Wednesday, May 10, 2006

Indian Stock Market - Morning Update (Thursday)

Daily Indian Stock Market Update

The US Markets are looking bit low and Asian markets are mixed this morning, Dow was up 0.02% while Nasdaq was down by -0.75%.SSE is up by 1.04%,Taiwan Index is down -0.01%,Nikkei is down by -0.09% and FTSE 100 (Europe) is down by -0.36%.

NOTE:
- RPL gets listed on NSE and BSE today
- MSCI raises India weightage

Indian ADR's
Most Major ADRS were down today,except for banking stocks
Technology :
Infosys 81.13 -1.29 -1.57%
Satyam 36.49 -0.62 -1.67%
Wipro 14.07 -0.02 -0.14%
Patni 16.86 -0.09 -0.53%

Banking ADRs:
HDFC Bank 62.88 +0.41 +0.66%
ICICI Bank 30.27 +0.12 +0.40%
Others:
VSNL 21.09 -0.52 -2.41%
Dr. Reddy's Lab 36.89 -0.85 -2.25%
Tata Motors 21.82 -0.14 -0.64%
MTNL 9.43 -0.27 -2.78%


Stock Picks: All are Day Trading Picks
- Bajaj Hindustan
- BalramPur Chenni
- RIL
- RPL

The global indices

Global Markets/Indices this morning:
America
DOW 11,642.65 +2.88 +0.02%
Nasdaq 2,320.74 -17.51 -0.75%
MXX 21,781.070 -41.859 -0.19%

Europe
FTSE 100 6,083.40 -22.20 -0.36%

China
Shanghai Composite 1,567.305 +21.618 +1.40%
Hang Seng 17,098.99 +18.40 +0.11%

Japan
Nikkei 225 16,937.43 -14.5 -0.09%

Taiwan
Taiwan Weighted 7,316.03 -8.68 -0.12%

Jakartha
Composite Index 1,543.142 +3.741 +0.24%


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