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Market Outlook 11th October 2011
Market Outlook 11th October 2011
India Research
October 11, 2011
Dealers Diary
The Indian markets are expected to open gap up on the back of supportive global cues which lead to rally in global markets and positive opening in all the Asian markets in the early market trade. The domestic benchmark indices rallied for the second consecutive day yesterday as positive employment data from the US and easing concerns over euro-zone banks drove investor appetite for risk. Yesterday realty, consumer durable, oil and gas, technology and auto stocks rallied, while defensive healthcare and FMCG stocks closed subdued. Globally, US and European markets extended their upward movement yesterday backed by renewed optimism about the financial situation in Europe as German and France leaders vowed to unveil a new plan to address the European debt crisis by the end of the month which indicated that they have a concrete plan to fix the troubles in the European banking sector. On the global front the key event to watch out today will be UKs industrial production data. Also on the domestic front IIP numbers for August 2011 which will be released tomorrow, will be on the radar as well.
Domestic Indices BSE Sensex Nifty MID CAP SMALL CAP BSE HC BSE PSU BANKEX AUTO METAL OIL & GAS BSE IT Global Indices Dow Jones NASDAQ FTSE Nikkei Hang Seng Straits Times Shanghai Com
Chg (%) 2.0 1.9 1.4 1.0 (0.1) 1.5 1.4 2.3 1.9 2.7 2.9 Chg (%) 3.0 3.5 1.8 1.0 0.0 1.1 (0.6)
(Pts) 91.6 81.0 65.4 (3.4) 106.3 191.7 230.2 149.4 (Pts) 86.7 95.6 83.6 28.0 (14.4)
(Close) 4,980 6,040 6,787 5,841 7,411 8,680 8,681 5,391 (Close) 2,566 5,399 8,606 2,668 2,345
324.7 16,557
330.1 11,433
Markets Today
The trend deciding level for the day is 16,461/4,951 levels. If NIFTY trades above this level during the first half-an-hour of trade then we may witness a further rally up to 16,69216,826/5,0205,060 levels. However, if NIFTY trades below 16,461/4,951 levels for the first half-an-hour of trade then it may correct up to 16,32716,096/4,9114,842 levels.
Indices SENSEX NIFTY S2 16,096 4,842 S1 16,327 4,911 R1 16,692 5,020 R2 16,826 5,060
4.1 17,711
Indian ADRs Infosys Wipro ICICI Bank HDFC Bank Advances / Declines Advances Declines Unchanged
News Analysis
Bonds yields soar to the highest in three years National Telecom Policy 2011 SBI to raise `5,000cr through rights issue by December 2011 2QFY2012 Result Review Sintex Industries
Refer detailed news analysis on the following page
Net Inflows (October 07, 2011) ` cr Purch FII MFs 3,564 528
FII Derivatives (October 10, 2011) ` cr Index Futures Stock Futures Gainers / Losers Gainers Company Amtek Auto Sun TV Network Educomp Sol Tata Motors Jubilant Food Price (`) 131 288 278 171 754 chg (%) 12.7 10.2 9.0 7.4 7.0 Company Maruti Suzuki Voltas Engineers India Neyveli Lignite Adani Power Losers Price (`) 1,073 102 243 75 78 chg (%) (3.6) (2.8) (2.3) (2.0) (2.6) Purch 1,855 1,626 Sales 1,497 1,549 Net 358 77 Open Interest 12,784 26,467
AFS (` cr) 2,897 14,860 4,116 72,000 3,750 25,213 25,355 13,835 22,212 10,390 15,116 11,000 2,658 10,264 2,169 6,028 31,530 1,771
AFS (%) 14.6 33.0 18.0 24.5 11.0 33.5 29.5 30.3 22.0 13.0 29.5 29.6 22.1 17.1 8.6 33.2 37.3 20.9
AFS mod. dur. (years) 3.97 3.64 3.33 3.15 3.15 3.01 2.67 2.67 2.64 2.50 2.19 1.69 1.60 1.59 1.09 0.97 0.62 0.39
Federal Bank*
Source: Company, Angel Research; Note:* AFS + HFT Mod duration, #Latest available data
Corporate News
BHEL wins `4,000cr contract to set up power plant Mahindra Satyam in deal for financial services CRM M&M resumes operations at Rudrapur plant RIL to sign a deal with Disney's UTV
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint
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