Global Indices
Global Indices 23-Oct Prev_Day Abs. Change
Russell 3000 1,303 1,300 3 0.23
Nasdaq 8,120 8,104 15 0.19
FTSE 7,261 7,212 48 0.67
Nikkei 22,625 22,549 76 0.34
Hang Seng 26,567 26,786 -219 -0.82
Indian Indices 23-Oct Prev_Day Abs. Change
S&P BSE Sensex 39,059 38,964 95 0.24
Nifty 50 11,604 11,588 16 0.14
Nifty 100 11,762 11,750 13 0.11
Nifty 500 9,459 9,448 10 0.11
Nifty Bank 29,460 29,411 48 0.16
S&P BSE Power 2,001 1,986 15 0.75
S&P BSE Small Cap 13,223 13,190 33 0.25
S&P BSE HC 12,861 12,832 29 0.22
Date P/E Div. Yield P/E Div. Yield
23-Oct 26.92 1.18 26.75 1.29
Month Ago 27.42 1.18 28.52 1.32
Year Ago 21.61 1.32 24.41 1.32
Nifty 50 Top 3 Gainers
Company 23-Oct Prev_Day
HCL Tech 1095 1064 2.88
Eicher Motors 20521 19979 2.71
Maruti 7440 7256 2.54
Nifty 50 Top 3 Losers Domestic News
Company 23-Oct Prev_Day
Adani Ports & SEZ 396 421 -5.86
Bharti Airtel 360 374 -3.68
Zee Ente. 242 250 -3.33
Advance Decline Ratio
BSE NSE
Advances 1209 911
Declines 1275 910
Unchanged 203 129
Institutional Flows (Equity)
Description (Cr)
FII Flows* 60188
MF Flows** 57510
*23
rd
Oct 2019; **22
nd
Oct 2019
Economic Indicator
YoY(%) Current Year Ago
CPI
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
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 got back to their winning ways as sentiment buoyed over
corporate earnings and progress in U.S.-China trade talks. The two countries
seem to be coming closer to signing a partial deal. On the earnings front, the cut
in corporate tax rate by the government recently is bearing results as a major
automaker gained from it and beat earnings expectations.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.24% and 0.14%
to close at 39,058.83 and 11,604.10, respectively. S&P BSE MidCap lost 0.08%
and S&P BSE SmallCap gained 0.25%.
• The overall market breadth on BSE was weak with 1,209 scrips advancing and
1,275 scrips declining. A total of 203 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Auto was the major gainer, up 1.18%,
followed by S&P BSE IT, up 1.15%, and S&P BSE Consumer Durables, up 0.8%.
S&P BSE Telecom was the major loser, down 3.04%, followed by S&P BSE Oil &
Gas, down 1.45%, and S&P BSE Energy, down 1.43%.
• Media reports showed the government has relaxed fuel retailing regulations to
allow non-oil companies to set up petrol pumps. This is being done to increase
competition. Information & Broadcasting minister said the opening of fuel
retailing will increase investment and competition. Presently, to get a fuel
retailing licence in India, a company needs to invest Rs. 2,000 crore in either
hydrocarbon exploration and production, refining, pipelines or liquefied natural
gas (LNG) terminals.
• A major global rating agency said Indian financial sector is facing rising risk of
contagion and failure of any large finance company will adversely impact
economic growth. A bank failure could disturb interbank market, payments,
upset credit availability and unfavorably affect economic growth, according to
the report.
• The Cabinet has approved agreements signed with other countries in various
fields like traditional medicine, and science and technology. These included
administrative arrangement on cooperation in the field of Railways between the
Ministry of Railways and the Directorate General for Mobility and Transport of
the European Commission.
• The government has decided to merge two public sector undertakings (PSUs)
BSNL and MTNL under its revival package. The package will help the loss-making
telecom PSUs raise sovereign bonds, monetise assets and provide voluntary
retirement scheme (VRS) for employees. Till the time the two firms are merged,
MTNL will be a subsidiary of BSNL. MTNL is listed but has its net worth already
eroded. BSNL is unlisted.
• Bajaj Auto’s second quarter profit increased 22% to Rs. 1402 crore as the
company benefitted from a tax expense reversal of Rs. 182 crore due to the
recent lowering of corporate tax rate. The earnings were better than expected.
Revenue from operations dipped 4% YoY to Rs. 7,707 crore. Total volumes
during the quarter slid 12% to 1,173,591 units compared with 1,339,444 units in
the same quarter of the previous quarter.
• HCL Technologies’ consolidated net profit grew 6.9% to Rs. 2,711 crore for the
Sep 2019 quarter compared with Rs. 2,534 crore in the year-ago period. The
company raised its revenue growth forecast to 17% for FY20.
• Asian equity markets were mostly lower as Brexit uncertainty deepened after
British lawmakers rejected U.K. Prime Minister’s plan to fasten his Brexit deal
through parliament. The Prime Minister said it was now up to the European
Union to take a call on whether it wanted to delay Brexit and till what time.
Today (as of Oct 24), Asian markets were down as the Brexit process looked
delayed after the U.K. parliament rejected the Prime Minister’s fast-track plan to
meet the deadline. Both Nikkei and Hang Seng were trading down 0.12% and
0.08%, respectively (as at 8.a.m. IST).
• European markets gained as U.K. lawmakers voted in favour of Prime Minister’s
Withdrawal Agreement Bill. They, however, rejected plans to get Brexit
approved within three days. The ball is now in the European Union’s court for a
verdict on whether to grant an extension to the Oct 31, 2019, deadline and for
how long.
• U.S. markets were up a tad as corporate earnings optimism overcame the lower
than expected results of a couple of industry majors. The third-quarter earnings
season of U.S. companies has mostly beat expectations.