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| India Infoline Research Team / 08:30 , Jul 26, 2010 |
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World markets will get their first chance to react to the results of bank stress tests in Europe. The first reaction across the globe would be that of a relief though. And, therefore we expect our market to open higher. Bulls are likely to hold on to the advantage and the NSE Nifty could pierce 5500 shortly, if not today. |
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Give your stress wings and let it fly away. ~Terri Guillemets
World markets will get their first chance to react to the results of bank stress tests in Europe. The first reaction across the globe would be that of a relief though. And, therefore we expect our market to open higher. Bulls are likely to hold on to the advantage and the NSE Nifty could pierce 5500 shortly, if not today.
That only a handful of lesser known European banks failed the so-called stress tests may bolster the sentiment further. Only 7 of the 91 banks failed the tests. What’s more, none of the big names are in that list. But, only time will tell whether these tests were comprehensive enough to gauge the banks’ solvency; in case of another downturn.
US stocks rose on Friday. Asian markets are up though they haven’t had a run-away rally as such. Back home, the major concern is inflation. A good monsoon seems to be underway and might soften prices. Still, the RBI is expected to jack up rates by at least 25 bps on Tuesday.
| ADR/GDR |
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|
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| |
Latest (US$) |
Price % chg |
% Prem/Disc |
| Dr. Reddys |
28.7 |
2.2 |
(1.2) |
| HDFC Bk |
152.7 |
(0.1) |
17.2 |
| ICICI Bk |
39.3 |
0.9 |
1.1 |
| ITC |
6.4 |
1.5 |
(0.3) |
| Infosys |
60.2 |
0.4 |
1.4 |
| Satyam |
5.0 |
1.0 |
29.0 |
| Ranbaxy |
9.6 |
(4.4) |
0.1 |
| Reliance |
45.2 |
0.3 |
0.1 |
| Wipro |
13.3 |
(0.2) |
50.9 |
| SBI |
106.0 |
0.2 |
(0.3) |
| Tata Motors |
18.9 |
0.2 |
5.7 |
| Sterlite |
15.1 |
(0.3) |
307.7 |
| L&T |
41.3 |
0.5 |
0.1 |
| Indian market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Sensex |
18,131 |
0.1 |
2.2 |
3.8 |
| Nifty |
5,449 |
0.0 |
2.4 |
4.8 |
| BSE 100 |
2,305 |
0.0 |
2.8 |
5.7 |
| BSE 200 |
7,277 |
0.0 |
2.8 |
6.3 |
| CNX Midcap |
8,423 |
0.0 |
5.1 |
13.3 |
| BSE Smallcap |
9,439 |
0.0 |
2.1 |
12.9 |
| Developed market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Dow Jones |
10,425 |
1.0 |
(7.0) |
(0.0) |
| Nasdaq |
2,269 |
1.0 |
(10.0) |
0.0 |
| S&P 500 |
1,103 |
0.8 |
(9.0) |
(1.1) |
| FTSE |
5,313 |
(0.0) |
(7.7) |
(1.9) |
| CAC |
3,607 |
0.2 |
(9.8) |
(8.4) |
| DAX |
6,166 |
0.4 |
(2.6) |
3.5 |
| Hang Seng* |
20,881 |
0.3 |
(3.3) |
(4.5) |
| Nikkei* |
9,546 |
1.2 |
(14.5) |
(9.5) |
| S&P/ASX200* |
4,490 |
0.7 |
(8.0) |
(7.8) |
| * Markets are open |
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| Emerging market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Shanghai Comp |
2,571 |
(0.0) |
(13.4) |
(21.5) |
| Brazil Bovespa |
66,323 |
0.9 |
(3.7) |
(3.3) |
| Mexico Bolsa |
32,806 |
0.3 |
(2.9) |
2.1 |
| Kospi* |
1,765 |
0.4 |
0.7 |
4.9 |
| Micex |
1,381 |
(0.0) |
(7.0) |
0.8 |
| Taiwan* |
7,782 |
0.3 |
(4.6) |
(5.0) |
| Straits* |
2,974 |
0.0 |
(1.0) |
2.6 |
| * Markets are open |
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| Institutional activity |
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| (Rs cr) |
Cash |
F&O |
MTD |
YTD |
| FIIs |
188 |
1,546 |
10,830 |
40,371 |
| MFs |
(298) |
- |
(2,392) |
(10,404) |
| FIIs Prov. |
711 |
|
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| MFs Prov. |
(102) |
|
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| Commodities |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Crude (US$/bbl) |
79.1 |
0.1 |
(6.1) |
(0.4) |
| Gold (US$/oz) |
1,192 |
0.2 |
3.3 |
8.6 |
| Copper (US$/mt) |
7,008 |
0.2 |
(9.2) |
(4.5) |
| Aluminium (US$/mt) |
2,010 |
(0.6) |
(12.7) |
(8.5) |
| Zinc (US$/mt) |
1,879 |
(2.2) |
(20.7) |
(25.7) |
| Advance/Decline stocks |
|
|
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| (Nos) |
A |
B |
S |
Total |
| Adv |
126 |
1,017 |
221 |
1,546 |
| Dec |
73 |
913 |
218 |
1,362 |
| Unch |
5 |
66 |
16 |
106 |
| A/D ratio (x)* |
1.7 |
1.1 |
1.0 |
1.1 |
| *A/D excluding Unch |
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| Trade value |
|
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| (Rs cr) |
|
% chg |
| Cash NSE |
14,604 |
9.1 |
| Cash BSE |
4,253 |
7.5 |
| Total Cash |
18,857 |
8.7 |
| Delivery (%) |
41.3 |
- |
| Derivatives |
104,681 |
1.7 |
| Currency |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Rs/US$ |
46.95 |
(0.4) |
(5.3) |
(0.9) |
| Rs/EUR |
60.47 |
(0.2) |
(1.7) |
10.2 |
| US$/GBP |
1.55 |
0.2 |
0.0 |
(4.4) |
| US$/EUR |
1.29 |
0.1 |
(3.4) |
(9.7) |
| Yen/US$ |
87.63 |
0.2 |
7.2 |
6.2 |
| Bond market |
|
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Last Close (%) |
Bps chg |
| 10yr Gsec |
7.68 |
(0.00) |
| Call rate |
5.60 |
0.10 |
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