Wednesday, June 21, 2006

Sensex might move up today

The global ques are looking great this morning, Yesterday the US markets faired well with good results from FedEx and Morgan Stanley.
Dow closed up +0.95% and Nasdaq closed down +1.62%.
This morning most of the Asian markets opened in good spirit, Hang Seng is up +1.19%, Nikkei is up +2.33% and Taiwan Index is up +2.7%

Sensex had good buying support yesterday and with this encouraging global 'Q' we can expect Sensex to move up further today.


All Indian ADR's except Dr Reddys closed in GREEN on Wednesday:

Technology :
WIPRO LTD.    12.07    0.21    1.77%
INFOSYS TECHN ADS    72.09    1.4    1.98%
PATNI COMPUTER SY    14.27    0.06    0.42%
SATYAM COMPUTER S    32.14    1.04    3.34%

Banking ADRs:
HDFC BANK LTD    50.8    1.45    2.94%
ICICI BK LTD ADS    24.77    0.23    0.94%

Others:
DR. REDDY'S LAB L    27.31    -0.15    -0.55%
VIDESH SANCHAR NE    16.7    0.65    4.05%
TATA MOTORS INC    17.63    0.89    5.32%
MAHANAGAR TEL ADS    6.95    0.12    1.76%


Global Indices:

America
DOW JONES INDUSTR    11079.46    104.62    0.95%
NASDAQ COMPOSITE    2141.2    34.14    1.62%
IBOVESPA SAO PAUL    34546.641    0    0.00%
IPC    18156.211    374.932    2.11%


Europe
FTSE 100    5665    6.8    0.12%


Asia

China
HANG SENG INDEX    15845.71    186.35    1.19%
SSE Composite Ind    1592.108    -6.008    -0.38%

Japan
NIKKEI 225    14985.53    341.27    2.33%

Taiwan
TSEC weighted ind    6472.23    172.64    2.74%

Jakartha
Composite Index    1301.898    8.611    0.67%




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