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.
Markets for You
FII Derivative Trade Statistics
14-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 4926.05 5877.53 33889.44
Index Options 2090036.07 2093097.80 346536.53
Stock Futures 29562.69 29266.56 272121.49
Stock Options 40039.49 40109.86 36685.50
Total 2164564.30 2168351.75 689232.96
14-May Prev_Day
Change
Put Call Ratio (OI) 0.91 0.71 0.21
Put Call Ratio(Vol) 0.95 0.95 0.00
14-May Wk. Ago Mth. Ago
Year Ago
Call Rate 6.70% 6.54% 6.56% 6.77%
T-Repo 6.52% 6.50% 6.52% 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 6.98% 6.93% 6.82% 6.86%
364 Day T-Bill 7.02% 7.04% 7.03% 7.01%
10 Year Gilt 7.11% 7.13% 7.17% 6.99%
G-Sec Vol. (Rs.Cr) 51382 57649 53961 70644
FBIL MIBOR 6.81% 6.59% 6.69% 6.89%
3 Month CP Rate 7.30% 7.30% 7.20% 7.20%
5 Year Corp Bond 7.68% 7.69% 7.76% 7.38%
1 Month CD Rate 7.17% 7.07% 6.85% 7.05%
3 Month CD Rate 7.32% 7.31% 7.36% 7.12%
1 Year CD Rate 7.48% 7.45% 7.40% 7.45%
Currency 14-May Prev_Day
Change
USD/INR 83.52 83.52 0.00
GBP/INR 104.88 104.64 0.23
EURO/INR 90.08 89.98 0.10
JPY/INR 0.53 0.54 0.00
Commodity 14-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 79.42 79.77 86.26 69.97
Brent Crude($/bl) 82.10 83.79 94.11 76.48
Gold( $/oz) 2358 2314 2343 2011
Gold(Rs./10 gm) 72129 71525 72931 60750
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
15 May 2024
Derivative Statistics- Nifty Options
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material.
• Nifty May 2024 Futures stood at 22,308.70, a premium of 90.85 points
above the spot closing of 22,217.85. The turnover on NSE’s Futures and
Options segment fell to Rs.7,582.05 crore on May 14, 2024, compared with
Rs. 4,59,379.65 crore on May 13, 2024.
• The Put-Call ratio remained unchanged compared with the previous
session’s close of 0.89.
• The Nifty Put-Call ratio stood at 1.02 compared with the previous session’s
close of 0.97.
• Open interest on Nifty Futures stood at 15.17 million, compared with the
previous session’s close of 15.41 million.
• Bond yields fell slightly as market participants awaited the U.S. inflation data
of Apr 2024.
• Yield on the 10-year benchmark paper (7.18% GS 2033) fell by 1 bps to close
at 7.11% as compared to the previous close of 7.12%.
• RBI conducted the auction of 3-day Variable Rate Repo for the notified
amount of Rs. 50,000 crore for which amount of Rs. 50,002 crore was
accepted and the cut-off yield stood at 6.62%.
• Reserve Bank of India conducted the auction of government securities for
four states for a notified amount of Rs. 6,500 crore for which full amount
was accepted. The cut off yield ranged from 7.41% to 7.47%. The lowest
yield was witnessed in case of Andhra Pradesh (23 year paper) & Jammu &
Kashmir and the highest yield was witnessed in case of Telangana.
• The Indian rupee in the spot trade edged up against the U.S. dollar following
greenback sales from state-run banks.
• Euro rose against the U.S. dollar despite data showing a bigger than
expected increase in U.S. producer price inflation dimming hopes of an early
interest rate cut by the Federal Reserve.
• Gold prices rose as the U.S. dollar eased and bond yields fell despite data
indicating a larger than anticipated increase in U.S. producer price inflation,
which lowered expectations of an early interest rate cut by the U.S. Federal
Reserve.
• Brent crude oil prices (spot) fell as information indicating a bigger than
anticipated rise in U.S. producer prices sparked worries that the U.S. Federal
Reserve would maintain higher interest rates longer.
• According to Destatis, Germany’s consumer price inflation stood at 2.2% in
Apr 2024, the same as in Mar 2024. That was in line with the flash data
published on Apr 29, 2024.
• According to the Office for National Statistics, U.K. wages excluding bonuses
grew 6.0% YoY in the Jan to Mar period of 2024. Economists had forecast a
gain of 5.9% in regular pay, which serves as the preferred gauge for the Bank
of England to measure wage inflation.
• According to the Labor Department, U.S. producer price index for final
demand climbed by 0.5% in Apr 2024 after a revised 0.1% dip in Mar 2024.
Economists had expected producer prices to rise by 0.3% compared to the
0.2% uptick originally reported for the previous month.
Markets for You
