Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
24 Mar 2020
Markets for You
Global Indices
Global Indices 23-Mar Prev_Day Abs. Change
% Change
#
Russell 3000 1,056 1,074 -19 -1.73
Nasdaq 6,861 6,880 -19 -0.27
FTSE 4,994 5,191 -197 -3.79
Nikkei 16,888 16,553 335 2.02
Hang Seng 21,696 22,805 -1,109 -4.86
Indian Indices 23-Mar Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 25,981 29,916 -3,935 -13.15
Nifty 50 7,610 8,745 -1,135 -12.98
Nifty 100 7,719 8,852 -1,133 -12.80
Nifty 500 6,243 7,160 -917 -12.81
Nifty Bank 16,918 20,318 -3,400 -16.73
S&P BSE Power 1,291 1,398 -108 -7.70
S&P BSE Small Cap
8,873 10,113 -1,241 -12.27
S&P BSE HC 11,007 11,992 -985 -8.21
Date P/E Div. Yield P/E Div. Yield
23-Mar 15.67 1.72 17.15 2.00
Month Ago 25.11 1.04 27.50 1.26
Year Ago 27.68 1.15 28.08 1.18
Nifty 50 Top 3 Gainers
Company 23-Mar Prev_Day
% Change
#
NA NA NA NA
NA NA NA NA
NA NA NA NA
Nifty 50 Top 3 Losers Domestic News
Company 23-Mar Prev_Day
% Change
#
Axis Bank 309 428 -27.91
Bajaj Finserv Limited 4621 6233 -25.86
IndusInd Bank 336 440 -23.59
Advance Decline Ratio
BSE NSE
Advances 214 107
Declines 2058 1777
Unchanged 129 74
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -39017
MF Flows** 32367
*23
rd
Mar 2020; **20
th
Mar 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
6.58%
(Feb-20)
2.57%
(Feb-19)
IIP
2.00%
(Jan-20)
1.60%
(Jan-19)
GDP
4.70%
(Dec-19)
5.60%
(Dec-18)
[1]
Data as on 20 Mar 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
24 March 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
-6.60%
(Oct-19)
5.10%
(Sep-19)
Quarter Ago
Inflow/Outflow
1198
-3453
5.54%
(Nov-19)
Indian equity markets were witness to the biggest fall in history as the
indices erased almost about 4000 points. Within an hour of market
opening, trading had to stopped as the leading index hit the 10% lower
circuit breaker. The covid-19 outbreak in the country is getting worse with
increasing number of cases because of which several states have gone into
lockdown.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 13.15% and
12.98% to close at 25,981.24 and 7,610.25 respectively. S&P BSE MidCap
and S&P BSE SmallCap lost 12.83% and 12.27% respectively.
The overall market breadth on BSE was weak with 214 scrips advancing and
2,058 scrips declining. A total of 129 scrips remained unchanged.
On the BSE sectoral front, all sectors lost. S&P BSE Bankex was the major
loser, down 16.81%, followed by S&P BSE Finance and S&P BSE Capital
Goods, down 16.06% and 14.94%, respectively. S&P BSE Basic Materials and
S&P BSE Industrials lost 13.73% and 13.63% respectively.
Media reports showed a prominent global rating agency has cut its
estimate for India's GDP growth for FY21 to 5.2% from its earlier estimate
of 6.5% because of the coronavirus outbreak costing economies around the
globe. It put the total and permanent income loss for Asia-Pacific from
COVID-19 at approximately $620 billion.
The government could allow corporate bonds as collateral for repurchase
operations as they seek to ease the recent increase in corporate borrowing
costs in the wake of the coronavirus outbreak, media reports showed.
A former Reserve Bank of India (RBI) governor has suggested for fiscal
stimulus to mitigate the impact of coronavirus outbreak. He said the
outbreak could lower India’s growth by an estimated 1 percentage point
and affect jobs. He highlighted that India’s macroeconomic situation was
already troublesome and the growth would be impacted further due to the
COVID-19 pandemic.
An all-India body of IRS officers said the Income Tax Department is
"proactively pursuing" with the government extension of the statutory Mar
31, 2020, deadline to complete important tax-related works due to the
COVID-19 outbreak. It has also urged all I-T department officials to work
from home in view of the social distancing guidelines issued by the
government.
Asian equity markets were mostly lower as growing number of coronavirus
cases in the U.S. and Europe led investors to worry about a deep global
recession. As more and more countries resort to shutdowns and border
closures to prevent the spread of covid-19, the economic impact is feared
to be severe. Today (as of Mar 24), Asian markets opened higher as the U.S.
Federal Reserve further ramped up stimulus measures. Both Nikkei and
Hang Seng were up 4.22% and 3.69% (as at 8.a.m. IST), respectively.
European markets fell as the coronavirus outbreak continued to weigh on
global financial markets.
U.S. markets fell as lawmakers could not pass a massive fiscal stimulus to
control the economic blow from the coronavirus. Investors believe the wait
could prove costly for the economy.
Markets for You