Indian Stock Market - Morning Update (Wednesday)

The global cues are looking down this morning, US markets closed down yesterday, Middle-East war and Oil price reaching $75 again being the concerns.
Down closed down -0.54% and Nasdaq closed down -1.41%.

This morning the Asian markets are seen mixed, currently Hang Seng is up +0.78%, Nikkei is down -0.57% and TSEC is up +0.53%.


Key Points for Dalal Street today:
- Fitch upgrading India's rating to investment grade
- Not encouraging Global cues
- Crude Oil price touching $75 again
- Yesterdays volatile and choppy trading

Indian ADR's closed down except for Patni Computers:

Technology
WIPRO LTD.    12.04    -0.43    -3.45%
INFOSYS TECHN ADS    40.26    -0.83    -2.02%
PATNI COMPUTER SY    14.51    1.26    9.51%
SATYAM COMPUTER S    34.49    -0.76    -2.16%

Banking
HDFC BANK LTD    53.06    -1.09    -2.01%
ICICI BK LTD ADS    26.01    -0.11    -0.42%

Telecom
VIDESH SANCHAR NE    15.39    -0.24    -1.54%
MAHANAGAR TEL ADS    6.05    -0.17    -2.73%

Others
DR. REDDY'S LAB L    30.36    -0.03    -0.10%
TATA MOTORS INC    15.6    -0.18    -1.14%


Global Indices:

America
DOW JONES INDUSTR    11125.73    -59.95    -0.54%
NASDAQ COMPOSITE    2061.99    -29.48    -1.41%
IBOVESPA SAO PAUL    36839.309    0    0.00%
IPC    19973.199    -122.73    -0.61%

Europe
FTSE 100    5880.8    -47.5    -0.80%


Asia

China
HANG SENG INDEX    17043.74    132.37    0.78%
SSE Composite Ind    1578.482    -22.132    -1.38%

Japan
NIKKEI 225    15352.52    -88.39    -0.57%

Taiwan
TSEC weighted ind    6475.64    34.18    0.53%

Jakartha
Composite Index    1371.779    0.086    0.01%



Technorati Tags: indian stock market, indian stocks, dalal street, dalalstreet,sensex, nifty, nifty junior, bse, nse, global markets,dalal street news, dalalstreet news,Indian ADRs