Tuesday, April 18, 2006

Indian Stock Market - Morning Update (Wednesday)

Global markets are looking great today, Dow is up +194 points or 1.76% and Nasdaq is up by +44 points or +1.95%. Other global markets are trading strongly as well, Nikkei is up +136 points and Taiwan index is up +63 points.

With good Q4 results, Sensex is moving ahead strongly.
Corporate Results to be announced today

Stock Picks: All are Day Trading Picks
- Infosys
- Wipro
- Satyam
- HCL tech
- JSW Steel
- Reliance Energy
- Reliance

The global indices
Global Markets/Indices this morning:
US
Dow 11,268.77 +194.99 +1.76%
Nasdaq 2,356.14 +44.98 +1.95%

Brazil & Mexico
Bovespa 39,572.469
MXX 19,820.070 +187.730 +0.96%

China
Shanghai Composite 1,386.263 +1.149 +0.08%
Hang Seng 16,832.971 +195.44 +1.17%

Japan
Nikkei 225 17,369.539 +136.68 +0.79%

Taiwan
Taiwan Weighted 7,052.47 +63.01 +0.90%

News:
- Infosys ADS hits 5-yr high of $85.08
- Oracle predicts India's rise on software horizon
- Wipro Q4 net seen up 32%

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