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Indices set to open flat

India Infoline News Service | Mumbai |

The RBI cut CRR by 25 basis points. Its decision to keep the key interest rate unchanged led to the indices witnessing a drop not seen for the last three weeks.

The RBI seems to have a mind of its own when it comes to its policy measures.  The Finance minister isnt impressed and has hinted that Government intends to face the challenge of reviving growth on its own.

The RBI cut CRR by 25 basis points. Its decision to keep the key interest rate unchanged led to the indices witnessing a drop not seen for the last three weeks.

The Bankex shed over 2%. With Tuesdays fall, the Nifty has broken out of its trading range we have been mentioning for a while violating the key support of 5630 levels. That level may well turn into a new resistance for the time being.

The opening is set to be flat with no major triggers really. Corporate results will continue to be eyed. The Asian markets are mostly positive. U.S. markets remained closed on Tuesday on account of the storm Sandy.

Indian market  % change
 Last close1 day3 mthYTD
Sensex18,431 (1.1)6.9 19.3
Nifty5,598 (1.2)7.1 21.1
BSE 1005,593 (1.2)7.0 21.6
BSE 2002,264 (1.2)7.1 22.3
CNX Midcap7,682 (1.1)7.2 25.7
BSE  Small Cap6,955 (1.3)7.9 25.3
Developed market % change
 Last close1 day3 mthYTD
Dow Jones13,107 0.0 0.2 7.3
Nasdaq2,988 0.1 1.0 14.7
S&P 5001,412 (0.1)1.9 12.3
FTSE5,850 0.9 3.8 5.0
CAC3,459 1.5 5.1 9.5
DAX7,284 1.1 7.6 23.5
Hang Seng*21,555 0.6 8.9 16.9
Nikkei*8,920 0.9 2.6 5.5
Emerging market % change
 Last close1 day3 mthYTD
Shanghai Comp2,061(0.1)(2.0)(6.3)
Brazil Bovespa57,6840.9 2.8 1.6
Mexico Bolsa41,599(0.5)2.2 12.2
Kospi*1,9120.7 1.6 4.7
Straits*3,035(0.1)(0.0)14.7
* Markets are open



Institutional activity
(Rs cr)CashF&OMTDYTD
FIIs(25)527 10,160 93,940
MFs(69)-(2,254)(14,909)
FIIs Prov.(192)


MFs Prov.(32)


Commodities % change
 Last close1 day3 mthYTD
Crude (US$/bbl)85.8 0.1 (2.6)(13.2)
Gold (US$/oz)1,711 0.1 6.0 9.4
Copper (US$/mt)7,722 0.3 2.5 1.7
Aluminium (US$/mt)1,882 0.7 1.0 (5.6)
Zinc (US$/mt)1,815 1.8 (2.1)(0.7)
Currency % change
 Last close1 day3 mthYTD
Rs/US$53.97 (0.2)3.0 (1.7)
US$/GBP1.61 0.1 2.6 3.5
US$/EUR1.30 0.0 5.4 0.0
Yen/US$79.53 (0.1)(1.8)
 

 
 
 
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