GlobalIndices 21‐Jun Prev_Day Abs.Change
DowJones 24,462 24,658 ‐196 ‐0.80
Nasdaq 7,713 7,782 ‐69 ‐0.88
FTSE 7,556 7,627 ‐71 ‐0.93
Nikkei 22,693 22,555 138 0.61
HangSeng 29,296 29,696 ‐400 ‐1.35
IndianIndices 21‐Jun Prev_Day Abs.Change
S&PBSESensex 35,432 35,547 ‐115 ‐0.32
Nifty50 10,741 10,772 ‐31 ‐0.29
Nifty100 11,040 11,076 ‐36 ‐0.33
NiftyBank 26,497 26,558 ‐61 ‐0.23
SGXNifty 10,738 10,780 ‐43 ‐0.39
S&PBSEPower 1,988 2,006 ‐18 ‐0.91
S&PBSESmallCap 16,528 16,659 ‐131 ‐0.79
S&PBSEHC 14,114 14,272 ‐159 ‐1.11
Date P/E Div.Yield P/E Div.Yield
21‐Jun 22.71 1.25 26.43 1.23
MonthAgo 23.71 1.18 26.08 1.22
YearAgo 22.85 1.25 24.31 1.11
Company 21‐Jun Prev_Day
IndianOil 170 165 2.93
BPCL 422 411 2.74
HPCL 315 308 2.37
Company 21‐Jun Prev_Day
M&M 884 904 ‐2.30
Dr.Reddy 2316 2368 ‐2.17
BhartiInfratel 280 285 ‐2.00
Advances 808 470
Declines 1793 1308
Unchanged 132 86
YoY(%) Current YearAgo
• Indian equity markets remained under pressure during the session, with
brief stance of recovery, due to lack of any positive triggers on the
domestic front. The minutes of the Monetary Policy Committee’s (MPC)
latest policy meeting held early this month gave no indication of
policymakers’ stance on future rate hikes, citing uncertainties on oil and
food prices. Weak global cues neutralised the risk appetite of investors as
China continued to retaliate ag ainst U.S. protectionist move in form of
tariff hikes on Chinese goods imports.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.32% and
0.29% to close at 35,432.39 and 10,741.10, respectively. S&P BSE Mid Cap
• On the BSE sectoral front, barring S&P BSE Energy and S&P BSE Oil &
Gas, all the indices closed in the red. S&P BSE Telecom was the m ajor
loser, down 1.61%, followed by S&P BSE Healthcare and S&P BSE Capital
Goods, which fell 1.11% an d 1.09%, respectively. S&P BSE Metal and S&P
BSE Basic Materials fell 0.98% and 0.97%, respectively.
• According to minutes of Monetary Policy Committee’s second monetary
policy meeting for FY19, interest rate increase in Jun 2018 reflects rising
inflation due to high oil prices. Members raised concerns over rising
inflationary pressures. The members who had voted for rate hike in Jun
2018 kept the stance as “neutral” as they chose t o wait for more clarity
on the inflationary impact of government’s decision to increase minimum
purchase price of food grains and the direction of oil prices.
• As per a notification by the finance ministry, the government has
decided to raise customs duty on several goods, including Bengal gram,
lentils and artemia, along with certain kind of nuts, iron and steel
products, apples, pea rs, f lat rolled products of stainless steel, other alloy
steel, tube and pipe fittings, and screws, bolts and rivets. The import duty
hike would be effective from Aug 4, 2018.
• The time for the announcement of price band for initial public offers
Exchange Board of India (SEBI). Also, SEBI has tweaked buyback norms
and aims to ease regulations for foreign portfolio investors and mutual
funds. The buyback period has also been redefined by SEBI.
• According to the president of Tata Motors, the company is looking to
launch aroun d 50 commercial vehicles in FY19, similar to the last year, to
solidify its position in the segment. Also, the company aims to save close
to Rs. 1,900 crore in the fiscal, similar to the last fiscal, by way of
enforcing cost‐saving measures.
• Finnish telecom gear maker Nokia said it has inked a five‐year global IT
infrastructure and application services deal with Indian IT fi rm HCL
Technologies. The financial terms of the deal were not disclosed.
• Arvind Ltd is looking to grow its own brand under the Arvind umbrella
from the current Rs. 400 crore t o Rs. 1 ,000 crore i n the next 4‐5years.
According to the company’s chief executive officer, the key growth driver
of Lifestyle fabrics for the knits and wovens division, will come in from
fabrics as well as the ready to wear segment.
• Asian markets traded mixed ahead of a key meeting between OPEC and
non‐OPEC countries on raising g lobal crude s upply and positive c ues from
overnight U.S. market. Speculation over monetary policy easing by the
People’s Bank of China further supported sentiment. However, investors
remained concerned over renewed global trade tensions. Today (as of
June 22), Asian markets opened negative following decline on the Wall
Street Overnight. Both Nikkei and Hang Seng dropped 0.98% and 0.58%,
respectively (as at 8.a.m. IST).
• As per the last close, European markets declined on the back of tension
in the oil market ahead of an OPEC meeting outcome that could expand
crude production. Automakers were under pressure following a warning
from Germany's auto major.
• As per the last close, U.S markets fell partially due to lingering concerns
about the trade dispute between the U.S. and China. Uncertainty about
the outcome of OPEC’s meeting on Friday, further dampened sentiments.
Smaller than expected increase in the U.S. leading economic index in
May, further increased losses.