LIVE MARKET TRACKER :   BSE SENSEX   27141.64      |    NSE NIFTY 8125.45    
GLOBAL MARKETS :  NASDAQ 4527.689   -1.14%    |    FSI London 6773.63   -0.67%    |    NIKKEI Japan 16205.9   -0.71%
  USD GBP EUR CAD AUD INR
USD - 0.6109 0.7783 1.1028 1.1228 60.875
GBP 1.6372 - 1.2742 1.8055 1.8383 99.6639
EUR 1.285 0.785 - 1.4171 1.4429 78.2268
CAD 0.9072 0.5542 0.7061 - 1.0186 55.2254
AUD 0.8911 0.5444 0.6935 0.9827 - 54.2457
INR 0.0164 0.01 0.0128 0.0181 0.0184 -
Indian-Commodity  :  International & World Stock  :  US markets jump on back of strong economic data

US markets jump on back of strong economic data (02-Feb-2013)

The US markets jumped on Friday, extending gains for the fifth week that lifted the Dow Jones Industrial Average above 14,000 for the first time in five years after reports on jobs and manufacturing brightened Wall Street's view of the economic recovery. Federal Reserve Bank of St. Louis President James Bullard stated that he will urge reducing the pace of central bank asset purchases by the middle of the year if US growth picks up as he expects. Bullard backed the Federal Open Market Committee decision this week to continue purchasing securities at the rate of $85 billion a month, the third round of a policy known as quantitative easing or QE, after growth stalled last quarter. The US created a modest 157,000 jobs in January and the unemployment rate ticked up, but the economy added one-third of a million more positions in 2012 than previously thought, with a large chunk coming in the final months of the year. The latest employment figures show hiring was stronger in both 2012 and 2011 than initially believed, based on tax returns not initially available to the government. And job growth was sharply higher in the fourth quarter, according to Labor Department data released.

Besides, the nation's manufacturing firms increased activity in January at the fastest pace since April, according to a closely followed survey of top executives released. The Institute for Supply Management index rose to 53.1% from 50.2% in December, and above the 51.0% expected. Readings over 50% in the ISM diffusion index indicate that more firms are growing than contracting. The ISM tracks the breadth of growth across firms, asking purchasing managers if business is better this month than last. Also, a gauge of consumer sentiment rose in January more than Wall Street had expected, but overall levels remained relatively low with respondents concerned over higher payroll taxes, according to data released. The University of Michigan-Thomson Reuters sentiment gauge rose to a final January reading of 73.8, up from 72.9 in December.

The Dow Jones Industrial Average gained 149.21 points or 1.08 percent to 14,009.80, the Nasdaq added 36.97 points or 1.18 percent to 3,179.10 and the S&P 500 was up by 15.06 points or 1.01 percent to 1,513.17.

Indian ADRs closed mostly in green on Friday, ICICI Bank was up 1.96%, Dr. Reddy's Lab was up 0.63%, HDFC Bank was up by 0.50% and Tata Motors was up 0.23%. On the other hand, Tata Communications was down 0.08%.


Top News Today
Four-member panel submits report on new gas pricing formula
(18-Sep-2014)

Four-member panel submits report on new gas pricing formulaA four-member panel of secretaries appointed by the government has submitted the much awaited report on a new gas pricing mechanism, which prescribes lower rate than the price approved by the previous......click on news to read complete article.

RIL, Sun Pharma and Apollo Tyres to see some action today
(18-Sep-2014)

RIL, Sun Pharma and Apollo Tyres to see some action todayIn a bid to grab the opportunity created by diesel reaching market-parity price, Reliance Industries (RIL) has set the ball rolling on reopening its fuel retail outlets, after a gap of six years, and the......click on news to read complete article.

Biocon, Lanco Infratech and Tata Steel to see some action today
(10-Sep-2014)

Biocon, Lanco Infratech and Tata Steel to see some action todayDrug maker Biocon has acquired GE Capital's entire 7.69 percent stake in its research services subsidiary Syngene International for Rs 215.38 crore. The company, which had sold the stake to GE on October......click on news to read complete article.

International Stock News
US markets closed lower; economic data concern weigh
(23-Sep-2014)

US markets closed lower; economic data concern weighThe US markets closed lower on Monday, with the S&P 500 falling by its largest margin in nearly seven weeks. A decline in economic activity in August, measured by Chicago Federal Reserve as well......click on news to read complete article.

US markets closed mostly lower; Alibaba surges in IPO debut
(20-Sep-2014)

US markets closed mostly lower; Alibaba surges in IPO debutThe US markets closed mostly lower on Friday, while Alibaba, the biggest IPO to ever hit Wall Street, made a huge splash. Dallas Federal Reserve Bank President Richard Fisher stated that the Federal Reserve......click on news to read complete article.

US markets closed up; S&P, Dow at record highs
(19-Sep-2014)

US markets closed up; S&P, Dow at record highsThe US markets closed higher on Thursday, with the S&P 500 and Dow Jones Industrial Average closing at record levels, as investors welcomed the Federal Reserve's commitment to keep low interest......click on news to read complete article.

 

     
  
Recent International & World Stock News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.