Global Indices
Global Indices 19-Feb Prev_Day Abs. Change
Dow Jones 25,891 Closed NA NA
Nasdaq 7,487 Closed NA NA
FTSE 7,179 7,219 -40 -0.56
Nikkei 21,303 21,282 21 0.10
Hang Seng 28,228 28,347 -119 -0.42
Indian Indices 19-Feb Prev_Day Abs. Change
S&P BSE Sensex 35,353 35,498 -146 -0.41
Nifty 50 10,604 10,641 -37 -0.34
Nifty 100 10,731 10,761 -30 -0.28
Nifty Bank 26,685 26,654 31 0.11
SGX Nifty 10,612 10,667 -56 -0.52
S&P BSE Power 1,760 1,771 -10 -0.57
S&P BSE Small Cap 13,162 13,119 43 0.33
S&P BSE HC 13,314 13,334 -19 -0.14
Date P/E Div. Yield P/E Div. Yield
19-Feb 22.56 1.22 26.23 1.27
Month Ago 23.96 1.16 26.19 1.24
Year Ago 23.60 1.16 25.14 1.09
Nifty 50 Top 3 Gainers
Company 19-Feb Prev_Day
Vedanta Limited 153 148 3.45
Grasim Indus 718 700 2.64
BPCL 335 328 2.29
Nifty 50 Top 3 Losers Domestic News
Company 19-Feb Prev_Day
TCS 1905 1970 -3.32
Wipro 363 376 -3.23
NTPC 134 137 -2.73
Advance Decline Ratio
BSE NSE
Advances 1356 1024
Declines 1185 753
Unchanged 132 101
Institutional Flows (Equity)
Description (Cr)
FII Flows* -1610
MF Flows** 11857
*18
th
Feb 2019; **15
th
Feb 2019
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 media reports, the proposed merger of three state run
general insurance firms will take place in the next fiscal. The government
is of the view that it will be able to ring down the losses by setting up a
combined entity. The government has asked the three state run general
insurance firms to make their operations more efficient while keeping
costs low.
• According to media reports, the government has eased angel tax norms
for start up companies. The government has increased the investment
limit to Rs. 25 crore for availing income tax concessions by start up entities
from the present limit of Rs. 10 crore. In addition, the government has
also broadened the definition of a start up entity. According to the new
norm, an entity will be considered as a start up entity when has been
operating for a time period of ten years from its date of incorporation or
registration, instead of the current seven years. Furthermore, an entity
will be treated as a start up entity if its turnover for any of the financial
years since incorporation and registration has not exceeded Rs 100 crore
from the present limit of Rs. 25 crore. The move is of significant
importance given the fact that many start up entities has expressed
concerns regarding the fact that they were given angel tax notices which
had adversely impacted their business.
• According to media reports, Aditya Birla Group firm Grasim Industries
entered into an agreement to acquire chlor-alkali business of KPR
Industries for a cash consideration of Rs. 253 crore.
• According to media reports, Mahanagar Telephone Nigam (MTNL) has
come up with a plan and has submitted the same to to ensure its survival.
The plan includes converting its loans into sovereign guarantee, giving up
3G spectrum, revision of employees’ pay, and introducing a voluntary
retirement scheme.
• According to media reports, Ambuja Cement witnessed a nearly
threefold increase in consolidated net profit to Rs. 1,377.88 crore for the
quarter ended Dec 18 compared to a consolidated net profit of Rs. 478.39
crore in the same period of the previous year.
• Asian equity markets were mixed as U.S.-China relations once again
seemed to hit a rocky terrain. China blamed the U.S. of spreading
cybersecurity fears. Alongside all this, trade talks between the two
countries are continuing in Washington. Today (as of Feb 20), Asian
markets opened mostly higher following gains in the Wall street in the last
session. Nikkei and Hangseng rose 0.85% and 1.24%, respectively (as at
8.a.m. IST).
• As per the last close, European markets closed almost lower after China
reportedly accused U.S. of fueling cybersecurity fears, thereby aggravating
tensions between the two countries. Weak earnings results from some of
the major stocks also weighed on investor sentiment.
• As per the last close, U.S markets were closed almost higher after a
volatile session following the long holiday weekend. Strong U.S
homebuilder confidence data for Feb 2019 boosted the indices. However,
uncertainty about the potential for a trade deal between the U.S. and
China restricted the gains.
• Indian equity markets lost yet again as investors took to profit-booking
before the uncertainty around elections kicks in. The start was positive as
the Reserve Bank of India gave the government interim dividend.
However, markets could not hold on to the gains as investors booked
profit and global cues came in weak. U.S.-China relations again seemed to
sour after China blamed U.S. of spreading cyber security fears and
maligning its leading technology company.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.41% and
0.34%, respectively, to close at 35,352.61 and 10,604.35, respectively. S&P
BSE Mid-Cap and S&P BSE Small Cap gained 0.51% and 0.33%,
respectively.
• On the BSE sectoral front, S&P BSE Realty was the major gainer, up
1.66%, followed by S&P BSE Metal and S&P BSE Basic Materials, up 1.44%
and 1.01%, respectively. S&P BSE Telecom and S&P BSE Capital Goods
gained 0.91% and 0.69%, respectively. S&P BSE Information Technology
was the major loser, down 2.09%, followed by S&P BSE Teck and S&P BSE
Power, down 1.67% and 0.57%, respectively.