Wild swings near resistance zone

India Infoline News Service | Mumbai |

The Nifty has been trading within a narrow range of 250 points (6200-5960) with support at 200DMA and resistance at 6200.

The RBI governor, Raghuram Rajan has again said that inflation remains the biggest threat to growth. He was quick to add in an interview that the government and RBI are not on a different page regarding inflation though 'they (govt) may have different views on what they would like to see done.' Rajan again made it clear that the Federal Reserve should take into account the impact of its withdrawal of monetary stimulus on emerging economies.

 

The mood in the market appears upbeat to begin with. FIIs remain net buyers. The Nifty has been trading within a narrow range of 250 points (6200-5960) with support at 200DMA and resistance at 6200. The rollover for Nifty and broader market will be similar to January rollovers in percentage terms. The F&O expiry takes place tomorrow on account of a holiday on Thursday.

 

Global markets seem to be in good cheer akin to the Indian market's performance on Monday. Asian markets are up. Nikkei gained 1.2% while Hong Kong's Hang Seng is marginally higher. South Korea's Kospi is up close to a percent while China's Shanghai is a tad lower. South Korea's won has gained while China's yuan has fallen the most since December 2012.


Indian market   % change
  Last close 1 day 3 mth YTD
Sensex 20,811 0.5 1.0 (1.7)
Nifty 6,186 0.5 1.2 (1.9)
BSE 100 6,152 0.4 0.6 (2.8)
BSE 200 2,461 0.4 0.9 (2.7)
CNX Midcap 7,691 0.4 3.2 (4.7)
BSE  Small Cap 6,416 0.3 7.0 (2.1)
BSE 100 Futs 6,160 0.3 2.5 (2.9)
Sensex Futs 19,773 (4.5) 2.9 (2.1)
Developed market   % change
  Last close 1 day 3 mth YTD
Dow Jones 16,207 0.6 0.8 (2.2)
Nasdaq 4,293 0.7 7.5 2.8
S&P 500 1,848 0.6 2.5 (0.0)
FTSE 6,866 0.4 2.6 1.7
CAC 4,419 0.9 2.7 2.9
DAX 9,709 0.5 4.4 1.6
Hang Seng* 22,434 0.2 (5.3) (3.7)
Nikkei* 15,029 1.3 (3.8) (7.7)
Emerging market   % change
  Last close 1 day 3 mth YTD
Shanghai Comp 2,075 (0.1) (5.1) (1.9)
Brazil Bovespa 47,394 0.0 (9.3) (8.0)
Mexico Bolsa 39,793 0.2 (2.8) (6.9)
Kospi* 1,962 0.7 (2.7) (2.5)
Straits* 3,109 0.1 (2.2) (1.8)
* Markets are open
Institutional activity
(Rs cr) Cash F&O MTD YTD
FIIs 3,375 (1,987) 647 505
MFs (201) - (2,247) (3,638)
FIIs Prov. 267
MFs Prov. (248)
Commodities   % change
  Last close 1 day 3 mth YTD
Crude (US$/bbl) 102.5 (0.3) 8.9 4.1
Gold (US$/oz) 1,334 (0.3) 6.6 10.6
Copper (US$/mt) 7,134 (1.1) 0.5 (3.3)
Aluminium (US$/mt) 1,719 (0.5) (1.1) (2.1)
Zinc (US$/mt) 2,052 0.3 9.0 (0.0)
Currency   % change
  Last close 1 day 3 mth YTD
Rs/US$ 62.06 (0.1) 0.7 (0.4)
US$/GBP 1.67 0.0 3.1 0.6
US$/EUR 1.37 (0.0) 1.6 (0.1)
Yen/US$ 102.50 (0.0) (0.8) 2.7
Advance/Decline stocks    
(Nos) 10-Dec-13 9-Dec-13
Adv 435 669
Dec 910 707
Unch 94 90
A/D ratio (x)* 0.48 0.95
*A/D excluding Unch
Trade value    
(Rs cr)   % chg
Cash NSE 13,991 5.6
Cash BSE 2,124 (2.2)
Total Cash 16,115 4.5
Delivery (%) 44.9 0.0
Derivatives 121,504 192.0
Bond Market    
  Last close Bps chg
10yr Gsec 8.89 0.00
Call rate 7.80 (0.20)
 
 

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