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| India Infoline Research Team / 08:58 , Mar 09, 2010 |
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Like in the stock market, the favourites don’t always win the races. Record breaking sci-fi flick Avatar lost out to The Hurt Locker at the Academy Awards, which was a low-grosser. In another first, a woman won the Best Director Oscar, which coincided with the Women’s Day. In contrast, the long-pending Woman’s Reservation Bill received another setback back home as the famous Yadavs resorted to vandalism in Parliament. |
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Winning is not everything but wanting to win is.
Like in the stock market, the favourites don’t always win the races. Record breaking sci-fi flick Avatar lost out to The Hurt Locker at the Academy Awards, which was a low-grosser. In another first, a woman won the Best Director Oscar, which coincided with the Women’s Day. In contrast, the long-pending Woman’s Reservation Bill received another setback back home as the famous Yadavs resorted to vandalism in Parliament.
Coming to the market, we expect ‘The Weary Kind’ at start as it is expected to be subdued due to indecisive global cues. Most Asian shares are flat this morning after a mixed performance overnight on Wall Street. European stocks too finished nearly unchanged. We see the key indices being on ‘The Blind Side’ and listless today amid lack of fresh catalysts. Stock centric action will persist though with some stocks seeing ‘Up’ movement. Small-cap and Mid-cap shares might continue to remain ‘The New Tenants’ on street but do your due diligence before putting you ‘Precious’ money into this space.
Else you find yourself in a situation like the ‘Crazy Heart.
ADR/GDR
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Latest (US$)
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Price % chg
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% Prem/Disc
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Dr. Reddys
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25.9
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0.8
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0.7
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HDFC Bk
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126.9
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(0.2)
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7.9
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ICICI Bk
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40.8
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(0.5)
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0.4
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ITC
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5.5
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2.8
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(0.1)
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Infosys
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59.9
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0.5
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2.5
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Satyam
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5.7
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0.4
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29.3
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Ranbaxy
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10.2
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0.0
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1.2
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Reliance
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44.3
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0.4
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0.3
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Wipro
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22.9
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1.1
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49.3
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SBI
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92.7
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2.4
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2.2
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Tata Motors
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18.0
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(3.0)
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2.7
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Sterlite
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18.0
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(0.1)
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0.8
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L&T
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35.2
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(1.1)
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(0.0)
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Indian market
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% change
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Last close
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1 day
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3 mth
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YTD
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Sensex
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17,103
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0.6
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(0.7)
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(2.1)
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Nifty
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5,124
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0.7
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(0.5)
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(1.5)
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BSE 100
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2,165
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0.6
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0.2
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(0.7)
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BSE 200
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6,817
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0.6
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0.8
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(0.4)
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CNX Midcap
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7,610
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0.3
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3.0
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2.4
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BSE Smallcap
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8,592
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1.1
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8.4
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2.8
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Developed market
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% change
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Last close
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1 day
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3 mth
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YTD
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Dow Jones
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10,553
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(0.1)
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2.6
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1.2
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Nasdaq
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2,332
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0.3
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7.3
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2.8
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S&P 500
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1,139
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(0.0)
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4.3
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2.1
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FTSE
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5,607
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0.1
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7.3
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3.6
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CAC
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3,904
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(0.2)
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3.1
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(0.8)
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DAX
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5,876
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(0.0)
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3.3
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(1.4)
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Hang Seng*
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21,155
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(0.2)
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(2.7)
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(3.3)
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Nikkei*
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10,558
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(0.3)
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5.5
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0.1
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S&P/ASX200*
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4,810
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0.0
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3.7
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(1.3)
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* Markets are open
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Emerging market
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% change
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Last close
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1 day
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3 mth
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YTD
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Shanghai Comp
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3,037
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(0.5)
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(6.3)
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(7.3)
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Brazil Bovespa
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68,575
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(0.4)
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1.3
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(0.0)
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Mexico Bolsa
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32,520
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0.3
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2.6
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1.2
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Kospi*
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1,654
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(0.3)
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1.2
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(1.7)
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Micex
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1,414
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2.2
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7.9
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3.2
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Taiwan*
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7,755
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(0.1)
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(0.5)
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(5.3)
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Straits*
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2,835
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0.0
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1.3
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(2.2)
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* Markets are open
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Institutional activity
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(Rs cr)
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Cash
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F&O
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MTD
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YTD
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FIIs
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-
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948
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6,578
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4,218
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MFs
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-
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-
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(655)
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(2,477)
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FIIs Prov.
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1,132
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MFs Prov.
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(569)
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Commodities
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% change
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Last close
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1 day
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3 mth
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YTD
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Crude (US$/bbl)
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81.5
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(0.5)
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15.3
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2.7
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Gold (US$/oz)
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1,123
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(0.0)
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(0.5)
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2.4
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Copper (US$/mt)
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7,437
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(1.0)
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7.2
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1.3
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Aluminium (US$/mt)
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2,200
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0.0
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3.4
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0.1
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Zinc (US$/mt)
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2,342
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0.8
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2.1
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(7.4)
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Advance/Decline stocks
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(Nos)
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A
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B
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S
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Total
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Adv
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119
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1,156
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287
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1,761
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Dec
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82
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698
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156
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1,097
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Unch
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2
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65
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8
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88
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A/D ratio (x)*
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1.5
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1.7
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1.8
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1.6
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*A/D excluding Unch
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Trade value
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(Rs cr)
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% chg
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Cash NSE
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15,198
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(0.0)
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Cash BSE
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4,854
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(13.5)
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Total Cash
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20,052
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(3.7)
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Delivery (%)
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46.4
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-
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Derivatives
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59,634
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(13.6)
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Currency
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% change
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Last close
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1 day
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3 mth
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YTD
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Rs/US$
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45.53
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(0.2)
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2.5
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2.2
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Rs/EUR
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61.93
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(0.2)
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10.7
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7.6
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US$/GBP
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1.50
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(0.3)
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(7.7)
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(7.1)
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US$/EUR
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1.36
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(0.1)
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(7.5)
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(4.9)
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Yen/US$
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90.04
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(0.3)
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(2.4)
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3.3
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Bond market
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Last Close (%)
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Bps chg
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10yr Gsec
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8.01
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0.03
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Call rate
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3.30
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(0.05)
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