Indian Stock Market - Morning Update (Friday)

Daily Indian Stock Market Update

The global markets are in red today, Dow is down -1.22%, Nasdaq is down -2.07%. Asian markets are also seen in the same mood, Nikkei is down -2.44%, Taiwan Index is down -0.77% and FTSE 100 is down -0.68%.
The markets were down due to the raising commodities prices and fear that Fed will continue raising the interests.


Indian ADR's
Major Indian ADRS were down today,except for Dr Reddys and VSNL
Technology :
Infosys 78.61 -2.52 -3.11%
Satyam 35.39 -1.10 -3.01%
Wipro 13.79 -0.28 -1.99%
Patni 16.60 -0.26 -1.54%

Banking ADRs:
HDFC Bank 61.48 -1.40 -2.23%
ICICI Bank 29.62 -0.65 -2.15%
Others:
VSNL 21.23 +0.14 +0.66%
Dr. Reddy's Lab 37.03 +0.14 +0.38%
Tata Motors 21.14 -0.68 -3.12%
MTNL 9.06 -0.37 -3.92%


Stock Picks: Day Trading calls
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Global Indices:
America
DOW 11,500.73 -141.92 -1.22%
NASDAQ 2,272.70 -48.05 -2.07%
MXX 21,435.270 -345.801 -1.59%

Europe
FTSE 100 6,042.00 -41.40 -0.68%

Asia

China
HAND SENG Index 16,880.539 -260.24 -1.52%
SSE Composite 1,581.12 +43.743 +2.85%

Japan
Nikkei 16,451.051 -411.09 -2.44%

Taiwan
TSEC weighted index 7,304.60 -56.85 -0.77%

Jakartha
Composite Index 1,539.135 -13.927 -0.90%

News:
- Reliance group mkt cap crosses Rs 2 trillion
- Birlas may sell cement business to French firm


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