Global Indices
Global Indices 07-May Prev_Day Abs. Change
% Change
Russell 3000 2,652 2,652 1 0.03
Nasdaq 16,333 16,349 -17 -0.10
FTSE 8,314 8,213 100 1.22
Nikkei 38,835 38,236 599 1.57
Hang Seng 18,479 18,578 -99 -0.53
Indian Indices 07-May Prev_Day Abs. Change
% Change
S&P BSE Sensex 73,512 73,896 -384 -0.52
Nifty 50 22,303 22,443 -140 -0.62
Nifty 100 23,104 23,298 -194 -0.83
Nifty 500 20,636 20,865 -229 -1.10
Nifty Bank 48,285 48,895 -610 -1.25
S&P BSE Power 7,062 7,225 -164 -2.26
S&P BSE Small Cap 45,921 46,693 -772 -1.65
S&P BSE HC 35,073 35,751 -679 -1.90
Date P/E Div. Yield P/E Div. Yield
7-May 23.52 1.21 21.61 1.19
Month Ago 25.44 1.10 23.07 1.19
Year Ago 23.33 1.27 21.62 1.38
Nifty 50 Top 3 Gainers
Company 07-May Prev_Day
% Change
HUL 2379 2256 5.46
Tech Mahindra 1292 1262 2.39
Britannia Industries Limited 5174 5062 2.22
Nifty 50 Top 3 Losers Domestic News
Company 07-May Prev_Day
% Change
Bajaj Auto 8678 9053 -4.14
Power Grid 295 307 -3.78
Indian Oil 160 166 -3.76
Advance Decline Ratio
BSE NSE
Advances 1034 597
Declines 2794 1995
Unchanged 2794 69
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 89
MF Flows** 116976
*7
th
May 2024; **3
rd
May 2024
Economic Indicator
YoY(%) Current Year Ago
CPI
4.85%
(Mar-24)
5.66%
(Mar-23)
IIP
5.70%
(Feb-24)
6.00%
(Feb-23)
GDP
8.40%
(Dec-23)
4.30%
(Dec-22)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
08 May 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
2.50%
(Nov-23)
8.10%
(Sep-23)
Quarter Ago
Inflow/Outflow
395
-1151
5.69%
(Dec-23)
• Indian equity markets continued its losing streak for the third consecutive
day despite having positive global cues. After opening in positive territory,
the key benchmark indices slid lower due to a sell-off across the sectors as
sentiments were weighed following hawkish comments from a couple of
Federal Reserve officials on the rate outlook. Sentiment has been further
muted by Israel's plans to proceed with military operations in the southern
city of Rafah, despite the ongoing ceasefire talks.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.52% and 0.62%
to close at 73,511.85 and 22,302.50 respectively.
• The overall market breadth on BSE was weak with 1,034 scrips advancing
and 2,794 scrips declining. A total of 104 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE FMCG was the major gainer, up 1.8%
followed by S&P BSE IT, up 0.55% and S&P BSE Teck, up 0.44%. S&P BSE
Realty was the major loser, down 3.41% followed by S&P BSE Utilities,
down 2.85% and S&P BSE Power, down 2.26%.
• According to the Petroleum Planning and Analysis Cell of the oil ministry,
India's fuel consumption rose by 6.1% YoY in Apr 2024 to 19.86 million
metric tons. Sales of diesel & gasoline rose by 1.4% & 14% annually to 7.93
million tons & 3.28 million tons in the same period, respectively.
• According to notification published by Directorate General of Foreign
Trade, the central government has permitted exports of 14,000 tonne of
non-basmati white rice to Mauritius through National Cooperative Exports
Limited.
• The RBI is striving to increase the acceptance of the Central Bank Digital
Currency (CBDC) for retail transactions, although the number of
transactions using the CBDC has reached one million per day. In addition to
introducing programmability features and encouraging financial inclusion,
the RBI is concentrating on making the digital currency transferable
offline.
• Hindustan Media Ventures Ltd. recorded an 11% decrease in consolidated
profit after tax at Rs 10.74 crore for the fourth quarter ended Mar 31,
2024. The previous fiscal year's same quarter saw the company report a
profit after tax (PAT) of Rs 12.08 crore.
• The American chipmaker Intel and the US-based cybersecurity firm McAfee
have partnered to improve the AI-powered deepfake detection
technology. The McAfee Deepfake Detector, according to the company,
uses AI algorithms to detect synthetic content by utilizing the improved
neural processing unit (NPU) of Intel Core Ultra CPUs.
• Asian equity markets closed on a mixed note. The market rose amid
anticipations that interest rate reductions by the U.S. Federal Reserve will
begin later this year. The Japanese market rose as trading resumed after a
holiday. The Japanese market rose as the Japanese yen declined despite
warnings from authorities that they would act in the event of volatility.
Today (as on May 08), Asian markets opened mixed, mirroring moves in
Wall Street’s Tuesday session. Nikkei fell by 1.00% and Hang Seng rose
by 0.17% (as at 8 a.m. IST).
• European equity markets rose following good earnings reports, positive
economic indicators, and hope for interest rate reductions by a few
significant central banks in the year's second quarter. Meanwhile, investors
looked for more hints regarding the potential timing of a rate cut by the
U.S. Federal Reserve.
• U.S. equity markets rose slightly as fresh hope over interest rate prospects
helped equities continue to rise. The U.S. Federal Reserve Chair’s
somewhat dovish remarks, along with Apr's 2024 job growth that was less
robust than anticipated, have largely eliminated short-lived concerns the
U.S. Fed might actually consider raising rates.
Markets for You
FII Derivative Trade Statistics
07-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 3530.30 2994.57 24681.07
Index Options 1804386.83 1835572.04 362504.46
Stock Futures 33109.21 32942.11 274398.52
Stock Options 38946.91 37291.93 29708.42
Total 1879973.25 1908800.65 691292.47
07-May Prev_Day
Change
Put Call Ratio (OI) 1.14 1.06 0.08
Put Call Ratio(Vol) 1.11 0.95 0.17
07-May Wk. Ago Mth. Ago
Year Ago
Call Rate 6.54% 6.67% 6.50% 6.79%
T-Repo 6.50% 6.63% 6.47% 6.74%
Repo 6.50% 6.50% 6.50% 6.50%
Reverse Repo 3.35% 3.35% 3.35% 3.35%
91 Day T-Bill 6.93% 6.94% 6.82% 6.87%
364 Day T-Bill 7.04% 7.06% 7.00% 6.99%
10 Year Gilt 7.13% 7.19% 7.12% 7.01%
G-Sec Vol. (Rs.Cr) 57649 38371 62091 83679
FBIL MIBOR 6.59% 6.75% 6.56% 6.88%
3 Month CP Rate 7.30% 7.34% 7.40% 7.20%
5 Year Corp Bond 7.69% 7.77% 7.68% 7.39%
1 Month CD Rate 7.07% 7.13% 7.02% 7.03%
3 Month CD Rate 7.31% 7.28% 7.51% 7.14%
1 Year CD Rate 7.45% 7.54% 7.40% 7.46%
Currency 07-May Prev_Day
Change
USD/INR 83.50 83.47 0.03
GBP/INR 104.72 104.78 -0.06
EURO/INR 89.83 89.83 0.00
JPY/INR 0.54 0.54 0.00
Commodity 07-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 79.77 83.29 87.49 71.27
Brent Crude($/bl) 83.79 89.37 93.12 77.02
Gold( $/oz) 2314 2286 2330 2017
Gold(Rs./10 gm) 71525 71777 69720 61223
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
08 May 2024
Derivative Statistics- Nifty Options
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• Nifty May 2024 Futures stood at 22,381.80, a premium of 79.30 points
above the spot closing of 22,302.50. The turnover on NSE’s Futures and
Options segment fell to Rs.9,317.07 crore on May 07, 2024, compared with
Rs. 4,76,019.67 crore on May 06, 2024.
• The Put-Call ratio stood at 1 compared with the previous session’s close of
1.04.
• The Nifty Put-Call ratio stood at 0.78 compared with the previous session’s
close of 0.85.
• Open interest on Nifty Futures stood at 12.2 million, compared with the
previous session’s close of 12.38 million.
• Bond yields rose as market participants preferred to book profits following
the recent rise in prices of securities.
• Yield on the 10-year benchmark paper (7.18% GS 2033) rose by 2 bps to
close at 7.13% as compared to the previous close of 7.11%.
• Reserve Bank of India conducted the auction of government securities for
six states for a notified amount of Rs. 9,900 crore for which full amount was
accepted. The cut off yield ranged from 7.42% to 7.49%. The lowest yield
was witnessed in case of Andhra Pradesh & Telangana and the highest yield
was witnessed in case of Punjab.
• According to media report, Rural Electrification Corporation Ltd. planned to
raise up to Rs. 3,000 crore through a reissue of 6.90% Mar 2031 bonds.
• The Indian rupee in the spot trade fell against the U.S. dollar due to negative
trends in the domestic equity market.
• Euro fell against the U.S. dollar despite hope of interest rate reductions by
the U.S. Federal Reserve.
• Gold prices fell despite optimism about the U.S. Federal Reserve interest
rate cuts.
• Brent crude oil prices (spot) fell as investors were waiting for the weekly
petroleum inventory report and closely monitoring geopolitical
developments.
• According to Destatis, Germany’s exports gained 0.9% on a monthly basis,
reversing a 1.6% fall in Feb 2024. Shipments were forecast to climb 0.4%.
• According to a report, U.K. house prices posted a monthly increase of 0.1%
in Apr 2024, which was weaker than the expected 0.2% growth. However,
this was in contrast to the 0.9% fall in Mar 2024.
• According to Destatis, Germany’s factory orders decreased 0.4% on a
monthly basis in Mar 2024 due to decrease in domestic demand,
confounding expectations for an increase of 0.4%.
Markets for You
