Monday, July 24, 2006

Good Global cues might move up Sensex today

The global cues are looking great this morning, US markets closed up Yesterday on news of multibillion-dollar buyout of HCA Inc and upbeat earnings from a pair of drugmakers.
Down closed up +1.68% and Nasdaq also closed up by +2.05%.

This morning the Asian markets are in line with US stocks, currently Hang Seng is up +1.07%, Nikkei is up +1.83% and Taiwan Index is up +1.00%.

Key Points for Dalal Street today:
- Great Global cues
- Few of the Companies announcing their Q1 results today:
APOLLO HOSPITALS ENTERPRISE
BHARAT EARTH MOVERS LTD
SIEMENS LTD
SRF LTD
YES BANK LIMITED
INDIABULLS FINANCIAL SERVICES
ULTRATECH CEMENT LIMITED
SHREE RENUKA SUGARS
IL&FS INVESTSMART LTD
TATA MOTORS LIMITED


All Indian ADR's closed up yesterday:

Technology
WIPRO LTD.    11.85    0.55    4.87%
INFOSYS TECHN ADS    39.39    1.21    3.17%
PATNI COMPUTER SY    11.86    0.05    0.42%
SATYAM COMPUTER S    33.62    1.62    5.06%

Banking
HDFC BANK LTD    52.23    3.83    7.91%
ICICI BK LTD ADS    25.31    3.06    13.75%

Telecom
VIDESH SANCHAR NE    15.2    0.52    3.54%
MAHANAGAR TEL ADS    6    0.36    6.38%

Others
DR. REDDY'S LAB L    27.34    0.25    0.92%
TATA MOTORS INC    14.9    0.63    4.41%


Global Indices:

America
DOW JONES INDUSTR    11051.05    182.67    1.68%
NASDAQ COMPOSITE    2061.84    41.45    2.05%
IBOVESPA SAO PAUL    36224.391    713.99    2.01%
IPC    19938.699    411.33    2.11%


Europe
FTSE 100    5833.9    114.2    2.00%


Asia

China
HANG SENG INDEX    16657.6    177.01    1.07%
SSE Composite Ind    1683.984    18.04    1.08%

Japan
NIKKEI 225    15065.91    271.41    1.83%

Taiwan
TSEC weighted ind    6423.05    63.42    1.00%

Jakartha
Composite Index    1310.839    7.689    0.59%



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