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11 May 2020
Markets for You
Global Indices
Global Indices 08-May Prev_Day Abs. Change
% Change
Russell 3000 1,420 1,401 20 1.41
Nasdaq 9,121 8,980 142 1.58
5,936 5,854 82 1.40
Nikkei 20,179 19,675 504 2.56
Hang Seng 24,230 23,981 250 1.04
Indian Indices 08-May Prev_Day Abs. Change
% Change
S&P BSE Sensex 31,643 31,443 199 0.63
Nifty 50 9,252 9,199 52 0.57
Nifty 100 9,409 9,351 57 0.61
Nifty 500 7,552 7,521 31 0.41
Nifty Bank 19,353 19,492 -139 -0.71
S&P BSE Power 1,405 1,439 -34 -2.40
S&P BSE Small Cap
10,639 10,687 -48 -0.45
S&P BSE HC 15,271 15,061 210 1.40
Date P/E Div. Yield P/E Div. Yield
8-May 19.77 1.20 23.93 1.58
Month Ago 18.04 1.45 19.72 1.74
Year Ago 27.76 1.23 28.38 1.16
Nifty 50 Top 3 Gainers
Company 08-May Prev_Day
% Change
HUL 2089 1992 4.89
Nestle India Limited 17803 17142 3.85
Tech Mahindra 536 516 3.84
Nifty 50 Top 3 Losers Domestic News
Company 08-May Prev_Day
% Change
Axis Bank 382 397 -3.85
NTPC 87 90 -3.81
M&M 387 401 -3.48
Advance Decline Ratio
Advances 987 724
Declines 1343 1084
Unchanged 180 123
Institutional Flows (Equity)
Description (Cr)
FII Flows* -36277
MF Flows** 30740
May 2020; **5
May 2020
Economic Indicator
YoY(%) Current Year Ago
Data as on 07 May 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
11 May 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 closed in the green led by stock specific movements.
Positive cues were generated after one of the industry behemoths
reported that a U.S. private equity firm would invest Rs 11,367 crore for a
2.32 % equity stake in the former’s digital unit. The gains were also in line
with global shares, which rallied amid signs of improving China-American
relations and optimism around more countries reopening their economies.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.63% and
0.57% to close at 31,642.70 and 9,251.50 respectively. S&P BSE MidCap
gained 0.04% and S&P BSE SmallCap lost 0.45%.
The overall market breadth on BSE was weak with 987 scrips advancing and
1,343 scrips declining. A total of 180 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Energy was the major gainer, up 2.59%
followed by S&P BSE FMCG, up 1.87% and S&P BSE Healthcare, up 1.4%.
S&P BSE Power was the major loser, down 2.4% followed by S&P BSE
Utilities, down 1.81% and S&P BSE Consumer Durables, down 1.32%.
International exchange arms of NSE and BSE, NSE IFSC and India INX,
respectively, introduced rupee derivatives that is expected to bring capital
in the country and augment investment options for their customers. With
this overseas participation will also improve due to extended trading hours
and USD settlement at the IFSC. The exchanges are situated in GIFT (Gujarat
International Finance Tech) City and are permitted to offer trading in
securities in any currency other than the Indian rupee.
In order to support India’s Covid-19 operations, the Asian Infrastructure
Investment Bank’s (AIIB) approved a $500 million loan. These funds are Co-
financed by the World Bank and are aimed at enabling the government to
increase its containment efforts and to strengthen the health system to
manage future outbreaks as well.
As per media reports, the government will announce guidelines to regulate
the Rs. 1,500 crore bio-stimulant market providing farmers with higher
yields, efficiency and other benefits from the use of different compounds
and micro-organisms. These products are not regulated and sold without
certification of their effectiveness unlike fertilizers and pesticides. Thus, the
government will set up a regulatory body for such products.
A global rating agency forecasted India's growth at 0% for FY21 and said
the negative outlook on sovereign rating reflects increasing risks that gross
domestic product (GDP) growth will remain significantly lower as against
the past readings.
Cognizant reported a decline of 16.78% in net income at $367 million for
the quarter ended Mar 31, 2020 as against $441 million in the same period
a year ago. The company is aiming to invest in business and would hire
around 20,000 entry-level executives in 2020.
Uber lost $2.9 billion in the first quarter as the coronavirus pandemic
battered his overseas investments, but the company is looking to its rising
food distribution business and aggressive cost-cutting to ease the pain.
Most of the Asian markets closed on a positive note as trade-war fears
receded following reports that both U.S. and Chinese trade representatives
pledged to create favourable conditions for the implementation of the
phase one trade deal signed in Jan. Meanwhile, investors keenly awaited
the U.S. jobs report to gauge the economic impact of the coronavirus-
induced lockdown. Today (as on May 11), markets traded higher amid hopes
of global economies reopening as social distancing measures are eased.
Both Nikkei and Hang Seng are up 1.29% and 1.63%, respectively (as at
8.a.m. IST).
European markets closed in the green after U.S. and Chinese trade
representatives agreed to strengthen their co-operation in implementing
the phase 1 trade deal.
U.S. markets rose as investors are hoping that the worst of the coronavirus
and its impact on the economy has passed.
Markets for You