Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
12 Jun 2020
Markets for You
Global Indices
Global Indices 11-Jun Prev_Day Abs. Change
% Change
#
Russell 3000 1,466 1,553 -86 -5.54
Nasdaq 9,493 10,020 -528 -5.27
FTSE 6,077 6,329 -252 -3.99
Nikkei 22,473 23,125 -652 -2.82
Hang Seng 24,480 25,050 -570 -2.27
Indian Indices 11-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 33,538 34,247 -709 -2.07
Nifty 50 9,902 10,116 -214 -2.12
Nifty 100 10,082 10,292 -210 -2.04
Nifty 500 8,137 8,293 -156 -1.89
Nifty Bank 20,525 21,100 -575 -2.72
S&P BSE Power 1,554 1,565 -11 -0.71
S&P BSE Small Cap
11,830 11,955 -125 -1.04
S&P BSE HC 16,043 16,332 -289 -1.77
Date P/E Div. Yield P/E Div. Yield
11-Jun 21.07 1.12 23.90 1.54
Month Ago 19.51 1.22 21.21 1.65
Year Ago 28.43 1.20 29.59 1.22
Nifty 50 Top 3 Gainers
Company 11-Jun Prev_Day
% Change
#
IndusInd Bank 523 500 4.71
Hero Moto 2310 2292 0.77
Power Grid 171 170 0.56
Nifty 50 Top 3 Losers Domestic News
Company 11-Jun Prev_Day
% Change
#
Bharti Infratel 211 233 -9.41
Zee Ente. 176 190 -7.30
SBI 177 188 -5.62
Advance Decline Ratio
BSE NSE
Advances 993 662
Declines 1565 1199
Unchanged 147 83
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -18363
MF Flows** 37094
*11
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 10 Jun, 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
12 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
-371
7.35%
(Dec-19)
The Indian equity markets slumped as the dismal economic outlook from
the U.S. Federal Reserve’s latest policy meeting triggered sell-off. The U.S.
central bank projected a 6.5% decline in the nation’s Gross Domestic
Product (GDP) in 2020 and a 9.3% unemployment rate at the year's end.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 2.07% and 2.12%
to close at 33,538.37 and 9,902.00 respectively. S&P BSE MidCap and S&P
BSE SmallCap lost 1.41% and 1.04% respectively.
The overall market breadth on BSE was weak with 993 scrips advancing and
1,565 scrips declining. A total of 147 scrips remained unchanged.
On the BSE sectoral front, all sectors lost. S&P BSE Telecom was the major
loser, down 4.04%, followed by S&P BSE Metal and S&P BSE Bankex, down
2.85% and 2.79%, respectively. S&P BSE Finance and S&P BSE Teck lost
2.22% and 2.19% respectively.
As per the data from the Reserve Bank of India (RBI), the central bank sold
U.S. Dollar to the tune of $1.142 billion in the first month of FY21, while in
Apr 2019 RBI was a net buyer of the greenback to the tune of $4.901
billion. In Apr 2020, the RBI purchased $2.450 billion and sold $3.592 billion
of the U.S. currency in the spot market.
The government has requested tax officials to allow refunds of unused
input tax credits to companies in some cases bringing major relief to several
companies. The latest clarification from government indicates that
businesses that import goods, have reverse charge transactions or have
intercompany GST charges should not face any issues with their refunds
being kept back as a result of an incompliance.
According to a report named "Mobile Manufacturing in a post-Covid-19
World" by industry body India Cellular and Electronics Association (ICEA)
and a consultancy major, India can achieve $100 billion in mobile phones
and nearly $40 billion in component exports by 2025 with a three-pronged
strategy - restart, restore and resurgence. India ranks third with a modest
$3 billion exports in 2019-20 and is now aiming number two spot.
The Directorate-General for Foreign Trade (DGFT) has prohibited with
immediate effect the export of diagnostic kits, laboratory reagents and
diagnostic instruments falling under schedule 2 of the ITCHS (Indian Trade
Clarification based on Harmonized Coding System) export policy.
Asian markets slipped, taking weak cues from the U.S. Federal Reserve’s
bleak economic outlook in its latest monetary policy meeting. The U.S. Fed
projected a sharp contraction in the U.S. economy this year due to the
coronavirus pandemic and warned of a long road to recovery. Today (as on
Jun 12) markets traded lower, dragged by weak cues from Wall Street.
Both Nikkei and Hang Seng are down 2.53% and 2.27%, respectively (as at 8
AM IST)
European markets witnessed selling pressure after reports showed an
increase in new covid-19 cases and worries about a deep recession
following the U.S. Federal Reserve's recent comments on the outlook for
the U.S. economy.
U.S. markets closed sharply lower amid concerns about a second wave of
coronavirus cases. Recent data from the covid tracking project, has led to
worries about economic reopening following a spike in infections.
Markets for You