Indian Stock Market - Morning Outlook (Friday)

All the global ques are in RED this morning, Yesterday the US markets closed down.
Dow closed down -0.54% and Nasdaq closed down -0.85%.
This morning most of the Asian markets are trading in RED, Hang Seng is down -0.78%, Nikkei is down -1.44% and Taiwan Index is down -0.97%

Sensex had good buying support yesterday and with this kind of global 'Q' coming in today , we could expect sell-off at this higher levels and today being the last trading day for the week, one could expect some profit-bookings.


All Indian ADR's except Satyam closed in RED on Thursday:

Technology :
WIPRO LTD.    12.05    -0.02    -0.17%
INFOSYS TECHN ADS    71.66    -0.43    -0.60%
PATNI COMPUTER SY    14.25    -0.02    -0.14%
SATYAM COMPUTER S    32.21    0.07    0.22%

Banking ADRs:
HDFC BANK LTD    50.31    -0.49    -0.96%
ICICI BK LTD ADS    24.24    -0.53    -2.14%

Others:
DR. REDDY'S LAB L    26.93    -0.38    -1.39%
VIDESH SANCHAR NE    16.15    -0.55    -3.29%
TATA MOTORS INC    16.89    -0.45    -2.60%
MAHANAGAR TEL ADS    6.82    -0.13    -1.87%


Global Indices:

America
DOW JONES INDUSTR    11019.11    -60.35    -0.54%
NASDAQ COMPOSITE    2122.98    -18.22    -0.85%
IBOVESPA SAO PAUL    34316.77    0    0.00%
IPC    18188.4    32.189    0.18%


Europe
FTSE 100    5684.1    19.1    0.34%

Asia

China
HANG SENG INDEX    15702.53    -124.17    -0.78%
SSE Composite Ind    1593.486    -2.58    -0.16%

Japan
NIKKEI 225    14917.59    -218.1    -1.44%

Taiwan
TSEC weighted ind    6422.04    -63.11    -0.97%

Jakartha
Composite Index    1285.618    -17.832    -1.37%


NEWS:
- Stiff bond yield curve signals hardening interest rate
- Govt allows duty-free wheat imports by pvt trade
- CCEA okays 10 pc stake sale in Nalco, NLC


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