GlobalIndices 15‐Mar Prev_Day Abs.Change
DowJones 24,874 24,758 116 0.47
Nasdaq 7,482 7,497 ‐15 ‐0.20
FTSE 7,140 7,133 7 0.10
Nikkei 21,804 21,777 27 0.12
HangSeng 31,541 31,435 106 0.34
IndianIndices 15‐Mar Prev_Day Abs.Change
S&PBSESensex 33,686 33,836 ‐150 ‐0.44
Nifty50 10,360 10,411 ‐51 ‐0.49
Nifty100 10,716 10,760 ‐44 ‐0.41
NiftyBank 24,792 24,852 ‐60 ‐0.24
SGXNifty 10,374 10,439 ‐66 ‐0.63
S&PBSEPower 2 ,176 2,173 3 0 .14
S&PBSESmallCap 17,755 17,613 142 0.80
S&PBSEHC 13,687 13,700 ‐13 ‐0.09
Date P/E Div.Yield P/E Div.Yield
15‐Mar 23.40 1.16 25.28 1.26
MonthAgo 24.45 1.14 25.45 1.07
YearAgo 22.68 1.38 23.59 1.22
Company 15‐Mar Prev_Day
AsianPaints 1161 1137 2.09
BajajFinanceLimited 1726 1710 0.94
M&M 735 728 0.91
Company 15‐Mar Prev_Day
YesBank 312 319 ‐2.20
RIL 912 929 ‐1.86
GAIL 450 458 ‐1.67
Advances 1636 1100
Declines 1053 674
Unchanged 158 77
YoY(%) Current YearAgo
• Indian equity ma rkets closed in the red amid decline in ba nking stocks
after investigative agencies registered a fresh case of another fraud at the
state‐owned bank, thereby raising the persisting concerns over the
public‐sector banks. Also, weak cues from the global market amid
geopolitical tensions on concerns over the trade war muted buying
interest. However, losses were capped after the announcement of
continuation of a government subsidy for urea which would give boost to
the agriculture sector.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.44% and
0.49%, respectively to c lose a t 33,685.54 and 10,360.15. S&P BSE Mid‐
Cap and S&P BSE Small‐Cap grew 0.49% and 0.80%, respectively.
• On the BSE sectoral front, S&P BSE Information Energy was the major
loser, down 1.16%, followed by S&P BSE Oil & G as that fell 1.04%. S &P
BSE Metal and S&P BSE FMCG wit nessed decline of 0.54% and 0.52%. S&P
BSE Bankex and S&P BSE Telecom fell 0.49% and 0.35%, respectively.
Among the gainers, S&P B SE Consumer Discretionary Goods & Services
was the major gainer, up 0.31% followed by S&P BSE Industrials, up
0.22% and S&P BSE Power, up 0.14%.
• The Union Cabinet has decided to clear a double taxation avoidance
agreement between India and Iran. The agreement will promote
investment and technology flow, from India to Iran and vice versa, and
will prevent double taxation.
• I ndia’s e x p ort during the month of Feb 2018 increased 4.48% YoY to
$25.83 b illion from $24.73 billion in Feb 2017. Similarly, import grew
10.4% YoY to $37.81 billion from $34.25 billion in the same p eriod of the
previous year. Trade d eficit widened to $12.0 billion a s against $9.52
billion in Feb 2017. However, it narrowed against $16.30 billion in Jan
• According to a major global credit rating agency, India's economic
growth shall rise to 7.3% in the fiscal year 2018‐19 and further to 7.5% in
2019‐20. It has further mentioned that the money supply has recovered
to its pre‐demonetisation level in mid‐2017 and i s now increasing
• According to assurance, tax and advisory firm Grant Thornton, Merger
and Acquisition (M&A) deals in India grew 40% YoY to $1,893 million in
Feb 2018 from $1,354 million during the corresponding period last year.
In terms of count, there were 40 M&A transactions compared with 32
deals worth. Rise in M&A deal value was led by big‐ticket consolidation
that sa w four deals valued over $100 million contributing to 79% of the
total M&A values.
• Global IT major Infosys will soon open its next technology and
innovation hub in the US state of Connecticut and hire about 1,000
American workers by 2022. The Connecticut hub will focus on insurance,
healthcare and manufacturing to bring the company to the eastern
state's clients and serve as the g lobal hub for its InsurTech and HeathTech
• Swedish fashion retailer Hennes & Mauritz (H&M) has launched its
online sto re in India with an aim to further accelerate its growth in the
country. The products range will include ladies, men's, teens, kids, plus‐
size, maternity wear and a complete collection of lingerie and
• Asian markets t raded in mixed ami d lingering concerns over probable
trade war after the U.S. government asked China to reduce its trade
surplus with the U.S. by $100 billion. Negative cues from overnight U.S.
market and stronger yen further weighed on the sentiments. However,
some respite was seen following better‐than‐expected Chinese industrial
production and retail sales data. Today (As of March 16), Asian markets
opened slightly lower tracking overnight developments related to global
trade and an ongoing Russia investigation. Both Nikkei and Hang Seng fell
0.29% and 0.11%, respectively (as at 8 a.m. IST).
• As per the last c lose, European markets closed i n green after moving
sideways throughout the session. Investors digested the latest earnings
and economic data n ews. However, lingering concerns over a potential
trade war continue to weigh on investor sentiment.
• As per the last close, U.S markets closed on a mixed note after hovering
between gains and losses. Investors digested slew of U.S. economic data.
Initial jobless claims edged lower in the week ended Mar 10 while import
prices rose more than market expectation.