Wall Street Ends Down After Fed Statement, GDP Data

US stocks ended lower on Wednesday as the Federal Reserve cited weakness in the US economy and data showed US growth slowed more sharply than expected in the first quarter.  But the Fed's acknowledgement of weakness in some sectors of the economy makes it more likely it will not be ready to raise until at least September, which kept stocks from falling further. "We all know the Fed would love to start normalizing rates, but the simple...

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Opening Bell: Nifty Likely To Open In Red Ahead Of Expiry

The Nifty is likely to open lower Thursday ahead of the April futures & options expiry. The SGX Nifty index was trading at 8210, down 20 points, at 7.42 am. Volatility ruled the market on Wednesday with the Nifty ending at 8239.75, down 45.85 points or 0.5 percent while the Sensex was down 170.45 points or 0.6 percent at 27225.93.  In key earnings today, Indicates IDFC’s profits to jump year-on-year due to low base impact. The company’s...

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Sensex Below 27000, Nifty Weak, Axis Up 3%, Metals & IT Dip

The Sensex has fallen below 27000, at down 227.58 points or 0.8 percent at 26998.35. The Nifty is down 69.85 points or 0.8 percent at 8169.90. About 468 shares have advanced, 751 shares declined, and 101 shares are unchanged.  Axis Bank is still up 3 percent while ONGC, SBI and Reliance are major gainers in the Sensex. Among the losers are HDFC, Dr Reddy's Labs, Bharti Airtel, HUL and BHEL. Weakness crawls in the market as the Nifty...

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Sensex Slips Over 150 Pts, Nifty Weak, Vedanta Falls 4%

Indian stocks in the very near term look a bit oversold given the sharp rundown in the past few weeks, who said he expects the market to move with a positive bias for the next few days. however, that frontline shares still did not offer any margin of safety and it would be still some time till they were in the "buying range". "For now, the market looks reasonably expensive." "But in the broader market, you may get some chances to buy." ...

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Asian Stocks Open Mixed On US Lead, Earnings

Asian equity markets opened mixed on Wednesday, mirroring Wall Street's finish overnight, and as investors digested the raft of earnings due in the region. Also in focus was the Federal Market Open Committee (FMOC) meeting which began on Tuesday and will conclude with the release of a post-meeting statement later in the day.  Overnight, US stocks ended a volatile session mixed, with strong earnings from Merck and gains in IBM leading...

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Dow, S&P End Up With Merck, IBM, Nasdaq Slips With Apple

The Dow and S&P 500 ended a volatile session higher on Tuesday, helped by strong earnings from Merck and gains in IBM after it boosted its dividend , while the Nasdaq fell with Apple. Adding to volatility just before the close, shares of Twitter dropped as much as 24 percent after its results were published early. The stock closed down 18.2 percent at USD 42.27. IBM shares rose 1.9 percent to USD 173.92, giving the Dow its biggest boost. The...

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Wall Street Ends Down As Biotechs Drop 4 Percent

US stocks ended down on Monday, led by losses in biotech shares after disappointing news from several companies including Amgen. The Nasdaq Biotech Index sank 4.1 percent, its biggest daily percentage loss since March 25, while the S&P Healthcare index, down 1.8 percent, was the biggest drag on the benchmark S&P 500 index.  Amgen shares led the S&P 500's decline, dropping 3.3 percent to USD 162.38 after U.S. regulators said...

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Sensex Gains Strength, Tata Motors, Maruti Extend Rally

Pharma major Wockhardt continued its downtrend today as the company decided to recall its remaining batches of drugs from the US market, which was manufactured prior to the USFDA import alerts. On Monday, the share plunged 18.31 percent to close at Rs 1,330.05 on the BSE. The company in its filing said as a measure of preparedness and as an abundant precaution, the company has now decided to recall, as a part of remedial measure all the remaining...

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China Stocks Rise To Multi-Year Highs Earnings In Focus

Shanghai and Hong Kong led Asian equities higher on Monday as record highs in the U.S. last week boosted sentiment and as investors monitored earnings reports. On Wall Street, the Nasdaq Composite and S&P 500 both closed at record highs on Friday following tech third-quarter earnings reports.  Among big movers, Microsoft rallied 10 percent after posting earnings of 61 cents per share on USD 21.73 billion on revenue that beat es...

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Tech Triumvirate Propels Nasdaq, S&P To Record Highs

The Nasdaq Composite and S&P 500 chalked up record high closes on Friday, propelled by strong results from tech behemoths Google, Amazon and Microsoft. The Nasdaq Composite added 0.71 percent to end at 5,092.09, its second straight record high close. The S&P 500 rose 0.23 percent to a record high close of 2,117.69 points, barely above its previous high of 2,117.39 set on March 2. Amazon (AMZN.O) surged 14.13 percent to a lifetime high...

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Sensex Down Over 100 Pts, Nifty Holds 8350 ITC Gains 1%

The market is trending lower. The Sensex is down 122.70 points at 27612.32 and the Nifty is down 43.90 points  at 8354.40. About 539 shares have advanced, 1113 shares declined, and 109 shares are unchanged.  ITC is up 1 percent while ONGC, BHEL, Tata Steel and Hindalco are top gainers in the Sensex. Among the losers are HDFC, Axis Bank, Cipla, M&M and L&T. Infosys' fourth quarter profit may fall 2.7 percent sequentially...

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Wall Street Ends Higher, Nasdaq Sets Closing Record

The Nasdaq Composite, the US market index most closely associated with technology stocks, closed at an all-time high on Thursday, surpassing a 2000 record set just before the dotcom crash. Its new record close of 5,056.06 capped a slow, unsteady climb since it touched a 2002 low of 1,114.11, that spanned an economic recession, the rise of biotech and social media and the explosive growth of mobile phones that has helped make Apple Inc the...

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Sensex Slips Into Red, Nifty Flat Jet Up 3%, M&M Falls 1%

The market is slipping into red. The Sensex is down 27.28 points at 27862.85 and the Nifty is up 4.20 points at 8433.90. About 1382 shares have advanced, 735 shares declined, and 128 shares are unchanged. M&M, Wipro, Sun Pharma, NTPC and SBI are losers while Tata Steel, Maruti, Coal India, Tata Power and HUL are gainers in the Sensex. 10:30 am Weak monsoon: Hours after the official forecast suggested "below normal" monsoon this year, domestic...

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Earnings Cloud Drags Down Dow ; Nasdaq Gains On Biotech M&A

US stocks were a mixed bag on Tuesday, with the Dow ending lower after a handful of uninspiring earnings reports while the Nasdaq closed near a record high following a proposed biotech merger. Travelers, DuPont and IBM shares weighed on the Dow Jones industrial average.  DuPont reported lower sales in all of its businesses and said a strong dollar would take a toll on its full-year earnings. IBM also mentioned currency effects when...

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Sensex, Nifty Open In Green; Sun Pharma Up, Wipro Falls 4%

The market opens in green with strong Asian cues. The Sensex is up 37.47 points at 27713.51, and the Nifty is up 9.30 points at 8387.05. About 521 shares have advanced, 144 shares declined, and 74 shares are unchanged. Sun Pharma is up 1.5 percent while Dr Reddy's Labs, SBI, Axis Bank and Bajaj Auto are top gainers. Dragged by weak earnings, Wipro is down 4 percent. Among other laggards are Hindalco, GAIL, Bharti Airtel and Sesa Sterlite. The...

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