Global Indices 06-Mar Prev_Day Abs. Change
Dow Jones 24,884 24,875 9 0.04
Nasdaq 7,372 7,331 41 0.56
FTSE 7,147 7,116 31 0.43
Nikkei 21,418 21,042 376 1.79
Hang Seng 30,511 29,886 624 2.09
Indian Indices 06-Mar Prev_Day Abs. Change
S&P BSE Sensex 33,317 33,747 -430 -1.27
Nifty 50 10,249 10,359 -110 -1.06
Nifty 100 10,603 10,715 -112 -1.04
Nifty Bank 24,448 24,819 -370 -1.49
SGX Nifty 10,245 10,363 -119 -1.14
S&P BSE Power 2,171 2,196 -24 -1.11
S&P BSE Small Cap 17,652 17,888 -236 -1.32
S&P BSE HC 13,790 13,948 -158 -1.13
Date P/E Div. Yield P/E Div. Yield
6-Mar 23.06 1.18 25.02 1.21
Month Ago 24.09 1.14 25.37 1.08
Year Ago 22.10 1.41 23.27 1.24
Nifty 50 Top 3 Gainers
Company 06-Mar Prev_Day
BPCL 445 434 2.51
Zee Entertainment 560 552 1.39
Ultratech Cem 4150 4095 1.34
Nifty 50 Top 3 Losers Domestic News
Company 06-Mar Prev_Day
Sun Pharma 532 549 -3.06
ICICI Bank 295 303 -2.74
M&M 720 740 -2.66
Advance Decline Ratio
Advances 649 359
Declines 2059 1437
Unchanged 147 61
Institutional Flows (Equity)
FII Flows* 1105
MF Flows** 22284
Mar 2018; **26
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
• Indian equity markets closed in the red amid weakness in banking
stocks. Banking stocks continued to remain under pressure as chiefs of
two major private banks were investigated by Serious Fraud Investigation
Office, seeking explanation over loans given to one of the largest branded
jewellery retailers in connection with a public sector bank fraud case.
• However, positive cues from Asian markets amid easing concerns over
U.S. President’s plan to impose tariffs on steel and aluminium imports
supported buying interest.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 1.27% and
1.06% to close at 33,317.20 and 10,249.25, respectively. S&P BSE Mid-Cap
and S&P BSE Small-Cap fell 0.84% and 1.32%, respectively.
• On the BSE sectoral front, S&P BSE Realty was the top loser, down
2.21%, followed by S&P BSE Telecom and S&P BSE Bankex which fell
1.68% and 1.44%, respectively. S&P BSE Auto and S&P BSE Finance fell
1.36% and 1.35%, respectively. Among the gainers, S&P BSE Consumer
Durables was the only gainer, up 0.1%.
• The Reserve Bank of India announced that it will inject Rs. 1 lakh crore
short term money into the banking system ahead of end of financial year
that normally sees cash crunch. The move is likely to keep short term
rates under check benefiting borrowing companies. The central bank will
use a combination of appropriate instruments for such fund infusion,
while continuing with its normal liquidity adjustment facility (LAF)
operations. RBI will conduct four variable repo operations of Rs. 25,000
crore each beginning March 6, 2018.
• According to a major credit rating agency, economy will grow up to 7.5%
in FY19 driven by domestic consumption, policy push, and synchronised
global growth. Meanwhile, the agency expects GDP growth of 6.5% in
• According to the media reports, as proposed in the budget for 2018-19,
the government may go slow on allowing employers across sectors to
recruit workers on fixed-term contracts for all kinds of jobs. The measure
comes on the wake of enhancing ease of doing business.
• According to media reports, JSW Energy has acquired JSW Electric
Vehicles Private Ltd. According to JSW Energy, the acquisition of JSW
Electric Vehicles is part of its diversification strategy to make foray into
the segment of electric vehicles, energy storage systems and charging
• According to media reports, Jubilant FoodWorks has entered into a joint
venture with Golden Harvest QSR, a part of the diversified Golden Harvest
group that has interests across food, dairy, logistics and commodities, to
launch Domino’s Pizza in Bangladesh.
• According to media reports, ONGC Videsh Ltd., the overseas arm of
state-owned oil and natural gas company has signed an agreement with
Iran's IDRO Oil to jointly bid for a $1 billion contract for development of
Susangerd oil field in southern Iran.
• According to media reports, Microsoft has entered the first renewable
energy deal in India for powering its new facility in Bengaluru.
• Most of the Asian markets traded in the green on easing concerns of
global trade war after the U.S. political parties asked the U.S. President to
reconsider his decision of imposing tariffs on steel and aluminum imports.
Chinese market also gained on news that the Chinese securities regulator
might allow the investors to access offshore-listed tech companies via
depositary receipts. Today (As of Mar 7), Asian markets opened lower as
risk appetite was dampened by news that a U.S. President’s economic
advisor would be leaving the administration. Both Nikkei and Hang Seng
were trading down 0.26% and 0.27% (as at 8.a.m. IST).
• As per the last close, European market ended higher as worries over
global trade war and political uncertainty in Italy eased.
• As per the last close, U.S markets ended higher amid easing geopolitical
concerns following reports that North Korea is willing to talk about
denuclearization. However, ongoing debate over tariffs on steel and
aluminum imports restricted the gains.