Global Indices 28-Apr Prev_Day Abs. Change
Russell 3000 2,111 2,118 -6 -0.31
Nasdaq 14,051 14,090 -39 -0.28
FTSE 6,964 6,945 19 0.27
Nikkei 29,054 28,992 62 0.21
Hang Seng 29,071 28,942 130 0.45
Indian Indices 28-Apr Prev_Day Abs. Change
S&P BSE Sensex 49,734 48,944 790 1.61
Nifty 50 14,865 14,653 212 1.44
Nifty 100 15,005 14,808 197 1.33
Nifty 500 12,518 12,363 155 1.26
Nifty Bank 33,723 32,735 987 3.02
S&P BSE Power 2,499 2,470 30 1.21
S&P BSE Small Cap 21,658 21,507 152 0.71
S&P BSE HC 23,321 23,344 -23 -0.10
Date P/E Div. Yield P/E Div. Yield
28-Apr 33.59 0.81 32.72 0.96
Month Ago 34.26 0.73 39.51 1.09
Year Ago 19.44 1.21 21.00 1.62
Nifty 50 Top 3 Gainers
Company 28-Apr Prev_Day
Bajaj Finance 5281 4865 8.55
NA 2521 2400 5.05
IndusInd Bank 927 882 5.04
Nifty 50 Top 3 Losers Domestic News
Company 28-Apr Prev_Day
Britannia Industries Limited 3479 3541 -1.76
Hindalco 363 366 -1.00
HDFC Standard Life Insurance Com
673 679 -0.91
Advance Decline Ratio
Advances 1792 1204
Declines 1173 716
Unchanged 179 98
Institutional Flows (Equity)
FII Flows* 43727
MF Flows** -20391
Apr 2021; **26
YoY(%) Current Year Ago
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
29 April 2021
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
P/E Dividend Yield
• Indian equity markets extended the previous session’s rally, backed by
expectation over robust corporate earnings result for the Mar quarter and
vaccine optimism. Strong buying was seen in major stocks ahead of the U.S.
Fed interest rate decision.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 1.61% and
1.44% to close at 49,733.84 and 14,864.55 respectively.
• The overall market breadth on BSE was strong with 1,792 scrips advancing
and 1,173 scrips declining. A total of 179 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Bankex was the major gainer, up 3%
followed by S&P BSE Finance, up 2.85% and S&P BSE Auto, up 1.78%. S&P
BSE Realty was the major loser, down 0.49% followed by S&P BSE Metal,
down 0.29% and S&P BSE Capital Goods, down 0.1%.
• According to the Asian Development Bank (ADB), in FY22, India's economy
is projected to rise by 11%, amid successful vaccine campaign. The ADB has
warned that the rise in COVID-19 cases could jeopardise India's economic
• According IHS Markit, in FY22, India is expected to develop at a rate of 9.6%
real GDP growth, though the tighter restrictions predicted above suggest
that economic growth could be further slowed, as these steps will result in
wage and job losses for employees, also substantial production and
revenue losses for businesses, especially in the services sector and the
• According to a major credit rating agency, the second Covid-19 wave that
has consumed India has generated confusion, and a long-term outbreak
would stop India's economic recovery. If the government is forced to
reimpose large containment measures, the base assumption of 11% growth
in fiscal 2021/2022 may need to be revised. The country is already
experiencing a permanent loss of output compared to its pre-pandemic
level, implying a long-term production deficit of about 10% of GDP. The
Coronavirus pandemic increases the risk of market disruptions, in addition
to the significant loss of life and significant humanitarian concerns.
Negative credit spillovers to classified portfolios are still minimal, but the
situation is changing.
• The draft National Electricity Policy (NEP) which, under the Electricity Act,
2003 is a guiding policy for planning power generation, supply and
investment, has emphasised on increasing private participation, especially
in power distribution in its latest revision.
• Info Edge announce selling its stake worth Rs. 750 crore in the initial public
offering (IPO) of its investee company Zomato.
• Britannia Industries reported 3% decline in consolidated net profit at Rs.
360.07 crore in the quarter ended Mar 2021 as against consolidated net
profit of Rs. 372.35 crore in the same quarter a year ago. The increase in
profit came due to rise in commodity prices.
• Asian equity markets inched up amid caution trade as investors awaited the
outcome of the U.S. FOMC meeting later in the day for further insight into
the central bank's stance on inflation and bond purchases. Today (as on Apr
29), markets are trading higher in reaction to U.S. Fed’s decision to keep its
easy money policy in place. While Nikkei is closed due to public holiday,
Hang Seng is up 0.84% (as at 8:00 AM IST).
• European markets went up as investors cheered a batch of strong
corporate earnings result and awaited policy cues from a Federal Reserve
meeting later in the day.
• U.S. markets largely remained low after Fed left interest rates and asset
purchases unchanged in its latest policy meeting even as the central bank
upgraded its assessment of the U.S. economy.