Indian Stock Market - Morning Update (Wednesday)

The global cues are looking mixed this morning, US markets closed up Yesterday on news of continued growth from AT&T and TI.
Down closed up +0.48% and Nasdaq also closed up by +0.58%.

This morning the Asian markets are mixed as well, currently Hang Seng is up +0.13%, Nikkei is up +0.27% and Taiwan Index is down -0.09%.

Key Points for Dalal Street today:
- Mixed Global cues
- Crude Oil Price reduce a bit
- Few of the Companies announcing their Q1 results today:
MAHINDRA & MAHINDRA LTD
COLGATE PALMOLIVE INDIA LTD
SUN PHARMACEUTICALS
OIL & NATURAL GAS CORPN LTD
JAYSHREE TEA & INDUSTRIES LTD
TATA TELESERVICES (MAHARASHTRA)
GLAXOSMITHKLINE PHARMACEUTICALS
HPCL
TATA TEA LTD
BHARTI AIRTEL LIMITED


All Indian ADR's except Wipro closed up yesterday:

Technology
WIPRO LTD.    11.8    -0.05    -0.42%
INFOSYS TECHN ADS    39.49    0.1    0.25%
PATNI COMPUTER SY    12.05    0.19    1.60%
SATYAM COMPUTER S    33.78    0.16    0.48%

Banking
HDFC BANK LTD    52.91    0.68    1.30%
ICICI BK LTD ADS    26.01    0.7    2.77%

Telecom
VIDESH SANCHAR NE    15.6    0.4    2.63%
MAHANAGAR TEL ADS    6.16    0.16    2.67%

Others
DR. REDDY'S LAB L    28    0.66    2.41%
TATA MOTORS INC    15.29    0.39    2.62%


Global Indices:

America
DOW JONES INDUSTR    11103.71    52.66    0.48%
NASDAQ COMPOSITE    2073.9    12.06    0.58%
IBOVESPA SAO PAUL    36680.828    456.44    1.26%
IPC    20082    143.301    0.72%


Europe
FTSE 100    5851.2    17.3    0.30%


Asia

China
HANG SENG INDEX    16604.77    20.91    0.13%
SSE Composite Ind    1682.412    -3.049    -0.18%

Japan
NIKKEI 225    15045.34    40.1    0.27%

Taiwan
TSEC weighted ind    6385.5    -5.49    -0.09%

Jakartha
Composite Index    1308.257    0.482    0.04%



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