Global Indices
Global Indices 11-Dec Prev_Day Abs. Change
Dow Jones 24,370 24,423 -53 -0.22
Nasdaq 7,032 7,021 11 0.16
FTSE 6,807 6,722 85 1.27
Nikkei 21,148 21,220 -71 -0.34
Hang Seng 25,772 25,752 19 0.07
Indian Indices 11-Dec Prev_Day Abs. Change
S&P BSE Sensex 35,150 34,960 190 0.54
Nifty 50 10,549 10,488 61 0.58
Nifty 100 10,762 10,686 76 0.71
Nifty Bank 26,163 26,103 61 0.23
SGX Nifty 10,636 10,402 234 2.24
S&P BSE Power 1,879 1,863 17 0.90
S&P BSE Small Cap 14,059 13,846 213 1.54
S&P BSE HC 13,705 13,445 260 1.93
Date P/E Div. Yield P/E Div. Yield
11-Dec 22.83 1.25 25.52 1.26
Month Ago 22.84 1.26 25.46 1.25
Year Ago 24.73 1.16 26.43 1.10
Nifty 50 Top 3 Gainers
Company 11-Dec Prev_Day
Yes Bank 178 166 7.36
Sun Pharma 422 399 5.84
Asian Paints 1324 1274 3.88
Nifty 50 Top 3 Losers Domestic News
Company 11-Dec Prev_Day
HPCL 220 227 -2.91
Indian Oil 132 134 -1.79
Bharti Airtel 290 295 -1.59
Advance Decline Ratio
BSE NSE
Advances 1611 1230
Declines 811 519
Unchanged 132 96
Institutional Flows (Equity)
Description (Cr)
FII Flows* -29614
MF Flows** 116542
*11
th
Dec 2018; **10
th
Dec 2018
Economic Indicator
YoY(%) Current Year Ago
CPI
Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI
from 2010 to 2012
• According to data released by Society of Indian Automobile
Manufacturers (SIAM), passenger vehicle sales fell 3.43% to 2,66,000 units
in Nov 2018 as against 2,75,440 units in the year-ago month. It was fourth
monthly decline since Jul 2018 as spike in interest rates and high fuel
prices decreased consumer demand. However, two-wheeler sales rose
7.15% YoY to 16,45,791 units from 15,36,015 units from Nov 2017. Also,
vehicle sales across categories registered a rise of 5.03% to 20,38,015
units in Nov 2018 from 19,40,462 units in Nov 2017.
• A major credit rating agency has assigned negative outlook to the
domestic airline industry as increased passenger demand is offset by
capacity additions that may leading to intense competition and continued
pressure on yields. However, the domestic passenger traffic growth is
expected to remain healthy at around 15% -16% in the medium term due
to low penetration levels, favourable macro environment, regulatory push
towards regional connectivity and development of new airports.
• As per media reports, Securities Exchange Board of India (SEBI) may
consider strengthening the framework for debenture trustees by raising
minimum net worth requirement for registration of such entities and
introducing e-voting provision to obtain approval of the unitholders. This
may be done to safeguard the interests of debenture holders and to
enable debenture trustees to perform their duties effectively and
promptly in the interests of investors.
• The department of industrial policy and promotion (DIPP) has floated a
draft rule to amend the Patents Rules, 2003, in order to further streamline
examination of applications. As per the draft rules, removal of the
transmittal fee for international application (for e-patent cooperation
treaty filing) for startups and small entities is suggested. The move is
important as the ministry is taking steps to fast track examination of
patent applications particularly for startups.
• Indian equity markets witnessed a volatile session and managed to end
in the green. Initially, bourses declined reacting to Reserve Bank of India
governor’s resignation the previous day. Throughout the day, assembly
election results dictated market movement. In the end, losses were
recovered as the ruling party’s performance was not as bad as was being
feared by investors.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.54% and
0.58% to close at 35,150.01 and 10,549.15, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap increased 1.54% each.
• The overall market breadth on BSE was strong with 1611 scrips
advancing and 811 scrips declining. A total of 132 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Durables was the major gainer, up
2.6%, followed by S&P BSE Healthcare and S&P BSE Consumer
Discretionary Goods & Services, up 1.93% and 1.7%, respectively. S&P BSE
Fast Moving Consumer Goods and S&P BSE Basic Materials gained 1.41%
and 1.23%, respectively. The only sector to lose was S&P BSE Oil & Gas,
down 0.21%.
• Asian equity markets witnessed volatility and ended mixed after
overnight U.S. bourses recovered from steep losses. Investors remained
cautious over U.S.-China trade tensions, falling oil prices and U.K. Prime
Minister postponing a Parliamentary vote on Brexit. Today (as of Dec 12),
Asian markets opened higher following news reports that China is moving
toward cutting tariffs on cars made in the U.S. to 15% from the current
40%. Both Nikkei and Hangseng were trading up 1.68% and 1.35%,
respectively (as at 8.a.m. IST).
• As per the last close, European markets closed higher following upbeat
Germany investor confidence index in Dec 2018 and renewed optimism
about the trade talks between the U.S. and China.
• As per the last close, U.S. markets was trading high initially following
renewed optimism about the trade talks between the U.S. and China.
However, the trend reversed, and indices closed mostly lower after the
Washington Post reported that the U.S. will condemn China over hacking
and economic espionage, increasing tension between the two countries
once again.