Indian Stock Market - Morning Outlook (Monday)

All global cues are looking weak this morning, US markets closed down on Friday, the worry was weaker than expected job market in US.
Down closed down by -1.20% and Nasdaq also closed down by -1.16%.

This morning the Asian markets followed the weak US markets, currently Nikkei is down -1.19%, Hang Seng is down -0.20% and Taiwan Index is down -0.61%

With these cues we can expect Sensex to continue the weakness shown on Friday, the only positive picth being the start of earnings season.

Key Notes for today:
- Weak Job growth pulls down US market
- Crude Oil price touches $75 again
- Earning season starts , Infosys announces it's results in 12-Jul, Wipro on 19-Jul and Satyam on 21-Jul


All Indian ADR's closed in RED on friday:

Technology
WIPRO LTD.    12.52    -0.45    -3.47%
INFOSYS TECHN ADS    76.44    -1.62    -2.08%
PATNI COMPUTER SY    13.88    -0.17    -1.21%
SATYAM COMPUTER S    33.11    -1.29    -3.75%

Banking
HDFC BANK LTD    53    -1.26    -2.32%
ICICI BK LTD ADS    22.67    -0.46    -1.99%

Telecom
VIDESH SANCHAR NE    16.75    -1.23    -6.84%
MAHANAGAR TEL ADS    6.35    -0.45    -6.62%

Others
DR. REDDY'S LAB L    28.23    -0.87    -2.99%
TATA MOTORS INC    16.6    -0.5    -2.92%


Global Indices:

America
DOW JONES INDUSTR    11090.67    -134.63    -1.20%
NASDAQ COMPOSITE    2130.06    -25.03    -1.16%
IBOVESPA SAO PAUL    36101.98    -431.15    -1.18%
IPC    19829.6    -218.02    -1.09%


Europe
FTSE 100    5888.9    -1.1    -0.02%

Asia

China
HANG SENG INDEX    16426.83    -32.95    -0.20%
SSE Composite Ind    1717.249    -12.941    -0.75%


Japan
NIKKEI 225    15126.03    -181.58    -1.19%

Taiwan
TSEC weighted ind    6620.27    -40.34    -0.61%

Jakartha
Composite Index    1339.532    -8.373    -0.62%




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