| | | Sharekhans' daily newsletter | | | Market Round-up 9:45 am IST | | | | Market may remain cautious | | The market may start weak on account of bearish international markets. | | The market is likely to remain cautious and witness sideways movement during intra-days. The US market closing flat and major Asian indices like Nikkei and Hang Seng falling around 1% each in morning trades may trigger early selling in the domestic market. However, figures showing strong FII buying might lift the investors sentiment and may lead to buying. On the technical side, the Nifty may get support at 4950 and could test higher levels of 5050, while the Sensex may face resistance at 16900 and has a support at 16600 on the downside.
US indices finished on a flate note on Monday. While the Dow Jones ended in negative at 12825 declined by 24 points, the Nasdaq up by 5 points at 2408.
Indian ADRs witnessed mixed trend. Patni led the downfall with a slump of 4.56% followed by Satyam down by 3.54% while VSNL and Infosys dropped around 1% each. Wipro and Tata Motors were down 0.50% each However, MTNL gained 6.06%, ICICI Bank soared 4.58%, HDFC Bank up with 2.10% and Dr Reddy advanced 0.91% while Rediff reported steady gain.
Crude oil prices in the US market edged higher, with the Nymex light crude oil for May delivery gaining 79 cents to close at $117.48 a barrel and in the commodity space, the Comex gold for June series flared up $2.40 to settle at $917.60 a troy ounce.
| Daily trend of FII/MF investment in equities
On April 19, 2008, FIIs were net buyers of stocks to the tune of Rs699 crore (purchases worth Rs4067.50 crore and sales of Rs3368.50 crore) while domestic mutual funds were net sellers of stocks to the tune of Rs86.30 crore (purchases worth Rs953.70 crore and sales of Rs1039.90 crore). | | | | | A look at the Indian ADRs | | | Company Name | Last Close ($) | % Change | | Infosys | 42.68 | -0.93 | | Satyam | 25.36 | -3.54 | | Wipro | 12.32 | -0.88 | | Dr.Reddy's | 15.60 | 0.91 | | Tata Motors | 15.75 | -0.57 | | ICICI Bank | 44.11 | 4.58 | | HDFC Bank | 107.55 | 2.10 | | MTNL | 5.60 | 6.06 | | VSNL (TCL)* | 24.31 | -1.34 | | Rediff | 9.65 | 0.63 | | Patni Computer | 13.38 | -4.56 | | | | (Indian ADRs: Indian companies listed on the New York Stock Exchange) | | | | Index | Level | Change (pts) | Change (%) | | Nikkei | 13542.81 | -153.74 | -1.12 | | Hang Seng | 24523.79 | -197.88 | -0.80 | | Kospi Index | 1791.33 | -9.15 | -0.51 | | Straits Times | 3160.64 | -10.45 | -0.33 | | Jakarta Composite | 2292.43 | -43.46 | -1.86 | | | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6053.00 | -3.50 | -0.06 | | CAC 40 Index | 4910.35 | -51.34 | -1.03 | | Dax Index | 6786.55 | -56.53 | -0.83 | | | | | | Index | Level | Change (pts) | Change (%) | | Dow Jones | 12825.02 | -24.34 | -0.19 | | Nasdaq | 2408.04 | 5.07 | 0.21 | | | | | To know more about our products and services, click here. | | Note: If you are getting the Pre-market Report later than usual for some reason, you can access it on our website Sharekhan.com in the Live Markets section in two parts at 9:30am and 9:45am. | | "This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.
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