Global Indices 17-Sep Prev_Day Abs. Change
Dow Jones 26,062 26,155 -93 -0.35
Nasdaq 7,896 8,010 -114 -1.43
FTSE 7,302 7,304 -2 -0.03
Nikkei Closed 23,095 NA NA
Hang Seng 26,933 27,286 -354 -1.30
Indian Indices 17-Sep Prev_Day Abs. Change
S&P BSE Sensex 37,586 38,091 -505 -1.33
Nifty 50 11,378 11,515 -137 -1.19
Nifty 100 11,657 11,792 -135 -1.15
Nifty Bank 26,820 27,164 -344 -1.26
SGX Nifty 11,401 11,551 -150 -1.30
S&P BSE Power 2,111 2,108 3 0.14
S&P BSE Small Cap 16,663 16,671 -8 -0.05
S&P BSE HC 16,062 16,236 -175 -1.08
Date P/E Div. Yield P/E Div. Yield
17-Sep 24.05 1.19 27.66 1.18
Month Ago 24.69 1.16 28.11 1.17
Year Ago 24.13 1.20 26.24 0.94
Nifty 50 Top 3 Gainers
Company 17-Sep Prev_Day
BPCL 364 355 2.68
HPCL 258 253 2.26
Eicher Motors 29664 29384 0.95
Nifty 50 Top 3 Losers Domestic News
Company 17-Sep Prev_Day
Sun Pharma 646 665 -2.86
Bharti Infratel 267 275 -2.82
Bajaj Finance 2605 2672 -2.53
Advance Decline Ratio
Advances 1265 810
Declines 1465 1020
Unchanged 184 87
Institutional Flows (Equity)
FII Flows* -5644
MF Flows** 80660
Sep 2018; **12
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
• India has introduced an anti-subsidy probe into increased imports of
select copper wire rods from Indonesia, Malaysia, Thailand and Vietnam.
The probe comes following complaints by domestic players. As per a
notification from the Directorate General of Trade Remedies (DGTR),
there is "prima facie evidence" of existence of subsidies on production
and exports of 'continuous cast copper wire rods' in these four countries.
As per DGTR, such subsidised imports are hurting the domestic industry
with their volume and price effects.
• Under the government’s flagship scheme Pradhan Mantri Krishi Sinchai
Yojana (PMKSY), the National Bank for Agriculture and Rural
Development (NABARD) has approved Rs. 65,634.93 crore loan so far to
93 prioritised irrigation projects. Under the PMKSY, through long term
irrigation fund (LTIF), NABARD is funding the central and state share of
99 prioritised irrigation projects.
• According to the media reports, the government will further extend the
deadline for the imposition of higher customs duties on 29 products,
including almond, walnut and pulses, imported from the U.S. India
decided to impose tariffs from Aug 4, 2018 in Jun 2018, however, it had
extended it till Sep 18, 2018. The hike came in as a retaliation to the
decision of U.S. President taken on Mar 9, 2018 for imposition of heavy
tariffs on imported steel and aluminium items.
• According to the media reports, the procedure to avail export
incentives under the Merchandise Exports from India Scheme (MEIS)
scheme has been simplified by the Directorate General of Foreign Trade
(DGFT). The move comes on the wake of promoting ease of doing
business for exporters. Under MEIS, the government provides duty
benefits depending on the product and country. As per the reports, DGFT
has started the process of system driven approval of the MEIS claim
applications from Sep 17 in respect of exports made through electronic
data interface shipping bills.
• Asian markets mostly traded low on worries over global trade tension
after the U.S. – Canada trade talks ended without any conclusion and the
U.S. President has hinted to impose fresh tariffs on Chinese imports.
Japanese market remained closed on account of public holiday. Today
(as of Sep 18), Asian markets opened on a mixed note as investors
remained cautious amid escalating trade tensions between the U.S. and
China. Nikkei grew 0.86% and Hangseng fell 0.99% (as at 8.a.m. IST).
• As per the last close, European markets closed on a mixed note as
investors remained cautious amid ongoing global trade concerns.
Reports that U.S. President intends to proceed with plans to impose
tariffs on $200 billion worth of Chinese goods soon weighed on the
indices. However, gains in retail stocks boosted the indices.
• As per the last close, U.S markets closed on a lower note due to
lingering trade concerns. U.S. President stated that an announcement on
trade with China would be made after the close of trading. Weakness in
technology, and semiconductor stocks weighed on the indices.
• Indian equity markets were dragged by weak global cues after U.S.
President decided to impose fresh tariffs on $200 billion of Chinese
goods. Investor sentiments were further dented as a global research and
brokerage firm cut its Indian equities rating to ‘market-weight’ from
‘over-weight’, after remaining ‘strategically overweight’ on the same
since 2014. It expects the markets to consolidate ahead of the general
elections and maintains a 12-month Nifty 50 target of 12,000.
• Key benchmark indices S&P BSE Sensex and Nifty 50 fell 1.33% and
1.19% to close at 37585.51 and 11377.75, respectively. S&P BSE Mid Cap
and S&P BSE Small Cap fell 0.76% and 0.05% respectively.
• The overall market breadth on BSE was weak with 1465 scrips declining
and 1265 scrips advancing. A total of 184 scrips remained unchanged.
• On the BSE sectoral front, barring S&P BSE Realty, S&P BSE Power and
S&P BSE Utilities, all the indices closed in the red. S&P BSE Finance was
the major loser, down 1.44%, followed by S&P BSE Energy and S&P BSE
Consumer Durables, which fell 1.30% and 1.25%, respectively. S&P BSE
FMCG and S&P BSE Bankex slipped 1.20% and 1.08%, respectively.