GLOBAL MARKETS ROUNDUP
The market extended upside in early trade Friday with the Sensex hitting 26000-mark, up 63.04 points at 26021.67. The Nifty also reclaimed 7900-mark on first day of December series, up 26.80 points to 7910.60. Lupin, Tata Motors, Sun Pharma, Axis Bank, Bharti Airtel, Bank of Baroda, ONGC and IndusInd Bank were early gainers, up 0.5-1.5 percent. GAIL and Bajaj Auto were under pressure.

INDIAN ADR’S NEWS
• Indian ADRs ended lower on Thursday.
• In the IT space, Infosys was down 0.07 percent at USD 16.17.
• Wipro shed 0.18 percent at USD 11.78.
• In the banking space, ICICI Bank was down 0.12 percent at USD 8.08.
• HDFC Bank declined 0.78 percent at USD 57.19.
• In the other sectors, Tata Motors slipped 0.10 percent at USD 30.
• Dr Reddy’s Laboratories was down 0.01 percent at USD 49.74.

The S&P BSE Sensex reclaimed its crucial psychological level of 26000 in morning trade on Friday, led by gains in L&T, ICICI Bank, Tata Motors, and M&M. The Nifty 50 too broke above its crucial resistance level of 7,900, supported by gains in auto, banks, capital goods, realty, and metal stocks.

Domestic stock markets are likely to open with a negative bias on Friday, according to Nifty futures (SGX CNX Nifty) trading on the Singapore Exchange. Markets in Asia traded mostly lower, which is likely to weigh on Sensex and Nifty

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