Global Indices 30-Aug Prev_Day Abs. Change
Dow Jones 25,987 26,125 -138 -0.53
Nasdaq 8,088 8,110 -21 -0.26
FTSE 7,516 7,563 -47 -0.62
Nikkei 22,870 22,848 21 0.09
Hang Seng 28,164 28,416 -252 -0.89
Indian Indices 30-Aug Prev_Day Abs. Change
S&P BSE Sensex 38,690 38,723 -33 -0.08
Nifty 50 11,677 11,692 -15 -0.13
Nifty 100 11,991 11,999 -7 -0.06
Nifty Bank 28,103 28,224 -121 -0.43
SGX Nifty 11,699 11,737 -39 -0.33
S&P BSE Power 2,114 2,099 15 0.71
S&P BSE Small Cap 17,100 17,053 47 0.27
S&P BSE HC 15,606 15,473 132 0.85
Date P/E Div. Yield P/E Div. Yield
30-Aug 24.82 1.15 28.51 1.15
Month Ago 23.53 1.17 28.12 1.19
Year Ago 23.67 1.23 25.54 0.94
Nifty 50 Top 3 Gainers
Company 30-Aug Prev_Day
Bosch 22005 20078 9.60
Sun Pharma 640 621 3.01
Tata Steel 608 594 2.38
Nifty 50 Top 3 Losers Domestic News
Company 30-Aug Prev_Day
Eicher Motors 27602 28189 -2.08
Bajaj Finance 2927 2986 -1.97
HPCL 253 258 -1.80
Advance Decline Ratio
Advances 1436 963
Declines 1281 846
Unchanged 161 91
Institutional Flows (Equity)
FII Flows* -2804
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 Reserve Bank of India (RBI) plans to review marginal cost of funds
based lending rate (MCLR) norms. The central bank could do away with
the mechanism for lending rate calculation. MCLR was launched less
than three years ago. RBI said in its 2017-18 annual report that it would
review MCLR guidelines and subsidiarisation of foreign banks “for the
purpose of fostering competition and re-orienting the banking structure
in India.” Bankers are of the view that this was coming because the
system had not reflected the changes in rates, according to media
• According to media reports, the government’s decision to raise the
price of domestically produced natural gas to $3.50 per million metric
British thermal units for the coming six months could lead to a 15% hike
in prices of natural gas. Earlier in 2018, the government had increased
domestic natural gas price by 6% to $3.06 per million metric British
thermal units, which was applicable for Apr-Sep 2018.
• India has started a countervailing duty inquiry into rising imports of a
Chinese synthetic rubber. This is being done to safeguard domestic
businesses from the cheap imports. The investigation has been at the
behest of the Directorate General of Trade Remedies.
• Cash savings have touched 10-year highs while the share of deposit is
at multi-year lows in spite of demonetisation. Note-ban was expected to
alter the saving habit of Indians, making a gradual shift from cash savings
to financial savings. Currency in circulation stands at Rs. 19.38 lakh crore
as of Aug 17, 2018, which is higher than pre-demonetisation levels.
Household cash savings and currency have increased to 2.8% of national
income, which is the highest in around 10 years. Share of savings in
banks and corporate deposits declined to 2.9%, a decadal low. According
to RBI preliminary data, Indians’ cash savings in FY18 increased after
contracting in FY17.
• Asian equity markets could not hold to early gains as U.S.-China trade
war worries overshadowed investor sentiment. Markets were buoyed by
developments on the NAFTA front but could not sustain gains. Chinese
investors awaited manufacturing data, to be released on Aug 31, 2018.
Also, trade war worries kept the market on its toes. Today (as of Aug 31),
Asian markets opened lower amid reports that U.S. President supported
proposed additional tariffs on Chinese goods going ahead. Nikkei and
Hangseng fell 0.30% and 1.33%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed lower amid reports of
U.S. tariffs on another $200 billion of Chinese goods from Sep 2018.
Further, worries that the response from China may have significant
consequences for the global economy weighed on the indices. Concerns
over Brexit also added to the losses.
• As per the last close, U.S markets closed lower following reports that
U.S. President intends to move ahead with plans to impose tariffs on
another $200 billion of Chinese imports from Sep 2018. Uncertainty of
trade talks between the U.S. and Canada also weighed on the markets.
• Indian equity markets closed marginally lower following the expiry of
Aug 2018 Futures and Options (F&O) contracts. Investor sentiment was
affected after the rupee hit record low of Rs. 70.74 against the U.S.
dollar. Meanwhile, market participants keenly awaited the Jun-quarter
Gross Domestic Product data to be announced on Aug 31.
• Key benchmark indices S&P BSE Sensex and Nifty 50 grew 0.08% and
0.13% to close at 38,690.10 and 11,676.80, respectively. S&P BSE Mid-
Cap and S&P BSE Small Cap grew 0.43% and 0.27%, respectively.
• The overall market breadth on BSE was strong with 1436 scrips
advancing and 1281 scrips declining. A total of 161 scrips remained
• On the BSE sectoral front, S&P BSE Utilities stood as the major gainer,
up 1.43% followed by S&P BSE Telecom that grew 1.27%. S&P BSE Fast
Moving Consumer Goods and S&P BSE Healthcare grew 1.11% and
0.85%. S&P BSE Basic Materials and S&P BSE Metal grew 0.82% and
0.78%. S&P BSE Energy and S&P BSE Finance was the only losers, down
1.06% and 0.41%, respectively.