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| India Infoline Research Team / 08:54 , Mar 19, 2010 |
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The main indices managed to gallop towards the end following S&P’s upgrade of India’s ratings outlook. The key indices might just be able to stretch the winning streak a little bit more today. But remember, all stocks need to participate on the ‘stable’ outlook. |
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Being born in a stable does not make one a horse- Arthur Wellesley
The main indices managed to gallop towards the end following S&P’s upgrade of India’s ratings outlook. The key indices might just be able to stretch the winning streak a little bit more today. But remember, all stocks need to participate on the ‘stable’ outlook.
We expect a positive but sedate start and a choppy session. Volume may remain low, as has been the case lately. Select stocks will remain in the spotlight owing to the newsflow. Reports mention chances of a dollar carry trade to benefit the Indian market, similar to the yen carry trade a couple of years ago.
Cues from global markets are neither spectacular nor weak. Concerns over Greece prevail amid lack of cohesion in the EU. The nation now may resort to aid from the IMF. Worries over stringent new norms for Wall Street banks have ebbed even as the war of words persists between the US and China over yuan revaluation.
Wall Street had an indecisive session. The Dow rose for eighth straight day while the S&P ended in red. European stocks were weighed down by uncertainty over Greece.
| ADR/GDR |
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Latest (US$) |
Price % chg |
% Prem/Disc |
| Dr. Reddys |
27.6 |
0.1 |
1.5 |
| HDFC Bk |
129.7 |
(1.2) |
9.1 |
| ICICI Bk |
42.4 |
(0.4) |
(0.0) |
| ITC |
5.7 |
(1.1) |
(0.2) |
| Infosys |
61.8 |
1.0 |
0.7 |
| Satyam |
5.3 |
1.1 |
22.7 |
| Ranbaxy |
10.2 |
(1.4) |
(1.3) |
| Reliance |
47.0 |
(0.7) |
(0.8) |
| Wipro |
24.0 |
(1.1) |
49.3 |
| SBI |
92.0 |
(1.1) |
3.0 |
| Tata Motors |
18.3 |
(2.7) |
6.4 |
| Sterlite |
18.0 |
(3.2) |
(1.1) |
| L&T |
35.6 |
(1.4) |
0.1 |
| Indian market |
|
% change |
|
Last close |
1 day |
3 mth |
YTD |
| Sensex |
17,519 |
0.2 |
4.8 |
0.3 |
| Nifty |
5,246 |
0.3 |
5.2 |
0.9 |
| BSE 100 |
2,193 |
0.2 |
4.6 |
0.6 |
| BSE 200 |
6,893 |
0.2 |
4.8 |
0.7 |
| CNX Midcap |
7,593 |
0.3 |
5.8 |
2.2 |
| BSE Smallcap |
8,463 |
0.1 |
7.3 |
1.3 |
| Developed market |
|
% change |
|
Last close |
1 day |
3 mth |
YTD |
| Dow Jones |
10,779 |
0.4 |
4.4 |
3.4 |
| Nasdaq |
2,391 |
0.1 |
8.1 |
5.4 |
| S&P 500 |
1,166 |
(0.0) |
5.7 |
4.5 |
| FTSE |
5,643 |
(0.0) |
8.6 |
4.2 |
| CAC |
3,938 |
(0.5) |
3.8 |
0.0 |
| DAX |
6,012 |
(0.2) |
3.1 |
0.9 |
| Hang Seng* |
21,289 |
(0.2) |
0.5 |
(2.7) |
| Nikkei* |
10,816 |
0.7 |
6.6 |
2.6 |
| S&P/ASX200* |
4,871 |
0.2 |
4.7 |
0.0 |
| * Markets are open |
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| Emerging market |
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% change |
|
Last close |
1 day |
3 mth |
YTD |
| Shanghai Comp |
3,048 |
0.1 |
(2.1) |
(7.0) |
| Brazil Bovespa |
69,697 |
(0.0) |
4.3 |
1.6 |
| Mexico Bolsa |
32,970 |
0.5 |
3.6 |
2.6 |
| Kospi* |
1,681 |
0.3 |
2.0 |
(0.1) |
| Micex |
1,433 |
(0.1) |
4.8 |
4.6 |
| Taiwan* |
7,869 |
(0.2) |
1.5 |
(3.9) |
| Straits* |
2,927 |
0.4 |
4.4 |
1.0 |
| * Markets are open |
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| Institutional activity |
|
| (Rs cr) |
Cash |
F&O |
MTD |
YTD |
| FIIs |
1,171 |
1,106 |
16,666 |
13,905 |
| MFs |
33 |
- |
(2,651) |
(4,268) |
| FIIs Prov. |
485 |
|
|
|
| MFs Prov. |
(53) |
|
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| Commodities |
|
% change |
|
Last close |
1 day |
3 mth |
YTD |
| Crude (US$/bbl) |
81.9 |
(0.4) |
11.7 |
3.2 |
| Gold (US$/oz) |
1,124 |
(0.3) |
1.0 |
2.4 |
| Copper (US$/mt) |
7,451 |
(0.6) |
9.6 |
1.5 |
| Aluminium (US$/mt) |
2,243 |
(0.8) |
1.9 |
2.1 |
| Zinc (US$/mt) |
2,303 |
(0.6) |
(3.1) |
(8.9) |
| Advance/Decline stocks |
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| (Nos) |
A |
B |
S |
Total |
| Adv |
104 |
798 |
201 |
1,260 |
| Dec |
97 |
1,053 |
226 |
1,566 |
| Unch |
1 |
73 |
17 |
104 |
| A/D ratio (x)* |
1.1 |
0.8 |
0.9 |
0.8 |
| *A/D excluding Unch |
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| Trade value |
|
|
| (Rs cr) |
|
% chg |
| Cash NSE |
13,881 |
(2.7) |
| Cash BSE |
5,045 |
3.9 |
| Total Cash |
18,927 |
(1.0) |
| Delivery (%) |
41.7 |
- |
| Derivatives |
73,500 |
(25.2) |
| Currency |
|
% change |
|
Last close |
1 day |
3 mth |
YTD |
| Rs/US$ |
45.45 |
0.2 |
2.8 |
2.4 |
| Rs/EUR |
61.63 |
(0.3) |
8.5 |
8.1 |
| US$/GBP |
1.52 |
(0.0) |
(5.0) |
(5.8) |
| US$/EUR |
1.36 |
0.1 |
(4.6) |
(4.9) |
| Yen/US$ |
90.45 |
0.1 |
0.8 |
2.8 |
| Bond market |
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Last Close (%) |
Bps chg |
| 10yr Gsec |
7.85 |
(0.12) |
| Call rate |
3.50 |
0.25 |
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