Global Indices
Global Indices 18-Jan Prev_Day Abs. Change
Dow Jones 26,018 26,116 -98 -0.37
Nasdaq 7,296 7,298 -2 -0.03
FTSE 7,701 7,725 -24 -0.32
Nikkei 23,763 23,868 -105 -0.44
Hang Seng 32,122 31,983 139 0.43
Indian Indices 18-Jan Prev_Day Abs. Change
S&P BSE Sensex 35,260 35,082 178 0.51
Nifty 50 10,817 10,789 28 0.26
Nifty 100 11,235 11,233 2 0.02
Nifty Bank 26,537 26,289 248 0.94
SGX Nifty 10,820 10,850 -30 -0.27
S&P BSE Power 2,352 2,395 -43 -1.80
S&P BSE Small Cap 19,286 19,688 -402 -2.04
S&P BSE HC 14,804 14,973 -169 -1.13
Date P/E Div. Yield P/E Div. Yield
18-Jan 25.90 1.09 27.25 1.05
Month Ago 24.75 1.15 26.60 1.09
Year Ago 21.30 1.43 22.39 1.31
Nifty 50 Top 3 Gainers
Company 18-Jan Prev_Day
Indiabulls HFC 1244 1209 2.84
ITC 273 266 2.76
United Phos 801 781 2.53
Nifty 50 Top 3 Losers Domestic News
Company 18-Jan Prev_Day
Bharti Infratel 344 366 -6.09
Adani Ports & SEZ 416 433 -3.96
Hindalco 254 263 -3.37
Advance Decline Ratio
BSE NSE
Advances 663 331
Declines 2301 1502
Unchanged 122 42
Institutional Flows (Equity)
Description (Cr)
FII Flows* 3851
MF Flows** 4588
*18
th
Jan 2018; **17
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 Goods and Services Tax (GST) council in its meeting put 29
handicraft items in 0% slab. GST rates have also been reduced on few
agricultural products and 53 categories of services. The new rates are
applicable from Jan 25, 2018. The council also decided that Rs. 35,000
crore of integrated GST will be provisionally divided between the central
government and the state government. The GST council also cut tax rate
on domestic LPG by private companies to 5% from 18% earlier. However,
decision on whether to include real estate and petroleum products
under GST have not been taken. This decision is expected to be taken in
the next meeting.
• According to the Power Minister, the government will set up a $350
million fund to finance solar projects. The objective of the move is to
achieve its ambitious target of adding 175 gigawatts (GW) in renewable
energy by 2022. The minister on a separate note added that the
government would be able to achieve its target of 175 GW of installed
renewable energy capacity well before 2020
• According to media reports, the government is considering permitting
100% foreign direct investment in private sector banks and 49% in state
run banks. The move if implemented, may pave the way for higher
foreign flows in the banking sector.
• The Insolvency and Bankruptcy Board of India (IBBI) came out with
stricter norms for insolvency professionals. According to the norms
mandated by the IBBI, insolvency professionals need to disclose their
relationship with all associated parties including the corporate borrower
and lenders within three days of appointment.
• According to media reports, UltraTech Cement Ltd posted a 23% drop
in third-quarter profit due to rising pet coke and coal prices. Profit fell to
Rs 4.56 billion ($71.4 million) for the quarter ended Dec 31, from Rs 5.95
billion a year ago.
• According to media reports, the net profit of India’s Hindustan Zinc fell
by nearly 4% to Rs. 22.30 billion in the quarter ended Dec 31, 2017 from
Rs. 23.20 billion in the same period of the previous year.
• Asian markets traded in mixed following diverse economic data from
China as Chinese GDP stood at 6.9% in 2017 marking the first expansion
in seven years, industrial output accelerated while retail sales data stood
lower than expected during Dec 2017. Meanwhile, positive cues from
overnight U.S. markets limited the downside. Today (As of Jan 19), Asian
markets opened mixed. Gains in auto and financial stocks boosted the
indices. However, softer lead from Wall Street in the last session capped
the gains. While Nikkei and grew 0.23%, Hang seng fell 0.18% (as at
8.a.m. IST).
• As per the last close, European market ended almost higher as mining
stocks gained amid strong Chinese GDP data for 2017. However, gained
were capped due to currency strength that continued to weigh on shares
of exporters.
• As per the last close, U.S. markets ended almost lower amid concerns
over potential government shutdown at the end of the week. Also, steep
drop in new residential construction in Dec 2017 and decline in initial
jobless claims for the week ended Jan 13, weighed on market sentiment.
• Indian equity markets extended the rally with buying interest seen in
banking stocks following reports of the government’s plan to increase in
foreign direct investment in banking sector. According to media reports,
the government is considering raising the foreign investment ceiling in
private banks to 100% and in public lenders to 49%.
• Key benchmark indices S&P BSE Sensex and Nifty 50 rose 0.51% and
0.26% to close at 35,260.29 and 10,817.00, respectively. Meanwhile,
broader indices bucked the trend with S&P BSE Mid-Cap and S&P BSE
Small-Cap falling by 1.69% and 2.04%, respectively.
• The market breadth on BSE was weak with 2,301 scrips declining and
663 advancing. A total of 122 scrips remained unchanged.
• On the BSE sectoral front, majority of the indices closed in the red. S&P
BSE Realty was the major loser, down 4.07%, followed by S&P BSE Metal
and S&P SBE Telecom, which slipped 2.87% and 2.63%, respectively. S&P
BSE Basic Materials and S&P BSE Utilities fell 2.12% and 1.98%,
respectively. Meanwhile, S&P BSE FMCG was the top gainer, up 0.74%,
followed by S&P BSE Bankex, S&P BSE Finance and S&P BSE IT, that rose
0.69%, 0.56% and 0.13%, respectively.