Global Indices
Global Indices 26-Sep Prev_Day Abs. Change
% Change
Russell 3000 2,964 2,958 6 0.22
Nasdaq 18,190 18,082 108 0.60
FTSE 8,285 8,269 16 0.20
Nikkei 38,926 37,870 1,055 2.79
Hang Seng 19,925 19,129 795 4.16
Indian Indices 26-Sep Prev_Day Abs. Change
% Change
BSE Sensex 85,836 85,170 666 0.78
Nifty 50 26,216 26,004 212 0.81
Nifty 100 27,256 27,052 205 0.76
Nifty 500 24,497 24,371 126 0.52
Nifty Bank 54,375 54,102 274 0.51
BSE Power 8,744 8,768 -24 -0.27
BSE Small Cap 57,052 57,276 -224 -0.39
BSE HC 44,128 44,168 -40 -0.09
Date P/E Div. Yield P/E Div. Yield
26-Sep 25.20 1.06 24.38 1.16
Month Ago 23.95 1.12 23.24 1.22
Year Ago 24.11 1.24 22.21 1.37
Nifty 50 Top 3 Gainers
Company 26-Sep Prev_Day
% Change
Maruti 13384 12785 4.68
Grasim Indus 2746 2662 3.15
Tata Motors 993 964 3.07
Nifty 50 Top 3 Losers Domestic News
Company 26-Sep Prev_Day
% Change
Cipla 1622 1643 -1.30
ONGC 295 299 -1.17
L&T Ltd. 3762 3794 -0.84
Advance Decline Ratio
BSE NSE
Advances 1643 1157
Declines 2343 1606
Unchanged 96 46
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 91707
MF Flows** 263120
*26
th
Sep 2024; **24
th
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.
27 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
4267
-637
4.80%
(May-24)
• Indian equity markets continued its record-breaking run, with its key
benchmark indices closed near new all-time high with healthy gains. The
influx of retail investors, the robustness of India's economic expansion, and
increasing optimism regarding the possible initiation of a rate-cutting cycle
have propelled the market upward. Sentiment was boosted following
China's recent economic stimulus announcement, resulting in significant
positive momentum, especially in the metal sector. Gains were extended
following a sharp drop in global crude oil prices after reports emerged that
the OPEC member Saudi Arabia was prepared to pump more oil to regain
market share.
• Key benchmark indices BSE SENSEX and Nifty 50 gained 0.78% and 0.81%
to close at 85,836.12 and 26,216.05 respectively.
• The overall market breadth on BSE was weak with 1,686 scrips advancing
and 2,293 scrips declining. A total of 103 scrips remained unchanged.
• On the BSE sectoral front, Auto was the major gainer, up 2.23% followed
by Metal, up 2.08% and Commodities, up 1.32%. Consumer Durables was
the major loser, down 0.89% followed by Capital Goods, down 0.65% and
Industrials, down 0.55%.
• According to finance minister, India's external debt-to-GDP ratio stood at
18.7%, with a debt service ratio of 6.7% and a foreign exchange reserves-
to-external debt ratio of 97.4%. The finance minister also emphasized that
India's external debt is sustainable and well-managed, showcasing the
nation's robust standing in comparison to numerous middle-income
countries.
• India's production-linked incentive scheme has drawn more than $17 billion
in investments since its launch in 2020, enhancing domestic manufacturing
in 14 sectors.
• The Insolvency and Bankruptcy Board of India has made changes to the
Insolvency Resolution Process for Corporate Persons w.e.f. Sep 24, 2024.
One of these modifications is the appointment of a temporary
representative for sizable creditor groups, such as homebuyers, in order to
guarantee their efficient representation throughout the insolvency
process. This seeks to improve the bankruptcy process's equity and
efficiency.
• The central government has retained its gross market borrowing target of
Rs. 14.01 lakh crore budgeted for FY25 and planned to raise Rs. 6.61 lakh
crore through auction of dated securities during Oct to Mar period of this
fiscal to fund the revenue gap to boost economic growth.
• Tata Electronics has finalised an agreement with Taiwan's Powerchip
Semiconductor Manufacturing Corporation to establish India's first AI-
enabled semiconductor factory in Gujarat. This facility is set to manufacture
up to 50,000 wafers monthly, generating more than 20,000 jobs and
meeting the increasing demand for chips across multiple sectors, including
AI and automotive.
• Biocon Ltd announced that it has signed a licensing and supply agreement
with Tabuk Pharmaceutical Manufacturing Company to market its 'GLP-1'
products aimed at treating diabetes and managing chronic weight in
certain Middle Eastern countries. According to the agreement, Biocon will
handle the development and manufacturing of the products, while Tabuk
Pharmaceuticals, part of Astra Industrial Group, will manage marketing
authorization, registration, import, and promotion in the region, as stated
in a regulatory filing by Biocon.
• Asian equity markets rose as a memory chip manufacturer from the U.S.
projected first-quarter revenue that exceeded expectations. Investor
sentiment was further bolstered following the Organization for Economic
Co-operation and Development (OECD) raising its global economic growth
forecast for 2024 and indicating an expectation of additional U.S. Federal
Reserve rate cuts in the coming year. Today (as on September 27), Asian
markets opened higher tracking gains on Wall Street overnight. Both Nikkei
and Hang Seng rose by 0.64% and 2.45% (as at 8 a.m. IST).
• European equity markets rose amid optimism the Chinese government is
set to unveil additional stimulus measures to help spur growth in the
nation's economy, alongside expectations that the U.S. Federal Reserve will
further reduce interest rates in the upcoming months.
• U.S. equity markets rose as strength in the tech sector following a
chipmaker company from the U.S. that reported strong sales driven by AI
demand. Stocks experienced a positive impact from the publication of
encouraging U.S. economic data, as a report from the Labor Department
indicated that initial claims for unemployment benefits in the U.S.
unexpectedly declined during the week ended 21st Sep, 2024.
Markets for You
FII Derivative Trade Statistics
26-Sep
(Rs Cr) Buy
Sell Open Int.
Index Futures 9720.15 10400.12 46282.67
Index Options 3379122.19 3436000.63 509581.90
Stock Futures 105328.92 108380.99 348970.73
Stock Options 41096.13 39264.37 61967.42
Total 3535267.39 3594046.11 966802.72
26-Sep Prev_Day
Change
Put Call Ratio (OI) 1.32 1.33 0.00
Put Call Ratio(Vol) 1.03 1.01 0.02
26-Sep Wk. Ago Mth. Ago
Year Ago
Call Rate 6.54% 6.65% 6.52% 6.73%
T-Repo 6.43% 6.46% 6.32% 6.76%
Repo 6.50% 6.50% 6.50% 6.50%
Reverse Repo 3.35% 3.35% 3.35% 3.35%
91 Day T-Bill 6.40% 6.53% 6.62% 6.83%
364 Day T-Bill 6.52% 6.55% 6.70% 7.02%
10 Year Gilt 6.72% 6.76% 6.85% 7.14%
G-Sec Vol. (Rs.Cr) 121413 116392 51972 49634
FBIL MIBOR 6.65% 6.74% 6.60% 6.82%
3 Month CP Rate 7.30% 7.31% 7.23% 7.08%
5 Year Corp Bond 7.34% 7.34% 7.41% 7.54%
1 Month CD Rate 7.17% 7.24% 6.96% 7.15%
3 Month CD Rate 7.30% 7.27% 7.23% 7.11%
1 Year CD Rate 7.62% 7.64% 7.60% 7.55%
Currency 26-Sep Prev_Day
Change
USD/INR 83.70 83.55 0.15
GBP/INR 111.70 111.98 -0.28
EURO/INR 93.32 93.49 -0.17
JPY/INR 0.58 0.58 0.00
Commodity 26-Sep Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 68.18 72.76 78.30 91.23
Brent Crude($/bl) 74.00 78.17 82.52 95.01
Gold( $/oz) 2670 2586 2517 1900
Gold(Rs./10 gm) 75402 73282 71096 58702
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
27 September 2024
Derivative Statistics- Nifty Options
Disclaimer:
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material.
• Nifty Sep 2024 Futures settled at spot closing of 26,216.05. Nifty Oct 2024
Futures stood at 26,402.35, a premium of 186.3 points, above the spot
closing. The turnover on NSE’s Futures and Options segment fell to
Rs.9,465.45 crore on September 26, 2024, compared with Rs.7,39,777.68
crore on September 25, 2024.
• The Put-Call ratio stood at 1 compared with the previous session’s close of
0.91.
• The Nifty Put-Call ratio stood at 1.32 compared with the previous session’s
close of 1.33.
• Open interest on Nifty Futures stood at 21.82 million, compared with the
previous session’s close of 19.02 million.
• Bond yields fell as market participants expected a reduction in the
government's borrowing plan for the Oct to Mar period of FY25.
• Yield on the 10-year benchmark paper (7.10% GS 2034) fell by 2 bps to close
at 6.72% as compared to the previous close of 6.74%.
• Reserve Bank of India announced the auction of 91 days, 182 days and 364
days Treasury Bills for an aggregate amount of Rs. 19,000 crore. The auction
would be carried out on Oct 03, 2024.
• According to media reports, Rural Electrification Corporation Ltd. is planning
to raise up to Rs. 5,000 crore, through zero-coupon bonds maturing in 10
years and 1 month.
• The Indian rupee in the spot trade fell against the U.S. dollar despite rise in
other Asian peers.
• Euro rose against the U.S. dollar as investors hoped for more interest rate
cuts from the U.S. Federal Reserve.
• Gold prices rose marginally as investors continued to bet on further
reductions in interest rates from the U.S.
• Brent crude oil prices (spot) fell on concerns about excess supply in the
market.
• According to the Labor Department, U.S. initial jobless claims slipped to
218,000 in the week ended 21st Sep 2024, a decrease of 4,000 from the
previous week's revised level of 222,000.
• According to the Commerce Department, U.S. durable goods orders came in
flat in Aug 2024 after soaring by 9.9% in Jul 2024. Economists had expected
durable goods orders to tumble by 2.6%.
• According to the Census and Statistics Department, Hong Kong's trade
deficit rose to HK$33.1 billion in Aug 2024 from HK$25.92 billion in the same
month last year.
• According to the Economic Development Board, Singapore's industrial
production grew 21.0% YoY in Aug 2024, following a 2.0% rebound in Jul
2024. Economists had expected a 9.6% growth.
Markets for You
