Indian Stock Market - Morning Outlook (Friday)

The global cues are great this morning, Yesterday US markets closed in GREEN, the fed hinted that there might not be any rate-hike as it was expected.
Dow closed up +1.98% and Nasdaq closed up +2.96%.

This morning the Asian markets are looking good as well, Hang Seng is up +1.84%, Nikkei is up +1.90% and Taiwan Index is up +1.27%.

With these cues we can expect Sensex to move up firmly today.

All Indian ADR's closed high :

Technology :
WIPRO LTD.    12.59    0.44    3.62%
INFOSYS TECHN ADS    74.98    2.28    3.14%
PATNI COMPUTER SY    14.49    0.27    1.90%
SATYAM COMPUTER S    33.3    1.15    3.58%

Banking ADRs:
HDFC BANK LTD    52.96    3.4    6.86%
ICICI BK LTD ADS    24    1.51    6.71%

Telecom:
VIDESH SANCHAR NE    17.65    0.3    1.73%
MAHANAGAR TEL ADS    6.81    0.37    5.75%

Others:
DR. REDDY'S LAB L    27.84    0.55    2.02%
TATA MOTORS INC    17.25    1.05    6.48%


Global Indices:

America
DOW JONES INDUSTR    11190.8    217.24    1.98%
NASDAQ COMPOSITE    2174.38    62.54    2.96%
IBOVESPA SAO PAUL    36486.672    0    0.00%
IPC    18908.33    806.5    4.46%


Europe
FTSE 100    5791.5    112.9    1.99%


Asia

China
HANG SENG INDEX    16157.35    292.13    1.84%
SSE Composite Ind    1673.794    2.176    0.13%


Japan
NIKKEI 225    15407.94    286.79    1.90%

Taiwan
TSEC weighted ind    6691.32    83.93    1.27%

Jakartha
Composite Index    1304.183    29.439    2.31%


NEWS:
- TCS will spend Rs 1,300 crore on capital expenditure and add 30,000 jobs
- PC sales cross 5 mn units in FY06

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