Market expectations

Wednesday, July 21, 2010


Indian ADRs ended higher yesterday. In the telecom space, Tata Commumication  was up 0.17% and MTNL was up 0.37%.
ICICI Bank was up 0.90% at $37.96 and HDFC Bank was up 2.27%.
 Infosys was up 0.50%
Wipro was up 1.86%
Patni was up 0.13%
Satyam was down 1.79%
Sterlite was up 0.73%
Tata Motors was up 1.11%
Dr Reddys was down 0.77%
Indian markets are expected to open positive. NIFTY expected to trade within a range of 5390 to 5320 today. Our index are likely to perform as below   
  
Script Name
 Expected High
 Expected low
 Bank Nifty
 10020
 9870
 CNXIT
 6070
 6010
 Mini Nifty
 5390
 5320

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