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| India Infoline Research Team / 08:54 , Jan 28, 2013 |
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The opening today is set to be higher. The big bet will be on the RBI’s monetary policy which will be unveiled tomorrow. We expect RBI to cut the repo rate.. |
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A rate cut appears to be one of the immediate solutions to many problems if one goes by the consensus views of bankers and industrialists and of course politicians. The main indices have put up a smart show even as many mid-cap counters were in for a hammering last week. The Nifty, which has remained above the psychological 6000 mark needs to cross the 6100 levels to reinforce the positive trend if any.
The opening today is set to be higher. The big bet will be on the RBI’s monetary policy which will be unveiled tomorrow. We expect RBI to cut the repo rate by 25bps at least.
Global cues are slightly better thought the Nikkei is down after a smart start. Bolstered by corporate earnings, US indices ended higher with the S&P managing a close above 1,500 levels for the first time in over five years. Hong Kong 's Hang Seng index was trading 0.3 per cent higher while South Korea's Kospi index was 0.3% lower. China's Shanghai index is up a percent.
Today’s Event: JSW Steel, Rel Infra Q3 FY13
| Indian market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Sensex |
20,104 |
0.9 |
7.9 |
3.5 |
| Nifty |
6,075 |
0.9 |
7.2 |
2.9 |
| BSE 100 |
6,121 |
1.1 |
8.1 |
2.4 |
| BSE 200 |
2,471 |
1.1 |
7.8 |
1.9 |
| CNX Midcap |
8,374 |
2.1 |
7.5 |
(1.5) |
| BSE Small Cap |
7,143 |
1.0 |
0.8 |
(3.2) |
| BSE 100 Futs |
6,125 |
1.0 |
7.4 |
1.7 |
| Sensex Futs |
19,773 |
(1.9) |
6.2 |
2.4 |
| Developed market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Dow Jones |
13,896 |
0.5 |
6.0 |
6.0 |
| Nasdaq |
3,150 |
0.6 |
5.4 |
4.3 |
| S&P 500 |
1,503 |
0.5 |
6.4 |
5.4 |
| FTSE |
6,284 |
0.3 |
8.2 |
6.6 |
| CAC |
3,778 |
0.7 |
10.0 |
3.8 |
| DAX |
7,858 |
1.4 |
8.7 |
3.2 |
| Hang Seng* |
23,681 |
0.4 |
9.9 |
4.5 |
| Nikkei* |
10,891 |
(0.3) |
21.9 |
4.8 |
| Emerging market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Shanghai Comp |
2,313 |
0.9 |
11.9 |
1.9 |
| Brazil Bovespa |
61,170 |
(1.3) |
5.8 |
0.4 |
| Mexico Bolsa |
45,576 |
0.3 |
8.9 |
4.3 |
| Kospi* |
1,937 |
(0.5) |
2.4 |
(3.0) |
| Straits* |
3,272 |
0.1 |
7.0 |
3.3 |
| * Markets are open |
|
|
|
|
| Institutional activity |
|
| (Rs cr) |
Cash |
F&O |
MTD |
YTD |
| FIIs |
- |
348 |
16,427 |
16,427 |
| MFs |
(216) |
- |
(2,994) |
(2,994) |
| FIIs Prov. |
587 |
|
|
|
| MFs Prov. |
(332) |
|
|
|
| Commodities |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Crude (US$/bbl) |
96.0 |
0.1 |
11.2 |
4.5 |
| Gold (US$/oz) |
1,660 |
0.1 |
(3.0) |
(0.9) |
| Copper (US$/mt) |
7,998 |
(0.8) |
2.4 |
1.1 |
| Aluminium (US$/mt) |
2,011 |
(1.5) |
5.2 |
(1.5) |
| Zinc (US$/mt) |
2,066 |
(0.4) |
15.0 |
0.8 |
| Currency |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Rs/US$ |
53.69 |
0.0 |
0.1 |
2.4 |
| US$/GBP |
1.58 |
(0.2) |
(1.7) |
(3.0) |
| US$/EUR |
1.35 |
(0.1) |
4.3 |
2.0 |
| Yen/US$ |
91.03 |
0.1 |
(12.3) |
(4.7) |
| Advance/Decline stocks |
|
|
| (Nos) |
25-Jan-13 |
24-Jan-13 |
| Adv |
926 |
270 |
| Dec |
585 |
1,264 |
| Unch |
76 |
54 |
| A/D ratio (x)* |
1.58 |
0.21 |
| *A/D excluding Unch |
|
|
|
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| Trade value |
|
|
| (Rs cr) |
|
% chg |
| Cash NSE |
12,915 |
(13.9) |
| Cash BSE |
2,317 |
(8.2) |
| Total Cash |
15,232 |
(13.1) |
| Delivery (%) |
40.4 |
0.0 |
| Derivatives |
145,377 |
252.0 |
| Bond Market |
|
|
| |
Last close |
Bps chg |
| 10yr Gsec |
7.88 |
0.01 |
| Call rate |
7.90 |
(0.10) |
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