Global Indices
Global Indices 09-Jul Prev_Day Abs. Change
% Change
Russell 3000 2,977 2,975 2 0.06
Nasdaq 18,429 18,404 26 0.14
FTSE 8,140 8,193 -54 -0.66
Nikkei 41,580 40,781 799 1.96
Hang Seng 17,523 17,524 -1 0.00
Indian Indices 09-Jul Prev_Day Abs. Change
% Change
BSE Sensex 80,352 79,960 391 0.49
Nifty 50 24,433 24,321 113 0.46
Nifty 100 25,515 25,394 122 0.48
Nifty 500 23,067 22,971 96 0.42
Nifty Bank 52,569 52,426 143 0.27
BSE Power 8,095 8,056 39 0.48
BSE Small Cap 54,155 54,035 120 0.22
BSE HC 38,448 38,068 380 1.00
Date P/E Div. Yield P/E Div. Yield
9-Jul 24.45 1.16 23.25 1.23
Month Ago 23.17 1.14 21.71 1.25
Year Ago 24.02 1.27 22.52 1.39
Nifty 50 Top 3 Gainers
Company 09-Jul Prev_Day
% Change
Maruti 12828 12024 6.69
M&M 2926 2851 2.60
Shree Cements Limited 27776 27193 2.14
Nifty 50 Top 3 Losers Domestic News
Company 09-Jul Prev_Day
% Change
Tata Beverages 1142 1151 -0.75
RIL 3181 3202 -0.66
United Phos 564 567 -0.61
Advance Decline Ratio
BSE NSE
Advances 1960 1355
Declines 1973 1314
Unchanged 93 47
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 14494
MF Flows** 194222
*9
th
Jul 2024; **5
th
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.
10 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
275
162
5.09%
(Feb-24)
Indian equity markets rose as sentiments were boosted following the
foreign fund inflows along with retreat in crude oil prices from the recent
high of $90 per barrel mark. The key benchmark indices reached a record
high as consumption sectors like FMCG and auto are leading the gains,
buoyed by progress in the monsoon and kharif sowing. However, gains
were restricted due to sell-off in information technology sectors ahead of
the release of Q1 FY25 earnings.
Key benchmark indices BSE SENSEX and Nifty 50 gained 0.49% and 0.46%
to close at 80,351.64 and 24,433.20 respectively.
The overall market breadth on BSE was weak with 1,960 scrips advancing
and 1,973 scrips declining. A total of 93 scrips remained unchanged.
On the BSE sectoral front, BSE Auto was the major gainer, up 2.17%
followed by BSE Consumer Durables, up 2.01% and BSE Realty, up 1.23%.
BSE Telecommunication was the major loser, down 0.44% followed by BSE
Energy, down 0.14% and BSE Capital Goods, down 0.11%.
According to the RBI, employment in India was increased by 3.31% across
27 sectors in 20222023 to reach 59.66 crore. This growth has been
facilitated by several industries, including construction and agriculture, as
per the India KLEMS Database update.
According to Agriculture Ministry, during the 2024-25 kharif season, area
sown to paddy increased by 19.35% to 59.99 lakh hectares. Pulses,
particularly arhar, rose to 36.81 lakh hectares, maize reached 41.09 lakh
hectares and oilseeds covered 80.31 lakh hectares.
The Commerce and Industry Ministry announced that it would reopen the
application period to companies eager to invest and seek benefits under
the production-linked incentive scheme for white goods, which includes air
conditioners and LED lights. The application window will be opened from
Jul 15 to Oct 12, 2024, lasting for a total of 90 days.
The government of Uttar Pradesh has declared that registration tax will be
fully waived for strong hybrid and plug-in hybrid electric vehicles, effective
immediately.
ONGC plans to invest approximately Rs. 2 lakh crores in the establishment
of renewable energy sites, green hydrogen plants, and zero gas flaring in
order to meet its 2038 net-zero carbon emission target. The company
which generates roughly 58% of natural gas and roughly 2/3rd of India's
crude oildescribed its strategy for reaching net-zero emissions.
The Adani Group is intending to start shipbuilding operations at Mundra
port in Kutch, Gujarat. This choice is being made because shipyards in key
countries such as China, South Korea, and Japan are completely reserved
until 2028, prompting fleet owners to consider other manufacturing sites
like India for their new vessels. India is currently ranked 20 in the world for
commercial ship building with a 0.05% market share. Aiming to place the
country in the top 5 by 2047 and top 10 by 2030, respectively.
Asian equity markets rose after Wall Street stocks slightly increased to
reach all-time highs before the U.S. Federal Reserve Chair's testimony and
important U.S. consumer and producer price inflation data scheduled for
this week. Meanwhile, investors are anticipating a positive upcoming U.S.
earnings season. However, the Hong Kong market fell marginally ahead of
the China's inflation data. Today (as on July 10), Asian markets opened
mixed as investors are waiting for Japan and China inflation data. Both
Nikkei and Hang Seng rose by 0.25% and 0.78% (as at 8 a.m. IST).
European equity markets as investors became cautious and reduced their
commitments due to uncertainty about interest rates and changes in
leadership in the U.K. and France following recent elections in those
countries. Further, a slew of disappointing corporate updates weighed on
sentiment.
U.S. equity market rose slightly as investors digested the U.S. Federal
Reserve Chair's testimony before the Senate Banking Committee. The U.S.
Fed Chair informed the committee that additional positive data would
increase the central bank's certainty that inflation is steadily progressing
towards its 2% goal, potentially resulting in a decrease in interest rates.
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