Dalal street morning outlook (Tuesday)

All global cues are looking weak this morning, US markets closed mixed Yesterday, mainly due to downgrade of the tech sector by Merrill Lynch and earnings warning from EMC.
Down closed up by +0.12% and Nasdaq also closed down by -0.62%.

This morning the Asian markets followed the weak US markets, currently Nikkei is down -0.90%, Hang Seng is down -0.68% and Taiwan Index is down -0.24%

With these cues we can expect Sensex have a volatile day.The tech earnings season start tomorrow when Infosys announces it's numbers.


Key Notes for today:
- Down grade of tech sector by Merrill Lynch
- Lower than expected earnings warning from EMC


All Indian ADR's surged yesterday:

Technology
WIPRO LTD.    12.58    0.06    0.48%
INFOSYS TECHN ADS    77.75    1.31    1.71%
PATNI COMPUTER SY    14.01    0.13    0.94%
SATYAM COMPUTER S    33.3    0.19    0.57%

Banking
HDFC BANK LTD    53.01    0.01    0.02%
ICICI BK LTD ADS    22.83    0.16    0.71%

Telecom
VIDESH SANCHAR NE    17.27    0.52    3.10%
MAHANAGAR TEL ADS    6.47    0.12    1.89%

Others
DR. REDDY'S LAB L    28.99    0.76    2.69%
TATA MOTORS INC    16.98    0.38    2.29%


Global Indices:

America
DOW JONES INDUSTR    11103.55    12.88    0.12%
NASDAQ COMPOSITE    2116.93    -13.13    -0.62%
IBOVESPA SAO PAUL    36140.641    38.74    0.11%
IPC    19700.15    -129.449    -0.65%


Europe
FTSE 100    5896.9    8    0.14%

Asia

China
HANG SENG INDEX    16490.75    -113.06    -0.68%
SSE Composite Ind    1733.805    -0.524    -0.03%


Japan
NIKKEI 225    15412.41    -140.4    -0.90%

Taiwan
TSEC weighted ind    6666.7    -15.76    -0.24%

Jakartha
Composite Index    1345.243    5.413    0.40%



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