Global Indices
Global Indices 25-Sep Prev_Day Abs. Change
Dow Jones 26,492 26,562 -70 -0.26
Nasdaq 8,007 7,993 14 0.18
FTSE 7,508 7,458 49 0.66
Nikkei 23,940 Closed NA NA
Hang Seng Closed 27,499 NA NA
Indian Indices 25-Sep Prev_Day Abs. Change
S&P BSE Sensex 36,652 36,305 347 0.96
Nifty 50 11,067 10,967 100 0.91
Nifty 100 11,288 11,186 102 0.91
Nifty Bank 25,330 24,970 360 1.44
SGX Nifty 11,139 11,040 100 0.90
S&P BSE Power 1,987 1,993 -6 -0.30
S&P BSE Small Cap 15,221 15,334 -113 -0.74
S&P BSE HC 15,432 15,167 266 1.75
Date P/E Div. Yield P/E Div. Yield
25-Sep 23.30 1.24 26.91 1.21
Month Ago 24.63 1.16 28.06 1.16
Year Ago 23.54 1.23 25.71 0.96
Nifty 50 Top 3 Gainers
Company 25-Sep Prev_Day
HDFC Ltd. 1773 1719 3.18
Kotak Bank 1183 1149 3.02
Axis Bank 614 597 2.85
Nifty 50 Top 3 Losers Domestic News
Company 25-Sep Prev_Day
Indiabulls HFC 930 982 -5.33
Bharti Infratel 269 278 -3.06
Yes Bank 220 226 -2.96
Advance Decline Ratio
BSE NSE
Advances 1018 664
Declines 1646 1186
Unchanged 161 69
Institutional Flows (Equity)
Description (Cr)
FII Flows* -9070
MF Flows** 82077
*25
th
Sep 2018; **21
st
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
• Government data showed that India’s fiscal deficit for Apr-Aug 2018
came in at Rs. 5.91 lakh crore, or 94.7% of the budgeted target for FY19
against 96.1% in the year-ago period. Net tax receipts were Rs. 3.66 lakh
crore or 24.7% of the budget estimate for FY19 compared with 27.8% in
the corresponding period of the previous year. The government’s total
expenditure for the period from Apr to Aug of 2018 stood at Rs. 10.70
lakh crore or 43.8% of the budget estimate for FY19 compared with 44.3%
in the corresponding period of the previous year.
• Open market operations (OMO) will be conducted by the Reserve Bank
of India (RBI) to purchase government bonds to infuse liquidity of Rs.
10,000 crore. The decision is based on an assessment of prevailing
liquidity conditions as well as the durable liquidity requirements going
forward. The purchase that will be done of Sep 27, 2018 will happen
through multi-security auction using the multiple price method. The RBI
will purchase government securities maturing in 2020 bearing interest
rate of 7.80%, 2022 carrying interest rate of 8.20%, 2025 with interest
rate of 7.72 and 2027 with interest rate of 6.79 and 2031 carrying rate of
6.68%.
• According to a report from a credit bureau, retail loans given by banks
and NBFCs are urban centric. Eight top cities accounted for approximately
half of the loans lent by them in the first quarter of 2018. Eight biggest
urban agglomerations include Mumbai, National Capital Region (NCR),
Chennai, Kolkata, Hyderabad, Bengaluru, Pune and Ahmedabad and are
collectively known as Tier-1 cities. These cities had a share of 46.5% and
39.3% in aggregate origination balances and origination volumes
respectively in Q1 2018.
• The Securities and Exchange Board of India (SEBI) has asked credit rating
agencies to review borrowers immediately when their bond prices crash.
Also, the market regulator has asked the agencies to place securities of
such borrowers on ‘rating watch’ if their prices weaken. SEBI wants that
rating agencies should take cues from the market to assess the bond
issuers.
• Indian equity markets ended in the green on Sep 25, 2018, after
witnessing five straight sessions of heavy sell-off. Gains were supported
by investors hunting for bargains in recently battered stocks in sectors
such as healthcare, IT, consumer durables, auto and banks. Also, the
finance minister and the Reserve Bank of India had on said on Sep 24,
2018, that all required steps will be taken to ensure adequate liquidity in
the system.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.96% and
0.91% to close at 36,652.06 and 11,067.45, respectively. S&P BSE Mid-Cap
grew 0.36% while S&P BSE Small Cap declined 0.74%.
• The overall market breadth on BSE was weak with 1018 scrips advancing
and 1646 scrips declining. A total of 161 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Healthcare stood as the major
gainer, up 1.75% followed by S&P BSE Bankex that grew 1.39%. S&P BSE
Finance and S&P BSE Fast Moving Consumer Goods grew 1.26% and
1.16%, respectively. S&P BSE Auto and S&P BSE Basic Materials grew 1%
and 0.66%, respectively. S&P BSE Realty and S&P BSE Utilities were the
major losers, down 1.67% and 0.94%.
• Asian equity markets ended mixed on trade war worries, rising crude oil
prices and weak overnight Wall Street cues. Also, investors are
anticipating the U.S. Federal Reserve could raise interest rates at its
upcoming meeting on Sep 26, 2018. Today (as of Sep 26), Asian market
opened mixed following ongoing concern of its trade war with China.
Nikkei was trading down 0.15% while Hang Seng was trading up 0.67% (as
at 8.a.m. IST).
• As per the last close, European markets closed higher following rise in
crude oil prices. Also, reports of a compromise on Italy's budget among
the government coalition members boosted market sentiments. However,
investors remained cautious ahead of the U.S. Federal Reserve monetary
policy meeting to be announced on Sep 26.
• As per the last close, U.S. markets closed mixed. Market sentiments
dampened amid trade war concerns and as investors were cautious ahead
of the U.S. Federal Reserve monetary policy meeting to be announced on
Sep 26. However, unexpected improvement in consumer confidence in
Sep 2018 boosted some indices.