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Indian stock market daily morning report (October 31, 2014, Friday)

October 31, 2014, Friday
The S&P BSE Sensex rose 248.16 points or 0.92% to settle at 27,346.33, its record closing high. The index jumped 292.43 points at the day's high of 27,390.60 in late trade, a lifetime high. The index fell 9.52 points at the day's low of 27,088.65 in early trade. The CNX Nifty rose 78.75 points or 0.97% at 8,169.20. The index hit a high of 8,181.55 in intraday trade, a lifetime high for the index. The index hit a low of 8,085.20 in intraday trade.

Indian stock market and companies daily report (October 31, 2014, Friday)

October 31, 2014, Friday
Indian markets are expected to open on positive note tracking SGX Nifty and most of Asian markets. U.S. indices rose toward monthly gains amid better-than-expected earnings and economic data showed the American economy grew faster than forecast. European stocks ended higher on Thursday following a roller-coaster session, as positive corporate results and strong U.S. growth figures helped offset the Federal Reserve's tougher tone on policy.

US stock market daily report (October 30, 2014, Thursday)

October 30, 2014, Thursday
The first vaccine against meningitis B - Trumenba (meningococcal group B vaccine) from Pfizer Inc. (PFE:NYSE) - was granted accelerated approval by the U.S. Food and Drug Administration on Wednesday, under their Breakthrough Therapy designation and Priority Review programs. The vaccine is for active immunization to prevent invasive disease caused by Neisseria meningitidis serogroup B in individuals 10 through 25 years of age.

US stock market, economy and companies update (October 30, 2014)

October 30, 2014, Thursday
Quantitative easing is officially over in the US and global markets are digesting the Fed's very well-telegraphed move. Meanwhile, US GDP may be good or not so good, depending on your analysis. German October CPI data suggest that Europe is nowhere near getting uninflation under control, although European indices have bounced back from the lows seen after the German data dropped. As of writing, the DJIA is up 0.73%, the S&P500 is up 0.08% and the Nasdaq is down 0.30%.

Indian stock market daily morning report (October 30, 2014, Thursday)

October 30, 2014, Thursday
The S&P BSE Sensex rose 217.35 points or 0.81% to settle at 27,098.17, its highest closing level since 22 September 2014. The index jumped 245.4- points at the day's high of 27,126.30 in late trade. The index rose 90.34 points at the day's low of 26,971.16 in morning trade. The CNX Nifty rose 62.85 points or 0.78% to settle at 8,090.45, its highest closing level since 22 September 2014. The index hit a high of 8,097.95 in intraday trade. The index hit a low of 8,052.25 in intraday trade.

Indian stock market and companies daily report (October 30, 2014, Thursday)

October 30, 2014, Thursday
Indian markets are expected to open on negative note tracking SGX Nifty and most of Asian markets. U.S. indices declines and the dollar rallied after the Federal Reserve confirmed it will end its asset-purchase program amid signs of a strengthening economy. European stocks lost its earlier gains and index fell as investors weighed better-than-expected results from companies including Total SA and Schneider Electric SE, and a disappointing report from Banco Bilbao Vizcaya Argentaria SA.

US stock market daily report (October 29, 2014, Wednesday)

October 29, 2014, Wednesday
The Securities and Exchange Commission are facing more headaches over the fairness for all market participants getting data, at the same moment as everyone else, regardless of your trading status from professional to Main Street America traders. Academic researchers involved in two separate groups have documented a lag time between the moment paying subscribers which include trading firms, newswires and others receive filings via a direct feed from an SEC contractor and when the documents are publicly available on the agency’s website.

US stock market, economy and companies update (October 29, 2014)

October 29, 2014, Wednesday
US equity markets are hesitant this morning after four consecutive up sessions, with participants cautious ahead of the FOMC announcement later today. As of writing, the DJIA is down 0.06%, the S&P500 is down 0.08% and the Nasdaq is down 0.40%. The FOMC decision drops later today, and there is little chance the committee will not end the QE bond buying program as expected. All eyes are on whether the "considerable time" language remains a part of the statement or gets removed.

Indian stock market daily morning report (October 29, 2014, Wednesday)

October 29, 2014, Wednesday
The S&P BSE Sensex jumped 127.92 points or 0.48% to settle at 26,880.82, its highest closing level since 22 September 2014. The index jumped 154.24 points at the day's high of 26,907.14 in late trade. The index rose 11.25 points at the day's low of 26,764.15 in early afternoon trade. The CNX Nifty rose 35.90 points or 0.45% to settle at 8,027.60, its highest closing level since 22 September 2014. The index hit a high of 8,037.80 in intraday trade. The index hit a low of 7,995.05 in intraday trade.

Indian stock market and companies daily report (October 29, 2014, Wednesday)

October 29, 2014, Wednesday
Indian markets are expected to open on positive note tracking SGX Nifty and most of Asian markets. US Indices rallied after corporate results topped estimates and consumer confidence surged as Federal Reserve officials start a two-day meeting. European stocks rose, snapping a two-day drop, as Novartis AG and UBS AG rallied after posting financial updates and as U.S. consumer confidence surged to a seven-year high.

US stock market daily report (October 28, 2014, Tuesday)

October 28, 2014, Tuesday
Results of a Harris survey conducted online from September 8 through September 10, 2014 indicates over half of Americans who participated, are pessimistic of their financial situations. The poll was conducted on behalf of Elevate a for-profit company. The poll consisted of 2,022 adults, with over half identifying themselves as lower-middle class or working class with low economic security.

US stock market, economy and companies update (October 28, 2014)

October 28, 2014, Tuesday
US indices are moving higher this morning, buoyed by some big earnings reports. The durables data mainly hurt the USD, while equity traders took comfort from the October consumer confidence survey rising to its highest level since October 2007. As of writing, the DJIA is up 0.38%, the S&P500 is up 0.54% and the Nasdaq is up 1.19%.

Indian stock market daily morning report (October 28, 2014, Tuesday)

October 28, 2014, Tuesday
The S&P BSE Sensex fell 9-.15 points or 0.37% to settle at 26,752.90, its lowest closing level since 21 October 2014. The index fell 124.21 points at the day's low of 26,726.-4 in late trade. The index jumped 143.91 points at the day's high of 26,994.96 at the onset of the trading session, its highest level since 23 September 2014. The 50-unit CNX Nifty fell 22.-5 points or 0.29% to settle at 7,991.70, its lowest closing level since 21 October 2014.

Indian stock market and companies daily report (October 28, 2014, Tuesday)

October 28, 2014, Tuesday
Indian markets are expected to open on flat to positive note tracking SGX Nifty and most of Asian markets. S&P Index were little changed, following the biggest weekly rally since January 2013, as energy producers declined after oil dipped below $80 a barrel while telephone and consumer shares rose. European index fell after a best weekly jump for the year as investor waited for stress test results and central bank stimulus measures.

US stock market daily report (October 27, 2014, Monday)

October 27, 2014, Monday
Efforts by Governments worldwide and drug manufacturers are on full throttle to develop successful vaccines and drugs to fight the worst outbreak of Ebola in the history of mankind. Several pharmaceuticals already have vaccines and drugs to fight Ebola in the pipeline. The cost of research and development for a successful drug or vaccine is soaring. Many drug companies are aiming for financial support from Governments and groups who are willing to front the costs involved.

US stock market, economy and companies update (October 27, 2014)

October 27, 2014, Monday
The ECB stress tests unfolded mostly as expected over the weekend and this morning, however the sixth consecutive sequential decline in the October German IFO survey knocked European indices lower. The weak US October Markit services PMI reading did not help sentiment, although US indices bottomed out around 10:00ET and moved higher. As of writing, the DJIA is positive again, the S&P500 is down 0.19% and the Nasdaq is up 0.11%.

Indian stock market daily morning report (October 27, 2014, Monday)

October 27, 2014, Monday
Benchmark share indices ended the last trading day of Samvat 2070 (year based on the lunar calendar in ancient Hindu tradition) with gains led by auto shares buoyed by robust festival sales. The 30-share Sensex ended up 211 points at 26,787 and the 50-share Nifty ended up 68 points at 7,996. In Samvat 2070 both the benchmark share indices gained 26% each.

Indian stock market and companies daily report (October 27, 2014, Monday)

October 27, 2014, Monday
Indian markets are expected to open on positive note tracking SGX Nifty and most of Asian markets. S&P Index posted the best weekly gain since Jan 2013, halting a four-week slide amid better-than-estimated earnings from Caterpillar Inc. and Yahoo Inc. and economic data signaling a strengthening economy.

US stock market daily report (October 24, 2014, Friday)

October 24, 2014, Friday
In an effort to increase more financial contributions to fight the deadly Ebola virus, Paul Allen, co-founder of Microsoft Corporation (MSFT), raised his financial participation to $100 million. Allen's contribution is to be used on programs to train doctors in Massachusetts and to build special containment units to evacuate any who becomes infected.

US stock market, economy and companies update (October 24, 2014)

October 24, 2014, Friday
Markets are choppy this morning as traders digest the New York City Ebola scare, EU bank stress test results and tons of major earnings reports. Note that comments by ECB President Draghi at the EU Leader Summit in Brussels seem to have helped lift US equities out of the red mid morning. As of writing, the DJIA is up 0.34%, the S&P500 is up 0.22% and the Nasdaq is up 0.32%.

US stock market daily report (October 23, 2014, Thursday)

October 23, 2014, Thursday
Another idiot out for his 15 minutes of fame jumped the fence at the White House on Wednesday. For nearly two hours, the White House was locked down after the incident. Dominic Adesanya age 23 of Bel Air, Maryland was arrested by the U.S. Secret Service and is being charged with three felony counts and four misdemeanors for his actions. Of the charges, he faces two felony counts for assaulting a K-9 police officer.

US stock market, economy and companies update (October 23, 2014)

October 23, 2014, Thursday
US equity markets are filling the gap from yesterday afternoon and ripping higher. Meanwhile the benchmark 10-year UST yield is zipping higher, at 2.275% as of writing, up nearly six points. The move in USTs follow on a move higher in the German bund yields, which were supported by improved preliminary euro zone and German manufacturing PMI data. The DJIA is up 1.57%, the S&P500 is up 1.45% and the Nasdaq is up 1.69%.

US stock market daily report (October 22, 2014, Thursday)

October 22, 2014, Wednesday
Companies selling drugs over the Internet continue to put profit ahead of the overall safety of consumers. The U.S. Food & Drug Administration (FDA) is accused of oversight for potentially dangerous ingredients in dietary supplements, according to Dr. Pieter Cohen, an internist and researcher at Cambridge Health Alliance, a Boston-area health care system.

US stock market, economy and companies update (October 22, 2014)

October 22, 2014, Wednesday
US equities are gaining again this morning after a round of benign earnings reports. As of writing, the DJIA is up 0.06%, the S&P500 is up 0.20% and the Nasdaq is up 0.22%. Inflation continues to stubbornly avoid showing up in the official CPI data. There were no surprises in the September CPI reading.

Indian stock market daily morning report (October 22, 2014, Wednesday)

October 22, 2014, Wednesday
Benchmark share indices ended higher after the government proposed to open up the coal industry to the private sector and auction cancelled coal blocks. Further, foreign investors which turned net buyers in equities also helped improve investor sentiment. The 30-share Sensex closed up 146 points at 26,576 and the 50-share Nifty closed up 48 points at 7,928.

Indian stock market and companies daily report (October 22, 2014, Wednesday)

October 22, 2014, Wednesday
Indian markets are expected to open on positive note tracking SGX Nifty and most of Asian markets. In US, Stocks moved higher for the fourth consecutive session. A positive reaction to the latest earnings news contributed to the rally on Wall Street, with shares of Apple (AAPL) jumping by 2.7 percent after the tech giant reported better than expected quarterly results. European stocks raced higher Tuesday, as anxiety about the global economy was eased by relatively upbeat news out of China.

US stock market daily report (October 21, 2014, Tuesday)

October 21, 2014, Tuesday
A new position has been created in the senior ranks of the U.S. Justice Department National Security Division (NSD), experienced prosecutor, Luke Dembosky. According to experts, the new position could increase the number of national security-related cases brought to federal court. The move is a shift in focus from the NSDs previous mandate to investigate for intelligence-gathering purposes and only prosecute a subset of cases.

US stock market, economy and companies update (October 21, 2014)

October 21, 2014, Tuesday
Heartburn from lousing McDonalds and Coca-Cola results is not preventing markets from racking up impressive gains this morning, as traders home in on possible ECB stimulus talk and Apple's big quarter. Note that the September existing home numbers hit a one-year high. As of writing, the DJIA is up 0.68%, the S&P500 is up 1.27% and the Nasdaq is up 1.65%.

Indian stock market daily morning report (October 21, 2014, Tuesday)

October 21, 2014, Tuesday
Benchmark share indices ended over 1% higher on Monday as the fuel reforms would further ease inflation, lower the government's subsidy bill and contain the fiscal deficit. Further, Narendra Modi-led BJP gaining victory in Maharashtra and Haryana state elections raised hopes of more reforms to boost economic growth. The 30-share Sensex gained 321 points to end at 26,430 and the 50-share Nifty surged 100 points to end at 7,879.

Indian stock market and companies daily report (October 21, 2014, Tuesday)

October 21, 2014, Tuesday
Indian markets are expected to open on positive note tracking SGX Nifty and most of Asian markets. In US, Stocks moved notably higher over the course of the trading day on Monday, extending the strong upward move seen last Friday. The strength on Wall Street was partly due to bargain hunting, as traders continued to pick up stocks at reduced levels following the sell-off seen over the past few weeks.

US stock market daily report (October 20, 2014, Monday)

October 20, 2014, Monday
Joe Sullivan, chief security officer for Facebook, Inc. (FB-Nasdaq) said in a letter on Friday to Michele Leonhart, Administrator for the U.S. Drug Enforcement Administration - Facebooks rules apply to everyone. Sullivan said in the letter that their rules prohibit lying on profiles or creating a fake profile - both which DEA is found to be part of while working ongoing investigations. Users are not permitted to lie about who they are when creating a profile on Facebook.

US stock market, economy and companies update (October 20, 2014)

October 20, 2014, Monday
The S&P500 and Nasdaq are seeing modest gains this morning after a wild week, while the DJIA is being weight down by the 8% slide in IBM shares. As of writing, the DJIA is down 0.28%, the S&P500 is up 0.29% and the Nasdaq is up 0.65%. All has been quiet on the Ebola front for the last two days, with no new cases reported in the US and dozens of people released from the watch list in Dallas.

Indian stock market and companies daily report (October 20, 2014, Monday)

October 20, 2014, Monday
Indian markets are expected to open on positive note tracking SGX Nifty and other Asian markets. The rally on Wall Street partly reflected speculation that the Federal Reserve may delay the end of its asset purchase program following yesterday's comments from St. Louis Fed President James Bullard. European stocks rallied on Friday, trimming steep weekly losses after central mentioned that it was ready offer further stimulus measures if conditions warranted.

US stock market daily report (October 17, 2014, Friday)

October 17, 2014, Friday
During a speech before an audience at the Brookings Institution 'Think Tank' on Thursday, James Comey, FBI Director, said that new cell phone encryption features, have "the potential to create a black hole for law enforcement." Potential evidence on a cell phone is more out of reach due to the level of encryption built in. Comey said, "If this becomes the norm, I suggest to you that homicide cases could be stalled, suspects walk free, child exploitation not discovered and prosecuted."

US stock market, economy and companies update (October 17, 2014)

October 17, 2014, Friday
The equity snap-back has been general over the European and US sessions. Stock indices in Europe are looking to close up around 3% a piece, while most leading US indices are up more than 1.5% a piece. Meanwhile, the VIX is back around 20 after reaching 29.30 just 24 hours ago. Benchmark government yields are reversing the moves seen midweek, and the US 10-year is at 2.22%. As of writing, the DJIA is up 1.60%, the S&P500 is up 1.55% and the Nasdaq is up 1.63%.

Indian stock market daily morning report (October 17, 2014, Friday)

October 17, 2014, Friday
Benchmark share indices ended near two-month closing lows on Thursday, amid weak European cues, with metal shares declining the most on worries that global economic growth slowdown would hurt demand. The 30-share Sensex ended lower by 1.33% or 350 points at 25,999 and the Nifty was off 1.47% or 116 points to close at 7,748. Shares of eight metal companies closed 1.26% to 5.46% down on BSE on global growth worries.

Indian stock market and companies daily report (October 17, 2014, Friday)

October 17, 2014, Friday
Indian markets are expected to open on positive note tracking SGX Nifty. US markets ended on flat note after seeing initial weakness due to ongoing concerns about global economic growth along with worries about an expansion of the Ebola outbreak in the U.S. European stocks closed in negative territory yet again Thursday, but the major averages finished well off session lows after some encouraging economic news from the United States.

US stock market daily report (October 16, 2014, Thursday)

October 16, 2014, Thursday
Solon Middle School and Parkside Elementary School, a few miles southeast of Cleveland, were ordered closed Thursday by the Cleveland Metropolitan School District after a middle school worker “traveled home from Dallas on Frontier Airlines Tuesday on a different flight, but perhaps the same aircraft,” officials said. Nurse Amber Vinson, age 29, treated Ebola victim Thomas Eric Duncan and flew to Ohio on October 10. Vinson flew back to Texas on Monday and was tested positive for Ebola on Tuesday.

US stock market, economy and companies update (October 16, 2014)

October 16, 2014, Thursday
After plunging lower though the first hours of trading, European equities reversed and moved higher after 06:00ET thanks to talk the ECB was looking to make life easier for Greece. US futures remained beaten down and the 10-year yield briefly dipped back below 2%, however stocks zigzagged higher from the cash open, aided by soothing comments from Fed's Bullard.

Indian stock market daily morning report (October 16, 2014, Thursday)

October 16, 2014, Thursday
The Nifty ended marginally lower after realty major DLF plunged nearly 29%, recording its highest single-day after market regulator Sebi barred real estate major and six of its top executives, including Chairman K P Singh, from accessing the capital market for three years. The 30-share Sensex ended down 35 points at 26,349 and the 50-share Nifty ended down 20 points at 7,864.

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