Global Indices
Global Indices 17-Nov Prev_Day Abs. Change
% Change
Russell 3000 2,272 2,272 0 0.00
Nasdaq 14,125 14,114 12 0.08
FTSE 7,504 7,411 93 1.26
Nikkei 33,585 33,424 161 0.48
Hang Seng 17,454 17,833 -379 -2.12
Indian Indices 17-Nov Prev_Day Abs. Change
% Change
S&P BSE Sensex 65,795 65,982 -188 -0.28
Nifty 50 19,732 19,765 -33 -0.17
Nifty 100 19,773 19,786 -12 -0.06
Nifty 500 17,601 17,593 7 0.04
Nifty Bank 43,584 44,162 -578 -1.31
S&P BSE Power 4,662 4,650 11 0.24
S&P BSE Small Cap 39,599 39,456 143 0.36
S&P BSE HC 29,492 29,234 257 0.88
Date P/E Div. Yield P/E Div. Yield
17-Nov 23.29 1.21 21.10 1.34
Month Ago 24.32 1.23 22.38 1.35
Year Ago 23.22 1.17 21.83 1.30
Nifty 50 Top 3 Gainers
Company 17-Nov Prev_Day
% Change
SBI Life Insurance Company Limited
1414 1360 3.97
HDFC Standard Life Insurance Company Limited
652 635 2.65
L&T Ltd. 3109 3051 1.90
Nifty 50 Top 3 Losers Domestic News
Company 17-Nov Prev_Day
% Change
SBI 563 585 -3.69
Axis Bank 994 1026 -3.12
ONGC 196 202 -2.70
Advance Decline Ratio
BSE NSE
Advances 1926 1257
Declines 1813 1199
Unchanged 125 71
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 82601
MF Flows** 136799
*17
th
Nov 2023; **9
th
Nov 2023
Economic Indicator
YoY(%) Current Year Ago
CPI
4.87%
(Oct-23)
6.77%
(Oct-22)
IIP
5.80%
(Sep-23)
3.30%
(Sep-22)
GDP
7.80%
(Jun-23)
13.10%
(Jun-22)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
20 November 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
4.00%
(Jun-23)
6.10%
(Mar-23)
Quarter Ago
Inflow/Outflow
493
1325
7.44%
(Jul-23)
• Indian equity markets settled lower as key benchmark indices were dragged
down by banking sector. Banking stocks witnessed selling pressure amid
concerns over the sector's loan growth and profitability after the RBI
tightened regulations for personal loans and credit cards. However, broader
markets outperformed the benchmark indices following strong domestic
macroeconomic data.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.28% and 0.17%
to close at 65,794.73 and 19,731.80 respectively.
• The overall market breadth on BSE was strong with 1,926 scrips advancing
and 1,813 scrips declining. A total of 125 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Capital Goods was the major gainer, up
1.29% followed by S&P BSE Industrials, up 1.17% and S&P BSE Healthcare,
up 0.88%. S&P BSE Bankex was the major loser, down 1.48% followed by
S&P BSE Oil & Gas, down 1.35% and S&P BSE Energy, down 0.97%.
• As per the RBI's data, outward remittances under the Liberalised
Remittance Scheme (LRS) increased by 26.09% to $9.23 billion in the Q2 of
FY24 from $7.32 billion in Q2 FY23. The surge in outward remittances is
likely due to the change in the LRS tax scheme which has resulted in a sharp
increase in equity and debt investment along with the purchase of
immovable property by around 90% & 57% respectively in the same period.
• According to the Solvent Extractors' Association of India, shipments of
rapeseed and soyabean meal increased last month, causing oilmeals exports
to increase 36% to almost 2.9 lakh tonnes.
• The chairperson of SEBI stated that it will relax the delisting rules at its
next board meeting to assist promoters if they decide to take their business
private. The current delisting framework, known as the reverse book
building process, is thought to be biased in favor of minority shareholders
and has prevented Indian entities from taking their company off the stock
exchanges on multiple occasions.
• The RBI allowed banks to open special rupee vostro accounts in addition to
additional current accounts for export proceeds. The RBI decided in Jul
2022 to permit the settlement of India's international trade in rupees in
order to give exporters more operational flexibility, given the growing
interest in Indian rupees by the international trading community.
• JSW Infra announced that it has been selected as the successful bidder for
the Public-Private Partnership (PPP) to develop an all-weather, deepwater,
greenfield port at Keni, Karnataka. JSW Infrastructure has been granted the
LoA by the Karnataka Maritime Board, which is part of the Karnataka
government. The project has an initial capacity of 30 million tonnes per
annum (MTPA) and an estimated cost of Rs 4,119 crore, according to the
request for proposal (RFP) document.
• TVS Motors signed a deal with Emil Frey to import and distribute two-
wheelers as a way to announce its entry into the European market.
• Asian markets closed on a mixed note as the falling cost of crude
heightened worries about the state of the world economy and weaker U.S.
data. Most markets began to decline following a midweek surge spurred by
expectations of a reduction in U.S. inflation. Meanwhile, investors also
absorbed the high-level talks between China and the United States. Today
(as on November 20), Asian markets opened on higher as The People’s Bank
of China keep their benchmark lending rates unchanged. While Nikkei fell
0.13%, Hang Seng fell 0.79% (as at 8 a.m. IST).
• European equity markets closed higher as investors expecting that all major
central banks will keep the upcoming interest rate unchanged. Investors
also reacted to the decline in U.K. retail sales data for October because of
rising interest rates.
• US equity markets rose marginally as investors reacted to the outlook for
the upcoming interest rate as the latest data has shown signs of easing
inflation.
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