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26 May 2020
Markets for You
Global Indices
Global Indices 25-May Prev_Day Abs. Change
% Change
#
Russell 3000
[1]
1,452 1,445 7 0.49
Nasdaq
[1]
9,325 9,285 40 0.43
FTSE
[1]
5,993 6,015 -22 -0.37
Nikkei 20,742 20,388 353 1.73
Hang Seng 22,952 22,930 22 0.10
Indian Indices 22-May Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 30,673 30,933 -260 -0.84
Nifty 50 9,039 9,106 -67 -0.74
Nifty 100 9,227 9,300 -73 -0.79
Nifty 500 7,416 7,471 -55 -0.73
Nifty Bank 17,279 17,735 -456 -2.57
S&P BSE Power 1,418 1,426 -9 -0.61
S&P BSE Small Cap 10,524 10,548 -24 -0.23
S&P BSE HC 15,518 15,452 66 0.43
Date P/E Div. Yield P/E Div. Yield
22-May 18.79 1.24 20.97 1.69
Month Ago 18.90 1.24 20.48 1.66
Year Ago 28.91 1.20 29.44 1.11
Nifty 50 Top 3 Gainers
Company 22-May Prev_Day
% Change
#
Zee Ente. 163 154 6.04
M&M 426 408 4.42
Cipla 639 617 3.69
Nifty 50 Top 3 Losers Domestic News
Company 22-May Prev_Day
% Change
#
Axis Bank 337 357 -5.67
HDFC Ltd. 1516 1597 -5.08
Bajaj Finserv Limited 4316 4539 -4.93
Advance Decline Ratio
BSE
NSE
[1]
Advances 932 667
Declines 1365 1103
Unchanged 153 121
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -45825
MF Flows** 34768
*22
nd
May 2020; **21
st
May 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
5.91%
(Mar-20)
2.86%
(Mar-19)
IIP
-16.70%
(Mar-20)
2.70%
(Mar-19)
GDP
4.70%
(Dec-19)
5.60%
(Dec-18)
[1]
Data as on 22 May 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
26 May 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)
5.10%
(Sep-19)
Quarter Ago
Inflow/Outflow
-385
-206
7.35%
(Dec-19)
Indian equity markets closed in the red as investors shrugged off the
outcome of Monetary Policy Committee’s meeting held on May 22 wherein
the central bank cut key policy rates by 40 bps. Markets witnessed selling
pressure after the RBI Governor said that the GDP growth for FY 21 is
estimated to remain in the negative territory with some pickup in growth
impulses in the second half of the current fiscal onwards. He added that
the inflation outlook is highly uncertain due to the outbreak of the Covid-
19 pandemic and expressed concern over elevated prices of pulses.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.84% and 0.74%
to close at 30,672.59 and 9,039.25 respectively. S&P BSE MidCap and S&P
BSE SmallCap lost 0.83% and 0.23% respectively.
The overall market breadth on BSE was weak with 932 scrips advancing and
1,365 scrips declining. A total of 153 scrips remained unchanged.
On the BSE sectoral front, S&P BSE IT was the major gainer, up 1.68%
followed by S&P BSE Teck, up 1.44% and S&P BSE Healthcare, up 0.43%.
S&P BSE Finance was the major loser, down 3% followed by S&P BSE
Bankex, down 2.44% and S&P BSE Metal, down 1.98%.
The Monetary Policy Committee (MPC) in its second off-cycle monetary
policy review in less than two months lowered the key policy repo rate by
40 bps to a record low of 4.00% by a five to one vote. Subsequently the
reverse repo rate stands reduced to 3.35% from the earlier 3.75% while the
marginal standing facility rate and the bank rate has also been lowered to
4.25% from the earlier 4.65%. The MPC decided to continue with its
accommodative stance on its monetary policy as long as it is necessary to
mitigate the impact of the COVID-19 pandemic on the domestic economy
while ensuring that retail inflation remains within its medium-term target.
MPC decided to lower the key policy repo rate in order to ease financial
conditions as it noted that the impact of the COVID-19 pandemic on the
domestic economy was more severe than anticipated and as a result
various sectors of the economy was reeling under acute stress. The COVID-
19 pandemic led to supply disruption and demand compression. Also, the
destruction of financial and economic activity severely affected the health
and the livelihood. MPC expects the easing of monetary policy will help
revive the domestic economic activity to some extent by facilitating the
flow of funds at affordable rates.
According to the MPC, the inflation outlook of the country moving ahead is
clouded with uncertainty. MPC expects that the unusual rise in food
inflation to moderate with gradual easing of restrictions on COVID-19
induced lockdowns. Also, a normal monsoon is expected to keep food
inflation under control. In addition, muted global crude oil prices and lower
prices of metals and other industrial raw materials will help keep the input
costs of domestic firms on the downside. Besides deficient demand is also
expected to keep retail inflation muted. However, the persisting supply
disruptions and volatility in financial markets may neutralize the above-
mentioned aspects and result in an increase in domestic inflationary
pressures to some extent. Overall, MPC expects retail inflation to come
down below its medium-term target in the third quarter and fourth quarter
of FY21.
Most of the Asian markets rose as growing signs of re-opening of
economies around the world helped investors shrug off a flare up in U.S.
China tensions. Today (as on May 26), Asian markets rose after American
biotech firm has started the first human study of its experimental
coronavirus vaccine. Both Nikkei and Hang Seng traded up 1.57% and
1.89% (as at 8.a.m. IST), respectively.
European markets surged amid thin holiday trade, on optimism that the
economies will start recovering thanks to easing of lockdown measures and
gradual reopening of businesses. U.K. market was closed due to holiday.
U.S. markets were little changed after moving in a range bound during the
session. Concerns about rising tensions between the U.S. and China also
kept market participants on the sidelines, as Beijing moved to strengthen
control over Hong Kong with new security laws.
Markets for You