Sector Indices

Name Value Change %
BSE Carbonex 1,274.64 3.5 0.3
BSE Greenex 2,122.40 1.0 0.0
BSE INFRA 181.27 [0.6] [0.3]
BSE SME IPO 877.94 1.7 0.2
BSE 100 7,871.71 19.5 0.2
BSE 200 3,174.10 6.3 0.2
BSE 500 9,931.69 14.8 0.1

Bulls in control! Nifty eyeing 7800

India Infoline Research Team / 08:48 , Jul 23, 2014

The market seems to be ignoring any geo-political tension that comes its way these days. Fund flow into stocks continues with renewed optimism even as indices look geared to scale higher peaks in coming weeks.

The outlook is a positive start with the Nifty eyeing the 7,800 mark. Over 250 stocks touched their 52-week highs, of which 58 stocks hit record highs. Even though indices have skyrocketed, the market cap in US dollars among the Top 10 countries shows that India is the only one that's trading at a discount of 8% to its peak, while the rest are at par or close to their highest levels, says a report. In 2010, the market cap of Indian stocks was $1.62 trillion, while currently it is $1.49 trillion, a report in ET adds. The market will look at filling in this gap if sentiment remains upbeat for longer.

Global cues are positive too. US closed higher with earnings on expected lines and economic data coming in better. Apple Inc missed revenue forecasts but reported third-quarter earnings that met expectations.

Results preview: Cairn Rev Rs44.2bn (+8.8% yoy), PAT Rs25.4bn (-18.8% yoy)

Indian market   % change
  Last close 1 day 3 mth YTD
Sensex 26,026 1.2 13.8 22.9
Nifty 7,768 1.1 13.6 23.2
BSE 100 7,852 1.0 14.4 24.1
BSE 200 3,168 0.9 15.5 25.2
CNX Midcap 10,996 0.1 23.5 36.2
BSE  Small Cap 10,269 (0.0) 34.3 56.7
BSE 100 Futs 7,762 0.4 13.2 22.4
Sensex Futs 19,773 (23.1) 14.1 22.4
Developed market   % change
  Last close 1 day 3 mth YTD
Dow Jones 17,114 0.4 3.7 3.2
Nasdaq 4,456 0.7 8.0 6.7
S&P 500 1,984 0.5 5.8 7.3
FTSE 6,795 1.0 1.8 0.7
CAC 4,370 1.5 (1.8) 1.7
DAX 9,734 1.3 2.0 1.9
Hang Seng* 23,901 0.5 6.2 2.5
Nikkei* 15,349 0.0 5.5 (5.8)
Emerging market   % change
  Last close 1 day 3 mth YTD
Shanghai Comp 2,087 0.5 0.9 (1.4)
Brazil Bovespa 57,983 0.6 12.4 12.6
Mexico Bolsa 44,257 0.3 9.8 3.6
Kospi* 2,028 (0.0) 1.4 0.8
Straits* 3,333 0.5 2.3 5.2
* Markets are open



Institutional activity
(Rs cr) Cash F&O MTD YTD
FIIs (543) 1,185 11,588 71,101
MFs 159 - 2,298 (5,324)
FIIs Prov. 1,004


MFs Prov. (356)


Commodities   % change
  Last close 1 day 3 mth YTD
Crude (US$/bbl) 102.1 (0.3) 0.7 3.8
Gold (US$/oz) 1,308 0.1 1.9 8.5
Copper (US$/mt) 7,038 0.1 5.3 (4.6)
Aluminium (US$/mt) 2,025 1.1 9.2 15.4
Zinc (US$/mt) 2,360 1.3 14.0 15.0
Currency   % change
  Last close 1 day 3 mth YTD
Rs/US$ 60.25 (0.1) 0.9 2.6
US$/GBP 1.71 0.0 1.7 3.1
US$/EUR 1.35 (0.0) (2.6) (2.0)
Yen/US$ 101.42 (0.0) 1.1 3.8
Advance/Decline stocks    
(Nos) 15-Jul-14 14-Jul-14
Adv 1,137 586
Dec 409 954
Unch 51 47
A/D ratio (x)* 2.78 0.61
*A/D excluding Unch



Trade value    
(Rs cr)   % chg
Cash NSE 14,489 5.4
Cash BSE 2,590 8.5
Total Cash 17,079 5.8
Delivery (%) 40.2 0.0
Derivatives 194,861 365.8
Bond Market    
  Last close Bps chg
10yr Gsec 8.69 0.00
Call rate 9.00 (0.05)

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