Global Indices
Global Indices 05-Sep Prev_Day Abs. Change
Dow Jones 25,975 25,952 23 0.09
Nasdaq 7,995 8,091 -96 -1.19
FTSE 7,383 7,458 -75 -1.00
Nikkei 22,581 22,697 -116 -0.51
Hang Seng 27,244 27,973 -729 -2.61
Indian Indices 05-Sep Prev_Day Abs. Change
S&P BSE Sensex 38,018 38,158 -140 -0.37
Nifty 50 11,477 11,520 -43 -0.38
Nifty 100 11,751 11,799 -48 -0.41
Nifty Bank 27,376 27,431 -55 -0.20
SGX Nifty 11,520 11,549 -29 -0.25
S&P BSE Power 2,075 2,073 2 0.10
S&P BSE Small Cap 16,728 16,815 -87 -0.52
S&P BSE HC 15,820 15,716 103 0.66
Date P/E Div. Yield P/E Div. Yield
5-Sep 24.35 1.17 27.90 1.17
Month Ago 23.97 1.18 28.23 1.18
Year Ago 23.69 1.23 25.97 0.94
Nifty 50 Top 3 Gainers
Company 05-Sep Prev_Day
Yes Bank 344 334 2.92
Aurobindo Pharma 697 677 2.90
Vedanta Limited 229 225 2.07
Nifty 50 Top 3 Losers Domestic News
Company 05-Sep Prev_Day
Bharti Infratel 271 284 -4.47
HUL 1612 1651 -2.39
Zee Ente. 482 493 -2.17
Advance Decline Ratio
BSE NSE
Advances 981 601
Declines 1784 1228
Unchanged 166 75
Institutional Flows (Equity)
Description (Cr)
FII Flows* -1851
MF Flows** 76978
*5
th
Sep 2018; **3
rd
Sep 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 fell, weighed down by sliding rupee. Investor
sentiments dented further as final reading of a private survey showed that
the domestic service sector expanded at a slower pace on MoM basis in
Aug as weaker demand and rising input costs restricted hiring. Global cues
too played a spoilsport as heightened worries over international trade
conflicts curbed investors' appetite for riskier assets.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.37% and
0.38% to close at 38,018.31 and 11,476.95, respectively. S&P BSE Small
Cap and S&P BSE Mid Cap slipped 0.52% and 0.61% respectively.
• On the BSE sectoral front, majority of the indices closed in the red. S&P
BSE Telecom was the major loser, down 2.24%, followed by S&P BSE
Consumer Durables and S&P BSE FMCG, which fell 1.85% and 1.10%,
respectively. S&P BSE Capital Goods and S&P BSE Energy slipped 1.02%
and 0.98%, respectively. Meanwhile, S&P BSE Metal was the top gainer,
up 1.13%, followed by S&P BSE Healthcare and S&P BSE Basic Materials,
which inched up 0.66% and 0.29%, respectively.
• The Nikkei India Services Purchasing Managers' Index (PMI) fell to 51.5
in Aug 2018 from 54.2 in Jul 2018. The downside reflects weakest growth
in new work in three months. Seasonally adjusted Nikkei India Composite
PMI Output Index fell to 51.9 in Aug as against 54.1 in Jul due to weaker
growth in both the manufacturing and service sectors.
• A new return form has been notified by the government for goods and
services tax (GST) that will have to filed for the full year. GSTR-9 return is
for the normal taxpayers and GSTR-9A is for composition taxpayers. The
tax payers have to file the annual return form for 2017-18 by Dec 31,
2018. Besides the monthly and quarterly returns, the tax payers had to file
an annual return from the very beginning, however, the annual format
was not notified following compliance and IT issues.
• An expert panel set up by the government has suggested simplification
of imposition of penalties for minor violations of Companies Act. Minor
violations include violations related to technical defaults and corporate
governance. Meanwhile, the panel has decided to treat contraventions,
such as non-disclosure of by a director regarding an interest in a contract
or an agreement, as a serious offence. The current mechanism of penalty
and prosecution by courts will continue for these types of offence.
• Tata Capital Financial Services has announced to raise up to Rs. 75 billion
through sale of non-convertible debentures which also includes tier-II
capital bonds of up to Rs. 15 billion. The issue has been announced to
commence on Sep 10.
• A major credit rating company has withdrawn the ‘D’ rating of Reliance
Infrastructure after the company repaid its Non-Convertible Debentures
(NCDs) of Rs. 710 crore. The company repaid the NCDs from the funds
received through sale of Integrated Mumbai Distribution Business to
Adani Transmission.
• Monnet Ispat and Energy Ltd (MIEL) announced its acquisition by JSW
Steel and its promoters after MIEL completed its insolvency resolution
proceedings.
• Asian markets traded lower on worries over U.S. tariff imposition on
Chinese goods which might further impact the other emerging markets.
However, downside was limited on improved economic data across the
region as China's services sector continued to expand in Aug, albeit at a
slower rate while, the services sector in Japan continued to expand in the
same month, and at a faster rate. Today (as of Sep 06), Asian markets
opened lower following losses in U.S. Wall Street amid sell-off in tech
stocks. Both Nikkei and Hang Seng were trading down 0.26% and 0.11%,
respectively (as at 8.a.m. IST).
• As per the last close, European markets closed lower as worries over
crisis in emerging markets and trade tensions between the U.S. and major
economies weighed on investor’s sentiments.
• As per the last close, U.S. markets closed mostly lower as ongoing trade
tensions between the U.S. and its key partners. A sharp drop in global
crude oil prices also weighed on investor’s sentiments. Decline in major
tech companies also weighed on market.