Global Indices
Global Indices 16-Oct Prev_Day Abs. Change
% Change
Russell 3000 3,005 2,998 7 0.25
Nasdaq 18,367 18,316 51 0.28
FTSE 8,329 8,249 80 0.97
Nikkei 39,180 39,911 -730 -1.83
Hang Seng 20,287 20,319 -32 -0.16
Indian Indices 16-Oct Prev_Day Abs. Change
% Change
BSE Sensex 81,501 81,820 -319 -0.39
Nifty 50 24,971 25,057 -86 -0.34
Nifty 100 26,058 26,149 -91 -0.35
Nifty 500 23,673 23,736 -63 -0.26
Nifty Bank 51,801 51,906 -105 -0.20
BSE Power 8,403 8,419 -15 -0.18
BSE Small Cap 57,403 57,225 178 0.31
BSE HC 44,654 44,748 -95 -0.21
Date P/E Div. Yield P/E Div. Yield
16-Oct 23.93 1.12 23.47 1.20
Month Ago 24.35 1.10 23.61 1.20
Year Ago 24.21 1.23 22.29 1.36
Nifty 50 Top 3 Gainers
Company 16-Oct Prev_Day
% Change
HDFC Standard Life
Insurance Co Ltd
727 714 1.76
Dr.Reddy 6711 6612 1.50
Grasim Indus 2764 2736 1.03
Nifty 50 Top 3 Losers Domestic News
Company 16-Oct Prev_Day
% Change
M&M 3068 3156 -2.78
Infosys 1920 1959 -2.00
Hero Moto 5398 5506 -1.95
Advance Decline Ratio
BSE NSE
Advances 1995 1378
Declines 1987 1390
Unchanged 86 53
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 32775
MF Flows** 328312
*16th Oct 2024; **14th 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.
17 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
2145
-1534
5.08%
(Jun-24)
•Indian equity markets fell for second consecutive session amid weak global
cues and unimpressive Q2FY25 earnings of domestic companies. Foreign
capital outflow remained another key factor weighing on market
sentiment.
•Key benchmark indices BSE SENSEX and Nifty 50 lost 0.39% and 0.34%to
close at 81,501.36 and 24,971.30 respectively.
•The overall market breadth on BSE was strong with 1,995 scrips advancing
and 1,987 scrips declining. A total of 86 scrips remained unchanged.
•On the BSE sectoral front, Telecommunication was the major gainer, up
0.91% followed by Realty, up 0.64% and Energy, up 0.25%. Information
Technology was the major loser, down 1.17% followed by Auto, down
0.97% and BSE Teck, down 0.76%.
•India’s merchandise trade deficit narrowed sequentially to $20.78 billion in
Sep 2024 compared to $29.65 billion in Aug 2024, however, the deficit
widened on an annual basis compared to $20.08 billion in Sep 2023.
Exports rose marginally by 0.49% YoY to $34.58 billion in Sep 2024, and
imports increased by 1.60% YoY to $55.36 billion during the same period.
•The government has approved Rs.35,000 crore for PM Annadata Aay
Sanrakshan Abhiyan to ensure fair prices for farmers and stabilize market
rates for consumers.
•The Central Government has approved an increase in the Minimum Support
Price (MSP) for key rabi crops in a significant boost for farmers ahead of
Diwali. The MSP for wheat has been raised by Rs.150 per quintal, moving
from Rs. 2,275 to Rs. 2,425. Mustard saw a hike of Rs.300, bringing its MSP
to Rs. 5,950 per quintal, while the MSP for gram was increased by Rs. 210
to Rs. 5,650 per quintal.
•L&T Technology Services announced a slight increase of 2% in its
consolidated net profit, reaching Rs.320 crore for the quarter ended Sep
2024. This figure compares to Rs. 315 crore reported in the same quarter of
the previous year. Revenue from operations in the reporting period
increased 8% YoY to Rs. 2,573 crore, compared with Rs. 2,386 crore in the
same period last year.
•Bajaj Auto announced a standalone net profit of Rs. 2,005 crore for the
quarter ended Sep 2024. This represents a 9% increase compared to the Rs.
1,836 crore profit recorded in the same quarter of the previous year. The
company reported revenue from operations at Rs.13,127 crore, which was
22% higher than the Rs.10,777 crore reported in the corresponding
quarter of the previous financial year.
•Asian equity markets fell due to ongoing tensions in the Middle East and
reports indicating that the U.S. is considering imposing restrictions on
export licenses for AI chips to certain nations. Japanese markets
experienced a decline following remarks from a member of the Bank of
Japan (BoJ) board, who indicated that monetary policy normalization is
underway, but premature hikes should be avoided due to uncertainties in
the global economic outlook and domestic wage growth. Today (as on
October 17), Asian markets opened on a mixed note ahead of a few
economic data from the U.S. Nikkei fell by 0.49% and Hang Seng rose by
1.53% (as at 8 a.m. IST).
•European equity markets fell after a cautious session. U.K. markets rose
driven by data indicating a significant decrease in inflation for Sep 2024.
•U.S. equity markets mostly rose due to a strong gain from digital
communications technology after a rating agency revised its rating on the
company's stock, elevating it from Neutral to Buy. During the session, a
notable interest in purchasing developed, as investors maintained a
positive outlook regarding the robustness of the U.S. economy in
anticipation of the upcoming release of several important reports on 17th
Oct, 2024.
Markets for You
FII Derivative Trade Statistics 16-Oct
(Rs Cr) Buy
Sell Open Int.
Index Futures 1714.02 2125.89 34649.69
Index Options 2645749.35 2610030.87 448557.39
Stock Futures 22850.32 25084.19 344118.97
Stock Options 52440.28 48295.40 89169.27
Total 2722753.97 2685536.35 916495.32
16-Oct Prev_Day
Change
Put Call Ratio (OI) 0.74 0.77 -0.04
Put Call Ratio(Vol) 0.86 1.03 -0.17
16-Oct Wk. Ago Mth. Ago
Year Ago
Call Rate 6.44% 6.43% 6.03% 6.72%
T-Repo 6.28% 6.26% 6.63% 6.75%
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% 6.43% 6.58% 6.81%
364 Day T-Bill 6.53% 6.52% 6.65% 7.12%
10 Year Gilt 6.77% 6.77% 6.76% 7.34%
G-Sec Vol. (Rs.Cr) 49020 203308 66580 28335
FBIL MIBOR 6.50% 6.50% 6.71% 6.84%
3 Month CP Rate 7.20% 7.17% 7.34% 7.22%
5 Year Corp Bond 7.37% 7.35% 7.34% 7.72%
1 Month CD Rate 6.94% 6.94% 7.26% 7.09%
3 Month CD Rate 7.18% 7.25% 7.31% 7.18%
1 Year CD Rate 7.49% 7.48% 7.70% 7.56%
Currency 16-Oct Prev_Day
Change
USD/INR 84.07 84.07 0.00
GBP/INR 109.28 109.73 -0.44
EURO/INR 91.46 91.59 -0.13
JPY/INR 0.56 0.56 0.00
Commodity 16-Oct Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 70.87 73.75 71.00 86.60
Brent Crude($/bl) 74.69 77.85 76.18 94.24
Gold( $/oz) 2673 2608 2583 1919
Gold(Rs./10 gm) 76188 74590 73267 58877
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
17 October 2024
Derivative Statistics- Nifty Options
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material.
•Nifty Oct 2024 Futures stood at 25,048.80, a premium of 77.50 points
above the spot closing of 24,971.30. The turnover on NSE’s Futures and
Options segment fell to Rs.6,788.46 crore on October 16,2024, compared
with Rs.4,84,210.23 crore on October 15,2024.
•The Put-Call ratio stood at 0.95 compared with the previous session’s close
of 0.99.
•The Nifty Put-Call ratio stood at 0.74 compared with the previous session’s
close of 0.77.
•Open interest on Nifty Futures stood at 15.86 million, compared with the
previous session’s close of 15.71 million.
•Bond yields mostly remained steady amid a lack of fresh trigger.
•Yield on the 10-year benchmark paper (7.10%GS 2034) was unchanged to
close at 6.77%as compared to the previous day’s close.
•Reserve Bank of India conducted the auction of 91 days, 182 days and 364
days Treasury Bills for an aggregate amount of Rs.19,000 crore for which
the full amount was accepted, and the cut-off rate stood at Rs.98.4170
(YTM: 6.4515%), Rs.96.8376 (YTM: 6.5493%) and Rs.93.8739 (YTM:
6.5438%), respectively.
•RBI conducted the auction of Overnight Variable Rate Reverse Repo for the
notified amount of Rs.50,000 crore for which amount of Rs.38,133 crore
was accepted, and the cut-off yield stood at 6.49%.
•The Indian rupee in the spot trade rose against the U.S. dollar, supported by
broad-based interbank greenback sales.
•Euro fell marginally against the U.S. dollar as investors will be closely
watching the European Central Bank meeting on 17th Oct, 2024.
•Gold prices rose on bets that the U.S. Federal Reserve will deliver more
interest rate cuts in coming months.
•Brent crude oil prices (spot) fell slightly on concerns about weak demand
from China and slightly easing geopolitical worries.
•According to the Office for National Statistics, U.K. consumer price inflation
weakened more-than-expected to 1.7% in Sep 2024 from 2.2% in Aug 2024.
On a monthly basis, the consumer price index remained flat after rising 0.3%
in the prior month. Economists had expected a 0.2% increase.
•According to Eurostat, eurozone’s industrial output posted a monthly
growth of 1.8% in Aug 2024, reversing Jul's 0.5% decline. The growth came
in line with expectations.
•According to the Cabinet Office, Japan’s core machine orders down a
seasonally adjusted 1.9% a month in Aug 2024. That missed forecasts for a
decline of 0.1%, which would have been the same as the Jul 2024 reading.
Markets for You
