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| India Infoline Research Team / 08:43 , Sep 02, 2010 |
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Happy Janmashtami. The bull camp appears to have regained its winning ways just as the festive spirits are beginning to escalate here in India. The start promises to be good given the cheerful mood across the globe following encouraging reports on manufacturing output – first in China and then in the US. While people in India form human pyramids to reach a high-hanging pot of butter and break it, the bulls too will team up to help the Nifty break past 5500. |
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“Life is a festival only to the wise.” Ralph Waldo Emerson.
Happy Janmashtami. The bull camp appears to have regained its winning ways just as the festive spirits are beginning to escalate here in India. The start promises to be good given the cheerful mood across the globe following encouraging reports on manufacturing output – first in China and then in the US. While people in India form human pyramids to reach a high-hanging pot of butter and break it, the bulls too will team up to help the Nifty break past 5500.
The crucial thing to watch out for is whether the Nifty can sustain above 5500. Just recently it crossed 5500 but failed to extend its ascent. Bulls are of course hoping this time things might be different. But, the precarious and uncertain global situation could continue to play spoilsport every now and then.
All eyes are on Friday’s US monthly payroll data, which could swing the sentiment either ways, at least in the immediately short term.
| ADR/GDR |
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Latest (US$) |
Price % chg |
% Prem/Disc |
| Dr. Reddys |
29.2 |
1.3 |
(0.2) |
| HDFC Bk |
166.4 |
4.2 |
20.8 |
| ICICI Bk |
43.0 |
4.0 |
1.1 |
| ITC |
3.5 |
1.0 |
0.1 |
| Infosys |
59.7 |
4.2 |
0.7 |
| Satyam |
4.6 |
2.2 |
36.6 |
| Ranbaxy |
10.8 |
2.7 |
1.8 |
| Reliance |
40.5 |
3.5 |
1.2 |
| Wipro |
13.1 |
2.1 |
52.0 |
| SBI |
120.3 |
2.1 |
1.4 |
| Tata Motors |
21.9 |
2.3 |
1.4 |
| Sterlite |
13.8 |
6.8 |
311.6 |
| L&T |
39.3 |
1.9 |
0.2 |
| Indian market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Sensex |
18,206 |
1.3 |
8.7 |
4.2 |
| Nifty |
5,472 |
1.3 |
9.0 |
5.2 |
| BSE 100 |
2,335 |
1.4 |
9.6 |
7.1 |
| BSE 200 |
7,394 |
1.4 |
10.1 |
8.1 |
| CNX Midcap |
8,783 |
1.2 |
13.7 |
18.2 |
| BSE Smallcap |
9,713 |
1.8 |
13.9 |
16.2 |
| Developed market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Dow Jones |
10,269 |
2.5 |
0.2 |
(1.5) |
| Nasdaq |
2,177 |
3.0 |
(4.6) |
(4.1) |
| S&P 500 |
1,080 |
3.0 |
(1.6) |
(3.1) |
| FTSE |
5,366 |
2.7 |
4.2 |
(0.9) |
| CAC |
3,624 |
3.8 |
3.5 |
(7.9) |
| DAX |
6,084 |
2.7 |
1.7 |
2.1 |
| Hang Seng* |
20,885 |
1.3 |
7.3 |
(4.5) |
| Nikkei* |
9,036 |
1.2 |
(5.9) |
(14.3) |
| S&P/ASX200* |
4,531 |
0.8 |
3.4 |
(7.0) |
| * Markets are open |
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| Emerging market |
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% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Shanghai Comp |
2,646 |
0.9 |
2.9 |
(19.3) |
| Brazil Bovespa |
67,073 |
3.0 |
6.6 |
(2.2) |
| Mexico Bolsa |
32,339 |
2.1 |
3.0 |
0.7 |
| Kospi* |
1,771 |
0.4 |
8.6 |
5.3 |
| Micex |
1,395 |
1.9 |
4.0 |
1.8 |
| Taiwan* |
7,745 |
1.0 |
7.6 |
(5.4) |
| Straits* |
3,000 |
0.6 |
10.0 |
3.5 |
| * Markets are open |
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| Institutional activity |
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| (Rs cr) |
Cash |
F&O |
MTD |
YTD |
| FIIs |
538 |
1,348 |
10,647 |
58,549 |
| MFs |
(352) |
- |
(2,818) |
(15,168) |
| FIIs Prov. |
360 |
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|
| MFs Prov. |
169 |
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| Commodities |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Crude (US$/bbl) |
73.9 |
(0.1) |
1.4 |
(6.9) |
| Gold (US$/oz) |
1,247 |
0.2 |
1.9 |
13.6 |
| Copper (US$/mt) |
7,593 |
2.2 |
13.0 |
3.4 |
| Aluminium (US$/mt) |
2,085 |
2.1 |
6.4 |
(5.1) |
| Zinc (US$/mt) |
2,103 |
3.4 |
15.6 |
(16.8) |
| Advance/Decline stocks |
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| (Nos) |
A |
B |
S |
Total |
| Adv |
180 |
1,485 |
313 |
2,203 |
| Dec |
24 |
484 |
104 |
749 |
| Unch |
0 |
73 |
14 |
112 |
| A/D ratio (x)* |
7.5 |
3.1 |
3.0 |
2.9 |
| *A/D excluding Unch |
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| Trade value |
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| (Rs cr) |
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% chg |
| Cash NSE |
13,399 |
(5.0) |
| Cash BSE |
4,784 |
9.6 |
| Total Cash |
18,183 |
(1.5) |
| Delivery (%) |
- |
- |
| Derivatives |
- |
- |
| Currency |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Rs/US$ |
46.81 |
(0.6) |
0.7 |
(0.6) |
| Rs/EUR |
59.61 |
(0.4) |
(3.5) |
11.7 |
| US$/GBP |
1.54 |
(0.1) |
5.4 |
(4.5) |
| US$/EUR |
1.28 |
(0.1) |
4.4 |
(10.7) |
| Yen/US$ |
84.17 |
(0.3) |
9.5 |
10.5 |
| Bond market |
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Last Close (%) |
Bps chg |
| 10yr Gsec |
7.94 |
(0.01) |
| Call rate |
4.65 |
(0.45) |
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