Indian Stock Market - Morning Outlook (Friday)

The global cues are looking weak this morning, US markets dropped Yesterday after Intel announced a disappinting forcast.
Down closed down -0.76% and Nasdaq also closed up by -1.98%.

This morning the Asian markets are seen weak as well, currently Hang Seng is down -0.33%, Nikkei is down -1.09% and Taiwan Index is down -0.88%.

Key Points for Dalal Street today:
- Weak Global cues
- Continuing Middle-Asia Conflict
- Few of the Companies announcing their Q1 results today:
CIPLA LTD
GILLETTE INDIA LIMITED
RELIANCE PETROLEUM LTD
LARSEN & TOUBRO LIMITED
SONATA SOFTWARE LTD
TATA STEEL LTD
SATYAM COMPUTER SERVICES LTD
ITC LTD


All Indian ADR's except MTNL closed down yesterday:

Technology
WIPRO LTD.    11.56    -0.44    -3.67%
INFOSYS TECHN ADS    39.05    -1.55    -3.82%
PATNI COMPUTER SY    12.37    -0.28    -2.21%
SATYAM COMPUTER S    30.83    -1.15    -3.60%

Banking
HDFC BANK LTD    49.5    -1.26    -2.48%
ICICI BK LTD ADS    22.34    -0.66    -2.87%

Telecom
VIDESH SANCHAR NE    15.35    -0.34    -2.17%
MAHANAGAR TEL ADS    6.03    0.06    1.01%

Others
DR. REDDY'S LAB L    26.83    -0.41    -1.51%
TATA MOTORS INC    14.61    -0.38    -2.54%


Global Indices:

America
DOW JONES INDUSTR    10928.1    -83.32    -0.76%
NASDAQ COMPOSITE    2039.42    -41.3    -1.98%
IBOVESPA SAO PAUL    35846.84    0    0.00%
IPC    19510.52    -361.26    -1.82%

Europe
FTSE 100    5770.9    -7.1    -0.12%

Asia

China
HANG SENG INDEX    16423.43    -49.19    -0.30%
SSE Composite Ind    1661.211    6.089    0.37%

Japan
NIKKEI 225    14784.24    -162.6    -1.09%

Taiwan
TSEC weighted ind    6395.19    -48.55    -0.75%

Jakartha
Composite Index    1308.578    -7.012    -0.53%



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