Global Indices
Global Indices 14-May Prev_Day Abs. Change
% Change
Russell 3000 2,676 2,659 17 0.64
Nasdaq 16,511 16,388 123 0.75
FTSE 8,428 8,415 13 0.16
Nikkei 38,356 38,179 177 0.46
Hang Seng 19,074 19,115 -41 -0.22
Indian Indices 14-May Prev_Day Abs. Change
% Change
S&P BSE Sensex 73,105 72,776 328 0.45
Nifty 50 22,218 22,104 114 0.51
Nifty 100 23,118 22,956 162 0.71
Nifty 500 20,684 20,511 173 0.84
Nifty Bank 47,859 47,754 105 0.22
S&P BSE Power 7,345 7,165 180 2.51
S&P BSE Small Cap 46,102 45,293 809 1.79
S&P BSE HC 35,066 35,094 -28 -0.08
Date P/E Div. Yield P/E Div. Yield
14-May 23.32 1.26 21.19 1.35
Month Ago 25.37 1.11 23.08 1.19
Year Ago 23.90 1.27 21.82 1.28
Nifty 50 Top 3 Gainers
Company 14-May Prev_Day
% Change
M&M 2270 2184 3.92
Hero Moto 5043 4886 3.23
L&T Ltd. 3379 3294 2.60
Nifty 50 Top 3 Losers Domestic News
Company 14-May Prev_Day
% Change
United Phos 510 534 -4.50
Cipla 1357 1415 -4.05
TCS 3901 3948 -1.18
Advance Decline Ratio
BSE NSE
Advances 2665 1917
Declines 1145 638
Unchanged 113 69
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -20545
MF Flows** 131377
*14
th
May 2024; **10
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
8.40%
(Dec-23)
4.30%
(Dec-22)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
15 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
4.40%
(Dec-23)
8.10%
(Sep-23)
Quarter Ago
Inflow/Outflow
2315
-4393
5.10%
(Jan-24)
Indian equity markets rose following an ease in domestic retail inflation
data, which fell to 11-month low of 4.83% on an annual basis in Apr 2024.
However, the upside was restricted due to uncertainty surrounding the
general election outcome and mixed cues from global markets ahead of
key U.S. inflation print.
Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.45% and
0.51% to close at 73,104.61 and 22,217.85 respectively.
The overall market breadth on BSE was strong with 2,665 scrips advancing
and 1,145 scrips declining. A total of 113 scrips remained unchanged.
On the BSE sectoral front, S&P BSE Utilities was the major gainer, up 2.8%
followed by S&P BSE Power, up 2.51% and S&P BSE Industrials, up 2.4%.
S&P BSE FMCG was the major loser, down 0.36% followed by S&P BSE
Healthcare, down 0.08%.
India’s wholesale price index (WPI) based inflation accelerated by 1.26%
YoY in Apr 2024 as compared to 0.53% in Mar 2024. Positive rate of
inflation in April, 2024 is primarily due to increase in prices of food articles,
electricity, crude petroleum & natural gas, manufacture of food products,
other manufacturing products.
According to the labour ministry statement, Employees' Provident Fund
Organisation has expanded the scope of auto claim settlement facility
under para 68K and 68B of EPF Scheme, 1952 to housing, marriage and
education purposes. In addition, the limit for auto claim settlement has also
been doubled to Rs. 1,00,000 from the current limit of Rs. 50,000.
According to the report published by Global Trade Research Initiative,
imports from the free trade agreement (FTA) partners saw a nearly 38%
increase, totalling $187.92 billion in FY24 which was faster when compared
to the 31.4% jump to $675.45 billion in the country’s overall imports.
Exports to FTA nations increased by 14.48% to $122.72 billion, while total
exports saw a 32% growth at $437 billion in the same period.
Devyani International Ltd., the operator of quick service restaurants,
announced that its fourth quarter ended Mar 31, 2024, had a consolidated
net loss of Rs 48.95 crore. The company attributed this loss to forex
translation losses stemming from the devaluation of the Nigerian naira. In
the fourth quarter of the previous fiscal year, the company reported a
combined net profit of Rs 59.88 crore.
The biggest multiplex operator in India, PVR Inox, revealed a larger-than-
expected fourth-quarter loss, citing lower demand for Bollywood films. The
company reported a consolidated net loss of Rs 130 crore ($15.6 million)
for the Mar quarter of 2024, missing analysts' estimate of a loss of Rs 83.59
crore.
Asian equity markets closed on a mixed note as caution was shown in front
of the publication of U.S. inflation data that could affect the outlook for
interest rates. The Japanese market rose, led by gains in the banking and
mining sectors. Today (as on May 15), Asian markets opened higher,
tracking Wall Street gains overnight. Nikkei rose by 0.36% and Hang Seng
rose closed due to a public holiday (as at 8 a.m. IST).
European equity markets rose as investors responded to the most recent
set of economic data from the U.S. and Europe and remained generally
upbeat about interest rate cuts by many central banks.
U.S. equity markets mostly rose following an early increase, treasury yields
went lower, with the yield on the benchmark ten-year note hitting its
lowest closing level in more than a month. After the Labor Department
released a report indicating that U.S. producer prices rose more than
anticipated in Apr 2024, Treasury rates initially climbed.
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