Thursday, April 20, 2006

Indian Stock Market - Morning Update (Friday)

Global markets are looking mixed today, Dow is up +64 points or 0.57% where as Nasdaq is down by -8.3 14.7 points or -0.35%. Other global markets are trading strongly, Nikkei is up +96 points and Taiwan index is up by +35 points.
RIL powered rally made the Sensex cross 12,000 landmark yesterday. We got to be a bit cautious today and make moves.

Corporate Results to be announced today

Stock Picks:
All are Day Trading Picks
- Infosys
- RIL
- Reliance Energy
- TCS


Global Markets/Indices this morning:

US
Dow 11,342.89 +64.12 +0.57%
Nasdaq 2,362.55 -8.33 -0.35%

Brazil & Mexico
Bovespa 39,774.59 -163.15 -0.41%
MXX 19,979.539 +46.449 +0.23%

China
Shanghai Composite 1,401.54 +15.64 +1.13%
Hang Seng 16,908.35 -35.99 -0.21%

Japan
Nikkei 225 17,413.75 +96.22 +0.56%

Taiwan
Taiwan Weighted 7,138.35 +35.61 +0.50%

News:
- Sona Koyo to consider bonus issue
- MFs bigger buyers, not FIIs
- Zensar Tech net doubles to Rs 34 cr
- TCS to hold 64% stake in Chinese JV

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