Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
11 Oct 2019
Markets for You
Global Indices
Global Indices 10-Oct Prev_Day Abs. Change
% Change
#
Russell 3000 1,284 1,278 6 0.50
Nasdaq 7,951 7,904 47 0.60
FTSE 7,186 7,167 20 0.28
Nikkei 21,552 21,456 96 0.45
Hang Seng 25,708 25,683 25 0.10
Indian Indices 10-Oct Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 37,880 38,178 -298 -0.78
Nifty 50 11,235 11,313 -79 -0.70
Nifty 100 11,345 11,424 -79 -0.69
Nifty 500 9,113 9,178 -65 -0.71
Nifty Bank 28,013 28,786 -772 -2.68
S&P BSE Power 1,915 1,916 -1 -0.04
S&P BSE Small Cap
12,723 12,796 -73 -0.57
S&P BSE HC 12,090 12,089 0 0.00
Date P/E Div. Yield P/E Div. Yield
10-Oct 26.64 1.22 25.95 1.33
Month Ago 26.12 1.25 27.05 1.39
Year Ago 22.33 1.29 25.30 1.28
Nifty 50 Top 3 Gainers
Company 10-Oct Prev_Day
% Change
#
Bharti Airtel 377 359 4.97
Grasim Indus 697 670 3.91
RIL 1363 1325 2.87
Nifty 50 Top 3 Losers Domestic News
Company 10-Oct Prev_Day
% Change
#
IndusInd Bank 1229 1309 -6.12
Yes Bank 41 43 -5.32
GAIL 127 132 -3.60
Advance Decline Ratio
BSE NSE
Advances 858 644
Declines 1591 1188
Unchanged 180 111
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 51308
MF Flows** 55313
*10
th
Oct 2019; **10
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.
11 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
-110
-683
3.05%
(May-19)
Indian equity markets lost after the non-performing assets (NPA) problem of
banks resurfaced together with economic growth concerns. A major private
sector bank’s gross NPAs increased in the Sep 2019 quarter. A top global rating
agency cut its India’s growth forecast for FY20 citing pronounced slowdown
due to long-lasting factors.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.78% and 0.7% to
close at 37,880.40 and 11,234.55 respectively. S&P BSE MidCap and S&P BSE
SmallCap lost 0.87% and 0.57% respectively.
The overall market breadth on BSE was weak with 858 scrips advancing and
1,591 scrips declining. A total of 180 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Telecom was the major gainer, up 3.76%,
followed by S&P BSE Energy, up 1.69% and S&P BSE Teck, up 0.24%. S&P BSE
Bankex was the major loser, down 2.61%, followed by S&P BSE Realty, down
2.16% and S&P BSE Finance, down 2.03%.
The finance minister said the government is giving sector-specific solutions
to fight the slowdown in economic growth. India's GDP has slowed to a six-
year low of 5% for the Jun 2019 quarter. This led to downward revisions in
expectations, including from the Reserve Bank of India which now expects
GDP growth to come down to 6.1% in FY20.
Government data showed India's rice exports in Aug 2019 fell 29% YoY to
644,249 tonne, government data showed. This happened because of weak
demand from African countries for non-basmati rice, among other factors.
Media reports showed the government has made a committee of officers to
suggest measures to boost goods services tax (GST) revenue collections and
administration. The terms of reference of the panel include making
suggestions about systemic changes in GST including checks and balances to
prevent misuse and measures to improve voluntary compliance.
A major global rating agency has cut its 2019-20 growth forecast for India to
5.8% from 6.8% earlier. The firm said the economy was experiencing a
pronounced slowdown partly related to long-lasting factors. Earlier, Asian
Development Bank and the Organisation of Economic Co-operation and
Development lowered FY20 growth forecast for India by 50 basis points and
1.3 percentage points to 6.5% and 5.9%, respectively. The Reserve Bank of
India also slashed its growth projection for the economy by 80 basis points to
6.1% for FY20.
Media reports showed the ministry of new and renewable energy (MNRE)
said that the deadline for installing 175 giga-watt (GW) of renewable energy is
Dec 31, 2022. The pace of adding renewable generation capacities in FY19
slowed down because of devaluation of the rupee, rising finance costs,
government-mandated tariff caps in reverse auctions and cancellation of
renewable project tenders. In FY19, the country added 8.6 GW against 11.3
GW and 11.8 GW added in FY17 and FY18, respectively. The installed
renewable capacity now is 81.3 GW.
Asian equity markets were mixed as contradictory reports on the progress of
U.S.-China trade talks made investors tread cautiously. While some media
reports suggested U.S.-China trade talks could collapse midway, the White
House cleared the air on such rumours. Today (as of Oct 11), Asian markets
opened higher on renewed hopes around 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 went up on renewed trade hopes as the U.S. President said
he would meet the Chinese Vice Premier. Investors have got more optimistic of
a trade deal between the two economies after the U.S. President’s message.
U.S. markets gained after the President said he will meet the Chinese Vice
Premier on Oct 11, 2019. This renewed hopes of the two countries making
progress in their trade negotiations.
Markets for You