Global Indices
Global Indices 05-Nov Prev_Day Abs. Change
% Change
Russell 3000 3,007 2,964 43 1.46
Nasdaq 18,439 18,180 259 1.43
FTSE 8,172 8,184 -12 -0.14
Nikkei 38,475 38,054 421 1.11
Hang Seng 21,007 20,568 439 2.14
Indian Indices 05-Nov Prev_Day Abs. Change
% Change
BSE Sensex 79,477 78,782 694 0.88
Nifty 50 24,213 23,995 218 0.91
Nifty 100 25,061 24,858 203 0.82
Nifty 500 22,680 22,518 162 0.72
Nifty Bank 52,207 51,215 992 1.94
BSE Power 7,750 7,734 16 0.21
BSE Small Cap 54,931 54,705 226 0.41
BSE HC 43,929 43,854 75 0.17
Date P/E Div. Yield P/E Div. Yield
4-Nov 22.86 1.15 22.55 1.27
Month Ago 23.98 1.11 23.52 1.20
Year Ago 22.45 1.26 20.88 1.43
Nifty 50 Top 3 Gainers
Company 05-Nov Prev_Day
% Change
JSW Steel 1000 955 4.67
Bajaj Auto 9875 9526 3.67
Hindalco 698 674 3.45
Nifty 50 Top 3 Losers Domestic News
Company 05-Nov Prev_Day
% Change
Coal India 435 443 -1.89
Divi's Lab 5811 5902 -1.53
Adani Ports & SEZ 1329 1349 -1.47
Advance Decline Ratio
BSE NSE
Advances 2468 1759
Declines 1478 1012
Unchanged 112 63
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -2313
MF Flows** 368399
*5
th
Nov 2024; **4
th
Nov 2024
Economic Indicator
YoY(%) Current Year Ago
CPI
5.49%
(Sep-24)
5.02%
(Sep-23)
IIP
-0.10%
(Aug-24)
10.90%
(Aug-23)
GDP
6.70%
(Jun-24)
8.20%
(Jun-23)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
06 November 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
6.20%
(May-24)
7.80%
(Mar-24)
Quarter Ago
Inflow/Outflow
1391
-4562
5.08%
(Jun-24)
• Indian equity markets experienced a smart recovery and closed with
notable gains due to fag end buying across the sectors. The markets
witnessed some initial losses ahead of the U.S. presidential election,
however, markets recovered from the day’s low, led by metal stocks, as
sentiment was improved after Premier of China expressed confidence that
China would meet its GDP target for the year and achieve its future
economic goals, supported by a series of fiscal and monetary stimulus
measures implemented by Beijing.
• Key benchmark indices BSE SENSEX and Nifty 50 gained 0.88% and 0.91%
to close at 79,476.63 and 24,213.30 respectively.
• The overall market breadth on BSE was strong with 2,468 scrips advancing
and 1,478 scrips declining. A total of 112 scrips remained unchanged.
• On the BSE sectoral front, Metal was the major gainer, up 2.38% followed
by Bankex, up 2.09% and Commodities, up 1.84%. Teck was the major loser,
down 0.17% followed by Fast Moving Consumer Goods, down 0.17% and
Information Technology, down 0.05%.
• The Government of India has formed 22 sub-committees to re-evaluate the
Income Tax Act with the aim of simplifying it and making it more user-
friendly. The Minister of Finance reviewed the progress of this initiative,
which has already received 6,500 public proposals. The goal is to introduce
a draft bill during the upcoming budget session.
• According to the chairperson of Central Electricity Authority, India is
overhauling the way it forecasts electricity demand to ensure generation
capacity matches what’s needed and the grid remains stable with
increasing volumes of clean energy. The authority is seeking cooperation
with weather agencies to access better environmental data and plans more
frequent forecasts to account for unexpected events.
• According to the circular issued by the central board of direct taxes, the
authority has set monetary limitations for waiver or Reduction of Interest
on Tax Payments with riders. As per the circular, principal chief
commissioners of Income Tax can waive up to Rs. 50 lakhs, chief
commissioners or director generals of Income Tax can waive between Rs.
50 lakhs and Rs. 1.5 crores, and principal chief commissioners of Income Tax
can waive interest above Rs. 1.5 crores.
• The Indian Railway Catering and Tourism Corporation (IRCTC), which is
operated by the government, announced a 4% increase in its consolidated
net profit, reaching Rs. 308 crore for the quarter that concluded on Sep 30,
2024. This figure represents an increase from Rs. 295 crore recorded in the
same quarter of the previous year.
• Dr. Reddy's Laboratories announced a 15% decline in its consolidated net
profit, reporting Rs. 1,255 crore for the second quarter of FY25, compared
to Rs. 1,480 crore in the same quarter of the previous year. During this
period, the revenue from operations reached Rs. 8,016 crore, reflecting a
17% increase YoY.
• Asian equity markets mostly rose after the Chinese Premier conveyed
optimism regarding his government's ability to achieve an economic
recovery. Furthermore, a confidential survey indicated that China's service
sector experienced its most rapid growth in three months during Oct 2024.
Japanese markets rallied as trading resumed after a long holiday weekend.
Today (as on November 06), Asian markets opened higher, tracking Wall
Street gains overnight. Nikkei rose by 2.25% and Hang Seng fell by 1.57%
(as at 8 a.m. IST).
• European equity markets mostly rose as investors are predominantly
adopting a cautious approach as they process a variety of earnings reports
and economic indicators, while also anticipating upcoming monetary policy
decisions from both the Bank of England and the Federal Reserve. Further,
investors looked ahead to the U.S. presidential election outcome.
• U.S. equity markets rose as the surge on Wall Street may have been
influenced by a sense of optimism that both the stock market and the U.S.
economy will maintain a strong performance, irrespective of the outcome
of the U.S. presidential elections. A report from the Institute for Supply
Management indicated that service sector activity experienced an
unexpected acceleration in growth during the month of Oct 2024,
contributing to the overall positive sentiment regarding the economy.
Markets for You
FII Derivative Trade Statistics
05-Nov
(Rs Cr) Buy
Sell Open Int.
Index Futures 3843.40 4423.78 20538.75
Index Options 1711929.18 1718777.05 424612.62
Stock Futures 24285.32 25702.74 324510.46
Stock Options 41120.06 42722.17 23606.32
Total 1781177.96 1791625.74 793268.15
05-Nov Prev_Day
Change
Put Call Ratio (OI) 0.95 0.85 0.10
Put Call Ratio(Vol) 0.83 0.87 -0.04
05-Nov Wk. Ago Mth. Ago
Year Ago
Call Rate 6.31% 6.44% 6.45% 6.75%
T-Repo 6.10% 6.26% 6.20% 6.73%
Repo 6.50% 6.50% 6.50% 6.50%
Reverse Repo 3.35% 3.35% 3.35% 3.35%
91 Day T-Bill 6.45% 6.65% 6.43% 6.88%
364 Day T-Bill 6.50% 6.57% 6.55% 7.12%
10 Year Gilt 6.83% 6.86% 6.83% 7.31%
G-Sec Vol. (Rs.Cr) 27224 46765 96252 37365
FBIL MIBOR 6.40% 6.50% 6.50% 6.84%
3 Month CP Rate 7.20% 7.23% 7.21% 7.27%
5 Year Corp Bond 7.45% 7.46% 7.42% 7.74%
1 Month CD Rate 6.88% 7.06% 6.87% 7.06%
3 Month CD Rate 7.16% 7.21% 7.16% 7.23%
1 Year CD Rate 7.51% 7.51% 7.59% 7.75%
Currency 05-Nov Prev_Day
Change
USD/INR 84.12 84.11 0.02
GBP/INR 109.03 109.28 -0.25
EURO/INR 91.51 91.66 -0.14
JPY/INR 0.55 0.55 0.00
Commodity 05-Nov Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 72.06 67.28 74.83 81.09
Brent Crude($/bl) 77.73 71.73 79.95 90.39
Gold( $/oz) 2744 2775 2652 1992
Gold(Rs./10 gm) 79181 78493 75694 60843
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
06 November 2024
Derivative Statistics- Nifty Options
Disclaimer:
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material.
• Nifty Nov 2024 Futures stood at 24,295.45, a premium of 82.15 points
above the spot closing of 24,213.30. The turnover on NSE’s Futures and
Options segment fell to Rs.7,288.35 crore on November 05, 2024,
compared with Rs.3,38,712.89 crore on November 04, 2024.
• The Put-Call ratio stood at 0.96 compared with the previous session’s close
of 0.92.
• The Nifty Put-Call ratio stood at 0.94 compared with the previous session’s
close of 0.85.
• Open interest on Nifty Futures stood at 12.55 million, compared with the
previous session’s close of 12.43 million.
• Bond yields were steady as market participants remained focused on the U.S.
presidential election and its impact on U.S. Treasury yields.
• Yield on the 10-year benchmark paper (7.10% GS 2034) was unchanged to
close at 6.83% as compared to the previous day’s close.
• Reserve Bank of India conducted the auction of government securities for
eight states for a notified amount of Rs. 9,467 crore for which full amount
was accepted. The cut off yield ranged from 7.02% to 7.16%. The lowest
yield was witnessed in case of Tamil Nadu and the highest yield was
witnessed in case of Punjab.
• RBI conducted the auction of 2-day Variable Rate Reverse Repo for the
notified amount of Rs. 1,25,000 crore for which amount of Rs. 70,825 crore
was accepted, and the cut-off yield stood at 6.49%.
• The Indian rupee in the spot trade edged up against the U.S. dollar following
positive trends in domestic equities.
• Euro rose against the U.S. dollar as the U.S. presidential voting began.
• Gold prices rose as the U.S. dollar fell ahead of the U.S. Federal Reserve's
monetary policy announcement on 7th Nov, 2024.
• Brent crude oil prices (spot) rose as investors continued to react positively to
OPEC+'s decision to delay production increases.
• According to a survey, China’s services PMI improved to 52.0 in Oct 2024.
That's up from 50.3, and it moves further above the boom-or-bust line that
separates expansion from contraction.
• According to the Institute for Supply Management, U.S. services PMI rose to
56.0 in Oct 2024 from 54.9 in Sep 2024, with a reading above 50 indicating
growth. The uptick surprised economists, who had expected the index to dip
to 53.8.
Markets for You
