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12 Dec 2019
Markets for You
Global Indices
Global Indices 11-Dec Prev_Day Abs. Change
% Change
#
Russell 3000 1,383 1,377 5 0.37
Nasdaq 8,654 8,616 38 0.44
FTSE 7,216 7,214 2 0.03
Nikkei 23,392 23,410 -18 -0.08
Hang Seng 26,645 26,437 209 0.79
Indian Indices 11-Dec Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 40,413 40,240 173 0.43
Nifty 50 11,910 11,857 53 0.45
Nifty 100 12,000 11,946 54 0.45
Nifty 500 9,636 9,595 41 0.43
Nifty Bank 31,257 31,160 96 0.31
S&P BSE Power 1,858 1,837 21 1.12
S&P BSE Small Cap 13,147 13,145 1 0.01
S&P BSE HC 13,279 13,220 59 0.44
Date P/E Div. Yield P/E Div. Yield
11-Dec 28.42 1.14 27.76 1.25
Month Ago 26.56 1.15 27.52 1.25
Year Ago 22.83 1.25 25.52 1.26
Nifty 50 Top 3 Gainers
Company 11-Dec Prev_Day
% Change
#
GAIL 117 111 5.63
Zee Ente. 283 271 4.61
NTPC 113 110 2.73
Nifty 50 Top 3 Losers Domestic News
Company 11-Dec Prev_Day
% Change
#
Yes Bank 43 51 -15.33
Vedanta Limited 139 141 -1.67
Hero Moto 2296 2330 -1.45
Advance Decline Ratio
BSE NSE
Advances 970 696
Declines 1510 1123
Unchanged 192 117
Institutional Flows (Equity)
Description (Cr) YTD
FII Flows* 92591
MF Flows** 52179
*11
th
Dec 2019; **3
rd
Dec 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)
7.00%
(Sep-18)
[1]
Data as on 10 Dec 2019
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
12 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
809
-182
3.15%
(Jul-19)
Indian equity markets rebounded as investors looked forward to the U.S.
Reserve’s policy meet later in the day. Also, key domestic economic data
will come out in the week and expectations are of upbeat reports.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.43% and
0.45% to close at 40,412.57 and 11,910.15 respectively. S&P BSE MidCap
and S&P BSE SmallCap gained 0.52% and 0.01% respectively.
The overall market breadth on BSE was weak with 970 scrips advancing and
1,510 scrips declining. A total of 192 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Utilities was the major gainer, up 1.52%
followed by S&P BSE Oil & Gas, up 1.13% and S&P BSE Power, up 1.12%.
S&P BSE Capital Goods was the major loser, down 0.83% followed by S&P
BSE Telecom, down 0.81% and S&P BSE Basic Materials, down 0.31%.
Media reports showed the Asian Development Bank (ADB) has cut its
forecast for India's economic growth in FY20 to 5.1%. The bank said
consumption was impacted by slow job growth and rural distress made
worse by poor harvest. In Sep 2019, ADB forecast India's GDP to grow 6.5%
in FY20 and 7.2% in FY21.
According to media reports, the goods and services tax (GST) rates and
slabs could be raised at the GST Council meeting next week. This comes in
the wake of pressure on revenue collection. The GST Council, headed by
the Finance Minister, is set to meet on Dec 18, 2019, with the backdrop of
lower than expected GST collection and pending compensation to states.
There are four slabs under the GST regime -- 5%, 12%, 18% and 28%.
Government said the Data Protection Bill, 2019, will "safeguard" the rights
of Indians and data will not be taken without their consent. Union
Electronics and IT Minister introduced the Bill in the Parliament that will
empower the government to ask companies for anonymised personal and
non-personal data.
The government has drawn a roadmap to get the country to enter the top
50 countries in the World Bank’s Ease of Doing Business rankings, media
reports showed. The Prime Minister has been brainstorming with ministries
on the matter. The government has worked out a strategy to focus on
Kolkata and Bangalore, the cities that will be reviewed by the World Bank
afteritexpandedthescopeoftheannualexercisetocoverfourIndian
cities. Discussions have been carried out with West Bengal and Karnataka
governments, who have offered full cooperation.
Asian equity markets were mostly higher as media reports suggested that
the U.S. and Chinese trade negotiators are working towards delay of a fresh
round of tariffs set to start on Dec 15, 2019. Investors also looked forward
to key central bank meetings and the U.K. general election. Today (as of
Dec 12), Asian markets opened higher as the U.S. Federal Reserve hinted
that it will not raise rates in 2020. Both Nikkei and Hang Seng were trading
up 0.23% and 1.26%, respectively (as at 8.a.m. IST).
European markets ended higher as investors looked forward to the U.S.
Federal Reserve’s policy meet, wherein the central bank is widely expected
to keep rates unchanged. Markets also monitored developments on the
U.S.-China trade front.
U.S. markets inched up on U.S. Federal Reserve’s decision to maintain status
quo in interest rates. Also, the central bank signalled rates are going to stay
like this for a while.
Markets for You