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| India Infoline Research Team / 08:42 , Jul 29, 2010 |
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Conviction is worthless unless it is converted into conduct. - Thomas Carlyle |
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Conviction is worthless unless it is converted into conduct. - Thomas Carlyle
It’s may be curtains down for the famous bull fight in Catalonia, Spain but, on the bourses, the fight between the bulls and bears will continue. Recent behaviour on the street suggests both camps lack conviction. The ferocity of the bulls is nowhere in sight except occasionally on some side counters.
We expect a sluggish start and a choppy session in view of the F&O expiry. The finish will hinge on F&O adjustments, few earnings and more importantly global cues. Action will continue in select non-index counters.
RIL results have been a little disappointing and may continue to pressure the overall sentiment. Results will continue to pour in over the next few days and will have a role in shaping the market’s direction. What is also slightly worrisome is the drop in core sector growth.
US stocks fell on the Fed’s latest assessment of the US economy and a dour report on durable goods orders. Stocks also fell in Europe. China is the only market holding in the green in Asia.
| ADR/GDR |
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| |
Latest (US$) |
Price % chg |
% Prem/Disc |
| Dr. Reddys |
28.3 |
0.9 |
(0.7) |
| HDFC Bk |
158.7 |
1.0 |
18.6 |
| ICICI Bk |
38.4 |
(2.3) |
(1.3) |
| ITC |
6.6 |
0.7 |
(0.0) |
| Infosys |
60.4 |
(0.6) |
(0.2) |
| Satyam |
5.2 |
1.0 |
35.3 |
| Ranbaxy |
9.6 |
1.1 |
0.9 |
| Reliance |
43.8 |
(3.3) |
0.3 |
| Wipro |
13.3 |
(1.0) |
50.1 |
| SBI |
105.0 |
1.0 |
(0.7) |
| Tata Motors |
19.2 |
1.4 |
5.3 |
| Sterlite |
15.1 |
(0.4) |
300.1 |
| L&T |
38.9 |
(2.6) |
(0.1) |
| Indian market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Sensex |
17,957 |
(0.7) |
2.6 |
2.8 |
| Nifty |
5,398 |
(0.6) |
2.7 |
3.8 |
| BSE 100 |
2,287 |
(0.4) |
3.2 |
4.9 |
| BSE 200 |
7,220 |
(0.4) |
3.1 |
5.5 |
| CNX Midcap |
8,379 |
0.1 |
5.5 |
12.7 |
| BSE Smallcap |
9,345 |
(0.2) |
1.9 |
11.8 |
| Developed market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Dow Jones |
10,498 |
(0.4) |
(6.0) |
0.7 |
| Nasdaq |
2,265 |
(1.0) |
(9.8) |
(0.2) |
| S&P 500 |
1,106 |
(0.7) |
(8.3) |
(0.8) |
| FTSE |
5,320 |
(0.9) |
(5.3) |
(1.7) |
| CAC |
3,670 |
0.1 |
(4.4) |
(6.8) |
| DAX |
6,179 |
(0.5) |
0.6 |
3.7 |
| Hang Seng* |
21,022 |
(0.3) |
1.2 |
(3.9) |
| Nikkei* |
9,700 |
(0.5) |
(11.2) |
(8.0) |
| S&P/ASX200* |
4,510 |
(0.4) |
(5.8) |
(7.4) |
| * Markets are open |
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| Emerging market |
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% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Shanghai Comp |
2,637 |
0.1 |
(8.1) |
(19.5) |
| Brazil Bovespa |
66,808 |
0.2 |
(1.7) |
(2.6) |
| Mexico Bolsa |
32,666 |
(0.1) |
(0.6) |
1.7 |
| Kospi* |
1,772 |
(0.1) |
2.5 |
5.3 |
| Micex |
1,395 |
(0.5) |
(4.1) |
1.8 |
| Taiwan* |
7,754 |
(0.4) |
(3.7) |
(5.3) |
| Straits* |
2,985 |
(0.0) |
0.9 |
3.0 |
| * Markets are open |
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| Institutional activity |
|
| (Rs cr) |
Cash |
F&O |
MTD |
YTD |
| FIIs |
82 |
850 |
11,350 |
41,770 |
| MFs |
9 |
- |
(2,951) |
(11,085) |
| FIIs Prov. |
593 |
|
|
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| MFs Prov. |
(691) |
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| Commodities |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Crude (US$/bbl) |
77.0 |
0.0 |
(9.6) |
(3.0) |
| Gold (US$/oz) |
1,165 |
0.1 |
(0.2) |
6.2 |
| Copper (US$/mt) |
7,146 |
1.6 |
(2.9) |
(2.7) |
| Aluminium (US$/mt) |
2,049 |
0.7 |
(5.0) |
(6.8) |
| Zinc (US$/mt) |
1,927 |
2.4 |
(16.1) |
(23.8) |
| Advance/Decline stocks |
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| (Nos) |
A |
B |
S |
Total |
| Adv |
82 |
730 |
175 |
1,197 |
| Dec |
120 |
1,122 |
254 |
1,682 |
| Unch |
1 |
89 |
19 |
133 |
| A/D ratio (x)* |
0.7 |
0.7 |
0.7 |
0.7 |
| *A/D excluding Unch |
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| Trade value |
|
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| (Rs cr) |
|
% chg |
| Cash NSE |
15,012 |
12.3 |
| Cash BSE |
4,619 |
27.2 |
| Total Cash |
19,631 |
15.5 |
| Delivery (%) |
39.1 |
- |
| Derivatives |
124,978 |
8.8 |
| Currency |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Rs/US$ |
46.77 |
0.2 |
(4.5) |
(0.5) |
| Rs/EUR |
60.19 |
(0.9) |
(2.0) |
10.7 |
| US$/GBP |
1.56 |
(0.0) |
1.8 |
(3.6) |
| US$/EUR |
1.30 |
(0.0) |
(1.8) |
(9.3) |
| Yen/US$ |
87.23 |
(0.3) |
7.8 |
6.6 |
| Bond market |
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Last Close (%) |
Bps chg |
| 10yr Gsec |
7.75 |
0.04 |
| Call rate |
4.75 |
0.15 |
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