Indian Stock Market - Morning Outlook (Friday)

The global cues are down this morning, US markets were dragged down by raise in Oil prices and war in the middle-east , which is a worry for Oil supply from this side of the globe.
Down closed down by -1.52% and Nasdaq also closed down by -1.73%.

This morning the Asian markets are also seen weak, currently Nikkei is down -1.17%, Hang Seng is down -1.31% and Taiwan Index is down -2%.


Key Points for Dalal Street today:
- Weak Global cues
- Raising Oil prices (above $78)
- Companies announcing their Q1 results today - SAKTHI SUGARS, HDFC BANK and MCDOWELL & COMPANY

All Indian ADR's closed down yesterday:

Technology
WIPRO LTD.    12.27    -0.46    -3.61%
INFOSYS TECHN ADS    78.8    -3.1    -3.79%
PATNI COMPUTER SY    13.35    -0.18    -1.33%
SATYAM COMPUTER S    32.79    -0.79    -2.35%

Banking
HDFC BANK LTD    50.68    -0.57    -1.11%
ICICI BK LTD ADS    21.72    -0.68    -3.04%

Telecom
VIDESH SANCHAR NE    16.14    -0.76    -4.50%
MAHANAGAR TEL ADS    6.12    -0.28    -4.38%

Others
DR. REDDY'S LAB L    27.38    -1    -3.52%
TATA MOTORS INC    16.09    -0.4    -2.43%


Global Indices:

America
DOW JONES INDUSTR    10846.29    -166.89    -1.52%
NASDAQ COMPOSITE    2054.11    -36.12    -1.73%
IBOVESPA SAO PAUL    35354.281    0    0.00%
IPC    18725.26    -694.18    -3.57%

Europe
FTSE 100    5765    -95.6    -1.63%


Asia

China
HANG SENG INDEX    16092.63    -212.85    -1.31%
SSE Composite Ind    1659.95    4.177    0.25%

Japan
NIKKEI 225    14920.68    -177.27    -1.17%

Taiwan
TSEC weighted ind    6433.67    -133.93    -2.04%

Jakartha
Composite Index    1312.338    -21.691    -1.63%



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