Global Indices
Global Indices 03-Jun Prev_Day Abs. Change
% Change
Russell 3000 2,712 2,699 13 0.50
Nasdaq 16,829 16,735 94 0.56
FTSE 8,263 8,275 -13 -0.15
Nikkei 38,923 38,488 435 1.13
Hang Seng 18,403 18,080 323 1.79
Indian Indices 03-Jun Prev_Day Abs. Change
% Change
BSE Sensex 76,469 73,961 2,507 3.39
Nifty 50 23,264 22,531 733 3.25
Nifty 100 24,344 23,518 826 3.51
Nifty 500 21,797 21,103 694 3.29
Nifty Bank 50,980 48,984 1,996 4.07
BSE Power 8,285 7,699 585 7.60
BSE Small Cap 48,232 47,264 969 2.05
BSE HC
[1]
34,890 35,084 -195 -0.55
Date P/E Div. Yield P/E Div. Yield
3-Jun 23.10 1.06 22.13 1.17
Month Ago 23.71 1.20 21.87 1.16
Year Ago 23.20 1.31 21.58 1.45
Nifty 50 Top 3 Gainers
Company 03-Jun Prev_Day
% Change
Adani Ports & SEZ 1584 1437 10.20
NTPC 392 359 9.14
SBI 906 830 9.07
Nifty 50 Top 3 Losers Domestic News
Company 03-Jun Prev_Day
% Change
Eicher Motors Limited 4671 4733 -1.32
HCL Tech 1314 1324 -0.73
Asian Paints 2866 2881 -0.51
Advance Decline Ratio
BSE NSE
Advances 2346 1661
Declines 1615 971
Unchanged 154 95
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -21186
MF Flows** 159761
*3
rd
Jun 2024; **30
th
May 2024
Economic Indicator
YoY(%) Current Year Ago
CPI
4.83%
(Apr-24)
4.70%
(Apr-23)
IIP
4.90%
(Mar-24)
1.90%
(Mar-23)
GDP
7.80%
(Mar-24)
6.20%
(Mar-23)
[1]
Data as on 31 May, 2024
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
04 June 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
4.40%
(Dec-23)
8.40%
(Dec-23)
Quarter Ago
Inflow/Outflow
-258
2178
5.10%
(Jan-24)
• Indian equity markets hit new record highs as buying was seen across the
board in the wake of an optimistic election outcome. There was also some
cheer on the economic front as government data revealed that India's GDP
growth surpassed all expectations and stood at 7.8% in the fourth quarter
of FY24. Gains were also boosted by the much-anticipated publication of
Commerce Department data, which revealed that although overall U.S.
consumer prices rose in Apr 2024 in line with analyst predictions, core
consumer prices jumped somewhat less than anticipated.
• Key benchmark indices BSE Sensex and Nifty 50 gained 3.39% and 3.25% to
close at 76,468.78 and 23,263.90 respectively.
• The overall market breadth on BSE was strong with 2,295 scrips advancing
and 1,679 scrips declining. A total of 141 scrips remained unchanged.
• On the BSE sectoral front, all sectors gained. BSE Utilities was the major
gainer, up 7.78%, followed by BSE Power and BSE Oil & Gas, up 7.6% and
7.42%, respectively. BSE Energy and BSE Realty gained 6.28% and 5.87%
respectively.
• According to the Ministry of Finance, the gross Goods and Services Tax
(GST) revenue for the month of May 2024 stood at Rs. 1.73 lakh crore,
representing a 10% YoY growth, driven by a strong increase in domestic
transactions and slowing of imports (down 4.3%). After accounting for
refunds, the net GST revenue for May 2024 stands at Rs. 1.44 lakh crore,
reflecting a growth of 6.9% YoY.
• The Manufacturing Purchasing Managers' Index eased slightly to 57.5 in
May 2024 compared to 58.8 in Apr 2024. This signaled a slower but still
substantial improvement in the country’s manufacturing sector, amid a
softer rise in new orders and output.
• According to reports, the updated toll prices for drivers on national
highways around the nation went into effect on 3rd Jun, 2024. The toll
rates have been increased by an average of 5% by the National Highways
Authority of India (NHAI).
• Microsoft plans to develop its cloud and artificial intelligence infrastructure
in Sweden over the course of two years, investing 33.7 billion Swedish
crowns ($3.21 billion). The investment, Microsoft's biggest to date in
Sweden, includes a pledge to help train some 250,000 people with AI skills,
corresponding to 2.4% of the population, which will help boost the Nordic
country's competitiveness.
• The largest eyewear store in Asia, Lenskart, has raised $200 million in
secondary funding from Fidelity Management and Research Company
(FMR) and Temasek, a Singaporean company. Temasek is increasing its
stake in Lenskart with this investment, while FMR is also adding to the cap
table. Lenskart is now among the largest growth-stage financings
internationally, having raised about $1 billion in capital in the 18 months
after this transaction.
• Asian equity markets rose as a private poll revealed that May 2024 saw
China's factory activity grow at its quickest rate in over two years due to
production improvements and new orders, and weaker U.S. inflation data
revived optimism for rate cuts. The Japanese market rose after a survey
showed that the health of Japan's manufacturing economy improved for
the first time in a year during May 2024. Today (as on June 04), Asian
markets opened lower as investors are now awaiting the final results of
India’s general elections. Nikkei fell by 0.63% and Hang Seng rose by 0.54%
(as at 8 a.m. IST).
• European equity markets mostly rose ahead of the European Central Bank's
anticipated monetary policy decision later this week and investors have
begun purchasing stocks. On 6th Jun, 2024, the European Central Bank
(ECB) is expected to announce its first interest rate drop of the cycle.
• U.S. equity markets closed on a mixed note following a bullish start and a
subsequent pullback that led to a fairly extended stint in negative territory
on Monday. Information indicating a decline in the country's manufacturing
sector in May 2024 dampened the mood. Manufacturing activity in the U.S.
unexpectedly shrank at a somewhat higher rate in May 2024, dropping to
48.7 from 49.2 in Apr 2024, according to a study from the Institute for
Supply Management.
Markets for You
FII Derivative Trade Statistics
03-Jun
(Rs Cr) Buy
Sell Open Int.
Index Futures 8130.20 9180.90 28199.67
Index Options 1025581.50 1059918.00 358225.49
Stock Futures 41810.62 36839.16 268857.79
Stock Options 34952.61 35291.13 16390.39
Total 1110474.93 1141229.19 671673.34
03-Jun Prev_Day
Change
Put Call Ratio (OI) 1.04 1.00 0.04
Put Call Ratio(Vol) 0.74 0.81 -0.07
03-Jun Wk. Ago Mth. Ago
Year Ago
Call Rate 6.46% 6.68% 6.45% 6.39%
T-Repo 6.32% 6.56% 6.35% 6.30%
Repo 6.50% 6.50% 6.50% 6.50%
Reverse Repo 3.35% 3.35% 3.35% 3.35%
91 Day T-Bill 6.80% 6.88% 6.98% 6.70%
364 Day T-Bill 7.05% 7.03% 7.06% 6.85%
10 Year Gilt 6.94% 6.98% 7.11% 6.98%
G-Sec Vol. (Rs.Cr) 81669 68552 54463 58252
FBIL MIBOR 6.52% 6.75% 6.50% 6.44%
3 Month CP Rate 7.18% 7.16% 7.27% 6.98%
5 Year Corp Bond 7.58% 7.59% 7.72% 7.38%
1 Month CD Rate 7.05% 6.98% 7.00% 6.68%
3 Month CD Rate 7.24% 7.33% 7.21% 6.95%
1 Year CD Rate 7.65% 7.50% 7.50% 7.29%
Currency 03-Jun Prev_Day
Change
USD/INR 83.07 83.30 -0.23
GBP/INR 105.80 105.93 -0.13
EURO/INR 90.15 90.12 0.03
JPY/INR 0.53 0.53 0.00
Commodity 03-Jun Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 75.16 78.28 79.45 71.71
Brent Crude($/bl) 77.59 80.06 84.70 75.82
Gold( $/oz) 2350 2351 2302 1948
Gold(Rs./10 gm) 71486 71926 70941 60099
Source: Refinitiv
[1]
Data as on 31 May, 2024
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 June 2024
Derivative Statistics- Nifty Options
Disclaimer:
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material.
• Nifty Jun 2024 Futures stood at 23,407.90, a premium of 144.00 points
above the spot closing of 23,263.90. The turnover on NSE’s Futures and
Options segment fell to Rs.14,357.23 crore on June 03, 2024, compared
with Rs. 3,05,880.04 crore on May 31, 2024.
• The Put-Call ratio stood at 0.7 compared with the previous session’s close of
0.79.
• The Nifty Put-Call ratio stood at 1.04 compared with the previous session’s
close of 1.
• Open interest on Nifty Futures stood at 15.19 million, compared with the
previous session’s close of 15.64 million.
• Bond yields decreased, with the benchmark yield ending at its lowest level in
two years, after exit polls signalled that the ruling party at the centre will
secure a third term with a wider majority.
• Yield on the 10-year benchmark paper (7.10% GS 2034) fell by 4 bps to close
at 6.94% as compared to the previous close of 6.98%.
• Reserve Bank of India announced the sale (re-issue) of two dated securities
namely 7.10% GS 2034, and 7.30% GS 2053 for a notified amount of Rs.
29,000 crore. The auction will be conducted on Jun 07, 2024.
• The Indian rupee in the spot trade rose against the U.S. dollar ahead of
election results and positive trends in the domestic equity market.
• Euro rose against the U.S. dollar after data revealed that the U.S. economy is
progressively slowing down, with manufacturing figures on the downside
from expectations.
• Gold prices rose as the U.S. dollar declined after recent data suggested that
this year's increase in the Fed's preferred measure of inflation was the least,
which raised expectations of a reduction in interest rates.
• Brent crude oil prices (spot) fell after an announcement by OPEC+ that the
group will begin phasing out voluntary production cuts over the next one
year.
• According to a survey, China’s Caixin manufacturing Purchasing Managers'
Index rose more-than-expected to 51.7 in May 2024 from 51.4 in the
previous month. The reading was seen at 51.6.
• According to a survey, Japan’s manufacturing PMI score of 50 in May 2024.
That's up from 49.6 in Apr 2024, and it moves above the boom-or-bust line of
50 that separates expansion from contraction.
• According to the Institute for Supply Management, U.S. manufacturing PMI
edged down to 48.7 in May 2024 from 49.2 in Apr 2024, with a reading
below 50 indicating contraction. Economists had expected the index to inch
up to 49.6.
Markets for You
