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10 Jan 2020
Markets for You
Global Indices
Global Indices 09-Jan Prev_Day Abs. Change
% Change
#
Russell 3000 1,462 1,450 12 0.86
Nasdaq 9,203 9,129 74 0.81
FTSE 7,598 7,575 23 0.31
Nikkei 23,740 23,205 535 2.31
Hang Seng 28,561 28,088 473 1.68
Indian Indices 09-Jan Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 41,452 40,818 635 1.55
Nifty 50 12,216 12,025 191 1.58
Nifty 100 12,320 12,131 188 1.55
Nifty 500 9,944 9,792 152 1.55
Nifty Bank 32,092 31,374 719 2.29
S&P BSE Power 1,945 1,927 18 0.95
S&P BSE Small Cap 14,089 13,874 215 1.55
S&P BSE HC 13,533 13,435 98 0.73
Date P/E Div. Yield P/E Div. Yield
9-Jan 26.22 1.02 28.41 1.23
Month Ago 28.46 1.14 27.82 1.25
Year Ago 23.51 1.17 26.15 1.24
Nifty 50 Top 3 Gainers
Company 09-Jan Prev_Day
% Change
#
Bharti Infratel 251 236 6.05
JSW Steel 278 263 5.94
Tata Motors 192 183 5.18
Nifty 50 Top 3 Losers Domestic News
Company 09-Jan Prev_Day
% Change
#
TCS 2214 2255 -1.81
Coal India 198 200 -1.10
HCL Tech 580 586 -0.93
Advance Decline Ratio
BSE NSE
Advances 1823 1372
Declines 749 475
Unchanged 208 117
Institutional Flows (Equity)
Description (Cr) YTD
FII Flows* -200
MF Flows** 286
*9
th
Jan 2020; **7
th
Jan 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
5.54%
(Nov-19)
2.33%
(Nov-18)
IIP
-3.80%
(Oct-19)
8.40%
(Oct-18)
GDP
4.50%
(Sep-19)
7.00%
(Sep-18)
[1]
Data as on 08 Jan 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
10 January 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
4.90%
(Jul-19)
5.00%
(Jun-19)
Quarter Ago
Inflow/Outflow
80
-345
3.28%
(Aug-19)
Indian equity markets gained as de-escalation of tensions between the U.S.
and Iran was welcomed by investors. Oil prices stabilized as well. The U.S.
President said that there were no American casualties in the Iranian strikes
on Iraqi military bases housing U.S. troops. The U.S. will impose new
sanctions on Iran but not respond militarily, he added. Tehran said the
strikes "concluded" its response to the general’s killing.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 1.55% and
1.58% to close at 41,452.35 and 12,215.90 respectively. S&P BSE MidCap
and S&P BSE SmallCap gained 1.51% and 1.55% respectively.
The overall market breadth on BSE was strong with 1,823 scrips advancing
and 749 scrips declining. A total of 208 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Realty was the major gainer, up 2.83%
followed by S&P BSE Auto, up 2.64% and S&P BSE Bankex, up 2.29%. S&P
BSE IT was the only loser, down 0.11%.
Media reports showed the World Bank has projected a 5% growth rate for
India in FY20. It said growth could recover to 5.8% in FY21. The growth rate
for Bangladesh is being seen to remain above 7% through the period.
India’s plan to sell $14.7 billion of government-owned assets in FY20 could
fall short by almost half, according to media reports. This would make it
difficult for the government to fix its budget deficit. Receipts from
disinvestment in the year to Mar 2020 are expected to be between Rs.
50,000 crore ($7 billion) and Rs. 60,000 crore against the target of Rs. 1.05
trillion. The reason for delay is that the sale process is complex, and the
government will run out of time this year.
The Prime Minister has sought suggestions and ideas from people on the
Union Budget. The budget could be presented on Feb 1, 2020. The Prime
Minister brainstormed with top economists at NITI Aayog to discuss the
economic slowdown and set the base for government agenda going
forward. He said the fundamentals of the Indian economy are strong and it
has the capacity to bounce back.
According to the Engineering Export Promotion Council of India (EEPC) the
rupee may witness some volatility in the wake of the adverse geo-political
situation in the Middle East. It said depreciation of home currency does not
always help exporters as a contrarian trend was seen for various months in
engineering exports in FY20. The EEPC analysis of the trade data till Nov
2019 showed quite a few months when the rupee depreciated but exports
did not go up, rather declined.
Asian equity markets gained as investors cheered U.S. President's
controlled response to the Iranian missile attack. He said there were no
casualties from Iran's attack on U.S. forces in Iraq and hinted the U.S. would
put new sanctions on Iran and not respond militarily. Today (as of Jan 10),
Asian markets opened higher on easing U.S.-Iran tensions and record gains
on the Wall Street overnight. Both Nikkei and Hang Seng rose 0.35% and
0.36% (as at 8.a.m. IST), respectively.
European markets gained on cooling Iran-U.S. tensions. The U.S. President
said Iran “appears to be standing down” after the missile strikes on Iraq
airbases housing U.S. troops. He indicated U.S.’ response to the strikes
would not be military.
U.S. markets gained after tensions between U.S. and Iran diffused for the
time being as both sides practiced restraint. Also, tech stocks lent solid
support as product sales of one of the leading U.S. tech companies
increased 18% in Dec 2019 in China.
Markets for You