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17 Jul 2020
Markets for You
Global Indices
Global Indices 16-Jul Prev_Day Abs. Change
% Change
#
Russell 3000 1,607 1,619 -12 -0.72
Nasdaq 10,474 10,550 -77 -0.73
FTSE 6,251 6,293 -42 -0.67
Nikkei 22,770 22,946 -175 -0.76
Hang Seng 24,971 25,482 -511 -2.00
Indian Indices 16-Jul Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 36,472 36,052 420 1.16
Nifty 50 10,740 10,618 122 1.15
Nifty 100 10,880 10,770 110 1.02
Nifty 500 8,767 8,690 77 0.88
Nifty Bank 21,597 21,341 256 1.20
S&P BSE Power 1,502 1,516 -15 -0.96
S&P BSE Small Cap
12,642 12,659 -17 -0.13
S&P BSE HC 16,942 16,738 204 1.22
Date P/E Div. Yield P/E Div. Yield
16-Jul 24.34 1.06 28.19 1.49
Month Ago 21.32 1.10 24.31 1.54
Year Ago 28.13 1.20 28.51 1.28
Nifty 50 Top 3 Gainers
Company 16-Jul Prev_Day
% Change
#
Infosys 911 831 9.63
BPCL 394 370 6.57
Cipla 675 638 5.69
Nifty 50 Top 3 Losers Domestic News
Company 16-Jul Prev_Day
% Change
#
Bharti Infratel 190 204 -6.84
Tech Mahindra 599 615 -2.58
ITC 194 199 -2.44
Advance Decline Ratio
BSE NSE
Advances 1042 758
Declines 1569 1115
Unchanged 159 85
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -23369
MF Flows** 36510
*16
th
Jul 2020; **13
th
Jul 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
6.09%
(Jun-20)
3.18%
(Jun-19)
IIP
-34.71%
(May-20)
4.50%
(May-19)
GDP
3.10%
(Mar-20)
5.70%
(Mar-19)
[1]
Data as on 15 Jul, 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
17 July 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
5.20%
(Feb-20)
4.10%
(Dec-19)
Quarter Ago
Inflow/Outflow
-808
-35
5.84%
(Mar-20)
Indian equity markets rose, led by rally in key IT stock, following better than
expected numbers for the June quarter of FY 21.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 1.16% and
1.15% to close at 36,471.68 and 10,739.95 respectively.
The overall market breadth on BSE was weak with 1,042 scrips advancing
and 1,569 scrips declining. A total of 159 scrips remained unchanged.
On the BSE sectoral front, S&P BSE IT was the major gainer, up 4.14%
followed by S&P BSE Teck, up 3.07% and S&P BSE Healthcare, up 1.22%.
S&P BSE Telecom was the major loser, down 1.52% followed by S&P BSE
Power, down 0.96% and S&P BSE Utilities, down 0.69%.
According to a media report, India's electricity generation fell 3.1% YoY in
the first 15 days of Jul 2020 compared to 9.9% decline in Jun 2020, as per
the provisional data released by the government grid operator POSOCO.
Industries and commercial establishments opened up after further
following gradual easing of lockdowns.
The Reserve Bank of India (RBI) through a notification told Asset
Reconstruction Companies (ARC) to prepare a fair-practices code that
would involve training their recovery agents how not to harass people and
instituting a grievance redressal mechanism that would promptly address
any genuine complaint.
According to Moody's Investors Service, the Rs. 12,450-crore capital
infusion in three state-run insurance companies is "credit positive" as their
capital had been significantly exhausted over the last few years. Last week
the Union Cabinet had decided to put on hold the merger of National
Insurance, The Oriental Insurance and United India Insurance and approved
capital infusion.
ICRA credit rating agency has projected India’s gross domestic product
(GDP) to fall sharply by 25% in the first quarter of FY21 and 12.4% in
subsequent quarter (earlier forecast of 2.1%) and 2.3% drop in Sep quarter
(2.1% earlier), followed 1.3% rise (5% earlier) in the last quarter.
Reliance Industries announced that it has entered into a strategic
partnership with Google under which the latter will invest Rs. 33,737 crore
for 7.73% stake in Jio Platforms. The two companies will work towards
development of entry-level affordable 4G and 5G smartphones as well as
Android-based operating systems.
Infosys reported a 11.5% (YoY) growth in net profit at Rs. 4,233 crore for
the quarter ended Jun 2020 as compared to a net profit of Rs. 3,798 crore
in the same period of the previous year. The consolidated revenue of the
company grew 8.5% on a yearly basis to Rs. 23,665 crore in same quarter as
compared to Rs. 21,803 crore in the same period of the previous year.
Asian markets closed in the red as investors fretted about a second wave of
coronavirus infections and the re-imposition of lockdowns. Additionally, the
simmering U.S.- China trade tension and a mixed set of Chinese economic
data played spoilsport. Today (as on Jul 17), markets traded mixed amid
caution following weak overnight cues from U.S. markets. While Nikkei
traded flat, Hang Seng is up 0.69% (as at 8:00 AM IST).
European markets slipped amid escalating tensions between U.S. and
China, and growing concerns about the relentless surge in new coronavirus
cases in several parts across the world.
U.S. markets went down after data showed that initial weekly jobless claims
rose by 1.3 million in the week to Jul 11, higher than market expectation of
a rise of 1.25 million.
Markets for You