|
|
| India Infoline Research Team / 08:37 , Jul 12, 2012 |
|
The stage is all set to view the results of the performance of technology bellwethers – TCS and Infosys. It’s a quarterly affair, sure. But these remain the triggers for near term direction on the sec.. |
|
Performance stands out like a ton of diamonds. Non performance can always be explained away.
- HS Geneen
The stage is all set to view the results of the performance of technology bellwethers – TCS and Infosys. It’s a quarterly affair, sure. But these remain the triggers for near term direction on the sectors and companies. Markets will also have to contend with IIP data for May.
Infosys will be among the first off the blocks. It is likely to scale back its dollar revenue guidance for FY13 while upgrading rupee EPS due to currency fluctuations. TCS is expected to announce its numbers after the close of trade. TCS’ margins could drop by 50-60 bps due to salary hikes. IIP has been quite volatile, raising doubts about its accuracy. However, it still is an important indicator for the markets.
The opening will be slightly lower given the negative global cues. Asian indices are down, tracking losses on Wall Street, after FOMC minutes showed lack of consensus on QE3. Wall Street has also been jittery about the impact of economic slowdown on corporate earnings. At the same time, people are skeptical of ongoing efforts to address the eurozone debt crisis.
Indian markets have risen on hope of positive policy action, leaving scope for disappointment if the Centre is unable to deliver on promised reforms.
| ADR/GDR |
|
|
|
| |
Latest (US$) |
Price % chg |
% Prem/Disc |
| Dr. Reddys |
29.9 |
0.5 |
1.1 |
| HDFC Bk |
33.7 |
0.0 |
6.3 |
| ICICI Bk |
33.8 |
0.4 |
0.3 |
| ITC |
4.7 |
0.9 |
3.2 |
| Infosys |
43.6 |
0.2 |
(1.8) |
| Ranbaxy |
9.0 |
0.1 |
1.6 |
| Reliance |
26.2 |
(0.6) |
0.6 |
| Wipro |
8.5 |
(0.1) |
26.6 |
| SBI |
82.6 |
1.3 |
3.6 |
| Tata Motors |
21.7 |
(1.7) |
0.0 |
| Sterlite |
7.7 |
0.3 |
1.1 |
| L&T |
26.0 |
1.6 |
0.7 |
| Indian market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Sensex |
17,489 |
(0.7) |
0.9 |
13.2 |
| Nifty |
5,306 |
0.6 |
0.6 |
14.7 |
| BSE 100 |
2,157 |
(0.6) |
0.1 |
16.5 |
| BSE 200 |
6,750 |
(0.5) |
(0.2) |
16.8 |
| CNX Midcap |
7,473 |
0.9 |
(2.3) |
22.3 |
| BSE Smallcap |
6,789 |
(0.2) |
(0.8) |
22.3 |
| Developed market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Dow Jones |
12,605 |
(0.4) |
(2.9) |
3.2 |
| Nasdaq |
2,888 |
(0.5) |
(5.5) |
10.9 |
| S&P 500 |
1,341 |
(0.0) |
(3.3) |
6.7 |
| FTSE |
5,664 |
0.0 |
(0.8) |
1.7 |
| CAC |
3,157 |
(0.6) |
(3.4) |
(0.1) |
| DAX |
6,454 |
0.2 |
(4.3) |
9.4 |
| Hang Seng* |
19,078 |
(1.8) |
(6.1) |
3.5 |
| Nikkei* |
8,761 |
(1.0) |
(8.0) |
3.6 |
| S&P/ASX200* |
4,076 |
(0.5) |
(4.8) |
0.5 |
| * Markets are open |
|
|
|
|
| Emerging market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Shanghai Comp |
2,163 |
(0.6) |
(8.0) |
(1.7) |
| Brazil Bovespa |
53,569 |
(0.3) |
(15.0) |
(5.6) |
| Mexico Bolsa |
40,222 |
0.4 |
2.2 |
8.5 |
| Kospi* |
1,813 |
(0.7) |
(8.7) |
(0.7) |
| Micex |
1,405 |
(1.2) |
(6.4) |
0.2 |
| Taiwan* |
7,164 |
(1.3) |
(6.5) |
1.3 |
| Straits* |
2,970 |
(0.7) |
(0.3) |
12.2 |
| * Markets are open |
|
|
|
|
| Institutional activity |
|
| (Rs cr) |
Cash |
F&O |
MTD |
YTD |
| FIIs |
636 |
(352) |
6,792 |
42,194 |
| MFs |
- |
- |
(1,286) |
(7,345) |
| FIIs Prov. |
84 |
|
|
|
| MFs Prov. |
(357) |
|
|
|
| Commodities |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Crude (US$/bbl) |
85.7 |
(0.2) |
(17.4) |
(13.3) |
| Gold (US$/oz) |
1,572 |
(0.3) |
(6.2) |
0.5 |
| Copper (US$/mt) |
7,548 |
0.8 |
(6.6) |
(0.6) |
| Aluminium (US$/mt) |
1,867 |
(0.6) |
(9.4) |
(6.4) |
| Zinc (US$/mt) |
1,851 |
1.4 |
(7.4) |
1.3 |
| Advance/Decline stocks |
|
|
|
|
| (Nos) |
A |
B |
S |
Total |
| Adv |
69 |
897 |
245 |
0 |
| Dec |
135 |
1,247 |
233 |
2 |
| Unch |
0 |
87 |
25 |
0 |
| A/D ratio (x)* |
0.5 |
0.7 |
1.1 |
0.0 |
| *A/D excluding Unch |
|
|
|
|
| Trade value |
|
|
| (Rs cr) |
|
% chg |
| Cash NSE |
10,105 |
6.2 |
| Cash BSE |
2,043 |
5.8 |
| Total Cash |
12,148 |
6.1 |
| Delivery (%) |
39.3 |
- |
| Derivatives |
87,626 |
(12.7) |
| Currency |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Rs/US$ |
55.64 |
0.4 |
(7.6) |
(4.6) |
| Rs/EUR |
68.28 |
0.2 |
(1.0) |
0.7 |
| US$/GBP |
1.55 |
0.1 |
(2.8) |
(0.2) |
| US$/EUR |
1.22 |
0.0 |
(7.2) |
(5.6) |
| Yen/US$ |
79.51 |
(0.3) |
1.7 |
(3.3) |
| Bond market |
|
|
| |
Last Close (%) |
Bps chg |
| 10yr Gsec |
8.14 |
(0.01) |
| Call rate |
8.10 |
0.00 |
|
|
|
|
|
|
|
|