Global Indices 14-Sep Prev_Day Abs. Change
Dow Jones 26,155 26,146 9 0.03
Nasdaq 8,010 8,014 -4 -0.05
FTSE 7,304 7,282 22 0.31
Nikkei 23,095 22,821 273 1.20
Hang Seng 27,286 27,014 272 1.01
Indian Indices 14-Sep Prev_Day Abs. Change
S&P BSE Sensex 38,091 37,718 373 0.99
Nifty 50 11,515 11,370 145 1.28
Nifty 100 11,792 11,635 157 1.35
Nifty Bank 27,164 26,819 345 1.29
SGX Nifty 11,551 11,407 144 1.26
S&P BSE Power 2,108 2,056 52 2.55
S&P BSE Small Cap 16,671 16,443 228 1.38
S&P BSE HC 16,236 15,932 304 1.91
Date P/E Div. Yield P/E Div. Yield
14-Sep 24.64 1.16 28.00 1.16
Month Ago 24.47 1.18 28.02 1.18
Year Ago 24.06 1.20 26.25 0.93
Nifty 50 Top 3 Gainers
Company 14-Sep Prev_Day
Indiabulls HFC 1227 1145 7.16
BPCL 355 334 6.09
Vedanta Limited 236 224 5.37
Nifty 50 Top 3 Losers Domestic News
Company 14-Sep Prev_Day
Coal India 277 282 -1.49
HCL Tech 1071 1087 -1.48
Infosys 734 743 -1.24
Advance Decline Ratio
Advances 1811 1276
Declines 850 540
Unchanged 170 82
Institutional Flows (Equity)
FII Flows* -6324
MF Flows** 79535
Sep 2018; **11
YoY(%) Current Year Ago
Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI
from 2010 to 2012
• Government data showed that India’s Wholesale Price Index-based
inflation (WPI) eased to 4.53% in Aug 2018 from 5.09% in Jul 2018 as
prices of food articles, mainly vegetables, came down. This marked a
four-month low. Wholesale price inflation was at 3.24% in Aug 2017.
Inflation in vegetables declined 20.18% as against a decline of 14.07% in
Jul. Inflation in fruits fell 16.40% in Aug as against a decline of 8.81% in
Jul. Meanwhile, inflation for onion fell 26.80% in Aug as against an
increase of 38.82% in Jul. ‘Fuel and power' inflation went up 17.73% in
Aug as against an increase of 18.10% in Jul. The WPI Food Index came in
at -2.25% in Aug as against -0.86% in Jul.
• According to media reports, the government could auction power
supply contracts with attached coal supplies. It could also relax rules to
allow coal usage for short-term power contracts and start a payment
mechanism to enable power projects recover dues from state electricity
distribution companies. This may ease sectoral stress to a large extent,
the report said. A high-level empowered committee headed by the
cabinet secretary is looking into the proposals and will meet Sep 21,
• The date, Oct 1, 2018, has been notified by the government for
implementing the tax deducted at source (TDS) and tax collected at
source provisions under Goods and Services Tax (GST) law. According to
the Central GST (CGST) Act, notified entities need to collect TDS at 1% on
payments to goods or services suppliers in excess of Rs 2.5 lakh. States
will levy 1% TDS under state laws. E-commerce companies will have to
collect up to 1% TCS when they make payment to suppliers.
• The Prime Minister will hold a meeting to do an economic review after
the rupee has witnessed record-lows, according to media reports. The
rupee has decreased around 13% since the start of 2018 because of a
strengthening U.S. dollar. The fall has put pressure on India’s current
account deficit and crude oil imports. Economists have advised the
government to stay committed to the fiscal deficit target and sidestep
• Optimism over the probable meeting of U.S. and China continued to
support Asian equity markets. Also, the Turkey central bank sharply
raising its key interest to control inflation helped sooth emerging market
risk concerns. Today (as of Sep 17), Asian markets opened almost on a
lower note following intensifying trade tensions between U.S. and China
amid reports that U.S. could impose new tariffs on Chinese goods.
Hangseng fell 1.21% (as at 8.a.m. IST). Nikkei remained closed.
• As per the last close, European markets closed higher on gains in auto
and mining stocks. Reports that another round of talks could take place
between the U.S. and China in the near future added to the gains.
Concerns about emerging markets also eased somewhat after Turkey's
central bank sharply raised its key interest rate.
• As per the last close, U.S markets closed on almost on a steady note.
Gains in semiconductor and transportation stocks boosted the indices.
However, reports that U.S. President has instructed to proceed with
plans to impose tariffs on an additional $200 billion worth of Chinese
goods capped the gains.
• Indian equity markets closed the last session of the week on a strong
footing with benchmark indices gaining handsomely. The positive
sentiment was backed by encouraging macro-economic numbers, lower
crude oil prices and rupee gaining some strength. Government data
showed CPI and WPI inflation eased in Aug 2018, which investors believe
will take the pressure off the Reserve Bank of India to raise interest rates
in the near future. Also, news that the Prime Minister is going to hold a
meeting in the day to review the economic situation in the wake of the
sliding rupee, buoyed investors.
• Key benchmark index S&P BSE Sensex gained 0.99% to close at
38,090.64 and Nifty 50 grew 1.28% to close at 11,515.20. S&P BSE Mid-
Cap and S&P BSE Small Cap gained 1.62% and 1.38%, respectively.
• On the BSE sectoral front, all the sectors gained. S&P BSE Realty and
S&P BSE Basic Materials were the major gainers, up 3.29% and 2.66%,
respectively. S&P BSE Power and S&P BSE Utilities grew 2.55% and
2.26%, respectively. S&P BSE Consumer Durables and S&P BSE Metal
each grew 2.26%.