Global Indices
Global Indices 02-May Prev_Day Abs. Change
% Change
Russell 3000 2,573 2,541 33 1.28
Nasdaq 15,841 15,605 235 1.51
FTSE 8,172 8,121 51 0.63
Nikkei 38,236 38,274 -38 -0.10
Hang Seng 18,207 17,763 444 2.50
Indian Indices 02-May Prev_Day Abs. Change
% Change
S&P BSE Sensex 74,611 74,483 128 0.17
Nifty 50 22,648 22,605 43 0.19
Nifty 100 23,541 23,437 105 0.45
Nifty 500 21,084 20,997 86 0.41
Nifty Bank 49,231 49,397 -166 -0.34
S&P BSE Power 7,327 7,220 106 1.48
S&P BSE Small Cap 47,451 47,316 135 0.29
S&P BSE HC 35,517 35,406 111 0.31
Date P/E Div. Yield P/E Div. Yield
2-May 23.94 1.17 22.03 1.15
Month Ago 25.25 1.11 23.01 1.20
Year Ago 23.39 1.27 20.92 1.38
Nifty 50 Top 3 Gainers
Company 02-May Prev_Day
% Change
BPCL 635 607 4.49
Power Grid 314 302 3.89
Asian Paints 2975 2876 3.46
Nifty 50 Top 3 Losers Domestic News
Company 02-May Prev_Day
% Change
Kotak Bank 1576 1624 -2.97
United Phos 498 507 -1.76
Tata Beverages 1091 1108 -1.55
Advance Decline Ratio
BSE NSE
Advances 1867 1302
Declines 1967 1293
Unchanged 123 83
Institutional Flows (Equity)
Description (Cr)
YTD
FII Flows* 4073
MF Flows** 113025
*2
nd
May 2024; **29
th
Apr 2024
Economic Indicator
YoY(%) Current Year Ago
CPI
4.85%
(Mar-24)
5.66%
(Mar-23)
IIP
5.70%
(Feb-24)
6.00%
(Feb-23)
GDP
8.40%
(Dec-23)
4.30%
(Dec-22)
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
03 May 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
2.50%
(Nov-23)
8.10%
(Sep-23)
Quarter Ago
Inflow/Outflow
1382
1851
5.69%
(Dec-23)
• Indian equity markets closed with moderate gains as the underlying
sentiment was supported somewhat after the U.S. Federal Reserve
maintained interest rate with less hawkish-than-expected comments. Fall in
crude oil prices due to easing geopolitical tensions also contributed to the
gains.
• Key benchmark indices S&P BSE Sensex and Nifty 50 gained 0.17% and
0.19% to close at 74,611.11 and 22,648.20 respectively.
• The overall market breadth on BSE was weak with 1,867 scrips advancing
and 1,967 scrips declining. A total of 123 scrips remained unchanged.
• On the BSE sectoral front, S&P BSE Utilities was the major gainer, up 1.49%
followed by S&P BSE Power, up 1.47% and S&P BSE Oil & Gas, up 1.38%.
S&P BSE Bankex was the major loser, down 0.45% followed by S&P BSE
Telecommunication, down 0.23% and S&P BSE Teck, down 0.22%.
• The Manufacturing Purchasing Managers' Index eased slightly to 58.8 in
Apr 2024 compared to 59.1 in Mar 2024 bolstered by strong demand
conditions which resulted in a further expansion of output.
• According to the Ministry of Finance, gross goods and services tax hit a
record high in Apr 2024 at Rs. 2.10 lakh crore, representing a significant
12.4% YoY growth driven by a strong increase in domestic transactions and
imports.
• The Organization for Economic Co-operation and Development revised
India’s FY25 growth forecast upward to 6.6% from 6.2% projected earlier
citing strong investment and business confidence.
• According to media report, the government has bought over 196 lakh ton
of wheat so far in the ongoing 2024-25 marketing year, surpassing its
annual requirement of 186 lakh ton for all welfare schemes including the
National Food Security Act.
• Dabur India Ltd., announced that its consolidated net profit for the fiscal
year 2023–24 ended on Mar 31 was Rs 349.53 crore (Q4 FY24). Compared
to the Rs 300.83 crore recorded during the same period the previous year,
this represented a 16.2% increase. The company's revenue from operations
increased by 5.1% to Rs 2,814.64 crore from Rs 2,677.8 crore in the same
period last year.
• South Indian Bank revealed a 13.88% decrease in net profit for the Mar
quarter of 2024, amounting to Rs 287.56 crore. The private sector bank
reported a net profit for the 2022–2023 fiscal year of Rs 333.89 crore
during the months of Jan through Mar.
• Asian equity markets closed on a mixed note following mixed statements
regarding inflation and interest rate projections from the U.S. Federal
Reserve Chairman. The Japanese market fell on concerns regarding future
interest rate cuts. The Chinese market remained closed for the Labour Day
holidays. Today (as on May 03), Asian markets opened higher tracking Wall
Street gains ahead of key U.S. employment data. Nikkei closed due to
Constitution Day and Hang Seng rose by 1.85% (as at 8 a.m. IST).
• European equity markets fell as investors reacted to corporate earnings
updates, and the Federal Reserve announced changes to its monetary
policy, signaling that interest rates in the U.S. will stay higher for an
extended period of time.
• U.S. equity markets rose as investors appeared to exhale in relief after the
Federal Reserve's Wednesday statement on monetary policy. However,
recent comments made by the U.S. Fed Chair following the meeting appear
to have allayed investor’s fears that the Fed's next monetary policy action
would actually be an interest rate hike rather than a decrease.
Markets for You
FII Derivative Trade Statistics
02-May
(Rs Cr) Buy
Sell Open Int.
Index Futures 7834.62 3713.81 24834.65
Index Options 5081526.34 5019298.53 299118.67
Stock Futures 39705.07 32838.72 276485.20
Stock Options 29661.53 29733.00 17824.55
Total 5158727.56 5085584.06 618263.07
02-May Prev_Day
Change
Put Call Ratio (OI) 1.14 1.06 0.08
Put Call Ratio(Vol) 1.11 0.95 0.17
02-May Wk. Ago Mth. Ago
Year Ago
Call Rate 6.53% 6.70% 6.44% 6.58%
T-Repo 6.41% 6.70% 6.41% 6.62%
Repo 6.50% 6.50% 6.50% 6.50%
Reverse Repo 3.35% 3.35% 3.35% 3.35%
91 Day T-Bill 7.01% 6.95% 6.82% 6.81%
364 Day T-Bill 7.03% 7.01% 6.98% 6.98%
10 Year Gilt 7.16% 7.21% 7.12% 7.09%
G-Sec Vol. (Rs.Cr) 52988 37078 30487 50172
FBIL MIBOR 6.63% 6.80% 6.54% 6.65%
3 Month CP Rate 7.31% 7.25% 7.50% 7.20%
5 Year Corp Bond 7.73% 7.77% 7.69% 7.43%
1 Month CD Rate 7.09% 7.00% 7.20% 6.95%
3 Month CD Rate 7.24% 7.20% 7.66% 7.11%
1 Year CD Rate 7.49% 7.46% 7.47% 7.48%
Currency 02-May Prev_Day
Change
USD/INR 83.45 83.52 -0.07
GBP/INR 104.59 104.64 -0.06
EURO/INR 89.48 89.34 0.14
JPY/INR 0.54 0.53 0.00
Commodity 02-May Wk Ago Mth. Ago
Year Ago
NYMEX Crude($/bl) 80.39 84.67 85.75 71.66
Brent Crude($/bl) 85.91 89.24 86.98 78.58
Gold( $/oz) 2303 2332 2280 2016
Gold(Rs./10 gm) 70997 71794 68807 60108
Source: Refinitiv
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
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03 May 2024
Derivative Statistics- Nifty Options
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material.
• Nifty May 2024 Futures stood at 22,773.95, a premium of 125.75 points
above the spot closing of 22,648.20. The turnover on NSE’s Futures and
Options segment fell to Rs.10,761.46 crore on May 02, 2024, compared
with Rs. 4,06,493.17 crore on April 30, 2024.
• The Put-Call ratio stood at 1.09 compared with the previous session’s close
of 0.96.
• The Nifty Put-Call ratio stood at 1.14 compared with the previous session’s
close of 1.11.
• Open interest on Nifty Futures stood at 12.23 million, compared with the
previous session’s close of 11.93 million.
• Bond yields fell in tandem with the U.S. Treasury yields after the U.S. Federal
Reserve maintained interest rates as expected but sounded less hawkish
than anticipated.
• Yield on the 10-year benchmark paper (7.18% GS 2033) fell by 3 bps to close
at 7.16% as compared to the previous close of 7.19%.
• Reserve Bank of India conducted the auction of 91 days, 182 days and 364
days Treasury Bills for an aggregate amount of Rs. 27,000 crore for which
the full amount was accepted, and the cut-off rate stood at Rs. 98.2854
(YTM: 6.9972%), Rs. 96.6090 (YTM: 7.0393%) and Rs. 93.4053 (YTM:
7.0797%), respectively.
• The Indian rupee in the spot trade fell against the U.S. dollar due to strong
greenback demand.
• Euro rose against the U.S. dollar despite the focus returning to chances of
U.S. interest rates staying higher for longer.
• Gold prices fell as attention shifted back to the possibility that U.S. interest
rates may remain higher for longer.
• Brent crude oil prices (spot) rose after falling the previous two sessions amid
the ongoing efforts to reach a cease-fire agreement between Israel and
Hamas.
• According to the Commerce Department, U.S. construction spending dipped
by 0.2% to an annual rate of $2.084 trillion in Mar 2024, while economists
had expected construction spending to rise by 0.3%.
• The U.S. Federal Reserve decided to maintain the target range for the
federal funds rate at 5.25 to 5.50% in support of its dual goals of maximum
employment and inflation at the rate of 2% over the longer run. Members of
the Fed also reiterated they need "greater confidence" inflation is moving
sustainably toward 2% before they consider cutting interest rates.
• According to the Cabinet Office, Japan’s consumer confidence index
dropped to 38.3 in Apr 2024 from 39.5 in Mar 2024. Meanwhile, economists
had forecast the index to rise to 39.7.
Markets for You
