Global Indices
Global Indices 31-May Prev_Day Abs. Change
% Change
Russell 3000 2,047 2,061 -13 -0.65
Nasdaq 12,935 13,017 -82 -0.63
FTSE 7,446 7,522 -76 -1.01
Nikkei 30,888 31,328 -440 -1.41
Hang Seng 18,234 18,596 -362 -1.94
Indian Indices 31-May Prev_Day Abs. Change
% Change
S&P BSE Sensex 62,622 62,969 -347 -0.55
Nifty 50 18,534 18,634 -99 -0.53
Nifty 100 18,438 18,517 -79 -0.42
Nifty 500 15,766 15,799 -33 -0.21
Nifty Bank 44,128 44,436 -308 -0.69
S&P BSE Power 3,819 3,845 -25 -0.66
S&P BSE Small Cap 30,525 30,319 205 0.68
S&P BSE HC 23,681 23,530 151 0.64
Date P/E Div. Yield P/E Div. Yield
31-May 23.10 1.32 21.59 1.36
Month Ago 22.66 1.26 20.87 1.38
Year Ago 22.53 1.19 20.44 1.43
Nifty 50 Top 3 Gainers
Company 31-May Prev_Day
% Change
Bharti Airtel 850 818 3.84
Kotak Bank 2014 1975 2.01
Britannia Industries Limited 4657 4573 1.83
Nifty 50 Top 3 Losers Domestic News
Company 31-May Prev_Day
% Change
ONGC 155 159 -2.49
Axis Bank 915 937 -2.41
SBI 580 593 -2.18
Advance Decline Ratio
BSE NSE
Advances 1652 1165
Declines 1871 1113
Unchanged 122 95
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 29258
MF Flows** 53474
*31
st
May 2023; **29
th
May 2023
Economic Indicator
YoY(%) Current Year Ago
CPI
4.70%
(Apr-23)
7.79%
(Apr-22)
IIP
1.10%
(Mar-23)
2.20%
(Mar-22)
GDP
6.10%
(Mar-23)
4.00%
(Mar-22)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
01 June 2023
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
5.10%
(Dec-22)
4.40%
(Dec-22)
Quarter Ago
Inflow/Outflow
1074
2441
6.52%
(Jan-23)
• Indian equity markets moved downwards snapping a four-day winning rally
mirroring the weak cues from the global markets. Investors remained
worried ahead of the release of GDP data and disappointed manufacturing
data from China. News related to latest developments around the U.S. debt
ceiling bill also weighed on the market sentiments. However, decline in
crude oil prices in the global markets restricted the losses.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.55% and 0.53%
to close at 62,622.24 and 18,534.40 respectively.
• The overall market breadth on BSE was weak with 1,717 scrips advancing
and 1,796 scrips declining. A total of 132 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Telecommunication was the major
gainer, up 2.15% followed by S&P BSE Consumer Durables, up 0.73% and
S&P BSE Realty, up 0.73%. S&P BSE Energy was the major loser, down 1.2%
followed by S&P BSE Metal, down 1.16% and S&P BSE Oil & Gas, down
1.04%.
• Government data showed that Gross Domestic Product (GDP) of the Indian
economy at Constant (2011-12) prices witnessed a growth of 6.1% in the
fourth quarter of FY23 as compared to a growth of 4.5% in the previous
quarter and a growth of 4.0% in the same period of the previous year. The
growth in real GDP during FY23 was estimated at 7.2% as compared to 9.1%
in FY22. On the sectoral front, the growth of the manufacturing sector
slowed to 1.3% in FY23 from 11.1% in FY22. However, growth of
Agriculture, Forestry & Fishing improved to 4.0% in FY23 from 3.5% in FY22.
Also, growth of Financial, Real Estate & Professional Services accelerated to
7.1% in FY23 from 4.7% in FY22.
• Government data showed that the combined index of eight core industries
grew 3.5% on a yearly basis in Apr 2023 as compared to growth of 3.6% in
the previous month and a growth of 9.5% in the same period of the previous
year. Fertilizers witnessed the maximum growth of 23.5% in Apr 2023
followed by steel and cement sector which witnessed a growth of 12.1%
and 11.6% respectively. In FY23, the combined index of eight core industries
grew 7.7% as compared to a growth of 10.4% in FY22.
• Government data showed that India’s fiscal deficit narrowed to 6.4% of GDP
in FY23 from 6.71% of GDP in the previous fiscal. Revenue deficit also
narrowed to 3.9% of GDP in FY23 from 4.37% of GDP in the previous fiscal.
The Indian government was able to meet its budgeted fiscal deficit target
for FY23 which can be attributed to buoyant tax collections. Total receipts
stood at Rs. 24.56 lakh crore while total expenditure stood at Rs. 41.89 lakh
crore.
• Adani Ports and Special Economic Zone recorded 5% YoY increase in
consolidated net profit to Rs. 1,159 crore in the Mar quarter of 2023.
Consolidated revenue surged 40% YoY to Rs. 5,797 crore.
• Defence PSU firm Mazagon Dock Shipbuilders' net profit more than doubled
on yearly basis to Rs. 326 crore in the Mar quarter of 2023. Revenue from
operations rose 49% YoY to Rs. 2,078.6 crore.
• Asian equity markets fell after data showed that China’s manufacturing
activity shrank faster than expected in May due to weak demand which led
to uncertainty over post-Covid recovery. Market participants also remained
on the side-lines ahead of a vote in Congress to raise the U.S. debt ceiling.
Today (as on June 01), Asian markets opened largely higher ahead of the
outcome of U.S. debt ceiling and factory activity data for China, Japan,
South Korea. Both Nikkei and Hang Seng rose by 0.79% and 0.25%
respectively (as at 8 a.m. IST).
• European equity markets fell due to worries about economic slowdown
followed by the weaker than expected manufacturing data from China and
the possibility of additional interest rate increases by the Federal Reserve
and other top central banks. Further weak economic data of the region and
uncertainties over the U.S. debt ceiling bill ahead of the June 5 deadline,
also contributed to the downside.
• US equity markets fell as investors closely followed developments around
the measure to raise the US debt ceiling and prevent a potential default.
Concerns over the outlook of the upcoming monetary policies ahead of the
release of monthly jobs report also added to the losses.
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