Global Indices 27-Sep Prev_Day Abs. Change
Dow Jones 26,440 26,385 55 0.21
Nasdaq 8,042 7,990 52 0.65
FTSE 7,545 7,511 34 0.45
Nikkei 23,797 24,034 -237 -0.99
Hang Seng 27,716 27,817 -101 -0.36
Indian Indices 27-Sep Prev_Day Abs. Change
S&P BSE Sensex 36,324 36,542 -218 -0.60
Nifty 50 10,978 11,054 -76 -0.69
Nifty 100 11,187 11,280 -93 -0.82
Nifty Bank 25,042 25,376 -334 -1.32
SGX Nifty 11,041 11,102 -61 -0.55
S&P BSE Power 1,976 1,987 -11 -0.55
S&P BSE Small Cap 14,940 15,240 -300 -1.97
S&P BSE HC 15,236 15,494 -258 -1.66
Date P/E Div. Yield P/E Div. Yield
27-Sep 23.46 1.23 26.69 1.23
Month Ago 25.07 1.14 28.72 1.15
Year Ago 23.08 1.26 25.36 0.98
Nifty 50 Top 3 Gainers
Company 27-Sep Prev_Day
Bharti Infratel 268 262 2.43
TCS 2189 2142 2.18
Coal India 276 273 1.36
Nifty 50 Top 3 Losers Domestic News
Company 27-Sep Prev_Day
Yes Bank 203 224 -9.16
Indiabulls HFC 940 1000 -6.01
Bajaj Finance 2204 2316 -4.81
Advance Decline Ratio
Advances 703 471
Declines 1887 1374
Unchanged 148 90
Institutional Flows (Equity)
FII Flows* -13452
MF Flows** 84377
Sep 2018; **25
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
• Indian equity markets continued to lose ground on Sep 27, 2018,
because of cautiousness among investors. To arrest the fall of rupee, the
government increased import duties on select goods. Also, and the
Reserve Bank of India (RBI) announced steps to ease liquidity, which had
been irking investors ever since a prominent infrastructure development
and finance company defaulted on its debt. But the damp sentiment did
not improve, and financial stocks saw sell-off.
• Key benchmark indices S&P BSE Sensex and Nifty 50 decreased 0.60%
and 0.69% to close at 36,324.17 and 10,977.55, respectively. S&P BSE
Mid-Cap and S&P BSE Small Cap lost 2.19% and 1.97%, respectively.
• The overall market breadth on BSE was weak with 703 scrips advancing
and 1887 scrips declining. A total of 148 scrips remained unchanged.
• On the BSE sectoral front only two sectors gained. S&P BSE Information
Technology was the major gainer, up 0.77%, followed by S&P BSE Teck
that grew 0.65%. S&P BSE Realty was the major loser, down 2.79%
followed by S&P BSE Capital Goods and S&P BSE Finance that fell 1.99%
and 1.95%, respectively.
• The Union Cabinet has cleared a new telecom policy known as National
Digital Communications Policy (NDCP) 2018. The policy aims to get $100
billion investment in the digital communications sector by 2022, provide
broadband to all and create an additional four million jobs. The objective
of the policy includes enhancement of the contribution of the digital
communications sector to 8% of India's Gross Domestic Product (GDP)
from 6% in 2017. Also, it aims at bringing the country to the top-50
nations in the ICT Development Index of International Telecommunication
Union from 134 in 2017.
• India has raised import duty on a range of including air-conditioners,
refrigerators, washing machines, footwear, jewellery, furniture fittings
and tableware. Also, it has been raised on aviation turbine fuel (ATF).
Basic customs duties have been increased by 2.5-10 percentage points on
19 tariff lines that accounted for an import bill of Rs. 86,000 crore in FY18.
Meanwhile, basic customs duty of 5% has been imposed on ATF. The
prices of jet fuel will be increased by Rs. 2,000 per kilolitre beginning Sep
27, 2018. The raise comes on the wake of government’s efforts to rein in
the current account deficit and strengthen up the rupee.
• The Reserve of India (RBI) has permitted the banks to dip further into
statutory cash reserves in a bid to ease a liquidity squeeze. RBI stated that
the banks could carve out 15% of the holdings under the statutory
liquidity reserves to meet their liquidity coverage ratio (LCR) requirements
as against current rate of 13%. The announcement comes in order to ease
the liquidity squeeze that has been troubling the nation’s money markets.
• Reliance Industries has tied up with Vardhman Textiles to produce
innovative fabric including R|Elan GreenGold, which is manufactured by
recycling used PET bottles. The fabric is used in trousers and denim.
R|Elan GreenGold has one of the lowest carbon footprints worldwide
because of its eco-friendly manufacturing attributes.
• Amazon.in has expanded its delivery network in Uttar Pradesh, including
Lucknow, Kanpur, Allahabad, Agra and Meerut. The company has now
around 60 delivery stations and service partner nodes.
• Asian equity markets remained mixed as investors moved cautiously in
the aftermath of U.S. Federal Reserve increasing interest rates and hinting
at another rate hike in 2018. Chinese markets traded lower after official
data showed the country’s industrial profits increased at a slower pace in
Aug 2018. Also, U.S. President accusing Beijing of interfering in the U.S.
midterm elections added to the woes of Chinese markets. Today (as of
Sep 28), Asian market opened higher following gains in the U.S. Wall
Street. Both Nikkei and Hang Seng were trading up 1.37% and 0.57%,
respectively (as at 8.a.m. IST).
• As per the last close, European markets closed higher following strong
corporate news. However, political uncertainty in Italy and trade war
concern between the U.S. and China capped the gains.
• As per the last close, U.S. markets closed higher following rise in share
prices of a major multinational technology company. Strong U.S. durable
goods order in Aug 2018 also added to the gains.