Indian Stock Market - Morning Outlook

The global cues are down this morning, US markets were dragged down by tech stocks like Apple and Dell which got re-rated or downgraded and crude oil production being lower than expected in US.
Down closed down by -1.09% and Nasdaq also closed down by -1.81%.

This morning the Asian markets are seen mixed, currently Nikkei is up +0.72%, Hang Seng is down -0.17% and Taiwan Index is down -0.81%

Key Points for Dalal Street today:
Global cues
Companies announcing their Q1 results today - TATA COFFEE, UTI BANK, TRIVENI ENGINEERING & INDUSTRIES and VYSYA BANK
Yesterdays positive move due to Infosys announcing results beating market expectations


Indian ADR's closed mixed yesterday:

Technology
WIPRO LTD.    12.73    0.29    2.33%
INFOSYS TECHN ADS    81.9    3.89    4.99%
PATNI COMPUTER SY    13.53    -0.32    -2.31%
SATYAM COMPUTER S    33.58    0.72    2.19%

Banking
HDFC BANK LTD    51.25    -0.54    -1.04%
ICICI BK LTD ADS    22.4    0.16    0.72%

Telecom
VIDESH SANCHAR NE    16.9    0.14    0.84%
MAHANAGAR TEL ADS    6.4    0.07    1.11%

Others
DR. REDDY'S LAB L    28.42    0.11    0.39%
TATA MOTORS INC    16.49    -0.01    -0.06%


Global Indices:

America
DOW JONES INDUSTR    11013.18    -121.59    -1.09%
NASDAQ COMPOSITE    2090.24    -38.62    -1.81%
IBOVESPA SAO PAUL    36229.711    0    0.00%
IPC    19419.439    -150.771    -0.77%


Europe
FTSE 100    5860.6    3.3    0.06%


Asia

China
HANG SENG INDEX    16494.439    -27.77    -0.17%
SSE Composite Ind    1703.138    -36.862    -2.12%

Japan
NIKKEI 225    15358.79    109.47    0.72%

Taiwan
TSEC weighted ind    6580.55    -53.54    -0.81%

Jakartha
Composite Index    1347.776    1.909    0.14%



Technorati Tags: indian stock market, indian stocks, dalal street, dalalstreet,sensex, nifty, nifty junior, bse, nse, global markets,dalal street news, dalalstreet news,Indian ADRs