Sectoral Indices

Name Value Change %
BSE 100 9,099.62 17.5 0.2
BSE 200 2,155.27 2.4 0.1
BSE 500 6,784.20 6.2 0.1
BSE CD 4,134.22 8.0 0.2
BSE CG 13,869.64 [21.5] [0.2]
BSE FMCG 2,824.73 22.8 0.8
BSE H 5,056.08 [16.9] [0.3]

Market Analysis

Uninteresting...a year later!

India Infoline Research Team / 08:50 , Mar 10, 2010

Modern calendars mar the sweet simplicity of our lives by reminding us that each day that passes is the anniversary of some perfectly uninteresting event.


It's been a year since the market has bid farewell it its lows. Meanwhile, the Sensex has galloped by over 100% in a year; albeit with a couple of corrections. The story ahead doesn't appear as promising as yet. For the day, we don’t expect any broad movement as the sentiment has softened a bit. Global markets are also insipid to say the least. Given this backdrop, we expect a flat to slightly positive start and another anemic session. Select stock specific action may of course continue to hog limelight.


Technically, the NSE Nifty faces resistance at 5200 while support is likely to kick in at 5000. A break beyond this range is not expected anytime soon. Much will hinge on global cues and fund flows; also don’t forget local data points like IIP and inflation.


Meanwhile, in Parliament, it has taken 14 long years for India to pass the Women’s Reservation Bill in Rajya Sabha. The Bill is yet to be cleared by the Lok Sabha.


ADR/GDR
 
 
 
 
Latest (US$)
Price % chg
% Prem/Disc
Dr. Reddys
25.9
0.0
1.1
HDFC Bk
127.0
0.1
6.6
ICICI Bk
40.9
0.2
0.8
ITC
5.5
(0.2)
(0.0)
Infosys
59.5
(0.7)
1.1
Satyam
5.4
(5.1)
25.6
Ranbaxy
9.9
(2.9)
(0.4)
Reliance
43.5
(1.8)
0.2
Wipro
22.9
0.3
49.1
SBI
91.1
(1.7)
1.7
Tata Motors
18.5
2.6
8.6
Sterlite
17.6
(2.3)
(0.3)
L&T
35.0
(0.6)
0.5

Indian market
 
% change
 
Last close
1 day
3 mth
YTD
Sensex
17,053
(0.3)
(0.4)
(2.4)
Nifty
5,102
(0.4)
(0.2)
(1.9)
BSE 100
2,153
(0.6)
0.3
(1.3)
BSE 200
6,778
(0.6)
0.8
(0.9)
CNX Midcap
7,564
(0.6)
3.1
1.8
BSE Smallcap
8,531
(0.7)
7.2
2.1
Developed market
 
% change
 
Last close
1 day
3 mth
YTD
Dow Jones
10,564
0.1
2.2
1.3
Nasdaq
2,341
0.4
7.2
3.2
S&P 500
1,140
0.2
4.1
2.3
FTSE
5,602
(0.1)
7.7
3.5
CAC
3,910
0.2
4.1
(0.7)
DAX
5,886
0.2
4.2
(1.2)
Hang Seng*
21,194
(0.1)
(2.3)
(3.1)
Nikkei*
10,559
(0.1)
7.1
0.1
S&P/ASX200*
4,812
(0.2)
4.5
(1.2)
* Markets are open




Emerging market
 
% change
 
Last close
1 day
3 mth
YTD
Shanghai Comp
3,080
0.4
(5.3)
(6.0)
Brazil Bovespa
69,576
1.5
2.3
1.4
Mexico Bolsa
32,514
(0.0)
2.7
1.2
Kospi*
1,658
(0.1)
0.3
(1.4)
Micex
1,413
(0.1)
7.7
3.1
Taiwan*
7,761
(0.1)
1.1
(5.2)
Straits*
2,858
0.6
2.7
(1.4)
* Markets are open




Institutional activity
 
(Rs cr)
Cash
F&O
MTD
YTD
FIIs
2,259
(282)
10,717
8,357
MFs
(201)
-
(1,382)
(3,205)
FIIs Prov.
2,173
 
 
 
MFs Prov.
(172)
 
 
 
Commodities
 
% change
 
Last close
1 day
3 mth
YTD
Crude (US$/bbl)
81.2
(0.3)
15.2
2.4
Gold (US$/oz)
1,122
0.0
(0.8)
2.3
Copper (US$/mt)
7,475
0.5
8.3
1.8
Aluminium (US$/mt)
2,228
1.2
2.4
1.4
Zinc (US$/mt)
2,346
0.2
3.0
(7.2)
Advance/Decline stocks
 
 
 
 
(Nos)
A
B
S
Total
Adv
50
634
176
1,043
Dec
154
1,206
257
1,780
Unch
0
44
9
64
A/D ratio (x)*
0.3
0.5
0.7
0.6
*A/D excluding Unch




Trade value
 
 
(Rs cr)
 
% chg
Cash NSE
13,109
(13.7)
Cash BSE
7,230
49.0
Total Cash
20,339
1.4
Delivery (%)
41.8
-
Derivatives
52,434
(12.1)
Currency
 
% change
 
Last close
1 day
3 mth
YTD
Rs/US$
45.64
0.2
2.0
2.0
Rs/EUR
61.79
(0.3)
11.3
7.8
US$/GBP
1.50
(0.2)
(8.1)
(7.4)
US$/EUR
1.36
(0.0)
(7.7)
(5.1)
Yen/US$
90.02
0.1
(2.0)
3.3
Bond market
 
 
 
Last Close (%)
Bps chg
10yr Gsec
7.98
(0.02)
Call rate
3.15
(0.15)


Archives


chatDiscuss
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Infra bonds
By rutuja, March 10, 2010 10:58
do you think its a good investment decision to put your money into such bonds and block it for 3yrs at a stretch? How profi is it for an individual investor to avoid investing in other instruments but in these bonds?
Reply Rate The Message Abuse ?
 
Tata Steel
By desh, March 09, 2010 10:12
hold tata steel with view of 650 by april.
Reply Rate The Message Abuse ?
 
Infra bonds
By Munna, March 09, 2010 10:12
Min. 10yrs bye
Reply Rate The Message Abuse ?
 
Infra bonds
By desh, March 09, 2010 10:06
probably 3 yrs lock in period. REC likely to be inclded for infrastructural bond.
Reply Rate The Message Abuse ?
 
Infra bonds
By neeta, March 09, 2010 09:41
should we invest in infra bonds for tax saving? does anyone has clue about the lock in period of this kind of investment?
Reply Rate The Message Abuse ?
 
 
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