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| India Infoline Research Team / 08:25 , Feb 05, 2010 |
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Brace for a gap-down opening as world markets are in a tizzy amid escalating concerns over the mounting debt problems in a few European nations. Whether the market manages to rebound remains to be seen as FIIs don’t seem to be in a mood to reverse their selling binge, at least for now. |
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Be aware that a halo has to fall only a few inches to be a noose.
Brace for a gap-down opening as world markets are in a tizzy amid escalating concerns over the mounting debt problems in a few European nations. Whether the market manages to rebound remains to be seen as FIIs don’t seem to be in a mood to reverse their selling binge, at least for now.
Yesterday only we had warned against getting carried away with Wednesday’s rally. For those who heeded our advice though might have done better than most. Risk aversion has risen of late amid a spate of fresh worries from China’s tightening, to new restrictions for US banks to sovereign debt concerns in Europe.
For India, the big concern remains in the form of inflation and its ramifications on the stimulus-fueled recovery.
The big event for India will be the Union Budget. Expectations are already building up. The Finance Minister has its task cut out with a yawning fiscal deficit staring him in the face. The 3G auction fiasco coupled with the lukewarm response to the NTPC FPO are only adding to his troubles.
| ADR/GDR |
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Latest (US$) |
Price % chg |
% Prem/Disc |
| Dr. Reddys |
24.1 |
(2.7) |
(4.0) |
| HDFC Bk |
115.8 |
(4.8) |
10.4 |
| ICICI Bk |
34.8 |
(6.0) |
(3.0) |
| ITC |
5.5 |
(0.4) |
(0.1) |
| Infosys |
50.7 |
(4.7) |
(3.5) |
| Satyam |
4.9 |
(3.5) |
15.1 |
| Ranbaxy |
9.5 |
0.0 |
3.3 |
| Reliance |
43.4 |
(3.0) |
(1.6) |
| Wipro |
19.8 |
(5.4) |
39.6 |
| SBI |
84.3 |
(4.0) |
0.1 |
| Tata Motors |
14.4 |
(8.4) |
(3.3) |
| Sterlite |
15.6 |
(6.8) |
(3.9) |
| L&T |
30.4 |
(3.6) |
(2.7) |
| Indian market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Sensex |
16,225 |
(1.6) |
1.0 |
(7.1) |
| Nifty |
4,845 |
0.0 |
1.7 |
(6.8) |
| BSE 100 |
2,055 |
(1.8) |
3.3 |
(5.7) |
| BSE 200 |
6,485 |
(1.7) |
4.3 |
(5.2) |
| CNX Midcap |
7,237 |
0.0 |
8.2 |
(2.6) |
| BSE Smallcap |
8,345 |
(1.6) |
19.0 |
(0.2) |
| Developed market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Dow Jones |
10,002 |
(2.6) |
(0.0) |
(4.1) |
| Nasdaq |
2,125 |
(3.0) |
1.0 |
(6.3) |
| S&P 500 |
1,063 |
(3.1) |
(0.3) |
(4.7) |
| FTSE |
5,139 |
(2.2) |
0.3 |
(5.1) |
| CAC |
3,689 |
(2.7) |
(0.5) |
(6.3) |
| DAX |
5,533 |
(2.4) |
1.0 |
(7.1) |
| Hang Seng* |
19,744 |
(2.9) |
(8.1) |
(9.7) |
| Nikkei* |
10,063 |
(2.8) |
3.6 |
(4.6) |
| S&P/ASX200* |
4,493 |
(2.8) |
(0.3) |
(7.8) |
| * Markets are open |
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| Emerging market |
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% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Shanghai Comp |
2,959 |
(1.2) |
(6.2) |
(9.7) |
| Brazil Bovespa |
63,934 |
(4.7) |
(1.4) |
(6.8) |
| Mexico Bolsa |
30,604 |
(2.2) |
2.9 |
(4.7) |
| Kospi* |
1,568 |
(3.0) |
1.0 |
(6.8) |
| Micex |
1,396 |
(2.5) |
10.9 |
1.9 |
| Taiwan* |
7,282 |
(3.4) |
(1.8) |
(11.1) |
| Straits* |
2,690 |
(2.0) |
2.3 |
(7.2) |
| * Markets are open |
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| Institutional activity |
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| (Rs cr) |
Cash |
F&O |
MTD |
YTD |
| FIIs |
486 |
157 |
(2,452) |
(688) |
| MFs |
6 |
- |
(1,366) |
(1,520) |
| FIIs Prov. |
(155) |
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|
|
| MFs Prov. |
241 |
|
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| Commodities |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Crude (US$/bbl) |
73.1 |
(5.0) |
(8.3) |
(8.0) |
| Gold (US$/oz) |
1,064 |
(4.2) |
(2.4) |
(3.0) |
| Copper (US$/mt) |
6,368 |
(3.0) |
(2.8) |
(13.3) |
| Aluminium (US$/mt) |
2,012 |
(1.8) |
6.4 |
(8.4) |
| Zinc (US$/mt) |
2,010 |
(3.4) |
(8.8) |
(20.5) |
| Advance/Decline stocks |
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| (Nos) |
A |
B |
S |
Total |
| Adv |
23 |
424 |
104 |
837 |
| Dec |
180 |
1,130 |
274 |
2,002 |
| Unch |
0 |
30 |
10 |
60 |
| A/D ratio (x)* |
0.1 |
0.4 |
0.4 |
0.4 |
| *A/D excluding Unch |
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| Trade value |
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| (Rs cr) |
|
% chg |
| Cash NSE |
13,076 |
(4.7) |
| Cash BSE |
4,262 |
(5.4) |
| Total Cash |
17,338 |
(4.8) |
| Delivery (%) |
34.8 |
- |
| Derivatives |
71,019 |
(9.8) |
| Currency |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Rs/US$ |
46.25 |
0.6 |
1.7 |
0.6 |
| Rs/EUR |
63.39 |
(0.1) |
10.4 |
5.1 |
| US$/GBP |
1.57 |
(0.0) |
(5.0) |
(2.6) |
| US$/EUR |
1.37 |
(0.1) |
(7.8) |
(4.3) |
| Yen/US$ |
89.69 |
0.7 |
1.1 |
3.7 |
| Bond market |
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Last Close (%) |
Bps chg |
| 10yr Gsec |
7.69 |
0.01 |
| Call rate |
3.00 |
(0.25) |
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