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04 Dec 2019
Markets for You
Global Indices
Global Indices 03-Dec Prev_Day Abs. Change
% Change
Russell 3000 1,364 1,370 -6 -0.46
Nasdaq 8,521 8,568 -47 -0.55
FTSE 7,159 7,286 -127 -1.75
Nikkei 23,380 23,530 -150 -0.64
Hang Seng 26,391 26,445 -53 -0.20
Indian Indices 03-Dec Prev_Day Abs. Change
% Change
S&P BSE Sensex 40,675 40,802 -127 -0.31
Nifty 50 11,994 12,048 -54 -0.45
Nifty 100 12,116 12,175 -59 -0.49
Nifty 500 9,743 9,798 -55 -0.56
Nifty Bank 31,613 31,871 -258 -0.81
S&P BSE Power 1,893 1,919 -26 -1.33
S&P BSE Small Cap 13,409 13,508 -99 -0.74
S&P BSE HC 13,446 13,518 -73 -0.54
Date P/E Div. Yield P/E Div. Yield
3-Dec 28.58 1.14 27.95 1.25
Month Ago 27.33 1.15 27.47 1.26
Year Ago 23.56 1.21 26.33 1.22
Nifty 50 Top 3 Gainers
Company 03-Dec Prev_Day
% Change
Bajaj Auto 3260 3159 3.18
Bajaj Finserv Limited 9090 8948 1.58
TCS 2051 2021 1.48
Nifty 50 Top 3 Losers Domestic News
Company 03-Dec Prev_Day
% Change
Yes Bank 60 64 -7.10
Bharti Infratel 248 266 -6.42
Tata Steel 400 421 -5.04
Advance Decline Ratio
Advances 836 573
Declines 1638 1264
Unchanged 200 115
Institutional Flows (Equity)
Description (Cr) YTD
FII Flows* 91584
MF Flows** 50091
Dec 2019; **28
Nov 2019
Economic Indicator
YoY(%) Current Year Ago
Data as on 02 Dec 2019
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
04 December 2019
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
Quarter Ago
Indian equity markets fell on weak global cues and cautiousness ahead of
the monetary policy meet of the Reserve Bank of India (RBI). The U.S.
President imposing tariffs on foreign steel and threatening tariffs on allies
like the European Union spooked markets across the globe. Expectations
are that the central bank will cut rates.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.31% and 0.45%
to close at 40,675.45 and 11,994.20 respectively. S&P BSE MidCap and S&P
BSE SmallCap lost 0.95% and 0.74% respectively.
The overall market breadth on BSE was weak with 836 scrips advancing and
1,638 scrips declining. A total of 200 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Realty was the major gainer, up 1.36%
followed by S&P BSE IT, up 0.59% and S&P BSE Teck, up 0.16%. S&P BSE
Metal was the major loser, down 2.67% followed by S&P BSE Basic
Materials, down 1.94% and S&P BSE Telecom, down 1.76%.
A major global credit rating agency has reaffirmed sovereign rating of India
at BBB- with stable outlook. The credit rating agency now expects the
Indian economy to perform better than its peer countries on the back of
strong growth over the next two years. However, the rating agency
cautioned that weakness in the real estate sector and financial sector may
adversely impact the growth prospects of the Indian economy. On a
separate note the rating agency also took note of core inflation which fell
sharply in Oct 2019 even though retail inflation surged to a 16-month high
in the same month. This indicates that consumer sentiment remains
subdued and hence the overall demand has weakened.
According to a major global credit rating agency, the non-banking financial
segment of the country will continue to face liquidity pressures. The credit
rating agency is of the view that challenging operating environment,
increasing competition may adversely impact the profitability of the non
banking financial companies. The rating agency also added that fall in
automobile sales and slowdown in the real estate sector has affected new
loan disbursements.
According to a major global credit rating agency, steel demand in India will
slow down on account of weak demand from the Indian manufacturing
sector and the automobile sector. However, the rating agency added that
protectionist measures such as import taxes and anti-dumping duties will
provide some protection to domestic steel producers.
The ministry of consumer affairs has halved the stock limit of onions for
retailers to 5 tonnes of onion while that of wholesalers have been halved to
25 tonnes of onions. The objective of the move is to put a check on illegal
hoarding of onions as price of onions is going up due to short supply in the
market. On a separate note, the government has ordered immediate
import of onions from Egypt and Turkey.
Asian equity markets were mostly down after the U.S. announced plans to
put tariffs on metal imports from Brazil and Argentina and proposed tariffs
against France in response to its new digital services tax. Also, U.S.
manufacturing data came in weak. Today (as of Dec 04), Asian markets were
lower after the U.S. President said overnight that he could delay a trade
deal with China till after the 2020 U.S. Presidential election. Both Nikkei and
Hang Seng were trading lower 1.08% and 1.42%, respectively (as at 8.a.m.
European markets closed lower after the U.S. President said that it might
be better to wait until after the 2020 election to sign a trade deal with
U.S. markets declined on trade concerns after the U.S. President hinted that
a deal with China may be delayed till after the Presidential elections in
Markets for You