Global Indices
Global Indices 25-Sep Prev_Day Abs. Change
% Change
Russell 3000 2,958 2,956 3 0.08
Nasdaq 18,082 18,075 8 0.04
FTSE 8,269 8,283 -14 -0.17
Nikkei 37,870 37,941 -70 -0.19
Hang Seng 19,129 19,001 129 0.68
Indian Indices 25-Sep Prev_Day Abs. Change
% Change
BSE Sensex 85,170 84,914 256 0.30
Nifty 50 26,004 25,940 64 0.25
Nifty 100 27,052 27,028 24 0.09
Nifty 500 24,371 24,390 -18 -0.08
Nifty Bank 54,102 53,969 133 0.25
BSE Power 8,768 8,692 76 0.87
BSE Small Cap 57,276 57,476 -200 -0.35
BSE HC 44,168 44,232 -64 -0.14
Date P/E Div. Yield P/E Div. Yield
25-Sep 25.00 1.07 24.18 1.17
Month Ago 23.78 1.13 23.06 1.23
Year Ago 24.17 1.24 22.22 1.37
Nifty 50 Top 3 Gainers
Company 25-Sep Prev_Day
% Change
Power Grid 364 350 3.91
Axis Bank 1268 1240 2.30
NTPC 436 428 1.87
Nifty 50 Top 3 Losers Domestic News
Company 25-Sep Prev_Day
% Change
Tech Mahindra 1603 1637 -2.10
Tata Beverages 1190 1212 -1.82
Tata Motors 964 977 -1.40
Advance Decline Ratio
BSE NSE
Advances 1661 1131
Declines 2305 1637
Unchanged 100 53
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 92344
MF Flows** 258853
*25
th
Sep 2024; **23
rd
Sep 2024
Economic Indicator
YoY(%) Current Year Ago
CPI
3.65%
(Aug-24)
6.83%
(Aug-23)
IIP
4.80%
(Jul-24)
6.20%
(Jul-23)
GDP
6.70%
(Jun-24)
8.20%
(Jun-23)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
26 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
5.20%
(Apr-24)
7.80%
(Mar-24)
Quarter Ago
Inflow/Outflow
2000
-1454
4.80%
(May-24)
• Indian equity markets rebounded from the day's lows and closed at record
highs. After witnessing a range-bound trading session throughout the day,
the key benchmark indices closed near fresh highs, recovering at the fag
end of trade from intraday lows, led by power and banking sectors.
Sentiment was boosted following weak U.S. data overnight that bolstered
the case for deeper rate cuts by the Federal Reserve in the next meeting,
which is due in Nov 2024.
• Key benchmark indices BSE SENSEX and Nifty 50 gained 0.3% and 0.25% to
close at 85,169.87 and 26,004.15 respectively.
• The overall market breadth on BSE was weak with 1,661 scrips advancing
and 2,305 scrips declining. A total of 99 scrips remained unchanged.
• On the BSE sectoral front, Utilities was the major gainer, up 0.99% followed
by Power, up 0.87% and Realty, up 0.71%. Consumer Durables was the
major loser, down 0.67% followed by Information Technology, down 0.59%
and Fast Moving Consumer Goods, down 0.47%.
• According to the governor of the RBI, coordination between the RBI and
the government has effectively managed inflation while promoting
economic growth. During the pandemic, their joint monetary and fiscal
strategies resulted in improved results. The RBI's priorities have shifted
from just maintaining price stability to also ensuring ongoing growth and
financial stability.
• The Asian Development Bank has kept India's growth prediction at 7% for
FY25, pointing to better farm production and increased government
spending.
• According to the commerce and industry minister, India's manufacturing
growth is driven by its own strengths, rather than a China Plus One
approach. The Make in India program focuses on enhancing local
manufacturing and generating employment. Strategic reforms have
facilitated a more favourable business environment, attracting significant
foreign investment and establishing India as a key player on the global
stage.
• According to the final estimate of foodgrain production released by the
ministry of agriculture, the total foodgrain production in the country during
2023-24 is estimated at record 332.298 MT which is higher by 2.611 MT
than the production of food grains of 329.687 MT during 2022-23. Despite
drought-like conditions and erratic rainfall due to El Nino, rice and wheat
production also reached new highs.
• Adani Green Energy and Adani Energy Solutions have become members of
the Utilities for Net Zero Alliance. UNEZA, was formed during COP28
following the endorsement of the UAE Declaration of Action. It brings
together prominent global utilities and energy firms to lead the creation of
grids that are equipped for renewable energy, fostering clean energy
initiatives and enhancing electrification efforts.
• Vedanta Ltd announced that its board is scheduled to convene on Oct 8,
2024, to evaluate and potentially approve the fourth interim dividend for
the FY25. The company stated in an exchange filing that the record date to
establish the eligibility of equity shareholders for the fourth dividend, if
approved, will be set for Oct 16, 2024.

https://mf.nipponindiaim.com

• Asian equity markets closed on a mixed note. The Chinese and Hong Kong
markets rose following interest-rate cuts and new measures from the
country's central bank. Japanese markets experienced a minor decline in
volatile trading conditions, as the Japanese yen remained stable from the
recent decline. This movement occurred amid indications that the Bank of
Japan is not in a rush to implement further interest rate increases. Today
(as on September 26), Asian markets opened higher, tracking as markets in
the region rebounded. Both Nikkei and Hang Seng rose by 2.10% and
0.88% (as at 8 a.m. IST).
• European equity markets mostly fell as investors shifted their attention
away from the recent stimulus announcements made by the Chinese
central bank, instead concentrating on regional economic data and awaited
some crucial economic reports from the U.S. for directional clues.
• U.S. equity markets closed on a mixed note as investors are exhibiting a
degree of uncertainty regarding the short-term market outlook after a
recent surge. Investors are actively seeking the next significant catalyst for
the markets following the U.S. Federal Reserve's decision to initiate a
reduction in interest rates last week.
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