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14 Oct 2019
Markets for You
Global Indices
Global Indices 11-Oct Prev_Day Abs. Change
% Change
Russell 3000 1,299 1,284 15 1.19
Nasdaq 8,057 7,951 106 1.34
FTSE 7,247 7,186 61 0.84
Nikkei 21,799 21,552 247 1.15
Hang Seng 26,308 25,708 601 2.34
Indian Indices 11-Oct Prev_Day Abs. Change
% Change
S&P BSE Sensex 38,127 37,880 247 0.65
Nifty 50 11,305 11,235 71 0.63
Nifty 100 11,413 11,345 68 0.60
Nifty 500 9,161 9,113 49 0.53
Nifty Bank 28,043 28,013 29 0.10
S&P BSE Power 1,920 1,915 5 0.27
S&P BSE Small Cap
12,772 12,723 49 0.38
S&P BSE HC 12,152 12,090 63 0.52
Date P/E Div. Yield P/E Div. Yield
11-Oct 26.78 1.21 26.11 1.32
Month Ago 26.20 1.24 27.13 1.39
Year Ago 21.86 1.31 24.75 1.31
Nifty 50 Top 3 Gainers
Company 11-Oct Prev_Day
% Change
Cipla 441 422 4.55
Vedanta Limited 147 141 4.18
Infosys 815 783 4.05
Nifty 50 Top 3 Losers Domestic News
Company 11-Oct Prev_Day
% Change
Yes Bank 40 41 -3.30
Indian Oil 143 148 -3.24
GAIL 125 127 -1.88
Advance Decline Ratio
Advances 1105 879
Declines 1366 952
Unchanged 157 111
Institutional Flows (Equity)
Description (Cr)
FII Flows* 51228
MF Flows** 55313
Oct 2019; **10
Oct 2019
Economic Indicator
YoY(%) Current Year Ago
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
14 October 2019
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 Market
Indices Performance
P/E Dividend Yield
Indian equity markets gained on the last day of the week. Positive global cues
supported sentiment as Brexit concerns eased and investors expected U.S. and
China to crack a partial trade deal in their ongoing negotiations. Markets were
also upbeat over the good start to the earnings season with the leading IT
company beating expectations.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.65% and 0.63%
to close at 38,127.08 and 11,305.05, respectively. S&P BSE MidCap and S&P BSE
SmallCap gained 0.24% and 0.38%, respectively.
The overall market breadth on BSE was weak with 1,105 scrips advancing and
1,366 scrips declining. A total of 186 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Metal was the major gainer, up 2.44%,
followed by S&P BSE IT, up 1.74%, and S&P BSE Teck, up 1.57%. S&P BSE Oil &
Gas was the major loser, down 0.41%, followed by S&P BSE Energy, down
0.41%, and S&P BSE Utilities, down 0.08%.
Government data released showed Index of Industrial production (IIP) shrunk
1.1% in Aug 2019 compared with 4.3% growth in Jul 2019 and 4.8% in Aug
2018. Manufacturing and electricity fell 1.2% and 0.9% in Aug against 5.2% and
7.6% growth in Aug 2018, respectively. From Apr to Aug 2019, IIP growth
eased to 2.4% YoY from 5.3% recorded in the corresponding period last year.
USE-based classification showed, consumer durables output dropped 9.1% YoY
in Aug 2019 compared with 5.5% rise a year ago while
infrastructure/construction goods output fell 4.5% from 8.0% rise in the year-
ago period.
India’s passenger vehicle sales declined 23.7% YoY in Sep 2019 to 2,23,317
units compared with 2,92,660 units sold in the year-ago period, media reports
cited Society of Indian Automobile Manufacturers (SIAM) data. This marks the
11th straight consecutive month of decline. Passenger car sales declined 33.4%
to 1,31,281 units in Sep, according to SIAM. Vehicle sales across categories in
Sep fell 22.4% YoY to 2,004,932 units due to a slowdown in the economy,
floods in some states and lack of credit availability from financial institutions.
India’s second largest software exporter by revenue Infosys Ltd’s net profit
for the second quarter ended Sep 2019 grew 6.2% to Rs. 4,037 crore from Rs.
3,802 crore in the previous quarter ended Jun 2019. Revenue grew 3.8%
sequentially to Rs. 22,629 crore from Rs. 21,803 crore in the previous quarter.
The company increased the lower end of its FY20 revenue guidance revising it
to 9-10% from 8.5-10% earlier, on the back of strong large deal momentum
and market share gains. Annually, Infosys’s net profit declined 2.2%.
India’s largest information technology services company by revenue Tata
Consultancy Services Ltd’s (TCS) revenue grew 8.4% YoY at Rs. 38,977 crore for
the quarter ended Sep 2019. Profit was up 1.8% YoY at Rs. 8,042 crore. The
company missed expectations on both counts. TCS saw single digit growth in
this quarter after four successive quarters of double digit growth, mainly on
account of volatility in the financial services sector.
Asian equity markets gained on positive developments in U.S.-China trade
talks. The U.S. President hinted that the two countries are progressing well in
the trade talks while Chinese media reported that Beijing was willing to forge
an agreement to avoid further escalation. Today (as of Oct 14), Asian markets
opened higher on renewed hopes of U.S.-China trade talks. Both Nikkei and
Hang Seng were trading up 1.15% and 0.75%, respectively (as at 8.a.m. IST).
European markets went up as the first day of trade talks between U.S. and
China ended with markets hoping for a partial trade deal. A limited deal would
delay increases in U.S. tariffs planned for next week. U.S. President described
the discussions as “very, very good”.
U.S. markets gained after the President said China and the U.S. have reached
the first phase of an important trade deal. This would then delay tariff hikes
that were to start next week.
Markets for You