Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
07 Oct 2019
Markets for You
Global Indices
Global Indices 04-Oct Prev_Day Abs. Change
% Change
#
Russell 3000 1,289 1,271 19 1.47
Nasdaq 7,982 7,872 110 1.40
FTSE 7,155 7,078 78 1.10
Nikkei 21,410 21,342 68 0.32
Hang Seng 25,821 26,110 -289 -1.11
Indian Indices 04-Oct Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,673 38,107 -434 -1.14
Nifty 50 11,175 11,314 -139 -1.23
Nifty 100 11,303 11,445 -141 -1.24
Nifty 500 9,092 9,198 -107 -1.16
Nifty Bank 27,732 28,414 -682 -2.40
S&P BSE Power 1,901 1,910 -9 -0.47
S&P BSE Small Cap
12,809 12,910 -102 -0.79
S&P BSE HC 12,274 12,342 -67 -0.55
Date P/E Div. Yield P/E Div. Yield
4-Oct 26.43 1.23 25.75 1.34
Month Ago 25.78 1.27 26.61 1.42
Year Ago 22.58 1.28 25.63 1.27
Nifty 50 Top 3 Gainers
Company 04-Oct Prev_Day
% Change
#
ONGC 130 128 1.13
Infosys 793 786 1.00
TCS 2079 2060 0.93
Nifty 50 Top 3 Losers Domestic News
Company 04-Oct Prev_Day
% Change
#
Zee Ente. 237 252 -5.84
Ultratech Cem 3980 4147 -4.03
Grasim Indus 654 680 -3.72
Advance Decline Ratio
BSE NSE
Advances 953 671
Declines 1664 1178
Unchanged 248 98
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 53237
MF Flows** 53820
*4
th
Oct 2019; **4
th
Oct 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
3.21%
(Aug-19)
3.69%
(Aug-18)
IIP
4.30%
(Jul-19)
6.50%
(Jul-18)
GDP
5.00%
(Jun-19)
8.00%
(Jun-18)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
07 October 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
3.20%
(Apr-19)
5.80%
(Mar-19)
Quarter Ago
Inflow/Outflow
31
-1112
3.05%
(May-19)
Indian equity markets fell even as the Reserve Bank of India (RBI) cut its key
policy rate by 25 basis points. Investors got worried over the economy as RBI
slashed its growth forecast for 2019-20 to 6.1% from 6.9%. The central bank
said domestic demand conditions remained weak amid subdued prospects
for exports.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 1.14% and 1.23%
to close at 37,673.31 and 11,174.75, respectively. S&P BSE MidCap and S&P
BSE SmallCap lost 0.94% and 0.79%, respectively.
The overall market breadth on BSE was weak with 953 scrips advancing and
1,664 scrips declining. A total of 248 scrips remained unchanged.
On the BSE sectoral front, S&P BSE IT was the major gainer, up 0.74%
followed by S&P BSE Teck, up 0.32%. S&P BSE Bankex was the major loser,
down 2.45% followed by S&P BSE Consumer Durables, down 2.1% and S&P
BSE Capital Goods, down 1.95%.
The IHS Markit Services Purchasing Managers' (PMI) fell to a 19-month low
of 48.7 in Sep 2019 from 52.4 in Aug 2019. The Composite PMI Output Index
also subsequently fell and contracted for the first time in 19 months from
52.6 in Aug 2019 to 49.8 in Sep 2019. The services PMI fell as sales and
business activity contracted in Sep 2019.
The Monetary Policy Committee (MPC) lowered key policy repo rate by 25
bps from 5.40% to 5.15% in its fourth bi-monthly monetary policy review. The
key policy repo rate thus stands at its lowest level in nine years. This is the
fifth consecutive rate cut by the MPC in this calendar year. MPC has thus
lowered key policy repo rate by 135 bps in 2019. The MPC retained its
accommodative stance on the monetary policy and will continue to do as
long as it is necessary to revive growth with retail inflation remaining within
its medium -term target.
MPC noted that domestic demand has remained subdued. It also observed
that continued trade tensions coupled with concerns of slowdown in global
growth have hurt the export prospects of the economy. With domestic
inflationary pressures expected to remain within its medium-term target for
the rest of FY20, the MPC cut interest rates to give a boost to the domestic
demand which would help in restoring the growth momentum of the
country.
MPC downgraded the growth projections of the Indian economy to 6.1% for
FY20 from its earlier projection of 6.9%. For Q2FY20, MPC projected the
growth of the Indian economy at 5.3%, while the growth projections of the
Indian economy for the second half of FY20 was lowered to 6.6%-7.2% from
the earlier projection of 7.3%-7.5%. Similarly, the growth projections for
Q1FY21 was lowered to 7.2% from the earlier projection of 7.4%.
Asian equity markets were mixed as on the one hand optimism prevailed
that the U.S. Federal Reserve will cut interest rates. On the other,
cautiousness was seen ahead of the release of U.S. Labor Department's
monthly jobs report for Sep 2019, scheduled later in the day. Today (as of Oct
7), Asian markets traded mixed ahead of U.S.-China trade talks expected later
in the week. Both Nikkei and Hang Seng were trading lower 0.26% and
1.11%, respectively (as at 8.a.m. IST).
European markets went up as a U.S. jobs report showed employment grew
steadily and the jobless rate touched a 50-year low. The healthy report eased
global growth slowdown fears.
U.S. markets gained as the Labor Department’s jobs report fulfilled
investors’ expectations. The unemployment rate came in at a 50-year low.
The report eased recession fears, but also kept hopes that the Federal
Reserve will cut rates later this month alive.
Markets for You