Global Indices
Global Indices 28-Nov Prev_Day Abs. Change
Dow Jones 25,366 24,749 618 2.50
Nasdaq 7,292 7,083 209 2.95
FTSE 7,005 7,017 -12 -0.18
Nikkei 22,177 21,952 225 1.02
Hang Seng 26,683 26,332 351 1.33
Indian Indices 28-Nov Prev_Day Abs. Change
S&P BSE Sensex 35,717 35,513 204 0.57
Nifty 50 10,729 10,686 43 0.40
Nifty 100 10,940 10,906 34 0.32
Nifty Bank 26,458 26,443 15 0.06
SGX Nifty 10,724 10,664 60 0.56
S&P BSE Power 1,924 1,927 -3 -0.15
S&P BSE Small Cap 14,321 14,391 -69 -0.48
S&P BSE HC 13,983 14,051 -68 -0.48
Date P/E Div. Yield P/E Div. Yield
28-Nov 23.30 1.22 25.96 1.24
Month Ago 21.32 1.34 24.12 1.34
Year Ago 24.85 1.16 26.53 1.07
Nifty 50 Top 3 Gainers
Company 28-Nov Prev_Day
TCS 1984 1890 4.95
Infosys 666 639 4.30
Zee Ente. 477 459 3.95
Nifty 50 Top 3 Losers Domestic News
Company 28-Nov Prev_Day
Yes Bank 162 183 -11.25
BPCL 320 336 -4.58
Bharti Airtel 314 328 -4.28
Advance Decline Ratio
BSE NSE
Advances 972 618
Declines 1639 1168
Unchanged 159 98
Institutional Flows (Equity)
Description (Cr)
FII Flows* -38108
MF Flows** 114399
*28
th
Nov 2018; **26
th
Nov 2018
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 gained for the third straight day of the week as
encouraging signs emanated on the U.S.-China trade front and gave global
markets a fillip. U.S. economic advisor said the administration has opened
talks with China on all levels and the chances of the two countries ironing
out issues at the upcoming G20 meeting are encouraging. Domestic
markets also witnessed short covering ahead of the expiry of derivatives
contracts on Nov 29, 2018.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.57% and
0.40% to close at 35,716.95 and 10,728.85, respectively. S&P BSE Mid-Cap
lost 0.50%, while S&P BSE Small Cap went down 0.48%.
• The overall market breadth on BSE was weak with 1,639 scrips declining
and 972 scrips advancing. A total of 159 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Information Technology was the
major gainer, up 3.58%, followed by S&P BSE Teck, up 2.88%, and S&P BSE
Consumer Durables, up 0.52%. S&P BSE Telecom was the major loser,
down 2.87%, followed by S&P BSE Realty and S&P BSE Oil & Gas, down
1.91% and 1.57%, respectively.
• The Reserve Bank of India (RBI) plans to infuse Rs. 40,000 crore into the
system in Dec 2018 through Open Market Operations (OMOs). The
announcement comes based on an assessment of the durable liquidity
needs going forward. RBI will announce the details of the auction dates
for the OMOs in due course.
• The Securities and Exchange Board of India (SEBI) announced that it has
issued a framework for interoperability among clearing corporations
(CCPs), which will be operational from Jun 1, 2019. Instead of going
through the CCP owned by the bourse on which the trade was executed,
the interoperability would allow the trading members to clear trades
through a firm of their choice. Currently, different bourses have their own
CCPs that handle settlement of trades on the respective stock exchanges.
• According to a report from India’s telecoms regulator, India's mobile
phone customer base has increased 0.21%, or a net 2.4 million, to 1.17
billion in Sep 2018 as against Jul 2018. Active mobile phone subscribers
came in at 1.01 billion in Sep 2018. Meanwhile, mobile connections per
100 people were 89.51 as of Sep 30, 2018.
• SEBI is allowing alternative investment funds (AIFs) to operate from
International Financial Services Centre (IFSC). With this allowance, IFSC is
expected to emerge as the hotspot for private equity funds and venture
capitalists. The move is important as the Central government has been
making efforts to bring the fund management industry on shore from
current preferred destinations like Hong Kong and Singapore. However,
these efforts have brought in less results as substantially higher expenses
are required for setting up of the funds and also has higher tax incidence.
• According to media reports, the Securities and Exchange Board of India
(SEBI) has directed MCX, the commodity exchange, to conduct an internal
enquiry into a complaint on alleged misuse of data provided by the
exchange to Indira Gandhi Institute of Development Research (IGIDR). The
results of the enquiry would be intimated to SEBI.
• Most Asian equity markets gained as hopes of a resolution to the U.S.-
China trade dispute arose. White House economic advisor said the
upcoming G20 summit will give a chance to both countries to sort out
their differences, which had not happened till now. Investors looked
forward to the U.S. Federal Reserve (Fed) chairman’s speech scheduled
later in the day and the release of the central bank’s meeting’s minutes a
day after for clues on interest rate stance. Today (as of Nov 29), Asian
market opened higher following gains in the U.S. Wall Street after the U.S.
Fed Chair said that the interest rates are close to neutral. Both Nikkei and
Hang Seng were trading up 0.81% and 0.52%, respectively (as at 8.a.m.
IST).
• As per the last close, European markets closed lower as investors were
cautious ahead of U.S. Fed Chair speech and G-20 summit.
• As per the last close, U.S. markets closed higher after the U.S. Fed Chair
said that the interest rates are close to neutral which was interpreted as
dovish for interest rates. Easing worries on U.S. and China trade war also
boosted stocks.