Monday, August 28, 2006

Indian Stock Market - Morning Update (Tuesday)

The global cues are looking good this morning, US markets closed up Yesterday after having 2 bad trading weeks.
Down closed up +0.60% and Nasdaq closed up +0.95%.

This morning the Asian markets are trading good as well, currently Hang Seng is up +0.80%, Nikkei is up +0.96% and TSEC is up +0.71%.

Key Points for Dalal Street today:
- Good Global cues
- Subsiding Oil price

Indian ADR's closed mixed Yesterday :

Technology
WIPRO LTD.    12.55    0.13    1.05%
INFOSYS TECHN ADS    43.82    0.71    1.65%
PATNI COMPUTER SY    17.59    -0.02    -0.11%
SATYAM COMPUTER S    38.52    0.59    1.56%

Banking
HDFC BANK LTD    57    1.42    2.55%
ICICI BK LTD ADS    26.82    0.42    1.59%

Telecom
VIDESH SANCHAR NE    17.95    0.55    3.16%
MAHANAGAR TEL ADS    6.7    0.17    2.60%

Others
DR. REDDY'S LAB L    31.33    -0.01    -0.03%
TATA MOTORS INC    18.35    -0.1    -0.54%

Global Indices:

America
DOW JONES INDUSTR    11352.01    67.96    0.60%
NASDAQ COMPOSITE    2160.7    20.41    0.95%
IBOVESPA SAO PAUL    36374.512    0    0.00%
IPC    21228.869    233.93    1.11%

Europe
FTSE 100    5878.6    9.5    0.16%

Asia

China
HANG SENG INDEX    17057.24    134.95    0.80%
SSE Composite Ind    1663.039    12.601    0.76%

Japan
NIKKEI 225    15914.22    151.63    0.96%

Taiwan
TSEC weighted ind    6490.49    45.73    0.71%

Jakartha
Composite Index    1420.409    2.405    0.17%



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