GLOBAL MARKETS ROUNDUP
The S&P BSE Sensex slipped over 100 points in morning trade on Wednesday, led by losses in Axis Bank, ICICI Bank, Lupin, Infosys, and ONGC.The Nifty50 slipped below its crucial psychological support level of 8,200, weighed down by losses in pharma, auto, banks, metal, oil & gas and realty stocks.Ambuja Cement will report its third quarter numbers later today. Analysts polled by NDTV expect the cement manufacturer to report profit of Rs 182 crore on sales of Rs 2,144 crore.

INDIAN ADR’S NEWS
• Indian ADRs ended lower on Tuesday.
• In the IT space, Infosys Technologies ended flat at USD 18.50.
• Wipro was down 0.04 percent at USD 12.31.
• In the banking space, ICICI Bank fell 0.12 percent at USD 8.95.
• HDFC Bank rose 0.23 percent at USD 63.79.
• In the other sectors, Tata Motors shed 0.34 percent at USD 29.14.
• Dr Reddy’s Laboratories declined 0.30 percent at USD 65.27.

The market has once again opened in negative terrian dragged majorly by banks. The Sensex is down 137.67 points or 0.5 percent at 27115.77 and the Nifty slips 47.35 points or 0.6 percent at 8185.55. About 286 shares have advanced, 197 shares declined, and 40 shares are unchanged. Asian markets have opened up mixed this morning on the back of a weak overnight handover. Nikkei though has bounced back on hopes of further stimulus from Bank of Japan as they await the outcome due later this week.

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