Global Indices
Global Indices 05-Oct Prev_Day Abs. Change
Dow Jones 26,447 26,627 -180 -0.68
Nasdaq 7,788 7,880 -91 -1.16
FTSE 7,319 7,418 -100 -1.35
Nikkei 23,784 23,976 -192 -0.80
Hang Seng 26,573 26,624 -51 -0.19
Indian Indices 05-Oct Prev_Day Abs. Change
S&P BSE Sensex 34,377 35,169 -792 -2.25
Nifty 50 10,316 10,599 -283 -2.67
Nifty 100 10,510 10,794 -284 -2.63
Nifty Bank 24,443 24,819 -376 -1.51
SGX Nifty 10,296 10,612 -317 -2.98
S&P BSE Power 1,900 1,942 -42 -2.18
S&P BSE Small Cap 13,840 14,126 -286 -2.02
S&P BSE HC 14,401 14,550 -149 -1.03
Date P/E Div. Yield P/E Div. Yield
5-Oct 21.96 1.31 24.95 1.30
Month Ago 24.35 1.17 27.90 1.17
Year Ago 23.67 1.22 25.69 1.15
Nifty 50 Top 3 Gainers
Company 05-Oct Prev_Day
Infosys 725 707 2.46
Titan Industries 792 777 1.98
TCS 2103 2065 1.83
Nifty 50 Top 3 Losers Domestic News
Company 05-Oct Prev_Day
HPCL 165 217 -23.97
BPCL 265 331 -19.89
Indian Oil 118 140 -15.86
Advance Decline Ratio
BSE NSE
Advances 674 413
Declines 1982 1441
Unchanged 125 93
Institutional Flows (Equity)
Description (Cr)
FII Flows* -19924
MF Flows** 90919
*5
th
Oct 2018; **3
rd
Oct 2018
Economic Indicator
YoY(%) Current Year Ago
CPI
3.69%
3.28%
6.60%
1.00%
8.20%
5.60%
Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI
from 2010 to 2012
4.50%
7.70%
4.87%
• Indian equity markets declined as the Reserve Bank of India decided to
maintain interest rates at their present level, defying expectations.
Investors were surprised by the central bank’s move as expectations were
for a 25 basis points hike in rates in the face of rising crude oil prices and
falling rupee excreting upward pressure on inflation. Also, the rupee
continued its downward slide, touching a new all-time low of 74.13.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 2.25% and
2.67% to close at 34,376.99 and 10,316.45, respectively. S&P BSE Mid-
Cap decreased 2.70%, while S&P BSE Small Cap fell 2.02%.
• On the BSE sectoral front, only three sectors gained, namely S&P BSE
Information Technology (1.11%), S&P BSE Teck (0.7%) and S&P BSE
Consumer Durables (0.62%). The major loser was S&P BSE Oil & Gas,
down 12.68%, followed by S&P BSE Energy, down 8.52%. S&P BSE Utilities
lost 3.58% and S&P BSE Metal lost 3.45%. The oil and gas and energy
sectors lost as the government announced it will cut excise duties on
petrol and diesel prices and oil marketing companies would have to
absorb Re 1 per litre. Export-oriented IT sector’s gains come in the wake
of an all-time low rupee.
• The Monetary Policy Committee (MPC) in its fourth bi-monthly
monetary policy review for FY19 kept key policy repo rate on hold after it
increased the same by 25 bps each in its two previous bimonthly policy
reviews. The decision comes as MPC opted to keep inflation on a close
vigil for the next few months. MPC voted 5:1 in favour of a status quo.
However, it changed its stance to “calibrated tightening” from neutral
that was in place since Feb 2017.
• MPC on the growth front retained the growth projection for FY19 at
7.4%. For the first quarter of FY20, MPC lowered the GDP growth for the
first quarter of FY20 to 7.4% from the earlier projection of 7.5%. The
outlook for economic growth is based on the fact that the outlook for
private consumption has remained robust. According to MPC, it will likely
sustain despite the impact of recent rise in oil prices on disposable
incomes. Improving capacity utilisation and increased financial resources
to the corporate sector augur well for investment activity. However,
global as well as domestic financial conditions have tightened and may
keep a check on the same.
• According to media reports, Icra has assigned a B- (negative) rating for
Jet Airways' Rs 70 billion long-term debt (from BB-) which includes non-
convertible debentures, loans, fund, and non-fund based facilities. As per
reports, this is the third rating downgrade in five months as the airline
faces a delay in implementing liquidity enhancement measures.
• According to media reports, Thomas Cook India said that its board has
given nod for the acquisition of a 24% stake in Mumbai-based travel tech
start-up 'TravelJunkie Solutions' by its arm TC Tours Ltd.
• According to media reports, drug firm Zydus Cadila said that it has
received final approval from the US health regulator to market
Exemestane tablets which is used for the treatment of breast cancer.
• According to media reports, Swedish furniture and home accessories
company IKEA plans to invest nearly Rs. 3,000 crore in the next three
years to open three fulfilment centres (packing warehouses) in Mumbai,
Bengaluru and Delhi.
• Asian equity markets saw lacklustre trade as investors became cautious
of rising U.S. Treasury yields. The rise in yields has raised concern about
interest rate outlook. Media reports on China conducting a covert action
on global IT majors operating in the country soured sentiment. Today (as
of Oct 8), Asian markets opened almost lower following losses in the Wall
Street in the last session. Hangseng fell 0.03% (as at 8.a.m. IST). Nikkei
remained closed.
• As per the last close, European markets closed lower due to concerns
surrounding Italy and Brexit uncertainty and continued trade tensions
between the U.S. and China. Weaker than expected U.S. employment
growth for Sep 2018 also weighed on investor sentiment.
• As per the last close, U.S markets closed almost lower following weaker
than expected job growth in Sep 2018. Non-farm payroll employment
surged by 134,000 jobs as against market expectations of a growth of
about 185,000 jobs. However, reports of significant upward revision to
the pace of job growth in Aug 2018 and decline in unemployment rate to
its lowest level since 1969 restricted the losses.