|
|
| India Infoline Research Team / 08:30 , Sep 01, 2010 |
|
Tuesday’s late recovery could well spill into today’s session, at least in early trades. Asian markets are mildly positive. Extrapolating the global trend, we expect a steady to higher start for Indian bourses. The advance may sustain, provided there is no fresh bad news or imaginary evils from any corner of the world. |
|
Don't let us make imaginary evils, when you know we have so many real ones to encounter. – O Goldsmith
Tuesday’s late recovery could well spill into today’s session, at least in early trades. Asian markets are mildly positive. Extrapolating the global trend, we expect a steady to higher start for Indian bourses. The advance may sustain, provided there is no fresh bad news or imaginary evils from any corner of the world.
It’s the first trading session of a new month, which means lots of new data points to absorb and analyse. Back home, we will get monthly Auto and Cement sales aside from the trade data. Globally, the markets will closely follow the manufacturing PMI figures, particularly that for China and the US. But the most awaited data is the US monthly payroll report that will be out on Friday.
Talking of data, reports suggest some discrepancies in Q1 GDP numbers. May be the Government’s statistical office could have a credible explanation. Nevertheless, India is likely to grow at upwards of 8% in FY11. The big question is whether a slowing global economy will bite off a few percentage points from the GDP.
| ADR/GDR |
|
|
|
| |
Latest (US$) |
Price % chg |
% Prem/Disc |
| Dr. Reddys |
28.8 |
1.4 |
(0.6) |
| HDFC Bk |
159.8 |
0.3 |
17.5 |
| ICICI Bk |
41.3 |
1.0 |
(0.5) |
| ITC |
3.5 |
1.7 |
(0.3) |
| Infosys |
57.3 |
(0.1) |
(0.6) |
| Satyam |
4.5 |
0.2 |
33.0 |
| Ranbaxy |
10.6 |
2.2 |
1.2 |
| Reliance |
39.1 |
(3.2) |
0.1 |
| Wipro |
12.8 |
(0.9) |
50.9 |
| SBI |
117.8 |
(1.3) |
0.2 |
| Tata Motors |
21.4 |
1.1 |
(0.2) |
| Sterlite |
12.9 |
0.4 |
301.5 |
| L&T |
38.5 |
(3.4) |
(0.1) |
| Indian market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Sensex |
17,971 |
(0.3) |
8.4 |
2.9 |
| Nifty |
5,402 |
0.0 |
8.7 |
3.9 |
| BSE 100 |
2,303 |
(0.4) |
9.2 |
5.6 |
| BSE 200 |
7,290 |
(0.4) |
9.5 |
6.5 |
| CNX Midcap |
8,680 |
0.0 |
13.3 |
16.8 |
| BSE Smallcap |
9,541 |
(1.0) |
12.7 |
14.2 |
| Developed market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Dow Jones |
10,015 |
0.0 |
(0.1) |
(4.0) |
| Nasdaq |
2,114 |
(0.3) |
(4.9) |
(6.8) |
| S&P 500 |
1,049 |
0.0 |
(2.0) |
(5.9) |
| FTSE |
5,225 |
0.5 |
1.2 |
(3.5) |
| CAC |
3,491 |
0.1 |
(0.4) |
(11.3) |
| DAX |
5,925 |
0.2 |
(0.9) |
(0.5) |
| Hang Seng* |
20,580 |
0.2 |
5.6 |
(5.9) |
| Nikkei* |
8,870 |
0.5 |
(8.7) |
(15.9) |
| S&P/ASX200* |
4,488 |
1.9 |
1.7 |
(7.9) |
| * Markets are open |
|
|
|
|
| Emerging market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Shanghai Comp |
2,656 |
0.6 |
3.4 |
(19.0) |
| Brazil Bovespa |
65,145 |
1.4 |
5.3 |
(5.0) |
| Mexico Bolsa |
31,680 |
0.9 |
1.4 |
(1.4) |
| Kospi* |
1,762 |
1.1 |
8.1 |
4.7 |
| Micex |
1,369 |
(0.1) |
3.3 |
(0.1) |
| Taiwan* |
7,664 |
0.6 |
5.1 |
(6.4) |
| Straits* |
2,971 |
0.7 |
9.4 |
2.5 |
| * Markets are open |
|
|
|
|
| Institutional activity |
|
| (Rs cr) |
Cash |
F&O |
MTD |
YTD |
| FIIs |
273 |
1,348 |
10,647 |
58,549 |
| MFs |
8 |
- |
(2,818) |
(15,168) |
| FIIs Prov. |
288 |
|
|
|
| MFs Prov. |
(595) |
|
|
|
| Commodities |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Crude (US$/bbl) |
72.3 |
0.5 |
(0.4) |
(8.9) |
| Gold (US$/oz) |
1,246 |
(0.1) |
1.7 |
13.6 |
| Copper (US$/mt) |
7,426 |
(0.3) |
7.5 |
1.1 |
| Aluminium (US$/mt) |
2,042 |
(0.1) |
1.5 |
(7.0) |
| Zinc (US$/mt) |
2,034 |
(1.5) |
6.8 |
(19.6) |
| Advance/Decline stocks |
|
|
|
|
| (Nos) |
A |
B |
S |
Total |
| Adv |
65 |
589 |
124 |
922 |
| Dec |
140 |
1,353 |
285 |
1,993 |
| Unch |
0 |
79 |
20 |
112 |
| A/D ratio (x)* |
0.5 |
0.4 |
0.4 |
0.5 |
| *A/D excluding Unch |
|
|
|
|
| Trade value |
|
|
| (Rs cr) |
|
% chg |
| Cash NSE |
14,102 |
33.4 |
| Cash BSE |
4,364 |
4.8 |
| Total Cash |
18,466 |
25.3 |
| Delivery (%) |
44.0 |
- |
| Derivatives |
106,141 |
21.5 |
| Currency |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Rs/US$ |
47.08 |
0.3 |
(1.5) |
(1.2) |
| Rs/EUR |
59.05 |
(1.0) |
(2.5) |
12.8 |
| US$/GBP |
1.54 |
0.1 |
4.9 |
(5.0) |
| US$/EUR |
1.27 |
0.0 |
3.7 |
(11.4) |
| Yen/US$ |
84.49 |
0.3 |
7.6 |
10.1 |
| Bond market |
|
|
| |
Last Close (%) |
Bps chg |
| 10yr Gsec |
7.95 |
(0.06) |
| Call rate |
5.10 |
(0.10) |
|
|
|
|
|
|
|
|