GlobalIndices 23‐Aug Prev_Day Abs.Change
DowJones 25,657 25,734 ‐77 ‐0.30
Nasdaq 7,878 7,889 ‐11 ‐0.13
FTSE 7,563 7,574 ‐11 ‐0.15
Nikkei 22,411 22,363 48 0.22
HangSeng 27,790 27,928 ‐137 ‐0.49
IndianIndices 23‐Aug Prev_Day Abs.Change
S&PBSESensex 38,337 38,286 51 0.13
Nifty50 11,583 11,571 12 0.10
Nifty100 11,881 11,862 19 0.16
NiftyBank 28,028 28,258 ‐230 ‐0.81
SGXNifty 11,583 11,607 ‐24 ‐0.20
S&PBSEPower 2,035 2,022 13 0.66
S&PBSESmallCap 16,923 16,947 ‐24 ‐0.14
S&PBSEHC 15,426 15,302 124 0.81
Date P/E Div.Yield P/E Div.Yield
23‐Aug 24.72 1.15 28.32 1.16
MonthAgo 23.08 1.20 27.54 1.21
YearAgo 23.59 1.24 25.45 0.96
Company 23‐Aug Prev_Day
AurobindoPharma 683 663 3.06
TechMahindra 727 709 2.43
L&TLtd. 1352 1323 2.23
Company 23‐Aug Prev_Day
TataMotors 257 269 ‐4.43
BPCL 358 369 ‐2.98
IndianOil 153 158 ‐2.73
Advances 1217 797
Declines 1512 1010
Unchanged 166 110
YoY(%) Current YearAgo
• Indian equity markets rose with benchmark indices touching fresh
record closing highs. Investors took positive cues from reports stating
that a major index heavyweight became the first company to cross Rs 8
trillion in terms of market capitalisation, resulting in India's most value d
firm. Some positive corporate announcements from pharma majors
generated buying interest.
• Nonetheless, gains were largely restricted by speculation that the U.S.
President's political position may be jeopardised by the legal woes of two
former advisors. Sentiments dampened further after both U.S. and China
imposed fresh tariffs on each other’s goods.
• Key benchmark indices S&P BSE Sensex and Nifty 50 rose 0.13% and
0.10% to close at 38,336.76 and 11,582.75, respectively. Meanwhile,
broader markets witnessed a mixed trend with S&P BSE Mid Cap rising by
0.20%, while S&P B SE Small Cap slipping by 0.14%.
• The overall market breadth on BSE was weak with 1,512 scrips declining
and 1,217 scrips advancing. A total of 166 scrips remained unchanged.
• A major global credit rating agency expects the Indian economy to grow
7.5% in 2018 and 2019. The rating agency opined that the Indian
economy is resilient to external pressures like that of increase in global
crude oil prices. The rating agency further noted that while an increase in
global cru de oil prices will raise domestic inflationary pressures
temporarily, strong urban and rural demand coupled with improved
industrial activity will provide support to the growth prospects of the
Indian e conomy. O n a separate note, the rating a gency for G‐20
economies forecasted a growth rate of 3.3% in 2018 and 3.1% in 2019.
For advanced economies the rating agency expects a growth rate of 2.3%
in 2018 and 2.0% in 2019. For G‐20 emerging economies, the rating
agency projected a growth rate of 5.1% in both 2018 and 2019.
• According to media reports, the U.S. has levied preliminary anti‐
dumping duties of mo re than 50% on me tal pipes that are being imported
from India, China and four other countries. The move is being seen as an
aggressive tactic by t he U.S. Administration to give protection to the
American industry. As per reports, the U.S. Administration has taken the
move after six pipe manufacturers in U.S. filed a antidumping complaint
with the U.S. Commerce Department in Jan 2018. Dumping is said to
occur when a company of foreign sells an imported product at an
artificially low price.
• According to media reports, Reliance Industries has become the first
company to cross Rs. 8 trillion in terms of market capitalization thereby
becoming the country's most valued firm.
• According to media reports, Reliance Infrastructure has missed
payments for its non‐convertible debentures worth Rs. 1.33 billion. The
company has informed that the payments will be made from the sale
proceeds of the Mumbai distribution business.
• According to media reports, Cognizant has agreed to acquire SaaSFocus
which is a digital transformation company focused on the Salesforce
platform. The objective of the move is to boost its consultancy
capabilities in cloud space and expand its geographical reach in the Asia‐
• Asian markets closed largely on positive note as investors are keenly
looking ahead to the trade talks between U.S. and China following the
imposition of tariffs by both the nations on goods imported from the each
other. Market participants also took positive cues from a private survey
showing continued expansion in Japan's manufacturing sector in Aug.
trade concerns between China and the U.S and economic data from
Japan. While Nikkei was trading higher 0.23%, Hang Seng was down
0.75% (as at 8 a.m. IST).
• As per the last c lose, European markets closed marginally lower on
concerns over trade tensions between the U.S. and China. However,
losses were almost neutralized encouraged by some p ositive economic
data from both Germany and France.
• As per the last close, U.S markets closed slightly lower amid renewed
concerns after the U.S. imposed tariffs on $16 billion worth of Chinese
goods. China said to lodge a complaint against the measure under the
World Trade Organization's dispute settlement mechanism.