Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
28 Apr 2020
Markets for You
Global Indices
Global Indices 27-Apr Prev_Day Abs. Change
% Change
#
Russell 3000 1,368 1,351 17 1.26
Nasdaq 8,730 8,635 96 1.11
FTSE 5,847 5,752 95 1.64
Nikkei 19,783 19,262 521 2.71
Hang Seng 24,280 23,831 449 1.88
Indian Indices 27-Apr Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 31,743 31,327 416 1.33
Nifty 50 9,282 9,154 128 1.40
Nifty 100 9,462 9,324 138 1.48
Nifty 500 7,604 7,493 111 1.47
Nifty Bank 20,081 19,587 495 2.52
S&P BSE Power 1,446 1,450 -5 -0.31
S&P BSE Small Cap
10,780 10,634 146 1.37
S&P BSE HC 15,657 15,422 235 1.52
Date P/E Div. Yield P/E Div. Yield
27-Apr 19.20 1.22 20.77 1.64
Month Ago 18.18 1.47 19.52 1.76
Year Ago 27.91 1.18 29.34 1.12
Nifty 50 Top 3 Gainers
Company 27-Apr Prev_Day
% Change
#
IndusInd Bank 407 383 6.40
Britannia Industries Limited 3242 3062 5.88
Axis Bank 427 404 5.78
Nifty 50 Top 3 Losers Domestic News
Company 27-Apr Prev_Day
% Change
#
M&M 330 334 -1.20
NTPC 92 93 -1.12
HDFC Bank 930 938 -0.89
Advance Decline Ratio
BSE NSE
Advances 1304 1085
Declines 1090 762
Unchanged 181 130
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -54978
MF Flows** 35450
*27
th
Apr 2020; **21
st
Apr 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
5.91%
(Mar-20)
2.86%
(Mar-19)
IIP
4.50%
(Feb-20)
0.20%
(Feb-19)
GDP
4.70%
(Dec-19)
5.60%
(Dec-18)
[1]
Data as on 24 Apr 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
28 April 2020
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
2.10%
(Nov-19)
5.10%
(Sep-19)
Quarter Ago
Inflow/Outflow
359
-126
7.35%
(Dec-19)
Indian equity markets edged higher after the Reserve Bank of India
announced that it shall open a special liquidity window of Rs 50,000 crore
to ease pressure on mutual funds. Currently, the industry is reeling under
liquidity pressure amid heightened volatility in capital markets in the wake
of the Covid-19 outbreak.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 1.33% and 1.4%
to close at 31,743.08 and 9,282.30 respectively. S&P BSE MidCap and S&P
BSE SmallCap gained 1.44% and 1.37% respectively.
The overall market breadth on BSE was strong with 1,304 scrips advancing
and 1,090 scrips declining. A total of 181 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Bankex was the major gainer, up 2.88%
followed by S&P BSE Finance, up 2.09% and S&P BSE Basic Materials, up
1.82%. S&P BSE Power was the only loser, down 0.31%.
The Reserve Bank of India (RBI) announced that it will open a special
liquidity window of Rs. 50,000 crore to reduce pressure on mutual funds as
they are facing liquidity concerns due to increased volatility in capital
markets amid Coronavirus outbreak. Under this liquidity window, the RBI
will conduct 90 days tenor repo operations at the fixed repo rate. The
facility will be on-tap and open-ended. Banks can submit their bids to avail
funding on any day from Monday to Friday. Funds availed under the scheme
can be solely used by banks for meeting the liquidity requirements of
mutual funds by extending loans, and undertaking outright purchase of
and/or repos against investment collateral.
As per media reports, overseas investors have withdrawn net Rs. 10,347
crore from the Indian capital markets between Apr 1, 2020 to Apr 24, 2020
as they remained risk-averse amid the coronavirus pandemic.
A major rating agency has further downgraded India’s growth projection to
1.9% in FY21, down from 3.6% stated in Mar 2020. This will be the lowest
GDP growth rate in the last 29 years and assumes that the partial lockdown
will continue till mid-May. The rating agency also assumes contraction of
2.1% for FY21 if the lockdown continued beyond mid-May, which would
take the economy to a 41-year low and would count as only the sixth
instance of negative growth.
As per media reports, the Indian automobile industry is set to report almost
zero sales in Apr 2020, the first time in its history, as factories and
dealerships are closed amid nationwide lockdown. The industry doesn’t
expect much improvement in May 2020 and warned of a prolonged crisis in
the sector because of the impact of coronavirus on the economy and
consumer sentiment.
According to media reports, HDFC Life Insurance reported a 17.6% decline
in pre-tax profit to Rs. 284.47 crore in the quarter ending Mar 2020
compared to Rs 345.28 crore in the same period of the previous year. The
net profit of the company also declined 14.5% to Rs. 311.65 crore from Rs.
364.48 crore in the same period of the previous fiscal. The decline came on
account of loss in investment income and higher provisions.
Asian markets rose amid buying spree as investors hoped that the
coronavirus outbreak is peaking and different countries are beginning to
ease restrictions imposed because of the pandemic. Market sentiments
boosted after Bank of Japan increased its purchases of corporate debt in
order to ease funding strains. Today (as on Apr 28), markets witnessed
mixed trend, as weakness in global crude oil prices partly overshadowed
gains from optimism over further stimulus measures. Nikkei traded down
0.21%, whereas Hang Seng is up 0.50% (as at 8.a.m. IST).
European markets advanced following news that several countries in the
continent are relaxing lockdown restrictions. Hopes of additional stimulus
by the central banks to revive the economies contributed to the upside.
U.S. markets rose amid optimism over additional stimulus ahead of Federal
Reserve and European Central Bank meetings scheduled later this week.
Markets for You