GlobalIndices
GlobalIndices 20‐Nov Prev_Day Abs.Change
%Change
#
DowJones 24,466 25,017 ‐552 ‐2.21
Nasdaq 6,909 7,028 ‐120 ‐1.70
FTSE 6,948 7,001 ‐53 ‐0.76
Nikkei 21,583 21,821 ‐238 ‐1.09
HangSeng 25,840 26,372 ‐532 ‐2.02
IndianIndices 20‐Nov Prev_Day Abs.Change
%Change
#
S&PBSESensex 35,475 35,775 ‐300 ‐0.84
Nifty50 10,656 10,763 ‐107 ‐1.00
Nifty100 10,875 10,988 ‐113 ‐1.03
NiftyBank 26,113 26,301 ‐187 ‐0.71
SGXNifty 10,670 10,762 ‐92 ‐0.85
S&PBSEPower 1,956 1,976 ‐20 ‐1.00
S&PBSESmallCap 14,406 14,539 ‐133 ‐0.92
S&PBSEHC 14,234 14,461 ‐226 ‐1.57
Date P/E Div.Yield P/E Div.Yield
20‐Nov 23.41 1.23 25.62 1.25
MonthAgo 22.03 1.30 24.83 1.30
YearAgo 24.57 1.17 26.18 1.08
Nifty50Top3Gainers
Company 20‐Nov Prev_Day
%Change
#
GAIL 344 335 2. 79
AdaniPorts&SEZ 355 351 1. 34
IndusIndBank 1558 1538 1.29
Nifty50Top3Losers DomesticNews
Company 20‐Nov Prev_Day
%Change
#
YesBank 192 205 ‐6.20
Hindalco 222 234 ‐5.33
IndiabullsHFC 707 734 ‐3.71
AdvanceDeclineRatio
BSE NSE
Advances 829 490
Declines 1762 1327
Unchanged 150 79
InstitutionalFlows(Equity)
Description(Cr) YTD
FIIFlows* ‐36914
MFFlows** 112453
*20
th
Nov2018;**19
th
Nov2018
EconomicIndicator
YoY(%) Current YearAgo
CPI
3.31%
(Oct‐18)
3.58%
(Oct‐17)
IIP
4.50%
(Sep‐18)
4.10%
(Sep‐17)
GDP
8.20%
(Jun‐18)
5.60%
(Jun‐17)
21November2018
SinceMay‐17,MOSPIhasrevisedbaseyearofIIP&WPIfrom2004‐05to2011‐12,andforCPI
from2010to2012
IndianEquityMarket
IndicesPerformance
P/EDividendYield
Sensex Nifty
7.00%
(Jun‐18)
7.70%
(Mar‐18)
QuarterAgo
Inflow/Outflow
65
1054
4.17%
(Jul‐18)
• Indian equity markets lost their three‐day winning ways as a global
meltdown in technology stocks came to haunt bourses in Asia as well.
Technology and internet behemoths saw their stocks decline on the Wall
Street, which led to tech companies in Asia falling. Apart from this, the
emergence of misconduct charges against a major Japan‐based
automaker’s chairman and pessimism over U.S.‐China trade talks at the
upcoming G20 summit marred sentiment.
• Domestically, although the cues were strong, they couldn’t do much to
dispel the gloom. Crude oil prices were down, rupee was strong and the
Reserve Bank of India (RBI) board’s nine‐hour meeting the day before
gave mix ed signals as investors seemed divided on the outcome – the
board has advised the bank to support small businesses and give banks
more time t o fulfil capital regulations. It also decided to form a n expert
committee to advice on whether RBI reserves are adequate since there
have been requests from the government for access to surplus reserves.
• Key benchmark indices S&P BSE Sensex and Nif ty 50 declined 0.84% and
1% to close at 35,474.51 and 10,656.20, respectively.
• RBI's board has advised the bank to support small businesses and g ive
banks more time to fulfil capital regulations. The board had a nine‐hour
meeting on Nov 19, 2018, wherein it also decided to form an expert
committee to advice on whether RBI reserves are adequate since there
have been requests from the government for access to surplus reserves.
• India has asked the World Trade Organisation (WTO) to set up a panel
against the U.S. for imposing high import duties on certain steel and
aluminium products, according to media reports. This happened after
both the countries failed to resolve the issue in a bilateral consultation
process under the dispute settlement mechanism of WTO. Imposition of
high import duties on these items by the U.S. has hurt exports by Indian
businesses. The U.S. move also does not comply with global trade rules.
OtherthanIndia,Russia,Norway,Canada,Mexico,Switzerland,and
European Union have taken the U.S. in the WTO for imposing 25% and
10% import duties on certain steel and aluminium products, respectively,
which has led to global trade tensions.
• India According to media reports, the civil aviation minister has ordered
a safety audit of all domestic airlines. The Directorate General of Civil
Aviation will conduct the audit. The biggest domestic airline is cutting
costsandlookingforfundstostayafloatasitowesmoneytovendors
and employees. The company has reported t hird straight quarterly loss in
the second quarter ended S ep 2018.
• The Prime Minister has discussed with industry leaders and
policymakers how to further improve government processes by using
cutting‐edge technology. The Prime Minister wants India’s position in the
World Bank’s ease of doing business ranking to further improve and come
in the top 50. India came in at the 77th position in 2018, an improvement
of 23 plac es. He sought input based o n areas such as artificial intelligence,
internet of things, big data analytics and blockchain. He launched the
Ease of Doing Business Grand Challenge on the Startup India Portal.
• Asian equity markets declined because of global growth worries and
weakness in multinational technology stocks. China was at its lowest in
three weeks after investors turned pessimistic about chances of a
resolution of the trade dispute at the G20 summit later in Nov 2018.
Today (as of Nov 21), Asian markets opened on a negative note following
decline on Wall Street overnight. Both Nikkei and Hang Seng fell 0.88%
and 0.87%, respectively (as at 8.a.m. IST).
• As per the last close, Europea n markets closed firmly lower on
continued worries ov er global economic growth. Market remained
cautious ahead of a meeting between the U.S. President and Chinese
President at the G20 summit in Argentina later during the month.
• As per the last close, U.S markets dropped notably following weaker
than expected earnings from a major U.S. departmental store in the Sep
quarter of 2018. Moreover, s ome of the most po pular technology shares
also dropped. Energy stocks fell due to plunge in crude oil prices.
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