Global Indices
Global Indices 03-Jul Prev_Day Abs. Change
% Change
Russell 3000 2,942 2,917 25 0.86
Nasdaq 18,188 18,029 160 0.88
FTSE 8,171 8,121 50 0.61
Nikkei 40,581 40,075 506 1.26
Hang Seng 17,979 17,769 209 1.18
Indian Indices 03-Jul Prev_Day Abs. Change
% Change
BSE Sensex 79,987 79,441 545 0.69
Nifty 50 24,287 24,124 163 0.67
Nifty 100 25,307 25,120 187 0.74
Nifty 500 22,851 22,678 173 0.76
Nifty Bank 53,089 52,168 921 1.77
BSE Power 7,976 7,900 76 0.96
BSE Small Cap 53,442 52,988 454 0.86
BSE HC 37,429 37,159 270 0.73
Date P/E Div. Yield P/E Div. Yield
3-Jul 24.34 1.14 23.11 1.22
Month Ago 23.10 1.06 22.13 1.17
Year Ago 24.15 1.26 22.51 1.40
Nifty 50 Top 3 Gainers
Company 03-Jul Prev_Day
% Change
Tata Beverages 1146 1105 3.74
Adani Ports & SEZ 1511 1475 2.43
Kotak Bank 1811 1770 2.32
Nifty 50 Top 3 Losers Domestic News
Company 03-Jul Prev_Day
% Change
TCS 3965 4017 -1.30
Titan Industries Limited 3360 3400 -1.16
Shree Cements Limited 27384 27698 -1.13
Advance Decline Ratio
BSE NSE
Advances 2295 1674
Declines 1640 993
Unchanged 86 61
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 1753
MF Flows** 186127
*3
rd
Jul 2024; **1
st
Jul 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.
04 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
3249
-2507
5.09%
(Feb-24)
• Indian equity markets closed with healthy gains amid positive global cues.
After opening on a higher note, the key benchmark indices reached fresh
highs and closed near peaks, supported by purchasing across the sectors as
sentiments were boosted following the dovish commentary from the U.S.
Federal Reserve chair, which fueled hopes that rate cuts are closer. While
acknowledging the progress in disinflation, the Fed chairman added that
officials must have greater confidence before reducing interest rates.
Investors awaited for the last Federal Reserve meeting minutes to get cues
on when the U.S. central bank could start its rate-reduction cycle.
• Key benchmark indices BSE SENSEX and Nifty 50 gained 0.69% and 0.67%
to close at 79,986.80 and 24,286.50 respectively.
• The overall market breadth on BSE was strong with 2,295 scrips advancing
and 1,640 scrips declining. A total of 86 scrips remained unchanged.
• On the BSE sectoral front, BSE Bankex was the major gainer, up 1.75%
followed by BSE Financial Services, up 1.55% and BSE Telecommunication,
up 1.44%. BSE Oil & Gas was the only loser, down 0.03%.
• India’s Services Purchasing Managers’ Index (PMI) rose slightly to 60.5 in
Jun 2024 as compared to 60.2 in May 2024 buoyed by strong demand and a
record rise in export orders. Composite PMI also rose to 60.9 from 60.5 in
the same period.
• According to National Council of Applied Economic Research’s report
"Rethinking Social Safety Nets in a Changing Society", poverty in India
declined from 21.2% in 2011-12 to 8.5% in 2022-24, despite pandemic
challenges.
• According to the CBIC Chairman, the Finance Bill that will be introduced in
Parliament later in Jul 2024 along with the Budget, will include the
decisions made at the GST Council meeting last month, like amnesty
scheme for initial years of rollout and sunset date for profiteering
complaints.
• LatentView Analytics, a company specializing in digital analytics consulting
and solutions based in Chennai, has purchased 70% of the remaining equity
in Decision Point for $39.1 million.
• Jakson Green, a new energy transition platform, announced that it has
signed an agreement with NHPC, a state-owned company, for the provision
of 400 MW of solar power. According to reports, Jakson Green has signed
its first Power Purchase Agreement (PPA) with NHPC Ltd.
• Asian equity markets mostly rose as comments made by the U.S. Federal
Reserve Chair have strengthened the belief that the Fed could lower
interest rates in the coming year. The Japanese market rose as technology
stocks followed their U.S. peers higher. The Hong Kong market rose, led by
technology stocks. Today (as on July 04), Asian markets opened higher as
Asia-Pacific markets opened higher. Both Nikkei and Hang Seng rose by
0.30% and 0.52% respectively (as at 8 a.m. IST).
• European equity markets rose as investors are increasing their holdings in
anticipation of upcoming elections in the U.K. and France, set to occur on
4th Jul and 7th Jul,2024, respectively. Meanwhile, investors digested the
latest batch of economic data from Europe and the U.S., as well as some
corporate news from the region.
• U.S. equity markets mostly rose on expectations regarding future interest
rates increased after the publication of economic data that was not as
strong as anticipated. A recent report from the Institute for Supply
Management revealed an unforeseen decline in U.S. service sector
performance during Jun 2024.
Markets for You
FII Derivative Trade Statistics
03-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 3498.17 3735.30 34528.42
Index Options 2575083.51 2602770.22 375677.87
Stock Futures 29038.39 34109.62 300089.93
Stock Options 43865.11 44815.30 27001.73
Total 2651485.18 2685430.44 737297.95
03-Jul Prev_Day
Change
Put Call Ratio (OI) 1.24 1.15 0.09
Put Call Ratio(Vol) 1.01 1.06 -0.04
03-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 6.49% 6.59% 6.46% 6.39%
T-Repo 6.34% 6.54% 6.32% 6.27%
Repo 6.50% 6.50% 6.50% 6.50%
Reverse Repo 3.35% 3.35% 3.35% 3.35%
91 Day T-Bill 6.75% 6.79% 6.80% 6.70%
364 Day T-Bill 6.93% 6.94% 7.05% 6.82%
10 Year Gilt 7.00% 7.00% 6.94% 7.12%
G-Sec Vol. (Rs.Cr) 34001 45595 81669 36753
FBIL MIBOR 6.55% 6.65% 6.52% 6.45%
3 Month CP Rate 7.20% 7.24% 7.18% 7.05%
5 Year Corp Bond 7.55% 7.55% 7.58% 7.76%
1 Month CD Rate 6.85% 7.14% 7.05% 6.90%
3 Month CD Rate 6.98% 7.19% 7.24% 6.94%
1 Year CD Rate 7.57% 7.67% 7.65% 7.45%
Currency 03-Jul Prev_Day
Change
USD/INR 83.53 83.52 0.02
GBP/INR 105.96 105.55 0.42
EURO/INR 89.72 89.64 0.08
JPY/INR 0.52 0.52 0.00
Commodity 03-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 85.09 82.09 75.16 69.66
Brent Crude($/bl) 89.70 87.25 77.59 75.80
Gold( $/oz) 2356 2298 2350 1921
Gold(Rs./10 gm) 71975 71077 71486 57929
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
04 July 2024
Derivative Statistics- Nifty Options
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material.
• Nifty Jul 2024 Futures stood at 24,350.40, a premium of 63.90 points above
the spot closing of 24,286.50. The turnover on NSE’s Futures and Options
segment fell to Rs.8,217.93 crore on July 03, 2024, compared with Rs.
4,35,524.97 crore on July 02, 2024.
• The Put-Call ratio stood at 0.9 compared with the previous session’s close of
0.94.
• The Nifty Put-Call ratio stood at 1.24 compared with the previous session’s
close of 1.15.
• Open interest on Nifty Futures stood at 15.97 million, compared with the
previous session’s close of 16.05 million.
• Bond yields fell marginally following the ease in U.S. Treasury yields, while
market participants continue to gauge the pace of foreign inflows into Indian
government bonds since the inclusion of local debt in the JPMorgan index.
• Yield on the 10-year benchmark paper (7.10% GS 2034) fell by 1 bps to close
at 7.00% as compared to the previous close of 7.01%.
• Data from Reserve Bank of India showed that reserve money grew 7.4% on a
yearly basis for the week ended Jun 28, 2024 compared to an increase of
6.3% in the same period of the previous year. The currency in circulation
grew 6.0% on a yearly basis for the week ended Jun 28, 2024 compared to
an increase of 4.9% in the same period of the previous year.
• The Indian rupee in the spot trade fell against the U.S. dollar due to strong
greenback demand from local corporates and state-run banks alongside
weakness in Asian currencies.
• Euro rose against the U.S. dollar after a slew of softer-than-expected U.S.
economic data that added to expectations that the U.S. Federal Reserve will
likely start cutting interest rates later this year.
• Gold prices rose as the U.S. dollar declined ahead of the release of the
minutes of the U.S. Federal Reserve's most recent monetary policy meeting.
• Brent crude oil prices (spot) fell slightly after the Energy Information
Administration released a report that showing there was a larger decrease in
U.S. crude oil inventories than anticipated for the week ending on Jun 28th,
2024.
• According to the Institute for Supply Management, U.S. manufacturing PMI
edged down to 48.5 in Jun 2024 from 48.7 in May 2024.
• According to the Institute for Supply Management, U.S. services PMI slid to
48.8 in Jun 2024 from 53.8 in May 2024, with a reading below 50 indicating
contraction. Economists had expected the index to edge down to 52.5.
• According to a survey, China’s service PMI score of 51.2 in Jun 2024. That's
down from 54.0 in May 2024, although it remains above the boom-or-bust
line of 50 that separates expansion from contraction.
• According to Eurostat, eurozone’s producer prices posted an annual fall of
4.2% in May 2024 after a 5.7% decrease in Apr 2024. Prices were expected to
grow 4.1%.
Markets for You
