Sector Indices

Name Value Change %
BSE Carbonex 1,263.98 [6.5] [0.5]
BSE Greenex 2,123.98 [8.8] [0.4]
BSE INFRA 177.53 [0.4] [0.2]
BSE SME IPO 891.37 2.5 0.3
BSE 100 7,809.09 [38.4] [0.5]
BSE 200 3,146.31 [14.9] [0.5]
BSE 500 9,834.61 [46.6] [0.5]
 

The Egypt effect

India Infoline Research Team / 08:56 , Jan 31, 2011

The Egypt effect..

Learn from yesterday, live for today, hope for tomorrow. - Albert Einstein.


After last week’s big selloff (that saw the Nifty breaching 200-DMA) many would have hoped for some relief. But those prayers may not yield a desired result, not at least at the start of today’s trading session. World markets have been rattled by the sudden spurt in public unrest in Egypt against the three-decade rule of President Hosni Mubarak.


The Egyptian political turmoil could continue to cast its ugly shadow over world markets for a few days. It is tough to predict which way the cookie will crumble in Egypt. One only hopes that the uprising doesn’t spread in other parts of the Arab world.


Brace for a gap-down opening, as our market reacts to developments in Egypt. Keep an eye on global cues for any improvement in the sentiment. One should remain cautious and wait for the situation to stabilise. We expect investors to take refuge in safe havens like the dollar, yen, gold and government bonds. Crude oil has rallied above $90. The undertone may continue to be fragile for a while and a close below 5450 levels could further aggravate the selling pressure.

Indian market   % change
  Last close 1 day 3 mth YTD
Sensex 18,396 (1.5) (8.2) (10.3)
Nifty 5,512 0.0 (8.4) (10.1)
BSE 100 2,272 (1.9) (10.6) (10.3)
BSE 200 7,138 (2.0) (11.2) (10.3)
CNX Midcap 7,881 0.0 (15.8) (11.0)
BSE Smallcap 8,546 (3.6) (19.4) (11.6)
Developed market   % change
  Last close 1 day 3 mth YTD
Dow Jones 11,824 (1.4) 6.3 2.1
Nasdaq 2,687 (2.5) 7.2 1.3
S&P 500 1,276 (1.8) 7.9 1.5
FTSE 5,881 (1.4) 3.6 (0.3)
CAC 4,002 (1.4) 4.4 5.2
DAX 7,103 (0.7) 7.6 2.7
Hang Seng* 23,377 (1.0) 1.2 1.5
Nikkei* 10,234 (1.2) 11.2 0.0
S&P/ASX200* 4,744 (0.7) 1.8 (0.0)
* Markets are open



Emerging market   % change
  Last close 1 day 3 mth YTD
Shanghai Comp 2,768 0.6 (7.1) (1.4)
Brazil Bovespa 66,698 (2.0) (5.6) (3.8)
Mexico Bolsa 36,840 (1.6) 3.6 (4.4)
Kospi* 2,085 (1.1) 10.7 1.6
Micex 1,735 (0.9) 13.9 2.8
Taiwan* 9,145 0.5 10.4 1.9
Straits* 3,197 (1.0) 1.7 0.2
* Markets are open



Institutional activity
(Rs cr) Cash F&O MTD YTD
FIIs (1,397) 2,298 (4,838) (4,838)
MFs (52) - 591 591
FIIs Prov. (707)


MFs Prov. 81


Commodities   % change
  Last close 1 day 3 mth YTD
Crude (US$/bbl) 90.3 1.1 10.9 (1.2)
Gold (US$/oz) 1,339 0.2 (1.5) (5.7)
Copper (US$/mt) 9,545 1.0 14.6 (1.1)
Aluminium (US$/mt) 2,464 2.3 6.3 0.1
Zinc (US$/mt) 2,338 4.2 (5.2) (4.4)
Advance/Decline stocks        
(Nos) A B S Total
Adv 29 278 53 506
Dec 174 1,523 357 2,386
Unch 2 67 22 117
A/D ratio (x)* 0.2 0.2 0.1 0.2
*A/D excluding Unch



Trade value    
(Rs cr)   % chg
Cash NSE 15,048 (8.5)
Cash BSE 3,675 20.6
Total Cash 18,724 (4.0)
Delivery (%) 46.7 -
Derivatives - -
Currency   % change
  Last close 1 day 3 mth YTD
Rs/US$ 45.76 0.4 (2.7) (2.3)
Rs/EUR 62.24 (0.5) (0.3) (3.9)
US$/GBP 1.59 (0.0) (1.1) 1.6
US$/EUR 1.36 (0.0) (2.1) 1.7
Yen/US$ 82.05 (0.1) (1.9) (1.1)
Bond market    
  Last Close (%) Bps chg
10yr Gsec 8.12 (0.01)
Call rate 6.95 0.25

ADR/GDR      
  Latest (US$) Price % chg % Prem/Disc
Dr. Reddys 35.5 3.3 3.8
HDFC Bk 140.4 (4.1) 4.3
ICICI Bk 43.3 (3.6) (2.7)
ITC 3.7 (0.0) 0.1
Infosys 67.6 (3.5) (2.3)
Ranbaxy 11.9 (1.1) 1.3
Reliance 39.8 (3.2) (0.3)
Wipro 12.8 (4.9) 34.2
SBI 117.4 (3.8) 2.5
Tata Motors 24.7 (6.0) (1.7)
Sterlite 14.2 (4.9) 290.4
L&T 34.7 (3.8) (1.2)