Thursday, June 01, 2006

Indian Stock Market - Morning Update (Friday)

Most of the global markets are in green this morning, Dow is up 0.82%, Nasdaq is up 1.88%. Today morning Asian markets are also seen a bit mixed, Nikkei is down -0.5%, SSE Index is down -0.46% and FTSE 100 is up 0.45%.
Today is the last trading day of the week and Sensex already shedding 780+ points this week, today becomes very critical.

Today's Stock Picks:Day Trading
- Cipla
- Wipro

Indian ADR's
All Indian ADR'S were mixed,
Technology :
Infosys 71.24 +0.64 +0.91%
Satyam 32.25 +0.08 +0.25%
Wipro 11.91 -0.08 -0.67%
Patni 15.50 -0.20 -1.27%

Banking ADRs:
HDFC Bank 53.83 +0.89 +1.68%
ICICI Bank 26.85 +0.25 +0.94%
Others:
VSNL 16.53 -0.21 -1.25%
Dr. Reddy's Lab 27.60 -1.40 -4.83%
Tata Motors 16.88 +0.08 +0.48%
MTNL 7.49 +0.15 +2.04%


Global Indices:

America
DOW 11,260.28 +91.97 +0.82%
NASDAQ 2,219.86 +40.99 +1.88%
MXX 19,128.631 +450.711 +2.41%

Europe
FTSE 100 5,749.70 +25.90 +0.45%

Asia

China
HAND SENG Index 15,687.35 +42.08 +0.27%
SSE Composite 1,676.408 -7.787 -0.46%

Japan
Nikkei 15,425.74 -78 -0.50%

Taiwan
TSEC weighted index 6,924.84 +52.00 +0.76%

Jakartha
Composite Index 1,325.345 +3.785 +0.29%


NEWS:
- GMR group lines up Rs 1,200 crore IPO
- Wipro buys Portugal co Enabler for Rs 240 cr
- Steel companies hike prices again
- IT-ITES exports rise 33 pc at $24 b


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