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Indian stock market daily morning report (December 19, 2014, Friday)

December 19, 2014, Friday
Benchmark indices snapped five day losing streak and ended in line with the Asian peers after the US Federal Reserve said it would take a "patient" approach on deciding when to raise interest rates. Also, the Cabinet on Wednesday approved the Constitutional Amendment Bill on the long-delayed Goods and Service Tax which aided the sentiments. The Sensex ended up 416 points at 27,127 and the Nifty advanced 130 points to close at 8,159.

Indian stock market and companies daily report (December 19, 2014, Friday)

December 19, 2014, Friday
Indian markets are expected to open on a positive note tracking the SGX Nifty and most of Asian markets. U.S. stock markets showed a substantial upward move during trading on Thursday, adding to the strong gains posted in the previous session. A positive reaction to the Federal Reserve's monetary policy announcement continued to contribute to the strength on Wall Street. European stocks raced higher Thursday, extending this week's strong thanks in part to a pledge of continued support from the U.S. economy by the Federal Reserve.

US stock market, economy and companies update (December 18, 2014)

December 18, 2014, Thursday
US stocks continue to rebound aggressively as yesterday's post FOMC buying has followed through into today. Many are looking to place the equity markets performance at the feet of the fed, but it is more likely largely attributable to stabilization in several of the undercurrents that have plagued investor appetite recently. In the end the FOMC statement cemented expectations that Fed remains on course for a mid-2015 lift off, and at the very least, not to expect any type of hawkish surprise in the first quarter.

Indian stock market daily morning report (December 18, 2014, Thursday)

December 18, 2014, Thursday
Benchmark share indices ended lower for the fifth straight day, amid volatile trading session; with the Nifty closing below the crucial support level of 8,050 on concerns that slowdown in global growth could reduce the pace of foreign inflows into emerging markets. The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030. In the banking pack, SBI, Axis Bank and ICICI Bank were up between 0.5-2% each.

Indian stock market and companies daily report (December 18, 2014, Thursday)

December 18, 2014, Thursday
Indian markets are expected to open on a positive note tracking the SGX Nifty and Asian markets. U.S. stock markets moved sharply higher over the course of the trading on Wednesday, partly offsetting the steep losses posted over the past few sessions as the Fed's monetary policy statement was seen as putting off an anticipated interest rate hike until later next year. European markets were mixed Wednesday, as markets weighed Russia's desperate attempt to backstop the falling ruble.

US stock market daily report (December 17, 2014, Wednesday)

December 17, 2014, Wednesday
One of the world's most expensive cancer drugs will go on sale Thursday, courtesy of the worlds largest biotech company, Amgen Inc. (AMGN-Nasdaq). The drug - Blincyto - is a new treatment for a deadly form of blood cancer called acute lymphoblastic leukemia (ALL), will cost about $178,000 for two courses of treatment at $89,000 per cycle. The initial approval by the U.S. Food and Drug Administration is for patients whose cancer has returned after treatment or for patients who did not respond to previous treatment, such as a stem cell transplant or chemotherapy.

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

December 17, 2014, Wednesday
US equity indices are shooting higher this morning and European markets have regained losses to close at their highs. Crude prices are up on the session and the Russians seemed to have arrested the plunge in the ruble for the moment. Now all eyes are on the Fed decision later today. As of writing, the DJIA is up 0.70%, the S&P500 is up 0.69% and the Nasdaq is up 0.70%.

Indian stock market daily morning report (December 17, 2014, Wednesday)

December 17, 2014, Wednesday
Benchmark indices ended marginally lower, amid choppy trades, with IT shares leading the decline after weak revenue forecast by TCS for the third quarter dampened sentiment while gains in select financials capped the downside. The 30-share Sensex ended 31 points lower at 27,320 and the 50-share Nifty dipped 5 points to end at 8,220. Among the 12 BSE sectoral indices, 1 index closed in positive while 11 indices closed in negative.

Indian stock market and companies daily report (December 17, 2014, Wednesday)

December 17, 2014, Wednesday
Indian markets are expected to open on a flat note tracking the SGX Nifty and most of Asian markets. U.S. stock market saw substantial volatility over the course of the trading session on Tuesday before ending the day notably lower as traders reacted to significant fluctuations by the price of crude oil. European stocks snapped back Tuesday, racing higher in the second half of the session on speculation that steep recent losses were overdone. Bargain hunters stepped in, picking up beaten down energy stocks despite another big drop in the price of crude oil.

US stock market daily report (December 16, 2014, Tuesday)

December 16, 2014, Tuesday
The Russian ruble fell at one point during the day on Tuesday, by a catastrophic 20%, striking a new historic low. The selling pressure on the ruble came on the heals of an early morning interest rate hike from Russia's Central Bank. In an attempt to prop up the troubled currency, the Central Bank announced their decision to increase the interest rate to 17% from 10.5%. The move clearly created immediate panic among Russian citizens.

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

December 16, 2014, Tuesday
Russia is in crisis this morning as the Ruble collapse whips around a wide spectrum of global asset classes. The 10-year UST yield dropped as low as 2.01% before trading to 2.08%, while the 10-year Bund remains just off record lows at 0.599%. European stocks zigzagged through the session, while the S&P500 has dug itself out of the red as smaller energy stocks bounce higher with a small move up in crude prices, propelling US indices to their highs.

Indian stock market and companies daily report (December 16, 2014, Tuesday)

December 16, 2014, Tuesday
Indian markets are expected to open on a negative note tracking the SGX Nifty and most of Asian markets. The U.S. stock market ended Monday's volatile session lower, as an unabated fall in oil prices continued to erode investor confidence. European stocks plunged in the final hours of Monday's session, extending steep recent losses as investors remained anxious about European Central Bank inaction. France has experienced deflation and the euro zone economy is threatened with triple-dip recession.

US stock market daily report (December 15, 2014, Monday)

December 16, 2014, Tuesday
Computer science is not just for geniuses. Code.org, a non-profit organization which provides online tutorials in coding, was founded by angel investor Hadi Partovi and his brother Ali in 2013. Partovi said that only 10% of schools in the United States teach computer science as many students and teachers are under the wrong impression that coding is for geniuses. Since December 2013, over 75 million people have used Code.org to study code. Partovi said, "We're getting third-graders to code. Who knows if any of these corporations will even exist when these kids graduate from college?"

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

December 15, 2014, Monday
The absence of bad news out of Europe and the brief bounce back in crude prices helped keep European indices in the black and boost US futures. But US and European stock indices have followed crude lower. As of writing, the DJIA is off 0.54%, the S&P500 is down 0.35% and the Nasdaq is down 0.86%. The December New York Fed manufacturing survey slid to its lowest since January 2013, very widely missing expectations. This is the first regional Fed factory report released for the month of December.

Indian stock market daily morning report (December 15, 2014, Monday)

December 15, 2014, Monday
Markets ended lower on Friday, amid weakness in European shares, dragged by oil shares because of declining global crude oil prices. Adding to this, investors were cautious ahead of CPI and IIP data. For the day, the Sensex ended down 251 points or 0.91% at 27,351 and the Nifty closed 69 points or 0.8% lower to end the trade at 8,224. Bharti Airtel closed 1.19% up at Rs 347.80 on BSE on media reports that the government is likely to include one slot for 3G services in the upcoming spectrum auction.

Indian stock market and companies daily report (December 15, 2014, Monday)

December 15, 2014, Monday
Indian markets are expected to open on a negative note tracking the SGX Nifty and Asian markets. In US, with another sharp drop by the price of oil weighing on the markets, stocks moved sharply lower over the course of the trading day on Friday. The losses on the day dragged the major averages down to their lowest closing levels in a month. European stocks plunged Friday with Eurozone industrial production growing at a slower pace in October largely due to a fall in energy output.

US stock market daily report (December 12, 2014, Friday)

December 12, 2014, Friday
The artificially imposed deadline to cut trade tariffs on hundreds of information technology products collapsed on Friday. The move was an attempt to update the 17 year old World Trade Organization's (WTO) Information Technology Agreement, which guarantees zero-tariff and duty-free trade on hundreds of products, adding nearly 200 additional products to the list. Failure to cut trade tariffs will potentially sink a deal estimated to be worth $1 trillion for global trade.

US stock market, economy and companies update (December 12, 2014)

December 12, 2014, Friday
US futures headed lower this morning as oil made a beachhead below $60 and pushed the energy complex broadly lower. Shale drillers and independent oil names are leading the declines on the S&P500. European stocks are looking to close at their lows after French core inflation dropped into contraction territory, raising the specter of deflation. As of writing, the DJIA is down 0.60%, the S&P500 is down 0.62% and the Nasdaq is down 0.15%.

Indian stock market daily morning report (December 12, 2014, Friday)

December 12, 2014, Friday
Markets ended lower on Thursday as investors trimmed positions in equities after declining crude oil prices added to concerns over slowdown in global growth. The Sensex ended 229 points down at 27,602 and the Nifty ended down 63 points at 8,293. Ten sugar stocks closed 2.58% to 12.79% up on BSE after CCEA approved a mechanism for procurement of ethanol by PSU OMCs to carry out the ethanol blended petrol program.

Indian stock market and companies daily report (December 12, 2014, Friday)

December 12, 2014, Friday
Indian markets are expected to open on a positive note tracking the SGX Nifty and Asian markets. US markets closed higher due to the release of a Commerce Department report showing a bigger than expected increase in November U.S. retail sales. European markets were mixed on Thursday, with German shares trimming recent losses after its index of consumer prices increased in November. Indian markets fell sharply, with oil explorers pacing the declines after Brent crude prices fell below $65 a barrel on renewed signs of slack demand for crude.

US stock market daily report (December 11, 2014, Thursday)

December 11, 2014, Thursday
Researchers are proving that 'plastic' is choking the worlds oceans and our beaches. On Wednesday, the most scientifically rigorous estimate to date was released by researchers, for the amount of plastic that litters the Earths oceans and beaches, to the tune of nearly 269,000 tons. The information was provided by data from 24 ship expeditions around the world over a six year period. Research director for 5 Gyres Institute - a firm that studies this type of pollution - located in Los Angeles, California, Marcus Eriksen said, "There's much more plastic pollution out there than recent estimates suggest."

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

December 11, 2014, Thursday
Volatility is back this week, with US equity markets see-sawing higher today after the up-and-downs of the last three sessions. This morning the decent retail sales report has sent the DJIA and the S&P500 up more than one percent a piece. WTI crude came within a whisker of a 50 handle this morning, and as of writing is around $60.86. As of writing, the DJIA is up 1.19%, the S&P500 is up 1.34% and the Nasdaq is up 1.55%.

Indian stock market daily morning report (December 11, 2014, Thursday)

December 11, 2014, Thursday
Benchmark indices ended marginally higher to snap three day losing streak, helped by a rebound in Chinese shares, led by bank shares. The 30-share Sensex gained 34 points to end at 27,831 and the 50-share Nifty surged 15 points to close at 8,356. Sugar stocks including Bajaj Hindusthan, Balrampur Chini Mills, Dhampur Sugar and Shree Renuka surged between 3-11% as reports suggest that majority of UP sugar mills start their crushing operations.

Indian stock market and companies daily report (December 11, 2014, Thursday)

December 11, 2014, Thursday
Indian markets are expected to open on a negative note tracking the SGX Nifty and Asian markets. US markets ended negative due to a steep drop in crude oil prices, after OPEC said it expects demand for crude next year to be the lowest since 2003. European stocks closed in negative territory as investors continue to be rattled by concerns about the euro zone economy and signs of weakness in China. Indian markets posted modestly gains despite mixed global cues as global growth worries lingered.

US stock market daily report (December 10, 2014, Wednesday)

December 10, 2014, Wednesday
Drivers pulling up to the gas pump in the United States and seeing gas prices steadily 'drop', are feeling no pain for the members of OPEC. The Organization of the Petroleum Exporting Countries (OPEC) released their monthly report with a 2015 forecast demand for their crude oil to drop to 28.92 million barrels per day (bpd), lower by 280,000 bpd from previous forecast and in excess of 1 million bpd lower than current production. OPEC noted that the drop in global demand for their oil is expected to fall to the lowest level seen in more than a decade and far below current output of the group.

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

December 10, 2014, Wednesday
European indices help up reasonably well ahead of the US session, however US futures were pretty soft and cash equity trading has not been kind. Crude's slide toward $60 continues apace and the UST 10-year yield is once again back around 2.2%. As of writing, the DJIA is down 0.73%, the S&P500 is off 0.75% and the Nasdaq has given u p0.37%. Crude futures are plumbing fresh five-year lows this morning as WTI creeps closer to $60.

Indian stock market daily morning report (December 10, 2014, Wednesday)

December 10, 2014, Wednesday
Benchmark indices extended losses for the third straight session as investors booked profits across the board, amid a sell-off in Chinese shares, with state-owned oil exploration major ONGC leading the decline. Further, widening current account deficit also weighed on investor sentiment. The 30-share Sensex ended down 322 points at 27,797 and the 50-share Nifty closed down 97 points at 8,341. Sun Pharmaceutical Industries closed 1.46% up at Rs 840.90 on BSE after the Competition Commission of India in its meeting held on 5 December 2014, approved the proposed merger between Sun Pharmaceutical Industries and Ranbaxy Laboratories.

Indian stock market and companies daily report (December 10, 2014, Wednesday)

December 10, 2014, Wednesday
Indian markets are expected to open on a negative note tracking the SGX Nifty and Asian markets. US markets recovered and close flat after the initial fall due to ongoing concerns about the global economic outlook amid a sell-off in the overseas markets. European markets ended negative taking cues from the Greek share slump after the government pushed up a vote on the country's new president by two months.

US stock market daily report (December 09, 2014, Tuesday)

December 9, 2014, Tuesday
A new platform that will enable companies an easier task of creating Internet connected smart products using its chips, security and software, was unveiled Tuesday by Intel Corporation (INTC-Nasdaq). Intel is also focused on making it easier to connect to data centers in order to analyze data collected from devices' sensors. Doug Davis, head of Intel's Internet of Things business, said at a launch event in San Francisco that the platform is similar to a set of building blocks based on Intel's components and software. For Q3 2014, Internet of Things Group reported $530 million in revenue, accounting for nearly 4% of Intel's total quarterly revenue.

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

December 9, 2014, Tuesday
Risk is off the table globally this morning after China rolled out new measures to deflate its debt bubble and the euro zone debt crisis saw yet another encore performance. Note that the possible political crisis in Athens has forced Greek equities down more than 13% today, their biggest slide in more than two decades. As of writing, the DJIA is down 0.96%, the S&P500 is down 0.75% and the Nasdaq is down 0.54%

Indian stock market daily morning report (December 09, 2014, Tuesday)

December 9, 2014, Tuesday
Benchmark share indices ended over 1% lower on Monday weighed down by selling pressure in Infosys after four cofounders sold part of their stake in the IT major. The 30-share Sensex ended down 339 points at 28,119 and the 50-share Nifty closed 100 points lower at 8,438. The Sensex and the Nifty touched an intra-day low of 28,097 mark and 8,432, respectively. ICICI Bank closed 1.34% down at Rs 354.65 on BSE after the bank said that the board of directors has approved a proposal for the sale of ICICI Bank's shareholding in ICICI Bank Eurasia Limited Liability Company to Sovcombank.

Indian stock market and companies daily report (December 09, 2014, Tuesday)

December 9, 2014, Tuesday
Indian markets are expected to open on a negative note tracking the SGX Nifty and Asian markets. US markets closed in negative territory, led by a sharp drop in crude price, weighing heavily on energy stocks. European markets ended lower as well, after a top official at the European Central Bank offered a gloomy assessment of the region's economy. Indian indices fell sharply dragged down by IT stocks, after four of Infosys' founders, sold 32.6 million shares through a block deal. Further, weakness in rupee also weighed on the markets.

US stock market daily report (December 08, 2014, Monday)

December 8, 2014, Monday
Pfizer Inc. (PFE-NYSE), led by a top UK expert, has established a gene therapy platform to study potential treatments using gene therapy. A deal has been struck with privately owned U.S. biotech firm Spark Therapeutics to develop a treatment for hemophilia - a hereditary genetic disorder that impairs the body's ability to control blood clotting. With over 20 years of gene therapy experiments, research has been dogged over a series of disappointments and safety concerns. Through the years of trial and error, scientists have solved some of the earlier problems with treatments are beginning to reach the clinic.

US stock market, economy and companies update (December 08, 2014)

December 8, 2014, Monday
Asia equities held up fine in Monday trading on the mixed Chinese trade numbers and the final reading of Japan's weak third quarter GDP numbers. Europe was a different story, with the weak German November industrial production reading on the latest sign of trouble in the Eurozone. Weakness in Europe gave participants reasons to sell the fresh all-time highs seen in US equity markets on Friday, however indices have bounced back to unchanged in early trading.

Indian stock market daily morning report (December 08, 2014, Monday)

December 8, 2014, Monday
Benchmark indices ended lower on Friday amid profit taking in late trades with IT shares declining the most ahead of the release of US jobs data later today. The Sensex ended down 105 points at 28,458 and the Nifty ended down 26 points to close at 8,538. Two shares out of the six defence equipment makers closed 2.73% to 10% up on BSE, while 4 others closed 1.11% to 3.76% down on profit booking triggered by Defence Minister Manohar Parrikar's recent written statement in Rajya Sabha on clearance for defence proposals.

Indian stock market and companies daily report (December 08, 2014, Monday)

December 8, 2014, Monday
Indian markets are expected to open on a flat note tracking the SGX Nifty and Asian markets. Despite some late-day volatility, US markets managed to end Friday's trading mostly higher in reaction to upbeat employment data. European markets rebounded Friday from big losses in the previous session, as a stellar U.S. jobs report and renewed hopes for additional euro zone stimulus cheered investors. Back home, Indian indices erased early gains to end lower on Friday as selling in sectors like IT, oil/gas and healthcare offset gains in FMCG and realty stocks.

US stock market daily report (December 05, 2014, Friday)

December 5, 2014, Friday
According to a study conducted by the Centre for Economic and Business Research (CEBR) and job site Indeed.com, during the first nine months of 2014, companies created nearly two million new jobs. Total employment has surpassed pre-recessionary peak. So what's the problem? The problem is, because some of these companies aren't able to fill positions available fast enough, this is costing companies nearly $160 billion a year. Data from the group indicates that 33% of job vacancies remains open for three months and longer.

US stock market, economy and companies update (December 05, 2014)

December 5, 2014, Friday
The largest gain in non-farm payrolls in three years is certainly helping this morning, but the gains are less than might be expected. Big job gains can only prod the Fed to moving sooner on rates, a feeling that is reflected in the underperformance in the belly of the curve. Note that fed fund futures are now fully pricing in a rate hike by next summer. As of writing the DJIA is up 0.24%, the S&P500 is up 0.10% and the Nasdaq has added 0.33%.

Indian stock market daily morning report (December 05, 2014, Friday)

December 5, 2014, Friday
The benchmark Sensex snapped a three-day losing streak and the Nifty ended firm after hitting a fresh record high led by index heavyweight ITC on reports that the government has deferred its earlier proposal to ban sale of loose cigarettes. The 30-share Sensex ended up 120 points at 28,563 and the 50-share Nifty closed 27 points higher at 8,564 after hitting a record high of 8,626.95. Strides Arcolab closed 5.24% up at Rs 976.65 after the company said its wholly-owned subsidiary Stelis Biopharma will commence construction of its biologics facility in Malaysia.

Indian stock market and companies daily report (December 05, 2014, Friday)

December 5, 2014, Friday
Indian markets are expected to open on a flat note tracking the SGX Nifty. US stocks fell led by energy shares on remarks ECB would reassess the need for further stimulus. European stocks declined after ECB stated it would wait for another quarter before assessing requirement for additional stimulus. Back home, Indian indices closed higher led by rally in heavyweight ITC after reports that government may put on hold its plan to ban sale of single cigarettes.