|
|
| India Infoline Research Team / 08:45 , Jul 31, 2012 |
|
The Reserve Bank of India says the ball is in the Government’s court and wants the centre to provide the impetus and the stimulus to boost investment and revive growth... |
|
Continuous effort - not strength or intelligence - is the key to unlocking our potential
- Winston Churchill
The Reserve Bank of India says the ball is in the Government’s court and wants the centre to provide the impetus and the stimulus to boost investment and revive growth.
Calling for aggressive steps, the RBI in its monetary policy review stated that persistent inflation limits the scope for monetary policy to revive growth. We won’t speculate on what the RBI will do in a few hours but there is hardly any room for cheer unless the RBI governor springs a positive surprise for the market. Status quo is the expectation.
Monday was a happy day as the Nifty and the Sensex had gained following a widespread rally across sectors including power, realty, capital goods, banks, consumer durables and auto. Outside the market some happiness of course came with the first Olympic medal of the London Games for India. The indices may remain muted at start as the previous rally may fail to sustain. Global investors are not keen on making any major bets as they await some action from the US and European central bankers later this week.
Cipla – Revenues Rs19.8bn (27% yoy), PAT Rs3.3bn (28% yoy).
| ADR/GDR |
|
|
|
| |
Latest (US$) |
Price % chg |
% Prem/Disc |
| Dr. Reddys |
29.6 |
0.8 |
1.1 |
| HDFC Bk |
34.4 |
(0.6) |
8.4 |
| ICICI Bk |
35.3 |
1.1 |
1.6 |
| ITC |
4.6 |
1.0 |
0.1 |
| Infosys |
39.5 |
(0.3) |
(0.7) |
| Ranbaxy |
8.9 |
0.0 |
(0.4) |
| Reliance |
26.4 |
1.5 |
0.6 |
| Wipro |
7.9 |
(0.9) |
31.2 |
| SBI |
78.4 |
1.0 |
7.2 |
| Tata Motors |
20.2 |
1.5 |
1.4 |
| Sterlite |
7.5 |
0.3 |
0.6 |
| L&T |
24.7 |
2.3 |
0.5 |
| Indian market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Sensex |
17,144 |
1.8 |
(1.0) |
10.9 |
| Nifty |
5,200 |
3.1 |
(0.9) |
12.4 |
| BSE 100 |
2,104 |
2.0 |
(1.5) |
13.7 |
| BSE 200 |
6,572 |
1.9 |
(1.9) |
13.7 |
| CNX Midcap |
7,140 |
1.1 |
(4.4) |
16.8 |
| BSE Smallcap |
6,440 |
1.3 |
(4.8) |
16.0 |
| Developed market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Dow Jones |
13,073 |
(0.0) |
(1.1) |
7.0 |
| Nasdaq |
2,946 |
(0.4) |
(3.3) |
13.1 |
| S&P 500 |
1,385 |
(0.0) |
(0.9) |
10.2 |
| FTSE |
5,694 |
1.2 |
(0.8) |
2.2 |
| CAC |
3,321 |
1.2 |
3.4 |
5.1 |
| DAX |
6,774 |
1.3 |
0.2 |
14.8 |
| Hang Seng* |
19,732 |
0.7 |
(6.5) |
7.0 |
| Nikkei* |
8,683 |
0.5 |
(8.8) |
2.7 |
| S&P/ASX200* |
4,276 |
0.7 |
(2.7) |
5.4 |
| * Markets are open |
|
|
|
|
| Emerging market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Shanghai Comp |
2,109 |
(0.0) |
(12.0) |
(4.1) |
| Brazil Bovespa |
57,241 |
1.2 |
(7.4) |
0.9 |
| Mexico Bolsa |
41,333 |
(0.3) |
4.7 |
11.5 |
| Kospi* |
1,869 |
1.3 |
(5.7) |
2.3 |
| Micex |
1,429 |
1.6 |
(3.0) |
1.9 |
| Taiwan* |
7,212 |
0.7 |
(3.9) |
2.0 |
| Straits* |
3,023 |
(0.3) |
1.5 |
14.2 |
| * Markets are open |
|
|
|
|
| Institutional activity |
|
| (Rs cr) |
Cash |
F&O |
MTD |
YTD |
| FIIs |
642 |
2,175 |
9,067 |
42,194 |
| MFs |
31 |
- |
(1,855) |
(7,914) |
| FIIs Prov. |
929 |
|
|
|
| MFs Prov. |
(234) |
|
|
|
| Commodities |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Crude (US$/bbl) |
89.9 |
0.1 |
(14.3) |
(9.0) |
| Gold (US$/oz) |
1,623 |
0.1 |
(2.5) |
3.8 |
| Copper (US$/mt) |
7,534 |
(0.3) |
(11.7) |
(0.7) |
| Aluminium (US$/mt) |
1,865 |
0.1 |
(10.3) |
(6.5) |
| Zinc (US$/mt) |
1,853 |
0.1 |
(9.8) |
1.4 |
| Advance/Decline stocks |
|
|
|
|
| (Nos) |
A |
B |
S |
Total |
| Adv |
179 |
1,167 |
270 |
1,616 |
| Dec |
24 |
830 |
289 |
1,143 |
| Unch |
0 |
86 |
33 |
119 |
| A/D ratio (x)* |
7.5 |
1.4 |
0.9 |
1.4 |
| *A/D excluding Unch |
|
|
|
|
| Trade value |
|
|
| (Rs cr) |
|
% chg |
| Cash NSE |
9,229 |
(13.5) |
| Cash BSE |
1,694 |
(25.4) |
| Total Cash |
10,923 |
(15.6) |
| Delivery (%) |
40.5 |
- |
| Derivatives |
80,961 |
(23.7) |
| Currency |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Rs/US$ |
55.59 |
0.4 |
(5.1) |
(4.5) |
| Rs/EUR |
68.21 |
0.3 |
2.2 |
0.8 |
| US$/GBP |
1.57 |
0.1 |
(3.2) |
1.2 |
| US$/EUR |
1.23 |
0.1 |
(7.3) |
(5.3) |
| Yen/US$ |
78.19 |
0.0 |
2.1 |
(1.6) |
| Bond market |
|
|
| |
Last Close (%) |
Bps chg |
| 10yr Gsec |
8.14 |
0.02 |
| Call rate |
8.05 |
0.00 |
|
|
|
|
|
|
|
|