Jan Prev_Day
TataSteel 705 776 ‐9.13
Dr.Reddy 2225 2306 ‐3.50
UnitedPhos 752 771 ‐2.43
Advances 1036 635
Declines 1776 1165
Unchanged 160 70
YoY(%) Current YearAgo
• According to the Central Statistics Office (CSO), Gross Domestic Product
(GDP) exhibited growth of 7.1% during FY17 and 8.2% during FY16.
Nominal GDP for FY17 witnessed growth of 10.8% as against 10.4%
growth during FY16. Nominal Gross Value Added (GVA) at basic prices
increased 10.1% during FY17 as against 9.2% during FY16. Real GVA
witnessed growth of 7.1% in FY17 as against growth of 8.1% in FY16.
Growth in real GVA during FY17 has been lower than that in FY16 mainly
due to slowdown in manufacturing, construction, transport, storage,
communication & services related to broadcasting, trade, repair, hotels
and restaurants, financial services, real estate and ownership of dwelling
& professional services.
• Government data showed that the index of eight core industries grew
4.0% in Dec 2017 from upwardly revised 7.4% in the previous month
(6.8% originally reported) and 5.6% in the same period of the previous
year. The decrease in pace of growth reflects slowdown in all sectors
barring fertilizers and cement. Steel witnessed maximum slowdow n to
2.6% from 17.1%. The growth of th e index of e ig ht core industries from
Apr to Dec of FY18 slow ed to 4.0% from 5.3% in t he same period of the
• According to a gazette notification issued by the government, bonds
that will be issued to state‐run banks under capitalisation plan of the
government will have te nure of 10‐15 years and carry coupon interest
rates of 7.35%‐7.68%. The amount set aside for each bank is adding up to
Rs. 80,000 crore for all banks. The special securities will be issued at par
and the date of issue of the special securities will be the date of rec eipt of
subscription amount from the eligible banks. The proceeds from the
bonds will be used by the government to infuse capital in these banks,
thereby making the entire transaction cash neutral for the government.
• Larsen & Toubro profit for the quarter ended Dec 31, 2017, came in at
Rs. 1,490 crore, up 53% YoY. Consolidated gross revenue came in at Rs.
28,747 crore, up 9.4% YoY owing to some improvement in execution
momentum and growth in services business.
• Asian markets traded in mixed ahead of the U.S. Federal Reserve’s
policy meeting, falling oil prices, negative cues from overnight U.S.
market and concerns over U.S. immigration policy following U.S.
President’s speech. However, downside was limited as some key
economic data came better than expected. Today (As of Feb 01), Asian
markets opened slightly higher following rise on the Wall Street
overnight. Both Nikkei and Hang Seng were trading higher 1.13% and
0.34%, respectively (8 a.m. IST).
• As per the last close, European market mostly fell as market
participants remained cautious ahead of the U.S. Federal Reserve policy
meeting. Rise in euro and pound against the U.S. dollar continue t o put
additional pressure on the shares of European exporters.
• As per the last close, U.S market closed on a positive note after moving
in a range after the U.S. Federal Reserve kept its interest rates unchanged
as widely expected. The central bank’s was seen slightly more hawkish,
reinforcing expectations that they will raise rates at its next m eeting in
• Indian equity markets ended in the red as investors preferred to remain
on the sidelines ahead of the Union Budget FY19 that is scheduled on Feb
1, 2018. Also, traders were cautious ahead of the fiscal deficit data for
Apr‐Dec 2017 and revised estimate of annual gross domestic product
data for FY17. Mixed cues from global markets ahead of the outcome of
the U.S. Federal Reserve's interest rate decision also weighed on market
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.19% and
0.20% to close at 35,965.02 and 11,027.70, respectively. S&P BSE Mid‐
Cap and S&P B SE Small‐Cap fell 1.29% and 0.83%, respectively.
• The market breadth on BSE was weak with 1,749 scrips declining and
1,072 scrips advancing. A total of 151 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Healthcare was the top loser and
was down 1.62%, followed by S&P BSE Metal and S&P BSE FMCG (‐1.25%)
each, S&P BSE Capital Goods (‐1.12%) and S&P BSE Information
technology (‐1.1%). The top gainers comprised S&P BSE Energy, up 0.6%,
followed by S&P BSE Oil & Gas and S&P BSE Bankex, which rose 0.48%
and 0.40%, respectively.