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Indian stock market daily morning report (September 02, 2014, Tuesday)

September 2, 2014, Tuesday
Benchmark share indices ended at record closing highs with the Nifty breaching the psychological 8,000 level for the first time after better-than-expected first quarter GDP data fuelled a rally led by capital goods and bank shares. The 30-share Sensex ended up 229 points at 26,868 after hitting a record high of 26,900 and the 50-share Nifty ended up 73 points at 8,028 after touching a record high of 8,035.

Indian stock market and companies daily report (September 02, 2014, Tuesday)

September 2, 2014, Tuesday
Indian markets expected to open on flat to positive note tracking SGX Nifty and Asian markets. European stocks advanced, as European Union governments weighed further sanctions on Russia and as investors awaited this week's European Central Bank meeting. Back home, Indian market ended on a positive note after remaining firm throughout the trading session, indices extended gains and hit fresh record high in late trade after news reports filtered in that the Attorney General proposed to the Supreme Court that about 40 of the 218 coal mines it declared illegal should not be taken back from the companies that operate them as they were either producing or were close to producing.

US stock market daily report (September 01, 2014, Monday)

September 1, 2014, Monday
Per reports, iCloud accounts with Apple Inc. (AAPL-Nasdaq) have been hacked to obtain confidential photos of dozens of female actresses, models and athletes and posted them online. The authenticity of many could not be confirmed. A cloud is where the creepy hackers got their grimy claws on some intimate photos belonging to celebrities. Now, these are people, human beings with lives just like the rest of us. I suppose excluding creepy hackers since they would not have done what they did if they knew the pain and hurt it has caused.

US stock market, economy and companies update (September 01, 2014)

September 1, 2014, Monday
European indices were little changed in quiet trade with US participants on the sidelines with the labor Day holiday. Turkey Central Bank (CBRT): To keep tight monetary stance through flattened yield curve. Japan govt advisor Honda: Next phase of planned sales tax increase should be delayed into 2017 as prior April hike hit the economy harder than expected. Japan LDP Min Kozo Yamamoto: Japan needs to delay second sales tax increase; economy is recovering slower than expected.

Indian stock market daily morning report (September 01, 2014, Monday)

September 1, 2014, Monday
Sensex extended gains for the sixth straight session and also gained for the seventh straight month, rising the most in May, after the Modi-led NDA government took charge and announced a slew of initiates that helped improve business sentiment and lifted the economy back on the growth track. Further, today was also the expiry of August futures and options contracts. Both the benchmark share indices ended at record closing highs.

Indian stock market and companies daily report (September 01, 2014, Monday)

September 1, 2014, Monday
Indian markets expected to open on positive note tracking SGX Nifty and Asian markets. U.S. stocks rose, finishing the biggest monthly gain since February, on improving economic data and speculation central banks will continue to spur growth. European stocks advanced, posting their first monthly gain since May, as drugmaker AstraZeneca Plc climbed. Back home, Indian market ended on a positive note ahead of GDP data that is likely to show economic recovery in first quarter of FY15.

US stock market daily report (August 29, 2014, Friday)

August 29, 2014, Friday
Scientists reported the detection of a huge disk of dusty debris around a sunlike star by the name of NGC-2547 ID8, located nearly 1,140 light-years from Earth in the constellation Vela. The mammoth collision allowed scientists to see the wreckage of a distant young star - a landmark find that could shed light on how our own solar system's rocky planets took shape long ago. The sunlike star is 35 million years old and, is the same mass and size as our sun. Its age - the same age our sun was when similar impacts were building Earth, Mars and other rocky planets in our solar system.

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

August 29, 2014, Friday
US traders are largely looking past another round of solid economic data and appear to be willing to lighten up positions ahead of the long Labor day weekend. Geopolitical developments continue to weigh on peoples' minds. Ukraine remains a sore spot as it appears we are headed toward another round of sanctions. European leaders are meeting at summit tomorrow and NATO convenes next week.

Indian stock market and companies daily report (August 29, 2014, Friday)

August 29, 2014, Friday
Indian markets expected to open on positive note tracking SGX Nifty and Asian markets. US markets struggled to add to gains on Wednesday as no major reports were released. Trading was lackluster with some market participants on vacation ahead of the Labor Day and as a result, indices ended on a flat note. European stocks were unable to extend gains on Wednesday on account of weak consumer sentiment in Germany.

US stock market daily report (August 28, 2014, Thursday)

August 28, 2014, Thursday
The presence of Naegleria fowleri - a deadly brain eating amoeba - has been found in the St. John Water District 1 water system in Louisiana. The water system serves 12,577 people in the towns of Garyville, Mount Airy and Reserve. No one has become sick from the amoeba and the water is safe to drink but, the amoeba can pose a risk if it enters the nasal passage, according to the parish and state health officials. Late Wednesday, the Louisiana Department of Health and Hospitals [LDHH] issued an emergency order requiring the parish to perform a chlorine burn throughout its water system to kill the amoeba.

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

August 28, 2014, Thursday
Geopolitics, the Ukraine specifically, have taken center stage once again in today's markets. Stocks traded lower in Asia and Europe which resulted in a lower US open as the latest round of escalation weighed on sentiment. Yesterday reports were surfacing that Russian troops were on the ground in parts of Southern Ukraine helping separatists. President Poroshenko confirmed as much in a press conference noting the situation on the ground had changed significantly.

Indian stock market daily morning report (August 28, 2014, Thursday)

August 28, 2014, Thursday
Markets continued their winning streak for the fourth straight session with the Nifty ending at a fresh record closing high. The 30-share Sensex ended 117 points higher at 26,560 and the 50-share Nifty gained 31 points to end at 7,936. The broader markets ended in line with the benchmark indices-BSE Midcap and Smallcap indices gained 0.7% and 0.8%, respectively. Shares of six defence equipment makers rose by 4.06% to 5.08%, in the days trade, on BSE after the government notified increase in foreign direct investment limit to 49% through approval route in the defence sector.

Indian stock market and companies daily report (August 28, 2014, Thursday)

August 28, 2014, Thursday
Indian markets expected to open on positive note tracking SGX Nifty and Asian markets. US markets struggled to add to gains on Wednesday as no major reports were released. Trading was lackluster with some market participants on vacation ahead of the Labor Day and as a result, indices ended on a flat note. European stocks were unable to extend gains on Wednesday on account of weak consumer sentiment in Germany.

US stock market daily report (August 27, 2014, Thursday)

August 27, 2014, Wednesday
According to a report released Tuesday by Working Partnerships USA - a labor-affiliated nonprofit group that works on behalf of temporary employees - black and Hispanic workers make up 41% of private security guards, 72% are janitors and 76% of maintenance workers in Silicon Valley. The report reads, "These twin dynamics -- lack of access to high-end tech jobs, and lack of adequate wages in contracted service jobs - have a profound impact on the communities that are left behind by Silicon Valley's flagship industry."

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

August 27, 2014, Wednesday
With little if any US data to sift through, investors continue to focus on geopolitical developments, plunging European bond yields and technical levels as the main drivers of trade. US indices opened flat to slightly higher but have retraced modestly from the most recent high water marks. The scuttlebutt in Europe continues to be the pressure is on Draghi to act and act decisively to fend off deflation. Despite some jawboning from the German Finance Ministry the 10-year bund yield fell to a fresh lifetime low below 0.9%.

Indian stock market daily morning report (August 27, 2014, Wednesday)

August 27, 2014, Wednesday
Markets ended flat, amid a volatile trading session, even as select metal stocks rebounded while power stocks extended losses after the apex court's verdict on coal block allocations. The 30-share Sensex ended up 6 points at 26,443 and the 50-share Nifty ended down 2 points at 7,905. Shares of 10 companies operating in the power sector fell by 0.92% to 4.36%, in the intraday trade, on BSE after the Supreme Court ruled that all coal block allocations post 1992 were illegal.

Indian stock market and companies daily report (August 27, 2014, Wednesday)

August 27, 2014, Wednesday
Indian markets expected to open on positive note tracking SGX Nifty and Asian markets. US markets closed in a positive territory, as consumer confidence in the US improved and jumped to its highest level in almost seven years in August, fueling hope that the economy is starting to build steam. European stocks continued to surge higher on Tuesday, bolstered by signs the U.S. economic recovery is on track.

US stock market daily report (August 26, 2014, Tuesday)

August 26, 2014, Tuesday
The booming $3 billion global market for over 400 brands of electronic cigarettes, is taking a toll on the rapidly fading tobacco cigarette industry. I for one, gave up stinky cigarettes eight months ago and now use e-cigarettes. Former smokers, like myself, can get their nicotine 'fix' from e-cigarettes, without taking in over 4,000 chemicals including 43 known cancer-causing carcinogenic compounds and 400 other toxins with regular tobacco cigarettes.

US stock market, economy and companies update (August 26, 2014)

August 26, 2014, Tuesday
US stock markets opened higher with the S&P testing 2000 for the second straight day. Investors largely ignored the noisy durable goods data which saw the headline boosted by a large seasonal uptick in plane orders. With many stock markets holding near historic highs and rates slogging along at multiyear lows here, and historic lows in Europe, August US consumer confidence hit the highest levels since Oct of 2007.

Indian stock market daily morning report (August 26, 2014, Tuesday)

August 26, 2014, Tuesday
Benchmark indices which hit fresh record highs early on Monday ended flat amid selling pressure in metal and power stocks after the Supreme Court on Monday held that guidelines were breached in coal block allocations during the UPA government and that the terms of allotment, going as far back as 1993, were themselves illegal. However, the 30-share Sensex ended at a record closing high up 17 points at 26,437 after hitting a fresh record high of 26,631 and the 50-share Nifty ended down seven points at 7,906 after hitting a fresh record high of 7,968.

Indian stock market and companies daily report (August 26, 2014, Tuesday)

August 26, 2014, Tuesday
Indian markets expected to open on flat note tracking SGX Nifty and Asian markets. US markets closed in a positive territory, aided by merger news of Burger King (BKW) and Tim Hortons (THI). S&P 500 rose above 2,000 for the first time on the hopes in Europe for stimulus from the ECB. European markets closed on positive note, after European Central Bank President Mario Draghi indicated last week that it may roll out monetary stimulus measures to counter deflationary risks and boost demand in the ailing euro zone economy.

US stock market daily report (August 25, 2014, Monday)

August 25, 2014, Monday
According to the National Climatic Data Center [NCDC], 2014 is on track to set record temperatures, unique back to 1900 when temperatures were first recorded. The records set are not for the hottest or the coldest temperatures, it's the persistence of temperatures hitting above average or hitting below average. This is the first year for both cold and warm temperatures ranged far outside the 'norms'. The record setting began last winter with the infamous "polar vortex" when freezing Arctic air came in as the jet stream dipped south.

US stock market, economy and companies update (August 25, 2014)

August 25, 2014, Monday
US stocks began the week on another strong note helped by a rally in Europe. The S&P crossed 2000 for the first time ever. Weekend analysis of commentary from ECB's Draghi at Jackson Hole has suggested they maybe even closer to enacting more stimulus policy. The recent run of weak data from Germany in particular (including today's IFO readings), and his highlighting of August decline in inflation expectations have some speculating unconventional measures are in the offing.

Indian stock market daily morning report (August 25, 2014, Monday)

August 25, 2014, Monday
Markets ended higher on Friday led by IT exporters after upbeat US economic data indicated signs of an uptick in the world's largest economy. Further, the benchmark Nifty, ended above 7,900 for the first time after hitting a fresh record high of 7,929.05 for the fourth time this week. The BSE Sensex gained 0.23% or 59.44 points to end at 26,419.55 while the CNX Nifty ended 0.28% or 22.10 points higher at record closing high of 7,913.20

Indian stock market and companies daily report (August 25, 2014, Monday)

August 25, 2014, Monday
Indian markets expected to open on negative note tracking SGX Nifty and Asian markets. US markets were choppy throughout the session and closed on a flat note. The volatility in US Markets was mainly due to Federal Reserve Chair Janet Yellen speech, which did not provide any meaningful hints about the outlook for interest rates and largely focused on the difficulty in judging the remaining degree of slack in the labor market.

US stock market daily report (August 22, 2014, Friday)

August 22, 2014, Friday
Dickey's Barbecue Restaurants Inc., a Dallas-based chain, located in South Jordan, Utah - a Salt Lake City suburb - has had at least two incidents of poisoning by the incorrect use of a highly toxic chemical cleaner mixed with sugar, by negligent employees. Jan Harding, a 67 year old retired kindergarten teacher from Sandy, Utah, suffered deep burns in her upper esophagus after taking a sip of sweetened iced tea at Dickey's, that was laced with a highly toxic chemical cleaning compound. Harding drank tea on August 10 from one of the restaurant's yellow refillable cups, that frequent customers use.

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

August 22, 2014, Friday
Fed Chair Yellen has spoken and markets are reacting calmly to her balanced, pragmatic remarks. The yield on the ten-year UST has risen to match the 2.44% level seen in the wake of Wednesday's FOMC minutes release while the dollar is broadly stronger. Equity markets have been choppy: after popping into positive territory after Yellen's remarks, the DJIA is now down 0.25%, the S&P500 is down 0.17% and the Nasdaq is down 0.12%.

Indian stock market daily morning report (August 22, 2014, Friday)

August 22, 2014, Friday
Markets ended marginally higher on Thursday led by gains in bank shares after Finance Minister Arun Jaitley said that the government was working towards bringing in more professionalism in the functioning of banks and improving risk management, amid the backdrop of the recent scams in some public sector banks. Further, steel shares came under pressure after the government hiked royalty on iron and bauxite. The 30-share Sensex ended higher by 46 points at 26,360 and the 50-share Nifty gained 16 points at 7,891.

Indian stock market and companies daily report (August 22, 2014, Friday)

August 22, 2014, Friday
Indian markets expected to open on positve note tracking SGX Nifty and Asian markets. US markets ended in positive territory on Thursday. The continued strength on US Markets were mainly due to a batch of largely upbeat U.S. economic data, including a report from the National Association of Realtors showing that existing home sales unexpectedly rose to a ten-month high in July.

US stock market daily report (August 21, 2014, Thursday)

August 21, 2014, Thursday
The sub-prime auto loan business of 2014 is surging with volumes rising up to 12.7%. On the downside, compared with Q2 2013, the rate of vehicle repossessions has risen by more than 70% to 0.62%. The 60-day loan delinquency rate rose to 0.62% of borrowers from 0.58% in same period of 2013, representing an $859 million increase in delinquent auto loan balances. The 30-day delinquency rate grew to 2.39% from 2.38% in 2013, resulting in an increase by $2.8 billion.

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

August 21, 2014, Thursday
US and European indices are making steady progress today thanks to very good US economic data reports. As of writing, the DJIA is up 0.45%, the S&P500 is up 0.27% and the Nasdaq is flat. The flash print of the August Markit manufacturing PMI data has easily made up for July's weak showing. The 58 reading is the highest since April 2010, beating expectations and up from the 55.8 July final print.

Indian stock market daily morning report (August 21, 2014, Thursday)

August 21, 2014, Thursday
Markets ended lower on Wednesday, amid weak European cues, on profit taking after sharp gains in the previous two sessions which lifted the benchmark share indices to their record highs. Meanwhile, the Nifty which had earlier hit its third successive record high of 7,922.70 today also failed to end above 7,900 mark for the second straight day. The 30-share Sensex dropped 106 points to close at 26,314 and the 50-share Nifty shed 22 points to end at 7,875.

Indian stock market and companies daily report (August 21, 2014, Thursday)

August 21, 2014, Thursday
Indian markets expected to open on flat note tracking SGX Nifty and Asian markets. US markets fluctuated over the course of the trading day on Wednesday before ending the session mostly higher. The Dow and the S&P 500 both finished the day in positive territory, although the tech-heavy Nasdaq ended on negative note. Markets saw considerable volatility in afternoon trading following the release of the minutes of the Federal ReserveRs.s monetary policy meeting in late July.

US stock market daily report (August 20, 2014, Wednesday)

August 20, 2014, Wednesday
The BrightSource solar power plant near Ivanpah in California’s Mojave Dessert uses some 350,000 garage-door-sized mirrors to focus sunlight on three boiler towers which each towering 40 stories high. The three towers have a total capacity of 392 megawatts and an annual production of nearly 1,000 gigawatt-hours of reasonably priced electricity. The solar plant spans 1,600 hectares and with a sizable amount attributed from a US Department of Energy loan as well as sizable investments from NRG Energy, Inc. (NRG-NYSE) and Google Inc. (GOOG-Nasdaq), cost $2.2 billion to build.

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

August 20, 2014, Wednesday
US futures were trading lower after two days of solid gains before the open, depressed in part by European equity weakness. Markets await the minutes of the July FOMC meeting for some clarity on exit positioning. As of writing, the DJIA id up 0.14%, the S&P500 is flat and the Nasdaq is down slightly. The dollar strengthened further in the Asia and European sessions, with EUR/USD touching 1.3275 and GBP/USD nearly reaching 1.6600 in the US premarket this morning.

Indian stock market and companies daily report (August 20, 2014, Wednesday)

August 20, 2014, Wednesday
Indian markets expected to open on flat note tracking SGX Nifty and Asian markets. US markets turned in another strong performance during trading on Tuesday, extending the upward trend seen over the past several sessions. The continued strength on Markets came following the release of two closely watched reports on consumer price inflation and new residential construction.

Indian stock market daily morning report (August 20, 2014, Wednesday)

August 20, 2014, Wednesday
Benchmark share indices gained for the sixth straight session, amid firm global cues, to end at fresh record closing highs on the back of agrressive buying by instiutional investors. The 30-share Sensex ended up 30 points at 26,421 after hitting a record intra-day high of 26,531 and the 50-share Nifty ended 23 points higher at 7,89- after touching a fresh high of 7,919. Three PSU OMCs rose 1.99% to 3.28% on BSE on recent downtrend in crude oil prices amid geopolitical tensions.

US stock market daily report (August 19, 2014, Tuesday)

August 19, 2014, Tuesday
Google Inc. (GOOG-Nasdaq) went public 10 years ago today - on August 19, 2004 - debuting at $85 a share with a $23 billion valuation. At the end of trading on that first day Google shares closed at $100.35. Annual revenue for Google in 2004 was just over $3 billion and 10 years later annual revenue comes in around $70 billion. Today, on its 10th year anniversary, shares of Mountain View, California-based Google are trading at just under $600 a share, with a 52 week high of $604.83. Market cap for the search engine giant today, a cool $390 billion, making it one of the largest companies on Earth.

US stock market, economy and companies update (August 19, 2014)

August 19, 2014, Tuesday
Tame US inflation, good housing data and some excellent retail quarterly reports are all contributing to the very positive sentiment this morning. As of writing, the DJIA is up 0.42%, the S&P500 is up 0.38% and the Nasdaq is up 0.20%. The July CPI inflation report met expectations, while the core reading was ever so slightly softer than expected. The m/m and annualized rate of inflation growth has moderated from June and May levels, which will likely give the Fed doves ammunition for their calls to hold off on tightening for longer.

Indian stock market daily morning report (August 19, 2014, Tuesday)

August 19, 2014, Tuesday
Markets continued their winning streak for the fifth straight session, amid firm European cues, to end at fresh record closing highs after Prime Minister Narendra Modi announced a scheme for financial inclusion while easing whole-sale price inflation also boosted sentiment. Further, renewed buying interest from foreign funds helped support the market. The 30-share Sensex closed at a record high of 26,391 and the Nifty gained 83 points to close at a high of 7,874. ICICI Bank, ONGC and Tata Motors contributed to nearly 50% gain seen on the Nifty.