Wednesday, October 04, 2006

Indian Stock Market - Morning Outllok (Thursday)

The global cues are looking good this morning, US markets closed up Yesterday on news that Fed will not raise Interest rates.
Down closed up +1.05% and Nasdaq closed up +2.11%.

This morning the Asian markets are seen good as well, currently Hang Seng is up +1.13%, Nikkei is up +1.64% and TSEC is up at +1.69%.

Key Points for Dalal Street today:
- Good Asian cues
- Crude Oil prices are below $60

Indian ADR's

Technology
Wipro Ltd.    13.33   +0.11   +0.83%
Infosys Technologies Ltd.    47.52   -0.16   -0.34%
Patni Computer Systems Ltd.    18.89   +0.09   +0.48%
Satyam Computer Services Ltd.    39.71   +0.56   +1.43%

Banking
HDFC Bank Ltd.    61.65   +1.55   +2.58%
ICICI Bank Ltd.    31.00   +0.60   +1.97%

Telecom
Videsh Sanchar Nigam Ltd.    17.56   +0.37   +2.15%
Mahanagar Telephone Nigam Ltd.    6.72   +0.02   +0.30%

Others
Dr. Reddy's Laboratories Ltd.    15.55   +0.05   +0.32%
Tata Motors Ltd.    19.14   +0.22   +1.16%

Global Indices:

America
DOW JONES INDUSTRIAL AVERAGE IN    11,850.61   +123.27   +1.05%
NASDAQ COMPOSITE    2,290.95   +47.30   +2.11%
IBOVESPA SAO PAULO    37,749.29   +1,311.74   +3.60%
IPC    22,105.971   +474.971   +2.20%

Europe
FTSE 100    5,966.50   +29.40   +0.50%

Asia

China
HANG SENG INDEX    17,824.25   +195.04   +1.11%
SSE Composite Index    1,752.424   +15.461   +0.89%

Japan
NIKKEI 225    16,346.21   +263.66   +1.64%

Taiwan
TSEC weighted index    6,988.80   +113.82   +1.66%

Jakartha
Composite Index    1,538.175   +1.09   +0.07%

NEWS
- Tatas' passenger vehicle set for early 2007 launch
- Banks may post higher treasury income in Q2
- VSNL, East African Cable may merge links
- Tata in talks to buy Corus
- Essar to raise $530 mn, pledges Hutch stake part


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