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| India Infoline Research Team / 08:49 , Aug 01, 2012 |
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There is a power shift in the Centre as far as ministries are concerned. P Chidambaram is back to where he always perhaps was - the finance ministry. While.. |
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Nearly all men can stand adversity, but if you want to test a man's character, give him power.
- Abraham Lincoln
There is a power shift in the Centre as far as ministries are concerned. P Chidambaram is back to where he always perhaps was - the finance ministry. While half of India went without power on Tuesday, there is no full-time Power Minister now as Sushil Kumar Shinde moves to ‘Home.’ Corporate affairs minister Veerappa Moily will have to shoulder additional charge of the power ministry. Reports indicate that a large scale restructuring in portfolio (government) may take place after the monsoon session in September.
The stock market didn’t really run out of power. Nifty managed to regain its lost ground to close above 5200 levels. The 5165 level is a critical reversal point.
The outlook today is a flat start in the early hours. US stocks were lower and Asian indices are mostly in the red. A softer Chinese manufacturing data has hurt sentiment.
India and South Korea will report their latest manufacturing data later today. Expectations of stimulus action this week by the U.S. Federal Reserve and the European Central Bank are also lessening.
| ADR/GDR |
|
|
|
| |
Latest (US$) |
Price % chg |
% Prem/Disc |
| Dr. Reddys |
29.0 |
(1.9) |
0.0 |
| HDFC Bk |
33.9 |
(1.3) |
7.0 |
| ICICI Bk |
34.6 |
(1.8) |
0.2 |
| ITC |
4.6 |
(0.2) |
(0.0) |
| Infosys |
39.6 |
0.2 |
(1.1) |
| Ranbaxy |
8.9 |
(0.2) |
(0.9) |
| Reliance |
26.4 |
0.1 |
(1.1) |
| Wipro |
7.8 |
(0.5) |
27.8 |
| SBI |
77.3 |
(1.3) |
7.3 |
| Tata Motors |
20.2 |
(0.1) |
(0.6) |
| Sterlite |
7.7 |
1.9 |
(0.2) |
| L&T |
24.2 |
(2.0) |
(1.6) |
| Indian market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Sensex |
17,236 |
0.5 |
(0.5) |
11.5 |
| Nifty |
5,229 |
2.5 |
(0.4) |
13.1 |
| BSE 100 |
2,114 |
0.5 |
(1.0) |
14.2 |
| BSE 200 |
6,606 |
0.5 |
(1.4) |
14.3 |
| CNX Midcap |
7,169 |
2.1 |
(4.0) |
17.3 |
| BSE Smallcap |
6,448 |
0.1 |
(4.7) |
16.2 |
| Developed market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Dow Jones |
13,009 |
(0.5) |
(2.0) |
6.5 |
| Nasdaq |
2,940 |
(0.2) |
(3.6) |
12.8 |
| S&P 500 |
1,379 |
(0.4) |
(1.9) |
9.7 |
| FTSE |
5,635 |
(1.0) |
(3.0) |
1.1 |
| CAC |
3,292 |
(0.9) |
2.5 |
4.2 |
| DAX |
6,772 |
(0.0) |
0.2 |
14.8 |
| Hang Seng* |
19,801 |
0.0 |
(6.1) |
7.4 |
| Nikkei* |
8,610 |
(1.0) |
(7.9) |
1.8 |
| S&P/ASX200* |
4,261 |
(0.2) |
(3.8) |
5.0 |
| * Markets are open |
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| Emerging market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Shanghai Comp |
2,123 |
0.9 |
(11.4) |
(3.5) |
| Brazil Bovespa |
56,097 |
(2.0) |
(9.3) |
(1.2) |
| Mexico Bolsa |
40,704 |
(1.5) |
3.2 |
9.8 |
| Kospi* |
1,875 |
(0.4) |
(5.4) |
2.7 |
| Micex |
1,407 |
(1.5) |
(4.5) |
0.3 |
| Taiwan* |
7,245 |
(0.4) |
(3.4) |
2.4 |
| Straits* |
3,032 |
(0.2) |
1.8 |
14.6 |
| * Markets are open |
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|
|
|
| Institutional activity |
|
| (Rs cr) |
Cash |
F&O |
MTD |
YTD |
| FIIs |
- |
577 |
9,067 |
42,194 |
| MFs |
256 |
- |
(1,855) |
(7,914) |
| FIIs Prov. |
929 |
|
|
|
| MFs Prov. |
(234) |
|
|
|
| Commodities |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Crude (US$/bbl) |
87.8 |
(0.3) |
(17.3) |
(11.2) |
| Gold (US$/oz) |
1,614 |
(0.0) |
(2.9) |
3.2 |
| Copper (US$/mt) |
7,552 |
0.2 |
(11.5) |
(0.5) |
| Aluminium (US$/mt) |
1,853 |
(0.6) |
(10.8) |
(7.1) |
| Zinc (US$/mt) |
1,833 |
(1.1) |
(10.8) |
0.3 |
| Advance/Decline stocks |
|
|
|
|
| (Nos) |
A |
B |
S |
Total |
| Adv |
117 |
1,034 |
284 |
1,435 |
| Dec |
85 |
942 |
269 |
1,296 |
| Unch |
1 |
100 |
34 |
135 |
| A/D ratio (x)* |
1.4 |
1.1 |
1.1 |
1.1 |
| *A/D excluding Unch |
|
|
|
|
| Trade value |
|
|
| (Rs cr) |
|
% chg |
| Cash NSE |
10,839 |
17.4 |
| Cash BSE |
1,978 |
16.7 |
| Total Cash |
12,817 |
17.3 |
| Delivery (%) |
39.2 |
- |
| Derivatives |
113,706 |
40.4 |
| Currency |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Rs/US$ |
55.66 |
0.1 |
(5.2) |
(4.7) |
| Rs/EUR |
68.34 |
0.2 |
2.0 |
0.6 |
| US$/GBP |
1.57 |
(0.1) |
(3.4) |
0.8 |
| US$/EUR |
1.23 |
(0.1) |
(7.1) |
(5.1) |
| Yen/US$ |
77.98 |
(0.2) |
2.7 |
(1.4) |
| Bond market |
|
|
| |
Last Close (%) |
Bps chg |
| 10yr Gsec |
8.25 |
0.11 |
| Call rate |
8.05 |
0.00 |
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