Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
11 Jun 2020
Markets for You
Global Indices
Global Indices 10-Jun Prev_Day Abs. Change
% Change
#
Russell 3000 1,553 1,544 8 0.52
Nasdaq 10,020 9,954 67 0.67
FTSE 6,329 6,336 -7 -0.10
Nikkei 23,125 23,091 34 0.15
Hang Seng 25,050 25,057 -7 -0.03
Indian Indices 10-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 34,247 33,957 290 0.86
Nifty 50 10,116 10,047 70 0.69
Nifty 100 10,292 10,231 60 0.59
Nifty 500 8,293 8,238 55 0.67
Nifty Bank 21,100 20,725 375 1.81
S&P BSE Power 1,565 1,562 3 0.19
S&P BSE Small Cap
11,955 11,846 109 0.92
S&P BSE HC 16,332 16,200 133 0.82
Date P/E Div. Yield P/E Div. Yield
10-Jun 21.54 1.09 24.41 1.51
Month Ago 19.77 1.20 21.28 1.64
Year Ago 28.27 1.20 29.49 1.22
Nifty 50 Top 3 Gainers
Company 10-Jun Prev_Day
% Change
#
IndusInd Bank 500 464 7.70
Hindalco 147 143 3.05
Shree Cements Limited 21513 21010 2.40
Nifty 50 Top 3 Losers Domestic News
Company 10-Jun Prev_Day
% Change
#
Hero Moto 2292 2387 -3.98
GAIL 98 101 -2.97
Bajaj Auto 2717 2791 -2.65
Advance Decline Ratio
BSE NSE
Advances 1511 1155
Declines 1050 740
Unchanged 146 81
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -17992
MF Flows** 37094
*10
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 09 Jun, 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
11 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
477
7.35%
(Dec-19)
Indian equity markets closed in the green supported by last minute buying
in the stocks of some of the industry heavyweights across different sectors,
mainly financial service industry. Meanwhile, investors keenly awaited the
outcome of the U.S. Fed monetary policy. The Fed's statement on the
economic outlook is expected to be a key factor in impacting the market
sentiment for the next few days.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.86% and
0.69% to close at 34,247.05 and 10,116.15 respectively. S&P BSE MidCap
and S&P BSE SmallCap gained 0.81% and 0.92% respectively.
The overall market breadth on BSE was strong with 1,511 scrips advancing
and 1,050 scrips declining. A total of 146 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Bankex was the major gainer, up 1.79%
followed by S&P BSE Realty, up 1.78% and S&P BSE Finance, up 1.44%. S&P
BSE Auto was the major loser, down 1% followed by S&P BSE Metal, down
0.41% and S&P BSE Consumer Discretionary Goods & Services, down 0.38%.
Securities Exchange Board of India (SEBI) eased norms related to fast track
further public offers (FPO). The required average market capitalization of
public shareholding of the company concerned has now been reduced to
Rs. 500 crore from Rs. 1,000 crore. This is applicable for FPO that open on
or before Mar 31, 2021. SEBI had previously relaxed eligibility conditions
related to Fast Track Rights Issue.
The Organisation for Economic Co-operation and Development (OECD) in
its report Economic Outlook (EO) has pegged India’s growth at -3.7% for
FY21 with a warning that growth could further decline to -7.3% in the event
of a second COVID-19 outbreak. The report also mentioned about
increased financial market instability due to deterioration in balance sheets
of the government, corporates and banks. This would also keep investment
rates low and weigh on growth prospects.
As per media reports, The Ministry of Finance issued Rs. 6,195 crore to 14
states as the second equated monthly instalment of the Post Devolution
Revenue Deficit Grant as recommended by the 15th Commission on
Finance. This would give them additional resources during the Corona crisis.
A global rating agency has affirmed 'BBB-' long-term and 'A-3' short-term
unsolicited foreign and local currency sovereign credit ratings on India with
stable outlook on the long-term rating. As per the agency, stable outlook
reflects that Indian economy is expected to recover following the
containment of the COVID-19 pandemic and maintaining its sound net
external position.
Maruti Suzuki India informed in a regulatory filing that it cut production by
97.54% in May 2020 at 3,714 units due to the COVID-19 pandemic. The
company produced 1,51,188 units in the same period of the previous year.
Cipla in a in a regulatory filing informed that the company would acquire
21.85% stake in GoApptiv on a fully-diluted basis in two phases. The cost of
acquisition in the first stage would be around Rs. 9 crore while in the
second stage the cost of acquisition would be around Rs. 3.20 crore.
Asian markets witnessed mixed trend ahead of the outcome of the U.S.
Federal Reserve’s monetary policy meeting, scheduled later during the day.
Meanwhile Chinese markets closed lower after the release of inflation data.
Today (as on Jun 11), markets traded lower tracking weak cues from the
Wall Street. Both Nikkei and Hang Seng are down 0.96% and 0.29%,
respectively (as at 8 AM IST).
European markets closed lower following a report from the Organisation
for Economic Cooperation and Development (OECD) stating that the global
economy is undergoing the deepest recession since the Great Depression in
the 1930s due to covid-19 pandemic.
U.S. markets largely remained under pressure amid concerns about a
second wave of coronavirus cases as the nation push deeper into
reopening.
Markets for You