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NIPUN - Daily News and Market Round-Up

EQUITY MARKET ROUNDUP

15 January 2020 Today 16 January 2020 Change
Nifty Fifty 12343.30 12355.50 12.20
Sensex 41872.73 41932.56 59.83
Nifty MidCap 100 17836.10 17985.10 149.00
Nifty SmallCap 100 6229.30 6270.90 41.60
Sensex P/E (Trailing) 26.20 26.22 0.02
Nifty Fifty P/E (Trailing) 28.63 28.62 -0.01
Nifty MidCap 100 P/E (Trailing) 26.02 26.26 0.24
Nifty SmallCap 100 P/E (Trailing) 102.43 104.75 2.32

DEBT MARKET ROUNDUP

(Weighted average yeild) 15 January 2020 16 January 2020 Change
Call Rates call rates 4.95 4.94 -0.01
Repo 4.62 4.61 -0.01
TREP 4.98 4.88 -0.10
10 year G-Sec 6.9095 6.8924 -0.0171
Market and Economy

IL&FS case: NCLAT to provide formula for distribution of proceeds among creditors

The tribunal have also asked some of the lenders to file revised framework proposed by the Ministry of Corporate Affairs within a week, stating their position in the resolution of IL&FS group, which has a cumulative debt of over Rs 90,000 crore.

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Govt mulls no tax on LTCG with 2-year holding period in Budget 2020

The government may also tweak the definition of ?long term? from one year to two years, people with knowledge of the discussions said. Currently, 10% tax is levied on LTCG.

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Banks loan growth at 7.5% in fortnight to Jan 2: RBI data

In the previous fortnight ended December 20, credit had grown by 7.10 per cent to Rs 99.47 lakh crore and deposits had increased by 10.09 per cent to Rs 130.08 lakh crore. On a year-on-year basis, banks' credit growth slowed to 7.2 per cent to Rs 86.73 lakh crore in November 2019 from 13.8 per cent to Rs 80.93 lakh crore in the year-ago period.

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UN lowers India growth forecast; expects momentum to pick up in 2020

According to the United Nations World Economic Situation and Prospects (WESP) 2020, a growth rate of 2.5 per cent is possible in 2020, but a flare up of trade tensions, financial turmoil, or an escalation of geopolitical tensions could derail a recovery.

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Amfi pitches for debt-linked saving schemes

The industry body has also demanded that the government recognise mutual funds (MFs) as specified long-term assets, qualifying for Long-Term Capital Gains (LTCG), as well as bring ULIPs of life insurance companies and equity MF schemes on par.

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RCEP offers $125 billion market for domestic companies

RCEP offers a market potential of $125-million to Indian firms, as per a World Trade Centre study.

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BNP sees Sensex at 44500 by year-end, turns bearish on the consumer sector

FMCG spending could also be impacted due to rise in telecom tariffs.

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