GlobalIndices 02‐Oct Prev_Day Abs.Change
DowJones 26,774 26,651 123 0.46
Nasdaq 8,000 8,037 ‐38 ‐0.47
FTSE 7,475 7,496 ‐21 ‐0.28
Nikkei 24,271 24,246 25 0.10
HangSeng 27,126 Closed NA NA
IndianIndices 01‐Oct Prev_Day Abs.Change
S&PBSESensex 36,526 36,227 299 0.83
Nifty50 11,008 10,930 78 0.71
Nifty100 11,197 11,126 71 0.63
NiftyBank 25,367 25,120 247 0.98
SGXNifty 11,088 10,929 160 1.46
S&PBSEPower 1 ,965 1,929 35 1.83
S&PBSESmallCap 14,395 14,431 ‐35 ‐0.25
S&PBSEHC 15,059 15,025 34 0.23
Date P/E Div.Yield P/E Div.Yield
1‐Oct 23.47 1.23 26.62 1.22
MonthAgo 24.85 1.15 28.40 1.15
YearAgo 23.41 1.23 25.43 1.17
Company 01‐Oct Prev_Day
YesBank 201 184 9.37
Hindalco 243 230 5.77
IndiabullsHFC 906 857 5.75
Company 01‐Oct Prev_Day
BhartiAirtel 327 339 ‐3.49
HPCL 243 251 ‐3.30
AxisBank 593 613 ‐3.23
Advances 1005 712
Declines 1664 1144
Unchanged 186 94
YoY(%) Current YearAgo
• Indian equity markets opened the week on a positive note after
investors welcomed Reserve Bank of India’s (RBI) decision to ease the
liquidity situation. RBI said it would inject Rs. 36,000 crore into the
system in Oct 2018. The government has also asked for a management
change at the crisis‐hit infrastructure company that is the root cause of
the liquidity concerns as it has defaulted on multiple debt payments.
Another factor that led to market gains was upbeat manufacturing and
auto sales data.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.83% and
0.71% to close at 36,526.14 and 11,008.30, respectively. S&P BSE Mid‐
Cap gained 0.53, while S&P BSE Small Cap fell 0.25%.
• O n the BSE sectoral front S&P BSE Information Technology was the
major gainer, up 2.42%, followed by S&P BSE Teck and S&P BSE Power, up
2.02% and 1.83%, respectively. S&P BSE Utilities and S&P BSE Metal
gained 1.64% and 1.36%, respectively. The major loser was S&P BSE
Realty, down 1.44%, followed by S&P BSE Energy and S&P BSE Telecom,
down 1.34% and 1.3%, respectively.
• The Nikkei India Manufacturing Purchasing Managers' Index (PMI)
improved to 52.2 in Sep 2018 from 51.7 in Aug 2018. The growth came on
the back of gain in new orders, output and employment. A reading of
over 50 indicates expansion and otherwise contraction. The
manufacturing sector has expanded in the past 14 months.
• Government data showed that the growth of index of eight core
industries slowed to 4.2% in Aug 2018 from an upwardly revised 7.3% in
Jul 2018 (6.6% originally reported). Fertilizers witnessed the maximum
decline of 5.3%, followed by crude oil at 3.7%, which is the ninth
consecutive mo nthly fall for the sector. Cement witnessed the maximum
growth of 14.3%, followed by electricity that increased 5.4%.
• The government could raise the minimum support price (MSP) for
wheat by another 6% (Rs. 105) to Rs. 1,840 per quintal after increasing by
112% over its A2+FL costs in 2017 ‐18. The a nnouncement could be made
on Oct 3 after getting Cabinet approval.
• According to media reports, the N ational Company Law Tribunal (NCLT)
has given its approval for the takeover of IL&FS board by government
nominees. The newly constituted board will submit an assessment plan in
the next two weeks.
• According to media reports, Dr Reddy’s Laboratories has sold the
antibiotics manufacturing facility and r elated assets it had acquired in
Bristol, Tennessee, from GlaxoSmithKline to Neopharma which is based in
United Arab Emirates.
• According to media reports, Royal Enfield's manufacturing facility at
Oragadam, Chennai resumed operations from Sep 29 and expects to
reach regular level of production in a phased manner. A part of workforce
at the plant was n ot reporting for duty since Sep 24 as they went on
strike protesting the dismissal of two office bearers of their union.
• Asian equity markets were mostly lower as investors remained
concerned about the trade dispute between U.S. and China after the U.S.
President commented that they are not ready to talk with C hina anytime
soon. Also, media reports suggesting that China has cancelled its mid‐Oct
military talks with the U.S. added to the woes. Today (as of Oct 03), Asian
markets opened on a mixed note despite Dow Jones rose on Wall Street
overnight. Both Nikkei and Hang Seng were trading lower 0.56% and
0.16%, respectively (as at 8 a.m. IST).
• As per the last close, European markets fell on number of factors such
as Brexit concerns and worries over the trade tensions between the U.S.
and China. Concerns over the Italian budget also weighed on the markets.
seemed hesitant to make significant moves on absence of any major U.S.
economic data. Market participants still remained uncertain about the
trade after U.S. President announced a new trade deal with Mexico and
Canada to replace the North American Free Trade Agreement.