Global Indices
Global Indices 25-Jul Prev_Day Abs. Change
% Change
Russell 3000 2,770 2,796 -26 -0.93
Nasdaq 17,182 17,342 -161 -0.93
FTSE 8,186 8,154 33 0.40
Nikkei 37,870 39,155 -1,285 -3.28
Hang Seng 17,005 17,311 -306 -1.77
Indian Indices 25-Jul Prev_Day Abs. Change
% Change
BSE Sensex 80,040 80,149 -109 -0.14
Nifty 50 24,406 24,414 -7 -0.03
Nifty 100 25,408 25,389 19 0.07
Nifty 500 22,917 22,921 -4 -0.02
Nifty Bank 50,889 51,317 -428 -0.83
BSE Power 8,000 7,921 79 1.00
BSE Small Cap 53,758 53,832 -74 -0.14
BSE HC 39,351 39,100 252 0.64
Date P/E Div. Yield P/E Div. Yield
25-Jul 23.89 1.15 23.03 1.22
Month Ago 23.75 1.16 22.55 1.25
Year Ago 25.42 1.20 23.55 1.28
Nifty 50 Top 3 Gainers
Company 25-Jul Prev_Day
% Change
Tata Motors 1091 1028 6.15
ONGC 336 320 5.09
Indian Oil 177 169 4.78
Nifty 50 Top 3 Losers Domestic News
Company 25-Jul Prev_Day
% Change
Axis Bank 1176 1239 -5.11
Titan Industries Limited 3406 3478 -2.09
ICICI Bank 1198 1223 -2.05
Advance Decline Ratio
BSE NSE
Advances 2192 1288
Declines 2036 1366
Unchanged 144 59
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 39086
MF Flows** 193133
*25
th
Jul 2024; **23
rd
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.
26 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
542
-3508
4.85%
(Mar-24)
• Indian equity markets extended its losses into the fifth consecutive session
amid weak global cues. The key benchmark indices opened with significant
losses due to heavy profit-taking in banking, IT, metals and realty stocks,
following uncertainty over rate cuts and news flow around the U.S.
Presidential elections. Further, lower-than-expected earnings growth from
major banks kept the markets under pressure. However, markets recovered
from early losses and closed with minor losses as sentiments were buoyed
by the government's commitment to improving consumption and bridging
the gap for energy transition in the Budget.
• Key benchmark indices BSE SENSEX and Nifty 50 lost 0.14% and 0.03% to
close at 80,039.80 and 24,406.10 respectively.
• The overall market breadth on BSE was strong with 2,049 scrips advancing
and 1,877 scrips declining. A total of 97 scrips remained unchanged.
• On the BSE sectoral front, Oil & Gas was the major gainer, up 2.93%
followed by Energy, up 1.71% and Auto, up 1.23%. Metal was the major
loser, down 1.19% followed by Bankex, down 1.1% and Consumer Durables,
down 0.84%.
• Finance Minister has announced a reduction in the long-term capital gains
tax on property and gold from 20% to 12.5% in Union Budget 2024, along
with the removal of the inflation adjustment benefit.
• Finance Minister in Union Budget 2024 proposed to cut the customs duty on
gold & silver to 6% and platinum to 6.4% to increase domestic value addition
in the nation's gold and precious metal jewellery.
• According to the Minister of Road Transport and Highways of India, National
Highway Authority of India successfully managed its debt, pre-paying Rs.
15,700 crore in loans through Infrastructure Investment Trust proceeds.
With a debt of Rs. 3.35 lakh crore, the authority plans to service it via toll
revenue and asset monetisation.
• The Indian government has approved a significant budget of Rs. 10,000
crore to address price stability and fluctuations in food prices. The
Department of Consumer Affairs will use this funding to enhance the
procurement of essential food items like pulses and onions.
• Indian Energy Exchange (IEX) recorded a significant increase in consolidated
net profit to Rs 96.44 crore for Q1FY25, representing a growth of more than
27% mainly on the back of higher revenues. Total income rose to Rs 154.47
crore during the quarter from Rs 127.36 crore in the same period a year ago.
• Tech Mahindra announced a 23% YoY increase in its consolidated net profit
to Rs 851 crore for Q1FY25. This figure fell slightly short of the Street's
expectation of Rs 870 crore. Revenue from operations was down 1% YoY to
Rs 13,005 crore in the Apr-Jun 2024 period. On a sequential basis, profit
after tax increased 28% and revenue rose 1%.

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• Asian equity markets fell following the overnight sell-off on Wall Street.
China's unexpected medium-term lending interest rate reduction also
reminded of the difficulties confronting the globe's second-biggest
economy. The Chinese market fell as concerns were raised regarding the
Chinese economy. Additionally, the Japanese market fell as tech stocks
tumbled. Today (as on July 26), Asian markets opened on a mixed note
followed by weak corporate earning updates and stronger than expected
U.S. GDP data. While Nikkei fell 0.05%, Hang Seng rose 1.20% (as at 8 a.m.
IST).
• European equity markets closed lower as disappointing corporate earnings
update from some of the European and U.S. companies and , weighed on
the market sentiments. Additionally, sharp decline in German economic
sentiment for July also contributed to the downside.
• US equity markets closed on mixed note as stronger than expected U.S. GDP
data helped to boost the market sentiments. However, disappointing
earning updates from some of the index heavy weight stocks added
volatility in the markets.
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26 July 2024
Derivative Statistics- Nifty Options
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material.
• Nifty Jul 2024 Futures settled at spot closing of 24,406.10. Nifty Aug 2024
Futures stood at 24,455.40, a premium of 49.3 points, above the spot
closing. The turnover on NSE’s Futures and Options segment fell to
Rs.7,682.06 crore on July 25, 2024, compared with Rs.7,37,071.02 crore on
July 24, 2024.
• The Put-Call ratio stood at 0.88 compared with the previous session’s close
of 0.86.
• The Nifty Put-Call ratio stood at 1.01 compared with the previous session’s
close of 0.87.
• Open interest on Nifty Futures stood at 19.77 million, compared with the
previous session’s close of 18.28 million.
• Bond yields edged lower following an ease in crude oil prices and sentiments
remained upbeat as the Union Budget 2024 did not present any negative
triggers.
• Yield on the 10-year benchmark paper (7.10% GS 2034) fell by 1 bps to close
at 6.95% as compared to the previous close of 6.96%.
• Data from Reserve Bank of India showed that money supply grew 10.7% on a
yearly basis for the fortnight ended Jul 12, 2024 compared to a same rate of
increase in the same period of the previous year. Bank Credit to Commercial
Sector grew 14.9% on a yearly basis for the fortnight ended Jul 12, 2024
compared to an increase of 14.1% in the same period of the previous year.
• RBI announced to conduct the auction of 14-day Variable Rate Reverse Repo
for the notified amount of Rs. 1,50,000 crore on Jul 26, 2024.
• The Indian rupee in the spot trade rose against the U.S. dollar supported by
likely intervention from the Reserve Bank of India.
• Euro edged up against the U.S. dollar despite preliminary data reported that
the U.S. economy grew at a faster-than-expected pace of 2.8% in Q2 of 2024
from the estimate of 2.0%.
• Gold prices fell as investors booked profits ahead of U.S. economic data that
could provide additional clues regarding the U.S. Federal Reserve's plans to
reduce interest rates.
• Brent crude oil prices (spot) fell amid concerns over weak demand in China.
• According to the Commerce Department, U.S. real gross domestic product
surged by 2.8% in the second quarter of 2024 after jumping by 1.4% in the
first quarter of 2024. Economists had expected GDP to increase by 2.0%.
• According to a report, Japan’s service producer prices were up 3.0% on the
year in Jun 2024, accelerating from the upwardly revised 2.7% increase in
May 2024 (originally 2.5%). On a monthly basis, producer prices were flat for
a second straight month.
• According to the Labor Department, U.S. initial jobless claims fell to 235,000
in the week ended Jul 20th, 2024, a decrease of 10,000 from the previous
week's revised level of 245,000. Economists had expected jobless claims to
dip to 238,000 from the 243,000 originally reported for the previous week.
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