Global Indices
Global Indices 14-Sep Prev_Day Abs. Change
% Change
Russell 3000 2,224 2,209 15 0.66
Nasdaq 13,926 13,814 112 0.81
FTSE 7,673 7,526 147 1.95
Nikkei 33,168 32,707 462 1.41
Hang Seng 18,048 18,009 39 0.21
Indian Indices 14-Sep Prev_Day Abs. Change
% Change
S&P BSE Sensex 67,519 67,467 52 0.08
Nifty 50 20,103 20,070 33 0.16
Nifty 100 20,025 19,978 47 0.24
Nifty 500 17,604 17,527 77 0.44
Nifty Bank 46,001 45,909 91 0.20
S&P BSE Power 4,646 4,607 38 0.83
S&P BSE Small Cap 37,726 37,297 430 1.15
S&P BSE HC 28,577 28,434 143 0.50
Date P/E Div. Yield P/E Div. Yield
14-Sep 24.55 1.21 22.71 1.34
Month Ago 23.84 1.24 22.64 1.39
Year Ago 23.38 1.19 21.49 1.34
Nifty 50 Top 3 Gainers
Company 14-Sep Prev_Day
% Change
United Phos 632 608 3.86
Hindalco 497 483 2.93
ONGC 188 184 2.18
Nifty 50 Top 3 Losers Domestic News
Company 14-Sep Prev_Day
% Change
Asian Paints 3240 3278 -1.14
ITC 450 454 -0.78
Coal India 278 280 -0.75
Advance Decline Ratio
BSE NSE
Advances 2387 1677
Declines 1275 700
Unchanged 142 77
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 115026
MF Flows** 81447
*14
th
Sep 2023; **23
rd
Aug 2023
Economic Indicator
YoY(%) Current Year Ago
CPI
6.83%
(Aug-23)
7.00%
(Aug-22)
IIP
5.70%
(Jul-23)
2.20%
(Jul-22)
GDP
7.80%
(Jun-23)
13.10%
(Jun-22)
[1]
As on 13 Sep, 2023
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
15 September 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
4.60%
(Apr-23)
6.10%
(Mar-23)
Quarter Ago
Inflow/Outflow
441
-2293
4.31%
(May-23)
• Indian equity markets erased the gains accumulated in the early trading
hours and settled with marginal gains. Strong buying in mid cap stocks
helped to boost the market sentiments. Additionally, wholesale price index
declined for the fifth successive month in August which also added to the
gains. However, rise of oil prices in the global markets restricted the upside
of the benchmark indices.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.08% and
0.16% to close at 67,519.00 and 20,103.10 respectively.
• The overall market breadth on BSE was strong with 2,387 scrips advancing
and 1,275 scrips declining. A total of 142 scrips remained unchanged.
• On the BSE sectoral front, all sectors gained. S&P BSE Realty was the major
gainer, up 1.47%, followed by S&P BSE Oil & Gas and S&P BSE Metal, up
1.4% and 1.39%, respectively. S&P BSE Commodities and S&P BSE Auto
gained 1.09% and 0.94% respectively.
• India's wholesale price index (WPI) based inflation remains in the negative
territory for the fifth month in a row at -0.52% in Aug 2023 as compared to
-1.36% in Jul 2023 and -4.18% in Jun 2023. The negative rate of inflation is
primarily due to fall in prices of mineral oils, basic metals, chemical &
chemical products, textiles and food products as compared to the
corresponding month of previous year.
• A major global rating agency retained India's growth forecast for the
current fiscal at 6.3% and 6.5% for next fiscal year. Accordingly, despite a
stricter monetary policy and a drop in exports, the Indian economy is still
demonstrating resilience, with growth exceeding other nations in the
region. However, the possibility of El Nino has increased year-end inflation
projections.
• According to media report, India's imports of Chinese solar modules fell
dramatically year over year, from 9.8 GW in the first half of 2022 to just 2.3
GW in the same time period in 2023. This strategic shift and the application
of tariffs highlight India's resolve to reduce its reliance on imports and give
priority to the expansion of its indigenous manufacturing capability.
• According to the Economic Affairs Secretary, India's market borrowing may
be lower than anticipated as small savings exceed expectations. Gross
market borrowing of India is anticipated to total Rs. 15.43 trillion for FY24,
with 26% of that amount coming from the National Small Savings Fund,
according to estimates. Any additional small savings earnings provide the
government the option to change the amount it borrows from other
sources to cover its fiscal deficit.
• Grasim Industries, the flagship company of the Aditya Birla Group,
announced that the eagerly anticipated paints company, to be known as
Birla Opus, will debut in the fiscal fourth quarter.
• Asian markets rose after a much-anticipated report on U.S. inflation did
little to change market perceptions on the trajectory of rate hikes.
Meanwhile, investors are waiting for the European Central Bank meeting
later in the market hours. Today (as on September 15), Asian markets
opened higher ahead of important economic data from China that may
provide hints about the future direction of the second-largest economy in
the world. Both Nikkei and Hang Seng rose by 1.30% and 1.39% (as at 8
a.m. IST).
• European markets mostly rose after the European Central Bank (ECB)
declared the end of its rate-hike campaign after increasing interest rates
once more. Further, the most recent economic data from China, the U.S.,
and Europe were also examined by investors.
• U.S. markets rose after investors responded favorably to a number of U.S.
economic data, including data from the Commerce Department indicating
that retail sales in the U.S. grew significantly more than anticipated in Aug
2023.
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