Sunday, July 02, 2006

Indian Stock Market - Morning Outlook (Monday)

The global cues are in GREEN this morning, on friday US markets closed down.
Dow closed down -0.36% and Nasdaq closed down -0.11%.

This morning the Asian markets are marginally up, Hang Seng is up +0.12%, Nikkei is up +0.48% and Taiwan Index is up +0.40%.

With these cues we can expect Sensex to have another volatile session.

Indian ADR's closed mixed on Friday:

Technology :
WIPRO LTD.    12.83    0.24    1.91%
INFOSYS TECHN ADS    76.41    1.43    1.91%
PATNI COMPUTER SY    14.28    -0.21    -1.45%
SATYAM COMPUTER S    33.14    -0.16    -0.48%

Banking ADRs:
HDFC BANK LTD    54.55    1.59    3.00%
ICICI BK LTD ADS    23.65    -0.35    -1.46%

Telecom:
VIDESH SANCHAR NE    17.55    -0.1    -0.57%
MAHANAGAR TEL ADS    6.87    0.06    0.88%

Others:
DR. REDDY'S LAB L    27.7    -0.14    -0.50%
TATA MOTORS INC    17.25    0    0.00%


Global Indices:

America
DOW JONES INDUSTR   11150.22   -40.58   -0.36%
NASDAQ COMPOSITE   2172.09   -2.29   -0.11%
IBOVESPA SAO PAUL   36630.66   0   0.00%
IPC   19147.17   238.84   1.26%


Europe
FTSE 100   5833.4   41.9   0.72%


Asia

China
HANG SENG INDEX   16286.42   18.8   0.12%
SSE Composite Ind   1686.671   14.46   0.86%


Japan
NIKKEI 225   15580.23   75.05   0.48%

Taiwan
TSEC weighted ind   6731   26.59   0.40%

Jakartha
Composite Index   1314.571   4.308   0.33%




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