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| India Infoline Research Team / 08:35 , Sep 07, 2010 |
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Bulls would have no regrets for most positions taken in recent times thanks to an electrifying buying of sorts across the board. But then today is another day and things could turn out to be different. |
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“When you can think of yesterday without regret and tomorrow without fear, you are near contentment.” Anonymous.
Bulls would have no regrets for most positions taken in recent times thanks to an electrifying buying of sorts across the board. But then today is another day and things could turn out to be different.
So, one should be a little bit careful even as the bulls look to lift the key indices further up. Today’s start will be steady to cautious but the sentiment could turn around by the close. Small- and Mid-cap counters will remain abuzz but don’t get carried away.
Asian markets are mixed to flat. European markets finished marginally higher on lower volumes. The US markets were closed for Labor Day.
Central banks in Japan and Australia are set to leave key rates steady today. Bank of Canada will take a call on rates tomorrow. The Bank of England will review its policy on Thursday.
The RBI meets on Sept. 16. The latest IIP data will be out on Sept. 10 and August inflation on Sept. 14. The Nifty may surpass 5600 and go even farther but expect some resistance. Near-term support is likely at around 5550.
| ADR/GDR |
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|
| |
Latest (US$) |
Price % chg |
% Prem/Disc |
| Dr. Reddys |
30.6 |
2.3 |
(0.6) |
| HDFC Bk |
169.6 |
1.3 |
19.4 |
| ICICI Bk |
43.3 |
0.5 |
(3.0) |
| ITC |
3.6 |
0.9 |
(0.0) |
| Infosys |
60.7 |
1.5 |
(0.3) |
| Satyam |
5.0 |
6.8 |
25.2 |
| Ranbaxy |
11.1 |
0.9 |
(0.8) |
| Reliance |
40.9 |
1.9 |
(0.2) |
| Wipro |
13.5 |
3.4 |
55.5 |
| SBI |
121.0 |
2.1 |
(1.5) |
| Tata Motors |
22.7 |
1.1 |
2.0 |
| Sterlite |
13.9 |
(0.6) |
293.1 |
| L&T |
38.0 |
(4.6) |
(3.5) |
| Indian market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Sensex |
18,560 |
1.9 |
10.6 |
6.3 |
| Nifty |
5,577 |
1.8 |
10.8 |
7.2 |
| BSE 100 |
2,384 |
1.6 |
11.7 |
9.4 |
| BSE 200 |
7,559 |
1.6 |
12.4 |
10.5 |
| CNX Midcap |
9,021 |
1.1 |
15.9 |
21.4 |
| BSE Smallcap |
10,095 |
1.8 |
18.5 |
20.8 |
| Developed market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Dow Jones |
10,448 |
1.2 |
5.2 |
0.2 |
| Nasdaq |
2,234 |
1.5 |
0.7 |
(1.6) |
| S&P 500 |
1,105 |
1.3 |
3.7 |
(0.9) |
| FTSE |
5,439 |
0.2 |
7.3 |
0.5 |
| CAC |
3,685 |
0.3 |
7.9 |
(6.4) |
| DAX |
6,155 |
0.3 |
4.2 |
3.3 |
| Hang Seng* |
21,359 |
0.0 |
10.2 |
(2.3) |
| Nikkei* |
9,280 |
(0.2) |
(2.5) |
(12.0) |
| S&P/ASX200* |
4,575 |
(0.0) |
5.8 |
(6.1) |
| * Markets are open |
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| Emerging market |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Shanghai Comp |
2,690 |
(0.2) |
7.1 |
(17.9) |
| Brazil Bovespa |
66,747 |
0.1 |
9.1 |
(2.7) |
| Mexico Bolsa |
32,747 |
0.5 |
6.5 |
1.9 |
| Kospi* |
1,794 |
0.1 |
9.5 |
6.6 |
| Micex |
1,409 |
(0.1) |
6.6 |
2.8 |
| Taiwan* |
7,908 |
0.2 |
10.5 |
(3.4) |
| Straits* |
3,026 |
(0.3) |
10.0 |
4.4 |
| * Markets are open |
|
|
|
|
| Institutional activity |
|
| (Rs cr) |
Cash |
F&O |
MTD |
YTD |
| FIIs |
486 |
1,348 |
10,647 |
58,549 |
| MFs |
- |
- |
(2,818) |
(15,168) |
| FIIs Prov. |
947 |
|
|
|
| MFs Prov. |
392 |
|
|
|
| Commodities |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Crude (US$/bbl) |
74.0 |
(0.8) |
3.6 |
(6.7) |
| Gold (US$/oz) |
1,248 |
(0.1) |
0.7 |
13.8 |
| Copper (US$/mt) |
7,694 |
0.8 |
23.1 |
4.8 |
| Aluminium (US$/mt) |
2,165 |
2.1 |
17.1 |
(1.5) |
| Zinc (US$/mt) |
2,166 |
2.1 |
34.5 |
(14.3) |
| Advance/Decline stocks |
|
|
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|
| (Nos) |
A |
B |
S |
Total |
| Adv |
167 |
1,356 |
303 |
2,072 |
| Dec |
31 |
589 |
106 |
881 |
| Unch |
3 |
76 |
18 |
123 |
| A/D ratio (x)* |
5.4 |
2.3 |
2.9 |
2.4 |
| *A/D excluding Unch |
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| Trade value |
|
|
| (Rs cr) |
|
% chg |
| Cash NSE |
14,893 |
19.7 |
| Cash BSE |
5,041 |
13.1 |
| Total Cash |
19,934 |
18.0 |
| Delivery (%) |
43.0 |
- |
| Derivatives |
114,399 |
75.3 |
| Currency |
|
% change |
| |
Last close |
1 day |
3 mth |
YTD |
| Rs/US$ |
46.55 |
(0.2) |
1.2 |
(0.0) |
| Rs/EUR |
59.17 |
(1.2) |
(5.2) |
12.6 |
| US$/GBP |
1.54 |
(0.2) |
6.2 |
(5.0) |
| US$/EUR |
1.28 |
(0.6) |
7.3 |
(10.6) |
| Yen/US$ |
84.23 |
0.0 |
8.5 |
10.4 |
| Bond market |
|
|
| |
Last Close (%) |
Bps chg |
| 10yr Gsec |
7.99 |
0.03 |
| Call rate |
4.50 |
(0.13) |
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