No one to depend on…

My brother, someone who I know I can always depend on!

- Catherine Pulsifer

The fatigued markets are searching for some positive cues they can depend on. Nothing seems to come by really expect a hope that some policy actions will be taken in the near future. Power outages and bomb blasts are leading the headlines these days.  
 
US indices closed lower after the Federal Reserve maintained status quo on its economic policies. Of course it was a day of yet another instance of algorithms going wild. The New York Stock Exchange said it is investigating trading activity in 140 stocks.
 
The Fed said the United States economic activity "decelerated" and that more action could come in soon even as Operation Twist will continue. It is likely to hold interest rates near "exceptionally low levels" at least through late 2014.
 
The outlook is flat again with no positive cues coming in from the Asian markets either. With lack of other triggers, the markets world over would turn its attention on European Central Bank meeting today. Hopes are some details on action to bring down rising borrowing costs in Italy and Spain could be heard.

ADR/GDR
	Latest (US$)	Price % chg	% Prem/Disc
Dr. Reddys	29.2	0.6	(1.0)
HDFC Bk	34.4	1.5	8.5
ICICI Bk	34.7	0.2	0.2
ITC	4.7	0.6	(0.1)
Infosys	39.9	0.8	(0.2)
Ranbaxy	8.9	0.0	(1.4)
Reliance	26.6	0.8	(1.0)
Wipro	7.8	0.4	28.1
SBI	79.0	2.2	7.8
Tata Motors	20.3	0.7	(0.7)
Sterlite	7.7	0.5	0.9
L&T	24.6	1.6	(1.3)

Indian market		% change
	Last close	1 day	3 mth	YTD
Sensex	17,257	0.1	(0.3)	11.7
Nifty	5,241	0.8	0.0	13.3
BSE 100	2,122	0.4	(0.5)	14.6
BSE 200	6,633	0.4	(0.8)	14.8
CNX Midcap	7,231	1.3	(2.9)	18.3
BSE Smallcap	6,520	1.1	(3.8)	17.5
Developed market		% change
	Last close	1 day	3 mth	YTD
Dow Jones	12,971	(0.3)	(2.2)	6.2
Nasdaq	2,920	(0.7)	(4.6)	12.1
S&P 500	1,375	(0.3)	(1.9)	9.3
FTSE	5,713	1.4	(0.8)	2.5
CAC	3,322	0.9	3.0	5.1
DAX	6,754	(0.3)	0.7	14.5
Hang Seng*	19,752	(0.3)	(7.3)	7.1
Nikkei*	8,687	0.5	(7.4)	2.7
S&P/ASX200*	4,268	0.1	(3.8)	5.2
* Markets are open
Emerging market		% change
	Last close	1 day	3 mth	YTD
Shanghai Comp	2,123	(0.0)	(13.0)	(3.5)
Brazil Bovespa	56,292	0.3	(9.8)	(0.8)
Mexico Bolsa	40,805	0.2	3.1	10.1
Kospi*	1,880	(0.0)	(6.0)	3.0
Micex	1,412	0.3	(2.4)	0.7
Taiwan*	7,268	(0.0)	(5.3)	2.8
Straits*	3,047	(0.1)	1.4	15.1
* Markets are open
Institutional activity
(Rs cr)	Cash	F&O	MTD	YTD
FIIs	928	834	11,201	42,194
MFs	-	-	(1,855)	(7,914)
FIIs Prov.	441
MFs Prov.	(173)
Commodities		% change
	Last close	1 day	3 mth	YTD
Crude (US$/bbl)	88.8	(0.1)	(15.6)	(10.1)
Gold (US$/oz)	1,603	0.2	(3.0)	2.5
Copper (US$/mt)	7,418	(1.8)	(13.1)	(2.3)
Aluminium (US$/mt)	1,827	(1.4)	(12.2)	(8.4)
Zinc (US$/mt)	1,812	(1.1)	(11.5)	(0.8)
Advance/Decline stocks
(Nos)	A	B	S	Total
Adv	132	1,290	300	1
Dec	68	761	276	0
Unch	2	80	46	0
A/D ratio (x)*	1.9	1.7	1.1	#DIV/0!
*A/D excluding Unch
Trade value
(Rs cr)			% chg
Cash NSE	9,000		(17.0)
Cash BSE	1,859		(6.0)
Total Cash	10,859		(15.3)
Delivery (%)	40.6		-
Derivatives	81,501		(28.3)
Currency		% change
	Last close	1 day	3 mth	YTD
Rs/US$	55.47	(0.3)	(4.9)	(4.3)
Rs/EUR	68.28	(0.1)	2.1	0.7
US$/GBP	1.55	0.0	(4.1)	(0.0)
US$/EUR	1.22	0.2	(6.9)	(5.5)
Yen/US$	78.49	0.1	2.1	(2.0)
Bond market
	Last Close (%)		Bps chg
10yr Gsec	8.23		(0.02)
Call rate	8.00		(0.05)