Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
06 Nov 2019
Markets for You
Global Indices
Global Indices 05-Nov Prev_Day Abs. Change
% Change
#
Russell 3000 1,339 1,342 -4 -0.27
Nasdaq 8,435 8,433 1 0.02
FTSE 7,388 7,370 18 0.25
Nikkei 23,252 Closed NA NA
Hang Seng 27,683 27,547 136 0.49
Indian Indices 05-Nov Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 40,248 40,302 -54 -0.13
Nifty 50 11,917 11,941 -24 -0.20
Nifty 100 12,056 12,089 -33 -0.27
Nifty 500 9,694 9,732 -38 -0.39
Nifty Bank 30,220 30,333 -113 -0.37
S&P BSE Power 1,981 1,986 -5 -0.26
S&P BSE Small Cap
13,522 13,631 -109 -0.80
S&P BSE HC 13,188 13,321 -133 -1.00
Date P/E Div. Yield P/E Div. Yield
5-Nov 27.60 1.15 27.59 1.25
Month Ago 26.43 1.23 25.75 1.34
Year Ago 22.72 1.26 25.33 1.26
Nifty 50 Top 3 Gainers
Company 05-Nov Prev_Day
% Change
#
Bharti Infratel 222 215 3.40
Yes Bank 68 66 3.25
Bajaj Finance 4228 4113 2.79
Nifty 50 Top 3 Losers Domestic News
Company 05-Nov Prev_Day
% Change
#
Zee Ente. 286 296 -3.36
IndusInd Bank 1320 1352 -2.38
Ultratech Cem 4147 4239 -2.15
Advance Decline Ratio
BSE NSE
Advances 989 690
Declines 1505 1147
Unchanged 162 113
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 72430
MF Flows** 55132
*5
th
Nov 2019; **1
st
Nov 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
3.99%
(Sep-19)
3.70%
(Sep-18)
IIP
-1.10%
(Aug-19)
4.80%
(Aug-18)
GDP
5.00%
(Jun-19)
8.00%
(Jun-18)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
06 November 2019
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 Market
Indices Performance
P/E Dividend Yield
Sensex
Nifty
4.50%
(May-19)
5.80%
(Mar-19)
Quarter Ago
Inflow/Outflow
-559
81
3.18%
(Jun-19)
After closing at record highs in the previous session, Indian equity markets
closed in the red amid profit booking. Reports that India has decided not to
join a 16-nation grouping led by China known as the Regional Comprehensive
Economic Partnership (RCEP) weighed on the market sentiment. Losses were
extended after IHS Markit India Services Business Activity Index came in below
50 for the 2nd consecutive month in Oct, thereby indicating contraction.
Further, investors remained concerned over the government’s ability to adhere
to fiscal deficit target.
However, losses were restricted amid positive global cues on hopes of further
progress in U.S. and China trade talks and reports that U.S. may drop some of
the tariffs it has imposed on imports from China.
Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.13% and 0.20% to
close at 40,248.23 and 11,917.20, respectively. S&P BSE Mid-Cap and S&P BSE
Small Cap fell 1.13% and 0.80%, respectively.
The overall market breadth on BSE was weak with 1,505 scrips declining and
989 scrips advancing. A total of 162 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Consumer Durables stood as the major
loser and fell 1.28%, followed by S&P BSE Healthcare that fell 1.00%. S&P BSE
Capital Goods and S&P BSE Metal fell 0.97% and 0.87%, respectively.
Results of a private survey showed that the India’s service sector activity
declined for the second straight month in Oct 2019. The IHS Markit Services
Purchasing Managers' Index (PMI) continued to remain below 50 as it stood at
49.2 in Oct 2019 as compared to 48.7 in Sep 2019. The Composite PMI Output
Index also subsequently fell to 49.6 in Oct 2019 from 49.8 in Sep 2019.
Securities and Exchange Board of India has come out with consolidated
operational guidelines for foreign portfolio investors (FPIs) and designated
depository participants (DDPs). Under the new norms, all insurance entities
and funds that belong to FATF (Financial Action Task Force) member countries
will be classified as category-I FPIs. In case of unregulated funds or entity
where the regulated investment manager is from non-FATF member country,
they will be classified as category-II FPIs. An FPI who wants to make a transition
from category-II to I can do so after providing requisite information and
applicable fees to the DDP. SEBI further barred FPIs from issuing offshore
derivative instruments (ODIs) referencing derivatives or to hedge their ODIs
with derivative positions on stock exchanges in India. However, an FPI coming
under category I can do so through a separate FPI registration.
SEBI revived Aadhaar-based eKYC for mutual funds. This time SEBI did not
specify any upper monetary limit contrary to the previous version of eKYC
which had an investment limit of up to Rs. 50,000. Under the new norms
mutual fund distributors and advisors who are registered with SEBI can
complete the eKYC process by registering themselves with a KYC user agency
(KUA) as a sub-KUA. This KUA would be registered with Unique Identification
Authority of India. Only resident Indians will be eligible for the eKYC process.
Else, an investor will also be able to complete the KYC on a registered or
whitelisted device that is operated by the intermediary using biometric details.
According to media reports, ICICI Bank has closed sown its project finance
division in Sep 2019 due to lack of fresh demand for loans in the infrastructure
sector.
Asian markets extended the rally as investors took positive cues from the
latest developments on the U.S.- China trade talks on signing a partial deal.
According to media reports, U.S. is considering dropping tariffs on $112 billion
worth of Chinese imports. Today (as of Nov 6), Asian markets edged higher
with investors awaiting further developments on the U.S.- China trade talks.
Both Nikkei and Hang Seng were trading up 0.86% and 0.14%, respectively (as
at 8.a.m. IST).
European markets edged higher with investors taking positive cues from the
media reports stating that U.S. is considering dropping tariffs on $112 billion
worth of Chinese imports. However, a mixed series of corporate earning
numbers capped the gains.
Majority of the U.S. markets dipped marginally as investors waited for more
concrete developments on the U.S.- China trade talks before continuing to buy
stocks following the recent run to record highs. Meanwhile, survey results
showing strong growth in U.S. service sector raised concerns over the outlook
for Fed’s interest rate.
Markets for You