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 2022–2023 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 oil—described 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.
Markets for You
FII Derivative Trade Statistics
09-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 2413.70 2887.16 36390.93
Index Options 1772586.18 1768929.83 400073.47
Stock Futures 24173.27 27933.01 313615.33
Stock Options 44324.73 43885.23 39588.53
Total 1843497.88 1843635.23 789668.26
09-Jul Prev_Day
Change
Put Call Ratio (OI) 1.15 1.20 -0.04
Put Call Ratio(Vol) 0.76 0.84 -0.08
09-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 6.47% 6.49% 6.52% 6.59%
T-Repo 6.40% 6.35% 6.40% 6.37%
Repo 6.50% 6.50% 6.50% 6.50%
Reverse Repo 3.35% 3.35% 3.35% 3.35%
91 Day T-Bill 6.74% 6.78% 6.84% 6.70%
364 Day T-Bill 6.91% 6.93% 7.00% 6.87%
10 Year Gilt 6.99% 7.01% 7.02% 7.16%
G-Sec Vol. (Rs.Cr) 33705 30363 86792 51387
FBIL MIBOR 6.55% 6.55% 6.59% 6.65%
3 Month CP Rate 7.16% 7.22% 7.13% 6.99%
5 Year Corp Bond 7.54% 7.57% 7.59% 7.77%
1 Month CD Rate 6.96% 7.04% 7.03% 6.83%
3 Month CD Rate 7.07% 7.07% 7.15% 6.89%
1 Year CD Rate 7.66% 7.58% 7.65% 7.39%
Currency 09-Jul Prev_Day
Change
USD/INR 83.48 83.48 0.01
GBP/INR 106.92 106.90 0.02
EURO/INR 90.39 90.30 0.09
JPY/INR 0.52 0.52 0.00
Commodity 09-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 82.68 83.99 76.43 73.86
Brent Crude($/bl) 87.95 89.77 79.26 77.99
Gold( $/oz) 2364 2329 2293 1924
Gold(Rs./10 gm) 72271 71447 71748 58356
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
10 July 2024
Derivative Statistics- Nifty Options
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material.
• Nifty Jul 2024 Futures stood at 24,485.65, a premium of 52.45 points above
the spot closing of 24,433.20. The turnover on NSE’s Futures and Options
segment fell to Rs.8,571.17 crore on July 09, 2024, compared with Rs.
4,47,947.54 crore on July 08, 2024.
• The Put-Call ratio stood at 0.93 compared with the previous session’s close
of 0.88.
• The Nifty Put-Call ratio stood at 1.28 compared with the previous session’s
close of 1.18.
• Open interest on Nifty Futures stood at 16.03 million, compared with the
previous session’s close of 15.79 million.
• Bonds yields mostly remained unchanged as market participants awaited for
comments from the U.S. Federal Reserve’s Chairman to get hints on the
timing of a potential rate cut.
• Yield on the 10-year benchmark paper (7.10% GS 2034) was unchanged to
close at 6.99% as compared to the previous day’s close.
• RBI conducted the auction of 3-day Variable Rate Reverse Repo for the
notified amount of Rs. 25,000 crore for which amount of Rs. 21,310 crore
was accepted and the cut-off yield stood at 6.49%.
• Reserve Bank of India conducted the auction of government securities for
five states for a notified amount of Rs. 6,100 crore for which full amount was
accepted. The cut off yield ranged from 7.31% to 7.38%. The lowest yield
was witnessed in case of Tamil Nadu and the highest yield was witnessed in
case of Jammu & Kashmir.
• The Indian rupee in the spot trade edged up against the U.S. dollar following
rise in the domestic equity market.
• Euro fell against the U.S. dollar after the U.S. Federal Reserve Chair
recognized improvements in inflation and a slowing job market but did not
indicate that the U.S. central bank is nearing a decision to reduce interest
rates.
• Gold prices remained almost steady as investors were anticipating the
release of the U.S. Jun 2024 inflation data later in the week.
• Brent crude oil prices (spot) fell due to worries about future demand and
reports indicating that Hurricane Beryl did not result in significant harm to
refineries and ports along the Gulf coast.
• According to the British Retail Consortium, U.K. total retail sales fell 0.2% in
Jun 2024 from the previous year. As the cold weather in the first half of the
year weighed on consumer spending.
• The U.S. Federal Reserve Chair’s two-day testimony started on 9th Jul, 2024,
where the U.S. Fed Chair said more good data would strengthen the central
bank's confidence that inflation is moving sustainably toward its 2% target
and lead to a potential interest rate cut. Further, the U.S. Fed Chair added
that the Committee has mentioned that they do not anticipate lowering the
target range for the federal funds rate until they are more confident that
inflation is steadily progressing towards 2%. Additionally, the U.S. Fed Chair
said that "Reducing policy restraint too late or too little could unduly weaken
economic activity and employment."
Markets for You
