Global Indices 08-Mar Prev_Day Abs. Change
Dow Jones 24,895 24,801 94 0.38
Nasdaq 7,428 7,397 31 0.42
FTSE 7,203 7,158 45 0.63
Nikkei 21,368 21,253 115 0.54
Hang Seng 30,655 30,197 458 1.52
Indian Indices 08-Mar Prev_Day Abs. Change
S&P BSE Sensex 33,352 33,033 318 0.96
Nifty 50 10,243 10,154 88 0.87
Nifty 100 10,578 10,501 77 0.73
Nifty Bank 24,478 24,134 344 1.42
SGX Nifty 10,244 10,173 71 0.70
S&P BSE Power 2,149 2,131 19 0.88
S&P BSE Small Cap 17,357 17,270 87 0.50
S&P BSE HC 13,532 13,565 -33 -0.25
Date P/E Div. Yield P/E Div. Yield
8-Mar 23.07 1.18 25.00 1.27
Month Ago 24.21 1.15 25.56 1.07
Year Ago 21.96 1.42 23.17 1.24
Nifty 50 Top 3 Gainers
Company 08-Mar Prev_Day
SBI 257 247 4.12
ICICI Bank 297 287 3.58
Adani Ports & SEZ 388 377 2.92
Nifty 50 Top 3 Losers Domestic News
Company 08-Mar Prev_Day
Sun Pharma 515 525 -1.95
Tata Steel 636 648 -1.82
Yes Bank 309 312 -1.09
Advance Decline Ratio
Advances 1197 835
Declines 1530 959
Unchanged 139 57
Institutional Flows (Equity)
FII Flows* 1249
MF Flows** 24514
Mar 2018; **7
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
• After falling in the last six sessions, Indian equity markets closed in the
green amid worries surrounding trade war eased amid media reports that
U.S. President’s import tariff plan may spare select countries from much
of the impact. Also, clearance of relief package by the government for the
telecom sector supported buying interest.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.96% and
0.87% to close at 33,351.57 and 10,242.65, respectively. S&P BSE Mid-Cap
and S&P BSE Small-Cap grew 0.56% and 0.50%, respectively.
• The overall market breadth on BSE was weak with 1,530 scrips declining
and 1,197 scrips advancing. A total of 139 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Metal was the top loser, down
0.45%, followed by S&P BSE Telecom and S&P BSE Healthcare which fell
0.30% and 0.25%, respectively. S&P BSE FMCG and S&P BSE Basic
Materials fell 0.21% and 0.13%, respectively. Among the gainers, S&P BSE
Realty was the major gainer, up 1.63%, followed by S&P BSE Bankex and
S&P BSE Energy that grew 1.43% and 1.30%, respectively.
• The government is soon planning to invite bids to lease out another 10
public-funded national highways to private operators to raise money to
build more roads. The member finance of National Highways Authority of
India stated that road transport and highways ministry expects to raise
around Rs. 6,600 crore through this second round of leasing out
government-owned operational national highways under the toll operate-
transfer (TOT) model.
• The Government of India has received permission from Parliament to
spend additional cash of Rs. 85,315.30 crore in FY18. Out of this additional
amount, 70% is reserved to compensate states for revenue loss on
account of goods and service tax (GST) roll out.
• According to the International Energy Agency (IEA), over the next five
years, India and China are set to contribute approximately 50% to the
increase in the global demand for oil. As per IEA, demand is expected to
grow at an annual rate of 1.2 million barrels per day (mbd) until 2023, as
the oil demand would reach 104.7 mbd, up by 6.9 mbd from 2018.
• Bandhan Bank Ltd. will launch initial public offering of shares up to Rs.
4,473 crore or $688.6 million on March 15. This will thereby mark the
biggest ever initial share sale by a local bank. According to the prospectus,
it will sell up to 119.3 million shares, or about 10% of the post-issue share
capital of the bank, in a price range of Rs. 370 to Rs. 375 each in the IPO.
• KEC International announced that it has received new orders worth Rs.
1,378 crore across all business verticals. The company’s transmission and
distribution business has received orders worth Rs. 786 crore across India,
Middle East and SAARC. Meanwhile, its railway business has received four
orders for composite and overhead electrification works aggregating to
Rs. 473 crore across India.
• Prestige Group announced that it has entered into an agreement for
acquisition of 80% stake in Sterling Urban Infraprojects for a cash
consideration of Rs. 336 crore. Sterling Urban Infraprojects holds land
parcels in Bengaluru.
• Asian markets mostly traded up after the U.S. government hinted that
some of the countries would be exempted from the proposed import
tariff plans on steel and aluminum. This has eased concerns of global
trade war. Upbeat economic data from China and Japan also helped gains.
However, upside was limited ahead of the policy review from Bank of
Japan and ECB. Today (As of Mar 9), Asian markets opened higher after
the U.S. President signed steel and aluminum import tariffs that exempted
Canada and Mexico. Nikkei and Hang Seng rose 2.29% and 0.66%,
respectively (as at 8.a.m. IST).
• As per the last close, European markets ended higher after ECB in its
monetary policy review kept interest rates unchanged. However, gains
were capped amid decline in basic resources stocks after data showed
that China imported 16% less iron ore in Feb 2018 against Jan 2018.
• As per the last close, U.S markets ended almost higher after the U.S.
President implemented steel and aluminum import tariffs that excluded
Canada and Mexico. However, gains were capped as investors remained
cautious ahead of monthly jobs report for Feb 2018.