Global Indices 01-May Prev_Day Abs. Change
Dow Jones 24,099 24,163 -64 -0.27
Nasdaq 7,131 7,066 64 0.91
FTSE 7,520 7,509 11 0.15
Nikkei 22,508 Closed NA NA
Hang Seng Closed 30,808 NA NA
Indian Indices 30-Apr Prev_Day Abs. Change
S&P BSE Sensex 35,160 34,970 191 0.55
Nifty 50 10,739 10,692 47 0.44
Nifty 100 11,146 11,095 51 0.46
Nifty Bank 25,532 25,395 137 0.54
SGX Nifty 10,790 10,749 41 0.38
S&P BSE Power 2,238 2,218 20 0.89
S&P BSE Small Cap 18,402 18,240 162 0.89
S&P BSE HC 14,154 14,036 118 0.84
Date P/E Div. Yield P/E Div. Yield
30-Apr 23.83 1.12 26.66 1.19
Month Ago 22.66 1.18 24.66 1.29
Year Ago 22.49 1.37 23.63 1.23
Nifty 50 Top 3 Gainers
Company 30-Apr Prev_Day
Yes Bank 362 349 3.75
HUL 1509 1474 2.37
Ambuja Cem 251 245 2.35
Nifty 50 Top 3 Losers Domestic News
Company 30-Apr Prev_Day
Axis Bank 517 539 -4.06
RIL 963 996 -3.31
United Phos 730 754 -3.25
Advance Decline Ratio
Advances 1379 966
Declines 1279 840
Unchanged 149 84
Institutional Flows (Equity)
FII Flows* 8846
MF Flows** 43895
Apr 2018; **25
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
• Strong buying interest in banking and technology stocks helped key
benchmark indices to close the session at a nearly three-month high.
Two industry majors in the financial sector posted encouraging quarterly
earnings. Gains on the global front following easing geopolitical concerns
in the Korean Peninsula boosted the indices further. Upside was
restricted by lower than expected quarterly earnings of an index
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.55% and
0.44% to close at 35,160.36 and 10,739.35, respectively. S&P BSE Mid-
Cap and S&P BSE Small-Cap grew 0.56% and 0.89%.
• The overall market breadth on BSE was strong with 1,379 scrips
advancing and 1,279 scrips declining. A total of 149 scrips remained
• On the BSE sectoral front, S&P BSE Realty was the major gainer, up
1.50%, followed by S&P BSE Capital Goods that grew 1.48%. S&P BSE
Information Technology and S&P BSE FMCG grew 1.44% and 1.35%,
respectively. S&P BSE Energy was the major loser, down 1.99%, followed
by S&P BSE Oil & Gas that fell 1.08%.
• The Reserve Bank of India (RBI) eased norms for External Commercial
Borrowings (ECBs) by coming out with an all-in-cost ceiling. This all-in-
cost ceiling for ECBs was made uniform and fixed at 450 basis points
above the benchmark London Interbank Offer Rate (LIBOR). By this RBI
did away with the concept of different slabs for different maturities. The
central bank also liberalized the ECB framework by expanding the list of
eligible borrowers to housing-finance companies and port trusts and
they would not need approval from RBI. RBI also increased the liability-
to-equity ratio for ECB raised from direct foreign equity holder under the
automatic route to 7:1.
• According to the media reports, Indian e-commerce platforms need to
make preparations for withholding tax provisions in two months under
the Goods and Services Tax (GST). The provisions may come into effect
from Jul 1 as the GST regime seems to be stabilizing. The objective of the
move is to put a check on tax evasion.
• According to media reports, the ministry of commerce has asked the
Food Safety and Standards Authority of India and customs authorities to
bring down the import clearance time of food cargoes. The objective of
the move is to promote ease of doing business within the country at the
trade front. Presently, five to eight days are required to get import
clearance for a food consignment. The commerce ministry in this regard
has asked FSSAI and custom authorities to bring down the import
clearance time for a food consignment to 48 hours.
• HDFC Bank recorded rise in standalone net profit by 39% YoY to Rs.
2,846.22 crore in the quarter ended Mar 2018 as compared with Rs.
2,044.22 crore posted a year ago. The bank’s net interest income rose
12.4% YoY to Rs. 3,617 crore as compared with Rs. 3,216 crore in the
quarter ended Mar 2017.
• According to media reports, State Bank of India is in the process of a
major debt restructuring and taking over stressed assets of the power
generating firms. The bank thinks that an easy resolution process, proper
valuation and incentives might attract new owners for those assets.
• Global equity edged higher despite thin trading volume as majority of
the Asian markets remained closed on Labour Day holiday. Investors took
positive cues after U.S. President gave a 30-day extension of the deadline
on steel and aluminium tariff exemptions. Today (as of May 2), Asian
markets opened mixed following mixed close on Wall Street in the last
session. Decline in mining and oil sub-indexes led to losses. Hang seng
and Nikkei fell 0.39% and 0.24%, respectively (as at 8.a.m. IST).
• As per the last close, European markets ended slightly higher as most of
the markets remained closed with thin trading volume for the markets
that were open. Gains in one of the online food order company driven by
strong order growth in the first quarter boosted the indices.
• As per the last close, U.S markets ended on a mixed note as investors
remained cautious ahead of the monetary policy announcement by the
U.S. Fed on May 2. Gains in one of the U.S. tech majors ahead of its
earnings results boosted the indices. However, decline in one of the U.S.
pharma majors on weak sales in the first quarter capped the gains.