Global Indices
Global Indices 25-Sep Prev_Day Abs. Change
% Change
Russell 3000 1,702 1,666 36 2.17
Nasdaq 10,914 10,672 241 2.26
FTSE 5,843 5,823 20 0.34
Nikkei 23,205 23,088 117 0.51
Hang Seng 23,235 23,311 -76 -0.32
Indian Indices 25-Sep Prev_Day Abs. Change
% Change
S&P BSE Sensex 37,389 36,554 835 2.28
Nifty 50 11,050 10,806 245 2.26
Nifty 100 11,176 10,922 254 2.33
Nifty 500 9,156 8,945 211 2.36
Nifty Bank 20,982 20,457 526 2.57
S&P BSE Power 1,613 1,580 33 2.09
S&P BSE Small Cap 14,496 14,168 327 2.31
S&P BSE HC 19,406 18,958 448 2.37
Date P/E Div. Yield P/E Div. Yield
25-Sep 27.39 1.04 32.12 1.44
Month Ago 28.40 0.98 32.43 1.46
Year Ago 26.89 1.20 25.92 1.34
Nifty 50 Top 3 Gainers
Company 25-Sep Prev_Day
% Change
Bajaj Finserv Limited 5803 5426 6.96
IndusInd Bank 515 490 5.02
HCL Tech 828 788 5.00
Nifty 50 Top 3 Losers Domestic News
Company 25-Sep Prev_Day
% Change
SBI Life Insurance Company Limite
797 804 -0.91
BPCL 376 377 -0.40
United Phos 505 505 -0.10
Advance Decline Ratio
BSE NSE
Advances 1970 1525
Declines 682 350
Unchanged 166 96
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 32113
MF Flows** 16109
*25
th
Sep 2020; **16
th
Sep 2020
Economic Indicator
YoY(%) Current Year Ago
CPI
6.69%
(Aug-20)
3.28%
(Aug-19)
IIP
-10.39%
(Jul-20)
4.90%
(Jul-19)
GDP
-23.90%
(Jun-20)
5.20%
(Jun-19)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
28 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
-57.30%
(Apr-20)
3.10%
(Mar-20)
Quarter Ago
Inflow/Outflow
-393
-1666
6.27%
(May-20)
Indian equity markets surged as strong buying interest in tech stocks
outweighed selling pressure in financial counters after the government
extended the suspension of bankruptcy filings capped the upside. The
suspension of bankruptcy filings, aimed at helping businesses stay afloat
amid the pandemic, will refrain banks from initiating insolvency
proceedings against any borrower for defaults arising on or after Mar 25,
2020.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 2.28% and
2.26% to close at 37,388.66 and 11,050.25 respectively.
The overall market breadth on BSE was strong with 1,970 scrips advancing
and 682 scrips declining. A total of 166 scrips remained unchanged.
On the BSE sectoral front, all sectors gained. S&P BSE Telecom was the
major gainer, up 5.73%, followed by S&P BSE Teck and S&P BSE IT, up 4.02%
and 3.63%, respectively. S&P BSE Auto and S&P BSE Capital Goods gained
3.4% and 3.1% respectively.
Data from the Ministry of Statistics and Programme Implementation
showed that the number of new enrolments under the Employees
Provident Fund scheme rose to 6.10 lakh in July 2020 from 5.38 lakh in the
previous month. The number of exited members who rejoined and
resubscribed in Jul 2020 also increased to 5.48 lakh from 5.15 lakh in Jun
2020. However, the number of members who ceased subscribing during
the month fell to 3.13 lakh in Jul 2020 from 5.71 lakh in the previous
month. As a result, the net enrollments under the Employees Provident
Fund scheme stood at 8.45 lakh in Jul 2020 which is the highest so far in
this fiscal.
The Union Home Ministry gave approval to states to spend up to 50%
money from the State Disaster Response Fund (SDRF) to combat the
COVID-19 pandemic.
According to the Ministry of Heavy Industries & Public Enterprises, the
Indian government has sanctioned 670 Electric buses in the states of
Maharashtra, Goa, Gujarat and Chandigarh and 241 Charging Stations in
Madhya Pradesh, Tamil Nadu, Kerala, Gujarat and Port Blair under Phase-II
of FAME India (Faster Adoption and Manufacturing of (Hybrid &) Electric
Vehicles in India) Scheme.
According to the Securities and Exchange Board of India, registered
investment advisors (RIAs) can charge a maximum fee of up to Rs. 1,50,000
per annum per client across all of the services. As a percentage of assets
under advice, they can charge 2.5%. Also, existing clients can opt for either
the advisory or distribution services of the RIA at a group or family level.
However, clients cannot be forced to redeem existing assets under advisory
or distribution.
Bayer announced that it has partnered with private sector lender Axis Bank
for its better life farming (BLF) initiative in India to provide smallholder
farmers and rural farming communities with enhanced and comprehensive
financial solutions.
According to media reports, Vodafone Group Plc has secured an
international arbitration case against the Indian government in a $2 billion
tax dispute.
Asian markets largely remained higher, led by media reports that U.S.
Democrats are drafting a new $2.4 trillion relief bill, aimed at resuming the
stalled stimulus talks with Republicans. Nonetheless, gains were restricted
by growing concerns over fresh coronavirus lockdowns in Europe and
political uncertainty from the U.S. presidential election set for November.
Today (as on Sep 28) markets are trading higher with investors taking
positive cues from encouraging Chinese industrial profit data for Aug 2020.
Both Nikkei and Hang Seng are up 0.52% and 0.30% (as at 8:00 AM IST),
respectively.
European markets closed lower dragged by worries over surging
coronavirus cases across several parts of the region and fresh lockdown
restrictions. Continued uncertainty about the pace of economic recovery
also weighed on sentiment.
U.S. markets surged as notable strength was seen in tech stocks and
investors shrugging off lower than expected increase in durable goods
orders in the month of Aug.
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