Global Indices
Global Indices 16-Mar Prev_Day Abs. Change
% Change
Russell 3000 1,870 1,829 41 2.23
Nasdaq 11,717 11,434 283 2.48
FTSE 7,410 7,344 66 0.89
Nikkei 27,011 27,229 -219 -0.80
Hang Seng 19,204 19,540 -336 -1.72
Indian Indices 16-Mar Prev_Day Abs. Change
% Change
S&P BSE Sensex 57,635 57,556 79 0.14
Nifty 50 16,986 16,972 13 0.08
Nifty 100 16,852 16,825 27 0.16
Nifty 500 14,330 14,320 10 0.07
Nifty Bank 39,133 39,052 81 0.21
S&P BSE Power 3,627 3,587 40 1.13
S&P BSE Small Cap 26,981 27,169 -188 -0.69
S&P BSE HC 21,624 21,531 93 0.43
Date P/E Div. Yield P/E Div. Yield
16-Mar 21.77 1.27 20.01 1.47
Month Ago 23.35 1.18 21.26 1.38
Year Ago 25.05 0.98 21.82 1.22
Nifty 50 Top 3 Gainers
Company 16-Mar Prev_Day
% Change
BPCL 351 330 6.24
Nestle India Limited 18451 17993 2.54
Asian Paints 2893 2827 2.33
Nifty 50 Top 3 Losers Domestic News
Company 16-Mar Prev_Day
% Change
Hindalco 385 406 -5.22
IndusInd Bank 1018 1044 -2.54
JSW Steel 662 680 -2.54
Advance Decline Ratio
BSE NSE
Advances 1268 871
Declines 2252 1401
Unchanged 120 80
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -22818
MF Flows** 38650
*16
th
Mar 2023; **10
th
Mar 2023
Economic Indicator
YoY(%) Current Year Ago
CPI
6.44%
(Feb-23)
6.07%
(Feb-22)
IIP
5.20%
(Jan-23)
2.00%
(Jan-22)
GDP
4.40%
(Dec-22)
5.20%
(Dec-21)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
17 March 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
-4.10%
(Oct-22)
6.30%
(Sep-22)
Quarter Ago
Inflow/Outflow
352
-1247
5.88%
(Nov-22)
• Indian equity markets break a five-day losing streak and closed with marginal
gains lead by strong buying in power, oil and gas stocks. Investors remained
hopeful ahead of the monetary policy outlook that the U.S. Federal Reserve
will reduce the pace of monetary policy tightening. Further, investors also
opted for bargain hunting after the recent weakness in the market, which
also added to the gains.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.14% and
0.08% to close at 57,634.84 and 16,985.60 respectively.
• The overall market breadth on BSE was weak with 1,268 scrips advancing
and 2,252 scrips declining. A total of 120 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Utilities was the major gainer, up 1.2%
followed by S&P BSE Power, up 1.13% and S&P BSE Oil & Gas, up 1.08%. S&P
BSE Metal was the major loser, down 2.69% followed by S&P BSE
Commodities, down 0.91% and S&P BSE IT, down 0.73%.
• An agreement between the RBI and the central bank of the UAE aims to
improve collaboration in a number of areas, including looking into the
interoperability of central bank digital currencies (CBDC). In accordance with
the MoU (memorandum of understanding), the two central banks will work
together on a number of cutting-edge FinTech projects, particularly those
involving Central Bank Digital Currencies (CBDCs) and will investigate the
interoperability of the CBDCs of CBUAE and RBI.
• A credit rating agency estimates that India's growth rate will be 6% this
fiscal year, a 100-basis point slower rate than the likely 7% growth in real
gross domestic product. This is due to challenging global macroeconomic
climate.
• The Defence Acquisition Council has authorized the purchase of
indigenously produced military hardware totaling Rs. 70,584 crores as part
of a mega procurement plan to significantly increase domestic defence
manufacturing. The total amount approved for capital acquisitions in the
FY22-23 is currently Rs. 2,71,538 crores, with 98.9% of that fund coming
from Indian industries.
• Petronas has made an offer of $460 million to purchase a 20% stake in the
green energy unit of NTPC in the first agreement of its kind by a state-run
company. It was the first time a state-run business in India gave a stake in a
renewable energy division.
• Zee Entertainment Enterprises Ltd. has committed to pay back debts of $10
million owed to IndusInd Bank Ltd. as it steps to cease insolvency
proceedings brought against it. It also moves closer to completing a merger
with a Sony Group unit to establish a $10 billion media giant.
• Asian markets fell as uncertainties about the state of the global banking
system rose. Investors were also concern following European Central Bank
meeting due after market hours. Today (as on Mar 17), Asian markets
opened higher tracking rise on the Wall Street overnight. Both Nikkei and
Hang Seng index rose 0.34% and 1.23% (as at 8 a.m. IST), respectively.
• European markets rose led by recovery in the banking sector even after the
European Central Bank raised interest rates by 50 bps.
• U.S. market went up following a media report indicating that few large U.S.
banks are discussing a potential deal with First Republic Bank. Deal could
include a sizable capital infusion to shore up the stressed lender.
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