Global Indices
Global Indices 09-May Prev_Day Abs. Change
% Change
Russell 3000 2,656 2,647 8 0.32
Nasdaq 16,346 16,303 44 0.27
FTSE 8,381 8,354 27 0.33
Nikkei 38,074 38,202 -128 -0.34
Hang Seng 18,538 18,314 224 1.22
Indian Indices 09-May Prev_Day Abs. Change
% Change
S&P BSE Sensex 72,404 73,466 -1,062 -1.45
Nifty 50 21,958 22,303 -345 -1.55
Nifty 100 22,790 23,166 -376 -1.62
Nifty 500 20,345 20,705 -360 -1.74
Nifty Bank 47,488 48,021 -533 -1.11
S&P BSE Power 6,995 7,172 -176 -2.46
S&P BSE Small Cap 45,038 46,149 -1,111 -2.41
S&P BSE HC 34,391 35,062 -671 -1.91
Date P/E Div. Yield P/E Div. Yield
9-May 23.19 1.23 21.26 1.21
Month Ago 25.55 1.10 23.20 1.19
Year Ago 23.80 1.27 23.80 1.27
Nifty 50 Top 3 Gainers
Company 09-May Prev_Day
% Change
Hero Moto 4765 4614 3.27
Tata Motors 1030 1012 1.80
M&M 2213 2182 1.38
Nifty 50 Top 3 Losers Domestic News
Company 09-May Prev_Day
% Change
L&T Ltd. 3275 3487 -6.06
Asian Paints 2710 2843 -4.68
BPCL 592 620 -4.54
Advance Decline Ratio
BSE NSE
Advances 843 413
Declines 2998 2156
Unchanged 102 72
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -8190
MF Flows** 117903
*9
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.
10 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
-5337
5.69%
(Dec-23)
• Indian equity markets witnessed a sharp fall on concern over the
unpredictability surrounding the outcome of the ongoing general election.
The key benchmark indices plummeted due to sell-offs across the sectors
due to election-related uncertainty along with subdued earnings results in
Q4 FY24 from the corporates. Sentiments were further affected by
concerns over delays in Fed rate cuts.
• Key benchmark indices S&P BSE Sensex and Nifty 50 lost 1.45% and 1.55%
to close at 72,404.17 and 21,957.50 respectively.
• The overall market breadth on BSE was weak with 843 scrips advancing
and 2,998 scrips declining. A total of 102 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Auto was the only gainer, up 0.57%.
S&P BSE Oil & Gas was the major loser, down 3.41% followed by S&P BSE
Capital Goods, down 3.37% and S&P BSE Energy, down 3.23%.
• According to the Ministry of Commerce, the merchandise exports slightly
declined by 3% to USD 437.1 billion in FY24 compared to FY23, while
services exports rose to USD 341.1 billion against $325.3 in the same
period. Overall exports reached $778.2 billion in FY24 as compared to
$776.4 billion in FY23, registering a marginal growth of 0.23%.
• According to media report, the Centre has begun moving towards
excluding farm fire burners from Minimum Support Price benefits this year
on, citing the 2023 Supreme Court recommendation on bringing in
disincentives for stubble burning.
• According to media report, a high-level expert panel on floor wages in
India will review the wage rates that were previously decided upon, taking
into account the minimum wages that are announced by each state in
three different categories. The committee will hold its final meeting on
May 27, 2024 and submit its report to the new government by Jun 2024.
• The manufacturer of appliances, Orient Electric, revealed a 48% decline in
its profit for the fourth quarter of 2024 as increased costs overshadowed
demand. In order to attract customers who are impacted by rising prices,
consumer goods manufacturers have turned to offering discounts due to
inflation, which has an effect on their profit margins.
• State Bank of India (SBI) said that its net profit for the fourth quarter of
the fiscal year 2023–24 (Q4 FY24) climbed by 24% YoY, helped by an
increase in loan loss provisions and other income. Net interest income
growth at the country’s largest lender was 3.13%, reaching Rs 41,655
crore. Other income grew 24.4% to Rs 13,369 crore. Treasury gains
increased by 92.36% to Rs 3,463 crore.
• Asian equity markets closed on a mixed note as the markets in China and
Hong Kong rose as a result of positive trade data. There was a cautious
undertone as the uncertainty about the Fed rate cuts grew and fighting
and bombardment persisted around the southern Gaza City of Rafah.
Today (as on May 10), Asian markets opened higher tracking moves on Wall
Street. Both Nikkei and Hang Seng rose by 0.61% and 0.69% (as at 8 a.m.
IST).
• European equity markets rose with most of the major markets continuing
their current gains in the face of growing confidence over multiple central
banks cutting interest rates. Geopolitical issues dampened optimism
somewhat and restricted market upside.
• U.S. equity markets rose after the Labor Department released data
revealing a considerably larger than anticipated rise in first claims for U.S.
unemployment benefits in the week ending May 4, 2024. The information
might have strengthened the recently revived hope that interest rates will
be lowered by the U.S. Federal Reserve in the upcoming months.
Markets for You
FII Derivative Trade Statistics
09-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 4053.29 5945.74 25003.52
Index Options 4252575.21 4264369.12 334102.97
Stock Futures 29943.48 29840.76 273723.77
Stock Options 34530.80 35025.50 34234.13
Total 4321102.78 4335181.12 667064.39
09-May Prev_Day
Change
Put Call Ratio (OI) 0.71 1.14 -0.44
Put Call Ratio(Vol) 0.95 1.11 -0.17
09-May Wk. Ago Mth. Ago
Year Ago
Call Rate 6.71% 6.53% 6.49% 6.80%
T-Repo 6.69% 6.41% 6.48% 6.77%
Repo 6.50% 6.50% 6.50% 6.50%
Reverse Repo 3.35% 3.35% 3.35% 3.35%
91 Day T-Bill 7.00% 7.01% 6.81% 6.84%
364 Day T-Bill 7.06% 7.03% 7.01% 7.01%
10 Year Gilt 7.13% 7.16% 7.15% 7.04%
G-Sec Vol. (Rs.Cr) 50229 52988 33278 43839
FBIL MIBOR 6.78% 6.63% 6.56% 6.90%
3 Month CP Rate 7.37% 7.31% 7.35% 7.18%
5 Year Corp Bond 7.69% 7.73% 7.71% 7.40%
1 Month CD Rate 7.18% 7.09% 7.02% 7.00%
3 Month CD Rate 7.30% 7.24% 7.44% 7.12%
1 Year CD Rate 7.50% 7.49% 7.40% 7.43%
Currency 09-May Prev_Day
Change
USD/INR 83.50 83.51 -0.02
GBP/INR 104.21 104.32 -0.11
EURO/INR 89.67 89.75 -0.09
JPY/INR 0.54 0.54 0.00
Commodity 09-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 80.66 80.39 85.84 73.63
Brent Crude($/bl) 84.42 85.91 92.82 76.93
Gold( $/oz) 2346 2303 2353 2034
Gold(Rs./10 gm) 71216 70997 71607 61253
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
10 May 2024
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Indian Debt Market
Currency Market Update
Commodity Market Update
International News
The information herein is meant only for general reading purposes and contains all factual and statistical information pertaining to Industry and markets which have been obtained from independent third party sources
and which are deemed to be reliable. The information provided cannot be considered as guidelines, recommendations or as a professional guide for the readers. It may be noted that since Nippon Life India Asset
Management Limited (NAM India) has not independently verified the accuracy or authenticity of such information or data, or for that matter the reasonableness of the assumptions upon which such data and
information has been processed or arrive data; NAM India does not in any manner assures the accuracy or authenticity of such data and information. Some of the statements & assertions contained in these materials
may reflect NAM India’s views or opinions, which in turn may have been formed on the basis of such data or information. The Sponsor(s), the Investment Manager, the Trustee or any of their respective directors,
employees, associates or representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such data or information. Whilst no action has been solicited based upon
the information provided herein, due care has been taken to ensure that the facts are accurate and opinions given are fair and reasonable, to the extent possible. This information is not intended to be an offer or
solicitation for the purchase or sale of any financial product or instrument. Recipients of this information should rely on information/data arising out of their own investigations. Before making any investments, the
readers are advised to seek independent professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor(s), the Investment Manager, the Trustee, their respective
directors, employees, associates or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the
information contained in this material.
• Nifty May 2024 Futures stood at 22,075.80, a premium of 118.30 points
above the spot closing of 21,957.50. The turnover on NSE’s Futures and
Options segment fell to Rs.9,289.74 crore on May 09, 2024, compared with
Rs. 4,18,979.26 crore on May 08, 2024.
• The Put-Call ratio stood at 0.95 compared with the previous session’s close
of 0.85.
• The Nifty Put-Call ratio stood at 0.71 compared with the previous session’s
close of 0.77.
• Open interest on Nifty Futures stood at 15.12 million, compared with the
previous session’s close of 12.7 million.
• Bond yields remained steady in the absence of fresh triggers while market
participants awaited for the weekly debt auction to determine demand.
• 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.
• RBI conducted the auction of overnight Variable Rate Repo for the notified
amount of Rs. 50,000 crore for which amount of Rs. 50,003 crore was
accepted and the cut-off yield stood at 6.61%.
• The Indian rupee in the spot trade edged up marginally against the U.S.
dollar despite greenback demand and negative trends in the domestic
equity market.
• Euro rose against the U.S. dollar following economic data that continued to
indicate a deterioration of the U.S. labor market.
• Gold prices rose following data showing a considerably larger than
anticipated increase in U.S. unemployment claims in the week ending May
4th, 2024.
• Brent crude oil prices (spot) rose on optimism about the demand forecast
following data that revealed a rise in imports from China and recent data
that revealed a larger than anticipated decline in U.S. oil stockpiles last
week.
• According to the customs office, China’s exports advanced 1.5% on a yearly
basis in Apr 2024. This was faster than the 1.0% expected growth and
reversed Mar's 7.5% decrease.
• The Bank of England left its key policy rate unchanged for the sixth
consecutive meeting and signaled that the first-rate cut since 2020 is on the
horizon. The Monetary Policy Committee decided to hold the Bank Rate at
5.25% again in a split vote. The current bank rate is the highest since early
2008.
• According to the Labor Department, U.S. jobless claims climbed to 231,000
in the week ended May 4th 2024, an increase of 22,000 from the previous
week's revised level of 209,000.
Markets for You
