Global Indices
Global Indices 05-Feb Prev_Day Abs. Change
Dow Jones 24,346 25,521 -1,175 -4.60
Nasdaq 6,968 7,241 -273 -3.78
FTSE 7,335 7,443 -108 -1.46
Nikkei 22,682 23,275 -592 -2.55
Hang Seng 32,245 32,602 -357 -1.09
Indian Indices 05-Feb Prev_Day Abs. Change
S&P BSE Sensex 34,757 35,067 -310 -0.88
Nifty 50 10,667 10,761 -94 -0.87
Nifty 100 11,024 11,111 -87 -0.79
Nifty Bank 26,099 26,451 -352 -1.33
SGX Nifty 10,663 Closed NA NA
S&P BSE Power 2,244 2,229 15 0.68
S&P BSE Small Cap 17,782 17,848 -66 -0.37
S&P BSE HC 14,075 14,068 7 0.05
Date P/E Div. Yield P/E Div. Yield
5-Feb 24.51 1.12 25.78 1.06
Month Ago 25.40 1.12 26.99 1.07
Year Ago 21.98 1.43 23.29 1.26
Nifty 50 Top 3 Gainers
Company 05-Feb Prev_Day
Bharti Airtel 440 422 4.23
Tata Motors 396 384 3.14
HPCL 384 375 2.50
Nifty 50 Top 3 Losers Domestic News
Company 05-Feb Prev_Day
HDFC Ltd. 1823 1904 -4.23
L&T Ltd. 1364 1415 -3.66
IndusInd Bank 1713 1761 -2.74
Advance Decline Ratio
BSE NSE
Advances 1027 684
Declines 1753 1160
Unchanged 196 49
Institutional Flows (Equity)
Description (Cr)
FII Flows* 15972
MF Flows** 7386
*5
th
Feb 2018; **30
th
Jan 2018
Economic Indicator
YoY(%) Current Year Ago
WPI
Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI
from 2010 to 2012
• The Nikkei India Services Purchasing Managers’ Index (PMI) Business
Activity Index rose to 51.7 in Jan 2018 from 50.9 in Dec 2017. This marked
the fastest growth in a three-month period. The upside was driven by a
renewed increase in new business. However, though growth rates for
activity and employment accelerated since Dec, it remained weaker than
their respective long-run survey averages. Meanwhile, the Nikkei India
composite PMI output index fell to 52.5 in Jan from 53.0 in Dec.
• The government announced that the proposed long-term capital gains
tax on equity holdings will apply on profits made from sale of shares on or
after Apr 1, 2018. However, it stated that the acquisition cost for the
purpose of computing the capital gains will be the higher of the actual
purchase price or the maximum traded price on Jan 31, 2018.
• Government has granted infrastructure status to affordable housing.
This would allow these projects to avail benefits such as lower borrowing
rates, tax concessions and increased flow of foreign and private capital.
The government has made several efforts to create enabling environment
and ecosystem to promote affordable housing. This announcement comes
as a part of such effort. Also, announcements were made related to
affordable housing such as profit-linked income tax deduction, relaxations
on tax for vacant or unsold units for one year, counting of the carpet area
instead of the built-up area of 30 and 60 square meters.
• Tata Motors posted net profit of Rs. 12 billion for the quarter ended Dec
31, 2017, as against Rs. 937.7 million in the year-ago period. This marked
a 13-fold rise in quarterly profit driven by higher sales from its Jaguar Land
Rover business. Meanwhile, consolidated revenue grew 16.1% YoY to Rs.
741.56 billion during the quarter.
• Suzuki Motor Corp reported surge in operating profit by 68% in the
quarter ended Dec 2017 due to ongoing growth in automobile and
motorcycle sales in India, Europe and Japan.
• Indian equity markets slumped amid concerns over inflationary
pressure, which may prompt the Monetary Policy Committee to raise
interest rates soon. Investors were worried about the finance minister’s
statement in the Union Budget FY19 regarding increase of government
spending for rural areas and support to farmers, while slowing the pace of
fiscal consolidation. A cautious stance by the Reserve Bank of India would
further increase the probability of interest rate increases in the coming
fiscal year.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.88% and
0.87% to close at 34,757.16 and 10,666.55, respectively. Meanwhile, S&P
BSE Mid-Cap and S&P BSE Small-Cap slipped 0.09% and 0.37%,
respectively.
• On the BSE sectoral front, majority of the indices closed in the red. S&P
BSE Capital Goods was the major loser, down 2.65%, followed by S&P BSE
Finance and S&P BSE Bankex, which fell 1.53% and 1.11%, respectively.
S&P BSE Basic Materials and S&P BSE Industrials fell 1.01% and 0.59%,
respectively. Meanwhile, S&P BSE Telecom was the top gainer, up 1.68%,
followed by S&P BSE Auto and S&P BSE Power, which rose 0.73% and
0.68%, respectively.
• Asian markets traded low following loss in the U.S. markets over the
weekend. Additionally, strong jobs data in the U.S. exaggerated rate-hike
concerns after non-farm payroll employment increased. However,
downside was limited as China's private sector activity expanded at the
fastest pace in seven years in Jan 2018 and Japan's service sector activity
expanded at a slightly faster pace in Jan. Today (As of Feb 6), Asian
markets opened lower following losses in the Wall Street amid a stronger
than expected jobs report that sent interest rates higher. Both Nikkei and
Hang Seng were trading down 5.41% and 3.91% (as at 8.a.m. IST).
• As per the last close, European market ended lower as losses extended
due to concerns of rate hike by the U.S. Federal Reserve after release of
upbeat U.S. jobs data.
• As per the last close, U.S markets plunged as investors continued to
react negatively over concern about higher interest rates after the Labor
Department released a report showing stronger than expected job growth
and a jump in wages in Jan 2018.