Global Indices
Global Indices 28-Jan Prev_Day Abs. Change
Dow Jones 24,528 24,737 -209 -0.84
Nasdaq 7,086 7,165 -79 -1.11
FTSE 6,747 6,809 -62 -0.91
Nikkei 20,649 20,774 -125 -0.60
Hang Seng 27,577 27,569 8 0.03
Indian Indices 28-Jan Prev_Day Abs. Change
S&P BSE Sensex 35,657 36,026 -369 -1.02
Nifty 50 10,662 10,781 -119 -1.10
Nifty 100 10,837 10,968 -132 -1.20
Nifty Bank 26,653 27,115 -462 -1.70
SGX Nifty 10,675 10,800 -125 -1.15
S&P BSE Power 1,857 1,883 -26 -1.38
S&P BSE Small Cap 13,722 14,000 -279 -1.99
S&P BSE HC 13,658 13,948 -290 -2.08
Date P/E Div. Yield P/E Div. Yield
28-Jan 23.30 1.18 25.85 1.27
Month Ago 23.69 1.16 26.16 1.24
Year Ago 26.24 1.08 27.61 1.02
Nifty 50 Top 3 Gainers
Company 28-Jan Prev_Day
Zee Ente. 373 318 17.24
Bharti Infratel 287 280 2.70
Coal India 225 221 1.92
Nifty 50 Top 3 Losers Domestic News
Company 28-Jan Prev_Day
Adani Ports & SEZ 326 374 -12.77
Indiabulls HFC 699 745 -6.07
Yes Bank 208 220 -5.51
Advance Decline Ratio
BSE NSE
Advances 552 352
Declines 2003 1481
Unchanged 160 71
Institutional Flows (Equity)
Description (Cr)
FII Flows* -4142
MF Flows** 6723
*28
th
Jan 2019; **25
th
Jan 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
• Indian equity markets started the week on a feeble note as investors
took stock of disappointing earnings by an auto major and braced
themselves for the upcoming budget. Markets are anticipating the
government could announce populist measures in the budget to appease
voters ahead of the elections. Fears are that such measures could put
undue pressure on the country’s fiscal deficit. Also, the non-banking
financial services sector’s exposure to the company that defaulted on its
debt payment in 2018 is still a cause of concern.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 1.02% and
1.10% to close at 35,656.70 and 10,661.55, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap lost 1.84% and 1.99%, respectively.
• The overall market breadth on BSE was weak with 552 scrips advancing
and 2003 scrips declining. A total of 160 scrips remained unchanged.
• On the BSE sectoral front, only two sectors gained. S&P BSE Teck was
the major gainer, up 0.8%, followed by S&P BSE Information Technology,
up 0.42%. S&P BSE Basic Materials was the major loser, down 2.09%.
• According to media reports, the government has empowered public-
sector banks (PSBs) to request lookout circulars (LOCs) against wilful
defaulters and fraudsters. This is being done to prevent big economic
offenders from escaping India. The Serious Fraud Investigation Office
(SFIO) has also been authorised to request LOCs if it feels the suspect
may flee from the country. Thus, CMDs and CEOs of PSBs can now ask
the Home Ministry, Ministry of External Affairs, Customs and Income Tax
Departments, Directorate of Revenue Intelligence, CBI, regional passport
officers and police to issue an LOC to alert immigration check posts to
stop a defaulter from leaving India, the report said.
• Central public sector enterprises (CPSEs) will implement the 10%
reservation quota announced recently for economically weaker sections
in all direct recruitment vacancies from Feb 1. There are 339 CPSEs
employing 10.88 lakh people, excluding casual and contractual workers,
in 2017-18 compared with 11.55 lakh in the previous fiscal. An order
regarding the implementation of the reservation was issued by the
Department of Public Sector Enterprises.
• Media reports suggest tax officials could examine the high usage of
input tax credit (ITC) to set off tax liability by businesses. This is being
done as authorities are concerned over a decline in GST revenues. The
issue of high ITC was raised at the meeting of the Group of Ministers,
which was set up by the GST Council to look into the reasons for revenue
shortfall.
• The Reserve Bank of India governor will meet Singapore and Hong
Kong’s top global funds in the coming week to discuss investments. The
aim is to increase foreign fund inflows, media reports said. There could
be have 40-50 participants and it will be a closed-door meeting, which
probably the first of its kind, said the report. The governor will try and
understand what stops global investors from bringing in long-term
money into India. There are expectations that RBI could ease investment
rules for foreign portfolio investors.
• Asian equity markets ended subdued after the U.S. President agreed to
only a temporary halt to the 35-day government shutdown. He could not
get his way to the $5.7 billion from Congress for the planned border wall.
Investors looked forward to the next round of U.S.-China trade talks and
the Brexit debate. Also, the Federal Open Market Committee's two-day
meeting starts on Jan 29, 2019, and expectations are that the U.S. Fed
will take a dovish stance. Today (as of Jan 29), Asian markets opened
lower amid fresh concerns over a slowing Chinese economy and
renewed trade tensions between the U.S. and China. Both Nikkei and
Hangseng were trading down 0.93% and 0.65%, respectively (as at 8.a.m.
IST).
• As per the last close, European markets closed lower following Brexit
concerns and ahead of new trade talks between the U.S. and China.
Losses in the Wall Street further led to decline in European market.
• As per the last close, U.S markets closed lower after weaker than
expected quarterly earnings and guidance from an industrial giant and
big revenue forecast cut from a chipmaker major amid growth concerns
in China.