Monday, May 08, 2006

Indian Stock Market - Morning Update (Tuesday)

Daily Indian Stock Market Update

The Global Markets are looking mixed this morning, Dow and Nasdaq were marginally up by 0.06% and 0.10%. Asian markets are also mixed SSE is up by 1.07%,Taiwan Index is down -0.34%,Nikkei is down by -0.25% and FTSE 100 (europe) is down by 0.40%.


NOTE:

- Patel Engineering IPO closes today


Indian ADR's
Most Major ADRS were mixed today, tech was down, while banking was up
Technology :
Infosys 81.80 -0.37 -0.45%
Satyam 37.26 -0.04 -0.11%
Wipro 13.92 -0.78 -5.31%
Patni 16.92 -0.01 -0.06%

Banking ADRs:
HDFC Bank 63.50 +2.36 +3.86%
ICICI Bank 30.12 +0.17 +0.57%
Others:
VSNL 21.82 -0.08 -0.37%
Dr. Reddy's Lab 38.12 +0.45 +1.19%
Tata Motors 21.64 -0.16 -0.73%
MTNL 9.61 +0.13 +1.37%


Stock Picks:
All are Day Trading Picks
- RIL
- Sun Pharma

The global indices
Global Markets/Indices this morning:
America
DOW 11,584.54 +6.80 +0.06%
Nasdaq 2,344.99 +2.42 +0.10%
MXX 21,608.670 +371.221 +1.75%

Europe
FTSE 100 6,067.10 -24.60 -0.40%

China
Shanghai Composite 1,513.19 +16.086 +1.07%
Hang Seng 17,216.43 -85.36 -0.49%

Japan
Nikkei 225 17,248.561 -43.11 -0.25%

Taiwan
Taiwan Weighted 7,448.90 -25.15 -0.34%

Jakartha
Composite Index 1,520.333 +12.407 +0.82%


News:
- NIIT Tech buys UK co for $25m
- VSNL to buy Direct Internet for Rs 75 cr

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