Global Indices
Global Indices 30-Sep Prev_Day Abs. Change
% Change
Russell 3000 2,964 2,950 14 0.48
Nasdaq 18,189 18,120 70 0.38
FTSE 8,237 8,321 -84 -1.01
Nikkei 37,920 39,830 -1,910 -4.80
Hang Seng 21,134 20,632 501 2.43
Indian Indices 30-Sep Prev_Day Abs. Change
% Change
BSE Sensex 84,300 85,572 -1,272 -1.49
Nifty 50 25,811 26,179 -368 -1.41
Nifty 100 26,890 27,254 -364 -1.33
Nifty 500 24,245 24,490 -244 -1.00
Nifty Bank 52,978 53,834 -856 -1.59
BSE Power 8,652 8,699 -47 -0.54
BSE Small Cap 57,131 57,091 40 0.07
BSE HC 44,236 44,437 -202 -0.45
Date P/E Div. Yield P/E Div. Yield
30-Sep 24.75 1.08 24.26 1.16
Month Ago 24.16 1.11 23.47 1.21
Year Ago 24.16 1.24 22.21 1.37
Nifty 50 Top 3 Gainers
Company 30-Sep Prev_Day
% Change
JSW Steel 1030 1002 2.85
NTPC 443 437 1.44
Hindalco 756 747 1.21
Nifty 50 Top 3 Losers Domestic News
Company 30-Sep Prev_Day
% Change
Hero Moto 5712 5957 -4.11
RIL 2953 3052 -3.25
Axis Bank 1232 1273 -3.22
Advance Decline Ratio
BSE NSE
Advances 1749 1088
Declines 1749 1701
Unchanged 138 54
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 100609
MF Flows** 261999
*30
th
Sep 2024; **26
th
Sep 2024
Economic Indicator
YoY(%) Current Year Ago
CPI
3.65%
(Aug-24)
6.83%
(Aug-23)
IIP
4.80%
(Jul-24)
6.20%
(Jul-23)
GDP
6.70%
(Jun-24)
8.20%
(Jun-23)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
01 October 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
5.20%
(Apr-24)
7.80%
(Mar-24)
Quarter Ago
Inflow/Outflow
-3143
364
4.80%
(May-24)
• Indian equity markets fell despite metal stocks experiencing significant
increases following China's announcement of various measures to boost its
slowing economy over the weekend. A cautious undertone prevailed due to
mixed global cues and signs of escalating geopolitical tensions involving
Israel, Lebanon, and Iran.
• Key benchmark indices BSE SENSEX and Nifty 50 lost 1.49% and 1.41% to
close at 84,299.78 and 25,810.85 respectively.
• The overall market breadth on BSE was weak with 1,749 scrips advancing
and 2,306 scrips declining. A total of 138 scrips remained unchanged.
• On the BSE sectoral front, Metal was the major gainer, up 1.06% followed
by Commodities, up 0.6%. Auto was the major loser, down 1.91% followed
by Bankex, down 1.82% and Realty, down 1.8%.
• India’s current account deficit (CAD) widened marginally to US$ 9.7 billion
(1.1% of GDP) in Q1 FY25 from US$ 8.9 billion (1.0% of GDP) in Q1 FY24
and against a surplus of US$ 4.6 billion (0.5% of GDP) in Q4 FY24. The
widening of CAD on a YoY basis was primarily due to a rise in merchandise
trade deficit to US$ 65.1 billion in Q1 FY25 from US$ 56.7 billion in Q1
FY24.
• Government data showed that India’s fiscal deficit for the period from Apr
to Aug of FY25 stood at Rs. 4.35 lakh crore or 27% of the Budget Estimates
(BE) of the current fiscal. India’s fiscal deficit was at 36% of the BE in the
corresponding period of the previous fiscal year. Total expenditure stood at
Rs. 16.5 lakh crore or 34.3% of the BE as compared to 37.1% of the BE in
the corresponding period of the previous fiscal year.
• According to the Ministry of Commerce & Industry, the combined Index of
Eight Core Industries contracted by 1.8% YoY in Aug 2024 as compared to
13.4% growth in Aug 2023. The production of most of the Eight Core
Industries declined in Aug 2024 over the corresponding month of last year
except steel and fertilizers. Steel and fertilizers experienced positive
growth rates of 4.5% and 3.2%, respectively, in Aug 2024.
• Tata Power announced that it has signed a preliminary agreement with the
government of Rajasthan to invest Rs. 1.2 trillion, which encompasses Rs.
75,000 crore dedicated to green energy initiatives within the state's power
sector. These 10 year-long plans are designed to facilitate Rajasthan's
transition into a power surplus state, ensuring a continuous supply of clean,
affordable, and reliable electricity around the clock.
• L&T Power Transmission & Distribution (PT&D) business, through its Digital
Energy Solutions (DES) division, has secured a mandate to develop and
implement advanced Energy Management Systems at various regional and
state load dispatch centres in Southern India. This initiative contributes to
the growing global portfolio of L&T DES in the realm of intelligent grid
modernization and digitalization solutions.
• Asian equity markets closed on a mixed note as the Chinese and Hong Kong
markets experienced significant gains due to optimism surrounding
stimulus measures. Meanwhile, Japanese markets faced downward
pressure after Japan's newly established ruling party voiced its
endorsement of the Bank of Japan's decision to increase interest rates
from their historically low levels. Additionally, the party has shown support
for various other policies, including the potential increase in corporate
taxes. Today (as on October 01), Asian markets opened mixed after the U.S.
Federal Reserve Chair signaled smaller rate cuts. Nikkei rose by 1.53% and
Hang Seng close due to a public holiday (as at 8 a.m. IST).
• European equity markets fell amid rising geopolitical tensions and profit-
taking following recent gains. Automobile sector stocks experienced
significant declines, while a robust performance in the commodities sector
contributed to mitigating the overall market downturn.
• U.S. equity markets mostly rose after the U.S. Federal Reserve Chair
indicated that the central bank is likely to persist in reducing interest rates;
however, he emphasized that the trajectory for these rates is not
predetermined.
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