Global Indices
Global Indices 08-May Prev_Day Abs. Change
% Change
Russell 3000 2,647 2,652 -5 -0.19
Nasdaq 16,303 16,333 -30 -0.18
FTSE 8,354 8,314 40 0.49
Nikkei 38,202 38,835 -633 -1.63
Hang Seng 18,314 18,479 -166 -0.90
Indian Indices 08-May Prev_Day Abs. Change
% Change
S&P BSE Sensex 73,466 73,512 -45 -0.06
Nifty 50 22,303 22,303 0 0.00
Nifty 100 23,166 23,104 62 0.27
Nifty 500 20,705 20,636 69 0.33
Nifty Bank 48,021 48,285 -264 -0.55
S&P BSE Power 7,172 7,062 110 1.55
S&P BSE Small Cap 46,149 45,921 228 0.50
S&P BSE HC 35,062 35,073 -11 -0.03
Date P/E Div. Yield P/E Div. Yield
8-May 23.53 1.21 21.61 1.19
Month Ago 25.54 1.10 23.23 1.18
Year Ago 23.88 1.27 21.77 1.37
Nifty 50 Top 3 Gainers
Company 08-May Prev_Day
% Change
Hero Moto 4614 4477 3.06
BPCL 620 604 2.65
Tata Motors 1012 989 2.38
Nifty 50 Top 3 Losers Domestic News
Company 08-May Prev_Day
% Change
Dr.Reddy 6056 6258 -3.22
Asian Paints 2843 2913 -2.39
Grasim Indus 2377 2421 -1.80
Advance Decline Ratio
BSE NSE
Advances 2053 1431
Declines 1750 1118
Unchanged 123 91
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -2854
MF Flows** 117903
*8
th
May 2024; **6
th
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.
09 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
927
-2943
5.69%
(Dec-23)
• Indian equity markets closed the day flat as the key benchmark indices
witnessed a volatile trading session due to the election-related uncertainty
and lower voter turnout. Additionally, profit booking at higher levels kept
the indices from reaching new highs.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 0.06% and 0% to
close at 73,466.39 and 22,302.50 respectively.
• The overall market breadth on BSE was strong with 2,053 scrips advancing
and 1,750 scrips declining. A total of 123 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Capital Goods was the major gainer, up
2.13% followed by S&P BSE Industrials, up 1.79% and S&P BSE Oil & Gas, up
1.79%. S&P BSE IT was the major loser, down 0.57% followed by S&P BSE
Financial Services, down 0.4% and S&P BSE Bankex, down 0.38%.
• According to the oil ministry data, India's exports of diesel and petrol fell
by a fifth YoY to $33 billion in FY24 as international prices declined.
However, the combined export volumes of petrol and diesel changed little
in a year at 41.6 million metric tonnes in the same fiscal.
• The corporate affairs ministry is considering a quicker way to transfer
shares, dividends, and matured debentures in inactive accounts that
haven't been claimed in more than seven years. After following the correct
procedures and receiving Investor Education and Protection Fund
Authority’s approval, the ministry intends to permit companies to settle
claims. The authority will transfer unclaimed papers to companies for
refunds within 15 days.
• According to the latest National Account Statistics 2024 of the Ministry of
Statistics and Programme Implementation, net household savings declined
sharply by Rs. 9 lakh crore to Rs. 14.16 lakh crore in three years to 2022-23.
The net household savings peaked at Rs. 23.29 lakh crore in 2020-21.
• Godrej Properties, a real estate company, reported record sales and client
cash collections in the most recent quarter, which allowed it to cut its net
debt by 10% to approximately Rs 6,200 crore.
• Bharat Forge Ltd, a major manufacturer of auto components, announced a
77.8% increase in consolidated net profit to Rs 227.12 crore for the fourth
quarter that ended on Mar 31, 2024, riding on higher sales. At the same
time of the previous fiscal year, the company reported a profit of Rs
127.74 crore.
• Asian markets fell as the Israel-Hamas ceasefire agreement faced
uncertainty. The Chinese market fell on profit-taking after rallying to over
six-month highs on hope for future stimulus measures to boost the
nation's faltering real estate sector and optimism about better economic
conditions. Today (as on May 09), Asian markets opened mixed ahead of
China’s Apr 2024 trade data, as well as pay data from Japan. Both Nikkei
and Hang Seng rose by 0.22% and 0.88% (as at 8 a.m. IST).
• European equity markets rose following recent increases in anticipation of
central banks cutting interest rates in the second or third quarter of this
year as Sweden's central bank lowered interest rates for the first time in
eight years on 8th May 2024. A somewhat positive set of corporate
earnings reports further supported the mood.
• U.S. equity markets fell amid persistent uncertainty about the direction of
interest rates following Tuesday's remarks by the Federal Reserve
President. Additionally, investors might have been hesitant to make
significant moves amid another relatively quiet day on the U.S. economic
front.
Markets for You
FII Derivative Trade Statistics
08-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 3736.37 5508.61 24875.69
Index Options 2755971.62 2757123.24 421347.30
Stock Futures 28929.26 29066.55 273409.30
Stock Options 37980.40 37292.98 32978.96
Total 2826617.65 2828991.38 752611.25
08-May Prev_Day
Change
Put Call Ratio (OI) 1.14 1.06 0.08
Put Call Ratio(Vol) 1.11 0.95 0.17
08-May Wk. Ago Mth. Ago
Year Ago
Call Rate 6.61% 6.67% 6.49% 6.75%
T-Repo 6.65% 6.63% 6.48% 6.76%
Repo 6.50% 6.50% 6.50% 6.50%
Reverse Repo 3.35% 3.35% 3.35% 3.35%
91 Day T-Bill 6.82% 6.94% 6.81% 6.84%
364 Day T-Bill 7.08% 7.06% 7.01% 6.98%
10 Year Gilt 7.13% 7.19% 7.15% 7.05%
G-Sec Vol. (Rs.Cr) 48248 38371 33278 36663
FBIL MIBOR 6.68% 6.75% 6.56% 6.85%
3 Month CP Rate 7.32% 7.34% 7.35% 7.18%
5 Year Corp Bond 7.70% 7.77% 7.71% 7.42%
1 Month CD Rate 7.15% 7.13% 7.02% 6.94%
3 Month CD Rate 7.29% 7.28% 7.44% 7.18%
1 Year CD Rate 7.48% 7.54% 7.40% 7.48%
Currency 08-May Prev_Day
Change
USD/INR 83.51 83.50 0.01
GBP/INR 104.32 104.72 -0.40
EURO/INR 89.75 89.83 -0.07
JPY/INR 0.54 0.54 0.00
Commodity 08-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 80.37 80.50 87.04 73.08
Brent Crude($/bl) 83.58 84.70 92.42 78.97
Gold( $/oz) 2309 2318 2339 2021
Gold(Rs./10 gm) 71389 71777 71011 60951
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
09 May 2024
Derivative Statistics- Nifty Options
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• Nifty May 2024 Futures stood at 22,393.85, a premium of 91.35 points
above the spot closing of 22,302.50. The turnover on NSE’s Futures and
Options segment fell to Rs.8,514.79 crore on May 08, 2024, compared with
Rs. 4,61,689.45 crore on May 07, 2024.
• The Put-Call ratio stood at 0.85 compared with the previous session’s close
of 1.
• The Nifty Put-Call ratio stood at 0.77 compared with the previous session’s
close of 0.78.
• Open interest on Nifty Futures stood at 12.7 million, compared with the
previous session’s close of 12.2 million.
• Bond yields remained almost steady due to lack of any strong directional
cues.
• Yield on the 10-year benchmark paper (7.18% GS 2033) was unchanged to
close at 7.13% as compared to the previous day’s close.
• Data from Reserve Bank of India showed that reserve money grew 5.5% on
a yearly basis for the week ended May 3, 2024 compared to an increase of
9.8% in the same period of the previous year. The currency in circulation
grew 2.7% on a yearly basis for the week ended May 3, 2024 compared to an
increase of 7.5% in the same period of the previous year.
• RBI conducted the auction of overnight Variable Rate Repo for the notified
amount of Rs. 25,000 crore for which amount of Rs. 25,005 crore was
accepted and the cut-off yield stood at 6.60%.
• The Indian rupee in the spot trade fell slightly against the U.S. dollar due to
weakness in other Asian peers.
• Euro fell against the U.S. dollar after the European Central Bank signaled its
intention to cut rates in Jun 2024.
• Gold prices fell as market participants lowered their predictions for this
year's rate reduction in the U.S.
• Brent crude oil prices (spot) fell slightly despite data revealing that U.S. U.S.
crude inventories fell in the week ended 3rd May 2024.
• According to Destatis, Germany’s industrial production declined 0.4% on a
monthly basis in Mar 2024, in contrast to the 1.7% increase in Feb 2024. This
was the first drop so far this year and the pace of decline was less severe
than the expected 0.6% fall.
• According to the Society of Motor Manufacturers & Traders, U.K. new car
registrations grew by 1.0% to reach 134,274 units in Apr 2024. However, the
uptake was still 16.6% below the pre-pandemic level.
• According to the Commerce Department, U.S. wholesale inventories fell by
0.4% in Mar 2024 after rising by 0.2% in Feb 2024. The decrease in
wholesale inventories matched economists' estimates.
Markets for You
