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| India Infoline Research Team / 08:49 , Apr 13, 2012 |
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The thought of Friday the 13th need not worry you. The start today is likely to be a good one, thanks in part to the continuation of the global rally. Infosys will be in the spotlight. More than the Q.. |
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Don't listen to their words, fix your attention on their deeds
- Albert Einstein
The thought of Friday the 13th need not worry you. The start today is likely to be a good one, thanks in part to the continuation of the global rally. Infosys will be in the spotlight. More than the Q4 results, market and analysts will focus on its FY13 guidance.
IIP data has been pretty erratic, raising doubts about the accuracy of the numbers. Even the RBI governor had expressed his exasperation about the wild fluctuations in IIP data. But, the sharp downward revision in January IIP numbers has stunned most people. Some time ago, the Government had revised its exports figures as well. The reliability of economic statistics is under serious threat. Still, the downbeat IIP numbers have increased the odds of a rate cut on April 17.
Stock indices in the US and Europe surged while most Asian markets are higher this morning. China’s GDP grew by 8.1% in Q1 CY12 vs. 8.9% in Q4 CY11, lower than consensus estimate. South Korea has left rates steady. North Korea’s rocket launch has reportedly failed. Singapore’s economy did well in Q1. Spanish premier says his country will not need a bailout.
| ADR/GDR |
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|
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| |
Latest (US$) |
Price % chg |
% Prem/Disc |
| Dr. Reddys |
33.8 |
0.7 |
2.8 |
| HDFC Bk |
34.1 |
2.0 |
10.5 |
| ICICI Bk |
34.8 |
1.8 |
2.0 |
| ITC |
4.6 |
2.3 |
0.2 |
| Infosys |
56.8 |
0.5 |
6.5 |
| Ranbaxy |
9.9 |
5.1 |
1.1 |
| Reliance |
29.2 |
2.0 |
1.2 |
| Wipro |
10.8 |
0.6 |
26.5 |
| SBI |
86.8 |
3.6 |
0.5 |
| Tata Motors |
28.4 |
2.5 |
2.3 |
| Sterlite |
8.5 |
3.9 |
3.6 |
| L&T |
25.2 |
1.6 |
0.8 |
| Indian market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Sensex |
17,333 |
0.8 |
7.3 |
12.1 |
| Nifty |
5,277 |
0.6 |
8.4 |
14.1 |
| BSE 100 |
2,155 |
0.8 |
9.7 |
16.5 |
| BSE 200 |
6,761 |
0.8 |
10.0 |
17.0 |
| CNX Midcap |
7,652 |
0.1 |
15.0 |
25.2 |
| BSE Smallcap |
6,842 |
1.0 |
10.9 |
23.3 |
| Developed market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Dow Jones |
12,987 |
1.4 |
4.5 |
6.3 |
| Nasdaq |
3,056 |
1.3 |
12.7 |
17.3 |
| S&P 500 |
1,388 |
1.4 |
7.6 |
10.3 |
| FTSE |
5,710 |
1.3 |
1.3 |
2.5 |
| CAC |
3,270 |
1.0 |
2.3 |
3.5 |
| DAX |
6,743 |
1.0 |
9.8 |
14.3 |
| Hang Seng* |
20,630 |
1.5 |
7.4 |
11.9 |
| Nikkei* |
9,639 |
1.2 |
13.4 |
14.0 |
| S&P/ASX200* |
4,314 |
0.8 |
2.8 |
6.3 |
| * Markets are open |
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| Emerging market |
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% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Shanghai Comp |
2,352 |
0.0 |
4.8 |
6.9 |
| Brazil Bovespa |
63,058 |
2.9 |
6.6 |
11.1 |
| Mexico Bolsa |
39,358 |
0.5 |
7.7 |
6.2 |
| Kospi* |
2,001 |
0.7 |
6.7 |
9.6 |
| Micex |
1,502 |
(0.3) |
2.6 |
7.1 |
| Taiwan* |
7,774 |
1.5 |
8.3 |
9.9 |
| Straits* |
2,996 |
0.6 |
7.3 |
13.2 |
| * Markets are open |
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| Institutional activity |
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| (Rs cr) |
Cash |
F&O |
MTD |
YTD |
| FIIs |
(372) |
402 |
138 |
44,176 |
| MFs |
(250) |
- |
(634) |
(6,063) |
| FIIs Prov. |
136 |
|
|
|
| MFs Prov. |
237 |
|
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| Commodities |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Crude (US$/bbl) |
103.4 |
(0.2) |
4.8 |
4.6 |
| Gold (US$/oz) |
1,673 |
(0.1) |
2.1 |
7.0 |
| Copper (US$/mt) |
8,266 |
2.3 |
3.4 |
8.9 |
| Aluminium (US$/mt) |
2,065 |
0.2 |
(3.2) |
3.5 |
| Zinc (US$/mt) |
2,045 |
2.2 |
4.4 |
11.9 |
| Advance/Decline stocks |
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| (Nos) |
A |
B |
S |
Total |
| Adv |
93 |
1,014 |
230 |
1,337 |
| Dec |
110 |
1,086 |
233 |
1,432 |
| Unch |
2 |
111 |
37 |
150 |
| A/D ratio (x)* |
0.8 |
0.9 |
1.0 |
0.9 |
| *A/D excluding Unch |
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| Trade value |
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| (Rs cr) |
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% chg |
| Cash NSE |
10,707 |
(3.2) |
| Cash BSE |
2,144 |
(8.2) |
| Total Cash |
12,851 |
(4.1) |
| Delivery (%) |
37.9 |
- |
| Derivatives |
93,938 |
(18.2) |
| Currency |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Rs/US$ |
51.59 |
0.3 |
(0.0) |
2.9 |
| Rs/EUR |
67.76 |
0.3 |
(2.9) |
1.5 |
| US$/GBP |
1.59 |
(0.1) |
4.1 |
2.6 |
| US$/EUR |
1.32 |
(0.1) |
3.9 |
1.7 |
| Yen/US$ |
81.08 |
0.2 |
(5.1) |
(5.1) |
| Bond market |
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| |
Last Close (%) |
Bps chg |
| 10yr Gsec |
8.58 |
(0.01) |
| Call rate |
8.75 |
(0.10) |
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