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| India Infoline Research Team / 08:50 , Mar 10, 2010 |
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It's been a year since the market has bid farewell it its lows. Meanwhile, the Sensex has galloped by over 100% in a year; albeit with a couple of corrections. The story ahead doesn't appear as promising as yet. For the day, we don’t expect any broad movement as the sentiment has softened a bit. Global markets are also insipid to say the least. Given this backdrop, we expect a flat to slightly positive start and another anemic session. Select stock specific action may of course continue to hog limelight. |
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Modern calendars mar the sweet simplicity of our lives by reminding us that each day that passes is the anniversary of some perfectly uninteresting event.
It's been a year since the market has bid farewell it its lows. Meanwhile, the Sensex has galloped by over 100% in a year; albeit with a couple of corrections. The story ahead doesn't appear as promising as yet. For the day, we don’t expect any broad movement as the sentiment has softened a bit. Global markets are also insipid to say the least. Given this backdrop, we expect a flat to slightly positive start and another anemic session. Select stock specific action may of course continue to hog limelight.
Technically, the NSE Nifty faces resistance at 5200 while support is likely to kick in at 5000. A break beyond this range is not expected anytime soon. Much will hinge on global cues and fund flows; also don’t forget local data points like IIP and inflation.
Meanwhile, in Parliament, it has taken 14 long years for India to pass the Women’s Reservation Bill in Rajya Sabha. The Bill is yet to be cleared by the Lok Sabha.
ADR/GDR
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Latest (US$)
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Price % chg
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% Prem/Disc
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Dr. Reddys
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25.9
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0.0
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1.1
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HDFC Bk
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127.0
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0.1
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6.6
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ICICI Bk
|
40.9
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0.2
|
0.8
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ITC
|
5.5
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(0.2)
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(0.0)
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Infosys
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59.5
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(0.7)
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1.1
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Satyam
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5.4
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(5.1)
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25.6
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Ranbaxy
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9.9
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(2.9)
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(0.4)
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Reliance
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43.5
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(1.8)
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0.2
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Wipro
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22.9
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0.3
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49.1
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SBI
|
91.1
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(1.7)
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1.7
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Tata Motors
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18.5
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2.6
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8.6
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Sterlite
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17.6
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(2.3)
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(0.3)
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L&T
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35.0
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(0.6)
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0.5
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Indian market
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% change
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Last close
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1 day
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3 mth
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YTD
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Sensex
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17,053
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(0.3)
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(0.4)
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(2.4)
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Nifty
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5,102
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(0.4)
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(0.2)
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(1.9)
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BSE 100
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2,153
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(0.6)
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0.3
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(1.3)
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BSE 200
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6,778
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(0.6)
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0.8
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(0.9)
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CNX Midcap
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7,564
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(0.6)
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3.1
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1.8
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BSE Smallcap
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8,531
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(0.7)
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7.2
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2.1
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Developed market
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% change
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Last close
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1 day
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3 mth
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YTD
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Dow Jones
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10,564
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0.1
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2.2
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1.3
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Nasdaq
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2,341
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0.4
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7.2
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3.2
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S&P 500
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1,140
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0.2
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4.1
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2.3
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FTSE
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5,602
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(0.1)
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7.7
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3.5
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CAC
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3,910
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0.2
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4.1
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(0.7)
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DAX
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5,886
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0.2
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4.2
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(1.2)
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Hang Seng*
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21,194
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(0.1)
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(2.3)
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(3.1)
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Nikkei*
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10,559
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(0.1)
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7.1
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0.1
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S&P/ASX200*
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4,812
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(0.2)
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4.5
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(1.2)
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* Markets are open
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Emerging market
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% change
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Last close
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1 day
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3 mth
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YTD
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Shanghai Comp
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3,080
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0.4
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(5.3)
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(6.0)
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Brazil Bovespa
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69,576
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1.5
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2.3
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1.4
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Mexico Bolsa
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32,514
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(0.0)
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2.7
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1.2
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Kospi*
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1,658
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(0.1)
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0.3
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(1.4)
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Micex
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1,413
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(0.1)
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7.7
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3.1
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Taiwan*
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7,761
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(0.1)
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1.1
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(5.2)
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Straits*
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2,858
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0.6
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2.7
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(1.4)
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* Markets are open
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Institutional activity
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(Rs cr)
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Cash
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F&O
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MTD
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YTD
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FIIs
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2,259
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(282)
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10,717
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8,357
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MFs
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(201)
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-
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(1,382)
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(3,205)
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FIIs Prov.
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2,173
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|
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MFs Prov.
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(172)
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Commodities
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% change
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Last close
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1 day
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3 mth
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YTD
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Crude (US$/bbl)
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81.2
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(0.3)
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15.2
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2.4
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Gold (US$/oz)
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1,122
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0.0
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(0.8)
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2.3
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Copper (US$/mt)
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7,475
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0.5
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8.3
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1.8
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Aluminium (US$/mt)
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2,228
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1.2
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2.4
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1.4
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Zinc (US$/mt)
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2,346
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0.2
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3.0
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(7.2)
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Advance/Decline stocks
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(Nos)
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A
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B
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S
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Total
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Adv
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50
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634
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176
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1,043
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Dec
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154
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1,206
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257
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1,780
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Unch
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0
|
44
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9
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64
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A/D ratio (x)*
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0.3
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0.5
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0.7
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0.6
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*A/D excluding Unch
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Trade value
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(Rs cr)
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% chg
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Cash NSE
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13,109
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(13.7)
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Cash BSE
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7,230
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49.0
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Total Cash
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20,339
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1.4
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Delivery (%)
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41.8
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-
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Derivatives
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52,434
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(12.1)
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Currency
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% change
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Last close
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1 day
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3 mth
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YTD
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Rs/US$
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45.64
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0.2
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2.0
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2.0
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Rs/EUR
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61.79
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(0.3)
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11.3
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7.8
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US$/GBP
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1.50
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(0.2)
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(8.1)
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(7.4)
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US$/EUR
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1.36
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(0.0)
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(7.7)
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(5.1)
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Yen/US$
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90.02
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0.1
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(2.0)
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3.3
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Bond market
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Last Close (%)
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Bps chg
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10yr Gsec
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7.98
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(0.02)
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Call rate
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3.15
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(0.15)
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