Global Indices
Global Indices 01-Jul Prev_Day Abs. Change
% Change
Russell 3000 2,895 2,870 25 0.87
Nasdaq 17,879 17,733 147 0.83
FTSE 8,167 8,164 3 0.03
Nikkei 39,631 39,583 48 0.12
Hang Seng
[1]
17,719 17,716 2 0.01
Indian Indices 01-Jul Prev_Day Abs. Change
% Change
BSE Sensex 79,476 79,033 443 0.56
Nifty 50 24,142 24,011 131 0.55
Nifty 100 25,156 25,007 148 0.59
Nifty 500 22,728 22,560 168 0.74
Nifty Bank 52,575 52,342 233 0.44
BSE Power 7,930 7,955 -25 -0.31
BSE Small Cap 52,952 52,130 821 1.58
BSE HC 37,251 37,110 141 0.38
Date P/E Div. Yield P/E Div. Yield
1-Jul 24.18 1.15 22.97 1.22
Month Ago 23.10 1.06 21.40 1.28
Year Ago 23.92 1.27 22.36 1.41
Nifty 50 Top 3 Gainers
Company 01-Jul Prev_Day
% Change
Tech Mahindra 1472 1430 2.92
Wipro 527 515 2.43
Bajaj Finance 7277 7116 2.27
Nifty 50 Top 3 Losers Domestic News
Company 01-Jul Prev_Day
% Change
NTPC 370 378 -2.27
SBI 842 849 -0.82
Eicher Motors Limited 4636 4673 -0.80
Advance Decline Ratio
BSE NSE
Advances 2630 1913
Declines 1381 793
Unchanged 135 54
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 4754
MF Flows** 182878
*1
st
Jul 2024; **27
th
Jun 2024
Economic Indicator
YoY(%) Current Year Ago
CPI
4.75%
(May-24)
4.31%
(May-23)
IIP
5.00%
(Apr-24)
4.60%
(Apr-23)
GDP
7.80%
(Mar-24)
6.20%
(Mar-23)
[1]
Data as on 28 Jun, 2024
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
02 July 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
4.20%
(Jan-24)
8.40%
(Dec-23)
Quarter Ago
Inflow/Outflow
-6018
1553
5.09%
(Feb-24)
• Indian equity markets rose supported by gains in the auto sector ahead of
Jun's 2024 monthly sales data and in information technology stocks amid
renewed expectations that the U.S. Federal Reserve would start interest
rate cuts in Sep 2024. Further, the market rose as in-line U.S. PCE price data
for May 2024 reinforced investor expectations for at least one interest rate
cut later this year.
• Key benchmark indices BSE SENSEX and Nifty 50 gained 0.56% and 0.55%
to close at 79,476.19 and 24,141.95 respectively.
• The overall market breadth on BSE was strong with 2,630 scrips advancing
and 1,381 scrips declining. A total of 135 scrips remained unchanged.
• On the BSE sectoral front, BSE Information Technology was the major
gainer, up 1.84% followed by BSE Teck, up 1.46% and BSE Commodities, up
1.21%. BSE Utilities was the major loser, down 0.64% followed by BSE
Realty, down 0.4% and BSE Power, down 0.31%.
• The Manufacturing Purchasing Managers' Index climbed to 58.3 Jun 2024
compared to 57.5 in May 2024. The latest reading indicated a sharper
improvement in business conditions, as strong demand conditions spurred
the expansion in new orders, output and buying levels.
• According to reports, the total value of Rs 2000 banknotes in circulation,
which was Rs 3.56 lakh crore at the close of business on May 19, 2023, has
declined to Rs 7,581 crore at the close of business on June 28, 2024.
• According to reports, the latest figures show a notable decrease in the
fiscal deficit during Apr and May of 2024, suggesting an improvement in
financial conditions. Experts predict a quicker fiscal consolidation than
initially anticipated, which could lead to increased spending.
• Audi India announced a 6% decrease in retail sales for the Apr-Jun quarter
of 2024, with 1,431 units sold compared to 1,524 units sold in the same
period last year.
• Godrej Properties announced that it has purchased a 7-acre plot of land in
Bengaluru to build a high-end residential project, expecting to generate
revenue of around Rs 1,200 crore. The company disclosed the acquisition of
land in Thanisandra, North Bengaluru.
• Asian equity markets rose as investors reacted positively to the in-line U.S.
inflation reading and mixed Chinese data. The Chinese market rose
following an unexpected increase the China's Caixin Manufacturing
Purchasing Managers' Index (PMI) rose from 51.7 to 51.8 in Jun 2024,
reaching its highest level in three years due to robust production and
steady employment. The Japanese market rose slightly after a survey
showed sentiment among large Japanese manufacturers improved during
the three months to Jun 2024. Today (as on July 02), Asian markets opened
lower despite gains on Wall Street. Both Nikkei and Hang Seng rose by
0.75% and 1.39% respectively (as at 8 a.m. IST).
• European equity markets rose as investors reacted positively to the results
of the first round of France's parliamentary election. A survey indicating a
decrease in the manufacturing sector of the eurozone in Jun 2024 was not
as severe as originally anticipated, which also helped boost positive feelings
in the markets.
• U.S. equity markets rose as technology shares turned in a fine performance.
Meanwhile, investors were anticipating the upcoming release of the Labor
Department's highly anticipated monthly jobs report on 5th Jul, 2024. The
upcoming report is anticipated to reveal a decrease in the rate of job
creation during Jun, 2024, potentially influencing the forecast for interest
rates.
Markets for You
FII Derivative Trade Statistics
01-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 5193.35 3482.01 34008.49
Index Options 1665952.44 1679293.36 335953.18
Stock Futures 33620.78 28492.00 298570.54
Stock Options 39862.62 40198.69 16223.66
Total 1744629.19 1751466.06 684755.87
01-Jul Prev_Day
Change
Put Call Ratio (OI) 1.21 1.17 0.04
Put Call Ratio(Vol) 0.86 0.91 -0.05
01-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 6.54% 6.71% 6.69% 6.82%
T-Repo 6.45% 6.57% 6.67% 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 6.68% 6.84% 6.65% 6.72%
364 Day T-Bill 6.93% 6.93% 7.03% 6.84%
10 Year Gilt 7.02% 6.97% 6.98% 7.12%
G-Sec Vol. (Rs.Cr) 30379 58917 56230 51517
FBIL MIBOR 6.60% 6.77% 6.76% 6.90%
3 Month CP Rate 7.09% 7.16% 7.18% 6.97%
5 Year Corp Bond 7.56% 7.54% 7.61% 7.72%
1 Month CD Rate 7.04% 7.09% 7.03% 6.84%
3 Month CD Rate 7.07% 7.03% 7.26% 6.90%
1 Year CD Rate 7.62% 7.54% 7.62% 7.30%
Currency 01-Jul Prev_Day
Change
USD/INR 83.40 83.45 -0.05
GBP/INR 105.80 105.46 0.34
EURO/INR 89.85 89.25 0.60
JPY/INR 0.52 0.52 0.00
Commodity 01-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 84.60 82.53 77.87 70.61
Brent Crude($/bl) 88.06 88.24 80.55 74.66
Gold( $/oz) 2332 2333 2327 1920
Gold(Rs./10 gm) 71511 71452 72127 57810
Source: Refinitiv
[1]
Data as on 28 Jun, 2024
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
02 July 2024
Derivative Statistics- Nifty Options
Disclaimer:
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material.
• Nifty Jul 2024 Futures stood at 24,206.25, a premium of 64.30 points above
the spot closing of 24,141.95. The turnover on NSE’s Futures and Options
segment fell to Rs.8,300.84 crore on July 01, 2024, compared with Rs.
4,19,280.96 crore on June 28, 2024.
• The Put-Call ratio stood at 0.88 compared with the previous session’s close
of 0.92.
• The Nifty Put-Call ratio stood at 1.21 compared with the previous session’s
close of 1.17.
• Open interest on Nifty Futures stood at 16 million, compared with the
previous session’s close of 15.49 million.
• Bond yields mostly remained unchanged despite a jump in U.S. Treasury
yields amid uncertainty around U.S. elections as sentiments remained upbeat
following a slowdown in domestic retail inflation along with expectation of
inflows into government bonds through JPMorgan debt index.
• Yield on the 10-year benchmark paper (7.10% GS 2034) was unchanged to
close at 7.01% as compared to the previous session’s close.
• RBI conducted the auction of 4-day Variable Rate Reverse Repo for the
notified amount of Rs. 75,000 crore for which amount of Rs. 4,200 crore was
accepted and the cut-off yield stood at 6.49%.
• Reserve Bank of India announced the sale (re-issue) of three dated securities
namely 7.02% GS 2027, 7.23% GS 2039 and 7.30% GS 2053 for a notified
amount of Rs. 28,000 crore. The auction will be conducted on Jul 05, 2024.
• The Indian rupee in the spot trade fell against the U.S. dollar due to
weakness in other Asian peers.
• Euro rose against the U.S. dollar as investors responded favorably to the
outcome of the initial round of France's parliamentary election.
• Gold prices rose as investors are now shifting their attention to upcoming
U.S. jobs data scheduled for later this week, which may provide further
insights into potential interest rate reductions by the U.S. Federal Reserve.
• Brent crude oil prices (spot) fell marginally despite an anticipated increase in
demand for fuel during the summer driving season, along with expected
supply shortages caused by geopolitical issues.
• According to reports, U.K. house prices gained 0.2% on a monthly basis in
Jun 2024, which was slower than the 0.4% rise registered in May 2024.
House prices were expected to remain flat in Jun 2024.
• According to a survey, China’s Caixin manufacturing Purchasing Managers'
Index rose to 51.8 in Jun 2024 from 51.7 in the previous month. A score
above 50.0 indicates expansion.
• According to the Cabinet Office, Japan’s consumer confidence index rose to
36.4 in Jun 2024 from 36.2 in May 2024. Economists had forecast the index
to rise to 36.5.
Markets for You
