GlobalIndices 29‐Jan Prev_Day Abs.Change
DowJones 26,439 26,617 ‐177 ‐0.67
Nasdaq 7,467 7,506 ‐39 ‐0.52
FTSE 7,672 7,666 6 0.08
Nikkei 23,629 23,632 ‐3 ‐0.01
HangSeng 32,967 33,154 ‐187 ‐0.56
IndianIndices 29‐Jan Prev_Day Abs.Change
S&PBSESensex 36,283 36,050 233 0.65
Nifty50 11,130 11,070 61 0.55
Nifty100 11,505 11,459 46 0.40
NiftyBank 27,498 27,446 53 0.19
SGXNifty 10,940 11,070 ‐130 ‐1.17
S&PBSEPower 2,330 2,348 ‐17 ‐0.74
S&PBSESmallCap 19,129 19,342 ‐213 ‐1.10
S&PBSEHC 14,891 15,029 ‐138 ‐0.92
Date P/E Div.Yield P/E Div.Yield
29‐Jan 26.38 1.07 27.71 1. 02
MonthAgo 25.22 1.12 26.92 1. 08
YearAgo 21.76 1.42 23.00 1. 28
Company 29‐Jan Prev_Day
Maruti 9631 9278 3.80
EicherMotors 27454 26519 3.52
HDFCLtd. 1968 1908 3.11
Company 29‐Jan Prev_Day
Dr.Reddy 2357 2508 ‐6.01
Lupin 912 950 ‐3.94
GAIL 474 494 ‐3.93
Advances 955 548
Declines 1898 1267
Unchanged 178 49
YoY(%) Current YearAgo
• As part of the reform process under the Reserve Bank of India’s (RBI)
Prompt Corrective Action (PCA), the Ministry of Finance would soon
initiate a performance review of heads of Public Sector Banks (PSBs). So
far, RBI has put 12 PSBs under screener based on performance
parameters like unexpected level of high non‐performing assets (NPAs),
low capital level, low return on assets, e tc. However, performance review
of the top‐level management of all such banks would be undertaken
• According to India Ec onomic Sur vey 2018, number o f tax payers has
increased to 10.1 million as c ompared to an average of 6.2 million in the
preceding six years, post demonetisation. As per the survey, economic
growth for FY19 is expected in the range of 7% ‐7.5%, c ompared with
6.5% growth forecasted for FY18. The survey shows that the government
might meet fiscal deficit target of 3.2% for FY18. The survey also indicated
that the average retail inflation has declined to a six‐year low of 3.3% in
FY18, with the economy moving towards a more stable price regime.
• India Economic Survey 2018 indicated that pause in government’s fiscal
consolidation programme cannot be ruled out. This comes on the wake of
largely fiscal developments at the centre. The fiscal deficit for the first
eight months of FY18 reached 112% of the total for 2017, significantly up
from 89% norm (average of last 5 years) mainly due to shortfall in non‐tax
• Housing Development Finance Corporation’s net profit grew to Rs.
5,670 crore for the third quarter ended Dec 2017, from net profit of Rs.
1,701 crore in the previous year period. The upside was driven by gains
from sale of part stake in HDFC Standard Life Insurance Ltd, after listing.
• T ech Mahindra’s consolidated net profit g rew 10.2% YoY to Rs. 9.43
billion for the third quarter ended Dec 2017, from Rs. 8.56 billion i n the
prior year period. Meanwhile, the consolidated revenue for the quarter
came in at Rs. 77.76 billion, up 2.9% from Rs . 75.57 billion in the year‐ago
• Majority of the Asian markets closed on a positive note following
upbeat quarterly earning numbers from some industry majors and
steadiness in the U.S. dollar after witnessing recent weakness.
Meanwhile, C hinese markets fell as investors booked profits after recent
strong gains. Today (As of Jan 30), Asian markets opened lower following
decline on the Wall Street overnight. Both Nikkei and Hang Seng were
trading lower 0.83% and 0.29%, respectively (8 a.m. IST).
bound session. Market p articipants remained cautious ahead of a slew of
corporate earnings, the U.S. Federal Reserve policy meeting and jobs data
later in the week.
• As per the last close, U.S market fell as market participants book profits
after the recent gains in the market and ahead of the U.S. Federal
Reserve policy meeting and jobs data later in the week.
• Indian equity markets ended in the green a fter the Economic Survey
report showed that the economic growth would accelerate in FY19 and
would grow by 7‐7.5%, compared with 6.75% growth projected for FY18.
However, gains were capped as t he report also noted that a pause in
general government fiscal consolidation relative t o 2016‐2017 cannot be
ruled out. Meanwhile, the beginning of February d erivatives contracts
supported buying interest.
• Key benchmark indices S&P BSE Sensex and Nifty 50 rose 0.65% and
0.55% to close at 36,283.25 and 11,130.40, respectively. However, S&P
BSE Mid‐Cap and S&P BSE Small‐Cap fell 0.73% and 1.10%, respectively.
• The overall market breadth on BSE was weak with 1,898 scrips declining
and 955 scrips advancing. A total of 178 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Auto was the top gainer, up 1.6%,
followed by S&P BSE Information Technology and S&P BSE Teck, which
rose 1.16% and 0.92%, respectively. S&P BSE Consumer Durables and S&P
BSE Consumer Discretionary Goods & Services rose 0.6% and 0.56%,