Global Indices
Global Indices 04-Sep Prev_Day Abs. Change
% Change
Russell 3000 1,753 1,779 -27 -1.50
Nasdaq 11,313 11,458 -145 -1.27
FTSE 5,799 5,851 -52 -0.89
Nikkei 23,205 23,466 -260 -1.11
Hang Seng 24,695 25,008 -312 -1.25
Indian Indices 04-Sep Prev_Day Abs. Change
% Change
S&P BSE Sensex 38,357 38,991 -634 -1.63
Nifty 50 11,334 11,527 -194 -1.68
Nifty 100 11,465 11,663 -198 -1.70
Nifty 500 9,378 9,535 -157 -1.64
Nifty Bank 23,012 23,531 -519 -2.21
S&P BSE Power 1,697 1,742 -45 -2.59
S&P BSE Small Cap 14,603 14,761 -158 -1.07
S&P BSE HC 18,734 19,025 -290 -1.53
Date P/E Div. Yield P/E Div. Yield
4-Sep 28.21 1.00 32.49 1.48
Month Ago 26.27 1.03 30.39 1.49
Year Ago 25.78 1.27 26.61 1.42
Nifty 50 Top 3 Gainers
Company 04-Sep Prev_Day
% Change
Maruti 7190 7073 1.66
Zee Ente. 220 220 0.07
Nifty 50 Top 3 Losers Domestic News
Company 04-Sep Prev_Day
% Change
Axis Bank 455 475 -4.16
Tata Steel 421 438 -3.83
JSW Steel 282 293 -3.77
Advance Decline Ratio
BSE NSE
Advances 948 553
Declines
1787 1342
Unchanged 178 83
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 35454
MF Flows** 21541
*4
th
Sep 2020; **1
st
Sep 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)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
07 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
-264
-119
7.22%
(Apr-20)
Indian equity markets went down as rising COVID-19 cases and ongoing
geo-political tensions between India and China continued to weigh on
investor sentiments.
Key benchmark indices S&P BSE Sensex and Nifty 50 lost 1.63% and 1.68%
to close at 38,357.18 and 11,333.85 respectively. S&P BSE MidCap and S&P
BSE SmallCap lost 1.74% and 1.07% respectively.
The overall market breadth on BSE was weak with 948 scrips advancing and
1,787 scrips declining. A total of 178 scrips remained unchanged.
On the BSE sectoral front, all sectors lost. S&P BSE Metal was the major
loser, down 2.99%, followed by S&P BSE Power and S&P BSE Telecom,
down 2.59% and 2.57%, respectively. S&P BSE Realty and S&P BSE Bankex
lost 2.19% and 2.18% respectively.
A major global credit rating agency has downgraded the credit rating of
four state run banks which are namely Bank of Baroda, Bank of India,
Canara Bank and Union Bank of India. The rating agency attributed the
downgrade to the COVID-19 pandemic which has weakened the credit
profile of the borrowers and affected the asset quality of the Indian banks.
According to the Minister of Heavy Industries and Public Enterprises, the
government is examining the suggestion given by the automobile industry
for a temporary reduction in Goods and Services Tax across all categories of
vehicles and the details of the proposal are being worked out by the
finance minister.
According to the Union Minister of Agriculture & Farmers’ Welfare, a record
area of 1095.38 lakh hectares has been covered in the current season of
Kharif 2020. The minister further added that there has been no impact of
the COVID-19 pandemic on progress of area coverage under kharif crops as
on date.
Data from Reserve bank of India showed that India's foreign exchange
reserves rose for the second straight week to hit a record high of $541.43
billion for the week ended Aug 28, 2020, from $537.55 billion in the
previous week. Foreign exchange reserves rose primarily due to an increase
in foreign currency assets that rose to $498.09 billion from $494.17 billion
in the previous week. However, gold assets fell marginally to $37.20 billion
from $37.26 billion in the prior week.
Infosys announced it has acquired Kaleidoscope Innovation, a U.S.-based
product design company, for $42 million to extend its engineering service
offerings across the U.S. in medical devices, automotive and industrial
markets.
Paytm, digital financial services firm, announced that its revenue increased
to Rs 3,629 crore in FY20 following increased transaction numbers across
different segments and point of sale devices. However, the company said
that its losses have narrowed by 40% YoY.
Asian markets slipped tracking overnight weakness in U.S. markets which
went down due to a steep decline in tech shares amid concerns about
excessive valuations in the sector. Today (as on Sep 7), markets are trading
mixed with investors closely tracking the developments on the trade deal
between U.S. and China. While, Nikkei is down 0.17%, Hang Seng is up
0.55% (as at 8:00 AM IST).
European markets closed in the red as lack of encouraging data from
Germany, continued Brexit concerns, and worries about coronavirus
outweighed data showing notable addition of jobs and a drop in U.S.
unemployment.
U.S. markets edged lower with technology stocks contributing to the sell-
off once again, as traders continued to cash in on the recent strength in the
sector.
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