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24 Jun 2020
Markets for You
Global Indices
Global Indices 23-Jun Prev_Day Abs. Change
% Change
#
Russell 3000 1,557 1,546 10 0.67
Nasdaq 10,131 10,056 75 0.74
FTSE 6,320 6,245 76 1.21
Nikkei 22,549 22,437 112 0.50
Hang Seng 24,907 24,511 396 1.62
Indian Indices 23-Jun Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 35,430 34,911 519 1.49
Nifty 50 10,471 10,311 160 1.55
Nifty 100 10,661 10,494 166 1.59
Nifty 500 8,621 8,486 135 1.59
Nifty Bank 22,265 21,708 557 2.56
S&P BSE Power 1,655 1,588 67 4.24
S&P BSE Small Cap
12,668 12,444 224 1.80
S&P BSE HC 16,816 16,575 242 1.46
Date P/E Div. Yield P/E Div. Yield
23-Jun 22.92 1.00 26.05 1.45
Month Ago 18.79 1.24 20.97 1.69
Year Ago 27.96 1.22 28.99 1.24
Nifty 50 Top 3 Gainers
Company 23-Jun Prev_Day
% Change
#
L&T Ltd. 968 907 6.63
Bajaj Finance 3026 2840 6.52
IndusInd Bank 520 490 6.23
Nifty 50 Top 3 Losers Domestic News
Company 23-Jun Prev_Day
% Change
#
RIL 1721 1746 -1.45
Bharti Airtel 579 581 -0.39
Maruti 5887 5896 -0.16
Advance Decline Ratio
BSE NSE
Advances 1939 1388
Declines 777 512
Unchanged 160 65
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -18151
MF Flows** 37947
*23
rd
Jun 2020; **18
th
Jun 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
5.84%
(Mar-20)
2.86%
(Mar-19)
IIP
-55.49%
(Apr-20)
3.20%
(Apr-19)
GDP
3.10%
(Mar-20)
5.70%
(Mar-19)
[1]
Data as on 22 Jun, 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
24 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
2.20%
(Jan-20)
4.10%
(Dec-19)
Quarter Ago
Inflow/Outflow
783
431
7.35%
(Dec-19)
Indian equity markets edged higher, led by positive global cues after U.S.
government said that the U.S.-China trade deal remains intact, thereby
clarifying earlier confusing statements from the White House over the fate
of the deal.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 1.49% and
1.55% to close at 35,430.43 and 10,471.00 respectively.
The overall market breadth on BSE was strong with 1,939 scrips advancing
and 777 scrips declining. A total of 160 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Power was the major gainer, up 4.24%
followed by S&P BSE Capital Goods, up 4.06% and S&P BSE Utilities, up
3.4%. S&P BSE Energy was the only loser, down 1.05%.
Capital market regulator Securities and Exchange Board of India (SEBI) has
relaxed rules that govern raising of funds through preferential allotment of
shares. The new rules are expected to put a check on value erosion by
bringing down the latency period.
According to reports, the Ministry of Finance has informed that banks have
sanctioned loans which are more than Rs. 79,000 crore till Jun 20, 2020 to
1.9 million Micro, Small and Medium Enterprises (MSMEs) and other
businesses. Out of this, Rs 35,000 crore has already been disbursed by
banks.
According to media reports, the government is considering putting a check
on pharmaceuticals imports from China. This will be bought about through
stricter scrutiny of active pharmaceutical ingredients, key starting materials
for medicines and medical equipments. The government is also considering
imposing higher duties on Chinese products. The move comes amid rising
geopolitical tensions between India and China.
According to reports, the Indian government has started a probe regarding
the alleged dumping of aluminum foil from China, Indonesia, Malaysia and
Thailand. The move comes after domestic manufacturers raised concerns
over the same and requested anti-dumping duty to be imposed on such
imports.
Indian Bank reported Rs 188.60 crore loss before tax for the quarter ended
Mar 2020 compared with Rs. 393.42 crore loss for the same period last
year. The Bank's net loss stood at Rs 217.7 crore in the quarter ended Mar
2020. Total revenue rose from Rs. 5,537.46 crore during the same time last
year to Rs. 6,334.36 crore during the quarter.
Titan Europe Ltd, the foreign partner of Wheels India Ltd, a TVS Group
company, has decided to reduce its stake by selling 5% to 10% in the
company. TVS Group firm and promoter of the company, Sundaram Finance
Holding, will buy out the stake from the foreign partner.
Asian markets closed higher after U.S. government clarified that the U.S.-
China trade deal remains intact and that its earlier comments had been
taken out of context. Today (as on Jun 24) markets traded higher tracking
overnight gains in the Wall Street. Nikkei traded up 0.29% and Hang Seng
traded flat (as at 8:00 AM IST), respectively.
European markets too rose following reassurance from the U.S.
government on its phase one trade deal with China and encouraging batch
of economic data from the euro area.
U.S. markets closed higher with investors taking positive cues from the
clarifying remarks of the U.S. government about the U.S.-China trade deal.
Markets for You