Global Indices
Global Indices 28-Nov Prev_Day Abs. Change
% Change
Russell 3000[1] 3,124 3,147 -22 -0.71
Nasdaq[1] 19,060 19,176 -115 -0.60
FTSE 8,281 8,275 6 0.08
Nikkei 38,349 38,135 214 0.56
Hang Seng 19,367 19,603 -236 -1.20
Indian Indices 28-Nov Prev_Day Abs. Change
% Change
BSE Sensex 79,044 80,234 -1,190 -1.48
Nifty 50 23,914 24,275 -361 -1.49
Nifty 100 24,836 25,115 -279 -1.11
Nifty 500 22,514 22,692 -177 -0.78
Nifty Bank 51,907 52,302 -395 -0.76
BSE Power 7,443 7,452 -9 -0.12
BSE Small Cap 54,783 54,561 222 0.41
BSE HC 42,788 43,007 -219 -0.51
Date P/E Div. Yield P/E Div. Yield
28-Nov 22.57 1.17 22.01 1.28
Month Ago 23.28 1.07 22.74 1.18
Year Ago 23.44 1.21 21.26 1.37
Nifty 50 Top 3 Gainers
Company 28-Nov Prev_Day
% Change
SBI 839 834 0.57
Shree Cements Limited 25546 25422 0.49
Cipla 1493 1491 0.11
Nifty 50 Top 3 Losers Domestic News
Company 28-Nov Prev_Day
% Change
SBI Life Insurance Company Limited
1429 1505 -5.10
M&M 2899 3005 -3.53
Infosys 1857 1925 -3.53
Advance Decline Ratio
BSE NSE
Advances 2127 1477
Declines 1815 1294
Unchanged 107 63
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* -6487
MF Flows** 393841
*28th Nov 2024; **26th Nov 2024
Economic Indicator
YoY(%) Current Year Ago
CPI
6.21%
(Oct-24)
4.87%
(Oct-23)
IIP
3.10%
(Sep-24)
6.40%
(Sep-23)
GDP
6.70%
(Jun-24)
8.20%
(Jun-23)
[1]Data as on 27 Nov, 2024
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
29 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
4.90%
(Jun-24)
7.80%
(Mar-24)
Quarter Ago
Inflow/Outflow
880
-1049
3.60%
(Jul-24)
•Indian equity markets closed with significant losses amid weak global cues
as uncertainty prevailed over the Federal Reserve's interest rate path on
expectation of high inflation in Nov 2024. Further, profit booking after
recent gains and volatility as a result of the expiry of monthly derivative
contracts weighed on domestic markets.
•Key benchmark indices BSE SENSEX and Nifty 50 lost 1.48% and 1.49%to
close at 79,043.74 and 23,914.15 respectively.
•The overall market breadth on BSE was strong with 2,127 scrips advancing
and 1,815 scrips declining. A total of 107 scrips remained unchanged.
•On the BSE sectoral front, Utilities was the major gainer, up 0.63% followed
by Realty, up 0.09% and Oil & Gas, up 0.02%. Information Technology was
the major loser, down 2.26% followed by Teck, down 2.12% and Auto,
down 1.39%.
•According to the government data, creditors have recovered around Rs.
3.55 lakh crore through resolution of 1,068 cases under the insolvency law
till Sep 2024.
•According to the chairman of the Central Board of Indirect Taxes and
Customs, India is actively negotiating the signing of mutual recognition
agreements with the customs authorities of roughly thirty nations. Mutual
recognition agreements help ease overseas trade by avoiding dual
certifications. By following a single regulation, it simplifies compliance
requirements, lowers compliance costs, and improves trade opportunities.
•According to reports, the government is thinking of lowering the weight of
food items in the Consumer Price Index (CPI) basket to address inflation
concerns. The action is in response to data from the 2022–23 Household
Consumption Expenditure Survey, which showed a decrease in household
food expenditures. Chief Economic Adviser cited volatile food prices as a
primary driver of inflation spikes. Removing highly volatile commodities like
tomatoes, onions, and potatoes could reportedly lower retail inflation to
4%.
•Union Minister expressed India's "deep disappointment" with the European
Union's "unilateral" green economy regulations, stating they are unfair and
violate the principle of "common but differentiated responsibilities". Under
the proposed European Union Deforestation Regulation, operators or
traders placing specified commodities on the European Union market or
exporting them must prove their products do not come from recently
deforested land or contribute to forest degradation.
•Dr. Reddy's has officially introduced Toripalimab in India, targeting patients
who have been diagnosed with nasopharyngeal carcinoma (NPC), a rare
type of head and neck cancer. Toripalimab, classified as a New Biological
Entity (NBE), stands as the sole immuno-oncology medication sanctioned
by regulatory bodies such as the USFDA, EMA, and MHRA for the treatment
of adults suffering from recurrent or metastatic nasopharyngeal carcinoma
(RM-NPC). The company based in Hyderabad has stated that it is
internationally acknowledged for its effectiveness in this particular
indication.
•Asian equity markets closed on a mixed note amid the Thanksgiving holiday
in the U.S. In light of considerable ambiguity surrounding the tariff policies
of the U.S. new President and the trajectory of interest rates set by the U.S.
Federal Reserve, investors are anticipating an important economic meeting
of Chinese policymakers scheduled for next month. This meeting may
result in additional stimulus measures aimed at revitalizing the faltering
economy. Today (as on November 29), Asian markets opened lower as
investors assessed Nov 2024 inflation numbers from Japan’s capital.Both
Nikkei and Hang Seng fell by 0.82% and 0.10% respectively (as at 8 a.m.
IST).
•European equity markets rose despite the business volume in the majority
of regional markets remaining low, primarily due to the Thanksgiving
holiday in the U.S. Investors analyzed Germany's consumer price inflation
figures and monitored corporate developments for guidance.
•U.S. equity markets were closed due to a public holiday.
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