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| India Infoline Research Team / 20:25 , Jul 27, 2010 |
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Given the global cues, we may be in for a positive start. But the market is likely to pay more attention to what the RBI has to say. For containing the inflation persistence and anchoring inflation expectations, anti-inflationary monetary policy actions become a necessity,” the RBI mentioned. We expect the central bank to continue its gradual normalization of monetary policy by hiking both the repo and reverse repo rates by 25bps today. |
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The ability to focus attention on impt things is a defining characteristic of intelligence.
Given the global cues, we may be in for a positive start. But the market is likely to pay more attention to what the RBI has to say. For containing the inflation persistence and anchoring inflation expectations, anti-inflationary monetary policy actions become a necessity,” the RBI mentioned. We expect the central bank to continue its gradual normalization of monetary policy by hiking both the repo and reverse repo rates by 25bps today.
On Monday, the Nifty failed to cross the psychological barrier of 5500. While selling pressure was witnessed across the board, especially in auto stocks, the volumes were lower overall.
The focus today will later shift to the heavy flow of results ranging from Reliance to HUL. The global markets have shown some green. Asian stocks are higher for the third straight day following better- than-estimated new home sales in the US.
The Dow Jones added 100 points while the Nasdaq gained 27 points, taking the indices into positive zone for the year.
| ADR/GDR |
|
|
|
| |
Latest (US$) |
Price % chg |
% Prem/Disc |
| Dr. Reddys |
27.9 |
(3.0) |
(2.4) |
| HDFC Bk |
153.5 |
0.5 |
17.3 |
| ICICI Bk |
39.4 |
0.1 |
1.0 |
| ITC |
6.4 |
0.3 |
(0.1) |
| Infosys |
60.7 |
0.8 |
1.8 |
| Satyam |
5.1 |
1.4 |
31.0 |
| Ranbaxy |
9.6 |
0.5 |
1.4 |
| Reliance |
45.1 |
(0.3) |
0.7 |
| Wipro |
13.4 |
1.2 |
52.7 |
| SBI |
102.8 |
(3.1) |
0.3 |
| Tata Motors |
19.1 |
1.1 |
9.3 |
| Sterlite |
15.2 |
0.9 |
312.4 |
| L&T |
42.0 |
1.7 |
2.9 |
| Indian market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Sensex |
18,020 |
(0.6) |
1.9 |
3.2 |
| Nifty |
5,419 |
0.0 |
2.1 |
4.2 |
| BSE 100 |
2,291 |
(0.6) |
2.4 |
5.1 |
| BSE 200 |
7,231 |
(0.6) |
2.4 |
5.7 |
| CNX Midcap |
8,353 |
0.0 |
4.4 |
12.4 |
| BSE Smallcap |
9,363 |
(0.8) |
1.3 |
12.0 |
| Developed market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Dow Jones |
10,525 |
1.0 |
(4.2) |
0.9 |
| Nasdaq |
2,296 |
1.2 |
(7.1) |
1.2 |
| S&P 500 |
1,115 |
1.1 |
(5.8) |
(0.0) |
| FTSE |
5,351 |
0.7 |
(4.5) |
(1.1) |
| CAC |
3,636 |
0.8 |
(5.4) |
(7.6) |
| DAX |
6,194 |
0.5 |
0.6 |
4.0 |
| Hang Seng* |
20,916 |
0.4 |
(1.6) |
(4.4) |
| Nikkei* |
9,516 |
0.1 |
(15.1) |
(9.8) |
| S&P/ASX200* |
4,505 |
0.4 |
(7.7) |
(7.5) |
| * Markets are open |
|
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|
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| Emerging market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Shanghai Comp |
2,575 |
(0.5) |
(11.5) |
(21.4) |
| Brazil Bovespa |
66,443 |
0.2 |
(0.1) |
(3.1) |
| Mexico Bolsa |
32,959 |
0.5 |
0.9 |
2.6 |
| Kospi* |
1,775 |
0.3 |
1.4 |
5.5 |
| Micex |
1,397 |
1.2 |
(4.6) |
2.0 |
| Taiwan* |
7,779 |
(0.1) |
(4.5) |
(5.0) |
| Straits* |
2,987 |
0.7 |
(0.2) |
3.1 |
| * Markets are open |
|
|
|
|
| Institutional activity |
|
| (Rs cr) |
Cash |
F&O |
MTD |
YTD |
| FIIs |
845 |
211 |
11,676 |
41,216 |
| MFs |
(140) |
- |
(2,532) |
(10,544) |
| FIIs Prov. |
196 |
|
|
|
| MFs Prov. |
(719) |
|
|
|
| Commodities |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Crude (US$/bbl) |
79.0 |
(0.0) |
(4.2) |
(0.5) |
| Gold (US$/oz) |
1,186 |
0.2 |
1.5 |
8.1 |
| Copper (US$/mt) |
7,126 |
1.7 |
(8.3) |
(2.9) |
| Aluminium (US$/mt) |
2,036 |
1.3 |
(10.9) |
(7.4) |
| Zinc (US$/mt) |
1,926 |
2.5 |
(20.0) |
(23.9) |
| Advance/Decline stocks |
|
|
|
|
| (Nos) |
A |
B |
S |
Total |
| Adv |
60 |
663 |
161 |
1,090 |
| Dec |
142 |
1,210 |
280 |
1,824 |
| Unch |
2 |
65 |
7 |
94 |
| A/D ratio (x)* |
0.4 |
0.5 |
0.6 |
0.6 |
| *A/D excluding Unch |
|
|
|
|
| Trade value |
|
|
| (Rs cr) |
|
% chg |
| Cash NSE |
11,856 |
(18.8) |
| Cash BSE |
3,277 |
(22.9) |
| Total Cash |
15,133 |
(19.7) |
| Delivery (%) |
44.0 |
- |
| Derivatives |
96,916 |
(7.4) |
| Currency |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Rs/US$ |
47.05 |
0.2 |
(5.6) |
(1.1) |
| Rs/EUR |
60.81 |
(0.6) |
(3.7) |
9.5 |
| US$/GBP |
1.55 |
0.0 |
1.5 |
(4.2) |
| US$/EUR |
1.30 |
0.1 |
(1.3) |
(9.2) |
| Yen/US$ |
86.96 |
0.1 |
7.2 |
7.0 |
| Bond market |
|
|
| |
Last Close (%) |
Bps chg |
| 10yr Gsec |
7.67 |
(0.00) |
| Call rate |
5.50 |
(0.23) |
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