Global Indices 29-Aug Prev_Day Abs. Change
Dow Jones 26,125 26,064 61 0.23
Nasdaq 8,110 8,030 80 0.99
FTSE 7,563 7,617 -54 -0.71
Nikkei 22,848 22,813 35 0.15
Hang Seng 28,416 28,352 65 0.23
Indian Indices 29-Aug Prev_Day Abs. Change
S&P BSE Sensex 38,723 38,897 -174 -0.45
Nifty 50 11,692 11,739 -47 -0.40
Nifty 100 11,999 12,028 -30 -0.25
Nifty Bank 28,224 28,270 -46 -0.16
SGX Nifty 11,737 11,802 -65 -0.55
S&P BSE Power 2,099 2,099 -1 -0.03
S&P BSE Small Cap 17,053 17,043 9 0.05
S&P BSE HC 15,473 15,533 -60 -0.38
Date P/E Div. Yield P/E Div. Yield
29-Aug 24.89 1.14 28.55 1.14
Month Ago 23.47 1.18 28.02 1.19
Year Ago 23.44 1.25 25.31 0.95
Nifty 50 Top 3 Gainers
Company 29-Aug Prev_Day
Bosch 20078 18885 6.32
United Phos 680 654 3.95
Bajaj Finance 2986 2933 1.80
Nifty 50 Top 3 Losers Domestic News
Company 29-Aug Prev_Day
Coal India 286 295 -2.85
Power Grid 193 197 -2.08
RIL 1294 1319 -1.88
Advance Decline Ratio
Advances 1254 845
Declines 1451 953
Unchanged 171 93
Institutional Flows (Equity)
FII Flows* -1401
MF Flows** 76406
Aug 2018; **28
YoY(%) Current Year Ago
Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI
from 2010 to 2012
• The government has increased its estimate of food grain production for
the current crop year, which ends in Jun 2018. Normal rains in the last
monsoon had increased production of wheat, coarse, rice, pulses and
cereals. The fourth advance estimates of major crops by the agriculture
ministry have raised the May forecast by 1.9% and estimated output at a
record 284.83 million tonne. The previous record was in 2016-17 at
275.11 million tonne. The fifth and final estimate will be released in Dec-
• The Department of Industrial Policy and Promotion (DIPP) does not
want foreign direct investment (FDI) in inventory-based ecommerce.
DIPP said there is need for a regulator to supervise the sector. The
department of commerce had planned up to 49% FDI in inventory-based
ecommerce for goods made 100% locally.
• The Union cabinet has approved an extra 2% hike in Dearness
Allowance (DA) and Dearness Relief (DR). This move will benefit around
1.1 crore central government employees and pensioners. It would pinch
the exchequer by Rs. 6,112.20 crore per annum for DA and Rs. 4,074.80
crore for DR in 2018-19. The hike will come into effect from Jul 1, 2018.
• According to media reports, the Reserve Bank of India could be
decreasing the circulation of Rs. 2000 currency notes. The step would be
in the direction of limiting hoarding of the high-value note and
proliferation of black money. The proportion of Rs. 2,000 currency notes
in circulation has dropped to 37% of total notes, from 50% previously.
• According to a poll by a leading news agency, India could have grown
7.6% in the Apr-Jun quarter. The reasons behind growth have been given
as improvement in manufacturing and exports. In a poll of 50
economists, the median consensus put annual economic growth a little
lower than the near two-year high of 7.7% in the Jan-Mar
quarter. Forecasts ranged between 7.0% and 8.0%. The results point at
strong domestic demand on the back of manufacturing activity.
Manufacturing activity was solid in spite of increased oil prices and a
• Majority of the Asian markets closed higher, driven by optimism over
the highly anticipated meeting between U.S. and Canada regarding the
future of the three-nation North American Free Trade Agreement.
Investors also awaited the China's official factory PMI for Aug, scheduled
on Aug 31. Today (as of Aug 30), Asian markets opened on a mixed note.
Gains in Wall Street’s last session and Canada’s rejoining of negotiations
for NAFTA boosted the indices. Investors likely remained focused on few
key economic data scheduled later in the day. Nikkei grew 0.27% and
Hangseng fell 0.27% (as at 8.a.m. IST).
• As per the last close, European markets closed on a mixed note as
investors remained focused towards renewed trade talks between the
U.S., Canada, and Mexico and the ongoing Brexit negotiations between
the U.K. and the European Union.
• As per the last close, U.S markets closed higher following gains in
technology (tech) stocks after a multinational investment bank raised its
target price for two major U.S. tech stocks. Also, optimism over renewed
trade talks between the U.S., Canada, and Mexico boosted the indices.
• Indian equity markets witnessed substantial sell off in the last hour of
the trading session to close in the red. Rise in global crude oil prices due
to withholding of supply by Iran coupled with depreciating rupee, which
hit record low of Rs. 70.59 per U.S. dollar, contributed to the market
• Investor sentiments were hardly impacted by the Union Cabinet’s
approval of an additional instalment of dearness allowance for central
government employees and dearness relief to pensioners effective from
Jul 1, 2018. Market participants remained cautious ahead of the expiry of
August series of F&O, scheduled on Aug 30.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.45% and
0.40% to close at 38722.93 and 11691.90, respectively. Meanwhile, up-
move was seen in broader markets with S&P BSE Mid-Cap and S&P BSE
Small Cap rising by 0.47% and 0.05%, respectively.
• On the BSE sectoral front, majority of the indices closed in the red. S&P
BSE Energy was the major loser, down 1.13%, followed by S&P BSE
Telecom and S&P BSE Teck, which fell 0.71% and 0.50%, respectively. S&P
BSE IT and S&P BSE Healthcare slipped 0.41% and 0.38%, respectively.