Sunday, July 30, 2006

Indian Stock Market - Morning Update (Monday)

The global cues are looking good this morning, US markets closed up on Friday.
Down closed marginally up +1.07% and Nasdaq closed up +1.93%.

This morning the Asian markets are seen up as well, currently Hang Seng is up +0.47% and Nikkei is up +0.72%.


Key Points for Dalal Street today:
- Good Asian cues
- Few of the Companies announcing their Q1 results today:
BHARAT ELECTRONICS LTD
IVRCL INFRASTRUCTURES & PROJECTS
HOTEL LEELA VENTURE LTD.
SHREE CEMENTS LTD
CEAT LTD
JINDAL STEEL & POWER LTD.
INDIAN OIL CORPORATION LTD
NEPC INDIA LTD
SYNDICATE BANK
VOLTAS LTD
VIDEOCON INDUSTRIES
PATNI COMPUTER SYSTEMS


Indian ADR's closed mixed on Friday:

Technology
WIPRO LTD.    12.37    0.16    1.31%
INFOSYS TECHN ADS    41.61    1.3    3.23%
PATNI COMPUTER SY    12.35    -0.01    -0.08%
SATYAM COMPUTER S    35.22    1.01    2.95%

Banking
HDFC BANK LTD    53.41    1.22    2.34%
ICICI BK LTD ADS    26.23    1.23    4.92%

Telecom
VIDESH SANCHAR NE    16.48    0.61    3.84%
MAHANAGAR TEL ADS    6.37    0.15    2.41%

Others
DR. REDDY'S LAB L    30.43    -0.57    -1.84%
TATA MOTORS INC    15.94    -0.26    -1.60%


Global Indices:

America
DOW JONES INDUSTR    11219.7    119.27    1.07%
NASDAQ COMPOSITE    2094.14    39.67    1.93%
IBOVESPA SAO PAUL    37381.059    493.34    1.34%
IPC    20252.33    113.541    0.56%

Europe
FTSE 100    5974.9    45.4    0.77%


Asia

China
HANG SENG INDEX    17034.33    79.29    0.47%
SSE Composite Ind    1619.275    -42.756    -2.57%

Japan
NIKKEI 225    15453.3    110.43    0.72%

Taiwan
TSEC weighted ind    6428.26    -51.81    -0.80%

Jakartha
Composite Index    1343.634    6.224    0.47%



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