Happy start, take care!
|
|
|
|
India Infoline Research Team / 08:50 , Feb 08, 2010
|
|
|
|
|
|
|
|
|
It is only possible to live happily ever after on a day-to-day basis.
The gains made in Saturday’s special session may not hold much significance due to lack of adequate participation. Nevertheless, the bulls did get a chance to claw their way back after being battered and bruised in the previous two days. That snap-back advance may continue today, at least early in the morning. The rest of the day’s proceedings will hinge on how the external situation evolves.
Don’t be surprised if the market recovers some more ground. Use that pull-back as an exit opportunity as the market may fall further on a combination of local and global worries. On the whole, the market will be volatile with bouts of sharp rallies and declines. We remain cautious and advise you to stay on guard till the turbulence subsides.
The near-term support for the Nifty is around 4700. The crucial level to watch would be 4640, which represents 200 DMA. A sustained and decisive breach of this level could spell more trouble. On the higher side, the market will face resistance at around 4900-5000 levels.
ADR/GDR
|
|
|
|
|
Latest (US$)
|
Price % chg
|
% Prem/Disc
|
Dr. Reddys
|
24.2
|
0.2
|
(0.2)
|
HDFC Bk
|
111.4
|
(3.8)
|
10.2
|
ICICI Bk
|
33.5
|
(3.5)
|
(2.2)
|
ITC
|
5.3
|
(3.1)
|
(0.1)
|
Infosys
|
50.9
|
0.5
|
0.0
|
Satyam
|
4.9
|
(1.0)
|
16.6
|
Ranbaxy
|
8.7
|
(8.4)
|
(0.3)
|
Reliance
|
41.9
|
(3.3)
|
(1.4)
|
Wipro
|
19.6
|
(1.1)
|
41.1
|
SBI
|
80.5
|
(4.5)
|
(1.6)
|
Tata Motors
|
14.3
|
(0.9)
|
(1.9)
|
Sterlite
|
15.8
|
1.2
|
(1.5)
|
L&T
|
30.1
|
(1.0)
|
(1.6)
|
Indian market
|
|
% change
|
|
Last close
|
1 day
|
3 mth
|
YTD
|
Sensex
|
15,916
|
0.8
|
(1.5)
|
(8.2)
|
Nifty
|
4,757
|
0.8
|
(0.8)
|
(8.5)
|
BSE 100
|
2,020
|
1.0
|
0.5
|
(6.9)
|
BSE 200
|
6,378
|
1.0
|
1.3
|
(6.3)
|
CNX Midcap
|
7,153
|
1.3
|
4.6
|
(3.8)
|
BSE Smallcap
|
8,198
|
1.5
|
14.3
|
(1.3)
|
Developed market
|
|
% change
|
|
Last close
|
1 day
|
3 mth
|
YTD
|
Dow Jones
|
10,012
|
0.1
|
(0.1)
|
(4.0)
|
Nasdaq
|
2,141
|
0.7
|
1.4
|
(5.6)
|
S&P 500
|
1,066
|
0.3
|
(0.3)
|
(4.4)
|
FTSE
|
5,061
|
(1.5)
|
(1.6)
|
(6.5)
|
CAC
|
3,564
|
(3.4)
|
(3.9)
|
(9.5)
|
DAX
|
5,434
|
(1.8)
|
(1.0)
|
(8.8)
|
Hang Seng*
|
19,653
|
(0.1)
|
(10.0)
|
(10.1)
|
Nikkei*
|
10,008
|
(0.5)
|
2.2
|
(5.1)
|
S&P/ASX200*
|
4,532
|
0.4
|
(1.4)
|
(7.0)
|
* Markets are open
|
|
|
|
|
Emerging market
|
|
% change
|
|
Last close
|
1 day
|
3 mth
|
YTD
|
Shanghai Comp
|
2,939
|
(0.0)
|
(7.1)
|
(10.3)
|
Brazil Bovespa
|
62,763
|
(1.8)
|
(2.6)
|
(8.5)
|
Mexico Bolsa
|
30,631
|
0.1
|
2.6
|
(4.6)
|
Kospi*
|
1,563
|
(0.3)
|
(0.6)
|
(7.1)
|
Micex
|
1,356
|
(2.9)
|
9.2
|
(1.0)
|
Taiwan*
|
7,225
|
0.2
|
(3.2)
|
(11.8)
|
Straits*
|
2,694
|
0.4
|
1.4
|
(7.0)
|
* Markets are open
|
|
|
|
|
Institutional activity
|
|
(Rs cr)
|
Cash
|
F&O
|
MTD
|
YTD
|
FIIs
|
(43)
|
(1,105)
|
(3,786)
|
(731)
|
MFs
|
(296)
|
-
|
(511)
|
(1,816)
|
FIIs Prov.
|
(28)
|
|
|
|
MFs Prov.
|
32
|
|
|
|
Commodities
|
|
% change
|
|
Last close
|
1 day
|
3 mth
|
YTD
|
Crude (US$/bbl)
|
71.2
|
(2.7)
|
(7.4)
|
(9.7)
|
Gold (US$/oz)
|
1,066
|
0.2
|
(2.7)
|
(2.8)
|
Copper (US$/mt)
|
6,259
|
(1.7)
|
(3.9)
|
(14.8)
|
Aluminium (US$/mt)
|
1,949
|
(3.2)
|
3.0
|
(11.3)
|
Zinc (US$/mt)
|
1,924
|
(4.2)
|
(12.3)
|
(23.9)
|
Advance/Decline stocks
|
|
|
|
|
(Nos)
|
A
|
B
|
S
|
Total
|
Adv
|
185
|
1,122
|
273
|
1,931
|
Dec
|
14
|
310
|
68
|
607
|
Unch
|
0
|
24
|
8
|
45
|
A/D ratio (x)*
|
13.2
|
3.6
|
4.0
|
3.2
|
*A/D excluding Unch
|
|
|
|
|
Trade value
|
|
|
(Rs cr)
|
|
% chg
|
Cash NSE
|
13,996
|
7.0
|
Cash BSE
|
4,306
|
1.0
|
Total Cash
|
18,303
|
5.6
|
Delivery (%)
|
38.9
|
-
|
Derivatives
|
90,465
|
27.4
|
Currency
|
|
% change
|
|
Last close
|
1 day
|
3 mth
|
YTD
|
Rs/US$
|
46.74
|
1.1
|
0.6
|
(0.5)
|
Rs/EUR
|
63.47
|
(0.7)
|
9.8
|
5.0
|
US$/GBP
|
1.56
|
(0.3)
|
(6.9)
|
(3.5)
|
US$/EUR
|
1.36
|
(0.3)
|
(9.1)
|
(4.8)
|
Yen/US$
|
89.26
|
0.0
|
0.8
|
4.2
|
Bond market
|
|
|
|
Last Close (%)
|
Bps chg
|
10yr Gsec
|
7.67
|
(0.02)
|
Call rate
|
3.30
|
0.30
|
|
|
|
|
|
|