Global Indices 22-Jul Prev_Day Abs. Change
Russell 3000 1,312 1,305 7 0.50
Nasdaq 8,204 8,146 58 0.71
FTSE 7,515 7,509 6 0.08
Nikkei 21,417 21,467 -50 -0.23
Hang Seng 28,371 28,765 -394 -1.37
Indian Indices 22-Jul Prev_Day Abs. Change
S&P BSE Sensex 38,031 38,337 -306 -0.80
Nifty 50 11,346 11,419 -73 -0.64
Nifty 100 11,456 11,519 -63 -0.55
Nifty 500 9,248 9,305 -57 -0.61
Nifty Bank 29,285 29,770 -485 -1.63
S&P BSE Power 2,006 2,004 2 0.10
S&P BSE Small Cap 13,157 13,310 -154 -1.15
S&P BSE HC 12,824 12,772 51 0.40
Date P/E Div. Yield P/E Div. Yield
22-Jul 27.47 1.24 27.81 1.31
Month Ago 27.96 1.22 28.99 1.24
Year Ago 22.90 1.21 27.36 1.22
Nifty 50 Top 3 Gainers
Company 22-Jul Prev_Day
Yes Bank 91 83 9.49
Vedanta 167 161 3.72
Indiabulls HFC 656 635 3.30
Nifty 50 Top 3 Losers Domestic News
Company 22-Jul Prev_Day
Bajaj Finserv 7162 7566 -5.34
HDFC Ltd. 2187 2304 -5.06
Eicher Motors 17072 17664 -3.35
Advance Decline Ratio
Advances 768 541
Declines 1757 1283
Unchanged 155 101
Institutional Flows (Equity)
FII Flows* 69851
MF Flows** 12366
Jul 2019; **19
YoY(%) Current Year Ago
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 markets fell in the midst of outflows of foreign funds,
rupee depreciation and weak domestic and global cues. Weak corporate
earnings back home and fading hopes of a rate cut by the U.S. Federal
Reserve at its upcoming meeting dampened sentiment. The non-
performing asset (NPA) problem of banks continues to mar the sector as
the leading private sector bank of the country reported a high double
digit increase in its NPAs, drumming the sector down.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.80% and
0.64% to close at 38,031.13 and 11,346.20, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap fell 0.60% and 1.15%, respectively.
• The overall market breadth on BSE was weak with 768 scrips advancing
and 1757 scrips declining. A total of 155 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Energy was the major gainer, up
1.92%, followed by S&P BSE Metal and S&P BSE Oil & Gas, up 1.89% and
1.07%, respectively. S&P BSE Telecom and S&P BSE Basic Materials gained
0.61% and 0.6%, respectively. S&P BSE Finance was the major loser, down
2.28%, followed by S&P BSE FMCG and S&P BSE Bankex, down 1.43% and
• The Asian Development Bank (ADB) has lowered India's inflation
forecast to 4.1% for FY20, backed by rupee gains and a lowered GDP
projection. In addition, ADB said India will be the primary driver to reduce
inflation for the South Asian area, media reports showed.
• According to the Indian Meteorological Department (IMD), the south-
west monsoon showers have covered the entire country after a four-day
delay from the normal schedule. However, the nice rain spell in the first
two weeks of Jul 2019 has enhanced the level of the water reservoir,
which is supposed to accelerate the sowing of kharif crops and narrow a
gap in the acreage compared to last year's respective period.
• The government wants the Competition Commission of India (CCI) to
investigate problems of cartelisation and thwarting competition in
relation to the large four audit companies. These four global leaders are
said to have 'abused' their dominant position, which the government
wants to investigate, media reports said. The government's recent
pressure arises in the midst of crackdown on audit firms for supposedly
overlooking lapses in corporate governance in some companies.
• Reliance Industries Ltd’s consolidated net profit increased 6.82% to Rs.
10,104 crore for the period ended Jun 30, 2019, from Rs. 9,459 crore in
the same quarter last year. The consolidated revenue from operations
grew 21.25% to Rs. 1.61 trillion during the quarter as against Rs. 1.33
trillion for the year-ago period.
• HDFC Bank Ltd’s first quarter ended Jun 2019 net profit increased 21%
to Rs. 5,568.16 crore from Rs. 4,601.44 crore in the year-ago period on
account of higher other income. Other income, including core fee income,
rose 27.2% to Rs. 4,970.3 crore during the quarter. Provisions during the
quarter rose to Rs. 2,613.66 crore against Rs. 1,889.2 crore set aside as
provisions in the Jan-Mar 2019 quarter.
• Kotak Mahindra Bank’s Jun 2019 quarter net profit increased 33% to Rs.
1,360.20 crore from Rs. 1,024.94 crore in the year-ago profit due to
higher net interest income and lower provisions.
• Asian equity markets ended largely lower as hopes that the U.S. Federal
Reserve will aggressively cut rates disappeared and tensions grew in the
Persian Gulf between Britain and Iran. Today (as of Jul 23), Asian markets
opened mostly higher following overnight gains in the U.S. Wall Street.
Both Nikkei and Hang Seng were trading up 0.86% and 0.14%,
respectively (as at 8.a.m. IST).
• European markets inched up as investors took stock of a fresh set of
earnings reports. Investors are looking forward to important central bank
activities, with the European Central Bank’s policy meet on Jul 25, 2019,
and the U.S. Fed’s, next week.
• U.S. markets inched up as the week will see a number of companies
coming out with their earnings. Also, expectations of an aggressive policy
easing from the U.S. Federal Reserve have dampened.