Sensex expected to bounce back today

The global cues are looking great this morning, US markets closed up Yesterday.
Down closed up +0.89% and Nasdaq closed up +1.96%.

This morning the Asian markets taking from global cues are trading great as well, currently Hang Seng is up +0.66%, Nikkei is up +1.06% and TSEC is up +0.42%.

Key Points for Dalal Street today:
- Yesterdays positive trade
- Good global cues

Indian ADR's

Technology
Wipro Ltd.    12.50   +0.22   +1.79%
Infosys Technologies Ltd.    46.10   +1.99   +4.51%
Patni Computer Systems Ltd.    19.00   +0.38   +2.04%
Satyam Computer Services Ltd.    38.25   +0.15   +0.39%

Banking
HDFC Bank Ltd.    57.35   +2.43   +4.42%
ICICI Bank Ltd.    27.25   +1.07   +4.09%

Telecom
Videsh Sanchar Nigam Ltd.    17.11   +0.34   +2.03%
Mahanagar Telephone Nigam Ltd.    6.64   +0.19   +2.95%

Others
Dr. Reddy's Laboratories Ltd.    15.55   +0.13   +0.84%
Tata Motors Ltd.    18.74   +0.51   +2.80%

Global Indices:

America
DOW JONES INDUSTRIAL AVERAGE IN    11,498.09   +101.25   +0.89%
NASDAQ COMPOSITE    2,215.82   +42.57   +1.96%
IBOVESPA SAO PAULO    36,146.66   +374.17   +1.05%
IPC    21,102.770   +489.879   +2.38%

Europe
FTSE 100    5,895.50   +44.70   +0.76%

Asia

China
HANG SENG INDEX    17,188.91   +113.51   +0.66%
SSE Composite Index    1,700.002   +4.14   +0.24%

Japan
NIKKEI 225    15,885.37   +166.03   +1.06%

Taiwan
TSEC weighted index    6,653.59   +27.86   +0.42%

Jakartha
Composite Index    1,448.584   +13.377   +0.93%

NEWS
- Engg services spend to touch $1 trillion
- IDBI wins battle for United Western Bank
- Reliance Comm scouts for mobile licences abroad
- Daewoo may oppose Videocon acquisition
- Dish TV eyes 4 mn customers by 20009


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