Global Indices
Global Indices 15-Oct Prev_Day Abs. Change
% Change
Russell 3000 2,998 3,026 -28 -0.93
Nasdaq 18,316 18,503 -187 -1.01
FTSE 8,249 8,293 -43 -0.52
Nikkei 39,911 39,606 305 0.77
Hang Seng 20,319 21,093 -774 -3.67
Indian Indices 15-Oct Prev_Day Abs. Change
% Change
BSE Sensex 81,820 81,973 -153 -0.19
Nifty 50 25,057 25,128 -71 -0.28
Nifty 100 26,149 26,198 -49 -0.19
Nifty 500 23,736 23,727 9 0.04
Nifty Bank 51,906 51,817 89 0.17
BSE Power 8,419 8,420 -1 -0.01
BSE Small Cap 57,225 56,632 592 1.05
BSE HC 44,748 44,629 120 0.27
Date P/E Div. Yield P/E Div. Yield
15-Oct 24.02 1.11 23.55 1.20
Month Ago 24.32 1.10 23.58 1.20
Year Ago 24.25 1.23 22.33 1.36
Nifty 50 Top 3 Gainers
Company 15-Oct Prev_Day
% Change
BPCL 349 341 2.35
ICICI Bank 1256 1232 1.93
Britannia Industries Limited 6069 5978 1.52
Nifty 50 Top 3 Losers Domestic News
Company 15-Oct Prev_Day
% Change
HDFC Standard Life
Insurance Co Ltd.
714 741 -3.56
Bajaj Auto 11522 11899 -3.18
Wipro 533 550 -3.02
Advance Decline Ratio
BSE NSE
Advances 2068 1322
Declines 1894 1438
Unchanged 102 65
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 34309
MF Flows** 326167
*15
th
Oct 2024; **11
th
Oct 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.
16 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
6.20%
(May-24)
7.80%
(Mar-24)
Quarter Ago
Inflow/Outflow
3518
-3558
5.08%
(Jun-24)
• Indian equity markets closed in red as sentiment took hit following the
hotter-than-expected domestic retail inflation print of Sep 2024. The key
benchmark indices remained range-bound throughout the session and
closed with losses after data showed that India’s CPI inflation rose to a
nine-month high of 5.49% in Sep 2024 on the back of rising food prices,
which dampened hopes of a rate cut by the RBI. However, losses were
restricted following a drop in global crude oil prices on the back of a
weaker demand forecast from International Energy Agency.
• Key benchmark indices BSE SENSEX and Nifty 50 lost 0.19% and 0.28% to
close at 81,820.12 and 25,057.35 respectively.
• The overall market breadth on BSE was strong with 1,986 scrips advancing
and 1,983 scrips declining. A total of 95 scrips remained unchanged.
• On the BSE sectoral front, Realty was the major gainer, up 2.07% followed
by Industrials, up 0.69% and Fast Moving Consumer Goods, up 0.42%. Metal
was the major loser, down 1.56% followed by Auto, down 0.67% and
Energy, down 0.39%.
• The Department for Promotion of Industry and Internal Trade has relaxed
quality control norms for cookware and utensils for micro units, exempting
enterprises with investments under Rs. 25 lakh and turnover below Rs. 2
crore. Large and medium manufacturers will implement changes by Apr
2025, while small and micro enterprises have deadlines extended to Jul and
Oct 2025, respectively.
• According to the data compiled by the Solvent Extractors Association of
India, India's oil meal exports fell by 35% in Sep 2024 to 213,744 tonnes.
Exports of soybean meal increased because of higher demand from the
UAE, Iran, and France, but exports of rapeseed and castor seed meals went
down.
• According to the Minister for Railways, India aims to become a developed
country by 2047, aiming for a per capita income of $18,000 and a GDP of
$30 trillion. The strategy includes building social, physical, and digital
infrastructure that benefits everyone, ensuring growth continues beyond
election periods.
• HDFC Life announced a 15% increase in its standalone net profit, reaching
Rs. 433 crore for the second quarter of FY25, in contrast to Rs. 377 crore
during the same period last year. Net premium income during the Jul-Sep
2024 period increased 12% YoY to Rs. 16,570 crore. It was Rs. 14,756 crore
in the corresponding period of the previous year.
• Inox announced a consolidated net loss of Rs. 12 crore for the quarter
ended Sep 30, 2024, in contrast to a net profit of Rs. 166 crore recorded
during the same quarter of the previous year. The company's revenue from
operations for the reported quarter stood at Rs. 1,622 crore, which is 19%
lower than the Rs. 2,000 crore reported in the corresponding quarter of the
previous financial year.
• Asian equity markets mostly rose as Japanese markets leading reginal gains
following reports that the Prime Minister intends for his administration to
prepare a supplementary budget for the current fiscal year that exceeds
last year's figure of 13.1 trillion yen ($87.6 billion) in order to finance an
economic support initiative. The Chinese and Hong Kong markets
underperformed following the weekend announcements from authorities
regarding economic support, which did not succeed in instilling confidence
among investors. Today (as on October 16), Asian markets opened lower,
following declines on Wall Street. Nikkei fell by 1.80% and Hang Seng rose
by 0.37% (as at 8 a.m. IST).
• European equity markets fell as the energy sector faced significant
challenges due to a decline in oil prices, which contributed to losses.
Additionally, tensions in the Middle East further impacted market
sentiment.
• U.S. equity markets fell due to profit taking, as some investors looked to
cash in on recent strength in the markets. The Federal Reserve Bank of New
York has published a report indicating that regional manufacturing activity
has reverted to a state of contraction in Oct 2024.
Markets for You
FII Derivative Trade Statistics
15-Oct
(Rs Cr) Buy
Sell Open Int.
Index Futures 2431.73 2272.31 34835.07
Index Options 1837806.98 1843325.36 430178.23
Stock Futures 21228.94 21508.50 345424.74
Stock Options 41115.73 44856.33 90900.51
Total 1902583.38 1911962.50 901338.55
15-Oct Prev_Day
Change
Put Call Ratio (OI) 0.77 0.90 -0.13
Put Call Ratio(Vol) 1.03 0.82 0.21
15-Oct Wk. Ago Mth. Ago
Year Ago
Call Rate 6.42% 6.42% 6.62% 6.73%
T-Repo 6.27% 6.21% 6.43% 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 6.42% 6.42% 6.55% 6.86%
364 Day T-Bill 6.52% 6.54% 6.64% 7.11%
10 Year Gilt 6.77% 6.81% 6.79% 7.32%
G-Sec Vol. (Rs.Cr) 53339 76388 90177 45171
FBIL MIBOR 6.50% 6.50% 6.71% 6.84%
3 Month CP Rate 7.20% 7.19% 7.34% 7.22%
5 Year Corp Bond 7.36% 7.40% 7.37% 7.70%
1 Month CD Rate 6.92% 7.00% 7.25% 7.03%
3 Month CD Rate 7.18% 7.12% 7.30% 7.19%
1 Year CD Rate 7.45% 7.52% 7.69% 7.57%
Currency 15-Oct Prev_Day
Change
USD/INR 84.07 84.07 0.00
GBP/INR 109.73 109.88 -0.15
EURO/INR 91.59 91.88 -0.29
JPY/INR 0.56 0.56 0.00
Commodity 15-Oct Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 71.12 74.16 69.49 87.62
Brent Crude($/bl) 74.72 78.83 75.93 95.59
Gold( $/oz) 2661 2622 2576 1932
Gold(Rs./10 gm) 75690 75279 72761 58092
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
16 October 2024
Derivative Statistics- Nifty Options
Disclaimer:
Derivatives Market
Debt Watch
Currency Market
Commodity Prices
Indian Debt Market
Currency Market Update
Commodity Market Update
International News
The information herein is meant only for general reading purposes and contains all factual and statistical information pertaining to Industry and markets which have been obtained from independent third party sources
and which are deemed to be reliable. The information provided cannot be considered as guidelines, recommendations or as a professional guide for the readers. It may be noted that since Nippon Life India Asset
Management Limited (NAM India) has not independently verified the accuracy or authenticity of such information or data, or for that matter the reasonableness of the assumptions upon which such data and information
has been processed or arrive data; NAM India does not in any manner assures the accuracy or authenticity of such data and information. Some of the statements & assertions contained in these materials may reflect NAM
India’s views or opinions, which in turn may have been formed on the basis of such data or information. The Sponsor(s), the Investment Manager, the Trustee or any of their respective directors, employees, associates or
representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such data or information. Whilst no action has been solicited based upon the information provided
herein, due care has been taken to ensure that the facts are accurate and opinions given are fair and reasonable, to the extent possible. This information is not intended to be an offer or solicitation for the purchase or
sale of any financial product or instrument. Recipients of this information should rely on information/data arising out of their own investigations. Before making any investments, the readers are advised to seek
independent professional advice, verify the contents in order to arrive at an informed investment decision. None of the Sponsor(s), the Investment Manager, the Trustee, their respective directors, employees, associates
or representatives shall be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the information contained in this
material.
• Nifty Oct 2024 Futures stood at 25,118.35, a premium of 61.00 points
above the spot closing of 25,057.35. The turnover on NSE’s Futures and
Options segment fell to Rs.6,481.48 crore on October 15, 2024, compared
with Rs.4,08,251.43 crore on October 14, 2024.
• The Put-Call ratio stood at 0.99 compared with the previous session’s close
of 0.87.
• The Nifty Put-Call ratio stood at 0.77 compared with the previous session’s
close of 0.9.
• Open interest on Nifty Futures stood at 15.71 million, compared with the
previous session’s close of 15.52 million.
• Bond yields edged lower as a decline in global crude oil prices due to a
weaker demand outlook outweighed negative sentiment caused by higher-
than-expected domestic retail inflation data of Sep 2024 which accelerated
to 5.49% YoY, compared to 3.65% in Aug 2024.
• Yield on the 10-year benchmark paper (7.10% GS 2034) fell by 1 bps to close
at 6.77% as compared to the previous close of 6.78%.
• RBI conducted the auction of 2-day Variable Rate Reverse Repo for the
notified amount of Rs. 50,000 crore for which amount of Rs. 26,060 crore
was accepted, and the cut-off yield stood at 6.49%.
• Reserve Bank of India conducted the auction of government securities for
eight states for a notified amount of Rs. 13,050 crore for which full amount
was accepted. The cut off yield ranged from 6.82% to 7.11%. The lowest
yield was witnessed in case of Gujarat and the highest yield was witnessed in
case of Punjab and Telangana.
• The Indian rupee in the spot trade rose against the U.S. dollar because of
weak crude oil prices and suspected intervention by the Reserve Bank of
India.
• Euro fell against the U.S. dollar ahead of the European Central Bank policy
meeting this week.
• Gold prices rose as investors cautiously awaited more data that could offer
fresh clues on the U.S. Federal Reserve’s monetary easing cycle.
• Brent crude oil prices (spot) fell as fears regarding potential supply
disruptions diminished on reports Israel will avoid targeting Iran's oil and
nuclear sites.
• According to Destatis, Germany’s wholesale prices decreased 1.6% YoY in
Sep 2024, faster than the 1.1% drop in Aug 2024. Wholesale prices have
been falling since May 2023. On a monthly basis, wholesale prices dropped
0.3% in Sep 2024, following a 0.8% fall in Aug 2024.
• According to the Office for National Statistics, U.K. average earnings
excluding bonus increased 4.9% in the three months to Aug 2024 from the
previous year, slower than the 5.1% increase in the three months to Jul
2024.
• According to the Ministry of Economy, Trade, and Industry, Japan’s industrial
production contracted 3.3% on a monthly basis in Aug 2024, reversing a
3.1% rebound in Jul 2024.
Markets for You
