Monday, July 17, 2006

Indian Stock Market - Morning Outlook (Tuesday)

The global cues are mixed or flat this morning, US markets closed flat Yesterday.
Down closed marginally up +0.07% and Nasdaq also closed up by +0.02%.

This morning the Asian markets are seen mixed, currently Hang Seng is up +0.17%, Nikkei is down -1.67% and Taiwan Index is up +0.13%.

Key Points for Dalal Street today:
- Mixed Global cues
- Oil price yesterday fell a bit , but it is still above $75.
- War in the Middle-east continues
- Few of the Companies announcing their Q1 results today:
SUN TV
TCS
HEXAWARE TECHNOLOGIES
RELIANCE CAPITAL LIMITED
NEW DELHI TELEVISION LIMITED
CROMPTON GREAVES LTD


All Indian ADR's closed down yesterday:

Technology
WIPRO LTD.    11.81    -0.2    -1.67%
INFOSYS TECHN ADS    76.84    -1.65    -2.10%
PATNI COMPUTER SY    13.22    -0.06    -0.45%
SATYAM COMPUTER S    31.6    -0.55    -1.71%

Banking
HDFC BANK LTD    48    -1.65    -3.32%
ICICI BK LTD ADS    21.25    -0.7    -3.19%

Telecom
VIDESH SANCHAR NE    15.25    -0.87    -5.40%
MAHANAGAR TEL ADS    6.12    -0.09    -1.45%

Others
DR. REDDY'S LAB L    26.87    -0.82    -2.96%
TATA MOTORS INC    15.17    -0.55    -3.50%


Global Indices:

America
DOW JONES INDUSTR    10747.36    8.01    0.07%
NASDAQ COMPOSITE    2037.72    0.37    0.02%
IBOVESPA SAO PAUL    34866.309    0    0.00%
IPC    18437.98    109.32    0.60%

Europe
FTSE 100    5701    -6.6    -0.12%


Asia

China
HANG SENG INDEX    16097.05    32.23    0.20%
SSE Composite Ind    1673.188    -9.699    -0.58%

Japan
NIKKEI 225    14601.68    -243.56    -1.64%

Taiwan
TSEC weighted ind    6265.43    7.63    0.12%

Jakartha
Composite Index    1282.409    -1.54    -0.12%



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