Sunday, April 16, 2006

Indian Stock Market - Morning Update (Monday)

Global markets are looking mixed, Dow cloased at 11,137 and Nasdaq was up by 11 points to close at 2,326. Today morning the chinese market is up , both Shanghai and Hang Seng are up by 0.78%, Taiwan is also up by 0.79% while Nikkei is down 0.72%.
With lot of corporate results being announced this week, we got to just sit back and watch how the markets react. Todays sector to be watched is Technology, Tech giants TCS, Wipro and Satyam are announcing their results this week.

For all reasons todays trade is very crucial and everybody hopes to see the Sensex ends in green.

Stock Picks: All are Day Trading Picks
- ONGC
- Infosys
- Dr Reddys

The global indices
Global Markets/Indices this morning:

China
Shanghai Composite 1,370.101 +10.563 +0.78%
Hang Seng 16,429.449 +118.69 +0.73%

Japan
Nikkei 225 17,110.1 -123.72 -0.72%

Taiwan
Taiwan Weighted 7,007.37 +54.83 +0.79%

News:
- ONGC group’s profit at Rs 15,485 cr
- TCS net profit seen at Rs 796 crore in Q4
- GACL Q3 net profit may increase 15%
- India Inc declares record 94 bonus issues in calendar year 2005

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