Global Indices
Global Indices 23-Apr Prev_Day Abs. Change
% Change
Russell 3000 2,561 2,522 39 1.57
Nasdaq 15,697 15,451 245 1.59
FTSE 8,045 8,024 21 0.26
Nikkei 37,552 37,439 114 0.30
Hang Seng 16,829 16,512 317 1.92
Indian Indices 23-Apr Prev_Day Abs. Change
% Change
S&P BSE Sensex 73,738 73,649 90 0.12
Nifty 50 22,368 22,336 32 0.14
Nifty 100 23,116 23,079 37 0.16
Nifty 500 20,653 20,575 78 0.38
Nifty Bank 47,970 47,925 46 0.10
S&P BSE Power 6,968 6,930 39 0.56
S&P BSE Small Cap 46,492 46,008 484 1.05
S&P BSE HC 34,586 34,784 -198 -0.57
Date P/E Div. Yield P/E Div. Yield
23-Apr 24.71 1.13 22.54 1.19
Month Ago 24.83 1.12 22.81 1.21
Year Ago 22.55 1.26 20.61 1.42
Nifty 50 Top 3 Gainers
Company 23-Apr Prev_Day
% Change
Grasim Indus 2370 2281 3.93
Bharti Airtel 1342 1298 3.45
Maruti 12996 12786 1.65
Nifty 50 Top 3 Losers Domestic News
Company 23-Apr Prev_Day
% Change
Sun Pharma 1485 1540 -3.60
BPCL 593 603 -1.73
Indian Oil 168 171 -1.64
Advance Decline Ratio
BSE NSE
Advances 2314 1572
Declines 1512 997
Unchanged 108 85
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 3794
MF Flows** 96642
*23
rd
Apr 2024; **18
th
Apr 2024
Economic Indicator
YoY(%) Current Year Ago
CPI
4.85%
(Mar-24)
5.66%
(Mar-23)
IIP
5.70%
(Feb-24)
6.00%
(Feb-23)
GDP
8.40%
(Dec-23)
4.30%
(Dec-22)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
24 April 2024
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 Market
Indices Performance
P/E Dividend Yield
Sensex
Nifty
2.50%
(Nov-23)
8.10%
(Sep-23)
Quarter Ago
Inflow/Outflow
1333
-2619
5.69%
(Dec-23)
• Indian equity markets extended its gains for third consecutive day amid
positive global cues. The key benchmark indices remained range bound
throughout the session after opening in positive territory as the market's
focus has shifted to corporate earnings for the last quarter of FY24, which
has been mixed so far, after witnessing no major signs of escalation in
tensions in West Asia.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.12% and
0.14% to close at 73,738.45 and 22,368.00 respectively.
• The overall market breadth on BSE was strong with 2,314 scrips advancing
and 1,512 scrips declining. A total of 108 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Telecommunication was the major
gainer, up 4.27% followed by S&P BSE Realty, up 2.42% and S&P BSE Teck,
up 1.23%. S&P BSE Energy was the major loser, down 0.78% followed by
S&P BSE Oil & Gas, down 0.61% and S&P BSE Healthcare, down 0.57%.
• According to the media report, the government is formulating action plans
for as many as 20 agricultural products including banana, mangoes, potato
and baby corn with a view to further boost export of these commodities,
aiming to increase India's global share to 4-5%. Possible export destinations
are Canada, Malaysia, and the United States.
• The government is looking into policy mechanisms to capture the increase
in land value resulting from road projects, including auctioning exits at
greenfield expressways and 'betterment' levy, as it looks to ramp up
funding for infrastructure creation. the roads ministry is studying global
best practices on innovative ways of infrastructure financing in this regard.
• According to the media report, India's quasi-sovereign National Investment
and Infrastructure Fund Ltd. plans to raise roughly $1 billion for its second
Private Markets Fund (PMF). PMF-II will support India-focused venture
capital and private equity funds.
• The Ministry of Corporate Affairs has requested feedback from interested
parties in order to update several regulations under the Insolvency and
Bankruptcy Code, such as those pertaining to financial service providers,
personal guarantors, and pre-packaged schemes.
• Tata Consumer Products announced that its consolidated net profit for the
quarter that ended in Mar 2024 dropped by 19% to Rs 217 crore. It was Rs
269 crore during the previous year. Compared to the previous year
quarter's revenue of Rs 3,618 crore, revenue from operations during the
reporting period increased 8% YoY to Rs 3,927 crore.
• Reliance Retail Ventures Ltd (RRVL), the holding company for all of
Reliance's retail and recently established FMCG businesses, announced that
its consolidated revenue from operations for the fourth quarter ended in
Mar 2024 increased by 9.8% YoY to Rs 67,610 crore, while its quarterly net
profit increased by 11.7% YoY to Rs 2698 crore. The consumer electronics,
fashion, and leisure industries were the company's primary sources of
growth during the quarter.
• Asian equity markets mostly rose as investors were keeping an eye on the
most recent events in the Middle East and waiting for guidance from the
earnings reports of U.S. companies. The Chinese rose after reports that the
governor of the central bank wants creditors taking part in debt
restructurings for emerging market nations to reach a consensus on how to
divide the relief costs equitably. Today (as on Apr 24), Asian markets
opened higher following Wall Street’s continued rally. Both Nikkei and
Hang Seng rose by 2.16% and 1.67% (as at 8 a.m. IST).
• European equity markets rose as upbeat euro zone business activity data
coupled with hope for rate cut in the upcoming monetary policy review
helped to boost the market sentiments. Further, ease in geopolitical
worries also added to the gains.
• US equity markets rose with strong gains as upbeat quarterly earning
updates from some of the index heavy weights helped to boost the market
sentiments. Further, optimism about rate cuts by the central bank also
contributed to the upside.
Markets for You
FII Derivative Trade Statistics
23-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 6205.24 6696.13 33009.27
Index Options 1865187.76 1885527.14 409381.06
Stock Futures 116390.57 112975.08 270598.80
Stock Options 55638.82 54877.76 34204.06
Total 2043422.39 2060076.11 747193.19
23-Apr Prev_Day
Change
Put Call Ratio (OI) 1.14 0.87 0.26
Put Call Ratio(Vol) 0.90 1.04 -0.14
23-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 6.65% 6.48% 6.70% 6.64%
T-Repo 6.64% 6.32% 6.76% 6.71%
Repo 6.50% 6.50% 6.50% 6.50%
Reverse Repo 3.35% 3.35% 3.35% 3.35%
91 Day T-Bill 6.85% 6.84% 6.90% 6.77%
364 Day T-Bill 7.03% 7.03% 7.07% 7.01%
10 Year Gilt 7.16% 7.19% 7.09% 7.16%
G-Sec Vol. (Rs.Cr) 56390 44302 53123 85060
FBIL MIBOR 6.74% 6.60% 6.85% 6.74%
3 Month CP Rate 7.20% 7.15% 7.73% 7.12%
5 Year Corp Bond 7.75% 7.77% 7.66% 7.73%
1 Month CD Rate 6.85% 6.80% 7.12% 6.89%
3 Month CD Rate 7.34% 7.27% 7.70% 7.05%
1 Year CD Rate 7.45% 7.41% 7.73% 7.42%
Currency 23-Apr Prev_Day
Change
USD/INR 83.38 83.41 -0.03
GBP/INR 102.88 103.30 -0.42
EURO/INR 88.74 88.97 -0.23
JPY/INR 0.54 0.54 0.00
Commodity 23-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 83.97 85.95 81.00 77.81
Brent Crude($/bl) 89.41 92.39 85.21 84.79
Gold( $/oz) 2322 2383 2164 1983
Gold(Rs./10 gm) 71315 73012 65975 59980
Source: Refinitiv
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
Readers are requested to click here for ICRA Analytics Ltd disclaimer
24 April 2024
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Indian Debt Market
Currency Market Update
Commodity Market Update
International News
The information herein is meant only for general reading purposes and contains all factual and statistical information pertaining to Industry and markets which have been obtained from independent third party sources
and which are deemed to be reliable. The information provided cannot be considered as guidelines, recommendations or as a professional guide for the readers. It may be noted that since Nippon Life India Asset
Management Limited (NAM India) has not independently verified the accuracy or authenticity of such information or data, or for that matter the reasonableness of the assumptions upon which such data and information
has been processed or arrive data; NAM India does not in any manner assures the accuracy or authenticity of such data and information. Some of the statements & assertions contained in these materials may reflect NAM
India’s views or opinions, which in turn may have been formed on the basis of such data or information. The Sponsor(s), the Investment Manager, the Trustee or any of their respective directors, employees, associates or
representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such data or information. Whilst no action has been solicited based upon the information provided
herein, due care has been taken to ensure that the facts are accurate and opinions given are fair and reasonable, to the extent possible. This information is not intended to be an offer or solicitation for the purchase or
sale of any financial product or instrument. Recipients of this information should rely on information/data arising out of their own investigations. Before making any investments, the readers are advised to seek
independent professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor(s), the Investment Manager, the Trustee, their respective directors, employees, associates
or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the information contained in this
material.
• Nifty Apr 2024 Futures stood at 22,371.05, a premium of 3.05 points above
the spot closing of 22,368.00. The turnover on NSE’s Futures and Options
segment fell to Rs.5,966.63 crore on April 23, 2024, compared with Rs.
6,25,282.07 crore on April 22, 2024.
• The Put-Call ratio stood at 1.03 compared with the previous session’s close
of 0.98.
• The Nifty Put-Call ratio stood at 1.06 compared with the previous session’s
close of 1.14.
• Open interest on Nifty Futures stood at 16.54 million, compared with the
previous session’s close of 15.65 million.
• Bond yields decreased as crude oil prices stabilised after concerns about a
potential escalation of the Middle East conflict subsided.
• Yield on the 10-year benchmark paper (7.18% GS 2033) fell by 3 bps to close
at 7.16% as compared to the previous close of 7.19%.
• Reserve Bank of India conducted the auction of government securities for
five states for a notified amount of Rs. 12,000 crore for which full amount
was accepted. The cut off yield ranged from 7.48% to 7.55%. The lowest
yield was witnessed in case of Telangana & Andhra Pradesh and the highest
yield was witnessed in case of Punjab.
• The Indian rupee in the spot trade remained steady against the U.S. dollar
due to greenback demand.
• Euro rose against the U.S. dollar after data showed business activity in the
eurozone expanded at its fastest pace in nearly a year.
• Gold prices fell marginally as the demand for safe-haven bullion decreased as
worries of an ongoing war in the Middle East subsided.
• Brent crude oil prices (spot) rose after preliminary data showing a slowdown
in U.S. manufacturing activity in the month of Apr 2024 that raised hopes the
U.S. Federal Reserve will soon begin reducing interest rates.
• According to a survey, Japan’s flash composite output index rose to 52.6 in
Apr 2024 from 51.7 in Mar 2024. A score above 50.0 indicates expansion.
• According to the Census and Statistics Department, Hong Kong’s consumer
price index, or CPI, climbed 2.0% YoY in Mar 2024, following a 2.1% rise in
Feb 2024.
• According to a survey, U.K. composite output index rose to 54.0 in Apr 2024
from 52.8 in Mar 2024. A reading above 50.0 indicates expansion in the
private sector.
Markets for You
