Sunday, June 25, 2006

Indian Stock Market - Morning Outlook (Monday)

The global cues are mixed this morning, On Friday the US markets closed marginally down.
Dow closed down -0.27% and while Nasdaq closed flat -0.07%.
This morning the Asian markets are trading mixed, Hang Seng is down -0.42%, Nikkei is down -0.90% and Taiwan Index is up -0.80%

Sensex had a great week behind and a special trading session on Sunday which saw lot of volatility with a swing of about 150 points before closing up 11 points. This was a one hour special trading.


All Indian ADR's except ICICI Bank closed in Green on Friday:

Technology :
WIPRO LTD.    12.14    0.09    0.75%
INFOSYS TECHN ADS    71.77    0.11    0.15%
PATNI COMPUTER SY    14.31    0.06    0.42%
SATYAM COMPUTER S    33.25    1.04    3.23%

Banking ADRs:
HDFC BANK LTD    50.91    0.6    1.19%
ICICI BK LTD ADS    23.49    -0.75    -3.09%

Others:
DR. REDDY'S LAB L    27.53    0.6    2.23%
VIDESH SANCHAR NE    16.38    0.23    1.42%
TATA MOTORS INC    17.15    0.26    1.54%
MAHANAGAR TEL ADS    6.94    0.12    1.76%


Global Indices:

America
DOW JONES INDUSTR    10989.09    -30.02    -0.27%
NASDAQ COMPOSITE    2121.47    -1.52    -0.07%
IBOVESPA SAO PAUL    34661.219    0    0.00%
IPC    18545.73    357.33    1.96%


Europe
FTSE 100    5692.1    8    0.14%

Asia

China
HANG SENG INDEX    15742.72    -66.09    -0.42%
SSE Composite Ind    1630.268    24.557    1.53%

Japan
NIKKEI 225    14988.37    -135.67    -0.90%

Taiwan
TSEC weighted ind    6503.74    51.43    0.80%

Jakartha
Composite Index    1279.883    -10.281    -0.80%


NEWS:
- TCS to invest over Rs 1100 cr in Karnataka
- Tata Coffee to buy US company


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