Tuesday, July 11, 2006

Mumbai blasts could affect trading sentiment in dalal street today

The global cues are looking mixed this morning, US markets recovered and closed up Yesterday.
Down closed up by +0.28% and Nasdaq also closed down by +0.56%.

This morning the Asian markets are seen mixed, currently Nikkei is down -0.68%, Hang Seng is up +0.20% and Taiwan Index is up +1.03%

Mumbai had a serial bomb blasts around 6 pm in the evening, 137 people died and 230 and more are reported to be injured, this will have am impact on the stock market today.

NOTE:
- Market will be very volatile due to the after effects of the bomb blasts

- Q1 Results to be announced today



The Indian ADR's closed down on the news of Mumbai Bomb blasts:

Technology
WIPRO LTD.    12.44    -0.14    -1.11%
INFOSYS TECHN ADS    78.01     +0.26    +0.33%
PATNI COMPUTER SY    13.85    -0.16    -1.14%
SATYAM COMPUTER S    32.86     -0.44     -1.32%

Banking
HDFC BANK LTD    51.79     -1.22    -2.30%
ICICI BK LTD ADS    22.24     -0.59     -2.58%

Telecom
VIDESH SANCHAR NE    16.76     -0.51    -2.95%
MAHANAGAR TEL ADS    6.33     -0.14    -2.16%

Others
DR. REDDY'S LAB L    28.27     -0.72     -2.48%
TATA MOTORS INC    16.50     -0.48     -2.83%


Global Indices:

America
DOW JONES INDUSTR    11,134.77     +31.22     +0.28%
NASDAQ COMPOSITE    2,128.86     +11.93     +0.56%
IBOVESPA SAO PAUL    36,553.559     +412.92     +1.14%
IPC    19,570.211     -129.939     -0.66%


Europe
FTSE 100    5,857.30     -39.60     -0.67%

Asia

China
HANG SENG INDEX    16,522.189     +32.06     +0.19%
SSE Composite Ind    1,744.473     -1.333     -0.08%


Japan
NIKKEI 225    15,367.89     -105.93     -0.68%

Taiwan
TSEC weighted ind    6,707.31     +68.18     +1.03%

Jakartha
Composite Index    1,345.903     +1.958     +0.15%



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