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Indian stock market daily morning report (April 25, 2014, Friday)

April 25, 2014, Friday
The markets scaled fresh all-time highs on the last day of April derivatives series due to strength in capital goods and banking stocks. The Sensex ended at 22,-77, higher by 11- points and the Nifty ended at 6-40, up 25 points. VST Industries closed 6.65% up at Rs 1,-97.45 on BSE after net profit rose 49.37% to Rs 51.-9 crore on 1-.11% rise in net sales to Rs 1--.9- crore in Q4 March, 2014 over Q4 March, 2013. Yes Bank closed 1.67% up at Rs 441.55 on BSE after net profit rose 1-.79% to Rs 430.21 crore on 13% growth in total income to Rs 3,013.57 crore in Q4 March, 2014 over Q4 March, 2013.

Indian stock market and companies daily report (April 25, 2014, Friday)

April 25, 2014, Friday
The Indian Markets are expected to open negative today tracking negative opening on SGX Nifty while most of the Asian markets are trading mixed. US stocks ended on a mixed note on Thursday as traders weighed upbeat earnings news against concerns about the situation in Ukraine. While Nasdaq closed firmly led by Apple, which posted better-than-expected earnings, Dow Jones ended mostly flat. On the economic front, Commerce Department report on durable goods orders for March showed a better-than-expected increase of 2.6% as against economistsRs. expectations of 2%.

US stock market daily report (April 24, 2014, Thursday)

April 24, 2014, Thursday
Former cigarette smokers who switched to electronic cigarettes to kick the habit, are facing the fact that the U.S. Food and Drug Administration is working on stiffer regulations for electronic cigarettes. It is a proven fact that cigarette smoking can kill, yet millions of Americans continue to smoke. The U.S. government has no ban on smoking - even with proof that they kill - other than you must be at least 18+ to purchase cigarettes. There is no proof as of yet that electronic cigarettes cause physical harm, when used properly. In 2008, electronic cigarette sales were approximately 50,000. As of 2012, electronic cigarette sales surged to nearly 3.5 million.

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

April 24, 2014, Thursday
Risk was on in the premarket as European markets rose to their highest levels since early March and the S&P500 futures inched back toward the recent intraday highs seen on Tuesday around 1885, helped along by the very good durable goods data. Alarming rumors about Ukraine knocked down equities just after the open of cash trading, although US indices are back in positive territory as of writing. The DJIA is up 0.11%, the S&P500 is up 0.08% and the Nasdaq is up 0.60%.

US stock market daily report (April 23, 2014, Wednesday)

April 24, 2014, Thursday
Bill Ackman knew that Valeant Pharmaceuticals International, Inc. (VRX-NYSE) would be making an unsolicited bid for Allergan Inc. (AGN-NYSE). Ackman, a very wealthy man and a normally wise investor knew about the bid because, he and his $15 billion Pershing Square Capital Management were partners with Valeant in the bid. Trading on material, non-public information, Ackman will rake in nearly a billion dollars from the deal. Ackman clearly benefits from knowing about the Allergan deal before it happened and being a part of it. He also has promised to roll his Allergan stake into Valeant.

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

April 23, 2014, Wednesday
The S&P500 is in the red this morning after six consecutive sessions of gains off the mid April low. Weak US trading volumes continue this morning as indices remain under pressure. As of writing, the DJIA is down 0.57%, the S&P500 is down 0.05% and the Nasdaq is down 0.45%. New home sales tumbled to eight-month low in March, dropping 14.5% y/y. However the January and February totals were revised up 3% and 2%, respectively. Affordability is likely becoming a big factor for the market: the median new home price rose to a record high of $290K, up 13% y/y.

Indian stock market daily morning report (April 23, 2014, Wednesday)

April 23, 2014, Wednesday
Markets closed flat with negative bias as investors turned cautious ahead of the expiry of April derivative contracts on Wednesday. This decline was following a near 500 point rally over the last two trading sessions. After both the Sensex and Nifty hit their respective record all time highs for second consecutive session, benchmark indices edged lower in late trades amid profit booking emerged in select blue chips.

Indian stock market and companies daily report (April 23, 2014, Wednesday)

April 23, 2014, Wednesday
The Indian Markets are expected to open flat today tracking slightly negative opening on SGX Nifty while most of the Asian markets are trading mixed. US markets ended on a positive note on Tuesday reflecting positive sentiments following a series of announcements on the merger and acquisitions worth US$66bn in the US pharmaceuticals space. On the economic front, the National Association of Realtors released a report showing a marginal 0.2% drop in existing home sales in the month of March to a seasonally adjusted annual rate of 4.59mn units.

US stock market daily report (April 22, 2014, Tuesday)

April 22, 2014, Tuesday
In forex, stocks and futures trading, one of the most powerful and important tools is the candlestick chart. Expertise in candlestick chart patterns can help you greatly in making the most appropriate decisions while trading. Candle stick chart patterns help traders make a more accurate prediction of future movement for currency, stocks or futures prices, which is a very important key to success in trading. Candlestick charts represent the price pattern and market conditions in a visual manner. Intense studying of candlestick chart patterns is vital to interpret potential movement and to make wise trading decisions. Bear in mind that foreign exchange market or currency trading, stocks or futures trading is a very risky business.

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

April 22, 2014, Tuesday
European equities opened after the four-day Easter holiday and saw solid gains, driving a positive tone coming into the US session. US trading volumes remain somewhat subdued this morning. As of writing, the DJIA is up 0.52%, the S&P500 is up 0.47% and the Nasdaq is up 0.88%. Canadian pharma giant Valeant is teaming up with activist investor Bill Ackman's Pershing Square Capital Management in a $46-billion hostile bid for eye and skin care company Allergan.

Indian stock market daily morning report (April 22, 2014, Tuesday)

April 22, 2014, Tuesday
Benchmark share indices ended at fresh all-time closing highs on Monday, amid aggressive buying in late trades, with capital goods and bank shares leading the gains. The 30-share Sensex gained 136 points to end at 22,765 and the 50-share Nifty ended up 3- points at 6,-1-. CRISIL rose 2.49%, in the morning trade, to Rs 1,26- on BSE, with the stock extending Thursday's 1.9-% gains triggered by the company reporting strong Q1 earnings.

Indian stock market and companies daily report (April 22, 2014, Tuesday)

April 22, 2014, Tuesday
The Indian Markets are expected to open flat today with tracking slightly negative opening on SGX Nifty while most of the Asian markets are trading mixed. US stocks moved mostly higher over the course of session on Monday extending the strong upward move that was seen last week. The strength that emerged on the Wall Street reflected positive reaction to the latest earnings news which generated some buying interest, as the quarterly results have thus far been better than most had feared.

US stock market daily report (April 21, 2014, Monday)

April 21, 2014, Monday
Sarepta Therapeutics, Inc. (SRPT-Nasdaq) shares soared higher on Monday after announcing plans to submit a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) before the end of 2014, for the approval of eteplirsen for the treatment of Duchenne muscular dystrophy (DMD). Sarepta, developer of innovative RNA-based therapeutics, shares ended the trading session higher by over 39%. Eteplirsen is the lead exon-skipping drug candidate in development by Sarepta and is for the treatment of patients with DMD who have a genotype amenable to skipping of exon 51.

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

April 21, 2014, Monday
US equity trading volumes are way below average this morning thanks to the Easter holiday weekend. As of writing, the DJIA is up 0.09%, S&P500 is flat and the Nasdaq is down 0.08%. In FX trading, the major pairs were largely contained within their narrow holiday ranges. EUR/USD is holding above 1.38, while USD/JPY rose to two-week high above ₯102.60 during the Asian session after Japan reported a wider-than-expected trade deficit.

Indian stock market daily morning report (April 21, 2014, Monday)

April 21, 2014, Monday
On Thursday, Indian markets rose about 1.5 per cent, snapping three days of losses, after the US Federal Reserve said it remained committed to supporting an economic recovery. The US central bank's comments, coupled with hopes of a rating upgrade, infused optimism and ended a three-day selling spree by foreign institutional investors (FIIs). The benchmark Sensex gained 351.6 points, or 1.5- per cent, at 22,628.84; all but one of its components gained. The 50-share Nifty, meanwhile, closed at 6,779.40, up 104.10, or 1.56 per cent, the most since March 7.

Indian stock market and companies daily report (April 21, 2014, Monday)

April 21, 2014, Monday
The Indian Markets are expected to open flat today with a positive bias tracking SGX Nifty which is trading higher by 0.2%. Most of the Asian markets are trading in the positive territory. US stocks ended the session on mixed note after showing lack of direction on Thursday as traders seemed reluctant to make any significant move ahead of the long weekend. A mixed reaction to the latest batch of earnings news also contributed to the lackluster performance by the broader markets.

US stock market daily report (April 17, 2014, Thursday)

April 17, 2014, Thursday
Intel Corporation (INTC-Nasdaq) emerging area they are delving aggressively into, Internet of Things (IoT) Solutions Group, which would allow nearly every device or appliance to be connected to the Internet, is slow to bloom. Chief Executive Brian Krzanich keyed in on Internet of Things for potential growth, at the Consumer Electronics Show earlier in 2014. Internet of Things is the new reality driven by the convergence of increasingly connected devices, cloud economics for computing and data, and the acceleration of big data analytics. Intel is focused on accelerating the development and deployment of intelligent devices, as it markets IoT which creates systems of systems by connecting legacy devices to the cloud and enabling end-to-end analytics to transform business. In summary, IoT will enable Internet-enabled devices to network and communicate with each other and the cloud.

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

April 17, 2014, Thursday
US trading volumes are elevated this morning on options expiration, although all and all things are pretty calm following the drama seen earlier this week. Ukraine continues to be worrisome, and diplomats from Russia, the US, Ukraine and the EU are said to be close to some sort of "solution" in Vienna talks. As of writing, the DJIA is down 0.07%, the S&P500 is up 0.11% and the Nasdaq is up 0.22%.

Indian stock market daily morning report (April 17, 2014, Thursday)

April 17, 2014, Thursday
The markets lost their way in the post-noon session due to caution surrounding FII outflows and higher-than-expected inflation data released on Tuesday. Muted Q4 growth expectations from TCS, further dampened sentiments. The Sensex ended at 22,277, weaker by 207 points and the Nifty ended at 6675, down 5- points. There was also pain in the hitherto-outperforming broader markets, with the midcap index ending at 7232, down 79 points and the smallcap index shutting shop at 7418, down 83 points.

Indian stock market and companies daily report (April 17, 2014, Thursday)

April 17, 2014, Thursday
The Indian Markets are expected to open flat today with a positive bias tracking SGX Nifty which is trading higher by 0.2%. Most of the Asian markets are trading in the positive territory. US markets rose higher on Wednesday reacting positively to the latest earnings news as well as remarks by Federal Reserve (Fed) Chairman Janet Yellen that the central bank will keep benchmark interest rates at exceptionally low levels for a considerable time. Yellen acknowledged that economic growth slowed over the winter but suggested that a significant part of the weakness was due to unusually cold winter.

US stock market daily report (April 16, 2014, Wednesday)

April 16, 2014, Wednesday
The 2014 New York International Auto Show kicks off at the Jacob Javits Center on Manhattan’s West Side on April 16 and runs through April 17. This years exhibition will include concept cars, remakes, supercars and of course, World Car Award winners. The Big Apple will be host to over thirty vehicles debuted at the New York Auto Show. A few of the honorable mentions are highlighted. Ford is celebrating the Mustang's 50th anniversary by perching a 2015 Ford Mustang atop the Empire State Building, on the 86th floor on the observation deck - just as Ford did, 50 years ago. Because the building is too narrow, a helicopter is not an option and super cranes can only go up 50 stories, the elevator will be used to transport the Mustang. Problem is, elevators in the building were built in 1931, a modern car won't fit.

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

April 16, 2014, Wednesday
Asia, Europe and US equity markets made gains after China managed to meet y/y Q1 GDP growth expectations. The positive tone has been supported in the US session by some decent industrial production data, while the Nasdaq has bene propped up by Yahoo's earnings gains. As of writing, the DJIA is up 0.59%, the S&P500 is up 0.35% and the Nasdaq is up 0.50%.

Indian stock market daily morning report (April 16, 2014, Wednesday)

April 16, 2014, Wednesday
Markets ended lower on Tuesday, weighed down by financial shares, as the spike in whole-sale-price inflation to 3-month highs in March could lead to a delay in policy rate cuts by the central bank in the near to medium term. The wholesale price index-based inflation rose to a three-month high of 5.70% in March from a nine-month low of 4.68% in February. Further, market sentiment were dampened after foreign investors turned net sellers on Friday.

Indian stock market and companies daily report (April 16, 2014, Wednesday)

April 16, 2014, Wednesday
The Indian Markets are expected to open flat today tracking SGX Nifty which is trading flat in the early trade. Most of the Asian markets are trading in the positive territory. US markets closed higher on Tuesday reacting to mixed batch of data on the economic and corporate earnings front. The markets reacted positively to earnings of companies like Coca Cola and Johnson and Johnson. However, some negative sentiment was generated by disappointing economic data, including a report from the National Association of Home Builders showing that homebuilder confidence has improved by less than expected in April.

US stock market daily report (April 15, 2014, Tuesday)

April 15, 2014, Tuesday
The "Revenue Act" was signed on April 15, 1861 by President Abraham Lincoln, imposing the first federal income tax of 3% on annual income exceeding $800. The move was an effort to fund the Civil War which received the stamp of approval from Congress. Language of the Act was broadly written to define income as a gain "derived from any kind of property, from any professional trade, employment or vocation carried on in the United States or elsewhere or from any source whatever." Per the U.S. Treasury Department in 2003, the $800 income from 1861 compared to approximately $16,000 minimum taxable income after adjustments for inflation.

US stock market, economy and companies update (April 15, 2014)

April 15, 2014, Tuesday
European markets have fallen sharply from their highs of the session to their lows since the open of US cash trading, while the S&P500 peaked early and is also back around unchanged. Nervousness about Ukraine is being cited for the volatile trading. As of writing, the DJIA is down 0.09%, the S&P500 is up 0.05% and the Nasdaq is down 0.72%.

Indian stock market daily morning report (April 15, 2014, Tuesday)

April 15, 2014, Tuesday
Benchmark share indices ended lower, amid weak global cues, as traders booked profits ahead of the truncated week and February IIP data due for release later. Meanwhile, markets came off their day's lows in late trades following a rebound in IT shares ahead of fourth quarter earnings from Infosys early next week. The 30-share Sensex ended down -6 points at 22,629 and the 50-share Nifty closed 20 points lower at 6,776.

Indian stock market and companies daily report (April 15, 2014, Tuesday)

April 15, 2014, Tuesday
The Indian Markets are expected to open higher today tracking a positive opening in SGX Nifty which is trading higher by 0.4%. Most of the Asian markets too are trading in the green. US markets which fluctuated during the later part of the trade closed notably higher on Monday. The market gained strength due to the release of a report from the Commerce Department showing that retail sales rose by more than expected in the month of March. The report showed that retail sales jumped by 1.1% in March after increasing by an upwardly revised 0.7% in February.

US stock market daily report (April 14, 2014, Monday)

April 14, 2014, Monday
Google Inc. (GOOG-Nasdaq), in attempts to ramp up wireless Internet access to remote areas of the world, announced the purchase Monday of a startup maker of high-altitude solar-powered drones Titan Aerospace. In an email statement from the search engine giant, Google said, "Atmospheric satellites could help bring internet access to millions of people, and help solve other problems, including disaster relief and environmental damage like deforestation." Google spokesman said in a statement, "It is still early days, but atmospheric satellites could help bring Internet access to millions of people, and help solve other problems, including disaster relief and environmental damage like deforestation."

US stock market, economy and companies update (April 14, 2014)

April 14, 2014, Monday
European equities sank lower ahead of the US session as things heated up in Eastern Ukraine, however they are back to unchanged as of writing. US stocks have moved higher in the wake of decent Citigroup numbers and very good retail sales data, although volume is low and the VIX remains elevated. As of writing, the DJIA is up 0.80%, the S&P500 is up 0.70% and the Nasdaq is up 1.19%.

US stock market daily report (April 11, 2014, Friday)

April 14, 2014, Monday
Investors may not be getting the best prices for their trades because of "dark pools', per the U.S. Securities and Exchange Commission. Due to the amount of trading done via dark pools, publicly quoted prices for stocks on exchanges may no longer properly reflect where the market is. Proposed reform from U.S. securities regulators involved in policy making includes testing that could drive business to major stock exchanges and away from alternative trading venues such as "dark pools". The proposed reform could limit how much trading occurs inside brokerages as well as in "dark pools". Concerns are heightened by some regulators and academics about the increasing level of trading that occurs outside of exchanges.

US stock market, economy and companies update (April 11, 2014)

April 11, 2014, Friday
US equities zigzagged through the first hour and a half of cash trading in negative territory. The benchmark 10-year yield dropped briefly below 2.620% before easing a bit, while the dollar has checked its declines. The VIX is back around 16. As of writing, the DJIA and S&P500 are down 0.25% a piece, while the Nasdaq is flat on the day. Both the euro and the yen have strengthened all week long despite the weakness in equities, spurring comments from analysts that the risk off/strong dollar correlation seems to be breaking down.

Indian stock market daily morning report (April 11, 2014, Friday)

April 11, 2014, Friday
Key indices shed early gains in the last half hour of trade to close flat, a day after touching their all-time closing high levels. The 30-share BSE Sensex closed 56 points lower at 22,715, while the 50-stock NSE Nifty closed flat at 6,796 levels. MAN Industries (India) galloped 14.6-%, in the opening trade, to Rs 74.60 on BSE after the company said that it has built up order book, which includes the recently received orders from domestic and international customers.

Indian stock market and companies daily report (April 11, 2014, Friday)

April 11, 2014, Friday
Indian markets are expected to open in red tracking negative opening trades in SGX Nifty and most of the Asian markets. After moving notably higher over the two previous sessions, stocks showed a substantial move back to the downside during trading on Thursday. Technology stocks helped to lead the sell-off, contributing to a particularly sharp drop by the tech-heavy Nasdaq. The sell-off on Wall Street was partly due to profit taking following the rally seen late in the previous session, which reflected easing concerns about the outlook for interest rates.

US stock market daily report (April 10, 2014, Thursday)

April 10, 2014, Thursday
General Motors Company (GM-NYSE) announced on Thursday that two engineers have been put on paid leave as an interim step toward getting to the bottom of the slow fix of the ignition switch problem linked to at least 13 deaths. The investigation by U.S. lawmakers are zoning in on engineers as well as others involved including knowledge of senior executives, in the slow recall of nearly 2.6 million cars. Investigation by Congress include emails from John Hendler, an involved engineer and Lori Queen, a GM executive responsible for small car development, discussing costs of redesigning the switch. Other documents from GM under review by the House committee include the change of the switch in 2006.

US stock market, economy and companies update (April 10, 2014)

April 10, 2014, Thursday
There was choppy equity market trading through the overnight hours in Europe and in the US premarket. However stocks are sliding lower after an hour and a half of cash trading as the benchmark yield creeps lower and the dollar weakens. Brutal selloffs among the big and small tech momentum names are hammering the Nasdaq. As of writing, the DJIA is down 0.38%, the S&P500 is down 0.41% and the Nasdaq is down 1.48%.

Indian stock market daily morning report (April 10, 2014, Thursday)

April 10, 2014, Thursday
The key benchmark indices ended at record closing highs, bolstered by strength on the banking counters. The Sensex gained 35- points or 1.6% at 22,702 points and the 50-share Nifty hit an intra-day high of 6,80- before closing 101 points higher at 6,796. The Bank Nifty jumped by a whopping 3.45% at 12,937 points. Metal, auto, oil and gas index hits 52-week highs.

Indian stock market and companies daily report (April 10, 2014, Thursday)

April 10, 2014, Thursday
Indian markets are expected to open flat with a negative bias tracking negative opening trades in SGX Nifty and flat opening in most of the Asian markets. After moving moderately higher in morning trading on Wednesday, US stocks accelerated to the upside following the release of the minutes of the latest Federal Reserve meeting. The markets extended the upward move seen in the previous session, further offsetting the recent pullback. The Dow jumped 1.1% to 16,437, the Nasdaq gained 1.7% to 4,184 and the S&P 500 soared up 1.1% to 1,872.

US stock market daily report (April 09, 2014, Wednesday)

April 9, 2014, Wednesday
Heartbleed bug was announced yesterday as a serious security flaw in OpenSSL which may have impacted all Internet users over the past two years. The really bad news is there is no quick fix that can be easily and quickly applied to resolve the flaw. Since servers maintain a great deal of information in their active memory including usernames, passwords and even credit card numbers, hackers are able to steal encryptions keys to access previously considered secure information. By stealing encryption keys, hackers can intercept encrypted data moving to and from a site's servers and read it without establishing a secure connection.

US stock market, economy and companies update (April 09, 2014)

April 9, 2014, Wednesday
Yesterday saw the S&P500 move higher after briefly trading below its 50-day moving average around 1,840. Most global equity indices also bounced higher in Asia and European trading, although US indices have been choppy in the early going today. As of writing, the DJIA is up 0.18%, the S&P500 is up 0.30% and the Nasdaq is up 0.51%. The minutes from the March FOMC meeting are a main focal point today. Note that analysts are eager to hear more color on the FOMC statement that the pace of rate hikes after the initial tightening would likely be more gradual than in the past.