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07 Feb 2020
Markets for You
Global Indices
Global Indices 06-Feb Prev_Day Abs. Change
% Change
#
Russell 3000 1,516 1,507 9 0.58
Nasdaq 9,572 9,509 63 0.67
FTSE 7,505 7,482 22 0.30
Nikkei 23,874 23,320 554 2.38
Hang Seng 27,494 26,787 707 2.64
Indian Indices 06-Feb Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 41,306 41,143 163 0.40
Nifty 50 12,138 12,089 49 0.40
Nifty 100 12,274 12,212 62 0.51
Nifty 500 10,004 9,951 53 0.53
Nifty Bank 31,304 31,002 302 0.97
S&P BSE Power 1,912 1,898 14 0.74
S&P BSE Small Cap
14,730 14,654 76 0.52
S&P BSE HC 14,057 13,947 111 0.80
Date P/E Div. Yield P/E Div. Yield
6-Feb 24.62 1.03 27.16 1.26
Month Ago 25.47 1.05 27.89 1.26
Year Ago 23.64 1.14 27.39 1.22
Nifty 50 Top 3 Gainers
Company 06-Feb Prev_Day
% Change
#
IndusInd Bank 1334 1273 4.83
Eicher Motors 20391 19487 4.64
Zee Ente. 236 227 4.04
Nifty 50 Top 3 Losers Domestic News
Company 06-Feb Prev_Day
% Change
#
Tata Motors 179 184 -2.67
Cipla 440 448 -1.77
Infosys 771 785 -1.68
Advance Decline Ratio
BSE NSE
Advances 1379 1063
Declines 1121 764
Unchanged 156 126
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 11051
MF Flows** 1809
*6
th
Feb 2020; **4
th
Feb 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
7.35%
(Dec-19)
2.11%
(Dec-18)
IIP
1.80%
(Nov-19)
0.20%
(Nov-18)
GDP
4.50%
(Sep-19)
7.00%
(Sep-18)
[1]
Data as on 05 Feb 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
07 February 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
-1.40%
(Aug-19)
5.00%
(Jun-19)
Quarter Ago
Inflow/Outflow
63
530
3.99%
(Sep-19)
Indian equity markets gained after the Reserve Bank of India (RBI) took
measures to boost credit growth to the real estate sector. Though RBI kept
its lending rate unchanged, it tweaked maintenance of cash reserve ratio
(CRR) rules by providing relaxation in calculation of total deposits. The
central bank did this to increase lending to micro, small and medium
enterprises as well as the auto and home segments.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.4% and 0.4%
to close at 41,306.03 and 12,137.95 respectively. S&P BSE MidCap and S&P
BSE SmallCap gained 0.81% and 0.52% respectively.
The overall market breadth on BSE was strong with 1,379 scrips advancing
and 1,121 scrips declining. A total of 156 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Telecom was the major gainer, up 1.93%
followed by S&P BSE Finance, up 1.21% and S&P BSE Utilities, up 1.05%.
S&P BSE Consumer Durables was the major loser, down 1.1% followed by
S&P BSE IT, down 0.8% and S&P BSE FMCG, down 0.5%.
The Monetary Policy Committee (MPC) kept key policy repo rate unchanged
in its sixth bi-monthly monetary policy review. The policy repo rate thus
presently stands at 5.15%. The reverse repo rate remains unchanged at
4.90% while the marginal standing facility rate and the bank rate remains at
5.40%. However, the MPC decided to continue with its accommodative
stance on the monetary policy.
According to MPC, it was prudent to keep the monetary policy on hold as
the inflation outlook of the country moving ahead is clouded with
uncertainty and retail inflation may remain at elevated levels in the short
term. This can be attributed to increase in prices of pulses and proteins due
to shortfall in kharif production, adjustment in telecom charges, the
increase in prices of drugs and pharmaceuticals, impact of new emission
norms and increase in customs duties on items of retail consumption as
mandated by the government in the Union Budget.
The Reserve Bank of India (RBI) announced that from the fortnight
beginning Feb 15, 2020 it would conduct Long Term Repo Operations
(LTROs) for one- and three-year periods for up to a total amount of Rs. 1
lakh crore at the policy repo rate of 5.15%. The objective of the move is to
improve the monetary transmission and improve credit flows to productive
sectors. RBI in order to improve bank credit to specific sectors has decided
to do away with the cash reserve ratio of 4% for retail loans for
automobiles, residential housing and loans to micro, small and medium
enterprises (MSMEs).
MPC raised its retail inflation forecasts for H1FY21 to a range of 5.0% to
5.4%, higher than its previous projection of 3.8% to 4.0% for the same
period as the near-term inflation outlook remains uncertain. According to
MPC, food prices may go up as rise in input costs may lead to an increase in
milk prices while a shortfall in kharif production may lead to an increase in
prices of pulses. Volatility in global crude oil prices and uncertain global
economic outlook are also expected to impact the retail inflation outlook
for the country.
Asian equity markets gained on the back of upbeat U.S. economic data and
reports that a vaccine or treatment has been developed to combat the
outbreak. However, World Health Organization officials tamped down such
expectations. Today (as of Feb 7), Asian markets opened lower as investors
awaited key Chinese economic data. Both Nikkei and Hang Seng dropped
0.26% and 0.17% (as at 8.a.m. IST), respectively.
European markets closed higher on the back of upbeat earnings and as
virus outbreak fears eased. China’s decision to cut tariffs on many U.S.
goods also went down well with investors.
U.S. markets gained as China announced it will halve tariffs on several U.S.
products. Strong corporate earnings and economic data supported
sentiment.
Markets for You