Wednesday, September 20, 2006

Indian Stock Market - Morning Outlook (Thursday)

The global cues are looking good this morning, US markets closed up yesterday, Yesterdays Fed meet made no changes in Interest rate.
Down closed up +0.63% and Nasdaq closed up +1.37%.

This morning the Asian markets are trading good as well, currently Hang Seng is up +0.60%, Nikkei is up +0.15% and TSEC is down at -0.04%.

Key Points for Dalal Street today:
- Good Asian cues
- No Interest rates changes by Fed
- Crude Oil prices touching $60

Indian ADR's

Technology
Wipro Ltd.    12.92   +0.42   +3.36%
Infosys Technologies Ltd.    47.25   +1.22   +2.65%
Patni Computer Systems Ltd.    18.94   -0.37   -1.92%
Satyam Computer Services Ltd.    40.77   +1.22   +3.08%

Banking
HDFC Bank Ltd.    59.21   +1.04   +1.79%
ICICI Bank Ltd.    29.23   +1.15   +4.10%

Telecom
Videsh Sanchar Nigam Ltd.    18.07   +1.25   +7.44%
Mahanagar Telephone Nigam Ltd.    6.88   +0.31   +4.72%

Others
Dr. Reddy's Laboratories Ltd.    16.30   +0.12   +0.74%
Tata Motors Ltd.    18.33   +0.40   +2.23%

Global Indices:

America
DOW JONES INDUSTRIAL AVERAGE IN    11,613.19   +72.28   +0.63%
NASDAQ COMPOSITE    2,252.89   +30.52   +1.37%
IBOVESPA SAO PAULO    35,196.59   -689.09   -1.92%
IPC    21,841.449   +182.430   +0.84%

Europe
FTSE 100    5,866.20   +34.40   +0.59%

Asia

China
HANG SENG INDEX    17,631.08   +118.12   +0.67%
SSE Composite Index    1,736.354   +3.901   +0.23%

Japan
NIKKEI 225    15,742.04   +23.37   +0.15%

Taiwan
TSEC weighted index    6,882.76   +4.99   +0.07%

Jakartha
Composite Index    1,493.359   +14.052   +0.95%

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