Global Indices 03-Dec Prev_Day Abs. Change
Russell 3000 1,878 1,878 0 0.00
Nasdaq 12,377 12,349 28 0.23
FTSE 6,490 6,463 27 0.42
Nikkei 26,809 26,801 8 0.03
Hang Seng 26,729 26,533 196 0.74
Indian Indices 03-Dec Prev_Day Abs. Change
S&P BSE Sensex 44,633 44,618 15 0.03
Nifty 50 13,134 13,114 20 0.15
Nifty 100 13,281 13,244 36 0.27
Nifty 500 10,894 10,858 35 0.33
Nifty Bank 29,449 29,463 -14 -0.05
S&P BSE Power 2,079 2,045 34 1.64
S&P BSE Small Cap 17,246 17,129 116 0.68
S&P BSE HC 20,788 20,636 152 0.74
Date P/E Div. Yield P/E Div. Yield
3-Dec 31.71 0.91 36.12 1.21
Month Ago 28.16 1.01 31.82 1.34
Year Ago 28.58 1.14 27.95 1.25
Nifty 50 Top 3 Gainers
Company 03-Dec Prev_Day
Maruti 7739 7207 7.39
ONGC 89 85 4.54
Hindalco 242 232 4.38
Nifty 50 Top 3 Losers Domestic News
Company 03-Dec Prev_Day
HDFC Bank 1377 1407 -2.11
SBI Life Insurance Company Limite
858 876 -1.99
TCS 2709 2750 -1.46
Advance Decline Ratio
Advances 1961 1393
Declines 968 568
Unchanged 157 84
Institutional Flows (Equity)
FII Flows* 121079
MF Flows** -28408
Dec 2020; **1
YoY(%) Current Year Ago
Data as on 02 Dec, 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
04 December 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
P/E Dividend Yield
• Indian equity markets eked out small gains with investors eyeing on the
outcome of the MPC meeting on Dec 4. Although the central bank
committee is widely anticipated to keep policy rates steady, however,
market participants are hoping for increase in economic growth forecast
for the upcoming quarters.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.03% and
0.15% to close at 44,632.65 and 13,133.90 respectively. S&P BSE MidCap
and S&P BSE SmallCap gained 0.85% and 0.68% respectively.
• The overall market breadth on BSE was strong with 1,961 scrips advancing
and 968 scrips declining. A total of 157 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Metal was the major gainer, up 2.53%
followed by S&P BSE Utilities, up 2% and S&P BSE Oil & Gas, up 1.77%. S&P
BSE IT was the major loser, down 0.65% followed by S&P BSE Teck, down
0.55% and S&P BSE Finance, down 0.13%.
• Results from a private survey showed that the seasonally adjusted India
Services Business Activity Index came above the critical 50.0 mark that
separates growth from contraction for the second month in a row in Nov
2020. However, the same fell from 54.1 in Oct 2020 to 53.7 in Nov 2020.
The Composite PMI Output Index also came down to 56.3 in Nov 2020 from
58.0 in Oct 2020. According to the survey participants, a pickup in demand,
marketing efforts and relaxation of restrictions on coronavirus lockdowns
led to an increase in sales.
• India and the U.S. has signed a Memorandum of Understanding on
Intellectual Property cooperation. The objective of the move is to promote
exchange of information and dissemination of best practices, experiences
and knowledge on Intellectual Property.
• The Agricultural and Processed Food Products Export Development
Authority (APEDA) and the National Bank for Agriculture and Rural
Development (NABARD) signed an Memorandum of Understanding (MoU)
to work together to synergize the activities in the interest of agriculture
and allied sectors for bringing better value to the stakeholders.
• According to the Finance Minister, the Indian economy will return to
growth in FY22. The Finance Minister is of the view that higher spending in
the Union Budget which is due in Feb 2020 will lay the foundations for
stronger growth in the next four to five years.
• Flipkart is doing a partial spin-off of India’s largest digital payments
platform, PhonePe. The move will allow PhonePe to access committed,
long-term capital to finance its ambitions for growth. PhonePe is raising
$700 million in primary capital in this funding round at a post-money
valuation of $5.5 billion from current Walmart-led Flipkart investors.
• Alembic Pharmaceuticals announced that it has obtained approval for
Metolazone tablets indicated for the treatment of salt and water retention
caused by heart failure or kidney disease from the U.S. health regulator.
• Asian markets went up, led by optimism over U.S. stimulus talks and data
showing that the services sector in China expanded at a faster rate in Nov.
Expectation over imminent roll out of COVID-19 vaccine also supported
buying interest. Today (as on Dec 4), markets are trading mixed with
investors focusing on the developments on the shipment of COVID-19
vaccine by one of global pharma major. While Nikkei is down 0.18%, Hang
Seng is down 0.09% (as at 8:00 AM IST).
• European markets witnessed mixed trend with investors tracking
developments on the stimulus negotiations in the U.S., vaccine updates and
anxiety over Brexit talks.
• U.S. markets closed in the green after report from the Labor Department
showed bigger than expected decrease in initial U.S. jobless claims in the
week to Nov 28.