Global Indices 06-Jun Prev_Day Abs. Change
Dow Jones 25,721 25,540 181 0.71
Nasdaq 7,616 7,575 40 0.53
FTSE 7,260 7,220 40 0.55
Nikkei 20,774 20,776 -2 -0.01
Hang Seng 26,965 26,895 70 0.26
Indian Indices 06-Jun Prev_Day Abs. Change
S&P BSE Sensex 39,530 40,084 -554 -1.38
Nifty 50 11,844 12,022 -178 -1.48
Nifty 100 11,933 12,123 -190 -1.56
Nifty Bank 30,857 31,589 -732 -2.32
SGX Nifty 11,885 12,072 -187 -1.55
S&P BSE Power 2,010 2,020 -10 -0.49
S&P BSE Small Cap 14,673 14,911 -238 -1.60
S&P BSE HC 13,108 13,293 -185 -1.39
Date P/E Div. Yield P/E Div. Yield
6-Jun 28.13 1.21 29.29 1.23
Month Ago 28.38 1.21 28.95 1.13
Year Ago 22.92 1.15 27.06 1.23
Nifty 50 Top 3 Gainers
Company 06-Jun Prev_Day
Coal India 269 263 2.18
Titan Industries 1269 1248 1.72
Hero Moto 2789 2753 1.31
Nifty 50 Top 3 Losers Domestic News
Company 06-Jun Prev_Day
GAIL 316 358 -11.71
Indiabulls HFC 736 796 -7.62
IndusInd Bank 1523 1638 -7.04
Advance Decline Ratio
Advances 740 469
Declines 1859 1382
Unchanged 132 98
Institutional Flows (Equity)
FII Flows* 79532
MF Flows** 2124
Jun 2019; **4
YoY(%) Current Year Ago
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 witnessed the highest single day decline in 2019
as investors got cautious over the Reserve Bank of India cutting its
economic growth for FY20. The central bank cut repo rate by 25 basis
points at its meeting, which was along expected lines. Sentiment was also
hurt as there was no announcement by the Reserve Bank of India
regarding liquidity issues that have been bogging the non-banking
financial companies (NBFCs).
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 1.38% and
1.48% to close at 39,529.72 and 11,843.75, respectively. S&P BSE Mid-Cap
and S&P BSE Small Cap fell 1.77% and 1.60%, respectively.
• The overall market breadth on BSE was weak with 740 scrips advancing
and 1,859 scrips declining. A total of 133 scrips remained unchanged.
• On the BSE sectoral front, all the sectors lost. S&P BSE Oil & Gas was the
major loser, down 3.04%, followed by S&P BSE Capital Goods and S&P BSE
Bankex, which fell 2.81% and 2.34%, respectively. S&P BSE Finance and
S&P BSE Industrials fell 2.27% and 2.13%, respectively. S&P BSE Utilities
and S&P BSE Basic Materials fell 1.94% and 1.89%, respectively.
• The seasonally adjusted Nikkei India Services Business Activity Index fell
from 51 in Apr 2019 to 50.2 in May 2019, thereby marking a 1-year low.
The seasonally adjusted Nikkei India Composite PMI Output Index that
considers both the manufacturing sector and the services sector came in
at 51.7 in May 2019, thereby unchanged from Apr 2019. Disruptions amid
elections in the earlier part of May dampened growth of new work
intakes. New business inflows at service providers grew at the slowest
pace in eight months.
• The Monetary Policy Committee (MPC) unanimously lowered key policy
repo rate by 25 bps for the third consecutive time in its second bi-monthly
monetary policy review for FY20. MPC also changed its stance on
monetary policy from neutral to accommodative. The key policy repo rate
thus stands at a near 9-year low of 5.75%. The reverse repo thus stands
adjusted at 5.50% while the bank rate and the marginal standing facility
rate stood at 6.0%.
• MPC noted that the growth drivers of the Indian economy has weakened
significantly and also added that investment activity has slowed down
sharply. In addition, MPC also expressed concerns over the sustained and
continued moderation of growth in private consumption. But on the
inflation front, MPC noted that the retail inflation trajectory still remains
well below its medium-term target of 4% even after it took into
consideration the expected transmission of the past two rate cuts in the
previous two monetary policy reviews.
• MPC modified its forecasts for retail inflation for the first half of FY20 to
a range of 3.0% to 3.1% from the earlier projection of 2.9% to 3.0%.
However, the retail inflation projection for the second half was lowered to
3.4% to 3.7% from the earlier projection of 3.5% to 3.8%.
• MPC noted that the retail inflation will be dictated by several factors.
Such factors are uncertainties pertaining to the monsoons, unseasonal
spikes in the price of vegetables, global crude oil prices and its impact on
the domestic prices, volatility in the global financial markets and the
government’s ability to adher to the fiscal consolidation roadmap. MPC is
of the view that vegetable prices grew in Apr-19 and if the same continued
to sustain then the domestic inflationary pressures may go up.
• Asian markets traded in the mixed as the trade tension resurfaced after
U.S. and Mexico failed to reach an agreement during their tariff talks.
Moreover, the International Monetary Fund (IMF) lowered China's growth
forecast for this year and next year, due to uncertainty related to trade
tensions. Although, higher cues from overnight U.S. markets restricted the
gains.Today (as of Jun 07), Asian markets opened higher following positive
developments overnight on U.S.-Mexico negotiations. Markets in China
and Hong Kong are closed for a holiday. Nikkei was trading up 0.23% (as at
• As per the last close, European markets closed mixed after European
Central Bank (ECB) revised its forward guidance in its latest policy meet.
ECB announced to delay its first post-crisis interest rate hike until middle
of 2020 and announced generous terms on a new batch of long-term
loans for banks.
• As per the last close, U.S markets closed higher after a media report that
U.S. is considering delaying its earlier plans of charging 5% levy on all