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India Infoline Research Team / 08:47 , Feb 10, 2012
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“The serenity of mind, gentleness, silence, self-restraint, and the purity of mind are called the austerity of thought.”
- Bhagavad Gita
After a lot of wrangling, Greek political parties have reached a deal on new austerity measures necessary to secure international aid and avert a default. But, the Greek parliament needs to ratify the economic reforms. The news was confirmed by ECB President Mario Draghi, who left interest rates unchanged. Investors will continue to keep close tabs on events out of the euro area (Greece in particular).
The Bank of England kept rates steady but expanded the size of its QE program. The US labour market conditions continue to improve ever so slightly. The opening today will be lower as Asian markets are mostly in the red. US stocks closed with slender gains as did their European counterparts.
December IIP print is seen between 2.5% to 3.5%. This is slower than November’s reading of 5.9%. However, the markets may not get swayed much as the IIP data generally has been quite erratic. Globally, equities have got off to a strong start in 2012. So, don’t be surprised if market players turn a little hesitant in pushing stocks much higher.
ADR/GDR
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Latest (US$)
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Price % chg
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% Prem/Disc
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Dr. Reddys
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32.7
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(0.1)
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(1.1)
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HDFC Bk
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33.9
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1.2
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6.9
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ICICI Bk
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37.9
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0.5
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(0.2)
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ITC
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4.1
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(1.5)
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(0.5)
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Infosys
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56.3
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1.0
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(0.8)
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Ranbaxy
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9.3
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(0.6)
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1.8
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Reliance
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34.7
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(1.3)
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0.7
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Wipro
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11.3
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1.3
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25.8
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SBI
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87.5
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0.6
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(0.8)
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Tata Motors
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26.3
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3.4
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1.0
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Sterlite
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10.4
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3.5
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(0.7)
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L&T
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27.3
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(2.1)
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(0.3)
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Indian market
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% change
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Last close
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1 day
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3 mth
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YTD
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Sensex
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17,831
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0.7
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2.7
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15.4
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Nifty
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5,412
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1.4
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3.7
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17.0
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BSE 100
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2,190
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0.9
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3.3
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18.3
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BSE 200
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6,847
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0.9
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2.9
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18.5
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CNX Midcap
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7,534
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2.4
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4.4
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23.3
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BSE Smallcap
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6,892
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1.2
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0.3
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24.2
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Developed market
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% change
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Last close
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1 day
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3 mth
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YTD
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Dow Jones
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12,890
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0.1
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8.4
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5.5
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Nasdaq
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2,927
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0.4
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11.5
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12.4
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S&P 500
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1,352
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0.1
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9.1
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7.5
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FTSE
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5,895
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0.3
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8.3
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5.8
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CAC
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3,425
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0.4
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11.7
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8.4
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DAX
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6,789
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0.6
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15.7
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15.1
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Hang Seng*
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20,931
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(0.4)
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10.4
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13.5
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Nikkei*
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8,973
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(0.3)
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5.6
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6.1
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S&P/ASX200*
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4,260
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(0.5)
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0.4
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5.0
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* Markets are open
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Emerging market
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% change
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Last close
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1 day
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3 mth
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YTD
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Shanghai Comp
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2,346
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(0.2)
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(5.4)
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6.7
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Brazil Bovespa
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65,530
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(0.5)
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14.3
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15.5
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Mexico Bolsa
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38,242
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0.3
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4.4
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3.1
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Kospi*
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1,997
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(0.9)
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10.1
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9.4
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Micex
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1,542
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(0.9)
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4.8
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9.9
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Taiwan*
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7,876
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(0.4)
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7.8
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11.4
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Straits*
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2,985
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0.1
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7.1
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12.8
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* Markets are open
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Institutional activity
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(Rs cr)
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Cash
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F&O
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MTD
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YTD
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FIIs
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451
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(97)
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7,449
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14,810
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MFs
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(281)
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-
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(479)
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4,139
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FIIs Prov.
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1,201
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MFs Prov.
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(1,038)
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Commodities
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% change
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Last close
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1 day
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3 mth
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YTD
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Crude (US$/bbl)
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99.5
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(0.3)
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1.8
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0.7
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Gold (US$/oz)
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1,733
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0.2
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(1.5)
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10.8
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Copper (US$/mt)
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8,738
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2.1
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14.8
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15.1
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Aluminium (US$/mt)
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2,252
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1.7
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6.9
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12.9
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Zinc (US$/mt)
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2,148
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2.3
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11.5
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17.6
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Advance/Decline stocks
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(Nos)
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A
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B
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S
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Total
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Adv
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144
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1,288
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396
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1,828
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Dec
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58
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741
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255
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1,057
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Unch
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2
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80
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43
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125
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A/D ratio (x)*
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2.5
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1.7
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1.6
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1.7
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*A/D excluding Unch
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Trade value
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(Rs cr)
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% chg
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Cash NSE
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15,684
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(8.4)
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Cash BSE
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3,267
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(4.3)
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Total Cash
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18,950
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(7.7)
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Delivery (%)
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37.7
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-
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Derivatives
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112,219
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(8.0)
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Currency
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% change
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Last close
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1 day
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3 mth
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YTD
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Rs/US$
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49.51
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0.7
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1.4
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7.2
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Rs/EUR
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65.73
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0.8
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4.1
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4.6
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US$/GBP
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1.58
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(0.1)
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(0.8)
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1.7
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US$/EUR
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1.33
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(0.1)
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(2.4)
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2.4
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Yen/US$
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77.62
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(0.1)
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0.0
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(0.9)
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Bond market
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Last Close (%)
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Bps chg
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10yr Gsec
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8.26
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0.00
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Call rate
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8.70
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(0.05)
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