Global Indices
Global Indices 13-May Prev_Day Abs. Change
Dow Jones 25,325 25,942 -617 -2.38
Nasdaq 7,647 7,917 -270 -3.41
FTSE 7,164 7,203 -40 -0.55
Nikkei 21,191 21,345 -154 -0.72
Hang Seng Closed 28,550 NA NA
Indian Indices 13-May Prev_Day Abs. Change
S&P BSE Sensex 37,091 37,463 -372 -0.99
Nifty 50 11,148 11,279 -131 -1.16
Nifty 100 11,250 11,392 -142 -1.25
Nifty Bank 28,660 29,041 -381 -1.31
SGX Nifty 11,118 11,317 -199 -1.75
S&P BSE Power 1,844 1,890 -46 -2.42
S&P BSE Small Cap 13,802 14,106 -304 -2.15
S&P BSE HC 13,310 13,797 -487 -3.53
Date P/E Div. Yield P/E Div. Yield
13-May 27.24 1.26 27.80 1.18
Month Ago 28.18 1.12 29.06 1.13
Year Ago 23.62 1.14 26.82 1.19
Nifty 50 Top 3 Gainers
Company 13-May Prev_Day
Bharti Infratel 265 262 1.22
Titan Industries Limited 1145 1132 1.11
Tech Mahindra 817 808 1.10
Nifty 50 Top 3 Losers Domestic News
Company 13-May Prev_Day
Sun Pharma 398 438 -9.06
Eicher Motors 18752 20354 -7.87
Zee Ente. 342 371 -7.85
Advance Decline Ratio
BSE NSE
Advances 575 350
Declines 1889 1492
Unchanged 180 80
Institutional Flows (Equity)
Description (Cr)
FII Flows* 68228
MF Flows** 691
*13
th
May 2019; **10
th
May 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
• India’s consumer inflation accelerated to 2.92% YoY in Apr 2019 from
2.86% in Mar 2019 but slowed compared with 4.58% in Apr 2018. This
marked a six-month high. Food inflation grew 1.10% in Apr 2019
compared with a growth of 0.30% in Mar 2019. Fuel and light inflation also
accelerated to 2.56% YoY from 2.42% in Mar 2019.
• Society of Indian Automobile Manufacturers (SIAM) data showed
dispatches of passenger vehicles declined 17% YoY in Apr 2019 to 247,541
units, media reports showed. This has happened because of the slowdown
in the economy due to consumer uncertainty before the 2019 Lok Sabha
elections and liquidity crunch in the non-banking financial companies,
SIAM said. Domestic car sales declined 19.9% to 160,279 units in Apr,
while utility vehicles sales fell 6.6% to 73,854 units during the period.
• HDFC’s Mar 2019 quarter net profit grew 27% to Rs. 2,861.58 crore
compared with Rs. 2,256.68 crore in the same quarter of the previous
year. This beat expectations. HDFC's total income increased to Rs.
11,586.58 crore in the quarter, compared with Rs. 9,322.36 crore in the
same period of the previous year. Net interest margin of the mortgage
financier came in at 3.3% for the quarter.
• State Bank of India’s fourth quarter profit missed estimates. The bank’s
profit came in at Rs. 838.40 crore and it had to make hefty provisions to
pare bad debt. In the corresponding quarter last year, the bank had
posted losses of Rs. 7,718.17 crore. Provisions against bad loans surged
24% to Rs. 17,335.84 crore in the Jan-Mar period from Rs. 13,970.82 crore
a quarter ago.
• Larsen and Toubro Ltd’s (L&T) net profit increased 8% for the Mar 2019
quarter to Rs. 3,418 crore, against Rs. 3,167 crore in the year-ago period.
This happened on the back of strong revenue growth and operational
efficiencies. Revenue from operations for the quarter grew 10% from Rs.
40,676 crore to Rs. 44,933 crore. For the full fiscal year, net profit stood at
Rs. 8,905 crore, against Rs. 7,369 crore in FY18. Revenue in FY19 was Rs.
1.41 trillion, 18% higher compared with Rs. 1.19 trillion in FY18.
International revenue was Rs. 45,109 crore for the year, constituting 32%
of total revenue.
• Asian equity markets declined after trade discussions held on May 9 and
10, 2019, between the U.S. and China could not reach a resolution. The
U.S. President defended his trade policy of increasing tariff on Chinese
imports worth $200 billion from 10% to 25%. Today (as of May 14), Asian
markets opened on a lower note as tensions between U.S. and China
intensified after China decided to raise tariffs on some U.S. goods. Nikkei
and Hangseng fell 1.13% and 2.01%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed on a lower note amid
worries about global growth following reports that China will impose
tariffs on some U.S. imports from Jun 1, 2019. Concerns over Brexit added
to the woes.
• As per the last close, U.S markets closed on a lower note as concerns
over trade war between U.S. and China intensifies. China announced plans
to raise tariffs on $60 billion worth of U.S. goods from Jun 1, 2019. The
move came in retaliation to U.S.’ recent decision to raise tariffs on
approximately $200 billion worth of Chinese goods.
• Indian equity markets fell for the ninth straight session on weak global
cues and economic data. The U.S.-China trade talks ended without a
conclusion and investors feared retaliatory action by China. India’s index
of industrial production fell against expectations of a rise and car sales
showed a subdued trend for Apr 2019.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.99% and
1.16%, respectively, to close at 37,090.82 and 11,148.20, respectively. S&P
BSE Mid-Cap and S&P BSE Small Cap lost 1.84% and 2.15%, respectively.
• The overall market breadth on BSE was weak with 575 scrips advancing
and 1889 scrips declining. A total of 180 scrips remained unchanged.
• On the BSE sectoral front, only S&P BSE Information Technology gained,
up 0.11%. S&P BSE Healthcare was the major loser, down 3.53%, followed
by S&P BSE Capital Goods and S&P BSE Power, down 2.52% and 2.42%,
respectively. S&P BSE Industrials and S&P BSE Utilities lost 2.38% and
2.36%, respectively. S&P BSE Oil & Gas and S&P BSE Metal dropped 2.23%
and 2.04%, respectively.