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Reports India

Indian stock market daily morning report (March 31, 2015, Tuesday)

March 31, 2015, Tuesday
Benchmark indices ended nearly 2% higher snapping eight-day losing streak amid a broad-based rally led by index heavyweight, capital goods and bank shares while firm global cues and strength in Asian markets also aided the upmove. The 30-share Sensex ended 517 points higher at 27,976 and the 50-share Nifty closed 120 points higher at 8,492. Shares of nine rail business linked companies closed 2.39% to 7.82% up on BSE after a Committee on Traffic Optimisation said in its report that freight loading has the potential to grow between 9% to 15% during the next 4 years.

Indian stock market and companies daily report (March 31, 2015, Tuesday)

March 31, 2015, Tuesday
U.S. stocks showed a strong move back to the upside during trading on Monday. The markets benefited from a number of positive catalysts, although the major averages remained well below their recent highs. European stocks rose on Monday, bouncing back from last week's losses with tech shares rallying after merger talks in the industry spurred rallies in the sector. Indian markets ended on positive note on cues from global markets and slide in global crude oil prices underpinned sentiment on the domestic bourses.

US stock market daily report (March 30, 2015, Monday)

March 30, 2015, Monday
BionicANT - bionic ants the size of a human hand - designed not only to look good but, to demonstrate swarm intelligence by working together in a way that could result in the future workers of factory production systems. The small robotic sized ant was developed by a privately owned German technology firm Festo, based in Esslingen am Neckar, Germany. The bionic ants are part of the developer's Bionic Learning Network as they works on transferring natural phenomena to engineering techniques and equipment.

US stock market, economy and companies update (March 30, 2015)

March 30, 2015, Monday
European markets closed at their highs and US equities are tearing higher on the final day of March trading. PBoC Chief Zhou made dovish comments yesterday, helping the Shanghai Composite zoom out to a seven-year high, and Yellen's remarks on Friday are being interpreted as "dovish." As of writing, the DJIA is up 1.50%, the S&P500 is up 1.00% and the Nasdaq is up 0.86%.

Indian stock market daily morning report (March 30, 2015, Monday)

March 30, 2015, Monday
Markets ended flat, amid a volatile trading session, led by Infosys and a rebound in bank shares even as select index heavyweights capped upside gains. The 30-share Sensex ended up 1 point at 27,459 and the 50-share Nifty ended down 1 point at 8,341. Four IT stocks closed 0.11% to 6.65% up on BSE after global a global management consulting, technology services and outsourcing giant Accenture raised its full year revenue growth forecast for the second time in a year. MphasiS (up 0.92%), Hexaware Technologies (up 6.65%), Infosys (up 2.68%) and TCS (up 0.11%) gained.

Indian stock market and companies daily report (March 30, 2015, Monday)

March 30, 2015, Monday
U.S. stocks rose modestly on Friday after late news of merger talks in the semiconductor space boosted the technology sector and helped major indexes snap a four-day losing streak. European shares was set for its biggest weekly drop of the year on Friday, although it snapped a sharp two-day losing streak following a surge in Danish pharmaceuticals firm Novo Nordisk.

US stock market daily report (March 27, 2015, Friday)

March 27, 2015, Friday
The head of the National Security Agency, Director Admiral Michael Rogers told a Congressional panel Thursday, that the capacity to shut down our nation's power grid and other critical infrastructure through a cyber attack, lies in the hands of China and "probably one or two other" countries. In his testimony before the House Intelligence Committee on November 20th, NSA Director Admiral Michael Rogers went into some detail on those risks: House Intelligence Committee Chairman Mike Rogers:

US stock market, economy and companies update (March 27, 2015)

March 27, 2015, Friday
US equities stopped the bleeding during yesterday's session and today we are seeing some tepid gains, although the 10-year UST has come in 2.5 basis points or so. As of writing, the DJIA is up 0.07%, the S&P500 is up 0.26% and the Nasdaq is up 0.29%. Fed Chair Yellen is scheduled to speak on monetary policy in San Francisco later this afternoon. Few observers expect her to materially alter the tone of last week's FOMC press conference or the more cautious Fed forecasts issued at that time.

Indian stock market and companies daily report (March 27, 2015, Friday)

March 27, 2015, Friday
Indian markets are expected to open flat as indicted by the SGX Nifty and Asian markets. US markets opened lower led by geopolitical concerns, after Saudi Arabia and its Gulf Arab allies started bombing rebel targets in Yemen. Nonetheless, selling pressure waned as trading progressed and the major averages ended the day modestly lower. European markets sold-off sharply led by the geopolitical concerns. However, the markets were able to pare their losses, after the US equity markets turned positive.

US stock market, economy and companies update (March 26, 2015)

March 26, 2015, Thursday
The momentum tech and biotech names are leading markets to their fourth day of losses this morning as both the S&P500 and the DJIA both dip into the red YTD. As of writing, the DJIA is down 0.47%, the S&P500 is off 0.40% and the Nasdaq is down 0.54%. Weekly jobless claims fell to fresh five-year lows, while the preliminary Markit services PMI report was better than expected. The dollar has strengthened from the US premarket to now, with EUR/USD touching 1.1050 and then retreating more than a big figure to nearly 1.900.

Indian stock market and companies daily report (March 26, 2015, Thursday)

March 26, 2015, Thursday
Indian markets are expected to open in the red tracking the SGX Nifty and weak global cues. US markets closed sharply lower led by a sell-off in technology and biotech stocks. The Commerce Department also released a report showing an unexpected drop in durable goods orders in February. European markets ended firmly in the red, despite the better than expected German business confidence report.

US stock market daily report (March 25, 2015, Wednesday)

March 25, 2015, Wednesday
Talk about an incredible growth expansion - in 2003 there were 500 million electronic devices in the world. During 2010 the number of electronic devices in the world surged to 12.5 billion. At that rate, the world is expected to see an explosion to nearly 50 billion electronic devices by the year 2020. What does this mean for users of these ever popular devices - an increase in the opportunity for cyber criminals to attack. U.S. Deputy Treasury Secretary Sarah Bloom Raskin said on Wednesday at the CityWeek conference in London, "Each of us must recognize this risk is perhaps the most pressing operational risk of our time."

US stock market, economy and companies update (March 25, 2015)

March 25, 2015, Wednesday
European indices are looking to close at their lows as tensions between the EU and Greece worsen, while in the US the poor February durable goods report steepening the risk-off tone. The 10-year UST yield dropped as low 1.865% earlier on the risk-off tone. Biotech names are seeing broad declines, dragging the Nasdaq lower. As of writing, the DJIA is down 0.87%, the S&P500 is down 0.18% and the Nasdaq is down 1.40%.

Indian stock market and companies daily report (March 25, 2015, Wednesday)

March 25, 2015, Wednesday
US markets erased early gains to close lower on the back of renewed concerns about the outlook for interest rates on the heels of some upbeat housing data. European markets ended in the green led by better than anticipated economic data. Germany's private sector expanded at the strongest pace in eight months in March, while Eurozone private sector grew at the fastest pace in almost four years. Indian markets finally ended lower after an extremely choppy session as investors continued to adopt a cautious stance ahead of the derivatives expiry.

US stock market daily report (March 24, 2015, Tuesday)

March 24, 2015, Tuesday
America is running out of places to store all the excess American crude oil. Although the excess oil is causing a problem for storage, its an overall good thing that Americans are not using up much of the oil being pumped here, on American soil. U.S. oil inventories are reaching record levels as oil production on American soil continues to expand at the fastest increase in history.

US stock market, economy and companies update (March 24, 2015)

March 24, 2015, Tuesday
The February US new home sales data was very strong and CPI has returned to growth for the first time in three months, but US stocks are mostly flat on the session. As of writing, the DJIA and S&P500 are up 0.06% each, while the Nasdaq is up 0.38%. CPI returned to growth in February, delivering the first positive growth in headline CPI since October and the first gain in energy prices since June. Fed Chair Yellen and many Fed officials have reiterated that the declines in energy prices are transitory, and this is the first hard economic data to support their contention.

Indian stock market daily morning report (March 24, 2015, Tuesday)

March 24, 2015, Tuesday
Markets ended marginally lower, amid a choppy trading session, on lack of fresh triggers and caution ahead of the expiry of March derivative contracts later this week. The 30-share Sensex ended down 69 points at 28,192 and the 50-share Nifty closed 20 points lower at 8,551. Coal India closed 0.22% up at Rs 368.90 on BSE on buzz a foreign brokerage downgraded the stock to neutral from overweight and cut its target price citing lower offtake and realisations as key reasons for downgrade.

Indian stock market and companies daily report (March 24, 2015, Tuesday)

March 24, 2015, Tuesday
US markets ended marginally lower came under pressure going into the close as traders subsequently seemed reluctant to make significant moves amid lingering uncertainty about the monetary policy outlook. European markets too ended in the red as investors were cautious ahead the meeting between German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras.

US stock market daily report (March 23, 2015, Monday)

March 23, 2015, Monday
Antidote from Opossums could some day treat patients bitten by venomous snakes. Current treatments result in unpleasant side effects, something not expected by using the Possum antidote. Opossums eat snakes for lunch and suffer no ill effects from deadly snake venom. Researchers found that a certain protein Possums possess, neutralizes snake venom. A research team led by Claire Komives of San Jose State University presented their findings Monday, at the annual meeting of the American Chemical Society in Denver, Colorado.

US stock market, economy and companies update (March 23, 2015)

March 23, 2015, Monday
The DJIA and S&P500 are seeing modest gains this morning in a quiet session. As of writing, the DJIA is up 0.19%, the S&P500 is up 0.18% and the Nasdaq is down 0.10%. More Fed officials have come out of the woodwork to talk about last week's change in tone. Fed Governor Bullard said markets were correct to see some dovishness in the dot chart as the dots moved lower, but also asserted that the Fed is not close to being behind the curve. Meister said June was still a possible date for rate hikes, but nothing is set in stone right at the moment.

Indian stock market daily morning report (March 23, 2015, Monday)

March 23, 2015, Monday
Benchmark share indices extended losses for the third straight day as investors booked profits at higher levels with ICICI Bank and FMCG majors leading the decline. The 30-share Sensex ended down 208 points at 28,261 and the 50-share Nifty closed 64 points lower at 8,571. Wipro closed 2.92% up at Rs 651.85 on BSE after the company said it has been selected by US-based utility company, Greater Cincinnati Water Works as its IT partner to transform the utility's CRM, billing and service bureau operations.

Indian stock market and companies daily report (March 23, 2015, Monday)

March 23, 2015, Monday
US markets ended higher led by weakness in the US dollar amid indications that the Federal Reserve plans to raise interest rates more slowly than previously anticipated. European markets ended firmly in positive territory led by investor optimism for an agreement on Greece. Greek Prime Minister Alexis Tsipras has agreed to submit a list of reforms within days and said he is more optimistic after the meeting with Merkel and other key leaders on the sidelines of the two-day EU summit.

US stock market daily report (March 20, 2015, Friday)

March 20, 2015, Friday
A treatment could soon be available for patients suffering from prodromal or mild Alzheimer's. Pharmaceutical giant Biogen Idec (BIIB: Nasdaq) announced data from a pre-specified interim analysis of PRIME, the Phase 1b study of aducanumab (BIIB037), in which aducanumab demonstrated an acceptable safety profile and positive results on radiologic and clinical measurements. The data was released at the 12th International Conference on Alzheimer's and Parkinson's Diseases and Related Neurological Disorders in Nice, France.

US stock market, economy and companies update (March 20, 2015)

March 20, 2015, Friday
Equity markets are on a tear higher this morning, with European indices points off their highs and US indices seeing good gains in heavy volume (today is quad witching). The Nasdaq opened above 5000 and looks primed to take out the March, 2000 closing high of 5048. As of writing, the DJIA is up 0.92%, the S&P500 is up 0.66% and the Nasdaq is up 0.76%.

Indian stock market daily morning report (March 20, 2015, Friday)

March 20, 2015, Friday
Benchmark indices ended lower amid volatility after profit booking emerged during late noon trades in banks, auto and RIL shares erasing early gains. The 30-share S&P BSE Sensex ended lower by 152.45 points at 28,469.67 and the 50-share CNX Nifty fell 51.25 points at 8,634.65. Both the indices had gained more than 1% in early trades after the US Federal Reserve's outcome that it will wait for more reassuring cues from the economy before any hike in key rates.

Indian stock market and companies daily report (March 20, 2015, Friday)

March 20, 2015, Friday
US markets turned in a relatively lackluster performance during trading with the major averages eventually ending the session on a mixed note. While the Dow was down, the tech-heavy Nasdaq clung on to a modest gain. European markets ended with modest gains despite the dovish interest rate outlook in the Federal Reserve's monetary policy announcement as Greece concerns and continued weakness in oil prices weighed on investor sentiment.

US stock market daily report (March 19, 2015, Thursday)

March 19, 2015, Thursday
Plummeting oil prices, near-capacity crude oil storage facilities and sanctions against Iran and Russia are forcing both sides of the debate to address strategic questions as to whether the longstanding ban on U.S. crude oil exports should be lifted. With the fracking boom in the U.S., crude storage tanks are filling up rapidly. The ban to export unprocessed crude was introduced following the 1973 oil shock, although U.S. laws currently allow exports of refined products such as gasoline and diesel.

Indian stock market daily morning report (March 19, 2015, Thursday)

March 19, 2015, Thursday
Benchmark indices ended lower, amid a volatile trading session, as investors turned cautious and booked profits ahead of the conclusion of US Federal Reserve two-day policy meet that would signal its take on interest rates. The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686. Tata Motors closed 2% down at Rs 560.10 on BSE after the company said that its global wholesales including Jaguar Land Rover rose 5% to 83,951 units in February 2015 over February 2014.

Indian stock market and companies daily report (March 19, 2015, Thursday)

March 19, 2015, Thursday
US markets ended the day higher with traders reacting positively to the dovish outlook for interest rates in the Federal Reserve's monetary policy announcement. The Fed noted that economic growth has moderated somewhat and stressed that it remains unlikely to raise interest at its April meeting. European markets ended on a mixed note due to concerns over Greece and caution ahead of the upcoming statement from the Federal Reserve.

US stock market daily report (March 18, 2015, Wednesday)

March 18, 2015, Wednesday
According to a new report from the Government Accountability Office (GAO), during 2014 across 124 programs under 22 federal agencies including some of the largest government programs such as Medicare, Medicaid and Social Security paid out a massive $125 billion in improper or erroneous benefit payments and who foots the bill - American taxpayers. Of the three largest programs, they accounted for erroneous payments to the tune of $89 billion. The immense overpayments is the most ever recorded and an increase from 2013 by $19 billion.

US stock market, economy and companies update (March 18, 2015)

March 18, 2015, Wednesday
Equity trading volumes are subdued this morning and equities are in the red as participants await the Fed statement and Yellen's press conference later this afternoon. The UST 10-year yield id down three basis points to trading around 2.018%. As of writing, the DJIA is down 0.5%, the S&P is off 0.4% and the Nasdaq is down 0.2%. WTI crude stabbed toward $42 before ahead of the DoE inventory report this morning, and trading was volatile on release of the data. Inventories builds were more than twice the expected amount.

Indian stock market daily morning report (March 18, 2015, Wednesday)

March 18, 2015, Wednesday
Benchmark share indices ended over 1% higher, amid a choppy trading session, led by financials on expectations that weak US economic data may prompt the US Federal Reserve not to announce hike interest rates at it two-day policy meet which begins later today. The 30-share Sensex surged 299 points to close at 28,736 and the 50-share Nifty gained 90 points to end at 8,723. ONGC closed 0.58% up at Rs 313.90 on BSE in a volatile trade after Minister of State for Petroleum & Natural Gas Dharmendra Pradhan said the finalisation of tender for construction of a vessel got delayed as one of the rejected bidders approached I EM on 2 occasions

Indian stock market and companies daily report (March 18, 2015, Wednesday)

March 18, 2015, Wednesday
Indian markets are expected to open higher tracking the SGX Nifty and Asian markets. US markets ended the day lower led by weak housing starts data and tradersRs. reluctance to take significant positions ahead of the announcement of the Federal Reserve's latest monetary policy decision. European markets pulled back after the rally on Monday, led by profit taking and weak economic data.

US stock market daily report (March 17, 2015, Tuesday)

March 17, 2015, Tuesday
According to CoreLogic during Q4 of 2014, nearly 5.4 million homes or 10.4% of all homes with a mortgage, remained in a negative equity position or "underwater". These home owners still owe more on their mortgage than their homes are currently worth. While this number is down 18.9% from 2014, these homeowners are unable to put their house on the market for sale because they would lose money - money they don't have to cover their loss.

US stock market, economy and companies update (March 17, 2015)

March 17, 2015, Tuesday
The Fed began its two-day policy meeting this morning, while US and European equities are giving up gains seen yesterday. The dollar continues to lose ground against a broad basket of global currencies, with EUR/USD testing as high as 1.0650. The UST ten-year yield is down two basis points to 2.052%. The DJIA is down 0.92%, the S&P500 is off 0.69% and the Nasdaq is giving up 0.24%.

Indian stock market daily morning report (March 17, 2015, Tuesday)

March 17, 2015, Tuesday
Markets ended lower, amid a choppy trading session as institutional investors booked profits on caution ahead of the two-day US Federal Reserve policy meet which begins tomorrow while further contraction in February WPI data weighed on investor sentiment. The 30-share Sensex ended down 66 points at 28,438 and the Nifty ended down 15 points at 8,633.

Indian stock market and companies daily report (March 17, 2015, Tuesday)

March 17, 2015, Tuesday
US markets ended the day firmly in positive territory led by a pullback in the value of the US dollar, which gave back ground following recent strength. Markets shrugged off some weak economic data including a report from the National Association of Home Builders showing that homebuilder confidence fell to its lowest level in eight months in March. European markets too closed in the green as investors are looking forward to the conclusion of the Federal Reserve's 2-day monetary policy meeting on Wednesday.

US stock market daily report (March 16, 2015, Monday)

March 16, 2015, Monday
The National Association of Home Builders/Wells Fargo (NAHB) housing-market index - a gauge of confidence among home builders - fell for the third month in a row for March, down 2 points to 53 for the lowest level since the summer of 2014. NAHB blamed heavy snowfall during February for the decline in confidence. For the month of March the NAHB blame labor shortages, tough lending standards and a tight supply of vacant lots of land on which to build.

US stock market, economy and companies update (March 16, 2015)

March 16, 2015, Monday
Equities are on a tear again this morning, with European equities looking to close at fresh highs and US stocks picking up where they left off from Friday's late-session rally. The dollar has given up a little ground, even as the 10-year yield comes in, dropping three basis points to 2.083%. As of writing, the DJIA is up 1.10%, the S&P500 is up 1.00% and the Nasdaq is up 0.96%.

Indian stock market daily morning report (March 16, 2015, Monday)

March 16, 2015, Monday
Markets ended 1.5% lower on Friday with banks leading the decline amid rising bond yields while weak economic data also weighed on investor sentiment. The 30-share Sensex ended down 427 points at 28,503 and the 50-share Nifty closed 128 points lower at 8,648. Reliance Capital closed 3.13% down at Rs 474.60 on BSE; on profit booking after the company allotted 70 lakh equity shares at Rs 530 each to Japan's Sumitomo Mitsui Trust Bank.