GlobalIndices 22‐Mar Prev_Day Abs.Change
DowJones 25,502 25,963 ‐460 ‐1.77
Nasdaq 7,643 7,839 ‐196 ‐2.50
FTSE 7,208 7,355 ‐148 ‐2.01
Nikkei 21,627 21,609 18 0.09
HangSeng 29,113 29,072 42 0.14
IndianIndices 22‐Mar Prev_Day Abs.Change
S&PBSESensex 38,165 38,387 ‐222 ‐0.58
Nifty50 11,457 11,521 ‐64 ‐0.56
Nifty100 11,614 11,681 ‐68 ‐0.58
NiftyBank 29,583 29,832 ‐250 ‐0.84
SGXNifty 11,468 11,561 ‐93 ‐0.80
S&PBSEPower 2,001 1,984 17 0.85
S&PBSESmallCap 14,759 14,824 ‐66 ‐0.44
S&PBSEHC 14,182 14,280 ‐98 ‐0.69
Date P/E Div.Yield P/E Div.Yield
22‐Mar 27.68 1.15 28.08 1.18
MonthAgo 22.92 1.20 26.32 1.25
YearAgo 22.76 1.19 24.67 1.29
Company 22‐Mar Prev_Day
NTPC 135 129 4.18
L&TLtd. 1395 1371 1.74
AsianPaints 1471 1456 1.04
Company 22‐Mar Prev_Day
BhartiInfratel 316 325 ‐2.75
TataMotors 175 180 ‐2.66
BPCL 379 389 ‐2.62
Advances 1001 644
Declines 1723 1192
Unchanged 135 102
YoY(%) Current YearAgo
• Indian equity markets ended lower as growth worries made investors
book profit after the recent rally. The reason for investor concern was a
major global rating agency cut India's GDP growth forecast for FY20 to
6.8% from its previous estimate of 7%. The agency said the country is
seeing weaker than expected momentum in the economy.
• Key benchmark indices S&P BSE Sensex lost 0.58% and Nifty 50 lost
0.56% to close at 38,164.61 and 11,456.90, respectively. S&P BSE Mid‐Cap
and S&P BSE Small Cap lost 0.59% and 0.44%, respectively.
• The overall market breadth on BSE was weak with 1001 scrips advancing
and 1723 scrips declining. A total of 135 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Power was the major gainer, up
0.85%, followed by S&P BSE Realty and S&P BSE Capital Goods, up 0.7%
and 0.6%, respectively. S&P BSE Utilities and S&P BSE Basic Materials
gained 0.5% and 0.08%, respectively. The biggest loser was S&P BSE
Energy down 2.01%, followed by S&P BSE Telecom and S&P BSE Auto,
down 1.42% and 1.26%, respectively. S&P BSE Oil and Gas and S&P BSE
Bankex were down 1.25% and 0.75%, respectively.
• The government has crossed its disinvestment target for FY19 by Rs.
5,000 crore and the proceeds have touched Rs. 85,000 crore. The
government has mopped up Rs. 9,500 crore from the fifth tranche of CPSE
ETF and Rs. 14,500 crore from the REC‐PFC deal. The disinvestment target
has been fixed at Rs. 90,000 crore for the next fiscal.
• The International Monetary Fund (IMF) said India has been one of the
fastest growing large economies in the world. The bank asserted that the
country has carried out several key reforms in the last five years. It also
added that more needs to be done. Indian economy details will be
revealed in the scheduled World Economic Outlook (WEO) survey report,
which will be released by IMF before the annual spring meeting with the
World Bank in April. This report will be the first under IMF’s new chief
economist, who is an Indian American.
• According to Employees' Provident Fund Organisation (EPFO) data, net
employment generation in the formal sector touched a 17‐month high of
8.96 lakh in Jan 2019. The EPFO has been releasing payroll data from Apr
2018, covering the period starting from Sep 2017. The addition in Jan was
131% higher compared with 3.87 lakh EPFO subscribers added in the year‐
ago month. In Sep 2017, a net of 2,75,609 jobs were created. Around
76.48 lakh new subscribers were added to social security schemes of EPFO
from Sep 2017 to Jan 2019, the data showed. This indicates that these
many jobs were created in the formal sector over the past 17 months.
• The food ministry has asked states to make sure that sugar mills are not
selling sugar at below the minimum selling price (MSP). MSP has been
increased recently to Rs. 31 a kilogram from Rs. 29 earlier. In a
communication to all the principal secretaries of sugar‐producing states,
the ministry said mills must follow the Sugar Price (Control) Order, 2018,
which directs them to sell sugar at the MSP. The department had found
that some mills are selling sugar either at below MSP or at MSP inclusive
of GST to liquidate their stock.
• Asian equity markets were subdued as the initial enthusiasm over the
U.S. Federal Reserve’s dovish stance faded. Investors looked ahead to a
new round of high‐level U.S.‐China trade negotiations, which will start in
Beijing next week. Also, European Union leaders agreed on a plan to delay
the Article 50 process. Today (as of Mar 25), Asian markets opened steeply
lower following decline on global growth concerns. Both Nikkei and Hang
Seng were trading lower 3.06% and 1.93%, respectively (as at 8 a.m. IST).
• As per the last close, European markets fell sharply on increasing worries
about global economic growth. Latest data showed contraction in euro
zone service sector activity. While France's service sector growth slowed
to its lowest level in 2 months, Germany's private sector growth fell to the
slowest pace in six years.
• As per the last close, U.S markets declined partially due to profit taking
after Thursday’s strong rise. Lingering uncertainty about trade discussions
between the U.S. and China further weighed on the markets ahead of
another round of high‐level negotiations in the new week.