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12 Mar 2020
Markets for You
Global Indices
Global Indices 11-Mar Prev_Day Abs. Change
% Change
Russell 3000 1,270 1,333 -64 -4.77
Nasdaq 7,952 8,344 -392 -4.70
FTSE 5,877 5,960 -84 -1.40
Nikkei 19,416 19,867 -451 -2.27
Hang Seng 25,232 25,393 -161 -0.63
Indian Indices 11-Mar Prev_Day Abs. Change
% Change
S&P BSE Sensex 35,697 35,635 62 0.18
Nifty 50 10,458 10,451 7 0.07
Nifty 100 10,578 10,583 -5 -0.05
Nifty 500 8,618 8,631 -13 -0.15
Nifty Bank 26,488 26,463 25 0.10
S&P BSE Power 1,644 1,644 0 -0.02
S&P BSE Small Cap
12,725 12,771 -45 -0.36
S&P BSE HC 13,356 13,505 -149 -1.10
Date P/E Div. Yield P/E Div. Yield
11-Mar 21.90 1.23 23.80 1.46
Month Ago 25.08 1.03 27.21 1.26
Year Ago 27.27 1.16 27.38 1.21
Nifty 50 Top 3 Gainers
Company 11-Mar Prev_Day
% Change
Yes Bank 29 21 35.53
Zee Ente. 210 194 7.74
Bharti Infratel 225 211 6.52
Nifty 50 Top 3 Losers Domestic News
Company 11-Mar Prev_Day
% Change
GAIL 91 100 -9.91
Tata Steel 300 322 -7.00
Tata Motors 99 106 -6.43
Advance Decline Ratio
Advances 1025 785
Declines 1454 1097
Unchanged 164 126
Institutional Flows (Equity)
Description (Cr)
FII Flows* -5548
MF Flows** 17834
Mar 2020; **9
Mar 2020
Economic Indicator
YoY(%) Current Year Ago
Data as on 09 Mar 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
12 March 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 gained a bit after the U.S. markets recouped from
their worse fall since the financial crisis of 2008. The U.S. President said he
would discuss certain stimulus measures with the Senate to help the
economy deal with the impact of the virus outbreak.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.18% and
0.07% to close at 35,697.40 and 10,458.40 respectively. S&P BSE MidCap
and S&P BSE SmallCap lost 0.89% and 0.36% respectively.
The overall market breadth on BSE was weak with 1,025 scrips advancing
and 1,454 scrips declining. A total of 164 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Energy was the major gainer, up 2.11%
followed by S&P BSE Telecom, up 0.76% and S&P BSE Capital Goods, up
0.38%. S&P BSE Realty was the major loser, down 2.03% followed by S&P
BSE Oil & Gas, down 1.89% and S&P BSE Metal, down 1.63%.
A prominent global brokerage has said falling crude oil prices will help India
reduce current account deficit by 25 basis points to 0.7% of the GDP in
FY2021. Crude has fallen by more than 45% since the coronavirus outbreak
in China in Jan 2020. The brokerage has also cut its FY2021 growth forecast
for the country by 20 basis points (bps) to 5.4%, and global growth to 2.2%,
down 60 bps.
Preventive measures like mass quarantines can hit the already sagging
economic growth in India by as much as 2 percentage points, according to a
prominent global brokerage. Support to the economy will come from a dip
in oil prices, it said in a note, estimating low crude prices to aid growth by as
much as 0.50%. The number of those tested positive for the Covid-19 or
coronavirus in India has grown to 61 as of Mar 10, 2020.
Media reports showed the finance ministry has flagged 17 'areas of
dissatisfaction' with India’s leading IT company that designed GST Network,
including transition issues for taxpayers in Jammu and Kashmir, Aadhaar
verification and lack of scalability of server. The other areas are delay in
providing software for blocking of e-way bill generation in cases of non-
filers of GSTR-3B.
The government said a cumulative amount of Rs. 5,275.24 crore has
remained unspent under Members of Parliament Local Area Development
(MPLAD) scheme as on Mar 4, 2020. The government released Rs.
53,704.75 crore under MPLAD scheme out of which Rs. 51,267.75 crore was
spent as on Mar 4, 2020.
Asian equity markets were mostly lower as investors tracked the
coronavirus spread and watched for government stimulus measures. It was
also seen there were doubts about whether expected stimulus measures
would be enough to soften the economic impact from the outbreak. Today
(as of Mar 12), Asian markets opened lower as the Wall Street entered a
bear market and the World Health Organisation declared the coronavirus
outbreak a global pandemic. Both Nikkei and Hang Seng fell 3.41% and
3.10% (as at 8.a.m. IST), respectively.
European markets declined as investors tracked the spread of the
coronavirus infection, while the Bank of England announced an emergency
interest rate cut to contain the economic impact of the virus.
U.S. markets witnessed steep losses as the rapid spread of the virus and
uncertainty around a fiscal stimulus to arrest slower economic growth
because of the outbreak dented sentiment. Markets are now down more
than 20% below the record close set in Feb 2020, ending an expansion that
started in 2009 amid the financial crisis.
Markets for You