Monday, April 24, 2006

Indian Stock Market - Morning Update (Tuesday)

Global Markets looks almost flat today, Dow is down -0.10% while Nasdaq is down -0.4%. Asian and European markets are in red SSE is down by -0.90% while FSTE 100 is down by -0.50%.
Oil prices cooled down a bit and have come down to $73

Indian ADR's
Major ADRS were down today
Technology :
Infosys was down 1.4%
Satyam was up 1.2%
Wipro is down 0.48%
Patni Computers is down 0.95%.
Banking ADRs:
HDFC Bank down 6.45%
ICICI Bank down 3.17%
Others:
VSNL is down 0.75%
Dr. Reddy's Lab is down 1.57%
Tata Motors is down 1.85%
MTNL up 1.55%

- Results to be announced today

Stock Picks: All are Day Trading Picks
- Reliance Capital
- Cipla
- Wipro
- Sun Pharma
- MTNL

The global indices

Global Markets/Indices this morning:
US
DOW 11,336.32 -11.13 -0.10%
Nasdaq 2,333.38 -9.48 -0.40%

Europe

FTSE 100 6,098.70 -34.00 -0.55%

China
Shanghai Composite 1,396.547 -13.239 -0.94%
Hang Seng 16,690.99 -14.68 -0.09%

Japan
Nikkei 225 16,952.779 +38.38 +0.23%

Taiwan

Taiwan Weighted 7,078.86 -17.18 -0.24%

Jakartha

Jakartha Composite Index 1,441.964 -0.901 -0.06%


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