LIVE MARKET TRACKER :   BSE SENSEX   28292.98      |    NSE NIFTY 8449.55    
GLOBAL MARKETS :  NASDAQ 4758.252   +0.07%    |    FSI London 6731.14   +0.02%    |    NIKKEI Japan 17388.961   -0.11%
  USD GBP EUR CAD AUD INR
USD - 0.6366 0.8016 1.1262 1.1705 61.87
GBP 1.571 - 1.2594 1.7693 1.8389 97.199
EUR 1.2476 0.7942 - 1.405 1.4604 77.189
CAD 0.888 0.5653 0.7119 - 1.0395 54.9418
AUD 0.8544 0.5439 0.685 0.9623 - 52.8642
INR 0.0162 0.0103 0.013 0.0182 0.0189 -
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
RBI Governor emphasizes on better banking practices
(26-Nov-2014)

RBI Governor emphasizes on better banking practicesAmid the rising clamour from industry for rate cuts and signs of slow economic growth in September quarter that may compel Finance Ministry Arun Jaitley too, to argue Reserve Bank of India (RBI) Governor......click on news to read complete article.

GMR Infrastructure , FTIL and SAIL to see some action today
(26-Nov-2014)

GMR Infrastructure , FTIL and SAIL to see some action todayGMR Infrastructure (GIL) has emerged as lowest bidder in international competitive bidding for two packages of Eastern Dedicated Freight Corridor project involving construction of 417 km long double track......click on news to read complete article.

Telecom, IT and broadcast soon to see a new super-regulator
(25-Nov-2014)

Telecom, IT and broadcast soon to see a new super-regulatorA new super-regulator governing telecom, information technology and broadcast is on the anvil, as the Centre has finalised the broad outline for appointing a new super-regulator governing these sectors.......click on news to read complete article.

International Stock News
US markets end mostly in red on mixed economic data
(26-Nov-2014)

US markets end mostly in red on mixed economic dataThe US markets ended mostly in red on Tuesday on getting a mixed set of economic data, while the US third quarter GDP showed an unexpected growth, the consumer confidence declined in the month of November.......click on news to read complete article.

US markets move higher in a range bound trade
(25-Nov-2014)

US markets move higher in a range bound tradeThe US markets extending their gains ended modestly higher on Monday, though the trade remained tight ranged and some traders on the sidelines, lacking any major economic data. But the mood was jubilant......click on news to read complete article.

US markets closed higher as Europe, China fuel optimism
(22-Nov-2014)

US markets closed higher as Europe, China fuel optimismThe US markets closed higher on Thursday, as optimism in the global economy grew after central banks in China and Europe signaled additional stimulus measures. The initial strength on Wall Street came......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.