Global Indices
Global Indices 23-May Prev_Day Abs. Change
Dow Jones 25,490 25,777 -286 -1.11
Nasdaq 7,628 7,751 -123 -1.58
FTSE 7,231 7,334 -103 -1.41
Nikkei 21,151 21,283 -132 -0.62
Hang Seng 27,267 27,706 -439 -1.58
Indian Indices 23-May Prev_Day Abs. Change
S&P BSE Sensex 38,811 39,110 -299 -0.76
Nifty 50 11,657 11,738 -81 -0.69
Nifty 100 11,746 11,811 -66 -0.56
Nifty Bank 30,409 30,527 -118 -0.39
SGX Nifty 11,685 11,769 -84 -0.71
S&P BSE Power 1,931 1,922 9 0.47
S&P BSE Small Cap 14,353 14,369 -16 -0.11
S&P BSE HC 13,236 13,290 -54 -0.41
Date P/E Div. Yield P/E Div. Yield
23-May 28.35 1.22 29.02 1.13
Month Ago 27.49 1.19 28.94 1.14
Year Ago 22.28 1.19 25.86 1.23
Nifty 50 Top 3 Gainers
Company 23-May Prev_Day
Adani Ports & SEZ 408 386 5.60
Zee Ente. 360 342 5.33
IndusInd Bank 1599 1519 5.26
Nifty 50 Top 3 Losers Domestic News
Company 23-May Prev_Day
Vedanta 157 166 -5.38
Eicher Motors 20321 21225 -4.26
ITC 288 300 -3.85
Advance Decline Ratio
BSE NSE
Advances 1167 800
Declines 1347 990
Unchanged 173 109
Institutional Flows (Equity)
Description (Cr)
FII Flows* 64644
MF Flows** 3907
*23
rd
May 2019; **22
nd
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
• Indian equity markets touched all-time highs during the session but
ended lower as investors resorted to profit-taking. Sentiment was
bolstered by election results wherein the previous government was
garnering a comfortable win.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.76% and
0.69%, respectively, to close at 38,811.39 and 11,657.05, respectively. S&P
BSE Mid-Cap and S&P BSE Small Cap lost 0.15% and 0.11%, respectively.
• The overall market breadth on BSE was weak with 1,167 scrips
advancing and 1,347 scrips declining. A total of 173 scrips remained
unchanged.
• On the BSE sectoral front, S&P BSE Telecom was the major gainer, up
0.97%, followed by S&P BSE Capital Goods and S&P BSE Industrials, up
0.73% and 0.66%, respectively. S&P BSE Industrials and S&P BSE Realty
gained 0.66% and 0.55%, respectively. S&P BSE Fast Moving Consumer
Goods was the major loser, down 1.82%, followed by S&P BSE Metal and
S&P BSE Consumer Durables, down 1.57% and 1.14%, respectively.
• According to media news, Niti Aayog is working on the economic agenda
for the new government. The focus of the agenda will be on achieving
long-term sustainable growth and boosting private investments in the
country, the think tank's vice chairman said. According to him, the
economic agenda might also pitch for extending labour subsidies to textile
and leather sectors to reduce cost of production. He said capital in India
needs to be brought down as it is quite high. And there is also a need to
create a land bank owned by public sector undertakings so that private
investment can be attracted, the vice chairman added. When asked
whether he sees a case for fiscal stimulus as the economy is slowing down,
he said there is always a case for fiscal stimulus provided the fiscal balance
is maintained, the media reports showed.
• The government is planning to introduce a number of reforms and
another fund to boost start-ups that are focussed on priority areas such as
rural healthcare, water and waste management, clean energy solutions,
cyber security and drones, according to media reports. The Department
for Promotion of Industry and Internal Trade plans to set up an India
Startup Fund with an initial amount of Rs. 1,000 crore. The dedicated fund,
proposed in the department’s 100-day Action Plan, is separate from the
Fund of Funds for Startups (FFS), which was set up in 2016 under the Small
Industries Development Bank of India.
• The finance ministry has prepared 100-day agenda for the new
government with the target to push the economy. The economy has
dropped to 6.6% in the third quarter of 2018-19. The agenda is likely to
focus on increasing private investment, employment generation and
giving relief to the farm sector, media reports said. The agenda also
includes improving direct and indirect tax collection. Simplification of tax
procedure especially with regards to the goods and services tax is also on
the cards. As announced in the interim Budget, the decision with regard to
changes in tax slab or tax rate as far as income tax is concerned could be
taken in the final Budget for 2019-20, may be in Jul 2019.
• Asian equity markets ended mostly lower on fears U.S.-China trade
conflict is turning into a technology cold war. This was a set-back to hopes
that a trade deal could be reached before or at the G20 summit, which is
scheduled for Jun 2019 in Japan. Today (as of May 24), Asian markets
opened lower amid rising tensions between the U.S. and China trade war.
Nikkei was trading down 0.54% while Hang Seng were trading up 0.37%
(as at 8.a.m. IST).
• As per the last close, European markets closed lower amid ongoing U.S.-
China trade war concerns. Fall in crude oil prices, weak eurozone economy
and Brexit uncertainty further weighed on the market.
• As per the last close, U.S markets closed lower as investors feared that
U.S.-China trade war is slowing the economy. A steep fall in crude oil
prices also weighed on the energy sector.