Gudi Padwa: Sour start for stock market

India Infoline Research Team | Mumbai | April 08, 2016 08:46 IST

The outlook is a weak start. Asian markets have worries of their won and US indices ended in the red. The currency movement, developments on the oil front and FII flows will continue to be routinely checked ahead of the weekend.

As people celebrate Gudi Padwa in Maharashtra and Ugadi in Karnataka and Andhra Pradesh, they will consume a mixture of sweet and sour to symbolise good and bad. The market too is going through a choppy phase and is likely to see more sourness initially. Auto, IT and FMCG stocks led the decline on Thursday followed by realty, capital goods and banking stocks. Mid-cap and small-cap stocks are also mostly on the dumping list. The Nifty has now declined by 2.5% post the Reserve Bank's interest rate reduction announcement on 5th April. While the Bank Nifty has fallen 4.3%, the Nifty PSU Bank index has plunged ~7% since then.
 
The outlook is a weak start. Asian markets have worries of their won and US indices ended in the red. The currency movement, developments on the oil front and FII flows will continue to be routinely checked ahead of the weekend. Expectations of a slowdown in US interest-rate hikes have sapped demand for the greenback.
 
 
Indian market % change
Last close 1 day 3 mth YTD
Sensex 24,685 (0.9) (1.0) (5.5)
Nifty 7,546 (0.9) (0.7) (5.0)
BSE 100 7,656 (0.8) (1.5) (5.5)
BSE 200 3,193 (0.8) (1.9) (5.5)
CNX Midcap 12,706 (0.4) (4.4) (5.2)
BSE  Small Cap 10,003 (0.7) (2.6) (5.9)
BSE 100 Futs 7,696 (0.8) (0.9) (5.0)
Sensex Futs 24,775 (0.5) (0.6) (4.8)
Developed market % change
Last close 1 day 3 mth YTD
Dow Jones 17,542 (1.0) 7.3 0.7
Nasdaq 4,848 (1.5) 4.4 (3.2)
S&P 500 2,042 (1.2) 6.2 (0.1)
FTSE 6,137 (0.4) 3.8 (1.7)
CAC 4,246 (0.9) (2.0) (8.4)
DAX 9,531 (1.0) (3.2) (11.3)
Hang Seng* 20,076 (0.9) (1.8) (8.4)
Nikkei* 15,666 (0.5) (11.5) (17.7)
Emerging market % change
Last close 1 day 3 mth YTD
Shanghai Comp 2,990 (0.6) (6.2) (15.5)
Brazil Bovespa 48,513 0.9 19.5 11.9
Mexico Bolsa 45,052 (0.5) 11.9 4.8
Kospi* 1,960 (0.7) 2.2 (0.1)
Straits* 2,794 (0.7) 1.6 (3.1)
* Markets are open
Institutional activity
(Rs cr) Cash F&O MTD YTD
FIIs 62 -231 -1,040 6,860
MFs 590 - -444 2,636
FIIs Prov. -295
MFs Prov. -16
Commodities % change
Last close 1 day 3 mth YTD
Crude (US$/bbl) 37.9 1.7 14.3 2.3
Gold (US$/oz) 1,237 (0.3) 12.0 16.5
Copper (US$/mt) 4,670 0.4 4.1 (0.7)
Aluminium (US$/mt) 1,503 (0.0) 0.7 (0.3)
Zinc (US$/mt) 1,758 0.2 16.5 9.3
Currency % change
Last close 1 day 3 mth YTD
Rs/US$ 66.47 (0.3) 0.7 (0.5)
US$/GBP 1.41 0.1 (3.1) (4.5)
US$/EUR 1.14 (0.1) 4.0 4.6
Yen/US$ 108.72 0.5 7.9 10.6
Advance/Decline stocks
(Nos) 30-Dec-15 29-Dec-15
Adv 732 650
Dec 810 916
Unch 81 51
A/D ratio (x)* 0.90 0.71
*A/D excluding Unch
Trade value
(Rs cr) % chg
Cash NSE 14,636 1.1
Cash BSE 2,257 (4.2)
Total Cash 16,893 0.3
Delivery (%) 45.4 0.0
Derivatives 3,24,799 5.6
Bond Market
Last close Bps chg
10yr Gsec 7.45 0.00
Call rate 6.10 -0.20
 
 

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