Global Indices
Global Indices 12-Jul Prev_Day Abs. Change
% Change
Russell 3000 2,967 2,950 17 0.58
Nasdaq 18,398 18,283 115 0.63
FTSE 8,253 8,223 30 0.36
Nikkei 41,191 42,224 -1,033 -2.45
Hang Seng 18,293 17,832 461 2.59
Indian Indices 12-Jul Prev_Day Abs. Change
% Change
BSE Sensex 80,519 79,897 622 0.78
Nifty 50 24,502 24,316 186 0.77
Nifty 100 25,577 25,434 144 0.56
Nifty 500 23,095 23,005 90 0.39
Nifty Bank 52,279 52,271 8 0.02
BSE Power 8,035 8,105 -70 -0.86
BSE Small Cap 54,013 54,086 -73 -0.13
BSE HC 38,397 38,438 -41 -0.11
Date P/E Div. Yield P/E Div. Yield
12-Jul 24.48 1.16 23.32 1.23
Month Ago 23.14 1.15 22.18 1.24
Year Ago 24.23 1.26 22.58 1.38
Nifty 50 Top 3 Gainers
Company 12-Jul Prev_Day
% Change
TCS 4184 3924 6.63
Wipro 560 534 4.88
Infosys 1712 1653 3.57
Nifty 50 Top 3 Losers Domestic News
Company 12-Jul Prev_Day
% Change
Indian Oil 167 174 -4.24
Maruti 12563 12715 -1.20
Divi's Lab 4539 4583 -0.94
Advance Decline Ratio
BSE NSE
Advances 1624 1070
Declines 2325 1583
Unchanged 87 59
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 18553
MF Flows** 196763
*12
th
Jul 2024; **10
th
Jul 2024
Economic Indicator
YoY(%) Current Year Ago
CPI
5.08%
(Jun-24)
4.87%
(Jun-23)
IIP
5.90%
(May-24)
5.70%
(May-23)
GDP
7.80%
(Mar-24)
6.20%
(Mar-23)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
15 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
5.60%
(Feb-24)
8.40%
(Dec-23)
Quarter Ago
Inflow/Outflow
918
347
4.85%
(Mar-24)
• Indian equity markets closed with healthy gains led by information
technology stocks as market sentiments were boosted following the
better-than-expected Q1 earnings of the largest domestic IT company.
Gains were further extended after softer-than-expected U.S. inflation data
in Jun 2024 bolstered hopes for two rate cuts this year by the U.S. Federal
Reserve.
• Key benchmark indices BSE SENSEX and Nifty 50 gained 0.78% and 0.77%
to close at 80,519.34 and 24,502.15 respectively.
• The overall market breadth on BSE was weak with 1,624 scrips advancing
and 2,325 scrips declining. A total of 87 scrips remained unchanged.
• On the BSE sectoral front, BSE Information Technology was the major
gainer, up 4.32% followed by BSE Teck, up 3.29% and BSE Fast Moving
Consumer Goods, up 0.24%. BSE Realty was the major loser, down 1.56%
followed by BSE Power, down 0.86% and BSE Industrials, down 0.59%.
• The consumer price index-based inflation rose to 5.08% YoY in Jun 2024
compared to 4.80% in May 2024. The number remained within the RBI's
upper tolerance level for the tenth consecutive month. Consumer food
price inflation accelerated to 9.36% YoY in Jun 2024 from 8.69% in May
2024.
• Industrial production growth in India (IIP) increased to 5.9% YoY in May
2024, as compared to 5.0% rise in Apr 2024. Production in the
manufacturing industry increased by 4.6%, mining by 6.6% and electricity
by 13.7% in May 2024.
• The National Bank for Agriculture and Rural Development (NABARD) has
introduced a Rs. 750 crore ‘Agri-SURE’ fund, aimed to promote investment
in innovative, technology-driven, high-risk, and high-impact activities in
agriculture and allied areas. The fund is being launched by NABVENTURES,
a subsidiary of NABARD with an initial corpus of Rs. 750 crore with Rs. 250
crore each from NABARD and the Ministry of Agriculture, and Rs. 250 crore
from other institutions.
• TCS's net profit for Q1FY24 dropped 3.16% to Rs. 12,040 crores, due to pay
increases for its more than 600,000 employees. However, the net profit
saw an 8.7% YoY increase. Revenue also saw a 5.4% rise, reaching Rs 62,613
crore. The operating margin stands at 24.7%. After increasing for three
consecutive quarters, TCS experienced a decrease in its operating margin
to 24.7% in Q1FY24, a decline of 130 basis points compared to the previous
three-month period. As per reports, the company managed to increase its
hiring in Q1FY24 by adding 5,452 new employees and nearly 11,000
trainees, reversing the previous drop.
• Prestige Estates Projects Ltd has announced a 23% decrease in its sales
bookings to Rs 3,029.5 crore in the first quarter of the current financial
year, attributed to reduced sales volumes caused by delays in launching
new projects. Its sales bookings stood at Rs 3,914.7 crore in the year-ago
period. According to reports, Prestige Estates reported a decrease in sales,
with 2.86 million square feet sold in Q1FY25 compared to 3.83 million
square feet sold in the same period last year.
• Asian equity markets closed on a mixed note as investors reacted to
surprisingly low U.S. inflation data, varied Chinese trade numbers, and
statements from multiple Federal Reserve officials regarding interest rate
trends. The Chinese market rose after the release of mixed trade data.
However, the Japanese market fell as the Japanese yen held gains on
speculation that authorities may have once again intervened in the foreign
exchange markets to support the struggling currency. Today (as on July
15), Asian markets opened higher ahead of China’s GDP data. Nikkei closed
due to a public holiday and Hang Seng fell by 0.54% (as at 8 a.m. IST).
• European equity markets rose on expectations regarding the U.S. Federal
Reserve interest rate cuts following weak U.S. consumer price inflation
figures for the month of Jun 2024, and somewhat dovish remarks from the
U.S. Federal Reserve Chair during his recent testimony to Congress.
• U.S. equity markets rose as investors were seeking to purchase stocks at
slightly lower prices after a significant decline on 11th Jul, 2024.
Additionally, investors continued to be positive about the future of interest
rates, despite a report from the Labor Department indicating that producer
prices in the U.S. rose slightly more than anticipated in Jun 2024.
Markets for You
FII Derivative Trade Statistics
12-Jul
(Rs Cr) Buy
Sell Open Int.
Index Futures 3194.36 5373.66 34999.59
Index Options 2275212.91 2342901.13 248104.68
Stock Futures 26088.54 31139.12 317711.39
Stock Options 48109.23 48269.11 49427.08
Total 2352605.04 2427683.02 650242.74
12-Jul Prev_Day
Change
Put Call Ratio (OI) 1.22 1.20 0.02
Put Call Ratio(Vol) 0.87 0.84 0.03
12-Jul Wk. Ago Mth. Ago
Year Ago
Call Rate 6.46% 6.55% 6.52% 6.45%
T-Repo 6.33% 6.42% 6.43% 6.29%
Repo 6.50% 6.50% 6.50% 6.50%
Reverse Repo 3.35% 3.35% 3.35% 3.35%
91 Day T-Bill 6.55% 6.68% 6.83% 6.72%
364 Day T-Bill 6.87% 6.92% 6.99% 6.85%
10 Year Gilt 6.99% 6.99% 7.01% 7.12%
G-Sec Vol. (Rs.Cr) 52961 49996 41261 35996
FBIL MIBOR 6.55% 6.60% 6.60% 6.50%
3 Month CP Rate 7.17% 7.15% 7.13% 6.99%
5 Year Corp Bond 7.58% 7.56% 7.59% 7.74%
1 Month CD Rate 7.00% 6.96% 7.06% 6.80%
3 Month CD Rate 7.01% 7.15% 7.12% 6.87%
1 Year CD Rate 7.69% 7.67% 7.64% 7.40%
Currency 12-Jul Prev_Day
Change
USD/INR 83.54 83.53 0.00
GBP/INR 107.83 107.44 0.38
EURO/INR 90.77 90.53 0.24
JPY/INR 0.52 0.52 0.01
Commodity 12-Jul Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 83.39 84.34 79.46 75.72
Brent Crude($/bl) 88.80 90.14 81.62 80.42
Gold( $/oz) 2411 2391 2323 1957
Gold(Rs./10 gm) 72743 72348 71318 58566
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
15 July 2024
Derivative Statistics- Nifty Options
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material.
• Nifty Jul 2024 Futures stood at 24,521.60, a premium of 19.45 points above
the spot closing of 24,502.15. The turnover on NSE’s Futures and Options
segment fell to Rs.10,006.50 crore on July 12, 2024, compared with Rs.
4,63,778.57 crore on July 11, 2024.
• The Put-Call ratio stood at 0.87 compared with the previous session’s close
of 0.89.
• The Nifty Put-Call ratio stood at 1.28 compared with the previous session’s
close of 0.95.
• Open interest on Nifty Futures stood at 16.04 million, compared with the
previous session’s close of 15.48 million.
• Bond yields gave up its initial gains and rose marginally, despite a decline in
U.S. Treasury yields, after softer-than-expected U.S. consumer inflation data
of Jun 2024 boosted the optimism of rate cuts by the U.S. central bank.
• Yield on the 10-year benchmark paper (7.10% GS 2034) rose by 1 bps to close
at 6.99% as compared to the previous close of 6.98%.
• Reserve Bank of India conducted the auction of two government securities
namely 7.02% GS 2031 and 7.34% GS 2064 for a notified amount of Rs.
22,000 crore, which was completely accepted. The cut off price/implicit yield
at cut-off for 7.02% GS 2031 and 7.34% GS 2064 stood at Rs.
100.16/6.9890% and Rs. 103.12/7.1025%, respectively.
• The Indian rupee in the spot trade rose against the U.S. dollar after U.S.
inflation data boosted expectations of policy easing by the U.S. Federal
Reserve.
• Euro rose against the U.S. dollar amid hopes that the U.S. Federal Reserve
would cut interest rates in Sep 2024.
• Gold prices fell slightly on Friday but saw gains for the third week in a row as
the possibility of a U.S. Federal Reserve interest rate cut in Sep 2024 became
more likely.
• Brent crude oil prices (spot) rose amid signs of improved summer demand
and optimism over U.S. interest-rate cuts.
• According to the Ministry of Economy, Trade, and Industry, Japan’s industrial
production advanced 3.6% MoM in May 2024, reversing a 0.9% decrease in
Apr 2024. In the initial estimate, the rate of growth was 2.8%. YoY industrial
production recovered 1.1% in May 2024 vs a 1.8% fall in Apr 2024.
• According to Destatis, Germany’s wholesale prices posted an annual decline
of 0.6% YoY in Jun 2024, following a 0.7% drop in May 2024.
• According to the General Administration of Customs, China’s exports posted
an annual growth of 8.6% YoY in Jun 2024 after rising 7.6% in May 2024.
• According to the Labor Department, U.S. producer price index for final
demand rose by 0.2% MoM in Jun 2024 following a revised unchanged
reading in May 2024.
Markets for You
