Global Indices
Global Indices 29-Aug Prev_Day Abs. Change
% Change
Russell 3000 2,854 2,862 -8 -0.26
Nasdaq 17,516 17,556 -40 -0.23
FTSE 8,380 8,344 36 0.43
Nikkei 38,363 38,372 -9 -0.02
Hang Seng 17,786 17,692 94 0.53
Indian Indices 29-Aug Prev_Day Abs. Change
% Change
BSE Sensex 82,135 81,786 349 0.43
Nifty 50 25,152 25,052 100 0.40
Nifty 100 26,189 26,117 72 0.28
Nifty 500 23,631 23,616 15 0.07
Nifty Bank 51,153 51,144 9 0.02
BSE Power 8,186 8,245 -59 -0.72
BSE Small Cap 55,602 56,006 -403 -0.72
BSE HC 42,576 42,738 -162 -0.38
Date P/E Div. Yield P/E Div. Yield
29-Aug 24.08 1.12 23.37 1.21
Month Ago 24.23 1.12 23.40 1.18
Year Ago 23.70 1.24 22.07 1.38
Nifty 50 Top 3 Gainers
Company 29-Aug Prev_Day
% Change
Tata Motors 1122 1075 4.38
BPCL 356 348 2.38
Bajaj Finance 7064 6900 2.37
Nifty 50 Top 3 Losers Domestic News
Company 29-Aug Prev_Day
% Change
Grasim Indus 2676 2716 -1.45
M&M 2758 2798 -1.44
JSW Steel 940 949 -1.01
Advance Decline Ratio
BSE NSE
Advances 1347 869
Declines 2602 1821
Unchanged 99 63
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 28359
MF Flows** 246855
*29
th
Aug 2024; **27
th
Aug 2024
Economic Indicator
YoY(%) Current Year Ago
CPI
3.54%
(Jul-24)
7.44%
(Jul-23)
IIP
4.20%
(Jun-24)
4.00%
(Jun-23)
GDP
7.80%
(Mar-24)
6.20%
(Mar-23)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
30 August 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
5.50%
(Mar-24)
8.60%
(Dec-23)
Quarter Ago
Inflow/Outflow
266
-548
4.83%
(Apr-24)
• Indian equity markets closed with decent gains amid mixed global cues. The
key benchmark indices remained volatile throughout the session and
reached fresh highs led by purchasing in select heavyweights. Markets rose
on expectation of rate cut by the U.S. Federal Reserve in Sep 2024 along
with retreat in global crude oil prices which offset the underwhelming
earnings result of a major U.S. based technology firm.
• Key benchmark indices BSE SENSEX and Nifty 50 gained 0.43% and 0.4% to
close at 82,134.61 and 25,151.95 respectively.
• The overall market breadth on BSE was weak with 1,420 scrips advancing
and 2,531 scrips declining. A total of 96 scrips remained unchanged.
• On the BSE sectoral front, Oil & Gas was the major gainer, up 0.91%
followed by Energy, up 0.88% and Fast Moving Consumer Goods, up 0.58%.
Capital Goods was the major loser, down 0.89% followed by Industrials,
down 0.89% and Power, down 0.72%.
• The finance minister stated that the Pradhan Mantri Jan Dhan Yojana
(PMJDY) has reached its 10-year milestone in implementation and
recognized as the largest government initiative globally aimed at
promoting financial inclusion. The effectiveness of the initiative is
demonstrated by the inclusion of 53 crore individuals into the formal
banking system, facilitated by the establishment of Jan Dhan accounts.
• The RBI Governor highlighted the significance of self-regulation within
India's fintech industry during the Global Fintech Fest 2024, which has seen
investments worth $6 billion in the last two years and pointed out the
central bank's commitment to promote UPI and RuPay on a global scale,
enhancing financial infrastructure, and encouraging international
collaboration.
• NITI Aayog has proposed increasing import duties on edible oils, addressing
the significant duty disparity between crude and refined oils, and providing
incentives for farmers to enhance India's self-reliance in edible oil
production. The report presents strategies like a cluster-based seed hub
model, bio-fortified seed types, and innovative technologies to improve
local oilseed production.
• Reliance Industries Chairman declared that the company intends to work
towards the ‘democratise’ of artificial intelligence (AI) by establishing AI-
ready data centers in Jamnagar, Gujarat. During his address at the 47th
annual general meeting (AGM), he said that under Reliance’s telecom arm
Jio’s ‘AI everywhere for everyone’ vision, the company plans to offer AI and
related services to Indians at affordable prices.
• Tech Mahindra announced that it has entered into an agreement with the
UK-based engineering service provider, Marshall Group. This collaboration
aims to integrate their digital solutions and engineering expertise to drive
progress in the aerospace and defense sectors.
• Asian equity markets fell as technology stocks experienced significant
selling pressure even though a prominent U.S. company's revenue growth
exceeded analyst expectations, but somewhat, which did not meet investor
expectations. Investors were also waiting for the publication of an
important U.S. inflation report on 30th Aug, 2024, which is expected to
indicate that consumer price growth remained subdued in Jul 2024. Today
(as on August 30), Asian markets opened higher after economic data from
the U.S. calmed recessionary fears. Both Nikkei and Hang Seng rose by
0.47% and 1.00% (as at 8 a.m. IST).
• European equity markets rose as investors generally responded favorably
to the earnings and economic data, while looking ahead to upcoming
French GDP and inflation reports and the personal income & spending data
from the U.S.
• U.S. equity markets closed on a mixed note. The market rose following a
favorable response that has emerged regarding the most recent U.S.
economic data, highlighted by a report from the Commerce Department
indicating that the U.S. economy experienced an unexpected growth
exceeding earlier estimates in the second quarter of 2024. However,
buying interest waned in the latter part of the session.
Markets for You
FII Derivative Trade Statistics
29-Aug
(Rs Cr) Buy
Sell Open Int.
Index Futures 11837.14 9734.32 38235.90
Index Options 3397770.66 3413742.73 402266.68
Stock Futures 90778.75 93850.50 337286.34
Stock Options 27684.70 25727.14 65471.83
Total 3528071.25 3543054.69 843260.75
29-Aug Prev_Day
Change
Put Call Ratio (OI) 1.27 1.21 0.05
Put Call Ratio(Vol) 1.04 0.89 0.16
29-Aug Wk. Ago Mth. Ago
Year Ago
Call Rate 6.66% 6.52% 6.48% 6.75%
T-Repo 6.63% 6.38% 6.36% 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 6.62% 6.62% 6.62% 6.75%
364 Day T-Bill 6.70% 6.71% 6.78% 7.00%
10 Year Gilt 6.86% 6.85% 6.92% 7.15%
G-Sec Vol. (Rs.Cr) 27210 71981 100158 44345
FBIL MIBOR 6.70% 6.60% 6.55% 7.10%
3 Month CP Rate 7.23% 7.23% 7.17% 7.05%
5 Year Corp Bond 7.44% 7.41% 7.46% 7.60%
1 Month CD Rate 6.95% 6.95% 6.92% 6.98%
3 Month CD Rate 7.24% 7.32% 7.14% 7.03%
1 Year CD Rate 7.63% 7.59% 7.68% 7.38%
Currency 29-Aug Prev_Day
Change
USD/INR 83.89 83.97 -0.08
GBP/INR 110.91 111.05 -0.14
EURO/INR 93.39 93.59 -0.20
JPY/INR 0.58 0.58 0.00
Commodity 29-Aug Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 76.80 73.62 77.12 81.09
Brent Crude($/bl) 83.79 81.00 82.18 86.64
Gold( $/oz) 2521 2483 2384 1937
Gold(Rs./10 gm) 71703 71379 68527 58659
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
30 August 2024
Derivative Statistics- Nifty Options
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material.
• Nifty Aug 2024 Futures settled at spot closing of 25,151.95. Nifty Sep 2024
Futures stood at 25,381.95, a premium of 230 points, above the spot
closing. The turnover on NSE’s Futures and Options segment fell to
Rs.8,791.56 crore on August 29, 2024, compared with Rs.6,97,026.57 crore
on August 28, 2024.
• The Put-Call ratio stood at 1.02 compared with the previous session’s close
of 0.86.
• The Nifty Put-Call ratio stood at 1.27 compared with the previous session’s
close of 1.21.
• Open interest on Nifty Futures stood at 18.27 million, compared with the
previous session’s close of 15.25 million.
• Bond yields mostly remained steady as market participants awaited for
important economic data points along with domestic debt supply on Aug 30,
2024.
• Yield on the 10-year benchmark paper (7.10% GS 2034) was unchanged to
close at 6.86% as compared to the previous day’s close.
• RBI announced to conduct the auction of 7-day Variable Rate Reverse Repo
for the notified amount of Rs. 1,00,000 crore on Aug 30, 2024.
• According to media reports, Adani Enterprises Ltd. announced the launch of
its maiden public non-convertible debenture (NCD) issue on Sep 4, 2024,
with plans to raise up to Rs. 800 crore.
• The Indian rupee in the spot trade rose against the U.S. dollar following
positive trends in domestic equities.
• Euro fell against the U.S. dollar after preliminary data showed that German
inflation eased in Aug 2024, which raised hopes that the European Central
Bank would cut interest rates next month.
• Gold prices rose on optimism about interest rate cuts from the U.S. Federal
Reserve.
• Brent crude oil prices (spot) rose on supply concerns amid reports Libya has
shut off production and halted exports at several ports.
• According to the Labor Department, U.S. initial jobless claims slipped to
231,000 in the week ended Aug 24, 2024, a decrease of 2,000 from the
previous week's revised level of 233,000.
• According to the Commerce Department, U.S. gross domestic product in the
second quarter of 2024 was upwardly revised to 3.0% from the previously
reported 2.8%. Economists had expected the pace of GDP growth to be
unrevised.
• According to Destatis, Germany’s consumer price inflation softened to 1.9%
in Aug 2024 from 2.3% in Jul 2024.
• According to the Cabinet Office, Japan’s consumer confidence index stood
at 36.7 in Aug 2024, unchanged from Jul 2024. Meanwhile, economists had
forecast the index to rise to 36.9.
Markets for You
