Global Indices 29-Nov Prev_Day Abs. Change
Dow Jones 25,339 25,366 -28 -0.11
Nasdaq 7,273 7,292 -19 -0.25
FTSE 7,039 7,005 34 0.49
Nikkei 22,263 22,177 86 0.39
Hang Seng 26,451 26,683 -232 -0.87
Indian Indices 29-Nov Prev_Day Abs. Change
S&P BSE Sensex 36,170 35,717 453 1.27
Nifty 50 10,859 10,729 130 1.21
Nifty 100 11,066 10,940 126 1.15
Nifty Bank 26,940 26,458 482 1.82
SGX Nifty 10,860 10,715 145 1.35
S&P BSE Power 1,914 1,924 -10 -0.53
S&P BSE Small Cap 14,353 14,321 31 0.22
S&P BSE HC 14,082 13,983 98 0.70
Date P/E Div. Yield P/E Div. Yield
29-Nov 23.85 1.19 26.27 1.22
Month Ago 21.32 1.34 24.65 1.31
Year Ago 24.83 1.16 26.51 1.07
Nifty 50 Top 3 Gainers
Company 29-Nov Prev_Day
Bajaj Auto 2724 2604 4.61
Kotak Bank 1213 1160 4.54
Hindalco 225 216 3.91
Nifty 50 Top 3 Losers Domestic News
Company 29-Nov Prev_Day
HCL Tech 1013 1043 -2.84
Power Grid 181 184 -2.06
ONGC 141 143 -1.54
Advance Decline Ratio
Advances 1310 889
Declines 1305 906
Unchanged 143 105
Institutional Flows (Equity)
FII Flows* -36966
MF Flows** 114879
Nov 2018; **28
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 gained yet again as the rupee strengthened, oil
prices slid and U.S. Fed chief's speech gave investors confidence. The
rupee ended at 3-month high and crude touched the lowest level since
Oct 2017. The combination of a strong rupee and weak oil prices augurs
well for the country’s inflation. Investors saw Fed chairman’s comments
to be dovish as he stated that policy rate is below the neutral rate. A
neutral rate refers to a level which neither stimulates nor confines
economic growth. This could mean Fed may go slow with interest rate
hike in 2019.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 1.27% and
1.21% to close at 36,170.41 and 10,858.70, respectively. S&P BSE Mid-Cap
gained 0.62%, while S&P BSE Small Cap increased 0.22%.
• On the BSE sectoral front, S&P BSE Metal was the major gainer, up
2.01%, followed by S&P BSE Bankex, up 1.75%, and S&P BSE Finance, up
1.66%. S&P BSE Energy and S&P BSE Basic Materials gained 1.48% and
1.41%, respectively. S&P BSE Information Technology was the major loser,
down 1%, followed by S&P BSE Utilities and S&P BSE Teck, down 0.73%
and 0.7%, respectively.
• The Central Statistical Office (CSO) has released the revised GDP figures.
Recalibrating data of past years using 2011-12 as the base year in place of
2004-05, the CSO estimated that India's GDP grew 8.5% in 2010-11 (April
2010 to March 2011) and not 10.3% as previously estimated. Similarly,
9.3% growth rate each in 2005-06 and 2006-07 was lowered to 7.9% and
8.1%, respectively, while 7.7% rate was now estimated for 2007-08
instead of 9.8%.
• Indian companies’ foreign borrowings decreased almost 66% to $1.41
billion in Oct 2018, according to Central Bank's data. India Inc had
borrowed $4.09 billion from overseas markets through external
commercial borrowings as well as foreign currency convertible bonds in
Oct 2017. There was additional borrowings of $314.99 million through
rupee denominated bonds in the year-ago period but remained
unchanged in Oct 2018. Of the total borrowing amount in Oct 2018,
Indian companies brought in $1.40 billion via the automatic route and the
rest of $8.54 million via approval route.
• Finance minister is in favour of developing a federal institution like GST
Council in the healthcare and farm sectors. He said it is required as states
and Centre both spend on healthcare and have their respective schemes,
which need to be merged to benefit the masses.
• Niti Aayog vice-chairman said India will have to carry out more reforms
and try harder to grow at over 8%. He said, breaching the 8% growth
ceiling is not easy and the government will have to try much harder and
undertake the reforms at the level where it matters.
• China and India have signed a protocol under which India will be able to
export fish meal and fish oil to China. The protocol on hygiene and
inspection needs for the exports was signed during the visit of Chinese
vice minister, general administration of customs to India. This will enable
India to start export of fish meal and fish oil to China, which were hitherto
not allowed. China imports fish oil worth $143.29 million and fish meal
worth $263.43 million per year.
• Asian equity markets were mixed as investors were buoyed by U.S.
Federal Reserve (Fed) chairman’s speech on the one hand and anxious
over the upcoming G20 meeting on the other. The Fed chairman said
current interest rate is 'just below a range of estimates of so-called
neutral level. Today (as of Nov 30), Asian markets opened higher as
investors were optimistic that the upcoming meeting between the U.S.
President and Chinese leader may ease escalating trade tensions between
the two countries. Both Nikkei and Hangseng were trading up 0.13% and
0.35%, respectively (as at 8.a.m. IST).
• As per the last close, European markets closed almost higher following
dovish comments from Fed’s chairman that U.S. interest rates were just
below neutral, implying that Fed's three-year tightening cycle is near to
close. However, lingering uncertainty about trade dispute between U.S.
and China restricted the gains.
• As per the last close, U.S markets closed lower following disappointing
economic data. Investor sentiment dampened further as hopes of a trade
deal to be struck between China and the U.S. lowered.