Global Indices
Global Indices 03-Jul Prev_Day Abs. Change
Russell 3000 1,310 1,299 11 0.84
Nasdaq 8,170 8,109 61 0.75
FTSE 7,609 7,559 50 0.66
Nikkei 21,638 21,754 -116 -0.53
Hang Seng 28,855 28,876 -20 -0.07
Indian Indices 03-Jul Prev_Day Abs. Change
S&P BSE Sensex 39,839 39,816 23 0.06
Nifty 50 11,917 11,910 6 0.05
Nifty 100 12,015 12,002 14 0.11
Nifty 500 9,757 9,745 12 0.13
Nifty Bank 31,382 31,283 99 0.32
S&P BSE Power 2,144 2,134 10 0.47
S&P BSE Small Cap 14,320 14,283 37 0.26
S&P BSE HC 12,936 12,948 -12 -0.09
Date P/E Div. Yield P/E Div. Yield
3-Jul 28.72 1.18 29.30 1.23
Month Ago 28.89 1.18 29.90 1.20
Year Ago 22.57 1.24 25.85 1.22
Nifty 50 Top 3 Gainers
Company 03-Jul Prev_Day
Indiabulls HFC 691 642 7.56
IndusInd Bank 1471 1417 3.82
Zee Ente. 361 356 1.26
Nifty 50 Top 3 Losers Domestic News
Company 03-Jul Prev_Day
Eicher Motors 19650 20137 -2.42
GAIL 305 311 -1.96
Tech Mahindra 701 712 -1.48
Advance Decline Ratio
BSE NSE
Advances 1295 958
Declines 1195 813
Unchanged 162 119
Institutional Flows (Equity)
Description (Cr)
FII Flows* 75662
MF Flows** 8112
*3
rd
Jul 2019; **2
nd
Jul 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 ended flat as investors remained on the sidelines
ahead of the announcement of the Union Budget 2019-20. The budget is
scheduled to be presented on Jul 5, 2019. Global cues were weak too.
Also, markets were cautious before the presentation of Economic Survey
for 2018-19 by the chief economic adviser on Jul 4, 2019.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.06% and
0.05% to close at 39,839.25 and 11,916.75, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap grew 0.11% and 0.26%, respectively.
• The overall market breadth on BSE was strong with 1,295 scrips
advancing and 1,195 scrips declining. A total of 162 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Realty stood as the major gainer
and grew 0.76%, followed by S&P BSE Capital Goods and S&P BSE Power
that grew 0.57% and 0.47%, respectively. S&P BSE FMCG and S&P BSE
Industrials grew 0.41% and 0.37%, respectively. S&P BSE IT was the
major loser that fell 0.86% followed by S&P BSE Teck and S&P BSE
Consumer Durables that fell 0.66% and 0.11%, respectively.
• The seasonally adjusted Nikkei India Services Business Activity Index
fell from 50.2 in May 2019 to 49.6 in Jun 2019, thereby marking a 16-
months low. Broadly stagnant sales resulted in first decline in business
activity over a period of one year. Though the labour market showed
signs of resilience, there was slowdown in job creation. Weak sales and
competitive pressures hampered output. The seasonally adjusted Nikkei
India Composite PMI Output Index that considers both the
manufacturing sector and the services sector came in at 50.8 in Jun down
from 51.7 in May.
• Agriculture and Farmers Welfare Minister announced that the
government has raised the minimum support price (MSP) of paddy by
3.7% to Rs. 1,815 per quintal for crop season 2019-20. Meanwhile, the
MSP for paddy, Jowar and Ragi was surged by Rs. 65 per quintal, Rs. 120
per quintal and Ragi by Rs. 253 per quintal, respectively.
• According to media reports, the Reserve Bank of India will soon be
given the power by the Indian government to regulate housing finance
companies (HFCs). The move will result in lenders facing unprecedented
scrutiny and restriction on their activities if improper practices are
discovered.
• The government has the target to add 1,190 MW of hydropower
capacity in 2019. The target is expected to take the total capacity to
more than 50,000 MW. India has 45,399 MW of large hydel plants and
4,594 MW of small ones. Hydel capacity addition of 840 MW was
targeted in 2018 by the government, however, it managed to achieve
only 140 MW in 2018.
• According to media reports, the finance minster has stated that the
bank fraud incidence has fell to 6,735 in 2018-19 as against 9,866 in
2017-18. The financial implication in 2018-19 was Rs. 2,836 crore as
against Rs. 4,228 crore in the year-ago period.
• Asian equity markets fell as investor risk appetite took a hit on
persistent trade tensions and slowing global economic growth. The
sentiment was cautious ahead of a U.S. holiday on Jul 4, 2019, and as
investors looked forward to the release of U.S. non-farm payrolls data for
Jun 2019 on Jul 5, 2019. Today (as of Jul 04), Asian markets opened
higher following gains in Wall Street in the last session. Nikkei and
Hangseng were trading up 0.32% and 0.25%, respectively (as at 8.a.m.
IST).
• As per the last close, European markets closed higher on reports that
International Monetary Fund Managing Director has been nominated as
the president of the European Central Bank. Meanwhile, surge in
eurozone’s private sector in Jun 2019 added to the gains.
• As per the last close, U.S markets closed higher on optimism about
interest rate cut in the near-term by the U.S. Federal Reserve amid a
slew of weak U.S. economic data. Private sector employment data for
Jun missed market expectations, U.S. non-manufacturing index fell to
55.1 in Jun from 56.9 in May and U.S. trade deficit widened in May.