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| India Infoline Research Team / 08:48 , May 07, 2012 |
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There appears to be misery on the Street. We are staring at yet another tumultuous session as local and overseas headwinds continue to dampen sentiment unless we have some exciting finish like the IPL.. |
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Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.
-Winston Churchill
There appears to be misery on the Street. We are staring at yet another tumultuous session as local and overseas headwinds continue to dampen sentiment unless we have some exciting finish like the IPL matches towards the end.
In what is good news for India, crude oil has taken a tumble. Also, provisional FII figure for Friday’s session is positive. All eyes will be on Parliament, where the FM will present his arguments on the Finance Bill. Markets are eager to know if he will soothe frayed nerves over GAAR and Vodafone-like tax cases. French voters sent President Nicolas Sarkozy marching out choosing Socialist challenger François Hollande instead.
The start is expected to be lower. Asian markets are down after the US and European markets took it on the chin. It is likely to be an action-packed week. Odds are in favour of further downside unless the FM chooses to change the game. The crucial level to watch will be 5000.
Q4 FY12 result preview:
HDFC – NII Rs12.1bn (-7.3% yoy), PAT Rs10bn (-12.8% yoy).
| ADR/GDR |
|
|
|
| |
Latest (US$) |
Price % chg |
% Prem/Disc |
| Dr. Reddys |
32.5 |
(0.2) |
(0.5) |
| HDFC Bk |
32.4 |
(1.6) |
7.5 |
| ICICI Bk |
31.0 |
(2.6) |
(0.6) |
| ITC |
4.5 |
(2.6) |
0.0 |
| Infosys |
45.7 |
(2.2) |
0.0 |
| Ranbaxy |
9.3 |
(1.4) |
(0.0) |
| Reliance |
26.8 |
(4.0) |
(1.5) |
| Wipro |
9.4 |
(1.3) |
21.4 |
| SBI |
75.0 |
(3.9) |
0.4 |
| Tata Motors |
27.9 |
(1.1) |
(1.1) |
| Sterlite |
7.6 |
(4.1) |
(0.1) |
| L&T |
21.4 |
(4.4) |
(0.2) |
| Indian market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Sensex |
16,831 |
(1.9) |
(4.5) |
8.9 |
| Nifty |
5,087 |
(2.9) |
(4.7) |
10.0 |
| BSE 100 |
2,072 |
(1.9) |
(3.9) |
11.9 |
| BSE 200 |
6,497 |
(1.9) |
(3.6) |
12.4 |
| CNX Midcap |
7,215 |
(3.1) |
(1.9) |
18.1 |
| BSE Smallcap |
6,588 |
(1.8) |
(2.4) |
18.7 |
| Developed market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Dow Jones |
13,038 |
(1.3) |
1.2 |
6.7 |
| Nasdaq |
2,956 |
(2.2) |
1.8 |
13.5 |
| S&P 500 |
1,369 |
(1.6) |
1.6 |
8.9 |
| FTSE |
5,655 |
(1.9) |
(4.0) |
1.5 |
| CAC |
3,162 |
(1.9) |
(7.3) |
0.1 |
| DAX |
6,561 |
(2.0) |
(2.9) |
11.2 |
| Hang Seng* |
20,571 |
(2.4) |
(0.6) |
11.6 |
| Nikkei* |
9,146 |
(2.5) |
3.6 |
8.2 |
| S&P/ASX200* |
4,318 |
(1.8) |
1.0 |
6.4 |
| * Markets are open |
|
|
|
|
| Emerging market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Shanghai Comp |
2,441 |
(0.4) |
6.5 |
11.0 |
| Brazil Bovespa |
60,821 |
(2.1) |
(7.7) |
7.2 |
| Mexico Bolsa |
39,409 |
(0.4) |
3.5 |
6.3 |
| Kospi* |
1,955 |
(1.7) |
(1.3) |
7.1 |
| Micex |
1,386 |
(0.3) |
(10.5) |
(1.1) |
| Taiwan* |
7,532 |
(2.2) |
(2.3) |
6.5 |
| Straits* |
2,941 |
(1.7) |
(0.6) |
11.1 |
| * Markets are open |
|
|
|
|
| Institutional activity |
|
| (Rs cr) |
Cash |
F&O |
MTD |
YTD |
| FIIs |
91 |
(454) |
335 |
43,805 |
| MFs |
- |
- |
(297) |
(6,402) |
| FIIs Prov. |
428 |
|
|
|
| MFs Prov. |
(280) |
|
|
|
| Commodities |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Crude (US$/bbl) |
96.5 |
(2.0) |
(2.0) |
(2.4) |
| Gold (US$/oz) |
1,637 |
(0.3) |
(6.2) |
4.7 |
| Copper (US$/mt) |
8,254 |
(0.4) |
(3.3) |
8.7 |
| Aluminium (US$/mt) |
2,028 |
(1.1) |
(8.2) |
1.7 |
| Zinc (US$/mt) |
1,992 |
0.7 |
(6.8) |
9.0 |
| Advance/Decline stocks |
|
|
|
|
| (Nos) |
A |
B |
S |
Total |
| Adv |
32 |
498 |
214 |
744 |
| Dec |
172 |
1,564 |
334 |
2,070 |
| Unch |
1 |
69 |
30 |
100 |
| A/D ratio (x)* |
0.2 |
0.3 |
0.6 |
0.4 |
| *A/D excluding Unch |
|
|
|
|
| Trade value |
|
|
| (Rs cr) |
|
% chg |
| Cash NSE |
11,475 |
14.7 |
| Cash BSE |
2,565 |
37.1 |
| Total Cash |
14,039 |
18.2 |
| Delivery (%) |
46.2 |
- |
| Derivatives |
111,960 |
37.9 |
| Currency |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Rs/US$ |
53.48 |
0.1 |
(8.3) |
(0.8) |
| Rs/EUR |
70.21 |
0.0 |
(8.7) |
(2.1) |
| US$/GBP |
1.61 |
(0.2) |
1.4 |
3.7 |
| US$/EUR |
1.30 |
(0.8) |
(2.1) |
0.1 |
| Yen/US$ |
79.83 |
(0.0) |
(3.8) |
(3.7) |
| Bond market |
|
|
| |
Last Close (%) |
Bps chg |
| 10yr Gsec |
8.62 |
(0.00) |
| Call rate |
8.50 |
0.70 |
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