Global Indices
Global Indices 28-Oct Prev_Day Abs. Change
% Change
Russell 3000 3,025 3,019 6 0.19
Nasdaq 18,567 18,519 49 0.26
FTSE 8,286 8,249 37 0.45
Nikkei 38,606 37,914 692 1.82
Hang Seng 20,599 20,590 9 0.04
Indian Indices 28-Oct Prev_Day Abs. Change
% Change
BSE Sensex 80,005 79,402 603 0.76
Nifty 50 24,339 24,181 158 0.65
Nifty 100 25,175 25,022 153 0.61
Nifty 500 22,650 22,499 151 0.67
Nifty Bank 51,259 50,787 472 0.93
BSE Power 7,768 7,742 26 0.34
BSE Small Cap 52,916 52,336 580 1.11
BSE HC 43,416 42,834 582 1.36
Date P/E Div. Yield P/E Div. Yield
28-Oct 23.28 1.07 22.74 1.18
Month Ago 25.12 1.06 24.34 1.16
Year Ago 22.47 1.28 20.84 1.42
Nifty 50 Top 3 Gainers
Company 28-Oct Prev_Day
% Change
ICICI Bank 1293 1255 2.98
Eicher Motors Limited 4721 4592 2.81
Wipro 559 543 2.79
Nifty 50 Top 3 Losers Domestic News
Company 28-Oct Prev_Day
% Change
RIL 1334 2656 -49.76
Coal India 442 461 -4.22
Bajaj Auto 10011 10206 -1.91
Advance Decline Ratio
BSE NSE
Advances 2524 1866
Declines 1475 942
Unchanged 154 51
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 11792
MF Flows** 360211
*28
th
Oct 2024; **25
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.
29 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
3073
-3027
5.08%
(Jun-24)
• Indian equity markets experienced an increase as concerns regarding
tensions in the Middle East subsided. The market experienced an upward
movement, driven by strong global trends and persistent purchasing
activity from domestic institutional investors. Additionally, a notable drop
in global crude oil prices on international markets has positively influenced
market sentiment. The positive momentum was further strengthened by
the impressive Q2FY25 results disclosed by a prominent Indian private
sector bank.
• Key benchmark indices BSE SENSEX and Nifty 50 gained 0.76% and 0.65%
to close at 80,005.04 and 24,339.15 respectively.
• The overall market breadth on BSE was strong with 2,524 scrips advancing
and 1,475 scrips declining. A total of 154 scrips remained unchanged.
• On the BSE sectoral front, Commodities was the major gainer, up 1.79%
followed by Realty, up 1.4% and Telecommunication, up 1.37%. Energy was
the major loser, down 0.38% followed by Capital Goods, down 0.01%.
• The Reserve Bank of India (RBI) has issued a favorable growth forecast for
the Indian economy, anticipating a 7.2% increase for the fiscal year
concluding in Mar 2025. This projection notably exceeds the government's
estimate of 6.5%-7%. The RBI's optimistic perspective is attributed to a rise
in rural expenditure and private investment, notwithstanding
apprehensions regarding sluggish urban consumption and a downturn in
exports.
• The government is projecting that loan disbursements for state capital
expenditure will be 15-20% lower than originally planned for the fiscal year
2025. This reduction is attributed to delays in spending resulting from the
general elections. The initial budget allocation was set at Rs. 1.5 lakh crore,
but it is now expected to be adjusted to between Rs. 1.30 and Rs. 1.35 lakh
crore. Efforts are currently underway to enhance spending levels.
• India is significantly dependent on imports of essential minerals such as
lithium, cobalt, and nickel. Projections indicate that the demand for these
minerals could more than double by the year 2030. To achieve its
renewable energy objectives, the nation must formulate a comprehensive
import strategy, establish partnerships with countries rich in these
minerals, and enhance domestic mining operations. Additionally,
developing local lithium refining capabilities and exploring alternative trade
partners are crucial steps forward.
• Sun Pharma announced a 28% increase in its consolidated net profit,
reaching Rs. 3,040 crore for the second quarter of FY25. This figure
compares to Rs. 2,375 crore reported in the corresponding quarter of the
previous year. Revenue from operations in the reporting period rose 9%
YoY to Rs. 13,291 crore.
• Ambuja Cements announced that its standalone net profit for the second
quarter ended Sep 2024 amounted to Rs. 501 crore, reflecting a decline of
22% YoY compared to Rs. 644 crore recorded in the same quarter of the
previous year. Revenue from operations, meanwhile, increased 6% YoY to
Rs. 4,213 crore in the Jul-Sep 2024 period, compared with Rs. 3,970 crore in
the last year period.

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• Asian equity markets rose as Japanese markets have emerged as the
frontrunners in regional gains following the recent elections, in which the
ruling party lost its majority in the lower house of Parliament. This political
shift has resulted in a significant decline of the Japanese yen, reaching a
three-month low, and has positively impacted shares related to exports.
The Chinese market rose ahead of key economic activity readings due this
week. Today (as on October 29), Asian markets opened lower ahead of the
U.S. economic data later in the week. Both Nikkei and Hang Seng fell by
0.18% and 0.63% (as at 8 a.m. IST).
• European equity markets rose as investors were closely monitoring
geopolitical developments while anticipating a series of economic data
from the region to gain insights into the future direction of the European
Central Bank's interest rate policy.
• U.S. equity markets rose as oil prices experienced a significant decline
following the weekend's retaliatory strike by Israel against Iran, which
ultimately did not impact the energy infrastructure of the Islamic Republic.
Meanwhile, investors were also looking ahead to the release of key U.S.
economic data later in the week.
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