Profit takers sold early gains and sent the major US indices markedly lower for most of the session, but stocks were able to battle back in the second half and finish in mixed fashion despite a lack of positive catalysts. The Dow closed 50.34 points higher (+0.60%) to end the day at 8,469.11. The index fell significantly as it opened, but eventually managed to make up for the losses and gained significantly as the day progressed. The NASDAQ closed 15.32 points lower (-0.88%) to finish at 1,715.92.
Most Indian ADRs closed higher on Tuesday. Infosys Technologies (INFY) was the biggest gainer, up 0.80% to close at $31.85. HDFC Bank (HDB) was the biggest loser, down 0.21%, closing at $78.80.
Profit booking took centre stage at the European markets, with banking stocks, which had been top performers till recently, coming cropper. The UK’s FTSE closed 9.96 points down (-0.22%), ending at 4,426. Germany’s DAX closed 12.80 points lower (-0.26%), ending trading at 4,854.
As of 10:50 am IST, Asian markets were seeing significant gains. Japan’s Nikkei is currently trading 40.30 points higher, up 0.43%. The Hang Seng is currently trading 111.26 points higher, up 0.65%.
WTI Brent crude oil closed at $59.52 per barrel, up $0.67 (+1.14%). Nymex light crude June futures closed at $59.57, up $0.72 (+1.22%). June COMEX gold futures closed at $927.20 per ounce, up $3.30 (+0.36%).
As of 11:00 am IST, the Yen (¥) rose against the USD, by ¥0.03 to ¥96.40. The Euro (€) rose €0.0028 to €0.7301 against the dollar. The Pound (£) rose by £0.0021 to £0.6526 against the dollar.
The rupee gained by Rs. 0.20 on Tuesday to close at Rs 49.30/31 against the greenback.
Friday proved to be an extremely slow, but modestly higher session at the US markets. The big headline of the day came late morning when a government source said it would announce information on the bank stress tests late afternoon on Thursday, May 7 instead of Monday, May 4 as announced earlier. The Dow closed 44.29 points higher (+0.54%) to end the day at 8,212.41. The index rose marginally as it opened, and then consolidated those gains through the day. The NASDAQ closed 1.90 points higher (+0.11%) to finish at 1,719.20.
It was a mixed day for the Indian ADRs, with a lot of them closing flat on Friday. HDFC Bank (HDB) was the biggest gainer, up 0.92% to close at $74.94. Infosys Technologies (INFY) was the biggest loser, down 0.11%, closing at $30.70.
The swine flu did not have much of an impact on the European markets, with most of them remaining reasonably bouyant on Friday. The UK’s FTSE closed 0.49 points down (-0.01%), ending at 4,243. Germany’s DAX closed 64.89 points higher (+1.38%), ending trading at 4,769.
As of 9:50 am IST, Asian markets were seeing significant gains. Japan’s Nikkei is currently trading 149.11 points higher, up 1.69%. The Hang Seng is currently trading 569.40 points higher, up 3.67%.
WTI Brent crude oil closed at $53.28 per barrel, up $0.08 (+0.15%). Nymex light crude June futures closed at $53.40, up $0.20 (+0.38%). June COMEX gold futures closed at $892.30 per ounce, up $4.10 (+0.46%).
As of 9:55 am IST, the Yen (¥) fell against the USD, by ¥0.34 to ¥99.43. The Euro (€) rose €0.0035 to €0.7501 against the dollar. The Pound (£) rose by £0.0016 to £0.6688 against the dollar.
The rupee remained at the same level of gains seen on Wednesday, gaining by Rs. 0.47 to close at Rs 50.04/05 against the greenback.
The US markets on Tuesday saw bank stocks lead losses in the early going and into the close, but in between stocks were able to trade with modest gains amid signs of improved consumer confidence and strength in the Dow component, IBM. The Dow closed 8.05 points lower (-0.10%) to end the day at 8,016.95. The index fell as it opened, then managed to see some gains and eventually remained more or less steady through the day. The NASDAQ closed 5.60 points lower (-0.33%) to finish at 1,673.81.
Almost all the Indian ADRs closed in the red on Tuesday. Tata Comm. (TCL) was the sole gainer, up 0.17% to close at $22.01. HDFC Bank (HDB) was the biggest loser, down 0.91%, closing at $73.82.
Falling banking and auto stocks, along with fears of the swine flu making its way to Europe, weighed heavily on the bourses there, resulting in their closing in the red. The UK’s FTSE closed 70.61 points down (-1.69%), ending at 4,096. Germany’s DAX closed 86.65 points lower (-1.85%), ending trading at 4,607.
As of 10:45 am IST, Asian markets were having a mixed day. Japan’s Nikkei is currently trading 232.57 points lower, down 2.67%, while the Hang Seng is currently up 256.70 points (+1.76%).
WTI Brent crude oil closed at $49.70 per barrel, down $0.22 (-0.44%). Nymex light crude June futures closed at $49.70, down $0.22 (-0.44%). June COMEX gold futures closed at $894.00 per ounce, up $0.40 (+0.04%).
As of 10:50 am IST, the Yen (¥) fell against the USD, by ¥0.36 to ¥96.75. The Euro (€) rose €0.0022 to €0.7583 against the dollar. The Pound (£) rose by £0.0033 to £0.68 against the dollar.
The rupee fell on Tuesday by Rs. 0.28 to close at Rs 50.51/52 against the greenback.
The US markets saw stocks on Monday ending the trading session with sizable losses after failing to sustain a midsession rally. Broad-based weakness underscored the downturn, but health care stocks attracted support amid fear of a swine flu pandemic. The Dow closed 51.29 points lower (-0.64%) to end the day at 8,025.00. The index flip-flopped through the day, rising and falling intermittently, before eventually closing lower. The NASDAQ closed 14.88 points lower (-0.88%) to finish at 1,679.41.
Most Indian ADRs saw some gains on Monday. HDFC Bank (HDB) was by far the biggest gainer, up 4.42% to close at $73.50. MTNL (MTE) was the biggest loser, down 0.08%, closing at $2.84.
With pharma, marine (fish) and telecom stocks seeing good gains on Monday, the European bourses managed to defy the losses witnessed by their American counterparts. The UK’s FTSE closed 11.02 points up (+0.27%), ending at 4,167. Germany’s DAX closed 19.75 points higher (+0.42%), ending trading at 4,694.
As of 9:45 am IST, Asian markets were lying low. Japan’s Nikkei is currently trading 4.63 points higher, up 0.05%, while the Hang Seng is currently down 20.22 points (-0.14%).
WTI Brent crude oil closed at $49.44 per barrel, down $0.70 (-1.40%). Nymex light crude June futures closed at $49.32, down $0.82 (-1.64%). June COMEX gold futures closed at $898.40 per ounce, down $9.80 (-1.08%).
As of 9:49 am IST, the Yen (¥) rose against the USD, by ¥0.48 to ¥96.20. The Euro (€) fell €0.0017 to €0.7681 against the dollar. The Pound (£) fell by £0.0034 to £0.6856 against the dollar.
The rupee fell on Monday by Rs. 0.43 to close at Rs 50.23/24 against the greenback.
Friday marked the end of a week that was dominated by earnings reports, including 13 Dow components, and speculation regarding the government’s “stress-test” on financial institutions. . The Dow closed 119.23 points higher (+1.50%) to end the day at 8,076.29. The index rose significantly as it opened, and continued to consolidate its gains through the day. The NASDAQ closed 42.08 points higher (+2.55%) to finish at 1,694.29.
Most Indian ADRs saw some gains on Friday. HDFC Bank (HDB) was the biggest gainer, up 1.75% to close at $75.25. Tata Comm. (TCL) was the biggest loser, down 1.07%, closing at $22.00.
Banking stocks rallied significantly on Friday, on the European bourses , ensuring that they closed higher. The UK’s FTSE closed 137.76 points up (+3.43%), ending at 4,156. Germany’s DAX closed 136.11 points higher (+3.00%), ending trading at 4,674.
As of 10:57 am IST, Asian markets were in the red. Japan’s Nikkei is currently trading 36.58 points lower, down 0.42%, while the Hang Seng is currently down 416.03 points (-2.73%).
WTI Brent crude oil closed at $50.32 per barrel, down $1.23 (-2.39%). Nymex light crude June futures closed at $50.34, down $1.21 (-2.35%). June COMEX gold futures closed at $915.70 per ounce, up $1.60 (+0.18%).
As of 11:03 am IST, the Yen (¥) rose against the USD, by ¥0.41 to ¥96.72. The Euro (€) fell €0.0041 to €0.7592 against the dollar. The Pound (£) fell by £0.0027 to £0.6842 against the dollar.
The rupee rose on Friday by Rs. 0.12 to close at Rs 49.80/81 against the greenback.
On yet another occasion, sellers tried to get the better of the buyers towards the end of the day’s trading but invigorated buyers ensured that they had the final say. The Dow closed 70.49 points higher (+0.89%) to end the day at 7,957.06. The index fell significantly as it opened, but eventually closed higher as buyers had their say. The NASDAQ closed 6.09 points higher (+0.37%) to finish at 1,652.21.
Most Indian ADRs saw some gains on Thursday. HDFC Bank (HDB) was the biggest gainer, up 4.42% to close at $73.50. MTNL (MTE) was the biggest loser, down 0.08%, closing at $2.84.
Notwithstanding the news of the worst being over for the Euro zone’s economic contraction , the European markets ended in the red on Thursday. The UK’s FTSE closed 12.43 points down (-0.31%), ending at 4,018. Germany’s DAX closed 56.21 points lower (-1.22%), ending trading at 4,538.
As of 10:08 am IST, Asian markets were in the red as well. Japan’s Nikkei is currently trading 61.70 points lower, down 0.70%, while the Hang Seng is currently down 38.89 points (-0.26%).
WTI Brent crude oil closed at $49.33 per barrel, down $0.29 (-0.58%). Nymex light crude June futures closed at $49.27, down $0.34 (-0.69%). June COMEX gold futures closed at $909.00 per ounce, up $2.40 (+0.26%).
As of 10:14 am IST, the Yen (¥) rose against the USD, by ¥0.85 to ¥97.22. The Euro (€) fell €0.0004 to €0.7606 against the dollar. The Pound (£) fell by £0.0026 to £0.6825 against the dollar.
The rupee rose on Thursday by Rs. 0.46 to close at Rs 49.92/94 against the greenback.
Buyers yet again looked to take charge at the US markets on Wednesday, but eventually sellers managed to gain the upper hand by end of day’s trading. The Dow closed 82.99 points lower (-1.04%) to end the day at 7,886.57. The index rose as it opened, even managed to consolidate upon its gains later in the day, but eventually closed significantly lower as sellers ruled the roost. The NASDAQ closed 2.27 points higher (+0.14%) to finish at 1,646.12.
Most Indian ADRs saw some gains on Wednesday. HDFC Bank (HDB) was the biggest gainer, up 3.47% to close at $70.60. Sterlite Industries (SLT) was the sole loser, down 0.09%, closing at $7.60.
The European markets were buoyed by hopes that consumer spending in the retail sector might improve sooner than expected. The UK’s FTSE closed 43.20 points up (+1.08%), ending at 4,031. Germany’s DAX closed 92.79 points higher (+2.06%), ending trading at 4,594.
As of 10:02 am IST, Asian markets were having a mixed day. Japan’s Nikkei is currently trading 37.49 points lower, down 0.43%, while the Hang Seng is currently up 172.61 points (+1.16%).
WTI Brent crude oil closed at $48.55 per barrel, down $0.30 (-0.61%). Nymex light crude May futures closed at $48.48, down $0.37 (-0.76%). June COMEX gold futures closed at $893.60 per ounce, up $1.10 (+0.12%).
As of 10:06 am IST, the Yen (¥) rose against the USD, by ¥0.24 to ¥97.76. The Euro (€) fell €0.0002 to €0.7691 against the dollar. The Pound (£) fell by £0.0007 to £0.6909 against the dollar.
The rupee rose on Wednesday by Rs. 0.18 to close at Rs 50.35/38 against the greenback.
Buyers took charge at the US markets on Tuesday, with the result that the bourses managed to see some healthy gains. The Dow closed 127.83 points up (+1.63%) to end the day at 7,969.56. The index rose as it opened and then continued to consolidate upon its gains, through the day. The NASDAQ closed 35.64 points higher (+2.22%) to finish at 1,643.85.
Barring Patni Computers (PTI), all Indian ADRs ended in the red on Tuesday. Patni Computers (PTI), the sole gainer, was up 0.06% to close at $6.71. HDFC Bank (HDB) was the biggest loser, down 4.23%, closing at $67.13.
The European markets were buoyed by some imminent stabilization in the overall market scenario, coupled with the gains witnessed on the other side of the Atlantic. However, the UK’s FTSE eventually closed 3.40 points down (-0.09%), ending at 3,987. Germany’s DAX closed 15.33 points higher (+0.34%), ending trading at 4,502.
As of 9:28 am IST, Asian markets were seeing some marginal losses. Japan’s Nikkei is currently trading 19.58 points lower, down 0.22%, while the Hang Seng is currently down 22.34 points (-0.15%).
WTI Brent crude oil closed at $48.82 per barrel, up $0.27 (+0.56%). Nymex light crude May futures closed at $46.51, up $0.63 (+1.37%). June COMEX gold futures closed at $885 per ounce, up $2.30 (+0.26%).
As of 9:36 am IST, the Yen (¥) rose against the USD, by ¥0.50 to ¥98.20. The Euro (€) fell €0.0015 to €0.7735 against the dollar. The Pound (£) fell by £0.0024 to £0.6834 against the dollar.
The rupee fell on Monday by Rs. 0.27 to close at Rs 50.57 against the greenback.
Despite a slow start, stocks climbed in afternoon trading and finished with healthy gains at the US markets. The Dow closed 95.81 points up (+1.19%) to end the day at 8,125.43. The index rose as it opened, and then surged towards the end of day’s trading. The NASDAQ closed 43.64 points higher (+2.68%) to finish at 1,670.44.
It was a mixed day for the Indian ADRs, with the split between the gainers and the losers being more or less 50-50. ICICI Bank (IBN) was the biggest gainer, up 1.03% closing at $17.98. Infosys Technologies (INFY) was the biggest loser, down 1.95%, closing at $26.81.
Healthy bank and mining stocks, along with better-than-expected results from Nokia, ensured reasonable gains at the European markets. The UK’s FTSE closed 84.58 points up (+2.13%), ending at 4,053. Germany’s DAX closed 59.67 points higher (+1.31%), ending trading at 4,609.
As of 8:07 am IST, Asian markets were seeing some solid gains. Japan’s Nikkei is currently trading 194.29 points higher, up 2.22%, while the Hang Seng is currently up 272.61 points (+1.75%).
WTI Brent crude oil closed at $49.82 per barrel, down $0.16 (-0.32%). Nymex light crude May futures closed at $49.82, down $0.16 (-0.32%). June COMEX gold futures fell $4.30 (-0.49%) to close at $875.50 per ounce.
As of 9:49 am IST, the Yen (¥) fell against the USD, by ¥0.24 to ¥99.51. The Euro (€) fell €0.002 to €0.7604 against the dollar. The Pound (£) fell £0.0014 to £0.6709 against the dollar.
The rupee fell slightly on Thursday, to close at Rs 49.77/78 against the greenback.
A late surge of buying interest, accompanied by a spike in trading volume, ensured that all the three major indices at the US markets finished at their session highs. The Dow closed 109.44 points up (+1.38%) to end the day at 8,029.62. The index fell as it opened, but rose later in the day, and then surged towards the end of day’s trading. The NASDAQ closed a very marginal 1.08 points higher (+0.07%) to finish at 1,626.80.
Most of the Indian ADRs ended in the red on Wednesday. Tata Comm. (TCL) was the biggest gainer, up 0.78% closing at $23.75. HDFC Bank (HDB) was the biggest loser, down 1.40%, closing at $69.24.
Profit-taking by short-term investors, along with UBS saying it would report first-quarter losses of CHF 2 billion, shattered hopes of a financials-led rally continuing at the European markets. The UK’s FTSE closed 20.59 points down (-0.52%), ending at 3,968. Germany’s DAX closed 7.22 points lower (-0.16%), ending trading at 4,550.
As of 9:45 am IST, Asian markets were seeing some marginal gains. Japan’s Nikkei is currently trading 102.38 points higher, up 1.17%, while the Hang Seng is currently up 75.16 points (+0.48%).
WTI Brent crude oil closed at $49.80 per barrel, up $0.55 (+1.12%). Nymex light crude May futures closed at $49.81, up $0.56 (+1.14%). June COMEX gold futures fell $3.80 (-0.43%) to close at $889.70 per ounce.
As of 9:49 am IST, the Yen (¥) rose against the USD, by ¥0.25 to ¥99.13. The Euro (€) fell €0.0001 to €0.7559 against the dollar. The Pound (£) rose £0.0012 to £0.6652 against the dollar.
The rupee closed higher on Wednesday at Rs 49.69/70 against the greenback.
Profit takers sold early gains and sent the major US indices markedly lower for most of the session, but stocks were able to battle back in the second half and finish in mixed fashion despite a lack of positive catalysts. The Dow closed 50.34 points higher (+0.60%) to end the day at 8,469.11. The index fell significantly as it opened, but eventually managed to make up for the losses and gained significantly as the day progressed. The NASDAQ closed 15.32 points lower (-0.88%) to finish at 1,715.92.
The US markets on Tuesday saw bank stocks lead losses in the early going and into the close, but in between stocks were able to trade with modest gains amid signs of improved consumer confidence and strength in the Dow component, IBM. The Dow closed 8.05 points lower (-0.10%) to end the day at 8,016.95. The index fell as it opened, then managed to see some gains and eventually remained more or less steady through the day. The NASDAQ closed 5.60 points lower (-0.33%) to finish at 1,673.81.
On yet another occasion, sellers tried to get the better of the buyers towards the end of the day’s trading but invigorated buyers ensured that they had the final say. The Dow closed 70.49 points higher (+0.89%) to end the day at 7,957.06. The index fell significantly as it opened, but eventually closed higher as buyers had their say. The NASDAQ closed 6.09 points higher (+0.37%) to finish at 1,652.21.
