Global Indices
Global Indices 25-Jun Prev_Day Abs. Change
% Change
Russell 3000 2,868 2,838 30 1.06
Nasdaq 17,718 17,497 221 1.26
FTSE 8,248 8,282 -34 -0.41
Nikkei 39,173 38,805 369 0.95
Hang Seng 18,073 18,028 45 0.25
Indian Indices 25-Jun Prev_Day Abs. Change
% Change
BSE Sensex 78,054 77,341 712 0.92
Nifty 50 23,721 23,538 183 0.78
Nifty 100 24,758 24,622 136 0.55
Nifty 500 22,371 22,289 82 0.37
Nifty Bank 52,606 51,704 902 1.74
BSE Power 7,832 7,916 -83 -1.05
BSE Small Cap 52,064 52,078 -14 -0.03
BSE HC 36,742 36,712 30 0.08
Date P/E Div. Yield P/E Div. Yield
25-Jun 23.75 1.16 22.55 1.25
Month Ago 24.18 1.23 21.88 1.28
Year Ago 23.26 1.31 21.73 1.45
Nifty 50 Top 3 Gainers
Company 25-Jun Prev_Day
% Change
Axis Bank 1271 1228 3.53
ICICI Bank 1198 1170 2.38
HDFC Bank 1711 1672 2.33
Nifty 50 Top 3 Losers Domestic News
Company 25-Jun Prev_Day
% Change
BPCL 296 305 -2.93
Eicher Motors Limited 4775 4871 -1.97
Power Grid 327 333 -1.67
Advance Decline Ratio
BSE NSE
Advances 1897 1147
Declines 2277 1474
Unchanged 154 66
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -8536
MF Flows** 184536
*25
th
Jun 2024; **21
st
Jun 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.
26 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
4.20%
(Jan-24)
8.40%
(Dec-23)
Quarter Ago
Inflow/Outflow
647
860
5.09%
(Feb-24)
• Indian equity markets closed with healthy gains amid positive global cues.
The key benchmark indices hit fresh record highs as investors’ sentiment
was underpinned after the central bank data showed that India's current
account balance recorded a surplus of $5.7 billion or 0.6% of GDP in Q4
FY24, driven by a lower merchandise trade deficit.
• Key benchmark indices BSE SENSEX and Nifty 50 gained 0.92% and 0.78% to
close at 78,053.52 and 23,721.30 respectively..
• The overall market breadth on BSE was weak with 1,747 scrips advancing
and 2,149 scrips declining. A total of 104 scrips remained unchanged.
• On the BSE sectoral front, BSE Bankex was the major gainer, up 1.87%
followed by BSE Financial Services, up 1.45% and BSE Information
Technology, up 0.53%. BSE Realty was the major loser, down 1.82%
followed by BSE Power, down 1.05% and BSE Utilities, down 0.95%.
• India’s current account balance recorded a surplus of US$ 5.7 billion (0.6% of
GDP) in Q4 FY24 as against a deficit of US$ 8.7 billion (1.0% of GDP) in Q3
FY24 and US$ 1.3 billion (0.2% of GDP) in Q4 FY23. Current account deficit
improved significantly to US$ 23.2 billion (0.7% of GDP) during FY24 from
US$ 67.0 billion (2.0% of GDP) in FY23 on the back of a lower merchandise
trade deficit.
• According to the chairman of the Pension Fund Regulatory and
Development Authority, a new life cycle fund option with up to 50% equity
exposure will be introduced by Sep 2024. According to him, in order to give
participants more exposure to the equity markets, the tapering age will be
raised from the current 35 years to 45 years.
• A major foreign credit rating agency retained its growth forecast for Indian
economy at 6.8% for FY25, citing high interest rates and lower fiscal boost
tempering demand in the non-agricultural sectors.
• Tata Motors announced that it has teamed up with Bajaj Finance Ltd to
provide financing options for all its commercial vehicles. The company has
signed a memorandum of understanding (MoU) with Bajaj Finance Ltd, part
of Bajaj Finserv Ltd, for the same and customers will benefit from the
latter's wide reach, competitive interest rates, flexi loan and digitally-
enabled loan processing.
• JSW Steel announced that its subsidiary JSW Steel USA intends to invest
$110 million in upgrading its steel plate mill in Baytown, Texas by
incorporating new machinery and eco-friendly technology. These
investments will enable the production of high-quality monopile steel plates
to support the US administration's new actions to expand offshore wind
energy by deploying 30 gigawatts (GW) of offshore wind by 2030, enough to
power 10 million homes with clean energy.

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• Asian equity markets mostly rose as commodity and auto stocks surged. The
Japanese market rose ahead of Tokyo inflation data due on 28th Jun, 2024.
However, the Chinese market fell as May 2024 industrial profits and Jun
2024 manufacturing survey results are due this weekend. Today (as on June
26), Asian markets opened on a mixed note ahead of the release of latest
inflation data from Australia and Singapore’s May manufacturing output
data. While Nikkei rose 0.63%, Hang Seng fell 0.49% (as at 8 a.m. IST)..
• European equity markets fell as investors followed the latest political
updates in France and some of the corporate news. Investors also looking
ahead to the U.S. consumer income & spending in the United States to
predict the direction of the Federal Reserve's monetary policy.
• US equity markets closed on a mixed note as investors remained cautions
ahead of the release of some of the key economic data which will provide
fresh insights on the outlook for Federal Reserve's interest rates. Corporate
updates from some of the index heavy weight stocks also added volatility in
the markets.
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26 June 2024
Derivative Statistics- Nifty Options
Disclaimer:
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Debt Watch
Currency Market
Commodity Prices
Indian Debt Market
Currency Market Update
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material.
• Nifty Jun 2024 Futures stood at 23,731.25, a premium of 9.95 points above
the spot closing of 23,721.30. The turnover on NSE’s Futures and Options
segment fell to Rs.6,584.52 crore on June 25, 2024, compared with
Rs.6,22,716.99 crore on June 24, 2024.
• The Put-Call ratio stood at 0.87 compared with the previous session’s close
of 0.88.
• The Nifty Put-Call ratio stood at 1.38 compared with the previous session’s
close of 1.14.
• Open interest on Nifty Futures stood at 16.44 million, compared with the
previous session’s close of 15.59 million.
• Bond yields rose ahead of the inclusion of domestic bonds to JPMorgan's
emerging market debt index.
• Yield on the 10-year benchmark paper (7.10% GS 2034) rose by 2 bps to close
at 6.99% as compared to the previous close of 6.97%.
• Reserve Bank of India conducted the auction of government securities for
nine states for a notified amount of Rs. 17,071 crore for which full amount
was accepted. The cut off yield ranged from 7.27% to 7.36%. The lowest
yield was witnessed in case of Tamil Nadu and the highest yield was
witnessed in case of Mizoram.
• According to media reports, Tata Power Renewable Energy Ltd., a subsidiary
of Tata Power Company Ltd., has accepted bids aggregating to Rs. 700 crore
for bonds maturing in 5 years and 10 years at coupon of 7.93% each.
• The Indian rupee in the spot trade rose against the U.S. dollar on
expectations of an increase in foreign investments in domestic debt that will
be added to a global index later this week.
• Euro remained steady against the U.S. dollar ahead of U.S. inflation data.
• Gold prices fell ahead of the release of key U.S. inflation data later in the
week.
• Brent crude oil prices (spot) edged up on concerns over the potential fallout
from rising geopolitical tensions from Yemen to Russia.
• According to the reports, Japan’s producer prices were down 0.1% in May
2024. On a yearly basis, producer prices were up 2.5%, easing from 2.7% in
the previous month.
• According to the Cabinet Office, Japan’s leading index, which measures
future economic activity, dropped to 110.9 in Apr 2024 from 111.7 in the
previous month. In the initial estimate, the score was 111.6.
Markets for You