Global Indices
Global Indices 06-Feb Prev_Day Abs. Change
Dow Jones 24,913 24,346 567 2.33
Nasdaq 7,116 6,968 148 2.13
FTSE 7,141 7,335 -194 -2.64
Nikkei 21,610 22,682 -1,072 -4.73
Hang Seng 30,595 32,245 -1,650 -5.12
Indian Indices 06-Feb Prev_Day Abs. Change
S&P BSE Sensex 34,196 34,757 -561 -1.61
Nifty 50 10,498 10,667 -168 -1.58
Nifty 100 10,852 11,024 -172 -1.56
Nifty Bank 25,811 26,099 -287 -1.10
SGX Nifty 10,486 10,663 -177 -1.66
S&P BSE Power 2,209 2,244 -35 -1.58
S&P BSE Small Cap 17,392 17,782 -390 -2.19
S&P BSE HC 13,789 14,075 -286 -2.03
Date P/E Div. Yield P/E Div. Yield
6-Feb 24.09 1.14 25.37 1.08
Month Ago 25.40 1.12 26.99 1.07
Year Ago 22.09 1.43 23.43 1.25
Nifty 50 Top 3 Gainers
Company 06-Feb Prev_Day
Bajaj Finance Limited 1662 1605 3.56
ICICI Bank 331 330 0.30
Indiabulls HFC 1295 1292 0.19
Nifty 50 Top 3 Losers Domestic News
Company 06-Feb Prev_Day
Lupin 801 849 -5.68
Tata Motors 375 396 -5.14
HCL Tech 954 993 -3.96
Advance Decline Ratio
BSE NSE
Advances 498 303
Declines 2262 1540
Unchanged 141 38
Institutional Flows (Equity)
Description (Cr)
FII Flows* 14889
MF Flows** 7802
*6
th
Feb 2018; **2
nd
Feb 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 Securities and Exchange Board of India (SEBI) has asked fund houses
to prominently disclose the total expense ratio (TER), on daily basis, for all
schemes under a separate head, "Total Expense ratio", on their website.
The disclosure will increase transparency in mutual fund schemes and
make them more investor-friendly.
• According to the finance secretary, the government will bring down its
corporate income tax rate, once the personal income tax collections grow
up. The finance secretary has added that in most of the other countries,
personal income tax is much higher compared to corporate income tax
but in India it is much lower and needs to go up. Once it will go up, the
government will have more scope for reduction in corporate tax.
• The government has budgeted for Rs. 900 billion to be paid as
compensation to states towards losses because of Goods and Services Tax
(GST) in FY19, up 47% from Rs. 613 billion it plans to distribute in FY18. As
a percentage of total 2018-19 Budget size of Rs. 24.4 trillion, GST
compensation to states come to 3.6%. According to the medium-term
fiscal policy statement, the Centre also projected compensation cess
outlay of Rs. 900 billion each for 2019-20 and 2020-21. However, these
are provisional projections and will be subject to change in future
Budgets.
• The minister of state for finance stated that the government has cleared
foreign direct investment (FDI) proposals worth Rs. 11,703 crore during
the period Apr 2017-Dec 31, 2017. With this, the government has cleared
67 FDI proposals over the nine months period.
• Lupin reported 65% decline in net profit to Rs. 2.22 billion and net sales
fell 11.5% to Rs. 39 billion in the quarter ended Dec 2017. The significant
decline in profit was due to lower sales in North America and foreign
exchange losses.
• PNB has posted increase in net profit by 11.06% at Rs. 2.3 billion in the
quarter ended Dec 2017. The increase in profit was due to growth in other
income & operating income. However, it was capped by higher provisions.
• Indian equity markets slumped following weak cues from Wall Street
overnight. The major U.S. market indices witnessed highest single-day loss
in multiple years amid lingering concerns over U.S. government
shutdown. The Congress is expected to pass a spending bill by Feb 8, else
the U.S. government will shut down again. A sharp rise in U.S. bond yields,
because of concern over a possible increase in inflation and speculation
over U.S. interest rates hike, also dampened the risk sentiment of
investors. Back home, caution ahead of the Monetary Policy Committee’s
meeting, scheduled later during the week, prevented market participants
from taking riskier bets.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 1.61% and
1.58% to close at 34,195.94 and 10,498.25, respectively. Additionally, S&P
BSE Mid-Cap and S&P BSE Small-Cap slumped 1.68% and 2.19%,
respectively.
• On the BSE sectoral front, all the indices closed in the red. S&P BSE IT
was the major loser, down 2.80%, followed by S&P BSE Consumer
Durables and S&P BSE Teck, which fell 2.68% and 2.51%, respectively. S&P
BSE Realty and S&P BSE Industrials fell 2.08% and 2.07%, respectively.
• Asian markets moved down after overnight U.S. market plunged heavily
on concerns over potential rise in interest rates in the U.S. Worries over
tighter monetary policy stance by global central banks, fall in crude oil
prices and stronger yen further dented sentiment. Today (As of Feb 7),
Asian markets opened higher as risk sentiments improved after Wall
Street closed in green. Both Nikkei and Hang Seng were trading up 3.09%
and 2.53% (as at 8.a.m. IST).
• As per the last close, European market ended lower as losses extended
amid global weakness. Rising bond yields, concerns over rising inflation
and higher interest rates continued to weigh oh investor’s sentiments.
• As per the last close, U.S markets ended higher as investors resorted to
value buying after witnessing heavy downfall in the previous few sessions
amid concerns of rate hike by the U.S. Federal Reserve after release of
upbeat U.S. jobs data.