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| India Infoline Research Team / 08:45 , Mar 11, 2010 |
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The Indian equity market appears set to establish its hold. For all those who wake up trying to track how the Nifty is performing on the Singapore Exchange, there will probably be another breed of investors who will now stay awake to watch the Dow and S&P500 being traded on our exchange. |
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To establish oneself in the world, one has to do all one can to appear established.
The Indian equity market appears set to establish its hold. For all those who wake up trying to track how the Nifty is performing on the Singapore Exchange, there will probably be another breed of investors who will now stay awake to watch the Dow and S&P500 being traded on our exchange.
Meanwhile, stocks appear to have settled into yet another consolidation phase with no substantial newsflow to trigger direction. Traded volumes have been a bit disappointing even as flows from FIIs have improved. The post Budget feel-good factor which actually co-incided with global optimism seems to have ebbed slightly. For lack of other things, fourth quarter results, RBI’s annual policy meeting and monsoon could provide fresh direction going ahead.
Today we expect flat to a slightly higher start. US indices have gained overnight. European stocks too advanced while Asian markets are mostly in the green zone. On the technical front, 5150 is proving to be a tough resistance for the NSE Nifty. On the down side, strong support is expected at 5,000.
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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26.0
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0.5
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1.3
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HDFC Bk
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132.8
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4.6
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10.7
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ICICI Bk
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40.9
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0.1
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1.1
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ITC
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5.6
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1.8
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(0.1)
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Infosys
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59.8
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0.5
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2.0
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Satyam
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5.5
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0.6
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26.0
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Ranbaxy
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10.2
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2.9
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1.6
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Reliance
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44.7
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2.8
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0.5
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Wipro
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22.9
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(0.2)
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49.1
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SBI
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91.0
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(0.1)
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1.3
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Tata Motors
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18.6
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0.7
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8.3
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Sterlite
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17.7
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0.5
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(0.3)
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L&T
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35.2
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0.6
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1.3
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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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17,098
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0.3
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(0.5)
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(2.1)
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Nifty
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5,116
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0.3
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(0.4)
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(1.6)
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BSE 100
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2,155
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0.1
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0.1
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(1.1)
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BSE 200
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6,784
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0.1
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0.6
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(0.8)
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CNX Midcap
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7,533
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(0.4)
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2.3
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1.3
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BSE Smallcap
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8,513
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(0.2)
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6.0
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1.9
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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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10,567
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0.0
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1.6
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1.3
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Nasdaq
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2,359
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0.8
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7.7
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4.0
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S&P 500
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1,146
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0.5
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3.9
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2.7
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FTSE
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5,641
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0.7
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7.6
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4.2
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CAC
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3,944
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0.9
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3.8
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0.2
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DAX
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5,937
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0.9
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4.0
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(0.3)
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Hang Seng*
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21,231
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0.1
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(3.1)
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(2.9)
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Nikkei*
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10,658
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0.9
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5.4
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1.1
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S&P/ASX200*
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4,825
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0.1
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4.1
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(0.9)
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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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3,063
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0.4
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(5.7)
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(6.5)
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Brazil Bovespa
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69,979
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0.6
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1.8
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2.0
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Mexico Bolsa
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32,506
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(0.0)
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1.8
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1.2
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Kospi*
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1,665
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0.2
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0.5
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(1.0)
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Micex
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1,402
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(0.7)
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7.5
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2.4
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Taiwan*
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7,772
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(0.1)
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(0.3)
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(5.1)
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Straits*
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2,867
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0.2
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2.4
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(1.1)
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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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1,770
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155
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13,294
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10,127
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MFs
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-
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-
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(1,420)
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(3,205)
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FIIs Prov.
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364
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MFs Prov.
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(375)
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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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81.6
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(0.6)
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16.8
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2.8
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Gold (US$/oz)
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1,109
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0.1
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(0.5)
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1.1
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Copper (US$/mt)
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7,406
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(0.9)
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9.4
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0.9
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Aluminium (US$/mt)
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2,202
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(1.2)
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1.7
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0.2
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Zinc (US$/mt)
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2,348
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0.1
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5.0
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(7.2)
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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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92
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743
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187
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1,179
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Dec
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110
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1,111
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251
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1,659
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Unch
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1
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50
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10
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73
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A/D ratio (x)*
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0.8
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0.7
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0.7
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0.7
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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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13,347
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1.8
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Cash BSE
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4,337
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(40.0)
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Total Cash
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17,684
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(13.1)
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Delivery (%)
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42.5
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-
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Derivatives
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65,513
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24.9
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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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45.36
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(0.6)
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2.8
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2.6
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Rs/EUR
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61.81
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(0.3)
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10.1
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7.8
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US$/GBP
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1.50
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(0.1)
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(8.0)
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(7.5)
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US$/EUR
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1.36
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(0.1)
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(6.7)
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(4.7)
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Yen/US$
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90.32
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(0.2)
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(1.4)
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3.0
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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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7.98
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0.00
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Call rate
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4.50
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1.35
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