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28 Aug 2020
Markets for You
Global Indices
Global Indices 27-Aug Prev_Day Abs. Change
% Change
Russell 3000 1,804 1,808 -3 -0.19
Nasdaq 11,625 11,665 -40 -0.34
FTSE 6,000 6,046 -46 -0.75
Nikkei 23,209 23,291 -82 -0.35
Hang Seng 25,281 25,492 -211 -0.83
Indian Indices 27-Aug Prev_Day Abs. Change
% Change
S&P BSE Sensex 39,113 39,074 40 0.10
Nifty 50 11,559 11,550 10 0.08
Nifty 100 11,709 11,694 15 0.13
Nifty 500 9,581 9,567 14 0.14
Nifty Bank 23,600 23,414 186 0.80
S&P BSE Power 1,733 1,740 -6 -0.36
S&P BSE Small Cap 15,026 14,973 52 0.35
S&P BSE HC 19,312 19,153 159 0.83
Date P/E Div. Yield P/E Div. Yield
27-Aug 28.47 0.98 32.67 1.45
Month Ago 25.42 1.02 29.18 1.44
Year Ago 26.39 1.23 27.47 1.33
Nifty 50 Top 3 Gainers
Company 27-Aug Prev_Day
% Change
IndusInd Bank 606 568 6.73
Tata Motors 144 138 4.60
M&M 637 613 3.82
Nifty 50 Top 3 Losers Domestic News
Company 27-Aug Prev_Day
% Change
ONGC 80 81 -1.54
Bajaj Auto 3043 3082 -1.27
RIL 2111 2137 -1.25
Advance Decline Ratio
Advances 1407 951
Declines 1464 934
Unchanged 175 102
Institutional Flows (Equity)
Description (Cr)
FII Flows* 34219
MF Flows** 23218
Aug 2020; **25
Aug 2020
Economic Indicator
YoY(%) Current Year Ago
Data as on 26 Aug, 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
28 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
Quarter Ago
Indian equity markets edged up higher, led by gains in the realty sector,
after Maharashtra govt. announced a cut in stamp duty and other levies for
buying and selling of properties in urban and rural areas.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.1% and 0.08%
to close at 39,113.47 and 11,559.25 respectively.
The overall market breadth on BSE was weak with 1,407 scrips advancing
and 1,464 scrips declining. A total of 175 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Realty was the major gainer, up 6.63%
followed by S&P BSE Auto, up 0.95% and S&P BSE Consumer Durables, up
0.89%. S&P BSE Energy was the major loser, down 1.05% followed by S&P
BSE Oil & Gas, down 0.82% and S&P BSE Telecom, down 0.61%.
As per media reports, Center has directed the states to borrow from the
market up to Rs. 2.35 trillion to meet the FY21 revenue deficit under the
Goods and Services Tax (GST). Government offered the states two options:
either to borrow up to Rs. 97,000 crore, which is a default in compensation
as set out in a legal formula, or the entire Rs. 2.35 trillion. The borrowing
burden would not fall to governments but would be met by extending the
prohibition of sin and luxury goods. Through talking to Reserve Bank of
India (RBI), the Center would encourage borrowing so that each state
would not rush to the market and increase bond yields.
According to a report by the World Trade Organisation, Covid 19-induced
limitations on travel have had a negative effect on the global trade in
services. This was despite Mode 4 Trade, which made it possible for
individuals to travel across borders, comprising just 3 percent of world
trade in services.
According to a major credit rating agency, the apparel retail sector is
estimated to see a 40% - 45% drop in revenues during FY21, and this year's
festive season is expected to see demand recovery if COVID-19-related
fears subside.
Securities and Exchange Board (Sebi) extended the timeframe for proxy
advisors' compliance with the procedural guidelines released earlier this
month to Jan 1, 2021 from 1 Sep 2020. The market regulator said the
timeframe was extended after taking into account requests received from
registered proxy advisors and the prevailing industry and market conditions
due to the pandemic of Covid-19.
Pharma major Dr Reddy's Laboratories has launched generic Penicillamine
capsules, used for treatment of Wilson's disease and cystinuria, in the US
market. The product is a generic version of Bausch Health Companies Inc's
Cuprimine capsules in the same strength.
Credit rating firm ICRA has reported a 17% YoY drop in consolidated net
profit to Rs. 17.04 crore in the June quarter of 2020. Total income also fell
to Rs. 80.79 crore during the reported period from Rs. 88.69 crore a year
Asian markets witnessed a mixed trend as investors keenly awaited the
speech by the Fed chairman, scheduled later during the day for further cues
on the U.S. central bank’s policy stance. Meanwhile, tension between U.S.
and China over South China Sea rekindled which kept investors wary. Today
(as on August 28), Asian markets were mixed as investors react to
developments from the U.S. Fed. Both Nikkei and Hang Seng were trading
higher 0.07% and 0.60%, respectively (as at 8 a.m. IST).
European markets fell, despite after the U.S. Federal Reserve (Fed)
Chairman outlined historic changes to central bank’s monetary policy
strategy. Concerns over rising U.S.-China tensions and lingering worries
about the impact of the coronavirus pandemic rendered the mood
U.S. markets closed on a mixed note after U.S. Fed Chairman announced a
widely expected shift with regard to the price-stability side of the central
bank's dual mandate.
Markets for You