Global Indices 03-Sep Prev_Day Abs. Change
Russell 3000 1,281 1,294 -13 -1.01
Nasdaq 7,874 7,963 -89 -1.11
FTSE 7,268 7,282 -14 -0.19
Nikkei 20,625 20,620 5 0.02
Hang Seng 25,528 25,627 -99 -0.39
Indian Indices 03-Sep Prev_Day Abs. Change
S&P BSE Sensex 36,563 37,333 -770 -2.06
Nifty 50 10,798 11,023 -225 -2.04
Nifty 100 10,925 11,155 -230 -2.06
Nifty 500 8,802 8,978 -175 -1.95
Nifty Bank 26,824 27,428 -604 -2.20
S&P BSE Power 1,845 1,888 -43 -2.29
S&P BSE Small Cap 12,370 12,535 -165 -1.32
S&P BSE HC 12,772 12,875 -103 -0.80
Date P/E Div. Yield P/E Div. Yield
3-Sep 25.51 1.28 26.54 1.42
Month Ago 26.11 1.25 27.09 1.34
Year Ago 24.76 1.15 28.16 1.16
Nifty 50 Top 3 Gainers
Company 03-Sep Prev_Day
Tech Mahindra 705 694 1.56
NA NA NA NA
NA NA NA NA
Nifty 50 Top 3 Losers Domestic News
Company 03-Sep Prev_Day
Tata Steel 331 345 -3.91
IndusInd Bank 1344 1396 -3.71
Tata Motors 113 117 -3.47
Advance Decline Ratio
Advances 799 544
Declines 1637 1259
Unchanged 172 124
Institutional Flows (Equity)
FII Flows* 49211
MF Flows** 40410
Sep 2019; **28
YoY(%) Current Year Ago
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 ended deep in the red as investors reacted to a
series of dismal economic data released over the holiday-extended
weekend. Monday (Sep 2, 2019) was a public holiday on the occasion of
Ganesh Chaturthi. Official figures released on Aug 30, 2019, after market
hours, showed India’s Jun 2019 quarter gross domestic product (GDP)
came in at more than six-year low. GDP has fallen for the fifth
consecutive quarter. On top of this, core sector data and manufacturing
PMI, released on Sep 2, dropped as well. Manufacturing PMI touched a
15-month low. Adding to the woes was the steep fall in rupee on the back
of downbeat macroeconomic data and continued outflows by foreign
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 2.06% and
2.04% to close at 36,562.91 and 10,797.90, respectively. S&P BSE MidCap
and S&P BSE SmallCap lost 1.65% and 1.32%, respectively.
• On the BSE sectoral front, all sectors lost. S&P BSE Metal was the major
loser, down 3.23%, followed by S&P BSE Energy and S&P BSE Consumer
Durables, down 2.98% and 2.78%, respectively. S&P BSE Basic Materials
and S&P BSE Telecom lost 2.72% and 2.55%, respectively.
• Government data showed that the growth in the index of eight core
industries grew 2.1% in Jul 2019 against a revised growth of 0.7% in Jun
2019 (0.2% growth originally reported), and 7.3% in the same period of
the previous year. Crude oil growth fell the most by 4.4%, followed by
coal, refinery products and natural gas, down 1.4%, 0.9% and 0.5%,
respectively. The cement sector witnessed the maximum growth of 7.9%
followed by steel and electricity, which grew 6.6% and 4.2%, respectively.
• Nikkei India Manufacturing Purchasing Managers' Index (PMI) fell to
51.4 in Aug 2019 from 52.5 in Jul 2019 as sales expanded at the slowest
rate in 15 months and output growth and job creation were subdued.
Also, factories decreased input buying for the first time since May 2018.
Manufactured goods inventories decreased further in Aug, which is the
25th month of continuous depletion.
• A panel appointed by the Reserve Bank of India (RBI) has proposed that
a self-regulatory body make suitable benchmarks for trading corporate
loans in the secondary market, among others. The task force has
suggested that a self-regulatory body (SRB) of market participants be
made to develop appropriate benchmark rates for secondary market
purchase and sale of corporate loans. The SRB is expected to also finalise
detailed modalities and formulate guidelines. This comes after corporate
bonds were bought under the secondary market.
• Huawei Technologies Co. Ltd has said that if India bans the company, it
will delay the rollout of 5G services in the country by two-three years,
media reports showed. Huawei is facing global scrutiny over network
security concerns. The U.S. has been pushing allies to ban the company
from 5G networks on suspicions of espionage.
• In the first four months of FY20, Maruti Suzuki India Ltd stands as
India’s largest utility vehicle manufacturer with a market share of 25.46%.
The launch of multi-purpose vehicle XL6 has supported Maruti’s position
as it faces stiff competition from Hyundai Motor India Ltd and Mahindra
and Mahindra Ltd.
• Asian equity markets were mixed as investors traded cautiously as a
result of the prospect of more Brexit-related market unrest and the
uncertainty regarding trade talks between the U.S. and China. Today (as
of Sep 4), Asian markets were mixed as investors took stock of overnight
release of U.S. factory activity data for Aug 2019 showing contraction for
the first time since early 2016. Nikkei was trading down 0.01% and Hang
Seng was trading up 1.18% (as at 8.a.m. IST).
• European markets inched down on Brexit uncertainties and trade war
concerns. British opposition lawmakers have vowed to seize control of
the House of Commons and stop the U.K. leaving the European Union
without a deal on Oct 31. The U.K. Prime Minister also faced chances of
losing a vote on Brexit in parliament.
• U.S. markets declined as sentiment was soured because of the onset of
trade tariffs by the U.S. and China on each other’s goods. Weak
manufacturing data added to investor woes.