Share Market News & Ideas

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20/10/11

U.S. MARKET UPDATE

The US markets closed lower after a tepid Fed report on the economy and following news that talks to come up with a euro zone debt solution between France and Germany have stalled ahead of a key EU summit this weekend.
Dow Jones Industrial Average was down 0.63% or 72.43 points at 11504.62. Nasdaq Composite shed 2.01% or 53.29 points at 2604.04. Standard & Poor’s 500 slipped 1.26% or 15.5 points at 1209.88.

ASIAN MARKET UPDATE

Asian markets were trading lower.

China’s Shanghai Composite was down 0.97% or 23.10 points at 2,354.41.

Hong Kong’s Hang Seng shed 1.44% or 263.11 points at 18,046.11.

Japan’s Nikkei slipped 0.86% or 75.08 points at 8,697.46.

Singapore’s Straits Times was down 0.25% or 6.83 points at 2,713.38.

South Korea’s Seoul Composite was down 0.17% or 3.22 points at 1,852.70.

Taiwan’s Taiwan Weighted declined 0.58% or 42.39 points at 7,310.98.

INDIAN RUPEE UPDATE

The Indian rupee opened at 49.39 per dollar versus 49.15 yesterday.

ASIAN STOCK

Asian stocks fell on Thursday, as growing investor caution about taking risks ahead of a key European leaders’ summit at the weekend weighed on riskier assets across the board. The euro held steady.

U.S. STOCK

U.S. stocks fell on Wednesday as traders, after sitting on their hands for most of the day, jumped to sell in a hair-trigger reaction to fresh reports underscoring that Europe remains far from a solution to its debt crisis.

EUROPEAN STOCK

European stocks and the euro rallied as investors grew more optimistic that policymakers would take major steps at a summit this weekend to solve the debt crisis.

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21/10/11

U.S. MARKET UPDATE

The US markets closed mixed after a volatile session as traders sifted through a slew of headlines from the euro zone ahead of a key EU summit this weekend.
Dow Jones Industrial Average was up 0.32% or 37.16 points at 11541.78. Nasdaq Composite was down 0.21% or 5.42 points at 2598.62. Standard & Poor’s 500 was up 0.46% or 5.51 points at 1215.39.

ASIAN STOCK

Asian shares inched up while the euro clung to overnight gains on Friday, but markets largely stayed within range, as investors awaited a weekend meeting of European leaders for signs of progress in resolving the region’s debt crisis.

INDIAN RUPEE UPDATE

The Indian rupee opened at 50 per dollar versus 49.80 yesterday.

DOLLAR

The dollar fell to as low as around 0.8849 francs on trading platform EBS. After trimming some losses the dollar was down 0.8 percent at 0.8871.

U.S. STOCK

U.S. stocks ended with modest gains on Thursday, shifting back and forth on incremental developments in Europe where leaders sought to reassure investors that a solution to the debt crisis would come soon.

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22/10/11

U.S. MARKET UPDATE

The US stocks were up after the closing bell on Friday.
At the close of US trade, the Dow Jones Industrial Average rose 2.31%, the S&P 500 index gained 1.88%, while the Nasdaq 100 index climbed 1.29%.

INDIAN RUPEE UPDATE

The rupee crossed the 50 mark against the dollar yesterday.

Nifty Ends Around 5050

Yesterday was a disappointing session on Dalal Street. The Nifty lost 40 points and closed just below the 5,050 mark, at 5,049.95. The Sensex, on the other hand, lost 151 points and ended at 16,785.64.

After remaining choppy in the first half of the session, the markets took a late dive as disappointing earnings from the likes of Larsen and Toubro (L&T), JSW Steel and Idea dampened the sentiments.

DOLLAR

The U.S. dollar fell broadly on euro zone debt hopes and talk the Federal Reserve may take new measures to boost growth. The dollar last traded down 0.9 percent to 76.265

EUROPEAN STOCK

European stocks ended a roller-coaster week higher, and U.S. equity markets were aided by strong earnings reports from some corporate icons

GLOBAL STOCK

Global equities and the euro rallied on Friday as investors bet that European leaders in crucial meetings over the next few days will move forward in resolving the euro zone’s two-year-old debt crisis.

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24/10/11

U.S MARKET UPDATE

US stocks rose in a broad rally to their highest levels since early August after a volatile week.
The Dow Jones industrial average was up 267.01 points, or 2.31%, at 11,808.79. The Standard & Poor’s 500 Index was up 22.86 points, or 1.88%, at 1,238.25. The Nasdaq Composite Index was up 38.84 points, or 1.49%, at 2,637.46.

ASIAN MARKET UPDATE

Asian markets were trading higher. China’s Shanghai Composite rose 0.57% or 13.13 points at 2,330.40.

Hong Kong’s Hang Seng gained 3.13% or 563.82 points at 18,589.54.

Japan’s Nikkei added 1.38% or 119.92 points at 8,798.81.

Singapore’s Straits Times advanced 1.57% or 42.53 points at 2,754.94.

South Korea’s Seoul Composite gained 2.47% or 45.41 points at 1,883.79.

Taiwan’s Taiwan Weighted was up 2.55% or points at 7,439.78.

INDIAN RUPEE UPDATE

The Indian rupee opened at 49.87 per dollar versus 50.02 on Friday.

DOLLAR

The dollar, which broke below a tight range to reach an all-time low of 75.78 yen on Friday, was last at 76.22 yen , compared with 76.090 late in New York on Friday.

SHANGHAI COPPER

Base metals rose across the board, with Shanghai copperSCFc3 rising 4.5 percent to a high of 53,980 yuan ($8,455.51).

LME COPPER

Three-month copper on the London Metal Exchange rose as much as 2.87 percent to a high of $7,350 a tonne, after rallying 6 percent on Friday in its largest one-day advance since early 2010.

U.S. STOCK

U.S. stocks rose in a broad rally to their highest levels since early August after a volatile week.

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25/10/11

U.S. MARKET UPDATE

The US markets came off their best levels, but still closed higher following a handful of M&A news, encouraging earnings and chatter of another possible round of quantitative easing from the Federal Reserve.
Dow Jones Industrial Average gained 0.89% or 104.83 points at 11913.62. Nasdaq Composite added 2.35% or 61.98 points at 2699.44. Standard & Poor’s 500 rose 1.29% or 15.94 points at 1254.19.

ASIAN MARKET UPDATE

Asian markets were trading firm. China’s Shanghai Composite was down 0.10% or 2.39 points at 2,367.94.

Hong Kong’s Hang Seng was up 0.68% or 126.92 points at 18,898.74.

Japan’s Nikkei was down 0.68% or 126.92 points at 18,898.74.

Singapore’s Straits Times was up 0.22% or 6.09 points at 2,767.04.

South Korea’s Seoul Composite was up 0.13% or 2.39 points at 1,900.71.

Taiwan’s Taiwan Weighted rose 0.38% or 28.70 points at 7,499.

INDIAN RUPEE UPDATE

The Indian rupee opened at 49.67 per dollar versus 49.83 yesterday.

INDIAN ADRs

Infosys was up 3.73% at $ 57.64

Wipro was up 2.08% at $ 9.83

Patni was up 1.59% at $ 13.45.

Tata Comm was up 1.6% at $ 7.62

MTNL remains unchanged at $ 1.27.

ICICI Bank was up 1.38% at $ 36

HDFC Bank was up 2.17% at $ 32.08.

Sterlite was up 0.63% at $ 9.59

Dr Reddys was up 0.92% at $ 31.71

Tata Motors was up 3.78% at $ 18.94.

DOLLAR

The dollar edged up 0.1 percent against the yen to 76.17 yen, hovering near a record low of 75.78 yen hit late last week on EBS.

U.S. STOCK

U.S. stocks rose on Monday, as a flurry of merger activity and strong earnings from Caterpillar boosted investor sentiment and kept the three-week rally intact.

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28/10/11

U.S. MARKET UPDATE

US stocks surged 3% on Thursday as an agreement by European leaders to help contain the region’s two-year debt crisis lifted a cloud hovering over markets.

The Dow Jones industrial average was up 339.51 points, or 2.86%, at 12,208.55. The Standard & Poor’s 500 Index was up 42.59 points, or 3.43%, at 1,284.59. The Nasdaq Composite Index was up 87.96 points, or 3.32%, at 2,738.63.

ASIAN MARKET UPDATE

Asian markets were trading higher. China’s Shanghai Composite rose 1.55% or 37.66 points at 2,473.27.

Hong Kong’s Hang Seng advanced 2.35% or 461.97 points at 20,150.67.

Japan’s Nikkei gained 1.38% or 122.98 points at 9,049.52.

Singapore’s Straits Times was up 1.17% or 33.23 points at 2,880.80.

South Korea’s Seoul Composite added 1.56% or 30.02 points at 1,952.06.

Taiwan’s Taiwan Weighted was up 1.77% or 133.77 points at 7,698.98.

INDIAN RUPEE UPDATE

The Indian rupee opened at 48.90 per dollar versus 49.51 on Tuesday.

DOLLAR

The dollar index fell some 1.6 percent, the biggest one-day fall since May 2009, after euro zone leaders struck a last-minute deal to contain the region’s debt crisis, giving the euro and commodity currencies a hugh lift.

U.S. STOCK

U.S. stocks surged 3 percent on Thursday as an agreement by European leaders to help contain the region’s two-year debt crisis lifted a cloud hovering over markets.

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29/10/11

U.S. MARKET UPDATE

The US markets closed mixed on Friday, amid lot of volatility as data on consumer confidence and spending failed to boost equities a day after European leaders expanded the region’s bailout plan.

The Dow Jones industrial average gained 22.56 points, or 0.18 percent, to 12,231.10. The Standard and Poor’s 500 closed higher by 0.50 points, or 0.04 percent, to 1,285.09, while the Nasdaq composite lost 1.48 points, or 0.05 percent, to 2,737.15.

DOLLAR

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.10% to 75.19.

U.S. STOCK

U.S. stocks ended mixed in quiet trading after rallying 3 percent the previous day, closing out a fourth week of gains.

SPOT GOLD

Spot silver cut gains to $34.82 an ounce from $35.05 an ounce, on course for a weekly rise of around 13 percent

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31/10/11

CH WORLD MARKET UPDATE

HANG SENG -162.95

NIKKEI 45.8

SHANGHAI -4.23

DOWJONES 22.56

NASDAQ -1.48

SGX NIFTY 5

ASIAN MARKET UPDATE

Asian markets were trading lower. China’s Shanghai Composite was down 0.12% or 2.94 points at 2,470.47.

Hong Kong’s Hang Seng shed 0.23% or 46.48 points at 19,972.76.

Japan’s Nikkei was up 0.54% or 48.68 points at 9,099.15.

Singapore’s Straits Times declined 0.69% or 20.07 points at 2,885.65.

South Korea’s Seoul Composite was flat at 1,929.37.

Taiwan’s Taiwan Weighted was flat at 7,621.11.

INDIAN RUPEE UPDATE

The Indian rupee opened at 48.77 per dollar versus 48.76 on Friday.

DOLLAR

The dollar edged to a fresh record low against the yen early in Asia on Monday as stops were triggered in very thin trade, keeping alive the threat of intervention from Japanese authorities.

U.S. STOCK

U.S. stocks closed out a fourth week of gains in quiet fashion on Friday, edging higher as the market took a breather after rallying 3 percent on Europe’s deal to stem its debt crisis.

ASIAN STOCK

Asian shares fell on Monday, taking a breather from a nearly 10 percent rally last week after Europe laid out a basic framework to tackle its debt crisis, but the euro held steady while the dollar dropped to a record low against the yen

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01/11/11

U.S. MARKET UPDATE

The US markets finish near session lows amid renewed concerns over the European debt crisis, but logged some record gains for the month. The CBOE volatility index jumped near 30.

Dow Jones Industrial Average was down 2.26% or 276.1 points at 11955.01. Nasdaq Composite fell 1.93% or 52.74 points at 2684.41. Standard & Poor’s 500 shed 2.47% or 31.79 points at 1253.3.

ASIAN MARKET UPDATE

Asian markets were trading lower. Hong Kong’s Hang Seng declined 1.96% or 389.28 points at 19,475.59.

Japan’s Nikkei was down 0.77% or 69.21 points at 8,919.18.

Singapore’s Straits Times shed 1.30% or 37.20 points at 2,818.57.

South Korea’s Seoul Composite was flat at 1,908.99.

Taiwan’s Taiwan Weighted fell 0.37% or 27.80 points at 7,559.89.

China’s Shanghai Composite was up 0.29% or 7.07 points at 2,475.32.

INDIAN ADRs

Wipro was down 3.06% at $10.46

Infosys was down 2.74% at $58.59

Patni was down 2.15% at $13.68.

Tata Communication was down 2.08% at $7.99

MTNL was up 0.75% at $1.34

ICICI Bank was down 4.42% at $37.16

HDFC Bank was down 2.34% at $31.66.

Sterlite was down 4.36% at $10.32

Dr Reddys was down 4.11% at $33.15

Tata Motors was down 6.04% at $20.05.

INDIAN RUPEE UPDATE

The Indian rupee opened at 48.83 per dollar versus 48.69 yesterday.

U.S. STOCK

Wall Street closed its best month in 20 years on a down note on Monday as the failure of trading firm MF Global Holdings Ltd and new worries about Europe’s debt crisis hammered financial shares.

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02/11/11


U.S. MARKET UPDATE

The US markets finished near lows in volatile trading as investors digested a handful of headlines from Greece. The CBOE volatility index surged more than 15% to end near 35.

Dow Jones Industrial Average was down 2.48% or 297.05 points at 11657.96. Nasdaq Composite shed 2.89% or 77.45 points at 2606.96. Standard & Poor’s 500 fell 2.79% or 35.02 points at 1218.28.

ASIAN MARKET UPDATE

Asian markets were trading weak. China’s Shanghai Composite shed 1.32% or 32.49 points at 2,437.53.

Hong Kong’s Hang Seng slipped 1.56% or 302.58 points at 19,067.38.

Japan’s Nikkei fell 1.88% or 166.12 points at 8,669.40.

Singapore’s Straits Times was down 0.89% or 24.80 points at 2,764.55.

South Korea’s Seoul Composite declined 1.53% or 29.31 points at 1,880.32.

Taiwan’s Taiwan Weighted fell 1.33% or 101.54 points at 7,520.47.

INDIAN SHARE MARKET

The Indian rupee opened at 49.40 per dollar versus 49.27 yesterday.

LME COPPER

Three-month copper on the London Metal Exchange rose 1.4 percent to $7,837.75 a tonne by 0129 GMT, after losing 3.3 percent in the previous session.

SHANGHAI COPPER

The most-active January copper contract on the Shanghai Futures Exchange SCFc3 edged down 0.1 percent to 57,660 yuan ($9,074.17) per tonne, catching up with previous losses in London, after falling 0.9 percent on Monday.