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24 Aug 2020
Markets for You
Global Indices
Global Indices 21-Aug Prev_Day Abs. Change
% Change
#
Russell 3000 1,752 1,743 9 0.50
Nasdaq 11,312 11,265 47 0.42
FTSE 6,002 6,013 -11 -0.19
Nikkei 22,920 22,881 40 0.17
Hang Seng 25,114 24,791 322 1.30
Indian Indices 21-Aug Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,435 38,220 214 0.56
Nifty 50 11,372 11,312 59 0.53
Nifty 100 11,536 11,479 57 0.49
Nifty 500 9,424 9,369 55 0.58
Nifty Bank 22,300 21,999 300 1.36
S&P BSE Power 1,743 1,695 48 2.83
S&P BSE Small Cap 14,625 14,422 204 1.41
S&P BSE HC 19,228 19,089 139 0.73
Date P/E Div. Yield P/E Div. Yield
21-Aug 27.74 1.00 32.08 1.47
Month Ago 25.19 1.01 29.01 1.44
Year Ago 26.05 1.25 27.01 1.35
Nifty 50 Top 3 Gainers
Company 21-Aug Prev_Day
% Change
#
NTPC 106 101 4.80
Asian Paints 1958 1875 4.43
Power Grid 189 181 4.36
Nifty 50 Top 3 Losers Domestic News
Company 21-Aug Prev_Day
% Change
#
Zee Ente. 192 199 -3.71
Hindalco 196 199 -1.38
ONGC 81 82 -1.34
Advance Decline Ratio
BSE NSE
Advances 1803 1214
Declines 1011 679
Unchanged 162 90
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 29311
MF Flows** 24426
*21
st
Aug 2020; **17
th
Aug 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
6.93%
(Jul-20)
3.15%
(Jul-19)
IIP
-16.60%
(Jun-20)
1.30%
(Jun-19)
GDP
3.10%
(Mar-20)
5.70%
(Mar-19)
[1]
Data as on 20 Aug, 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
24 August 2020
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
Indices Performance
P/E Dividend Yield
Sensex
Nifty
-18.30%
(Mar-20)
4.10%
(Dec-19)
Quarter Ago
Inflow/Outflow
-570
-161
7.22%
(Apr-20)
Indian equity markets closed in the green led by positive global cues. Media
reports stating that U.S. and China have agreed to hold new trade talks in
the coming days helped offset gloom over downbeat U.S. weekly jobless
claims data released overnight.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.56% and
0.53% to close at 38,434.72 and 11,371.60 respectively.
The overall market breadth on BSE was strong with 1,803 scrips advancing
and 1,011 scrips declining. A total of 162 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Power was the major gainer, up 2.83%
followed by S&P BSE Utilities, up 2.63% and S&P BSE Realty, up 1.43%. S&P
BSE Telecom was the major loser, down 0.8% followed by S&P BSE Energy,
down 0.6% and S&P BSE Teck, down 0.48%.
A major global credit rating agency warned that the COVID-19 pandemic
may lead to a sharp slowdown in India’s economic growth which may
adversely impact the asset quality of state run banks. This may lead to an
increase in new non -performing loans in the retail and micro, small and
medium enterprises (MSME) segments. As a result, state run banks may
require an external capital infusion of up to Rs. 2.1 lakh crore over the next
two years.
Data from Reserve Bank of India (RBI) showed that India’s foreign exchange
reserves fell for the first time in eight weeks to $535.25 billion as of the
week ended Aug 14, 2020 down from a record high of $538.19 billion in the
previous week.
RBI has directed banks to avoid frequent ad hoc review of loan facility for
businesses. The directive comes from the central bank as there has been an
increase in complaints that banks are quoting high differential interest
rates and not providing the necessary financial support to businesses.
According to media reports, the ministry of corporate affairs has initiated
discussions with various regulators including the Reserve Bank of India
(RBI), Securities and Exchange Board of India (SEBI), and the Department
for Promotion of Industry and Internal Trade (DPIIT) regarding setting up of
a unified compliance platform for Indian corporates. The objective of the
move is to improve the ease of doing business in the country by cutting
down on duplication of filings and integrating the MCA database with that
of other regulatory bodies.
YES Bank will sell its asset management arm YES Asset Management
Company (AMC) and YES Trustee to GPL Finance and Investments (GPLFI)
owned by White Oak Investment Management. However, the value of the
deal was not disclosed.
Flipkart has entered into a strategic alliance with Sastodeal from Nepal, a
development that will help Flipkart sellers' lakhs gain access to the e-
commerce market in the neighboring country.
Asian markets edged higher as encouraging news on the coronavirus
vaccine front underpinned investor sentiments. Further, news regarding
agreement on fresh trade talks between U.S. and China too contributed to
the upside. Today (as on August 24), Asian markets rose following rise on
the Wall Street overnight. Both Nikkei and Hang Seng were trading higher
0.15% and 1.44% (as at 8 a.m. IST), respectively.
European markets fell for the second consecutive session after a flash
report by IHS Markit showed euro area private sector grew at a slower pace
following a rebound data.
U.S. markets rose after a report from IHS Markit showed U.S. business
activity expanded at the fastest pace in over a year in Aug 2020. Also a
report by NAR showed U.S. existing home sales continued to improve in Jul
2020, added to the upside.
Markets for You