Global Indices 02-Mar Prev_Day Abs. Change
Russell 3000 1,971 1,999 -29 -1.43
Nasdaq 13,359 13,589 -230 -1.69
FTSE 6,614 6,589 25 0.38
Nikkei 29,408 29,664 -255 -0.86
Hang Seng 29,096 29,453 -357 -1.21
Indian Indices 02-Mar Prev_Day Abs. Change
S&P BSE Sensex 50,297 49,850 447 0.90
Nifty 50 14,919 14,762 158 1.07
Nifty 100 15,062 14,890 172 1.15
Nifty 500 12,519 12,368 151 1.22
Nifty Bank 35,420 35,296 124 0.35
S&P BSE Power 2,514 2,468 46 1.85
S&P BSE Small Cap 20,806 20,479 327 1.60
S&P BSE HC 21,367 21,133 235 1.11
Date P/E Div. Yield P/E Div. Yield
2-Mar 35.12 0.71 40.71 1.06
Month Ago 33.92 0.80 38.79 1.08
Year Ago 23.27 1.15 25.34 1.37
Nifty 50 Top 3 Gainers
Company 02-Mar Prev_Day
Tata Motors 346 328 5.32
M&M 860 819 4.95
Adani Ports & SEZ 721 693 3.98
Nifty 50 Top 3 Losers Domestic News
Company 02-Mar Prev_Day
ONGC 114 117 -3.03
HDFC Ltd. 2564 2606 -1.61
Dr.Reddy 4405 4453 -1.09
Advance Decline Ratio
Advances 1802 1189
Declines 1222 729
Unchanged 153 91
Institutional Flows (Equity)
FII Flows* 37937
MF Flows** -27494
Mar 2021; **16
YoY(%) Current Year Ago
Data as on 01 Mar, 2021
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI from 2010
• Indian equity markets extended the previous session’s rally, with investors
taking positive cues from overnight gains in Wall Street. Although the intra-
day profit booking erased some of the gains, bourses witnessed quick
recovery towards the end of the session as investors hurried to buy on
beaten down stocks. An improved outlook post-Feb auto sales numbers
resulted in continued buying in auto stocks with IT sector also being a major
contributor in the rally.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.9% and 1.07%
to close at 50,296.89 and 14,919.10 respectively.
• The overall market breadth on BSE was strong with 1,802 scrips advancing
and 1,222 scrips declining. A total of 153 scrips remained unchanged.
• On the BSE sectoral front, all sectors gained. S&P BSE Auto was the major
gainer, up 3.18%, followed by S&P BSE IT and S&P BSE Teck, up 2.85% and
2.84%, respectively. S&P BSE Industrials and S&P BSE Consumer
Discretionary Goods & Services gained 2.2% and 2.17% respectively.
• According to the preliminary data of the commerce ministry, India’s exports
fell 0.25% YoY to USD 27.67 billion in Feb 2021 as compared to USD 27.74
billion in Feb 2020. Imports during the month rose 6.98% to USD 40.55
billion in Feb 2021 as compared to USD 37.90 billion in Feb 2020. Thus,
trade deficit of USD 12.88 billion in Feb 2021, 25.84% increase from trade
deficit of USD 10.16 billion in Feb 2020. Oil imports fell 16.63% to USD USD
8.99 billion in Feb 2021.
• At the inaugural of ‘Maritime India Summit 2021’, the Prime Minister of
India announced that India will invest $31 bn in 400 projects across 7,500
km coastline. The minister went on to state that the government is
committed to encouraging the use of renewable energy in the maritime
sector, and that solar and wind-based power systems are being installed at
all major ports.
• According to media reports, since the share of cesses and surcharges in the
Centre's gross tax revenue has nearly doubled to 19.9% in FY21 from 10.4%
in FY12, the 15th Finance Commission has suggested a higher grant-in-aid
and lower tax devolution to the states. The Centre's cesses and surcharges
are not included in the current Finance Commission (FC) system for tax
devolution. And, as a result of the significant rise, the FC has suggested a
higher grant-in-aid to the states to compensate for the low growth in tax
devolution, which was pegged at 41% during the 15th FC award's service.
• As per media reports, the Reserve Bank of India wants banks to own no
more than 20% of capital-intensive insurance companies, which is less than
half of what current regulations allow.
• Bharti Airtel has purchased 355.45 MHz spectrum in the Sub GHz, mid band,
and 2300 MHz bands for a combined consideration of Rs 18,699 crore in
the government's new spectrum auction.
• PhonePe said it processed over 970 million UPI (unified payments interface)
transactions and over 1.07 billion total transactions through UPI, cards, and
wallets, retaining its position as the market leader in digital payments in
• Asian markets witnessed a mixed trend as positive impact of overnight
gains in U.S. markets was neutralised by caution by China’s top banking
regulator regarding asset bubbles in overseas financial markets. Today (as
on Mar 04), Asian markets were mixed following fall on the Wall Street
overnight. While Hang Seng rose 0.70%, Nikkei fell 0.13% (as at 8 a.m. IST).
• European markets rose as U.S. Treasury bond yields dropped yet again.
Optimism about growth and expectations of additional stimulus continued
to support the positive sentiment.
• U.S. markets fell on profit booking by some market participants after
witnessing strong gains on Monday. Market fell despite a continued fall in
the 10-year U.S treasury yield for the third consecutive session.