GlobalIndices 25‐Mar Prev_Day Abs.Change
DowJones 25,517 25,502 15 0.06
Nasdaq 7,638 7,643 ‐5 ‐0.07
FTSE 7,178 7,208 ‐30 ‐0.42
Nikkei 20,977 21,627 ‐650 ‐3.01
HangSeng 28,523 29,113 ‐590 ‐2.03
IndianIndices 25‐Mar Prev_Day Abs.Change
S&PBSESensex 37,809 38,165 ‐356 ‐0.93
Nifty50 11,354 11,457 ‐103 ‐0.90
Nifty100 11,505 11,614 ‐109 ‐0.94
NiftyBank 29,281 29,583 ‐301 ‐1.02
SGXNifty 11,384 11,468 ‐84 ‐0.73
S&PBSEPower 2,010 2,001 9 0.46
S&PBSESmallCap 14,588 14,759 ‐171 ‐1.16
S&PBSEHC 14,114 14,182 ‐68 ‐0.48
Date P/E Div.Yield P/E Div.Yield
25‐Mar 27.44 1.15 27.83 1.19
MonthAgo 26.55 1.18 26.53 1.24
YearAgo 22.50 1.20 24.38 1.30
Company 25‐Mar Prev_Day
IndianOil 164 157 4.65
ONGC 159 152 4.14
CoalIndia 237 232 2.26
Company 25‐Mar Prev_Day
ZeeEnte. 416 435 ‐4.23
VedantaLimited 168 174 ‐3.25
BhartiInfratel 307 316 ‐3.01
Advances 747 468
Declines 1932 1403
Unchanged 190 78
YoY(%) Current YearAgo
weak global cues. Fears of economic slowdown in U.S., uncertainty around
Brexit and concerns over global economy kept the investors wary. 10‐year
U.S. Treasury yields fell to the lowest since early 2018 following cautious
remarks by the U.S. Federal Reserve in the week ended Mar 22, 2019.
However, gains in one of the major Indian international airline following
media reports that its Chairman and his wife have stepped down from the
board of the airline restricted the losses.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.93% and
0.90% to close at 37,808.91 and 11,354.25, respectively. S&P BSE Mid‐Cap
and S&P BSE Small Cap fell 1.06% and 1.16%, respectively.
• On the BSE sectoral front, S&P BSE Telecom stood as the major loser,
down 2.22% followed by S&P BSE Realty and S&P BSE Basic Materials that
fell 1.83% and 1.38%, respectively. S&P BSE Metal and S&P BSE Bankex fell
1.30% and 1.29%, respectively. S&P BSE Oil & Gas stood as the major
gainer and grew 1.40%, followed by S&P BSE Power that grew 0.46%.
• According to media reports, the government is considering putting in
place a mechanism to track people who change jobs in order to get clarity
regarding the formal employment in the country and the net employment
generated. The move is being considered as the reports of those exiting
and re‐re‐joining gets delayed and thus is not completely reliable.
• According to media reports, the Reserve Bank of India is working on
regulatory norms for financial technology companies. The Central Bank
governor will hold discussion with the chiefs of payment banks in order to
understand their issues, concerns and worries. A regulatory sandbox is
expected to be issued in the next two months so as to promote financial
technology in the country. Here a sandbox approach is experimenting and
learning before finally adopting a system or technology. Such an approach
helps to put a check on failures.
• According to the Secretary of the Department of Economic Affairs, the
liquidity position and the fiscal deficit position of the country is
comfortable and that the government will be able to meet the fiscal deficit
targets. The remark comes amid concerns that collection of direct taxes
and indirect taxes not coming as expected.
• According to media reports, the ministry of commerce has come out
with an online system which will help exporters to obtain export license
for restricted category goods. The objective of the move is to promote
paperless work and boost ease of doing business within the country.
• Jet Airways Ltd Chairman Naresh Goyal and his wife Anita Goyal have
quit the board of the cash‐strapped airline, as it closes in on a rescue deal
led by state‐run banks. The banks, led by State Bank of India (SBI), will
convert their debt into equity and take a controlling stake in the airline for
a token sum of 1 rupee. SBI expects investors or buyer for the cash‐
strapped Jet Airways by the end of May 2019.
• Netmeds has acquired health tech start‐up KiViHealth and will invest
close to $10 million to integrate and grow the latter's business. KiViHealth
is a clinic management platform providing cloud‐based, AI‐powered tools
for effective doctor‐patient interaction. The acquisition is through a cash
and stock deal.
• Asian markets closed in the red amid escalating worries over global
economic slowdown and Brexit‐related uncertainty. Concerns over
potential U.S. recession weighed on market sentiments after the yield of
3‐month U.S. Treasury bexceeded that of 10‐year U.S. Treasury. Today (as
of Mar 26), Asian markets opened higher after declining on the previous
session following concerns over global economy. Both Nikkei and Hang
Seng were trading higher 1.70% and 0.41%, respectively (as at 8 a.m. IST).
• As per the last close, European markets fell on rising fears of a looming
U.S. recession looking at the inverted U.S. yield curve and fresh
uncertainty around Brexit few days before U.K.’s scheduled departure
from the European Union (EU).
• As per the last close, U.S markets were little changed on absence of any
major U.S. economic data. Reports on housing starts, consumer
confidence, pending home sales, personal income and spending and new
home sales are likely to trigger movement in the coming days. Meanwhile,
lingering concerns about the outlook for the U.S. economy continued to