Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
31 Aug 2020
Markets for You
Global Indices
Global Indices 28-Aug Prev_Day Abs. Change
% Change
#
Russell 3000 1,815 1,804 11 0.60
Nasdaq 11,696 11,625 70 0.60
FTSE 5,964 6,000 -36 -0.61
Nikkei 22,883 23,209 -326 -1.41
Hang Seng 25,422 25,281 141 0.56
Indian Indices 28-Aug Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 39,467 39,113 354 0.90
Nifty 50 11,648 11,559 88 0.76
Nifty 100 11,792 11,709 82 0.70
Nifty 500 9,641 9,581 60 0.63
Nifty Bank 24,524 23,600 923 3.91
S&P BSE Power 1,736 1,733 2 0.14
S&P BSE Small Cap 14,991 15,026 -35 -0.23
S&P BSE HC 19,279 19,312 -34 -0.17
Date P/E Div. Yield P/E Div. Yield
28-Aug 28.98 0.96 32.92 1.43
Month Ago 25.68 1.00 29.87 1.49
Year Ago 26.23 1.24 27.33 1.34
Nifty 50 Top 3 Gainers
Company 28-Aug Prev_Day
% Change
#
IndusInd Bank 666 606 9.87
Axis Bank 509 473 7.64
United Phos 519 497 4.53
Nifty 50 Top 3 Losers Domestic News
Company 28-Aug Prev_Day
% Change
#
JSW Steel 281 289 -2.97
Hero Moto 3059 3142 -2.62
Power Grid 182 185 -1.57
Advance Decline Ratio
BSE NSE
Advances 1249 750
Declines 1655 1147
Unchanged 161 100
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 35652
MF Flows** 22796
*28
th
Aug 2020; **26
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 27 Aug, 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
31 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
-413
1433
7.22%
(Apr-20)
Indian equity markets closed higher led by gains in the banking stocks,
which rose on hopes of better earning outlook. Positive global cues
generated by optimism over the recent developments of the coronavirus
treatment continued to boost market sentiments.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.9% and 0.76%
to close at 39,467.31 and 11,647.60 respectively.
The overall market breadth on BSE was weak with 1,249 scrips advancing
and 1,655 scrips declining. A total of 161 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Bankex was the major gainer, up 4%
followed by S&P BSE Telecom, up 2.44% and S&P BSE Finance, up 2.32%.
S&P BSE Auto was the major loser, down 0.86% followed by S&P BSE
Utilities, down 0.85% and S&P BSE IT, down 0.58%.
According to the chairman of Niti Aayog, the business environment in India
has continued to improve and the government will work hard to make India
one of the easiest countries to invest and build wealth. The chairman also
emphasized that the Government's attention would be on the vision of
Prime Minister 's ease of living for Indian people.
Secretary of Housing and Urban Affairs welcomed the decision of the
Maharashtra government to reduce the stamp duty on property
registration and urged other states to do the same to raise demand in the
real estate sector. The secretary said Rs. 9,300 crore investment has been
authorised from Rs. 25,000 crore stress fund, which was set up to complete
the countrywide stalled housing projects.
According to a major credit rating company, rural demand can contribute to
economic recovery but cannot act as a replacement for urban demand.
While the industrial and service sectors continue to struggle to recover
from COVID-19's adverse effects, the agricultural sector may become an
engine for economic recovery. However, it said much of rural demand,
given the encouraging sales of motorcycles / tractors in June 2020, comes
from non-durables consumers.
India’s single largest iron ore producer, state-owned NMDC’s board had
approved a proposal to demerge NMDC Iron & Steel Plant. The three-
million-tonne (mt) steel plant is the only greenfield project slated for
commissioning in the near term.
ICICI Bank has sold 2% stake in its subsidiary firm ICICI Securities Ltd
through an open market transaction for Rs. 310 crore.
Asian markets witnessed a mixed trend as concerns about the Japanese
Prime Minister's chronic health issues coupled with political deadlock in U.S.
over stimulus measures to counter the menace of COVID-19 neutralised the
U.S. Federal Reserve's dovish gesture to achieve inflation averaging 2%
over time. Today (as on August 31), Asian markets were higher as the
number of reported Covid-19 cases globally crosses the 25 million mark.
Both Nikkei and Hang Seng were trading higher 1.64% and 1.04%,
respectively (as at 8 a.m. IST).
European markets fell on concerns about global growth amid rising
coronavirus cases in Spain, France and Italy. Weak economic data out of
Germany and France, add to the downside.
U.S. markets rose on optimism about the economic recovery following the
coronavirus crisis, which has helped lift the market well off their Mar 2020
lows.
Markets for You