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02 Dec 2019
Markets for You
Global Indices
Global Indices 29-Nov Prev_Day Abs. Change
% Change
#
Russell 3000 1,386 1,392 -6 -0.44
Nasdaq 8,665 8,705 -40 -0.46
FTSE 7,347 7,416 -70 -0.94
Nikkei 23,294 23,409 -115 -0.49
Hang Seng 26,346 26,894 -547 -2.03
Indian Indices 29-Nov Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 40,794 41,130 -336 -0.82
Nifty 50 12,056 12,151 -95 -0.78
Nifty 100 12,183 12,278 -96 -0.78
Nifty 500 9,814 9,870 -56 -0.57
Nifty Bank 31,946 32,123 -177 -0.55
S&P BSE Power 1,925 1,917 8 0.40
S&P BSE Small Cap 13,561 13,497 63 0.47
S&P BSE HC 13,603 13,676 -73 -0.53
Date P/E Div. Yield P/E Div. Yield
29-Nov 28.39 1.14 28.10 1.24
Month Ago 27.10 1.16 27.17 1.27
Year Ago 23.85 1.19 26.27 1.22
Nifty 50 Top 3 Gainers
Company 29-Nov Prev_Day
% Change
#
Bharti Infratel 276 257 7.68
Adani Ports & SEZ 382 373 2.54
Bharti Airtel 442 437 1.33
Nifty 50 Top 3 Losers Domestic News
Company 29-Nov Prev_Day
% Change
#
Zee Ente. 293 311 -5.77
Yes Bank 68 70 -2.50
HUL 2035 2087 -2.48
Advance Decline Ratio
BSE NSE
Advances 1187 876
Declines 1368 934
Unchanged 196 139
Institutional Flows (Equity)
Description (Cr) YTD
FII Flows* 93782
MF Flows** 53658
*29
th
Nov 2019; **22
nd
Nov 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
4.62%
(Oct-19)
3.38%
(Oct-18)
IIP
-4.30%
(Sep-19)
4.60%
(Sep-18)
GDP
4.50%
(Sep-19)
6.60%
(Sep-18)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
02 December 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
1.30%
(Jun-19)
5.00%
(Jun-19)
Quarter Ago
Inflow/Outflow
-136
1628
3.15%
(Jul-19)
Indian equity markets broke their winning streak to end lower. Investor
apprehension of a less than 5% GDP growth in the second quarter hit
sentiment. GDP numbers were scheduled to be announced after market hours.
Global cues were weak too with the U.S. President signing a bill supporting
Hong Kong protestors.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.82% and 0.78% to
close at 40,793.81 and 12,056.05 respectively. S&P BSE MidCap and S&P BSE
SmallCap gained 0.16% and 0.47% respectively.
The overall market breadth on BSE was weak with 1,187 scrips advancing and
1,368 scrips declining. A total of 196 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Telecom was the major gainer, up 2.54%
followed by S&P BSE Realty, up 0.9% and S&P BSE Utilities, up 0.44%. S&P BSE
Energy was the major loser, down 1.46% followed by S&P BSE Metal, down
1.3% and S&P BSE Auto, down 1.15%.
Government data showed that the growth of the Indian economy plunged to
its lowest level in over six years in the quarter ended Sep 19 which can be
attributed to weakness in the domestic manufacturing sector and a fall in
exports on account of global economic slowdown. Gross domestic product
(GDP) grew 4.5% in the second quarter of FY20, down from 5.00% in the
previous quarter and 7.00% in the same period of the previous year. This was
the slowest rate of growth of the Indian economy in as many as 26 quarters. On
the sectoral front, the gross value added growth in the manufacturing sector
plunged 1.0% in the second quarter of this fiscal from 6.9% in the same period
of the previous year. The gross value added growth in the agriculture sector
also plumetted to 2.1% from 4.9% in the corresponding period of the previous
year.
Government data showed that the growth of the index of eight core
industries or the core sector growth contracted 5.8% in Oct 2019 from a
contraction of 5.1% in the previous month and a growth of 4.8% in the same
period of the previous year. The coal sector witnessed the maximum
contraction of 17.6% followed by the electricity sector and the cement sector
which contracted 12.4% and 7.7% respectively. Only the fertilizers sector and
refinery products sector witnessed growth and expanded 11.8% and 0.4%
respectively in Oct 2019.
Government data showed that India’s fiscal deficit for the period from Apr to
Oct of FY20 stood at Rs. 7.2 lakh crore or 102.4% of the budgeted estimate for
the current fiscal. The fiscal deficit was 10.3.9% in the corresponding period of
the previous year. The capital expenditure for the same period stood at Rs. 2.01
lakh crore or 59.5% of the budgeted estimate of Rs. 3.38 lakh crore of FY20.
Revenue receipts stood at 46.2% of the budgeted target of Rs 19.6 lakh crore
for the period from Apr to Oct of FY20. Tax revenue stood at 41.4% of the
budgeted target of Rs 16.5 lakh crore while non-tax revenue stood at 71.6% of
budgeted target of Rs 3.13 lakh crore.
Asian equity markets were mostly lower as investors awaited fresh cues from
the Wall Street. The release of weak Japanese data impacted sentiment, adding
to the cautios mood amid worries that the passing of a bill in the U.S. in support
of Hong Kong protestors could hamper the phase one trade deal. Today (as of
Dec 02), Asian markets rose as official data over the weekend showed Chinese
factory activity rising unexpectedly in Nov 2019. Both Nikkei and Hang Seng
were trading up 1.01% and 0.56%, respectively (as at 8.a.m. IST).
European markets closed lower on trade tensions as U.S.’ official support for
Honk Kong protestors has not gone down well with the Chinese. China’s
foreign ministry called U.S. President’s signing of the bill supporting protestors
as U.S.’ “sinister intentions.”
• U.S. markets were open half day after opening from the Thanksgiving Holiday.
Caution over the trade scenario between U.S. and China on the Hong Kong
issue pulled the market down.
Markets for You