Global Indices
Global Indices 09-Sep Prev_Day Abs. Change
% Change
Russell 3000 2,762 2,729 33 1.21
Nasdaq 16,885 16,691 194 1.16
FTSE 8,271 8,181 89 1.09
Nikkei 36,216 36,391 -176 -0.48
Hang Seng 17,197 17,444 -247 -1.42
Indian Indices 09-Sep Prev_Day Abs. Change
% Change
BSE Sensex 81,560 81,184 376 0.46
Nifty 50 24,936 24,852 84 0.34
Nifty 100 26,011 25,929 83 0.32
Nifty 500 23,502 23,478 24 0.10
Nifty Bank 51,118 50,577 541 1.07
BSE Power 7,953 7,987 -34 -0.42
BSE Small Cap 55,614 55,978 -364 -0.65
BSE HC 43,361 43,468 -106 -0.24
Date P/E Div. Yield P/E Div. Yield
9-Sep 23.93 1.12 23.19 1.22
Month Ago 23.37 1.14 22.67 1.21
Year Ago 24.33 1.22 22.39 1.36
Nifty 50 Top 3 Gainers
Company 09-Sep Prev_Day
% Change
HUL 2922 2839 2.92
ICICI Bank 1235 1208 2.22
ITC 512 502 2.00
Nifty 50 Top 3 Losers Domestic News
Company 09-Sep Prev_Day
% Change
ONGC 299 309 -3.21
Tech Mahindra 1579 1623 -2.71
Hindalco 659 667 -1.28
Advance Decline Ratio
BSE NSE
Advances 1650 986
Declines 2390 1751
Unchanged 141 64
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 55810
MF Flows** 250879
*9
th
Sep 2024; **5
th
Sep 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.
10 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
Sensex
Nifty
5.50%
(Mar-24)
7.80%
(Mar-24)
Quarter Ago
Inflow/Outflow
3306
1943
4.83%
(Apr-24)
• Indian equity markets rose tracking mixed cues from global markets. A
cautious undertone prevailed as investors processed disappointing U.S.
employment data and looked ahead to key macro data due later in the
week for directional cues. Further, the upcoming domestic industrial
production and retail inflation data, scheduled for release later this week,
are expected to offer essential insights into the condition of the Indian
economy and may significantly influence the Reserve Bank of India's (RBI)
upcoming monetary policy decisions.
• Key benchmark indices BSE SENSEX and Nifty 50 gained 0.46% and 0.34%
to close at 81,559.54 and 24,936.40 respectively.
• The overall market breadth on BSE was weak with 1,650 scrips advancing
and 2,390 scrips declining. A total of 141 scrips remained unchanged.
• On the BSE sectoral front, Fast Moving Consumer Goods was the major
gainer, up 1.65% followed by Bankex, up 1.15% and Consumer Durables, up
0.73%. Oil & Gas was the major loser, down 1.63% followed by Energy,
down 1.22% and Metal, down 0.77%.
• The Finance Minister chaired the 54th meeting of the GST Council in New
Delhi on 9th Sep, 2024. Key agenda items include lower GST rates on health
insurance premiums, the taxation of online transactions exceeding Rs
2,000, and the examination of a tax notice issued to Infosys amounting to
Rs 32,400 crore. The meeting also includes participation from state finance
ministers and senior officials.
• According to reports, Indian exporters are experiencing a significant credit
shortage, even though lending in the economy is growing. Export credit has
decreased by 5% in the last two years, and lending for priority export
sectors has fallen by 41%. The Federation of Indian Export Organisation
(FIEO) is worried and is calling on the RBI and the finance ministry to take
immediate action on this problem.
• Niti Aayog has issued a call for expressions of interest (EoI) to conduct
research on the India Innovation Index. This index aims to motivate states
and union territories to assess and enhance their innovation ecosystems
and outcomes, which may contribute to the overall advancement of
innovation in India. It is designed as a holistic tool which can be used by
policymakers across the country to identify the challenges to be addressed
and the strengths to leverage when designing the economic growth
strategies for their respective regions.
• Suzlon Group announced that it has secured the largest wind energy
contract in India to date, having signed an agreement with NTPC Green
Energy Limited (NGEL), the renewable energy division of NTPC Limited, to
develop a 1,166 megawatt (MW) project in Gujarat. This project will include
the installation of 370 wind turbine generators (WTGs), each with a capacity
of 3.15 MW, across three locations in Gujarat.
• JSW Infrastructure Limited has approved a capex of Rs. 2,359 crore to
boost capacity at Jaigarh and Dharamtar Ports. This expansion plans to
raise total capacity to 400 million tonnes per year by FY 2030. Construction
is expected to be completed by Mar 2027, enhancing cargo handling
volume significantly.
• Asian equity markets fell due to persistent concerns regarding the
economic growth of both the U.S. and China. The markets in China and
Hong Kong experienced the most significant declines in the region,
following the release of consumer inflation data from China that fell short
of expectations. Additionally, Japanese markets declined and suffered a
fifth day of losses, as tech stocks followed their U.S. peers lower. Today (as
on September 10), Asian markets opened higher following gains on Wall
Street. Nikkei rose by 0.49% and Hang Seng fell by 0.23% (as at 8 a.m. IST).
• European equity markets rose as markets recovered from recent declines,
investors engaged in significant purchasing of various stocks in anticipation
of the European Central Bank's monetary policy announcement and the
upcoming U.S. inflation data later this week.
• U.S. equity markets rose as investors looked to pick up stocks at somewhat
reduced levels after the significant decline observed last week, which
resulted in the Nasdaq reaching its lowest point in almost a month. The
anticipation that the Federal Reserve may reduce interest rates later this
month has bolstered Wall Street's performance despite lingering concerns
about the outlook for the U.S. economy.
Markets for You
FII Derivative Trade Statistics
09-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 3839.98 6946.78 36032.52
Index Options 2078318.18 2069996.58 464979.24
Stock Futures 29073.06 36339.55 327394.01
Stock Options 49252.92 49131.85 37673.95
Total 2160484.14 2162414.76 866079.72
09-Sep Prev_Day
Change
Put Call Ratio (OI) 0.96 0.92 0.05
Put Call Ratio(Vol) 0.85 1.04 -0.19
09-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 6.52% 6.49% 6.53% 6.71%
T-Repo 6.29% 6.26% 6.32% 6.71%
Repo 6.50% 6.50% 6.50% 6.50%
Reverse Repo 3.35% 3.35% 3.35% 3.35%
91 Day T-Bill 7.40% 6.61% 6.55% 6.81%
364 Day T-Bill 6.72% 6.68% 6.73% 7.02%
10 Year Gilt 6.85% 6.88% 6.88% 7.18%
G-Sec Vol. (Rs.Cr) 26265 27912 51841 39730
FBIL MIBOR 6.60% 6.55% 6.65% 6.85%
3 Month CP Rate 7.32% 7.25% 7.21% 7.05%
5 Year Corp Bond 7.42% 7.45% 7.45% 7.58%
1 Month CD Rate 7.13% 7.11% 6.90% 6.75%
3 Month CD Rate 7.28% 7.23% 7.16% 7.03%
1 Year CD Rate 7.66% 7.66% 7.60% 7.35%
Currency 09-Sep Prev_Day
Change
USD/INR 83.94 83.93 0.01
GBP/INR 110.09 110.63 -0.54
EURO/INR 92.90 93.31 -0.41
JPY/INR 0.59 0.59 0.00
Commodity 09-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 69.55 74.42 78.13 87.46
Brent Crude($/bl) 74.61 80.06 82.27 92.88
Gold( $/oz) 2505 2499 2431 1918
Gold(Rs./10 gm) 71059 71259 69236 58937
Source: Refinitiv
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
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10 September 2024
Derivative Statistics- Nifty Options
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• Nifty Sep 2024 Futures stood at 24,985.00, a premium of 48.60 points
above the spot closing of 24,936.40. The turnover on NSE’s Futures and
Options segment fell to Rs.6,725.92 crore on September 09, 2024,
compared with Rs.5,32,188.42 crore on September 06, 2024.
• The Put-Call ratio stood at 0.8 compared with the previous session’s close of
1.1.
• The Nifty Put-Call ratio stood at 0.96 compared with the previous session’s
close of 0.92.
• Open interest on Nifty Futures stood at 15.13 million, compared with the
previous session’s close of 15.7 million.
• Bond yields mostly remained steady followed recent U.S. data failed to
enhance expectations for significant rate cuts, while attention turned
towards two upcoming inflation reports.
• Yield on the 10-year benchmark paper (7.10% GS 2034) was unchanged to
close at 6.85% as compared to the previous day’s close.
• According to media reports, Indian Bank plans to raise Rs. 5,000 crore
through the sale of infrastructure bonds maturing in 10 years.
• According to media reports, Azure Power to prepay Green Bonds of $310
Million in Dec 2024. The refinancing, valued at approximately Rs. 2,400 crore,
is structured as an INR Term Loan underwritten solely by REC Limited.
• The Indian rupee in the spot trade fell against the U.S. dollar due to
weakness in other Asian peers.
• Euro fell against the U.S. dollar as investors looked ahead to U.S. inflation
data.
• Gold prices rose amid optimism that the U.S. Federal Reserve will declare a
reduction in interest rates following its policy meeting scheduled for next
week.
• Brent crude oil prices (spot) fell due to concerns over slowing U.S. and
Chinese demand and the possibility of increased oil supply from Libya.
• According to the National Bureau of Statistics, China's consumer price
inflation rose to a six-month high of 0.6% in Aug 2024 from 0.5% in Jul 2024.
But the rate fell short of the expected 0.7% rise. On a monthly basis,
consumer prices gained 0.4% in Aug 2024. Prices were expected to climb
0.5%, the same rate as seen in Jul 2024.
• According to the Cabinet Office, Japan's gross domestic product expanded a
seasonally adjusted 0.7% in the second quarter of 2024.
• According to a survey, eurozone’s investor confidence index fell to -15.4 in
Sep 2024 from -13.9 in Aug 2024. This was the third consecutive fall and
reached the lowest since Jan 2024.
Markets for You
