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10 Jun 2020
Markets for You
Global Indices
Global Indices 09-Jun Prev_Day Abs. Change
% Change
#
Russell 3000 1,544 1,546 -1 -0.08
Nasdaq 9,954 9,925 29 0.29
FTSE 6,336 6,473 -137 -2.11
Nikkei 23,091 23,178 -87 -0.38
Hang Seng 25,057 24,777 280 1.13
Indian Indices 09-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 33,957 34,371 -414 -1.20
Nifty 50 10,047 10,167 -121 -1.19
Nifty 100 10,231 10,347 -115 -1.12
Nifty 500 8,238 8,324 -86 -1.03
Nifty Bank 20,725 21,187 -462 -2.18
S&P BSE Power 1,562 1,570 -8 -0.48
S&P BSE Small Cap
11,846 11,965 -119 -1.00
S&P BSE HC 16,200 16,015 185 1.16
Date P/E Div. Yield P/E Div. Yield
9-Jun N.A N.A 24.25 1.52
Month Ago 19.77 1.20 21.28 1.64
Year Ago 28.16 1.21 29.36 1.23
Nifty 50 Top 3 Gainers
Company 09-Jun Prev_Day
% Change
#
Dr.Reddy 4124 3968 3.94
IndusInd Bank 464 452 2.72
Sun Pharma 501 489 2.40
Nifty 50 Top 3 Losers Domestic News
Company 09-Jun Prev_Day
% Change
#
Wipro 218 226 -3.58
GAIL 101 105 -3.48
Tata Motors 111 115 -3.46
Advance Decline Ratio
BSE NSE
Advances 1111 773
Declines 1470 1135
Unchanged 168 77
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -18469
MF Flows** 37094
*9
th
Jun 2020; **3
rd
Jun 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
5.84%
(Mar-20)
2.86%
(Mar-19)
IIP
-16.70%
(Mar-20)
2.70%
(Mar-19)
GDP
3.10%
(Mar-20)
5.70%
(Mar-19)
[1]
Data as on 08 Jun, 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
10 June 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
0.40%
(Dec-19)
4.10%
(Dec-19)
Quarter Ago
Inflow/Outflow
-1200
1053
7.35%
(Dec-19)
Indian equity markets closed lower as concerns over rising coronavirus
cases rekindled after Delhi Deputy Chief Minister said that the total number
of covid-19 cases in the Delhi may rise to over 550,000 by end of Jul.
Sentiments also dampened as World Bank projected India’s economy to
contract 3.2% in FY 2021 due to stringent measures to restrict spread of
covid-19, which brought all business activities to a grinding halt.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 1.2% and 1.19% to
close at 33,956.69 and 10,046.65 respectively. S&P BSE MidCap and S&P
BSE SmallCap lost 0.21% and 1% respectively.
The overall market breadth on BSE was weak with 1,111 scrips advancing
and 1,470 scrips declining. A total of 168 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Healthcare was the major gainer, up
1.16% followed by S&P BSE Realty, up 0.3% and S&P BSE FMCG, up 0.01%.
S&P BSE Telecom was the major loser, down 3.06% followed by S&P BSE
Bankex, down 2.3% and S&P BSE Energy, down 1.97%.
According to the World Bank, India's economy is expected to contract 3.2%
in FY21, a significant decrease from its Apr 2020 projection of 1.5% - 2.8%
growth. As per the bank, coronavirus pandemic and the multi-phased
lockdown imposed to control its spread has resulted in a shocking blow to
the Indian economy.
Securities and Exchange Board of India has reported relaxation of
compliance requirements for issuers seeking to list their non-convertible
debentures (NCDs), non-convertible redeemable preference shares
(NCRPS) and commercial papers (CPs). The relaxation has been given with
regard to disclosure of financial results by another month till Jun 30, 2020.
According to a global rating agency, India's sovereign decline in ratings has
created six "fallen angels," or non-financial-sector companies whose ratings
have fallen to just one notch away from being considered junk. Companies
moving from investment grade to sub-investment grade are sometimes
referred to as "Fallen Angels." All the six companies are state-run
companies in the oil and gas sector, with $1 billion in classified bonds to be
repaid by 2021.
According to Mercer's '2020 Cost of Living Survey', Mumbai is ranked 19th
in Asia at the world's 60th most expensive city for expatriates. Mumbai is
the most expensive among Indian cities surveyed, followed by New Delhi
(101st globally) and Chennai (143rd globally). Bengaluru (171) and Kolkata
(185) are the least expensive Indian cities in the rankings.
According to media reports, the net profit of Titan rose 21% on a yearly
basis to Rs. 358 crore for the quarter ended Mar 2020. However, the
revenue came down 5.5% to Rs. 4,469 crore. The company reported that
business was adversely impacted in the second half of Mar 2020 after the
government imposed a nationwide lockdown to combat the COVID-19
pandemic.
Asian markets largely remained positive led by hopes for a speedy
economic recovery from the coronavirus-induced downturn. However,
gains were restricted after the World Bank warned the global economy may
shrink by 5.2 % this year. Today (as on Jun 10), majority of the markets
traded lower tracking overnight weakness in U.S. and European markets.
Nikkei is down 0.39%, while Hang Seng is up 0.91% (as at 8.a.m. IST).
European markets too closed lower amid growth worries after data showed
a sharp contraction in Euro Zone GDP for Q1 and a marked decline in
German exports.
Most of the U.S. markets fell as investors remained on side-lines ahead of
the Federal Reserve's monetary policy announcements scheduled later
during the day.
Markets for You