Global Indices
Global Indices 03-Sep Prev_Day Abs. Change
% Change
Russell 3000 2,799 2,886 -87 -3.01
Nasdaq 17,136 17,714 -577 -3.26
FTSE 8,298 8,364 -65 -0.78
Nikkei 38,686 38,701 -15 -0.04
Hang Seng 17,651 17,692 -40 -0.23
Indian Indices 03-Sep Prev_Day Abs. Change
% Change
BSE Sensex 82,555 82,560 -4 -0.01
Nifty 50 25,280 25,279 1 0.00
Nifty 100 26,342 26,335 7 0.03
Nifty 500 23,788 23,761 28 0.12
Nifty Bank 51,689 51,440 250 0.49
BSE Power 8,171 8,212 -41 -0.49
BSE Small Cap 56,062 55,761 301 0.54
BSE HC 43,036 42,993 43 0.10
Date P/E Div. Yield P/E Div. Yield
3-Sep 24.22 1.11 23.51 1.21
Month Ago 23.85 1.15 23.09 1.19
Year Ago 23.82 1.25 22.17 1.37
Nifty 50 Top 3 Gainers
Company 03-Sep Prev_Day
% Change
SBI Life Insurance Company Limited
1929 1889 2.11
759 745 1.80
ICICI Bank 1248 1230 1.44
Nifty 50 Top 3 Losers Domestic News
Company 03-Sep Prev_Day
% Change
Indian Oil 176 179 -1.45
ONGC 322 326 -1.23
Infosys 1941 1965 -1.18
Advance Decline Ratio
BSE NSE
Advances 1999 1347
Declines 1938 1351
Unchanged 117 58
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 50149
MF Flows** 243712
*3
rd
Sep 2024; **30
th
Aug 2024
Economic Indicator
YoY(%) Current Year Ago
CPI
3.54%
(Jul-24)
7.44%
(Jul-23)
IIP
4.20%
(Jun-24)
4.00%
(Jun-23)
GDP
6.70%
(Jun-24)
8.20%
(Jun-23)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
HDFC Standard Life Insurance
Company Limited
04 September 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
• Indian equity markets closed on a flat note amid a lack of fresh catalysts.
The key benchmark indices almost remained unchanged from the previous
day’s close as investors awaited for crucial U.S. economic data this week
that could offer more insight about the health of the world's largest
economy and the Federal Reserve's policy path.
• Key benchmark indices BSE SENSEX and Nifty 50 lost 0.01% and 0% to close
at 82,555.44 and 25,279.85 respectively.
• The overall market breadth on BSE was strong with 1,999 scrips advancing
and 1,938 scrips declining. A total of 117 scrips remained unchanged.
• On the BSE sectoral front, Consumer Durables was the major gainer, up
1.27% followed by Financial Services, up 0.68% and Capital Goods, up
0.62%. Utilities was the major loser, down 0.77% followed by Oil & Gas,
down 0.69% and Metal, down 0.59%.
• The World Bank has increased its growth projection for Indian economy for
FY25 to 7%, up from the earlier estimate of 6.6%. Although there was a
slowdown in the Q1 FY25 due to decreased government expenditure, the
overall economic outlook remains robust.
• The RBI has reported that 97.96% of the Rs. 2,000 currency notes have
been restored into the banking system, leaving a remaining amount of Rs.
7,261 crore in public circulation. The decision to withdraw the Rs. 2,000
notes were made public on May 19, 2023, and the options for deposit and
exchange were accessible until Oct 7, 2023
• According to preliminary data compiled by the rural development ministry,
work demand under the Mahatma Gandhi National Rural Employment
Guarantee Scheme (MGNREGS) fell for the tenth consecutive month in Aug
2024. with 19 million individuals seeking work, representing a 17%
decrease compared to the previous year.
• The Ministry of Labour and Employment has urged state governments to
incorporate a range of unorganised workers into the Pradhan Mantri Awas
Yojana (PMAY). This initiative comes in light of the union cabinet's decision
to prolong the PMAY for an additional five years, with the objective of
delivering two crore more housing units.
• Bharat Petroleum Corporation, an Indian refiner, and Oil and Natural Gas
Corporation, an exploration company, are collaborating to investigate the
establishment of a refinery. According to reports, BPCL intends to enhance
its integrated refining and petrochemical capabilities over the next five to
seven years in order to address the rising energy demand.
• Hindustan Aeronautics Limited got approval from the cabinet committee of
India for the acquisition of 240 AL-31FP aero-engines for the Su-30 MKI
aircraft, with a total expenditure surpassing Rs 26,000 crore. These engines
will incorporate more than 54% indigenous content and will be
manufactured at HAL's Koraput facility, thereby enhancing the operational
capability and preparedness of the Indian Air Force's fleet.

https://mf.nipponindiaim.com

• Asian equity markets closed on a mixed note as investors awaited more U.S.
economic data, particularly the non-farm payrolls report for Aug 2024
scheduled for release on 6th Sep 2024 to gauge the size of the U.S. Federal
Reserve's rate cut later this month. Today (as on September 04), Asian
markets opened lower as weak U.S. economic data sparked recession fears.
Both Nikkei and Hang Seng fell by 3.29% and 1.25% (as at 8 a.m. IST).
• European equity markets fell on renewed worries regarding the prospects
for global economic growth and the uncertainty surrounding the timing of
interest rate reductions by the U.S. Federal Reserve, following the release
of recent mixed economic indicators. Additionally, investors analyzed
various regional economic indicators along with a report concerning U.S.
manufacturing performance, and awaited comments from European
Central Bank policymakers.
• U.S. equity markets fell following the release of a report by the Institute for
Supply Management, it was revealed that U.S. manufacturing activity
experienced a sustained contraction during the month of Aug 2024. The
information raised fresh concerns regarding the economic forecast, which
played a role in the market decline observed in early Aug 2024.
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