GlobalIndices 01‐Jun Prev_Day Abs.Change
DowJones 24,635 24,416 219 0.90
Nasdaq 7,554 7,442 112 1.51
FTSE 7,702 7,678 24 0.31
Nikkei 22,171 22,202 ‐30 ‐0.14
HangSeng 30,493 30,469 24 0.08
IndianIndices 01‐Jun Prev_Day Abs.Change
S&PBSESensex 35,227 35,322 ‐95 ‐0.27
Nifty50 10,696 10,736 ‐40 ‐0.37
Nifty100 11,014 11,064 ‐50 ‐0.45
NiftyBank 26,693 26,956 ‐263 ‐0.98
SGXNifty 10,684 10,732 ‐49 ‐0.45
S&PBSEPower 2,089 2,129 ‐40 ‐1.89
S&PBSESmallCap 16,979 17,249 ‐270 ‐1.57
S&PBSEHC 12,945 13,003 ‐57 ‐0.44
Date P/E Div.Yield P/E Div.Yield
1‐Jun 23.23 1.14 27.09 1.23
MonthAgo 23.83 1.12 26.66 1.19
YearAgo 22.57 1.29 24.34 1.19
Company 01‐Jun Prev_Day
BajajAuto 2897 2750 5.32
Maruti 8809 8537 3.18
BhartiAirtel 384 374 2.70
Company 01‐Jun Prev_Day
AurobindoPharma 535 556 ‐3.77
EicherMotors 29869 30781 ‐2.96
GAIL 341 351 ‐2.72
Advances 674 439
Declines 2024 1382
Unchanged 127 71
YoY(%) Current YearAgo
• Indian equity markets initially opened on a positive note after India’s
gross domestic product for fourth quarter 2018 surged to 7.7%. H owever,
the indices ended in the red following losses in financial stocks, slowdown
in India's manufacturing s ector a ctivity in M ay 2018 and intensifying trade
war concerns. However, gains in auto stocks after some a uto maj ors
gained on accelerated sales of two‐wheelers and co mmercial v ehicles in
May 2018 restricted the losses.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.27% and
0.37% to close at 35,227.26 and 10,696.20, respectively. S&P BSE Mid‐
Cap and S&P BSE SmallCap fell 1.01% and 1.57%.
• The overall market breadth on BSE was weak with 2,024 scrips declining
and 674 scrips advancing. A total of 127 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Power was the major loser, down
1.89% followed by S&P BSE Utilities and S&P BSE Basic Materials that fell
1.68% a nd 1.26%, respectively. S&P BSE Realty and S&P BSE Information
Technology fell 1.07% and 0.94%, respectively.
• The Nikkei Manufacturing Purchasing Managers’ Index (PMI) fell to 51.2
in May 2018 from 51.6 in Apr 2018 due to w e aker expansions in output
and new orders and employment. This is the tenth consecutive month
when index came in above the threshold of 50.0. The data indicates
growth, however at a m odest pace.
• The Unique Identification Authority of India (UIDAI) has reduced the
daily minimum Aadhaar enrolment or updation target for stipulated bank
branches by half, to eight. T his will be effective from Jul 1, 2018 and
marks a major sigh of relief for banks. Also, U IDAI stated that the banks
attaining the fresh target for Jul 2018 will not have to face financial
disincentives up to that month.
• According to the Finance Ministry, the government has collected Rs.
94,016 crore in the form of goods and services tax (GST) against an
average collection of nearly Rs. 90,000 crore per month in FY 2017‐18.
The finance ministry further added that Rs. 15,866 crore was collected as
CGST, Rs. 21,691 crore as SGST, Rs. 49,120 crore IGST (including Rs.
24,447 crore collected on imports) and cess as Rs. 7,339 crore (including
Rs 854 crore collected on imports).
• According to a major credit rating agency, losses by state‐run banks
have erased the $13‐billion capital infusion by the government. Als o, the
agency stated that the situation is not expected to improve in the FY19. It
warned that the banks’ viability ratings will be pressurized with big losses.
• According to media reports, domestic sales of Tata Motors grew 58% to
54,295 units in May 2018 which can be attributed to upbeat s ales in the
commercial and passenger vehicle segments. Tata Motors sold 34,461
units in the same month of the previous year.
• According to media reports, Oil and Natural Gas Corporation (ONGC)
witnessed a 36% jump in profit in the quarter ended Mar 2018 due to
higher global crude oil prices and lower statutory levies. ONGC
acknowledged the fact that increase in global crude oil prices benefitted
the company as it resulted in higher petrol and diesel prices in the
• Asian markets traded low ahead of the U.S. non‐farm payroll data and
on concerns over probable trade war after the U.S. announced that it
might impose tariffs on imported steel and aluminium from the EU,
Canada and Mexico. However, improved economic data from China and
Japan provided some support after survey data from IHS Markit indicated
that China's manufacturing activity expanded at a steady pace in May and
the latest survey from Nikkei showed that the manufacturing sector in
Japan continued to expand i n May. Today (As of June 04) , Asian markets
opened higher following gains on the Wall Street overnight. Both Nikkei
and Hang Seng index were trading higher 1.27% and 1.12%, respectively
(as at 8 a.m. IST).
• As per the last close, European market rose following as investor
sentiment received a boost from the news that Italy has managed to form
a new government and that Spain will get a new Prime Minister.
• As per the last close, U.S markets went up strongly following better
than expected U.S. nonfarm payroll data for May 2018.