GlobalIndices 16‐May Prev_Day Abs.Change
DowJones 24,769 24,706 63 0.25
Nasdaq 7,398 7,352 47 0.63
FTSE 7,734 7,723 11 0.15
Nikkei 22,717 22,818 ‐101 ‐0.44
HangSeng 31,110 31,152 ‐42 ‐0.13
IndianIndices 16‐May Prev_Day Abs.Change
S&PBSESensex 35,388 35,544 ‐156 ‐0.44
Nifty50 10,741 10,802 ‐61 ‐0.56
Nifty100 11,059 11,114 ‐55 ‐0.49
NiftyBank 26,182 26,474 ‐292 ‐1.10
SGXNifty 10,768 10,789 ‐21 ‐0.19
S&PBSEPower 2,139 2,143 ‐4 ‐0.18
S&PBSESmallCap 17,536 17,525 11 0.06
S&PBSEHC 13,285 13,293 ‐8 ‐0.06
Date P/E Div.Yield P/E Div.Yield
16‐May 23. 91 1.16 26.66 1.19
MonthAgo 23.62 1.14 26.13 1.22
YearAgo 23.21 1.32 24.16 1.21
Company 16‐May Prev_Day
HUL 1574 1516 3.87
Lupin 767 751 2.09
ITC 286 282 1.42
Company 16‐May Prev_Day
ICICIBank 297 308 ‐3.57
UltratechCem 3991 4109 ‐2.88
Cipla 560 576 ‐2.76
Advances 993 646
Declines 1645 1143
Unchanged 119 72
YoY(%) Current YearAgo
• According to data from Securities Board of Exchange of India (SEBI), the
total investment through participatory notes (P‐notes) into Indian capital
markets plunged 9‐year low to Rs. 1,00,245 in Apr 2018 from R s. 1,06,403
crore in Mar 2018. This sig nificant fall came after SEBI stringent the
norms for P‐notes to check misuse of the instrument.
• According to the International Monetary Fund (IMF)’s April Fiscal
Monitor report, India and South Africa has been appreciated for taking
measures to push digitisation in the economy. The organisation said that
steps taken by the two countries shows that digitisation can improve
social protection and the delivery of public services. India’s biometric
identification syst em, Aa dhaar, is a leader in this area which has helped in
distribution of social benefits.
• According to data from IEA, India is one of the top three coal producers
in the world in 2016. India has been continuously witnessing growth in
production to fuel its thermal power capacity, contributing 72% of the
country’s electricity generation. However, as per a major credit rating
agency, coal production is likely to remain flat in FY19 as there is no
improvement in availability of rakes or increase in evacuation
infrastructure for mined coal.
• ITC reported profit of Rs. 2,932.71 crore for the quarter ended Mar 31,
2018, up 9.86% YoY f rom Rs. 2,669.47 c rore in t he previous year period.
However, revenue from operations fell to Rs. 10,813.24 crore as against
Rs. 15,008.82 crore in the quarter ended Mar 31, 2017.
• A major credit rating agency has affirmed Reliance Industries' long‐term
foreign‐currency rating at BBB‐, with a s table outlook. The agency st ated
that the rating is driven by the company’s strong business profile owing
to its robust refining and petrochemical operations.
• Hindalco’s profit fell 24.98% YoY to Rs. 376.97 crore for the quarter
ended Mar 31, 2018 as against a profit of Rs. 502.52 crore in the prior
year period. Meanwhile, the total income of the company marginally fell
0.70% YoY to Rs. 11,886.02 crore in the quarter ended Mar 31, 2018.
• Asian markets closed in the red following uncertainty over the fate of
planned summit between Korea and U.S. in Jun 2018. In the latest
development, the North Korea suspended talks with South Korea,
scheduled later during day citing the latter’s involvement in military
exercise jointly with U.S. Growing speculation over imminent rate hike by
U.S. Federal Reserve weighed on market sentiments. Today (as of May
17), Asian markets opened mostly on a positive note following rise on the
Wall Street overnight. While Hang Seng was trading lower 0.23%, Nikkei
• As per the last close, European markets mostly closed with small gains
after hovering between gains and losses during the session. Market
participants remained cautious due to renewed concerns over North
Korea. North Korean leader threatened to cancel its meeting with the U.S.
• As per the last close, U.S markets rose on positive reaction to Mar
quarter earnings news from one of the U.S department store. However,
geopolitical uncertainty kept market participants on the sidelines.
• Lack of clarity over the formation of next government in Karnataka
weighed on the market sentiment resulting in Indian equity markets
closing lower. Decline in banking stocks added to the loss after a state‐
owned bank reported disappointing quarterly earnings numbers.
Weakness in the Asian markets due to rising geopolitical tensions further
led to the losses.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.44% and
0.56% to close at 35,387.88 and 10,741.10, respectively. S&P BSE Mid‐
Capfell0.27%andS&PBSESmall‐Cap grew 0.06%.
• The overall market breadth on BSE was weak with 1,645 scrips declining
and 993 scrips advancing. A total of 119 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Energy was the major loser, down
1.75%, followed by S&P BSE Oil & Gas that fell 1.58%. S&P BSE Bankex
and S&P BSE Finance fell 1.17% and 0.91%, respectively. S&P BSE Realty
was the major gainer, up 1.99% followed by S&P BSE FMCG and S&P BSE
Information Technology that grew 1.65% and 0.18%, respectively.