Infosys, IIP to dictate movement

India Infoline News Service | Mumbai |

Global cues are not providing any help in keeping up with the recent momentum.

The results season kicks in with Infosys as usual dictating the proceedings initially as it announces its earnings report for the fourth quarter. Investors' anticipation was reflected at the counter on Thursday's with Infosys closing 3.7% higher. A growth in revenues and a slip in net profit is anticipated.  Besides Infosys, investors would also keep an eye on February IIP figures which is expected today. Expectations are that industrial production may have fallen in Feb.


The outlook is expected to be cautious at start. Global cues are not providing any help in keeping up with the recent momentum. The Nikkei is down 0.6%. Taiwan’s Taiex Index is marginally down while Hang Seng.


US Market on Monday marked another day of high gains as sales in US retail sector grow, In the US, the tech sector remained subdued owing to an industry report which showed sharp decline in PC sales. As a result the Nasdaq fell while S&P 500 and Dow ended marginally higher closing at record highs again.


Indian market   % change
  Last close 1 day 3 mth YTD
Sensex 18,542 0.7 (5.7) (4.6)
Nifty 5,594 0.6 (6.0) (5.3)
BSE 100 5,603 0.6 (7.0) (6.2)
BSE 200 2,258 0.5 (7.6) (6.9)
CNX Midcap 7,426 (0.1) (13.1) (12.7)
BSE  Small Cap 5,895 0.6 (20.9) (20.1)
BSE 100 Futs 5,618 0.6 (7.3) (6.7)
Sensex Futs 19,773 7.1 (6.1) (5.3)
Developed market   % change
  Last close 1 day 3 mth YTD
Dow Jones 14,865 0.4 10.2 13.4
Nasdaq 3,300 0.1 5.6 9.3
S&P 500 1,593 0.4 8.2 11.7
FTSE 6,416 0.5 4.8 8.8
CAC 3,776 0.9 1.9 3.7
DAX 7,872 0.8 2.0 3.4
Hang Seng* 22,115 0.1 (4.9) (2.4)
Nikkei* 13,461 (0.6) 24.6 29.5
Emerging market   % change
  Last close 1 day 3 mth YTD
Shanghai Comp 2,212 (0.3) (1.4) (2.5)
Brazil Bovespa 55,401 (1.4) (9.9) (9.1)
Mexico Bolsa 44,408 0.1 (1.1) 1.6
Kospi* 1,943 (0.3) (2.7) (2.7)
Straits* 3,311 0.1 2.9 4.5
* Markets are open        
Institutional activity  
(Rs cr) Cash F&O MTD YTD
FIIs - 2,163 (207) 54,545
MFs 148 - (34) (7,202)
FIIs Prov. 37      
MFs Prov. 58      
Commodities   % change
  Last close 1 day 3 mth YTD
Crude (US$/bbl) 93.3 (0.2) (0.3) 1.6
Gold (US$/oz) 1,562 0.0 (6.1) (6.8)
Copper (US$/mt) 7,579 0.5 (5.5) (4.1)
Aluminium (US$/mt) 1,865
 

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