Global Indices 02-Jul Prev_Day Abs. Change
Russell 3000 2,221 2,200 22 0.98
Nasdaq 14,639 14,522 117 0.81
FTSE 7,123 7,125 -2 -0.03
Nikkei 28,783 28,707 76 0.27
Hang Seng 28,310 28,828 -518 -1.80
Indian Indices 02-Jul Prev_Day Abs. Change
S&P BSE Sensex 52,485 52,319 166 0.32
Nifty 50 15,722 15,680 42 0.27
Nifty 100 15,957 15,928 29 0.18
Nifty 500 13,494 13,454 40 0.30
Nifty Bank 34,810 34,684 126 0.36
S&P BSE Power 2,681 2,716 -35 -1.29
S&P BSE Small Cap 25,567 25,313 255 1.01
S&P BSE HC 26,004 25,753 251 0.97
Date P/E Div. Yield P/E Div. Yield
2-Jul 31.82 1.04 28.33 1.23
Month Ago 31.15 0.87 28.88 1.06
Year Ago 23.68 1.08 27.63 1.52
Nifty 50 Top 3 Gainers
Company 02-Jul Prev_Day
Divi's Lab 4520 4436 1.89
ICICI Bank 640 631 1.49
RIL 2129 2098 1.48
Nifty 50 Top 3 Losers Domestic News
Company 02-Jul Prev_Day
Tata Steel 1136 1164 -2.37
Britannia Industries Limited 3545 3596 -1.40
JSW Steel 671 681 -1.36
Advance Decline Ratio
Advances 1873 1165
Declines 1349 804
Unchanged 126 60
Institutional Flows (Equity)
FII Flows* 59108
MF Flows** -19245
Jul 2021; **10
YoY(%) Current Year Ago
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
Since May-17, MOSPI has revised base year of IIP & WPI from 2004-05 to 2011-12, and for CPI from 2010
• Indian equity markets edged higher as gains in pharma and banking
counters, and select heavyweights lent support to the indices. While,
declining COVID-19 cases, easing of curbs and a surge in vaccinations have
helped the Nifty and Sensex hit record highs in recent times, the rapid
increase in delta variant of coronavirus cases globally is had hit both
international and domestic markets.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.32% and
0.27% to close at 52,484.67 and 15,722.20 respectively.
• The overall market breadth on BSE was strong with 1,873 scrips advancing
and 1,349 scrips declining. A total of 126 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Consumer Durables was the major
gainer, up 1.23% followed by S&P BSE Energy, up 1.04% and S&P BSE
Healthcare, up 0.97%. S&P BSE Power was the major loser, down 1.29%
followed by S&P BSE Metal, down 1.17% and S&P BSE Utilities, down 0.86%.
• According to the Reserve Bank of India (RBI) Governor, although the second
wave of the pandemic has slowed recovery, economic activity has increased
since May's end, thanks to the significant decline in Covid cases. The
governor stated in the prologue to the financial stability report (FSR) that
the impact of the Covid-19 epidemic on banks' balance sheets and
performance has been far less than anticipated.
• According to the Reserve Bank of India (RBI), soaring commodity prices,
new Covid variations, and spillover effects from international markets are
developing threats to economic recovery, but the financial system is sturdy
enough to deal with such jolts. The Indian financial services sector has
survived the Covid storm, and the impact of the lockdowns has been less
severe than expected, albeit the entire impact will only be understood as
regulatory forbearance is progressively lifted and normalcy resumes.
• The Reserve Bank of India announced that an interest subsidy scheme for
post-and pre-shipment export credit has been extended for another three
months, until Sep 2021, bringing comfort to exporters. The 'Interest
Equalisation Scheme for pre and post-shipment Rupee Export Credit'
provides the subsidy to exporters. Earlier in Apr 2021, the scheme was
extended till Jun 2021.
• According to the Commerce Minister, exports during quarter ended Jun
2021 rose to USD 95 billion due to healthy growth in sectors, including
engineering, rice, oil meals and marine products. The merchandise exports
were USD 82 billion during Apr-Jun quarter FY19 and USD 90 billion during
the last quarter of FY21
• Edelweiss Financial Services has stated that it will sell its 70% stake in
Edelweiss Gallagher Insurance Brokers Ltd for Rs. 307.60 crore, exiting the
insurance brokerage sector.
• As per media reports, NTPC Ltd plans to go public with its renewables
sector to help fund a clean energy expansion worth 2.5 trillion rupees ($34
• Asian markets witnessed a mixed trend with trading sentiment in the
region mostly hovered round the progress in virus fights and the likely pace
of normalization from a pandemic induced ultra-loose monetary policy.
Today (as on July 05), Asian markets opened on a lower note as oil prices
hovered about $76 ahead of another meeting between OPEC and its allies.
Both Nikkei and Hang Seng fell 0.60% and 0.35%, respectively (as at 8 a.m.
• European markets showed a mixed trend despite upbeat U.S. nonfarm
report for Jun 2021. Worries about rising cases of the delta variant of the
covid-19 and travel restrictions in several countries continued to weigh.
• U.S. markets rose after U.S. nonfarm payroll report for Jun 2021 came
better than market expectations. Meanwhile, the U.S. unemployment rate
surprisingly rose 5.9% in Jun 2021 from 5.8% in May 2021.