Global Indices
Global Indices 26-Apr Prev_Day Abs. Change
% Change
Russell 3000 2,590 2,544 46 1.81
Nasdaq 15,928 15,612 316 2.03
FTSE 8,140 8,079 61 0.75
Nikkei 37,935 37,628 306 0.81
Hang Seng 17,651 17,285 367 2.12
Indian Indices 26-Apr Prev_Day Abs. Change
% Change
S&P BSE Sensex 73,730 74,339 -609 -0.82
Nifty 50 22,420 22,570 -150 -0.67
Nifty 100 23,232 23,330 -98 -0.42
Nifty 500 20,839 20,868 -29 -0.14
Nifty Bank 48,201 48,495 -294 -0.61
S&P BSE Power 7,081 7,072 9 0.13
S&P BSE Small Cap 47,239 47,113 127 0.27
S&P BSE HC 35,441 35,281 160 0.45
Date P/E Div. Yield P/E Div. Yield
26-Apr 23.87 1.15 22.00 1.19
Month Ago 24.85 1.13 22.72 1.22
Year Ago 22.46 1.27 20.59 1.40
Nifty 50 Top 3 Gainers
Company 26-Apr Prev_Day
% Change
Tech Mahindra 1279 1190 7.43
Divi's Lab 4016 3844 4.49
Bajaj Auto 8974 8735 2.74
Nifty 50 Top 3 Losers Domestic News
Company 26-Apr Prev_Day
% Change
Bajaj Finance 6731 7295 -7.73
IndusInd Bank 1446 1496 -3.32
M&M 2045 2097 -2.48
Advance Decline Ratio
BSE NSE
Advances 1920 1288
Declines 1866 1270
Unchanged 127 94
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 4590
MF Flows** 101278
*26
th
Apr 2024; **23
rd
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.
29 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
2348
27
5.69%
(Dec-23)
• Indian equity markets snapped its five-day winning streak and closed with
significant losses amid mixed global cues. The key benchmark indices fell
sharply after opening in positive territory as unexpected surge of the US
core PCE price index in Mar 2024 accompanied by weaker-than-forecasted
GDP growth of Q1 2024 and spike in U.S. Treasury yields impacted market
sentiments. Although the benchmark indices saw significant losses, the
mid-cap and small-cap indices demonstrated their resilience by setting new
highs and ending the day with strong gains.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.82% and 0.67%
to close at 73,730.16 and 22,419.95 respectively.
• The overall market breadth on BSE was strong with 1,920 scrips advancing
and 1,866 scrips declining. A total of 127 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Consumer Durables was the major
gainer, up 1.52% followed by S&P BSE Realty, up 0.53% and S&P BSE
Healthcare, up 0.45%. S&P BSE Bankex was the major loser, down 0.7%
followed by S&P BSE Financial Services, down 0.68% and S&P BSE Teck,
down 0.26%.
• The income tax department extended the deadline for charitable and
religious trusts to furnish registration application with tax authorities till
Jun 30, 2024 with an aim to avoid genuine hardships to taxpayers, allowing
trusts to file Form 10A/Form 10AB for income tax exemption or renewal of
permanent registration by the new deadline.
• According to a notification from Directorate General of Foreign Trade,
Indian government permitted overseas shipments of white onion of an
aggregate quantity not exceeding 2,000 metric tonnes through Mundra
Port, Pipavav Port and Nhava Sheva Port. the exporter shall have to get the
certificate from the Horticulture Commissioner, Government of Gujarat,
certifying the item and quantity of white onion to be exported.
• The realisation from asset monetisation and disinvestment, collectively
referred to as "miscellaneous capital receipts" by the government,
surpassed the revised estimate of Rs. 30,000 crore for the fiscal year 2024.
The proceeds from disinvestment came to a total of Rs. 16,507 crore, while
asset monetisation brought in about Rs 16,000 crore.
• The largest non-banking financial company in India, Shriram Finance, said
that its consolidated net profit for the fourth quarter of 2023–2024
increased by 57% YoY. Due to an increase in revenue and better asset
quality, Shriram Finance's consolidated net profit in the fourth quarter of
FY24 was Rs 2,021.28 crore as opposed to Rs 1,288.18 crore during the
same period the previous year.
• IT company Mphasis reported a 2.98% decrease in total net profit to Rs
393.2 crore in the March quarter of FY24. In the corresponding period of
last year, the company reported a net profit of Rs 405.3 crore.
• Asian equity market rose as upbeat results from major U.S. companies beat
market expectations. The Japanese market rose after the Bank of Japan
expressed confidence that inflation was on track to durably hit 2% in
coming years. The Chinese market rose after the revision of the forecast for
Chinese stocks by experts from foreign investment firms. Today (as on April
29), Asian markets opened higher as investors look toward the U.S. Federal
Reserve’s meeting this week. Nikkei closed due to a public holiday and
Hang Seng rose by 0.68% (as at 8 a.m. IST).
• European equity markets rose as investors cheered a wave of excellent
earnings releases from U.S. big name companies and shrugged off interest
rate concerns for now. The Commerce Department's report on personal
income and spending in Mar 2024 included the inflation numbers, which
are reportedly preferred by the U.S. Federal Reserve.
• U.S. equity markets rose as the tech-heavy Nasdaq led the charge. A good
response to some of the most recent earnings reports from well-known
tech businesses accompanied the Wall Street rise. Additionally, investors
appeared to respond favorably to the Commerce Department's widely
monitored inflation data, which showed that U.S. consumer prices rose in
Mar 2024 in line with economists' projections.
Markets for You
FII Derivative Trade Statistics
26-Apr
(Rs Cr) Buy
Sell Open Int.
Index Futures 12854.49 13126.59 22866.87
Index Options 3717334.95 3629633.35 245857.77
Stock Futures 72817.73 62137.03 262731.55
Stock Options 8655.62 9799.57 4868.45
Total 3811662.79 3714696.54 536324.64
26-Apr Prev_Day
Change
Put Call Ratio (OI) 1.06 1.04 0.02
Put Call Ratio(Vol) 0.95 1.01 -0.07
26-Apr Wk. Ago Mth. Ago
Year Ago
Call Rate 6.68% 6.53% 6.65% 6.69%
T-Repo 6.70% 6.38% 6.63% 6.75%
Repo 6.50% 6.50% 6.50% 6.50%
Reverse Repo 3.35% 3.35% 3.35% 3.35%
91 Day T-Bill 6.96% 6.86% 7.10% 6.81%
364 Day T-Bill 7.03% 7.05% 7.10% 6.94%
10 Year Gilt 7.23% 7.23% 7.09% 7.11%
G-Sec Vol. (Rs.Cr) 64266 54128 40713 66019
FBIL MIBOR 6.79% 6.63% 6.83% 6.85%
3 Month CP Rate 7.30% 7.17% 7.76% 7.16%
5 Year Corp Bond 7.76% 7.82% 7.67% 7.43%
1 Month CD Rate 7.04% 6.80% 7.21% 6.95%
3 Month CD Rate 7.33% 7.35% 7.78% 7.09%
1 Year CD Rate 7.45% 7.45% 7.69% 7.39%
Currency 26-Apr Prev_Day
Change
USD/INR 83.34 83.38 -0.04
GBP/INR 104.26 104.18 0.07
EURO/INR 89.43 89.41 0.02
JPY/INR 0.53 0.54 0.00
Commodity 26-Apr Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 85.18 83.59 82.21 74.23
Brent Crude($/bl) 91.05 89.06 86.21 83.28
Gold( $/oz) 2338 2390 2179 1989
Gold(Rs./10 gm) 72301 73262 66432 60180
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
29 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 May 2024 Futures stood at 22,556.00, a premium of 136.05 points
above the spot closing of 22,419.95. The turnover on NSE’s Futures and
Options segment fell to Rs.9,538.80 crore on April 26, 2024, compared with
Rs. 4,70,565.69 crore on April 25, 2024.
• The Put-Call ratio remained unchanged compared with the previous
session’s close of 0.9.
• The Nifty Put-Call ratio stood at 0.96 compared with the previous session’s
close of 1.06.
• Open interest on Nifty Futures stood at 11.44 million, compared with the
previous session’s close of 19.07 million.
• Bond yields decreased, however, focus remained on U.S. Treasury yields and
crude oil prices.
• Yield on the 10-year benchmark paper (7.18% GS 2033) fell by 2 bps to close
at 7.19% as compared to the previous close of 7.21%.
• Reserve Bank of India conducted the auction of two government securities
namely 7.10% GS 2034, and 7.46% GS 2073 for a notified amount of Rs.
32,000 crore, which was completely accepted. The cut off price/implicit yield
at cut-off for 7.10% GS 2034, and 7.46% GS 2073 stood at Rs.
99.37/7.1889%, and Rs. 101.67/7.3338%, respectively.
• Reserve Bank of India announced the auction of government securities for
seven states for a notified amount of Rs. 14,700 crore. The auction would be
carried out on Apr 30, 2024.
• The Indian rupee in the spot trade fell against the U.S. dollar due to negative
trends in the domestic equity market.
• Euro fell against the U.S. dollar despite the fact that the U.S. Federal Reserve
will likely delay cutting interest rates until later this year.
• Gold prices rose after data showed that U.S. inflation rose in line with
expectations.
• Brent crude oil prices (spot) rose amid signs of tightening in the world's oil
markets and ongoing geopolitical turmoil in the Middle East.
• The Bank of Japan left its key interest rate unchanged near zero and the
bank's latest projections showed the underlying inflation staying around 2%,
which further damped expectations for aggressive tightening in the future.
The BoJ policy board, decided to hold the overnight interest rate at around 0
to 0.1%.
• According to the Economic Development Board, Singapore’s industrial
production declined 9.2% YoY in Mar 2024, reversing 4.4% growth in Feb
2024. The expected fall was 1.5%.
• According to a survey, U.K. consumer confidence index rose to -19 in Apr
2024 from -21 in Mar 2024. The score was also better than economists'
forecast of -20.
Markets for You
