Global Indices
Global Indices 02-Jul Prev_Day Abs. Change
% Change
Russell 3000 2,917 2,895 22 0.76
Nasdaq 18,029 17,879 149 0.84
FTSE 8,121 8,167 -46 -0.56
Nikkei 40,075 39,631 444 1.12
Hang Seng 17,769 17,719 51 0.29
Indian Indices 02-Jul Prev_Day Abs. Change
% Change
BSE Sensex 79,441 79,476 -35 -0.04
Nifty 50 24,124 24,142 -18 -0.08
Nifty 100 25,120 25,156 -36 -0.14
Nifty 500 22,678 22,728 -50 -0.22
Nifty Bank 52,168 52,575 -407 -0.77
BSE Power 7,900 7,930 -29 -0.37
BSE Small Cap 52,988 52,952 37 0.07
BSE HC 37,159 37,251 -92 -0.25
Date P/E Div. Yield P/E Div. Yield
2-Jul N.A N.A 22.96 1.23
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 02-Jul Prev_Day
% Change
L&T Ltd. 3627 3527 2.83
Wipro 538 527 2.06
Infosys 1621 1591 1.90
Nifty 50 Top 3 Losers Domestic News
Company 02-Jul Prev_Day
% Change
Bharti Airtel 1419 1454 -2.41
Shree Cements Limited 27698 28353 -2.31
Kotak Bank 1770 1808 -2.13
Advance Decline Ratio
BSE NSE
Advances 1965 1369
Declines 1953 1296
Unchanged 90 62
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 4260
MF Flows** 182878
*2
nd
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)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
03 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
-494
5.09%
(Feb-24)
• Indian equity markets closed with marginal losses amid weak global cues.
After opening on a higher note and reaching fresh all-time highs, the key
benchmark indices failed to sustain those gains and closed with minor
losses as a stronger dollar and rising U.S. Treasury yields in international
markets weighed on investors' sentiment. Rising crude oil prices on
expectations for higher fuel demand during the U.S. summer travel season
coupled with political uncertainty in France and U.K. ahead of upcoming
elections also prompted investors to book profits at higher levels.
• Key benchmark indices BSE SENSEX and Nifty 50 lost 0.04% and 0.07% to
close at 79,441.45 and 24,123.85 respectively.
• The overall market breadth on BSE was strong with 1,965 scrips advancing
and 1,953 scrips declining. A total of 90 scrips remained unchanged.
• On the BSE sectoral front, BSE Information Technology was the major
gainer, up 1.09% followed by BSE Realty, up 0.88% and BSE Industrials, up
0.5%. BSE Telecommunication was the major loser, down 1.31% followed
by BSE Bankex, down 0.91% and BSE Auto, down 0.74%.
• The gross goods and services tax (GST) collection for Jun 2024 stood at Rs
1.74 lakh crore, representing a 7.7% YoY growth. The yearly growth rate of
GST collection in Jun 2024 is notably less than compared to 12.4% and 10%
increases in April and May 2024, respectively.
• The Indian Meteorological Department predicted that Jul 2024 would bring
above-average rainfall to India. India experienced below-average rainfall in
Jun 2024, with an 11% shortfall, the highest in five years, which hindered
the monsoon's advancement.
• According to media reports, India's palm oil imports rose by 3% MoM in Jun
2024 to reach the highest level in six months on robust demand from
refiners for upcoming festivals and as the oil traded at a discount to rival
oils.
• ICICI Bank introduced a new pre-paid Sapphiro Forex Card designed for
students traveling overseas for their higher education. The card, powered
by Visa, provides exclusive benefits and convenience to students and their
parents to manage education-related expenses abroad, like admission fees,
course-related fees and other day-to-day expenses, including travel, dining
and groceries, among others.
• Adani Ports and Special Economic Zone Limited (APSEZ) saw a significant
growth in cargo volumes in Jun 2024, with a 12% YoY increase to 37 million
metric tonnes (MMT). This growth was primarily fueled by a notable 33%
rise in container volumes and an 8% increase in liquid and gas cargo.
• Asian equity markets mostly rose after receiving mostly positive signals
from international markets. Meanwhile, investors appeared hesitant to
make major decisions in anticipation of important U.S. employment data
later in the week, which is expected to show a slowdown in the pace of job
growth in Jun 2024, which could impact the outlook for interest rates.
Today (as on July 03), Asian markets opened higher following remarks from
the U.S. Federal Reserve Chair regarding improvements in inflation. The
Chair also emphasized the need for caution when it comes to reducing
rates at a central banking event. Both Nikkei and Hang Seng rose by 0.79%
and 0.48% respectively (as at 8 a.m. IST).
• European equity markets fell, weighed down by the developments on the
political front in the region, statements made by certain ECB officials
suggesting that interest rates will not be reduced in the near future, and
ongoing uncertainty regarding the future of U.S. interest rates. Higher U.S.
Treasury yields weighed as well on stocks.
• U.S. equity markets rose as the stock market saw an upward trend, with the
momentum continuing to build and ultimately finishing the day's session
on a positive note. However, investor sentiment turned cautious at the
beginning of the session due to worries about the future of interest rates.
Markets for You
FII Derivative Trade Statistics
02-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 2803.19 2539.29 34381.38
Index Options 1537783.36 1571064.47 368046.83
Stock Futures 19852.26 20835.31 301119.28
Stock Options 35434.57 35754.28 21689.55
Total 1595873.38 1630193.35 725237.04
02-Jul Prev_Day
Change
Put Call Ratio (OI) 1.15 1.21 -0.05
Put Call Ratio(Vol) 1.06 0.86 0.20
02-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 6.49% 6.59% 6.69% 6.82%
T-Repo 6.35% 6.50% 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 6.78% 6.85% 6.65% 6.72%
364 Day T-Bill 6.93% 6.95% 7.02% 6.84%
10 Year Gilt 7.01% 6.97% 6.98% 7.12%
G-Sec Vol. (Rs.Cr) 30363 61778 56230 51517
FBIL MIBOR 6.55% 6.61% 6.76% 6.90%
3 Month CP Rate 7.22% 7.22% 7.18% 6.97%
5 Year Corp Bond 7.57% 7.55% 7.61% 7.72%
1 Month CD Rate 7.04% 7.12% 7.03% 6.84%
3 Month CD Rate 7.07% 7.17% 7.26% 6.90%
1 Year CD Rate 7.58% 7.55% 7.62% 7.30%
Currency 02-Jul Prev_Day
Change
USD/INR 83.52 83.40 0.11
GBP/INR 105.55 105.80 -0.26
EURO/INR 89.64 89.85 -0.21
JPY/INR 0.52 0.52 0.00
Commodity 02-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 83.99 81.87 77.87 70.61
Brent Crude($/bl) 89.77 88.30 80.55 74.66
Gold( $/oz) 2329 2319 2327 1920
Gold(Rs./10 gm) 71447 71580 72127 57810
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
03 July 2024
Derivative Statistics- Nifty Options
Disclaimer:
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material.
• Nifty Jul 2024 Futures stood at 24,203.15, a premium of 79.30 points above
the spot closing of 24,123.85. The turnover on NSE’s Futures and Options
segment fell to Rs.9,075.85 crore on July 02, 2024, compared with Rs.
3,74,594.87 crore on July 01, 2024.
• The Put-Call ratio stood at 0.94 compared with the previous session’s close
of 0.88.
• The Nifty Put-Call ratio stood at 1.15 compared with the previous session’s
close of 1.21.
• Open interest on Nifty Futures stood at 16.05 million, compared with the
previous session’s close of 16 million.
• Bond yields mostly remained steady despite a surge in U.S. Treasury yields
led by political uncertainties in the U.S. and France.
• Yield on the 10-year benchmark paper (7.10% GS 2034) was unchanged to
close at 7.01% as compared to the previous day’s close.
• Reserve Bank of India conducted the auction of government securities for
eight states for a notified amount of Rs. 14,100 crore for which amount of
Rs. 14,092.875 crore was accepted. The cut off yield ranged from 7.35% to
7.42%. The lowest yield was witnessed in case of Tamil Nadu and the highest
yield was witnessed in case of Kerala.
• RBI conducted the auction of 3-day Variable Rate Reverse Repo for the
notified amount of Rs. 75,000 crore for which amount of Rs. 38,227 crore
was accepted and the cut-off yield stood at 6.49%.
• The Indian rupee in the spot trade fell against the U.S. dollar due to
greenback demand from local importers.
• Euro rose against the U.S. dollar after remarks from particular European
Central Bank officials hinting that interest rates will not be decreased in the
immediate future.
• Gold prices fell slightly as investors continued to assess the outlook for the
U.S. Federal Reserve's interest rate moves.
• Brent crude oil prices (spot) rose on concerns about conflict in the Middle
East and expectations for rising fuel demand during the U.S. summer travel
season.
• According to Eurostat, eurozone’ jobless rate came in at a seasonally
adjusted 6.4% in May 2024, which was unchanged from Apr 2024 and
matched expectations. The unemployment rate was 6.5% in May 2023.
• According to Eurostat, eurozone’s harmonized index of consumer prices
posted an annual growth of 2.5% in Jun 2024, which was slower than the
2.6% increase in May 2024. The flash rate came in line with expectations.
• According to the Census and Statistics, Hong Kong’s retail sales fell 11.5%
YoY in May 2024, following a 14.7% plunge in Apr 2024. Moreover, it was the
third successive monthly fall.
Markets for You
