Playing safe

“Do you want to be safe and good, or do you want to take a chance and be great?”

- Jimmy Johnson

With a long weekend in store, investors do not really want to take chances. The start is set to be positive. Profit booking cannot be ruled out in case of any early gains. Sebi has ushered in a number of changes to add depth to the market and improve the mutual fund industry besides measures to increase transparency in fund-raising.

Retail investors may also come in with more confidence after SEBI’s move assures of a minimum number of shares in initial public offers (IPOs).

Reliance Industries has moved up the rankings and has displaced ITC as the most influential Sensex stock.

The World Gold Council says gold demand has fallen by 7% in the second quarter compared to last year.

Asian indices are higher aided by positive cues from the US market. US housing permits reaching a four-year high pushing the Dow, Nasdaq and broader S&P into gaining zone. The number of people filing for first-time jobless claims was lesser than anticipated adding to the cheer.

ADR/GDR
	Latest (US$)	Price % chg	% Prem/Disc
Dr. Reddys	29.7	1.4	(0.0)
HDFC Bk	35.3	0.7	9.3
ICICI Bk	34.4	(0.9)	0.4
ITC	4.6	(3.5)	0.2
Infosys	42.1	1.7	1.4
Ranbaxy	9.1	1.1	(1.4)
Reliance	29.4	1.8	0.4
Wipro	8.0	(0.4)	28.0
SBI	73.7	(1.7)	8.5
Tata Motors	21.2	1.9	0.2
Sterlite	7.9	(0.9)	0.1
L&T	26.5	1.1	0.0

Indian market		% change
	Last close	1 day	3 mth	YTD
Sensex	17,657	(0.4)	9.9	14.2
Nifty	5,363	0.3	10.1	16.0
BSE 100	2,165	(0.3)	9.1	17.0
BSE 200	6,764	(0.3)	8.7	17.0
CNX Midcap	7,286	(0.0)	5.8	19.2
BSE Smallcap	6,614	0.3	5.5	19.2
Developed market		% change
	Last close	1 day	3 mth	YTD
Dow Jones	13,250	0.6	6.5	8.5
Nasdaq	3,062	1.0	8.8	17.6
S&P 500	1,416	0.7	8.5	12.6
FTSE	5,835	0.0	9.3	4.7
CAC	3,480	0.9	15.6	10.1
DAX	6,996	0.7	10.9	18.6
Hang Seng*	20,078	0.6	4.6	8.9
Nikkei*	9,153	0.7	3.1	8.3
S&P/ASX200*	4,352	0.5	4.7	7.3
* Markets are open
Emerging market		% change
	Last close	1 day	3 mth	YTD
Shanghai Comp	2,112	(0.0)	(11.2)	(4.0)
Brazil Bovespa	59,446	2.2	10.0	4.7
Mexico Bolsa	40,715	(0.2)	9.3	9.8
Kospi*	1,944	(0.7)	5.4	6.5
Micex	1,452	0.2	12.7	3.5
Taiwan*	7,477	(0.2)	1.6	5.7
Straits*	3,067	0.1	8.7	15.9
* Markets are open
Institutional activity
(Rs cr)	Cash	F&O	MTD	YTD
FIIs	-	(886)	4,349	42,194
MFs	-	-	(803)	(8,850)
FIIs Prov.	258
MFs Prov.	76
Commodities		% change
	Last close	1 day	3 mth	YTD
Crude (US$/bbl)	95.4	(0.2)	3.0	(3.5)
Gold (US$/oz)	1,616	0.1	2.7	3.4
Copper (US$/mt)	7,443	0.9	(3.3)	(1.9)
Aluminium (US$/mt)	1,804	0.4	(9.5)	(9.6)
Zinc (US$/mt)	1,762	(1.1)	(7.3)	(3.6)
Advance/Decline stocks
(Nos)	A	B	S	Total
Adv	92	946	268	1,306
Dec	109	1,085	325	1,521
Unch	2	87	37	126
A/D ratio (x)*	0.8	0.9	0.8	0.9
*A/D excluding Unch
Trade value
(Rs cr)			% chg
Cash NSE	10,166		8.3
Cash BSE	2,125		2.2
Total Cash	12,291		7.2
Delivery (%)	43.6		-
Derivatives	86,256		(20.8)
Currency		% change
	Last close	1 day	3 mth	YTD
Rs/US$	55.78	0.2	(2.3)	(4.9)
Rs/EUR	68.51	(0.3)	1.2	0.3
US$/GBP	1.57	(0.0)	(0.4)	1.2
US$/EUR	1.24	(0.0)	(2.7)	(4.7)
Yen/US$	79.36	0.0	(0.1)	(3.1)
Bond market
	Last Close (%)		Bps chg
10yr Gsec	8.26		0.04
Call rate	8.00		(0.05)