As the Sensex declined from 21,000 to below 10,000, all the key valuation parameters fell below the historical averages. The BSE Sensex now trades at a forward P/E of 16.1x v/s the 15-year average of 14.3x, while the P/B multiple has declined from 4.7x to 2.8x. Following the deceleration in earnings momentum, Sensex RoE is now estimated at 18% v/s its peak RoE of 24%. At the current levels, earnings yield to bond yield is 0.8x, close to the long-term average of 0.73x. (At March 2009 Sensex levels of 9,500, it was about 1.3x.) This is one of the important parameters indicating that equities have moved from a stage of undervaluation to their long-term average fair values.
Strong & Weak futures
This is list of 10 strong futures:And this is list of 10 Weak futures:
- Colpal
- Dabur
- EduComp
- ITC
- DrReddy
- Gail
- Maruti
- Patni
- Cipla
- GTOff Shore
Nifty is in Down Trend.
- AdlabsFilm
- Aban
- BajajHind
- EssarOil
- HDIL
- NagarFert
- ChambalFert
- OrchidChem
- Suzlon
- PrajInd
FII DATA
| FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| FII | 10-Jul-2009 | 1713.69 | 2617.01 | -903.32 |
| DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores) | ||||
| Category | Date | Buy Value | Sell Value | Net Value |
| DII | 10-Jul-2009 | 1432.58 | 546.45 | +886.13 |
SPOT LEVELS FOR MONDAY 13TH JULY
 | 4003.90 | ( -1.89 %) | -77.05 |  |
| 1 | 2 | 3 | ||
| Resistance | 4096.97 | 4190.03 | 4250.12 | |
| Support | 3943.82 | 3883.73 | 3790.67 | |
 | 13504.22 | ( -1.84 %) | -253.24 | | |
| 1 | 2 | 3 | |||
| Resistance | 13794.81 | 14085.40 | 14273.61 | ||
| Support | 13316.01 | 13127.80 | 12837.21 | ||
--
Arvind Parekh
+ 91 98432 32381
