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02 Sep 2020
Markets for You
Global Indices
Global Indices 01-Sep Prev_Day Abs. Change
% Change
#
Russell 3000 1,850 1,825 25 1.38
Nasdaq 11,940 11,775 164 1.39
FTSE 5,862 5,964 -102 -1.70
Nikkei 23,138 23,140 -2 -0.01
Hang Seng 25,185 25,177 8 0.03
Indian Indices 01-Sep Prev_Day Abs. Change
% Change
#
S&P BSE Sensex 38,901 38,628 273 0.71
Nifty 50 11,470 11,388 83 0.73
Nifty 100 11,587 11,496 91 0.79
Nifty 500 9,442 9,372 70 0.75
Nifty Bank 23,812 23,754 58 0.24
S&P BSE Power 1,713 1,670 43 2.56
S&P BSE Small Cap 14,413 14,336 77 0.54
S&P BSE HC 18,745 18,388 358 1.94
Date P/E Div. Yield P/E Div. Yield
1-Sep 28.32 0.98 32.53 1.45
Month Ago 26.20 1.03 30.20 1.49
Year Ago 26.25 1.24 27.27 1.39
Nifty 50 Top 3 Gainers
Company 01-Sep Prev_Day
% Change
#
Bharti Airtel 546 513 6.46
JSW Steel 287 270 6.30
Hindalco 194 185 4.75
Nifty 50 Top 3 Losers Domestic News
Company 01-Sep Prev_Day
% Change
#
Bharti Infratel 189 199 -4.91
ONGC 79 82 -3.17
Axis Bank 486 497 -2.22
Advance Decline Ratio
BSE NSE
Advances 1136 780
Declines 1521 1081
Unchanged 161 91
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 33771
MF Flows** 20854
*1
st
Sep 2020; **28
th
Aug 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
6.93%
(Jul-20)
3.15%
(Jul-19)
IIP
-16.60%
(Jun-20)
1.30%
(Jun-19)
GDP
-23.90%
(Jun-20)
5.20%
(Jun-19)
[1]
Data as on 31 Aug, 2020
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
02 September 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
Sensex
Nifty
-18.30%
(Mar-20)
3.10%
(Mar-20)
Quarter Ago
Inflow/Outflow
-118
-2358
7.22%
(Apr-20)
Indian equity markets rose as investors turned focus towards IHS Markit
India manufacturing PMI for Aug which signalled growth and rebound in
production volumes for the first time in five months. Buying interest in
telecom stocks too contributed to the upside after Supreme Court ruled
that telecom companies will be allowed 10 years for staggered payment of
adjusted gross revenue (AGR) dues.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.71% and
0.73% to close at 38,900.80 and 11,470.25 respectively.
The overall market breadth on BSE was weak with 1,136 scrips advancing
and 1,521 scrips declining. A total of 162 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Telecom was the major gainer, up 3.81%
followed by S&P BSE Metal, up 3.35% and S&P BSE Power, up 2.56%. S&P
BSE IT was the major loser, down 0.93% followed by S&P BSE Oil & Gas,
down 0.44% and S&P BSE Teck, down 0.12%.
Results of a private survey showed that the headline seasonally adjusted
IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) rose from
46.0 in Jul 2020 to 52.0 in Aug 2020. The expansion comes on account of
improvement in operating conditions across the domestic manufacturing
sector.
The Reserve Bank of India (RBI) gave approval to banks to consider fresh
government securities that it has acquired from Sep 1, 2020 under the held
to maturity bracket up to an overall limit of 22% of its net demand and time
liabilities till Mar 31, 2021. The objective of the move is to increase the
demand of government securities among banks without worrying about
mark-to-market losses due to adverse fluctuation in bond yields.
RBI announced that it will conduct term repo operations for an aggregate
amount of Rs. 100,000 crore at floating rates (prevailing repo rate) in the
middle of Sep 2020. The objective of the move is to ensure that there is
sufficient liquidity in the system amid advance tax outflows. RBI also
mandated that banks who had availed funds under the long term repo
operations may consider refinancing their borrowings via these term repo
auctions at lower costs. The objective of the move is to reduce the cost of
funds for banks.
RBI announced that it will conduct additional special open market
operation which will include the simultaneous purchase and sale of
Government securities for an aggregate amount of Rs. 20,000 crore in two
tranches of Rs. 10,000 crore each. The auction will be conducted on Sep 10,
2020 and Sep 17, 2020.
Venture Catalysts (VC) said it has raised Rs. 100 crore for a new fund
investing in more than 100 Indian startups.
Mahindra & Mahindra 's domestic auto sales fell 13% YoY, even as tractor
sales in Aug 2020 advanced 69%. During the month the company
dispatched 29,257 units, compared to last year's 33,564 units. The medium
and heavy commercial vehicles and three wheelers dragged down the
volumes which dropped 71% and 94%, respectively.
Asian markets witnessed a mixed trend as positive cues from encouraging
data from Chinese manufacturing sector for Aug was neutralised by worries
over rising coronavirus cases and geopolitical tensions. Today (as on Sep
02), Asian markets were trading higher following record high on the Wall
Street overnight. Both Nikkei and Hang Seng were trading higher 0.53%
and 0.22%, respectively (as at 8 a.m. IST).
European markets witnessed a mixed trend with investors reacting to a
slew of economic data from across the globe. Worries about rising new
coronavirus cases and possibility of further quarantine restrictions in the
U.K. also weighed on stocks.
U.S. markets rose led by technology stocks and after the Institute for
Supply Management released a report showed manufacturing activity in
the U.S. expanded at a faster rate in Aug 2020.
Markets for You