GlobalIndices 27‐Mar Prev_Day Abs.Change
DowJones 25,626 25,658 ‐32 ‐0.13
Nasdaq 7,643 7,692 ‐48 ‐0.63
FTSE 7,194 7,196 ‐2 ‐0.03
Nikkei 21,379 21,428 ‐50 ‐0.23
HangSeng 28,728 28,567 161 0.56
IndianIndices 27‐Mar Prev_Day Abs.Change
S&PBSESensex 38,133 38,233 ‐101 ‐0.26
Nifty50 11,445 11,483 ‐38 ‐0.33
Nifty100 11,596 11,633 ‐37 ‐0.32
NiftyBank 30,020 29,882 138 0.46
SGXNifty 11,454 11,522 ‐69 ‐0.59
S&PBSEPower 2,025 2,044 ‐19 ‐0.95
S&PBSESmallCap 14,778 14,684 95 0.64
S&PBSEHC 14,102 14,200 ‐98 ‐0.69
Date P/E Div.Yield P/E Div.Yield
27‐Mar 27.78 1.15 28.05 1.18
MonthAgo 26.15 1.20 26.36 1.25
YearAgo 22.93 1.17 24.83 1.28
Company 27‐Mar Prev_Day
YesBank 268 254 5.81
IndusIndBank 1804 1715 5.23
IndiabullsHFC 750 730 2.84
Company 27‐Mar Prev_Day
HPCL 269 277 ‐2.83
NTPC 137 141 ‐2.70
EicherMotors 20974 21382 ‐1.91
Advances 1171 857
Declines 1581 988
Unchanged 149 104
YoY(%) Current YearAgo
• Indian equity markets opened on a positive note with gains in banking
stocks after the Reserve Bank of India (RBI) reportedly injected liquidity
into the system through a forex swap auction of $5 billion. Meanwhile, RBI
received bids for $16.3 billion. However, the trend reversed and the
markets closed in the red as investors book profit after the recent rally.
Investors remained cautious amid mixed global cues over Brexit
uncertainty, U.S. and China trade discussions and global growth worries.
• However, reports of successful launch of the country's anti‐satellite
missile system by the Prime Minister of India demonstrated the nation's
capability to defend its assets in outer space, thereby restricting the
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 0.26% and
0.33% to close at 38,132.88 and 11,445.05, respectively. S&P BSE Mid‐Cap
and S&P BSE Small Cap grew 0.59% and 0.64%, respectively.
• The overall market breadth on BSE was weak with 1,549 scrips declining
and 1,203 scrips advancing. A total of 150 scrips remained unchanged.
• According to media reports, the central government and several state
governments have issued tenders worth 30,549 MW. Out of 30,549 MW,
4,000 MW are wind power projects, 1,800 MW are hybrid (solar+wind)
and the remainiing 24,749 MW are solar power projects. The objective of
the move is to meet the target of 1.75 lakh MW of renewable energy
capacity by 2020 and to achieve more than 2 lakh MW by 2022.
• Data from the World Steel Association showed that India’s crude steel
output in Feb 2019 grew 2.26% to 8.74 million tonne (MT) from 8.54 MT in
the same period of the previous year. The crude steel production for the
137.27 MT in Feb 2019 from 131.99 MT in Feb 2018. China in the same
month produced 70.99 MT crude steel, a jump of 9.33% compared to a
production of 64.93 MT in the same period of the previous year.
• According to a major domestic credit rating agency, the domestic hotel
industry may witness a top line growth of 10% to 11% in 2019 which is
higher than the previous expectation of 8.5%. Demand for room is also
expected to go up by about 8% to 9% on a yearly basis over the medium
term due to increase in domestic travel despite geopolitical concerns and
increase in local airfare.
• According to media reports, the ministry of finance has given its
approval for setting up a precious metals’ board. The board will take
decisions on regulatory and developmental aspects and bring in clarity as
to how the new comprehensive gold policy will be implemented.
• Tata Group, GIC and SSG Capital Management has announced investing
Rs. 8,000 crore to buy a stake in GMR Airports Ltd. After the purchase,
Tata, GIC and SSG will hold 20%, 15% and 10%, respectively.
• India Infrastructure Finance Company Ltd has planned to raise up to Rs.
1,200 crore via bonds to strengthen its capital base.
• As per media reports, Lake Shore India Advisory has bought majority
stake from Phoenix Group in a Hyderabad‐based retail mall for about Rs.
• Larsen & Toubro Infrastructure announced that it has dispatched India's
heaviest hydrocracker before schedule to HPCL for its Visakh refinery.
• Asian markets witnessed a mixed trend amid lingering concerns over the
outlook for the global economy. While, recent developments on Brexit
and U.S.‐China trade talks remained on investors' radar, weak Chinese
industrial profits data for Jan‐ Feb period raised speculation over fresh
stimulus measures by the government. Today (as of Mar 28), Asian
markets opened lower following decline on the Wall Street overnight.
Both Nikkei and Hang Seng were trading lower 1.86% and 0.42%,
respectively (as at 8 a.m. IST).
• As per the last close, European markets closed on a mixed note after a
range bound session. Worries about global economic slowdown and
continued uncertainty about Brexit and U.S.‐China trade agreement led to
a cautious mood among investors.
• As per the last close, U.S markets fell amid decline by U.S. treasury
yields, which extended the downward trend seen over the past few
sessions. The yield on the benchmark ten‐year note ended the day at its
lowest closing level since December of 2017. Long term yields have fallen
amid concerns about the economic outlook.