| | | Sharekhans' daily newsletter | | | Market Round-up 9:45 am IST | | | | Market may advance amid volatility | | The marginal raise in the asian market in the morning trades may witness volatility and sideways movement in the early trades. | | After displaying a lacklustre trend in yesterday's trades, the market may trade in positive territory with a mixed bias and could witness a rally, as the overall sentiment remains bullish on strong FII inflows, firm international indices and no rise in interest rate by Fed . The market may be under pressure in early trades as most of Asian indices have eased in morning trades. On the technical front, the Nifty could target higher levels of 5050 and 5300 and on the downside there is a support at 4958, while the Sensex has a likely support at 16570 and may face resistance at 16855.
US indices moved up on Wednessday. While the Nasdaq added 28 points to close at 2405, the Dow Jones added 43 points to close at 12763.
Majority of the Indian floats ended in the green. Wipro was the biggest gainer and gain over 3.81% followed by Patni Computer which was up 3.11%. Infosys, Tata Motor, Dr Reddy's, MTNL, VSNL and Satyam were down 1-2% each. While ICICI Bank ended with steady gain. However, Rediff moved down over 4.88% and HDFC Bank lost over 1.16%.
Crude oil prices continued to rise with the Nymex Light Crude oil for May delivery advanced by 23 cents at $118.30 a barrel while in the Commodity space, the Comex gold for June series dropped $16.20 to settle at $909 a troy ounce.
| | A look at the Indian ADRs | | | Company Name | Last Close ($) | % Change | | Infosys | 42.19 | 2.08 | | Satyam | 23.53 | 1.12 | | Wipro | 12.27 | 3.81 | | Dr.Reddy's | 15.68 | 2.48 | | Tata Motors | 16.03 | 2.69 | | ICICI Bank | 43.63 | 0.05 | | HDFC Bank | 106.83 | -1.16 | | MTNL | 5.59 | 1.64 | | VSNL (TCL)* | 24.04 | 1.65 | | Rediff | 8.67 | -4.88 | | Patni Computer | 12.94 | 3.11 | | | | (Indian ADRs: Indian companies listed on the New York Stock Exchange) | | | | Index | Level | Change (pts) | Change (%) | | Nikkei | 13630.87 | 51.71 | 0.38 | | Hang Seng | 25685.88 | 396.64 | 1.57 | | Kospi Index | 1801.09 | 0.30 | 0.02 | | Straits Times | 3221.63 | 27.79 | 0.87 | | Jakarta Composite | 2307.26 | -7.04 | -0.30 | | | | | | Index | Level | Change (pts) | Change (%) | | FTSE 100 | 6083.60 | 48.90 | 0.81 | | CAC 40 Index | 4944.65 | 72.01 | 1.48 | | Dax Index | 6795.03 | 8.48 | 0.12 | | | | | | Index | Level | Change (pts) | Change (%) | | Dow Jones | 12763.22 | 42.99 | 0.34 | | Nasdaq | 2405.21 | 28.27 | 1.19 | | | | | | | | | |
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