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Markets
US Indexes
Index
Last
Dow
Change
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12,143.24
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2,756.38
-9.87
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"We can politically posture all we want, and saber rattle we want, but we gotta
gotta come up with some compromise soon," said Phil Orlando, market
strategist with Federated Investors.
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It's doubtful that most investors believe the U.S. will fail to raise the debt
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remain far away from reaching an agreement before the August 2 deadline.
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR
Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: 2011 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones Indexe
proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM 2011 is proprietary to Dow Jones & Company, Inc. Chic
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After picking up in 2010, economic growth slowed in the first six months of 2011, the government
reported Friday.
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NEW YORK (CNNMoney) -- Consumers all but shut their wallets in the second
quarter, causing the U.S. economy to grow at a tepid pace.
Today's featured rates:
To make matters worse, growth in the first quarter was much slower than
initially thought, according to new government figures released Friday.
"It's quite worrisome as the economy
remains at stall speed in the second
quarter," said Sal Guatieri, senior economist with BMO Capital Markets. "If that
continues, then it would raise the risks of a double dip."
Gross domestic product, the broadest measure of the nation's economic
health, rose at an annual rate of 1.3% in the second quarter, the Commerce
Department said.
While that's an increase from the revised 0.4% growth rate in the first three
months of the year, it is hardly good news. The government originally
reported that the economy grew at a 1.9% annualized rate in the first
quarter.
The growth in the second quarter was also below the 1.8% increase expected
by economists surveyed by CNNMoney.
Dubbed a "soft patch" by economists and even Federal Reserve Chairman
Ben Bernanke, the economy's sluggishness was due to a variety of factors
that weighed on consumers and businesses.
Higher gas prices for one, hit Americans hard when they peaked at a national
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"We don't expect a recession, but if policymakers drag their feet -- which they
are doing -- it will be a little more likely," said Paul Dales, senior U.S.
Economist for Capital Economics.
Guatieri said: "If the government does not raise the debt ceiling and is forced
to cut back spending and Social Security checks, that could undermine
consumer spending even further."
-- CNN's Katy Byron contributed to this report
First Published: July 29, 2011: 8:44 AM ET
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Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: 2011 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones Indexe
proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM 2011 is proprietary to Dow Jones & Company, Inc. Chic
Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2011. All rights reserved. Mo
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MARKETS
MARKET SNA
DJIA
By Adam Samson
Published July 29, 2011 | FOXBusiness
12,143.24
-96.87
Share
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5HFRPPHQG
33
-0.79%
Mouse ove
Today's Markets
The Dow Jones Industrial Average slipped 69.9 points, or 0.79%, to 12,143, the S&P 500 fell 8.4 points, or
0.65%, to 1,292 and Nasdaq Composite dipped 9.9 points, or 0.36%, to 2,756. The FOX 50 dropped 7.7
points to 918.
RELATED TOP
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Pharmaceuticals
Reuters
Revenue Growth
Dow Jones
The House of Representatives is expected to vote on the debt bill proposed by Republican Speaker John
Boehner, which will raise the debt ceiling in two moves, on Friday night after the vote was postponed late
Thursday.
Inflation
The new plan includes a trigger that would require a balanced budget amendment to be passed the second
time the debt ceiling is raised, a move that would be highly unpopular among many Democrats. Indeed,
Harry Reid, the Senate Democratic Leader, has repeatedly said the bill will fail in the Senate, and the
Obama Administration has threatened to veto a similar plan.
LAST 5 STOC
A failure to raise the debt limit by the Aug. 2 deadline may force the U.S. to miss benefits payments for
million of Americans, fail to pay certain government contractors and potentially default on its debt. Ratings
companies have also warned that a downgrade of America's coveted 'AAA' credit rating will come if
lawmakers fail to craft a credible plan to reduce the deficit. As the negotiations tick on it is becoming less
and less likely that a major deal will be crafted, analysts have said, meaning a downgrade may be more
likely.
FOX50
FOX 50 INDEX
GS
THE GOLDMAN S.
While it is impossible to say exactly what the effects of a downgrade, or worse, default, would be, many
economists predict it will have a negative affect on the economy.
MSFT
There is not "any historical episode [that is] a close parallel to current US circumstances," analysts at
Goldman Sachs wrote in a research note to clients, adding "uncertainty about market effects is high."
GOOG
An initial reading on U.S. gross domestic product showed the economy expanded at an annualized pace of
1.3% in the second quarter, worse than the 1.8% economists expected. Additionally, first-quarter GDP was
revised significantly lower to 0.4% from the previous estimate of 1.9%. Indeed, the pace of the economic
recovery has been quite slow by historic standards.
XOM
"The current recovery is, nominally speaking, the worst of any recovery since the early 1920s," wrote Daniel
Greenhaus, chief global strategist at BTIG, in a research note. "That is truly both a historic and awful
accomplishment and yet it underscores the size and scope of the issues facing the United States."
Reuters/University of Michigan's final revision of July consumer sentiment fell to 63.7 from a preliminary
reading of 63.8 coming in just shy of economists' forecasts of 64. Consumer sentiment directly affects
several sectors, particularly retailers like Best Buy (BBY: 27.60, -0.34, -1.22%).
A report from the Institute for Supply Management on manufacturing activity in the mid-west came in below
expectations as well. The index fell to 58.8 from 61.1 the prior month, falling short of expectations of a
reading of 60.
In corporate news, Merck (MRK: 34.13, -0.80, -2.29%) and Chevron (CVX: 104.02, -1.01, -0.96%) are the
last of six Dow components to report second-quarter earnings this week.
Merck revealed profits excluding one-time items of 95 cents a share on revenue of $12.2 billion. The
pharmaceutical giant's bottom-line matched estimates, while sales beat calls of $11.8 billion.
Chevron earned $3.85 a share, well better than the $3.56 analysts estimated. The second-largset U.S. oil
company's revenue grew to $67 billion, missing estimates of $71.6 billion.
Energy markets were in the red.
Light,sweet crude fell $1.74, or 1.8%, to $95.70 a barrel. Wholesale RBOB gasoline slipped by less than a
penny to $3.11 a gallon.
Prices at the pump were stable overnight. A gallon of regular costs $3.71 on average nationwide, up from
$3.54 last month, and well higher than the $2.74 drivers paid last year.
Amid the volatility, traders once again flocked to gold, which has continually hit record highs. The precious
metal gained $15.00, or 0.93%, to $1,631 a troy ounce. Silver climbed 31 cents, or 0.78%, to $40.11 a troy
ounce.
In currencies, the euro gained 0.32% against the U.S. dollar, while the greenback fell 0.41% against a
basket of world currencies.
Corporate News
Yahoo (YHOO: 13.10, -0.40, -2.96%) reached an agreement with Alibaba Group and Softbank over
Alibaba's Alipay e-payment unit.
Vodafone (VOD: 28.10, +1.25, +4.66%) plans on paying out the $3.2 billion dividend it is expected to get
from Verizon Wireless to shareholders, sending shares soaring.
MICROSOFT COR.
GOOGLE INC.
Amgen (AMGN: 54.70, +1.27, +2.38%) posted adjusted second-quarter profits of 1.37 a share, zipping
past estimates of $1.28.
UBS (UBS: 16.48, +0.21, +1.29%) tapped Bank of America's (BAC: 9.71, -0.08, -0.82%) Mike Stewart to
be its co-head of global equities.
Foreign Markets
The English FTSE 100 fell 0.99% to 5,815, the French CAC 40 dipped 1.1% to 3,673 and the German DAX
dipped 0.44% to 7,159.
In Asia, the Japanese Nikkei 225 slipped 0.69% to 9,833 and the Chinese Hang Seng fell 0.58% to
22,440.
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Business Markets
U.S. debt confusion spooks world markets
AP
AP In this July 28, 2011 photo, traders work at the New York Stock Exchange. Global stock markets fell on Frida
vote on raising the government's debt limit and avoiding a potential default.
Concerns that American lawmakers wont agree a deal to raise the U.S. debt ceiling in the nex
reverberate around markets on Friday, with stocks down again.
If Congress doesnt raise the debt ceiling, the amount of debt the government can accumulate
could be forced to default on at least some of its obligations.
While investors have been jittery about that prospect for weeks, the inability this week of Rep
to get their own party to agree on a plan has reinforced those fears with just days to go.
Even if they do come up with a deal in time, ratings agencies could still downgrade U.S. debt
borrowing costs up and make it more difficult for Congress to reduce the amount of money t
Even if the debt ceiling deadline is met, the current proposals on the table and lack of bipart
with the deficit issues in a credible and timely fashion, suggest that the risks of a U.S. credit d
said Robin Bahr, an analyst with Credit Agricole.
A U.S. downgrade or default would harm an already fragile global economy. There were sign
recovery was losing steam- eurozone inflation unexpectedly dropped and economists are pre
figures set to be released later in the day will be poor.
Oil has been pushed down by the slow growth as well, with the main New York contract tradi
barrel lower at $96.65.
In Europe, the FTSE 100 index of leading British shares was down 0.9 per cent at 5,820 whil
per cent at 7,127. The CAC-40 in France was 1.2 per cent lower at 3,667.
Wall Street was poised for a decline in the open, Dow futures were down 0.5 per cent at 12,12
Poors 500 futures fell 0.5 per cent at 1,290.
The U.S. open though could well be impacted by the first estimate of economic growth in the
Economists are forecasting that the economy expanded at an annual rate of 1.7 per cent, dow
quarters 1.9 per cent growth, amid weak consumer spending, dismal hiring and cuts in gover
While the main focus of concern this week has been on the debt debate in the U.S., there are
weeks bailout deal for Greece hasnt been enough to assuage fears that bigger economies suc
get sucked into the vortex of Europes debt crisis.
Moodys warned on Friday that the pressures on Spain have risen since the deal as it warned
on the country in the next three months.
Though Moodys said a one-notch downgrade was the most likely outcome, investors are fret
Spain could get worsen in the coming months especially now that Prime Minister Jose Luis R
called early general elections for November.
Europes debt problems are continuing to weigh on the euro even at a time when the dollar is
U.S.s own debt issues. By early afternoon London time, the euro was 0.5 per cent lower at $1
Earlier in Asia, Japans Nikkei 225 stock average closed down 0.7 per cent at 9,833.03. Hong
lost 0.6 per cent to 22,440.25 and Chinas Shanghai Composite Index shed 0.3 per cent to 2,7
South Koreas Kospi slid 1.1 per cent to 2,133.21. Australia and Bombay also declined while S
cent.
Keywords: U.S. debt ceiling crisis
Close Window
Print Story
Weekly review: Sensex dips by 525 pts
Agencies
Posted online: 2011-07-30 15:31:58+05:30
MumbaiThe BSE benchmark Sensex plunged by 525 points to a 5-week low of 18,197.20 in the week under review on
heavy selling pressure on fears of negative impact on corporate growth due to interest rate hike by the RBI amid
maintaining hawkish stance on further monetary actions.
Global turmoil due to US debt tensions and weaker-than-expected US economic data too affected the market mood.
Traders as well as investors kept themselves away from making major purchases due to postponement of a vote in the
House of Representatives on a US debt plan.
The Reserve Bank of India in its first quarter review of the monetary policy 2011-12, on July 26, hiked the short-term
lending (repo) and borrowing rates (reverse repo) by 50 basis points to tame high inflation, making all personal and
corporate loans more expensive.
The apex bank has also revised its fiscal-end inflation projection to 7 per cent from 6 per cent earlier.
Interest rate sensitive stocks from realty, banking and auto segments bore the brunt of heavy selling.
Offloading long positions in view of the expiry of July contract too aggravated the situation.
Metal stocks also were at the receiving end, following fall in metal prices at the London Metal Exchange (LME).
The BSE benchmark Sensex resumed slightly higher at 18,753.35 and hovered in a range of 18,944.60 and 18,131.86
before ending the week at 18,197.20, showing a loss of 525.10 points, or 2.80 per cent, from its last weekend's level.
Page 1 of 4
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MARKETS
MARKET SNAPSHOT
Get Quote
By Adam Samson
Published August 02, 2011 | FOXBusiness
Print
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DJIA
Nasdaq
11,866.62
2,726.47
-265.87
-2.19%
-63.28
-2.27%
Last
Change
896.99
-21.03
S&P 500
1,254.05
-32.89
-2.56%
% Change
-2.29%
Today's Markets
Reuters
In a sign of the breadth of the selloff on Wall Street, 90% of the volume on the
New York Stock Exchange was in declining stocks. Adding to the negative
sentiment, the blue chips have ended in the red for the past eight sessions -shedding 858 points -- the longest losing streak since the financial crisis three
years ago.
A bout of disappointing economic data, including a steep downward revision to
first-quarter economic expansion and an unexpectedly sharp decline in U.S.
manufacturing, has led market participants to doubt the robustness of the
economic recovery in recent sessions.
"The U.S. economy is very close to stall speed," wrote Peter Fisher, head of
fixed income at asset-management giant BlackRock. "With the weakness of the
U.S. economy becoming increasingly apparent, consumption and investment
decisions are rising to the forefront."
Data released Tuesday showed personal spending fell for the first time in
nearly two years in June. The gauge of consumption dipped 0.2% , according
to the Commerce Department, shy of the 0.2% increase economists expected.
Meanwhile, personal income grew at a pace of 0.1% for the month, slower
than forecasts of 0.2%. On the whole, the report points to weakening
consumption, which directly factors into broader economic growth measures.
"The dismal employment market and increasing prices are pushing Americans
to save more and spend less," wrote Chris Christopher, senior principal
economist at IHS Global Insight.
The closely-watched monthly employment report for July is on tap for Friday,
and is expected to show the economy added 57,000 jobs, which would keep
the unemployment rate steady at 9.2%. The labor market has been extremely
slow to come back during the economic recovery.
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LAST 5 STOCKS
FOX50
-21.03
FOX 50 INDEX
5:15 PM
GS
THE GOLDMAN S...
MSFT
MICROSOFT COR...
-2.92
896.99
131.23
-0.47
26.80
http://www.foxbusiness.com/markets/2011/08/02/sputtering-economy-sends-d... 02-Aug-2011
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77.84
While the passage of the bill will help the country avoid a catastrophic default,
the chance remains that credit ratings companies may choose to downgrade
America's coveted 'AAA' credit rating, which could strongly impact world credit
markets, analysts say.
Fitch said Tuesday the compromise-deal is in line with the 'AAA' credit rating,
and represents a step in the right direction. However, the ratings company
noted the country will have to confront difficult choices to balance tax and
spending while dealing with a weak economic backdrop.
The debt deal "does not put the U.S. on a sustainable fiscal path," economists
at Barclays Capital wrote in a note to clients, adding "weakness in U.S. growth
has the potential to offset most of the savings claimed by the debt reduction
package."
Every major sector fell sharply on the day, leaving few shelters in the equities
markets. Conglomerates like General Electric (GE: 17.21, -0.76, -4.23%) and
United Technologies (UTX: 78.93, -3.41, -4.14%) struggled the most on the
day.
Volume on the New York Stock Exchange was the highest in more than four months, which market
participants see as a sign of conviction in the selloff.
In a continued flight to safe assets, gold soared to yet another nominal record high. The precious metal
settled higher by $22.80, or 1.4%, to $1,645 a troy ounce.
The euro zone debt crisis also worried traders on Tuesday after BNP Paribas, Europe's biggest lender by
assets, took a roughly $757 billion writedown on its Greek sovereign debt. Greece, which has an
enormous public debt burden, is in need of a rescue package from euro zone authorities and has seen its
credit rating being sliced into junk territory and just slightly above default.
There were also concerns that the sovereign debt crisis would spillover into larger, more prominent
economies, like Spain and Italy, according to Peter Boockvar, managing director at Miller Tabak + Co.
Energy markets were in the red. The euro fell 0.48% against the U.S. dollar, while the greenback rose
0.16% against a basket of world currencies.
Light, sweet crude fell $1.10, or 1.2%, to $93.79 a barrel. Wholesale RBOB gasoline dipped 2 cents, or
0.55%, to $3.04 a gallon.
Prices at the pump were once again stable overnight, but remain highly-elevated as compared to last year.
A gallon of regular costs $3.70 on average nationwide, up from $3.57 last month, and the $2.74 drivers
paid last year, according to the AAA Fuel Gauge report.
Corporate News
http://www.foxbusiness.com/markets/2011/08/02/sputtering-economy-sends-d... 02-Aug-2011
Page 3 of 4
Pfizer (PFE: 18.14, -0.87, -4.58%) revealed second-quarter earnings, excluding one-time costs, of 60
cents a share, topping estimates by a penny. The pharmaceutical giant posted revenue of $17 billion, just
slightly higher than analysts forecast.
Sirius XM Radio (SIRI: 2.07, -0.04, -1.90%) raised its full-year new subscriber outlook to 1.6 million, from
a previous forecast of 1.4 million, sending shares jumping.
Barclays (BCS: 14.02, -0.33, -2.30%) unveiled a 38% drop in quarterly profits, prompting a fresh round of
layoffs.
Foreign Markets
The English FTSE 100 fell 0.7% to 5,733, the French CAC 40 dipped 1.5% to 3,533 and the German DAX
plunged 2.2% to 6,801.
In Asia, the Japanese Nikkei 225 tumbled 1.2% to 9,845 and the Chinese Hang Seng dropped 1.1% to
22,422.
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The Hindu : Business / Markets : Sensex dips below 18,000 mark ...
1 of 1
http://www.thehindu.com/business/markets/article2319196.ece
Business Markets
Sensex dips below 18,000 mark to over six-week low
PTI
The Hindu Brokers said trading sentiment turned bearish after Bharti Airtel posted poor results and the Prime Ministers Economic Advisory
Council lowered the countrys yearly growth forecast. File photo
The Bombay Stock Exchange benchmark Sensex on Wednesday slumped below 18,000 mark to its lowest in over six
weeks, shedding 169 points as funds sold banking, auto and heavy machinery stocks over worries over a slowing
domestic growth amid weak global trends.
The Bombay Stock Exchanges 30-scrip index, which had lost 204 points in the last run, touched the intraday low of
17,859.50 before closing 169.34 points down at 17,940.55, a level last seen on June 16.
Sensex leaders RIL and Infosys lost by 1.19 per cent and 0.76 per cent, respectively. Lenders led by ICICI Bank and
HDFC Bank fell on worries over sticky inflation and rising interest rates might dent the revenue on fall in loan demand.
Interest rate-sensitive auto and realty stocks also suffered losses on concerns over rising borrowing costs.
Brokers said trading sentiment turned bearish after telecom major Bharti Airtel posted poor results for the first quarter
of this fiscal and the Prime Ministers Economic Advisory Council lowered the countrys yearly growth forecast to 8.2
per cent from 9 per cent.
Sentiment at home was also influenced by a weak Asia and lower opening of European stocks on nagging sovereign
debt worries after it emerged that Italy had approached the European Union to settle a potential debt crisis at home
after yields on Italian bonds touched the highest in Euro-history.
U.S. data showing decline in consumer spending in June further dampened the sentiment.
Broad-based National Stock Exchange index Nifty dropped below 5,400 level before ending 51.75 points to lower to
5,404.80.
Keywords: BSE, Sensex, stock market
03-Aug-2011 8:15 AM
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511 Comments
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More
batman2009
of 26
3 seconds ago
For anybody optimistic about how American business will do the right thing (or ever would have),
please read Grapes of Wrath. Then come tell me how great business is, and how it is a good idea to
give them every tax cut and financial break possible. Because they will do the right thing. It is
disgusting how stupid people choose to be, even when this has all happened before and has been
documented.
0
oscar97
34 seconds ago
obama said we need to tax people who have more money than they need "LIKE ME" well i don't hear
him say anything about paying some of those extra dollars that he doesn't need. president reagan
was the only president who voluntarily paid taxes while in office
0
tao of wow
45 seconds ago
I disagree that pushing for a older retirement means you work in till you die. The Quality and length of
life has gone up. I do however think that there is exceptions for every case.
0
batman2009
3 minutes ago
This is why you do not create business-friendly tax environments. Now our government is broke AND
to protect their profits, businesses still aren't hiring because the government is broke. The politicians
of America (on both sides) handed this country and its resources over to American business 30 years
ago. The fact that we only now see what we have become is irrelevant, Reagan ruined this country in
the 80s and everybody since him has done a good job of making it even worse. The only thing
Clinton did right was to raise taxes.
0
terrible terr
3 minutes ago
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'RZSOXQJHVSRLQWVJDLQVDUHZLSHGRXW0DUNHW'LVSDWFKHV0610RQH\
Klaus Vonterinealis
4 minutes ago
Letterofmarque
4 minutes ago
DOW drops over 500 points. Happy Birthday, Mr. President! We need more of your keen insight and
wisdom.
RENEE LOVE
5 minutes ago
Mred99-older retirement would mean working until you die, then social security would be irrelevant,
but you've paid into all your life. Yeah push up the retirement age and take away the social security
tax!!! That's the only way I would agree to work past 65, unless you can guide me to the fountain of
youth, one that actually works!!!!
0
cragig
5 minutes ago
"investors worried that the U.S. economy may be slipping back into a recession"
Wu was a Tiger
6 minutes ago
Mr President your a Failure. No Hope, No Compromise. Liberals are like Herpes, until the outbreak
happens again you for get how bad it is
6
tao of wow
8 minutes ago
American people were doing just fine when the market was below 10,000.
2
sasha_dobie
8 minutes ago
Just an aside here; It seems to me that a career is becoming more than just your working life, it
seems that as a society we are heading back toward a time where it will be a you work until we toss
dirt on you life. That is unless you are a member in the elite class of society.
Also, I thought you might just like a little light classic reading, (Fahrenheit 451, (Ray Bradbury), Of
Mice and Men(John Steinbeck), 1984, (George Orwell)).
eddieboy111
9 minutes ago
If you think that our so called commander and chief is not responsible for this mess,YOUR NUTS.You
obviously know nothing about what is going on in this country.I am sure if something goes right for
this country you will want to give all the credit to him.But there is nothing thus far to give him credit for
that is positive for this country.He is the worst president ever and you just dont want to admit that you
KWWSPRQH\PVQFRPLQYHVWLQJGRZSOXPPHWVPDUNHWGLVSDWFKHVDVS[>$XJ30@
'RZSOXQJHVSRLQWVJDLQVDUHZLSHGRXW0DUNHW'LVSDWFKHV0610RQH\
fell for his B.S. and voted for him.
13
batman2009
10 minutes ago
Good. I hope the whole thing comes crashing down. Republicans want us to put our faith in private
businesses, and every hit the stock market takes is one step closer to Americans waking up and
investing in their future, aka, the government. Obviously, the government is dumb enough to get tied
up in Wall Street's mess, but if it all collapsed overnight and we were no longer amazed by big
corporations and big business, and we went back to smaller, more manageable businesses, I think
that would be a good thing. I don't even feel bad about this. The Republicans got what they wanted
in the debt bill, and already we see the effects of weakening our government.
6
work20
11 minutes ago
To all those idiots in this post who keep saying "The Govt. does not create jobs", the private sector
does,...
You retards deserve to lose your jobs if you have one right now,. 'coz the private sector NEVER
created jobs since 2000, and will NOT, till the US worker agrees to work for 5 cents / hour. And you
retards call this Capitalism ??
15
Tracy Mauro
13 minutes ago
Am I supposed to think we are going in the right direction as a country well I don't, Am i supposed to
think people and this country care about us any more well i don't, when all they do is take, take,
take, from me and my family, this country has done nothing but take from us as civilians and we have
no more to give and no other place to go. So tell me if you have a better idea. We have no medical
system, a very weak education system, a very, very weak economy system ( no jobs). Where do i go
and what do i do.
Klaus Vonterinealis
13 minutes ago
No equity in our homes now, $4.00 gas, high food and utilities, high healthcare, and now our 401k is
losing a ton of money.
11
RENEE LOVE
14 minutes ago
Why is the media so hell bent on trying to fool the average american into believing that we are in a
recovery instead of recession headed towards depression??? The job market hasn't gotten better,
prices for food are getting more and more ridiculous while the dollar's purchasing power is not worth a
nickel(4 cents to be exact). It pisses me off that they assume that we are all stupid and unplugged
from reality!!!
12
14 minutes ago
JKR100
I looked up 'historical budgets' at whitehouse.gov just like you said........................And NOTHING
there was like you claimed. Sorry dude, you are wrong.
As to your imaginary surplus........................Look up "national debt by year' click on the government
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'RZSOXQJHVSRLQWVJDLQVDUHZLSHGRXW0DUNHW'LVSDWFKHV0610RQH\
(.gov) site and read the numbers for each and every year that clinton was president. You will see that
we went further in debt each year..............ergo, no balanced budget, much less any surplus. (if the
budget was balanced we would have spent the same as what we took in, not gone further in debt. If
tthere
e e had
ad ever
e e been
bee a surplus
su
surplus,
p us, the
t e debt would
ou d have
a e DECREASED!)
C
S
)
In a nutshell
nutshell,
uts e , the
t e
i
imaginary
i
surplus
l was just
j t like
lik the
th imaginary
i
i
balanced
b l
d budget
b d t Simply
Si l a lie
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t ld to
t us by
b clinton
li t
More
6
Klaus Vonterinealis
16 minutes ago
W2 You're an idiot.
4
of 26
ADD A COMMENT
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http://www.thehindu.com/business/markets/article2327627.ece
Business Markets
Sensex plummets over 387 points to 14-month low on global worries
PTI
The Hindu Stockbrokers react as they monitor share prices during intra-day trade at a brokerage firm in Mumbai on Friday. Photo: Paul
Noronha
The BSE benchmark Sensex plunged by over 387 points to hit nearly 14-month lows on major sell-off by funds, driven
by melting global markets amid fears over the U.S. economy moving towards recession.
The Bombay Stock Exchange index, Sensex, plummeted by another 387.31 points, or 2.19 per cent to 17,305.87, the
level last seen on June 10 last year.
During the intra-day trade, the gauge had lost over 702 points to slip below 17,000 points to hit a low of 16,990.91
points, a level last seen on May 14, last year.
All the 13 sectoral indices recorded major losses with stocks of IT, metals, realty, financials, oil and gas and capital
goods leading the fall.
Broad-based National Stock Exchanges 50-share index Nifty nosedived by 120.55 points, or 2.26 per cent to 5,211.25.
It had dipped below the psychosocial 5,200 points level to trade at 5,116.45 points at the outset of session.
Sentiment on the domestic bourses turned distinctly weak largely in tandem with overnight slide on the US market on
worries over a possible recession and European debt worries, triggering widespread selling by major players including
foreign funds.
Market major Reliance Industries sank to a fresh 52-week low of Rs 778.55 before recovering partially to close at Rs
791.65, still down by 2.57 per cent.
Shares of State-run oil marketing companies Indian Oil, HPCL and BPCL recorded smart gains, despite huge losses
suffered by the overall market.
Analysts said that stocks posted gains amid reports that the government was moving in direction of de-control of diesel
prices.
A weakening trend in crude oil in global market which would reduce the subsidy burden, also supported the upside in
oil company stocks, they said.
Among sectoral indices, the IT sector index suffered the most, losing 3.93 per cent to 5,459.02 as Tata Consultancy
Services dropped 3.66 per cent to Rs 1,056.70, while Infosys Technologies tanked 4.35 per cent to Rs 2,590.55.
1 of 2
05-Aug-2011 8:50 AM
http://www.thehindu.com/business/markets/article2327627.ece
The realty sector index closed 3.13 per cent down at Rs 1,888.97 followed by the metal index that tumbled by 2.44 per
cent to 13,061.95 points, while the Bankex shed 1.67 per cent to 11,833.22 points..
In the Asian region, Hong Kongs Hang Seng index sank 4.29 per cent while Japans Nikkei ended 3.72 per cent lower
today. All the European markets were also trading in the red the opening trade on Friday.
Keywords: BSE, sensex, closing trade, U.S. debt crisis, stocks crash
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05-Aug-2011 8:50 AM
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S&P issues unprecedented downgrade of US credit rating, saying debt package falls short
WASHINGTON (AP) -- The United States has lost its sterling credit rating from Standard & Poor's.
The credit rating agency on Friday lowered the nation's AAA rating for the first time since granting it in 1917. The move came less than a week
after a gridlocked Congress finally agreed to spending cuts that would reduce the debt by more than $2 trillion -- a tumultuous process that
contributed to convulsions in financial markets. The promised cuts were not enough to satisfy S&P.
The drop in the rating by one notch to AA-plus was telegraphed as a possibility back in April. The three main credit agencies, which also
include Moody's Investor Service and Fitch, had warned during the budget fight that if Congress did not cut spending far enough, the country
faced a downgrade. Moody's said it was keeping its AAA rating on the nation's debt, but that it might still lower it.
One of the biggest questions after the downgrade was what impact it would have on already nervous investors. While the downgrade was not a
surprise, some selling is expected when stock trading resumes Monday morning. The Dow Jones industrial average fell 699 points this week,
the biggest weekly point drop since October 2008.
"I think we will have a knee-jerk reaction on Monday," said Jack Ablin, chief investment officer at Harris Private Bank.
But any losses might be short-lived. The threat of a downgrade is likely already reflected in the plunge in stocks this week, said Harvey
Neiman, a portfolio manager of the Neiman Large Cap Value Fund.
"The market's already been shaken out," Neiman said. "It knew it was coming."
One fear in the market has been that a downgrade would scare buyers away from U.S. debt. If that were to happen, the interest rate paid on U.S.
bonds, notes and bills would have to rise to attract buyers. And that could lead to higher borrowing rates for consumers, since the rates on
mortgages and other loans are pegged to the yield on Treasury securities.
However, even without an AAA rating from S&P, U.S. debt is seen as one of the safest investments in the world. And investors clearly weren't
scared away this week. While stocks were plunging, investors were buying Treasurys and driving up their prices. The yield on the 10-year
Treasury note, which falls when the price rises, fell to a low of 2.39 percent on Thursday from 2.75 percent Monday.
A study by JPMorgan Chase found that there has been a slight rise in rates when countries lost an AAA rating. In 1998, S&P lowered ratings
for Belgium, Italy and Spain. A week later, their 10-year rates had barely moved.
The government fought the downgrade. Administration sources familiar with the discussions said the S&P analysis was fundamentally flawed.
They spoke on condition of anonymity because they weren't authorized to discuss the matter publicly. S&P had sent the administration a draft
document in the early afternoon Friday and the administration, after examining the numbers, challenged the analysis.
S&P said that in addition to the downgrade, it is issuing a negative outlook, meaning that there was a chance it will lower the rating further
within the next two years. It said such a downgrade, to AA, would occur if the agency sees smaller reductions in spending than Congress and
the administration have agreed to make, higher interest rates or new fiscal pressures during this period.
In its statement, S&P said that it had changed its view "of the difficulties of bridging the gulf between the political parties" over a credible
deficit reduction plan.
S&P said it was now "pessimistic about the capacity of Congress and the administration to be able to leverage their agreement this week into a
broader fiscal consolidation plan that stabilizes the government's debt dynamics anytime soon."
One analyst suggested the downgrade might move Congress to take concrete steps to fix the nation's budget problems.
06-Aug-2011 1:03 AM
2 of 2
http://finance.yahoo.com/news/SampP-downgrades-US-credit-apf...
"It's a downgrade and it's bad, but if it spurs more conversation about bringing down spending and maybe more intelligent tax policy, it could
be a good thing in the long run," said Frank Barbera, a portfolio manager of the Sierra Core Retirement Fund.
The Federal Reserve and other U.S. regulators said in a joint statement that S&P's action should not have any impact on how banks and other
financial institutions assess the riskiness of Treasurys or other securities guaranteed by the U.S. government. The statement was issued to make
sure banks did not feel that the downgrade would affect the amount of capital that regulators require the banks to hold against possible losses.
Before leaving for a weekend at Camp David, President Barack Obama met with Treasury Secretary Timothy Geithner in the Oval Office late
Friday afternoon.
The downgrade is likely to have little to no impact on how the United States finances its borrowing, through the sale of Treasury bonds, bills
and notes. This week's buying proves that.
"Investors have voted and are saying the U.S. is going to pay them," said Mark Zandi, chief economist of Moody's Analytics. "U.S. Treasurys
are still the gold standard." He noted that neither his parent organization, Moody's, nor Fitch, the other of the three major rating agencies, have
downgraded U.S. debt.
The ratings agencies were sharply criticized after the financial crisis in 2008 for not warning investors about the risks of subprime mortgages.
Those mortgages were packaged as securities and sold to investors who lost billions of dollars when the loans went bad.
Japan had its ratings cut a decade ago to AA, and it didn't have much lasting impact. The credit ratings of both Canada and Australia have also
been downgraded over time, without much lasting damage.
"I don't think it's going to amount to a lot," said Peter Morici, a University of Maryland business economist.
Still, he said, "The United States deserves to have this happen," because of its clumsy handling of fiscal policy.
In reacting to the downgrade, Democrats and Republicans continued to blame each other and pledged to hold firm to their principles.
Republican presidential candidates criticized the White House. Rep. Michele Bachmann, R-Minn., called on Obama to fire Treasury Secretary
Timothy Geithner and submit a plan to balance the budget and not just reduce future deficits. Republican candidate Mitt Romney, former
governor of Massachusetts, said the credit downgrade was the "latest casualty" in Obama's failed economic leadership.
House Democratic Leader Nancy Pelosi said the American people will be closely watching the work of the 12-member joint committee that has
been created to produce more than $1 trillion in additional savings over the next decade.
"The work of this committee will affect all Americans, and its deliberations should be open to the press, to the public and webcast," she said.
Senate Democratic Leader Harry Reid said the downgrade underscored the need for a "balanced approach to deficit reduction that combines
spending cuts with revenue-raising measures" such as doing away with tax breaks for the wealthy and oil companies.
AP reporters Tom Raum, David Espo and Julie Pace in Washington and Business Writers Chip Cutter and Pallavi Gogoi in New York
contributed to this report.
Follow Yahoo! Finance on Twitter; become a fan on
Facebook.
06-Aug-2011 1:03 AM
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China tells U.S. "good old days" of borrowing are over - Yahoo! Finance
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06-Aug-2011 11:23 AM
China tells U.S. "good old days" of borrowing are over - Yahoo! Finance
2 of 4
http://finance.yahoo.com/news/China-flays-US-over-credit-rb-3974888722.html?x=0
"The G7 will confer by telephone. It's not yet confirmed whether it will be in one stage or in two stages, tonight and tomorrow," the source
said.
French Finance Minister Francois Baroin, who would chair such a meeting under France's G7 and G20 presidency, said it was too early to say
whether there would be an early G7 gathering.
In the Xinhua commentary, China scorned the United States for its "debt addiction" and "short sighted" political wrangling.
"China, the largest creditor of the world's sole superpower, has every right now to demand the United States address its structural debt problems
and ensure the safety of China's dollar assets," it said.
It urged the United States to cut military and social welfare expenditure. Further credit downgrades would very likely undermine the world
economic recovery and trigger new rounds of financial turmoil, it said.
"International supervision over the issue of U.S. dollars should be introduced and a new, stable and secured global reserve currency may also be
an option to avert a catastrophe caused by any single country," Xinhua said.
In Washington, President Barack Obama urged lawmakers on Saturday to set aside partisan politics after the debt battle, saying they must work
to put the United States' fiscal house in order and refocus on stimulating its stagnant economy.
S&P blamed the downgrade in part on the political gridlock in Washington, saying politics was preventing the United States from addressing its
deficit and debt problems.
Obama called on Congress to back measures to give tax relief to the middle class, extend jobless benefits and pass long-delayed international
trade pacts.
"Both parties are going to have to work together on a larger plan to get our nation's finances in order," he said.
"In the long term, the health of our economy depends on it...in the short term, our urgent mission has to be getting this economy growing faster
and creating jobs."
STAY COOL
06-Aug-2011 11:23 AM
China tells U.S. "good old days" of borrowing are over - Yahoo! Finance
3 of 4
http://finance.yahoo.com/news/China-flays-US-over-credit-rb-3974888722.html?x=0
In contrast to the Chinese criticism, France's Baroin said France had faith in the United States' ability to get out of this "difficult period."
Friday's U.S. unemployment numbers were better than expected and so things were heading in the right direction, he said.
"Therefore, one should not dramatise, one needs to remain cool-headed, one should look at the fundamentals," he told France's iTele.
While the impact of the rating cut on financial markets when they reopen on Monday may be modest because the decision was expected, the
shift may have a long-term impact for U.S. standing in the world, the dollar's status, and the global financial system.
"I think even if it was half-expected, the consequence will be far reaching," said Ciaran O'Hagan, fixed income strategist at Societe Generale in
Paris.
"It will weigh on secure assets. The bigger reaction will be on risky assets, including equities and on agencies (Freddie Mac, Fannie Mae) and
states backed directly by the federal government."
But he added: "U.S. Treasuries will remain a benchmark. This is a ship which takes a long time to turn around."
Norbert Barthle, a budget expert for German Chancellor Angela Merkel's conservatives said the downgrade would certainly provoke further
turbulence in markets.
"I'm not surprised about the U.S. rating downgrade, rather I am astonished that for weeks, international rating agencies have focused their
attention on the European debt situation but not the American one. For a while, there have been clear worries about America's economic woes
but also the fact the U.S. is heavily indebted."
NO EARLY ITALIAN ELECTION
In Europe, Italian Prime Minister Silvio Berlusconi on Saturday ruled out calling early elections to stem market panic that has pounded Italian
assets and forced his government to bring forward austerity measures.
Italy buckled on Friday to world pressure by pledging to bring forward cuts to balance the budget in 2013 in return for European Central Bank
help with funding.
European policy makers are concerned that a debt emergency in the euro zone's third largest economy could completely overwhelm bailout
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Stocks plunge after S&P downgrade; Dow down 634; Europe, economy fears send Treasurys, gold up
NEW YORK (AP) -- Stocks plunged Monday as anxiety overtook investors on the first trading day since Standard & Poor's downgraded
American debt.
The Dow Jones industrials fell 634.76 points. It was the sixth worst point decline for the Dow in the last 112 years and the worst one-day drop
since December 2008. Every stock in the Standard & Poor's 500 index declined Monday.
Investors worried about the slowing U.S. economy, escalating debt problems threatening Europe and the prospect that fear in the markets
would reinforce itself, as it did during the financial crisis in the fall of 2008.
"`What's rocking the market is a growth scare," said Kathleen Gaffney, co-manager of the $20 billion Loomis Sayles bond fund. "The market is
under a lot of stress that really has little to do with the downgrade." Instead, Gaffney said, investors are focused on "how Europe and the U.S.
are going to work their way out of a high debt burden" if economic growth remains slow.
Investors desperately looked for safe places to put their money and settled on U.S. government debt -- even though it was the target of the
downgrade Friday, when S&P removed the United States from its list of the lowest-risk countries.
The price of Treasurys rose sharply, and yields, which move in the opposite direction from price, fell. The yield on the 10-year Treasury note
fell to 2.34 percent from 2.57 percent Friday. That matches its low for the year, reached last week.
"This is largely a flight to safety," said Thomas Simons, money market economist with Jefferies & Co. "The bond market is really trading off of
what's going on in the stock market." Money flowed out of stocks and into Treasurys.
Gold set a record. It rose $61.40 to settle at $1,713.20.
Crude oil, natural gas and other commodities fell sharply on worries that a weaker global economy will mean less demand. Oil fell 6.4 percent
to settle at $81.31 per barrel.
Fear is spreading quickly through the market, said Dimitre Genov, senior portfolio manager with Artio Global Investors. "It's becoming a
vicious cycle and could feed into consumers reducing their demand as well."
The Dow was down 5.5 percent a 10,809.85. The sharp drop extended Wall Street's almost uninterrupted decline since late July, when the Dow
was flirting with 13,000. It fell below 11,000 for the first time since November.
The S&P 500 fell 79.92, or 6.7 percent, to 1,119.49. The Nasdaq composite index fell 174.72, or 6.9 percent, to 2,357.69.
Stock markets in Asia began Monday's global rout. The main stock index fell almost 4 percent in South Korea and more than 2 percent in
Japan. European markets opened later and fell, too, with Germany down 5 percent and France 4.7 percent.
In the U.S., stocks fell even as Moody's, another major credit rating agency, stood by its top rating of Aaa for the United States. It said it could
downgrade the U.S. if it doesn't cut its deficit, "but it is early to conclude that such measures will not be forthcoming."
Financial markets also did not appear comforted by an afternoon statement by President Barack Obama, who said Washington needs more
"common sense and compromise" to tame its debt.
"Markets will rise and fall," he said. "But this is the United States of America. No matter what some agency may say, we've always been and
always will be a triple-A country."
S&P, in its downgrade, criticized dysfunction in the American political system. The downgrade wasn't a total surprise but came when investors
1 of 3
08-Aug-2011 5:42 PM
Dow plunges more than 600 points after downgrade - Yahoo! Finance http://finance.yahoo.com/news/Wall-St-takes-a-dive-on-first-apf-1...
were already feeling nervous about the U.S. economy and European debt, among other problems.
Last week, the Dow Jones industrial average fell almost 700 points. That was its biggest weekly point loss since October 2008, during the
financial crisis. Counting Monday, the Dow has dropped in 10 of the last 12 trading days. It is down more than 1,900 points, or 15 percent,
since July 21.
The Russell 2000 index of small stocks has now lost nearly 25 percent from its most recent high on April 29. A decline of 10 percent or more
off recent highs is considered to be a correction. But a drop of 20 percent or more is said to be the start of a bear market.
The Nasdaq and S&P 500 are both down about 18 percent since the end of April. The Dow is down 16 percent.
The last bear market for the S&P 500 ran from October 2007 until March 2009. The index lost 57 percent of its value during the downturn.
S&P on Monday downgraded mortgage lenders Fannie Mae, Freddie Mac and other agencies linked to long-term U.S. debt. Fannie and Freddie
own or guarantee about half of all U.S. mortgages. Their downgrade could eventually mean higher mortgage rates.
Worries about weaker profits that could result from a slowing economy have slammed the financial industry since late July. As a group,
financial stocks in the S&P 500 index fell 10 percent on Monday to their lowest level since July 2009.
Bank of America plunged 20.3 percent, to $6.51, after AIG filed suit against the bank. The insurer alleged Bank of America sold it overvalued
mortgage-backed securities. The bank denied the allegations. Its stock is down 51 percent this year, from $13.34.
Stocks in other industries whose profits are closely tied to the strength of the economy also fell sharply. Energy stocks in the S&P 500 fell 8.3
percent, for example.
The smallest losses came in safer industries such as consumer staples whose profits tend to be steadier, regardless of the economy. Even in a
bad economy people will still buy things like toothpaste and bread.
The Vix index, a measure of fear among investors, shot up 47 percent to its highest level since May 2010. The index shows how worried
investors are that the S&P 500 will drop over the next 30 days. It does this by measuring prices for stock options that investors can buy to help
protect their portfolios.
Investors are also worried that Italy or Spain could become the next European countries to have trouble repaying its debts. Greece, Ireland and
Portugal have already received bailout loans because of Europe's 21-month-old debt crisis.
The fears have pushed investors to shun Spanish and Italian bonds, which led to higher yields on the bonds. That resulted in even higher
borrowing costs for the countries.
The European Central Bank stepped in Monday and bought bullions of euros worth of their bonds. The move helped to lower yields on Spanish
and Italian bonds, at least temporarily.
Seeking to avert panic spreading across financial markets, the finance ministers and central bankers of the Group of 20 industrial and
developing nations issued a joint statement Monday saying they were committed to taking all necessary measures to support financial stability
and growth.
"We will remain in close contact throughout the coming weeks and cooperate as appropriate, ready to take action to ensure financial stability
and liquidity in financial markets," they said.
Worries about the U.S. economic recovery have been building since the government said that economic growth was far weaker in the first half
of 2011 than economists expected.
The economy grew at a 1.3 percent annual rate from April through June, below economists' expectations. It expanded at just a 0.4 percent rate
in the first quarter. The first half of 2011 was the slowest since the end of the recession.
Then reports showed that the manufacturing and services industries barely grew in July. Job growth was better than economists expected last
month. But the 117,000 jobs created in July were still well below the 215,000 that employers added in February, March and April, on average.
The Federal Reserve will meet on Tuesday, but economists don't expect much to come out of the meeting. The central bank's key interest rate is
already at a record of nearly zero, where it has been since 2008.
2 of 3
08-Aug-2011 5:42 PM
Dow plunges more than 600 points after downgrade - Yahoo! Finance http://finance.yahoo.com/news/Wall-St-takes-a-dive-on-first-apf-1...
The Fed has also already said that it plans to keep rates low for "an extended period." Chairman Ben Bernanke said last month that the Fed
could step in to help the economy if it further weakened.
Fears about a weaker U.S. economy have overshadowed the profit growth that companies have reported for the second quarter. For the 441
companies in the S&P 500 that have already reported, earnings rose 12 percent in the second quarter from a year earlier. Revenue growth has
also topped 10 percent for the first time in a year.
Verizon Communications Inc. fell 3.9 percent after it was unable to come to terms with 45,000 workers on health care costs, pensions and other
issues.
More than 69 stocks fell for every one that rose on the New York Stock Exchange. Consolidated trading volume was heavy at 9.7 billion
shares, nearly triple the volume in early July.
AP Business Writers Matthew Craft, David K. Randall and Daniel Wagner contributed to this report.
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NEW YORK (Reuters) - U.S. stocks plunged on Monday, taking the S&P 500 down more than 6
percent on growing fears of a recession, exacerbated by the loss of the country's pristine triple-A
credit rating.
Panicked selling on heavy volume resulted in the S&P 500's worst day since December 2008, with
every stock in the benchmark index ending in negative territory.
"We're starting to see real disorderly selling, far more than what we've been seeing," said Matthew
Peron, head of active equities at the Chicago-based Northern Trust, which has about $650 billion
in assets under management.
Based on the surge in the VIX, he added, "We're starting to move into panic mode."
Perceptions that Washington is incapable of addressing the problems of rising debt and slowing
growth have contributed to the selling. This was underlined by selling that picked up during a
statement from President Barack Obama that offered few concrete ways to resolve the fiscal and
economic problems.
The anxiety about the U.S. economy was matched by rising worries about Europe's debt problems,
where the latest initiative to buy Italian and Spanish bonds is far from enough to solve the euro
zone's debt crisis.
The CBOE Volatility Index, Wall Street's "fear gauge," jumped 50 percent to end at 48. This
marked the first time the VIX has topped 40 since May 2010, when the "flash crash" occurred.
08-Aug-2011 5:45 PM
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The S&P 500 is down 17.9 percent from its 2011 closing high, reached on April 29 -- putting it
close to the 20 percent decline from a recent peak that Wall Street defines as bear market territory.
Monday's slide marked the first time since November that the Dow has fallen below 11,000. "It is a
panic, and almost by definition, it doesn't have an issue. It wouldn't matter what it was," said
James Paulsen, chief investment strategist at Wells Capital Management in Minneapolis, which
has over $340 billion in assets under management.
The Dow Jones industrial average lost 634.76 points, or 5.55 percent, to end at 10,809.85. The
Standard & Poor's 500 Index sank 79.92 points, or 6.66 percent, at 1,119.46. The Nasdaq
Composite Index plunged 174.72 points, or 6.90 percent, to close at 2,357.69.
Volume was extremely heavy, with 17.5 billion shares traded on the New York Stock Exchange, the
American Stock Exchange and Nasdaq, sharply above last year's daily average of 8.47 billion.
While all 10 S&P sectors lost more than 3.5 percent, the groups most sensitive to the economy,
such as banking and commodities, were the hardest hit. The S&P financial index lost 10 percent
while the S&P energy index lost 8.3 percent. U.S. crude oil futures slumped 7.3 percent.
Bank of America Corp plummeted 20.3 percent to $6.51. The Dow component was the most
actively traded name on the New York Stock Exchange and the S&P 500's biggest loser.
Monday's global stock market sell-off wiped out more than $1.35 trillion in investor wealth
worldwide, according to the 5.2 percent drop in the MSCI World Index . The index entered the
week with a value of $26.42 trillion.
The S&P 500 alone lost $729.3 billion in value with its drop for the day of 6.66 percent.
Late on Friday after the market's close, S&P cut the United States' perfect long-term credit rating
of AAA by one notch to AA-plus on concerns about debt levels in the world's largest economy. The
08-Aug-2011 5:45 PM
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downgrade could eventually raise borrowing costs for the U.S. government and companies, as well
as for consumers.
On Monday, President Obama blamed the downgrade on political gridlock in Washington and said
he would offer some recommendations on how to reduce federal deficits.
"Investors wanted more specifics from Obama, but I don't know if that's reasonable right now,"
Peron said. "When we see a credible policy response, that's when we could see a bottom."
Traders also cited expected redemptions and margin calls for the sharp early afternoon declines.
"We saw a lot of short selling coming in, especially into ETFs at around 2:15" p.m. said Glenn
Starkman, global head of Sales Trading at Dahlman Rose in New York.
About 66 stocks fell for every one that rose on the New York Stock Exchange, while on the Nasdaq,
22 stocks fell for every one that rose.
Even the European Central Bank's dramatic intervention in bond markets, which pushed down
yields on Spanish and Italian bonds, was not enough to stem selling.
GETTING CLOSE TO A BOTTOM?
But some analysts noted the mass selling has made some stocks attractive at much lower prices.
"Based on historical sell-offs, it wouldn't be surprising to see a rebound in the more oversold areas,
given how far down we've come and how fast," said Brad Sorensen, director of market and sector
analysis at Charles Schwab in Denver.
Barclays Capital, in a note to clients, wrote that the decline created a "time to buy," and that the
recent losses "left equity valuations at levels of cheapness not seen since the early 1980s.
"I've been in this business almost 30 years. When it gets to the point where you want to throw up,
it's probably time to buy, and we're there," said Angel Mata, managing director of listed equity
trading at Stifel Nicolaus Capital Markets in Baltimore.
(Reporting by Ryan Vlastelica; Additional reporting by Chuck Mikolajczak; Editing by Jan
Paschal)
(c) Copyright Thomson Reuters 2011. Check for restrictions at: http://about.reuters.com/fulllegal.asp
Copyright 2011 Yahoo! Inc. All rights reserved. | Yahoo! News Network | /
08-Aug-2011 5:45 PM
AIG sues Bank of America for $10.5 billion - The Economic Times
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and errors."
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Many of the faulty mortgages which caused AIG's losses were originated by Countrywide Financial, a leading
subprime mortgage lender which was acquired by Bank of America in early 2008.
In its nearly 200-page lawsuit against Bank of America, AIG detailed how Countrywide approved mortgages to
high-risk borrowers, allegedly falsifying documents and concealing risks as it resold the loans.
"Driven by a single-minded desire to increase their share of the lucrative RMBS market and the considerable
fees generated by it, defendants created and marketed RMBS backed by hundreds of thousands of defective
mortgages," AIG said in its lawsuit.
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"The offering materials used to sell the RMBS fraudulently misrepresented and concealed the actual credit
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In June, Bank of America announced an $8.5 billion settlement with a group of more than 20 major investors
08-Aug-2011 5:54 PM
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over losses on mortgage-backed securities, in an attempt to close the door on its disastrous acquisition of
Countrywide.
US
On Monday, though, AIG said that Bank of America's settlement did not affect its plans for the $10.5 billion
lawsuit, since that settlement did not cover claims for fraud and securities violations.
AIG also warned that its lawsuit against Bank of America will not likely be its last lawsuit "against counterparties
that have sought to profit at our expense."
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"As AIG has said in the past, we are looking carefully at what counterparties and others have done to AIG, and
we intend to take legal action against those who have harmed us," it said.
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Business Markets
Sensex down 132 points amid choppy trade on U.S. debt worries
PTI
The BSE benchmark Sensex today fell for the sixth day and closed 132.27 points down to below the 17,000 mark in
volatile trade as investors sold blue-chips, especially IT stocks, amid a rout in global equities.
A sharp jump in Chinese inflation to more than three years high further spooked the equities market.
The Bombay Stock Exchange key index fluctuated over 703 points intraday before closing at 16,857.91, a level last
witnessed in June last year.
The 30-share index, which had lost 1,322 points in last five sessions, had regained 17,000 points level at midway on
covering of short positions, but global equities sell-off on fears that political leaders were failing to tackle the U.S. and
Europe debt crises pulled down the market.
Software services exporters led by industry bellwether Infosys and largest Indian IT company TCS fell the most,
contributing the most to the Sensex fall. Infosys dropped by Rs. 90.90 to Rs. 2,377.10 and Tata Consultancy by Rs. 42
to Rs. 967.25 a piece.
Industry leader RIL also fell by nearly two per cent.
Broad-based National Stock Exchange index Nifty ended 45.65 points lower at 5,072.85 after touching the days high of
5,167.
Market sentiment remained bearish as Asian stock markets tumbled nearly six per cent and European stocks opened
lower as.
Investors were jittery as the U.S. markets tumbled by 6 per cent last night, the lowest since October 2008.
Keywords: Sensex, markets, BSE
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By Rodrigo Campos
NEW YORK (Reuters) - Fear returned to Wall Street on Wednesday, sending the S&P 500 to another 4 percent decline, triggered by worries
that Europe's debt crisis could engulf French banks and spill onto the U.S. financial sector.
Trading was once again marked by sharp moves on heavy volume. For a fifth straight day, the Dow industrials fluctuated in a range of more
than 400 points.
"What you're seeing is a very short-term, direction-oriented market," said Eric Kuby, chief investment officer of North Star Investment
Management Corp in Chicago.
Worries about the strength of French lenders, including Societe Generale, triggered a selloff in European and U.S. banks. Rumors about
SocGen's financial health, which the bank denied, sent its shares tumbling 14.7 percent.
An index of European banks dropped 6.7 percent and the KBW index of U.S. bank stocks slid 4.9 percent as fear grew of a possible contagion
of any French crisis. Bank of America Corp lost 10.9 percent to $6.77 and Goldman Sachs slid more than 10 percent to $110.34.
The Dow Jones industrial average slid 520.29 points, or 4.63 percent, to 10,719.48. The S&P 500 fell 51.81 points, or 4.42 percent, to 1,120.72.
The Nasdaq Composite dropped 101.47 points, or 4.09 percent, to 2,381.05.
Wednesday's drop came a day after stocks rallied on the Federal Reserve's pledge to keep interest rates near zero for at least two more years.
Even after Tuesday's snap-back rally, the S&P 500 is down almost 18 percent from its 2011 closing high set April 29.
The losses came against the backdrop of recent weak U.S. economic data, the United States losing its triple-A credit rating from Standard &
Poor's and the inability of lawmakers to address worries that another recession may be on the way.
About 15 billion shares traded on the New York Stock Exchange, NYSE Amex and Nasdaq, almost double the year's estimated daily average of
7.8 billion.
Volume once again spiked in the last hour of trading, and the market closed near its session lows. Of late, overleveraged investors with losses
on their books have been forced to sell shares near the end of the day.
"Between 3 and 3:20 (p.m.) you have people getting margin calls, and on days like today there's some nervousness about what those calls will
look like," said Andrew Frankel, co-president of Stuart Frankel & Co in New York, referring to the volatility of the final hour of trading.
Slides in the value of stocks may increase the cash needed in margin accounts, which can spark further selling.
Dow component Walt Disney Co dropped 9.1 percent to $31.54 a day after the entertainment company's quarterly results failed to reassure
investors that it could do well in a weak U.S. economy.
After the closing bell, Cisco Systems Inc's shares jumped nearly 12 percent after its quarterly results edged past Wall Street's scaled-back
expectations.
Declining stocks outnumbered advancing ones during the regular session on the NYSE by a ratio of more than 8 to 3, while on the Nasdaq,
almost five stocks fell for every one that rose.
(Reporting by Rodrigo Campos; Editing by Kenneth Barry)
10-Aug-2011 5:43 PM
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DJIA
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The Dow Jones Industrial Average fell 173 points, or 1.6%, to 10,818, the S&P 500 dipped 17.1 points, or
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points to 814.
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Hewlett-Packard (HPQ: 23.60, -6.58, -21.80%) was a huge drag on the Dow
on Friday, plunging 20% to a 6-year low after announcing a major restructuring
in which it is mulling spinning off its personal computer business.
However, the selloff broadened toward the end of the trading session:
Caterpillar (CAT: 79.97, -3.36, -4.03%) and IBM (IBM: 157.54, -6.29, -3.84%)
took steep losses as well. Meanwhile, McDonald's (MCD: 87.23, +1.62,
+1.89%) and Wal-Mart (WMT: 52.30, +0.51, +0.98%) were by far the bestperforming components of the Dow.
This selling comes on the heels of the Dow shedding 420 points, or $120 billion
in market capitalization, on Thursday after a dismal manufacturing report and a
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For the week the blue chips tumbled 4%, the S&P 500 lost 4.7% and the
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With no major economic data releases slated for release on Friday, traders
paid particularly close attention to headlines from Europe.
Austria, the Netherlands and Slovakia requested collateral for loans made as
part of Greece's second bailout package, which is worth $154 billion, and has
kept the Mediterranean nation from having to default on its debt. Finland struck
a deal with Greece for collateral earlier this week.
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The move, according to Ben Critchley, a trader at IG Index, has led market
participants to question the strength of the European Union, and added to the
risk in the marketplace.
The Greek government is internally forecasting a bigger-than-expected
contraction to economic growth, according to a report by Dow Jones, citing
sources. The wider contraction will push the country's deficit higher, according
to the report, which may pose add to economic and fiscal woes.
There have also been mounting worries over the capital position of European
banks. The Wall Street Journal reported on Thursday the Federal Reserve is
concerned about European bank issues spilling over into the U.S. There were
also reports that the European Central Bank lent an undisclosed bank $500
million, possibly signaling a funding crunch for that bank.
The question of specifically which banks will need additional capital is "under
the microscope" and a major market concern, according to Peter Boockvar,
managing director at Miller Tabak + Co.
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In currencies, the euro gained 0.43% on the U.S. dollar, while the greenback
slumped 0.33% against a basket of world currencies.
Prices at the pump were stable overnight. A gallon of regular costs $3.59 on
average nationwide, down from $3.68 last month, but well higher than the
$2.73 drivers paid last year.
Corporate News
Bank of America (BAC: 6.97, -0.04, -0.57%) is slashing 3,500 jobs, according
a report by Reuters, citing a memo.
Foreign Markets
The English FTSE 100 fell 1% to 5,041, the French CAC 40 tumbled 1.9% to
3,017 and the German DAX slid 2.2% to 5,480.
In Asia, the Japanese Nikkei 225 slid 2.5% to 8,719 and the Chinese Hang
Seng skidded 3.1% to 19,400.
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Europe
DJIA
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Asia
1 day
10,992.13
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2,467.99
-61.15
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1,154.23
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Inflation
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Economic Growth
BP
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5 Central Bank
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The Dow Jones Industrial Average
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plunged 304 points, or 2.7%, to 10,992,
the S&P 500 tumbled 31.7 points, or 2.7%, to 1,154 and Nasdaq Composite slumped 61.2 points, or 2.4%,
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The euro zone debt crisis has been a major focus on Wall Street on fears that
severe weakness in the financial system there may spillover to companies
across the Atlantic. In fact, the markets have been particularly affected by
even small developments and setbacks there.
Media reports that Germany is preparing to protect European banks from a
potential Greek bailout roiled global markets and added to already gloomy
developments earlier in the session.
European Central Bank Executive Board Member Juergen Stark plans on
resigning by the end of the year once a replacement is found. The ECB says
the retirement is for personal reasons, but a report by Reuters suggests the
move is actually a result of a disagreement over the central bank's bondpurchasing program.
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There were also discussions among the German and French officials about a
financial transaction tax that would affect all types of instruments including
equities and bonds. The U.K., which houses the region's largest financial
center, has opposed such a move.
The U.S. dollar soared 1.1% against a basket of world currencies to the highest
level since March, while the euro tumbled 1.4% against the
greenback. Meanwhile, the risk aversion trade was back on the table. The
yield on the benchmark 10-year Treasury bond fell briefly to a record low of
1.896% as traders have piled into the shelter of U.S. debt.
Volatility spiked more than 13% as measured by the Chicago Board of Options
Exchange VIX index. Every Dow component was in the red, and only 2% of
S&P 500 issues were higher.
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But Obama Is AWOL
Energy markets trade against the dollar because most commodities are traded in dollar units, meaning a
more expensive dollar makes them more expensive to obtain. Light, sweet crude fell $1.81, or 2%, to
$87.24 a barrel. Wholesale RBOB gasoline dipped 11 cents, or 2.1%, to $2.77 a gallon.
Gold rose $2.00, or 0.11%, to $1,860 a troy ounce.
President Barack Obama unveiled his plan to boost the ailing U.S. labor market before a joint session of
Congress on Thursday evening. The plan, which is expected to provide roughly $447 billion in spending
increases and tax cuts, was larger than the $300 billion many analysts had expected.
A key component of the plan is a cut of payroll taxes paid by employees in 2012. The purpose of the cuts,
according to a research note published by Barclays Capital, is to "offer an incentive to employers to either
raise wages or hire new workers." In total, tax cuts will equate to $253 billion of the package, with the other
part made of of spending increases, according to an analysis by economists at Goldman Sachs.
The President, who has yet to lay out the specifics of the plan, said repeatedly it would be paid for by
making other offsets elsewhere. However, analysts that follow developments in Washington have noted
that the plan may be face significant political challenges in a very much divided Congress. In particular,
the spending increases are expected to face a high level of political scrutiny during a time where many
lawmakers believe the country should focus on deficit reduction.
Also on the jobs front, Bank of America (BAC: 6.98, -0.22, -3.06%) is considering slashing as many as
40,000 jobs as part of its restructuring efforts, according to a report by The Wall Street Journal. The
biggest U.S. bank by assets, which has seen its stock plunge 46% this year, has been trying to operate
more efficiently and shed excess costs.
The Federal Reserve has also been a major focus on Wall Street. Federal Reserve Chairman Ben
Bernanke made a speech on Thursday, coming short of suggesting the central bank will provide another
round of quantitative easing, but setting up the case for further easing. The Fed's policymaking board will
have a two-day meeting starting on September 21, in which members of the Federal Open Market
Committee are expected to discuss unconventional methods of quantitative easing.
The Fed is in a challenging position because short-term interest rates, its usual policymaking tool, are
already essentially at 0% -- as low as they can go. Many economists at large investment banks expect the
Fed will reinvest proceeds from short-term bonds on its balance sheets into longer-term assets, a method
of stimulus the central bank has never before used.
The only major economic release on tap for Friday is wholesale inventories. Inventories are expected to
have ticked higher by 0.8% in July, after climbing 0.6% the prior month.
Foreign Markets
The English FTSE 100 fell 2.4% to 5,215, the French CAC 40 slid 3.6% to 2,795 and the German DAX
slumped 4% to 5,190.
In Asia, the Japanese Nikkei 225 dipped 0.63% to 8,738 and the Chinese Hang Seng slipped 0.23% to
19,866.
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The Hindu : Business / Markets : Sensex falls by 298 points, cuts short 3-d...
1 of 1
http://www.thehindu.com/business/markets/article2439298.ece
Business Markets
Sensex falls by 298 points, cuts short 3-day gains
PTI
The Hindu Stock brokers react as they monitor share prices during intraday trade at a brokerage firm, in Mumbai. Snapping th
three-day gaining streak, the the Sensex closed lower by 298.57 points at 16,866.97 points on Friday. File photo: Vivek Bendre
The BSE benchmark Sensex tumbled by over 298 points to close below the 17,000-mark on Friday due to heavy
profit booking by funds, especially in metal and refinery stocks, after the recent rally.
Snapping the three-day gaining streak, the 30share index closed lower by 298.57 points at 16,866.97 points.
During the day trade, the index touched high of 17,211.80 and a low of 16,849.27 points.
The broadbased National Stock Exchange index Nifty lost 93.80 points to 5,059.45, after moving between 5,1
and 5,046.80.
A weak trend in the Asian region and lower opening in Europe before a meeting of Group of Seven rich nations
deepening economic worries influenced the trading sentiments, brokers said.
Foreign investors remained jittery after a speech by the US Fed chief lacked details on plans to spur economic
growth following a jobs package plan by US President Barack Obama last night.
Steelmakers suffered major losses after the ministry lowered its forecast for demand growth.
Refinery stocks led by the most weighted Reliance Industries (RIL) fell on emergence of profit selling.
RIL dropped 3.33 per cent to Rs 825.10 and Infosys by 2.88 per cent to Rs. 2,271.20. Tata Steel lost 3.20 per cen
Rs 476.95.
Other losers in the index kitty were BHEL, HDFC Bank, ICICI Bank, SBI, Larsen and Toubro, Maruti Suzuki, T
Motots, Tata Power, TCS, DLF and Coal India.
Keywords: Sensex close
09-Sep-2011 4:36 PM
The Hindu : Business / Markets : Sensex tumbles 365 points on weak IIP data http://www.thehindu.com/business/markets/article2447156.ece?homepage...
1 of 1
Business Markets
Sensex tumbles 365 points on weak IIP data
PTI
AP The Bombay Stock Exchange barometer Sensex dropped 365.23 points to 16,501.74 on Monday. File photo
The BSE benchmark Sensex on Monday plunged over 365 points on heavy selling triggered by a steep fall in
domestic industrial growth and weak trend in global markets on renewed concerns of euro-zone debt crisis.
The BSE 30-share barometer dropped 365.23 points, or 2.17 per cent to 16,501.74, with all sectoral indices fallin
up to 3.43 per cent. It touched the days low of 16,393.04.
The broad-based National Stock Exchange index Nifty dropped below the 5,000 level, losing 112.65 or 2.23 per
to 4,946.80. Intra-day it dipped to 4,911.25.
Trading sentiment turned bearish as the countrys industrial growth fell to a meagre 3.3 per cent in July as aga
9.9 per cent in the same month last year.
Asian markets also slumped on renewed concerns that Greece would default on its debt repayments amid a war
from Germany, on top of ongoing debt crisis in other euro-zone nations. Big losses in Europe and the U.S. have
fuelled the selling pressure among foreign investors, brokers said.
Barring three Cipla, Sun Pharma and Hindustan Unilever all the index-kitty stocks ended with losses. Maj
losers were stocks of Tata Motors, Reliance Industries, Infosys, Bajaj Auto, Maruti Suzuki, BHEL, ICICI Bank,
Larsen and Toubro, Tata Steel, TCS and Wirro.
Besides industrial stocks, the banking sector was under pressure on fears of more hike in interest rate by the
Reserve Bank in its policy review on September 16 to tame rising inflation. The bank has increased rates 11 time
since March, 2010, making loans costly for industry as well as consumers.
Steelmakers declined for the second straight session on forecast that demand this fiscal may grow at a slower p
Keywords: BSE, Sensex, NSE, Nifty
12-Sep-2011 9:04 AM
The Hindu : Business / Markets : Sensex suffers biggest loss in 26 months,... http://www.thehindu.com/business/markets/article2476134.ece?homepage...
1 of 1
Business Markets
Sensex suffers biggest loss in 26 months, plunges 704 points
PTI
The Hindu The selling pressure gathered momentum as the Federal Reserve cited risks to the U.S. economy amid ongoing d
troubles in the euro zone nations and continuing depreciation of the rupee. Image shows a stock broker reacting as she watch
share prices in Mumbai. Photo: Paul Noronha
The BSE Sensex on Thursday suffered the biggest plunge in over 26 months, nosediving 704 points on heavy
sell-offs mirroring losses worldwide after the U.S. Fed cited risks to the U.S. economy, and the rupee fell furt
two-year lows.
The 30-share BSE benchmark index tank 704 points or 4.13 per cent to 16,361.15 biggest one day dip after Ju
2009 as Asian markets tanked and European markets opened lower by up to 4 per cent.
Similarly, the broad-based NSE index Nifty melt down by 209.60, or 4.08 per cent to 4,923.65.
Funds pulled out of risky assets amid concerns of slowing global economy after the U.S. Federal Reserve
disappointed investors with its stimulus plan, while warning of serious downside risks to growth amid severe e
zone debt crisis.
Back home, the rupee fell to fresh 2-year low against the U.S. dollar to Rs. 49.20 in intra-day trade weakest le
since July 13, 2009.
The most heaviest on the Sensex, Reliance Industries fell 6.16 per cent, followed by the second heaviest Infosys
3.28 per cent.
The Hong Kongs Heng Seng dropped 4.85 per cent, Japans Nikkei by 2.07 per cent, Indonesias index by 8.88
cent.
Markets fell more than 3 per cent in Taiwan, Russia and Poland. The European indices, led by Londons FTSE
plunged 4.55 per cent, followed by Paris 4.65 per cent in early trade.
The selling pressure was so strong that even a fall in food inflation to 8.84 per cent for week ended September 1
from 9.47 per cent in the previous week, failed to check the downfall.
Keywords: Sensex, share market, stock market
22-Sep-2011 9:41 AM
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By Adam Samson
Published September 22, 2011 | FOXBusiness
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1,129.56
-37.20
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The selloff was broad: more than a quarter of S&P 500 components touched 52
-week lows. Volatility, as measured by the VIX, spiked 11%. In a sign of the
conviction of the selling, volume was at the highest level since early August.
With global markets and U.S. equities in selloff mode, Treasury prices rallied,
shoving yields down. The yield on the 10-year Treasury sunk to 1.726% from
1.868% -- briefly touching a record low multiple times during the session.
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Overall, the blue chips have shed close to 700 points, or 6.1% in two trading
days. The broader indexes have performed poorly as well: the S&P 500 has
shaved 6.2% and the Nasdaq has lost 6%.
While every major sector was down, materials and energy stocks took the
biggest beating. Mining giant Freeport-McMoRan Copper (FCX: 32.14, -3.45,
-9.69%) was recently nearly 9.7% to the downside, while explorationtechnology firm Schlumberger (SLB: 61.22, -3.93, -6.03%) shed more than
6%.
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The Federal Reserve moved to lengthen the maturity of its balance sheet, an
indirect bid to stimulate the economy, at its meeting that concluded on
Wednesday as was widely anticipated. The $400 billion scope of the "twist"
from short-term to longer-term Treasuries was, however, modestly broader
than many economists had been anticipating, according to a research note
from Goldman Sachs.
However, the Dow plunged 284 points in less than two hours after the decision
that was dubbed "Operation Twist" was announced, in a sign that many market
participants are wary that the central bank won't be able to reinvigorate a
stalling economy.
"A downbeat outlook for the economy combined with the so-called Operation
Twist economic stimulus not going far enough in many peoples eyes," David
http://www.foxbusiness.com/investing/2011/09/22/another-nightmarish-day-ec... 22-Sep-2011
Page 2 of 4
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to 423,000
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growth.
Adding to the malaise on Thursday was data from the euro zone and China pointing to continued
contraction in manufacturing in both major global economies.
"The monetary measures (unveiled by the Fed), along with Obamas fiscal package announced earlier this
month ... could kick-start the economy," Gavan Nolan, director of credit research at Markit, a risk analysis
firm, wrote in a research note.
"But there is a legitimate fear that both monetary and fiscal policy has been too timid and the new
measures will be ineffectual."
Buying Opportunities
While global economic and financial concerns have ruled the day in the past two sessions, some analysts
seeing opportunities for investors amid the tumult.
"This environment calls for investor caution, but not a full abandonment of risky assets," analysts at
Barclays Capital wrote in a note to clients. "Very cheap valuations especially in the sectors that are most
vulnerable to European sovereign debt suggest that there is considerable upside for patient investors,"
referencing stocks that have been slammed because of fears that Europe's debt crisis may deepen.
The euro took a beating in early trading, tumbling 1.1% against the U.S. dollar, while the greenback
leaped nearly 1% against a basket of world currencies.
Commodity Selloff
Energy markets sold off as well as a result of increased fear that a weakening economy will stunt demand
and a considerably stronger dollar. Light, sweet crude fell $5.41, or 6.3%, to $80.51 a barrel. Wholesale
RBOB gasoline dipped 11 cents, or 4%, to $2.56 a gallon.
Gold plunged $66.40, or 3.7%, to $1,742 a troy ounce.
Corporate News
UTX Technologies (UTX: 68.31, -6.56, -8.76%) unveiled plans to acquire airplane-part maker Goodrich
for $16.4 billion in cash -- a 16% premium to Wednesday's closing price and 47% higher than the price
before news initially leaked last Thursday.
FedEx (FDX: 66.58, -5.92, -8.17%) posted quarterly profits that topped Wall Street's estimates by a
penny, but slashed its full-year outlook, sending shares lower.
Honeywell (HON: 41.97, -2.90, -6.46%) said its expects its third-quarter earnings to come in at the high
end of its forecast of 96 cents to $1.01 a share.
Foreign Markets
The English FTSE 100 plunged 4.7% to 5,042 and the German DAX slumped 5% to 5,164.
In Asia, the Japanese Nikkei 225 sunk 2.1% to 8,560 and the Chinese Hang Seng shed 4.9% to 17,912.
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By Adam Samson
Published September 23, 2011 | FOXBusiness
Print
Europe
Asia
DJIA
Share
1 day
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+37.65
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2,483.23
+27.56
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1,136.43
+6.87
830.51
+4.97
FOX 50
Despite only making a modest move on the day, many assets experienced
their worst week in many years. The blue chips tumbled 6.4%, the S&P 500
plunged 6.4% and the Nasdaq slid 5.3%.
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Opinion: Fear Rules
Markets as Concerns of
Global Recession Gain
Momentum
Gold shed close to 10% over the course of the week -- the biggest drop on a
percentage basis in 28 years. Meanwhile, in energy markets, oil tumbled $8.11
per barrel, or 9.22%, to $79.85 over the same period -- the steepest retreat
since May.
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Traders raced into the safety of Treasury bonds; indeed, the yield on the 10year note repeatedly touched record lows, although made a modest comeback
on Friday, sitting at 1.833%.
On Friday, about half of the 30 Dow components were recently in the green -led by Bank of America (BAC: 6.31, +0.25, +4.13%) and Caterpillar (CAT:
73.86, -0.04, -0.05%). Blue chips like Hewlett-Packard (HPQ: 22.32, -0.48, 2.11%) and DuPont (DD: 40.46, -1.19, -2.86%) still faced substantial losses.
Volatility, as measures by the VIX index, was up 0.87% on the day -- a stark
contrast from the big jump on Thursday.
Market participants have been reacting to renewed concerns that the global
economy is careening off course, and that policymakers broadly aren't taking
enough steps to stem the fall. In particular, the euro zone sovereign debt crisis
has been seen as a significant destabilizing factor amid fears a default by a
country like Greece could send shockwaves that could paralyze the financial
system.
The Group of 20 major economies, including the United States, European Union and China, issued a
statement late Thursday saying that it stands committed to "take all necessary actions to preserve the
stability of banking systems and financial markets as required."
http://www.foxbusiness.com/investing/2011/09/23/dismal-week-stocks-metals-... 23-Sep-2011
Page 2 of 3
While European markets pointed higher as a result, they quickly fell back into the red, as did U.S. stock
futures. There is a concern that policymakers' statements have often not translated into action, analysts
say.
"Hopes for some decisive action resulting from this weeks [Group of 20] meeting have helped to calm
some nerves in the second half of the day" in European markets, David Jones, chief market strategist at
IG Index, wrote in a note to clients. However, "markets have been tired of continual talk over drawing a
line under the crisis, but very little in the way of action."
Additionally, the European Commission said Friday that there is no big push to recpitalize European
banks, which goes counter to a report on Thursday by the Financial Times that it would move to aid
struggling mid-tier European banks. The EU has already provided nearly $600 billion in support to the
embattled banking sector there.
Euro zone banks, particularly French ones like BNP Paribas and Credit Agricole, have seen their share
prices plummet over worries that a sovereign default would severely damage their capital position.
Corporate News
Hewlett-Packard (HPQ: 22.32, -0.48, -2.11%) ousted Leo Apotheker as its chief executive, putting former
eBay (EBAY: 32.08, +0.41, +1.29%) CEO Meg Whitman in his place. Apotheker had been strongly
criticized during his time running the computing giant.
Foreign Markets
The English FTSE 100 gained 0.5% to 5,067 and the German DAX rose 0.63% to 5,197.
In Asia, the Chinese Hang Seng fell 1.4% to 17,669 and Japanese markets were closed for a holiday.
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MARKET SNAPSHOT
U.S.
By Adam Samson
Published September 30, 2011 | FOXBusiness
Print
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Recom m end
Europe
DJIA
28
21
Asia
1 day
10,913.38
-240.60
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2,415.40
-65.36
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1,131.42
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849.68
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The Dow Jones Industrial Average dropped 241 points, or 2.2%, to 10,913, the S&P 500 dipped 29 points,
or 2.5%, to 1,131 and the Nadsaq Composite fell 65.4 points, or 2.6%, to 2,415. The FOX 50 fell 19.1
points to 833.
For the quarter,the Dow shed 12.1%, the S&P 500 plummeted 14.3% and the
Nasdaq slid 12.9%.
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Wall Street moved at break-neck speed throughout the entire quarter. Indeed,
the Dow made triple-digit moves in either direction on a regular basis. Traders
were spooked by signs pointing to an economic slowdown, and potentially even
another recession. Meanwhile, a deadlock in Washington, D.C. over raising
the U.S. debt limit nearly sparked a selective default of American debt, and
contributed to Standard & Poor's slashing the U.S.'s pristine triple-A credit
rating.
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At the same time, headlines from Europe reverberated across the Atlantic and
rattled U.S. markets. Of particular concern has been the chance that Greece
may have to default on its debt if it doesn't receive an enormous bailout
package from international lenders, a move that has ignited widespread
political angst across the 17-member euro currency bloc. And many analysts
fear a Greek default could produce shockwaves that put the entire world
financial system in peril.
Of the blue chips, Caterpillar (CAT: 73.84, -1.55, -2.06%), 3M (MMM: 71.79, 2.74, -3.68%) and United Technologies (UTX: 70.36, -2.06, -2.84%)
contributed the most to the Dow's rout. In energy markets, crude oil plunged
17% -- also the worst retreat since the financial crisis. Gold, which was used as
a safe-haven during many of the most intense downturns, was up more than
7% for the quarter, but has recently receded from record highs. Also in a sign
of the tumult, the benchmark 10-year took its biggest loss since the financial
crisis.
Data Deluge
Economic data releases were mixed on Friday, however, the broadly negative
http://www.foxbusiness.com/investing/2011/09/30/doom-street-stocks-wallope... 30-Sep-2011
Page 2 of 4
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trend for the economy still spooked traders. Indeed, in a sign of the fears, the
Treasury yields have fallen sharply: the benchmark 10-year note is presently
yielding 1.9% from 2.001%.
Personal income fell 0.1% in August, the first decline since October 2009, and
weaker than the 0.1% gain economists anticipated. Consumer spending was
up 0.1% for the month, which was in line with expectations.
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Gold climbed $5.00, or 0.31%, to $1,622 a troy ounce. The precious metal is
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Eastman Kodak (EK: 0.70, -0.98, -58.28%) shares plunged 60% amid reports
that the struggling company had hired a restructuring adviser.
Morgan Stanley (MS: 13.51, -1.58, -10.47%) saw its share tumble nearly 10%,
while the costs to insure its debt jumped, amid concerns over its exposure to
European banks.
Foreign Markets
http://www.foxbusiness.com/investing/2011/09/30/doom-street-stocks-wallope... 30-Sep-2011
Page 3 of 4
The Euro Stoxx 50 slid 1.5% to 2,180, the English FTSE 100 fell 1.3% to 5,197 and the German DAX
tumbled 2.4% to 5,402.
In Asia, the Japanese Nikkei 225 slipped 0.01% to 8,700 and the Chinese Hang Seng dipped 2.3% to
17,592.
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Wall Street closed out a strong month with a steep selloff after
reemerging worries over Europe's sovereign debt crisis and the
bankruptcy of MF Global spooked traders, and Japan's move to boost
the yen put strong selling pressure on energy and materials shares.
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The Dow Jones Industrial Average slid 276 points, or 2.3%, to 11,955,
the S&P 500 slumped 31.8 points, or 2.5%, to 1,253 and the Nasdaq
Composite fell 52.7 points, or 1.9%, to 2,684.
Despite Monday's weakness, the markets soared in October. The Dow,
S&P 500 and Nasdaq were all up more than 9% for the month. Indeed,
the blue chips posted their best performance on a percent basis since
2002, and the broader S&P had its best month in twenty years.
The selloff was quite broad on the day, however. Bank of America
(BAC: 6.83, -0.52, -7.07%) and Alcoa (AA: 10.76, -0.81, -7.00%) were
the worst-performing Dow components, but all thirty blue chips ended in
the red. Volatility spiked 17.7%, while the yields on government debt fell
as investors piled into the perceived safe-haven asset. The benchmark
10-year Treasury note yielded 2.143% from 2.243%.
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A stronger dollar, however, is bearish for energy prices that are traded
in dollars, shoving many commodities and commodity-related shares
into the red. The benchmark U.S. crude oil contract fell 38 cents, or
0.42%, to $92.91 a barrel. Still, oil spiked 17.7% for the month -- the
best performance since May 2009.
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Traders were also paying close attention to Europe, where leaders were
still working to solidify a plan to tackle the region's escalating debt crisis.
Last week, euro zone policymakers agreed to a wide-ranging plan that
includes a 50% writedown on Greek debt held by private bondholders,
leveraging of the currency bloc's rescue fund, and recapitalization of
European banks. Markets cheered the news, with the Dow soaring 340
points on the day.
However, questions still remained over the euro zone's ability to actually
implement the plan before it threatens larger global economies like Italy
or Spain.
"After the positive knee-jerk reaction by markets, many now want to see
further details of how the increased bailout fund will be financed," Ben
Critchley, a trader at London-based IG Index wrote in a note to clients.
Global leaders are set to meet in France at the Group of 20 summit at
the end of the week, which is said to be another key milestone for the
now two-year-old sovereign debt crisis.
Foreign Markets
European blue chips tumbled 3.1% to 2,385, the English FTSE 100 fell
2.8% to 5,544 and the German DAX slid 3.2% to 6,141.
In Asia, the Japanese Nikkei 225 fell 0.69% to 8,988 and the Chinese
Hang Seng slumped 0.77% to 19,865.
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http://www.thehindu.com/business/markets/article2588813.ece
Business Markets
Sensex down 224 points on profit-booking, global worries
PTI
PTI Brokers said investors booked profits after a rally last week amid uncertainty over the eurozone debt crisis.
The BSE benchmark index Sensex today fell by 224 points on profit selling, especially in banking auto and realt
stocks, driven by weak global trends after renewed concerns over the European debt crisis.
The 30-share index lost 224.18 points, or 1.27 per cent to close at 17,480.83 points. It had lost 99.79 points in th
previous session.
The wide-based National Stock Exchange Nifty index declined by 68.65 points, or 1.29 per cent to 5,257.95 poin
Brokers said investors booked profits after a rally last week amid uncertainty over the eurozone debt crisis. The
Sensex had risen over 6 per cent last week.
Market leader Reliance Industries fell by 1.96 per cent to Rs. 860.55 and Infosys by 1.32 per cent to Rs. 2,837.20
two scrips have 20 per cent weightage in the Sensex.
Banking stocks fell over fears that hike in savings interest rate would reduce banks profitability and dent the ea
of interest-sensitive industries. The banking sector index lost 1.54 per cent to settle at 11,277.95 points.
The auto sector index suffered the most by 1.98 per cent to 9,289.34 on reports of fall in vehicle sales during the
October month, while realty sector lost 1.87 per cent to 1,883.80 on fears the interest hike might curb home sal
A weakening trend in the Asian region and lower opening in Europe as the announcement of a Greek referendu
spurred concern that the country may default, continued to shadow the trading sentiment.
Keywords: sensex, share markets
01-Nov-2011 9:19 AM
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NEW YORK (CNNMoney) -- New fears about the fate of the European
rescue plan reverberated through stock markets in the United States and
around the world Tuesday.
Markets
US Indexes
Following European markets, U.S. stocks ended sharply lower across the
board. Bank stocks were hit especially hard.
Index
Last
Change
% Change
11,657.96
-297.05
-2.48%
Nasdaq
2,606.96
-77.45
-2.89%
S&P 500
1,218.28
-35.02
-2.79%
2.00
-0.17
Dow
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Treasuries
-8.00%
Data as of 6:36pm ET
symbol
Tuesday afternoon, stocks clawed back from the lowest levels of the day
following a Dow Jones report that said the referendum is "basically dead."
But just minutes before the market close, other news reports said the
referendum will go ahead.
In the end, the Dow Jones industrial average ( INDU) finished 297 points
lower, falling 2.5%, the S&P 500 ( SPX) sank 35 points, or 2.8%, and the
Nasdaq ( COMP) lost 77 points, or 2.9%. Earlier, all three indexes were off
around 3%.
"Beggars can't be choosers and the fact that Greece even thinks they have
a choice in accepting the EU debt deal is beyond logic," said Kathy Lien,
director of currency research at Global Forex Trading, in a note to clients.
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15 yr refi
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01-Nov-2011
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The
referendum
could
alsoword
be Greece's way of warning European officials
Greece
is still
the
that they need better terms that the public will support, or else the deal will
fall apart, added Luschini. Or it could be a "complete policy blunder."
"Investors don't know what the referendum is going to mean, but they're
selling first and will ask questions later," said Luschini. "If Greece ends up
demanding different terms to the deal, European officials will be less willing
to help. And that could put the prospect of a disorderly Greek default back
on the table."
The market's fear gauge, the VIX ( VIX), spiked 19% to 35.60. Any reading
above 30 signals investor worry. Earlier, the index has surged 25%.
Stocks are coming off sharp losses Monday, as questions and doubts arose
regarding the rescue package agreed upon by European leaders last week.
The recent selling puts the S&P 500 and Nasdaq back in negative territory
for the year, while the Dow is up just 0.7% in 2011.
Pfizer ( PFE, Fortune 500) shares rose after the company reported
quarterly earnings that beat Wall Street's estimates. The drugmaker was the
only gainer on the Dow, and among a handful of S&P 500 stocks in positive
territory.
Shares of Baker Hughes ( BHI, Fortune 500) plunged, making it the big
decliner on the S&P 500. The oilfield contractor missed earnings estimates.
MetroPCS ( PCS) shares also fell after the wireless service provider
reported lackluster earnings results.
SEE ALL GALLERIES
Meanwhile, Bank of America said it will drop its planned $5 debit card
usage fee after widespread customer complaints.
World markets: World markets tumbled Tuesday, with banks leading the
decline globally. Germany's DAX ( DAX) lost 5%, Britain's FTSE 100
( UKX) dropped 2.2%, and France's CAC 40 ( CAC40) tumbled 5.4%
Societe Generale, BNP Paribas, and Credit Agricole shed between 12% and
17% in Paris. In Germany, shares of Deutsche Bank ( DB) dropped 8%.
Asian markets ended mostly in the red, after a report showed China's
manufacturing activity slowed in September. The Shanghai Composite
( SHCOMP) was flat, while the Hang Seng ( HSI) in Hong Kong fell
2.5% and Japan's Nikkei ( N225) shed 1.7%.
Economy: The ISM index show manufacturing activity barely expanded in
October, coming in at 50.8. Any level above 50 indicates growth in the
sector. But the reading fell from September and came in below expectations.
Construction spending edged up 0.2% in September, down from a 1.6%
pickup in August. Economists were expecting spending to rise 0.3%.
Auto sales figures will be coming out throughout the day.
http://money.cnn.com/2011/11/01/markets/markets_newyork/index.htm
01-Nov-2011
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S&P 500 is
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Change / % Change
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1M
As of 11/01/2011 4:33PM ET
Financial markets globally slump after Greece talks about holding a referendum on its debt
bailout. Bank stocks sag; Bank of America junks its debit-card fee. Commodities tumble after
the failure of MF Global. GM's October sales miss estimates.
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Guardian newspaper reported, causing more turmoil across the continent. He faces a vote of confidence on Friday.
Adding to the market's stress today were October sales reports that missed estimates from General Motors (GM 9.75%) and Ford Motor (F -5.14%), as well as slumping commodity markets in the wake of MF Global's bankruptcy
filing on Monday. Gold (-GC) briefly dropped below $1,700 an ounce; crude oil (-CL) in New York fell to as low as
$89.17 a barrel.
The Dow closed down 297 points, or 2.5%, to 11,658; the blue chips had been down as many as 321 points. The
Standard & Poor's 500 Index ($INX -2.79%) was off 35 points, or 2.8%, to 1,218, and the Nasdaq Composite Index
($COMPX -2.89%) had fallen 77 points, or 2.9%, to 2,607.
NASDAQ
2,606.96
-77.45
-2.89
S&P
1,218.28
-35.02
-2.79
Russell
2000
713.89
-27.17
-3.67
The Dow has fallen 4.7% in two days of trading, with the S&P 500 off 5.2% and the Nasdaq down 4.8%. The two-day
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markets and in the nutritional products and animal health businesses it plans to divest.
Euro/Dollar
The drugmaker raised its full-year 2011 profit forecast to $2.24 to $2.29 a share after one-time charges. It also
reaffirmed its projection of $2.25 to $2.29 a share in earnings for 2012. That's even after ceding sales from its $10
Pound/Dollar
billion-a-year Lipitor cholesterol fighter once cheaper generics begin flooding U.S. pharmacies on Nov. 30.
Dollar/Yen
1.59617
+0.00076
+0.05
78.55460
+0.18459
+0.24
http://money.msn.com/market-news/post.aspx?post=9a13c7aa-bebc-4898-85...
01-Nov-2011
Meanwhile, only 20 S&P 500 stocks were higher, led by online travel site Expedia (EXPE), up 4.3% to $27.38.
All 10 sectors of the S&P 500 were lower. The best performers, relatively speaking, were utility stocks, a reflection of
Page 2 of 6
their ability to pay dividends. Financial, energy and industrial stocks were the market's weakest sectors.
TOP STOCKS
Tues.
Mon.
Month chg.
YTD chg.
$92.19
$93.19
-1.07%
0.89%
(per barrel)
Heating oil (-HO)
19.43%
-14.17%
6.98%
15.10%
11.88%
(per gallon)
Natural gas (-NG)
(per barrel)
Retail gasoline
DELISH
The most distinctive drivethrus
Gold, meanwhile, settled down $13.40 to $1,711.80 an ounce after falling to as low as $1,681.20 an ounce. Silver (SI) settled down $1.623, or 4.7%, to $32.266 an ounce. Copper (-HG) dropped 13 cents to $3.5025 a pound.
Light sweet crude oil in New York settled down $1, or 1.1%, to $92.19 a barrel, a bit of an improvement over this
morning when it hit $89.17. Brent, the benchmark North Sea crude, was down $2.85 to $106.71. The spread between
U.S. crude and Brent has shrunk from more than $25 a barrel two weeks ago to less than $15.
Papandreou repeated his vow to hold the referendum. (He also replaced the top brass in Greece's armed forces.)
"We expect the crisis to build," Capital Economics, a British consulting firm, wrote today, "prompting a prolonged
recession in the eurozone, further turmoil in the markets and, at some point, the end of the euro itself in its current
form."
The more cynical view is this: Greece can't afford the rescue plan. It's in the midst of a major recession. And the only
real solution may be to junk the euro as its currency and work through its problems with a lower-valued currency.
The practical effect of the problem, however, has been to batter financial stocks in Europe and the United States.
Societe Generale (SCGLY), the big French bank, was trading down 14.5% to $4.96 in New York. BNP Paribas
(BNPQY) was off 12% to $19.71. Deutsche Bank (DB) was off 7% to $38.50.
JPMorgan Chase (JPM) was down 5.9% to $32.71. Citigroup (C) was off 7.7% to $29.17.
It should be noted that Bank of America (BAC) ended its plan to charge customers $5 a month for using their debit
cards. Shares were down 6.3% to $6.40.
Auto sales not as robust as hoped
Toyota Motor (TM) and Honda Motor (HMC) reported U.S. sales declines for October, when they pledged to record
their first increases since April. General Motors and Ford Motor said their deliveries rose less than analysts estimates.
Toyota said sales slid 7.9% to 134,046, while Honda deliveries slipped 0.5% to 98,333, according to separate emailed statements. GM sales rose 1.7% to 186,895 and Ford light-vehicle deliveries gained 6.2% to 167,502, falling
short of estimates by analysts who projected at least 6.6% increases for each.
Total deliveries for the month increased 7.5% to 950,165. The closely watched seasonally adjusted annual sales rate
rose to 13.2 million units, up 8% from a year ago and in line with the consensus estimate. There had been hopes the
http://money.msn.com/market-news/post.aspx?post=9a13c7aa-bebc-4898-85...
01-Nov-2011
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2011 Microsoft
Mon.
Treasury yields
13-week Treasury bill
0.0200%
0.010%
100.00%
-83.33%
0.909%
1.011%
-10.09%
-54.91%
2.001%
2.175%
-8.00%
-39.46%
3.199%
-5.85%
-30.95%
Currencies
U.S. Dollar Index
77.39
76.306
1.42%
-2.39%
British pound
1.5980
1.6090
-0.66%
2.40%
(in U.S. $)
U.S. $ in pounds
0.626
0.622
0.66%
-2.34%
Euro in dollars
$1.37
$1.39
-0.99%
2.55%
U.S. $ in euros
0.729
0.721
1.00%
-2.49%
U.S. $ in yen
78.38
78.14
-0.07%
-3.67%
U.S. $ in Chinese
6.38
6.35
0.00%
-3.61%
$0.984
$1.001
-1.71%
-1.97%
$1.017
$0.999
1.67%
1.93%
(in U.S. $)
yuan
Canada dollar
(in U.S. $)
U.S. dollar
(in Canadian $)
Commodities
Gold (-GC)
20.43%
$3.503
$3.632
-3.57%
-21.24%
$32.7310
$34.3540
-4.72%
5.80%
$6.3000
$6.2825
0.28%
-20.68%
$6.5425
$6.47
1.12%
5.10%
$0.9954
1.0229
-2.69%
-31.26%
$2.2730
2.304
-1.35%
-5.49%
$92.19
$93.19
-1.07%
0.89%
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slew of MF Global developments ignited a dramatic selloff on Wall Street that left the blue chips close to 600 points
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Wall Street has been fixated on developments from across the Atlantic
for months as the euro zone's sovereign debt crisis has spread, posing
an increased risk to the global financial system, and threatening to tip
the region's economy back into a recession.
The selling was ferocious enough on the day to knock the broad S&P
500 and Nasdaq into the red for the year and significantly trim the Dow's
gain. Volatility spiked 32%, while the yields on U.S. government debt
tumbled as fears mounted. The benchmark 10-year Treasury note
yields 1.969% from 2.084%.
Every major sector was in the red, but financial stocks took the biggest
beating by a wide margin. Indeed, Bank of America (BAC: 6.16, -0.37,
-5.67%) and JPMorgan Chase (JPM: 32.54, -2.48, -7.08%) were the
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Italy, with its public debt of roughly $2.6 trillion, or 120% of its total
economic output, has become the latest focus. The yield on the
country's debt has ballooned since the summer and the benchmark 10year note hit a fresh euro-era high of 7.495% on Wednesday, according
to an analysis by FOX Business, as traders have fled out of fear that the
value of the debt will continue declining, and that the country may not be
able to honor its commitments. Greece, Portugal and Ireland, much
smaller economies with smaller absolute levels of debt, needed
international bailouts when their debt yields topped 7%.
The problem for Italy is twofold. The higher the yield it needs to pay, the
more expensive it becomes for the embattled nation to refinance its debt
years down the line, increasing its overall debt level. Second, as yields
climb and prices tumble, traders become more wary of purchasing the
debt, and Italy could have trouble finding sufficient levels of lending on
the private market, meaning it would need international support to
refinance.
The country has begun putting in place economic reforms to cut back its
debt level, but it isn't clear whether those reforms will be sufficient to cut
down the debt, or convince the markets that it is on a sustainable path.
Italy's Prime Minister Silvio Berlusconi agreed to resign on Tuesday
after a budget vote that is expected to be held next week, which market
participants initially hoped would pave the way for reforms to pass
through parliament, but the situation has become murkier. It isn't certain
who will take over the country, and if that person, or group, will be able
to get the reforms passed.
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The Hindu : Business News : Sensex drops over 200 points on ratings con...
1 of 1
http://www.thehindu.com/business/article2611832.ece
Business
Sensex drops over 200 points on ratings concerns
PTI
The Hindu Employees at a stock broker's office in Mumbai. File Photo: Vivek Bendre
In a choppy trade, the BSE benchmark index Sensex on Wednesday dropped by 207 points on selling by funds,
specially in banking, realty and oil stocks, after ratings agency Moodys lowered outlook on the banking system
After a higher start at 17,658.34, the 30-share index dropped by 207.43 points to close at 17,362.10 points with
scrips ending with losses.
After climbing to 5,317.50, the broad-based National Stock Exchange Nifty fell by 68.30 points to 5,221.05 poin
The banking sector stocks suffered the most as Moodys Investor Service downgraded its outlook for Indias ba
system to negative from stable, as it warned of slowing growth at home and overseas hitting asset quality,
capitalisation and profitability.
The countrys largest lender SBI plunged over 6 per cent on concerns over its asset quality and growing
non-performing assets. The SBI today posted 12.35 per cent rise in standalone net profit for July-September qu
Other major contributor to the fall were RIL, ICICI Bank, HDFC Bank, Maruti Suzuki, Mahindra and Mahindra
BHEL, DLF, Cipla, Sterlite Industries, Tata Motors and Tata Steel.
The banking index suffered the most by losing 2.62 per cent to 11,020.96 followed by metal sector index by 2.50
cent to 11,538.79.
Realty index fell by 2.48 per cent to 1,851.05 and Oil and gas index by 2.25 per cent to 8,841.08.
The market sentiment further dampened as Europes sovereign-debt crisis stirred political drama across the re
Keywords: sensex, Moody's rating, Indian banks
09-Nov-2011 10:46 PM
Wall Street Burned as Europe's Debt Crisis Boils Over | Fox Business
2 of 6
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Wall Street Burned as Europe's Debt Crisis Boils Over | Fox Business
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17-Nov-2011 5:06 AM
1 of 1
http://www.thehindu.com/business/markets/article2629895.ece
Business Markets
Sensex dips below 17000-mark
PTI
The Bombay Stock Exchange benchmark Sensex dipped below the 17,000 mark after three weeks, losing 236 po
on sustained selling amid concerns over weak corporate earnings and subdued global markets.
The Sensex, which had lost over 450 points in the previous three sessions, fell further by 236.07 points, or 1.38
cent to 16,882.67. The gauge fell below the 17,000 level after October 24.
On the similar lines, the broad-based NSE index Nifty slipped below the 5,100 mark, losing 79.85 points or 1.55
cent to 5,068.50.
A weak trend in the Asian region and lower openings in Europe due to lingering doubts over the euro-zone deb
crisis dampened the trading sentiment.
Brokers said below-expectation quarterly earnings by some leading companies and fears of high inflation keepi
interest rates high remained major investor issues.
The decline was led by financial and interest sensitive stocks such as realty, auto and capital goods.
Two most heaviest counters, with 20 per cent weight on the Sensex Reliance Industries and Infosys fell sh
on brisk selling. RIL tumbled 1.42 per cent and Infosys by 0.57 per cent.
Other losers included Bajaj Auto, DLF, HeroMotorCo, ICICI Bank, L&T, M&M, Maruti, SBI, Tata Steel and BH
The realty sector index suffered the most by losing 5.22 per cent to 1,671.28, followed by capital goods index by
per cent to 10,208.85. Banking index lost 2.02 per cent to 10,436.22 and auto index by 1.65 per cent to 8,808.55
Keywords: Sensex, BSE, Nifty, NSE
17-Nov-2011 5:10 AM
1 of 1
http://www.thehindu.com/business/markets/article2632364.ece
Business Markets
Sensex down 107 points
PTI
The Hindu Stock brokers in Mumbai track the market. File photo
The Bombay Stock Exchange benchmark Sensex on Wednesday fell for the fifth straight session, losing 107 poin
amid weak corporate earnings and a roll-back in petrol pries, while a firm trend in European equities restricted
losses.
Capital goods, power and refinery stocks led the fall.
The Sensex, which had dropped 686 points in last four trading sessions, fell another 106.80 points to 16,775.87
after touching days low of 16,641.65. Intra-day, it touched a high of 16,878.30.
The capital goods segment was the major loser as biggest power-equipment maker BHEL fell after data showed
it missed capacity-addition targets.
Refiners led by Sensex heaviest Reliance Industries following government decision to reduce gasoline prices, ra
fears of a dent in their revenues.
The broad-based NSE index Nifty fell 38.05 points to 5,030.45, after dipping to 4,989.50 in early stage.
However, the falling trend was cushioned on gains as the cut in petrol prices might check falling the vehicle sale
M&M rose 1.89 per cent, Tata Motors by 0.47 per cent and Bajaj Auto by 0.78 per cent.
Of the 30 BSE stocks, 19 declined while 11 ended in the positive zone. The capital goods sector suffered the mos
down 3.88 per cent, followed by power index by 2.02 per cent.
The oil and gas index lost 1.27 per cent.
Keywords: sensex, markets, BSE
17-Nov-2011 5:11 AM
The Hindu : Business / Markets : Sensex tumbles 314 points to hit 6-week low
1 of 1
http://www.thehindu.com/business/markets/article2635943.ece
Business Markets
Sensex tumbles 314 points to hit 6-week low
PTI
The Bombay Stock Exchange benchmark on Thursday touched a 6-week low as it fell 314 points on selling in
blue-chips, triggered by Reliance Industries, amid a string of dampeners like below-expected corporate earning
and weak trend in global markets.
The Sensex, which had lost 793 points in the last five sessions, dropped further by 314.16 points to 16,461.71,
reaching a level last seen on October 7.
The heaviest on the Sensex Reliance Industries tumbled by 4.51 per cent as funds reduced their holding am
reduction in fuel prices.
A weak trend in the Asian region and lower opening in Europe on concerns over the persisting euro-zone debt c
worsened the sentiment.
The National Stock Exchange index Nifty dipped below the 5,000 mark, losing 95.70 points to 4,934.75.
Brokers said trading sentiment was low as quarterly earnings by many frontline companies have come under
pressure on account of high interest rates and input costs.
Besides, they added, Fitch has warned that it might reduce its stable rating outlook for US banks with large c
markets businesses because of fears of contagion effect from European crisis.
The oil and gas sector index suffered the most by losing 3.39 points to 8,298.32, followed by power index by 2.8
cent to 1,988.09. The metal index fell by 2.48 per cent to 10,571.16 and realty index by 2.40 per cent to 1,633.10.
Of the 30 Sensex stocks, 27 closed with losses while three ended higher.
Keywords: Sensex, BSE, Nifty, NSE
17-Nov-2011 9:22 AM
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After sustaining powerful selloffs in the past two sessions, trading was
relatively calm on Friday. Still, the broad S&P 500 slid 3.8%, the
Nasdaq tumbled 4% and the Dow shed 2.9% for the week. The Nasdaq
and S&P are also now down for the year, while the blue chips are still in
positive territory.
On the day, Hewlett-Packard (HPQ: 27.99, +0.70, +2.56%) and
Boeing (BA: 67.46, +1.37, +2.07%) jumped more than 2%, while sliding
Chevron (CVX: 97.88, -2.20, -2.20%) and Microsoft (MSFT: 25.30, 0.24, -0.94%) proved to be a counterbalance.
25.30
-0.24
97.88
-2.20
http://www.foxbusiness.com/markets/2011/11/18/hopes-europe-will-take-actio...
When It Comes to
Mortgages, Women
Don't Shop Enough
19-Nov-2011
Page 2 of 4
Europe is Crumbling,
One Crisis at a Time
Show More
Sponsored Links
Still, the central bank purchased Spanish and Italian debt in a bid to
keep yields under control, according to media reports. Both of those
countries are facing borrowing costs that are close to the levels Greece,
Ireland and Portugal had before requiring bailouts.
The euro jumped 0.35% to $1.351 on the news as traders hoped
Europe would take further steps to ease the crisis, falling from earlier
highs. Meanwhile, the U.S. dollar slumped 0.42% against a basket of
six world currencies.
Global policymakers, along with market participants, have been
concerned that the sovereign debt crisis that began in relatively small
economies with high public debt is beginning to materially affect much
larger ones by pushing up borrowing costs, which creates a perilous
feedback loop that increases the country's debt burden.
"Contagion has now happened," Louise Cooper, a senior analyst at
London-based BGC Partners said in an interview with FOX Business,
citing officials' inability to put a "firewall" around countries like Greece.
European blue chips were down 0.27%, shedding earlier losses.
Traders have also been paying close attention to energy markets,
where crude oil prices have been hovering about the $100 a barrel mark
for the first time in months.
The benchmark oil contract traded in New York skidded $1.41, or 1.4%,
to $97.41 a barrel. Wholesale RBOB gasoline slid 3 cents, or 1.1%, to
$2.47 a gallon.
http://www.foxbusiness.com/markets/2011/11/18/hopes-europe-will-take-actio...
19-Nov-2011
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19-Nov-2011
The Hindu : Business News : Sensex falls 7th session in a row; down 90 ...
1 of 1
http://www.thehindu.com/business/article2639257.ece
Business
Sensex falls 7th session in a row; down 90 points
PTI
The Bombay Stock Exchange benchmark Sensex on Friday fell over 90 points, down for the seventh session in a
on continuing investor worries over slowing domestic growth and persistent euro zone debt crisis.
The Sensex, which had lost 1,107 points in last six sessions, fell further by 90.20 points, or 0.55 per cent to 16,3
Intra-day, it had lost 1.6 per cent before recovering some ground.
Similarly, the National Stock Exchange index Nifty fell 28.95 points, or 0.59 per cent to 4,905.80, after touchin
days low of 4,837.95.
Realty, FMCG, metal and auto sectors faced strong selling pressure amid slow growth and high interest rate
concerns.
Brokers said the benchmark dropped nearly 20 per cent this year and remained the worst performer among As
markets on heavy foreign funds outflow.
They said several stocks closed at 52-week lows.
A weak trend in the Asia and lower openings in Europe on deepening euro zone debt crisis further hit market
sentiment.
Weakening of the Indian rupee fell below Rs 51 per dollar but it did not lift the stocks of IT software services
exporters such as TCS and Infosys, which get more than half of their revenue from the U.S. and Europe.
The IT sector index fell 9.70 per cent to 5,614.13.
Of the 30 Sensex stocks, 18 closed with losses, while 12 ended in the positive zone.
Keywords: sensex, closing trade, BSE
19-Nov-2011 9:02 AM
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A failure of the committee to enact the legislation will trigger $1.2 trillion
in Federal spending cuts that mostly take effect in 2013. Economists
say these cuts may be a substantial drag on the world's biggest
economy starting in that year, but the more immediate concern may be
to already jittery global financial markets that fear the political gridlock
will prompt another downgrade of American debt. Standard & Poor's
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did not come as a complete surprise, many market participants say: The
"only surprising aspect to the selloff is that it hadnt already been
completely discounted," Ameriprise Chief Market Strategist David Joy
wrote in an e-mail.
Wall Street posted its worst weekly performance in nearly two months
last week, with the Dow shedding close to 3%, and the broader S&P
500 and Nasdaq tumbling nearly 4%.
Trustee: MF Global
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Business Markets
Sensex tanks 425 points
Special Correspondent
The Hindu Stockbrokers react as they monitor share prices at a brokerage firm in Mumbai. File photo
The Bombay stock Exchange (BSE) 30-share index, Sensex, dipped by 425.41 points to close below the 16000-m
on Monday due to a host of issues, including the European debt problems and the unresolved U.S. debt issue.
The Sensex closed at 15946.10 a fall of 2.60 per cent. Metal stocks led the fall with 3.46 per cent followed by ban
shares at 3.24 per cent. The broad-based National Stock Exchange's 50-share Nifty fell by over 125 points to 47
This was the eighth consecutive day of fall for the equities.
Markets began on a weak note on subdued global cues. However, selling gained momentum progressively
throughout the day. Key European markets were also trading lower by around 2 per cent, which added to the ov
selling pressure. There were also reports that the U.S. super committee has not been able to arrive at a consens
the deficit cutting plan, which made markets nervous. Further, the fall in India's GDP (gross domestic product)
growth is a major concern for investors in Indian equities. Bank of America Merrill Lynch has cut its India GDP
growth estimate for 2012-13 by 30 basis points to 7.2 per cent.
The sell-off was broad-based and the market breadth was highly negative. Among sectoral indices, metals, bank
realty and power utilities lost heavily. Among individual heavyweights, Bharti Airtel (on reports of CBI raids on
offices) and Reliance Industries were down 2 per cent each, said Dipen Shah, Head-Fundamental Research, Ko
Securities. In the next couple of days, focus will shift to the U.S., wherein the Super Committee' has to come up
a solution on deficit reduction by November 23 (Wednesday). If an acceptable decision is not reached, it may h
far-reaching consequences on the U.S. ratings.
PTI reports:
The Sensex has lost 1623.43 points or 9.24 per cent in eight straight sessions, destroying nearly Rs. 5.50 lakh cr
worth of investor wealth in the process.
Domestically, below-expected corporate earnings posted for the second quarter, high interest rate regime to co
inflation and lack of major policy initiatives have affected sentiment.
Keywords: BSE, NSE, Sensex, Nifty, euro zone crisis
21-Nov-2011 12:34 PM
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Wall Street has been fixated on the euro zone debt crisis,
which is increasingly becoming a global debacle. Indeed, the
broad S&P 500 fell for its sixth-straight day on Wednesday in a
sign that investors are growing wary of the rapid contagion.
(Daily Finance)
Germany,
France Clas
Over ECB's
Role in Euro
Crisis
World Stock
Fall Amid
Economic, E
Worries
Stocks Cap
Volatile Trad
Session in t
Red
Show M
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23-Nov-2011 4:36 PM
The Hindu : Business News : Sensex dips to over 2-year low; down 365 p...
1 of 1
http://www.thehindu.com/business/article2652754.ece
Business
Sensex dips to over 2-year low; down 365 points on fund outflow
PTI
PTI The 30-share barometer, which opened 220 points lower, Sensex, fell 365.45 points to 15,699.97, a level seen on Novemb
2009. File photo
The Bombay Stock Exchange benchmark Sensex on Wednesday dropped to more than two-year low, down 365
points, as investors squared positions ahead of the monthly settlement in derivative contracts amid heavy fund
outflows and weak global markets.
Sensex, which gained 119 points on Tuesday, fell 365.45 points to 15,699.97 level seen on November 3, 2009.
had touched a low of 15,478.69 before the partial recovery. Before Tuesdays gain, the market had lost nearly 10
cent in eight straight sessions.
The broad-based National Stock Exchange index Nifty tumbled 105.90 to 4,706.45, after touching 4,640.95.
Brokers said investors sold heavily while clearing pending positions ahead Thursdays settlement in this month
derivative contracts and weak cues from Asian and European equities markets.
IT, industrial and financial stocks led the slide on weak global trend as the U.S. economy expanded at a rate bel
market expectations during the third quarter, they added.
The overall market fall was cushioned somewhat as shares of telecom operator RCom and real estate firms DB
Realty and Unitech recovered after the Supreme Court granted bail to their executives in the 2G spectrum case.
Keywords: BSE, NSE
23-Nov-2011 8:10 AM
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been a rocky trading month. Wholesale RBOB gasoline dipped
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headwinds from the debt crisis. The Ifo institute expects the
country's economy to grow at 0.4% next year, or even slower if
the debt crisis gets worse, which is half the pace it forecast in
October.
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On the economic front, import prices climbed for the first time
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import petroleum prices. Overall, import prices rose 0.7%, a
smaller gain than the 0.9% increase economists expected,
while export prices gained 0.1%, also slimmer than the 0.3%
forecast. As compared to last year, import prices have soared
9.9%, while export prices have risen 4.7%.
Investors bought U.S. Treasuries, knocking yields lower. The
benchmark 10-year note yields 1.908% from 1.969%.
Foreign Markets
European blue chips fell 2.4%, the English FTSE 100 dipped
2.3% to 5,367 and the German DAX fell 1.7% to 5,675.
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http://www.thehindu.com/business/markets/article2716746.ece
Business Markets
Sensex tumbles by 223 points to three-week intra-day low
PTI
The Hindu A stock broker reacts at a brokerage firm in Mumbai. File photo
The BSE benchmark Sensex tumbled by 223 points to a nearly three-week intra-day low of 15,658.16 in early tra
on Thursday due to persistent selling pressure amid sustained foreign fund capital outflows and weak Asian cu
The 30-share Sensex resumed lower at 15,739.05 and hovered in a range between 15,795.84 and 15,655.64 befor
quoting at 15,658.16 at 1015 hours, a net loss of 222.98 points, or 1.40 per cent, from its previous close.
The NSEs 50-share Nifty index was also down by 62.65 points, or 1.32 per cent, to 4,700.60 at 1015 hours.
Metal stocks declined after data showed that Chinese manufacturing activity continued to contract in Decembe
2011, with Sterlite Industries, Hindustan Copper, Steel Authority of India (Sail) and JSW Steel hitting 52-week
The major losers in early trade were Bharti Airtel (down 3.97 per cent), Hindalco Industries (3.69 per cent), Ma
(3.47 per cent), Larsen (3.06 per cent), BHEL (2.94 per cent) and Sterlite Industries (2.88 per cent).
Foreign institutional investors (FIIs) sold shares worth Rs 140.13 crore yesterday, as per provisional data from
stock exchanges.
Asian stocks fell for a third day today as the latest data on manufacturing activity in China and Japan highlight
weak conditions in Asias two largest economies even as growing funding stress in Italy stoked concerns that Eu
is losing its fight to contain the debt crisis.
The key benchmark indices in China, Hong Kong, Indonesia, Japan, Singapore, South Korea and Taiwan were
by between 1.03 per cent and 1.84 per cent.
Keywords: BSE, NSE, Sensex, Nifty, Rupee value
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http://www.thehindu.com/business/markets/article2720713.ece
Business Markets
Sensex tumbles to two-year low despite RBIs pause in rate hike
PTI
PTI Marketmen said investors were expecting RBI to lower it from 6 per cent to infuse liquidity in the market. File photo
Erasing initial gains, the Bombay Stock Exchange benchmark Sensex today fell to 2-year low, losing 345 points
RBI expressed concerns over growth but did not ease liquidity, although it paused lending rate hike.
Initially, Sensex gained nearly 150 points but fell sharply to end with a loss of 345.12 points, or 2.18 per cent to
15,491.35, a closing levels last seen on November 3, 2009.
Similarly, the broad-based National Stock Exchange index Nifty lost 92.75 points to 4,651.60.
The last hour selling followed the Reserve Banks raising flag on growth concerns, but left Cash Reserve Ratio (C
unchanged. Marketmen said investors were expecting RBI to lower it from 6 per cent to infuse liquidity in the
market.
Growth is clearly decelerating. This reflects the combined impact of several factors the uncertain global
environment, the cumulative impact of past monetary policy tightening and domestic policy uncertainties, the
said in monetary policy review.
After raising lending rates 13 times since March 2010 to tame inflation, RBI finally put a pause on the hike whic
was a market positive, they added.
Reliance Industries, Sensex heavyweight, lost 3.43 per cent and L&T, 5.33 per cent. State Bank of India was dow
3.67 per cent and Sterlite Industries, 4.28 per cent.
Others losers included BHEL, Coal India, DLF, HDFC Bank, Hero MotoCorp, ICICI Bank, TCS, Tata Steel and
Power.
All the 13 sectoral indices ended with losses of up to 4.36 per cent, while 27 of the 30 Sensex stocks closed with
losses.
Keywords: share markets, stock markets
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16-Dec-2011 9:12 AM
The Hindu : Business News : Sensex down 204 points on weak rupee, glo...
1 of 1
http://www.thehindu.com/business/article2731933.ece
Business
Sensex down 204 points on weak rupee, global cues
PTI
PTI Sensex fell for the fifth straight day to touch a new 28-month low.
The Bombay Stock Exchange benchmark Sensex on Tuesday fell for the fifth straight day to touch a new 28-mo
low by losing 204 points on sustained selling by funds amid slowing economic growth and weakening rupee.
The BSE 30-scrip index, which had lost over 623 points in last four sessions, fell another 204.26 points or 1.33
cent to 15,175.08, the level last seen on August 20, 2009.
The broad-based NSE index Nifty fell 68.90 points or 1.49 per cent to 4,544.20.
The downtrend was led by index heavyweights RIL, Infosys as well as stocks of capital goods, metals and realty
Reliance Industries lost 3.03 per cent and Infosys 0.25 per cent.
Brokers said investors were concerned over the slowdown in the economy and the falling rupee, which has decl
to Rs 53.03 per US dollar from Rs 45 a few months ago, making imports costly.
Globally, the markets were mixed.
L&T dropped 5.14 per cent to its lowest close since May 15, 2009. Tata Motors was down 2.79 per cent, Jaiprak
Associates fell 7.26 per cent and Tata Steel by 5.27 per cent.
The capital goods sector suffered the most by falling 3.50 per cent to 7,848.99, followed by the metals index 3
per cent to 9,275.13. The realty index fell 2.71 per cent to 1,367.39.
Keywords: Bombay Stock Exchange
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http://www.thehindu.com/business/markets/article2754709.ece
Business Markets
Sensex slips 146 points
PTI
Continuing its year-end downslide for the second day in a row, the stock market today lost further ground with
146-point fall in the barometer Sensex amid weakness in blue-chips like RIL, ICICI Bank and SBI.
The 30-share benchmark index settled with a 146.10 points or about 0.92 per cent fall at 15,727.85 points.
The National Stock Exchanges 50-share Nifty index also dropped 0.94 per cent or 44.70 points to close at 4705
Among the heavyweights, ICICI Bank, Reliance Industries Ltd (RIL), ITC, SBI and HDFC were among the majo
losers, even as IT giant Infosys and publicsector majors NTPC and BHEL managed to buck the trend and
registered gains.
Among the 30 Sensex stocks, Jindal Steel was the biggest loser with a fall of over 7 per cent, while ICICI Bank fe
about 4 per cent.
SBI, Wipro, M&M and Hindalco lost over two per cent each, while RIL was down 1.95 per cent.
Stocks said that banking stocks are being hit on concerns that the bad loans might be increasing due to slowdow
the economic growth.
The stocks that managed to gain ground in a weak market also included Tata Power, Cipla, DLF and Coal India
Among the sectoral indices, metal, banking, energy, auto and FMCG segments were among the worst-hit, while
indices for power and capital goods sectors were the only two gainers.
The stock market has been trading mostly with a downward bias so far in December, although the last month o
year has traditionally been a strong period.
Keywords: sensex, BSE, closing trade
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The Hindu : Business / Markets : Sensex extends losses, down 72 points i...
1 of 1
http://www.thehindu.com/business/markets/article2757132.ece
Business Markets
Sensex extends losses, down 72 points in opening trade
PTI
The BSE benchmark Sensex extended its losses for the third consecutive session on Thursday losing over 72 po
in opening trade on sustained selling by funds amid a weakening trend on other Asian bourses.
The 30-share Sensex, which has lost almost 243 points in the past two trading sessions, fell further by 72.57 po
or 0.46 per cent, to 15,655.28 in the first five minutes of trade today.
In a similar fashion, the wide-based National Stock Exchange Nifty index declined by 19.20 points, or 0.41 per
to 4,686.60. Banking, IT, metal and realty stocks led the fall.
Brokers said sustained selling by funds amid a weakening trend on other Asian bourses in tandem with overnig
losses in the US mainly influenced the trading sentiment.
In the Asia region, Hong Kongs Hang Seng index fell by by 1.21 per cent and Japans Nikkei index by 0.73 per c
in morning trade today. The US Dow Jones Industrial Average ended 1.14 per cent lower in Wednesdays trade.
Keywords: Sensex opening trade
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29-Dec-2011 5:37 PM
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http://news.yahoo.com/biggest-drop-dow-us-market-slumps-160406078.html
Stocks suffered their biggest losses of the year Tuesday as a sell-off spread west from Europe ahead of a critical deadline in
the Greek debt crisis. The Dow Jones industrial average fell more than 200 points.
The Dow has not closed down more than 100 points this year, and its biggest one-day decline had been 159 points, on Jan.
13. It fell sharply from the opening bell Tuesday and was down as much as 208.
Just before 1 p.m. EST, the Dow was down 199 points, or 1.5 percent, at 12,763. The Standard & Poor's 500 index was down
20 points at 1,344, and the Nasdaq composite index was down 43 points at 2,908.
Stocks fell more than 3 percent in Germany, Spain and France, and 1.9 percent in Britain. Thursday is the deadline for
private investors to sign up to swap their Greek government bonds for replacements with a lower face value and interest
rate.
Major banks and investment funds have signed on for the swap, but it remains unclear whether hedge funds, which had
already bought the bonds at a steep discount and may profit from bond insurance payouts if Greece defaults, will agree.
The swap is vital for Greece to cut its debt and get a bailout of 130 billion, or $172 billion, from other countries and the
International Monetary Fund. Without the bailout, Greece could default on its debt later this month and rattle markets
around the world.
In the U.S., worries about Greece come on top of concerns about a recession in Europe and slowing economic growth in
China. Some investors also believe the rally in U.S. stocks this year the Standard & Poor's 500 is up almost 7 percent
has come too far too fast.
The Dow has not closed down 100 points in 45 straight trading sessions, the longest streak since 2006. On Tuesday, all but
one of the 30 stocks that make up the average, Kraft Foods, declined as the Dow appeared ready to break the streak.
Caterpillar, which makes heavy equipment and depends heavily on China for profits, fell 4.2 percent, the worst of the Dow
30. All 10 industry groups in the S&P 500 were lower, with materials stocks and banks leading the decline.
Bill Stone, chief investment strategist for PNC Wealth Management, called Tuesday's decline "fairly rational," considering
how much the market has climbed and the economic worries in Greece and the rest of Europe.
"You need the pullback to give people opportunities to want to get involved again," Stone said.
Oil prices slipped $1.71 to $105.01 per barrel on the New York Mercantile Exchange. New York crude has risen from $96
last month amid fears of a disruption in global oil supplies driven by the potential for military conflict with Iran.
The price of gold fell $36 per ounce, or 2.1 percent, to $1,668 per ounce. Silver, platinum and copper all fell more than 2
percent, because of concerns about Europe and weaker economic demand in China.
"Global growth fears now are hitting home, and we're seeing selling across the board," said Matt Zeman, a market analyst
for Kingsview Financial.
Yields on U.S. government debt also fell as investors moved their money into what they perceive to be a safer asset. The
yield on the benchmark 10-year Treasury note fell to 1.94 percent from 2.01 percent late Monday. Bond yields fall when
their prices rise.
19-Apr-2012 7:26 PM
2 of 2
http://news.yahoo.com/biggest-drop-dow-us-market-slumps-160406078.html
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Copyright 2012 Yahoo! Inc. All rights reserved. | Yahoo! - ABC News Network | /
19-Apr-2012 7:26 PM
Page 1 of 2
NEW YORK (CNNMoney) -- Investors took a big step back Tuesday, but stocks have had a pretty strong year so far, so the
retreat isn't ringing any alarm bells.
"You're still seeing echoes of the risk-on-risk-off trade," Jonathan Lewis, chief investment officer at Samson Capital
Advisors. "But I would offer that all investors are doing is restructuring and rebalancing portfolios."
Since the start of the year, stocks have slowly and steadily made their way toward their highest levels since 2008, helped
along by the U.S. economy's steady improvement.
While March has not been a good month so far, the Dow is still up 4.4% for the year. The S&P 500 has gained nearly 7%
and the Nasdaq is up 11.7% year to date.
Stocks were pressured Tuesday by weaker economic data out of Europe and rising yields on euro-area government bonds,
said Lewis.
The Dow Jones industrial average ( INDU) fell 207 points, or 1.6%, to end at 12,759. That marks the worst day for the
index since Dec. 8, when it fell 1.63%. Today also marks the first time the Dow has suffered a triple-digit loss in 45 days.
Financial stocks were among the hardest hit, with Bank of America ( BAC, Fortune 500) and JPMorgan Chase ( JPM,
Fortune 500) both down about 3%. The only Dow component showing a modest gain was Intel ( INTC, Fortune 500).
The S&P 500 ( SPX) fell 21 points, or 1.5%, to 1,343. The Nasdaq ( COMP) sank 40 points, or 1.4%, to 2,910. Both
indexes suffered the worst one-day performance so far this year.
Gas prices: If you can't beat 'em, join 'em
Meanwhile, investors are wary of political tension between Iran and Israel, which has driven oil and gas prices sharply
higher, said Mark Martiak, senior wealth strategist at Premier Financial Advisors.
"It's more based on what's going on globally," said Martiak, pointing to unresolved debt issues in Europe and signs of
slowing economic growth in China.
U.S. stocks finished in the red Monday, after China lowered its annual growth target.
Investors are also keeping an eye on Greece, where private-sector bondholders need to officially agree to a crucial
restructuring of the nation's debt this week. If bondholders do not sign on in sufficient numbers, Greece's bailout could be in
jeopardy and the nation could face a hard default.
BlackRock president: Why I'm in blue chips
http://money.cnn.com/2012/03/06/markets/stocks/index.htm
19-Apr-2012
Page 2 of 2
Analysts say markets are still poised to move higher, given the recent improvement in U.S. economic data, although trading
could remain choppy.
"There's a lot of uncertainty in the market," said Martiak.
World markets: European stocks closed in the red. Britain's FTSE 100 ( UKX) dropped 1.9%, the DAX ( DAX) in
Germany shed 3.4% and France's CAC 40 ( CAC40) lost 3.6%.
Economic growth in the European Union contracted 0.3% in the fourth quarter, according to the second estimate from
Eurostat, the EU statistics agency. That's compared with third-quarter growth of 0.1% in the eurozone and 0.3% in the EU.
Asian markets ended lower. The Shanghai Composite ( SHCOMP) closed down 1.4%, while the Hang Seng ( HSI) in
Hong Kong lost 2.2% and Japan's Nikkei ( N225) fell 0.6%.
It was the second day of declines on Chinese Premier Wen Jiabao's lower target for China's economic growth -underscoring the need to make the country's breakneck development more sustainable.
Economy: Investors will be on edge leading up to a big news day on Friday, when the February jobs report will be
released. Also coming later this week are reports on consumer credit, productivity and the U.S. trade balance.
Companies: After the market closed, Internet radio station Pandora reported quarterly earnings and profits that missed
analysts expectations. Shares fell 14% in extended trading.
Shares of Chesapeake Energy ( CHK, Fortune 500) fell after the company announced a partnership with KKR ( KKR,
Fortune 500) to invest in mineral interests and royalties in key domestic oil and gas basins.
Online jobs search firm Monster Worldwide ( MWW)'s shares spiked after the company announced it had retained Stone
Key Partners and BofA Merrill Lynch to review "strategic alternatives."
While the company did not reveal its specific plans, hiring bankers to pursue alternatives often means a potential sale or
spin-off.
Dick's Sporting Goods ( DKS, Fortune 500) reported quarterly earnings of 88 cents a share on $1.6 billion in revenue,
matching analysts' estimates.
Shares of weight-loss company Nutrisystem ( NTRI) plunged 10% after the company said late Monday it expects earnings
and sales growth to be below analysts' forecasts this year.
Shuffle Master ( SHFL), a gaming supplier, announced plans Monday to acquire online poker company Ongame Network.
The Las Vegas-based company also reported strong earnings and sales growth for the first quarter.
Currencies and commodities: The dollar strengthened against the euro and the British pound, but dropped versus the
Japanese yen.
Oil for April delivery slipped $2.02 to end at $104.70 a barrel.
The national average price for a gallon of gasoline eased Tuesday, dropping three-tenths of a cent to just above $3.76 a
gallon, after pushing higher for 27 straight days.
Gold futures for April delivery fell $31.80 to $1,672.10 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury rose, pushing the yield down to 1.94% from 2% late
Wednesday.
First Published: March 6, 2012: 9:43 AM ET
2012 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices
http://money.cnn.com/2012/03/06/markets/stocks/index.htm
19-Apr-2012
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By Laura Mandaro
MarketWatch Pulse
U.S. stocks fell to session lows Tuesday as a selloff -spurred by worries over Greece's pending debt exchange and global
growth -- deepened. Resource sectors, which are closely tied to China's
expansion, fell the hardest. The Dow Jones Industrial Average was off
202 points, on track for its first decline of more than 200 points since
November 23. Caterpillar, Inc. and Alcoa, Inc. shares led declines for all
of its 30 components except for Kraft Foods Inc. . The S&P 500 dropped
22 points, or 1.6%, to 1,342.49. Natural-resource stocks, financials and
industrials led declines which spread across all 10 S&P 500 subsectors.
The Nasdaq Composite fell 47 points, or 1.6%, to 2,904.
SAN FRANCISCO
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/LNH
The weak closing of the US markets on Tuesday weighed heavily on domestic sentiment
during morning trade. On Tuesday, the Dow Jones Industrial lost 203.66 points and closed
at 12759.15. The S&P 500 lost 20.97 points and closed at 1343.36 and the Nasdaq closed
at 2910.32, losing 40.16 points over the previous day's closing. Soon after witnessing a gap
down opening, the domestic benchmarks slipped further amid weak Asian market cues.
Asian markets fell on for a third straight day on Wednesday amid rising worries that the
Greek debt swap may fail, dampening the demand for risky assets. The deadline to accept
the Greek debt swap offer expires on Thursday. If the nation's private lenders choose not to
accept the offer, the country will head towards a catastrophic default. Moreover, the less
than expected growth of the Australian economy last quarter also weighed on sentiment.
On the domestic front, the loss of the UPA in the UP state elections also weakened
sentiment as investors bet that a change of regime may put key reforms such as allowing
FDI in retail on the backburner. The domestic benchmarks rebounded into the positive
terrain but the recovery only lasted for a brief period with underlying sentiment remaining
sluggish. The benchmarks slipped back into the negative terrain and traded below the
baseline during afternoon trade. The domestic benchmarks slumped to the day's low but
pared some losses as strong trade in European stocks improved sentiment. Finally, the
benchmarks ended on a marginally negative note, with the Sensex shedding 0.16%.
More Headlines
LIC Nomura MF Launches 90 Da
Fixed Maturity Plan
HDFC Mutual Fund Unveils Thre
FMP
Cairn India Q4 net dips 11% at R
2,186 cr
RIL Q4 net profit at Rs 4,236 cror
SBI Unveils Debt Fund Series - 3
Days - 2 Floats On
ACC profits drop following chang
depreciation methods
SBI Debt Fund Series - 90 Days
Spicejet gets approval to import A
directly; stocks up
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NBFCs yet again; stocks plunge
24-Apr-2012 12:11 AM
Post Session- Sensex ends down on weak global cues Analysis for Mar 07...
2 of 3
http://www.goodreturns.in/news/2012/03/07/post-session-sensex-ends-d...
Election blues
over; markets end
flat
/LNH
Mid Market-Sensex
slips into negative
terrain amid weak
/LNH
Out of the 30 Sensex stocks, there were 13 advances and 17 declines. The Market breadth,
indicating the overall health of the market, was weak. On BSE out of total shares traded
3539, shares advanced were 1154 while 1743 shares declined and 642 were unchanged.
On the sectoral front, Metal and Oil & Gas were the major laggards, shedding 1.51% each.
The top losers of the BSE Sensex pack were Sterlite Industries (India) Ltd. (Rs.
109.35,-3.95%), NTPC Ltd. (Rs. 170.15,-2.41%), Reliance Industries Ltd. (Rs.
761.45,-1.94%), Bharti Airtel Ltd. (Rs. 329.55,-1.91%), Bharat Heavy Electricals Ltd. (Rs.
270.90,-1.85%), among others.
In BSE, BSE Metal index was at 10984.66 down by -168.9 points or by -1.51%. Sterlite
Industries (India) Ltd. (Rs. 109.35,-3.95%), Hindustan Zinc Ltd. (Rs. 127.40,-3.45%), Sesa
Goa Ltd. (Rs. 192.65,-2.82%), JSW Steel Ltd. (Rs. 695.15,-2.13%), Jindal Steel & Power
Ltd. (Rs. 536.25,-1.78%).
On the Asian front, Shanghai Composite ended down 0.65%, Hang Seng shed 0.86% and
Nikkei 225 ended down 0.64%.
On the European front, CAC 40 was up 0.76%, DAX was up 0.41% and FTSE 100 was
trading higher by 0.26%.
Dion Global Solutions Ltd
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NEW YORK (CNNMoney) -- U.S. stocks fell Thursday, as investors were rattled by worries of a global growth slowdown.
Both China and Germany reported soft manufacturing data, which caused jitters to pulse through the markets throughout
the trading day.
Signs of a continued resurgence of employment in the United States couldn't help investors shake the funk. The number of
Americans filing for unemployment claims hit a 4-year low.
The Dow Jones industrial average ( INDU) shed 78 points, or 0.6%. The S&P 500 ( SPX) lost 10 points, or 0.7%. The
Nasdaq ( COMP) dropped 12 points, or 0.4%.
Commodities also dropped sharply, as investors feared how a global slowdown might affect consumer and industrial
demand.
Copper and oil fell about 2%. All 10 Dow sectors were down, with oil and gas producers, including Chevron ( CVX,
Fortune 500) and Exxon ( XOM, Fortune 500), among the biggest decliners. Caterpillar ( CAT, Fortune 500) and Alcoa
( AA, Fortune 500) were also big drags on the blue chip index.
Still, traders say volumes have been abnormally low this week, indicating that investors don't have strong convictions about
the direction of the market.
"We're in that deadzone between earnings right now," said Douglas DePietro, head of equity trading at Evercore, referring
to the fact that quarterly corporate results are several weeks away. "The market is pretty listless this week."
Stock market's next hurdle: Peak Earnings
Early Thursday, a reading on Chinese manufacturing compiled by HSBC showed the index hit a four-month low in March.
The new reading came in at 48.1, down from 49.6 in February.
A reading below 50 indicates the sector is contracting, and HSBC said that a significant drop in new orders acted as the
primary drag on manufacturing. Reflecting a broader slowdown, China lowered its growth target and hiked gasoline prices
in recent weeks.
A reading on manufacturing activity in Germany showed the eurozone stalwart also hit a soft patch in March, as the sector
registered only a marginal expansion.
U.S. stocks faltered Wednesday, after the latest report on existing home sales damped enthusiasm about the economy.
http://money.cnn.com/2012/03/22/markets/stocks/index.htm
19-Apr-2012
Page 2 of 2
Overall, stocks have been supported this year by rising hopes for the U.S. economy and easing concerns about the debt
crisis in Europe. But given the strength of the recent rally, analysts say a period of uneven trading is to be expected.
So far this year, the Dow is up 7%, the S&P 500 has gained 11% and the Nasdaq has surged 18%.
World markets: European stocks closed lower. Britain's FTSE 100 ( UKX) shed 0.8%, the DAX ( DAX) in Germany
lost 1.3% and France's CAC 40 ( CAC40) fell 1.6%.
Asian markets ended mixed. The Shanghai Composite ( SHCOMP) slid 0.1%, while the Hang Seng ( HSI) in Hong Kong
ticked up 0.2% and Japan's Nikkei ( N225) added 0.4%.
Buyout season is back for private equity
Japan's Ministry of Finance reported the island nation enjoyed a trade surplus in February. A deficit had been expected,
and the announcement buoyed stocks.
Economy: The government reported that first-time claims for unemployment benefits in the week ended March 17
dropped to 348,000, a four-year low and a better number than analysts had expected.
The Conference Board's Leading Economic Indicators index for February increased by 0.7%, more than the expected 0.6%
uptick.
Companies: Dollar General ( DG, Fortune 500) shares popped after the retailer reported earnings of 85 cents per share
on $4.2 billion in revenue, topping projections. The company said same-store sales increased 6.5% over the quarter.
FedEx ( FDX, Fortune 500) shares dropped, despite reporting better-than-expected earnings and sales, citing record
holiday shipping. The company, seen as a proxy for the health of the broader economy, said it expects its 'solid
performance' to continue.
How to avoid the looming budget train wreck
ConAgra ( CAG, Fortune 500) reported earnings of 51 cents per share on $3.4 billion in revenue, slightly better than
analysts had expected. Shares fell.
Athletic apparel maker lululemon athletica ( LULU) reported that revenue surged 51.4% to $371.5 million in the fourth
quarter, topping analyst estimates.
McDonald's ( MCD, Fortune 500) said Wednesday that CEO Jim Skinner plans to retire at the end of June, ending a
seven-year turn at the helm of the fast-food restaurateur. The company's current president and COO, Don Thompson, will
succeed Skinner.
After the bell, Nike ( NKE, Fortune 500) reported earnings that beat analysts' estimates. Despite that, shares of the
sneaker company dropped in after hours trading.
Currencies and commodities: The dollar strengthened against the euro and the British pound, but fell versus the
Japanese yen.
Oil for May delivery slipped $1.92 to $105.35 a barrel.
Gold futures for April delivery fell $7.80 to $1,642.50 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury rose, pushing the yield down to 2.275% from 2.29% late
Wednesday.
First Published: March 22, 2012: 9:43 AM ET
2012 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices
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19-Apr-2012
1 of 1
http://www.thehindu.com/business/markets/article3154817.ece?css=print
Business Markets
Published: March 22, 2012 17:07 IST | Updated: March 22, 2012 17:07 IST
The Sensex, which had gained 328 points in the last two trading sessions, dropped by 405.24 points, or 2.30 per cent to 17,196.47, a
hitting the days low of 17,136.50. Here, a worried broker looks at the stock movements in Mumbai. File photo.
The BSE benchmark Sensex on Thursday tumbled over 405 points on FII outflows as investors feared that
weakening rupee will hit importers and government finances, amid falling European markets.
Of the 30 Sensex scrips, 28 tumbled, while two ended in the green. All the 13 sectoral indices closed in losses.
Market heavyweight Reliance Industries dropped 4.15 per cent, and Infosys by 1.39 per cent. The two carry 20 p
cent weight on the Sensex.
The index, which had gained 328 points in the last two trading sessions, dropped by 405.24 points, or 2.30 per
to 17,196.47, after hitting the days low of 17,136.50.
The NSE 50-issue index Nifty plunged 136.50 points, or 2.54 per cent to 5,228.45 with stocks of realty, power a
banking sectors suffering the most.
Brokers said the rupees falling to more than two months low, breaching Rs 51 per US dollar level, triggered sel
They said a weakening trend in the European stock markets on fears that Chinas manufacturing may contract
further, also hit the market sentiment.
Keywords: Sensex close
Printable version | Apr 24, 2012 9:54:12 AM | http://www.thehindu.com/business/markets/article3154
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24-Apr-2012 12:24 AM
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"With new export orders sluggish and domestic demand still softening,
China's slow down has yet to finish," Qu Hongbin, chief China
economist at HSBC said in a statement. "This calls for further easing to
come from Beijing."
Manufacturing data from Europe were also of concern, market
participants said. Output in the eurozone contracted in March, hitting a
three-month low, according to a report by Markit. Germany, which is
seen as the 17-member bloc's economic powerhouse, saw continued
growth, but at the slowest pace in three months. Meanwhile, France, the
bloc's second-biggest economy, saw production shrink for the first time
in four months.
"The Eurozone economy contracted at a faster rate in March,
suggesting that the region has fallen back into recession," Chris
Williamson, Chief Economist at Markit said in a statement. "Germany
and France look to have avoided a return to recession, but only by very
narrow margins."
-0.88
89.39
European stocks slumped nearly 1.5%, while the euro dipped 0.45% to
$1.3157.
-1.00
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European blue chips dropped 1.5%, the English FTSE 100 dipped
0.79% to 5846 and the German DAX sold off by 1.3% to 6981.
In Asia, the Japanese Nikkei 225 advanced by 0.4% to 10127 and the
Chinese Hang Seng edged higher by 0.22% to 22902.
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This material may not be published, broadcast, rewritten, or redistributed. 2012 FOX News Network, LLC. All rights reserved.
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One variable may be how soaring gasoline and oil prices have affected
demand for these products. Consumer sentiment and manufacturing
reports have shown that orders have remained robust, but some
economists say there is a risk that people's and business' disposable
income may take a hit.
In corporate news, Goldman Sachs (GS: 113.60, -1.73, -1.50%)
considered splitting up its chairman and chief executive roles amid
pressure from shareholder groups, according to multiple reports. A
separate report by Reuters said the securities behemoth's European
investment banking revenue jumped 8% during the first quarter as
derivatives activity surged across the continent.
Morning Business
Outlook: 3/28
Foreign Markets
European blue chips dipped 1.1%, the English FTSE 100 dropped 1%
to 5809 and the German DAX slumped 1.1% to 6999.
In Asia, the Japanese Nikkei 225 slid 0.71% to 10183 and the Chinese
Hang Seng slumped 0.77% to 20885.
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NEW YORK (CNNMoney) -- Stocks closed in the red Wednesday as investors grew concerned about the health of the
global economy.
Investors already jittery about slowing growth overseas became more wary after a report on U.S. durable goods orders
came in below expectations before the market opened.
"It doesn't take economic numbers meeting expectations to give the markets support. They need to beat expectations," said
Guy LeBas, chief fixed income strategist at Janney Capital Markets.
The Dow Jones industrial average ( INDU) closed down 72 points, or 0.6%. The S&P 500 ( SPX) dipped 7 points, or
0.5%. The Nasdaq ( COMP) fell 15 points, or 0.5%.
The commodities market dropped even further. Oil and copper fell roughly 2%, and gold lost more than 1%.
Analysts said that it was a light trading day overall with a smaller number of shares changing hands.
With Europe's debt drama on the back burner for now, investors are waiting for first-quarter results to decide whether to
continue betting on a run up in the stock market. But the first of the quarterly reports is still about two weeks away.
Gas tops $3.90 a gallon
"The market seems to be catching its breath today," said Ryan Detrick, senior technical strategist at Schaeffer's Investment
Research. "Investors are really waiting for the next major potential driver."
U.S. stocks ended slightly lower Tuesday after news that home prices in 20 major cities fell to the lowest levels since
2002. A disappointing report on consumer confidence further rattled investors.
Tuesday's declines followed a big run-up in the previous day's session, as Federal Reserve chairman Ben Bernanke's
comments on the job market gave investors reason to believe the central bank will keep interest rates low.
Stocks have rallied in 2012 on improving economic data and easing concerns about the debt crisis in Europe. With the
year's first quarter of trading ending Friday, the Dow has climbed 8%, the S&P 500 has gained nearly 13% and the Nasdaq
is up more than 20%.
Economy: A government report on durable goods orders showed that orders increased 2.2% in February, less than the
2.8% expected by economists.
http://money.cnn.com/2012/03/28/markets/stocks/index.htm
19-Apr-2012
Page 2 of 2
The price of an average gallon of regular gas surpassed the $3.90 mark Wednesday, according to the latest daily survey
conducted for the motorist group AAA. Prices are now within a dime of the $4 threshold after 19 consecutive daily
increases.
Nothing cheesy here: Annie's IPO soars 60%
Companies: Annie's ( BNNY), the organic food maker known for its macaroni & cheese, closed 90% above its opening
price at $36 on its debut day on the New York Stock Exchange. The company priced shares at $19, above the established
$16 to $18 range. Annie's has sold 5 million shares for its initial public offering.
Vocera Communications ( VCRA) also debuted on the NYSE Wednesday, and its shares closed up 34%.
Regional Management ( RM), the third company to go public Wednesday, closed 9% higher.
Family Dollar Stores ( FDO, Fortune 500) reported quarterly earnings of $1.15 a share on $2.5 billion in revenue. The
results were slightly better than analyst estimates.
Check gas prices in your state
Currencies and commodities: The dollar lost ground against the Japanese yen, but strengthened against the euro and
British pound.
Oil for May delivery slipped $1.92 to $105.41 a barrel.
Gold futures for April delivery fell $27.00 to $1,657.90 an ounce.
World markets: European markets closed in the red Wednesday. Britain's FTSE 100 ( UKX) ended 1% lower, while the
DAX ( DAX) in Germany and France's CAC 40 ( CAC40) both lost 1.1%.
Asian markets ended lower. The Shanghai Composite ( SHCOMP) tumbled 2.7%, the Hang Seng ( HSI) in Hong Kong
shed 0.8% and Japan's Nikkei ( N225) declined 0.7%.
Bonds: The price on the benchmark 10-year U.S. Treasury moved up slightly, pushing the yield down to 2.18% from
2.19% late Tuesday.
First Published: March 28, 2012: 9:44 AM ET
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19-Apr-2012
1 of 1
http://finance.yahoo.com/news/sensex-falls-outsourcing-hit-u-100901602.html
MUMBAI (Reuters) - The BSE Sensex provisionally fell 0.2 percent on Thursday, with technology stocks leading the
losses after local media reported the United States had raised the cost of processing H-1B employment visas, which was
seen as hitting the industry.
Technology outsourcing stocks such as Infosys (NSE:INFY.NS - NewsINFY.NS) and Tata Consultancy Services
(NSE:TCS.NS - NewsTCS.NS) led decliners.
The main 30-share BSE index provisionally closed down 31 points at 17,090.55. The 50-share NSE index provisionally
closed 0.1 percent lower at 5,189.
(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
Copyright 2012 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited
without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions take
in reliance thereon.
Copyright 2012 Yahoo! Inc. All rights reserved. /
24-Apr-2012 12:26 AM
1 of 1
http://www.thehindu.com/business/markets/article3258280.ece?css=print
Business Markets
Published: March 29, 2012 16:49 IST | Updated: March 29, 2012 16:49 IST
Fag-end value buying contained intra-day losses today and the BSE benchmark Sensex closed lower by just 63
points amid this months settlement in the derivatives segment and a weak trend in global markets.
Sensex, which had dipped below the 17k mark intra-day, recovered somewhat and closed at 17,058.61, down 63
points or 0.37 per cent as the last 30-minute buying curtailed losses.
The NSE 50-issue index Nifty fell 15.90 points, or 0.31 per cent to 5,178.85, after a low of 5,135.95.
The market remained in bear-grip for major part of the day as investors off-loaded their pending positions on
current months expiry in the derivative contracts settlement, brokers said.
Besides, falling rupee ignited fears of inflation on account of costly imports and raised concerns the RBI may no
interest rates at next months monetary policy meet.
A weak trend in the global markets further influenced the sentiment.
The IT sector led the fall as software exporters worried a weakening trend in overseas markets might hurt their
business. Over 80 per cent of the software business comes from the U.S. and European markets.
The second most heaviest on the Sensex Infosys fell by 1.78 per cent to Rs. 2,791 and segment major TCS by 1
per cent to Rs. 1,143.25.
The capital goods sector index suffered the most by losing 1.61 per cent to 9,834.68 followed by IT index by 1.17
cent to 5,951.18.
The major Sensex losers were Reliance Industries, State Bank of India, Larsen and Toubro, Bharti Airtel, BHEL
M&M, Tata Steel, Cipla, HDFC Bank and ICICI.
Keywords: share markets, sensex, stock markets
Printable version | Apr 24, 2012 9:55:57 AM | http://www.thehindu.com/business/markets/article32582
The
24-Apr-2012 12:27 AM
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Today's Markets
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Weak Housing,
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As of 3:19 p.m. ET, the Dow Jones Industrial Average fell 27.8 points, or
0.21%, to 13047, the S&P 500 dipped 2 points, or 0.14%, to 1397 and
the Nasdaq Composite gained 7.9 points, or 0.26%, to 3076.
39.65
-0.48
56.79
-0.59
The Nasdaq took its worst fall since December on Wednesday, while
the S&P dropped by the most in almost a month as sentiment across
global equity markets turned more bearish. Traders have grown
concerned once again about the debt crisis in Spain after the country
struggled to meet a target in a recent auction and has seen yields begin
climbing once again. Higher yields, analysts say, will make it more
difficult for the country to reach its deficit-cutting target.
The labor market is coming into focus with the monthly jobs report on
tap for Friday.
New claims for unemployment benefits fell to 357,000 last week -- the
lowest level since April 2008 -- from an upwardly-revised 363,000, the
Labor Department reported. Claims were expected to fall to 355,000
from an initially reported 359,000.
Planned job cuts among U.S. employers fell 27% in March from
February to 37,880, according to a report Thursday by outplacement
firm Challenger, Gray & Christmas. Layoffs are now at the lowest level
in 10 months.
The number of jobless claims has consistently sat under the 400,000
level, which many economists say points to continued improvement in
the labor market.
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Thursday is the last day of equity trading for the week, with stock
markets closed for the Good Friday holiday. However, stock-index
futures along with precious metal and commodity futures trading will be
open for a short time on Friday morning.
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European blue chips fell 0.25%, the English FTSE 100 rose 0.35% to
5724 and the German DAX dropped 0.13% to 6775.
In Asia, the Japanese Nikkei 225 slipped 0.53% to 9768 and the
Chinese Hang Seng sold off by 0.95% to 20593.
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The biggest drags on the Dow on a point basis were Caterpillar (CAT:
107.36, -1.39, -1.28%) and IBM(IBM: 199.51, -0.62, -0.31%) Chevron
(CVX: 102.51, -0.88, -0.85%) and Boeing (BA: 73.10, -0.61, -0.83%).
Hewlett-Packard was the only component to end in the green.
In a sign of the uneasiness, the VIX, sometimes referred to as Wall
Street's fear gauge, surged 8.3%. The number of trades in declining
shares on the New York Stock Exchange outpaced those in advancing
shares by a ratio of nine-to-one, according to data compiled by FOX
Business.The S&P 500 broke its 50-day-moving average for the first
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At the same time, traders continued moving into the safety of Treasury
bonds. The yield on the 10-year plummeted 0.047-percentage point to
1.988% and is now at its lowest level since early March. As traders bid
up the asset, the yield falls.
-0.80
ALCOA INC....
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-0.00
AA
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Earnings season kicks off after the closing bell on Tuesday. Aluminum
giant Alcoa (AA: 9.76, -0.19, -1.91%) is expected to post a four cent per
share quarterly loss on revenue of $5.8 billion.
In energy markets, U.S. crude has retreated nearly 8% from its 2012
high of $109.77 a barrel as tension has calmed somewhat between
Western states and Iran and supplies have swelled. The benchmark
contract traded in New York stumbled $1.44, or 1.4%, to $101.02 a
barrel. New York Harbor wholesale gasoline dipped 5 cents, or 1.4%, to
$3.25 a gallon.
102.51
-0.88
587.44
-20.90
107.36
-1.39
85.28
Best Buy (BBY: 22.00, -0.06, -0.27%) said its Chief Executive Officer
Brian Dunn has resigned.
Foreign Markets
-0.47
27.69
European blue chips sold off by 3%, the English FTSE 100 slumped
2.2% to 5596 and the German DAX dropped 2.5% to 6606.
-0.26
199.51
In Asia, the Japanese Nikkei 225 slipped 0.09% to 9538 and the
Chinese Hang Seng shed 1.2% to 20356.
-0.62
43.42
0.00
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The Hindu : Business News : Sensex down 150 points in early trade
1 of 1
http://www.thehindu.com/business/article3302718.ece?css=print
Business
Published: April 11, 2012 10:22 IST | Updated: April 11, 2012 10:22 IST
PTI The 30-share barometer, which had gained 21.70 points on Tuesday, lost 150.63 points to 17,093.21 in Wednesday's early trade.
photo
The BSE benchmark index Sensex on Wednesday fell by over 150 points in early trade, due to fresh selling by fu
amid a weak trend on other Asian bourses.
The 30-share barometer, which had gained 21.70 points on Tuesday, lost 150.63 points, or 0.87 per cent, to
17,093.21 in the early trade.
The wide-based National Stock Exchange index Nifty dipped below 5,200 points to trade lower by 49.20 points
0.93 per cent, at 5,194.40.
All sectoral indices, led by metal and capital goods, were trading in the negative zone, with losses up to 1.62 per
which led to the fall in the Sensex.
Brokers said fresh selling by funds amid a weak trend on other Asian markets, following overnight heavy losses
the European and US markets due to fresh euro-zone debt worries and concerns over the global recovery, main
dampened the trading sentiment here.
In the Asian region, the Hong Kongs Hang Seng index fell by 1.27 per cent, while Japans Nikkei was down by 1
per cent in the early trade today. The US Dow Jones Industrial Average ended 1.65 per cent lower in yesterdays
trade.
Keywords: Sensex opening trade
Printable version | Apr 24, 2012 10:28:12 AM | http://www.thehindu.com/business/article3302
The
24-Apr-2012 12:58 AM
1 of 2
http://money.cnn.com/2012/04/10/markets/stocks/index.htm
NEW YORK (CNNMoney) -- The fear trade picked up steam Tuesday, as investors grew increasingly worried about
Europe's fiscal health. All three indexes closed down more than 1.5%, marking the fifth straight losing day for stocks.
Early in the day investors, traded out of stocks after reading headlines about rising borrowing costs for Spain and Italy
the day progressed, investors grew increasingly jittery over the health of the global economy, which caused the sell-off
intensify.
"People are starting to get very concerned about the macro picture of both sovereign debt and China's slowing growth
said Sam Ginzburg, head of trading at First NY. "We're starting to get very worried about going back to a recession."
The Dow Jones Industrial Average ( INDU) closed down 214 points, or 1.7%, capping off the worst day since Novem
2011. The S&P 500 ( SPX) lost 24 points, or 1.7%. The Nasdaq ( COMP) fell 56 points, or 1.8%.
The S&P 500 also had the worst day since November 2011, while Nasdaq posted the worst finish since December 201
European stocks slumped more than 2%.
First-quarter earnings: They won't be pretty
Yields on Spain's 10-year bonds hovered just under 6%, the highest level in more than three months. Borrowing costs
have been trending higher as the government struggles to push through budget cuts. In Italy, the yields rose near 5.7%
Peter Boockvar, chief equity strategist at Miller Tabak, said that while U.S. investors had been largely ignoring sovereig
debt questions in Europe, the continent's problems cannot be ignored now.
As part of a broad retreat from risky assets, investors jumped into U.S. Treasuries, driving the yield on 10-year Treasu
below 2% for the first time in more than a month.
Twenty-nine of the Dow's 30 components ended in the red, with Bank of America ( BAC, Fortune 500) leading the b
retreat. Oil and industrial stocks were also among the biggest decliners. GE ( GE, Fortune 500), Caterpillar ( CAT
Fortune 500) and Exxon ( XOM, Fortune 500) fell more than 1%.
The so-called fear index, the VIX (
VIX), rose nearly 11% Tuesday and is up nearly 33% over the past five days. It's a
19-Apr-2012 6:45 PM
2 of 2
http://money.cnn.com/2012/04/10/markets/stocks/index.htm
20.5, still far from 30 -- a reading that typically signals heightened investor fear.
Investors got one positive surprise after the markets closed. Dow component Alcoa ( AA, Fortune 500) beat earnin
estimates when it reported after the closing bell. Alcoa's earnings unofficially begins the release of first-quarter financ
results.
Analysts are forecasting a 0.1% drop in first-quarter earnings for companies in the S&P 500 compared to a year earlier
according to FactSet. While that's not a major decline, it would mark the end of a nine-quarter winning streak. Stocks w
on a tear in the first three months of this year, with the Dow and S&P 500 enjoying their best first quarter in over a dec
"We're essentially expecting no growth, but we could see earnings come in worse than that," said Boockvar. "I think w
have the potential for some disappointment."
Stocks finished lower Monday, as investors reacted to the disappointing March jobs report released last week.
World markets: European stocks closed down sharply. Britain's FTSE-100 (
Germany dropped 2.5%, and France's CAC 40 ( CAC40) shed 3.8%.
In Asia, Japan's Nikkei ( N225) slipped 0.1%, while Hong Kong's Hang Seng (
Composite ( SHCOMP) gained 0.9%.
DAX)
Economy: Wholesale inventories came in higher than expected for February with a 0.9% increase above the 0.5% ris
forecast by economists. Inventories rose 0.4% in January.
On Monday, Federal Reserve chairman Ben Bernanke said in a speech in Georgia that banks need to increase their
capital buffers in order to ensure stability in the financial system.
Companies: Shares of electronics retailer Best Buy ( BBY, Fortune 500) surged then dropped after the company
announced that CEO Brian Dunn had resigned and the company would begin a search for a new CEO.
Sony ( SNE) shares dropped after the electronics maker announced it expects an annual loss of more than double
previous projection. The company said the revision came after recording additional tax expenses, primarily in the Un
States.
Shares of grocery retailer Supervalu ( SVU, Fortune 500) were up 15%, after the company reported earnings that be
expectations and offered strong guidance.
Apple's (
Currencies and commodities: The dollar gained against the euro and the British pound but fell against the Japanese
yen.
Oil for May delivery lost $1.32 to $101.14 a barrel.
Gold futures for April delivery gained $16.60 to $1,660.50 an ounce.
First Published: April 10, 2012: 9:44 AM ET
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Policy. Ad choices .
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Today's Markets
As of 3:13 p.m. ET, the Dow Jones Industrial Average dipped 63.8
points, or 0.49%, to 12922, the S&P 500 dropped 9.9 points, or 0.72%,
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to an all-time high, while insurance costs for Italian debt climbed as well,
according to data compiled by Reuters.
Spain's IBEX plunged 3.2%, while Italy's MIB tumbled 2.7%. Banking
shares, seen as particularly sensitive to sovereign-debt issues, took the
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JPMorgan Chase (JPM: 43.22, -0.07, -0.16%), the biggest U.S. bank
by assets, weighed in on Friday morning with results that topped
forecasts on the top and bottom lines. Wells Fargo (WFC: 33.12, -0.45,
-1.34%) revealed a first-quarter EPS of 75 cents on revenue of $21.6
billion, beating analysts expectations of 73 cents on $20.51 billion.
On the economic front, a survey by Reuters and the University of
Michigan showed consumer sentiment unexpectedly ticking lower in
April. The gauge came in at 75.7, compared to 76.2 in March. The
present conditions sub-index hit the lowest level since last December,
but the future expectations portion came in at its highest since
September 2009. That may mean that consumers are still bearish about
current conditions, yet hopeful about the future.
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Stocks: Worst week of the year, S&P 500 sinks 2% - Apr. 13, 2012
Page 1 of 2
NEW YORK (CNNMoney) -- U.S. stocks stumbled Friday, following a two-day rally, closing lower for a second straight week
with the worst declines of the year.
The Dow tumbled 1.6%, while the S&P 500 sank 2% and the Nasdaq lost 2.3%.
At the start of the week,stocks were driven sharply lower by the ugly March jobs report and fresh worries about Europe's
debt crisis. They rebounded a bit toward the middle of the week, but fell sharply again Friday as a slowdown in China's
economy overshadowed a batch of better-than-expected earnings results.
The Dow Jones industrial average ( INDU) dropped 137 points, or 1.1%, on Friday, while the S&P 500 ( SPX) shed 17
points, or 1.3%, and Nasdaq ( COMP) lost 44 points, or 1.5%.
The Chinese economy grew at an annual pace of 8.1% in the first quarter, the country's National Bureau of Statistics said
Friday, marking a deceleration from an 8.9% growth rate in the prior quarter.
Fears are looming among many investors about a slowdown in China following years of breakneck growth, and what some
believe is an inflating property bubble. Others, however, are more optimistic; the World Bank predicts the Chinese
economy will slow to a 8.2% growth rate this year but rebound to 8.6% in 2013.
"Markets have been overemphasizing the risk of a hard landing in China," said Michelle Gibley, director of international
research at Charles Schwab. "Growth did slow, and it was weaker than expected, but I think this could prove to be the
trough, and economic growth will start to pick up."
Gibley highlighted the fact that the Chinese government has been easing its monetary policy, and expects those efforts to
make an impact on the economy through the course of the year.
China's slower growth weighed broadly on the market, with over 90% of the Dow's 30 components trading lower, including
JPMorgan Chase ( JPM, Fortune 500), despite a first-quarter earnings and revenue beat.
The bank posted earnings of $1.31 a share, which were lower from a year ago, but above analyst estimates of $1.17.
Shares dipped more than 3%.
Wells Fargo ( WFC, Fortune 500) also topped expectations, reporting earnings of 75 cents a share on $21.6 billion in
revenue, but the bank's stock also fell.
Investors to banks: Show me the growth
Shares of Bank of America ( BAC, Fortune 500), Goldman Sachs ( GS, Fortune 500) and Morgan Stanley ( MS,
Fortune 500), which all post results next week, were also lower.
http://money.cnn.com/2012/04/13/markets/stocks/index.htm
19-Apr-2012
Stocks: Worst week of the year, S&P 500 sinks 2% - Apr. 13, 2012
Page 2 of 2
"The bank earnings were decent, but we didn't see any home runs," said Peter Tuz, president at Chase Investment
Counsel. "And China's news is casting a negative pall, so it's natural for investors to take some money off the table,
especially after two strong days."
Investors were also skittish as the cost of insurance for Spanish debt rose to an all-time high, raising debt contagion fears in
the Eurozone, said Wells Fargo Advisors analysts.
U.S. stocks posted the best gains in a month on Thursday, with the Dow and S&P 500 jumping 1.4%.
Economy: A lower than expected reading on the University of Michigan's Consumer Sentiment Index also weighed on the
market. The index fell to 75.7 in April, from 76.2 in March. Analysts were expecting the index to slip to 76.1.
When will the Fed hike interest rates?
Meanwhile, the U.S. government reported that the Consumer Price Index, its key inflation metric, rose 0.3% in March, led
by increases in gas prices, with a year-over-year increase of 2.7%. The reading was in line with analyst expectations.
Companies: Google ( GOOG, Fortune 500) beat earnings expectations late Thursday, with a profit of $2.9 billion for the
first quarter, up 61% from a year earlier. Google's revenue climbed 24% to $10.7 billion. The company also announced an
unorthodox stock split. Shares of the search giant finished lower.
Coinstar ( CSTR) shares jumped after the company noted "stronger than anticipated consumer demand at Redbox" on
Thursday and raised its earnings outlook for the year.
Dow Chemical ( DOW, Fortune 500) shares edged higher after the company announced late Thursday that it will raise its
second-quarter dividend by 28% to 32 cents per share.
World markets: European stocks closed mixed. Britain's FTSE 100 ( UKX) gained 0.3%, while the DAX ( DAX) in
Germany fell 2.4% and France's CAC 40 ( CAC40) slipped 2.2%.
Asian markets ended higher. The Shanghai Composite ( SHCOMP) gained 0.4%, the Hang Seng ( HSI) in Hong Kong
climbed 1.8% and Japan's Nikkei ( N225) rose 1.2%.
Currencies and commodities: The dollar gained against the euro and the British pound, but slipped versus the
Japanese yen.
Oil for May delivery slipped 81 cents to settle at $102.83 a barrel.
Gold futures for April delivery fell $20.40 to settle at $1,659.10 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury rose, pushing the yield down to 2%, from 2.05% late
Thursday.
First Published: April 13, 2012: 9:43 AM ET
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19-Apr-2012
Page 1 of 2
NEW YORK (CNNMoney) -- Stocks finished lower Thursday, as a trifecta of downbeat U.S. economic reports
overshadowed encouraging signs out of corporate America and Europe.
The Dow Jones industrial average ( INDU) dropped 69 points, or 0.5%, with McDonalds ( MCD, Fortune 500) and Alcoa
( AA, Fortune 500) dragging on the blue-chip index. Travelers ( TRV, Fortune 500) and Verizon ( VZ, Fortune 500)
were the biggest gainers, as both companies topped earnings expectations.
The S&P 500 ( SPX) fell 8 points, or 0.6%, while the Nasdaq ( COMP) lost 24 points, or 0.8%. eBay ( EBAY, Fortune
500) was the best performer on both indexes, with shares surging more than 13%. The e-commerce company reported
strong financial results for the quarter, and also raised its outlook for 2012.
Trading was choppy Thursday. Earlier in the session, the Dow and the S&P 500 were up over 0.3%, while the tech-heavy
Nasdaq had climbed 0.9%.
On the economic front, first-time unemployment claims declined but were still higher than what analysts expected.
Adding to the setback, existing home sales dipped 2.6%, a sign that the housing recovery remains on shaky ground. The
Philadelphia Fed regional manufacturing index also fell, coming in below expectations.
"We're getting some reminders that the U.S. economy is not in spectacular shape," said Matt King, chief investment officer
at Bell Investment Advisors. "It's growing, but at a very slow rate. With every two steps forward, it's taking one back."
Corporate earnings, on the other hand, have been better than expected. Of the 105 companies in the S&P 500 that have
reported quarterly results, more than 80% beat expectations, while 11% missed forecasts, according to Thomson Reuters.
Analysts are expecting overall S&P 500 first-quarter earnings to climb 6%, with revenues edging up 5%.
Meanwhile, investors were also mildly relieved that an auction of 2.5 billion of Spanish 10-year bonds drew strong
demand.
But Spain released a relatively low volume of bonds, helping to ensure that demand, noted Brian Barry, a fixed income
analyst with Investec in London.
U.S. is outlier in push to boost IMF resources
"They're trying to manage expectations," Barry said. "It's not necessarily a ringing endorsement of Spanish bonds." The
yield on the 10-year note shot up to 5.92% following the auction. Italian bond yields also rose, underscoring the continuing
concern about Europe's fiscal situation.
"Europe is going to be a market worry for the next few years at least," said King. "Policymakers have taken steps to address
some issues, but what Europe has is a long-term problem."
http://money.cnn.com/2012/04/19/markets/stocks/index.htm?source=cnn_bin
19-Apr-2012
Page 2 of 2
U.S. stocks closed down modestly Wednesday, as investors found new reasons to worry about Europe's economy.
Spain released data showing that its banks held more problem loans than expected, which added to concerns over the
country's finances.
Companies: Investors continue to parse through corporate earnings.
Ahead of Thursday's open, Bank of America ( BAC, Fortune 500) reported that its quarterly net income had declined
sharply versus last year, though the drop came after an accounting adjustment of nearly $5 billion. After factoring out nonoperating expenses, the company's earnings more than doubled from a year ago, sending shares higher.
Hostile takeovers are back
Morgan Stanley ( MS, Fortune 500), too, reported a large accounting adjustment that cut into its earnings. Excluding this
expense, earnings and revenue were up versus last year, and shares moved higher.
Nokia ( NOK) shares were down after the cellphone maker reported a steep first-quarter loss, struggling against strong
competition in the mobile market.
After Thursday's close, Microsoft ( MSFT, Fortune 500) reported lower first-quarter earnings that topped forecasts. Share
rose in after-hours trading.
Shares of luxury luggage maker Tumi ( TUMI) soared more than 47% in their stock market debut, after pricing above the
expected range in the company's initial public offering Wednesday. Splunk ( SPLK) shares nearly doubled on their first
day of trading, after also pricing above range on Wednesday.
Biotech firm Human Genome Sciences rejected a takeover bid from pharmaceutical maker GlaxoSmithKline ( GSK).
HGS ( HGSI) said the offer -- at $13 per share, or $2.6 billion -- "does not reflect the value inherent" in the company.
Shares of HGS soared 97%.
Shares of Sprint ( S, Fortune 500) tumbled after New York's attorney general filed a tax fraud lawsuit against the
wireless carrier, accusing it of intentionally underpaying sales tax in the state for seven years. Under New York state law,
Sprint could be on the hook for as much as $300 million, plus penalties, if it is found liable.
Shares of U.S. Airways ( LCC, Fortune 500) surged more than 15% following a Bloomberg report that three of American
Airlines' largest unions have agreed to back a possible takeover from the Tempe, Ariz.-based airline. AMR Corp.
( AAMRQ), parent company of American Airlines, went into bankruptcy last year and announced a quarterly net loss of
$1.7 billion on Thursday.
World markets: European stocks finished lower. Britain's FTSE 100 ( UKX) edged down slightly, while the DAX
( DAX) in Germany dropped 0.9% and France's CAC 40 ( CAC40) shed 2%.
Asian markets ended mixed. The Shanghai Composite ( SHCOMP) slipped by 0.1% and Japan's Nikkei ( N225) fell
0.8%, while the Hang Seng ( HSI) in Hong Kong gained 1%.
Currencies and commodities: The dollar rose against the euro and the Japanese yen but slipped versus the British
pound.
Oil for May fell 40 cents to settle at $102.27 a barrel. Gold futures for April delivery rose $1.80 to settle at $1,640.60 an
ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury rose, pushing the yield down to 1.95% from 1.98% late
Wednesday.
First Published: April 19, 2012: 9:47 AM ET
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Traders had a bounty of economic data to sort through on the day.
Sales of existing single-family homes fell 2.6% in March to a 4.48-million
unit annualized rate, according to the National Association of Realtors.
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The debt crisis in Europe has once again come back into focus as the
yield on Spanish and Italian debt has started climbing amid concerns
about the countries' abilities to close their fiscal gaps amid a weak
economy.
The closely-eyed bond sale in Spain saw strong demand on Thursday.
The country sold 2.54 billion euro in two and 10-year notes, better than
its target of 2.5 billion. Bid-to-cover ratios, which are another measure of
demand, also improved markedly from the last auction. Still, the
strength came at a price: the borrowing cost on both increased, with the
10-year yield averaging 5.743%.
With anxiety still high, the cost to insure Spain's debt stayed near record
highs, according to London-based Markit, which records spreads on
sovereign credit default swaps. Spain's IBEX sold off by 1.6%, while the
U.S. dollar strengthened by 0.32% against a basket of six world
currencies tracked by the dollar index.
Earnings Season Revs Up
Earnings season is also in full swing, with a slew of major companies
reporting generally upbeat results on the day.
Bank of America (BAC: 8.77, -0.15, -1.68%) posted a first-quarter profit
of 3 cents a share, or 31 cents excluding an adjustment related to credit
spreads. Analysts were looking for the bank to earn 12 cents. Revenue
came in at $22.28 billion, lighter than the $22.51 billion expected.
Morgan Stanley (MS: 18.07, +0.41, +2.32%) posted a first-quarter loss
of 5 cents a share on continuing operations. Excluding a one-time
charge, the investment bank earned 71 cents, much stronger than the
44 cents analysts expected. Sales came in at $8.9 billion, stronger than
the $7.31 billion expected.
Verizon Communications (VZ: 38.15, +0.49, +1.30%) unveiled a firstquarter EPS of 59 cents on sales of $28.24 billion. The blue-chip
technology company was forecast to earn 58 cents on $28.17 billion.
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http://finance.yahoo.com/news/bse-sensex-falls-state-run-123152811.html
MUMBAI (Reuters) - The BSE Sensex snapped a four-day-rally as Reliance Industries fell ahead of its earnings results
while state-run banks declined on worries about their margins due to a government directive to lower their lending and
deposit rates.
Shares were also hit in the afternoon after Nifty futures dropped suddenly amid market speculation of a trading error.
The National Stock Exchange later said it had not spotted any errors on its trading systems.
After the market close, Reliance Industries (RELI.NS) said net profit in the fiscal fourth quarter fell 21.2 percent to 42.36
billion rupees, slightly below expectations. Shares had fallen 1.5 percent ahead of those results.
The main 30-share BSE index fell 0.74 percent to 17,373.84 points, while the 50-share NSE index lost 0.78 percent to
5,290.85.
The BSE index rose 1.6 percent this week, marked by a rally sparked by the Reserve Bank of India's aggressive 50 basis
points cut in the repo rate on Tuesday.
Lenders had rallied on hopes easing move would bolster growth, but investors are now growing concerned that lenders
are under pressure to lower lending and deposit rates sooner than they had hoped.
State-run banks were among the day's big decliners. Bank of Baroda (BOB.NS) fell 2 percent, while Bank of India
(BOI.NS) fell 2.2 percent.
"There are expectations or fear in the market that government will force PSU banks to cut rates in a hurry, (which) will
result in some contraction in margins in coming quarters," Manish Ostwal, a sector analyst at brokerage KR Choksey said,
referring to public sector unit banks.
Among other decliners, shares in cement manufactures fell for the second day, after posting a fall in quarterly profit on
Thursday.
Shares in ACC Ltd (ACC.NS) fell 1.6 percent, while Ambuja Cements (ABUJ.NS) fell 2.2 percent.
Trading in the afternoon was coloured by a sudden drop in Nifty futures, which fell as much as 6.7 percent at one point.
Dealers attributed the declines a potential trading error involving index futures and Infosys futures.
However, the National Stock Exchange said it had not spotted errors in its trading systems, denying the market
speculation.
(Reporting by Manoj Dharra; Editing by Rafael Nam)
Copyright 2012 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited
without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions take
in reliance thereon.
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24-Apr-2012 12:36 AM
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http://www.thehindu.com/business/markets/article3336147.ece?css=print
Business Markets
Published: April 20, 2012 17:44 IST | Updated: April 20, 2012 17:44 IST
Indian equities were in the red on Friday after a key index opened lower and closed trade 130 points down und
selling pressure. The index had risen more than 400 points this week after the countrys central bank announce
interest rate cut.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 17,459.72, against the previous clo
17,503.71 points. After moving up to an intra-day high of 17,519.88 and touching a low of 17,231.34, it closed the
at 17,373.84, down 129.87 points, or 0.74 per cent.
The 50-scrip S&P CNX Nifty of the National Stock Exchange also ended the day 0.78 per cent or 41.55 points do
at 5,290.85 points.
There was an evident selling pressure, especially in capital goods, banking and power stocks. The BSE capital g
index was down 184.77 points at 9,873.98.
Top losers included Hindalco, down 3.15 points at Rs.125; Tata Power, down 2.45 points at Rs.105; ONGC, dow
6.10 points at Rs.266.15; BHEL, down 5.15 points at Rs.246.05; Larsen and Toubro (L&T), down 26.27 points a
Rs.1,292.50; and ICICI Bank, down 17.30 points at Rs.860.50.
Top gainers included Mahindra and Mahindra, up 20.40 points at Rs.726.65; Wipro, up 3.15 points at Rs.424.4
Tata Steel, up 3.40 points at Rs.470.40; Cipla, up 2.05 points at 321.10; and Coal India, up 1.25 points at Rs.36
The midcap index was down 63.21 points while the small cap index down 32.25 points.
While, 1,267 stocks advanced in the days trade, 1,335 scrips declined, with 116 stocks remaining unchanged.
Keywords: BSE, NSE, Sensex, Nifty
Printable version | Apr 24, 2012 10:06:56 AM | http://www.thehindu.com/business/markets/article3336
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The selloff on Monday was fairly broad. All but three Dow components
ended in the red, with Wal-Mart (WMT: 59.54, -2.91, -4.66%), Bank of
America (BAC: 8.18, -0.18, -2.15%) and General Electric (GE: 19.07, 0.29, -1.50%) taking the heaviest losses.
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http://www.thehindu.com/business/markets/article3345436.ece?css=print
Business Markets
Published: April 23, 2012 16:47 IST | Updated: April 23, 2012 22:09 IST
PTI Investors react as they watch the stock prices at a facade of BSE in Mumbai. File photo
The BSE benchmark index, Sensex tumbled 277 points to 17096.68 on Monday on across-the-board selling led
heavyweight Infosys ahead of settlement in this month's derivatives contracts and weak global markets.
Infosys dropped 3.92 per cent on reports that it may face heat as the U.S. Department of Homeland Security is
reviewing its employer eligibility after finding errors in identity verification forms of some of the company's sta
Marketmen also attributed the fall to a report that a hedge fund has exited short positions in India's single stoc
futures.
The decline was, however, cushioned by Reliance which gained 0.64 per cent despite a sharp dip in forth quarte
earnings, as they were in line with investor expectations.
The BSE 30-scrip index, Sensex, opened lower at 17347.76 and moved between 17444.18 and 17056.77. It closed
17096.68, down 277.16 points from Friday's closing of 17373.84, when it fell 130 points. The NSE 50-share inde
Nifty also dropped to 5200.60
Keywords: BSE, NSE, Sensex, Nifty, global markets
Printable version | Apr 24, 2012 10:09:41 AM | http://www.thehindu.com/business/markets/article33454
The
24-Apr-2012 12:40 AM
Page 1 of 2
NEW YORK (CNNMoney) -- European political uncertainty and another sign of a slowdown in the Chinese economy
pushed stocks down Monday, with the three major U.S. indexes falling more than 1% before rebounding somewhat in
afternoon trading.
Investors reacted to news that French President Nicolas Sarkozy came in second place in the first round of elections there
behind Socialist candidate Francois Hollande, who has been openly hostile to EU austerity measures.
Plus, the Dutch prime minister, Mark Rutte resigned, putting that country's prized AAA rating in jeopardy.
News of a slowdown in China's manufacturing sector also exacerbated investors' skittishness at the start of what will be a
busy week on the economic and earnings front.
"The events over the weekend re-ignited concerns that the European community is going to have trouble working out a
coordinated plan for austerity," said Douglas DePietro, head of equity sales trading at Evercore.
The Dow Jones industrial average ( INDU) ended the day down 102 points, or 0.8%. The S&P 500 ( SPX) shed 12
points, or 0.8%, and the Nasdaq ( COMP) lost 30 points, or 1%.
In the U.S., Wal-Mart ( WMT, Fortune 500) dragged down the Dow after it was hit by allegations that top executives in its
Mexican division attempted to conceal a widespread bribery scheme.
Shares closed down nearly 5%, and shares of its publicly traded Mexico unit dropped nearly 12%. The company says it is
investigating the allegations.
U.S. stocks finished mostly higher Friday, as investors welcomed another round of strong earnings from corporate
America and positive news out of Europe. However, the tech-heavy Nasdaq finished lower for a third straight week.
Europe: French President Sarkozy, one of the architects of the European agreement to avert sovereign debt default, lost
the first round of elections and will face Hollande in a May 6 runoff.
Europe: 'Dark clouds on the horizon'
Meanwhile, the Dutch Prime Minister's resignation prompted new elections, after one of his coalition partners in the
government withdrew due to negotiations over the 2013 budget. This could place the Netherlands' AAA credit rating at risk,
according to Kathleen Brooks, research director of Forex.com.
"Holland was once considered a 'safe' triple A nation, however, that may not be the case," Brooks wrote in a note to clients
Monday. "The Netherlands has overtaken France as the largest political risk this week."
http://money.cnn.com/2012/04/23/markets/stocks/index.htm?hpt=hp_t2
23-Apr-2012
Page 2 of 2
The latest reading on eurozone manufacturing also fell unexpectedly Monday to the lowest level since November, a sign
that the 17-nation block has fallen further into recession.
Worries that the problems in Europe are still not over were further driven home by Christine Lagarde, the managing
director of the International Monetary Fund. Lagarde warned at meetings of the IMF and World Bank over the weekend that
the "dark clouds on the horizon" for the global economy threatened the "light recovery blowing in a spring wind."
European stocks ended sharply lower on Monday. Britain's FTSE 100 ( UKX) shed 1.85%, while the DAX ( DAX) in
Germany plunged 3.4% and France's CAC 40 ( CAC40) dropped 2.8%.
World markets: Fueling investor concerns about the global economy was a preliminary reading on Chinese
manufacturing released early Monday, showing a contraction for the second straight month.
Asian markets ended lower across the region. The Shanghai Composite ( SHCOMP) shed 0.8%, the Hang Seng ( HSI)
in Hong Kong closed down 1.8% and Japan's Nikkei ( N225) slid 0.2%.
Companies: It was a busy merger Monday with two deals announced ahead of the open. Dow component Pfizer ( PFE,
Fortune 500) reached an agreement to sell its baby formula business to Nestl ( NSRGF) for $11.85 billion in cash. And
AstraZeneca ( AZN) announced it is buying Ardea Biosciences ( RDEA), a California-based biotechnology company, for
$1.3 billion, or $32 a share -- a 54% premium from Friday's closing price.
On Monday afternoon, Facebook announced that it would spend $550 million to buy part of Microsoft ( MSFT, Fortune
500)'s patent portfolio that it acquired from AOL ( AOL) two weeks ago for $1 billion.
Xerox ( XRX, Fortune 500), ConocoPhillips ( COP, Fortune 500), and Kellogg ( K, Fortune 500) released first-quarter
results ahead of the opening bell.
Xerox reported adjusted earnings of 23 cents a share, unchanged from a year earlier and matching forecasts. Its shares
spiked following the report, but closed up only slightly. ConocoPhillips posted improved earnings of $2.02 a share, but it fell
short of forecasts of a $2.08 a share. Its shares lost 0.8%.
Kellogg's shares plummeted 6% after the cereal company cut its outlook citing the slowdown in Europe.
Can Netflix pull a rabbit out of its hat?
Shares of Netflix ( NFLX) dropped nearly 14% in after hours trading on a weak outlook for the current quarter. Netflix
managed to beat analysts' estimates but that wasn't enough to help the stock. The company reported a first quarter loss of
8 cents per share better than forecasts for a 27 cents per share loss.
Currencies and commodities: One piece of good news for the U.S. economy is that average gas prices continued to
retreat farther away from the $4 level.
The biweekly Lundberg Survey marked its first decline of the year, while the daily survey from AAA showed its seventh
straight decrease, further raising hopes that gas prices might have already peaked for the year.
Gas prices keep easing away from $4
2012 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices
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23-Apr-2012
1 of 1
http://www.thehindu.com/business/markets/article3380384.ece?css=print
Business Markets
Published: May 3, 2012 16:35 IST | Updated: May 3, 2012 16:35 IST
Led by a poor show in auto and banking stocks, the BSE benchmark Sensex on Thursday fell by 151 points on h
selling by foreign funds on weak earnings and a sliding rupee amid negative global cues.
The 30-share Sensex, which had lost 17 points in the previous session, fell by a further by 150.72 points, or 0.87
cent to close at 17,151.19.
On similar lines, the broad-based National Stock Exchange index Nifty fell 50.75 poins, or 0.97 per cent to settl
5,188.40.
Brokers said the foreign funds remained net sellers as the rupee falling to its four-month lows, raised concerns
the governments ability to bridge the gap in widening deficits.
They said the selling pressure further gathered momentum following weak earnings by Hero MotoCorp and FM
Major Marico. The negative trend in overseas markets fuelled by investor sentiment after weak economic data
released by US and Eurozone also played a role.
FIIs were also reluctant to create positions following the government proposals to introduce the General Anti
Avoidance Rule (GAAR) to curb evasion of taxes, brokers added.
The BSE Auto sectoral index suffered the most by losing 2.43 per cent to 10,209.04, followed by BSE Metal inde
that dropped by 1.75 per cent to 10,833.90. The BSE Bankex fell by 1.74 per cent to 11,653.70.
Major index losers were Hero MotoCorp, Maruti Suzuki, Tata Motors, Bajaj Auto, Mahindra and Mahindra, IC
Bank, Larsen and Toubro, Jindal Steel, State Bank of India, Tata Steel, Coal India, DLF, Gail India and ONGC.
However, bucking the overall trend, the BSE IT sector led by Infosys and Tata Consultancy Services (TCS) gaine
0.71 per cent as investors expected the weak rupee to aid margins.
Keywords: sensex, BSE, closing trade
Printable version | May 7, 2012 8:44:12 AM | http://www.thehindu.com/business/markets/article33803
The
06-May-2012 11:14 PM
1 of 3
http://money.cnn.com/2012/05/03/markets/stocks/index.htm
NEW YORK (CNNMoney) -- U.S. stocks stumbled Thursday, as investors digested conflicting economic data ahead of
Friday's all-important jobs report.
The day started on an optimistic note, as a decline in weekly jobless claims lifted hopes ahead of the April jobs
reading, due Friday morning.
But shortly after the opening bell, investors were hit with a weaker-than-expected reading on the U.S. service sector, w
includes the retail, construction, financial services, health care and hotel industries. The Institute of Supply Manageme
Service index showed that the service sector had the slowest expansion of the year in April.
The Dow Jones industrial average ( INDU) dropped 62 points, or 0.5%, the S&P 500 (
and the Nasdaq ( COMP) fell 36 points, or 1.2%.
"It's all about jobs right now," said Kim Forrest, senior equity analyst at Fort Pitt Capital Group. "The better-than-expec
jobless claims number gave the market some hope for tomorrow, but the ISM Service index took that hope away."
While the monthly jobs number is always highly anticipated by market participants, the readings for April and May will
especially important for predicting the Federal Reserve's next steps, said Forrest. Its Operation Twist program, which
swaps short-term bonds on its balance sheet for longer-term securities, expires in June.
"The Federal Reserve will look at the April and May jobs number very closely to decide whether it needs to take furthe
action or can sit back and do nothing," Forrest said. "Part of the reason we've seen a small pullback in stocks recently
because it's still unclear what the Fed will do in June."
Economists surveyed by CNNMoney expect the Labor Department's data to show 160,000 jobs added in April. While
that's an improvement from March's weak growth, the pace is still slow compared to job gains in December, January a
February -- each of which exceeded 200,000.
If the upcoming reports continue to trend negative, "that would throw a pebble in the Fed's decision basket for taking s
action," Forrest said.
But anything that shows even modest improvement would allow the central bank to stay put, despite cries for a third ro
of long-term debt buying, known as quantitative easing, or QE3.
06-May-2012 11:10 PM
2 of 3
http://money.cnn.com/2012/05/03/markets/stocks/index.htm
U.S. stocks ended mixed Wednesday as investors digested the weak ADP report and mostly upbeat corporate results
World markets: European Central Bank officials voted Thursday to hold interest rates steady, even as the euro-are
economy slides toward recession. But ECB president Mario Draghi appeared to hint that there could be rate cuts in th
future.
European stocks finished mixed following Draghi's comments. Britain's FTSE 100 (
( DAX) in Germany slipped 0.2% and France's CAC 40 ( CAC40) lost 0.1%.
Asian markets ended mixed. The Shanghai Composite ( SHCOMP) edged up just less than 0.1%, while the Hang Se
( HSI) in Hong Kong slid 0.3%. Tokyo was closed for a holiday.
Economy: Initial jobless claims for the week ended April 28 totaled 365,000, according to the Labor Department, whic
was less than expected.
Jobless claims were forecast to total 375,000, according to a survey of economists by Briefing.com -- an improvement
from the revised figure of 392,000 in the week prior.
The Institute of Supply Management's Service index pulled back to 53.5 in April, from 56 in March and below analyst
expectations. While a reading above 50 indicates growth, April's figure represented the slowest expansion in
non-manufacturing activity since December.
Facebook readies for mid-May IPO
Companies: Investors also continued to sort through a deluge of first-quarter corporate results.
Prudential Financial's ( PRU, Fortune 500) 10% tumble made it the worst-performing stock on the S&P 500. Late
Wednesday, the company posted a first-quarter loss of almost $1 billion.
Shares of General Motors ( GM, Fortune 500) fell more than 2% after the automaker reported strong first-quarter
earnings on good results in its domestic market, but took a hit on its bottom line from rising losses and special charges
Europe.
Green Mountain Coffee Roasters ( GMCR) was the biggest loser on the Nasdaq, as shares plummeted nearly 50%
The company reported quarterly revenue that missed estimates and lowered its guidance for 2012
Shares of online reviews site Yelp ( YELP) dropped after the company reported a net loss of $9.8 million, or 31 cen
per share, for the first quarter of 2012 -- its first as a publicly traded company. Yelp is in the process of investing in
international expansion.
Private equity firm The Carlyle Group ( CG) priced its IPO Wednesday evening at $22 per unit, which was lower tha
proposed $23 to $25 per unit range. Shares finished slightly higher on the first day of trading.
Facebook set the price range for its initial public offering between $28 to $35 a share and raised its offering size to $1
billion. If its IPO prices at the top of the range, the company would be valued at just shy of $75 billion. Facebook will se
actual price the night before it begins trading on the tech-heavy Nasdaq exchange under the ticker "FB."
After Thursday's closing bell, LinkedIn ( LNKD) posted a first-quarter profit that more than doubled from a year earlie
revenue jumped 100%. The company also announced that it is buying presentation-sharing website SlideShare for $11
million. Shares bounced in after-hours trading.
AIG ( AIG, Fortune 500) also said its first-quarter profit jumped two-fold, but the bailed-out insurer's stock dipped in
after-hours trading.
Currencies and commodities: The dollar rose against the euro, the British pound and the Japanese yen.
Oil for June delivery fell $2.68 to settle at $102.54 a barrel.
06-May-2012 11:10 PM
3 of 3
http://money.cnn.com/2012/05/03/markets/stocks/index.htm
Gold futures for June delivery dropped $19.20 to settle at $1,634.80 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury was little changed, with the yield holding steady around
1.92%.
Are you worried about how the 2012 presidential election will impact your investment portfolio? Which candidate do yo
think will be better for the stock market? E-mail Hibah.Yousuf@turner.com for the chance to be included in an upcom
story.
First Published: May 3, 2012: 9:51 AM ET
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The Dow Jones Industrial Average slid 168 points, or 1.3%, to 13038,
the S&P 500 fell 22.5 points, or 1.6%, to 1369 and the Nasdaq
Composite dipped 68 points, or 2.3%, to 2956.
For the week, the Nasdaq skidded 3.7%, the S&P 500 dropped 2.4%
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defensive play, was in the green. Traders also bid up safe-haven
Treasury bonds, pushing the yield on the 10-year down 0.046percentage point to 1.880%.
In a sign of the breadth of the selling, volatility lurched 8% higher and
there were six trades in declining shares for each one in an advancing
share on the New York Stock Exchange.
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Sensex extends losses for second week
Agencies
Posted online: 2012-05-05 16:15:37+05:30
MumbaiThe BSE benchmark Sensex continued its slide for the second week in a row, dropping by more than 350 points and
touching a three-month low of 16,831 due to persistent selling pressure from operators.
Higher fiscal deficit, rising inflation and lower industrial production data amid sustained fall in the rupee value to sub-53 level, a
more-than four-month low, against the dollar mainly affected the market sentiment, a broker said.
Selling was also witnessed on fears of capital gains on investments made last year, which may come under the controversial
General Anti-Avoidance Rule (GAAR) - proposed in the 2012-13 Budget. However, according to Finance Ministry officials,
GAAR is not expected to come into force with retrospective effect unlike amendments to the Income Tax Act.
The 30-share Sensex resumed higher at 17,195.51 but declined afterwards to close below 17,000 mark at 16,831.08, a net loss
of 356.26 points, or 2.07 per cent, from its previous weekend's level. The key index had settled at 16,751.73 on January 23,
2012.
The NSE's wide-based Nifty also plunged by 122.15 points, or 2.34 per cent, to settle at 5,086.85, a level not seen in more than
three months.
Auto, capital goods, power, banking, metal, PSUs and realty counters took severe beating.
Banking stocks slumped as the Reserve Bank of India's final guidelines to implement the Basel-III capital rules require banks to
steadily build up their capital buffers through March 2018.
A statement from the Asian Development Bank (ADB) about slow economic recovery in the US and further escalation of
financial crisis in Europe adversely impacted the market.
Two-wheeler giant Hero MotoCorp was the top loser from the Sensex pack, falling 9.28 per cent, even the company posted
20.33 per cent increase in net profit for the fourth quarter ended March 31, 2012.
As a result, other auto stocks like Tata Motor, Maruti Suzuki, Bajaj Auto and M&M also finished with marked losses.
However, IT stocks rose on weak Indian currency. A weak rupee boosts revenue of IT firms in rupee terms as the tech sector
derives a lion's share of revenue from exports, mainly to the US.
Other major losers from the Sensex pack were Maruti (8.16 per cent), BHEL (6.65 per cent), SBI (6.45 per cent), Tata Steel
(6.39 per cent), Coal India (6.19 per cent), Larsen (5.91 per cent), Bajaj Auto (5.81 per cent), NTPC (4.65 per cent), Sterlite Ind
(4.35 per cent), Icici Bank (4.02 per cent), M&M (3.76 per cent), Tata Motors (3.72 per cent), Tata Power (3.28 per cent),
Gail India (2.91 per cent) and Reliance Industries (1.82 per cent).
However, TCS shot up by 6.25 per cent followed by Cipla 4.73 per cent, Hindustan Unilver 4.34 per cent, Wipro 2.09 per cent,
Infosys 1.85 per cent and Bharti Airtel 1.56 per cent.
Among the major indices the BSE-Auto fell by 5.21 per cent followed by the BSE-Capital Goods 5.20 per cent, the BSE-Power
4.21 per cent, the Bankex 4.05 per cent, the BSE-Metal 3.71 per cent, the BSE-PSU 3.69 per cent, the BSE-IPO 3.63 per cent,
the BSE-Realty 2.82 per cent, the BSE Oil&Gas 1.83 per cent and the BSE-FMCG 1.48 per cent.
Both the BSE-Midcap and the BSE-Samllcap indices declined by 2.73 per cent and 2.05 per cent respectively.
However, the BSE-IT shot up by 2.89 per cent, the BSE-Teck rose by 2.24 per cent and the BSE-Healthcare by 0.36 per cent.
The total turnover at BSE and the NSE fell to Rs 8,034.71 crore and Rs 39,915.45 crore respectively from the previous
weekend's level of 11,061.34 crore and Rs 54,479.77 crore.
Both the stock exchanges were closed on May 1, 2012 for Maharashtra Day.
05-May-2012 12:53 PM
The Hindu : Business / Markets : Asia stocks plunge after Europe election...
1 of 1
http://www.thehindu.com/business/markets/article3392678.ece?css=print
Business Markets
Published: May 7, 2012 08:17 IST | Updated: May 7, 2012 08:17 IST
AP A trader talks on the phone at the Hong Kong Stock Exchange. File photo
Asian stocks are sliding after elections in Greece and France heightened uncertainty about Europes ability to s
its debt crisis.
Japans Nikkei 225 index has plunged 2.5 per cent on Monday to 9,142.47. Hong Kongs Hang Seng tumbled 2.
cent to 20,564.87. South Koreas Kospi shed 1.7 per cent.
In Greece, which has been battling a severe debt crisis for more than two years, no political party won enough v
to form a government.
In France, President Nicolas Sarkozy lost to Socialist candidate Francois Hollande, who had criticized the coun
austerity program and wants to boost government spending.
On Friday, U.S. stocks plunged after the government reported that hiring slowed sharply in April.
Keywords: Asia stocks, Europe eclections, U.S. data
Printable version | May 7, 2012 8:34:48 AM | http://www.thehindu.com/business/markets/article33926
The
06-May-2012 11:06 PM
1 of 2
http://www.thehindu.com/business/markets/article3397383.ece?homepage...
Business Markets
Published: May 8, 2012 16:49 IST | Updated: May 8, 2012 23:20 IST
PTI The BSE benchmark, which had remained volatile in last few sessions, plunged to 16,546.18, a level last seen on January 18, 20
File photo
T
The 30-share Bombay Stock Exchange (BSE) Sensitive Index (Sensex) lost 366.53 points or 2.17 per cent on Tu
as foreign investors sought more clarifications on General Anti-Avoidance Rules (GAAR) proposals.
The Sensex closed at 16546.18. The fall was led by consumer goods sector with 3.44 per cent followed by inform
technology 3.09 per cent and banks 2.84 per cent.
A broader National Stock Exchange's S&P Nifty index closed below the 5000-mark at 4999.95, a fall of 114.20 p
or 2.23 per cent.
The late trade witnessed a sudden fall in indices. The General Anti-Avoidance Rules (GAAR) was intended to be
introduced from April 1, 2011. However, it has been deferred by one year.
There also seems to be an intent to shift the onus of proof from the tax payer to the tax department, which is v
welcome. However, a fundamental issue that still needs to be addressed is the trigger of GAAR itself the draf
proposal contemplates the trigger where one of the main purposes is to obtain a tax benefit'. Given that tax be
is worded unreasonably widely, one hopes that this issue will also be addressed, said Ketan Dalal, Joint Tax Le
PwC India.
PTI reports:
Rupee erases early gains
Reversing day's early gains, rupee closed lower by 21 paise at 53.12 against the dollar as relief to foreign funds o
strenuous GAAR provisions seemed short-lived. Forex dealers said the fall in rupee would have been steeper bu
RBI's intervention. Dealers said though General Anti-Avoidance rules (GAAR) had been postponed by one year
capital flows would take sometime to come back to Indian markets.
08-May-2012 11:34 PM
2 of 2
http://www.thehindu.com/business/markets/article3397383.ece?homepage...
The rupee had gained an impressive 56 paise on Monday after Finance Minister Pranab Mukherjee had deferre
implementation of GAAR by one year from April 2013 in Parliament. After touching a high of 52.68 in early trad
Tuesday, the rupee, moving in tune with the stock market, slumped to a low of 53.31 before concluding at 53.12
Keywords: Sensex, BSE, Nifty, NSE
Printable version | May 9, 2012 9:02:14 AM | http://www.thehindu.com/business/markets/article33973
The
08-May-2012 11:34 PM
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Foreign Markets
European blue chips fell 2.1%. the English FTSE 100 slipped 1.8% to 5555 and the German DAX dipped 1.9% to 6445.
In Asia, the Japanese Nikkei 225 rose 0.69% to 9182 and the Chinese Hang Seng slumped 0.25% to 20485.
Print
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NEW YORK (CNNMoney) -- U.S. stocks sank Tuesday, although the major indexes closed off session lows, as Greece's
uncertain political situation keeps investors on edge.
The Dow Jones industrial average ( INDU) fell 76 points, or 0.6%, to 12,932. The S&P 500 ( SPX) tumbled 6 points, or
0.4%, to 1,364. The Nasdaq ( COMP) declined 11 points, or 0.4%, to 2,946.
The selling picked up steam during the morning, with the S&P 500 touching a 2-month low, as stocks in Europe fell sharply.
But major indexes in the United Sates pared losses in the last hour of trading.
All eyes continue to be on Europe, after Greece's main center-right party failed to form a coalition government. Now, the
left-wing coalition, which is opposed to austerity as the way to close Greece's debt gap, will have three days to form a
government.
The latest development is feeding investors' fears that Greece might have to drop out of the eurozone.
"The political stalemate in Greece is casting a shadow over risk markets in general and equities in particular," said Nick
Stamenkovic, investment strategist at RIA Capital Markets in Edinburgh. "Investors are questioning whether Greece will be
a part of the single currency at the end of this year."
The Greek stock market fell 3.6%, adding to sharp losses in the previous session.
Greece could drop euro but tragedy won't follow
As various parties grapple with forming a coalition government in Greece, it's looking increasingly likely that new elections
will need to be held, most likely in mid-June. That throws into question whether Greece will be forced to renegotiate its
bailout funding.
Greek leftist leader Alexis Tsipras on Tuesday laid out the radical agenda he hopes to pursue if he becomes prime
minister, including the cancellation of international loan agreements to Greece that forced the country into sharp budget
cuts.
Meanwhile, European Union leaders are grappling with the need to boost economic growth during a time of austerity.
Early Tuesday, European Council president Herman Van Rompuy set May 23 as the date for an unscheduled EU summit,
announcing on his Twitter feed that it would be an "informal dinner."
In addition to the "re-circulating woes in Europe," investors were also rattled by weak sales numbers from McDonalds, said
Peter Tuz, portfolio manager at Chase Investment Counsel in Charlottesville, Va.
"More uncertainty in Europe is not good for U.S. markets, nor is the weakness in consumer-oriented stocks," said Tuz.
http://money.cnn.com/2012/05/08/markets/stocks/index.htm
08-May-2012
Page 2 of 2
U.S. stocks recovered from a shaky start Monday, following elections in France and Greece over the weekend.
World markets: European stocks fell sharply late in the day to end lower. Britain's FTSE 100 ( UKX) was down 1.7%.
The DAX ( DAX) in Germany shed 1.9%. In France, the benchmark CAC 40 ( CAC40) fell 3% one day after Socialist
party leader Francois Hollande won the nation's presidential election.
In the bond market, investors bought 1.3 billion worth of short-term Greek government bills out of 2.6 billion offered. The
yield was 4.69%, up from 4.55% at the last auction in April.
Asian markets ended mixed. The Shanghai Composite ( SHCOMP) slid 0.1% and the Hang Seng ( HSI) in Hong Kong
lost 0.2%, while Japan's Nikkei ( N225) rose 0.7%.
Companies: Shares of fashion accessories maker Fossil ( FOSL) plunged after it reported first-quarter revenue that
fell short of even the lowest forecasts.
Fast-food chain Wendy's ( WEN) reported operating income of 1 cent a share, falling short of analysts' forecasts for a
profit of 3 cents a share.
Shares for Electronic Arts ( EA) slipped after the video-game maker cut its first-quarter outlook for the period ending in
June.
The Government Accountability Office issued a report Tuesday that the U.S. Treasury may eventually turn a $15.1 billion
profit on its bailout of insurer AIG ( AIG, Fortune 500) when all final payments and asset sales are complete.
McDonald's Corp.'s ( MCD, Fortune 500) same-store sales increased 3.3%, both globally and in the U.S. market.
Analysts were expecting sales to grow 5%, according to Reuters. Sales rose 3.5% in Europe, but only 1.1% in the unit that
includes Asia-Pacific, Middle East and Africa.
In other corporate news, shares of DirecTV ( DTV, Fortune 500) slipped even as the broadcast satellite provider reported
slightly better earnings and sales in line with forecasts.
Entertainment conglomerate and Dow component Walt Disney ( DIS, Fortune 500) will report earnings after the close.
The studio had a blockbuster weekend with "The Avengers," which broke records with box office sales of $200.3 million
during opening weekend. Those sales will not be included in this report, while an estimated $200 million in losses on epic
bomb "John Carter" will.
Currencies and commodities: The dollar gained strength against the euro and British pound, but fell versus the
Japanese yen.
Oil for June delivery fell 93 cents to end at $97.01 a barrel.
Gold futures for June delivery dropped $34.60 to settle at $1,604.50 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury fell Tuesday, leaving the yield at 1.84%.
First Published: May 8, 2012: 9:39 AM ET
Fibonacci Basics
DailyFX
Never Mind Europe. Worry About
India.
The New York Times
[what's this]
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08-May-2012
The Hindu : Business / Markets : Sensex falls on inflation concern; RIL, b...
1 of 1
http://www.thehindu.com/business/markets/article3417466.ece?css=print
Business Markets
Published: May 14, 2012 15:57 IST | Updated: May 14, 2012 16:28 IST
Falling for the fifth day in a row, the BSE benchmark Sensex on Monday dipped by 77 points on profit selling by
funds in bluechips following spurt in inflation.
The fall was led by Reliance Industries, which declined to a 52-week low on sustained selling. Besides, the bank
sector stocks fell as inflation rose during April, reducing chances of a cut in interest rates.
The Sensex, which has lost nearly 620 points in the last four sessions, fell further by 77.14 points, or 0.47 per ce
16,215.84.
Traders said selling emerged as inflation moved up to 7.23 per cent in April from 6.89 per cent in March.
The broad-based National Stock Exchange index Nifty fell by 21.10 points, or 0.43 per cent, to 4,907.80, led by
refinery, banking and realty sector stocks.
Sensex heavyweight RIL tumbled by 2.32 per cent to Rs 681.15, while shares of countrys largest lender State Ba
India fell 0.65 per cent to Rs 1,840.20 and HDFC Bank declined 2.02 per cent to Rs 500.50.
Other losers of the index kitty were BHEL, DLF, ICICI Bank, ONGC, Tata Motors, Tata Steel, Tata Consultancy
Services, Sterlite Industries, HDFC Ltd, NTPC and Jindal Steel.
The oil and gas sector index suffered the most with a loss of 1.69 per cent to 7,420.47, followed by banking inde
by 1.61 per cent to 10,661.64.
Realty index lost 1.27 per cent to 1,541.89 and Power index by 0.79 per cent to 1,808.48.
Bucking the trend, Larsen and Toubro gained 1.84 per cent to Rs 1,159.80 on fresh buying following strong qua
earnings.
Keywords: Stocks closing
Printable version | May 15, 2012 6:36:22 AM | http://www.thehindu.com/business/markets/article34174
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Concerns that the political instability in Greece will rattle the fragile
eurozone currency bloc sent traders across the globe racing out of risky
assets and into the shelter of safe havens.
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Today's Markets
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The Dow Jones Industrial Average slid 125 points, or 0.98%, to 12695,
the S&P 500 dipped 15 points, or 1.1%, to 1338 and the Nasdaq
Composite dropped 31.2 points, or 1.1%, to 2903.
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Selling was broad-based on the day. The S&P 500 closed at its lowest
level since February, while oil settled at its lowest value of 2012. Every
one of the 10 S&P 500 sectors was to the downside, and five were off
by more than 1%.
Energy and financial shares took the worst selling on the day. Indeed,
JPMorgan Chase (JPM: 35.79, -1.17, -3.17%) was the worst
performing blue chip after it unveiled a management shakeup following
its disclosure last week of a $2 billion trading loss.
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"Given the severity of the repercussions of an exit for all euro area
members, we believe that such a scenario will be avoided at all
cost," Sree Kochugovindan, an analyst at Barclays Capital, wrote in a
note to clients. "However, the risks have increased substantially."
Traders were also grappling with an unexpectedly weak reading on
eurozone industrial production. The gauge fell 0.3% in March, compared
to expectations of a 0.5% gain. This comes a day ahead of the release
of gross domestic product data for the currency bloc, which is forecast
so show a modest decline.
Also on the European front, Spain saw its yields rise at a short-term
debt auction on Monday from a previous debt sale. While the offering
saw strong demand, the rising borrowing costs have increased fears
that it will be the next country to be hit by the eurozone debt crisis.
Benchmark indexes in France, Italy and Spain were all down more than
2%. The euro fell 0.36% to $1.2870.
Commodities took a hit across the board as well. Oil traded in New York
tumbled $1.35, or 1.4%, to $94.78 a barrel. It was the lowest settlement
value of the year for crude futures.
Wholesale New York Harbor gasoline dipped 1.4% to $2.96 a gallon.
In metals, gold dropped $23.00, or 1.5%, to $1,561 a troy ounce.
Foreign Markets
Eurozone blue chips slid 2.3%, the English FTSE 100 dropped 2% to
5466 and the German DAX sold off by 1.9% to 6452.
In Asia, the Japanese Nikkei 225 edged higher by 0.23% to 8974 and
the Chinese Hang Seng shed 0.81% to 2616.
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The Hindu : Business / Markets : Sensex tanks 252 points in early trade
1 of 1
http://www.thehindu.com/business/markets/article3424603.ece?homepage...
Business Markets
Published: May 16, 2012 09:48 IST | Updated: May 16, 2012 09:54 IST
PTI Stocks of auto, realty, banking, capital goods and metal sectors were under pressure, dragging down the Sensex.
The BSE benchmark Sensex fell sharply by over 252 points in the opening trade today on fresh selling by foreign
funds and retail investors, taking cues from weak Asian markets.
The 30-share barometer, which gained nearly 112 points in the previous sessions, fell by 252.07 points, or 1.54
cent, to 16,076.18.
Similarly, the wide-based National Stock Exchange Nifty index slid by 75.05 points, or 1.51 per cent, to 4,867.75
points.
Market experts said sentiments turned bearish largely on subdued trend on the other Asian bourses and profit
taking by speculators after previous sessions of gains.
In the Asian region, the Hong Kongs Hang Seng index shed 2.46 per cent and the Japans Nikkei was trading 1
per cent down this morning. In the U.S., the Dow Jones Industrial Average ended 0.50 per cent lower in the pre
session.
Keywords: sensex, share markets, stock markets
Printable version | May 16, 2012 12:39:49 PM | http://www.thehindu.com/business/markets/article34246
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Eurozone blue chips fell 1.1%, the English FTSE 100 slipped 0.51% to 5438 and the German DAX dipped 0.79% to 6401.
In Asia, the Japanese Nikkei 225 fell 0.81% to 8901 and the Chinese Hang Seng gained 0.81% to 19894.
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As of 3:00 p.m. ET, the Dow Jones Industrial Average fell 32.2 points, or
0.26%, to 12663, the S&P 500 slipped 3.9 points, or 0.29%, to 1334 and
the Nasdaq Composite gained 1.9 points, or 0.06%, to 2904.
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NEW YORK (CNN Money) -- Following a positive start, U.S. stocks closed in the red for a fourth straight session
Wednesday, as investors weighed strong U.S. economic data against ongoing uncertainty about Greece's political situation.
The Dow Jones industrial average ( INDU) fell 33 points, 0.3%, finishing at the lowest level since mid-January.
The S&P 500 ( SPX) dropped 6 points, or 0.4%, and the Nasdaq ( COMP) lost 20 points, or 0.7%. Both indexes closed
at the lowest level since early February.
Investors started the day encouraged by data that showed U.S. housing starts rebounded from a five-month low and
industrial production posted its fastest growth in over a year. Later in the day, anxiety over Greece's future took
precedence.
After politicians in Athens failed to agree on a coalition government, President Karolos Papoulias called for all parties to set
up a caretaker government that will conduct new elections next month.
The instability in Greece raises questions as to whether the country will be forced to leave the eurozone and what such a
move would mean for other troubled European economies.
European leaders scramble to contain Greek debt crisis
"We're not at a tipping point yet, but there's concern that we could get there if the Greek election on June 17 goes the way
of the previous one -- with an inconclusive result," said Michael Hewson, analyst at CMC Markets in London.
Investors were also spooked following reports that the European Central Bank has stopped providing liquidity to some
Greek banks.
Despite the uncertainty, comments from European leaders helped stem some pressure. German Chancellor Angela
Merkel reiterated that her country wants Greece to remain in the eurozone and will make every effort to help the nation get
on solid footing. She said she agreed with France's newly elected president Francois Hollande to consider measures to
spur growth in Greece.
Spanish Prime Minister Mariano Rajoy also said it would be 'a very big mistake' if Greece were to exit.
Borrowing costs initially surged, with Spain's 10-year yield jumping to 6.5%, before pulling back to 6.3%. Italian bond yields
also jumped to 6% before easing to 5.8%.
While Europe's debt crisis remains a broad concern for U.S. investors, hopes are high that U.S. financial institutions have
had ample time to protect themselves from the effects of contagion.
http://money.cnn.com/2012/05/16/markets/stocks/
16-May-2012
Page 2 of 3
"The U.S. banks have been taking many more steps to deal with delinquent loans and against European sovereigns,
something that European leaders have been extremely bad at," said Hewson.
Moreover, while the 27-nation European Union and the 17-nation eurozone are teetering on the edge of recession, the
U.S. economy continues to grow, albeit at a slow pace.
U.S. stocks closed at three-month lows Tuesday as the eurozone debt crisis continued to take a toll on the markets.
World markets: European stocks closed mixed. Britain's FTSE 100 ( UKX) rose 0.1% and France's CAC 40 ( CAC40)
added 0.3%, while the DAX ( DAX) in Germany slipped 0.3%.
Asian markets ended lower. The Shanghai Composite ( SHCOMP) fell 1.2% and Japan's Nikkei ( N225) dropped 1.1%,
while the Hang Seng ( HSI) in Hong Kong plunged 3.2%.
Economy: Housing starts jumped to an annual rate of 717,000 in April, from the revised level of 699,000 in March.
Analysts surveyed by Briefing.com had expected a rate of 680,000.
Meanwhile, building permits fell to an annual rate of 715,000 in April, from the revised figure of 769,000 in March. Analysts
expected permits to fall to 730,000.
April's reading "supports our view that housing is in recovery mode," said Paul Diggle, property economist at Capital
Economics. "We expect housing starts to rise further later this year."
Diggle also added that he doesn't expect the latest escalation in Europe to derail the U.S. housing recovery.
"After all, the fallout for the U.S. banking system from a Greek exit will be relatively limited," he said. "The flow of credit to
homebuilders, institutional buyers and households therefore shouldn't become materially tighter, allowing the volume of
housing starts to continue rising."
The Fed's reading on the nation's factory output was also better than expected. Industrial production rose 1.1% in April,
rising at the fastest pace since December 2010. Economists were forecasting that industrial production rose 0.5% in April
after being unchanged the previous month.
Meanwhile, the Fed also released the minutes from the April meeting of the Federal Open Market Committee.
According to the minutes, "several members indicated that additional monetary policy accommodation could be necessary if
the economic recovery lost momentum or the downside risks to the forecast became great enough."
In previous minutes, only "a couple of members" expressed support for further stimulus.
Companies: Facebook boosted the size of its IPO by 25%, seeking to raise up to $16 billion, according to an SEC filing.
Should you buy Facebook?
Shares of retailer JC Penney ( JCP, Fortune 500) tumbled after it reported a much bigger than expected loss for the most
recent quarter. The company also discontinued its dividend.
Staples ( SPLS, Fortune 500) reported earnings in line with expectations, but a surprise 1% drop in sales sent shares of
the office supply company lower.
Shares of Deere ( DE, Fortune 500) were lower even after the company beat expectations on its quarterly results and
raised its forecast.
Target ( TGT, Fortune 500) also beat expectations and increased its forecast, pushing shares higher.
Facebook: The IPO of the Virtual Passport -- StockTwits
According to documents filed with the SEC, Warren Buffett's Berkshire Hathaway ( BRKA, Fortune 500) built new
positions in General Motors ( GM, Fortune 500) and Viacom ( VIA) during the first three months of 2012.
The director of the FBI said Wednesday that the agency has opened an investigation into JPMorgan Chase ( JPM,
Fortune 500), the nation's largest bank, a week after the bank disclosed a $2 billion trading loss.
http://money.cnn.com/2012/05/16/markets/stocks/
16-May-2012
Page 3 of 3
Shares of Martin Marietta ( MLM) tumbled into the close after hedge fund manager David Einhorn of Greenlight Capital
said the company has many problems, while speaking at the Ira Sohn Research Conference in New York.
Shares of Amazon ( AMZN, Fortune 500) also slipped after the famed short seller knocked the company. Einhorn also
remains favorable on Apple ( AAPL, Fortune 500).
Meanwhile, shares of Herbalife ( HLF) popped 17% due to the fact that Einhorn didn't mention the company. Earlier this
month, its stock took a hit after Einhorn posed a series of questions to Herbalife executives during its earnings conference
call, asking for details about sales sources and disclosures that have been provided in the past.
Currencies and commodities: The dollar gained gained strength against the euro, British pound and Japanese yen.
Keystone isn't the only pipeline
Oil for June delivery fell $1.17 to $92.81 a barrel, the lowest since November.
Gold futures for June delivery lost $20.50 to settle at $1,536.60 an ounce, the lowest since last July.
Bonds: The price on the benchmark 10-year U.S. Treasury edged higher, pushing the yield down to 1.76% from 1.79%
late Tuesday.
First Published: May 16, 2012: 9:54 AM ET
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Today's Markets
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The Dow Jones Industrial Average fell 156 points, or 1.2%, to 12442,
the S&P 500 slipped 19.9 points, or 1.5%, to 1305 and the Nasdaq
Composite slid 60.4 points, or 2.1%, to 2814.
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BUSINESS
17 May 2012 Last updated at 18:40 ET
12442.49
-156.06
-1.24%
Nasdaq
2813.69
-60.35
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FTSE 100
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Concern over the eurozone debt crisis has continued to weigh on financial markets.
The euro fell for the sixth day against the US dollar, to $1.2688, as an interim Greek government was sworn in to steer the debtridden country into repeat elections in June.
European and US shares also declined, led by financial stocks.
Shares in Spain's Bankia dropped 15%, which reflects broader fears about the health of the Spanish banking sector.
Shares in French banks like Societe Generale and BNP Paribas dropped more than 3%.
In Germany, Deutsche Bank fell 1.9% and Commerzbank dropped 1.4%. The stock exchange Deutcshe Boerse was down more
than 7%.
UK banks also dropped, with Barclays down 3.8% and Royal Bank of Scotland declining 3.7%.
The Spanish government also had to pay sharply higher rates of interest to borrow money on the bond markets, raising investor
fears that the worst-case scenario - a bailout - will eventually be needed.
And ratings agency Moody's cut the credit ratings of 16 Spanish banks, a further blow to a country that is struggling to deal with
the bad debts of its banking sector.
'Start a fire'
Moodys also downgraded the credit ratings of four of Spain's regions - Catalonia, Murcia, Andalucia and Extremadura - and
warned there was only a "low probability that the regional governments will be able to meet the 2012 deficit target".
http://www.bbc.co.uk/news/business-18108716
17-May-2012
Page 2 of 2
Greece was also downgraded, to CCC from B-, by rival agency Fitch, which cited political uncertainty over the country's
commitment to its last bailout and possible exit of the eurozone.
With Greece facing elections and France under newly-elected President Francois Hollande refusing to sign a pact to force nations
to rein in debt, many feel that Europe is in disarray.
In New York, European Commission president Jose-Manuel Barroso told the UN that European Union member states and
institutions would "do whatever is necessary" to overcome the crisis.
"We need to stay the course, without being blind to an evolving economic situation," he said. "Fortunately, the rule book allows for
adaptability while remaining firmly focused on sustainability and ensuring sound public finances."
Writing in The Scotsman newspaper, Alistair Darling, who was the previous chancellor, said the impact of a Greek exit could be
severe.
"A Greek exit could start a fire that would spread all along the Mediterranean as other countries would come under pressure," he
wrote. "The repercussions, particularly in the banking sector, could cripple Europe for years to come."
The UK government has said the Treasury has been drawing up contingency plans in the wake of growing concern about the
future Greece's membership of the euro.
A Downing Street spokeswoman confirmed the National Security Council has been involved in the plans "for some time".
http://www.bbc.co.uk/news/business-18108716
17-May-2012
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Business Markets
Published: July 12, 2012 17:53 IST | Updated: July 12, 2012 17:53 IST
The Sensex today crashed by 257 points, its worst single-day fall in nearly seven weeks, after IT major Infosys sharp
cut in earnings outlook soured market sentiment prompting investors to shrug off even better-than-expected factory
output growth in May.
The BSE benchmark index, which had lost 129 points in the previous session, dropped further by 256.59 points, or
1.47 per cent to close at 17,232.55, recording the biggest single-day fall for the 30-share index after June 1 this year.
While Infosys first quarter profit at Rs 2,289 crore came in lower than expected, the stock tanked over 8 per cent as
the company revised it FY13 US dollar revenue growth guidance to 5 per cent year-on-year compared to 8-10 per cent
given at the end of March quarter.
Its larger rival TCS, which is expected to announce earnings later in the day, closed 1.80 per cent down while Wipro
shed 4 per cent as sentiment turned weak. The IT index lost a whopping 5.11 per cent on the BSE.
Infosys results disappointed on all counts... the key issue now is will a price war start in the sector and hence even
other companies could start exhibiting signs of strain, said Bhuvnesh Singh, analyst, Barclays.
As many as 21 stocks in Sensex today lost value with Bharti, M&M, Tata Motors and L&T losing in the 1.75-3 per cent
range as weak Asian cues and lower opening in Europe hit mood.
Keywords: share markets, stock markets, sensex
More In: Markets | Business
Printable v ersion | Aug 1 0, 2 01 2 8:2 0:1 9 AM | http://www.thehindu.com /business/m arkets/article3 63 1 6 53 .ece
The Hindu
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Business Markets
Published: July 20, 2012 16:50 IST | Updated: July 21, 2012 02:25 IST
Shares fell on Friday on concerns over differences in the UPA coalition with the BSE Sensex dropping by 120 points,
snapping a three-day upsurge.
Banking, capital goods, realty and power stocks dropped the most on reports that the Reserve Bank of India was
planning to tighten norms for loan restructuring of corporates. Under the impact of slowdown, several companies are
knocking the doors of banks seeking recast of their debt burden.
The BSE benchmark index fell by 120.41 points to 17158.44. Similarly, the 50-share National Stock Exchange index
Nifty fell by 37.60 points to 5205.10.
Brokers said investors became cautious following differences between the Congress and Agriculture Minister Sharad
Pawar-led NCP which has raised questions over functioning of the government and the UPA coalition.
Traders said the mood was further hit after the Reserve Bank Working Group gave recommendations about
prudential guidelines on restructuring of advances by banks and financial institutions.
Keywords: sensex, BSE, stocks close
More In: Markets | Business
Printable v ersion | Aug 1 0, 2 01 2 8:2 2 :3 9 AM | http://www.thehindu.com /business/m arkets/article3 661 968.ece
The Hindu
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Business Markets
Published: July 26, 2012 17:26 IST | Updated: July 26, 2012 17:26 IST
Dragged by interest-rate sensitive sectors, the Sensex on Thursday fell to a six-week low by dropping over 206 points
amid concerns that RBI may keep interest rates unchanged at its policy review next week and tepid earnings of ITC.
The BSE benchmark index, which had lost 72 points in the previous session, opened marginally higher but shares in
capital goods, PSU, banks, FMCG and IT faced selling pressure throughout the session. The Sensex fell by 206.23
points, or 1.22 per cent to 16,639.82, a level last seen on June 7, 2012.
Led by Tata Motors which fell close to 4 per cent, 22 stocks including Tata Power, Wipro, Sterlite and SBI closed with
losses in the 30-share index.
Shares of ITC, closed 2 per cent down, after its first quarter revenue at Rs. 6,652 crore could not beat expectations.
On similar lines, the 50-share National Stock Exchange index Nifty lost 66.60 points, or 1.30 per cent to 5,043 with
most of the interest-related sectors ending lower.
Fears of rising inflation, driven by possible hikes in fuel and commodity prices have raised fresh concerns that the
Reserve Bank of India might keep rates unchanged on July 31 even as rains continue to be poor, they added.
The BSE Realty sector suffered the most damage today by losing 3.07 per cent with DLF falling 2.85 per cent while
Parsvnath Developers tanked 20 per cent. The capital goods sector fell over 2 per cent with Bhel and L&T dropping
close to 2 per cent each.
Experts also said June quarter earnings have been tepid and that is another reason for FIIs selling stocks for the last
2-3 days. IT majors Infosys, TCS and Wipro fell on concerns the deepening eurozone debt crisis might hurt IT services
demand.
Keywords: BSE, Sensex, stock market, sensex close
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Business Markets
Published: August 1, 2012 09:51 IST | Updated: August 1, 2012 09:51 IST
The BSE benchmark Sensex declined by nearly 36 points in early trade on Wednesday, snapping three-session rising
streak, as participants booked profits after recent gains amid a weak trend overseas.
The 30-share barometer, which had gained over 598 points in the last three sessions, fell by 35.91 points, or 0.20 per
cent, to 17,200.27.
In a similar fashion, the wide-based National Stock Exchange index Nifty shed 14.95, or 0.28 per cent, to 5,214.05
points.
Brokers said emergence of profit-booking by funds and retail investors after three sessions of gains mainly dampened
the trading sentiment.
Besides, a weak trend on Asian bourses following weak Chinese manufacturing data too had influenced the market.
In Asian region, Hong Kongs Hang Seng fell 0.02 per cent, while Japans Nikkei shed 0.99 per cent in early trade on
Wednesday.
The U.S. Dow Jones Industrial Average ended 0.49 per cent lower in Tuesdays trade as investors looked to the Federal
Reserves two-day monetary policy meeting.
Keywords: Sensex, Nifty, BSE, NSE
More In: Markets | Business
Printable v ersion | Aug 1 0, 2 01 2 8:2 3 :3 2 AM | http://www.thehindu.com /business/m arkets/article3 7 1 07 59 .ece
The Hindu
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Business Markets
Published: August 3, 2012 09:50 IST | Updated: August 3, 2012 10:58 IST
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The BSE Sensex on Friday dropped by another 166 points in late morning trade due to persistent selling pressure
from operators, mainly in metal, capital goods, realty, power and auto sectors triggered by weak global cues.
The 30-share index resumed lower at 17,164.48 and dropped further to 17,052,95 before quoting 17,058.63 points at
10.15 a.m., showing a net loss of 165.73 points, or 0.96 per cent, from Thursdays close.
The NSE 50-share Nifty also dropped by 51.25 points, or 0.98 per cent, to 5,176.50 at 10.15 a.m.
Major losers were Tata Steel (2.69 per cent), Sterlite Ind (2.58 per cent), Hindalco Ind (2.35 per cent), Tata Motors
(1.99 per cent), Coal India (1.99 per cent), BHEL (1.91 per cent), Jindal Steel (1.76 per cent) and Larsen (1.75 per cent).
Asian stocks dropped for the third day on Friday after European Central Bank (ECB) president Mario Draghi failed to
deliver immediate action to stem the regions debt crisis.
Key benchmark indices in Hong Kong, Indonesia, Japan, Singapore, South Korea and Taiwan fell by between 0.09 per
cent to 1.25 per cent.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock
markets, opening trade
RELAT ED NEWS
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Business Markets
Published: August 29, 2012 10:06 IST | Updated: August 29, 2012 17:21 IST
The BSE benchmark Sensex fell for the fourth straight day on Wednesday, losing 141 points, as funds sold ahead of the
settlement in this months derivatives contracts and GDP data, amid a weak trend in global equities.
The Sensex, which had lost 219 points in the last three trading sessions, fell further by 140.90 points, or 0.80 per cent
to 17,490.81 led by stocks of realty, metal and auto sectors.
NSE 50-scrip index Nifty dipped below the psychological 5,300 level after August 10 to end with a loss of 46.80
points, or 0.88 per cent to 5,287.80.
Brokers said selling pressure gathered momentum as major market players squared positions ahead of the settlement
in this months derivatives contracts and the first quarter GDP data on Friday.
They said the stock market also turned cautious amid concerns that policymakers have limited room to boost the
weakening economy, amid political logjam on the CAG report on coal block allocations.
Sentiment further dampened on a weakening trend in global markets on deepening eurozone debt crisis and lower
earnings by leading companies.
As many as 21 stocks in the Sensex declined, while HDFC Bank ended unchanged.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock
markets, opening trade
More In: Markets | Business
Printable v ersion | Sep 1 7 , 2 01 2 6:2 5:04 AM | http://www.thehindu.com /business/m arkets/article3 83 4 7 7 3 .ece
The Hindu
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Business Markets
Published: August 31, 2012 16:54 IST | Updated: August 31, 2012 16:54 IST
The Sensex on Friday plunged nearly 161 points dragged down by power, metal and oil&gas stocks as better-thanexpected 5.5 per cent growth in first quarter dashed hopes of interest rate cut, amid a weak global trend.
After a slow start, the BSE benchmark index dropped to 17,337.61 soon after the Gross Domestic Product number was
announced. It attempted to stage a comeback and went up to 17557.62 but lost the momentum to close at 17,380.75,
down 160.89 points or 0.92 per cent over yesterday closing value.
Poor showing by the manufacturing sector pulled down the GDP growth to 5.5 per cent in the April-June quarter, the
decades worst Q1 performance, but was a higher than the 5.3 per cent estimate put out by most economists.
Sustained selling in RIL, ITC, TCS and ICICI Bank weighed on the 30-share index where Hindalco, CIL and Bhel were
among the worst performers losing over 2 per cent each.
Brokers said the better-than-expected growth might hamper government efforts to revive the economy and force the
RBI to ease lending rates.
GDP growth in Q1FY13 witnessed a marginal improvement...
Given any credible steps towards fiscal consolidation so far and RBIs prevalent hawkish stance, we do not expect RBI
to cut rates in the September meeting, said Espto Santo Securities Cheif India Economist Deepali Bhargava.
Out of the 13 BSE sectoral indices, 12 ended lower with power, metal, oil&gas, realty and auto losing over one per cent
each.
The 50-share National Stock Exchange index Nifty lost 56.55 points, or 1.06 per cent to close at 5,258.50.
Keywords: Bombay Stock Exchange, GDP
More In: Markets | Business
Printable v ersion | Sep 1 7 , 2 01 2 6:2 5:4 5 AM | http://www.thehindu.com /business/m arkets/article3 84 4 2 2 0.ece
The Hindu
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Business Markets
Published: September 5, 2012 16:44 IST | Updated: September 5, 2012 16:44 IST
The Sensex on Wednesday shed 128 points as heavy selling in ICICI Bank, L&T and RIL dragged the index to onemonth low levels, amid an insipid trend in global markets ahead of a crucial ECB meeting on Thursday.
The Bombay Stock Exchange benchmark index, which had gained 56 points on Tuesday, opened weak and traded in
negative terrain for most of the session as metal, capital goods and bank shares were under pressure. The rupee,
which slipped to near 56-levels against the US dollar, also made investors nervous.
A nearly 3.6 per cent drop in ICICI Bank shares and L&T, which lost nearly 3 per cent weighed down the 30-share
Sensex where 21 stocks lost value. RIL, which shed one per cent, also soured the sentiment. The Sensex ended 127.53
points, or 0.73 per cent down at 17,313.34, its lowest closing since August 3.
Metal shares led the decline following the weakening in global commodity prices as demand slows. Jindal Steel &
Power and Hindalco hit 52-week lows. Selling pressure continued in capital goods on concerns of slowdown in the
economy and consequent delay in execution of major power projects, said Nidhi Saraswat, Senior Research Analyst,
Bonanza Portfolio.
The coal block allocation issue also cast its shadow on Parliament for the eleventh day on Wednesday paralysing
proceedings with BJP remaining unrelenting on the demand for resignation of Prime Minister Manmohan Singh.
Brokers said a weak trend in the Asian region and lower opening in Europe ahead of European Central Banks meeting
on Thursday, further influenced the domestic sentiment.
The 50share National Stock Exchange index fell by 48.30 points, or 0.92 per cent to close at 5,225.70.
Among sectoral indices, BSE-Metal suffered the most falling by 2.64 per cent on reports of falling base metal prices on
the London Metal Exchange.
The BSE-Capital Goods sector index logged the second worst performer by losing 2.54 per cent. The BSE-Bankex
declined 1.82 per cent on worries over bad loans and growth prospects amid reports that Morgan Stanley has
downgraded rating on Axis Bank to underweight from equal weight.
Keywords: BSE, Sensex, stock market, stocks close
More In: Markets | Business
Printable v ersion | Sep 1 7 , 2 01 2 6:2 7 :2 1 AM | http://www.thehindu.com /business/m arkets/article3 86 2 2 1 3 .ece
The Hindu
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Business Markets
Published: September 27, 2012 09:55 IST | Updated: September 27, 2012 17:07 IST
Reversing its earlier gains, the BSE benchmark index Sensex closed lower by 53 points on fag-end selling in heavyweight stocks, including Infosys and Reliance Industries.
The 30-share BSE barometer, which had climbed to 18,735.95 points in early trade, fell by 52.67 points, or 0.28 per
cent, to settle at 18,579.50 points.
The broad-based Nifty of the National Stock Exchange fell by 13.95 points, or 0.25 per cent to 5,649.50, after
touching the days high of 5,693.70.
Brokers said investors squared up their pending positions following monthly expiry in the derivatives segment.
They said selling pressure was so strong that a better trend in global markets failed to check the falling trend.
Reliance Industries dropped by 1.65 per cent to Rs 830.20 and Infosys by 1.47 per cent to Rs 2,548.70. The two scrips
carry nearly 18 per cent weightage on the benchmark.
IT stocks were down due to concerns over demand outlook from global markets and the recent rally in the rupee.
These companies get over 50 per cent revenue from the US and European markets.
Among 30BSE index components, 19 stocks fell.
Stocks of refinery, information technology and metal sectors suffered heavy losses.
Bucking the general weak trend, stocks of fast moving consumer goods and capital goods ended with gains. ITC rose
by 1.25 per cent to Rs 266.50 and Hindustan Unilever by 1.59 per cent to Rs 536.15.
Keywords: sensex, BSE, NSE, Nifty, closing trade
More In: Markets | Business
Printable v ersion | Sep 3 0, 2 01 2 9:3 1 :2 6 AM | http://www.thehindu.com /business/m arkets/late-selling-pulls-down-sensex/article3 9 4 1 3 88.ece
The Hindu
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Business Markets
Published: October 8, 2012 16:50 IST | Updated: October 8, 2012 16:50 IST
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37,
The Sensex on Monday fell by over 229 points to close at 18,708.98, its lowest in 10 days, on heavy selling in RIL, SBI
and L&T amid weakness in European stocks ahead of a key meeting to discuss the regions debt crisis.
After opening slightly weaker on weak Asian cues, the BSE benchmark index stayed in the negative zone throughout
the session and touched the days low of 18,684.40.
Dragged down by realty, oil and gas, capital goods and consumer durable shares, Sensex finally closed 229.48 points
or 1.21 per cent lower at 18,708.98. This is the lowest closing for the index since 18,579.50 on September 27.
The 50-share NSE Nifty index ended 70.95 points down or 1.23 per cent at 5,676. Selling pressure in heavyweights
led to fall of over 1 per cent today. Lower opening of European indices as well as weaker US Futures also hit
sentiment, said Nidhi Sarswat, Senior Reseach Analyst, Bonanza Portfolio.
RIL was the worst hit among 30-share Sensex on Monday as it dropped 4.51 per cent. Hindalco (3.52 pc), Bhel (3.44
pc), L&T (3.09 pc), SBI (2.97 pc), Tata Motors (2.87 pc), Tata Power (2.5 pc) and Wipro (2.18 pc). Pharma stocks,
however, bucked the trend.
In BSE, 1,515 stocks fell while nearly 1,383 scrips rose. M-cap fell by Rs 62,000 crore to Rs 65.71 lakh crore.
Globally, European stocks are trading over 1 per cent down on reports that World Bank has cut its East Asian growth
forecast. Sentiments were also weak ahead of Eurozone finance ministers meeting shortly to discuss the regions debt
crisis.
Meanwhile, the rupee slumped over 1 per cent to 52.51 against the US dollar in afternoon trade.
Keywords: BSE, NSE, Sensex, Nifty, Reliance Industries, State Bank of India
More In: Markets | Business
Printable v ersion | Oct 9, 2 01 2 8:2 2 :3 2 AM | http://www.thehindu.com /business/m arkets/sensex-drops-to-a-1 0day -low-ril-sbi-am ong-worsthit/article3 9 7 7 87 5.ece
The Hindu
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Business Markets
Published: October 10, 2012 16:47 IST | Updated: October 10, 2012 16:47 IST
The Sensex today tumbled by 162 points to close at 18,631.10 on across-the-board selling due to Standard & Poors
warning of a one-in-three chance of Indias rating being downgraded in two years.
The S&P downgrade threat, which came a day after the IMF slashed the countrys growth forecasts for 2012 to 4.9 per
cent, dampening the sentiment further.
After resuming over 100 points lower, the BSE benchmark index failed to stage a recovery amid fresh concerns over
the sluggish global economic growth and Eurozone debt crisis.
The rupee also wilted under pressure and fell below the 53-mark against the US dollar in early trade.
With 27 stocks of the 30-share Sensex ending lower, the Sensex closed near days lows at 18,631.10, down 162.26
points or 0.86 per cent. Likewise, NSE Nifty fell below 5,700 level by losing 52.45 points, or 0.92 per cent, to 5,652.15.
Traders said investors hurriedly cut positions as S&Ps warning of a downgrade comes a day after IMF cited low
business confidence and sluggish structural reforms for lowering its growth forecast for India.
SBI, which dropped 2.32 per cent, was the biggest loser among Sensex. It was followed by Tata Power, Hindalco,
BHEL, NTPC and M&M. Wipro fell by 1.72 per cent while Infosys fell 1.3 per cent ahead of September quarter results
on Friday.
Private lenders HDFC Bank and ICICI Bank dropped around one per cent each. However, ITC, RIL and Hero
MotoCorp bucked the negative trend.
Barring FMCG index, the other 12 sectoral benchmarks today fell. Realty shares were hit hard after DLF tanked 5 per
cent.
Overall, just 978 stocks today advanced while 1,929 scrips declined as market breadth was significantly negative.
Dealers said a weakening trend in the Asian region and lower opening in Europe also hit the domestic market trading.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock markets, closing
trade
More In: Markets | Business
Printable v ersion | Oct 1 1 , 2 01 2 5:58:3 8 AM | http://www.thehindu.com /business/m arkets/sensex-tum bles-by -1 6 2 -points/article3 9 84 555.ece
The Hindu
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Business Markets
Published: October 12, 2012 16:46 IST | Updated: October 12, 2012 16:46 IST
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The Sensex on Friday dropped by nearly 130 points to close at 18,675.18 on lower-than-expected Infosys earnings and
a cut in its full-year sales guidance, amid slowing industrial production growth in August.
The BSE benchmark index opened nearly 78 points lower dragged down by Infosys scrip which tanked nearly 8 per
cent on reports the IT majors July-September quarter revenues and profits failed to beat market expectations.
Infosys posted 24.3 per cent jump in consolidated net profit at Rs 2,369 crore while its revenues were up 21.7 per cent
at Rs 9,858 crore. The scrip pared some losses to close at Rs 2,395.65, down 5.36 per cent.
The Sensex, which had climbed 174 points in the previous session, closed lower by 129.57 points, or 0.69 per cent to
18,675.18. Infosys, Wipro and Bharti Airtel were major losers.
Brokers said market sentiment was hit due to a cut in Infosys profit margin and sales outlook.
Infosys lowered its revenue growth guidance for the current financial year to 17.3 per cent from the earlier target of
19.7 per cent, setting off alarm bells.
It was a down day for markets...for fourth quarter in a row, Infosys stock crashed post results. Infosys guided about
challenging times and trimmed down its FY13 guidance, said Nagji K Rita, CMD, Inventure Growth & Securities.
Dealers said industrial production growth slowing to 2.7 per cent in August compared to 3.4 per cent in the same
month last year, also upset market participants.
We do not believe this IIP data will have a bearing on the policy stance, although inflation data (on Monday) will still
be crucial, said Kapil Gupta, analyst, Edelweiss.
The Sensex staged a partial recovery from the days low levels on the back of over 1 per cent gain in HDFC Bank shares
as the lender posted 30 per cent rise in quarterly profit.
In 30-share Sensex, 16 stocks declined while 14 scrips including GAIL, Tata Power and Hindalco ended higher.
The 50-share National Stock Exchange index Nifty fell by 32 points, or 0.56 per cent to 5,676.05, after touching the
days low of 5,659.35.
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Business Markets
Published: November 16, 2012 17:04 IST | Updated: November 16, 2012 17:04 IST
Falling for the sixth straight day today, the BSE benchmark Sensex tumbled 162 points to end at nearly two-month
low on late selling in realty, banks and auto shares as the RBI dashed hopes of an early rate cut saying inflation is still
quite high.
Weak trends in global markets on Eurozone debt worries and the rupee trading above 55-levels against the dollar also
hit the sentiment. After a better start at 18,563.32, the Sensex erased early gains after selling in rate-sensitives
gathered pace in the last half hour of trading.
The 30-share Sensex closed 162 points, or 0.88 per cent, lower at 18,309.37 a level last seen on September 20.
At 7.45 per cent inflation is certainly quite high, RBI Governor D Subbarao told reporters on the sidelines of a
function in Pune, adding the central bank is always on high alert on the inflation front.
After headline inflation fell to an 8month low of 7.45 per cent in October, investors had hoped for a rate cut in
December when RBI reviews the monetary policy, said traders.
ICICI Bank lead the 24 losers in 30share Sensex, followed by Tata Motors, SBI, Bhel, Maruti and HDFC.
Analysts said the rupee falling against dollar and worries over slowing global growth further forced investors to sell
holdings.
The mood also turned cautious ahead of the Winter session of Parliament which starts on November 22. The
important economic agenda for the session includes amendment to the Insurance Bill to raise FDI cap from 26 to 49
per cent, Banking Regulation Amendment Bill and Direct Taxes Code.
The National Stock Exchange index Nifty traded below crucial 5,600 mark level by falling 56.95 points, or 1.01 per
cent to 5,574.05.
Keywords: sensex, BSE, Nifty, NSE, closing trade
More In: Markets | Business
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Printable v ersion | Nov 1 7 , 2 01 2 6:00:51 AM | http://www.thehindu.com /business/m arkets/sensex-drops-1 62 -points/article4 1 01 7 67 .ece
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Business Markets
Published: November 28, 2012 09:24 IST | Updated: November 28, 2012 09:24 IST
Lack of progress in negotiations for a deal to avoid a U.S. budget crisis before a January deadline sent Asian stock
markets lower on Wednesday.
President Barack Obama and U.S. lawmakers have until Jan. 1 to reach a deal to trim the countrys unwieldy deficit.
Otherwise, a series of automatic tax increases and sharp spending cuts will take effect that could drag the worlds No.
1 economy into recession.
A highranking member of the U.S. Senate unnerved investors and sent Wall Street lower on Tuesday after
expressing frustration over the budget impasse and the looming fiscal cliff.
Japans Nikkei 225 index fell 0.8 per cent to 9,348.55, a day after closing at a seven-month high. South Koreas Kospi
shed 0.8 per cent to 1,909.56 and Australias S&P/ASX 200 lost 0.5 per cent to 4,434.90. Hong Kongs Hang Seng fell
0.8 per cent to 21,672.98.
Mr Obama plans to make a public case this week for his strategy for dealing with the issue as he pressures opposing
lawmakers to allow tax increases on the wealthy while extending tax cuts for families earning $250,000 or less.
On Wall Street, reports released Tuesday showing increases in U.S. consumer confidence and orders for machinery
and equipment failed to boost stocks significantly.
If one could just take politicians and the fiscal cliff out of the picture, an optimistic outlook would be far easier to
cobble together. Theres been depressingly little news of cliff breakthroughs, or even developments, of late, said
analysts at DBS Bank Ltd. in Singapore in an email commentary.
The Dow Jones industrial average fell 0.7 per cent to close at 12,878.13. The Standard & Poors 500 index fell 0.5 per
cent to close at 1,398.94. The Nasdaq composite fell 0.3 per cent to 2,967.79.
Benchmark oil for January delivery was down 8 cents to $87.10 per barrel in electronic trading on the New York
Mercantile Exchange. The contract fell 56 cents to finish at $87.18 per barrel on the Nymex on Tuesday.
In currencies, the euro fell to $1.2936 from $1.2939 on Tuesday in New York. The dollar fell to 81.90 yen from 82.17
yen.
Keywords: Asian stocks
More In: Markets | Business
Comments Recommended Post a comment
Printable v ersion | Nov 2 9 , 2 01 2 6:3 4 :01 AM | http://www.thehindu.com /business/m arkets/asia-stocks-fall-as-talks-ov er-us-budget-stall/article4 1 4 2 6 84 .ece
The Hindu
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U.S. stocks ended lower Monday, lurching into the final month of the year with all eyes on the stalemate in Washington over the
nation's fiscal policy.
A survey of purchasing managers highlighted the cloudy outlook for the economy as lawmakers and President Obama remain at
odds over tax hikes and spending cuts set to kick in automatically on Jan. 1, widely known as the fiscal cliff.
The ISM manufacturing index contracted in November, falling to its lowest level since July 2009. Economists said the drop in
manufacturing activity was driven by concerns about the fiscal cliff, rather than disruptions due to Hurricane Sandy.
"This survey may indicate that businesses are concerned enough about the fiscal cliff to put spending and hiring decisions on
hold," said Paul Dales, senior economist at Capital Economics.
Separately, the government said construction spending rose 1.4% in October from September. And car sales rebounded even
more than expected in November after being hurt a month earlier by the storm that wreaked havoc on the East Coast.
After opening higher, the Dow Jones industrial average and the S&P 500 both fell nearly 0.5%. The Nasdaq lost 0.3%.
Investors are grappling with an uncertain political environment as the White House and Congress have just four weeks to come
up with a solution to a self-imposed crisis that economists say could tip the nation back into recession.
Related: Fiscal cliff quiz: How much will taxes go up?
Obama outlined an initial proposal last week by calling for $1.6 trillion in new taxes, among other things. Republicans issued a
counter proposal Monday that includes tax reforms, changes to Medicare and other spending cuts worth $2.2 trillion over the
next decade.
"The question now is whether enough common ground can be found to come to an agreement before the end of the year," said
Jason Pride, director of investment strategy at wealth management firm Glenmede. He expects a last-minute delay of the fiscal
cliff, "but we do not believe that the risk of inaction is immaterial."
After a go-nowhere November, some investors are expecting a rebound in December, if history is any guide. December has been
the strongest month of the year for stocks over the past 30 years, as investors close out positions and square portfolios,
according to research from Schaeffer's Investment Research. There hasn't been a negative December since 2007.
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After the market closed, Oracle ( ORCL, Fortune 500) announced plans to make its second, third and fourth quarter dividend
payments on Dec. 21. The tech giant is the latest in a string of companies to have accelerated dividend payments in anticipation
of higher tax rates under the fiscal cliff.
Shares of computer maker Dell ( DELL, Fortune 500) jumped nearly 5% after Goldman Sachs ( GS, Fortune 500) upgraded its
stock from sell to buy. Shares of Advanced Micro Devices Inc ( AMD, Fortune 500), which makes chips for Dell computers,
gained 7.5%.
Qihoo 360 ( QIHU) shares surged 9% after a report in the Wall Street Journal said the Chinese Internet company was gaining
market share from larger rival Baidu Inc ( BIDU).
Dean Foods ( DF, Fortune 500) announced plans to sell its Morningstar division, which makes "extended shelf-life" products,
to Saputo Inc. for $1.45 billion.
Positive data on China's manufacturing sector gave Asian markets an early boost. But fiscal cliff fears ultimately weighed on
markets there as well. The Shanghai Composite lost 1%, the Hang Seng declined 0.9% and Japan's Nikkei posted a small gain.
Related: There's hidden value in CASSH
European markets ended higher, amid the positive news out of China, and signs of the eurozone crisis easing, as Greece
announced details of a debt buyback linked to its revised EU-IMF rescue. The FTSE 100 ( UKX) in London edged up less than
0.1%. The DAX ( DAX) in Germany and France's CAC 40 ( CAC40) both gained 0.3%.
The dollar lost ground against the Japanese yen, British pound and euro. In commodities market, oil and gold prices were
higher.
U.S. Treasuries, meanwhile, sold off, with the yield on the benchmark 10-year note rising to 1.63%.
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U.S. stocks ended lower Friday as concerns about the fiscal cliff continue to eclipse signs of improvement in the globa
economy.
The Dow Jones industrial average fell nearly 0.3%, the S&P 500 declined 0.4%. The Nasdaq fell 0.7%, dragged low
by shares of Apple ( AAPL, Fortune 500).
"There's not much going on today," said Ryan Detrick, senior technical analyst at Schaeffer's Investment Research. Th
market is "handcuffed" by the political standoff in Washington over spending and taxes, he added.
It was a lackluster end to a mixed week. Stocks rallied Tuesday in anticipation of more stimulus measures from the
Federal Reserve. But stocks ended lower Wednesday after the central bank officially unveiled widely-expected plans t
buy more bonds. The selling continued Thursday and Friday, with the major gauges all ending lower for the week.
The Dow, S&P 500 and Nasdaq all fell less than 0.5% for the week.
Wall Street has been in a funk for weeks as President Obama and lawmakers in Congress remain locked in negotiatio
over tax hikes and spending cuts set to kick in automatically on Jan. 1. While many expect a last-minute compromise,
latest rhetoric from both sides suggests the talks are far from over.
The muted trading Friday came despite a major rally in Chinese stocks on continued improvement in the nation's
manufacturing sector and speculation Beijing will allow funds to buy more assets. The Shanghai Composite rose 4.3
marking its biggest one-day gain since 2009.
Investors also shrugged off the latest reports on the U.S. economy.
The Federal Reserve reported that industrial production jumped 1.1% in November, although economists said the large
than-expected increase was due to Hurricane Sandy.
Separately, U.S. consumer prices fell 0.3% in November, the Commerce Department said. Core CPI, which excludes
16-Dec-2012 1:21 PM
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volatile food and gas priced, edged up 0.1% last month. The data suggest that inflation remains tame, paving the way
the Fed to maintain its stimulus policies.
"The risks surrounding the fiscal cliff outweigh the rewards of good economic news," said Oliver Pursche, president of
Gary Goldberg Financial Services. "It's the notion that our politicians just don't get it and are willing to play chicken wit
our economy."
Shares of software firm Adobe Systems ( ADBE) surged following quarterly earnings that beat expectations.
Investors will also be watching UBS ( UBS) after published reports indicated the bank faces a $1 billion Libor-related
penalty.
Best Buy ( BBY, Fortune 500) shares sank after the company's board agreed to extend the deadline for a takeov
bid by ex-CEO and Best Buy founder Richard Schulze.
Apple shares declined after UBS lowered its 2013 earnings per share estimate for the company.
Facebook ( FB) shares were also in the red, as investors gear up for another lockup expiration. About 156 million sh
held by Facebook employees will be released into the market.
Fear & Greed Index
European markets ended mixed. A survey of purchasing managers in the euro area edged up to 47.3 in November fro
46.5 in October, according to preliminary data from Markit. The eurozone composite PMI, which reflects activity in
manufacturing and the services sector, has increased for two months in a row and stands at a 9-month high.
In Asia, the Shanghai Composite was the biggest gainer. Shares in Hong Kong also advanced, but Japan's stock
exchange ended lower ahead of this weekend's parliamentary elections.
A new analysis by a United Nations agency stated if the U.S. falls off the cliff, some Asian countries could see growt
decline by up to 2.2 percentage points, with particularly negative ramifications for export-based economies such as
Singapore and Hong Kong.
GDP growth in China, now the world's second largest economy, could slow by nearly one percentage point in the
worst-case scenario.
Oil and gold prices edged higher as the U.S. dollar fell in the currency market. Bond prices rose, with the yield on t
10-year Treasury note falling to 1.7%.
2012 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privac
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16-Dec-2012 1:21 PM
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U.S. stocks fell Wednesday, as investors wait for politicians to reach an agreement that puts an end to the Washington gridlock
on the fiscal cliff.
The Dow Jones Industrial Average, the S&P 500 and the Nasdaq all closed down between 0.3% and 0.8%.
Earlier in the day, investors seemed willing to dismiss the latest warning from ratings agency Fitch, which reiterated it may strip
the U.S. of its AAA credit rating if Washington is unable to strike a deal soon to avert the fiscal cliff and allow borrowing to rise.
But the pace of selling picked up as the day wore on.
Even though stocks lost ground Wednesday, markets have had strong gains in the past few days, as investors welcomed signs of
an end to the weeks-long stalemate in Washington over tax hikes and spending cuts set to kick in on Jan. 1.
Aside from the fiscal cliff talks, investors got an update on the nascent housing market recovery. The news wasn't good -- the
Census Bureau said housing starts fell 3% in November to an annual rate of 861,000.
Early Wednesday, UBS ( UBS) said it will pay $1.5 billion to settle claims in the U.S., U.K. and Switzerland over rigging Libor
benchmark interest rates. The Department of Justice announced that two former UBS traders face criminal charges. The
settlement was widely expected, and shares of UBS were slightly lower after earlier gains.
Also, the Treasury Department announced it will exit all of its investment in General Motors ( GM, Fortune 500) within the
next 12-15 months as part of its efforts to wind down its investments in the Troubled Asset Relief Program (TARP). Shares of
GM were up nearly 7%.
Trading firm Knight Capital ( KCG) said it will merge with rival and partial owner Getco, just three weeks after Getco made
its offer. Knight Capital stock gained nearly 6%.
Related: America's Debt Challenge
In other corporate news, FedEx ( FDX, Fortune 500) reported that earnings fell due to a weakened global outlook and the
impact of Superstorm Sandy. FedEx is often viewed as a bellwether for the broader economy due to the global scope of its
business. Profits were down, but they topped forecasts. Shares of the shipping giant edged slightly higher.
Cereal maker General Mills (
GIS, Fortune 500) posted better-than-expected quarterly earnings Wednesday morning as well.
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ORCL, Fortune 500) reported quarterly profits and revenue that beat
Shares of U.S. gun makers bounced back a bit Wednesday after struggling following the tragedy at the Sandy Hook elementary
school in Connecticut Friday. Both Sturm Ruger ( RGR) and Smith & Wesson ( SWHC) gained roughly 7%. Shares of Cabela's
( CAB), a sporting goods retailer that specializes in hunting gear and guns, were also higher.
Fear & Greed Index
European markets shrugged off the UBS settlement news and closed higher.
Most Asian markets ended broadly firmer, though the Shanghai Composite ended close to flat. Japanese stocks continued to
lead the way on expectations of new measures to stimulate the economy. The Bank of Japan is expected to announce an increase
in its asset-purchase program on Thursday.
The dollar was steady against most major currencies, and continued to gain against the yen, which has been hit by the talk of
further monetary stimulus.
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Stocks fell around the world as prospects for a U.S. budget deal faded
LONDON (CNNMoney)
Fiscal cliff was one of Collins dictionary's words of 2012, along with Gangnam Style and Eurogeddon. But those who hoped the
phrase would be redundant next year might be disappointed.
Washington is winding down for the holidays without a plan to prevent New Year tax increases and spending cuts that could
send the U.S. into recession.
Lawmakers will have a last chance this year to cut a deal on the fiscal cliff when they return on Dec 27.
With much of Europe, and Japan, already in recession and China yet to return to the double-digit expansion of recent years,
failure would spell trouble for the world economy as it struggles to return to sustainable growth after the financial crisis.
World markets reacted accordingly on Friday. Stocks fell, the euro was weaker and oil prices were off as investors sought safe
haven assets such as the dollar and gold and took some profits after recent gains fueled in part by hopes of a deal between
President Obama and Congress.
Related: Full coverage of the fiscal cliff
But the failure of House Speaker John Boehner to muster enough support among his Republican members for a "Plan B",
including tax hikes for those earning over $1 million a year, was linked by financial market players to the doomsday Mayan
prophesy that the world would end on Friday.
"The world hasn't ended but hopes for a deal to avert the U.S. fiscal cliff before the year-end certainly have," said ETX Capital
strategist Ishaq Siddiqi in London. "We could get an 11th hour deal, but it seems unlikely now with markets expecting U.S.
lawmakers to address the issue in January."
Japanese bank Nomura said the probability of a deal before January had fallen but it still saw a 50:50 chance, provided Obama
and Boehner get back to the negotiating table quickly. Without agreement, it predicted a "strong negative market reaction" well
into January.
Related: Fix fiscal cliff or risk downgrade, says Fitch
The inability of U.S. politicians to find a solution to a crisis of their own making reflects badly on both Obama and Boehner but
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Business Markets
Published: December 21, 2012 16:58 IST | Updated: December 21, 2012 16:58 IST
The BSE benchmark Sensex on Friday closed 212 points lower on profit-booking ahead of the ending of calendar year
amid a weak trend in the overseas markets.
The Sensex dropped by 211.92 points, or 1.09 per cent, to 19,242 led by realty, metal and healthcare sectors.
The broad-based National Stock Exchange index Nifty dropped by 68.70 points, or 1.16 per cent, to 5,847.70.
Brokers said profit-booking by major market players ahead of the ending of calendar year amid steep fall in overseas
markets as hopes of solution to the US budget deficit issue mainly pulled down the trading sentiment.
Global cues also were not supportive as fiscal cliff issues continue to overshadow any other economic news, Amar
Ambani, Head of Research, IIFL, said.
Bharti Airtel shares lost 3 per cent on reports of CBI filing charge sheet in connection with alleged irregularities in
spectrum allocation during the NDA regime involving three telecom companies.
Asian and European stocks fell from a 19-month high after reports said American House Republicans cancelled a vote
on higher taxes for top earners, fuelling concern budget talks will fail.
In 30-share BSE Sensex components, barring ITC and Tata Consultancy Services, all the stocks closed with losses.
The realty sector index suffered the most by losing 3.51 per cent to 2,048.55 followed by metal index by 1.80 per cent
to 11,039.17. The capital goods index lost 1.66 per cent to 10,735.11 and banking index by 1.34 per cent to 14,151.18.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock markets, closing
trade
More In: Markets | Business
Printable v ersion | Dec 2 9 , 2 01 2 1 1 :2 7 :2 7 PM | http://www.thehindu.com /business/m arkets/sensex-tum bles-2 1 2 -points-on-weak-global-cues/article4 2 2 59 81 .ece
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U.S. stocks sank Monday as investors remain concerned that officials in Washington will fail to resolve a looming fiscal crisis.
The Dow Jones industrial average fell 0.4%. The S&P 500 and the Nasdaq both lost about 0.3%. U.S. markets closed at 1 p.m. ET
and will remain dark Tuesday for the Christmas holiday.
With time running out, investors are increasingly concerned about the lack of progress in talks over tax hikes and spending cuts
set to kick in automatically on Jan. 1, known as the fiscal cliff.
Stocks fell 1% on Friday after a plan by Speaker John Boehner to avert the fiscal cliff failed to get enough support in the House
late Thursday. President Obama spoke about the negotiations Friday evening before leaving for the holiday, urging a scaledback deal that would stop taxes from rising on 98% of Americans -- something both sides say they want.
No one expects progress on a deal Monday, with members of Congress having left Washington for their homes to celebrate the
Christmas holiday.
Related: What happens to stocks if we go over fiscal cliff?
But investors are still holding out hope for a temporary fix before the end of the year, said Mark Luschini, chief investment
strategist at financial advisory firm Janney Montgomery Scott. Such a deal would only forestall the immediate crisis and delay
more difficult decisions until later next month, he added.
"If they can avert the worst, the market will find some support," said Luschini. "Absent that, we will definitely see some pressure
on equities."
Fear & Greed Index
Most federal offices and many businesses were closed on Monday. There are no economic reports or corporate news scheduled
for release.
European markets ended a holiday-shortened day mixed, with markets in Germany closed. Italy's Mario Monti said this
weekend he may consider a second term as prime minister if asked by parties committed to the economic reforms he began over
the past 12 months.
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Asian markets ended slightly higher, while markets in Japan were closed.
The U.S. dollar rose versus the euro, British pound and Japanese yen. In the bond market, U.S. Treasuries were lower, with the
10-year note yielding 1.78%. Oil prices fell while gold prices edged higher.
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U.S. stocks faltered Wednesday as political wrangling over the fiscal cliff continued to dominate investor sentiment.
The Dow Jones industrial average fell 0.2% and the S&P 500 lost 0.5%. The Nasdaq dropped 0.7%. The tepid trading came as
investors returned from the Christmas holiday. U.S. markets were closed Tuesday and Monday was an abbreviated trading day.
Market bulls have pulled in their horns as President Obama and Congress have been unable to agree on a plan to avert tax hikes
and spending cuts from kicking in automatically on Jan. 1.
The bears have become increasingly convinced that Washington will fail to resolve a self-inflicted crisis that could tip the
economy into recession.
Those in the middle are betting on a short-term compromise that prevents the worst and delays more difficult decisions to later
in the year.
"Any kind of deal will be good for the market," said Ryan Larson, head of U.S. equity trading for RBC Global Asset Management.
"Whether a full deal is reached or they kick the can down the road, the market will be happy."
As the talks continue, Obama is ending his vacation Wednesday to make a late bid to reach a deal before the year ends. The
White House said he should be back in Washington on Thursday, when House and Senate members are expected to reconvene.
Meanwhile, the political drama continued to overshadow economic fundamentals.
Related: What will happen to stocks if we go over the cliff?
In a sign of continued improvement in the housing market, home prices rose at an annual rate of 4.3% in October, according to
the S&P/Case-Shiller home price index. It was the biggest rise in home prices in more than 2 years and topped analysts'
expectations.
The housing data came on the heels of weak retail sales during this holiday shopping season. MasterCard's ( MA, Fortune 500)
SpendingPulse reported that retail sales during the run-up to Christmas showed an increase of only 0.7% versus last year, far
below the expected 3% to 4%.
The news put pressure on shares of major retailers. Share of Urban Outfitters (
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Shares of Herbalife ( HLF) rose nearly 7%, recovering from sharp losses last week, after the company said it hired a strategic
adviser and would hold an investor meeting next month. Hedge fund manager Bill Ackman dubbed the nutritional supplement
company a "pyramid scheme" at a conference in New York last week.
Fear & Greed Index
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By Zacks Equity Research | Zacks Thu, Dec 27, 2012 8:37 AM EST
A slump in U.S retail stocks and investor apprehensions about the Fiscal Cliff dragged the benchmarks lower on
Wednesday. This was the third consecutive day of losses for the benchmarks and a report which showed that U.S. singlefamily home prices had increased in October was of no help. While the S&P 500 suffered its biggest three-day fall since
mid-last month, only the materials sector out of its 10 industry groups could finish in the green yesterday.
The Dow Jones Industrial Average (:DJI) lost 0.2% to close the day at 13,114.59. The Standard & Poor 500 (S&P 500) shed
0.5% to finish yesterdays trading session at 1,419.83. The tech-laden Nasdaq Composite Index slipped 0.7% to end at
2,990.16. The fear-gauge CBOE Volatility Index (:VIX) jumped 9.2% to settle at 19.48. Consolidated volumes on the New
York Stock Exchange, American Stock Exchange and Nasdaq were roughly 4.01 billion shares, considerably lower than the
daily average of 6.48 billion shares. Declining stocks easily outpaced advancers on the NYSE; as for 62% stocks that fell,
only 34% stocks moved higher.
With hardly any major development regarding the Fiscal Cliff dilemma in the past three trading sessions, benchmarks have
consistently closed in the red during this period. The S&P 500 logged its largest three-day decline since November 15,
declining 1.5% in the last three trading sessions.
President Barack Obama and Congress will be back on Thursday from their short Christmas holiday to negotiate the Fiscal
Cliff issue for the final time. Both President Obama and House of Representatives Speaker John Boehner have tried to
resolve the Fiscal Cliff issue but they did not succeed in their efforts. If Congress fails to avert the Fiscal Cliff of $600 billion
in spending cuts and tax increases, then it will take effect from next week and may result in another recession.
Also weighing on the mood yesterday was dismal data about holiday season sales. U.S retailers had expected to post
encouraging sales, but it did not happen this time around. A report from MasterCard Advisors SpendingPulse showed that
U.S retailers witnessed a mere 0.7% increase in sales from October 28 to December 24 compared with the same period in
the previous year. U.S consumer spending accounts for nearly 70% of the economy and low retail sales in the otherwise
promising holiday season is definitely a matter of concern.
The Consumer Discretionary Select Sector SPDR (XLY) lost 1.0% and was the biggest loser among the S&P 500 industry
groups. Stocks such as Abercrombie & Fitch Co. (NYSE:ANF), The Gap Inc. (NYSE:GPS), Amazon.com, Inc.
(NASDAQ:AMZN), Limited Brands, Inc. (NYSE:LTD) and Ralph Lauren Corp (NYSE:RL) plunged 3.5%, 3.1%, 3.9%, 3.2%
and 3.3%, respectively.
However, the housing sector had positive numbers to share. The S&P/Case-Shiller Home Price Indices revealed that both its
10- and 20 city composites increased in October on a seasonally adjusted basis. According to the report, the S&P/CaseShiller composite index of 10 and 20 city composites surged 0.6% and 0.7%, respectively, in October from September on a
seasonally adjusted basis. However, the S&P/Case-Shiller composite index of 10 and 20 city composites both declined 0.1%
in October from September on a non-seasonally adjusted basis. The report also states that the S&P/Case-Shiller 20-city
composite Home Price Index has increased 4.3% year on year.
The materials sector was the only sector which ended in the green among the S&P 500 industry groups for two consecutive
days. The Materials Select Sector SPDR (XLB) gained 0.6%. Stocks such as The Dow Chemical Company (NYSE:DOW), E I
Du Pont De Nemours And Co (NYSE:DD), Monsanto Company (NYSE:MON), American Vanguard Corp. (NYSE:AVD) and
LyondellBasell Industries NV (NYSE:LYB) added 0.6%, 1.4%, 2.5%, 0.3% and 0.6%, respectively.
Read the analyst report on ANF
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Stocks closed lower for the fifth straight day Friday, ending the week down nearly 2%, as investors continue to fear the impact of
falling over the fiscal cliff.
The S&P 500, the Dow, and the Nasdaq ended the day down between 0.9% and 1.2%. The Dow suffered its steepest loss since
Nov. 14.
The selling gained steam in the last few minutes of trading after reports that President Obama wasn't making a new offer during
a meeting with congressional leaders at the White House Friday afternoon. Obama had been expected to propose a scaled-back
fiscal cliff deal during the meeting.
During the past several days, rumors about both progress and setbacks have caused wild swings in the stock market. Until the
last few minutes of trading, Friday's sell-off had been less volatile. Trading volume has been particularly light this week, causing
more dramatic moves as news leaked out.
The House of Representatives will be in session Sunday to give its members time to attempt to hammer out a deal.
Related: Washington's real cliff deadline is inauguration
As hopes for a substantial budget agreement have diminished, all three indexes are on track to end December in the red.
Still, despite recent pressure, stocks have had a pretty stellar year, with all three indexes up between 6% and 14%.
Investors are hoping that leaders will at least be able to reach a breakthrough that will postpone at least some of the automatic
tax hikes and spending cuts due to take effect on Jan. 1. Failure to reach a deal could potentially push the U.S. economy into a
recession.
Fear & Greed Index
Investors shrugged off two better-than-expected economic reports Friday morning. Readings on both the Chicago purchasing
managers index and pending home sales for December rose more than expected.
Shares of Hewlett-Packard ( HPQ, Fortune 500) fell after the company announced that the Department of Justice is
investigating possible accounting fraud at Autonomy. After acquiring Autonomy for $11 billion last year, HP took an $8.8 billion
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European markets closed lower. Italy passed its first test of investors' interest since prime minister Mario Monti resigned
earlier this month, successfully selling 3 billion in 10-year government bonds Friday.
Related: Bank fines top $10 billion this year
Asian markets ended stronger. In Japan, which will be closed on Monday, the Nikkei ended the year up more than 20%. The
index's recent strong run comes as the yen has been weakening on the prospect of further monetary easing. The Shanghai
Composite posted further gains and is poised to end the year in the black.
The U.S. dollar rose against the euro, but dropped against the British pound and the Japanese yen.
The yield on the 10-year Treasury note stayed steady at 1.70%. Oil and gold prices were modestly lower.
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Business Markets
Sensex declines as rate cut hope fades
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The BSE benchmark Sensex on Wednesday closed down by 169 points due to profit-booking amid RBI saying that
inflation was still high, fading hopes of a rate cut.
The Sensex fell by 169.19 points or 0.85 per cent to settle at 19,817.63. The gauge had crossed the 20,000-mark after
two years in Tuesdays trade. The index had rallied almost 324 points in last three sessions.
The broad-based National Stock Exchange index Nifty today ended 54.75 points, 0.90 per cent, lower at 6,001.85,
after touching the days low of 5,992.05.
Brokers said besides profit-booking by speculators as well as funds after the benchmark crossed 20,000-mark in
Tuesdays trade, the Reserve Bank saying that inflation was still high and there was no room for fiscal or monetary
stimulus to boost growth in slowing economy mainly halted the ongoing rally.
When growth is slowing down you can stimulate the economy either by monetary easing or by fiscal stimulus, but
both monetary and fiscal side have no room for stimulus. So that is the big concern, RBI Governor D. Subbarao said
while addressing IIM students last evening in Lucknow.
The RBI meets on January 29 to review its monetary policy.
Besides, a weakening trend in the Asian region and a lower opening in European markets also triggered selling by
funds, they said.
While auto, metal, banking, realty, capital goods and IT sector indices remained in the negative zone, an upsurge in
oil and gas sector as stocks of Reliance Industries gained 1.58 per cent ahead of quarterly earnings cushioned the
market to some extent.
The Auto sector index suffered the most by losing 2.40 per cent to 11,335.09 as shares of Maruti Suzuki fell by 3.30
per cent, Tata Motors by 3.24 per cent, Mahindra and Mahindra by 2.95 per cent and Bajaj Auto by 1.87 per cent
largely on disappointing sale numbers in December.
The banking index fell 1.66 per cent to 14,514.96 as all the 14 constituent stocks, closing lower with losses up to 3.06
per cent.
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7KH+LQGX%XVLQHVV0DUNHWV6HQVH[GHFOLQHVDVUDWHFXWKRSHIDGHV
Shares of software services exporters which had been in the limelight in the past few sessions on the back of strongerthan-expected earnings succumbed to profit-booking.
IT giant Infosys lost 0.68 per cent to Rs 2,771.05, while Wipro fell by 0.02 per cent to Rs 420.05.
Overall, 24 stocks declined while six gained in 30-share Sensex.
Keywords: BSE, NSE, Sensex, Nifty, rate cut hopes
More In: Markets | Business
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Business Markets
Published: January 29, 2013 17:13 IST | Updated: January 29, 2013 17:17 IST
The BSE benchmark Sensex today dipped below the 20,000-level by losing 112 points on profit selling by investors
despite Reserve Bank of India (RBI) reducing lending rates by 0.25 per cent.
The Sensex ended lower by 112.45 points, or 0.56 per cent, to 19,990.90.
Though the gauge touched the days high of 20,203.66 following interest rate cut announcement, the sensex touched a
low of 19,970.05 as the RBI projected a lower economic growth for the current fiscal.
The broad-based National Stock Exchange index Nifty lost 24.90 points, or 0.41 per cent, to 6,049.90, after touching
the days high of 6,111.80.
The RBI trimmed the economic growth projection for the current fiscal to 5.5 per cent, from 5.8 per cent estimated
earlier and said it was necessary to arrest the decline in growth as inflation risks moderate.
The market failed to cheer the RBIs decision to the reduction of interest rates by 0.25 per cent and the release of Rs.
18,000 crore into the financial system.
Shares fall
Besides banking stocks, the two index heavyweight with their nearly 17 per cent weightage Reliance Industries and
Infosys fell by 1.68 per cent to Rs. 882.55 and 0.54 per cent to Rs. 2,795, respectively.
Among the lenders, State Bank of India fell by 1.32 per cent to Rs. 2,357.30, HDFC Bank by 2.54 per cent to Rs. 653,
Bank of India 4.01 per cent to Rs. 341, Bank of Baroda by 2.64 per cent to Rs. 847.15, Canara Bank by 2.23 per cent to
Rs. 471.80, Yes Bank by 1.92 per cent to Rs. 512.25 and Punjab National Bank by 1.45 per cent to Rs. 859.30.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock markets, closing
trade
Printable v ersion | Feb 1 , 2 01 3 6:50:2 8 AM | http://www.thehindu.com /business/m arkets/sensex-dips-despite-rbi-rate-cut/article4 3 57 3 2 6 .ece
The Hindu
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Brokers also said sentiment was subdued after RBI projected a lower
economic growth for current fiscal amid some investors trimming
positions ahead of derivatives expiry.
The 50-share National Stock Exchange index Nifty closed 24.90
points, or 0.41 per cent, lower at 6,049.90, after touching the day's
high of 6,111.80.
... contd.
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Tags: Stock m arkets, RBI rate cut, Sensex close, econom ic growth projections,
infosy s shares, HDFC Bank stock, m arkets news
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Business Markets
Published: January 31, 2013 16:54 IST | Updated: January 31, 2013 16:56 IST
The market heavy weight Reliance Industries fell by 1.39 per cent to Rs 886.55 and Infosys lost by 0.13 per cent to Rs
2,788.75.
7KH+LQGX
The BSE benchmark Sensex on Thursday lost 110 points to close below 20,000 level as investors booked profit,
particularly in ICICI Bank and RIL.
The Sensex ended with a loss of 110.02 points, or 0.55 per cent, to close at 19,894.98.
Similarly, the wide-based National Stock Exchange index fell by 21 points, or 0.35 per cent, to 6,034.75.
Brokers said selling pressure gathered momentum as speculators forced to clear their long pending positions created
in the recent rally following monthly expiry of derivatives segment.
They said some investors booked profits from current upsurge when the benchmark hovered at two-year high.
Besides, a weak trend in the Asian region and lower opening in Europe further influenced the market sentiment, they
added.
The market heavy weight Reliance Industries fell by 1.39 per cent to Rs 886.55 and Infosys lost by 0.13 per cent to Rs
2,788.75.
The second biggest private lender ICICI Bank declined by 1.93 per cent to Rs 1,190.85 despite reporting over 30 per
cent rise in its standalone net profit at Rs 2,250 crore in the third quarter ended December 2012
In 30-BSE index components, 19 stocks declined while 11 closed with gains. The banking sector suffered the most by
losing 0.42 per cent to 14,580.26, after investors created long positions before the RBI credit policy.
Keywords: Bombay Stock Exchange, BSE, NSE, stocks
Printable v ersion | Feb 1 , 2 01 3 6:4 7 :3 8 AM | http://www.thehindu.com /business/m arkets/sensex-declines-1 1 0-points-on-profitbooking/article4 3 6 509 9 .ece
The Hindu
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U.S. stocks drifted lower Thursday, ending a blockbuster month on a soft note, as reports on the job market added to concerns
about the economy.
The Dow Jones industrial average fell 0.3%, while the S&P 500 lost 0.2%. The Nasdaq ended little changed.
Despite the weakness, stocks have started the year with a bang.
The Dow gained 5.9% in January, making it the best performance for that month since 1994, when blue-chips rose 6%. The S&P
500 gained 5% for the month, while the Nasdaq added 4%.
Both the Dow and S&P 500 are hovering just below all-time highs, near levels not seen since 2007.
Investors have been increasingly willing to take risks, with money flowing into equity funds over the past few weeks, said Bruce
McCain, chief investment strategist at Key Private Bank. But he warned that the bulls may be overlooking some troubling
economic signs, and that stocks could be headed for a pullback.
"We need to be careful here in concluding that investors are not going to sober up if we continue to get weak numbers," said
McCain. "Investors are feeling good and ignoring the implications of some of the more disturbing news."
Related: What's behind the bull market
Early Thursday, the government reported a jump in initial jobless claims following two weeks of declines. And separately,
outplacement firm Challenger, Gray & Christmas said the number of planned job cuts surged 24% to 40,430 in January.
Those figures are worrisome ahead of the all-important monthly jobs report due Friday. Analysts are expecting that employers
added 180,000 jobs in January, and that the unemployment rate ticked down to 7.7% from 7.8% in December.
Meanwhile, personal income in December rose 2.6%, while spending inched up 0.2%, according to the Commerce Department.
But the jump in incomes was driven mainly by Americans trying to avoid paying higher taxes in the new year, and is not expected
to continue.
"This morning's data adds to our view that the economy is not accelerating," said Steven Ricchiuto, chief economist at Mizuho
Securities. "Instead, it is stuck on a shallow growth trajectory."
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Thursday's reports come a day after the government reported a surprise drop in economic activity during the fourth quarter,
although the GDP data contained some hints of underlying improvement.
Investors were also rattled Wednesday by the latest statement from the Federal Reserve, which said economic growth had
paused.
In corporate news Thursday, shares of Anheuser-Busch InBev ( BUD) fell 6% after the U.S. Justice Department moved to block
the beverage giant's merger with Groupo Modelo, the leading brewer in Mexico. Groupo Modelo ( GPMCY) shares, which
trade over the counter in the United States, were down 6%. Elsewhere in the alcohol sector, shares of Constellation Brands
( STZ), which distributes Modelo-brewed beers in the U.S. market, sank nearly 19%.
Shares of UPS ( UPS, Fortune 500) declined after the shipping giant's fourth-quarter earnings came in below of forecasts. The
company's guidance for 2013 was also weaker than expected.
Shares of Dow Chemical (
Facebook ( FB) shares dropped after the firm said late Wednesday that its fourth-quarter mobile user growth had slowed
slightly versus the third quarter. Facebook's fourth-quarter earnings and sales beat Wall Street estimates.
Of the 200 companies in the S&P 500 that have reported earnings so far, 136 have beat analysts' estimates, according to S&P
Capital IQ. Overall, earnings are expected to be up 5.1% for the quarter.
PulteGroup ( PHM) reported a four-fold increase in quarterly earnings and said new orders jumped 27%. Despite the strong
results, shares of Pulte fell 4%, weighing down shares of other homebuilders. Hovnanian ( HOV) and Lennar ( LEN ) were also
under pressure.
Meanwhile, shares of TRI Pointe Homes (
TPH) surged 13% after the company made its debut as a public company.
European markets ended lower corporate earnings weighed on sentiment. Results from oil major Shell and drinks group Diageo
( DEO) missed expectations, while Deutsche Bank ( DB) posted a $3.5 billion quarterly loss on legal and restructuring
charges. Telecoms equipment maker Ericsson bucked the trend, posting strong gains after beating expectations.
Asian markets ended mixed, with the Hang Seng slipping 0.4%.
Gold prices dropped nearly 1%, while oil was down 0.8% in the commodities market. The yield on the 10-year U.S. Treasury
note fell to 1.9% from 2% on Wednesday. The U.S. dollar fell versus the euro and the British pound, but gained against the
Japanese yen.
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Business Markets
Published: February 1, 2013 16:44 IST | Updated: February 1, 2013 16:44 IST
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The BSE benchmark Sensex on Friday closed 114 points lower on profit-booking amid weak earnings by Bharti Airtel
and BHEL.
The Sensex fell by 113.79 points, or 0.57 per cent, to 19,781.19. The gauge commenced the day higher on investors
covering their pending positions. The index had lost 110 points in the previous session.
Similarly, the broad-based National Stock Exchange index Nifty lost 35.85 points, or 0.59 per cent, to 5,998.90,
dipping below 6,000 level.
Brokers said the market remained under pressure on investors booking profits from previous months hefty gains.
They said sentiment further dampened on reports of weak earnings by leading companies like Bharti Airtel and
BHEL.
While Bharti posted a 72 per cent decline in its net profit to Rs 284 crore for the third quarter ending December,
BHEL profits declined by 17.5 per cent to Rs 1,182 crore.
In 30-BSE index components, 18 stocks declined led by Infosys, Tata Motors, HDFC, ICICI Bank, State Bank of India,
Hindustan Unilever, ONGC, Larsen and Toubro and Tata Steel.
Shares of Bharti Airtel closed at 330.50 apiece, 2.62 per cent lower, while BHEL declined 1.03 per cent to 225.35
apiece on the BSE.
The realty sector index suffered the most by losing 1.16 per cent to 2,212.59 followed by auto sector by 0.98 per cent to
10,885.84. Bank index fell by 0.79 per cent to 14,465.16 and metal index by 0.78 per cent to 10,523.82.
Keywords: Bombay Stock Exchange, Stocks, Profit booking, BHEL, Infosys
Printable v ersion | Feb 2 , 2 01 3 6:59 :4 9 AM | http://www.thehindu.com /business/m arkets/sensex-falls-1 1 4 -points-on-profitbooking/article4 3 6 89 9 6 .ece
The Hindu
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U.S. stocks sank Monday, with the Dow retreating from the 14,000 milestone as concerns about European politics weighed on
the market.
The Dow Jones industrial average fell 129 points, or 0.9%. The S&P 500 fell 0.8% and the Nasdaq lost 0.6%. On Friday, the Dow
surged to close above 14,000 for the first time since October 2007, putting an all-time high in sight.
European markets closed sharply lower as concerns about political instability in the eurozone resurfaced. The DAX index in
Germany and France's CAC 40 both fell more than 2%.
"Politics have been an important driver today," Scotiabank analyst Camilla Sutton wrote in a note to clients, pointing to
corruption allegations against the Spanish Prime Minister and a banking scandal in Italy ahead of this month's election.
The sell-off comes after a strong rally for U.S. stocks in January. The Dow gained 5.9% last month, making it the best January
performance since 1994. Given the recent strength, many analysts had suggested that stocks were due for a pullback.
"Last week is a tough act to follow," said Art Hogan, a managing director at Lazard Capital Markets.
Hogan said stocks could struggle for direction this week as corporate earnings season winds down and the flow of economic
data is relatively light. But stocks could find some support as investors who missed out on the recent rally look for opportunities
to get back in, he added.
"I don't think this is the beginning of a reversal of fortune," said Hogan.
Meanwhile, investors found little solace in economic data and corporate results released Monday.
The Census Bureau said new orders for manufactured goods rose 1.8% in December, which was weaker than expected.
Economists had forecast a 2.4% increase in orders, according to estimates from Briefing.com.
Shares of Standard & Poor's owner McGraw-Hill ( MHP, Fortune 500) plunged after the company said the U.S. Department of
Justice would be suing it over favorable ratings tied to mortgage-related securities before the 2008 financial crisis. S&P rival
Moody's ( MCO) fell sharply as well.
Royal Caribbean Cruises (
RCL) reported a fourth-quarter loss, but said it expects demand to improve this year in North
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America, while Europe will remain weak. Gannett ( GCI, Fortune 500) shares fell nearly 7% after the media company said
earnings excluding restructuring costs rose in the fourth quarter.
Yum! Brands ( YUM, Fortune 500) will report after the close. Disney (
results on Tuesday.
Shares of Dell ( DELL, Fortune 500) were down 2.6% despite more reports that the company could go private early this week.
Microsoft ( MSFT, Fortune 500) is reportedly poised to assist in financing the deal.
Facebook ( FB) shares fell more than 5%, as the social networking site marked the ninth anniversary since its inception. The
company reported strong earnings and sales increases last week but investors were still disappointed by a slowdown in mobile
advertising growth.
Herbalife ( HLF)shares rose despite a report in the New York Post said the company is being investigated by the Federal
Trade Commission. In a statement, Herbalife said it was unaware of any investigation and disputed the newspaper's claims.
BlackBerry, formerly Research In Motion, began trading under a new ticker symbol, BBRY. Shares surged more than 15% after
analysts at Bernstein upgraded the stock.
Fear & Greed Index still showing Extreme Greed
Asian markets ended mixed. The Shanghai Composite added 0.4% and Japan's Nikkei advanced 0.6%, while the Hang Seng
declined 0.2%.
Oil prices sank 1.6%, while gold prices edged higher. The yield on the 10-year U.S. Treasury note was unchanged at 2%. The U.S.
dollar gained versus the euro, but lost value against the British pound and Japanese yen.
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Business Markets
Published: February 5, 2013 16:55 IST | Updated: February 5, 2013 18:23 IST
The BSE benchmark Sensex on Tuesday closed 91 points lower on profit-booking mainly in consumer durables and
FMCG stocks such as ITC amid a weak Asian trend.
The Sensex declined by 91.37 points, or 0.46 per cent, to 19,659.82. The index had gained 254 points in last three
sessions.
The index-linked ITC fell 1.58 per cent to Rs 302.05 on profit-booking after gaining 7.3 per cent in January.
The broad-based National Stock Exchange index Nifty lost 30.35 points, or 0.51 per cent, to 5,956.90.
Brokers said market remained under pressure as foreign investors refrained from enlarging their positions amid a
weak Asian trend amid renewed concern about Europes debt crisis.
They said selling was more confined to recent gainers led by consumer durables, FMCG, power and metal sectors.
A weak quarter earnings by UCO bank also influenced the market sentiment to some extent, they added.
ICICI Bank tumbled 1.23 per cent to Rs 1,167.50, its third straight day of losses after reporting its quarter earnings.
Tata Motors reduced its recent gains by losing 1.54 per cent to Rs 287.05 and BHEL, the biggest power-equipment
maker, dropped 3.19 per cent to Rs 212.20. UCO Bank stocks fell by 5.11 per cent to Rs 67.80 on dip in earnings.
The two most heavy on the benchmark with their nearly 16 per cent weightage Reliance Industries and Infosys
declined by 1.13 per cent to Rs 876.35 and by 0.16 per cent to Rs 2,758.05, respectively.
In 30-BSE index components, 19 stocks declined while 11 closed with gains. Barring healthcare, all sectoral indices
were lower on all-round selling.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock markets, closing
trade
Printable v ersion | Feb 6, 2 01 3 7 :3 5:4 1 AM | http://www.thehindu.com /business/m arkets/sensex-declines-91 -points/article4 3 82 2 9 5.ece
The Hindu
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U.S. stocks finished in the red Thursday as investors took a step back and digested mixed economic news and a slew of earnings
reports.
The Dow Jones industrial average dropped 42 points, or 0.3%. The S&P 500 slipped 0.2% and the Nasdaq fell 0.1%. The major
indexes were even lower earlier in the day.
Stocks have stalled this week after a strong start to the year. The Dow and S&P 500 are both up about 6% in 2013, and near their
all-time highs. The Nasdaq has gained almost 5% so far this year.
"The market has pretty much gone in one direction since the beginning of the year so perhaps this is just a natural pause," said
Kim Forrest, senior equity analyst at Fort Pitt Capital. "It's possible that investors are taking a break."
On the economic front Thursday, weekly initial jobless claims came in at 366,000, down 5,000 from the previous week but above
forecasts.
Meanwhile, the nation's business productivity dropped 2% in 2012's fourth quarter, according to the Bureau of Labor Statistics,
which was more than economists were expecting.
Related: After binge, investors turn less bullish
In corporate news, Akamai Technologies ( AKAM), which provides Internet content delivery, delivered weak fourth-quarter
results and a disappointing revenue forecast. The lackluster news sent the company's stock plunging 15%, making it the biggest
loser in the S&P 500 and Nasdaq-100.
News Corp (
year.
NWSA, Fortune 500) was also a big laggard after the media giant issued a downbeat earnings forecast for the
S, Fortune 500) shares faltered after the cell phone carrier reported a fourth-quarter loss in line with
SNE) dropped after the electronics manufacturer reported a surprising third-quarter loss.
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Alcatel Lucent ( ALU) posted another quarterly loss, sending shares lower. The communications equipment maker also said its
CEO would be stepping down.
On the positive side, JPMorgan Chase upgraded shares of Devry (
earnings and revenue. The sock jumped more than 16%.
Retailers were also big movers as they reported sales figures for January.
Macy's ( M, Fortune 500) shares climbed after the retailer reported a better-than-expected 11.7% rise in same-store sales for
last month. Gap ( GPS, Fortune 500), Costco ( COST, Fortune 500), Target ( TGT, Fortune 500) and Limited Brands ( LTD,
Fortune 500) also posted January sales figures that topped forecasts.
Shares of Blackberry ( BBRY) gained ground after the smartphone maker said the Canadian launch of its new Z10 smartphone
was its best launch ever.
Apple ( AAPL, Fortune 500) shares were in the spotlight after activist investor David Einhorn publicly called for the
electronics maker to give some of its $137 billion cash hoard to back to shareholders in the form of preferred stock. Apple
responded Thursday afternoon, noting that the company's executives "have been in active discussions about returning
additional cash to shareholders," and are considering Einhorn's proposal. Shares of Apple finished up nearly 3%.
Related: Fear & Greed index headed closer to greed
LNKD) spiked after the professional online network handily beat earnings and
European markets finished mixed after the European Central Bank and the Bank of England kept interest rates unchanged.
Britain's FTSE 100 and France's CAC 40 slipped more than 1%, while Germany's DAX edged up 0.1%. During a news conference,
ECB president Mario Draghi said the eurozone economy, which is set to contract for a second year running in 2013, could
gradually recover during the second half of the year. But he warned that the risks to the outlook were still tilted to the downside.
The dollar was up sharply against the euro, but lower versus the British pound and the Japanese yen.
Asian markets ended in the red. The Shanghai Composite dropped 0.7%, the Nikkei declined 0.9% and the Hang Seng lost 0.3%.
Oil and gold priced edged lower.
The price of the 10-year Treasury rose, pushing the yield down to 1.95% from 1.97% late Wednesday.
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Business Markets
Published: February 14, 2013 17:07 IST | Updated: February 14, 2013 17:07 IST
Shrugging off positive cues from easing inflation numbers, the BSE benchmark Sensex on Thursday, fell by 111 points,
snapping a two-day rally, hit by 2-4 per cent losses in RIL, Bharti Airtel, SBI, Maruti and Wipro shares.
After a better start at 19,639.83, the Sensex tumbled by 110.90 points to 19,497.18 as investors adopted a cautious
stance, wiping a major portion of the 147 point gained in the past two days.
The broad-based National Stock Exchange index Nifty lost 36 points, or 0.61 per cent to 5,896.95, after touching the
days high of 5,940.20.
Bharti Airtel slumped by 4 per cent after reports said it faces significant spectrum charge demand by DoT.
Wipro fell by 3.3 per cent on selling due to its exclusion from NSE Nifty index from April 1, while Maruti Suzuki lost
over 3 per cent on being dropped from MSCI India index from February 28.
State Bank of India shares also lost nearly 1.80 per cent after a lower-than-expected increase in net profit for the third
quarter ended December 31, 2012. Similarly, RIL and L&T lost over 2.6 per cent each.
Inflation drops
Declining for the fourth straight month, the Wholesale Price Index (WPI) inflation fell to a 3-year low of 6.62 per cent
in January, but the data failed to spur rate cut hopes.
After a disappointing IIP numbers but an easing inflation rate, investors are in a state of uncertainty regarding rate
cuts in near future, said Nidhi Sarswat, Senior Research Analyst, Bonanza Portfolio Ltd.
A slew of weak third quarter earnings from GVK Power and Tata Steel also dampened the market sentiment.
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7KH+LQGX%XVLQHVV0DUNHWV6HQVH[IDOOVSWVLJQRULQJGURSLQLQIODWLRQUDWHV
Sector-wise the capital goods sector suffered the most by falling 2.27 per cent, followed by oil and gas index 1.59 per
cent, auto index 1.49 per cent and power index 1.25 per cent.
Keywords: BSE benchmark, Sensex, Bombay Stock Exchanges, Shares
Printable v ersion | Feb 1 5, 2 01 3 2 :56 :2 4 AM | http://www.thehindu.com /business/m arkets/sensex-falls-1 1 1 -pts-ignoring-drop-in-inflation-rates/article4 4 1 4 9 81 .ece
The Hindu
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U.S. stocks barely budged Thursday, as gloomy news about Europe's economy dampened the impact of better-than-expected
jobless claims and two big M&A deals.
The Dow Jones industrial average slipped 0.1%, while the S&P 500 and Nasdaq added 0.1%. The negligible moves were enough
to nudge the S&P 500 up to a fresh five-year high.
On the positive side, the Labor Department reported that the number of Americans filing for first-time unemployment claims
fell by 27,000 to 341,000 in the latest week. Economists were expecting 365,000 claims.
Thursday also brought a slew of merger news.
Warren Buffett's Berkshire Hathaway ( BRKA, Fortune 500) and 3G Capital agreed to buy Heinz ( HNZ, Fortune 500) for
$28 billion. Shares of the ketchup-maker spiked 20%. Shares of fellow food company Campbell Soup ( CPB, Fortune 500) rose
1.4%.
US Airways ( LCC, Fortune 500) and American Airlines parent AMR ( AAMRQ, Fortune 500) officially announced an $11
billion deal to create the world's largest airline. Shares of US Airways fell 4.6%, while AMR jumped 63%.
Shares of Constellation Brands ( STZ) surged 37% after Anheuser-Busch InBev ( BUD) agreed to give up key assets in an
effort to address antitrust issues related to is proposed $20 billion takeover of Mexican brewer Grupo Modelo.
Related: M&A making a comeback
But investors were cautious after data showed the eurozone suffered its third consecutive quarter of declining growth at the
end of 2012. Performances in all four of the region's biggest economies -- Germany, France, Italy and Spain -- also deteriorated
compared with the third quarter of 2012.
Plus, after a strong start to the year, it's not unusual for stocks to take a breather. Even with the recent slips and slides, the Dow
is within 1.6% of its all-time high, hit in October 2007, and the S&P 500 is about 4% shy of its record high, also set in October
2007. And all three indexes are up between 5% and 7% for the year.
As long as economic news continues to point to modest growth, stocks should keep advancing and reach new highs as investors
continue to make their way back into the stock market, said Peter Cardillo, chief market economist at Rockwell Global Capital.
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"There's a lot of money on the sidelines that is seeking a home," said Cardillo. "And the bottom line is that stocks prevail over
bonds in an environment where interest rates are so low."
Related: Stocks you love
In earnings news Thursday, General Motors ( GM, Fortune 500) released quarterly results that missed expectations, sending
shares lower. PepsiCo ( PEP, Fortune 500) shares gained after the beverage maker logged better-than-expected earnings.
Cisco ( CSCO, Fortune 500) shares declined 0.7% after Cisco CEO John Chambers took a cautious tone with his outlook as the
company reported earnings roughly in line with forecasts. Shares of Mondelez ( MDLZ) sank 4.3% after the food producer
logged earnings that missed expectations after the close on Wednesday.
About 65% of the companies in the S&P 500 that have reported fourth-quarter earnings have topped analysts' expectations,
according to S&P Capital IQ. But the bulk of companies that have issued guidance for the first quarter had a negative outlook.
Related: Fear & Greed Index in extreme greed
European markets finished lower, with Germany's DAX sliding more than 1%, after the weaker-than-expected GDP figures.
Asian markets ended higher. Hong Kong's Hang Seng added 0.9% as traders returned from an extended holiday.
The Nikkei added 0.5% despite data showing Japan's economy has contracted in each of the three most recent quarters. The
weak performance is likely to increase the clamor for more aggressive fiscal and monetary stimulus measures.
The Shanghai exchange was closed for the Lunar New Year holiday.
The dollar rose against the euro and the British pound, but slipped versus the Japanese yen.
Oil prices edged higher, while gold prices fell.
The price on the 10-year Treasury rose slightly, and the yield held steady around 2%.
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Business Markets
Published: February 15, 2013 17:06 IST | Updated: February 15, 2013 17:06 IST
The BSE benchmark Sensex on Friday closed 29 points down on selling by funds mainly in oil & gas and IT sector
stocks amid dismal earnings by some bluechip companies.
Falling for the second straight day, the index closed 29.03 points lower, or 0.15 per cent, to 19,468.15, led by Reliance
Industries, Infosys and Dr Reddy.
The index had lost 111 points in the previous session.
Similarly, the wide-based National Stock Exchange index Nifty fell by 9.55 points, or 0.16 per cent, to 5,887.40.
Brokers said the Sensex limping down and hovered around years lowest levels as funds booked profits on steady
inflow of dismal quarter earnings by leading companies.
They said a weak Asian trend and lower opening in Europe also dampened the sentiments here.
Dr Reddy Lab, DLF Ltd and Bajaj Auto declined after they posted third-quarter earnings below market expectations.
Dr Reddy lost 3.55 per cent to Rs 1,811.50, DLF by 2.03 per cent to Rs 248.80, Maruti Suzuki by 0.81 per cent to Rs
1,472.75 and Bajaj Auto by 1.41 per cent to Rs 1,974.
The two most heavy on the benchmark with their 16 per cent weightage Reliance Industries and Infosys dropped by
1.20 per cent to Rs 844.85 and by 0.99 per cent to Rs 2,785.20.
Sentiment also dampened ever since the Central Statistics Office reduced the economic growth outlook to lowest in a
decade at 5 per cent from and reports of fall in industrial production in December, they added.
The oil and gas sector index fell the most by 0.83 per cent to 8,928.35 followed by IT index by 0.58 per cent to
6,477.68. Healthcare index lost 0.30 per cent to 7,899.28 and Teck index by 0.27 per cent to 3,778.69.
Keywords: sensex, BSE
Printable v ersion | Feb 1 5, 2 01 3 6:2 6 :2 5 PM | http://www.thehindu.com /business/m arkets/sensex-declines-2 9 -points/article441 87 93 .ece
The Hindu
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U.S. stocks ended lower Wednesday after Federal Reserve meeting minutes raised worries the central bank might scale back its
bond buying program.
The Dow Jones Industrial Average fell 108 points, or 0.8%. The S&P 500 fell 1.2% and the Nasdaq lost 1.5%.
Following its January meeting, the Fed's Open Market Committee said the central bank would continue buying bonds and keep
interest rates near zero until the job market improves "substantially." But the minutes from that meeting showed that some Fed
officials were in favor of slowing the purchases sooner.
According to the minutes, "a number" of committee members argued that an ongoing review of the controversial program
"might well lead the committee to taper or end its purchases before it judged that a substantial improvement in the outlook for
the labor market had occurred."
Steven Ricchiuto, chief economist at Mizuho Securities USA, wrote in a note to clients that the minutes illustrate the Fed's
"discomfort with being involved in non-conventional policy."
However, he added that the economy is probably not strong enough yet to justify the Fed ending its easing programs anytime
soon.
Investors were already primed to sell stocks after the major indexes closed Tuesday at new 5-year highs. Despite the
Wednesday's losses, stocks are still up between 5% and 6% so far this year.
"Investors are having a gut check, so to speak, as to whether these levels are justified," said Bruce McCain, chief investment
strategist at Key Private Bank.
The latest economic data have been positive, but not strong enough to live up to investors' high expectations, he added.
A report on the housing market came in mixed. The number of new homes breaking ground in January fell from the month
before, although the number of applications for new building permits rose.
The report came on the same day that homebuilder Toll Brothers (
analysts' expectations.
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A separate report on the Producer Price Index showed wholesale prices rose 0.2% in January, slightly less than economists had
expected.
In the commodities market, oil prices sank 2% on rumors that a large player was being forced to sell crude futures.
"There's a lot of chatter going around that a commodity hedge fund is in trouble and unwinding positions," said David Lutz, head
ETF trader at Stifel Nicolaus. But he discounted the rumors, saying that a 2% drop would not be enough to force a fund to
liquidate positions. "It's unlikely that someone was long and wrong," said Lutz.
Gold prices also declined, falling below $1,600 an ounce for the first time since August 2012.
Related: Fear & Greed Index still in 'extreme greed'
On the corporate front, Office Depot ( ODP, Fortune 500) announced that it would merge with OfficeMax ( OMX, Fortune
500) in a deal valued at $1.2 billion. Shares of OfficeMax fell 10%, while Office Depot's stock sank 20%. Both stocks surged
Tuesday on reports that a deal was imminent.
Mining firm BHP Billiton ( BBL) said lower commodity prices and a weaker U.S. dollar in the second half of 2012 more than
offset its stronger volumes. The company also announced that CEO Marius Kloppers will retire in May, and will be succeeded by
Andrew Mackenzie, who previously headed the company's division specializing in non-ferrous metals.
Rio Tinto ( RIO)shares fell, amid tensions surrounding its copper mine in Mongolia. The Mongolian government owns 34% of
the mine and is demanding a greater share of profit.
SodaStream (
hoped.
SODA) shares dropped after the company's revenue forecast was slightly more conservative than analysts' had
Tesla ( TSLA) reported a bigger-than-expected quarterly loss after the closing bell. Shares of the electric car maker fell in afterhours trading.
Controversial nutritional supplements company Herbalife ( HLF) also announced better-than-expected earnings and sales
figures Tuesday afternoon. But shares fell Wednesday after Herbalife executives did not entertain many questions on a
conference call with analysts. Herbalife has been in the spotlights since well-known hedge fund manager Bill Ackman accused
the company late last year of operating a pyramid scheme.
European markets ended mixed. London's FTSE ( UKX) edged higher, while the DAX ( DAX) in Germany and CAC ( CAC40)
in France fell. Asian markets ended higher. The Shanghai Composite advanced 0.6%, the Hang Seng added 0.7% and Japan's
Nikkei gained 0.8%.
Related: Check gas prices in your state
Gas prices rose for the 34th day in a row, fueling concerns about whether higher prices at the pump will take a bite out of
consumer spending in February. Nationwide, a gallon of unleaded gasoline averaged $3.766 Wednesday, according to AAA. Gas
prices have risen 34 cents, or 10%, since the beginning of February.
The price on the 10-year Treasury stayed steady with its yield at 2.03%.
The U.S. dollar fell against the euro but gained against the British pound and the Japanese yen.
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Business Markets
Published: February 21, 2013 09:50 IST | Updated: February 21, 2013 15:39 IST
Sensex down 300 points at years lowest level on weak global cues
PTI
The BSE benchmark Sensex that opened weak fell further to this years lowest level of 19,339, down over 300 points in
the pre-close trading on Thursday, amid renewed concerns that U.S. Federal Reserves policy-tightening moves will
reduce global liquidity.
Snapping a three-day gaining streak, the S&P BSE Sensex had declined by over 140 points in early trade, as funds and
retail investors booked profits amid a weak trend on other Asian bourses.
As the day progressed, the 30-share index lost over 300 points as 28 constituents, led by Tata Steel, ICICI Bank and
Hindalco recorded losses. It was last trading at 19,339.
Similarly, CNX Nifty was down nearly 90 points at 5,857.
Asian markets were trading with steep losses. Shanghai Composite tanked over 3 per cent, followed by Hang Seng
(1.75 pc), Nikkei (1.4 pc) and Strait Times (0.70 pc).
In Europe, indices in Gremany, France and the U.K. were down in 1.3-1.6 per cent range in afternoon trade.
Yesterday, reports said the minutes of the Federal Reserves January meeting revealed that many Fed officials are
worried about the costs and risks associated with the USD 85 billion-per-month asset-purchase program.
...the music is going to stop some day. It is not something that can continue for ever. This is not something, which is
going to be liked by the markets, a report by HDFC Securities said.
The Dow Jones closed 0.8 per cent down while losses at Nasdaq were sharper at 1.55 per cent on Wednesday.
Keywords: Sensex, BSE, NSE, stock market
Printable v ersion | Feb 2 2 , 2 01 3 3 :00:2 3 AM | http://www.thehindu.com /business/m arkets/sensex-down-3 00-points-at-y ears-lowest-lev el-on-weak-globalcues/article4 4 3 7 9 9 9 .ece
The Hindu
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U. S. stocks declined for a second straight day Thursday on news of ongoing weakness in Europe, some weak economic reports
and a warning of soft sales from Wal-Mart.
The Dow Jones industrial average declined 0.3%, while the S&P 500 dropped 0.6% and Nasdaq slid 1%.
Wednesday and Thursday's combined losses mark the biggest two-day drop in U.S. stocks this year, and all three indexes are on
track for their worst week of 2013. The S&P 500 is down 1.1%, and is headed for its first weekly loss of 2013, while the Dow is off
0.7% and the Nasdaq is down almost 2%.
Despite the recent losses, the major indexes are still up between 3% and 6% for the year.
Investors were disappointed Thursday after a survey of purchasing managers showed Europe's downturn worsened in
February. The index has been stuck below 50 for a year, indicating the services sector has been contracting. European markets
fell sharply following the data, with France's CAC 40 dropping more than 2%.
Economic news out of the United States was also downbeat. The Philadelphia branch of the Federal Reserve reported a surprise
decline in its monthly business outlook survey. The reading fell to -12.5 in January from -5.8 in December. Economists were
expecting the index to rise to 1.5.
The National Association of Realtors reported that existing home sales rose 0.4% in January. But the number of homes for sale
dropped to the lowest level in more than 13 years, according to the National Association of Realtors.
Initial jobless claims rose to 362,000 last week, coming in higher than economists were expecting.
The Consumer Price Index was unchanged month-over-month in January, and up 1.6% from a year ago. Core CPI, which strips
the price of food and energy, increased 0.3% month-over-month in January, and 1.9% from a year earlier.
On the corporate front, Wal-Mart ( WMT, Fortune 500) reported earnings that beat forecasts but said sales had softened
during the quarter. The retailer also hiked its annual dividend by 18%.
Related: Crunched consumers are cutting back
Tesla (
TSLA) shares sank 9% after the electric-car maker posted a wider-than-expected loss for the fourth quarter.
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Hewlett-Packard (
Shares of Constellation Brands ( STZ) rose almost 3% after Anheuser-Busch InBev ( BUD)and Grupo Modelo SAB said they
are in talks with the Justice Department to try and resolve an antitrust lawsuit challenging their planned merger. Last week, AB
InBev agreed to sell Constellation its rights to distribute Modelo in the United States as well its brewery in Piedras Negras,
Mexico, in an effort to rescue the deal.
Apple ( AAPL, Fortune 500) shares fell 0.6% after Foxconn ( FXCNF) said it is slowing its hiring of workers at factories in
China. The Taiwanese company makes about 40% of the world's consumer electronics gadgets, including products and parts for
Apple, Intel ( INTC, Fortune 500)and Cisco ( CSCO, Fortune 500).
Fear & Greed Index still showing extreme greed
Asian markets ended weaker, also following the U.S. lead. The Shanghai Composite lost 3.0%, the Nikkei fell 1.4% and the Hang
Seng declined 1.7%.
The dollar rose against the euro but was weaker versus the pound and the Japanese yen.
Oil prices tumbled more than 2%, while gold gold prices edged up.
The price on the 10-year Treasury rose, pushing the yield down to 1.98% from 2.02% late Wednesday.
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The Dow and S&P 500 suffered their biggest one-day decline of the year Monday as U.S. stocks were whipsawed by concerns
about political instability in Italy.
After opening higher on a global updraft, the Dow Jones industrial average ended the day down 216 points, or 1.5%. The S&P
500 fell 1.8% and the Nasdaq lost 1.4%. It was the worst day since Nov. 7 for both the Dow and S&P 500, and comes after both
indexes logged their worst week of the year last week.
Wall Street's so-called fear gauge, the CBOE market volatility index, or VIX (
It was difficult to pinpoint the catalyst for the late-day sell off, said Ryan Larson, a senior equity trader at RBC Global Asset
Management.
"Nothing specific, just herd mentality," he said. "People tend to not show their true hands until the final seconds of the trading
day."
Overall, traders said political uncertainty in Italy was the main trigger. But many added that stocks have been vulnerable to a
pullback after making a run at new all-time highs earlier this month.
"People may be using some of the overseas events as an excuse to realize that pullback," said Larson.
Initial results from Sunday's election showed the center-left party of Pier Luigi Bersani leading in both chambers of parliament.
But later projections indicated that former Prime Minister SIlvio Berlusconi and his anti-austerity allies were not far behind in
the Senate race, which is decided on a regional basis.
While the final outcome is still uncertain, investors are concerned that "gridlock" in the Italian Senate could undermine the
progress Italy has made in overhauling its troubled economy, said Dave Rovelli, managing director of U.S. equity trading at
brokerage Canaccord Adams.
"They're worried that if Berlusconi gets elected, there will be no one ruling the roost," said Rovelli. "The market is back to where
it was a year ago, we're focusing on Italian and Spanish bond yields."
Indeed, the last time the VIX saw such a dramatic spike was Nov. 9 2011, notes David Lutz, head ETF trader at Stifel Nicolaus.
After checking the headlines from that day, Lutz said Italy was the culprit behind that big surge in the VIX as well.
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European markets pared earlier gains. The DAX in Germany and France's CAC40 both rose, but the FTSE 100 in London lagged.
Moody's announced late Friday that it had lowered the United Kingdom's AAA credit rating, citing the country's rising debt
burden and tepid growth outlook. The British pound fell versus the dollar and the euro in trading Monday.
Related: Fear & Greed Index no longer in extreme greed
Meanwhile, investors remain sanguine about the latest budget impasse in Washington.
Chances are slim that Congress will avert the automatic spending cuts, known as sequestration, before they take effect this
Friday. It's more likely lawmakers will reach a deal to replace the cuts after they begin. But there's no telling when.
Investors are also bracing for Federal Reserve chairman Ben Bernanke's annual testimony on the U.S. economy to Congress this
Tuesday and Wednesday.
The worries about Italy also overshadowed reports that Prime Minister Shinzo Abe is poised to nominate an advocate of
aggressive monetary easing to head the Bank of Japan. The yen fell to its lowest point versus the dollar since May 2010, while
Japan's benchmark Nikkei index added 2.4%.
Chinese shares rose modestly after a report on Chinese manufacturing fell unexpectedly. The Hang Seng increased 0.2% and the
Shanghai Composite closed up 0.5%.
Related: Wall Street CEO pay: Who gets the most
In corporate news, shares of Barnes & Noble ( BKS, Fortune 500) shot higher after Chairman Leonard Riggio said he plans to
buy the company's retail operations, leaving the Nook electronic book segment a separate company. No price was disclosed in
his filing with the Securities and Exchange Commission.
Lowe's ( LOW, Fortune 500) reported lower sales and earnings, but both results were slightly better than forecasts and the
company announced a $5 billion share repurchase.
Results are due later in the week from companies including Home Depot (
Penney ( JCP, Fortune 500) and Groupo ( GRPN)n.
Shares of 3D systems ( DDD) fell after the maker of 3D printers reported quarterly results that were slightly better than
expected but missed revenue forecasts. A previously announced three-for-two stock split also went into effect Monday.
Shares of Chesapeake Energy (
Sinopec for $1 billion.
FarmVille maker Zynga (
CHK, Fortune 500) fell after the embattled natural gas producer sold some oil and gas assets to
ZNGA) shares surged on reports New Jersey will revise online gambling laws.
Oil and gold prices rose, while the U.S. dollar fell versus the euro.
The yield on the 10-year Treasury note edged up to 1.99%, from 1.97% previously.
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Business Markets
Published: February 26, 2013 17:09 IST | Updated: February 26, 2013 20:18 IST
Sensex plunges 316 pts to 3-month low as rail budget fails to cheer market
PTI
The BSE benchmark Sensex today plummeted by 316.55 points to close at a three-month low of 19,015.14 as the
Railway budget dampened the market sentiment amid particularly weak global cues.
The Sensex, at one point of time, fell below the 19,000 level for the first time since November 29, as the Government
announced a hike in rail freights, particularly commodities, raising fears of a rise in inflation.
Similarly, the broad-based National Stock Exchange index Nifty dipped below the 5,800 level and closed 93.40 points
lower at 5,761.35 led by refinery, auto and capital goods.
The Union budget and monthly expiry in the derivatives segment on Thursday were other weakening factors, brokers
said.
Besides a weak Asian trend and lower opening in Europe on concern Italys elections may reignite Europes debt crisis,
further influenced the trading sentiment, they added.
The Railway Ministry today hiked the basic freight charges of grains, pulses and groundnut oil by nearly six per cent,
a move that will lead to increase in prices of food items.
Stocks of rail associated companies such as Kalindi Rail Nirman, Hind Rectifiers, Kernex Microsystem, Titagarh
Wagons and Taxmaco suffered the most by losing up to nearly 12 per cent.
Refinery stocks led by Reliance Industries, which mostly use rail transport to move their products was another weak
spot. Market heavy Reliance Industries dropped 3.51 per cent to Rs 823.95, as the oil and gas sector index plunged
3.07 per cent to 8,689.98.
Auto sector index was second worst performer by losing 2.76 per cent to 10,487.67 as Tata Motors, Maruti Suzuki and
Manindra and Mahindra dropped as freight hike might cut their revenues.
In 30-BSE index components, 25 stocks declined while five stocks such as Infosys, Bharti Airtel, Hindustan Unilever,
Tata Consultancy and NTPC bucked the trend by ending higher.
Keywords: Sensex, Railway budget, market sentiment, weak global cues, Nifty, National Stock Exchange index
Printable v ersion | Feb 2 6 , 2 01 3 8:50:4 4 PM | http://www.thehindu.com /business/m arkets/sensex-plunges-3 1 6 -pts-to-3 m onth-low-as-rail-budget-fails-to-cheerm arket/article4 4 554 7 3 .ece
The Hindu
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Business Markets
Published: March 12, 2013 16:38 IST | Updated: March 12, 2013 22:33 IST
The BSE benchmark Sensex on Tuesday fell by 81.29 points to end at 19,564.92 on selling in consumer durables, realty
and banking shares as higher-than-expected IIP data combined with rising retail inflation tempered hopes of an
interest rate cut by RBI next week.
After a firm start at 19,697.84, the S&P BSE 30-share Sensex tumbled by 81.29 points, or 0.41 per cent to 19,564.92.
During trading, it had touched the days low of 19,505.75 on heavy selling in interestsensitive stocks. Yesterday, the
index had fallen by 37 points, snapping a fourday upmove.
In Sensex, 21 stocks fell led by HDFC Bank, ICICI Bank, HDFC, Bajaj Auto, L&T and Bhel. Infosys, Bharti Airtel and
Tata Power also reported losses.
On gainers side, ITC, RIL and Tata Motors ended higher.
Similarly, the National Stock Exchange index Nifty today dropped by 28.25 points, or 0.48 percent to end at 5,914.10.
It shuttled between 5,952 and 5,893.65 range intraday.
Sectorally, the consumer durable sector suffered the most by losing 1.99 per cent to 7,020.82, followed by power index
by 1.36 per cent to 1,775.84. Realty index lost 1.24 per cent to 2,075.76 and banking index 0.92 per cent to 13,816.85.
Earlier in the day, showing green shoots of recovery, industrial production inched up 2.4 per cent in January mainly
on account of good show by manufacturing and power sectors.
However, retail inflation moved up for the fifth consecutive month to 10.91 per cent in February remaining in the
doubledigit terrain for third month in a row on account of higher prices of vegetables, edible oil, cereals and
proteinbased items.
Keywords: Sensex, BSE, closing trade
Printable v ersion | Mar 1 3 , 2 01 3 8:50:09 PM | http://www.thehindu.com /business/m arkets/sensex-down-81 -points/article4 5009 4 1 .ece
The Hindu
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6HQVH[GRZQIRUWKLUGGD\IDOOVSRLQWV7KH+LQGX
Business Markets
Published: March 13, 2013 16:28 IST | Updated: March 13, 2013 16:29 IST
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The BSE benchmark Sensex on Wednesday fell for the third straight day by losing 202 points to end at one-week low
of 19,362.55 on sustained profit selling as foreign brokerages including Morgan Stanley cut Indias FY14 GDP
forecast, amid a weakening global trend.
After losing 118 points in the last two sessions, the Sensex dropped further by 202.37 points, or 1.03 per cent to
19,362.55 led by banking and financial stocks. This is the lowest since Sensexs closing of 19,252.61 on March 6.
Market participants were cautious ahead of WPI data release tomorrow, traders said. In 30-share Sensex, 22 stocks
declined and six gained, while Sterlite Industries and Tata Power closed unchanged.
Sectorally, the banking index suffered the most by losing 2.18 per cent to 13,515.54 as stocks of HDFC Bank, ICICI
Bank, SBI and HDFC fell as interest rate hopes faded further.
Among other interest-sensitive sectors, the consumer durable index was second worst performer as it dropped 1.57
per cent to 6,910.59 and auto index fell by 1.53 per cent to 10,669.43.
Hopes of a rate cut by RBI on March 19 were also dimmed after better-than-expected IIP data and rising retail
inflation were released yesterday.
The broad-based National Stock Exchange index Nifty fell by 62.90 points, or 1.06 per cent to end at 5,851.20.
Tomorrow inflation numbers are to be announced and market volatility is likely to continue. Global factors will have
near term impact too on the indices, said Nidhi Sarswat, Senior Research Analyst, Bonanza Portfolio Ltd.
Earlier today, Morgan Stanley lowered Indias GDP growth forecast for 2013-14 to 6 per cent, from 6.2 per cent
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estimated earlier, citing challenging domestic and external environment and lower-than-expected expansion logged in
the last quarter. Reports said HSBC has also cut its forecast.
Brokers said a weak trend in the Asian region and lower opening in Europe before the announcement of Eurozone
area producton further influenced the sentiment.
Keywords: BSE, NSE, Sensex, Nifty
Printable v ersion | Mar 1 3 , 2 01 3 8:4 9 :1 7 PM | http://www.thehindu.com /business/m arkets/sensex-down-for-third-day -falls-2 02 -points/article4 504 7 2 3 .ece
The Hindu
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After rising for the past 10 trading days, the Dow ended modestly lower Friday following a surprise drop in a measure of
consumer confidence.
The Dow Jones industrial average fell 0.2%, ending the longest winning streak since 1996. The S&P 500 fell 0.2% after coming
within two points of its October 2007 record high on Thursday. The Nasdaq lost 0.3%.
All three indexes ended higher for the week, and are up between 7% and 11% for the year.
The last time the Dow had such a string of gains, then Federal Reserve chairman Alan Greenspan warned that investors were
experiencing "irrational exuberance."
"The optimism we've seen for stocks suggests that expectations are very high," said Bruce McCain, chief investment strategist
at Key Private Bank. "And reality often doesn't live up to that level of perfection."
Still, he said a correction in stock prices would be healthy, creating opportunities for new investors to push the market higher in
the second half of the year.
Stocks have been supported by better-than-expected economic data and signs the Federal Reserve will keep its stimulus
policies in place. But there are concerns that growth in emerging markets, such as China, is beginning to "roll over," said McCain.
Related: Greenspan says stocks are undervalued
Meanwhile, data released Friday painted a mixed picture for the U.S. economy.
The Thomson Reuters/University of Michigan index of consumer sentiment for March unexpectedly fell, raising worries about
the impact of higher income tax rates on household spending.
The index was at its lowest level in 15 months, driven by a "combination of the payroll tax hike and rising gasoline prices," said
Amna Asaf, an economist at Capital Economics in Toronto.
Earlier in the day, the U.S. Bureau of Labor Statistics said the consumer price index rose 0.7% last month, driven mainly by a
spike in energy prices. CPI was expected to have risen 0.5%, according to a Briefing.com consensus. But the annual inflation rate
is still just 2%, within the range that the Federal Reserve finds to be comfortable.
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Separately, industrial production rose more than expected in February, after being flat in the prior month, according to the Fed.
Bank stocks were in focus after the Federal Reserve on Thursday approved the capital plans submitted by 16 of the 18 banks it
subjected to stress tests.
Bank of America ( BAC, Fortune 500) shares rose after it announced plans to repurchase $10.5 billion of common stock and
preferred shares. Wells Fargo ( WFC, Fortune 500) said it would increase its quarterly dividend payment to 30 cents per share,
starting in the second quarter.
J.P. Morgan Chase ( JPM, Fortune 500) and Goldman Sachs ( GS, Fortune 500) both dipped after the Fed approved their
capital plans, but with conditions attached. Shares BB&T Corp ( BBT, Fortune 500), one of only two banks to have its capital
plans rejected, also fell.
Separately, the Senate issued a scathing report late Thursday, accusing JPMorgan of intentionally misleading investors about
the so-called London Whale trades, which ultimately led to losses of $6 billion for the bank. Former chief investment officer Ina
Drew and other executives testified before a Senate panel Friday.
Related: Former London Whale Boss: I was misled
Shares of Carnival Cruise Lines ( CCL) fell after another of its ships experienced technical difficulties, the latest in a growing
list of woes for the company. Carnival also reported earnings that widely missed estimates, and issued a weak outlook.
The Securities and Exchange Commission said two units of the hedge fund SAC Capital agreed to pay a record $619 million in
fines to settle insider trading charges.
Friday was the last day to close out certain options, known as "quadruple witching," which is when four types of contracts expire
-- those tied to market index futures, market index options, stock options and stock futures.
Related: Fear & Greed Index reaches extreme greed
European markets ended lower. European Union officials agreed Friday to give Portugal more time to meet targets for reducing
its debt.
Asian markets ended mixed. Japan's Nikkei extended recent gains after parliament confirmed the appointment of Haruhiko
Kuroda as Bank of Japan governor, raising expectations of swift monetary easing. Hong Kong's Hang Seng fell on lingering
concerns about local measures to curb runaway real estate prices.
Oil and gold prices both edged higher as the U.S. dollar weakened. The yield on the 10-year U.S. Treasury note dipped to 2%.
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Business Markets
Published: March 18, 2013 09:44 IST | Updated: March 18, 2013 09:44 IST
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The BSE Sensex on Monday fell by over 183 points in early trade, extending losses for the second straight session, due
to sustained selling by funds amid a weak trend on other Asian bourses.
The 30-share benchmark index, which had lost 142.88 points on Friday, lost 183.14 points, or 0.94 per cent, to
19,244.42 in the early trade.
Similarly, the wide-based the National Stock Exchange Nifty declined by 58.25 points, or 0.99 per cent, to 5,814.35.
All the sectoral indices, led by metals, realty and bank, were trading in the negative zone, with losses of up to 2.07 per
cent.
Brokers said continued selling by funds largely in line with a weak trend in Asian bourses as eurozone fears returned
on news that Cyprus was planning to tax bank depositors as part of a controversial bailout, influenced the trading
sentiment here.
In the Asian region, Hong Kongs Hang Seng index was down by 2.04 per cent and Japans Nikkei index shed 2.15 per
cent in the morning trade. The US Dow Jones Industrial Average ended 0.17 per cent lower in Fridays trade.
Keywords: BSE, NSE, Sensex, Nifty, Asian bourses
Printable v ersion | Mar 1 8, 2 01 3 5:02 :1 3 PM | http://www.thehindu.com /business/m arkets/sensex-down-1 83 -points-on-weak-asian-cues/article4 52 1 3 3 0.ece
The Hindu
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U.S. stocks tumbled Monday as a controversial bailout and bank tax in Cyprus reminded investors that Europe's debt problems
are far from over.
The Dow Jones industrial average fell 0.4%, while the S&P 500 lost 0.5% and the Nasdaq declined 0.3%.
Investors were concerned by news that euro area officials would tax bank deposits in Cyprus as part of a 10 billion bailout the
nation's over-leveraged banking sector. The news sent Asian stocks into a tailspin and weighed on European markets earlier
Monday.
Bill Stone, chief market strategist at PNC wealth management, said investors may once again worry about the links between
banks and the most troubled, heavily indebted countries that are part of the eurozone. But he added that the situation in Cyprus
is fluid and the island nation of about 800,000 people is not likely to cause a shift in Europe's economic outlook.
The reaction was more muted in the United States, where a small pullback in stocks shouldn't be a big surprise given that the
Dow and S&P 500 are near record highs. After rising for 10 trading days in a row, U.S. stocks edged lower Friday, ending the
longest winning streak since 1996.
Under the provisional agreement with Cyprus, the European Union has required a one-time tax of 6.75% on bank deposits of less
than 100,000, and 9.9% for those over that amount.
Vote for your favorite stock in March Stock Mania
Cypriots rushed to ATMs as the country tried to win parliamentary support. While eurozone leaders stressed that Cyprus is a
unique case, investors worry that depositors in other financially weak European nations might face similar bailout provisions in
the future.
"The real problem with the Cypriot bank tax proposal is that it breaks an implicit covenant that depositors will not be subject to
losses from bank failure," said Guy LeBas, chief fixed income strategist at Janney Capital Markets.
Given the Cypriot economy's size (less than 0.5% of overall output in the eurozone) and the amount of money involved, it's
unlikely financial contagion will spread to other euro area nations according to analysts at Barclays Capital.
"We consider the likelihood of a bank run in other periphery countries to be limited, including in Greece," the analysts wrote in a
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report.
Related: Cyprus just a 'hiccup' for stock rally
Meanwhile, the decision to tax bank deposits may hit Russia particularly hard since half of all the bank deposits in Cyprus are
believed to be held by Russians. According to Moody's, Russian corporate deposits are worth about $19 billion and any default
could affect the servicing of bank debt in Russia.
The euro plunged 1% versus the U.S. dollar to $1.29. Gold prices jumped $12 to 1,604.60 an ounce. Oil prices edged higher. The
yield on the 10-year Treasury note fell to 1.96% from 2% late Friday.
Wall Street's so-called fear gauge, the CBOE market volatility index, or VIX ( VWA) rose nearly 20%. It remains at historically
low levels though. And CNNMoney's own Fear & Greed Index is still in Greed mode.
European bank stocks were under pressure. National Bank of Greece ( NBG), Banco Santander ( SAN) and Barclays ( BCS)
all fell. In the U.S., shares of Wells Fargo ( WFC, Fortune 500), Citigroup ( C, Fortune 500) and JPMorgan Chase ( JPM,
Fortune 500) also were lower.
Related: Fear & Greed Index backs away from extreme greed
JC Penney ( JCP, Fortune 500)shares rallied after analysts at ISI Group suggested the troubled retailer could raise $10.8
billion by leasing space in 300 of its stores as part of a real estate investment trust.
Shares of Carnival Corp. ( CCL) slid 3%, after the cruise line issued a weak sales forecast for the year on Friday. The company
has had a string of mechanical issues over the last several weeks.
Constellation Brands ( STZ) shares rallied after the Justice Department agreed late last week to give Anheuser-Busch InBev
( BUD) and Modelo Group more time to negotiate the terms of their merger.
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Business Markets
Sensex tumbles 285 points after DMK withdraws support to UPA
PTI
The BSE benchmark Sensex on Tuesday plummeted 285 points to close at a two-week low level of 19,008 after
the governments key ally DMK withdrew support amid a weak global trend, even as the RBI cut repo rate.
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After a higher start at 19,378.61, the Sensex dropped below 19,000 level before ending 285.10 points lower at
19,008.10, a level last seen on March 5.
The NSE index Nifty shuttled between 5,863.60 and 5,724.30 before ending lower by 89.30 points to 5,745.95.
Market sentiment battered after a major constituent of the ruling UPA government DMK withdrew its support over
the issue of alleged human rights violations of Tamils in Sri Lanka. However, the Congress- led government said there
was no threat to its stability.
Traders said the market received jolt after the RBI cut key interest rate by 0.25 per cent but indicated that there is
limited room for further monetary easing.
The RBI has acted according to the expectation of the market. But still we saw Rupee and Sensex turning around on
the back of hawkish comments made by the RBI, said Abhishek Goenka, Founder & CEO, India Forex Advisors.
The DMK pulling out the support from government spoiled the much created mood on rate cut expectation, he added.
A weak trend in the Asian region and lower opening in Europe before Cypriot lawmakers meet to discuss a bankdeposit levy, also shadowed the region stock markets, traders said.
Financial and interest sensitive stocks were major losers and pulled down the benchmark to suffer its biggest single
day loss in last three weeks.
The stock of Bharti Airtel plunged 4.74 per cent to Rs 293.40 after a Delhi court summoned its Chairman Sunil Bharti
Mittal in additional spectrum allocation case.
The banking index fell 1.97 per cent to 13,209.63.
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In 30-BSE index components, 24 stocks declined led by BHEL, Reliance Industries, Infosys, Jindal Steel, ONGC,
Larsen and Toubro, Mahindra and Mahindra and Hindustan Unilever.
All sectoral indices were down led by realty and capital goods by losing up to 3.63 per cent.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock markets, closing
trade, DMK pull-out, RBI, RBI rate-cut
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Business Markets
Published: March 21, 2013 17:13 IST | Updated: March 22, 2013 00:13 IST
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In a roller-coaster ride, the Bombay Stock Exchange benchmark index, Sensex, surrendered a nearly 200-point gain
to end over 91 points down on emergence of fag-end selling triggered by weak European markets.
The 30-share index resumed better on firm Asian trends, and hit an intra-day high of 19082.29.
However, the pull-back proved to be short-lived as weak European markets pushed the Sensex down by 91.32 points to
end at 18792.87. The National Stock Exchange index, Nifty, lost 35.65 points to end at 5658.75.
Rupee up
The rupee appreciated by eight paise, its biggest gain in nearly a week, to close at 54.28 against the dollar on
continued dollar selling by exporters and mild capital inflows.
At the interbank foreign exchange market, the rupee resumed higher at 54.30 a dollar from the previous close of
54.36.
The rupee then moved in a narrow range of 54.19 and 54.33, and finally concluded at 54.28. PTI
Keywords: sensex, BSE, DMK issue, CBI raid
Printable v ersion | Mar 2 2 , 2 01 3 5:4 5:2 7 AM | http://www.thehindu.com /business/m arkets/sensex-falls-ov er-91 -points-to-4 m onth-low/article4 53 3 9 82 .ece
The Hindu
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U.S. stocks fell Thursday, with technology stocks weighing on the broader market following lackluster earnings from Oracle.
The Dow Jones industrial average slipped 0.6%, with Cisco ( CSCO, Fortune 500), Hewlett-Packard ( HPQ, Fortune 500)
and IBM ( IBM, Fortune 500) among the biggest laggards. The S&P 500 declined 0.8%, while the tech-heavy Nasdaq fell 1%.
Oracle ( ORCL, Fortune 500) was the biggest drag on both the S&P 500 and Nasdaq 100. Shares of the software giant tumbled
nearly 10% after its third-quarter sales fell short of forecasts.
Investors are using high-profile earnings disappointments like Oracle's as an "excuse" to step back following a significant
advance in stocks, said Michael Sheldon, chief market strategist at RDM Financial Group.
The Dow and S&P have gained 10% since November, when stocks first began their big advance. During the past couple of weeks,
the blue chip index has soared to record highs, while the S&P has remained less than 1% below its all-time high.
Given that the market has climbed so high so quickly, Sheldon said it would be "no surprise" to see a pullback of 3% to 5%. But he
suspects that will be short-lived, as investors use the retreat to add to their stock positions.
Related: 5 reasons the bull market has room to run
The uncertainty in Cyprus has also been giving investors reason to take a breather.
While Cyprus hasn't spurred a huge sell-off in financial markets, Sheldon said investors still want to see that all the major
players in Europe can work together to resolve the country's debt burden.
Early Thursday, the European Central Bank told the troubled nation it had until Monday to sort itself out or face the
consequences of a potential financial collapse and/or exit from the euro.
"If this drags out and causes more infighting among countries in Europe, that could lead to further instability in a part of the
world that badly needs continued coordination," said Sheldon.
Related: Google vs. Apple. Which is your favorite?
Meanwhile, investors mulled several reports on the health of the U.S. economy.
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Jobless claims totaled 336,000 last week, according to the U.S. Department of Labor. That's up 2,000 from the prior week, but
less than the 345,000 forecast by Briefing.com consensus.
The National Association of Realtors said existing home sales in February edged up 0.8% to an annual rate of 4.98 million, a 3year high but slightly lower than expectations.
The Philly Fed's index rose to 2 in March from -12.5 the prior month. Readings lower than zero signal contraction in the area
covering eastern Pennsylvania, southern New Jersey and Delaware. Economists were expecting a reading of -3 for March.
Just days after recalling see-through yoga pants, lululemon athletica ( LULU) reported earnings and sales that squeaked past
estimates and said it was working closely with manufacturers to resolve the yoga pant issue. The company also said its current
quarter and full-year earnings would come in below analysts' forecasts.
KB Home ( KBH) shares edged higher after the homebuilder reported that sales surged 59% in the first quarter, as more
homes were delivered and prices increased.
Shares of Scholastic ( SCHL) sank after the the children's book publisher lowered its forecast for the year a second time as
sales of the Hunger Games books remained below last year's levels.
Related: Fear & Greed Index edges into extreme greed
European markets ended sharply lower, while Asian markets ended mixed. The Shanghai Composite added 0.3% and the Nikkei
increased 1.3%, while the Hang Seng declined 0.1%.
A report on Chinese manufacturing showed activity expanded at a faster clip than expected by many economists, which may
quell worries about the country's economy slowing down.
The dollar rose against the euro, but fell versus the British pound and the Japanese yen.
Oil prices edged lower, and gold prices gained.
The price on the 10-year Treasury rose, pushing the yield down to 1.92% from 1.94% late Wednesday.
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Business Markets
Published: March 25, 2013 17:07 IST | Updated: March 25, 2013 17:07 IST
The BSE benchmark Sensex on Monday closed 54 points down at a four-month low of 18,681 points as investors
booked profit mainly in capital goods, auto and metal stocks ahead of monthly expiry of derivatives contract.
Erasing initial gains, the 30-stock index fell for the seventh straight session by losing 54.18 points, or 0.29 per cent to
18,681.42, its lowest level since November 26, 2012.
The gauge rose to 18,950.22 at the outset. In the last six sessions, the Sensex had lost over 835 points.
NSE index
Similarly, the National Stock Exchange index lost 17.50 points, or 0.31 per cent, to 5,633.85, after touching the days
high of 5,718.40.
Brokers said the market remained in bear grip ever since the DMK withdrew support to the UPA government and the
Reserve Bank of India indicated no room for more interest rate cut last week.
They said investors were reducing their holdings in brief trading sessions this week, before the end of the monthly
expiry in derivatives segment on Thursday.
The market will remain closed on Wednesday for Holi Festival and Friday for Good Friday.
Selling pressure was strong enough to reduce the impact of a firming global trend as an overnight rescue deal between
Cyprus and Euroarea finance ministers lowered the nations risk of default.
In 30-BSE index components, 20 stocks declined led by Larsen and Toubro, State Bank of India, ICICI Bank, Hero
MotoCorp, Infosys, Reliance Industries, Bharti Airtel, GAIL India and Cipla. The stocks of Sun Pharma remained
unchanged at Rs. 820.30 in limited deals.
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However, a gain in HDFC Ltd., HDFC Bank, Hindustan Unilver, NTPC, ONGC and Coal India saved the market from
any major fall.
The capital goods sector suffered the most by losing 1.44 per cent to 8,992 followed by auto sector index by 0.78 per
cent to 10,036.25. Metal index lost 0.71 per cent to 8,564.01 and banking index by 0.66 per cent to 12,781.91.
Keywords: sensex, BSE, Bombay Stock Exchange, Nifty, NSE, National Stock Exchange, closing trade, stock
broking, share trading
Printable v ersion | Mar 2 6 , 2 01 3 4 :52 :00 AM | http://www.thehindu.com /business/m arkets/sensex-down-by -54 -points/article4 54 7 1 04 .ece
The Hindu
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U.S. stocks closed lower Monday, as investors worried whether Cyprus could set a precedent for other debt strapped eurozone
nations.
The S&P 500, Dow Jones industrial average and Nasdaq ended down between 0.3% and 0.4%, clawing back from steeper losses.
Traders said volume was particularly light.
Cyprus struck a deal with European negotiators early Monday that will mean big losses for account holders with more than
100,000 at the two biggest banks -- the Bank of Cyprus and Popular Bank of Cyprus.
Investors had largely dismissed Cyprus' bailout as confined to the tiny island nation. But investors got spooked after the head of
the Eurogroup of eurozone finance ministers, Jeroen Dijsselbloem, told Reuters that what happened in Cyprus could be a model
for bailouts throughout the EU.
Dijsselbloem later issued a statement rebutting those comments, saying Cyprus was "a specific case with exceptional
challenges." He also noted that economic plans are "tailor made" for the country involved, and "no models or templates are
used."
Still, investors had trouble forgetting the idea that Cyprus could set a precedent once it was circulated.
Related: Tough times for Cyprus after EU bailout
Fitch Ratings said it was "alert to the precedent this may set for further forms of capital controls within the eurozone."
The Dow had hit a new intraday record high shortly after the open, and the S&P 500 nearly topped its all-time closing high
before Dijsselbloem's comments.
"Once you deal with the banking system in Cyprus, you need to address the rest of the periphery in Europe," said Paul Powers, a
managing director at Raymond James. "It reminds people how fragile the rest of the system can be."
Related: Try CNNMoney's new Portfolio tool
The dollar rose more than 1% against the euro, which was trading around $1.29.
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European markets finished the day lower, after earlier rallying more than 1%, while Asian markets ended mixed. The iShares
MSCI Italy Capped Index Fund ( EWI) also dropped 4%.
European bank stocks also came under pressure with shares of Societe Generale ( SCGLF) falling nearly 7% and Deutsche Bank
( DB) shedding 5%. BBVA ( BBVA) and Banco Santander ( SAN) were also markedly lower.
Shares of major U.S. banks followed suit. Bank of America ( BAC, Fortune 500), Citigroup ( C, Fortune 500), Morgan Stanley
( MS, Fortune 500) and JPMorgan Chase ( JPM, Fortune 500) all dropped between 1% and 2%.
Related: Google narrowly defeats Exxon in March Stock Mania
Aside from Cyprus, Dell ( DELL, Fortune 500) shares jumped nearly 3%, after the PC maker said early Monday that it had
received two competing bids to founder Michael Dell's buyout offer. Both Carl Icahn's Icahn Enterprises ( IEP, Fortune 500),
and Blackstone Grou ( BX)p submitted separate buyout offers, which Dell said may turn out to be superior.
Tesla's ( TSLA) stock surged in late trading, after CEO Elon Musk tweeted that a "really exciting @TeslaMotors
announcement" would be "coming on Thursday."
Shares of Apollo Group ( APOL) rallied 7%, after the education company reported earnings that blew past estimates, even as
enrollment at University of Phoenix declined nearly 16%.
BlackBerry ( BBRY) continued to come under pressure, after its new Z10 phone received a lukewarm reception by U.S.
consumers. Goldman Sachs also downgraded the smartphone maker to neutral, calling the U.S. launch "disappointing."
Shares of Dollar General (
DG, Fortune 500) rose after the retailer's profit topped expectations.
Best Buy ( BBY, Fortune 500) stock rose after the retailer's founder, who recently dropped a plan to take the company private,
announced that he would return to become chairman emeritus.
Shares of Facebook ( FB) dropped more than 2% after the SEC approved Nasdaq's plan to pay $62 million to trading firms that
incurred losses on the day of Facebook's IPO.
Related: CNNMoney's Fear and Greed Index in Greed Territory
In the commodities market, oil prices rose nearly 1%, while gold prices edged slightly lower.
The U.S. dollar rose against the British pound but fell against the Japanese yen.
The yield on the 10-year Treasury note edged down to 1.92% from 1.95 in early trading Monday.
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Business Markets
Published: April 3, 2013 17:05 IST | Updated: April 3, 2013 17:05 IST
Ending a four-day upsurge, the BSE benchmark Sensex on Wednesday fell 239 points on profit-booking by funds in
heavy-weights led by auto and telecom sectors amid concern over lower fourth quarter earnings and a weak global
trend.
The Sensex dropped 239.31 points, or 1.26 per cent to 18,801.64. It had touched the days low of 18,721.72. The index
had gained 360 points in last four trading sessions.
Similarly, the broad-based National Stock Exchange index Nifty plunged 75.20 points, or 1.31 per cent, to 5,672.90,
after falling to 5,650.10.
Brokers said the market has been lacking any positive trigger while reports of lower quarterly earnings by companies
in the fourth quarter sparked capital outflow.
The countrys private sector output for the month of March witnessed the slowest rate of expansion in 17 months
owing to a significant decline in new business orders, said an HSBC survey.
The sentiment further dampened on weak trend in Asia and lower opening in Europe as investors await reports on US
employment and services industries, traders added.
Automakers lead falls on concern over slowing vehicle sales and the sector index dropped 2.23 per cent to 9,729.57 led
by stocks of Tata Motors, Bajaj Auto and Maruti Suzuki.
Bharti Airtel, the biggest mobile-phone services provider fell by 3.95 per cent to Rs 280.65 and Tata Telecom by 1.46
per cent to Rs 8.76 amid fears telecom companies struggling to control costs prices.
In 30-BSE index components, 26 stocks declined while four ended with gains. The losers led by Reliance Industries,
Infosys, Larsen and Toubro, Coal India, Gail India, Hero MotoCorp, Hindalco, ICICI Bank and State Bank of India.
The realty sector index suffered the most by losing 2.68 per cent to 1,838.11 followed by capital goods by 2.29 per cent
to 9,127.89. Metal index fell by 2.08 per cent to 8,647.01 and oil and gas index by 1.82 per cent to 8,372.87.
Keywords: sensex, BSE
Printable v ersion | Apr 3 , 2 01 3 5:2 3 :57 PM | http://www.thehindu.com /business/m arkets/sensex-drops-2 3 9 -points/article4 57 697 7 .ece
The Hindu
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U.S. stocks lost ground Wednesday, following a weaker-than-forecast report about private sector job growth and sluggish
growth in the services sector.
The Dow Jones industrial average and S&P 500, which both finished at record highs a day earlier, slipped 0.6% and 0.9%,
respectively. The Nasdaq fell 1%.
All about jobs. Payroll processing firm ADP reported Wednesday that the U.S private sector added 158,000 jobs in March.
was weaker than expected and comes just days ahead of the government's closely watched monthly jobs report. On Friday,
Labor Department is slated to release the March jobs report ahead of the opening bell. Analysts expect the economy to hav
added 192,000 jobs last month, according to Briefing.com.
Meanwhile, the Institute for Supply Management's monthly report on growth in the service sector was also disappointing.
ISM Services index came in at 54.4 for March, marking the weakest pace of growth in seven months.
Related: Fear & Greed index nudging closer to extreme greed
What's moving. On the corporate front, shares of Zynga ( ZNGA) shot higher after the online gaming firm announced it w
soon launch its first real money games -- ZyngaPlusPoker and ZyngaPlusCasino -- in the U.K..
Monsanto ( MON, Fortune 500) shares rose after the company's profit and earnings topped expectations on strong sales
biotech seeds.
Shares of ConAgra ( CAG, Fortune 500) declined after the food producer said its quarterly profit tumbled 57% due to cost
associated with its acquisition of Ralcorp.
J.C. Penney's ( JCP, Fortune 500) shares edged lower. The company disclosed late Tuesday that it had slashed the pay of C
Ron Johnson and other executives as the retailer continues to struggle.
Tesla ( TSLA) shares dropped as investors were underwhelmed by the electric car maker's announcement of a new financi
option for buyers.
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European markets finished lower, while Asian markets ended mixed. The Shanghai Composite and the Hang Seng lost 0.1%
Meanwhile, the Nikkei added 3% as the Bank of Japan was expected to announce deflation fighting measures in its first me
under the leadership of Haruhiko Kuroda.
The dollar declined against the euro, the British pound and the Japanese yen.
Oil and gold prices dropped more than 1%.
The price on the 10-year Treasury yield rose, pushing the yield down to 1.82% from 1.86% late Tuesday.
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Business Markets
Published: April 4, 2013 16:59 IST | Updated: April 4, 2013 17:19 IST
The BSE benchmark Sensex on Thursday plummeted nearly 292 points to four-month low level of 18,509 points on
across-the-board selling led by stocks of realty, IT and consumer durable amid concerns over economic growth and
corporate earnings.
The Sensex dropped by 291.94 points, or 1.55 per cent, to close at 18,509.70, a level last seen on November 23 as
overseas funds remained net sellers. The index had lost 239 points in the previous session.
Similarly, the broad-based National Stock Exchange index Nifty plunged below 5,600 level by losing 98.15 points, or
1.73 per cent, to 5,574.75.
Brokers said the trading sentiment remained bearish as foreign investors turned net sellers on Indian bourses amid
concerns over weakening economic growth and corporate earnings may disappoint, amid fresh developments on the
political front.
Foreign institutional investors sold $ 5.5 million worth of shares on April 2, only the fourth day of net sales this year.
Investors feared the fourth quarter earning season beginning from next week might give a gloomy picture, brokers
added.
The current fall was led by stocks of realty, information technologies and consumer durable sectors. In 30-BSE index
components, 24 stocks closed with losses.
Major losers which dragged down the benchmark lower were Infosys, Reliance Industries, Tata Consultancy Services,
Jindal Steel, Sterlite Industries, SBI, ICICI Bank, ITC, Larsen and Toubro and Bharti Airtel.
The Auto sector declined after most companies reported this week a drop in March sales from a year earlier.
The realty sector index suffered the most by losing 3.39 per cent to 1,775.72 followed by IT index by 2.45 per cent to
6,743. Consumer durables lost 2.05 per cent to 6,993.88 and banking index by 1.89 per cent to 12,789.
Keywords: Sensex, Realty sector, IT index, Economic growth
Printable v ersion | Apr 5, 2 01 3 8:05:3 8 AM | http://www.thehindu.com /business/m arkets/sensex-plunges-2 92 -points-to-fourm onth-low/article4 5807 84 .ece
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"The path of least resistance is higher," said Ablin. "If you look at stocks through the lens of the bond market, it's the most
attractive place to be."
Fear & Greed Index: Neutral
What's moving: Shares of F5 Networks ( FFIV) plunged 19% after the technology company announced preliminary quarte
earnings and sales that fell well short of expectations. F5 competitors Cisco Systems ( CSCO, Fortune 500) and Juniper
Networks ( JNPR) were also under pressure.
In South Korea, Samsung Electronics said its first-quarter sales and earnings would be better than forecasts. Hopes are also
high for Samsung's latest Galaxy smartphone. The Galaxy S4 could present more competition to iPhone maker Apple ( AA
Fortune 500), which is back near its 52-week low.
Related: Bitcoins are a bubble
World markets: European markets also in the wake of the U.S. jobs report. The FTSE 100 in London and CAC 40 in Paris
dropped about 1.5%, while the DAX in Frankfurt lost about more than 2%.
Asian markets ended mixed. Japan's Nikkei added 1.6% as the BoJ-induced rally continued. The Nikkei reached its highest
in nearly five years on Friday, as the Bank of Japan took aggressive action to counter persistent deflation by pumping more
money into the economy.
Hong Kong's Hang Seng tumbled 2.7%. Shanghai's market was closed for a holiday.
The dollar was lower against the euro and the British pound, but higher versus the Japanese yen. Oil prices slipped.
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Business Markets
Published: April 9, 2013 16:58 IST | Updated: April 9, 2013 18:33 IST
The BSE benchmark Sensex on Tuesday slided over 211 points to end at seven-month low of 18,226.48 on sharp losses
in IT stocks led by Wipro which tanked over 12 per cent on the first trading session after a spinoff of its non-IT
business.
The Bombay Stock Exchange 30-share gauge resumed better and touched a high of 18,565.56 on firm Asian cues.
However, heavy selling after mid-session pulled it down to settle near the days low level of 18,226.48, registering a fall
of 211.30 points or 1.15 per cent. Previously, it had settled at 18,021.16 on September 13, 2012. In five days of trading,
Sensex has plunged by 814.47 points or 4.28%.
Countrys third largest software services exporter, Wipro, was at the receiving end with a fall of 12.19 per cent and was
the top loser from the Sensex pack, wiping out almost Rs 11,900 crore from its market value. Today was its first day of
trade as standalone IT stock after it hived off its three non-IT business divisions into a privately-held company.
Ahead of its earnings on Friday, Infosys lost 2.36 per cent and continued to be on the selling list.
Besides IT stocks, refinery, PSU, FMCG and realty shares attracted profit-booking even at current lower levels.
Similarly, CNX Nifty index fell by 47.85 points to end at 5,495.10, also its lowest closing since September 13, 2012.
Sustained selling by FIIs, the main market mover, is one of the main reasons behind the recent downslide. FIIs sold
shares worth Rs 163.95 crore on Monday.
Selling was seen all across with 12 out of 13 sectoral indices closed with losses up to 2.10 per cent. Bucking the overall
trend, BSE-Auto rose by 0.41 per cent following 2.2 per cent gain in Tata Motors the top gainer from Sensex. TCS
also gained 1.1 per cent after announcing Alti SA buy.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock markets
Printable v ersion | Apr 1 0, 2 01 3 2 :3 0:4 8 AM | http://www.thehindu.com /business/m arkets/sensex-at-sev enm onth-low/article4 5984 2 4 .ece
The Hindu
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A sell-off in stocks accelerated Monday afternoon following the news of explosions at the Boston Marathon.
The Dow Jones industrial average, which had been in the red all day, fell 266 points, or 1.8%. About 120 points of that drop took
place following the reports of the explosions in Boston.
The S&P 500 lost 2.3% and the Nasdaq slipped 2.4%.
CNN reported that two explosions were heard near the finish line of the Boston Marathon shortly before 3 p.m. Eastern. (Read
CNN.com for the latest on the explosions.)
Earlier in the day, stocks had already slumped worldwide, gold prices plunged and investors flocked to lower risk assets like U.S.
Treasuries. The initial sell-off began after investors awoke to news that China's economic growth had slowed in the first
quarter.
What happened in China? The Chinese economy grew 7.7% in the first quarter, compared with a year earlier. The report was
"disappointing" and confirmed China's recovery is fragile, said Qu Hongbin, HSBC's co-head of Asian economic research.
Economists had been expecting the Chinese economy to grow 8%, and because it reflected weaker global demand for Chinese
goods and services, the news also drove stocks in Asia and Europe lower.
The Shanghai Composite, Hang Seng and Nikkei all dropped more than 1%. European markets took their cue from Asia, with
London's FTSE falling 0.6%.
China is the world's second-largest economy after the United States, and is considered one of the top engines of global economic
growth. Case in point: 7.7% growth per year is considered weak in China, while the U.S. economy would be lucky to grow around
3% annually.
A separate report also showed industrial production growth slowed sharply in China in March. Heavy manufacturing related to
steel, power and telecommunications equipment showed the most weakness.
Gold bugs get zapped. Gold plunged more than 9% to settle at $1,361 an ounce and popular gold ETF SPDR Gold Trust (
fell 8.8%.
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Mining stocks were hit hard, with Newmont Mining ( NEM, Fortune 500), Rio Tinto ( RIO), Freeport-McMoran Cooper and
Gold ( FCX, Fortune 500), and Rangold Resources ( GOLD) each dropping more than 5%.
The Australian and New Zealand dollars both fell against the U.S. dollar following the weak Chinese data. Both countries rely
heavily on China as an importer of their raw materials.
Investors also opted for the safety of the U.S. dollar against the euro and British pound. Demand for U.S. bonds rose, and the
yield on the 10-year Treasury note slid to 1.7%.
Bracing for barrage of bank and tech earnings. On the flipside, Citigroup ( C, Fortune 500) had some good news. The bank
reported a better-than-expected 30% jump in net income, to $3.8 billion. Revenue also topped forecasts, rising 6% in the latest
quarter.
Goldman Sachs ( GS, Fortune 500), Bank of America ( BAC, Fortune 500) and Morgan Stanley ( MS, Fortune 500) are on
tap to report results later this week. Tech giants will also report results later this week, with Yahoo ( YHOO, Fortune 500),
Google ( GOOG, Fortune 500) and Microsoft ( MSFT, Fortune 500)all on deck.
Related: Fear & Greed Index slides into neutral
In other corporate news Monday, Dish ( DISH, Fortune 500) said it is bidding $25.5 billion to buy Sprint Nextel (
500), countering an agreement between Sprint and Japan's Softbank. Sprint's stock price surged 14%.
Thermo Fisher Scientific ( TMO, Fortune 500) signed an agreement to acquire Life Technologies (
$13.6 billion, plus debt. Life Technologies shares rose 7.5%.
S, Fortune
Mixed bag of economic news. A major survey of U.S. homebuilders showed the housing recovery may have lost some of its
steam in March. The news weighed on shares of homebuilders. Hovnanian ( HOV), Lennar ( LEN ), DR Horton ( DHI) and
Toll Brothers ( TOL) were all lower.
Separately, the New York Fed released its monthly manufacturing survey showing that conditions for New York manufacturers
improved slightly in April. The indexes for general business conditions and new orders remained positive, despite modest
month-to-month declines.
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Asian markets declined Tuesday as investors considered weak data and a terror attack.
World markets fell Tuesday as investors considered weaker than expected economic growth in China and the implications of a
terrorist attack in Boston.
The Hang Seng in Hong Kong fell 1.0% in early trading while the Shanghai Composite lost 0.4%. The Nikkei in Tokyo dropped
1.1% and was on track for its third straight decline.
Worries over slower global growth have become more pronounced in the wake of soft economic data in China and the United
States.
A terrorist attack in the United States also weighed on investor sentiment. Two bombs struck near the finish line of the Boston
Marathon on Monday, leaving scores injured.
The investigation is still in its preliminary stages, and scores of victims remain hospitalized. The death toll stands at three.
Related story: Full coverage of terror attack
Even before the attack, markets were reacting poorly to a round of disappointing data.
China reported Monday that its economy grew at a 7.7% annual rate in the first quarter, much weaker than the 8% most
economists were expecting. A separate report also showed industrial production growth has slowed sharply in the country.
The data could mean reduced demand for commodities from the world's second-biggest economy and subdued inflationary
pressures.
Heavy manufacturing related to steel, power and telecommunications equipment have shown the most weakness, a trend that
continued Tuesday. Mining stocks in Australia, which rely heavily on China as an importer of their raw materials, were
particularly hard hit.
Gold prices plunged and investors flocked to lower risk assets like U.S. Treasuries and safe-haven currencies. The yen and dollar
both strengthened.
European markets are not yet trading Tuesday, but stock futures indicate a lower open for most major indices.
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U.S. stocks slid for a second day Thursday, with losses in technology and financial shares leading the way.
The Dow Jones industrial average dropped 0.6%, the S&P 500 slipped 0.7% and the Nasdaq stumbled 1.2%.
Morgan Stanley ( MS, Fortune 500) reported better-than-expected results, with strong gains in its burgeoning wealth
management division. However, sharp declines from its trading division rattled investors, pushing shares down 4%. Rival Bank
of Americ ( BAC, Fortune 500)a was the Dow's biggest loser -- sinking 2% -- just a day after dropping 5% on missing firstquarter earnings estimates.
Related: Bear party: Stocks in overdue sell-off
NOK ) stock price dropped 11% after the Finnish cell phone company reported a 20% drop in
Flash memory card maker SanDisk ( SNDK, Fortune 500) reported better-than-expected earnings and sales for the firstquarter, but shares declined more than 6%, making it the biggest loser in the S&P 500 and Nasdaq 100. eBay ( EBAY, Fortune
500) shares were also under pressure, falling nearly 6% after the online-auction site issued weak second-quarter guidance.
Apple's ( AAPL, Fortune 500) shares also continued to slide after falling nearly 6% Wednesday. The iPhone maker's stock
dropped below $390 Thursday, the lowest level since December 2011. Investors recently turned sour after a negative sales
forecast from iPhone supplier Cirrus Logic ( CRUS).
Related: Fear and Greed Index flashing fear signals
While technology stocks were largely weighing on the broader market, Verizon (
Shares of the company jumped almost 3% after it beat earnings forecasts.
Tech stocks remained in focus after the bell as IBM (
( MSFT, Fortune 500) reported earnings.
IBM shares tumbled 3% in after-hours trading after the company's first-quarter results fell short of estimates. Google shares
edged up after its results pleased investors, despite questions on how it plans to make money off its mobile ads and its Motorola
smartphone unit.
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Microsoft shares rose after the company reported its quarterly profit rose from last year, buoyed by Windows 8 sales.
Related: I lost $50K in Bitcoin crash, but I'm still a believer
In economic news, the government said initial jobless claims increased by 4,000 to 352,000 in the week ended April 13. The
gains were slightly below forecasts.
European markets closed mixed after the German parliament reportedly backed a 10 billion bailout for Cyprus. London's FTSE
100 and the DAX in Berlin closed slightly lower, while the CAC 40 in Paris closed higher.
Asian markets ended mixed. The Shanghai Composite added 0.2%, while the Hang Seng declined 0.4% and the Nikkei lost 1.2%.
The dollar fell against the euro and the pound, but edged higher versus the Japanese yen.
Oil and gold prices edged higher.
The price on the 10-year Treasury rose, pushing the yield down to 1.69%.
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Business Markets
Published: May 23, 2013 16:46 IST | Updated: May 23, 2013 16:59 IST
$3
The BSE benchmark Sensex on Thursday lost 388 points to fall below 20,000 level on disappointing March quarter
earnings from state-run lender State Bank of India, amid weak global trend after US Federal Reserve hinted at scaling
down monetary stimulus.
Extending losses for the fourth straight day, the 30-share index nosedived by 387.91 points, or 1.93 per cent, to close
at 19,674.33, with all the sectoral indices, led by realty and capital goods stocks, in the negative zone. The index had
lost nearly 224 points in the previous three sessions.
Similarly, the broad-based National Stock Exchange index, Nifty fell below 6,000 level by losing 127.45 points, or
2.09 per cent, to 5,993.90.
MCX-SX flagship index SX40 also closed down by 178.75 points, or 1.51 per cent, at 11,682.3.
Countrys largest bank SBI today reported a 18.54 per cent decline in net profit at Rs 3,299 crore for the fourth
quarter ended March 31, 2013 on account of lower interest income, causing its shares to plummet over 7 per cent to
close at Rs 2,176.20 apiece on the BSE.
Federal Reserve Chairman Ben Bernanke signalling o Wednesday that monetary stimulus may be scaled back if the US
economy improves further, triggered selling activity in the entire global region, traders said.
Also, reports of manufacturing activity in China contracting in May for the first time in seven months further
dampened the trading sentiment further, they added.
Ranbaxy slumped 8.80 per cent to Rs 393.15 after its Japanese promoters blamed the companys former Indian
owners for concealing and misrepresenting critical information about US investigation into sale of adulterated drugs.
In 30BSE index components, 29 stocks declined with the two most heaviest with their nearly 16 per cent weightage
Reliance Industries and Infosys dropping 3.99 per cent to Rs 785.15 and by 1.23 per cent to Rs 2,358.90, respectively.
The realty sector index suffered the most by losing 5.95 per cent to 1,784.56 followed by capital goods by 5.19 per cent
to 9,436.96. Power index fell by 3.96 per cent to 1,731.54 and banking index by 2.84 per cent to 14,452.86.
Keywords: Sensex, BSE, NSE, stock market, SBI Balance sheet
Printable v ersion | May 2 3 , 2 01 3 7 :2 9 :4 4 PM | http://www.thehindu.com /business/m arkets/sensex-falls-below-2 0k-down-3 88-points/article4 7 4 2 1 7 3 .ece
The Hindu
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U.S. stocks recovered from steep declines Thursday to end only modestly lower as investors discounted concerns about the
Federal Reserve curtailing its bond buying program.
The Dow Jones industrial average fell less than 0.1%. The S&P 500 lost 0.3% and the Nasdaq declined 0.1%. All three indexes
were down nearly 1% earlier in the session.
Hewlett Packard ( HPQ, Fortune 500) was by far the biggest gainer of the day. Shares of the PC maker rallied 17%, a day after
the company's earnings beat estimates and CEO Meg Whitman said she was "encouraged" by the turnaround plan.
A big sell-off in Japan dragged down Europe and put pressure on U.S. markets in early trading, but they clawed back throughout
the day.
Click for more on commodities, currencies and bond prices
China manufacturing and Fed fallout: Some investors blamed the weakness in Asian stocks on a report that showed
manufacturing activity in China slowed in May for the first time in seven months, raising concerns about growth in the world's
second biggest economy.
But others argued that the selling was a continuation of losses sustained late Wednesday after minutes from the Fed's latest
policy meeting showed some officials were willing to start slowing the pace of the central bank's bond buying program as soon
as June.
"The red today is all fallout from the Fed yesterday," said Phil Orlando, chief equity market strategist with Federated Investors.
Bernanke told lawmakers Wednesday that withdrawing the Fed's stimulus measures prematurely could derail the economic
recovery, though he hinted that the central bank could slow the pace of its bond buying later this year if the economy improves.
"Everyone's concerned the Fed starts to taper in June," said Orlando. "We think there's zero chance that happens."
The Fed's stimulus policies have been a big driver of the bull market over the past few years. But with the major indexes up more
than 15% so far this year, some investors have called for a pullback.
"I think the market is looking for excuse to take some profits," said Orlando. "The bears who missed out on the way up will take
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SHLD, Fortune 500) plunged 10% after hours, after the company reported a much bigger loss than expected.
RL, Fortune 500) slumped after the retailer failed to meet lowered revenue forecasts, even as
DLTR, Fortune 500) reported better than expected earnings, sending shares up
Shares of Tesla ( TSLA) nudged higher, a day after the electric car maker announced that it had repaid a $465 million loan from
the government nearly a decade before it was scheduled to do so.
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Business Markets
Published: May 23, 2013 23:42 IST | Updated: May 23, 2013 23:42 IST
6HQVH[WXPEOHGSRLQWVIROORZLQJFUDVKLQJOREDOPDUNHWV
37,
Equities fell sharply on the bourses following crash in shares globally as investors rushed to grab safer assets dumping
equities as manufacturing survey of China and remarks of Ben Bernanke of U.S. Federal Reserve disappointed
markets.
An attempt by the Finance Minister, P. Chidambaram, to talk up the market failed to yield any results but succeeded
in saving them from further fall.
The benchmark Bombay Stock Exchange (BSE) 30-share sensitive index, Sensex, tumbled by 387.91 points or 1.93 per
cent to close at 19674.33. BSE Realty was the worst hit as it dipped by 5.95 per cent followed by capital goods 5.19 per
cent, power 3.96 per cent, banks 2.84 per cent, PSUs 2.68 per cent, oil and gas 2.65 per cent and consumer durables
2.02 per cent.
All sectoral indices ended in the negative territory.
Nifty
National Stock Exchanges 50-share Nifty closed at 5967.05 with a loss of 127.45 points or 2.09 per cent.
Global scene
Globally, Japans Nikkei 225 Average was the biggest loser, with a crash of 7.3 per cent at close followed by Hang Seng
with 2.5 per cent fall. In the European markets, U.K.s FTSE lost 1.79 per cent.
Investors are seeking haven in the greenback after Chinas manufacturing activity contracted to seven-month low in
May. Chinas HSBCs Purchasing Managers Index fell to 49.6 in May as against 50.4 in April. The contraction is on
account of the fall in new orders fuelling concerns that recovery in the worlds second largest economy may slow, said
Disha Bhatt of IIFL.
On Wednesday, U.S. Federal Reserve Chairman Ben Bernanke said the economy still needed aid and premature
scaling down of the bond buying programme could lead to substantial risk of slowing or ending the economic
recovery. However, he was quick to add that the central bank was ready to taper its bond buying programme in the
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coming months provided the housing sector and labour market continued to show strong signs of growth. But the
statement disappointed global markets, which was expecting an early economic recovery.
Rupee at 55.60
The rupee breached the psychological level of 56 per U.S. dollar to touch 56.01 intra-day. It closed at 55.59/60 against
its previous close of 55.46/47.
It dropped below the 56-level for the first time since September 2012.
Currency-wise 2013 would turn out to be U.S. dollar strengthening, and Japanese yen weakening, and a strong dollar
never works for Asian markets, India included, said Tirthankar Patnaik, India Strategist and Chief Economist,
Religare Capital Markets.
While we maintain our 53-55 band with temporary overshoots, weakness in the Japanese yen would force a revision,
potentially shifting the band to 53-57 levels, Dr. Patnaik added.
IIFLs Disha Bhatt expects the rupee to head towards 60 a dollar by December-end. She cites rollback of stimulus or
bond buying by the U.S. Federal Reserve and rise in dollar demand by oil importers as reasons for the dollar
appreciation.
Jobs data
Europes nagging debt crisis and economic recovery in the U.S. are boosting dollar demand.
The U.S. economy lost 8.7 million jobs in the aftermath of the financial crisis. It has since gained back about 6.2
million jobs.
As of April, the U.S. unemployment rate was 7.5 per cent, an improvement from its 10 per cent high seen during the
financial crisis.
Speculation was also rife that the Reserve Bank of India (RBI) might be buying dollars at current levels to shore up its
forex reserves and might not intervene much to stem the rupee slide, said Ms. Bhatt.
Keywords: U.S. Federal Reserve, Bombay Stock Exchange, National Stock Exchange, Sensex, Nifty, rupee rate
Printable v ersion | May 2 4 , 2 01 3 2 :2 3 :2 6 AM | http://www.thehindu.com /business/m arkets/china-data-us-fed-rem arks-send-stocks-into-a-tailspin/article4 7 4 3 4 6 5.ece
The Hindu
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Business Markets
Published: May 24, 2013 18:31 IST | Updated: May 24, 2013 18:31 IST
The price of oil was knocked below $94 a barrel on Friday by a combination of ample supplies and lukewarm demand.
By early afternoon in Europe, benchmark oil for July delivery was down 70 cents to $93.55 a barrel in electronic
trading, on the New York Mercantile Exchange.
On Thursday, the Nymex contract fell as low as $92.91 after weak manufacturing data from China raised questions
about the strength of oil demand in the worlds No. 2 economy. It closed at $94.25 a barrel in New York, down 3
cents.
It seems that the recent disappointing macro numbers from China continue to weigh on market sentiment, raising
further concerns about a slowdown in the oil demand, said a report from Sucden Financial Research in London.
The American Petroleum Institute had said in a statement on Wednesday that U.S. crude oil stocks for April ended at
388.9 million barrels, the highest inventory level for the month since 1981.
Traders were awaiting the release by the U.S. Commerce Department of durable goods orders for April for the latest
clues on the health of the U.S. economic recovery.
Brent crude, a benchmark for many international oil varieties, was down 23 cents to $102.17 a barrel on the ICE
Futures exchange in London.
In other energy futures trading on Nymex- Wholesale gasoline fell 0.78 cent to $2.8103 a gallon. Heating oil lost 1.41
cents to $2.8424 a gallon. Natural gas retreated 2.2 cents to $4.239 per 1,000 cubic feet.
Keywords: Brent crude, oil prices, New York Mercantile Exchange
Printable v ersion | May 2 4 , 2 01 3 1 1 :08:02 PM | http://www.thehindu.com /business/m arkets/oil-falls-below-9 4 -on-weak-outlook-for-dem and/article4 7 4 6 51 7 .ece
The Hindu
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A strong month on Wall Street ended on a weak note Friday after a late-day sell-off sent stocks down more than 1%.
The Dow Jones industrial average fell 209 points, or 1.3%, with most of the selling in the final hour of trading. The S&P 500 sank
1.4% and Nasdaq slid 1%.
Despite Friday's losses, all three indexes ended May in the black. The Dow and S&P 500 both gained about 2%, while the Nasdaq
advanced nearly 4%.
It's the first time the Dow has ended higher in May since 2009, and marks the sixth monthly gain for the index. So far this year,
the major gauges are all up about 16%.
Hewlett-Packard ( HPQ, Fortune 500) was the best performing blue chip in May. Shares of the PC maker rose nearly 20% this
month. Cisc ( CSCO, Fortune 500)o and JPMorgan ( JPM, Fortune 500) have also logged double-digit percentage gains.
The main laggards were safe-haven stocks that investors had flocked to earlier this year because they pay dividends. Telecoms
Verizon ( VZ, Fortune 500) and AT&T ( T, Fortune 500) were the worst Dow performers this month, along with consumer
staples McDonalds ( MCD, Fortune 500) and Coca-Cola ( KO, Fortune 500).
The rush out of safe haven investments has also hurt the bond market. Yields on the 10-year Treasury note rose to a high of 2.2%
earlier this week, up from about 1.6% at the end of April.
Click here for data on commodities, currencies and bond prices.
T is for Taper. The jump in Treasury yields, which rise when prices fall, came as investors brace for a potential slowdown in the
Federal Reserve's bond buying campaign.
Fed chairman Ben Bernanke caused some confusion this month after he told lawmakers that withdrawing monetary stimulus
too soon would jeopardize the economic recovery. Later, he said the Fed could decide to slow the pace of its bond buying at one
of its next few meetings, depending on how the economy performs.
"The bond market suffered through another week of tapering tantrums," said Anthony Valeri, fixed income strategist for LPL
Financial. "Ben Bernanke did little to clear the uncertainty over the timing of reducing, or tapering, bond purchases."
PRQH\FQQFRPLQYHVWLQJVWRFNVPDUNHWVLQGH[KWPO"LLG +3B/1
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E is for Economy. Some investors say concerns about the Fed tapering are overblown, since any reduction in bond buying would
signal that the economy is improving.
While overall economic growth remains sluggish, investors have been encouraged by a robust housing market and signs that
consumers are becoming more confident.
An index of consumer sentiment rose in May to the highest level in nearly six years. The final reading of the Reuters/University
of Michigan index showed that consumers are becoming more optimistic about the economy.
But a separate report Friday showed that personal income and spending both fell in April, surprising economists who had
predicted a rise.
Related: The dividend craze may be over
Meanwhile, the Chicago Purchasing Managers' Index bounced back in April, rising to the highest level since March 2012.
"Over the past few years, we've seen the economy slow a bit in spring, but we haven't seen that to the same degree this year,"
said Joel Huffman, a managing director at The Private Client Reserve of U.S. Bank in Milwaukee. "That has helped the market."
Huffman added that stocks could continue to move higher as corporate profits rise along with the economy. But he
acknowledged that the market remains vulnerable to a correction given the run stocks have had so far this year.
"Corporate profits have been positive, but stock prices have gone up more than profits," he said. "A correction of 5% to 10% is
certainly within reason."
Related: Best deals in investing
KKD) said sales and earnings jumped in the first quarter, sending
Lions Gate ( LGF) shares rose after the media company said sales jumped 71% in the past fiscal year, helped by movies in the
teen-oriented "Hunger Games" and "Twilight" franchises.
Shares of Palo Alto Networks (
Nasdaq said Netflix (
PANW) plunged after the technology company swung to a big loss in the most recent quarter.
PRGO).
European markets took a tumble, but ended off the lows of the day. The London stock market fell nearly 1%, while indexes in
France and Germany had smaller losses.
Unemployment in the troubled eurozone region hit a record high of 12.2% last month, according to the latest statistics from
Eurostat.
Asian markets ended the week with mixed results. The Nikkei advanced by 1.4%, rebounding from Thursday's steep decline
brought on by mounting concerns over the country's economic turnaround plan.
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Business Markets
Published: May 31, 2013 09:46 IST | Updated: May 31, 2013 11:59 IST
The BSE benchmark Sensex fell by a whopping 297 points in late morning trade on Friday on selling by funds as well
as retail investors after the countrys economic growth declined to a decade low of 5 per cent.
The 30-share barometer after losing over 150 points in early trade fell further by 297.83 points, or 1.47 per cent, to
slip below 20,000 point level to trade at 19,917.57 points at 11.15 hrs (IST).
All the sectoral indices, barring IT, were trading in the negative zone with fall up to 1.49 per cent.
Similarly, the wide-based National Stock Exchange index Nifty declined by 74.30 points, or 1.21 per cent, to 6,049.75.
Indias economic growth rate declined to a decade low of 5 per cent in 2012-13. The growth slowed to 4.8 per cent in
January-March quarter of 2012-13 compared to 5.1 per cent in the same period previous fiscal.
Bucking the trend, IT sector stocks managed to trade in positive zone mostly supported by a weakening rupee, which
hit one-year low against the dollar.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock
markets, opening trade
Printable v ersion | Jun 1 , 2 01 3 9:3 4 :1 8 AM | http://www.thehindu.com /business/m arkets/sensex-tanks-2 97 -points-on-lower-gdp-figure/article4 7 6 84 6 9 .ece
The Hindu
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Business Markets
Published: June 3, 2013 16:50 IST | Updated: June 3, 2013 19:24 IST
The BSE benchmark Sensex on Monday fell 150 points to close at nearly one-month low of 19,610.48 on funds selling
mainly in oil and gas sector and power stocks driven by a fall in manufacturing output and weak global trend.
However, rise in Infosys shares minimised the losses.
The Sensex fell by 149.82 points, or 0.76 per cent, to 19,610.48, the level last seen on May 3. The index had lost 455
points in the previous session.
Similarly, the broad-based National Stock Exchange index Nifty fell by 46.65 points, or 0.78 per cent, to 5,939.30.
MCX-SX flagship index, SX40, also ended 97 points, or 0.83 per cent, lower at 11,634.91 points.
Brokers said trading sentiment dampened following reports manufacturing sector output fell in May, its first decline
since March 2009, as order flow weakened and power outages affected the sector.
They said a down-trend in the Asian region and lower opening in Europe further influenced the market sentiment.
However, they said a steep rise in Infosys, as the IT major recalled its founder N R Narayana Murthy and returned
control of the company, saved the market from a major fall.
Bucking the general weakening trend, Infosys rose by 4.42 per cent to Rs 2,513.95 and State Bank of India by 1.07 per
cent to Rs 2,069.70.
In 30-BSE index components, 20 stocks declined led by Reliance Industries, ICICI Bank, HDFC Bank, HDFC Ltd,
Maruti Suzuki, Hero MotoCorp, Bajaj Auto and Sun Pharma.
The oil and gas sector suffered the most by losing 1.34 per cent to 8,538.90 followed by power index by 0.99 per cent
to 1,737.78. Auto sector index fell by 0.79 per cent to 11,078.42 as auto makers reported fall in May sales.
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Persistent worries about the slowing economy and when the Federal Reserve will start tapering its bond buying program had
investors on edge again Wednesday.
U.S. stocks fell sharply, extending the previous day's slide, after major global markets also ended in the red.
The Dow Jones industrial average dropped 217 points, or 1.4%, ending below 15,000 for the first time since May 6. The S&P 500
also dropped 1.4% and the Nasdaq declined 1.3%. The day's losses were the worst in almost two months for the Dow and
Nasdaq.
Click here for more on stocks, bonds, currencies and commodities
Fed uncertainty dominates: The biggest question mark facing investors is how much longer will the Fed continue to boost the
economy.
Comments from various Fed officials over the past few weeks have whipsawed markets as investors try to gauge the central
bank's next move.
In its Beige Book report, an analysis of regional economic activity, the Fed described the economic recovery as "modest,"
"moderate" and "measured."
Investors have also been keeping close tabs on economic data for any additional clues.
Payroll-processor ADP said Wednesday that the private sector added 135,000 jobs in May, less than the 157,000 economists
were expecting.
While the weak reading gave investors some hope that the Fed won't pare back its bond buying program anytime soon, nerves
remain frayed and investors are taking caution.
The ADP report is a prelude to the U.S. government's closely watched monthly jobs report. That report is due before the bell
Friday.
Marc Chandler, strategist for Brown Brothers Harriman, said in a client note that this month's jobs report is "particularly
important," given all the rumblings about the Fed's next move.
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Other economic news was mixed Wednesday. The ISM services sector expanded more than expected, with the index rising to
53.7 in May from 53.1 the previous month. But factory orders rose just 1%, less than the 1.6% forecast.
What's moving: The day's sell-off was broad-based, with all 10 S&P 500 sectors in the red.
Apple ( AAPL, Fortune 500) shares slipped after the International Trade Commission ruled that several older Apple products
violate a Samsung patent and can't be sold within the United States.
Shares of Toyota (
TM) dropped after the automaker recalled nearly a quarter million hybrids to fix brakes.
A downer day for global markets: European markets tumbled after a second estimate of first quarter GDP confirmed that the
eurozone economy contracted by 0.2%. London's FTSE 100 and the CAC 40 in Paris tanked about 2%, while Frankfurt's DAX fell
slightly more than 1%.
Related: Market swings call Japan's Abenomics into question
Asian stocks also ended lower after investors were unimpressed by Japanese Prime Minister Shinzo Abe's unveiling of new
"Abenomics" growth policies. The Nikkei index to tumble by nearly 4%, Hong Kong's Hang Seng lost 1% and the Shanghai
Composite Index declined by 0.4%.
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So much for Super Tuesdays. Stocks ended the day down sharply after a volatile day of trading.
The Dow Jones Industrial Average, the S&P 500, and the Nasdaq started the day deep in the red before rebounding. The Dow
even briefly made it into positive territory. But all three indexes ultimately closed between 0.8% and 1% lower.
"Volatility has clearly ramped up," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research. In fact, the
Dow has swung more than 100 points during six out of the seven trading days so far this month.
The market's main fear gauge -- the CBOE Market Volatility Index ( VIX) -- shot up 11%, and CNNMoney's Fear and Greed
Index moved closer to extreme fear. Just a week ago, that index was in neutral.
After the strong run this year -- stocks have gained roughly 15% -- some say pullbacks should be considered healthy.
"With stocks at this level, it's not the worst thing in the world to take a breather for a month or two," said Dan Greenhaus,
market strategist at BTIG.
The biggest culprit behind the recent choppiness has concern about when the Federal Reserve will slow the pace of its bond
buying program.
Click for data on commodities, currencies and bonds
End of the central bank boost? Investors are becoming increasingly worried that central banks might start paring back their
historically unprecedented levels of bond buying.
Japan's central bank spooked investors early Tuesday by leaving its monetary policy unchanged. Many investors had expected
further stimulus. Major Asian markets ended down between 1% to 1.5%.
Japanese prime minister Shinto Abe has been trying to weaken the yen to boost experts. But Abenomics doesn't seem to be
working lately. The yen gained 3% against the U.S. dollar Tuesday.
Abe is fighting the currency wars with a "bow and arrow" compared with the ECB and other countries which he said are using
bazookas, said Douglas Borthwick, managing director at Chapdelaine Foreign Exchange.
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European markets took their cue from Asia and closed down between 0.9% and 1.6%.
Turkey's stock market continues to fall, as the violence there escalates.
Related: Investors losing patience with Turkey
Greenhaus expects U.S. investors to take a wait and see approach until next week, when Fed chairman Ben Bernanke holds his
quarterly press conference. Bernanke is expected to give investors some hints as to when the Fed's easing might stop or slow
down.
Treasuries tumble: The yield on 10-year Treasuries continued to rise, as investors bailed out.
The 10-year yield has steadily been climbing for the past month. The yield rose as high as 2.25% Tuesday from 1.6% in early May.
Related: Fear and Greed Index shows return of fear
LULU) shares tanked after the yogawear maker announced that CEO
S, Fortune 500) rose after SoftBank, Japan's third-largest wireless carrier, increased its takeover
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Banana boom: Shares of Dole Foods ( DOLE, Fortune 500) surged after the company said its chairman and CEO, David
Murdock, made a cash offer to buy the 60.5% of the company he doesn't already own. Murdock offered to pay a 17.6% premium
to Monday's close.
Shares of aircraft maker Boeing ( BA, Fortune 500) slipped after the company trimmed its 20-year forecast for widebody jet
demand, even as it raised its forecast for single-aisle jets.
Google (
GOOG, Fortune 500) announced that it would acquire mapping company Waze, but did not disclose a price tag.
DMND) spiked after the company saw losses narrow and appointed a new CFO.
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U.S. stocks closed lower for a third straight day Wednesday, marking the Dow's worst losing streak this year.
The Dow Jones industrial average, which initially jumped more than 100 points, finished down more than 120 points, or 0.8%,
falling below the key 15,000 level once again. The 3-day slide was the blue chip index's first one of the year.
The S&P 500 also slipped 0.8%, while the Nasdaq tumbled more than 1%. (Check world markets)
Volatility has picked up in recent week amid increasing unease about when central banks will begin weaning investors off cheap
money.
The market's main fear gauge -- the CBOE Market Volatility Index ( VIX) -- spiked almost 8% Wednesday, and has shot up
more than 35% in the last month. CNNMoney's Fear and Greed Index fell into Extreme Fear for the first time in a year. Just one
month ago, the index was in Extreme Greed.
Click here for more on stocks, bonds, commodities and currencies
"Investors continue to assess the risks posed by the U.S. Federal Reserve pulling back on its bond-buying program and taking
liquidity out of the market," wrote Ishaq Siddiqi, a market strategist at ETX Capital. The threat of lower liquidity has left the
markets feeling "uncomfortable," he added.
Related: Fear and Greed Index falls to extreme fear
Despite the recent swing in the market -- both on an intraday and daily basis -- the major indexes have made healthy gains this
year. The Dow is up 14%, while the S&P 500 and Nasdaq are up 13%.
Related: Emerging markets in turmoil
On the corporate front Wednesday, shares of Cooper Tire & Rubber ( CTB) surged after India's Apollo Tyres said it would buy
the American tire maker for $2.5 billion. Shares of rival Goodyear Tire & Rubber ( GT, Fortune 500) also rose.
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First Solar (
FSLR) shares sank after the renewable energy firm announced plans late Tuesday for a new stock offering.
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Business Markets
Published: June 12, 2013 16:55 IST | Updated: June 12, 2013 17:01 IST
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The BSE benchmark Sensex on Wednesday fell by nearly 102 points to hit a new two-month low, led by fall in
consumer durable and metal sector stocks as weak factory output and sticky inflation dented hopes of a rate cut by
RBI next week.
In volatile trade, the 30-share index commenced the day on a weak note and improved during intra-day to 19,143.13
with rupee improving against the dollar. However, it failed to carry the momentum and closed 101.87 points, or 0.53
per cent, down at 19,041.13, its lowest level since April 18.
Similarly, broad-based National Stock Exchange Nifty settled lower by 28.60 points, or 0.49 per cent, at 5,760.20.
Also, MCX-SX flagship index, SX40, ended 85.75 points lower, or 0.75 per cent, at 11,281.59.
Brokers said the trading sentiment dampened after industrial output growth slowed to 2 per cent in April and retail
inflation dropped marginally to 9.31 per cent in May from 9.39 per cent in April.
They said a weakening trend in global markets on concerns that central banks from Tokyo to Washington increasingly
reluctant to add stimulus, further influenced the market.
Out of the 30 index shares of Sensex, 20 stocks were down led by Tata Power ending as the biggest loser of the day
falling 3.03 per cent to settle at Rs 80.05, followed by blue-chips Coal India and Tata Steel, down 2.69 per cent and
2.61 per cent to Rs 303.30 and Rs 274.15, respectively.
Software exporting companies stocks fall as the government considered measures to stabilise the rupee after it hit an
all-time low of 58.38 yesterday.
The second heaviest on the benchmark Infosys fell by 2.02 per cent to Rs 2,423.95 and TCS by 2.06 per cent to Rs
1,467.85.
Banking stocks declined as higher retail inflation and weakening rupee left less chances of interest rate cut by the
Reserve Bank on June 17, led by Axis Bank falling 3.32 per cent to Rs 1,276.60.
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Business Markets
Published: June 13, 2013 16:40 IST | Updated: June 13, 2013 16:40 IST
Tracking weak global trends, the BSE benchmark Sensex on Thursday fell by 213.97 to close below the 19,000 mark
after nearly two months on sustained selling by foreign funds, mainly in the auto sector, even as Finance Minister P.
Chidambaram said more reforms are on the anvil.
Extending losses for the third straight session, the 30-share index commenced the day on a weak note at 18,815.57
and plunged further to close down by 213.97 points, or 1.12 per cent, at 18,827.16. This is the first time since April 17
that the Sensex has closed below 19,000 level at 18,731.16.
Similarly, broad-based National Stock Exchange Nifty settled lower by 61.10 points, or 1.06 per cent, at 5,699.10.
Also, MCX-SX flagship index SX40 ended 102.23 points lower, or 0.91 per cent, at 11,179.36.
Out of the 30-BSE index components, 25 stocks declined led by drop in Tata Motors and Mahindra and Mahindra.
Amid other major losers, Apollo Tyres fell by 25.43 per cent to Rs 68.60 after the company said it will take over USbased Cooper Tire & Rubber Co in an all-cash deal valued at about Rs 14,500 crore (USD 2.5 billion).
Also Sun Pharma extended a five-day drop by losing 3.22 per cent to Rs. 949.45 after it was asked to pay USD 550
million to Pfizer and a partner for patent infringement settlement.
Sectorally, the auto sector index suffered the most by 2.33 per cent to 10,385.15, followed by realty sector by 2.30 per
cent to 1,557.61 as fading hopes of interest rate cut.
Keywords: Sensex, BSE, closing trade
Printable v ersion | Jun 1 3 , 2 01 3 5:56 :03 PM | http://www.thehindu.com /business/m arkets/sensex-slips-below-1 9000-lev el/article4 81 03 7 6 .ece
The Hindu
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A week of wild swings on Wall Street ended with more selling Friday as investors brace for a potential shift in Federal Reserve
policy.
The Dow Jones industrial average fell more than 100 points, or 0.7%. The S&P 500 and the Nasdaq both ended about 0.6%
lower.
The major indexes pushed more than 1% higher Thursday, breaking a 3-day losing streak. But all three indexes posted losses for
the week. The Dow and Nasdaq both fell more than 1%, while the S&P declined 0.9%.
The choppy trading comes as investors readjust their expectations for the Fed, which could begin to slow the pace of its bond
buying program later this year. Fed chairman Ben Bernanke has said repeatedly that any decision to curtail monetary stimulus
will depend on how the economy performs.
The Fed has a policy meeting next week and Bernanke will speak at a press conference Wednesday. Most economists do not
expect any change in policy to be announced, but investors are hoping Bernanke will provide some clarity on when the central
bank may start to cut back its bond buying.
Click for data on bonds, currencies and commodities
Market jitters to continue. The uncertainty over Fed policy sent shock waves around global markets this week as yields on U.S.
Treasury bonds rose and investors pulled money out of risky emerging markets. Investors have also been having doubts about
Japan's plan to revive its economy as well as signs of slowing growth in China.
In a sign of increased volatility, the VIX ( VIX) rose above 18 this week, up from 12 in early May. CNNMoney's Fear & Greed
index also slipped into extreme fear for the first time in a year.
"We expect volatility to remain elevated in the short term as investors contemplate the potential for a new market landscape,"
said Brent Schutte, market strategist at BMO Private Bank.
Related: Fed not expected to taper QE3 until December
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Asian markets ended the day with some decent gains, recovering from a big drop on Thursday.
Tokyo's Nikkei index bounced back by nearly 2% after falling more than 6% Thursday. But the benchmark Japanese index is still
in bear market territory, down 20% from its most recent peak.
Latest on the economy: The International Monetary Fund said it expects U.S. economic growth to slow this year due largely to
budget cuts in Washington. The IMF anticipates the Fed will continue buying assets until the end of the year.
The U.S. Bureau of Labor Statistics said producer prices increased 0.5% in May, driven largely by food and energy prices. The
measure of prices for unfinished goods, excluding food and energy, fell 0.4%.
Separately, the Fed said industrial production was unchanged in May after falling in April.
The University of Michigan and Thomson Reuters said the initial reading of the June consumer sentiment index fell to 82.7 from
84.5 in May, when the index hit its highest level in nearly 6 years.
Related: Fear and Greed index back near extreme fear
Pork, furniture and guns: In corporate news, Smithfield Foods ( SFD, Fortune 500) said earnings fell 69% to $29.7 million, or
21 cents per share, in the quarter ended April 28. The meat producer blamed high grain prices due to last year's drought, which
pushed up the cost of hog production. Smithfield announced last month that it was being bought by Chinese meat producer
Shuanghui International.
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Shares of Restoration Hardware ( RH) surged after the retailer reported results that easily beat forecasts. Shares of the
company have been red hot since the retailer went public in November.
Smith & Wesson ( SWHC) shares rose after the gunmaker released preliminary results showing record quarterly and full-year
sales and earnings.
Shares of Monster Beverage ( MNST) fell following a report that the American Medical Association could consider backing a
ban on advertising energy drinks.
Time Warner Cable ( TWC, Fortune 500) shares jumped on speculation the cable company could merge with Charter
Communications ( CHTR, Fortune 500). But the former unit of CNNMoney parent Time Warner ( TWX, Fortune 500) is
unlikely to agree to a deal, according to a report on CNBC.
Analysts at Credit Suisse (
company higher.
Shares of Gannett ( GCI, Fortune 500)sank following a bearish analyst report. The stock had surged 34% on Thursday after the
newspaper and television station owner said it was buying TV station company Belo ( BLC).
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Federal Reserve chairman Ben Bernanke tried to carefully explain how the central bank will figure out when it's the right time to
pull back on its monthly bond purchases, but investors didn't have any of it.
The Dow Jones industrial average tumbled more than 200 points, or 1.4%, Wednesday afternoon after Bernanke took questions
from the media about the Fed's exit strategy. The S&P 500 also dropped 1.4% and the Nasdaq sank 1.1%. Stocks had been in the
red all day, but were barely below the breakeven line before the Fed chairman began speaking.
Bond prices also fell sharply, sending yields higher. The yield on the 10-year Treasury note rose as high as 2.36% -- its highest
level since March 2012. It had been hovering around 2.2% ahead of the Fed.
CNNMoney's Fear & Greed Index was nudging closer to extreme fear by the end of the day.
The Federal Reserve left interest rates unchanged and said it would continue with its current bond purchase program -- $85
billion in mortgage-backed securities and Treasuries each month -- for the foreseeable future. But during his press conference,
Bernanke highlighted scenarios in which the Fed would consider tapering.
Click here for more on stocks, bonds, currencies and commodities
If the economy continues to improve, Bernanke said it would be "appropriate to moderate the monthly pace of purchases later
this year," and end the program by mid-2014. At that point, the Fed expects the unemployment rate would be around 7%.
But he stressed that scenario would only play out if the economic recovery continues as the Fed expects it to. If it doesn't, the
Fed would adjust its policies.
"Our purchases are tied to what happens in the economy," he said. "We have no deterministic or fixed plan."
The Fed's bond-buying program has been a boon to equity markets, supporting U.S. and global stock indexes and driving them
to recent record highs.
Related: Investors shouldn't worry about the Fed
TSLA) announced a recall of some of its Model S cars for a non-mechanical defect.
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FedEx ( FDX, Fortune 500) shares edged up after the shipping giant reported quarterly earnings the blew past forecasts,
though revenue was roughly in line with estimates. The company is often seen as a bellwether for the global economy given the
nature of its delivery business and its international footprint.
Adobe (
ADBE) shares jumped after the software company reported quarterly earnings that beat expectations.
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Dish Networks ( DISH, Fortune 500) dropped its pursuit of Sprint ( S, Fortune 500), clearing the way for Japan's SoftBank
( SFTBF) to continue with its offer. Dish said it would instead focus on its tender offer for Clearwire ( CLWR).
Shares of Men's Wearhouse ( MW) slid after the clothing retailer "terminated" executive chairman George Zimmer, also
known as the "I guarantee it" guy.
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Business Markets
Published: June 20, 2013 14:36 IST | Updated: June 20, 2013 18:23 IST
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37,
The BSE benchmark Sensex on Thursday plunged by over 526 points, its biggest fall in nearly two years, to end at
18,719.29 due to massive selling on worries that capital inflows may dry up if US Feds sticks to its plan of slowing
down monetary stimulus later this year.
The stock markets were also under heavy pressure after rupee touched life-time low of 59.93 against the dollar.
Sensex tumbled 526.41 points, or 2.74 per cent, to 18,719.29, recording biggest single day fall since September 2011.
Across market, over 1,650 stocks fell and just 650 rose.
Investor wealth worth Rs 1.5 lakh crore was eroded on Thursday.
US Fed Chairman Ben Bernanke on Wednesday night ended weeks of speculation saying that the Federal Reserve will
likely slow its bond-buying programme later this year and end it next year because the US economy is showing strong
sign of recovery. A pullback in Feds $85 billion-a-month programme is being interpreted as a move that will hit
inflows to emerging markets like India, said traders.
The plunge in domestic markets was led by stocks of realty, metal, banks and power shares with 28 scrips of 30-share
Sensex ending down. Only, Wipro and Sun Pharma rose.
Heavyweight stocks like Reliance Industries dropped 3.84 per cent and Infosys lost 2.92 per cent. Jindal Steel and
Power sank 9.62 per cent on major sell-off by participants.
Among others, BHEL, Dr Reddy Lab., GAIL India, HDFC Ltd, HDFC Bank, ICICI Bank, SBI, Hindalco, Sterlite
Industries, Larsen and Toubro, Bharti Airtel, Mahindra and Mahindra, Maruti Suzuki Tata Motors fell sharply.
The broad-based National Stock Exchange index Nifty dipped below 5,700 level by losing 166.35, or 2.86 per cent to
close at 5,655.90. Also, SX40, the flagship index of MCXSX, closed 308.22 points, or 2.70 per cent, down at
11,118.85.
Brokers said sentiments turned extremely bearish after rupee slumped to all-time low of 59.93 to a dollar, tracking
weak trend in the other global currencies.
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In the Asian region on Thursday, Hong Kongs Hang Seng index fell 2.88 per cent and Japans Nikkei shed 1.74 per
cent. The US Dow Jones index closed 1.35 per cent down and Nasdaq shed 1.12 per cent Wednesday night.
Keywords: BSE, NSE, Sensex, Nifty, intra-day session, Rupee, Forex markets
Printable v ersion | Jun 2 0, 2 01 3 6:3 1 :3 1 PM | http://www.thehindu.com /business/m arkets/sensex-tum bles-as-rupee-hits-record-low/article4 83 3 4 59 .ece
The Hindu
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Wall Street suffered its worst day of the year Thursday, one day after Federal Reserve chairman Ben Bernanke raised fears the
central bank may be preparing to wind down its stimulus policies this year.
The Dow Jones industrial average tumbled 353 points, or 2.3%. That marked the biggest one-day point drop since November
2011. Including Wednesday's losses, the Dow has erased more than 550 points in two days.
Despite the punishing losses, the Dow has seen much darker days. It fell 778 points on Sept. 29, 2008, after Congress rejected a
$700 billion plan to rescue the banking industry. (Track the Dow 30)
The S&P 500 sank 2.5% Thursday, logging its biggest percentage drop since November 2011. The Nasdaq sank more than 2.3%.
Click here for more on bonds, currencies and commodites
Bernanke lays his cards on the table. The rout came after Bernanke offered some of his most explicit guidance about when the
central bank might start pulling back its stimulus.
Depending on how the economy performs, Bernanke said the Fed could begin tapering its bond buying later this year and end
the program some time in 2014. At the same time, he said the Fed could step up its stimulus efforts if the economy take a turn for
the worse.
While this is what most economists had predicted, investors seemed surprised to hear Bernanke spell it out in such detail.
"He offered more clarity and transparency than many had expected," said Art Hogan, managing director at Lazard Capital
Markets.
It's going to be a bumpy ride. Dan Greenhaus, chief market strategist at BTIG in New York, said the initial reaction to
Bernanke's comments was overdone. But he said a period of choppy trading is to be expected following the strong gains stocks
booked earlier this year. All three indexes are still up between 11% and 12% for the year.
The Fed has been a major driver of the bull market, and traders say the shift in policy will continue to fuel volatility in the months
ahead.
The VIX (
VIX), a benchmark of investor anxiety, jumped 28% Thursday. And CNNMoney's Fear & Greed Index slid back into
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extreme fear.
"I think volatility is the new norm as investors in all asset classes try to re-price what the world looks like in the absence of
quantitative easing," said Hogan. "That's not an easy thing to do."
Meanwhile, bond yields continued to move higher, with the 10-year Treasury yield rising as high as 2.46%. (Related: Bond
yields spike to 2-year high)
The dollar rose versus its main trading partners as investors sought safety in cash. The strong dollar weighed on commodities
that are priced in the U.S. currency. Gold prices plunged 6% to the lowest level since September 2010. Oil prices sank 3.3% to
below $95 a barrel.
Related: Dollar headed for 'multi-year rally'
Major European markets fell by more than 3%. Asian markets also saw hefty losses after HSBC's flash purchasing managers'
index for June showed Chinese manufacturing activity at a 9-month low. Hong Kong's Hang Seng and the Shanghei Composite
both shed nearly 3%.
U.S. investors were also rattled by the lackluster reports out of China, noted Hogan. "The reaction to the Fed is not happening in
a vacuum," he said.
Related: Bernanke's power over your money
In economic news, the government said the number of jobless claims rose more than expected in the latest week. A measure of
manufacturing activity in the Philadelphia area surged to a two year high in June. Meanwhile, the National Association of
Realtors said existing home sales in May rose 4.2% to an annual rate of 5.18 million, slightly better than expected.
Shares of major homebuilders were among the worst performers as investors fear rising mortgage rates will hurt the housing
market. Toll Brothers ( TOL), D.R. Horto ( DHI)n and Lennar ( LEN) were all down sharply.
The sharp drop in gold prices weighed on shares of mining companies, including Newmont Mining (
Freeport-McMoRan ( FCX, Fortune 500).
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On the corporate front, drugstore chain Rite Aid (
quarter.
RAD, Fortune 500) swung to a profit but revenue declined in the latest
Tech giant Oracle ( ORCL, Fortune 500) reported earnings in line with forecasts but sales fell short of expectations. The
company also doubled its dividend and announced a $12 billion stock buyback. Oracle also said it plans to move its listing to the
New York Stock Exchange as of July 15..
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Business Markets
Published: June 24, 2013 10:24 IST | Updated: June 24, 2013 23:01 IST
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Downward trend continued on bourses on Monday as foreign institutional investors (FIIs) maintained their sell-off in
emerging markets and weakness of rupee against the dollar is accelerating it.
The BSE 30-share sensitive index, Sensex, dropped by 233.35 points or 1.24 per cent to 18540.89, led by realty stocks
which tanked 4.79 per cent followed by consumer durables 3.38 per cent, capital goods 2.91 per cent and PSUs 2.42
per cent. All sectoral indices ended in the red.
On the National Stock Exchange (NSE), Nifty closed at 5590.25, with a loss of 77.40 points or 1.37 per cent.
Markets continue their downward slide, as rupee-driven outflows spread from debt funds to equity, with frontline
stocks seeing significant selling pressure. While markets have corrected 10 per cent from the recent highs, we do not
see selling pressure subside in the near-term, despite domestic LIC-led buying in the last two weeks, Tirthankar
Patnaik, India Strategist and Chief Economist, Religare Capital Markets.
Keywords: sensex, stocks
Printable v ersion | Jun 2 5, 2 01 3 6:1 4 :4 0 AM | http://www.thehindu.com /business/m arkets/sensex-tanks-2 3 3 -points/article4 84 54 4 2 .ece
The Hindu
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U.S. stocks shaved most of their early losses but still finished in the red Monday afternoon as worries about the Fed easing up on
stimulus and credit problems in China kept investors on edge.
The Dow Jones industrial average dropped 140 points, or 0.9%, while the S&P 500 and Nasdaq lost more than 1% each. Earlier
in the day, all three indexes were down between 1.5% and 2%.
Bond yields also eased back from earlier levels. The 10-year yield finished the day at 2.56% after rising to a 22-month high of
2.65%.
The stock and bond volatility came as Fed officials tried to quell concerns about the eventual end of the central bank's bondbuying program.
In an interview with the Financial Times, Dallas Federal Reserve president Richard Fisher reiterated that the central bank would
not begin pulling back until "conditions were right," as they don't want to go from "Wild Turkey to 'Cold Turkey' overnight."
Related: Sell-off is a 'taper tantrum'
He said that the committee "fully understood" that there would be a significant reaction but warned big players in the financial
markets against acting like "feral hogs" and testing the Fed.
The Fed's stimulus program has been a major driver of the bull market, and worries over its longevity will likely keep generating
volatility in the months ahead.
The CBOE Market Volatility Index ( VIX), a measure of fear, jumped above 21 to its highest level of the year before easing back
slightly. And the CNNMoney Fear & Greed Index dropped further into Extreme Fear, clocking in at its lowest level since June
2012.
Click here for more on stocks, bond, commodities and currencies
Credit crunch in China? The People's Bank of China told the country's largest banks Monday to rein in risky loans and improve
their balance sheets, a warning that sent a jolt through already unsettled equity markets.
The Shanghai Composite index was hardest hit by the announcement, registering a decline of 5.3%. The Hang Seng in Hong
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The sell-off comes after short-term borrowing costs skyrocketed last week in China, leading to fears about a credit crunch. The
rate at which Chinese banks lend to each other overnight hit, which serves as a measure of liquidity in the financial markets, hit a
record high above 13% last week before moderating. Another key measure of cash in the banking system -- the 7-day "repo rate"
-- peaked at 25%.
Investors are worried that less liquidity in the world's second-largest economy could further slow the shaky global recovery.
Related: Brazilian stocks among world's worst performers
Stocks by the numbers: With the recent heavy selling, all three indexes are down about 6% from their recent highs.
But they're still holding onto healthy gains year-to-date. The Dow, S&P 500 and Nasdaq are up between 10% and 12% since the
start of January.
Stocks on the move: Shares of Vanguard Health Systems ( VHS, Fortune 500) surged almost 70% after inking a $1.8 billion
acquisition deal with Tenet Healthcare Corp. ( THC, Fortune 500)
Apple ( AAPL, Fortune 500) shares briefly fell below $400 a piece for the first time since mid-April after Jefferies' Peter Misek
lowered his 12-month price target to $405 from $420.
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Stocks wrapped up the second quarter with all three indexes recording gains of between 2% and 5%, despite a challenging June.
The Dow, S&P, and Nasdaq are all up between 12% and 14% as the first half of the year ends.
June was not as sunny. All indexes ended the month down roughly 1%, making June the first losing month this year.
It wasn't the June swoon, but perhaps the June jitterbug? The Dow has swung more than 100 points on 15 out of the 20 trading
days this month.
Related: Big winners on Wall Street are yesterday's dogs
Fears of Fed taper: Fed officials have been in major damage control mode, since Fed chairman Ben Bernanke kicked off tumult in
the stock, bond and gold markets last week. He said the central bank could wind down its stimulus program later this year, if the
economy continues to improve.
Fed governor Jeremy Stein, while trying to allay investor fears, appeared to have inadvertently stoked them Friday. He said the
Fed could "hypothetically" consider tapering its bond buying in September.
Related: Fed officials in damage control mode
At the same time, he said investors were overreacting, but that didn't seem to make a dent in sentiment.
The Dow Jones industrial average dipped 114 points, or 0.8%, Friday. The S&P 500 lost 0.4%. Only the Nasdaq gained ground,
moving just slightly positive.
All three indexes finished the week higher.
Click here for more on stocks, bonds, commodities and currencies
Richmond Fed president Jeremy Lacker said the Fed will keep buying bonds, "though at a decreasing rate over the next year."
Bond, gold carnage: The mere mention of any end to bond buying has recently sent bond investors scrambling for the exits. The
yield on the 10-year Treasury note hit 2.65% earlier this week -- its highest level since August 2011 and well above the 1.6% in
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early May. The yield hovered around 1.5% at the end of Friday's trading day.
Gold prices have been slammed as well. Gold rose 1% Friday, but the precious metal slid 13% this month.
As volatility rose in June, so did the CBOE Volatility Index (
VIX). The VIX rose 4% this month, and 37% for the quarter.
CNNMoney's Fear and Greed Index has had a wild quarter as well. A month ago it was in greed and even nudged into extreme
greed in mid-May. But once Bernanke hinted at tapering, the needle quickly shot over to extreme fear.
Related: Fear & Greed Index slides back into extreme fear
NKE, Fortune 500) reported better-than-expected earnings, but analysts remain worried about Nike's ability to cut
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ACN) moved lower after the consulting firm slashed expectations for its year-end results.
Shares of Pfizer ( PFE, Fortune 500) edged higher after the drug maker announced late Thursday that it would increased its
share buyback program by $10 billion.
The restaurant chain Noodles & Co (
NDLS)'s stock more than doubled from its $18 IPO price.
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Business Markets
Published: July 25, 2013 17:03 IST | Updated: July 25, 2013 23:11 IST
BSE Sensex down 286 pts ahead of July derivatives expiry; ITC tumbles 4.5%.
The stock indices dipped further on Thursday following concerns on higher cost of borrowing by banks and falling
corporate earnings.
The S&P BSESensex lost 285.92 points or 1.42 per cent to close at 19804.76. The Sensex touched a two-and-a-half
year high at 20302.13 last Tuesday. Since then it was showing weakness after the Reserve Bank of India (RBI)
announced measures to stem the fall of rupee, which had an upward impact on interest rates.
The fall was led by fast moving consumer goods (FMCG) stocks which lost 3.33 per cent followed by metal 1.73 per
cent, healthcare 1.64 per cent, oil & gas 1.35 per cent and capital goods 1.34 per cent. Except technology stocks, which
gained marginally by 0.21 per cent and automobiles which was up 0.14 per cent, all other sectoral indices ended in the
negative territory.
On the National Stock Exchange (NSE), Nifty closed at 5907.50 with a loss of 83 points or 1.39 per cent.
FMCG stocks dragged the Sensex on Thursday as earnings of ITC was below market expectations.
However, the highlight of the day was banking stocks which witnessed long rollovers after Wednesdays wash out. The
only saving grace was select telecom and auto stocks which bucked the negative trend.
The advance-decline ratio favoured the bears, Amar Ambani, Head of Research, India Infoline, said. On the BSE,
1,418 stocks declined against 850 advances, while 175 stocks remained unchanged.
PTI reports:
Market continued its downward slide on Thursday partially fuelled by negative global cues as the Dow and S&P 500
had finished in the negative territory, said Sanjeev Zarbade, Vice President-private client group research at Kotak
Securities. It was also expiry day for Indian derivatives.
ITC was down by over 4 per cent post its Q1 results, said Nidhi Saraswat, a senior research analyst at Bonanza
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Portfolio.
Other index shares that fell included RIL, ICICI Bank, Sun Pharma, HDFC Bank, L&T, Wipro, M&M, ONGC, Tata
Power, Tata Steel, BHEL, Dr. Reddys Lab, Cipla, Sterlite, Coal India and Hindalco.
Rupee edges up
Meanwhile, the rupee strengthened against the dollar as RBIs measures have an impact on sucking out liquidity from
the system while short-term interest rates have firmed up in Government Securities (G-Sec) sales. The rupee on
Thursday closed at 59.11/12 a dollar compared to 59.13/14 on Wednesday. It touched an intra-day high of 58.76.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock markets, closing
trade
Printable v ersion | Jul 3 0, 2 01 3 7 :50:55 AM | http://www.thehindu.com /business/m arkets/sensex-slide-continues/article4952 606.ece
The Hindu
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6HQVH[GHFOLQHVIRUWKLUGGD\GRZQSRLQWVDV+8/IDOOV7KH+LQGX
Business Markets
Published: July 26, 2013 16:38 IST | Updated: July 26, 2013 16:43 IST
The BSE benchmark Sensex on Friday slid for the third straight day by losing 56 points to a fresh twoweek low
19,748.19 on selling in HUL and Tata Motors shares, amid nervousness in ratesensitive sectors ahead of the RBI
credit policy review next week.
37,
The Sensex, which had lost 498 points in past two days, declined further by 56.57 points, or 0.29 per cent, to
19,748.19 the lowest close since 19,676.06 on July 11.
Brokers said investors refrained from creating major positions before RBI credit policy scheduled on July 30.
They also said market participants feared that the RBIs recent liquidity tightening measures to curb weakening rupee
might hurt economic growth prospects in the shortterm.
Pressure was more confined to banking and interestsensitive stocks, besides metal and PSU shares.
The broadbased National Stock Exchange index Nifty dipped below another crucial level of 5,900 this week by
losing 21.30 points, or 0.36 per cent to 5,886.20. Also, SX40 index, the flagship index of MCXSX, fell by 37.91
points, or 0.32 per cent, to end at 11,791.25.
State Bank of India, the countrys biggest lender, dropped by 1.93 per cent, ICICI Bank by 0.32 per cent and HDFC
Bank by 1.45 per cent, Others like Yes Bank and Axis Bank also ended lower.
Hindustan Unilever, an Indian unit of the worlds secondbiggest consumergoods company, plunged by 3.38 per
cent after lower quarter earnings, said analysts.
Hindalco (7.59 per cent), Tata Motors (3.34 per cent) TCS (1.17 per cent) were among notable Sensex losers.
The metal sector index suffered the most by losing 3.52 per cent, followed by realty sector index (1.59 per cent), Public
Sector Undertaking sector index (1.50 per cent) and Banking index (1.43 per cent) fared badly.
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6HQVH[GHFOLQHVIRUWKLUGGD\GRZQSRLQWVDV+8/IDOOV7KH+LQGX
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock markets, closing
trade
Printable v ersion | Jul 3 0, 2 01 3 7 :4 9 :54 AM | http://www.thehindu.com /business/m arkets/sensex-declines-for-third-day -down-56-points-as-hul-falls/article4 9 56 1 51 .ece
The Hindu
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Business Markets
Published: July 27, 2013 16:47 IST | Updated: July 27, 2013 16:47 IST
Sensex snaps 4-week rally; down 402 points on RBI steps, Q1 results
PTI
37,
The benchmark S&P BSE Sensex tanked a whopping 402 points to close at a two-week low of 19,748.19, breaking
four weeks of uptrend, following disappointing Q1 results amid steps taken by the central bank to stem the rupee fall.
The Bombay Stock Exchange 30share barometer, which logged its 30month closing high of 20,302.13 on Tuesday
came off from the highs and dipped to settle at 19,748.19, showing a fall of 401.66 points or 1.99 per cent.
In last fourweeks, it had spurted by 1,375.61 points or 7.33 per cent.
The widebased CNX Nifty of the NSE also dipped by 143.00 points or 2.37 per cent to end at 2week low of
5,886.20.
Lowerthanexpected first quarter results announced by construction and engineering giant, L&T weighed on the
market.
While, it recovered on Tuesday as the markets gave a thumbsup to the RBIs fresh curbs on gold imports and a drop
in US home sales suggested the Fed would continue its stimulus programme.
The Reserve Bank of Indias move on late Monday to curb gold imports to slash the current account deficit was one of
the reasons that helped boost sentiment in the markets, brokers said. A shift in funds to domestic stocks from the
bullion and forex markets also supported the market, they added.
However, the RBI took additional steps to tighten liquidity in a bid to curb exchange rate volatility, which dampened
the market sentiment and a result banking stocks suffered heavy losses.
The RBI reduced the liquidity adjustment facility for each bank from 1 per cent of net demand and time liabilities to
0.5 per cent, limiting access to borrowed funds from the central bank. It also asked banks to maintain a higher
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average cash reserve ratio of 99 per cent of the requirement on a daily basis as against 70 per cent earlier.
Markets sold off sharply after Tuesday on the back of fresh RBI measures, said Sanjeev Zarbade, Vice President
Private Client Group Research at Kotak Securities. Due to these measures, banks having higher bulk borrowing
would get impacted more as bond yields, CP and CD rates are likely to rise sharply. Even other sector stocks that are
sensitive to interest rates witnessed selling pressure.
Besides cautious trades ahead of monthly expiry of derivatives on Thursday, brokers said a mixed trend in the global
markets also affected local stocks.
Q1 results by FMCG giants ITC and HUL also later weighed on the market as sales numbers of ITC missed market
estimates while HUL posted a 23 per cent drop in profit.
Brokers said investors refrained from creating major positions before the RBIs credit policy review scheduled on July
30. They also said the RBIs liquiditytightening measures might hurt growth prospects in the short term.
After weak Q1 results from the L&T, other capital goods counters also suffered heavy losses as the S&P BSECG index
was the top loser from the sectoral indices falling a massive 10.16 per cent.
21 scrips out of the 30share Sensex pack ended lower while 9 others finished higher.
Major losers from the Sensex pack were Larsen (13.24 per cent), Jindal Steel (9.76 per cent), Tata Steel (9.19 per
cent), Hindalco Ind (8.84 per cent), BHEL (8.60 per cent), Sterlite Ind (7.54 per cent), Maruti Suzuki (5.19 per cent),
HDFC Bank (5.30 per cent), Gail India (4.10 per cent), ONGC (3.90 per cent), Tata Power (3.73 per cent) and RIL
(3.60 per cent).
However, Hero Moto rose by 5.24 followed by Sun Pharma at 3.47 per cent, Bajaj Auto by 3.06 per cent, Infosys at
2.45 per cent, Bharti Airtel at 2.41 per cent, TCS at 1.75 per cent and M&M 1.72 at per cent.
The total turnover at BSE and NSE fell to Rs 9,390.41 crore and Rs 55,989.13 crore, respectively from the last
weekends level of Rs 9,411.92 crore and Rs 57,586.28 crore.
Among the other sectoral indices S&P BSEBankex dropped by 4.73 per cent followed by S&P BSEPSU at 4.15 per
cent, S&P BSEPower at 3.58 per cent, S&P BSEMetal at 3.28 per cent, S&P BSEOil&Gas 3.24 at per cent, S&P
BSERealty 2.38 per cent and S&P BSEHC 1.72 per cent.
However, S&P BSEIT rose by 2.03 per cent and S&P BSETeck at 1.76 per cent.
Meanwhile, foreign institutional investors (FIIs) were the net sellers.
Forex: The rupee continued its upward march for the third straight week, rising by 31 paise to close at onemonth
high of 59.04 against the Greenback during the week under review on measures taken by the central bank to stem the
rupee fall amid sustained dollar selling by exporters and some banks.
However, negative factors like weakness in local stocks and capital outflows restricted the rupee rise.
At the Interbank Foreign Exchange (Forex) market, the domestic unit resumed better at 59.30 a dollar from last
weekends close of 59.35, but dropped to a low of 59.87.
Later, it bounced back on steps taken by the apex bank to a high of 58.69 before settling the week at 59.04, showing a
rise of 31 paise or 0.52 per cent. In threeweek of gaining string, it has flared up by 118 paise or 1.96 per cent.
Seeking to tighten gold imports in the face of a widening CAD, the Reserve Bank on Monday evening set stringent
conditions for importers, linking inward shipments to future exports. The restriction came when gold imports, in
addition to oil, are putting pressure on the current account deficit, which soared to record high of 4.8 per cent in
201213.
To contain the exchange rate volatility, the RBI on Tuesday announced more measures to squeeze liquidity from the
banking system. It limited access to borrowed funds by reducing the liquidity adjustment facility for each bank from
to 0.5 per cent of net demand and time liabilities from 1 per cent.
The RBI also asked banks to maintain a higher average cash reserve ratio of 99 per cent of the requirement daily as
against 70 per cent earlier.
Pramit Brahmbhatt, CEO, Alpari Financial Services (India) Pvt Ltd said, Rupee continued to trade strong this week
also as RBI again took some steps to make currency scarce and squeeze the liquidity to support the Rupee.
This week on Wednesday Indian Rupee posted its biggest singleday gain in nearly a month. On the weekly basis it
closed strong for the third consecutive week. During this month till now Rupee has already appreciated by more than
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Red chilli prices quoted lower at Rs 6,40011,900 instead of Rs 6,50012,000 per quintal on expectation of strong
crop in the coming year on good rainfall.
Turmeric prices drifted Rs 100 to Rs 6,40011,400 per quintal, as a timely progress of the monsoon rains raised
hopes of better sowing, while higher carry forward stocks.
Jeera common and jeera best quality also fell up to Rs 400 to Rs 13,10013,500 and Rs 17,10017,400 per quintal on
weak local demand and good progress of the monsoon.
In the nonedible section, castorseeds bold opened stable at Rs 3,500, later declined to end at Rs 3,425 from the last
weekends level of Rs 3,500 per 100 kg, showing a fall of Rs 75.
Castor oil commercial also resumed steady at Rs 730, but later eased to close at Rs 715 from its last weekends level of
Rs 730 showing a loss of Rs 15 per 10 kg.
Linseed oil also opened stable at Rs 730, later moved down to end at Rs 725 from its previous weekends level of Rs
730 showing a modest loss of Rs 5 per 10 kg.
Moving to the futures section, Castor seeds for September delivery resumed lower at Rs 3,652 and tanked further to
Rs 3,420 before concluding at Rs 3,426 from last Saturdays closing level of Rs 3,712, showing a sharp fall of Rs 286
per tonne.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock markets
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The Hindu
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Business Markets
Published: July 29, 2013 16:36 IST | Updated: July 29, 2013 17:29 IST
Continuing its downward march for the fourth session, the benchmark S&P BSE Sensex on Monday tumbled 155
points to end at a nearly threeweek low of 19,593.28 on the eve of the RBIs monetary policy review.
37,
The index fell on selling in FMCG, PSU, metal and realty stocks, while weak Asian cues amid mixed European
openings also weighed on market sentiment.
The 30share Sensex initially touched a high of 19,751.03 and then declined on weak Asian trends to settle at
19,593.28, a fall of 154.91 points or 0.78 per cent. That was the lowest close since 19,294.12 on July 10.
The National Stock Exchanges Nifty index fell 54.55 points, or 0.93 per cent, to 5,831.65. The SX40 index on the
MCXSX closed at 11,695.58, down 0.81 per cent.
Caution was seen ahead of RBIs monetary policy, said Nidhi Saraswat, a senior research analyst at Bonanza
Portfolio Ltd. RBI has been taking measures to curb rupee weakening against dollar and market has reacted
negatively to it in last few weeks, particularly the ratesensitive stocks being the worst hit.
Fast moving consumer goods giants ITC and Hindustan Unilever, which posted Q1 earnings last week, declined after
their recent rally and together contributed almost 100 points to the Sensex fall.
HDFC Bank, Dr Reddys Laboratories, ONGC, Bharti Airtel, Reliance Industries, SBI, Coal India, Hindalco, Bajaj Auto,
Sterlite Industries, Maruti Suzuki and Tata Steel also closed with losses.
Among the 13 sectoral indices, 10 closed with losses. The BSEIT index was the top gainer after Wipro climbed 6.71
per cent on betterthanexpected Q1 results declared late on Friday and its upbeat revenue guidance for the second
quarter.
The RBIs First Quarter Review of Monetary Policy is scheduled tomorrow. Besides, the US Federal Reserves twoday
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meet on July 30 and 31 on policy led operators and investors to tread cautiously.
Meanwhile, Finance Minister P. Chidambaram said the mandate of a central bank is not only to ensure price stability
but also to promote growth and generate employment.
Speaking in Ahmedabad, the minister said he did not expect commercial banks to hike interest rates.
Most Asian stock markets ended lower with Japanese equities falling as a firm yen further dragged down exporters,
while Chinese shares lost ground amid economic worries. Key indices in China, South Korea, Hong Kong, Japan and
Taiwan dropped by 0.54 per cent to 3.22 per cent, while Singapores Strait Times inched up.
European markets traded mixed, with indices in France and Germany up 0.46 per cent to 0.49 per cent, while UKs
FTSE eased by 0.11 per cent.
In the domestic markets, 20 scrips in the Sensex ended lower. The major losers were Hindalco (4.03 pc), HUL (3.71
pc), Sterlite Ind (3.66 pc), Dr Reddys Lab (3.53 pc), Coal India (3.19 pc), ITC (2.88 pc), ONGC (2.07 pc), Maruti
Suzuki (1.81 pc), HDFC Bank (1.74 pc), Bajaj Auto (1.55 pc), Tata Steel (1.46 pc), SBI (1.18 pc) and BHEL (1.16 pc).
Jindal Steel rose 4.89 pc, followed by Tata Motors (2.14 pc) and Sun Pharma (1.91 pc).
Among the sectoral indices, S&P BSEFMCG dropped 2.67 pc, followed by S&P BSEPSU 1.80 pc, S&P BSEMetal
1.80 pc, S&P BSERealty 1.65 pc, S&P BSEBankex 1.20 pc, S&P BSEOil &Gas 1.16 pc and S&P BSECD 1.06 pc.
The S&P BSEIT moved up 0.77 pc.
The market breadth remained negative, with 1,400 scrips declining, 830 shares gaining and 151 scrips unchanged.
Total turnover dropped to Rs 1,758.93 crore from Fridays Rs 2,100.94 crore.
Meanwhile, foreign institutional investors pumped in Rs 278.04 crore on Friday, according to provisional data with
the stock exchanges.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock markets, closing
trade
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Printable v ersion | Jul 3 0, 2 01 3 7 :4 6 :52 AM | http://www.thehindu.com /business/m arkets/sensex-down-1 55-points-to-nearly -3 week-low/article4 9 6 6 54 9 .ece
The Hindu
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Investors took a step back Monday ahead of several events later this week that could set the tone for the rest of the summer.
The Dow Jones industrial average lost 0.2%, the S&P 500 and the Nasdaq both fell nearly 0.4%.
Despite news early Monday of corporate mergers totaling $46 billion, investors were reducing their exposure to stocks ahead of
a meeting of Federal Reserve policymakers later this week. The European Central Bank and Bank of England also meet this week.
While the Fed is unlikely to announce any major changes in policy this week, many investors believe the central bank will begin
slowing the pace of its $85 billion-per-month bond-buying program as soon as September.
See what global markets did today
There is also a ton of economic data on tap this week, with a report on second-quarter U.S. gross domestic product and the
government's monthly jobs report.
Investors have been particularly sensitive to economic reports since the Fed has stressed that any tapering of its stimulus
policies will depend on how the recovery progresses.
"The market will look for clues as to the timing of future scaling back of asset purchases," said Bill Stone, chief investment
strategist at PNC Wealth Management.
Meanwhile, some well-known stocks were on the move Monday.
Merger Monday. Canadian retailer Hudson's Bay bought iconic retailer Saks (
owns rival luxury retailer Lord & Taylor.
Omnicom Group ( OMC, Fortune 500) and Publicis Groupe ( PGPEF) announced a $35.1 billion deal to form the world's
largest advertising agency. The news also lifted shares of rival advertising agency, Interpublic Group of Companies ( INPGP).
Click here for data on bonds, commodities and currencies.
U.S. over-the-counter drugmaker Perrigo ( PRGO) announced an $8.6 billion deal for Irish drugmaker Elan ( ELN ), a cash and
stock deal that pays about a 26% premium for Elan shareholders. The Irish company was at the center of an insider trading
scandal involving a former employee of embattled hedge fund SAC Capital.
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Deluge of earnings. Mall operator Simon Property ( SPG) and casino owner Wynn Resorts ( WYNN, Fortune 500) both
reported improved quarterly earnings, although Wynn fell short of forecasts while Simon beat estimates.
:\QQFUDSVRXWLQ&KLQD
Rental car company Hertz (
than 2%.
HTZ, Fortune 500) reported results that met analysts' expectations, but shares were down more
CF Industries ( CF, Fortune 500) shares jumped after Dan Loeb's hedge fund, Third Point, disclosed an investment in the
fertilizer company. Loeb's investment in CF Industries boosted shares of rivals Rentech Nitrogen ( RNF), Terra Nitrogen
( TNH) and Agrium ( AGU).
In a letter to investors, Loeb also reportedly renewed his criticism of Sony (
Shares of Intuitive Surgical Inc. (
ISRG) gained after the medical robotics company boosted its share repurchase program.
Herbalife ( HLF), the multi-level marketing company that hedge fund manager Bill Ackman has attacked as a pyramid scheme,
reported second-quarter earnings after the closing bell that topped forecasts.
Related: Fear & Greed Index
Best of StockTwits. On any given day, there are always high-profile stocks on the move that traders on StockTwits are talking
about. Here's a look at some of them.
SodaStream ( SODA) shares gained nearly 2% as investors looked ahead to the company's latest earnings report Wednesday.
The stock has had a strong pop this year, rising from about $45 a share to above $75 a share in May. But some traders on say the
stock is too frothy.
investinthebest: $SODA nothing but a bubble if you ask me. want to see 20-30
Facebook ( FB) shares have been on a tear since the social network reported strong quarterly results last week. The stock rose
above $35 a share Monday and is closing in on its IPO price of $38.
jincman: $FB it's getting comfortable over 35 ... look out!
Caterpillar ( CAT, Fortune 500) announced plans to repurchase $1 billion worth of its own stock from French bank Socit
Gnrale, accelerating a $2 billion transaction announced in April. The move comes a few weeks after hedge fund manager Jim
Chanos said he's betting against Caterpillar as the global boom in commodities draws to a close.
For some, the buyback is a sign of weakness, while others say Caterpillar is still a good long-term bet.
timboutillier: $CAT You smell that? Smells like desperation if you ask me.
leopardtrader: Those betting against $CAT at the current levels will be thoroughly whipped in months ahead lol
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Stocks fell on Monday on the eve of Reserve Bank of Indias review on monetary policy as interest rate-sensitive stocks
tumbled as the markets expect no change in the policy rates on Tuesday.
The fall was aided by fast moving consumer goods (FMCG) stocks as Hindustan Unilever was no more the favourite of
brokerages.
The S&P BSESensex was down by 154.91 points at 19593.28. The drop in stocks of PSUs and metal, which lost 1.80
per cent each, realty (1.65 per cent), banks (1.20 per cent), oil & gas (1.16 per cent) and consumer durables (1.06 per
cent) also pulled down the Sensex.
On the National Stock Exchange (NSE), the 50-share Nifty closed at 5831.65 with a loss of 54.55 points.
The broader movement suggested that market participants have turned cautious ahead of RBI policy scheduled for
on Tuesday, said Jayant Manglik, President-Retail Research, Religare Securities Limited.
As per the charts, Nifty has corrected almost vertically from the recent top of 6093.35 and now on the verge of testing
target zone of 5800 level but the sudden decline has pushed oscillators in oversold territory which may result in some
technical bounce in near future.
Investors are worried on RBIs measures on Tuesday when it will review its policy. The RBI, which was expected to
ease the monetary policy earlier, tightened easy money to defend the value of the rupee.
Rupee drops
Ahead of the RBIs quarterly monetary policy review, the rupee on Monday snapped three days of gains and closed 37
paise lower, the most in a week, at 59.41 against the dollar.
The currency also declined amid fresh month-end dollar demand from importers and a drop in domestic stocks. A
weak dollar overseas ahead of the U.S. Federal Open Market Committee meeting this week and fresh capital inflows
restricted the rupees fall, a forex dealer said.
At the inter-bank foreign exchange market, the rupee opened lower at 59.10 from the previous close of 59.04.
After touching a high of 59.08, it declined to a low of 59.45 before settling at 59.41, a fall of 37 paise. The rupee last
fell by 37 paise on July 22.
Printable v ersion | Aug 7 , 2 01 3 9:2 4 :3 0 AM | http://www.thehindu.com /today s-paper/tp-business/sensex-sheds-1 55-points/article4 9 6 84 04 .ece
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Business Markets
Published: August 6, 2013 16:49 IST | Updated: August 6, 2013 17:25 IST
Indian investors become poorer by a whopping Rs 1.37 lakh crore as 7 out of every 10 stocks fall and the rupee hits a record low of
61.80.
37,
The BSE benchmark Sensex on Tuesday plunged 450 points to end below the 19,000-mark after five weeks on massive
all-round selling as the rupee hit a record low of 61.80 against the dollar.
After a lower start, the Sensex dropped 449.22 points, or 2.34 per cent to 18,733.04, its lowest level since June 27.
The loss of 449.22 points today was the steepest since June 20 when Sensex plunged by over 526 points.
Major losers which dragged down the market were ICICI Bank, Yes Bank, Tata Power, Maruti Suzuki, Bajaj Auto,
BHEL, HDFC Ltd., Larsen and Toubro, Reliance Industries, Infosys, Mahindra and Mahindra and Maruti Suzuki.
Across the market, investors became poorer by a whopping Rs 1.37 lakh crore as 7 out of every 10 stocks fell. The
Indian stock market has dropped out of the trillion-dollar club with market capitalisation currently standing at Rs
60.2 lakh crore.
Brokers said the market remained under pressure as the rupee hit a record low of 61.80 against the dollar raising
fears of higher inflation and increase of capital outflows.
They said the falling rupee also raised concerns about more monetary tightening measures which might hurt revenues
of leading companies depending on imports.
The Nifty index on the National Stock Exchange tumbled 143.15 points, or 2.52 per cent, to 5,542.25, led by stocks of
consumer durables, metals, banks and other interest-sensitive sectors.
SX40 index, the flagship index of MCX-SX, closed at 11,125.38, down 303.34 points, or 2.65 per cent.
In 30-BSE index components, 26 stocks fell and three gained while NTPC ended unchanged.
Market sentiment dampened further as a non-index stock of Financial Technologies, the promoter of National Spot
Exchange, tumbled 19.60 per cent to Rs 159.15 following reports that the government is likely to ban trading in eZZZWKHKLQGXFRPEXVLQHVVPDUNHWVVHQVH[WDQNVSWVWREUHDFKNPDUNDUWLFOHHFH"KRPHSDJH WUXH FVV SULQW
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Taper talk: Chatter about Federal Reserve tapering caused some jitters again Tuesday. Atlanta Fed president Dennis Lockhart
and Chicago Fed president Charles Evans both hinted that the Fed could begin easing its bond buying program as early as next
month.
While speaking to reporters, Evans said he wouldn't rule out the possibility of dialing back the bond program next month, but
reiterated that the Fed's decision is going to depend on economic data and the pace of the recovery.
Evans is a voting member on the Fed's monetary policy committee, while Lockhart is not. But the market has paid attention to
comments from all Fed members recently for clues about the central bank's next move.
The Fed's stimulus policies, including its bond purchase program, known as quantitative easing, have been widely credited as a
major factor in driving stocks higher over the past few years.
What's moving: The vast majority of large U.S.-traded companies have already reported quarterly results, but a few more are
trickling in and generating plenty of buzz among traders on StockTwits.
Shares of Molson Coors Brewing (
beer volume.
TAP) rose, after the brewer reported strong earnings and sales, helped by a 20% jump in
howardlindzon: Guns worked...next up beer ....Molson's coming out of a huge base... might be adding cc @ivanhoff $TAP Bullish
Fossil (
EricDutram: $FOSL up almost 20% on earnings beat, solid guidance. Death of watches has been greatly exaggerated...
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KORS) rose sharply after the luxury retailer reported sales and earnings that blew past
vermut: $KORS cash company is generating exceeds all their investment needs. management says: possibility of stock buyout
and dividend in future Bullish
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But it wasn't all good news on the retail front.
mytfine: Did little ole $AEO blow up the retail party?
Shares of American Eagle Outfitters (
to weak demand.
AEO) tumbled after the teen clothing retailer cut its outlook for the current quarter due
DISH Network (
satellites.
DISH, Fortune 500) reported a quarterly loss due to high costs associated with an acquisition of two of its
In other corporate news, shares of The Washington Post ( WPO) rose after Amazon.com ( AMZN , Fortune 500) founder Jeff
Bezos said he was buying the company's world-renowned newspaper business. Bezos is buying the company's flagship paper -The Washington Post -- and other print properties for $250 million.
BATS exchange temporarily halts orders, resumes: The BATS BZX exchange stopped accepting trader orders for nearly an
hour Tuesday afternoon while it was investigating system issues. The exchange, the nation's third largest after the New York
Stock Exchange and Nasdaq, resumed taking order at 2 p.m. ET.
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Business Markets
Published: August 7, 2013 10:18 IST | Updated: August 7, 2013 22:39 IST
%RPED\6WRFN([FKDQJHLQ0XPEDL)LOH3KRWR
37,
Stock indices continued their downward spiral on the bourses on Wednesday while the rupee remained weak against
the dollar throughout the trading session.
The S&P BSE Sensex closed at 18664.88, down by 68.16 points. However, some sectoral indices gained smartly. Realty
stocks gained 5.04 per cent followed by metal (3.31 per cent), power (2.82 per cent), oil & gas (2.76 per cent), PSUs
(2.40 per cent), consumer durables (1.04 per cent) and banks (0.51 per cent). Other sectoral indices which ended in
the red included information technology stocks (1.60 per cent), automobiles (1.46 per cent), fast moving consumer
goods (FMCG) (1.37 per cent) and technology (1.16 per cent).
On the National Stock Exchange (NSE), the 50-share Nifty closed at 5519.10 with a loss of 23.15 points. However,
stocks of Financial Technologies (India) Ltd (FTIL) closed up 5.62 per cent at Rs.168.10 on the BSE after the National
Spot Exchange Ltd. (NSEL) disclosed stock positions as on July 31, 2013. NSEL is the wholly-owned subsidiary of
FTIL.
Asian stocks
Asian stock markets closed mostly lower, with the exception of Singapores Straits Times index. Japans Nikkei 225
index dropped 4 per cent after overnight losses in the U.S. on monetary-policy concerns, along with gains for the yen.
European stocks were lower in early trade, with the CAC, DAX and FTSE all down.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock markets, closing
trade
Post Comment
Printable v ersion | Aug 8, 2 01 3 5:50:52 AM | http://www.thehindu.com /business/m arkets/sensex-drops-6 8-points/article499862 5.ece
The Hindu
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Tapering fears are back. Stocks finished in the red Wednesday amid new talk that the Federal Reserve may soon begin to slow
the pace of its controversial asset purchases.
The Dow Jones industrial average and S&P 500 declined for a third day. It appears that statements from Chicago Fed president
Charles Evans and Atlanta Fed president Dennis Lockhart on Tuesday about the Fed possibly pulling back on, or tapering, its
bond purchases as soon as next month continued to spook investors. The Nasdaq slipped as well.
The prospect of the Fed cutting back on its massive quantitative easing campaign, which has helped push U.S. stocks to record
highs, had investors feeling "uneasy," according to Ishaq Siddiqi, a market strategist at ETX Capital in London. And since Evans is
both a well-known Fed dove and a member of the central bank's policy committee this year, the comments are particularly
unnerving for traders.
Despite this week's sell-off, the Dow and S&P 500 are only down a little over 1% from the all-time highs reached on Friday. And
all three indexes are still up between 18% to 21% so far this year.
Related: Fear & Greed Index languishes in neutral
What's moving: Earnings continue to roll in Wednesday. CNNMoney parent Time Warner ( TWX, Fortune 500) raised its
guidance and reported a 25% jump in operating income, helped by strong revenue from movie blockbusters like "Man of Steel"
and television shows like HBO's "Game of Thrones" and "Girls.
AOL ( AOL) reported earnings and sales that beat estimates, and announced plans to buy video ad start-up Adap.tv for $405
million. The acquisition generated plenty of buzz among traders on StockTwits.
ESCapAdv: $AOL makes a video buy with Adap.TV for $400 million in cash and stock. Is AOL resurrected?
EricSteiman: $AOL Buys Adap.tv. Wouldn't be shocked to see $YHOO making a video play near term
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Zillow ( Z) shares tumbled after the real estate website company swung to a second-quarter loss. But Zillow's stock has been
on a tear in 2013. Shares are up 200% year-to-date, as investors bet on a housing recovery. Since early July alone, shares have
rallied 50%.
jfahmy: Zillow is a classic example of "buy the rumor, sell the news," as the stock ran over +50% ahead of its earnings $Z
World markets also in decline
First Solar ( FSLR)shares plunged a day after the solar panel maker widely missed analysts' estimates for both profit and
revenue. First Solar also trimmed its outlook. Shares of rival Solar Cit ( SCTY)y also tumbled, but traders were quick to not the
differences between the two.
Tenaciousvalor: $SCTY business model is completely different from $FSLR. They're operating at full capacity. Business is
booming. I this for a fact! BULLISH
StarPower: I hate $FSLR. Always dragging $SCTY with it. Different companies. SCTY is much better hedged, no comparison.
Solar City, which is chaired by Tesla CEO Elon Musk, reported better-than-expected earnings after the closing bell, sending
shares higher in after-hours trading.
Tesla Motors (
after hours.
TSLA) also topped forecasts. The company reported a surprise profits and shares jumped to a new all-time high
Groupon ( GRPN) shares soared after hours. The daily deals company posted sales that topped forecasts and announced a
share buyback program.
But Green Mountain Coffee Roasters (
GMCR) sales figures fell short of expectations, and shares sunk after hours.
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The bull must be on summer vacation. Stocks ended the week with losses.
The Dow Jones Industrial Average, the S&P 500, and the Nasdaq all fell Friday. The Dow dropped more than 100 points at one
point in mid-day trading before recovering a bit. But there did not appear to be a clear reason for the sell-off.
Stock market trading is typically muted in August.
But even with the major indexes all shedding about 1% this week, the market hasn't lost all that much momentum. Stocks have
still gained between 18% and 23% in 2013.
Click here for more on stocks, bonds, commodities and currencies
Can Priceline top $1,000? Even though the broader market wasn't doing much, there were several high-profile stocks on the
move. Priceline.com ( PCLN) shares moved closer to $1,000. The online travel company posted quarterly earnings Thursday
that beat expectations.
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Traders on StockTwits see room for quick profits in the online travel company.
Zubair84: $PCLN Thanks to Mr.Shatner for making me one day closer to retirement..i should retire after this sick run lol
howardlindzon: Standing Ovation for Priceline and it's long term shareholders...outstanding - unsung internet hero $PCLN
http://stks.co/rO3C"
J.C. Penney ( JCP, Fortune 500) shares fell more than 7%, one day after gaining 7%. Activist investor Bill Ackman wants a new
CEO, and in a letter, stated how worried he is about the health of the company.
Traders are terrified about the retailer's prospects.
tuberdr11: $JCP YOU MUST READ THIS. This company is in serious, serious trouble by the sound of this letter. Ive never seen
this http://stks.co/deBP
Harvey_s: $JCP The bottom callers always get screwed because things can actually go lower than you may realize , faster than
you can imagine
Related: Fear & Greed Index, still idling in neutral
Shares of BlackBerry (
take it private.
BBRY) surged, after Reuters reported that the Canadian smartphone company is looking for a buyer to
Still not everyone was sure that the BlackBerry rally had staying power.
flowerpoweredQE2infinity: $BBRY while i agree their assets are worth $15/share, the fact that they mentioned they're open 2
a buyout means it won't happen
dragenn: $BBRY This will sell off over the next couple of days. Sell side pressure hasnt stopped. I doubt It'll hold high into next
week.
On the international stage, both European markets and Asian stocks moved slightly higher.
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The Dow dropped 225 points Thursday, its biggest loss in almost two months.
U.S. stocks were dragged down by disappointing earnings from Wal-Mart and Cisco, which outweighed more encouraging
economic news.
The Dow Jones industrial average, S&P 500 and Nasdaq all fell by more than 1.4%.
Wal-Mart (
That report came on the heels of news from Cisco ( CSCO, Fortune 500) that sent its shares plunging. The network equipment
maker revealed plans to cut 4,000 jobs, citing difficult economic conditions.
And on a day when the broader market sell-off was the big story, it's worth noting that the exchange-traded fund for the S&P
500 ( SPY) was one of the top-trending tickers on StockTwits. Traders had a lot to say about stocks and a possible market
correction on the horizon.
theoptiondon: $SPY under 167 could be recipe for a mini crash to 160 Bearish
PatrickCANo1: $SPY Right about now there are 1,000 mgrs on vacation calling in sell orders Bearish
Markets in Europe and Asia closed in the red as well. But gold prices jumped. The metal often spikes in times of market turmoil
as investors view it to be a safer bet in uncertain times. But prices have been down sharply this year and several well-known
hedge fund managers have lowered their exposure to the metal.
Related: Fear & Greed Index shows fear is back
On the economic front, the U.S. government said jobless claims dropped by more than expected to 320,000, a decrease of 15,000
from the previous week's revised figure. The Labor Department said the consumer price index rose 0.2%, in line with
expectations. CPI is a key gauge of inflation.
Investors continue to look for more clues on when the Federal Reserve will start to tighten monetary policy.
Chris Beauchamp, analyst with IG in London, said investors are still nervous about whether or not the Fed will begin to pull back
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In other corporate news, J.C. Penney ( JCP, Fortune 500) shares rose after investment manager George Soros revealed the
size of his stake in the embattled retailer.
Shares rose for Kohl's ( KSS, Fortune 500) after the company reported a second quarter jump in revenue, despite a drop profit.
The retailer also lowered its earnings forecast for the full year.
Shares of Gannett ( GCI, Fortune 500) slid after Berkshire Hathaway ( BRKA, Fortune 500), the investment firm run by
billionaire Warren Buffett, unloaded its shares of the newspaper giant. Berkshire disclosed its holdings in a quarterly filing with
the Securities and Exchange Commission, which was released Thursday.
Berkshire bought shares of Dish Network ( DISH, Fortune 500), and Suncor Energy (
General Motors ( GM, Fortune 500) in the second quarter.
Shares of Smith & Wesson ( SWHC) fell more than 8% after KeyBanc Capital Markets downgraded the gun manufacturer's
stock from Buy to Hold. But one trader on StockTwits felt the drop in price was unjustified.
zackisherenow: $SWHC 500 shares at 11.25 and 500 shares at 10.99. Got 2500 shares now at an avg of 11.68. This is THE
biggest overreaction of the year. Bullish
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Business Markets
Published: August 16, 2013 09:49 IST | Updated: August 16, 2013 18:03 IST
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A benchmark index of Indian equities markets on Friday closed 750 points after falling over 807 points during the
day as the rupee fell to a record low of 62 per dollar amid heavy selling by foreign funds.
The 30-scrip sensitive index (Sensex) of the S&P BSE, which opened at 19,297.11 points, closed (provisional) at
18,618.20 points, down 749.39 points or 3.87 percent from Wednesdays close at 19,367.59 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) closed Fridays trade at 225.35 points or 3.92 percent
down at 5,516.95 points (provisional).
The Sensex touched a high of 19,310.95 points and a low of 18,559.65.
The S&P BSE Bank index index tanked 622.62 points, consumer durables index fell 548.28 points, metal index
tumbled 451.20 points, oil and gas index slid 402.45 points and capital goods dipped 394.96 points.
The other losers included PSU index which went down 259.22 points, automobile index which dropped 256.85 points,
FMCG slid 254.29 points and FMCG index plunged 179.39 points.
Stocks of banks, consumer durables, oil and gas, capital goods, metal, automobile, public sector undertakings (PSU)
and fast moving consumer goods (FMCG) saw heavy selling.
The huge selling pressure in the stock markets was created by the high demand for the US currency.
Recent industrial and employment data from the US and some major European economies like France and Germany
has shown significant improvement, making these markets more attractive than India.
The creation of more jobs in the US may translate into an early end to the US stimulus programme, which earlier led
the US Federal Reserve to end its bond-buying programme.
The partially convertible rupee slipped to a new record low of 62.03 against the dollar at inter-bank foreign exchange
market here, surpassing its previous record low of 61.80 of Aug 6.
The markets were closed Thursday Independence Day.
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Stocks fell for a second consecutive week, with the Dow and S&P 500 dropping more than 2%. While losses like this have been
rare so far this year, it's pretty typical during the dog days of August.
The Dow Jones industrial average, the S&P 500 and the Nasdaq were just slightly lower Friday, but the pain of Thursday's big
sell-off still lingered.
Despite two down weeks, the major indexes remain between 15% and 20% higher for the year. But future gains may be hard to
come by as investors worry about the Fed and the broader economy.
Bond yields spike on Fed jitters: Questions about the Federal Reserve's next move remain unanswered. Many traders think the
Fed will start to taper its $85 billion in monthly bond buying sooner rather than later.
There are also concerns that other central banks around the world, including the Bank of England, will begin to raise rates soon.
Those worries have put pressure on stocks and pushed the yield on the 10-year Treasury to 2.83%, the highest in two years, from
2.6% at the start of the week.
Are consumers still spending? Investors are also growing nervous about the health of the consumer in light of weak earnings
from a number of retailers.
Nordstrom ( JWN, Fortune 500) was the latest to disappoint. The upscale department store's revenue came in short of
forecasts and it also offered weak guidance for the remainder of the year, sending shares nearly 5% lower.
Earlier in the week, Wal-Mart, ( WMT, Fortune 500) Macy's (
lackluster results and tepid outlooks.
The weakness among retailers was a hot topic among traders on StockTwits, who wondered what it could mean for other
companies, including credit card giants Visa ( V, Fortune 500) and MasterCard ( MA, Fortune 500).
jf4533: $JWN confirms what $WMT and $M have been telling us already... consumer is not buying. ominous for Holiday sell
season, and $SPY too.
flounder: If consumer spending is as bad as what $WMT $TGT $M $JWN say, then $MA and $V may be too stretched here.
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#Cautious
Related: Fear is back in the market
Also on the earnings front, Dell ( DELL, Fortune 500) reported solid quarterly results after the close Thursday, but shares
traded lower Friday. The company's future is still in limbo. Founder Michael Dell wants to take it private, but hedge fund
manager Carl Icahn has put up a fight.
bogdanryabyy: Wonder what Ichan will do with $DELL in the future? All I know is not to bet against Ichan and his track record.
Pandora ( P) shares moved higher after Goldman Sachs upgraded the stock to buy from neutral due to rising advertising and
subscription revenue. Traders had mixed feelings about the upgrade.
almostatrader: $P music to my ears!
PTSD_Trader: I want $P in my portfolio at some point, but a $GS upgrade is the kiss of death. :)
UltraGwenn: $P one thing i've learned in life is, when $GS pumps, i short Bearish.
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J.C. Penney ( JCP, Fortune 500) shares were down again Friday after the retailer announced it has reached an agreement with
former board member and its largest shareholder Bill Ackman that will allow the activist investor to sell his stake in the
company.
What the heck happened in China? Asian markets went on a wild ride, triggered by a possible trading error in Shanghai that
sent China's marquee index soaring before momentum reversed. The Shanghai Composite index ended with a 0.6% loss. Stocks
in Hong Kong were flat and Japan's Nikkei fell.
Meanwhile, European markets bucked the recent downturn and finished higher.
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Business Markets
Published: August 19, 2013 10:22 IST | Updated: August 19, 2013 16:55 IST
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A fresh record low for rupee on Monday rattled stock markets once again with benchmark BSE Sensex tumbling by
291 points to end at over 4-month low of 18,307.52 as heavy FII selling in shares of banks, auto, pharma and FMCG
eroded a staggering Rs 1 lakh crore in investor wealth.
The rupee touched all-time low of 62.81 against the dollar despite a number of steps from RBI to curb the currency
free-fall. Also, weakness in global markets and speculation over the US rolling back its economic stimulus package as
early as next month worsened the sentiment.
After Fridays 769-point crash -- the worst fall in 4 years -- the 30-share index on Monday opened flat at 18,587.38.
Increasing selling pressure brought Sensex down to intra-day low of 18139.15, down over 459 points. A marginal
recovery lifted the Sensex but it still closed 290.66 points, or 1.56 per cent, down at 18,307.52. This is its worst closing
since 18,242.56 on April 12.
No respite has been seen today despite assurance from the government that situation of 1991 shall not be repeated
and condition is not worse. Banking and Auto stocks led the fall today, said Nidhi Saraswat, Senior Research Analyst,
Bonanza Portfolio Ltd.
Analysts said there was no heavy bottom-fishing in the markets even though stocks have become relatively cheaper in
valuations over the last few sessions.
Similarly, NSE benchmark CNX Nifty closed at 5,414.75, down 93.10 points or 1.69 per cent. Also, SX40 index, the
flagship index of MCXSX, closed down 201.76 points, or 1.82 per cent, at 10,881.76.
ICICI Bank and SBI shares led losses in banks on concerns over mark-to-market losses on banks portfolios, brokers
said.
Bucking the weak trend, software exporting companies led by Infosys rose over one per cent on hopes the fall in rupee
would improve their revenues. IT companies get over 60 per cent of their revenues from global markets.
To curb dollar outflows, RBI on August 14 announced stern measures, including curbs on Indian firms investing
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Business Markets
Published: August 20, 2013 16:38 IST | Updated: August 20, 2013 18:32 IST
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37,
The S&P BSE benchmark Sensex on Tuesday trimmed early losses on some buying after the index slipped below
18,000-level but still closed 61 points down, extending the downtrend to the third day, as the rupee remained weak.
The 30-share index slumped to 17970.98, down nearly 337 points, after rupee breached the 64-level against dollar,
However, buying by funds in beaten down shares helped the Sensex end at 18,246.04, down 61.48 points or 0.34 per
cent.
In three days, the index has lost over 1,100 points.
On similar lines, the National Stock Exchange index Nifty ended 13.30 points, or 0.25 per cent, lower at 5,401.45,
after dipping to 5,306.35. Also, SX40 index, the flagship index of MCX-SX, closed at 10829.76 with a loss of 52
points.
The fag-end buying in banking, realty and metal sector stocks helped the market to minimise losses, where as rupee
falling to record low levels and weakening global markets continued to influence the trading sentiment, said brokers.
The rupee hit yet another all-time low of 64.11/12 per dollar in intra-day trade.
In Sensex components, 16 stocks declined while 14 stocks ended with gains. The consumer durable sector index
suffered the most by falling 3.54 per cent to 5,568.05, followed by auto sector index by 2.26 per cent to 10,055.58,
among others.
Market sentiment was further hurt on weakening Asia and lower opening in Europe on speculation that the US
Federal Reserve will soon start to scale back stimulus programme.
Emerging-market stocks fell the most in six weeks as Indonesias record current-account gap and Thailands recession
heightened fears that capital outflows will rise.
Keywords: sensex, rupee fall
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Business Markets
Published: August 21, 2013 09:51 IST | Updated: August 21, 2013 16:40 IST
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37,
Wiping off initial gains, the BSE benchmark Sensex on Wednesday dipped below 18,000 level after a gap of nearly one
year and closed with a 340-point loss in step with the rupee hitting a new low amid rising fears that US Fed will
rollback its economic stimulus soon.
Investors lost another Rs 1 lakh crore in Wednesdays trade after markets started tumbling after noon.
Enthused by RBIs overnight measures to ease liquidity situation, the Sensex had begun the day on a positive note and
jumped over 321 points to 18,567.70.
However, as rupee started its southward journey, stocks fell. Led by losses in metal, oil&gas, FMCG and heathcare
stocks, Sensex plunged by 340.13, or 1.85 per cent, to 17,905.91 a level last seen on September 11, 2012.
The Sensex has now lost over 1461.13 points in 4 days.
On similar lines, the broad-based National Stock Exchange index, Nifty, dropped by 98.90 points, or 1.83 per cent to
5,302.55 as companies having exposure to overseas markets such as IT and pharma suffered losses.
Also, SX40 index, the flagship index of MCX-SX closed at 10,618.44, down 211.32 points or 1.95 per cent.
As the market remained in bear-grip, 25 of Sensex stocks closed with losses. IT shares led by Infosys, TCS and Wipro
were among losers on profit-booking after recent gains.
Brokers said market sentiment dampened as government efforts failed to revive the free-fall in rupee which went past
64.5 in intra-day trade on increased capital outflows.
They said world stock markets remaining choppy as traders waited for hints from the US central bank about when it
might begin to reduce its massive stimulus effort in the soon-to-be-released minutes of its July meeting.
Overseas funds sold a net USD 105 million of local shares in the previous session, the most since July 12, paring this
years inflow to USD 12.4 billion.
Keywords: Sensex, BSE, Nifty, NSE, Indian stock markets
Post Comment
Printable v ersion | Aug 2 2 , 2 01 3 4 :1 8:4 5 AM | http://www.thehindu.com /business/m arkets/sensex-falls-3 4 0-points-to-nearly -1 y ear-low/article504 4 2 2 3 .ece
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On a volatile trading day, the release of the Federal Reserve's minutes pushed U.S. stocks lower Wednesday.
The Dow Jones industrial average fell more than 100 points. It was the Dow's sixth straight day of declines, its worst losing
streak in more than a year. The S&P 500 and Nasdaq also limped into the close and finished the day lower. Both of those indexes
had been in positive territory in late afternoon trading.
Investors had hoped the minutes from the Fed's latest meeting would answer questions about when the central bank would
start to pull back on its bond purchases. They didn't.
The Fed essentially said that it is still looking for continued improvement in the job market, and hinted it may not yet ready to
taper its bond-buying program.
Bond investors did not seem so happy though. The 10-year Treasury yield increased to 2.9% as bond selling picked up following
the minutes.
Investors will now be closely watching the August unemployment numbers, due out on September 6th, for any indication of
improvement in the labor market. Stronger jobs numbers could prove to be a catalyst for the tapering of the stimulus markets
have come to depend on.
Related: Fear & Greed Index driven by FEAR
Home improvement retailers show improvement: Looking at individual stocks on the move, Lowe's ( LOW, Fortune 500)
announced that its quarterly sales and profit rose from a year earlier. The strong results from the home improvement retailer
come a day after rival Home Depot ( HD, Fortune 500) also issued an upbeat outlook thanks to the continued recovery in the
housing market. In another positive sign for housing, existing home sales rose 6.5% in July from the prior month.
Traders on StockTwits liked what they saw at Lowe's.
retail_guru: Pleasing to see Lowe's deliver for once. Sales strong, unsurprisingly tad less than Depot, but margin performance
stronger $LOW $HD
EricSteiman: $LOW shows you that housing restoration is growing
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The retail losers: Target ( TGT, Fortune 500) shares fell even after the retailer announced significant year-over-year gains in
sales. Traders seemed worried about slowing sales growth and a more tepid outlook for consumer spending.
FinancialJuice: Target $TGT CFO says sees FY US same-store sales up only about 1% vs. Prev. view of 2-2.5%
tradersfly: $TGT - toast as well - continues the downward run... http://stks.co/ji5T
Shares of Staples ( SPLS, Fortune 500) dropped more than 15% after the office supply retailer reported lower quarterly sales
and profit compared to the prior year. The CEO blamed the declines on weakness in retail stores and said the company was
working to ramp up its online sales.
Two other niche retailers, teen apparel seller American Eagle Outfitters ( AEO)and pet supply retailer PetSmart (
Fortune 500)also disappointed investors. But some thought the sell-off in PetSmart may be overdone.
PETM,
scheplick: i cant decide what report looks uglier: $AEO or $SPLS ... but i believe that $SPLS has more potential for a turnaround.
$AEO is a dead brand
ClintonSPX: 2 stores next to each other in my neighborhood $SPLS usually empty and $PETM usually busy $SPY
+3LVEDFNIURPWKHGHDG
Hewlett-Packard ( HPQ, Fortune 500) reported its latest earnings after the closing bell. Sales and profits were mostly in line
with forecasts. But the stock fell in after-hours trading. The PC and printer giant is this year's best performer in the Dow as
investors have embraced the turnaround strategy of CEO Meg Whitman.
Related: Indian stocks plunge 11% in a month
World markets: Stocks in India continued to slide. The Mumbai Sensex has fallen by roughly 7% over the past four trading
sessions and the country's currency hit fresh lows versus the U.S. dollar this week. Policymakers have taken some steps to
defend the rupee, but some analysts argue more must be done.
European markets were slightly down at closing, while Asian markets ended with mixed results.
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Fears over a possible U.S. military strike against Syria spooked investors Tuesday.
The Dow Jones Industrial Average and the S&P 500 fell more than 1% while the Nasdaq dropped more than 2%. The sell-off
accelerated as the day progressed and the markets finished near their lows of the day. Global markets also closed lower.
Investors moved into assets deemed "safe," pushing up the prices of gold and U.S. and German government bonds. Oil prices
also surged 3%.
Still, the drop in stocks came during a light day of trading in the late August doldrums. Major U.S. indexes remain up between
13% and 19% in 2013.
Click here for more on stocks, bonds, currencies and commodities
Investors have reason to worry about the stability of the Middle East. They have become increasingly concerned that the U.S.
and its allies are preparing for military action against Syria. Secretary of State John Kerry said Monday that evidence "strongly
indicates" chemical weapons were used in Syria.
Related: Military strikes likely response?
Russ Koesterich, chief investment strategist for BlackRock, called the Middle East one of the most overlooked risks for
investors. If issues escalate throughout the region and push oil prices significantly higher, the already fragile economic recovery
could be compromised.
Home prices keep rising: Syria was dominating the headlines. But U.S. investors got more good news about the housing market.
Prices for homes in the nation's 20 largest cities in June rose 12.1% over the last year. That was down slightly from the previous
month, but still shows that housing continues to rebound.
Related: Fear & Greed Index shows Extreme Fear
Retail rout: Shares of jewelry retailer Tiffany & Co ( TIF) initially rose on better-than-expected quarterly results, but then
closed lower as investors worried about slowing U.S. sales.
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Traders on StockTwits were confused as to the trajectory.
BullsOnParade: $TIF wait, they beat earnings right
AskSlim: $TIF good earnings and guidance. But it gives a top warning- I'm short here.
Shares of electronics retailer Best Buy ( BBY, Fortune 500) fell after its founder Richard Schulze announced that he would
begin selling his stake in the retailer in October. Schulze attempted to take Best Buy private last year but was rebuffed by the
board.
Still as traders on StockTwits noted, it's been a big winner this year, surging nearly 200% year-to-date. Even with Tuesday's
slide, the stock was trading around $35 -- not far from its 52-week high.
Heisenberg: $BBY darling of Wall St 2013
candiswave: $BBY She looks like she wants 40's soon.
Is the Ackman exodus a good thing? Shares in struggling department store operator J.C. Penney ( JCP, Fortune 500) were up
more than 3% at one point Tuesday following the news that activist shareholder Bill Ackman sold his entire stake of more than
39 million shares. But as the day progressed, shares of the retailer dipped with the rest of the market.
Traders on StockTwits at first though Ackman's exit was a good thing. And one joked about the other investment that has hurt
Ackman this year: his bearish bet on nutritional supplement company Herbalife ( HLF). That stock has nearly doubled this
year.
MeanMrMustard: $JCP You knew this bounce was coming after Ackman couldn't bring it down.
MercenaryJack: Ackman loses $504 million on $JCP http://stks.co/dgLk Tell you what, dude knows how to go big. Another big
one lurking? Ahem $HLF cough
No more Facebook Forty: Facebook ( FB) has been surging lately due to optimism about growth in mobile users and
advertising. But the social media company's stock dropped 4% Tuesday. Facebook closed below $40 -- a recent milestone.
Facebook hit that price on its first day of trading and hadn't been back there until late last week.
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Business Markets
Published: August 27, 2013 09:51 IST | Updated: August 27, 2013 23:09 IST
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The rupee slumped yet again to find a fresh depth beyond 66 a dollar on Tuesday, triggering a collapse in stock
markets.
After tumbling to 66.30, the rupee closed at 66.24/25 a dollar. The Indian currency had closed at 64.30/31 on
Monday.
As the rupee dived stocks tanked nearly 600 points on the Bombay Stock Exchange.
The combined effect of the rupee and market fall saw yields on government bonds rise sharply. The benchmark 10year bond yield jumped by 44 basis points to 8.78 per cent, its biggest rise since the Reserve Bank of India unveiled its
liquidity-tightening exercise on July 15. The bond prices have fallen despite the RBI announcing on Monday that it
would buy $1.24 billion worth of government bonds on August 30 through an open market operation.
A depreciated rupee also sent the price of pure gold of 99.5 per cent purity shot up by Rs.820 to a record high of
Rs.32,585 per 10 gram on the Mumbai bullion market. Pure gold of 99.9 per cent purity spurted by Rs.810 to close at
Rs.32,730 per 10 gram. Silver ready rose by Rs.1,940 to finish at Rs.56,670 a kg in Mumbai.
A combination of external and internal factors has done in the rupee. If an imminent western intervention in Syria
sent currencies across Asia hurtling down against the greenback, the passage of a $20 billion plan to provide cheap
grains to the poor by the Lok Sabha on Monday escalated concerns over the ability of the government to control the
rising fiscal deficit. All these hurt rupee, and, as a consequence, the stock markets.
The S&P BSE Sensex closed at 17968.08 with a sharp fall of 590.05 points or 3.18 per cent.
Except information technology stocks, which gained marginally by 0.16 per cent, all other sectoral indices ended in
the red.
Bank stocks were the worst hit with a fall of 5.34 per cent followed by capital goods (4.71 per cent), power (4.51 per
cent), realty (3.95 per cent), PSUs (3.80 per cent), metal (3.52 per cent), fast-moving consumer goods (2.99 per cent),
and automobiles (2.59 per cent).
The Nifty index of National Stock Exchange (NSE), too, dropped by 189.05 points or 3.45 per cent to close at 5287.45.
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With the Lok Sabha giving its approval to provide cheap grains to the poor, there are concerns that Indias fiscal
deficit will balloon further, said Amar Ambani Head of Research India Infoline (IIFL).
Already, the economy was reeling under the impact of a cut in Plan expenditure to contain fiscal deficit. Now, any
spending on food close to the election time will make matters worse for a fiscal deficit, he added.
Selling pressure accentuated fiercely after the rupee tumbled to breach the 66-mark against the dollar. Although
these werent enough, Fitch Ratings has also warned of a downgrade if the country is unable to meet fiscal deficit
target, pointed out Mr. Ambani.
The strength of the dollar is wreaking havoc on the Indian markets. This is even after the government has taken a
steadfast approach to approving infrastructure projects worth Rs.1.83 lakh crore. We expect the market to be rangebound at current levels, said Shrinivas Viswanath, Cofounder, RKSV, a leading broking firm.
Keywords: inter-bank foreign exchange, rupee-dollar trade, forex market, closing trade, NIFTY, NSE
View comment(1)Post Comment
Printable v ersion | Aug 2 8, 2 01 3 4 :2 9 :4 3 AM | http://www.thehindu.com /business/m arkets/stocks-tum ble-as-rupee-hits-record-low/article506 4 03 3 .ece
The Hindu
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Business Markets
Published: August 27, 2013 10:02 IST | Updated: August 27, 2013 16:54 IST
Snapping a three-day rising streak, the BSE benchmark Sensex on Tuesday plunged over 590 points to end below
18,000-level as the rupee nosedived to 66-mark against dollar and concerns related to governments fiscal burden
after the passage of Food Security Bill weighed on sentiment.
Investors lost a whopping Rs 1.7 lakh crore in wealth as across-the-board selling saw over 1,500 stocks closing in red.
Banks, capital goods, power and realty were among the hardest hit as investors pulled out money from blue-chips.
The 30-share Sensex, which had gained 652 points in past three sessions, tumbled by 590.05 points, or 3.18 per cent
to 17,968.08, a level last seen on August 21.
On similar lines, the broad-based National Stock Exchange index Nifty fell below a crucial 5300 level by dropping
189.05 points, or 3.45 per cent to 5,287.45. SX40 index, the flagship index of MCX-SX, closed 391.41 points or 3.55
per cent down at 10629.77.
Brokers said with the rupee hitting a new record low of 66 per dollar in intra-day trade, market participants resorted
to panic selling on concerns over increased capital outflows.
The selling pressure gathered momentum on worries that the Food Security plan would worsen governments fiscal
burden while a weakening global trend on growing tension in Syria and surging oil prices also weighed, brokers
added.
In 30-share Sensex pack, 27 stocks fell. HDFC Ltd dropped 7.70 per cent to Rs 686.86, HDFC Bank by 8.04 per cent to
Rs 560.90, SBI by 2.40 per cent to Rs 1,519.90 and ICICI Bank by 3.26 per cent to Rs 803.30.
Among others, Reliance Industries, Sun Pharma, ONGC, NTPC, Maruti Suzuki, Mahindra and Mahindra, BHEL,
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Larsen and Toubro, Bharti Airtel, ITC, Coal India and Hindal suffered heavy losses.
Bucking the general weak trend, stocks of software exporting companies led by Infosys and Tata Consultancy gained
on hopes the strong rupee would boost their revenues.
The banking index suffered the most by losing 5.34 per cent to 10,108.72 followed by capital goods by 4.71 per cent to
6,980.68. Power index fell by 4.51 per cent to 1,355.43 and realty index by 3.95 per cent to 1,186.88.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock
markets, opening trade
Printable version | Aug 28, 2013 3:18:45 PM | http://www.thehindu.com/business/markets/sensex-crashes-590points/article5064047.ece
The Hindu
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Is it September yet?
Investors said goodbye to a brutal August, the cruelest month for stocks during an otherwise sunny 2013.
The Dow Jones Industrial Average and the S&P 500 lost between 3% and 4.5% this month. But they are still up between 13%
and 15% for the year.
The Nasdaq held up better in August, dropping only 1%. The tech-heavy index has gained nearly 19% year-to-date.
Speculation that the Federal Reserve may cut back on, or taper, its monthly bond purchases as soon as September has made
investors nervous.
Click here for more on stocks, bonds, currencies and commodities
August has been painful outside of the U.S. too -- and particularly for emerging markets. India's Sensex and Mexico's Bolsa both
lost nearly 4% in August. Brazil's Bovespa index moved up nearly 4% but trading has been extremely volatile. The Fed tapering
talk has caused foreign investors to flee emerging markets.
Japan's Nikkei index and Britain's FTSE index are both down roughly 2% in August.
China has been a rare bright spot on the global landscape. The Shanghai Composite was up 5% in August, while the tech-heavy
Shenzhen index (kind of like China's Nasdaq) rose nearly 6%.
Click here for more on world markets
All three U.S. stock indexes closed lower Friday and ended the week down nearly 2%.
Volume was been low all week, which is typical for late August. The U.S. markets will be closed Monday for Labor Day.
Investors kept a close eye on the Middle East. The threat of a U.S.-led military strike on Syria dominated the headlines earlier
this week, pushing stocks lower and oil and gold higher.
Actions on Syria do not appear imminent, but investors are watching the situation closely. On Friday afternoon, President
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Killed by the cronut? Krispy Kreme (
its full-year guidance Thursday.
KKD) shares dove 15% after the doughnut maker missed earnings estimates and lowered
Still the stock has more than doubled in 2013. Some traders on StockTwits remain optimistic about Krispy Kreme.
SPEWHEFNER: $KKD will be fine. Earnings were not that bad. Blame analysts for setting higher than necessary expectations. I
see this bouncing back.
nickndfl: $KKD I like the original glazed. Good stores in Daytona and Ft. Lauderdale. Just watching the stock go lean.
Related: Fear & Greed Index shows Extreme Fear
Shares of energy producer Apache ( APA, Fortune 500) soared after it announced it was selling a 33% stake of its oil and gas
holdings in Egypt to China's Sinopec ( SHI) for $3.1 billion.
Traders on StockTwits liked everything about the deal.
ESCapAdv: $APA surprises analysts with impressive price in Egypt asset sale
teddyballgame: $APA finally doing the right thing and spreading some Egyptian risk to China. About time!
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Business Markets
Published: September 3, 2013 16:36 IST | Updated: September 3, 2013 22:49 IST
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The worsening domestic macro-economic situation and the war tensions in the Middle East pulled down stock indices
around 3.5 per cent while the rupee slid below 68 to the U.S. dollar on news that Standard & Poors is considering a
downgrade of Indias credit rating which would position it only higher than Indonesia.
The Bombay Stock Exchange (BSE) 30-Share Sensitive Index (Sensex) dipped by 651.47 points or 3.45 per cent to
close at 18,234.66.
The worst affected were: banking stocks which lost 5.06 per cent, followed by consumer durables (4.61 per cent),
realty (4.39 per cent), fast- moving consumer goods (3.89 per cent), oil & gas 3.63 per cent and capital goods (3.62 per
cent). All sectoral indices closed in the negative territory.
It was not surprising. Of late, volatility has increased substantially because of the passage of Food Bill in the Rajya
Sabha, the risk of fiscal balance eroding badly, and, therefore, the threat of rating down grading also increasing, said
G. Chokkalingam, Chief Investment Officer, Centrum Wealth Management Ltd.
Till next elections , we see continued volatility with a negative bias, Mr. Chokkalingam added.
BSE mid-cap stocks lost 1.86 per cent, and small-cap 0.95 per cent.
Among the broad-based indices, BSE-100 closed down by 3.44 per cent, BSE-200 by 3.29 per cent and BSE-500 by
3.15 per cent.
On the National Stock Exchange (NSE), 50-share Nifty closed at 5341.45 with a loss of 209.30 points or 3.77 per cent.
Everything started with a rumour in the market that U.S. has attacked Syria. The general mood of the market was
nervous, and this destabilising news created panic. There are enough reasons, both internal and external, for the
market nervousness, and this rumour was the last straw to break the camels back, said Sudip Bandyopadhyay,
Managing Director and CEO of Destimoney Securities
The RBIs intervention, however, helped rupee to recover from 68 levels to close at 67.63/64 a dollar, compared to its
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Business Markets
Published: September 12, 2013 10:08 IST | Updated: September 12, 2013 11:38 IST
The BSE benchmark Sensex on Thursday dropped 116 points in late morning trade after hitting the 20,000 level after
fresh selling in banking, auto, IT, teck and metal stocks.
The BSE 30-share barometer Sensex opened higher at 20,046.05 points and advanced further to 20,052.05 on initial
buying in view of persistent foreign capital inflows.
However, it declined afterwards to 19,834.17 before quoting 19,881.04 points at 1030 hours, showing a loss of 116.41
points or 0.58 per cent from its last close.
The NSE 50-share index Nifty also moved down by 39.50 points, or 0.67 per cent, to 5,873.65 at 1030 hours.
Major losers were Hero Motocorp (2.91 pc), Sesa Goa (2.36 pc), HDFC Bank (2.25 pc), ICICI Bank (1.94 pc), HUL
(1.72 pc), Hindalco (1.57 pc) and M&M (1.33 pc).
Foreign institutional investors (FIIs) bought shares worth a net Rs 586.50 crore yesterday, as per provisional data
from the stock exchanges.
Most Asian stock markets saw modest gains in their early trade with energy stocks offering a bright spot after an
increase for oil futures, though Japanese shares lagged.
Key benchmark indices in Taiwan, Hong Kong, China, South Korea and Singapore rose by 0.05 to 0.6 per cent while
indices in Indonesia and Japan fell by 0.26 to 0.47 per cent.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock markets, midsession trade
Printable version | Oct 14, 2013 6:00:59 AM | http://www.thehindu.com/business/markets/sensex-drops-116-pointsafter-hitting-20000-level/article5119203.ece
The Hindu
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Stock indices dipped on Thursday as the 30-share S&P BSE Sensex lost more than 200 points, even though foreign
institutional investors (FIIs) were net buyers.
The rupee also weakened in a highly volatile trading.
The rupee closed at 63.50 a dollar compared to its previous close of 63.38.
It moved in a range of 62.92-63.95.
After five straight days of gains, the rupee showed weakness today [Thursday]. Despite appreciating to below 63 in
early trading, the rupee has weakened and is trending between 63 and 64, said Raghu Kumar, co-founder RKSV, a
leading broking firm.
The markets should see a somewhat range-bound rupee until the Federal Open Market Committee (FOMC) meets
next week to discuss whether it should scale down its bond buying program, said Mr. Kumar, adding, if the Federal
Reserve does decide to taper down the stimulus program, we could see a sharp depreciation in the rupee.
The S&P BSE sensex lost 215.57 points to close at 19781.88 with metal stocks losing the most at 2.53 per cent followed
by banks (1.86 per cent), consumer durables (1.84 per cent), automobiles (1.80 per cent) oil & gas (1.68 per cent) and
PSUs (1.58 per cent). Except realty stocks, which gained marginally by 0.54 per cent and fast moving consumer goods
at 0.32 per cent, all other sectoral indices ended in the red. On the National Stock Exchange, the 50-share Nifty closed
at 5850.70 with a loss of 62.45 points.
Although global cues were mixed, Indian equities started the day on a weak note. Selling pressure intensified as the
day progressed, said Sanjeev Zarbade, Vice-President-Private Client Group Research, Kotak Securities.
Metal stocks losing the most at 2.53 per cent followed by banks (1.86 per cent).
Printable version | Oct 14, 2013 6:01:58 AM | http://www.thehindu.com/todays-paper/tp-business/sensex-sheds216-points-as-rupee-weakens/article5122188.ece
The Hindu
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Business Markets
Published: September 20, 2013 09:37 IST | Updated: September 20, 2013 11:51 IST
Stock markets on Friday tanked by 2.7 per cent soon after the Reserve Banks policy announcement in which it hiked
the repo rate by 0.25 per cent.
The BSE benchmark Sensex crashed over 559 points to 20,087.44 soon after the mid-quarter policy by the RBI.
The repo rate has been increased by 25 basis points to 7.5 per cent from 7.25 per cent with immediate effect.
The National Stock Exchanges Nifty fell 2.48 per cent to 5,963.65.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock
markets, opening trade
Printable version | Oct 14, 2013 6:05:46 AM | http://www.thehindu.com/business/markets/sensex-falls-over-500points-on-rbi-policy/article5149010.ece
The Hindu
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More uncertainty. That's what investors will be faced with for the next few months. And we all know how much the market
hates uncertainty.
A glut of unanswered questions pushed the Dow Jones Industrial Average down more than 180 points Friday. The S&P 500 and
Nasdaq closed down between 0.4% and 0.7%.
The selling spread beyond stocks. Oil prices fell more than 1%, and gold dropped nearly 3%. European markets and Asian
markets were mixed.
So what are the biggest questions for investors?
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Good news had helped the Dow and S&P hit record highs earlier in the week. Even with Friday's sell-off, stocks ended the week
up between 0.5% and 1.3%.
Investors got a momentary respite from a barrage of worries. The Fed pleasantly surprised the market Wednesday by deciding
to hold off on tapering its quantitative easing program. And the threat of a U.S. strike in Syria no longer appears imminent.
But traders clearly seemed more worried heading into the weekend.
Related: Crowds gather for new iPhones
Blackberry's woes get worse: Shares of BlackBerry ( BBRY) dropped more than 17% after the company announced losses of
nearly $1 billion for its second quarter and plans to cut 4,500 jobs.
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iPhone fumbles? The lines may have been long for Apple ( AAPL, Fortune 500)'s newest iPhones, but investors aren't racing to
buy up Apple's stock. It's down more than 33% over the past year, and as sales for the latest iteration of the iPhone kicked off in
stores in the U.S., China and seven other countries Friday, Apple's stock moved down another 1%.
One trader on StockTwits thinks the long lines might actually mean that there's room for the stock to run: "$AAPL Being
accumulated like Chess rivals pieces by Kasparov, (despite mkt sell off)," said Bizfinder. But another trader isn't so sure: "$AAPL
Just gonna assume that a 'positive surprise' is not possible now and that the good news has been baked in for the weekend,"
wrote jarym.
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Darden Restaurants ( DRI, Fortune 500), which operates the Olive Garden and Red Lobster chains, reported weaker-thanexpected sales and profits. Darden also said it's planning workforce reductions. The stock slipped more than 7%. One trader
suggested this could be a bad sign for the economy. Consumers may be pulling back.
"Olive Garden used to be the go-to chain for the middle class. What's happened? Red Lobster SSS also down 5.2%. No splurging.
$DRI," said TraceyRyniec.
Related: Fear & Greed Index is getting greedy once again
The all-time high club: A slew of companies hit all-time highs, including Netflix (
Fortune 500), and Facebook ( FB).
Priceline's (
NFLX), Tesla (
TSLA), Amazon (
AMZN,
PCLN) stock continued to rise as well. It appeared set to finish above $1,000 a share for the second straight day..
Two IPOs off like rockets: It was a great day for companies with incendiary themed names to debut.
Shares of ad buying platform Rocket Fuel (
prices.
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Business Markets
Published: September 23, 2013 10:19 IST | Updated: September 23, 2013 23:06 IST
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Investors deserted bank stocks and the rupee weakened against the dollar on Monday after the Reserve Bank of India
(RBI) hiked rates last week despite the wide spread expectation that the Governor Raghuram Rajan would effect a
reduction in order to boost growth.
The rupee closed at 62.60 per dollar after touching a low of 62.73 intra-day. The rupee closed at 62.23 on Friday. In
the offshore non-deliverable forwards (NDF) the one-month contract was at 63.39 per dollar and the three-month was
at 64.52.
The BSE 30-share sensitive index (Sensex) tanked by 362.75 points to close at 19900.96 as bank stocks, which are
rate sensitive, tumbled by 4.41 per cent followed by realty (4.33per cent), capital goods (3.28 per cent), PSUs (2.56 per
cent) and power (2.26 per cent).
Except consumer durables, which gained 2.36 per cent, information technology (0.91 per cent), and technology (0.43
per cent), all other sectoral indices ended in the negative territory.
Post RBIs monetary policy review, the markets have become negative and profit booking continues unabated. Global
markets also will remain jittery on account of U.S. debt ceiling related political confusion up to September 30, said
Sudip Bandyopadhyay, Managing Director and CEO, Destimoney Securities.
Domestic bond yields have also turned extremely volatile on the back of large Government borrowing programme.
This also has been putting pressure on Indian markets, Mr. Bandyopadhyay added.
On the National Stock Exchange (NSE), the Nifty closed at 5889.75 with a loss of 122.35 points .
Amid mixed global cues, domestic bourses remained under pressure on Monday and lost nearly two percent after a
negative start. It seems that traders were readjusting their short-term positions after the recent developments and
offloading stocks from interest rate sensitive sectors. The uneasiness is mainly due to the underperformance and
present level volatility in these sectors, said Jayant Manglik, President-Retail Distribution, Religare Securities.
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Is the September rally over? Investors were acting cautiously Monday as lawmakers in Washington continue to battle over a
budget deal.
The Dow Jones industrial average, S&P 500 and Nasdaq declined modestly.
Unless a compromise is reached during the next week, the government is poised to shut down at the start of October. While
investors don't typically worry too much about a shutdown, the political wrangling and gridlock ahead of the budget, as well as
the looming debt ceiling deadline may cause some volatility in markets, according to experts.
"We suspect a budget showdown in Washington will likely weigh on global markets for the next several weeks," said Craig
Johnson, senior technical research strategist at Piper Jaffray. But he added that any weakness in stocks would be a buying
opportunity, as he doesn't believe either Democrats or Republicans would let the country default on its debt.
The budget fight overshadowed positive global economic news, as new data from HSBC showing China's manufacturing sector
expanded at the fastest pace in six months.
Related: How a shutdown could affect the economy
The Federal Reserve also remained in focus, following last week's decision to hold off on its plans to taper its bond buying
program.
In a speech Monday, New York Fed President William Dudley said he would "like to see news that makes me more confident
that we will see continued improvement in the labor market" before cutting back on the central bank's stimulus program.
BlackBerry buyout: BlackBerry ( BBRY) announced Monday afternoon that its largest shareholder, Fairfax Financial, was
leading a group to acquire the troubled company for $9 a share. After a brief trading halt, shares initially surged 5% to above the
$9 takeover price. But the stock quickly trimmed those gains and ended only 1% higher.
The $9 price tag is slightly above where shares traded earlier Monday, but below where the stock was Friday just before
BlackBerry shocked investors with the news that it would slash 40% of its workforce and also warned of a $1 billion quarterly
loss.
What's moving: Apple (
AAPL, Fortune 500) shares jumped after the company said it sold a record 9 million iPhone 5S and
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iPhone 5C devices worldwide during the first three days the phone went on sale. Apple was the biggest winner in the S&P 500.
"$AAPL Maybe $BBRY should put out a Gold model too....," quipped StockTwits user Lach14.
Apple also said that 11 million listeners have tuned into iTunes Radio since its launch last week as part of the new iOS 7. Shares
of Pandora ( P) declined sharply on the news.
"$P The problem I see with Pandora is where it can innovate from here," said StockTwits user Duckid. "With such a big wall up I
don't see them pulling away iRadio users."
Financial stocks were among the worst performers, with shares of Citigroup ( C, Fortune 500), Goldman Sachs (
500), JPMorgan Chase ( JPM, Fortune 500) and Bank of America ( BAC, Fortune 500) down more than 2%.
GS, Fortune
Monday marks the first day that Bank of America, as well as Hewlett-Packard ( HPQ, Fortune 500) and Alcoa ( AA, Fortune
500) are no longer included in the Dow. But the newest components weren't helping the Dow's performance. Goldman Sachs
was the Dow's biggest laggard, while Nike ( NKE, Fortune 500) and Visa ( V, Fortune 500) were down about 1%.
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Netflix ( NFLX) shares also slid, but only after hitting a record high earlier in the day. On Sunday, director David Fincher won
an Emmy Award for his work on Netflix's "House of Cards" series. The Emmy win was the first for a TV show that only airs
online.
"$NFLX 430% up in 1 year, will give up on some of that gain. Smart money selling...Bearish," said StockTwits trader FreeFall.
TradeAssassIn added that "$NFLX Carl [Icahn] has to be selling here."
Icahn took a 10% stake in the streaming video company in October. But as recently as two weeks ago, the billionaire investor
said he hadn't sold a single share of the company.
Related: Fear & Greed Index, still greedy
European markets closed lower, despite German chancellor Angela Merkel's big victory in Sunday's elections. Stocks dipped
after eurozone purchasing managers had reported slightly stronger-than-expected growth in manufacturing and services.
Asian markets ended mixed. The Shanghai Composite index rose by 1.3%. Hong Kong's Hang Seng index fell after being closed
in the morning because of Typhoon Usagi. The Tokyo Stock Exchange was closed for a holiday.
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10/15/13
Oil Futures Settle Lower as Gasoline Hits Fresh 2013 Low - WSJ.com
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By David Bird
NEW YORK--Crude-oil futures settled Monday at their lowest levels in nearly seven
weeks as tensions over Syria eased and seasonally weak gasoline futures fell to a
new 2013 low.
Traders said props under gasoline-futures prices have disappeared as the peak
summer-demand season has shifted into autumn.
The price of reformulated gasoline blendstock for October delivery dropped for the fifth
time in the six days and settled at the lowest level since mid-December for the
second time in a week.
The blow dealt to crude-oil prices by weak gasoline accompanied a flurry of stinging
swipes that have sent front-month crude prices lower for the past three sessions.
These include an easing of tensions with Syria, which this weekend turned over an
inventory of its chemical-weapons arsenal to international inspectors, higher oil flows
from Libya and expectations of a seasonal downturn in crude-oil demand due to
refinery maintenance work.
Light, sweet-crude oil for November delivery on the New York Mercantile Exchange, in
its first day as the front-month contract, settled down 1.1%, or $1.16, at $103.59 a
barrel. That's the lowest front-month price since Aug. 8.
ICE North Sea Brent crude oil for November settled 1%, or $1.06 a barrel, lower at
$108.16 a barrel, also the weakest price since Aug. 8.
T r en di n g: $ 1,100
Gol d i Ph on es,
Ea t i n g Gi a n t
Sn a i l s
After weeks of disruptions to oil exports caused by labor disputes, Libya, in recent
days said it was able to reopen to key ports. This will allow Libya's oil production to
climb back to one million barrels a day soon, about double recent levels, but less than
its previous 1.4 million barrels a day flow, said Michael Wittner, head of commodities
in the Americas for Societe Generale.
online.wsj.com/article/SB10001424052702304713704579092481783678034.html
Opi n i on : A
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Hea d t h e Fed
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Senate Leaders in
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of a Deal
Some analysts see continued weakness in crude, given the reduced demand from
U.S. refiners and easing of supply concerns.
Addison Armstrong, senior director for market research at Tradition Energy in
Stamford, Conn. said he believes U.S. benchmark crude is likely to drop "below $100
fairly soon" and maybe as low as $95, a level it last settled at in June. He sees Brent
crude dropping to "around $100." It hasn't settled below that level since April.
WSJ Pi cks: T h e
Best Ph ot os of
Sept em ber
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Oil Futures Settle Lower as Gasoline Hits Fresh 2013 Low - WSJ.com
Over the weekend, Syria handed over to international authorities a full inventory of its
chemical-weapons arsenal, a requirement of a negotiated end to a tense dispute
pitting the U.S. against Russia. In a Moscow-led pact, Syria agreed to hand over its
chemical weapons, avoiding a threatened U.S. air strike that had raised tension over
potential further instability in the crucial region for oil exports.
Meantime, U.S. refiners who have been keeping crude-oil processing rates high to
meet export demand for diesel fuel and gasoline, are expected to reduce operations
for seasonal maintenance work. Analysts said this could be a drag on crude prices in
coming weeks.
Americans Win
Economics Nobel
For Market
Opinion: Richard
D. Kahlenberg: A
Fresh Chance to
Rein in
The Energy Information Administration projects U.S. refiners could cut back crude
runs to 14.84 million barrels a day in October, from current levels near 16 million
barrels a day.
U.S. gasoline and diesel-fuel inventories now stand at 10% and 16% above yearearlier levels, keeping pressure on prices of those products.
October-delivery RBOB gasoline settled 2.3%, or 6.12 cents lower, at $2.623 a gallon,
the lowest price since last Dec. 13. In five of the past six days, prices have dropped
14.66 cents, or 5.3%.
Show 5 More
Heating-oil futures for October delivery, which trade as a proxy for diesel fuel, settled
1.6%, or 4.8 cents, lower, at $2.9562 a gallon. Prices fell for the fifth time in seven
sessions, ending at the lowest level since July 3. Prices dropped more than 16 cents
a gallon in that span.
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6WRFNVVWDOOLQJRQJRYHUQPHQWVKXWGRZQIHDUV6HS
The Dow Jones Industrial Average and S&P 500 closed slightly lower. Both indexes have now suffered four straight days of
losses. The Nasdaq ended in positive territory ... but just barely.
Housing continues to rebound: There were more positive signs from the housing market. Home prices continued to climb in
July, according to S&P/Case-Shiller data.
Homebuilder Lennar ( LEN) reported a boost in quarterly earnings and revenue compared to the year-earlier quarter, with a
significant increase in new-home orders. KB Home ( KBH) also beat expectations for its earnings.
Related: 'Made in America' revival gains pace
Facebook on fire: Facebook ( FB) shares rose nearly 3% and hit a new all-time high. The stock, which only recently topped its
previous record of $45 from its IPO day, is now flirting with $50 a share. An analyst at Citigroup upgraded the stock to a "buy."
There are also reports that China may soon loosen some of its Internet restrictions, which could pave the way for Facebook to
enter the world's most populous market.
There's still lots of skepticism about the social media giant's future. "$FB is valued @$120B and $AMZN @$144B. Amazon has
assests and Facebook has office n chairs. Go figure." StockTwits trader mecka wrote.
But another trader sees only upside from here: "$FB wait for it.. Wait for it... It's going to go much higher." wrote duke2duke.
Online travel site Priceline ( PCLN) continues to hit new highs, after recently topping $1,000. Priceline is the first stock in the
S&P 500 with a price in the four digits.
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Carnival's (
CCL) stock plunged after the cruise operator reported a drop in profits.
Beleaguered retailer J.C. Penney ( JCP, Fortune 500) hit a new 52-week low Tuesday, as investors fear a slower-than-expected
back to school season and worry about whether the company needs more cash.
"JCP stock is still ugly says @alyssaoursler. Here's why you should stay away. $JCP http://stks.co/imRO Bearish," wrote
InvestorPlace.
Another trader made light of the free haircuts for kids that former CEO Ron Johnson launched in the store.
"if they just turned the business into a full blown hair salon I think we would see a recovery $JCP," joked mytfine.
Related: Fear & Greed Index is back in neutral
Chip equipment maker Applied Materials ( AMAT, Fortune 500) announced a $29 billion merger with Tokyo Electron Limited
"to create a global innovator in semiconductor and display manufacturing technology." Shares of Applied Materials rose 9% on
the news.
Shares of Red Hat (
RHT), a business software maker, fell due to concerns about sales growth for the rest of the year.
BlackBerry ( BBRY) announced late Monday that its largest shareholder, Fairfax Financial, was leading a group to acquire the
troubled company for $9 a share. Blackberry shares edged down more than 3% Tuesday and remain below the $9 mark.
European markets closed higher. The latest German business sentiment data shows confidence continued to improve in
September. Asian markets ended the day with small losses.
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Business Markets
Published: September 25, 2013 14:03 IST | Updated: September 25, 2013 23:19 IST
37,
Value-buying in blue-chips in the last one and half hours of trade helped Sensex recoup some losses to end at 19,856.24, down 0.32 per
cent.
The Bombay Stock Exchange (BSE) 30-share sensitive index closed with a loss of 63.97 points at 19856.24.
On the National Stock Exchange, the 50-share Nifty closed at 5873.85 with a loss of 18.60 points. After the Tuesdays
range bound session, the markets were seen starting on flat note on Wednesday but selling pressure in the index
majors dragged Nifty to crucial support zone of 5800.
It was seen as reaction to the government stance announced on Tuesday to avoid any further steep rise in fuel prices.
In import bill, the import of petroleum products holds a sizable portion and this step would further deepen the fiscal
deficit as the government partially reimburses the public sector oil marketing companies (OMCs) for selling fuel on
discounted rate, said Jayant Manglik - President Retail Distribution, Religare Securities Ltd.
In the later half, however, the situation improved when the rupee recovered quite strongly against the dollar and the
equity markets pared losses considerably. It closed down by less than half a percent with mixed move on sectoral
front.
Keywords: Sensex, Nifty, BSE, NSE, Asian bourses, closing trade
Printable version | Oct 14, 2013 6:07:44 AM | http://www.thehindu.com/business/markets/sensex-drops-64-pointsahead-of-derivatives-expiry/article5166633.ece
The Hindu
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Stocks hit all-time highs just a week ago, but concerns over developments in Washington have kept the market from climbing
much higher.
The Dow Jones Industrial Average, S&P 500 and Nasdaq closed lower Wednesday, making it a five-day losing streak for stocks.
Most global stock indexes ended in the red as well.
There are concerns that Congress will be unable to adequately deal with the country's debt ceiling woes, which means the
government risks defaulting on its debt next month. Treasury Secretary Jack Lew warned Tuesday that Wall Street should take
the looming debt limit more seriously and wrote in a letter to Congress Wednesday that the debt ceiling would be reached no
later than October 17.
Related: Fear & Greed Index slides into fear
Investors also considered the possibility that the U.S. government might shut down on Oct. 1, which could hit economic growth.
On the economic front, durable goods orders rose more than expected in in August. And new home sales rose at a faster clip than
anticipated last month.
What's moving: Shares of Yahoo ( YHOO, Fortune 500) edged slightly higher on reports that Chinese Internet company
Alibaba is moving forward with an initial public offering in New York. Yahoo is one of Alibaba's top shareholders. Yahoo's stock
has surged this year due to speculation about an Alibaba IPO as well as investor enthusiasm for the turnaround strategy of CEO
Marissa Mayer.
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It's another bad day for J.C. Penney ( JCP, Fortune 500). The stock hit a 13-year low as investors grow increasingly concerned
about the future of the iconic American retailer. Several analysts are predicting that it did not have a good back to school
shopping season, and that sales continued to plummet in late August and early September.
Investors had already been spooked by reports that J.C. Penney might be seeking to raise more cash through the sale of new
stock or bonds. "$JCP This is like the sinking titanic, the ship has already cracked in half and is going vertically down now,"
StockTwits trader win2betmore wrote.
But some were more optimistic about the holiday season ahead: "$JCP will be the biggest turnaround story in history," wrote
leofig123.
Going the opposite direction, Facebook (
to a new all-time high on Tuesday.
FB) stock continued to flirt with the $50 level, rising more than 2% after a 4% jump
"If today's open in the green isn't enough to convince you a shooting star in $FB only takes out the nervous traders, nothing will,"
duke2duke wrote.
Another trader was wondering when the stock might finally top $50.
"$FB like a time bomb.. tick tock.. buyers better assert themselves SOON here," wrote financialtrader.
BlackBerry ( BBRY) shares fell another 6%, still reeling from its announcement earlier this week that its largest shareholder,
Fairfax Financial, was leading a group to acquire the troubled company for $9 a share.
Shares of Carniva ( CCL)l also dropped another 5%. The cruise company's stock plunged on Tuesday as well after reporting
dismal earnings and a weak outlook.
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Business Markets
Published: September 27, 2013 09:58 IST | Updated: September 27, 2013 23:03 IST
$YLHZRIWKH%6(EXLOGLQJLQ0XPEDL)LOHSKRWR
37,
The stock indices dipped and rupee ended weaker against the dollar on Friday as the Reserve Bank of India (RBI)
Governor Raghuram Rajan said that the inflation was remaining at a higher level. Mr. Raghuram Rajan, who was in
Frankfurt to receive the Deutsche Bank prize for Financial Economics 2013, said there is still some inflation in India
after stripping out the effects of food and energy and other factors are also driving prices higher.
Markets participants were also cautious as they were expecting the current account deficit (CAD) number for the
June quarter on Monday, September 30.
Keywords: BSE, NSE, Sensex, Nifty, global cues, rising rupee
Printable version | Oct 14, 2013 6:08:16 AM | http://www.thehindu.com/business/markets/sensex-down-167points/article5174252.ece
The Hindu
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Political leaders in Washington are not inspiring much confidence lately. And because of that, investors have been shying away
from the stock market.
A possible government shutdown and a rapidly approaching debt limit could prevent the government from paying all its bills.
With several Congressional crises brewing, the Dow Jones Industrial Average, the S&P 500 and Nasdaq fell slightly Friday.
The Dow and S&P 500 finished the week down more than 1%. It's the first losing week for those two indexes in September. But
the Nasdaq managed to eke out a tiny gain for the week.
Related: Click here for more on stocks, bonds, currencies and commodities
But while stocks have stalled a bit lately, investors aren't exactly panicking. The recent slump comes just a week after the Dow
and S&P 500 hit record highs. All three major indexes are still up between 16% and 25% for the year.
Most investors expect Congress will strike a last-minute deal to raise the debt limit.
Related: Investors pricing in last minute debt deal
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"$NKE buy and hold this baby. DO NOT day trade," TrueChartTrader wrote on StockTwits. "$NKE keep running," added gabbs.
J.C. Penney ( JCP, Fortune 500) shares sank 14% on news that the struggling retailer will raise $810 million via a public
offering of 84 million shares. While this money will give J.C. Penney a cash cushion for its attempted turnaround, current
shareholders will see their stock diluted.
Some traders are still bullish though. "$JCP. S&P said credit rating remains the same and they expect proceeds to be $925
million. Go Long. Bullish," TechTrader17 wrote on StockTwits.
But not everyone is convinced of a turnaround. "I would consider buying $JCP here if I had any faith in the management team which I do not, they are a feckless bunch of scatter brains," FairOaksTrader commented.
BlackBerry ( BBRY), which announced plans this week to go private, released dismal earnings Friday morning, including a
$965 million quarterly loss. Still, these losses were widely anticipated, since BlackBerry had preannounced results late last
week. The company's stock rose 1%.
Related: Fear & Greed Index back in fear mode
Hitting new highs: Yahoo ( YHOO, Fortune 500) rose to its highest level since late 2007, while Facebook (
surge and hit another all-time high.
Alan Mulally drove the share prices of Ford and Microsoft Friday. Ford's ( F, Fortune 500) CEO, widely credited for the auto
maker's turnaround, was cited as a possible successor to Microsoft ( MSFT, Fortune 500) CEO Steve Ballmer by the tech blog
AllThingsD. Microsoft's stock rose, while Ford's dipped.
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Business Markets
Published: September 30, 2013 10:00 IST | Updated: September 30, 2013 20:56 IST
The rupee fell further by nine paise on Monday to an almost one-week low of 62.60 against the dollar amid demand
for the U.S. currency from importers and weak equities ahead of data on key economic indicators, including the
current account deficit.
While fresh capital outflows also weighed on the rupee, the local currencys decline was restricted by some weakness
in the dollar overseas on concerns of a US budgetary impasse.
The rupee opened lower at 63 a dollar from Fridays close of 62.51 at the interbank foreign exchange market. It
declined to a low of 63.03 on month-end dollar demand from importers, mainly oil refiners, and sluggish domestic
stocks.
However, fresh dollar selling by exporters and a drop in the dollar overseas helped lift the rupee to a high of 62.50
before it settled at 62.60, a loss of nine paise or 0.14 per cent. Last Friday, it had plunged by 44 paise.
This was the lowest level since September 24 (62.75).
However, the rupee gained 310 paise or 4.7 per cent in September the first monthly gain since April.
It was seen depreciating ahead of the key data which includes June quarter CAD data and the fiscal deficit for the
April-August period, said Abhishek Goenka, CEO of India Forex Advisors. The slump in the global stock markets
and Asian currencies contributed to the weakness in the Indian rupee.
The 30-share S&P BSE Sensex plunged 347.50 points or 1.76 per cent as global markets sank, with the US bracing for
a government shutdown and Italian Prime Minister Enrico Letta calling a parliamentary vote of confidence on
Wednesday.
FIIs sold a net Rs 244.95 crore of shares last Friday, according to provisional data with the stock exchanges.
The dollar index, which tracks the currency against a basket of six major currencies, was down by 0.02 per cent.
Government data released after the markets closed showed the CAD widened to 4.9 per cent of GDP in April-June
quarter.
Pramit Brahmbhatt, CEO of Alpari Financial Services (India) said: The dollar came under pressure today...as a
potential US government shutdown possibility was seen, while the euro was separately pressured by the threat of fresh
Italian elections.
Keywords: inter-bank foreign exchange, rupee-dollar trade, forex market, opening trade
Printable version | Oct 14, 2013 6:11:45 AM | http://www.thehindu.com/business/markets/rupee-down-9-paiseagainst-dollar/article5184717.ece
The Hindu
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Investors don't want to wait and see if lawmakers can reach a deal to avoid a government shutdown at midnight. They just sold.
The Dow Jones Industrial Average dropped more than 128 points, or nearly 1%, on Monday. The S&P 500 and the Nasdaq
closed the day with losses as well.
October sell-off coming? Despite Monday's slide, the three major indexes are still up between 15% and 24% for the year. The
Dow and S&P 500 are up between 2% and 3% in September alone, and hit record highs just two weeks ago. All three indexes are
up for the quarter, led by the Nasdaq, which has risen 11%.
But some strategists are predicting that stocks could fall further if the government closes up shop -- even if it's only a brief
shutdown.
Related: 8 things you need to know about the debt ceiling
Citigroup analyst Tobias Levkovich said that the "rancorous debate in Washington" coupled with slowing economic growth
could push the S&P 500 down to 1600, a drop of more than 5% from its current level.
Levkovich and several other analysts also expect companies to cut their 2014 profit forecasts when they report third quarter
earnings over the next few weeks. That could be another wake up call for investors, who had been bullish all year despite some
big risks.
Related: Fear & Greed Index shows investors are becoming increasingly fearful
The shutdown isn't the only thing in Washington that investors are worried about. Stocks have pulled back recently as the U.S.
gets closer to hitting the debt ceiling. If Congress fails to increase the debt limit, the U.S. government won't be able to pay all of
its bills later this month.
Fear and volatility spike: The Chicago Board Options Exchange's Volatility Index ( VIX), a key gauge of market volatility more
commonly known as the VIX, has risen nearly 10% in each of the past two trading sessions. But it's still a relatively low 17 -- far
below the mid-40s range it traded at when Standard & Poor's downgraded the U.S.'s credit rating in 2011.
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But investors do seem more nervous lately. CNNMoney's Fear & Greed Index has moved deeper into Fear mode and is getting
close to Extreme Fear levels. The index was Neutral just a week ago.
Related: Obamacare and biotech boost health care stocks
What's moving: Shares of Apple ( AAPL, Fortune 500) dropped more than 1% as investors waited for details about CEO Tim
Cook's reported lunch meeting with activist investor Carl Icahn. Traders weren't holding out hope for any good news though.
"$AAPL..if the traders" in the know" really thought there would be fireworks at their lunch meeting, many more calls would be
trading," wrote StockTwits commenter christopherbrecher.
Investors also weren't wowed by news that Apple was named the "best global brand" by Interbrands.
J.C. Penney ( JCP, Fortune 500) dipped nearly 3%. The retailer, which has been hemorrhaging money, announced last Friday
that it had raised roughly $810 million through a public offering. Shares are trading near lows not hit since late 2000. Traders
still have a bleak outlook for the company.
"$JCP imho if this Q4 is not good at all, $JCP would be def done. Even if Q4 were good, they would still be struggling for a long
time," StockFan123 wrote.
Shares of Chipotle Mexican Grill (
Noted short seller David Einhorn has said he's betting against the stock, and some traders continue to agree with Einhorn -despite Chipotle's rally.
"$CMG at a multiple of 40 times earnings, this burrito maker is due for a substantial pullback," commented
contrarianspeculator. "Waiting for Einhorn to pounce on this one again."
"$CMG there is more hedge $$ that sees this as an epic short than even a luke warm long...don't kid yourself," traderiver added.
Related: How the government will shut down
Government shutdown fears hit world markets too: European markets and most Asian markets closed with losses, though the
Shanghai Composite moved higher. China launched a free trade zone in Shanghai on Sunday, an experiment in promoting trade
and expanding foreign investments in China.
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10/15/13
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The price of oil hovered near $102 a barrel Wednesday after U.S.
government workers were ordered off the job because of a budget impasse
in Washington.
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By early afternoon in Europe, benchmark oil for November delivery was up 14 cents to $102.18 a
barrel in electronic trading on the New York Mercantile Exchange. The contract fell 29 cents to
close at $102.04 on Tuesday.
Demand for oil in the U.S. could weaken if the shutdown curbs economic growth and continues to
stop 800,000 federal workers from commuting. The workers were furloughed after U.S.
lawmakers failed to agree on a budget measure to fund government operations after the fiscal
year ended Monday.
"Oil prices are very much linked with U.S. consumption," said Andrew Sullivan, sales trader at Kim
Eng Securities in Hong Kong. "With 800,000 workers not being paid, short-term demand is likely
to be curtailed."
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Prices were also under pressure from a report released Tuesday by the industry-funded American
Petroleum Institute which said U.S. stockpiles of crude oil rose by 4.55 million barrels last week.
The Energy Department's Energy Information Administration will release its own report the
market benchmark - later Wednesday. A survey of analysts by Platts, the energy information arm of
McGraw-Hill Cos., showed expectations were for a build of 2.4 million barrels in crude oil stocks
and a draw of 1.4 million barrels in gasoline stocks for the week ending Sept. 27.
Over the past days, a deal to control Syria's chemical weapons and an apparent thaw in relations
between the United States and Iran over the Islamic Republic's nuclear program have diminished
the risk of a disruption of Middle East oil supplies and bought oil prices down from above $110 a
barrel.
"With no news to support prices, fading geopolitical threats and ample supplies are still having an
adverse impact," analysts from Commerzbank in Frankfurt said in a note to clients. "In this climate,
we envisage oil prices continuing to decline."
Brent crude, a benchmark used to price imported crude used by many U.S. refineries, was up 39
cents to $108.33 in London.
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abcnews.go.com/International/wireStory/oil-falls-102-partial-us-govt-shutdown-20440344
1/3
'RZHQGVEHORZRQPRUH:DVKLQJWRQZRUULHV2FW
A sell-off in stocks accelerated Thursday, as major indexes fell 1% while Washington remains paralyzed and the nation
approaches the deadline for raising the U.S. debt ceiling.
The Dow ended below 15,000, a psychologically important level, for the first time in almost a month. The Nasdaq and S&P 500
also declined sharply.
Meetings at the White House between congressional leaders and President Obama have failed to produce a breakthrough.
Thursday marked Day 3 of the government shutdown, and Washington gave no sign of preventing a fourth. It's making investors
jittery. CNNMoney's Fear & Greed index even briefly slid into Extreme Fear mode.
Thursday's losses also meant the Dow and S&P 500 have dropped for nine of the past 11 trading days,
"I think probably at the beginning of the week people didn't think it would take so long to sort out," said David Jones, chief
market strategist at IG Markets in London. "The fact that it's dragged on is making people a little bit nervous."
Doug DePietro, an equity trader at investment bank Evercore, noted that the S&P 500 also broke below its 50-day moving
average, a key technical level that triggered additional selling by institutional investors.
"With each day that goes by without a deal, confidence continues to wane," DePietro said.
More troubling for Wall Street is the risk that the political stalemate could prevent the debt ceiling from being raised, meaning
the government may not be able to pay all its bills later this month.
Click here for more stocks, bonds commodities and currencies
What's moving: Tesla's stock ended 4% lower Thursday after a fiery crash near Seattle, Wash., sparked concerns about the
safety of the car maker's Model S sedan. Tesla ( TSLA) said the fire happened after the car crashed into a "large metallic
object."
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On StockTwits, trader MikeCorso showed his support for the company: "6 yrs, almost 100 mil miles driven without a fire -ISOLATED INCIDENT. And the car warned the driver as designed. PS- I own a Model S," he wrote
Meanwhile, MercenaryJack wryly commented that "when you hear '$TSLA is on fire,' this ain't what longs want to see."
Shares of Angie's List ( ANGI) lost more than 17% on concerns that the customer review site is hitting a rough patch. The
company's chief technology officer left abruptly last week and now the website has drastically reduced its membership prices.
Other Internet stocks that have been red hot lately, such as Priceline ( PCLN), Yahoo ( YHOO, Fortune 500), Netflix
( NFLX) and Facebook ( FB), pulled back Thursday too.
7HFKVWRFNVSDUW\LQJOLNHLWV
As racernic put it: "Something wrong with my screen. $PCLN red. tap tap tap. nope still red. hmmm."
Shares of Taser ( TASR), maker of the eponymous stun gun, ended the day down 10%. The company, citing a "tight budgetary
environment," has cut in half the price of its portable Axon Flex camera, used by police officers.
"$TASR. Yikes. Getting zapped today," said Slingshot.
Related: Countdown to a debt ceiling default
Herbalife ( HLF) shares finished 7% lower, even though hedge fund manager Bill Ackman disclosed he recently restructured
his short position on the nutritional supplement company to lessen his risk. The stock has more than doubled this year, making
Ackman's bet a huge loser on paper.
United Technologies (
UTX, Fortune 500) edged lower after the defense contractor announced that it would likely furlough
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2,000 workers starting next week, due to the government shutdown. About 800,000 federal employees have already been
furloughed.
Asian and European markets ended mixed.
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10/15/13
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The price of oil fell Thursday, along with stocks and metals, as the U.S.
government shutdown dragged into a third day.
Benchmark oil contract for November delivery fell 79 cents to close at $103.31 a barrel on the New
York Mercantile Exchange.
Markets have been weighing the impact of a partial shutdown of the U.S. government this week
after a congressional dispute over funding for President Barack Obama's health care program.
There are concerns that a prolonged halt to government activities could reduce demand for
energy and hurt confidence in the economy.
Economic indicators did not help, either. The Labor Department reported that the number of
Americans seeking unemployment benefits remained near six-year lows, but while employers are
have stopped laying off workers, the creation of new jobs has slowed in recent months. Also, a
survey showed disappointing growth at U.S. service industries.
U.S. stock markets were down across the board Thursday afternoon, while gold, silver and copper
also fell.
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amed
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Brent crude, a benchmark used to price imported crude used by many U.S. refineries, slipped 19
cents to $109 in London.
In other energy futures trading on Nymex:
Wholesale gasoline rose 1 cent to $2.64 per gallon.
Natural gas dropped 4 cents to $3.50 per 1,000 cubic feet.
Heating oil rose 1 cent to $3.00 per gallon.
International
Pablo Gorondi in Budapest and Pamela Sampson in Bangkok contributed to this report.
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Video of
Philadelphia Police
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Humiliating'
ABCNEWS.com
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1/3
6HQVH[GRZQSRLQWV7KH+LQGX
Business Markets
Published: October 7, 2013 10:01 IST | Updated: October 7, 2013 22:09 IST
The benchmark index of Bombay Stock Exchange on Monday closed flat a mere 21 points lower on weak global
cues.
The 30-scrip S&P Sensex of the Bombay Stock Exchange (BSE), which opened at 19,880.94 points, closed
(provisionally) at 19,895.10 points, down 20.85 points or 0.10 percent lower from Fridays close at 19,915.95 points.
The Sensex saw a high of 19,921.38 points and a low of 19,647.88 points in the days trade.
The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) also made marginal gains. The index
increased merely by 1.95 points or 0.03 percent at 5,909.25 points.
Sector-wise, information technology (IT), metal, healthcare, technology, entertainment and media (TECk) and power
companies scrip gained.
However, banks, capital goods, automobile, public sector undertakings (PSU) and oil and gas stocks declined.
The S&P BSE IT index gained 108.94 points, metal index was up 80.70 points, followed by healthcare index which
was higher by 78.02 points, TECK index rose 45.14 points and power index increased by five points.
Heavy selling pressure was observed in bank index, which was down 133.17 points, capital goods index was down
38.05 points, automobile index was down 32.21 points, PSU index was lower by 23.71 points and oil and gas index
declined by 17.72 points.
Keywords: Sensex, profit-booking
Printable version | Oct 14, 2013 6:12:30 AM | http://www.thehindu.com/business/markets/sensex-down-21points/article5209128.ece
The Hindu
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Congress waiting for a sell-off? Several analysts say that a sharp sell-off in stocks could be the one thing that pushes Congress to
act swiftly.
So far, stocks have been holding up pretty well..
"A resilient stock market and a cloudy economic picture increase the risk of an extended shutdown in our view," Bank of America
analysts wrote in a report over the weekend.
The government shutdown is in day 7, and lawmakers appear no closer to resolving the impasse.
Related: Shutdown, debt ceiling uncertainty looms
Sounding the alarm on the debt ceiling: Treasury Secretary Jack Lew said Sunday that Congress was "playing with fire," with
the possibility of a U.S. default only a little over a week away.
Deutsche Bank analyst David Bianco thinks the lack of a debt resolution will drag on the S&P 500 this week, but says there's
little chance that the U.S. will default.
However, if it does, Bianco says the S&P 500 could sink 45%.
That echoes the sentiment of ETX Capital market strategist Ishaq Siddiqi, who said the debt ceiling debacle could lead to a
"subsequent meltdown of global asset prices."
Last week, Bank of America analysts said the government shutdown wouldn't impact fourth-quarter GDP growth. But over the
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6WRFNVIDOODVGHEWGUDPDFRQWLQXHV2FW
weekend, they changed their tune and lowered growth estimates for the fourth quarter to a 2% annual rate from 2.5%.
Related: Fear & Greed Index, still dwelling in fear
Earnings kick off this week: The first corporate results for the third quarter come out Tuesday, when aluminum maker Alcoa
( AA, Fortune 500) reports after the market close.
Two of the biggest banks -- Dow component JPMorgan Chase ( JPM, Fortune 500)and Wells Fargo ( WFC, Fortune 500) -report Friday morning. Bank stocks, including JPMorgan, Bank of America ( BAC, Fortune 500), Citigroup ( C, Fortune 500),
and Goldman Sachs (GZPHF), dropped nearly 2%.
Analysts fear that weak third-quarter earnings could also weigh on stock prices.
Related: Fed taper won't cause another Asia financial crisis
AAPL, Fortune 500) rose after the iPhone maker was upgraded by Jefferies analyst Peter
"$AAPL Haters be Damned, Peter Misek Has Been Great on Apple (AAPL) Target = $600 http://stks.co/alZL Bullish,"
StockTwits users TimZ wrote.
Still with Apple down nearly 30% from its all-time highs hit in 2012, many investors are still skeptical. "$AAPL "It's Tough to Get
Past the Idea That Tim Cook Has 'No Clue'" http://stks.co/blUN," wrote ValTheGal.
Shares of BlackBerry (
BBRY)gained nearly 4% on talk that new buyers are emerging for the troubled smartphone maker.
The buyers, according to reports, could consider buying Blackberry in parts. That's giving investors at least some hope that a
deal may actually get done.
"$BBRY $BB.CA Financial Post: "BlackBerry survival seen in security not smartphones" http://stks.co/tVS7 Bullish," rgb66rgb
wrote on StockTwits.
But some traders noted that looking at BlackBerry is a far cry from buying it.
"$BBRY Any Large corp looking for growth, will analyse the potential of any company, specially those with Billions in revenues,"
wrote i7up2001.
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The Dow Jones industrial average fell on Monday as few signs emerged of a
deal to end the U.S. government shutdown and raise the nation's borrowing
limit. The Standard & Poor's 500 index dropped to its lowest level in a
month.
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Lawmakers have until Oct. 17 to reach a deal on increasing the nation's debt ceiling. Failure to
strike a deal could cause the United States to miss payments on its debt. The Treasury warned last
week that a default could push the economy into a downturn even worse than the Great
Recession.
The Dow Jones industrial average fell 136.34 points, or 0.9 percent, to close at 14,936.24.
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Entertainment
Baby Hope
Detective: 'She Can
Really Rest in
Peace'
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10/15/13
MARKET WATCH: Crude prices fall on news of stock build - Oil & Gas Journal
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Home More General Interest MARKET WATCH: Crude prices fall on news of stock build
HOUSTON, Oct. 10
10/10/2013
By OGJ editors
0
Crude oil futures prices fell Oct. 9 on news of a larger-than-expectedFacebook
build in inventories from the US Energy
Information Administration. Natural gas prices also dipped.
8
Ahead of the bell, as trading began Oct. 10, equity, crude, and natural gas futures are all in the green as
lawmakers indicated they may be open to a short-term increase in the
Twdebt
itter ceiling, said analysts at Raymond
James & Associates Inc.
0
Meanwhile, RJA analysts said, This weeks petroleum inventories update was bearish relative to consensus. The
Big Three inventoriescrude, gasoline, and distillatescollectively
rose 3.8 million bbl compared with consensus
LinkedIn
expectations for a build of 1.5 million bbl, they said.
0
Crude inventories had their largest build in 6 weeks: 6.8 million bbl, they said, adding, Total petroleum inventories
were up 1.7 million bbl and are now 30.4 million bbl above year-ago levels.
Energy prices
The NYMEX November and December crude contracts each lost $1.88 on Oct. 9 to settle at $101.61/bbl and
$101.43/bbl, respectively.
Heating oil for November delivery dropped 1.5 to a rounded $3.02/gal on NYMEX. Reformulated gasoline stock for
oxygenate blending for November edged down a little less than a penny to a rounded $2.62/gal.
The November natural gas contract fell 3.7 to a rounded $3.68/MMbtu on NYMEX. On the US spot market, the gas
price at Henry Hub, La., edged up less than a cent to $3.70/MMbtu.
View more Job Listings >>
In London, the November IPE contract for North Sea Brent crude declined by $1.10, settling at $109.06/bbl. The
December contract for Brent dropped $1.14 to $108.27/bbl. The October contract for gas oil decreased by $10.25 to
$925.25/tonne.
The Organization of Petroleum Exporting Countries reported its basket of 12 benchmark crudes fell 42 on Oct. 9 to
$106.94/bbl.
0
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$111.28
-0.52 -0.47%
2013.10.13 end-of-day
$102.02
-0.99 -0.97%
2013.10.13 end-of-day
Commodities
Crud e Oil
102.02
-0.97%
Na tura l G a s
3.78
+1.40%
G a soline
2.67
-1.12%
He a ting Oil
3.03
-1.16%
G old
1268.00
-2.26%
Silve r
21.22
-2.99%
Cop p e r
3.27
+0.74%
2013.10.13 end-of-day
Price
Change
2013.10.13 - $ 102.02
-0.99 -0.97%
1 Year Forecast
$117 / Barrel
1/2
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Global oil prices have fallen with top crude consumer the United States facing the prospect of a potentially
devastating sovereign debt default.
New York's main contract, West Texas Intermediate (WTI) for delivery in November dropped on Monday 16
cents to $101.86 per barrel.
Brent North Sea crude for November slid 91 cents to stand at $110.37 a barrel in London late afternoon
trade.
'Crude oil prices retreated ... as the US budget issues in Washington weighed on market sentiment and raised
persistent concerns about a slowdown in the US oil demand,' said Sucden brokers analyst Myrto Sokou.
Investors are keeping a close eye on Washington as Democrats and Republicans try to work out a deal to
reopen the federal government and raise the country's borrowing limit before a October 17 deadline.
'The main focus remains on the US debt ceiling and government shutdown as the markets are hoping for a
resolution to the issue before Thursday's deadline,' added Sokou.
With the US expected to run out of cash to pay its bills on Thursday, President Barack Obama has urged
Republicans to agree to a debt ceiling hike.
Failure to raise the spending limit would mean a default that could ravage demand in the world's top oil
consuming nation - and tip the global economy back into recession, analysts said.
Japan and the world's top energy user China - which between them hold more than $US2.4 trillion ($A2.55
trillion) of US debt - have urged the US to get its house in order.
'With only three days to go before the US tips over the soft deadline of its debt ceiling, progress on Capitol
Hill seemed to come to a standstill,' Desmond Chua, market analyst at CMC Markets in Singapore, said in a
note.
'The ball is now thrown back into the Senate's court, with market watchers hoping that less conservative
Republicans in the Senate will support a longer debt limit extension with no conditions attached.'
Crude futures had retreated on Friday after an International Energy Agency report highlighted the surge in
production from North America and some other countries.
Analysts pointed to a report by the IEA, which represents energy-consuming countries, that said third-quarter
growth in output from nations outside the Organization of the Petroleum Exporting Countries (OPEC) rose by
1.7 million barrels a day compared with last year.
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Crude & Brent Oil Weekly Fundamental Analysis October 14-18, 2013 Forecast Fx Empire Network
Fundamental Reports
Crude & Brent Oil Weekly Fundamental Analysis October 1418, 2013 Forecast
By FX Empire Analyst - Barry Norman
Get Forex buy/sell
Weekly Analysis and Recommendation:
ended the week with a wide spread against crude oil, closing at 110.95 leaving the
spread at over $10.00. World oil demand rose to 91 million barrels a day in 2013 and
Crude & Brent Oil Weekly
Fundamental Analysis
October 14-18, 2013
not 90 million barrels a day as previously estimated, the International Energy Agency
(IEA) reports. The upward revision is tied to a recovery in Europes economic activity,
while instability in the Middle East and North Africa continues to keep prices high. The
IEA estimates oil demand in 2014 will increase by 1.1 million barrels a day.
Forecast
The Energy Information Administration said today it ceased operations and
furloughed staff, stopping publications including the 34-year-old Weekly Petroleum
Status Report on Wednesdays, which includes crude oil and gasoline data. The suspension means the market will
turn to commercial reports from organizations such as the American Petroleum Institute, an industry-funded group that
gives paying subscribers first access to the information. Oil rigs fell by five to 1,367, data posted on the companys
website show. The gas count dropped nine to 369, the Houston-based field services company said. Miscellaneous
rigs, which usually drill for geothermal energy, rose one to seven. The count declined in September by the most in nine
months, losing 32, as producers leveraged new technologies to shorten drill times and bore more wells off single
pads. The advances have weakened demand for new rigs and helped boost domestic oil production to the highest
level in more than two decades.
U.S. oil output totaled 7.81 million barrels a day last week, near a 24-year high, according to the EIA, the Energy
Departments statistical arm. Stockpiles rose by 6.81 million barrels, or 1.9 percent, to 370.5 million.
Date
Last
Open
High
Low
Change %
101.63
102.80
102.89
100.63
-1.14%
102.81
101.56
103.57
101.21
1.23%
101.56
103.62
103.75
101.21
-1.99%
103.62
103.14
104.06
102.86
0.47%
103.14
103.45
103.72
101.88
-0.33%
The closure of the EIA came at a time when 24-year high crude production has boosted inventories and reduced price
fluctuation in West Texas Intermediate crude, the U.S. benchmark. Implied volatility for at-the-money December
options, a measure of expected futures swings and a key gauge of value, dropped to 19.8 percent on Oct. 4, the lowest
level since April. The gauge was at 20 percent at 3:55 p.m., according to data compiled by Bloomberg.
FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in
three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we
provide more recent analysis and information in our weekly reports and we provide daily updates and outlooks.
Historical: From 2011 to Present
Highest: 110.55 on Mar 01, 2012
www.fxempire.com/fundamental/fundamental-analysis-reports/crude-brent-oil-weekly-fundamental-analysis-october-14-18-2013-forecast/
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Investors wait for Washington to get act together - Oct. 15, 2013
U.S. stocks ended in the red Tuesday as lawmakers in Washington continued to wrangle over a budget deal.
The major indexes started the day slightly lower and a sell-off accelerated in afternoon trading. The Dow Jones Industrial
Average dropped more than 100 points, or nearly 1%, and the S&P 500 fell 0.7%. It was the first decline in five days for
both indexes. The Nasdaq declined 0.6% following three straight days of gains.
Senate leaders had said earlier Tuesday they made "tremendous progress" toward an agreement to end the partial
government shutdown and raise the debt limit, but hopes were starting to evaporate following reports that talks to boost
the debt ceiling may be falling apart.
Even if the Senate makes a deal, it still needs to win support in the House of Representatives, which is far from certain.
Plus, the House is working on its own proposal that would include provisions to make changes to Obamacare.
Though Washington still seems to be divided, most investors are still expecting a resolution before the Thursday deadline
when Treasury has said it will start to run out of money to pay all its bills on time.
"Every time [the debt ceiling debate] approaches a crisis phase, a temporary measure has been implemented to postpone it
into the future," said Doug Roberts, chief investment strategist at Channel Capital Research. " Both sides do not seem to
want a crisis to develop because of the dire consequences. There is no reason to believe that a similar postponement will
not being enacted at this juncture."
Related: Fear & Greed Index continues to show investor fear
Investors avoid short-term government bonds: Meanwhile, there was weak demand for short-term Treasury bills during
two closely-watched auctions Tuesday. That could be a troubling sign.
Three-month bills were sold at a yield of 0.13%, the highest since February 2011. That's even higher than the 0.09% at
which existing 3-month Treasury bills are trading. The bid-to-cover ratio, which a is a measure of demand, was the lowest
since July 2009.
Investors demanded a 0.15% yield, the highest in almost a year, on 6-month Treasury bills. The bid-to-cover ratio was the
lowest since October 2009.
money.cnn.com/2013/10/15/investing/stocks-markets/index.html?iid=HP_LN
1/3
10/15/13
Investors wait for Washington to get act together - Oct. 15, 2013
Yields on short-term Treasury bills have spiked recently as investors avoid debt that could be impacted by a U.S. default.
Earnings kick into high gear: Citigroup ( C, Fortune 500) was the latest big bank to disappoint investors. The
company reported third quarter profits and revenues that fell short of analysts' expectations. The bank noted that the spike
in interest rates over the summer caused a slowdown in new mortgages and refinancings, as well as bond trading.
Coca-Cola ( KO, Fortune 500)reported an increase in its third-quarter profit, as global sales volume rose 2%. Johnson &
Johnson ( JNJ, Fortune 500) shares moved higher after the company reported gains in quarterly sales and profit.
INTC, Fortune 500) shares rose in after-hours trading after topping earnings and revenue forecasts.
Yahoo ( YHOO, Fortune 500) shares also edged higher in after-hours trading. The company reported revenue in line with
estimates, and beat earnings expectations.
Yahoo also announced positive news related to Alibaba, the hot Chinese e-commerce company of which Yahoo owns a
24% stake. Alibaba is preparing for an initial public offering, and Yahoo revealed that it will have to sell fewer of its Alibaba
shares in the IPO than previously planned.
J.C. Penney ( JCP, Fortune 500) shares slid sharply as the struggling retailer continues to face doubts about its future.
Shares dropped almost 9% to a 30-year low.
FedEx ( FDX, Fortune 500) shares rose sharply after the shipping giant announced plans to buy back 32 million shares,
bolstering its existing share repurchase program.
"$FDX the government may be shut down, but retail and corporate america is not!" said howardlindzon on StockTwits.
Tesla ( TSLA) and Microsoft (
the stocks.
MSFT, Fortune 500) gained ground after Wall Street analysts upgraded their ratings on
Meanwhile, Facebook ( FB, Fortune 500) shares jumped after Evercore analysts said they believe the social media
company's stock will rise to $60 and reiterated their overweight rating. The stock shaved some gains as the broader market
slipped into the red. But StockTwits traders seemed optimistic.
"$FB unless something COMPANY RELATED comes out, all of these macro dips are just noise," said AllEyesOnEd. "This
name has conviction, use your opportunities. Bullish."
Related: Most world markets rise despite debt ceiling drama
Apple ( AAPL, Fortune 500) shares moved higher, briefly crossing $500 a share for the first time in over a month. The
company sent invitations Tuesday to a special event on October 22. The new iterations of the iPad and iPad mini are
expected to be the focus.
The text of the invite read, "We still have a lot to cover." StockTwits users speculated what the company might be hinting.
money.cnn.com/2013/10/15/investing/stocks-markets/index.html?iid=HP_LN
2/3
10/15/13
Investors wait for Washington to get act together - Oct. 15, 2013
"$AAPL "We still have a lot to cover" They have to still cover China, is China Mobile announcement coming?" asked
ibargain.
StockTwits user bittercheaperfaster wondered if the comment could mean "a bigger screen iPad."
Trader coterotie had another thought, and joked about how there are still some short sellers betting against the stock:
"$AAPL "we still have a lot to cover" your shorts!!"
Meanwhile, Apple poached high-profile Burberry CEO Angela Ahrendts to take charge of retail and online stores. The
move comes as Apple attempts to improve its fortunes in China, a market in which Ahrendts has had great success in the
past. Burberry ( BBRYF) shares fell almost 9% in London following the news.
by Taboola
2013 Cable New s Netw ork. A Time Warner Company. All Rights Reserved. Terms under w hich this service is provided to you. Privacy Policy. Ad choices .
money.cnn.com/2013/10/15/investing/stocks-markets/index.html?iid=HP_LN
3/3
10/16/13
$109.96
-1.08 -0.98%
2013.10.15 end-of-day
$101.21
-1.20 -1.19%
2013.10.15 end-of-day
Commodities
Crud e Oil
101.21
-1.19%
Na tura l G a s
3.79
-0.79%
G a soline
2.66
-0.26%
He a ting Oil
3.02
-0.49%
G old
1273.00
-0.27%
Silve r
21.15
-0.78%
Cop p e r
3.30
2013.10.15 end-of-day
Price
Change
2013.10.15 - $ 101.21
-1.20 -1.19%
1 Year Forecast
$116 / Barrel
1/2
10/17/13
Energy & Oil Prices: Natural Gas, Gasoline and Crude Oil - Bloomberg
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West Texas Intermediate crude fell to a three-month low as supplies rose more than expected
Prices dropped as much as 2.2 percent. Crude inventories climbed 5.25 million barrels last
week, the Energy Information Administration said. Analysts surveyed by Bloomberg estimated a
gain of 3 million. Stockpiles at Cushing, Oklahoma, increased for a second week and domestic
production jumped to the most in 24 years.
Q
Ethanol Falls as Production Jumps to Highest Level
in 16 Months
The report adds up to a pretty bearish signal to the market, said Julius Walker, global energy
markets strategist at UBS Securities LLC in New York who forecast WTI will average $95 this
quarter. The striking thing is another Cushing build in addition to the total U.S. build.
WTI for December delivery slid $1.52, or 1.6 percent, to $96.78 a barrel at 12:23 p.m. on the
Most Popular On
New York Mercantile Exchange after falling to $96.16, the lowest level since July 1. The volume
of all futures traded was 38 percent more than the 100-day average for the time of day.
Brent for December settlement declined $1.74, or 1.6 percent, to $108.23 a barrel on the
London-based ICE Futures Europe exchange. The volume of all futures traded was 53 percent
above the 100-day average. WTIs discount to Brent narrowed to $11.45 from $11.67 yesterday.
It widened to $13.37 earlier, the most in six months.
Supplies Increase
U.S. crude supplies rose to 379.8 million barrels last week, the most since June 28, according
to the EIA, the Energy Departments statistical arm. They have climbed 24.2 million barrels, or
6.8 percent, in the last five weeks.
Fundamentally, its a weak market for WTI, said Tariq Zahir, a New York-based commodity
by Taboola
Walker said.
www.bloomberg.com/news/2013-10-23/crude-falls-to-3-month-low-on-forecast-u-s-supply-rise.html
1/4
10/23/13
Production Climbs
U.S. crude production grew 6.3 percent last week to 7.9 million barrels a day, the most since
March 1989. A combination of horizontal drilling and hydraulic fracturing, or fracking, has
unlocked supplies in shale formations in North Dakota, Texas and other states.
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People are starting to realize that its hard to be bullish, given the rising inventory levels, said
Massachusetts.
Post a Job
Gasoline stockpiles fell 0.8 percent to 215.5 million barrels and distillate fuels, including heating
Refineries operated at 85.9 percent of capacity, the lowest level in almost six months. Total
petroleum demand dropped 3.8 percent to 18.3 million barrels a day. The four-week average
Crude stockpiles in China, the second-largest consuming country after the U.S., rose to a
record in September, based on data going back to January 2010.
Title or Company
China Supplies
jobs by
Location
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Commercially held supplies increased 1.4 percent from August, according to a report today
from China Oil, Gas & Petrochemicals, a newsletter published by the official Xinhua News
Agency. Thats 32.4 million metric tons, or 237.6 million barrels, Bloomberg calculations based
on the data show.
The Asian nation accounted for 11 percent of global oil consumption this year, compared with
21 percent for the U.S., according to the International Energy Agency.
The market is really pricing in the well-supplied fundamentals in the U.S. and China, said Rich
Ilczyszyn, chief market strategist and founder of Iitrader.com in Chicago.
Iraq, the second-largest oil producer in the Organization of Petroleum Exporting Countries,
reiterated plans to boost crude output and exports by the end of the year as demand from Asian
buyers strengthens.
Production will rise to 3.5 million barrels a day by the end of December and increase further in
2014, Oil Minister Abdul Kareem al-Luaibi told reporters in Baghdad today. Iraqs output is about
3.3 million barrels a day, Deputy Prime Minister Hussain Al-Shahristani said a week ago.
Implied volatility for at-the-money WTI options expiring in December was 21.1 percent, up from
20.5 percent yesterday, according to data compiled by Bloomberg showed.
Electronic trading volume on the Nymex was 504,846 contracts as of 12:21 p.m. It totaled
774,795 contracts yesterday, 24 percent higher than the three-month average. Open interest
was 1.79 million contracts.
To contact the reporter on this story: Moming Zhou in New York at mzhou29@bloomberg.net
To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net
More New s: Commodities Energy Markets Energy Industry
6 COMMENTS
Q QUEUE
www.bloomberg.com/news/2013-10-23/crude-falls-to-3-month-low-on-forecast-u-s-supply-rise.html
2/4
10/23/13
$107.80
-2.17 -2.01%
2013.10.23 end-of-day
$96.86
-1.49%
-1.44
2013.10.23 end-of-day
Commodities
Crud e Oil
96.86
-1.49%
Na tura l G a s
3.62
+1.05%
G a soline
2.55
-2.52%
He a ting Oil
2.92
-2.53%
G old
1333.90
-0.64%
Silve r
22.58
-0.76%
Cop p e r
3.27
-1.90%
2013.10.23 end-of-day
Price
Change
2013.10.23 - $ 96.86
-1.44 -1.49%
1 Year Forecast
$111 / Barrel
1/2
10/23/13
https://www.redliontrader.com/oil-falls-to-near-97-on-ample-supplies/
1/2
10/23/13
Demand for fuels fell 1.5 percent compared to the same period last year.
Oil analyst Jim Ritterbusch said in a report Wednesday that the market
looked oversupplied because of rising U.S. production.
Another factor in oils recent decline, analysts say, is reduced risk of supply
disruptions out of the Middle East and a possible return of more Iranian
crude to the global market as talks between Iran and the West over Irans
nuclear program have re-started.
In other energy futures trading on the New York Mercantile Exchange:
- Wholesale gasoline fell 5 cents to $2.57 a gallon.
- Natural gas rose 5 cents to $3.63 per 1,000 cubic feet.
- Heating oil slipped 5 cents to $2.94 a gallon.
This entry was posted in StreamingNews on October 23, 2013 [https://www.redliontrader.com/oil-falls-tonear-97-on-ample-supplies/] by
CBSNews
. Hello
https://www.redliontrader.com/oil-falls-to-near-97-on-ample-supplies/
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10/23/13
Business Markets
Published: October 22, 2013 16:48 IST | Updated: October 22, 2013 16:48 IST
The BSE benchmark Sensex fell by 29 points on Tuesday. Photo: Vivek Bendre
The Hindu
The BSE benchmark Sensex on Tuesday fell 28.92 points on selling in bluechips like RIL and Hero MotoCorp, amid
weak global cues ahead of key U.S. job data that may influence the timing of Feds anticipated move to taper the
economic stimulus.
The 30-share index, which had climbed to three-year high in the previous session, fell by 28.92 points, or 0.14 per
cent to 20,864.97. The gauge shuttled between 20,948.91 and 20,810.25 intra-day but prevailing caution forced
investors from taking fresh long positions, traders said.
In Sensex, 15 stocks ended lower and 14 climbed, while Tata Motors remained unchanged. Reliance Industries
dropped 1.07 per cent to Rs. 903.60, after gaining more than five per cent in the last three sessions. Hero MotoCorp
shares lost 1.37 per cent to end at Rs. 2,069.95 before quarterly earnings.
The BSE benchmark had climbed to its highest level since November 2010 on Monday as more companies posted
earnings higher than market expectations. Sustained capital inflow also helped local stocks rise, experts said.
The global mood on Tuesday, however, was tepid with the U.S. Labor Department expected to announce the jobs data
at 8:30 am Washington time. The U.S. Fed is expected to hold policy meetings on October 29-30 and December 17-18.
Stocks mostly stayed weak in Asian and the opening was also lower in Europe.
The broad-based National Stock Exchange index Nifty declined 2.15 points, or 0.03 per cent, to end at 6,202.80, after
moving between 6,220.10 and 6,181.80. MCX-SXs SX-40 index closed at 12,403.16, up 4.3 points or 0.03 per cent.
Sectorally, the BSE Consumer durable index fell the most by losing 0.87 per cent, followed by auto index by 0.56 per
cent. Oil and gas index declined 0.28 per cent and realty index by 0.22 per cent.
On the other hand, Power, Capital goods, PSU, IT, TECk, Bank, Healthcare and Metal sector indices ended better and
saved the market from any major fall.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock markets
Printable version | Oct 24, 2013 5:27:53 AM | http://www.thehindu.com/business/markets/sensex-down-29-pointson-weak-global-trends/article5261124.ece
www.thehindu.com/business/markets/sensex-down-29-points-on-weak-global-trends/article5261124.ece?css=print
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The sharp move that could crimp the bounce-back in the world's No. 2
economy comes on the back of news reports suggesting the country's
central bank could "impose further property measures to curb prices,"
according to analysts at Nomura, a Japan-based investment bank.
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maker also said it expects to earn $5.50 a share for the full year,
widely missing Wall Streets view of $6.21 a share. Shares dropped
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Profit-taking erases Sensex gains after crossing 21,000 mark - The Hindu
Business Markets
Published: October 24, 2013 16:47 IST | Updated: October 24, 2013 16:57 IST
The BSE benchmark Sensex on Thursday crossed the 21,000-mark after nearly three years but frittered away the
gains to close 42 points down as cautious investors booked profits ahead of next weeks RBI monetary policy meet and
monthly expiry of derivative contracts.
The bluechip index, which had surged to 21,039.42 at the outset for the first time since November 2010, gave up
gains to close down 42.45 points, or 0.20 per cent, at 20,725.43.
19 Sensex stocks declined led by Reliance Industries, Infosys, Tata Consultancy Services and Wipro. Coal India, BHEL,
Bajaj Auto, Hero MotoCorp, Dr Reddys, Jindal Steel, NTPC and Tata Steel also saw losses.
The Sensex opened on a strong note despite negative global cues. A sharp drop in crude oil prices may have aided
market sentiments, said Sanjeev Zarbade, Vice President Private Client Group Research, Kotak Securities.
On similar lines, the 50-scrip National Stock Exchange index Nifty fell by 14 points, or 0.23 per cent, to 6,164.35, after
climbing to 6,252.45. Also, SX40 index, the flagship index of MCX-SX, closed at 12,331.32, down 7.5 points.
Across the market, IT, Power and Realty shares ended the session in negative zone while Capital Goods, Auto and
Consumer Durables closed in the green.
Brokers said the rally fizzled out as investors judged the rally as overdone. Also, a section of the market appeared
worried after recent disappointments in earnings led by Jet Airways and Ambuja Cements and booked profits, they
added.
Sectorally, the IT sector index suffered the most by losing 1.77 per cent, followed by Teck index (1.53 per cent), Power
index (1.14 per cent) and Realty index (1.12 per cent).
www.thehindu.com/business/markets/profittaking-erases-sensex-gains-after-crossing-21000-mark/article5268360.ece?css=print
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10/30/13
Peter Boockvar, chief market analyst at The Lindsey Group, said the
sudden dip could just be the result of a highly-bought market.
"I think this is a sell on the news," Boockvar said. "Weve had a
massive run."
What's this?
Jobs Reports
Elsewhere on the economic front, payroll processor ADP said privatesector employment increased by 130,000 in October, shy of
estimates of 150,000.
The report "reinforces the idea that job creation in October isnt going
to be any more robust than any recent month," according to Dan
Greenhaus, chief global strategist at BTIG.
AAPL
+1.59%
524.90
APPLE INC.
Today
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FACEBOOK INC.
Today
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Today
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INTERNATIONAL...
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Both employment and prices are critical factors for the Federal
Reserve as it decides on its monetary-policy path. The central bank
49.01
4:00 PM
has a dual mandate to keep the unemployment rate at its natural level
while also keeping prices in check. Thus far, the Fed has focused on
17.34
4:00 PM
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4/4
11/1/13
$105.91
-2.93 -2.77%
2013.11.01 end-of-day
$94.61
-1.87%
-1.77
2013.11.01 end-of-day
Commodities
Crud e Oil
94.61
-1.87%
Na tura l G a s
3.51
-1.94%
G a soline
2.55
-1.63%
He a ting Oil
2.88
-2.49%
G old
1313.10
-0.80%
Silve r
21.80
-0.13%
Cop p e r
3.29
2013.11.01 end-of-day
Price
Change
2013.11.01 - $ 94.61
-1.77 -1.87%
1 Year Forecast
$108 / Barrel
1/2
11/9/13
Business Markets
Published: November 5, 2013 15:45 IST | Updated: November 5, 2013 21:57 IST
The major losers were Bajaj Auto, Bharti Airtel, TCS, BHEL, GAIL India, HUL, ICICI Bank, Infosys, ITC, Jindal Steel and L&T.
The Hindu
After closing at its record high last week, the S&P BSE Sensex, on Tuesday, plunged 265 points or 1.25 per cent to
close at 20974.79 following profit-booking in stocks that had surged in the past few sessions. However, buying activity
was witnessed in mid- and small-cap stocks.
The top five losers in the 30-share Sensex included ITC, down 3.52 per cent; ICICI Bank (-3.07 per cent); Sun Pharma
(-2.96 per cent); Dr. Reddys Lab (-2.88 per cent); and TCS (-2.74 per cent).
The Sensex top gainers included Hindalco up 1.47 per cent; Coal India (1.42 per cent) and Tata Motors (1.02 per
cent).
The NSE Nifty also closed with a loss of 64.20 points or 1.02 per cent at 6253.15 due to selling pressure in key stocks.
It was an over-bought market and profit-booking was imminent which happened today. Apart from this, here
emerges a clear-cut sign that the rupee would fall to the level of 63.5 or 64 to a dollar the moment the RBI withdraws
its measures. If the rupee drops, then the FIIs will stop buying, and this was why the market was under selling
pressure, said Deven Choksey, CEO and Managing Director, KR Choksey Share and Securities.
Soft global markets and continued uncertainty about the Feds taper program have resulted in some caution in the
markets on the first day of the new year. The Purchasing Managers Index (PMI) data for October has shown some
improvement month-on-month but continues to be in contraction territory, said Dipen Shah, Head of Private Client
Group Research, Kotak Securities.
Domestic markets were quite strong during last month and were supported by foreign liquidity. Largely in-line or
better-than-expected quarterly results also helped. The strength in the domestic currency and increased optimism on
reduction in current account deficit also helped, Mr. Shah said in the reasons why the market was bullish last month.
Focus
We believe that, focus of the markets in the near-term will continue to remain on global liquidity, Q2FY14 results as
well as outcome of the state elections which are going to be held in five states from November 11, 2013, Mr. Shah
added.
www.thehindu.com/business/markets/sensex-plunges-265-points/article5316541.ece?css=print
1/2
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Business Markets
Published: November 6, 2013 16:53 IST | Updated: November 6, 2013 16:53 IST
The Hindu
Extending its losing run to the second day, the benchmark BSE Sensex on Wednesday fell by 80 points to over oneweek low as investors booked profits in consumer durable, banking and metal shares.
An upsurge in software exporters, like TCS, Infosys and Wipro, however capped the losses to some extent after rupee
fell to 62-levels against the dollar.
After losing 265 points in the previous sesssion, the Sensex fell further by 79.85 points, or 0.38 per cent, to 20,894.94
- its worst closing since 20,570.28 on October 28.
The gauge had rallied to an all-time high on Sunday in a special Muhurat trading session with foreign investors
remaining net buyers for over 21 straight days, better-than-expected corporate earnings and renewed optimism over
the economic recovery.
In 30-share Sensex pack, 20 stocks declined led by State Bank of India, RIL, ICICI Bank, HDFC Bank, Jindal Steel,
Hindalco, Hindustan Unilever, Tata Motors and Tata Steel.
The 50-scrip National Stock Exchange index Nifty fell by 38 points, or 0.61 per cent, to end at 6,215.15. Also, SX40
index, the flagship index of MCX-SX, closed at 12,416.31, down 77.79 points.
However, mid-cap and small-cap shares fared better than bluechips as retail investors were seen buying these scrips,
traders said.
All major events like Q2 results and RBI monetary policy are almost over and so there is lack of concrete trigger to
fuel the rally further. Hence, we can expect some consolidation... said Nidhi Saraswat, Senior Research Analyst,
Bonanza Portfolio Ltd.
Sectorally, the BSE Consumer Durable index suffered the most by losing 2.19 per cent, followed by Bankex index (1.87
per cent), Realty index (1.80 per cent) and Metal index (1.31 per cent).
Keywords: Bombay Stock Exchange, Sensex, Profit booking
www.thehindu.com/business/markets/sensex-falls-80-points-to-over-oneweek-low/article5321444.ece?css=print
1/2
11/6/13
$105.33
-0.90 -0.85%
2013.11.05 end-of-day
$93.37
-1.34%
-1.25
2013.11.05 end-of-day
Commodities
Crud e Oil
93.37
-1.34%
Na tura l G a s
3.47
+0.61%
G a soline
2.52
-0.48%
He a ting Oil
2.86
-0.35%
G old
1308.00
-0.50%
Silve r
21.61
-0.30%
Cop p e r
3.25
+0.15%
2013.11.05 end-of-day
Price
Change
2013.11.05 - $ 93.37
-1.25 -1.34%
1 Year Forecast
$107 / Barrel
1/2
11/9/13
Business Markets
Published: November 7, 2013 16:45 IST | Updated: November 7, 2013 16:46 IST
The Hindu
In volatile trade, the benchmark Sensex on Thursday fell by over 72 points to a fresh one-week low on heavy selling in
consumer durables, banking and power shares after rating agency S&P cautioned it could downgrade India if the next
government fails to reverse the slide in GDP growth.
After gaining nearly 248 points to cross the 21,000 mark in early trade, the bluechip index ended down at 20,822.77,
a drop of 72.17 points, or 0.35 per cent - the third straight loss. This the Sensexs lowest value at closing after
20,570.28 hit on October 28.
Among the 30 Sensex constituents, 17 stocks fell led by RIL, SBI, ICICI Bank, BHEL, Bharti Airtel, GAIL India, HDFC
Bank, Tata Motors, Tata Power and Maruti Suzuki.
Traders said investors booked profits in the intra-day upmove. ITC, HUL, Sun Pharma and Dr Reddys gained today.
Based on our discussions with market participants, most appear to be taking into account a small but non-negligible
possibility of a ratings downgrade in the coming months, said financial major Barclays in a note.
The Sensex has now lost over 417 points in the past three days in stark contrast to the jubiliant mood after the index
closed at all-time high of 21,239.36.on Sunday.
Similarly, the broader-based National Stock Exchange index Nifty fell by 27.90 points, or 0.45 per cent, to end at
6,187.25, after touching the days high of 6,288.95.
Also, SX40 index, the flagship index of MCX-SX, fell by 23.07 points, or 0.19 per cent, to 12,393.24 at close.
The rupee also fell to the lowest level in five weeks by plummeting to 62.73 per dollar in early trade and was last
trading at 62.5 levels. The weak rupee helped IT stocks like Infosys and TCS gain.
However, the broader market was in a cautious mood influenced by weak Asian cues and lower opening in Europe
ahead of US economic growth data and European Central Bank rate decision.
Sectorally, BSE Realty sector index suffered the most by losing 2.62 per cent, followed by Consumer Durables (2.26
www.thehindu.com/business/markets/sensex-ends-72-points-down-at-fresh-oneweek-low/article5325674.ece?css=print
1/2
11/9/13
per cent), Banking (2.11 per cent) and Power (1.97 per cent). However, IT, Metal and TECk gained.
Keywords: Bombay Stock Exchange, Standard&Poor, Credit ratings, Sensex
Printable version | Nov 10, 2013 6:33:10 AM | http://www.thehindu.com/business/markets/sensex-ends-72-pointsdown-at-fresh-oneweek-low/article5325674.ece
The Hindu
www.thehindu.com/business/markets/sensex-ends-72-points-down-at-fresh-oneweek-low/article5325674.ece?css=print
2/2
11/8/13
$103.46
-1.78 -1.72%
2013.11.07 end-of-day
$94.20
-0.64%
-0.60
2013.11.07 end-of-day
Commodities
Crud e Oil
94.20
-0.64%
Na tura l G a s
3.52
+0.60%
G a soline
2.50
-1.79%
He a ting Oil
2.84
-1.07%
G old
1308.40
-0.71%
Silve r
21.64
-0.49%
Cop p e r
3.25
+0.43%
2013.11.07 end-of-day
Price
Change
2013.11.07 - $ 94.20
-0.60 -0.64%
1 Year Forecast
$108 / Barrel
1/2
11/7/13
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Block added that the central bank uncertainty, mixed with worries
ahead of the all-important monthly jobs report Friday, makes the
perfect cocktail to push traders to "rush for the exits."
Elsewhere on the economic front, the Commerce Department said
the U.S. economy grew at an annual pace of 2.8% in the third quarter,
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3/3
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Weak Rupee, global cues drag Sensex down 157 points - The Hindu
Business Markets
Published: November 8, 2013 16:59 IST | Updated: November 8, 2013 16:59 IST
The Hindu
The BSE benchmark Sensex on Friday fell by 157 points, the fourth drop in a row, on heavy selling in bluechips like
HDFC, RIL, TCS and Maruti Suzuki after rupee slid further amid a downtrend in global markets.
The Sensex, which had lost 417 points in the past three sessions, fell further by 156.62 points, or 0.75 per cent to
20,666.15, after touching the days low of 20,600.90. In the 30-share index, 21 stocks like SBI, ICICI Bank, ONGC,
Coal India, Airtel, ITC, Infosys and Sun Pharma ended in red.
Brokers said the market, which is worried about economic slowdown, remained under pressure as the rupee dropped
to a six-week low of 62.75 versus dollar, raising concerns about inflation which may force RBI to look at hiking rates
again.
Indian stocks were also weighed down by a weakening trend in the Asian region and lower opening in Europe after
faster-than-expected US economic growth fuelled concerns that the Fed may taper its stimulus quicker than most
estimates.
For the week ended November 8, Sensex fell by 531 points or 2.5 per cent - the biggest such drop since the week ended
September 27 when it slid down 567 points or 2.65 per cent.
The broad-based National Stock Exchange index Nifty fell by 46.50 points, or 0.75 per cent, to end at 6,140.75 led by
banking and interest-sensitive stocks. Also, the SX40 index of MCX-SX fell 119.6 points to end at 12,273.64.
Sectorally, the BSE Consumer Durable index was the major loser today as it plummeted 2.04 per cent, followed by
Banking index (1.27 per cent), Oil and Gas index (1.19 per cent), PSU index (0.69 per cent) and Auto index (0.45 per
cent).
Keywords: Bombay Stock Exchange, Declining rupee, Federal Reserve, Sensex
Printable version | Nov 10, 2013 6:35:39 AM | http://www.thehindu.com/business/markets/weak-rupee-global-cuesdrag-sensex-down-157-points/article5329844.ece
The Hindu
www.thehindu.com/business/markets/weak-rupee-global-cues-drag-sensex-down-157-points/article5329844.ece?css=print
1/2
11/12/13
Business Markets
Published: November 12, 2013 16:42 IST | Updated: November 12, 2013 23:06 IST
Continuing concerns over tapering of QE and high bond yields are the reasons for the fall
While the U.S. dollar became stronger against major currencies of the world, the rupee depreciated further against it
on Tuesday as the demand for dollar has gone up in the foreign exchange market from oil companies as well as foreign
institutional investors (FIIs).
The rupee closed at 63.71 a dollar against 63.24 on Monday. It touched an intra-day low of 63.84.
Meanwhile, the S&P BSE Sensex dropped by 209.05 points to close at 20281.91.
On the National Stock Exchange (NSE), a broader
50-share Nifty closed at 6018.05, with a loss of 60.75 points .
Markets came off for the sixth consecutive day and have eroded 5 per cent in value over this period of time.
Continuing concerns over the U.S. Fed taper, rupee depreciation, high bond yields and expectations of a sustained
high consumer price index (CPI) inflation number were the reasons for the fall. FII purchases in the cash market have
tapered over the past few sessions, said Dipen Shah, Head of Private Client Group Research, Kotak Securities. Going
ahead, he said, economic data in the U.S. and India would be in focus as the Reserve Bank of India (RBI) and U.S.
Federal Reserve meet next month for their respective policy meetings.
Although there was a government shutdown, the U.S. posted better than expected job numbers.
There is fear in the market that this could translate to a stronger U.S. economy which would hasten the quantitative
easing (QE) taper, said Shrinivas Viswanath, Cofounder RKSV, a leading broking firm, adding, India is better
adapted to handle any sort of taper this time but the market is gaining confidence in the U.S. over emerging
economies.
www.thehindu.com/business/markets/stocks-dip-rupee-depreciates-further/article5343635.ece?css=print
1/2
11/16/13
Business Markets
Published: November 13, 2013 16:45 IST | Updated: November 13, 2013 23:16 IST
The Hindu
The benchmark Sensex fell for the seventh straight session and ended 88 points lower in choppy trade on Wednesday
after a rise in retail prices spurred worries the RBI would increase rates again to contain inflation.
Weak global cues on fresh talk of the U.S. tapering its stimulus also kept the market under pressure.
Realty, FMCG, IT and banking sector stocks declined, while auto counters were in demand after decent second
quarter results by Mahindra & Mahindra.
ITC, HDFC Bank and TCS were among the shares that dragged the index lower, while Tata Motors and Mahindra
supported it.
The 30-share S&P BSE Sensex moved erratically in a range of 20161.64 to 20365.59 before ending at 20194.40, a fall
of 87.51 points. The 50-share CNX Nifty on the National Stock Exchange declined 28.45 points, or 0.47 per cent, to
end at 5989.60.
Rupee up 41 paise
The rupee gained against the dollar for the first time in six days and added 41 paise to close at 63.30 on Wednesday
on fresh sales of the U.S. currency by exporters and by state-run banks on behalf of the Reserve Bank of India. Capital
inflows supported the rupee after initial weakness as the dollar strengthened overseas and stocks fell.
Keywords: Bombay Stock Exchange, Sensex, Rate hike, RBI
Printable version | Nov 17, 2013 1:51:12 AM | http://www.thehindu.com/business/markets/sensex-down-88points/article5347276.ece
The Hindu
www.thehindu.com/business/markets/sensex-down-88-points/article5347276.ece?css=print
1/1
11/12/13
$105.81
-0.59 -0.56%
2013.11.12 end-of-day
$93.04
-2.26%
-2.10
2013.11.12 end-of-day
Commodities
Crud e Oil
93.04
-2.26%
Na tura l G a s
3.62
+1.19%
G a soline
2.59
-0.39%
He a ting Oil
2.85
-1.34%
G old
1271.10
-0.78%
Silve r
20.77
-2.43%
Cop p e r
3.24
-0.79%
2013.11.12 end-of-day
Price
Change
2013.11.12 - $ 93.04
-2.10 -2.26%
1 Year Forecast
$106 / Barrel
1/2
11/12/13
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NASDAQ:CSCO
15751, the S&P 500 dipped 4.2 points, or 0.24%, to 1768 and the
Nasdaq Composite rose 0.13 point, or 0.00%, to 3920.
Small businesses are a key part of the American economy --
NASDAQ:NWSA
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41
132
28
47
10
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Stocks finished Wednesday lower after minutes from the latest Federal Reserve meeting showed the central bank could cut
back on its bond-buying program even if the job market doesn't improve dramatically.
The Dow, S&P 500 and the Nasdaq all went from being up slightly to down modestly after the Fed minutes were released.
The Fed has long maintained that it wants to see a healthier labor market before it would pull back, or taper, its stimulus
programs. But according to the minutes, the Fed suggested it could taper for reasons other than substantial improvement in the
job market.
Investors have been hoping that the central bank will continue its stimulus program into 2014, extending the $85 billion a
month bond-buying spree that has supported the U.S. economic recovery and helped boost stock markets to record levels.
Kate Warne, investment strategist with Edward Jones, said before the minutes were released that she does not expect the Fed
to make any significant changes to policy until the job market improves. That said, she believes there will be market volatility
between now and the end of the year and throughout the early part of 2014 as investors speculate about the timing of the Fed's
next move.
Warne even suggested that a full-blown correction, or 10% pullback from recent peaks, is possible given how high stocks have
soared this year.
On Tuesday evening, chairman Ben Bernanke made a speech that indicated Fed support was likely to continue into 2014.
Although that decision won't be Bernanke's to make. His terms end early next year. President Obama has nominated Fed vice
chair Janet Yellen to replace Bernanke. She just needs to be confirmed by the Senate, which seems almost certain.
Related: Bernanke says the recent jobs reports were "disappointing"
On the economic front, retail sales for the month of October rose more than expected. Consumer prices were relatively flat for
the month, a sign that inflation remains tame.
money.cnn.com/2013/11/20/investing/stocks-markets/
1/3
11/21/13
With inflation currently not a threat, Jim Baird of Plante Moran Financial Advisors said "the Fed isn't likely to feel any urgency
to pull in the reins on policy."
There was some not so encouraging news about housing though. The National Association of Realtors reported that existing
home sales in October fell more than economists were expecting.
Related: Fear & Greed Index still in Greed mode
What's moving: Struggling retailer J.C. Penney ( JCP, Fortune 500) reported a decline in quarterly revenue and same-store
sales and a steepening loss compared to the year-ago quarter. But shares surged more than 8% due to brightening hope for the
retailer, which said that same-store sales pulled out of the gutter in October.
Still, some StockTwits users are expressing concerns about the upcoming holiday season.
"$JCP, ladies and gentlemen, what goes up must come down," solrazer wrote.
Another trader suggested that now may be the time to bet against the stock. "$JCP Thanksgiving is in 8 days. How much money
can you earn from shorting it??" asked smellyegg.
3-D printing stocks tumbled for a second straight day. The sector has been one of the hottest performers in the market this year.
But there are concerns that 3D Systems ( DDD), voxeljet ( VJET), Stratasys ( SSYS) and Exone ( XONE) may have run up
too far too fast. Voxeljet suffered the biggest loss, plunging more than 30%.
"Why people mess around with buying 3D's right now is beyond me," said StockTwits user BucksNBills. "Give it some time and
buy on strength."
Viral chimed in that "$DDD along with most other 3D stocks seems to be pulling back" and suggested that investors wait for a
better time to buy since there is still a "long term bullish" outlook on the group.
Deere & Co. ( DE, Fortune 500) reported that quarterly net income easily topped forecasts, but worldwide sales in heavy
equipment took a dive during the period. Shares rose thanks to better-than-expected guidance for 2014.
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2/3
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Green Mountain Coffee Roasters ( GMCR) reported revenue and earnings after the closing bell that topped estimates. The KCup maker also announced a new stock buyback and said it would start to pay a dividend. But shares fell after hours as guidance
for the next quarter was a bit disappointing.
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Business Markets
Published: November 21, 2013 16:34 IST | Updated: November 21, 2013 22:59 IST
PTI
Stock indices dipped on Thursday after the U.S. Federal Reserve indicated that it would implement the tapering of its
stimulus programme earlier than expected, a signal that also rattled currencies in emerging markets.
The rupee closed at 62.93 per dollar compared to its previous close of 62.57 on Wednesday.
The Bombay Stock Exchange (BSE) 30-share sensitive index (Sensex) closed at 20229.05 with a loss of 406.08 points
. The Sensex also touched a low of 20189.23 in the trading session.
On the National Stock Exchange (NSE), a broader 50-share Nifty was down by 123.85 points . It also touched an
intra-day low of 5985.40.
The Sensex fell by more than 400 points on fresh fears that the U.S. Federal Reserve may begin tapering its
quantitative easing (QE) programme earlier than expected, said Raghu Kumar, Cofounder, RKSV, a leading broking
firm.
The FOMC minutes released on Wednesday indicated that, sometime in the coming months, the Fed is looking to
taper down its $85 billion in monthly bond buying due to new economic data that suggests that the employment
situation in the U.S. is improving.
Keywords: BSE, NSE, Sensex, Nifty, economic stimulus, U.S. Fed
Printable version | Nov 22, 2013 8:48:54 AM | http://www.thehindu.com/business/markets/sensex-dips-406points/article5375697.ece
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The blue-chip average fell solidly into the red in late-day action
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The Dow Jones Industrial Average fell 77.6 points, or 0.48%, to
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"Given the relationship between the index and broader growth and
Jobs Reports
given its statistical reliability, our view that growth will pick up in
coming months is validated by todays data point," Dan Greenhaus,
chief global strategist at BTIG wrote in an email.
The Federal Reserve has said it is paying close attention to economic
reports as it decides when it will begin trimming its massive bond-
Friday.
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Stocks slid in the final hour of trading Monday as weak holiday sales raised concerns about the state of the consumer.
The Dow Jones industrial average, the S&P 500 and the Nasdaq all ended lower. Despite the selling, the Dow managed
to close above 16,000 and the S&P 500 held 1,800. But both indexes briefly dipped below those psychologically important
levels in the last few minutes prior to the closing bell before recovering.
Why the sell-off? There wasn't a lot of economic or corporate news Monday. But the National Retail Federation did report
that shoppers spent an average of 4% less over the holiday weekend, the first decline in spending since 2009. Shares of
J.C. Penney ( JCP, Fortune 500), Coach ( COH) and Urban Outfitters ( URBN) were lower.
Related: Fear & Greed Index closer to Extreme Greed
Given the underwhelming Black Friday sales, investors will be watching Cyber Monday shopping figures for further clues
about the health of the U.S. consumer.
Amazon ( AMZN, Fortune 500) made headlines after CEO Jeff Bezos said the company is exploring a drone-based
delivery system for some shipments. The plan is in the early stages and faces regulatory hurdles, but investors on
StockTwits seemed pleased with the attention it generated.
"Congrats to $AMZN #Amazon for their drone buzz. .In all media now," said ForexAccountManagers.
Shares of Amazon gave up early gains and turned lower at midday. Some investors were questioning whether the Prime Air
delivery service makes economic sense.
"$AMZN #Amazon probably down,because people who saw 60 MIN,figured this bezo dude is nuts<I mean really?there going
to fly 1K's of drones?LOL," said 1991previa.
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But one trader joked that they liked how enthusiastic Bezos and wished for more of that from Apple (
500)CEO Tim Cook.
AAPL, Fortune
"$AMZN bezos is the biggest cheerleader for his company. i wish tim cook would do the same=show more excitement," said
deskpros123.
Still, shares of the iPhone and iPad maker have bounced back recently. The stock has clawed back from about $400 over
the summer and now trades above $550.
Shares of eBay ( EBAY , Fortune 500) were lifted by hopes the online auction company will benefit as consumers look for
bargains this holiday season.
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The Dow Jones Industrial Average fell 94.2 points, or 0.59%, to
15915, the S&P 500 dipped 5.8 points, or 0.32%, to 1795 and the
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APPLE INC....
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5 Common Debt
Tuesday.
The benchmark 10-year yield climbed for three days in a row ended
Monday in the biggest such rise since November as traders sold the
U.S. debt.
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Jobs Reports
"After the impressive gains seen just over the past month, anything
would be enough to see a breather in stocks but there is nothing more
positions."
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+2.74%
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APPLE INC.
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-1.21%
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Today
GE
-0.38%
GENERAL ELECT...
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XOM
+0.93%
EXXONMOBIL CO...
Today
The economic docket is light on the day, with a report due on the
services sector from the Institute from Supply Management due out at
10:00 a.m. ET. The Big Three U.S. automakers also report monthly
sales on the day. Chrysler said its U.S. sales jumped 16% in
November.
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Major automakers were in the spotlight Tuesday, as they released monthly sales figures. Sales jumped 14% in November at
General Motors ( GM, Fortune 500), while Ford ( F, Fortune 500) reported a 7.1% increase. Toyota ( TM) delivered a
10% rise and sales at Chrysler, which is set to go public early next year, grew 16%.
Despite the positive sales, auto stocks were trading lower.
"All the numbers for $F are good except freakin' stock price," said StockTwits user CurmudgeonBoy. "Bah!"
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But other traders noted that it's been a pretty good year for auto stocks so far.
"Seeing a lot of investors and traders frustrated with $F," said scheplick. "It's had a great run this year. Plus a decent
dividend along the way."
Related: Bill Gross: Don't fight the Fed, but be wary
While the major auto makers suffered, Tesla ( TSLA) shares surged after the German Federal Motor Transport Authority
concluded its investigation into the three recent battery fires in Model S vehicles and found "no manufacturer-related
defects."
Last month, Tesla CEO Elon Musk said there was no reason the company would need to recall any vehicles due to the
fires.
That made most StockTwits traders optimistic that Tesla shares were finally recovering from a two-month lull.
"$TSLA on the road to previous highs?" wondered Northbound_Trader, adding that he was bullish.
"$TSLA BUY THIS STOCK AND DON"T LOOK BACK!" said hvalentino.
But others were more cautious. StockTwits user soopy9 said "$TSLA looks like it's setting up for quite the hangover."
Retail was also back in focus Tuesday. While disappointing Black Friday sales weighed on retailers and the broader
market Monday, strong Cyber Monday sales were encouraging.
Also in the retail world, teen-focused Abercrombie & Fitch ( ANF) was sharply higher after activist firm Engaged Capital
sent a letter to the company's board saying that it needs to start searching for a successor to CEO Michael Jefferies, whose
contract is due to expire February 1.
But traders were skeptical about the strength behind the day's gains, as the company has been struggling to attract
customers, and the stock has been suffering.
"$ANF How much gains do you think you are going to give up by the end of the day?" quipped fgamarni. "Half ?"
And finally, Sony (
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Volatile Sensex snaps 3-day winning run, down over 43 points - The Hindu
Business Markets
Published: December 3, 2013 16:36 IST | Updated: December 3, 2013 16:36 IST
In volatile trade, the benchmark Sensex broke a three-day upmove and closed 43.09 points down on Tuesday on
emergence of profit-booking and weak global cues, amid renewed fears of US Fed tapering its economic stimulus.
PTI
Sectors including FMCG, consumer durables and banking saw selling while realty, oil and metal scrips witnessed
buying.
The Sensex, which had gained 477.75 points in the previous three sessions and touched a one-month high, resumed
lower reacting to tepid global markets. Later, it hit a high of 20,927.05 but could not sustain gains. The index finally
closed down 43.09 points, or 0.21 per cent, at 20,854.92.
Losses in ITC, Larsen & Toubro and HDFC Bank shares dragged the 30-share barometer lower. Dr Reddys Lab and
Sesa Sterlite were the biggest laggards. On the other hand, gains in RIL, GAIL and Infosys shares cushioned the drop.
Brokers said profit-booking was triggered by a weakening trend in global markets nature following three days of
gains.
The 50-share NSE index Nifty fell by 16 points, or 0.26 per cent to end at 6,201.85. Also, SX40 index of MCX Stock
Exchange ended almost flat at 12,371.94, down 3.82 points.
Nifty oscillated throughout the day within a mere range of 20 points as it nears the upper end of the broad range.
The broad trading range continues to be 6250-5950. Hence, the existing up move may extend by another 50-60 odd
points, said Shubham Agarwal, Associate VP & Senior Technical Equities Analyst, Motilal Oswal Securities.
Analysts said the Asian markets ended weak followed by a lower opening in Europe as investors awaited US jobs data.
Recent economic growth signals have sparked off fresh fears of the US Federal Reserve tapering its USD 85 billion
monthly bond buys, they added.
www.thehindu.com/business/markets/volatile-sensex-snaps-3day-winning-run-down-over-43-points/article5417970.ece?css=print
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Volatile Sensex snaps 3-day winning run, down over 43 points - The Hindu
Overall, seven of the 13 BSE sectoral indices closed in the red. The FMCG sector index suffered the most by losing 0.83
per cent, follwed by consumer durables (0.58 per cent), banking index (0.56 per cent) and auto index (0.43 per cent).
Keywords: Bombay Stock Exchange, Sensex, BSE, NSE, Nifty, Indian stock market, closing trade
Printable version | Dec 5, 2013 5:32:08 AM | http://www.thehindu.com/business/markets/volatile-sensex-snaps3day-winning-run-down-over-43-points/article5417970.ece
The Hindu
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Jobs Reports
month prior, coming in just slightly higher than estimates of $40 billion.
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TOTAL SHARES
Stocks ended mixed Wednesday as investors tried to make sense of better-than expected economic reports and gauge the
mindset of the Federal Reserve.
The Dow Jones Industrial Average and the S&P 500 closed modestly lower, while the Nasdaq managed to notch out
slight a gain. The Dow and S&P 500 have fallen for the past four days.
Investors were paying close attention to economic data. In its Beige Book report on regional economic activity, the Fed said
the economy expanded at a "modest to moderate pace" from early October to mid-November.
It noted gains in the auto and high-tech industries and reported that retailers are "hopeful, but cautious" about the holiday
shopping season.
Investors remain fixated on clues as to when the Fed might pull back, or taper, its $85 billion per month bond buying
program.
The three indexes were in the green earlier Wednesday after the Census Bureau said sales of new single family
residential homes rose 25% in October compared to September, topping economists' expectations.
That report came after payroll processor ADP ( ADP, Fortune 500) reported that 215,000 private-sector jobs were
added in November -- well above the 160,000 gain that was expected.
Bond investors stayed focused on when the Fed might taper. The yield on the 10-year Treasury note was 2.83% after
spiking to 2.85% earlier in the day, near the year's high of almost 3% back in September.
At that time, investors feared the Fed would taper at its meeting in September. It didn't. But some experts believe that the
Fed could now announce it is pulling back on stimulus at the conclusion of its next meeting on December 18.
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In corporate news, J.C. Penney ( JCP, Fortune 500) said Tuesday that same-store sales in November grew 10% from the
same period last year. The stock, which has been the worst performer on the S&P 500 this year, is in the midst of a
turnaround and has caught the attention of some major hedge funds.
But investors seemed unimpressed with the decent November sales. Shares of J.C. Penney ended the day down over 4%.
Despite that, one trader on StockTwits was bullish that it would bounce back by the end of the day.
$JCP green by close," said Jason100.
That didn't happen. Others were optimistic, but acknowledged it's a difficult trade.
"$JCP only patient ppl or idiots can win this stock LOL", said Smellyegg.
Shares of Deere ( DE, Fortune 500) jumped over 3% after the agricultural machinery giant announced it boosted its share
repurchase program.
"Stopped out of $DE ystdy after holding for 2 weeks & today they announce buyback" said Sspencer_smb, a StockTwits
trader who worried he missed out on the stock's recent move.
Another mover was Hewlett-Packard ( HPQ, Fortune 500), which closed more than 2% higher after reports that the PC
and printer maker plans to shed 1,100 jobs in its U.K. unit.
StockTwits trader Shaggyeleven was not buying the stock for now, but is keeping a close eye on it.
"$HPQ not in, watching, if keeps moving like this, thinking, I'm missing something."
Also trending on StockTwits: Apple (
Shares of the iPad maker have surged back to life in recent months, gaining almost 50% from its 52-week low earlier
this year. Activist investor Carl Icahn reiterated in an interview with Time Wednesday that he wants the company to buy
back more of its stock.
"$AAPL slow and steady rise the rest of the day" said trader ChazMac09.
Facebook ( FB, Fortune 500)shares jumped 4%, giving it an overall gain of over 82% since January. There was a lot of
chatter that the social networking stock could soon be added to the S&P 500.
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Sensex slips 146 points as stocks fall for the second day - The Hindu
Business Markets
Published: December 4, 2013 16:52 IST | Updated: December 4, 2013 17:08 IST
Sensex slips 146 points as stocks fall for the second day
PTI
The benchmark Sensex buckled under selling pressure in the second half of trade on Wednesday and fell over 146
points as rising crude oil prices renewed fears of inflation, amid investors adopting a cautious stance ahead of state
election results.
After losing 43.09 points on Tuesday, trading in Sensex began on a quiet note as barometer remained in a tight
range.
However, the markets started showing cracks around 1400 hours.
Hurt by losses in ITC, ICICI Bank, HDFC and Tata Motors, the Sensex lost 146.21 points, or 0.70 per cent, to end the
session at 20,708.71. 19 constituents of 30-share Sensex fell.
Brokers said domestic stocks fell after a US crude oil benchmark rose to over an five-week high after reports said there
was a drop 12.4 million barrels in inventories. WTI crude was trading at USD 97.3 level when Indian market closed.
Profit-booking ahead of state polls results and speculation that US may taper its bond buying programme soonerthan-expected also hit market sentiment, they added.
On similar lines, the 50-share National Stock Exchange index Nifty declined by 40.90 points, or 0.66 per cent, to
6,160.95 led by stocks of realty, auto and banking shares.
Also, SX40 index, the flagship index of MCX-SX, closed down 64.87 points, or 0.52 per cent, at 12,307.07.
Sectorally, the BSE Realty sector index suffered the most by losing 2.67 per cent, followed by FMCG index (1.36 per
cent), Auto index (1.05 per cent) and Capital Goods index (0.99 per cent).
Globally, Asian indices closed weak and Europe opened lower anticipating that the upcoming US employment data
would give more evidence that growth is back in worlds largest economy, said experts.
Keywords: BSE, NSE, Sensex, Nifty, Asian stock markets, closing trade
Printable version | Dec 5, 2013 5:32:28 AM | http://www.thehindu.com/business/markets/sensex-slips-146-pointsas-stocks-fall-for-the-second-day/article5420768.ece
www.thehindu.com/business/markets/sensex-slips-146-points-as-stocks-fall-for-the-second-day/article5420768.ece?css=print
1/2
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Sensex slips 146 points as stocks fall for the second day - The Hindu
The Hindu
www.thehindu.com/business/markets/sensex-slips-146-points-as-stocks-fall-for-the-second-day/article5420768.ece?css=print
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Business Markets
Published: December 10, 2013 17:13 IST | Updated: December 10, 2013 17:13 IST
The benchmark Sensex fell for the first time in 4 days and closed 71.16 points down on Tuesday hurt by losses in
power, capital goods and banking shares, amid profit-booking after the recent rise took it to a record high.
PTI
Shares of Sensex constituent NTPC, which tanked over 11 per cent, led the power sector lower on worries the proposed
electricity tariff regulation would hit earnings.
Bluechips, including ICICI Bank, L&T and BHEL, slid 3-4 per cent after market participants book profits in the
backdrop of 618-point surge in Sensex in the previous three days. However, rise in IT stocks capped the indexs losses.
The Sensex, which had climbed to an all-time closing high of 21,326.42 in the previous session, fell by 71.16 points, or
0.33 per cent to 21,255.26. Intra-day, the gauge moved between 21,175.08 and 21,327.75.
Trading sentiment was also dampened on a weakening Asian trend and lower opening in Europe as reports said
Chinese industrial production rose less-than-estimated last month.
Apart from these factors, markets also saw selling pressure after Fitch expressed fears that the defeat of Congress in
four of the five state assembly polls could lead to higher fiscal deficit target as the government would be constrained
to curb expenditure.
The 50-share National Stock Exchange index Nifty fell by 31.05 points, or 0.49 per cent, to end at 6,332.85. It had
climbed to a record high of 6,363.90 yesterday. Also, SX40 index, the flagship index of MCX-SX, dropped 18.59
points or 0.15 per cent to end at 12,616.20.
In PSU power shares, besides NTPC, NHPC, Power Grid and SJVN fell in 1-3 per cent range. Private sector peers,
Reliance Power and Tata Power also logged losses.
CERC has announced its draft tariff regulations for FY15-19...We see huge negative impact for NTPC mainly from
www.samachar.com/Profitbooking-drags-Sensex-down-71-points-nmkrLPfcdge.html
1/2
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shift of incentives to PLF from PAF and no tax grossing up of RoE. However, we see lower impact for PGCIL, NHPC
and SJVN, said Amit Golchha, Research Analyst, Emkay Global Financial Services in a report.
Sectorally, besides BSE Power which fell 4.12 per cent, BSE Capital Goods index slipped by 2.98 per cent, BSE
Banking index lost 1.78 per cent and BSE Realty index by 1.48 per cent.
Keywords: sensex, Bombay Stock Exchange, BSE, NSE, Nifty, closing trade
Printable version | Dec 17, 2013 6:51:55 AM | http://www.thehindu.com/business/markets/profitbooking-dragssensex-down-71-points/article5444174.ece
The Hindu
www.samachar.com/Profitbooking-drags-Sensex-down-71-points-nmkrLPfcdge.html
2/2
12/16/13
Business Markets
Published: December 11, 2013 16:49 IST | Updated: December 11, 2013 16:49 IST
The benchmark Sensex fell for the second day on Wednesday and dropped nearly 84 points on weak global cues and
concerns over export growth deceleration in November, amid cautious trading ahead of industrial production and
inflation data tomorrow.
The Sensex, which had lost 71 points in the previous session, fell further by 83.85 points, or 0.39 per cent to 21,171.41,
after touching the days low of 21,069.45.
Overall, 19 constituents including Tata Motors, L&T and SBI of the 30-share index fell. NTPC and HDFC were among
the 10 gainers. Cipla was unchanged.
Sentiment dampened after export growth decelerated to 5.9 per cent YoY in November, following four consecutive
months of double-digit growth. Indecision was also seen ahead of the November retail inflation and October IIP, said
traders.
Brokers said the market was in an overbought position in past few sessions and that lured investors to book profits.
The Sensex had climbed to an all-time high of 21,484.74 intra-day on December 9, after a good showing by main
opposition BJP party in Assembly elections in four states.
Investors also reduced their holdings before policy meetings by the RBI and the U.S. Fed Open Market Committee
next week, brokers added.
The broad-based National Stock Exchange index Nifty lost 24.95 points, or 0.39 per cent, to end at 6,307.90. Also,
SX40 index of MCX Stock Exchange fell 46.69 points to 12,569.51.
Sectorally, the BSE Capital goods sector index suffered the most by losing 1.39 per cent, followed by auto index (down
1.05 per cent), oil and gas index (0.86 per cent) and metal index (0.63 per cent). FMCG index was the lone gainer.
www.samachar.com/Sensex-drops-for-second-day-down-84-points-nmlrLAehjeb.html
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A weakening trend in the Asian region and lower opening in Europe further influenced the domestic market.
Yesterday, reports said U.S. employers advertised the most job openings in more than five years in October, and the
number of people quitting also reached a five-year high. This aided bets that a US budget agreement will boost
prospects for tapering the Federal Reserves stimulus programme.
Budget negotiators have unveiled a pact to ease automatic spending cuts by around $ 60 billion over two years and
cut the US deficit by around $ 23 billion.
Keywords: Bombay Stock Exchange, Sensex, Export growth
Printable version | Dec 17, 2013 6:50:36 AM | http://www.thehindu.com/business/markets/sensex-drops-for-secondday-down-84-points/article5447884.ece
The Hindu
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The Dow Jones industrial average (DJI) fell 59.69 points, or 0.38
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the Fed's tapering of its stimulative bond buying. The U.S. dollar rose
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Business Markets
Published: December 13, 2013 16:28 IST | Updated: December 14, 2013 00:42 IST
With markets expecting a rate hike when the Reserve Bank of India (RBI) reviews its monetary policy next week, the
benchmark indices dipped again by around one per cent and the rupee closed lower against the dollar on Friday.
As the RBI Governor Raghuram Rajan indicated that he is not comfortable with the rising inflation, especially retail
inflation, market participants believe that a rate hike is imminent despite fall in growth rate.
Rupee weak
The rupee closed at 62.13 a dollar on Friday compared to its previous close of 61.81 on Thursday. The rupee weakened
to 62.28 intra-day.
The BSE 30-share Sensitive Index (Sensex) closed at 20715.58 with a loss of 210.03 or one per cent.
The rate sensitive bank stocks dragged down the indices by 2.25 per cent followed by power (2.22 per cent), realty
(2.10 per cent), capital goods (1.86 per cent) and oil and gas (1.10 per cent).
Except information technology stocks all other sectoral indices ended in the red. On BSE, the mid-cap stocks hit the
worst with 1.26 per cent while small cap stocks were down by 0.95 per cent.
Among the broader indices, BSE 100 and BSE 200 dipped by 1.16 per cent per cent each and BSE 500 was down by
1.15 per cent.
The 50-share Nifty of the National Stock Exchange (NSE) lost 68.65 points to close at 6168.40.
On the last trading session of the week, the Nifty was seen struggling from the beginning and kept the negative bias
intact till the end. It was seen as reaction to double whammy of contraction in IIP and surge in retail inflation, said
Jayant Manglik, President-retail distribution, Religare Securities.
Due to successive declines in the last four sessions, we may see some technical rebound on Monday especially in
oversold positions, said Mr. Manglik.
Keywords: Sensex, Nifty, BSE, NSE, closing trade
Printable version | Jan 20, 2014 7:44:36 AM | http://www.thehindu.com/business/markets/stocks-dipagain/article5455704.ece
The Hindu
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1/1
1/19/14
www.thehindu.com/todays-paper/tp-business/sensex-down-on-rate-hike-fears/article5467990.ece?css=print
1/1
1/19/14
Business Markets
Published: December 19, 2013 16:30 IST | Updated: December 19, 2013 16:36 IST
Selling pressure was seen in banking, refinery, power, capital goods and realty sectors on fears of a slowdown in foreign capital inflows.
File photo
The Hindu
Hit by fears over the impact of the US Fed announcing a cut in its stimulus, the benchmark Sensex dived over 151
points at the close on Thursday on selling in banking, capital goods and power shares.
The Federal Open Market Committee on Wednesday announced a plan to cut monthly bond purchases to USD 75
billion from next month compared to USD 85 billion now, a decision that is expected to cause some volatility in
emerging market assets.
After opening with a 100-point rise on firm Asian cues, the Sensex hit days high of 21,017.45 but the gains proved to
be short-lived as nervous investors resorted to selling. It fell by 151.24 points, or 0.73 per cent, to 20,708.62.
In the 30-share index index, 19 stocks led by Reliance Industries, ICICI Bank, State Bank of India, ITC, HDFC Bank,
Hero MotoCorp and Larsen & Toubro dropped.
Emerging market economies (EMEs) have been caught off guard on the timing of the Fed decision, as consensus
seemed set on March 2014. Chances of a capital flight to the US and a strong USD are real, and EMEs could suffer as
higher than expected equity and debt outflows can materialise than already priced in, said Ashish Kumar,
Economist, Elara Securities in a report.
Finance Minister P Chidambaram tried to calm the sentiments by assuring that the government could take more
steps to deal with emerging situation.
I think the consequence should not be large. Even if there are some consequences then I think we are better
prepared, he said in New Delhi.
In the currency markets, the rupee was trading lower at 62.18 versus dollar. The dollar climbed against most of its 16
major counterparts after the US Feds taper decision.
On Wednesday, the Sensex had snapped a six-day falling streak to rise by 248 points after the RBIs surprise decision
to maintain a status quo on policy rates.
The National Stock Exchange index Nifty declined by 50.50 points, or 0.81 per cent, to 6,166.65. after touching the
www.thehindu.com/business/markets/sensex-falls-151-points/article5477399.ece?css=print
1/2
1/19/14
days high of 6,263.75. Also, SX40 index, the flagship index of MCXSX fell 63.06 points to end at 12,336.53.
Sectorally, the BSE Banking sector index suffered the most falling 2.43 per cent, followed by capital goods index (1.91
per cent), Oil and Gas index (1.23 per cent) and Power index (1.02 per cent).
Keywords: Sensex close, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock
market, Federal Reserve tapering
Printable version | Jan 20, 2014 7:47:36 AM | http://www.thehindu.com/business/markets/sensex-falls-151points/article5477399.ece
The Hindu
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1/2/14
Sensex falls 252 points to end below 21,000 level - The Hindu
Business Markets
Published: January 2, 2014 16:42 IST | Updated: January 2, 2014 20:39 IST
PTI Graphics
The benchmark Sensex on Thursday gave up initial gains to end lower by 252 points, logging its biggest drop since
November 21, on late profit-taking in bluechips, including ITC, L&T, ICICI Bank and RIL, amid mixed global cues
after disappointing Chinese data.
Selling was widespread with realty, capital goods, power and banking being among the worst hit. The IT sector, which
earns most revenues in dollar, escaped unscathed as the rupee slipped below the 62-mark against the US currency.
Falling for the second day in a row this calendar year, the Sensex closed at 20,888.33, down 252.15 points, or 1.19 per
cent after surging about 190 points intra-day to touch 21,331.32. On Wednesday, it had slipped by 30.20 points.
On November 21, 2013, the Sensex had slid 406.08 points.
Brokers said investors were seen booking profits after Sensex rose by around 9 per cent in 2013 as recent economic
data brought back the haze over domestic outlook, while global growth indicators still appear shaky.
Data on Wednesday showed Chinas Purchasing Managers Index slipped to a 4-month low in December, while
another report today indicated that manufacturing rose at a slow pace.
The broad-based National Stock Exchange index Nifty dropped by 80.50 points, or 1.28 per cent, to end at 6,221.15,
after climbing to 6,358.30 at the outset.
Also, SX40 index, the flagship index of MCX-SX, closed at 12,435.29, down 142.23 points.
In the 30-scrip Sensex, 25 stocks fell while five shares, including TCS, Infosys and Sun Pharma, ended in the green.
The BSE Realty sector index fell the most by losing 3.07 per cent, followed by Capital Goods index (2.84 per cent),
Power index (2.09 per cent) and Banking index (1.82 per cent).
In Asia, Kospi and Shanghai Composite fell while Nikkei, Strait Times and Hang Seng rose. However, FTSE, CAC and
DAX indices in Europe were trading lower in afternoon trade.
Keywords: BSE, NSE, Sensex, Nifty, Chinese data, stock markets
www.thehindu.com/business/markets/sensex-falls-252-points-to-end-below-21000-level/article5530202.ece?css=print
1/2
1/2/14
Sensex falls 252 points to end below 21,000 level - The Hindu
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2/2
1/19/14
61
61
TOTAL SHARES
Stocks got off to a weak start for the year, as investors took a step back amid worries about slowing economic growth in China.
The Dow fell more than 130 points, or nearly 1%. The S&P 500 and Nasdaq also declined about 1%. This is the first time markets
started the year on a down note since 2008.
Investors were in a cautious mood after data showed that China's factories lost some momentum in December, adding to fears
that the world's second-largest economy may soften in the new year.
Economic data in the United States wasn't all that positive either. Manufacturing activity grew in December, but at a slightly
slower pace than the previous month, according to the Institute for Supply Management's index. Initial jobless claims fell for a
second straight week but came in slightly higher than expectations.
Trading volume will likely remain light this week as many traders are still away for the holidays.
Related: Click here for more on stocks, bonds, currencies and commodities
FIADF) jumped 16% in Milan after the Italian automaker announced Wednesday it was
A series of upgrades and downgrades from Wall Street analysts sent a number of big stocks moving.
Shares of Apple (
"outperform."
Sprint (
AAPL, Fortune 500) slid after Wells Fargo downgraded the iPhone maker to "market-perform" from
S, Fortune 500) moved lower following a downgrade from Cowen & Co.
money.cnn.com/2014/01/02/investing/stocks-markets/
1/3
1/19/14
URBN)
BAC, Fortune 500) shares gained ground after Citigroup analysts upgraded the stock to a "buy" from
Traders on StockTwits thought Bank of America's strong start to the year could mean good things for the financial sector in
2014.
"$BAC Doors of reality waking up for some, as financials will be a huge winner in 14...Bullish," said traderrick1.
"I'd like to know where all the people who said $BAC going out of business are now," said micmaher. "Stronger U.S. economy
and steeper yield curve = profits. Bullish."
U.S. stocks finished higher Tuesday -- the final trading day of 2013 -- with the Dow and S&P closing out 2013 with record highs.
The Dow ended the year with a 26% gain, while the S&P 500 jumped more than 29% and the Nasdaq surged nearly 40%.
Markets were closed around the world Wednesday for the New Year's holiday.
Related: Which world markets will be hot in 2014?
European markets closed the first day of the year lower, with France's CAC 40 index and Germany's DAX declining by 1.6%.
Most Asian markets ended the day with small gains. The Shanghai Composite index moved up nearly 1%. The Tokyo Stock
Exchange was closed for an extended New Year break.
money.cnn.com/2014/01/02/investing/stocks-markets/
2/3
1/19/14
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3/3
1/2/14
$107.78
-3.02 -2.80%
2014.01.02 end-of-day
$95.44
-3.12%
-2.98
2014.01.02 end-of-day
Commodities
Crud e Oil
95.44
-3.12%
Na tura l G a s
4.32
+2.11%
G a soline
2.69
-3.37%
He a ting Oil
2.99
-2.63%
G old
1225.00
+1.89%
Silve r
20.10
+3.78%
Cop p e r
3.43
-0.29%
2014.01.02 end-of-day
Price
Change
2014.01.02 - $ 95.44
-2.98 -3.12%
1 Year Forecast
$109 / Barrel
1/2
1/2/14
Canvassed in Crimson: Bears Storm the Street in '14 Debut | Fox Business
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The Dow Jones Industrial Average fell 135 points, or 0.82%, to
5 Gloom-and-Doomy
Market Predictions
16441, the S&P 500 dipped 16.4 points, or 0.89%, to 1832 and the
of 2013
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improving and the Federal Reserve keeps its foot squarely on the
economic accelerator.
There is "a lot of re-maneuvering of positions held into year end," said
Since 2012
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1/3
1/2/14
Canvassed in Crimson: Bears Storm the Street in '14 Debut | Fox Business
The number of Americans filing for initial jobless claims fell to 339,000
Jobs Reports
last week from an upwardly revised 341,000 the week prior. Wall
Street expected claims to rise to 339,000 from an initially reported
338,000, according to data from FactSet.
The Institute for Supply Management said its gauge of factory activity
slowed to 57 in December, matching Wall Street estimates, from 57.3
In corporate news, Fiat said it will buy the remainder of Chrysler from
a United Auto Workers trust for $4.35 billion. The move sent Fiat
shares zooming higher in Italy. SAC Capital's Steve Cohen revealed
a 5% stake in funky footwear maker Crocs (CROX).
Energy futures were lower. U.S. crude oil tumbled $2.98, or 3%, to
$95.44 a barrel. Wholesale New York Harbor gasoline fell 0.07% to
$2.786 a gallon. Gold rallied $22.90, or 1.9%, to $1,225 a troy ounce.
Follow Adam Samson on Twitter @adamsamson.
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Sensex drops 252 points, biggest fall in six weeks - The Hindu
www.thehindu.com/todays-paper/tp-business/sensex-drops-252-points-biggest-fall-in-six-weeks/article5532481.ece?css=print
1/1
1/4/14
$106.89
-0.89 -0.83%
2014.01.03 end-of-day
$93.96
-1.58%
-1.48
2014.01.03 end-of-day
Commodities
Crud e Oil
93.96
-1.58%
Na tura l G a s
4.30
-0.39%
G a soline
2.65
-1.74%
He a ting Oil
2.94
-1.61%
G old
1238.40
+1.08%
Silve r
20.18
+0.42%
Cop p e r
3.41
-0.75%
2014.01.03 end-of-day
Price
Change
2014.01.03 - $ 93.96
-1.48 -1.58%
1 Year Forecast
$108 / Barrel
1/2
1/19/14
72
36
TOTAL SHARES
Investors returned from the holidays in a cautious mood, starting the first full week of 2014 with some light selling.
The Dow Jones industrial average, the S&P 500 and the Nasdaq all ended Monday modestly lower.
And there's a new index in town! CNNMoney's Tech 30 Index made its debut. The index is designed to give investors a snapshot
of 30 tech industry leaders around the globe.
The index includes U.S. tech heavyweights such as Apple ( AAPL, Fortune 500), Google ( GOOG, Fortune 500), Microsoft
( MSFT, Fortune 500) and Facebook ( FB, Fortune 500) as well as international companies Baidu ( BIDU) and SAP ( SAP).
The Tech 30 was up slightly.
After starting the year with a lackluster performance last week, stocks could continue to tread water in the run-up to Friday's big
jobs report.
Investors are also awaiting the release of minutes from the Federal Reserve's December meeting, when it announced plans to
trim its monthly bond purchases by $10 billion to $75 billion beginning this month.
Later Monday, the U.S. Senate is expected to confirm Janet Yellen to serve as the next chair of the Federal Reserve, after Ben
Bernanke's second term ends in January.
Related: Read more about CNNMoney's new Tech 30 index
Fool's gold? Gold prices briefly plunged $30 an ounce before bouncing back. The move triggered a 10 second pause in trading
after a "velocity logic event" occurred, according to a spokesman for exchange operator CME Group. Velocity logic events are
relatively common in electronic markets, the spokesman said. They provide a brief window for investors to modify or cancel
orders, he added.
money.cnn.com/2014/01/06/investing/stocks-markets/
1/3
1/19/14
While the CME spokesman said there were no erroneous trades, there was rampant speculation on StockTwits about what
caused the drop. Some compared it to the 2010 Flash Crash in stocks, while others claimed that gold prices are being
manipulated. But most were just trying to figure out what happened.
"Very erratic & unusual trades in $GLD last couple minutes - wonder what that is about - perhaps news pending" said
BenCBanks.
In corporate news, Men's Wearhouse ( MW) launched a hostile bid for rival suit seller Jos. A. Bank ( JOSB). After a series of
friendly offers and counter offers, Men's Wearhouse made a $1.6 billion cash bid and notified that it will nominate two members
for its board of directors.
Related: Fear & Greed Index still shows greed
Liberty Media Corporation ( LMCA) unveiled a complex proposal to take full control of satellite radio company Sirius XM
Holdings ( SIRI) by swapping stock. Liberty already owns a controlling stake in Sirius, but one analyst said the move is linked to
a potential deal between cable companies Charter Communications ( CHTR, Fortune 500) and Time Warner Cable ( TWC,
Fortune 500).
money.cnn.com/2014/01/06/investing/stocks-markets/
2/3
1/19/14
momentum in December. Many Asian markets ended lower. The latest report from HSBC on China's services sectors showed a
slower rate of growth in December, adding to the downbeat tone.
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3/3
1/6/14
$106.73
-0.16 -0.15%
2014.01.06 end-of-day
$93.43
-0.57%
-0.53
2014.01.06 end-of-day
Commodities
Crud e Oil
93.43
-0.57%
Na tura l G a s
4.31
G a soline
2.65
He a ting Oil
2.94
G old
1237.80
-0.05%
Silve r
20.08
-0.52%
Cop p e r
3.41
+0.18%
2014.01.06 end-of-day
Price
Change
2014.01.06 - $ 93.43
-0.53 -0.57%
1 Year Forecast
$107 / Barrel
1/2
1/19/14
www.thehindu.com/todays-paper/tp-business/sensex-down-64-points/article5547457.ece?css=print
1/1
1/8/14
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The broad S&P 500 edged lower, while the Dow took heavier losses,
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The Dow Jones Industrial Average (DJI) fell 68.2 points, or 0.41%, to
16463, the S&P 500 (GSPC) dipped 0.39 point, or 0.02%, to 1838
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What's this?
were added in December, well above estimates of 200,000. The the data
Jobs Reports
come ahead of the all-important monthly jobs report from the Labor
Department, which comes out Friday. Several economists, including
those at Goldman Sachs, have warned cold weather that's swept
across the country represents a downside risk to these data.
Minutes from the Federal Reserves December policy-setting meeting
indicated the central bank is increasingly concerned about inflation
levels that are running well below the targeted rate even as the U.S.
GRNH
+53.46%
GREENGRO TECH
Today
0.80
MDBX
-28.15%
Today
CBIS
+31.67%
CANNABIS SCIE...
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+1.04%
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+0.63%
543.46
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3/3
1/10/14
$106.39
-0.76 -0.71%
2014.01.09 end-of-day
$91.66
-0.73%
-0.67
2014.01.09 end-of-day
Commodities
Crud e Oil
91.66
-0.73%
Na tura l G a s
4.01
-5.27%
G a soline
2.64
-0.52%
He a ting Oil
2.92
-0.96%
G old
1229.30
+0.33%
Silve r
19.66
+0.74%
Cop p e r
3.35
-1.18%
2014.01.09 end-of-day
Price
Change
2014.01.09 - $ 91.66
-0.67 -0.73%
1 Year Forecast
$105 / Barrel
1/2
1/14/14
$106.75
-0.50 -0.47%
2014.01.13 end-of-day
$91.80
-1.00%
-0.92
2014.01.13 end-of-day
Commodities
Crud e Oil
91.80
-1.00%
Na tura l G a s
4.27
+5.17%
G a soline
2.63
-1.33%
He a ting Oil
2.93
-0.25%
G old
1250.90
+0.34%
Silve r
20.36
+0.79%
Cop p e r
3.40
+0.38%
2014.01.13 end-of-day
Price
Change
2014.01.13 - $ 91.80
-0.92 -1.00%
1 Year Forecast
$105 / Barrel
1/2
1/14/14
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Today's Markets
for $13.6B
The Dow Jones Industrial Average fell 179 points, or 1.1%, to 16258,
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the S&P 500 skidded 23.2 points, or 1.3%, to 1819 and the Nasdaq
Aluminum
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Wall Street Slides
wavering in a fairly tight range. It's been quite the contrast to the nearly
as Gloomier Picture
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remains strong and Treasury bond yields are remaining stable. The
www.foxbusiness.com/markets/2014/01/13/bulls-in-hiding-wall-street-tumbles-1/
1/3
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yield on the 10-year Treasury bond fell just 0.031 percentage point to
What's this?
Jobs Reports
September.
A busy week could help provide more direction. Many of the biggest
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90
90
TOTAL SHARES
Investors moved to the sidelines Monday as they wait for a slew of corporate earnings reports later this week.
The Dow Jones industrial average fell 179 points, the worst one-day point drop in more than three months. The S&P 500 and
the Nasdaq were both down more than 1%. CNNMoney's Tech 30 index also fell, despite gains in Twitter ( TWTR), HewlettPackard ( HPQ, Fortune 500) and Netflix ( NFLX).
In other Tech 30 news, Google ( GOOG, Fortune 500) announced after the closing bell that it planned to buy Nest Labs, which
makes home automation technology, for $3.2 billion.
Investors are still digesting Friday's jobs report, which showed a big slowdown in job creation in the final month of 2013.
Despite the lousy jobs news, stocks managed to end higher Friday as investors generally believe the economy will continue to
improve in 2014.
The slowdown in hiring raised questions about the Federal Reserve's plan to cut back on, or taper, its bond buying program. The
Fed has announced plans to trim its purchases by $10 billion to $75 billion beginning this month.
Stocks were lower all day but extended their declines after Atlanta Fed President Dennis Lockhart said he would support
further tapering this year, assuming the economy continues to improve. However, Lockhart is not a voting member of the Fed's
policy committee and his comments were similar to previous statements.
Economists say the Fed will probably wait to see if the December payroll report was an anomaly before making any major
changes to monetary policy.
Related: Wolves of Wall Street to report earnings
Now investors are looking ahead to the first big round of fourth quarter earnings coming later in the week.
money.cnn.com/2014/01/13/investing/stocks-markets/
1/3
1/19/14
JPMorgan Chase ( JPM, Fortune 500) and Wells Fargo ( WFC, Fortune 500) are scheduled to report Tuesday morning, while
other big banks Bank of America ( BAC, Fortune 500), Citigroup ( C, Fortune 500), Goldman Sachs ( GS, Fortune 500) and
Morgan Stanley ( MS, Fortune 500) are also on tap to report their results.
The financial sector is expected to post the biggest profit growth in the quarter, according to FactSet. But some investors worry
that banks' revenue could be hurt by a slowdown in trading activity, particularly in the bond market.
Dow components General Electric (
Overall, FactSet expects earnings for the companies in the S&P 500 to be up 6.1% in the quarter.
Yet there has been an unusually high number of companies warning in advance that earnings will be below expectations. As of
Friday, 88 companies in the S&P 500 had issued negative earnings guidance. That trend continued Monday with two more
companies issuing profit warnings.
Related: Fear & Greed Index remains in Greed mode
What's moving: Yoga apparel retailer Lululemon ( LULU) cut its fourth quarter earnings guidance, saying that traffic and sales
have declined since the beginning of January. The stock tanked on the news, and at least one trader said Lululemon's products
are simply too expensive for most consumers.
"$LULU Guys, I'm looking for a $120 stretch pants that I can only wear when I work out. Oh wait, I'm not crazy," said StockTwits
user Sane.
money.cnn.com/2014/01/13/investing/stocks-markets/
2/3
1/19/14
SeaWorld was the subject of a documentary that aired on CNN last year called Blackfish, which focuses on the dangers of
keeping killer wales in captivity. Shares fell 14% in 2013.
Netflix shares jumped although there was no company specific news to explain it. One trader speculated that the Golden Globe
victory for Robin Wright, star of the Netflix series House of Cards, could be a catalyst
"Looks like the Golden Globes wins really helped $NFLX this morning," said TheDayTradette.
Related: Ford unveils all-new F-150 in Detroit
Shares of General Motors ( GM, Fortune 500) and Ford ( F, Fortune 500) were little changed Monday as Detroit hosts the
North American International Auto show. Major automakers use the event to showcase their newest vehicles and innovations.
European markets edged higher. Asian markets ended with mixed results.
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3/3
1/15/14
$106.39
-0.36 -0.34%
2014.01.14 end-of-day
Commodities
Crud e Oil
92.59
+0.85%
Na tura l G a s
4.37
+2.17%
G a soline
2.62
-0.45%
He a ting Oil
2.94
G old
1245.20
-0.46%
Silve r
20.25
-0.54%
Cop p e r
3.39
-0.35%
2014.01.14 end-of-day
Price
Change
2014.01.14 - $ 92.59
0.79 0.85%
1 Year Forecast
$106 / Barrel
file:///B:/Users/Srinivas V. Vadde/Desktop/Uploaded Links/Crude Oil & Economy Results/Updated Crude Oil and Gas Prices Data/Brent Crude Oil, Gas, and Met
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Also in the retail world, shares of J.C. Penney ( JCP, Fortune 500) declined after the troubled department store owner
announced plans to eliminate 2,000 jobs and close 33 stores.
StockTwits trader SDtrade said closing stores is typically part of a struggling company's turnaround process, so the
announcement shouldn't be a surprise.
money.cnn.com/2014/01/16/investing/stocks-markets/
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"$JCP Just part of their turnaround, who wasn't expecting they close bad stores?" he asked.
Investors were also wading through a number of quarterly results Thursday, including reports from banks Goldman Sachs
( GS, Fortune 500) and Citigroup ( C, Fortune 500).
Citigroup's earnings were the first from the big six banks to disappoint investors. Shares declined more than 4% after reporting
earnings and revenue that fell short of expectations.
Goldman Sachs' earnings were better than analysts' forecasts, but shares were also lower as the bank's profit in the last three
months of 2013 fell 19% from a year earlier.
Shares of Hewlett-Packard (
HPQ, Fortune 500) moved higher as investors grew optimistic about the firm's plans to sell some
money.cnn.com/2014/01/16/investing/stocks-markets/
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new tablets in the Indian market. It was another big winner in the Tech 30 index.
CEC Entertainment, ( CEC) the owner of Chuck E. Cheese, announced that private equity firm Apollo Global Management
( APO) was buying it for $1.3 billion.
Related: Fear & Greed Index continues to show Greed
On the economic front, filings for initial jobless claims fell last week. A reading on consumer prices for December showed that
inflation remains tame.
European and Asian markets posted mixed results.
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Business Markets
Published: January 17, 2014 17:00 IST | Updated: January 17, 2014 17:00 IST
Falling for the second session, the benchmark Sensex on Friday dropped nearly 202 points on selling in shares of TCS,
HDFC and ICICI Bank.
The BSE Sensex, which had lost 24.31 points on Thursday, dropped further by 201.56 points to end at 21,063.62, after
touching an intra-day low of 21,015.61.
TCS dropped 5.77 per cent after analysts said the companys margins for December quarter came below estimates.
Shares of ITC ended 0.26 per cent lower after it reported 16.25 per cent rise in net profit at Rs. 2,385.34 crore for the
third quarter ended December 31. Selling was also seen in HDFC Bank counter after it logged 25.1 per cent jump in
net profit.
Wipro fell over 3 per cent ahead of earnings. RIL, which will also announce earnings after markets close, was
marginally down. Airtel remained weak for the second day.
The 50-share National Stock Exchange index Nifty fell 57.25 points to end at 6,261.65.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock markets, closing
trade
Printable version | Jan 20, 2014 8:05:01 AM | http://www.thehindu.com/business/markets/sensex-falls-nearly-202points/article5586512.ece
The Hindu
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The Dow Jones industrial average tumbled Tuesday on cautious guidance from three blue chip companies, but the broader
market was supported by shares of two big industrial companies.
Although the Dow ended the day lower, it pared its losses during the afternoon. Verizon ( VZ, Fortune 500), Travelers ( TRV,
Fortune 500) and Johnson & Johnson ( JNJ, Fortune 500) all weighed on the 30-stock index. The S&P 500 edged higher thanks
to gains in shares of Dow Chemical ( DOW, Fortune 500) and former Dow component Alcoa ( AA, Fortune 500). The Nasdaq
also moved higher.
BlackBerry ( BBRY) surged amid hopes the smartphone maker's new CEO John Chen will turn the company around. After last
year's drubbing, BlackBerry is the best performing stock in CNNMoney's Tech30 Index so far in 2014. The Tech 30 was higher
Tuesday, largely due to BlackBerry's big pop.
Related: Top stock picks from top pros
Stocks have been off to a rocky start in 2014. After last year's big rally, investors are looking for signs the economy will be strong
enough to keep the bull market going. But with little economic data on the agenda this week, investors are turning their
attention to fourth quarter reports from big U.S. corporations.
Earnings not good enough? Johnson & Johnson reported quarterly results that topped expectations, but shares fell on the
company's cautious outlook for 2014. Earnings at Verizon were also better than expected, while revenue growth was in line.
Travelers reported strong earnings thanks to lower catastrophe losses.
Delta ( DAL, Fortune 500) shares gained after the airline's earnings came in above forecasts. Shares of Halliburton ( HAL,
Fortune 500) fell despite better-than-expected results. Alcoa shares gained after analysts at JPMorgan upgraded the stock.
After the market closed, IBM (
IBM, Fortune 500) reported earnings that topped analysts' expectations. But the stock fell in
money.cnn.com/2014/01/21/investing/stocks-markets/
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1/26/14
Overall, earnings are expected to be up 5.9% in the fourth quarter for the companies in the S&P 500, according to FactSet
Research. A few weeks ago, the forecast was for earnings growth of 6.3%, but the estimate was revised lower this week due to
disappointing reports, including lower profits in the energy sector.
"So far earnings results have been overall supportive of stock prices even as the market has come under some degree of pressure
after a spectacular performance in the year just ended," said John Stoltzfus, chief investment strategist at Oppenheimer.
Related: Fear & Greed Index still shows greed
On the move. BlackBerry's huge surge made it a trending stock on StockTwits, where some investors were feeling vindicated.
Back in Black-Berry
"$BBRY Patient longs are smiling today as others begin to see the value which was so obvious to some earlier," said zamphir.
Other traders were still dubious.
"$BBRY Can't believe this trash is up," said CramericaSucks.
Expedia ( EXPE) shares fell on reports the online travel company has lost 25% of its "search visibility" on the web. But at least
one trader was skeptical about the report.
"I don't think it is wise to exit any existing positions in $EXPE based on news from 1 blog. Especially two weeks before earnings,"
said DanStarr.
Dow Chemical shares jumped after activist investor Dan Loeb's Third Point Capital announced a "significant" stake in the
company.
Loeb wants Dow to spin off its petrochemicals business, which he thinks should be cashing in on the U.S. shale gas boom,
according to a letter posted on hvst.com. But one trader warned that investors who are blindly following Loeb's lead are being
duped.
"$DOW Following one active investor is a 'Sheep Behavior'. He is taking your money," said scottsdalem.
Under Armour ( UA) shares jumped after the sports apparel maker announced a 10-year contract as the exclusive outfitter of
the University of Notre Dame's 26 varsity teams.
European markets ended mixed. Asian markets rose Tuesday, supported by China's central bank injecting billions into the
financial system to boost liquidity. Chinese stocks were also supported by a spate of initial public offerings, which come after
Beijing ended a 14-month IPO ban.
money.cnn.com/2014/01/21/investing/stocks-markets/
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Investors remained in a cautious mood Wednesday following another mixed batch of earnings reports.
The Dow ended lower for a second day in a row, as a disappointing outlook from IBM ( IBM, Fortune 500) weighed on the blue
chip index. IBM shares declined more than 3%. But the S&P 500 and Nasdaq managed to end with small gains. So did
CNNMoney's new Tech 30 index.
StockTwits user and Estimize founder LDrogen noted that there were some bright spots in IBM's earnings, and improvement
could be around the corner.
"$IBM Smarter Planet revs up 20%, Cloud services revs up 69%, future is very bright once they get through the transition," he
said.
But others were skeptical -- and one made a joke about IBM's supercomputer ... and "Jeopardy" champion.
"You think @WarrenBuffett is buying more $IBM right now?" asked DividendBuddy. "@IBMWatson says, "What is I don't think
so." Bearish."
Warren Buffett's Berkshire Hathaway (
BRKA, Fortune 500) has a 6% stake in IBM, making it Big Blue's largest shareholder.
After the closing bell, shares of eBay ( EBAY, Fortune 500) surged 8% after the online auction site barely beat earnings
estimates and disclosed that activist investor Carl Icahn submitted a proposal to spin off PayPal.
EBay said that Icahn acquired a stake in the company earlier this month and planned to put two of his employees on its board of
directors.
money.cnn.com/2014/01/22/investing/stocks-markets/
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1/26/14
Also after the bell, Netflix ( NFLX) delivered better-than-expected fourth quarter earnings and sales. The company also gave
solid guidance for the first quarter of 2014, sending shares up more than 15% in after-hours trading.
Shares of Advanced Micro Devices ( AMD, Fortune 500) tumbled after the company's guidance for the current quarter fell
short of expectations. It's the latest bit of bad news for semiconductor stocks following last week's earnings from Intel ( INTC,
Fortune 500) and the news that Intel was planning to cut jobs this year.
Coach (
COH) shares also fell after the luxury retailer's earnings and sales came in below expectations.
Overall, earnings are expected to be up 5.9% in the fourth quarter for the companies in the S&P 500, according to FactSet
Research.
On the bright side, BlackBerry ( BBRY) shares surged again after the smartphone maker said it was unloading the majority of
its Canadian real estate assets. BlackBerry is the top performer in the Tech 30. Shares have been rising as investors bet that new
CEO John Chen will help put the company back on track.
"$BBRY very hard to watch BB going up weekly," said StockTwits trader brandon123. "I had to dip my toes in it. Everyone roots
for the underdog. Chen making great decisions. Bullish."
Trader duke2duke added that BlackBerry may also be starting to attract attention from hedge funds.
"$BBRY This bullish move is not without reasons," he said. "This stock is undervalued and HFs are seeing that now. Bullish."
Priceline ( PCLN, Fortune 500) shares continued to trade above $1,200 per share, after hitting the milestone for the first time
Tuesday. Priceline has the highest stock price of any company in the S&P 500. Google ( GOOG, Fortune 500) is trailing it with a
price of around $1,165.
And StockTwits trader FirstMileMD said he doesn't care for Icahn or his push for the company to buy back an additional $150
billion of its own stock.
"$AAPL I own the company but not because of Icahn," he said. "I will vote against his proposal. Apple knows what's best for
money.cnn.com/2014/01/22/investing/stocks-markets/
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Apple."
Stocks have been off to a rocky start in 2014 while bonds have actually outperformed. After last year's big rally, investors are
looking for signs the economy will be strong enough to keep the bull market going. But with little economic data on the agenda
this week, investors have turned their attention to earnings from big U.S. corporations.
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money.cnn.com/2014/01/22/investing/stocks-markets/
3/3
1/23/14
$107.58
-0.69 -0.64%
2014.01.23 end-of-day
Commodities
Crud e Oil
97.32
+0.61%
Na tura l G a s
4.73
+0.87%
G a soline
2.66
-0.57%
He a ting Oil
3.08
+1.25%
G old
1262.60
+1.87%
Silve r
19.99
+0.89%
Cop p e r
3.32
-1.58%
2014.01.23 end-of-day
Price
Change
2014.01.23 - $ 97.32
0.59 0.61%
1 Year Forecast
$111 / Barrel
file:///B:/Users/Srinivas V. Vadde/Desktop/Uploaded Links/Crude Oil & Economy Results/Updated Crude Oil and Gas Prices Data/Brent Crude Oil, Gas, and Met
1/1
1/26/14
Stocks hit hard as investors fret earnings growth - Jan. 23, 2014
39
39
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Stocks slid Thursday as investors worried about corporate earnings. The Dow dropped more than 180 points and declined for
the third day in a row, while the S&P 500 and Nasdaq also finished lower.
Stocks have been off to a rocky start in 2014 while bonds have outperformed. After last year's big rally, investors are looking for
signs the economy will be strong enough to keep the bull market going. And so earnings have come squarely in focus.
But good news from Microsoft could help the markets on Friday. Microsoft ( MSFT, Fortune 500) rose in after-hours trading
thanks to better-than-expected earnings and sales. Despite the strong results, investors will likely be listening for more
information on Microsoft's CEO succession plans.
Shares of Noki ( NOK)tanked after the cell phone and networking equipment maker reported a bigger than expected loss and
drop in sales. Microsoft is in the process of buying Nokia's device business.
Shares of IBM ( IBM, Fortune 500) ended slightly higher after it announced a deal early Thursday to sell part of its server
business to Chinese computer maker Lenovo ( LNVGF) for $2.3 billion. IBM fell on Wednesday as well following a weak
earnings report.
Related: Top stock picks from top pros
Facebook ( FB, Fortune 500)shares dropped after a report Wednesday called the social media giant's longevity into question
by comparing it to MySpace. Facebook had been on a tear, but shares have pulled back in recent days as investors gear up for the
company's earnings next week.
Some felt the report was nonsense.
"$FB where are you people coming out of the woodwork with all this stuff about FB not around in a couple years?," said
money.cnn.com/2014/01/23/investing/stocks-markets/
1/3
1/26/14
Stocks hit hard as investors fret earnings growth - Jan. 23, 2014
Shares of eBay ( EBAY, Fortune 500) got a bump after the online auction site said Wednesday that Icahn took a small stake in
the company and submitted a proposal to spin out PayPal into a separate business. eBay said it had no plans to follow through
on Icahn's plan. CEO John Donahue called it a "distraction" on the company's earnings conference call.
"Prime example of CEOs not doing their primary job - shareholder value," said StockTwits trader JJSinghSTARR. who
supported Icahn's move. "Market thinks $EBAY spinoff great idea."
Apple ( AAPL, Fortune 500) shares turned higher after Icahn took to Twitter to disclose that he had increased his stake in the
company by $500 million. If that sounds familiar, it's because he did the exact same thing yesterday. The activist investor has
been publicly campaigning for Apple to return more cash to shareholders in the form of a $150 billion buyback. On Thursday, he
put out a seven page letter to Apple making his case.
The major European markets ended down while Asian markets finished lower on disappointing report on manufacturing
activity in China.
money.cnn.com/2014/01/23/investing/stocks-markets/
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Good riddance to this week. It was another ugly day on Wall Street -- and for markets around the globe.
The Dow dropped nearly 320 points Friday, or almost 2%. The S&P 500 and Nasdaq fell more than 2%. CNNMoney's Tech 30
index also fell about 2%, despite a jump in shares of Microsoft ( MSFT, Fortune 500) following strong quarterly sales and
earnings.
The losses come at the end of the worst week for stocks in recent memory. The Dow tumbled more than 3.5%, its work week
since November 2011. The S&P 500 slid more than 2.6%, logging its biggest weekly decline since May 2012.
Meanwhile, the Nasdaq tumbled almost 1.7%, its first weekly decline of the year and the worst since August.
All three indexes are now in negative territory for the year. The selling has some investors bracing for a correction, usually
defined as a decline of 10% or more.
"$SPY If market doesn't bounce here, I imagine this will end up being a full 10% correction," said StockTwits trader kgpittm.
StockTwits user Fundraising pointed out that he'd prefer a correction sooner rather than later so that stocks can resume their
upward trend.
"$SPY with how much correction talk out there I would rather have it now so it has more legs to run later Bullish," he said.
Investors dump stocks around the world: Concerns about an economic slowdown in China pressured markets around the globe.
Asian markets ended mixed after the HSBC survey showed that Chinese manufacturing activity slowed in January for the first
time in six months and as a high-yield investment product from China's largest bank faces imminent default.. The Shanghai
Composite did wind up notching a 0.6% gain, but markets in Hong Kong and Tokyo both dropped more than 1%.
money.cnn.com/2014/01/24/investing/stocks-markets/index.html?iid=Lead
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European markets closed sharply lower, with Germany's DAX and France's CAC 30 dropping more than 2% each. And emerging
market currencies were also in sell-off mode.
Xerox (
profit.
XRX, Fortune 500)shares took a dive after the copy machine company reported declines in quarterly revenue and
Honeywell (
HON, Fortune 500)shares were also down as the defense contractor reported a slip in quarterly sales.
Procter & Gamble ( PG, Fortune 500) was one of the few bright spots in the market Friday. The stock rose nearly 2% after
reporting quarterly profits that, while lower than a year ago, beat estimates.
Starbucks (
SBUX, Fortune 500) shares were also rising after the coffee giant reported better-than-expected earnings.
Natural gas jumps to almost 4-year high: As frigid temperatures continued to bite across many parts of the country, natural gas
prices soared almost 10% above $5 per million British Thermal Unit, crossing the milestone for the first time since the summer
of 2010.
Many home across the country use natural gas as their man heating fuel.
The ongoing surge in prices was a hot topic among traders, with many touting the United States Natural Gas (
commodity ETF.
UNG)
money.cnn.com/2014/01/24/investing/stocks-markets/index.html?iid=Lead
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1/24/14
"Look at Nat Gas go! #trendfollowing is loving this #polarvortex weather! $UNG" said attaincapital.
But StockTwits trader LinvestResearch predicted there could be a pullback in prices soon and pointed to the VelocityShares 3x
Inverse Natural Gas ETN ( DGAZ), which goes down when natural gas prices go up. It plunged 17% Friday.
"There will be correction after these gaps," she said. "#Natgas has reached multi-year highs. Profit taken soon $UNG $DGAZ."
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Sensex retreats from record high, drops 240 points - The Hindu
Business Markets
Published: January 24, 2014 16:54 IST | Updated: January 24, 2014 16:56 IST
The BSE benchmark index Sensex on Friday dropped by 240.10 points from record high levels, posting its second
biggest drop this year due to profit booking by investors and concerns that RBI may keep its policy rates high to
control inflation.
Weak global trends following poor economic data in the US and China also impacted the market sentiment.
The 30-share index closed at 21,133.56 points, down by 240.10, or 1.12 per cent - the biggest loss since January 2.
The barometer had closed at record high levels in the previous two sessions on the back of strong corporate earnings.
Profit booking was triggered by RBI Governor Raghuram Rajan comments that inflation was a destructive disease
that was forcing the bank to keep interest rates high, brokers said. The point is inflation is hitting the growth in the
long run. There can be no trade-off. There is need to bring inflation down, Dr Rajan had said on Thursday.
The broad-based National Stock Exchange index Nifty fell by 78.90 points, or 1.24 per cent, to settle at 6,266.75.
Markets did react to the weak economic data in China and US, said Dipen Shah, Head-Private Client Group
Research, Kotak Securities.
Interest rate sensitive stocks suffered the most, with the BSE realty index dropping the most by 3.19 per cent.
Capital Goods index fell by 2.68 per cent, Consumer Durables index by 2.65 per cent and banking index by 1.88 per
cent.
Among major Sensex losers, BHEL dropped by 3.39 per cent, Tata Motors by 3.26 per cent and ICICI Bank by 1.96 per
cent.
Among 30 Sussex shares, 27 declined.
www.thehindu.com/business/markets/sensex-retreats-from-record-high-drops-240-points/article5614286.ece?css=print
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1/24/14
Sensex retreats from record high, drops 240 points - The Hindu
Only three Sensex stocks - Reliance Industries, NTPC and Bajaj Auto - gained and saved the market from further fall.
Trading sentiment also dampened as drug maker Ranbaxy Laboratories tumbled by 19.33 per cent after the US
regulators banned it from producing or selling drug ingredients for the American market from a fourth plant in India.
Keywords: Sensex, Profit booking, RBI, Inflation, Policy rates
Printable version | Jan 25, 2014 7:02:25 AM | http://www.thehindu.com/business/markets/sensex-retreats-fromrecord-high-drops-240-points/article5614286.ece
The Hindu
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2/2
1/24/14
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"This is the only reason why Argentina matters," he said, "that said,
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Business Markets
Published: January 27, 2014 09:58 IST | Updated: January 27, 2014 22:43 IST
Stock indices tumbled and rupee lost its gains on Monday on the eve of the monetary policy review by the Reserve
Bank of India following news on likelihood of withdrawal of stimulus measures by the U.S. Federal Reserve.
The S&P BSE Sensex tumbled by 426.11 points or 2.02 per cent to 20707.45. The Sensex has fallen 3.1 per cent since
hitting a record closing high of at 21,373.66 last Thursday.
The rupee, meanwhile, dipped to 63.10 at its close on Monday compared to 62.66 a dollar on Friday. It touched an
intra-day low of 63.32. .
On the BSE, the Sensex was dragged down by the realty stocks which tumbled by 6.82 per cent followed by banks
(3.97 per cent), metal (3.81 per cent), automobile (3.33 per cent), power (3.01 per cent), capital goods (2.70 per cent)
and oil & gas (2.37 per cent). All sectoral indices ended in the red.
On the National Stock Exchange, 50-share Nifty closed at 6135.85 with a loss of 130.90 points or 2.09 per cent.
The main reason for the heavy market fall stems from the fact that a global poll conducted over the week-end
concluded that the Federal Reserves plan of tapering its $85 billion Quantitative Easing (QE) programme would have
more far reaching consequences on the short-term economy than previously anticipated, said Raghu Kumar, Cofounder RKSV, a leading broking firm.
Despite most countries shrugging off the potential of major negative economic impact at the World Economic Forum
held at Davos, the markets were clearly not satisfied.
Mr. Kumar added that Fears that the rupee might depreciate over the coming months combined with negative
growth prospects due to the QE taper contributed towards the Sensex fall.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock
markets, opening trade
Printable version | Jan 28, 2014 4:53:41 AM | http://www.thehindu.com/business/markets/sensex-dives-over-426points/article5622446.ece
The Hindu
www.thehindu.com/business/markets/sensex-dives-over-426-points/article5622446.ece?css=print
1/1
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28
28
TOTAL SHARES
Stocks ended a choppy day in the red Monday as concerns about emerging markets and corporate earnings kept investors on
edge.
The Dow Jones industrial average and the S&P 500 were both dragged lower. But losses were offset by gains in Caterpillar
( CAT, Fortune 500) shares. The construction equipment giant reported strong quarterly results and approved a new $10
billion stock buyback program.
The Nasdaq slid more than 1% on declines in shares of biotechnology companies such as Celgene ( CELG, Fortune 500) and
Alexion Pharmaceuticals ( ALXN). The PowerShares QQQ Trust ( QQQ), a widely-held exchange-traded fund that tracks the
Nasdaq 100, is now down more than 2% for the year. And some are worried that the ETF will fall even further.
"$QQQ is teetering on the edge. We may see a sizable correction begin to unfold," said StockTwits user OptionsElite.
And CNNMoney's Tech 30 index fell on weakness in shares of social media companies Twitter (
Fortune 500) and LinkedIn ( LNKD).
TWTR), Facebook (
FB,
Weak revenue guidance from Apple ( AAPL, Fortune 500) following the closing bell could weigh on the market on Tuesday as
well. Shares were down 5% in extended trading even though earnings topped forecasts. The stock in regular trading Monday on
hopes of strong iPhone sales.
Last week was a rough one for stocks. The Dow shed around 2% Friday to end the week down 3.5%. The Nasdaq and S&P 500
both closed more than 2% lower Friday.
The market's so-called fear gauge, the CBOE Market Volatility Index, or VIX ( VIX), shot up 25% on Friday, the biggest one-day
percentage jump since last year's Boston Marathon bombings. The VIX was down nearly 6% on Monday as the stress eased.
money.cnn.com/2014/01/27/investing/stocks-markets/index.html?iid=HP_LN
1/3
1/27/14
But CNNMoney's Fear & Greed index, which looks at the VIX and six other gauges of sentiment, hit a level indicating "Extreme
Fear" in the market Monday.
Related: Buckle up! 2014 will be a bumpy ride
Emerging markets in turmoil. Meanwhile, emerging markets extended their recent losses Monday amid worries about an
economic slowdown and liquidity shortfalls.
Emerging markets have ridden a wave of liquidity over the past few years as central banks in the developed world, including the
Federal Reserve, have pumped money into the global economy. But as the Fed begins to scale back its bond buying this year,
investors have been pulling money out of emerging markets, prompting some central banks to intervene.
The Turkish lira regained some ground Monday after Turkey's Central Bank announced plans to hold an emergency meeting
Tuesday. The Argentinian peso has been under heavy pressure since the nation's central bank devalued the currency Thursday
in a bid to jump start growth. India's rupee has also been hit hard.
Investors have also been worried about China, the world's second largest economy, following a disappointing report on
manufacturing activity last week and ongoing worries about the nation's financial sector.
Despite the flight from emerging markets, the market panic does not appear to be spreading.
"Does look though to just be $EEM contagion and not something much worse, overall paradigm doesn't seem to have changed,"
said LDrogen on StockTwits. Still, the iShares MSCI Emerging Markets ETF ( EEM) is down nearly 10% so far this year.
money.cnn.com/2014/01/27/investing/stocks-markets/index.html?iid=HP_LN
2/3
1/27/14
Sony ( SNE)shares slid after the firm's debt rating was downgraded to 'junk' by Moody's, with the agency warning that
profitability at the tech company would likely remain weak and volatile.
Shares of Vodafone ( VOD) tumbled after AT&T ( T, Fortune 500) said Monday it would not purchase the British telecom
company. There had been recent speculation that a bid was imminent.
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3/3
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$106.69
-1.19 -1.12%
2014.01.27 end-of-day
$95.72
-0.96%
-0.92
2014.01.27 end-of-day
Commodities
Crud e Oil
95.72
-0.96%
Na tura l G a s
4.85
-6.91%
G a soline
2.62
-1.58%
He a ting Oil
3.09
-1.46%
G old
1263.60
-0.07%
Silve r
19.77
+0.14%
Cop p e r
3.29
-0.30%
2014.01.27 end-of-day
Price
Change
2014.01.27 - $ 95.72
-0.92 -0.96%
1 Year Forecast
$110 / Barrel
1/2
1/27/14
Dow Slides for Fifth Day in Longest Losing Streak Since December | Fox Business
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in January a
foreshadowing of
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The blue-chip average slumped for the fifth day in a row amid worries
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The Dow Jones Industrial Average fell 41.2 points, or 0.26%, to
15838, the S&P 500 dropped 8.7 points, or 0.49%, to 1782 and the
CAT
91.29
CATERPILLAR ...
+5.12
AAPL
APPLE INC....
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It is the longest losing streak for the Dow since early December.
Caterpillar
Steamrollers Higher
The markets took a beating last week, with the broad S&P 500
and Other
550.50
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tumbling 2.6% in its worst week on a percent basis since June 2012.
The sharp move was ignited by worries that the beginning of the end
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forecast. The housing market has been recovering recently, but there
have been concerns that rising interest rates could put pressure on
the burgeoning rebound.
AAPL
+0.81%
550.50
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Today
4:00 PM
-0.76%
Today
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+5.94%
CATERPILLAR I...
Today
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+33.10%
CANNABIS SCIE...
Today
BAC
-0.85%
BANK OF AMERI...
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15.71
4:01 PM
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91.29
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Business Markets
Published: January 29, 2014 17:27 IST | Updated: January 29, 2014 17:27 IST
Losses in ICICI Bank, RIL, ITC dragged the index down. File Photo
PTI
The Sensex on Wednesday erased early gains and closed 36 points lower, logging its fourth straight loss, as earnings
from Bharti Airtel and ICICI Bank failed to enthuse investors, amid caution ahead of the US Federal Reserves possible
decision to further trim stimulus.
Selling that picked up the last hour of trade in select metal, realty and banking shares before Thursdays expiry of
monthly equity derivatives, also dampened trading sentiments.
After a better start, the Sensex rose over 140 points to 20,828.68 helped by firm Asian cues. However sustained offloading of stocks led to the 30-share Sensex closing lower by 36.21 points, or 0.18 per cent, to 20,647.30.
The gauge has now lost over 726 points in four days. ICICI Bank reported rise in consolidated net profits in Q3FY14
on a YoY basis, while asset quality was marginally lower. Bharti Airtel too was down post results. Though the results
were good but fell short of general expectations, said Rakesh Goyal, Senior Vice President, Bonanza Portfolio.
Losses in ICICI Bank, RIL, ITC dragged the index down.
The biggest laggards of the day included Tata Steel, Sesa Sterlite, Hindalco and Bharti Airtel.
Maruti shares with a 7 per cent spurt led the 14 Sensex gainers which included Infosys, Bhel and Hero MotoCorp.
Although market started on a buoyant note, it succumbed to selling pressure in last one hour of the trading session.
The US Fed meeting result will be available tonight. The street is factoring in USD 10 billion tapering, said Milan
Bavishi, Head Research, Inventure Growth and Securities.
The 50-share National Stock Exchange index Nifty declined by 6 points, or 0.10 per cent, to end at 6,120.25, after
touching an intra-day high of 6,170.45.
Sectorally, the BSE Metal index suffered the most by losing 1.35 per cent, followed by Consumer Durable index (0.76
per cent), Banking index (0.69 per cent) and Realty index (0.58 per cent).
Keywords: Sensex, BSE, closing trade, ICICI Bank, NSE,
www.thehindu.com/business/markets/sensex-down-36-points-in-fourth-day-of-losses/article5630763.ece?css=print
1/2
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2/2
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67
67
TOTAL SHARES
Stocks sank more than 1% on Wednesday after the Federal Reserve announced plans to further reduce its monthly bond
buying program.
While the Fed's decision was not a surprise, some investors had expected the central bank to address the recent turmoil in
Turkey and other emerging markets that has spilled over to Wall Street.
Drew Nordlicht, managing director at wealth management firm HighTower in San Diego, said that investors were
disappointed by the Fed's decision to "not even acknowledge the strains" in emerging markets.
The Dow Jones industrial average lost nearly 190 points. Boeing ( BA, Fortune 500) was the biggest drag on the Dow
as investors were disappointed by its earnings outlook. AT&T ( T, Fortune 500) also gave earnings guidance that fell
short of expectations. The S&P 500 and the Nasdaq both fell more than 1%.
Stocks started the day on a sour note due to concerns about Turkey. The Turkish lira fell further Wednesday despite an
emergency interest rate cut Tuesday. Investors have been rattled in recent weeks by what some are now calling the
Fragile Five of developing markets: Turkey, India, Brazil, Indonesia and South Africa.
In addition to Turkey, India and South Africa have raised rates this week to stabilize shaky currencies. The Argentinian
peso has been in free fall since Argentina's government moved to devalue the currency last week. China has also been a
source of concern since a report on manufacturing activity came in weaker than expected last week.
money.cnn.com/2014/01/29/investing/stocks-markets/index.html
1/3
1/29/14
What's moving? Yahoo ( YHOO, Fortune 500) shares sank more than 8% following weak quarterly earnings and
sales results. That made Yahoo the worst performing stock in CNNMoney's Tech 30 index.
After the market closed, Facebook ( FB, Fortune 500) reported earnings and sales growth that blew past analysts'
expectations. The stock surged on the news.
Apple ( AAPL, Fortune 500) shares were down again. The stock has been under pressure since the company
reported iPhone sales Tuesday that fell short of expectations. Apple briefly dipped below $500 for the first time since
October.
Some traders say Apple shares will continue to slide until CEO Tim Cook demonstrates that the company can still innovate.
Related: CNNMoney's Tech 30
"$AAPL Cook obviously doesn't care about share prices. Stock will go down further until we see new products," said
StockTwits user nicuagain.
"$AAPL no one is going to be doing any buying until new product rumors come out. better places to put cash for a while,"
said Buyside.
But others were holding out hope for a rebound.
"$AAPL this will turn around in a few weeks. I keep telling myself. gut feeling," said iamjonnymac.
"$AAPL will bounce back... a high bounce at that," said FraserFP.
Still, there were some stocks rallying on good news.
Dow Chemical (
DOW, Fortune 500)reported better-than-expected earnings and sales, raised its dividend 15% and
money.cnn.com/2014/01/29/investing/stocks-markets/index.html
2/3
1/29/14
EA) were higher as investors shrugged off a weak outlook and focused on earnings and sales
Overall, the bulk of quarterly results for the companies in the S&P 500 have been better than expected. Of the 114
companies that have reported earnings, 98 have topped analysts' modest expectations, according to S&P Capital IQ.
However, 100 of those companies have issued disappointing earnings guidance.
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BA
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34.89
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The Dow Jones Industrial Average fell 190 points, or 1.2%, to 15738,
Caterpillar
the S&P 500 dipped 18.3 points, or 1%, to 1774 and the Nasdaq
Steamrollers Higher
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and Other
central bank hiked rates far more than analysts expected Tuesday
Drive. Pickup
evening in a bid to protect its currency, the lira. Initially, the lira rallied
Trucks?
Investing Be
Scrapped?
South Africa's rate increase "certainly wasnt enough for the market
as the rand is still down on the day to a 5-year low, said Peter
Boockvar, chief market analyst at The Lindsey Group.
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Meanwhile, the lira gave up all of its gains for the day and turned
What's this?
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Broux sees the volatility lasting for some time, especially as interest
rates in the U.S. rise as the American economy improves and the
Federal Reserve starts puling back on it stimulus.
The issues might not resolve themselves too quickly, either.
"These types of dislocations usually do not resolve themselves in
hours or even days," said Dan Greenaus, chief equity strategist at
BTIG. "It takes time and we imagine the current situation will be
similar."
The concern is that as interest rates rise in the developed world,
capital might move away from emerging markets, pressuring
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15.26
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25.29
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Sensex ends at 2-month low, tumbles 149 pts on Fed decision : Business, News - India Today
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Sensex down 196
points |
The S&P BSE benchmark sensex fell by yet another 149 points and continued its
downward march for the fifth consecutive day to close at more than two-month
low at 20,498.25 due to sustained selling pressure triggered by fall in the global
markets after US Federal Reserve decided to cuts economic stimulus.
Contraction in China's manufacturing industry was also the another factor behind
fall in the share values.
Profit-booking from operators in view of last day of the futures and options
January contract also affected the market sentiment.
After a monetary policy review, the Federal Open Market Committee on Thursday
announced that it will reduce monthly bond purchases by another USD 10 billion
to USD 65 billion.
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Sensex ends at 2-month low, tumbles 149 pts on Fed decision : Business, News - India Today
The sensex resumed lower at 20,491.74 and hovered in a range of 20,528.41 and
20,343.78 before ending at more than two-month low at 20,498.25 showing a loss
of 149.05 points or 0.72 pct from its last close. It had last ended at 20,420.26 on
November 27, 2013.
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The Sensex has lost 875.41 points or 4.10 points in five trading days.
Phillip Seymour
Hoffman's life in
pics
The NSE 50-share Nifty also dropped by 46.55 points or 0.76 pct to close at
6,073.70.
In Asia, indices in Hong Kong, China, Singapore and Japan fell by 0.48 pct to 2.45
pct following overnight fall in the US markets on the Fed issue and
disappointment to investors on earnings forecasts of some top companies.
European markets were also trading lower in their early trade as indices in France,
Germany and UK eased by 0.43 pct to 0.63 pct.
Mr. Jignesh Chaudhary, Head Of Research, Veracity Broking Services,"It was a
pretty negative day in Indian equity markets, with markets shedding 150 points
burdened by Fed's decision to trim the bond buying program by further 10 billion
USD during its meeting yesterday. This resulted in weak trading in all the markets
of the Emerging Economies and Indian markets too followed suit. Rupee too
traded weak throughout the day, which added more pressure on the markets."
MORE
Cinema Superfast
February 4
Turning to the domestic market, 19 stocks out of the 30- share sensex pack ended
with losses while remainin 11 finished with gains.
Major losers were SBI 3.56 pct, Hero Motocorp 3.43 pct, SSLT 3.38 pct, Hindalco
3.35 pct, Tata Steel 3.20 pct, Icici Bank 2.71 pct, Axis Bank 2.61 pct, Maruti Suzuki
2.17 pct, HDFC bank 2.04 pct, Coal India 1.93 pct, ONGC 1.68 pct, Tata Power 1.37
pct, Dr Reddy's Lab 1.35 pct, RIL 1.32 pct and Larsen 1.30 pct.
However, Tata Motors rose by 2.66 pct followed by Bharti Airtel 2.24 pct, BHEL
1.29 pct and Gail 1.01 pct.
Among the S&P BSE sectoral indices, Bankex fell by 2.67 pct followed by Realty
2.60 pct, Metal 2.52 pct, Oil&Gas 1.08 pct and FMCG 0.93 pct while CD rose by
1.73 pct.
Priyanka shows
desi thumkas on
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wants to impress
Deepika, romance
Kareena
One Direction to
launch their own
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The market breadth remained negative as 1,715 stocks ended in red, 865 finished
in green while 129 ruled steady.
The total turnover rose to R1,974.35 crs from R1,778.65 crore on Wednesday.
For more news from India Today, follow us on Twitter @indiatoday and on Facebook at
facebook.com/IndiaToday
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74.68
WAL-MART STO...
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AMZN
358.69
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great start. The broad S&P 500 slid 3.5% in January in its worst
Attempt On Email
Accounts
annual starter since 2010. Adding to the bearish mood, the broadmarket barometer also snapped a four-month winning streak.
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Emerging-market currencies took yet blow on the day, with the Turkish
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$6.4 billion from emerging-market stock funds in the week ended this
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On top of that, eurozone inflation cooled to a year-over-year pace of
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expected. The European Central Bank has dropped interest rates to
record lows in a bid to push prices higher and avoid a potentially
deflationary situation.
Still, Michael Block, chief strategist at Rhino Trading Partners, said
the cooling inflation isn't all bad.
AAPL
+0.16%
500.60
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-1.90%
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FACEBOOK INC.
Today
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Stocks down again on last day of a rocky January - Jan. 31, 2014
224
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Good riddance to a cold January, and we're not just talking about the weather.
Stocks dropped sharply during the first month of the year, with the Dow tumbling more than 5%. That was the Dow's worst
January since 2009, when stocks were still in freefall in the aftermath of the financial crisis.
The S&P 500 slipped more than 3% this month, while the Nasdaq has shed nearly 2%.
Stocks have been hit particularly hard during the past two weeks due to emerging market worries and weak earnings.
Those factors also pressured the market on Friday. The Dow fell more than 150 points, or almost 1%, while the S&P 500 lost
0.7%, and Nasdaq declined 0.5%.
As stocks continued to lose ground, CNNMoney's Fear & Greed index, which measures seven indicators of market sentiment,
fell further into "Extreme Fear" mode.
Related: Market volatility ahead. But don't panic!
The market pullback hasn't been a total surprise though, given how well stocks did in 2013. Many experts believe stocks could
continue to drop before resuming their upward trend.
"Frankly, we've been telling clients to expect a 5% to 10% decline," said Matt King, chief investment officer at Bell Investment
Advisors. "We didn't think it would happen so early in the year, but it's been such a good run for markets that a meaningful
correction is normal and healthy."
While stocks took a small step back last spring, they haven't experienced a correction, typically defined as a decline of 10% or
more, in more than two years.
money.cnn.com/2014/01/31/investing/stocks-markets/index.html?iid=Lead
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1/31/14
Stocks down again on last day of a rocky January - Jan. 31, 2014
But King still thinks stocks will end the year with modest gains.
"We think the declines could spill over into February, but we're telling clients to buy into this weakness as well," said King. "We
don't think this is anything more than a normal correction."
Related: No Terrible Twos for Facebook stock
On the earnings front Friday, Mattel ( MAT, Fortune 500), Amazon ( AMZN, Fortune 500), Chevron ( CVX, Fortune 500)
and MasterCard ( MA, Fortune 500) were all big losers on Friday after reporting results that underwhelmed investors.
Mattel shares tumbled after the toy giant reported a surprise drop in its fourth-quarter revenue, as sales of its core brands
Barbie and Fisher-Price fell sharply.
WMT, Fortune 500)shares were flat after the discount retailer cut its guidance for the fourth quarter.
CMG) were all higher and hit new all-time highs following
"$CMG $GOOG Have a Burrito while Googling for the next big thing!" joked StockTwits trader strick.
Facebook ( FB, Fortune 500) shares also rose to new all-time highs. Shares of Facebook doubled in 2013 and have continued to
rise this year, as the company continues to succeed with its mobile advertising strategy. Traders are hopeful that the stock will
continue to gain ground.
"$FB Hope this become a more stable stock now with slow but continuous upwards movement...Bullish," said Heiko.
StockTwits trader vanhalenboss was also optimistic: "$FB Great company, great management team, great vision and executing
in every category....BUY."
Zynga (
ZNGA) was also higher, but the company also announced a new round of job cuts.
money.cnn.com/2014/01/31/investing/stocks-markets/index.html?iid=Lead
2/3
1/31/14
Stocks down again on last day of a rocky January - Jan. 31, 2014
Microsoft ( MSFT, Fortune 500) shares ticked up slightly following a Bloomberg report that the company is preparing to name
executive vice president Satya Nadella as its next CEO.
Related: Worst is yet to come for 'Fragile Five'
Emerging markets were in also in the limelight once again, with the Turkish lira and other currencies weakening further.
The volatility has been sparked by the fact that economic growth is slowing across developing economies and fears that China's
shadow banking system could spark a credit crunch.
The Federal Reserve's decision to reduce the size of its monthly bond purchase program has also been weighing on emerging
markets. The so-called tapering by the Fed is expected to leader to a stronger dollar, which should make emerging markets less
attractive for investors.
In a statement Friday, the International Monetary Fund said "the turbulence also underscores the need for vigilance among
central banks over liquidity conditions in international capital markets."
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3/3
2/1/14
$106.40
-1.55 -1.46%
2014.01.31 end-of-day
$97.49
-0.74
-0.76%
2014.01.31 end-of-day
Commodities
Crud e Oil
97.49
-0.76%
Na tura l G a s
4.94
-1.38%
G a soline
2.63
-1.35%
He a ting Oil
3.28
+1.90%
G old
1240.10
-0.17%
Silve r
19.10
-0.03%
Cop p e r
3.22
-0.54%
2014.01.31 end-of-day
Price
Change
2014.01.31 - $ 97.49
-0.74 -0.76%
1 Year Forecast
$112 / Barrel
1/2
2/4/14
$106.04
-0.36 -0.34%
2014.02.03 end-of-day
$96.43
-1.06
-1.10%
2014.02.03 end-of-day
Commodities
Crud e Oil
96.43
-1.10%
Na tura l G a s
4.91
-0.77%
G a soline
2.61
-0.94%
He a ting Oil
3.01
+0.35%
G old
1260.40
+1.61%
Silve r
19.39
+1.46%
Cop p e r
3.20
-0.66%
2014.02.03 end-of-day
Price
Change
2014.02.03 - $ 96.43
-1.06 -1.10%
1 Year Forecast
$110 / Barrel
1/2
2/3/14
Intense Selling: Wall Street Walloped Amid Mounting Uncertainty | Fox Business
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The Dow plummeted 326 points -- and the S&P 500 tumbled 2.3% -Share
0 Com m ents
emerging markets.
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The Dow Jones Industrial Average fell 326 points, or 2.1%, to 15373,
Pummeled as
the S&P 500 slumped 40.7 points, or 2.3%, to 1742 and the Nasdaq
Show Signs of
Weakness
Economic Giants
Getting Fired: A
January was a tough month. The S&P 500 slid 3.6% in the broad
Blessing in Disguise
market average's worst month since May 2012 and its worst January
since 2010.
The tumble was driven by worries about intense volatility in emerging-
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"It doesn't appear likely we'll be rebounding any time soon," said Todd
What's this?
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Feb 3
4:00 PM
14.55
AAPL
+0.19%
501.53
APPLE INC.
Feb 3
4:00 PM
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Intense Selling: Wall Street Walloped Amid Mounting Uncertainty | Fox Business
The broad S&P 500 plummeted into pullback mode -- a 5% drop from
its record high. It joins the Dow, which dropped into a pullback last
week. Both market barometers closed at their lowest levels since
October.
Meanwhile, traders bid up safe-haven assets. Indeed, the yield on the
benchmark U.S. 10-year Treasury bond slid 0.084 percentage point
to 2.585% -- the lowest since December 11. Gold rallied $20.30, or
1.6%, to $1,260 a troy ounce.
In a sign of the gloomy sentiment, the CBOE's VIX, seen as Wall
Street's fear gauge, surged 16.5% to its highest level in seven months
in mid-day trading.
On the corporate front, Ford (F) posted a 7% year-over-year dip in
January U.S. sales. General Motors (GM) saw its sales slid 12%,
while Chrysler saw an 8% increase.
In commodities, U.S. crude oil futures climbed 8 cents, or 0.08%, to
$97.58 a barrel. Wholesale New York Harbor gasoline slid 1.3% to
$2.627 a gallon.
Follow Adam Samson on Twitter @adamsamson.
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4/4
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February is looking an awful lot like January for investors. Emphasis on awful.
The Dow tumbled 326 points Monday, or almost 2.1%, after a much worse-than-expected reading on manufacturing activity in
the United States. The S&P 500 and Nasdaq were also down more than 2%. CNNMoney's Tech 30 index was down sharply as
well.
Investors were disappointed after the Institute for Supply Management's monthly index showed that manufacturing activity
last month expanded at its weakest pace since May.
The bad news comes as investors are still reeling from a rough January. Disappointing earnings and volatility in emerging
markets sent stocks sharply lower during the first month of the year. The Dow tumbled more than 5% last month -- its worst
January since 2009.
Many experts think the market could fall further, following big gains in 2013 and the fact that the stocks haven't taken a big
breather in a while. Though stocks took a small step back last spring, they haven't experienced a correction, typically defined as a
decline of 10% or more, in more than two years.
With Monday's losses, the Dow is down more than 7% from the all-time high it hit on the last day of 2013, while the S&P 500 has
fallen almost 6% from the all-time high it reached last month.
Plus, stocks could continue to be volatile ahead of the monthly jobs report due Friday and the possibility of another debt ceiling
debate, said Kristina Hooper, investment strategist at Allianz Global Investors. But she thinks investors should not be scared by
the market sell-off. "Rather, they should embrace the opportunities it creates."
But investors were clearly afraid. The VIX ( VIX), a measure of volatility, surged 15%. And CNNMoney's Fear & Greed Index,
which looks at the VIX and six other gauges of market sentiment, shows even more levels of Extreme Fear.
money.cnn.com/2014/02/03/investing/stocks-markets/index.html?iid=HP_LN
1/3
2/3/14
The possibility of a bigger pullback was also a hot topic among traders on StockTwits.
"$SPY way over extended," said MacDee. "Been overdue for a severe severe correction. Bearish."
But leopardtrader said he's using the weakness as an opportunity to buy stocks: "Market keep creating great opportunities. The
rebound will be fast and furious as usual $SPY."
Still, others were worried by the fact that many traders are dismissing the pullback as a normal and healthy correction. That
could mean that stocks are in for a sharper downward move.
"$SPY no one is predicting anything more than a correction which makes me think we might be in trouble...Bearish," said
Undecided.
Related: Fear & Greed Index falls further into Extreme Fear
In corporate news, Herbalife ( HLF) shares rose more than 7% after the company said fourth quarter earnings would top
forecasts. The company also raised the amount of its planned share repurchase by $500 million.
The stock was briefly lower in the afternoon after hedge fund manager Bill Ackman's firm Pershing Square released a series of
reports detailing why it thinks Herbalife is a pyramid scheme. The activist investor has made these accusations about Herbalife
for more than a year, but the nutritional supplements marketer has refuted those claims.
Shares of Jos. A. Bank Clothiers ( JOSB) declined after The Wall Street Journal reported that the company is in talks to buy
fellow apparel retailer Eddie Bauer. The potential deal would be the latest twist in the battle between Jos. A. Bank and Men's
Wearhouse ( MW). Both retailers have offered to buy each other.
money.cnn.com/2014/02/03/investing/stocks-markets/index.html?iid=HP_LN
2/3
2/3/14
YUM, Fortune 500) is set to release quarterly results after the closing bell.
European markets finished with losses after investors ignored reports of stronger manufacturing activity in the eurozone in
January.
Many Asian markets were closed for the lunar new year but those trading moved lower, with the Nikkei in Japan declining by
2%. The benchmark Nikkei has tumbled 10.3% so far this year. That means the index is now undergoing a correction, after
posting a whopping 57% gain in 2013 -- its biggest annual rise in over 40 years.
Traders in Asia were cautious after the release of weak official Chinese manufacturing data. Many emerging markets have
suffered over the past few weeks as investors have moved money out of riskier markets in favor of relative safe havens.
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3/3
2/3/14
Business Markets
Published: February 3, 2014 16:52 IST | Updated: February 4, 2014 00:07 IST
The S&P BSE Sensex slipped about 305 points to end at its lowest level in over 11 weeks on Monday on worries that
sluggish growth in India and China would be further hit by the recent cut in U.S. monetary stimulus.
Selling by foreign funds amid downward revision of GDP (gross domestic product) growth rate by the government last
Friday, also kept the domestic market under pressure.
The BSE 30-share barometer resumed lower and languished in the negative terrain throughout the day, before
settling at 20209.26, a fall of 304.59 points or 1.48 per cent. This was its weakest close since November 13, 2013,
when it ended at 20194.40.
In the Sensex, 25 constituents ended in the red.
The NSE 50-share CNX Nifty tumbled by 87.70 points or 1.44 per cent to end at more than two and a half month low
of 6001.80.
Rupee recovers 12 paise
The rupee on Monday gained for the first time in three days and closed up 12 paise at 62.56 against the dollar on fagend sales of the U.S. currency. At the inter-bank foreign exchange market, the rupee resumed slightly lower at 62.70 a
dollar from last week-ends close of 62.68. It later fell further to a low of 62.79 on weak domestic stocks, worries over
recent cut in U.S. stimulus and lacklustre Chinese data. However, later it bounced back to settle at the days high of
62.56, a rise of 12 paise.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock markets, closing
trade
Printable version | Feb 4, 2014 10:29:15 AM | http://www.thehindu.com/business/markets/sensex-at-11weeklow/article5648979.ece
www.thehindu.com/business/markets/sensex-at-11week-low/article5648979.ece?css=print
1/2
2/4/14
$105.78
-0.26 -0.25%
2014.02.04 end-of-day
Commodities
Crud e Oil
97.19
+0.78%
Na tura l G a s
5.38
+8.74%
G a soline
2.60
He a ting Oil
2.98
-0.82%
G old
1251.70
-0.70%
Silve r
19.40
+0.07%
Cop p e r
3.22
+0.54%
2014.02.04 end-of-day
Price
Change
2014.02.04 - $ 97.19
0.76 0.78%
1 Year Forecast
$111 / Barrel
file:///B:/Users/Srinivas V. Vadde/Desktop/Uploaded Links/Crude Oil & Economy Results/Updated Crude Oil and Gas Prices Data/Brent Crude Oil, Gas, and Met
1/1
2/10/14
$108.63
-0.94 -0.87%
2014.02.10 end-of-day
Commodities
Crud e Oil
100.06
+0.18%
Na tura l G a s
4.58
-4.28%
G a soline
2.72
-0.88%
He a ting Oil
3.00
-1.74%
G old
1274.80
+0.90%
Silve r
20.10
+0.89%
Cop p e r
3.27
2014.02.10 end-of-day
Price
Change
2014.02.10 - $ 100.06
0.18 0.18%
1 Year Forecast
$115 / Barrel
file:///B:/Users/Srinivas V. Vadde/Desktop/Uploaded Links/Crude Oil & Economy Results/Updated Crude Oil and Gas Prices Data/Brent Crude Oil, Gas, and Met
1/1
3/2/14
Business
Published: February 13, 2014 17:16 IST | Updated: February 13, 2014 17:17 IST
The benchmark Sensex on Thursday slid 255 points, its biggest fall in ten days, dragged down by earnings-related
disappointments in bluechips like Cipla and Coal India, amid a weak trend in global markets.
The BSE index, which had gained 114 points in last two sessions, plunged 255.14 points, or 1.25 per cent, to end at
20,193.35. This was the biggest drop since the 304.59-point fall on February 3.
Weak quarterly results of certain large caps, poor global cues and uncertainty over a clear direction to the markets
may have led to sharp weakness, said Milan Bavishi, Head Research, Inventure Growth & Securities.
Cipla shares saw a nearly 8 per cent drop after third quarter earnings lagged estimates. PSU major Coal India Ltd
(CIL) fell 3.4 per cent on disappointing earnings. SBI ended 2.16 per cent down ahead of Q3 FY14 results on Friday.
Overall, 26 of 30 Sensex constituents ended down.
The 50-share NSE index Nifty dropped 82.90 points, or 1.36 per cent, to end at 6,001.10. Intra-day, it moved between
5,991.10 and 6,094.40. Thursdays drop was the sharpest since the 87.70-point dip on February 3.
Global stocks fell, led by a drop in Tokyo, ahead of US data releases.
Worries over the domestic economy also led to selling after data on Wednesday showed industrial output contracted
0.6 per cent in December. Retail inflation easing to a 2-year low of 8.79 per cent in January, did not appear to
enthuse investors.
Disappointing IIP also weakened market sentiment, said Nidhi Saraswat, Senior Research Analyst, Bonanza
Portfolio.
Eleven of the twelve BSE sectoral indices closed down.
Rate-sensitive banking and capital goods settled with over two per cent losses. The realty sector, however, ended up.
The MSCI Global Standard Indices will see the deletion of Lupin, Power Grid Corporation of India and Zee
Entertainment Enterprises from global standard indices with effect from February 28. All the three scrips ended in
the red.
In step with stock markets, the Indian rupee was trading 24 paise lower at 62.35 versus dollar in late trades.
Keywords: India stock markets, Sensex, BSE, Nifty, NSE, closing trade
www.thehindu.com/business/sensex-down-255-points-biggest-fall-in-10-days/article5685152.ece?css=print
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prices was 1.2% in January, up from Decembers 1.1% rate and the highest in three months.
Core prices which exclude volatile food and energy prices rose by a seasonally adjusted 0.4% for the
month.
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Stocks ended lower Wednesday, as investors digested minutes from the Federal Reserve's last meeting and grappled with
disappointing economic data.
The Dow and S&P 500 shed more than 0.5%, and the Nasdaq lost 0.9%. Tech stocks have been hot lately though. The Nasdaq has
gained for the past eight days.
The Fed released minutes from its January meeting in which it decided to further reduce, or taper, its monthly bond purchases.
Though last month's decision to continue to cut back on its stimulus measures was unanimous among the Fed's 10 voting
members, investors looked for hints of how the Fed might act in the future.
To that end, the Federal Reserve indicated that it may scrap its 6.5% unemployment rate target for raising the key federal funds
rate since the jobless rate is quickly approaching that threshold despite weak gains in hiring.
Additionally, the minutes indicated that there were some Fed officials who debated the possibility of raising interest rates
sooner than anticipated as the economy improves. The Fed has otherwise maintained that it intends to hold down interest rates
for the foreseeable future until the economy is stronger.
On the economic front, housing starts fell sharply in January, as bad winter weather took a hit on construction.
Related: Fear & Greed Index still dwelling in fear
Some analysts say markets should brace themselves for greater volatility this year after a bumpy start to 2014.
"Sentiment may still be fragile after the big gains in equities over the past year and a half," noted Gary Thayer, chief macro
strategist at Wells Fargo Advisors. "Further price volatility is likely in the weeks and months ahead."
money.cnn.com/2014/02/19/investing/stocks-markets/
1/3
3/2/14
What's moving: The broader market was down. But some prominent stocks moved higher. Shares of Zale ( ZLC) surged about
40% after Signet Jewelers ( SIG) unveiled a deal to acquire the Dallas-based jewelry retailer for $21 a share. Signet shares
soared 18%. The deal was a popular topic among traders on StockTwits.
"$ZLC Wow. $ZLC longs now have enough $ to buy a piece of jewelry for every friend & family member," said LukeKramer.
"Heck even the mailman gets a diamond."
Trader ibex thought the deal was a good sign for the broader stock market.
"When a jewelry company $ZLC sells for 41% premium, tells me the bull is still here for a while longer!" he said.
Tesla ( TSLA) shares rose sharply following the closing bell after the electric car marker's earnings topped expectations. Tesla
said it sold a record 6,892 of its Model S sedans in the fourth quarter, and that it expects to deliver more than 35,000 of them
this year. Investors are hoping for more news from CEO Elon Musk about plans to expand in China and introduce new models.
GPS device maker Garmin (
10%.
GRMN) reported an increase in quarterly earnings on a slight drop in revenue, sending shares up
Spirit Airlines ( SAVE) shares gained ground after the discount airline said that it more than doubled its adjusted net income
for the quarter.
Related: Spirit is one of six stocks we loved this past Valentine's Day
On the downside, Herbalife ( HLF) shares slipped even after the controversial seller of nutrition products, reported a doubledigit percentage jump in quarterly profit, fueled by sales in China. Hedge fund manager Bill Ackman has been claiming that
Herbalife is a pyramid scheme and has been betting against the company for over a year.
FB, Fortune 500) rose to an all-time high of $69.08, bringing the company's value to more
"Facebook is now bigger than Bank of America $FB $BAC," said TopstepTrader. Bank of America's (
market cap is around $172 billion.
The stock is the biggest gainer in CNNMoney's Tech 30 index this year. Traders seemed optimistic that Facebook will continue
to climb higher.
money.cnn.com/2014/02/19/investing/stocks-markets/
2/3
3/2/14
"$FB nothing is guaranteed in life except death and taxes but this looks like a high possibility of closing @ 69!" said ScalpingWS.
"And tomorrow 70! glta longs. Bullish."
And LynnHoggan predicted shares could rise another 40%: "$FB continues going up. $100 this year..."
Related: CNNMoney's Tech 30
European markets ended with modest gains. In Ukraine, the currency was under pressure as more than 20 people died during
anti-government protests.
Asian markets ended mostly with gains, except for Japan's Nikkei, which dipped by 0.5%.
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money.cnn.com/2014/02/19/investing/stocks-markets/
3/3
2/21/14
$110.30
-0.17 -0.15%
2014.02.20 end-of-day
$102.92
-0.39 -0.38%
2014.02.20 end-of-day
Commodities
Crud e Oil
102.92
-0.38%
Na tura l G a s
6.06
-1.40%
G a soline
2.85
+0.77%
He a ting Oil
3.18
+0.97%
G old
1317.10
-0.27%
Silve r
21.68
-0.77%
Cop p e r
3.32
-0.35%
2014.02.20 end-of-day
Price
Change
2014.02.20 - $ 102.92
-0.39 -0.38%
1 Year Forecast
$118 / Barrel
1/2
3/2/14
Business Markets
Published: February 20, 2014 10:10 IST | Updated: February 20, 2014 15:58 IST
The S&P BSE benchmark Sensex snapped a four-day gaining spree by dropping 78 points in late morning trade on
Thursday due to profit-booking from investors in banking and metal sectors on the back of lower Asian cues despite
persistent foreign capital inflows.
The 30-share index Sensex opened lower at 20,661.07 points and declined further to 20,589.03 before quoting at
20,645.39 at 1030 hours.
It showed a loss of 77.58 points or 0.37 per cent.
The NSE 50-share barometer Nifty also moved down by 30.50 points or 0.50 per cent to 6,122.25 at 1030 hours.
Major losers were - Tata Steel 2.10 pct, Tata Power 1.61 pct, SBI 1.31 pct, Axis Bank 1.05 pct, BHEL 0.83 pct and
Hindalco 0.81 pct.
Foreign institutional investors bought shares worth Rs. 468.47 crore on Wednesday, as per provisional data from
stock exchanges.
Asian stocks declined in their early trade as a private survey showed a faster-than-estimated drop in Chinas
manufacturing in February.
Key benchmark indices in Taiwan, Japan, Hong Kong and South Korea were off 0.14 to 1.68 per cent while indices in
China and Singapore were up 0.04 to 0.67 per cent.
A Chinese manufacturing index fell to the lowest level in seven months in February adding to challenges for the
government which there is grappling with risks to the financial system from trust defaults and soured loans.
U.S. stocks closed lower on Wednesday after the minutes from the Federal Reserves policy setting meeting revealed
little consensus about when short-term rates would begin to rise. A larger-than-expected drop in home construction
in January also weighed on the sentiment.
Keywords: Sensex, BSE, Nifty, NSE, Indian stock market
Printable version | Mar 3, 2014 4:04:44 AM | http://www.thehindu.com/business/markets/sensex-loses-4daygaining-spree-drops-78-points/article5708832.ece
The Hindu
www.thehindu.com/business/markets/sensex-loses-4day-gaining-spree-drops-78-points/article5708832.ece?css=print
1/1
2/22/14
$109.85
-0.45 -0.41%
2014.02.21 end-of-day
$102.20
-0.55 -0.54%
2014.02.21 end-of-day
Commodities
Crud e Oil
102.20
-0.54%
Na tura l G a s
6.14
+1.16%
G a soline
2.83
-0.47%
He a ting Oil
3.10
-2.53%
G old
1323.90
+0.51%
Silve r
21.78
+0.45%
Cop p e r
3.34
+0.36%
2014.02.21 end-of-day
Price
Change
2014.02.21 - $ 102.20
-0.55 -0.54%
1 Year Forecast
$117 / Barrel
1/2
3/2/14
40
40
TOTAL SHARES
Stocks slipped Friday as investors analyzed mixed signals about the health of the economy and corporate earnings.
The Dow, S&P 500, and Nasdaq all finished slightly lower. For the week, the Dow and S&P 500 ended in the red, while the
Nasdaq notched out a gain. The Nasdaq is the best performing major index so far in 2014, up more than 2%.
Stocks had a bumpy start to the year, as emerging markets turmoil and questions about the strength of the U.S. economy
weighed on investors. The Dow and S&P 500 are still lower for the year.
But a sense of calm has returned in the past few weeks, and stocks have regained some lost ground. There are also hopes
that new Federal Reserve chair Janet Yellen will be able to effectively wind down the central bank's massive bond buying
program in an orderly fashion.
Related: Fear & Greed Index shifts into neutral
On the corporate front, investors have been closely studying earnings to gauge whether stocks can continue to climb.
Hewlett-Packard ( HPQ, Fortune 500) shares dipped even though the company reported earnings late Thursday that
topped analysts' expectations. Investors have been looking for signs that the technology giant can roll out innovative new
products in the future.
One trader on StockTwits was confused by the drop.
"$HPQ what the heck it turned red? walk way for one second and that happens geez," said StockGuy39.
Dish Network ( DISH, Fortune 500) rallied after the satellite provider's quarterly earnings showed significant increases in
profit and revenue.
money.cnn.com/2014/02/21/investing/stocks-markets/
1/3
3/2/14
Groupon (
GRPN) shares plunged over 21% after the daily deal site forecast a loss for the current quarter.
European markets closed mostly higher, despite unrest in nearby Ukraine, which canceled plans to raise $2 billion by
selling bonds to Russia. Asian markets ended mixed.
money.cnn.com/2014/02/21/investing/stocks-markets/
2/3
3/2/14
34
34
TOTAL SHARES
Stocks slipped slightly Tuesday as investors balanced solid corporate earnings with less-than-stellar economic data.
The Dow, S&P 500, and Nasdaq all fell modestly.
The losses came a day after U.S. stocks made big gains, as investors were buoyed by the recent flurry of corporate deals and
stock buybacks. Stocks started out the year with losses from tumult in the emerging markets and concerns about where the U.S.
economy was headed.
But since then, stocks have largely rebounded as investors traded on fairly good corporate profit reports and economic data.
Related: Fear & Greed Index gets greedy again
On the economic front Tuesday, a key reading on consumer confidence came in lower than expected.
The S&P/Case-Shiller Home Price Index showed that home prices rose 11.3% last year, but it also indicated a cool-down in the
fourth quarter. The housing market has been a big driver of the economic recovery, but with mortgage rates creeping up more
recently, it's led to a softening of home loan demand.
Still, Home Depot ( HD, Fortune 500) shares gained 4% Tuesday after the retailer said that a recovering housing market drove
an increase in quarterly sales.
money.cnn.com/2014/02/25/investing/stocks-markets/
1/3
3/2/14
In other corporate news, Macy's ( M, Fortune 500) shares jumped 6% after the retailer reported strong sales for the holiday
season. Investors have been keeping an eye on the health of the consumer for signs of economic resilience.
BlackBerry ( BBRY) stock spiked almost 8% after a report suggested the company's technology could be used in Ford ( F,
Fortune 500) cars to connect vehicles to drivers' smartphones. Blackberry has had a rough go in recent years as it's continued to
lose ground in the competitive smartphone market.
But the stock has gotten a boost this year as investors have grown optimistic of its turnaround potential. It was the biggest
gainer on CNNMoney's Tech 30 Index Tuesday.
"$BBRY I don't have a problem holding since this stock is significantly undervalued," said duke2duke Tuesday on StockTwits.
One trader on StockTwits was surprised by Blackberry's performance.
"I never thought I'd say it, but I should have bought $BBRY today. Wow," said JxCxM.
Related: CNNMoney's Tech30
Tesla ( TSLA)surged 14% after Morgan Stanley raised its price target on the stock. Shares of the electric car maker are up an
eye-popping 640% over the last year.
"$TSLA is building not just a car, but an entire industry. batteries, chargers, maintenance, accessories, specialists, programmers,
etc," said StockTwits trader muzammilsoorma.
Still, another StockTwits user thought Tesla shares may have risen too high.
"$TSLA will not be surprised to see downgrades with the current price," said simpleplan.
JPMorgan ( JPM, Fortune 500) shares fell after the nation's largest bank said it was cutting jobs in its mortgage business. The
plan was unveiled during a presentation Tuesday in which the firm said it will slim down personnel at its branches in response to
technological changes in consumer banking.
2/26/14
$109.51
-1.13 -1.03%
2014.02.25 end-of-day
Commodities
Crud e Oil
101.83
-0.97%
Na tura l G a s
5.10
-6.85%
G a soline
2.80
-1.27%
He a ting Oil
3.10
+0.55%
G old
1343.00
+0.35%
Silve r
21.96
-0.40%
Cop p e r
3.34
2014.02.25 end-of-day
-0.63%
Add to your site
Price
Change
2014.02.25 - $ 101.83
-0.99 -0.97%
1 Year Forecast
$117 / Barrel
file:///B:/Users/Srinivas V. Vadde/Desktop/Uploaded Links/Crude Oil & Economy Results/Updated Crude Oil and Gas Prices Data/Brent Crude Oil, Gas, and Met
1/1
2/28/14
$108.96
-0.56 -0.51%
2014.02.27 end-of-day
Commodities
Crud e Oil
102.40
-0.19%
Na tura l G a s
4.51
-0.67%
G a soline
2.76
-1.35%
He a ting Oil
3.09
-1.35%
G old
1331.60
+0.27%
Silve r
21.31
+0.28%
Cop p e r
3.24
2014.02.27 end-of-day
-0.25%
Add to your site
Price
Change
2014.02.27 - $ 102.40
-0.19 -0.19%
1 Year Forecast
$117 / Barrel
file:///B:/Users/Srinivas V. Vadde/Desktop/Uploaded Links/Crude Oil & Economy Results/Updated Crude Oil and Gas Prices Data/Brent Crude Oil, Gas, and Met
1/1
3/16/14
Investors in Europe are hitting the 'sell button' as concerns about Ukraine and Russia intensify.
135
135
TOTAL SHARES
Global markets fell sharply Monday as a crisis in Ukraine continued to unfold and tensions rose with neighboring Russia.
Concerns are mounting over the region's political and economic stability as Ukraine's new leaders accused Russia of
declaring war.
Ian Bremmer of political risk firm Eurasia Group called the crisis "the most seismic geopolitical events since 9/11."
The conflict is prompting investors to react in a big way.
Russia's Micex index plummeted as much as 13% Monday, with the ruble also taking a major hit. In a surprise move, the
central bank raised key interest rates in an attempt to insulate the country against inflation and market volatility.
Related story: 5 reasons by Ukraine matters to the world economy
"The threat of war, the central government in Kiev losing control over eastern regions, fear of imminent default -- these are
all unnerving messages for markets," said IHS Global Insight's Lilit Gevorgyan. "Many investors do not have much faith
that the country is going to quickly turn around from the double political and economic crisis."
Gevorgyan said stocks of Ukrainian companies and foreign firms with exposure to the country have already taken a hit.
Other international stocks also fell -- the major European stock markets were tumbling, with Germany's Dax down 3%.
France's CAC 40 declining by 2.6% and London's FTSE 100 off by roughly 1.5%.
In Asia, Hong Kong's Hang Seng index closed 1.5% lower and Tokyo's Nikkei dropped 1.3%.
Related: See all the key commodity prices
money.cnn.com/2014/03/03/investing/ukraine-markets/
1/2
3/16/14
Energy markets are also on tenterhooks as the political crisis fuels fears of a gas disruption. Natural gas prices were up by
as much as 2% Monday and Brent crude prices were rising by over 2% to just above $111 per barrel.
Global grain prices were also rising over concerns that corn and wheat exports from Ukraine could be halted. The country is
one of the world's top grain producers. The price of wheat was up by roughly 5% Monday.
Meanwhile, gold prices were rising as investors seek to move their money into perceived safe-haven assets.
2014 Cable New s Netw ork. A Time Warner Company. All Rights Reserved. Terms under w hich this service is provided to you. Privacy Policy. AdChoices .
money.cnn.com/2014/03/03/investing/ukraine-markets/
2/2
3/5/14
$109.30
-1.90 -1.74%
2014.03.04 end-of-day
$103.33
-1.59 -1.54%
2014.03.04 end-of-day
Commodities
Crud e Oil
103.33
-1.54%
Na tura l G a s
4.67
+3.75%
G a soline
2.99
-1.17%
He a ting Oil
3.04
-1.31%
G old
1337.80
-0.92%
Silve r
21.19
-1.23%
Cop p e r
3.26
+1.26%
2014.03.04 end-of-day
Price
Change
2014.03.04 - $ 103.33
-1.59 -1.54%
1 Year Forecast
$118 / Barrel
1/2
3/5/14
$107.76
-1.54 -1.43%
2014.03.05 end-of-day
$101.45
-1.88 -1.85%
2014.03.05 end-of-day
Commodities
Crud e Oil
101.45
-1.85%
Na tura l G a s
4.52
-3.18%
G a soline
2.94
-1.53%
He a ting Oil
2.99
-1.62%
G old
1340.20
+0.18%
Silve r
21.24
+0.24%
Cop p e r
3.25
-0.26%
2014.03.05 end-of-day
Price
Change
2014.03.05 - $ 101.45
-1.88 -1.85%
1 Year Forecast
$116 / Barrel
1/2
3/11/14
$108.08
-0.92 -0.85%
2014.03.10 end-of-day
$101.12
-1.46 -1.44%
2014.03.10 end-of-day
Commodities
Crud e Oil
101.12
-1.44%
Na tura l G a s
4.65
+0.71%
G a soline
2.95
-0.83%
He a ting Oil
2.97
-1.51%
G old
1341.40
+0.25%
Silve r
20.88
-0.09%
Cop p e r
3.11
-1.48%
2014.03.10 end-of-day
Price
Change
2014.03.10 - $ 101.12
-1.46 -1.44%
1 Year Forecast
$116 / Barrel
1/2
3/16/14
www.thehindubusinessline.com/markets/sensex-ends-down-108-points/article5772782.ece?css=print
1/1
3/16/14
58
58
TOTAL SHARES
With little U.S. economic or corporate news on the docket Monday, investors kept an eye on the rest of the world to get a
sense of where the market is headed.
The Dow trimmed a loss of over 100 points earlier in the day, but still ended slightly in the red. The S&P 500 and Nasdaq
finished flat.
The Dow and S&P 500 are near all-time highs as investors celebrated the five year anniversary of the current bull market.
But the Nasdaq is not back to all-time highs yet.
In fact, Monday is the 14-year anniversary of the tech-heavy index hitting its peak of above 5,130.
Still, the Nasdaq is now only about 15.5% below its dot-com boom record, thanks to a nearly 40% jump last year and strong
start to 2014.
money.cnn.com/2014/03/10/investing/stocks-markets/
1/3
3/16/14
But one trader on StockTwits thought the stock's dip might be short-lived.
"$BA I wonder if BA jumps right back up after all this bad news," said bluegill1972. "I'm thinking this might be a buy soon."
Tension in Ukraine created volatility in global markets early last week. But investors have been breathing a sigh of relief the
past few days as the crisis seems to be abating.
"As long as there's no feeling that an escalation into a wider conflict is imminent, the markets may remain calm," said Wasif
Latif of USAA Investments in a note to clients Monday morning.
Related: Fear & Greed Index is in extreme greed
In other corporate news, Chiquita Brands ( CQB) rallied more than 10% after the company said it was buying Ireland's
Fyffes for about $526 million to create the world's leading banana company.
Shares of 3-D printer maker DDD Systems ( DDD) plunged 5% after a report over the weekend claimed that investors may
be overpaying for 3-D printing stocks. The stock is down around 30% this year after a huge run in 2013.
But StockTwits user johnnyquest felt that the report was "shortsighted" and that 3-D printing technology will continue to
grow. "$DDD The law of accelerating returns will prevail in 3d printing. We'll be printing our wardrobes soon," he said.
LowRiskTrader echoed that sentiment. "$DDD ...Every sell off is a reason to buy," he said.
Related: CNNMoney's Tech 30
Shares of eBay ( EBAY , Fortune 500), a member of CNNMoney's Tech 30 Index, slumped after Carl Icahn stepped up
his campaign against the company's management.
In a letter Monday, the activist investor attacked John Donahue, the company's CEO, for failing to supervise his firm's board
for alleged conflicts of interest related to their financial stakes in companies that Icahn believes are eBay competitors. eBay
responded by defending Donahue's record. Icahn wants eBay to spin off its PayPal unit.
"$EBAY board. When will you guys learn. Mr. Icahn always gets his way," quipped tonytan0 on StockTwits.
money.cnn.com/2014/03/10/investing/stocks-markets/
2/3
3/12/14
$108.02
-0.53 -0.49%
2014.03.12 end-of-day
$97.99
-2.04
-2.08%
2014.03.12 end-of-day
Commodities
Crud e Oil
97.99
-2.08%
Na tura l G a s
4.49
-2.56%
G a soline
2.96
-0.38%
He a ting Oil
2.93
-1.21%
G old
1370.30
+1.74%
Silve r
21.33
+2.55%
Cop p e r
3.03
2014.03.12 end-of-day
Price
Change
2014.03.12 - $ 97.99
-2.04 -2.08%
1 Year Forecast
$112 / Barrel
1/2
3/16/14
87
87
TOTAL SHARES
Investors hit the sell button today as worries about global tensions and more bad news out of China overshadowed good
news on the U.S. economy.
The Dow fell more than 230 points, or 1.4%. The S&P 500 and Nasdaq also were off by more than 1%. All three indexes
were up in earlier trading.
Wall Street is waiting to see what happens in Sunday's Crimean referendum on joining the Russian Federation, and what
that outcome may mean for markets.
In addition, China announced that retail sales and industrial production were both worse than expected and that helped add
to worries that the story out of China won't be a good one for investors anytime soon.
European and Asian stock markets finished Thursday mostly lower due to the worries about a slowdown in China.
"For China, the question is whether the [government] authorities are in control of the slowdown, or if it starts controlling
them," said Simon Smith, chief economist at FxPro.
The China and Ukraine concerns overshadowed a report by the U.S. government that retail sales in February were up
0.3%. This was the first increase in three months as consumers bought more autos and clothing. On the jobs front, initial
unemployment claims fell by 9,000 to 315,000, a three month low.
Related: Fear & Greed Index moves back to neutral
But even with the broader market lower, several high-profile stocks gained ground.
Fuel cell maker Plug Power (
PLUG) was sharply higher after releasing fourth quarter results. Although the company
money.cnn.com/2014/03/13/investing/stocks-markets/
1/3
3/16/14
reported a loss, CEO Andy Marsh said he believes that orders for this year will be nearly four times 2013's total orders.
The stock has surged since disclosing a big order from Walmart last month. But it -- as well as rivals FuelCell Energy
( FCEL) and Ballard Power Systems ( BLDP) -- are highly speculative companies.
"$PLUG Be careful on this -- major bear flags all around. Retail may be propping this up, but institutions can take it down
easily," said StockTwits user PowerKing
But danbetz didn't think the run in Plug Power was done yet. "$PLUG good news is we have great diversity of opinion here,
this makes a market and plug stream proves the bull market is far from over," he wrote.
Related: CNNMoney's Tech 30
Amazon ( AMZN, Fortune 500) rose after saying that it would boost the annual cost of its Amazon Prime membership by
$20 a year to $99. Investors seemed relieved that the price hike was not as steep as it said it could be just a month ago.
The stock was the top gainer in CNNMoney's Tech 30 index Thursday.
But one trader thought the price increase was a bad move "$AMZN 20 bucks is a big hit! all hikes suck..subscriber growth
@20 million..some will bail..incomes are down. not a good time," wrote Thorgood.
Herbalife ( HLF)was sharply lower following a sell-off on Wednesday after the Federal Trade Commission said it's
investigating the multi-level marketer. Shares are down nearly 27% so far this year. Hedge fund manager Bill Ackman
has been a loud critic of the company, calling it a "pyramid scheme".
There was a sweet treat for owners of Krispy Kreme Doughnuts ( KKD) this morning. The company reported a strong
outlook for sales and earnings. Shares were up slightly today, and are up more than 30% over the past 12 months. Dunkin'
Brands ( DNKN) was lower Thursday, but the stock is up nearly 40% in the past year.
money.cnn.com/2014/03/13/investing/stocks-markets/
2/3
3/16/14
Business Markets
Published: March 13, 2014 17:12 IST | Updated: March 13, 2014 17:12 IST
The 30-share index had rose to a days high of 21,991.36 points on fall in consumer inflation and positive industrial growth in the previous
quarter. Photo: Vivek Bendre
The Hindu
The BSE benchmark index Sensex pared early gains to close down by 81 points on Thursday due to late selling in IT
stocks led by Infosys on reports of sluggish growth.
The 30-share index had rose to a days high of 21,991.36 points on fall in consumer inflation and positive industrial
growth in the previous quarter.
However, a late selling mainly in IT stocks led by index major Infosys pushed back the barometer to end lower by
81.61 points, or 0.37 per cent, at 21,774.61 points.
A weak trend in Asian markets after Chinas industrial growth and retail sales missed estimates further fuelled the
selling pressure, brokers said.
The countrys second largest software exporter Infosys slumped nearly 9 per cent after the company said it expects a
sluggish growth in the January-March quarter due to muted spending by clients, especially in the retail sector.
The broad-based National Stock Exchange index Nifty rose by 23.80 points, 0.37 per cent to 6,493.10, after touching
the days high of 6,561.45.
The IT sector index suffered the most losing 4.06 per cent as Infosys, TCS and Wipro suffered fresh losses. TCS
dropped 1.16 per cent while Wipro lost 0.52 per cent.
Another index-linked Sun Pharma tanked 5.03 per cent following a ban on import of products made at its Karkhadi
plant in Gujarat by the U.S. authority due to violation of manufacturing norms.
In 30-BSE index components, 13 stocks declined while 17 ended with gains.
Besides IT, stocks of TecK, Realty, Healthcare, Power, Metal and Consumer Durables declined.
Bucking the general weakening trend, stocks of Reliance Industries, State Bank of India, ICICI Bank, Coal India, Dr
Reddys Lab, HDFC Bank and Mahindra and Mahindra rose and saved the market from a major fall.
www.thehindu.com/business/markets/sensex-drops-by-81-points-infosys-falls/article5780811.ece?css=print
1/2
3/14/14
$107.39
-0.63 -0.59%
2014.03.13 end-of-day
Commodities
Crud e Oil
98.20
+0.21%
Na tura l G a s
4.38
-2.44%
G a soline
2.93
-0.78%
He a ting Oil
2.92
-0.20%
G old
1372.20
+0.14%
Silve r
21.17
-0.75%
Cop p e r
2.99
-1.19%
2014.03.13 end-of-day
Price
Change
2014.03.13 - $ 98.20
0.21 0.21%
1 Year Forecast
$112 / Barrel
file:///B:/Users/Srinivas V. Vadde/Desktop/Uploaded Links/Crude Oil & Economy Results/Updated Crude Oil and Gas Prices Data/Brent Crude Oil, Gas, and Met
1/1
3/16/14
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Is Russia yanking
its money out of the
U.S.?
Why do libertarians
lose elections?
REUTERS
Print
Em ail
U.S. stocks capped a turbulent session with heavy losses after Fed
Share
chief Janet Yellen hinted at rate hikes as soon as six months after the
0 Com m ents
Investment?
Today's Markets
The Dow Jones Industrial Average dropped 114 points, or 0.7%, to
RELATED STOCKS
FDX
FEDEX CORP....
The Debt
16222, the S&P 500 skidded 11.5 points, or 0.61%, to 1861 and the
Consumers Always
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138.38
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central bank's helm was going smoothly ... until she said the central
Enough for a
bank could begin hiking rates from record lows six months after it
Comfortable
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The move initially sent the Dow tumbling nearly 200 points.
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"It is going to be very difficult for [the Fed] to tighten at this juncture
What's this?
and when push comes to shove, they wont do anything," said Michael
hike interest rates from record lows following its two-day policy-setting
-0.06%
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Mar 19
4:00 PM
AAPL
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531.26
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BAC
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S
S
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skyrockets, but its still not
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Stocks plunge, bond yields spike after Fed - Mar. 19, 2014
66
66
TOTAL SHARES
Investors weren't too thrilled by what they heard from Janet Yellen during her first meeting in charge of the Fed.
The Dow fell more than 100 points, while the S&P 500 and Nasdaq also finished lower.
Stocks were relatively stable as Yellen started her press conference. But the Dow fell as many as 180 points before recovering
after she said the Fed's stimulus program would most likely be finished by the fall and that a rate hike could come as soon as
early 2015.
Prior to the press conference, the Fed said it will continue trimming, or tapering, its monthly bond buying program by another
$10 billion, to $55 billion a month.
Related: CNNMoney's March Stock Mania
Those asset purchases, a policy known as quantitative easing, started at the height of the 2008 financial crisis to support the
U.S. economy. Many experts say it also has been a key driver behind the bull market in stocks for the past five years.
The Fed also said in its statement that was dropping its 6.5% unemployment threshold for hiking interest rates, instead saying
that it will strive for maximum employment and 2% inflation before any rate change.
The central bank added that it would keep interest rates near zero for a "considerable time" after its bond purchases end. But in
response to a question at the press conference, Yellen said that a "considerable time" could be as short as six months.
Additionally, the Fed said the cold weather slowed economic growth in recent months.
Bond yields spiked on the Fed news as well. The rate on the 10-year Treasury note rose to 2.77% Wednesday from 2.68% a day
earlier. Bond yields rise when prices fall and investors often sell bonds at times when economic data is improving.
money.cnn.com/2014/03/19/investing/stocks-markets/index.html
1/3
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Stocks plunge, bond yields spike after Fed - Mar. 19, 2014
In corporate news, home builders were among the biggest gainers. KB Home (
reported earnings that beat analysts' expectations.
Rivals Lennar Corporation ( LEN), D.R. Horton ( DHI), and PulteGroup ( PHM) also rallied. On Tuesday, the government
reported that building permits, a sign of future construction, rose by 7.7% in February.
FedEx ( FDX, Fortune 500) blamed "unusually severe winter storms" for quarterly earnings that came in below estimates. But
the fact that snow would impact FedEx wasn't that big of a surprise, and shares of the shipping company fell only slightly
Wednesday.
OWW) tumbled 9% after the travel site operator was downgraded to a "sell" rating by analysts at Goldman
First Solar ( FSLR) shares soared 21% after the company said it plans to develop a solar power plant with General Electric
( GE, Fortune 500) as part of the two companies' partnership that was announced last year. The stock has soared 135% in the
past twelve months. That had one trader wondering if it's time to sell.
"$FSLR good day to take profit." said truongjh.
Horizon Pharma ( HZNP)surged after the biotech company said it was buying Dublin-based Vidara Therapeutics International
for $660 million. Biotechnology stocks have been on a tear this year, although some of the leading stocks have pulled back lately
on concerns about valuations.
"Biotech Lottery is back! Today's early winner---> $HZNP," said chicagosean.
Related: CNNMoney's Tech 30
European markets and Asian markets both ended with mixed results Wednesday as traders around the world were all waiting
for the Fed.
money.cnn.com/2014/03/19/investing/stocks-markets/index.html
2/3
3/19/14
$105.85
-0.94 -0.89%
2014.03.19 end-of-day
Commodities
Crud e Oil
100.37
+0.67%
Na tura l G a s
4.48
+0.62%
G a soline
2.87
-1.19%
He a ting Oil
2.90
-0.50%
G old
1341.40
-1.31%
Silve r
20.80
-0.17%
Cop p e r
3.03
2014.03.19 end-of-day
+1.11%
Add to your site
Price
Change
2014.03.19 - $ 100.37
0.67 0.67%
1 Year Forecast
$115 / Barrel
file:///B:/Users/Srinivas V. Vadde/Desktop/Uploaded Links/Crude Oil & Economy Results/Updated Crude Oil and Gas Prices Data/Brent Crude Oil, Gas, and Met
1/1
3/24/14
53
53
TOTAL SHARES
Stocks went on a wild ride Friday, but still finished the week higher.
The S&P 500 hit a record high right out of the gate. The rally faded almost immediately. The index bounced around for most of
the day before ending lower. The Dow Jones industrial average also closed in the red, erasing a gain of more than 100 points
from earlier in the day. The Nasdaq was the hardest hit, falling more than 1%.
The choppy trading came amid the simultaneous expiration of four types of futures and options contracts -- a quarterly
phenomenon known as quadruple witching. "That's the main driver of the day," said Peter Cardillo, chief market economist at
Rockwell Global Capital.
He noted that the only other major market news was that 29 of the 30 big banks passed the Federal Reserve's stress test.
Regional bank Zions ( ZION) was the only one that did not and its shares fell nearly 5%.
Despite Friday's turbulence, the major indexes all enjoyed a strong week. The Dow and S&P 500 are both gained more than 1%.
Related: Fear & Greed Index shows greed again
Markets were rattled Wednesday after Fed chair Janet Yellen suggested that the central bank could begin hiking interest rates
sooner than expected. But worries about central bank policy quickly faded and the market rebounded Thursday.
The latest reading on the CNNMoney Fear & Greed index shows investors are getting greedy once more.
But the mood isn't quite so perky in Russia, where the stock market and ruble are under pressure after the U.S. announced
sanctions against more high-ranking Russian individuals and a bank. Western nations are trying to put pressure on Russia after
it annexed Crimea, a region in southern Ukraine.
money.cnn.com/2014/03/21/investing/stocks-markets/
1/3
3/24/14
The impact on global markets from the sanctions "will be real but not drastic," according to analysts at political risk consultancy
Eurasia Group.
The analysts said capital flight from Russia "will likely be extremely high" in the first quarter and the sanctions will "send a chill
through the Russian banking sector." But the Americans and Europeans are unlikely to impose on Moscow the kind of crippling
sanctions they used against Iran, according to Eurasia.
Related: Risks in focus as China's economy slows
There was little U.S. economic or corporate news on the docket Friday.
Before the opening bell, Tiffany ( TIF) reported full-year earnings and sales that fell short of forecasts. The stock ended down
slightly but had traded higher throughout the day, a move that surprised one trader on StockTwits.
"$TIF ... Missed on ER, why is this stock rising," wrote IMMED.
DRI, Fortune 500), the parent company of Red Lobster and Olive Garden, were higher despite
NKE, Fortune 500) shares slid after the company said earnings could be squeezed over the next few quarters.
Some traders said Nike may be facing a tough challenge from rival sports apparel maker Under Armour (
strong growth in the past few years.
"$NKE is losing major market share to Under Armour. $UA is the goto brand for the kids. They don't want to wear their parents
brand," said NJDad.
But others believe there's enough demand for both companies to continue growing.
"$UA is up 850% since its IPO. $NKE is up 250% for the same time. Room for growth for both. http://stks.co/s07lI," said
ivanhoff.
Symantec ( SYMC, Fortune 500)shares plunged after the company fired its CEO. The stock was the worst performer in
CNNMoney's Tech 30 index Friday and is now the biggest loser in the index for the year.
Related: CNNMoney's Tech 30
money.cnn.com/2014/03/21/investing/stocks-markets/
2/3
3/24/14
bankruptcies in China after the nation's first corporate bond default last month.
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Markets surprised
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Print
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firms tumbled.
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Today's Markets
Data
Novo Nordisk
Average fell 25.9 points, or 0.16%, to 16276, the S&P 500 declined
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Upgraded to 'Buy'
9.1 points, or 0.49%, to 1857 and the Nasdaq Composite sold off by
CSCO
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The markets capped a turbulent trading week to the upside last week,
with the broad S&P 500 advancing 1.4%. The pace was expected to
Futures Violation
351.85
calendar.
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GOOG
GOOGLE INC....
Large Losses On
day, knocking the Nasdaq down sharply. Among the names were
Treasury Holdings
1,157.93
-25.11
50.30
(YHOO). Meanwhile, the Nasdaq Biotech index extended its slide and
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Neil: Why does
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Reaches $9.5B
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FHFA
16269, the S&P 500 dipped 13.1 points, or 0.7%, to 1853 and the
Surpasses 10% of
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17.18
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once again pushing back toward record highs. The move was driven
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2.2% in February from the month prior, a bigger jump than the 1%
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HQ
orders rose 0.2%, lower than the 0.3% rise expected. The report
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What's this?
of the day will be the public debut of King Digital Entertainment. The
maker of Candy Crush, which priced on the lower end of its range
Tuesday night, will trade on the New York Stock Exchange under the
ticker KING.
Meanwhile, the 30 largest U.S. banks and foreign financial institutions
with major American wings will find out whether the Federal Reserve
will approve their capital plans at 4 p.m. ET. Among the big names
FB
-6.94%
FACEBOOK INC.
Mar 26
60.38
GE
-0.31%
GENERAL ELECT...
Mar 26
4:00 PM
AAPL
-0.96%
539.78
APPLE INC.
Mar 26
4:00 PM
-0.32%
AT&T INC.
Mar 26
-0.52%
Mar 26
4:00 PM
25.62
34.61
4:00 PM
15.25
4:00 PM
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on climate change
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$107.76
-0.31 -0.29%
2014.03.31 end-of-day
$101.58
-0.09 -0.09%
2014.03.31 end-of-day
Co mmo dities
Crud e Oil
101.58
-0.09%
Na tura l G a s
4.37
-2.61%
G a soline
2.91
-0.91%
He a ting Oil
2.93
-0.88%
G old
1283.40
-0.81%
Silve r
19.73
-0.19%
Cop p e r
3.05
-0.41%
2014.04.01 end-of-day
Price
Change
2014.04.01 - $ 101.58
-0.09 -0.09%
1 Year Forecast
$116 / Barrel
1/2
4/1/14
$105.62
-2.14 -2.03%
2014.04.01 end-of-day
$99.74
-1.84
-1.84%
2014.04.01 end-of-day
Co mmo dities
Crud e Oil
99.74
-1.84%
Na tura l G a s
4.28
-2.22%
G a soline
2.87
-1.68%
He a ting Oil
2.89
-1.45%
G old
1279.60
-0.30%
Silve r
19.67
-0.33%
Cop p e r
3.06
+0.28%
2014.04.01 end-of-day
Price
Change
2014.04.01 - $ 99.74
-1.84 -1.84%
1 Year Forecast
$114 / Barrel
1/2
4/3/14
$104.79
-0.83 -0.79%
2014.04.02 end-of-day
$99.62
-0.12
-0.12%
2014.04.02 end-of-day
Co mmo dities
Crud e Oil
99.62
-0.12%
Na tura l G a s
4.36
+2.02%
G a soline
2.87
He a ting Oil
2.87
-0.74%
G old
1290.50
+0.84%
Silve r
20.03
+1.81%
Cop p e r
3.07
+0.33%
2014.04.02 end-of-day
Price
Change
2014.04.02 - $ 99.62
-0.12 -0.12%
1 Year Forecast
$114 / Barrel
1/2
4/4/14
Business Markets
Sensex drops 149 points on profit-booking
PTI
The BSE benchmark index Sensex on Friday fell further by 149 points on sustained selling by funds in auto and IT
stocks, judging the recent rally an overdone.
The 30-share index, which had slipped from record levels by 42 points in the previous sessions, fell further by 149.57
points, or 0.66 per cent, to close at 22,359.50 points.
The broad-based Nifty of the National Stock Exchange fell by 41.75 points, or 0.62 per cent, to 6,694.35.
Brokers said the market was in over-bought position and started rolling back on profit booking at higher levels as
investors turned cautious on approaching elections.
The Sensex surged 1,266 points in the March month as foreign institutional investors bought $ 4.27 billion of equities
and bonds this year.
IT stocks were down before the fourth quarter earning session beginning with Infosys on April 15.
In 30-BSE index components 25 stocks declined while five ended with gains.
Major losers were Infosys, Tata Consultancy Services, Wipro, Reliance Industries, Bajaj Auto, Bharti Airtel, BHEL,
GAIL India, HDFC, ICICI Bank, ITC and Larsen and Toubro.
The auto sector index suffered the most by losing 1 per cent to 13,278.87 followed by IT index by 0.95 per cent to
8,878.67. Teck Index by 0.92 to 4,947.38 and power index by 0.83 per cent to 1,723.90.
Keywords: Bombay Stock Exchange, Sensex, IT stocks, Auto sector
www.thehindu.com/business/markets/sensex-drops-149-points-on-profitbooking/article5871683.ece
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By Adam Samson / Closing Comment / Pub lished April 04, 2014 / FOXBusiness
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online stocks like Yelp (YELP) and Pandora (P) also fell sharply. The
biotech sector was another big loser, with the Nasdaq Biotechnology
index crumbling close to 4%. The Nasdaq Composite experienced its
worst selloff since early February.
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The economic sentiment on Wall Street is slowly shifting. Over the first
What's this?
two months of the year, the conversation revolved around harsh winter
the previous two months was also revised higher. The unemployment
F
"The US economy continues to create jobs at a good but not great
pace that we should be seeing this far into the recovery," Peter
-1.59%
Apr 4
FB
-4.61%
FACEBOOK INC.
Apr 4
mail to clients.
GE
-0.80%
"It is good enough however for the Fed to continue its taper,
AAPL
Boockvar, chief market analyst at The Lindsey Group, wrote in an eGENERAL ELECT...
especially again at month end, but not good enough we believe to get
the 3%+ GDP growth rate that we all hope for."
16.13
4:01 PM
56.75
4:00 PM
26.02
Apr 4
4:00 PM
-1.29%
531.82
APPLE INC.
Apr 4
4:00 PM
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109
109
TOTAL SHARES
Sharing in the biotech butchery were Amgen ( AMGN, Fortune 500) and Halozyme Therapeutics. ( HALO) A late-stage test
of Amgen's skin cancer drug disappointed researchers, and Halozyme plunged after it suspended a study of its pancreatic cancer
drug due to patient safety concerns.
The "Friday fall" was the talk of the day on StockTwits, prompting this reaction from TradeTheHits,"$QQQ The recent violent
shake really forces you to be humble. Throw everything you think you know out the window."
InvestingJungle said,"$QQQ This thing has to find support right here, right now, or it's gonna be a nasty flush into the close."
And it was.
money.cnn.com/2014/04/04/investing/stocks-markets/index.html?iid=Lead
1/3
4/4/14
Hard to believe this is the same day that started off with record highs. Shortly after trading began this morning, the Dow
(16,629) and S&P 500 (1,897) both touched intraday all-time highs in response to the the March jobs report. But it didn't last.
"Wall Street expected a huge bounce, but they didn't see it", said Kristina Hooper, U.S. Investment Strategist at Alliance Global
Investors. She characterized the jobs report as somewhat positive but,"not too positive that the Fed would alter its stance."
The much anticipated unemployment report today said 192,000 jobs were added last month, less than expected, and the
unemployment rate held steady at 6.7%.
Wage growth is still weak, something you don't want to see in an economic recovery. A bright spot from the report is that
January and February payrolls were revised higher, showing more job gains than first reported during the frigid winter months.
Another stock also making its Friday debut was IMS Health (
15%.
Shares of Synnex ( SNX, Fortune 500) were are also sharply higher, up more than 23%. The computer hardware distributor
reported better than expected earnings late Thursday. Brean Capital also raised its price target for the stock to $85 a share from
$72 a share.
Unfortunately for CarMax ( KMX, Fortune 500), it's wasn't TGIF. Its shares skidded nearly 4%. The biggest seller of used cars
in the U.S. reported weaker than expected earnings largely due to what the company referred to as an accounting correction.
European markets finished higher on Friday, likely fueled by the European Central Bank's pledge yesterday to do some sort of
quantitative easing, if necessary. Asian markets ended the week mixed. China's benchmark Shanghai Composite rose 0.7%,
money.cnn.com/2014/04/04/investing/stocks-markets/index.html?iid=Lead
2/3
4/4/14
while stocks in Singapore dropped 0.3%. The Nikkei was little changed at close of trading on Friday.
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3/3
4/7/14
$105.82
-0.90 -0.85%
2014.04.07 end-of-day
$100.44
-0.70 -0.70%
2014.04.07 end-of-day
Co mmo dities
Crud e Oil
100.44
-0.70%
Na tura l G a s
4.48
+0.83%
G a soline
2.93
-0.18%
He a ting Oil
2.89
-0.60%
G old
1298.00
-0.40%
Silve r
19.89
-0.18%
Cop p e r
3.06
+0.67%
2014.04.07 end-of-day
Price
Change
2014.04.07 - $ 100.44
-0.70 -0.70%
1 Year Forecast
$115 / Barrel
1/2
4/7/14
Wall Street Sells Off as Shift from Risk Persists | Fox Business
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Share
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M&A Conditions on
The Dow Jones Industrial Average fell 167 points, or 1%, to 16246,
the Rise
the S&P 500 dipped 20 points, or 1.1%, to 1845 and the Nasdaq
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ISRG
INTUITIVE SU...
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decline since 2012. The move has come on the back of an intense
selloff in once high-flying technology and biotechnology names.
GOOG
GOOGLE INC....
538.15
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PG
80.49
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48.66
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European Stocks
Drop Sharply;
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Wall Street Sells Off as Shift from Risk Persists | Fox Business
What's this?
The sudden shift comes as traders move money from growth stocks
into more defensive dividend-paying shares, such as utilities. Peter
Boockvar, chief market analyst at The Lindsey Group, said concerns
that the economy is still sluggish, yet still growing quickly enough for
the Federal Reserve to continue tapering its bond-buying program,
Apr 7
FB
+0.35%
was at least partly to blame. This comes at a time when analysts are
increasingly discussing a potential bond-purchasing program from the
European Central Bank to combat very light inflation in the eurozone.
-1.18%
FACEBOOK INC.
Apr 7
PG
+0.90%
15.94
4:00 PM
56.95
4:00 PM
80.49
Apr 7
4:02 PM
The U.S. economic calendar was fairly light on the day. A report from
the Federal Reserve showed consumer credit jumped by $16.5 billion
-1.57%
523.47
APPLE INC.
Apr 7
4:00 PM
-0.17%
AAPL
AT&T INC.
Apr 7
35.49
4:00 PM
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Biotech Bust: Nasdaq Crumbles in Worst Rout Since '11 | Fox Business
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By Adam Samson / Midday Market Report / Pub lished April 10, 2014 / FOXBusiness
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Art Laffer: There is
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EBay, Icahn Strike
Agreement, End
The Dow Jones Industrial Average fell 267 points, or 1.6%, to 16170,
Proxy Battle
the S&P 500 dipped 39 points, or 2.1%, to 1833 and the Nasdaq
RELATED STOCKS
63.72
-4.19
Why Delawares
The S&P 500, Nasdaq and Dow all posted their best days since early
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Premiums Have
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1/3
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Biotech Bust: Nasdaq Crumbles in Worst Rout Since '11 | Fox Business
What's this?
Traders kicked off the day with alarming data on China's economy.
FB
Apr 10
-1.33%
Apr 10
GE
-1.43%
GENERAL ELECT...
IBM
INTERNATIONAL...
AAPL
-5.21%
FACEBOOK INC.
APPLE INC.
59.16
4:00 PM
15.63
4:00 PM
25.58
Apr 10
4:02 PM
-0.49%
195.68
Apr 10
4:01 PM
-1.29%
523.48
Apr 10
4:00 PM
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$107.46
-0.52 -0.48%
2014.04.10 end-of-day
$103.40
-0.20 -0.19%
2014.04.10 end-of-day
Co mmo dities
Crud e Oil
103.40
-0.19%
Na tura l G a s
4.66
+1.48%
G a soline
3.01
He a ting Oil
2.94
-0.51%
G old
1320.10
+1.11%
Silve r
20.08
+1.61%
Cop p e r
3.07
2014.04.10 end-of-day
Price
Change
2014.04.10 - $ 103.40
-0.20 -0.19%
1 Year Forecast
$118 / Barrel
1/2
4/14/14
Business Markets
Published: April 11, 2014 10:20 IST | Updated: April 11, 2014 18:12 IST
The BSE benchmark Sensex on Friday fell from record levels by losing over 86 points as cautious investors booked
profits ahead of inflation data and earning season amid a slide in global markets.
The Sensex dropped by 86.37 points, or 0.38 per cent, to close at 22,628.96. On Thursday, the index had zoomed to
all time high of 22,792.49 in day trade.
The broad-based Nifty of the National Stock Exchange lost 20.10 points, or 0.30 per cent, to 6,776.30. It touched a
low of 6,743.15 intra-day.
Cautious investors indulged in profit booking at higher levels ahead of industrial production data to be released later
in the day, brokers said. Investors are also awaiting for inflation figure and quarterly earnings from next week for
further direction, they added.
The market was also in a cautious mood following a long week-end as market will be closed on Monday for Ambedkar
Jayanti
A weak trend in the Asian region and lower opening in Europe following a steep fall in technology stocks at US
markets overnight, further influenced the sentiment.
Reliance Industries dropped by 1.65 per cent before the earnings, leading the oil and gas sector index to suffer the
most by 1.28 per cent.
The auto sector index was the second worst performer by losing 1.20 per cent following reports of fall in car sales for
the second consecutive fiscal in 2013-14.
In 30-BSE index components, 19 stocks declined led by State Bank of India, Maruti Suzuki, Mahindra and Mahindra,
Larsen and Toubro, Bajaj Auto and Hero MotoCorp.
HDFC Ltd, Gail India, ICICI Bank and Hindustan Unilver also declined.
www.thehindu.com/business/markets/sensex-falls-by-86-points-ahead-of-industry-data/article5899737.ece?css=print
1/2
4/11/14
82
82
TOTAL SHARES
Markets are finally closed for the week after a truly bumpy ride that ended with investors running for the exits Thursday and
Friday.
The weakness in the technology sector appears to be spreading to the broader stock market.
The Nasdaq was the biggest loser. The tech-heavy index fell more than 1.3% to end below 4,000 for the first time since early
February. It lost 3.1% for the week.
The Dow Jones Industrial Average fell 143 points after JPMorgan ( JPM, Fortune 500) reported weaker-than-expected
earnings growth. The blue-chip average sank 2.3% for the week, falling after three weeks of gains.
The S&P 500 was down nearly 1% today with selling in all sectors. Information technology was the hardest hit, but more
defensive sectors such as utilities and telecoms were also under pressure. For the week, the S&P 500 fell 2.6%.
It's a sharp reversal for the broad market gauge, which hit an all-time high just last week.
All three major U.S. market indexes are now down for the year.
Related: Investors aren't bringing sexy back
The main catalyst for this week's sell-off was a souring on so-called momentum stocks, including shares of many technology and
healthcare companies. The firms had been trading at very high prices relative to expected earnings growth.
For example, two popular exchange-traded funds that own biotechnology stocks (
fell about 4% this week.
money.cnn.com/2014/04/11/investing/stocks-markets/index.html?iid=HP_LN
IWM) both
1/3
4/11/14
But the concern now is that the sell-off is spreading to other parts of the market.
"The market has run out of momentum stocks to crush, so it is moving to the fat ladies aka $SPY and $DIA," said StockTwits user
ivanhoff, referring to exchange-traded funds that mirror the S&P 500 and the Dow.
Stocks have been on a wild ride so far in 2014.
According to Schaeffer's Investment Research, the Nasdaq has experienced a gain or loss of 1% or more on 21 trading days since
January 1. That's roughly double the number from the same period last year.
Related: Fear & Greed Index still gripped by fear
In corporate news, Herbalife ( HLF) shares plunged after the Financial Times reported that federal law enforcement authorities
are investigating the company. Herbalife, which sells nutritional supplements via a network of independent distributors, is
already the subject of a Federal Trade Commission probe.
Hedge fund manager Bill Ackman has repeatedly called Herbalife a pyramid scheme and has a very public $1 billion bet against
the company's stock.
Before the market opened, JPMorgan said earnings were hurt in the first quarter by weakness in bond trading, while consumer
lending and deposits were a bright spot. Despite the lackluster report, CEO Jamie Dimon said he has "growing confidence in the
economy."
JPMorgan shares fell more than 3%. "$JPM nothing to see please move along and carry on," wrote LAstarDCstar
Related: JPMorgan profits sink, but Dimon confident
WFC, Fortune 500), which reported a double-digit profit gain for the first quarter.
Citigroup ( C, Fortune 500), Bank of America ( BAC, Fortune 500), Morgan Stanley (
( GS, Fortune 500) will report results next week.
Overall, earnings for the companies in the S&P 500 are expected to fall 1.2% in the first quarter, according to FactSet Research.
That would mark the first annual decline since the third quarter of 2012.
Related: CNNMoney's Tech 30
JCP, Fortune 500), though there was no clear trigger for the selling. The
"$JCP WHERES THE NEWS! 12% plunge doesn't just happen!!!!!!!," wrote TheEngine3r on StockTwits.
H&R Block ( HRB) shares jumped initially after the company said it will sell its bank to Bofl Federal Bank, but the stock ended
the day lower. Shares of retailer GAP ( GPS, Fortune 500) slid after the retailer reported a sales decline for March.
money.cnn.com/2014/04/11/investing/stocks-markets/index.html?iid=HP_LN
2/3
4/11/14
The rout in tech shares spilled over into Asian markets Friday. Shares of Tencent ( TCEHY) plunged 6.8% and Samsung
( SSNLF) fell 5%. The Nikkei index plunged 2.4%, taking its loss for the week to 7.3%.
European markets were also caught up in the fallout from Wall Street's slump.
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3/3
4/22/14
$109.27
-0.68 -0.62%
2014.04.22 end-of-day
$102.13
-2.24 -2.19%
2014.04.22 end-of-day
Co mmo dities
Crud e Oil
102.13
-2.19%
Na tura l G a s
4.74
+0.89%
G a soline
3.10
+0.27%
He a ting Oil
3.00
-0.30%
G old
1280.60
-0.58%
Silve r
19.35
+0.05%
Cop p e r
3.08
+0.34%
2014.04.22 end-of-day
Price
Change
2014.04.22 - $ 102.13
-2.24 -2.19%
1 Year Forecast
$117 / Barrel
1/2
4/23/14
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By Adam Samson, Matthew Rocco / Pub lished April 23, 2014 / FOXBusiness
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Apple 2Q Results
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0.08%, at 16501, the S&P 500 dipped 4.2 points, or 0.22%, to 1875
GILD
73.86
GILEAD SCIEN...
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34.92
The S&P 500 ended its winning streak at six days, leaving the broad-
AT&T INC....
-1.37
market barometer about 22 points away from its all-time intraday high.
PG
80.36
On the earnings front, Boeing (BA) revealed quarterly results that flew
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overcame weaker revenue to log higher profits. The Dow Jones U.S.
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BA
Data
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1/3
4/23/14
What's this?
analysts' views. AT&T (T) revealed a beat on the bottom line, but
shares still fell.
Gilead (GILD), the biotech behemoth that took a beating earlier this
month as momentum stocks dropped, actually revealed much
stronger-than-expected results.
Apple (AAPL) reported a strong earnings beat after the closing bell.
F
In economic news, the Commerce Department said sales of newlyconstructed homes fell 14.5% to an annualized rate of 384,000 units
AAPL
APPLE INC.
+0.81%
16.23
Apr 23
4:00 PM
-1.31%
524.75
Apr 23
4:00 PM
+0.13%
100.50
EXXONMOBIL CO...
Apr 23
4:00 PM
-3.78%
XOM
AT&T INC.
Apr 23
GE
-0.60%
GENERAL ELECT...
Apr 23
34.92
4:00 PM
26.42
4:00 PM
S
S
Government planning to
use $1B in Sandy aid on
other projects?
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3/3
4/24/14
$109.11
-0.16 -0.15%
2014.04.23 end-of-day
$101.44
-0.31 -0.31%
2014.04.23 end-of-day
Co mmo dities
Crud e Oil
101.44
-0.31%
Na tura l G a s
4.73
-0.19%
G a soline
3.09
He a ting Oil
2.98
-0.73%
G old
1284.20
+0.28%
Silve r
19.43
+0.41%
Cop p e r
3.08
2014.04.23 end-of-day
Price
Change
2014.04.23 - $ 101.44
-0.31 -0.31%
1 Year Forecast
$116 / Barrel
1/2
4/23/14
49
49
TOTAL SHARES
Wall Street failed to extend its win streak to seven days on Wednesday as investors took their feet off the gas.
The Dow Jones industrial average and S&P 500 posted minor losses while the Nasdaq landed solidly in the red (down 0.83%)
amid more biotech struggles.
The Nasdaq is still negative for the year and the month of April as investors have soured on tech stocks.
Wall Street lost more ground after the government said new home sales tumbled 14.5% in March to the slowest pace since July.
However, median prices of new homes sold rose to a record high of $290,000.
The weaker-than-expected housing numbers led investors to sell shares of home builders such as Lennar ( LEN) and KB Home
( KBH). Stocks related to home construction also took a hit, including Home Depot ( HD, Fortune 500) and Owens Corning
( OC, Fortune 500), which makes insulation products and roofing shingles.
In deal news, SodaStream International ( SODA) popped 11% after an Israeli paper said Starbucks ( SBUX, Fortune 500) is in
advanced talks about taking a 10% stake in the household soda-machine maker. Starbucks fell 1% on the report, while Keurig
Green Mountain ( GMCR), a rival to SodaStream, shed more than 4%.
Related: Starbucks might buy a stake in SodaStream
Investors are sifting through the latest quarterly results to get a better feel for the health of companies and the broader
economy.
Tech stocks were the big focus after the closing bell this evening.
Mark Zuckerberg's Facebook (
FB, Fortune 500) enjoyed an after-hours bounce by posting a 72% surge in revenue. The social
money.cnn.com/2014/04/23/investing/stocks-markets/index.html?iid=HP_LN
1/3
4/23/14
Other companies having a happy Wednesday included Dow Chemical ( DOW, Fortune 500), which reported a double-digit
increase in net earnings per share compared to this time last year. Aircraft maker Boeing ( BA, Fortune 500) flew higher after
exceeding profit forecasts and announcing an 8% revenue increase. Both stocks closed higher.
Procter & Gamble ( PG, Fortune 500), a producer of household consumer goods like Crest, Tide and Gillette, also had solid
quarterly gains, although its stock fell slightly.
Despite bad weather that caused thousands of flight cancellations, Delta Air Lines ( DAL, Fortune 500) beat expectations with
soaring profits. Investors bid up the airline 6% to an all-time high on the upbeat results.
Related: Delta Airlines cruises to record high
A lot of the market decline Wednesday was driven by results that came out late Tuesday, especially from biotech companies.
Gilead Sciences (
GILD, Fortune 500) shares rose 1% after it blew past earnings estimates.
"$GILD Getting it's mojo back - slowly but surely," said stocktwits user StockOptionPro.
On the other hand, Amgen (
today.
AMGN, Fortune 500) failed to live up to analysts' expectations and is one of the biggest losers
The biotech sector has taken a beating in recent weeks and was leading the Nasdaq lower on Wednesday after Amgen's miss.
The tech sector was also dragged lower by selloffs from EMC ( EMC, Fortune 500) and Juniper Networks ( JNPR) following
their quarterly results.
Shares of Yum! Brands ( YUM, Fortune 500) fell 1% even after the parent of KFC and Taco Bell beat earnings expectations
with especially good growth in Asia. They have also announced the return of the infamous KFC "Double Down" sandwich.
Related: Fear & Greed Index still in fear zone
money.cnn.com/2014/04/23/investing/stocks-markets/index.html?iid=HP_LN
2/3
4/23/14
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3/3
4/26/14
$109.58
-0.75 -0.68%
2014.04.25 end-of-day
$100.60
-1.34 -1.33%
2014.04.25 end-of-day
Co mmo dities
Crud e Oil
100.60
-1.33%
Na tura l G a s
4.65
-1.25%
G a soline
3.08
-0.47%
He a ting Oil
2.99
-0.93%
G old
1300.70
+0.78%
Silve r
19.68
Cop p e r
3.13
-0.30%
2014.04.25 end-of-day
Price
Change
2014.04.25 - $ 100.60
-1.34 -1.33%
1 Year Forecast
$115 / Barrel
1/2
4/26/14
Stocks end week in red as techs get hammered - Apr. 25, 2014
193
193
TOTAL SHARES
Investors just couldn't keep that loving feeling going at the end of the week, and techs bore the brunt of the cooling off.
The Nasdaq dropped 1.75%, while the Dow fell 140 points and the S&P 500 also ended lower. The sell-off came as investors
questioned whether key companies like Amazon ( AMZN, Fortune 500) are growing at the pace Wall Street likes to see. There
were also renewed concerns about turmoil in Ukraine.
The major indexes gave up gains from earlier in the week and ended the week with losses. It was the eighth straight week that
the S&P 500 alternated between weekly gains and losses, according to Ryan Detrick, a strategist at Schaeffer's Investment
Research. Call it the "Spring Swivel".
The latest reading on CNNMoney's Fear & Greed index shows sentiment is still languishing in "fear" mode.
Related: Fear & Greed Index still gripped by fear
Amazon ( AMZN, Fortune 500) reported better-than-expected earnings and revenue Thursday, but shares plunged almost
10% as worries about rising costs at the tech giant surfaced. The stock was the biggest loser on CNNMoney's Tech 30 Index,
which was down 4% Friday.
"$AMZN It's simple, when you run out of ways to increase your margin and make a profit, you distract people. drones, movies,
phones, promises," said Caviar on StockTwits.
But another StockTwits trader wasn't fretting the Amazon drama.
"$AMZN awesome, hope to get this at a bargain price maybe in a couple weeks," said zv2013.
Related: S&P cuts Russia's credit rating
money.cnn.com/2014/04/25/investing/stocks-markets/index.html?iid=HP_LN
1/3
4/26/14
Stocks end week in red as techs get hammered - Apr. 25, 2014
Microsoft ( MSFT, Fortune 500) was one of the few tech stocks that edged out a win Friday after the company reported firstquarter sales that exceeded analysts' expectations. It also announced the completion of its deal with Nokia, complete with a
slightly awkward photo of CEO Satya Nadella and executive Stephen Elop walking and talking in a mountainous setting while
Elop holds a Nokia phone.
"$MSFT New CEO, new management, new
devices+services strategy....Now we'll see
some real momentum! #MSFTjustgotsexy,"
said StockTwits trader lcc007.
Ford ( F, Fortune 500)shares fell over 3%
after the automaker reported its first quarterly
earnings decline since 2012. Profits also were
below analysts' estimates.
But Stocktwits trader Circpunk thought Ford
deserved some credit.
"$F It takes time to rebalance and refocus.
They're doing an outstanding job running this
company. This is old school competence," he
said.
Shares of Dow component Visa (
V, Fortune 500) tumbled 5% after the credit card giant missed revenue forecasts.
Starbucks ( SBUX, Fortune 500) rose after reporting a gain in sales and earnings. There also have been rumors that it is
considering buying a stake in SodaStream. Shares of SodaStream ( SODA) have rallied sharply this week on that speculation.
In geopolitical news, senior government officials told CNN that the U.S. could impose new sanctions on Russia for failing to take
steps to reduce the tension in eastern Ukraine. Sanctions would target key allies of Russian President Vladimir Putin, highprofile oligarchs and possibly companies.
Even without additional sanctions, Russia is struggling economically. Standard & Poor's downgraded Russia's credit rating to
one step above junk status, and the country was forced to raise its interest rate from 7 to 7.5% since its currency is dropping
money.cnn.com/2014/04/25/investing/stocks-markets/index.html?iid=HP_LN
2/3
4/26/14
Stocks end week in red as techs get hammered - Apr. 25, 2014
European indexes finished mostly lower, with Germany's DAX falling 1.5%. Germany is Russia's largest trading partner in
Europe. New sanctions would hurt both economies.
Most major Asian markets finished the day down as well.
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3/3
4/29/14
$108.12
-1.46 -1.35%
2014.04.29 end-of-day
Co mmo dities
Crud e Oil
100.84
+0.24%
Na tura l G a s
4.80
+3.09%
G a soline
3.04
-1.14%
He a ting Oil
2.95
-1.18%
G old
1298.90
-0.14%
Silve r
19.58
-0.51%
Cop p e r
3.11
2014.04.29 end-of-day
-0.60%
Add to your site
Price
Change
2014.04.29 - $ 100.84
0.24 0.24%
1 Year Forecast
$115 / Barrel
file:///B:/Users/Srinivas V. Vadde/Desktop/Uploaded Links/Crude Oil & Economy Results/Updated Crude Oil and Gas Prices Data/Brent Crude Oil, Gas, and Met
1/1
5/5/14
Sensex slumps by 165 points; profit-booking continues for third day - The Hindu
Business Markets
Published: April 29, 2014 17:29 IST | Updated: April 29, 2014 17:29 IST
The sentiment was also influenced by the two-day monetary policy meet of the US Federal Reserve that will start late today and is expected The Hindu
to trim monthly bond purchases by another $10 billion. File Photo: Vivek Bendre
Sensex on Tuesday nosedived by over 165 points to 22,466.19 on consistent profit-booking across counters, with
investors turning cautious amid a slew of negative factors.
The sentiment was also influenced by the two-day monetary policy meet of the US Federal Reserve that will start late
today and is expected to trim monthly bond purchases by another $10 billion.
Profit-booking was seen for the third successive day.
In across-the-board profit taking, 11 out of 12 sectoral indices closed in the red with metal, banking, auto and power
segments leading the downfall. Consumer durables index managed to settle in the green.
The 30-share barometer was in the negative terrain for most of the day.
In three straight sessions, it has plunged by 410.35 points or 1.79 per cent.
The wide-based 50-issue CNX Nifty also dipped by 46 points (or 0.68 per cent) to 6,715.25.
Investor worries over developments in Ukraine lingered on as the US has already announced some sanctions, and also
threatened to impose more economic sanctions on key sectors of Russias economy.
On the domestic front, slowdown in capital inflows and announcement of below normal monsoon continued to weigh
on minds of investors.
Stock brokers said wary investors are now waiting for the outcome of the Lok Sabha elections and they hope a new
stable government will take initiatives on reform measures.
Jignesh Chaudhary, Head Of Research, Veracity Broking Services, said, Local equities continued to trade weak...
Yesterday, FIIs were seen selling in the local markets and posted its lowest net buying in the whole month. Also, the
DIIs continued to be net sellers in the equity. Till date for this month DIIs have been the net buyers only for two days
in sixteen working days.
FIIs bought shares worth a net Rs. 77.02 crore yesterday, as per provisional data from stock exchanges.
www.thehindu.com/business/markets/sensex-slumps-by-165-points-profitbooking-continues-for-third-day/article5959873.ece?css=print
1/2
5/5/14
Sensex slumps by 165 points; profit-booking continues for third day - The Hindu
Tata Steel plunged 4.79 per cent and FMCG major HUL slumped 3.01 per cent.
Hindalco Ind at 2.87 per cent, Tata Power 2.65 per cent, Bajaj Auto 2.20 per cent, SBI 1.90 per cent, Maruti Suzuki
1.85 per cent, Tata Motors 1.76 per cent, SSLT 1.37 per cent, Cipla 1.35 per cent, HDFC Bank 1.30 per cent were
among the prominent losers.
Among BSE sectoral indices, Metal fell by 2.69 per cent, followed by Bankex (1.27 per cent), Auto (1.19 per cent),
Power (1.11 per cent) and FMCG (0.83 per cent).
The market breadth turned negative as 1,506 stocks ended in the red, 1,281 stocks finished in the green while 123
ruled steady. The total turnover rose to Rs. 2,865.42 crore from Rs. 2,765.58 crore yesterday.
Keywords: Sensex, Indian stock market, Nifty, BSE, NSE
Printable version | May 5, 2014 2:04:01 PM | http://www.thehindu.com/business/markets/sensex-slumps-by-165points-profitbooking-continues-for-third-day/article5959873.ece
The Hindu
www.thehindu.com/business/markets/sensex-slumps-by-165-points-profitbooking-continues-for-third-day/article5959873.ece?css=print
2/2
4/30/14
$108.07
-0.91 -0.84%
2014.04.30 end-of-day
$99.74
-1.54
-1.54%
2014.04.30 end-of-day
Co mmo dities
Crud e Oil
99.74
-1.54%
Na tura l G a s
4.82
-0.33%
G a soline
3.01
-1.85%
He a ting Oil
2.93
-1.20%
G old
1295.60
-0.03%
Silve r
19.12
-1.93%
Cop p e r
3.03
-1.42%
2014.04.30 end-of-day
Price
Change
2014.04.30 - $ 99.74
-1.54 -1.54%
1 Year Forecast
$114 / Barrel
1/2
4/30/14
2/2
5/5/14
Business Markets
Published: April 30, 2014 16:54 IST | Updated: April 30, 2014 16:54 IST
The BSE benchmark index Sensex pared early gains to close down by 48 points due to profit-booking in bluechips in a
volatile trade, extending losses for the fourth day in a row.
Stock markets had opened on a strong note with the 30-scrip Sensex touching a high of 22,680.46 points in early
trade. However, profit-booking in late afternoon session in metal, capital goods and banking stocks pulled the index
down to a days low of 22,284.96 points.
The BSE barometer closed with a loss of 48.39 points to 22,417.80. The gauge had lost 410 points in the previous
three sessions.
The broad-based Nifty of the National Stock Exchange lost 18.85 points to settle at 6,696.40. During the session,
Nifty shuttled between 6,780.15 and 6,656.80.
The major losers were Larsen and Toubro, ICICI Bank, Reliance Industries, Infosys, Coal India, Bajaj Auto, Bharti
Airtel, Hindalco, Sesa Sterlite, Sun Pharma, Tata Power, Tata Steel, Tata Consultancy Services and Wipro.
The realty sector index suffered the most by losing 5.30 per cent to 1,396.79 followed by power index by 2.08 per cent
to 1,686.54. Capital goods index fell by 2.03 per cent to 12,118.32 and Consumer durable by 2 per cent to 6,517.26.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock markets, closing
trade
Printable version | May 5, 2014 2:04:46 PM | http://www.thehindu.com/business/markets/sensex-ends-48-pointsdown/article5962771.ece
The Hindu
www.thehindu.com/business/markets/sensex-ends-48-points-down/article5962771.ece?css=print
1/1
5/2/14
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At the time the threshold was set in early 2013 the unemployment rate
was hovering near 8%. The rate fell rapidly throughout 2013, but
largely because people were leaving the workforce.
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threshold earlier this acknowledged what many economists were
already saying -- that the headline unemployment rate was no longer a
reliably accurate indicator of the broader health of U.S. labor markets.
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overall jobs situation, the inability of the labor force participation rate
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$107.72
-0.87 -0.81%
2014.05.05 end-of-day
$99.48
-0.28
-0.28%
2014.05.05 end-of-day
Co mmo dities
Crud e Oil
99.48
-0.28%
Na tura l G a s
4.69
+0.30%
G a soline
2.91
-1.21%
He a ting Oil
2.91
-0.55%
G old
1309.00
+0.49%
Silve r
19.52
+0.14%
Cop p e r
3.07
-0.34%
2014.05.05 end-of-day
Price
Change
2014.05.05 - $ 99.48
-0.28 -0.28%
1 Year Forecast
$114 / Barrel
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$107.06
-0.66 -0.62%
2014.05.06 end-of-day
Co mmo dities
Crud e Oil
99.50
+0.02%
Na tura l G a s
4.80
+2.31%
G a soline
2.89
-0.81%
He a ting Oil
2.89
-0.65%
G old
1308.30
-0.05%
Silve r
19.60
+0.40%
Cop p e r
3.08
2014.05.06 end-of-day
Price
Change
2014.05.06 - $ 99.50
0.02 0.02%
1 Year Forecast
$114 / Barrel
file:///B:/Users/Srinivas V. Vadde/Desktop/Uploaded Links/Crude Oil & Economy Results/Updated Crude Oil and Gas Prices Data/Brent Crude Oil, Gas, and Met
1/1
5/9/14
$108.04
-0.09 -0.08%
2014.05.08 end-of-day
$100.26
-0.51 -0.51%
2014.05.08 end-of-day
Co mmo dities
Crud e Oil
100.26
-0.51%
Na tura l G a s
4.57
-3.67%
G a soline
2.90
-0.45%
He a ting Oil
2.92
-0.25%
G old
1287.40
-0.09%
Silve r
19.09
-1.07%
Cop p e r
3.08
+1.04%
2014.05.08 end-of-day
Price
Change
2014.05.08 - $ 100.26
-0.51 -0.51%
1 Year Forecast
$115 / Barrel
1/2
5/10/14
$107.89
-0.15 -0.14%
2014.05.09 end-of-day
$99.99
-0.27
-0.27%
2014.05.09 end-of-day
Co mmo dities
Crud e Oil
99.99
-0.27%
Na tura l G a s
4.53
-0.90%
G a soline
2.90
-0.31%
He a ting Oil
2.91
-0.46%
G old
1287.30
-0.01%
Silve r
19.08
-0.09%
Cop p e r
3.10
+0.58%
2014.05.09 end-of-day
Price
Change
2014.05.09 - $ 99.99
-0.27 -0.27%
1 Year Forecast
$114 / Barrel
1/1
5/14/14
Business Markets
Published: May 14, 2014 23:42 IST | Updated: May 14, 2014 23:42 IST
The S&P BSE Sensex closed at 23815.12, down 56 points after hitting an intra-day high of 23965. The 50-share NSE Nifty closed flat at
7108.75 after hitting an intra-day high of 7140. File photo
The Hindu
The S&P BSE Sensex closed at 23815.12, down 56 points after hitting an intra-day high of 23965.
Profit-booking halted the euphoric upward move on the stock markets and key benchmark indices snapped a threesession of over 1500 points (Sensex) pre-election result rally on Wednesday to close at lower levels.
The S&P BSE Sensex closed at 23815.12, down 56 points after hitting an intra-day high of 23965. The 50-share NSE
Nifty closed flat at 7108.75 after hitting an intra-day high of 7140.
The markets opened higher tracking global cues and sustained optimism by investors. But profit-booking was seen as
the short-term indicators were in the overbought zone, said Alex Mathews, Head Research, Geojit BNP Paribas
Financial Services.
The PSU banking stocks were seen in demand. Foreign institutional investors are net buyers, bought shares worth
Rs.2,026.23 crore in the capital market segment on Tuesday. On the other hand, domestic institutional investors were
net sellers to the tune of Rs.649.42 crore as per provisional data from the stock exchanges, Mr. Mathews said.
The markets traded in a flat range with low volumes. There was a consolidation around Tuesdays closing price for
Nifty and the Sensex. Markets seem to be waiting for May 16 to confirm exit poll results before making a further
move.
Among other indices, CNX Realty was the top gainer with 4.22 per cent, while CNX energy declined by -0.73 per
cent, said Kiran Kumar Kavikondala, Director & CEO, WealthRays Securities.
Experts have advised people to stay invested if they firmly believe in a strong decisive government.
One should stay invested. In the past five years, the stock markets have not given much return. So now if NDA with
absolute majority takes charge, it will be a big positive for the markets. Markets will be re-rated and going forward
people can get good return on their investments if they stay invested, said Ramanathan K., Chief Investment Officer,
ING Investment Management.
If you firmly believe in a majority government stay invested and you should hold on to your entire portfolio. If you are
not sure, then liquidate 25 per cent to 50 per cent of your holding and utilise the cash later when the picture gets
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142
142
TOTAL SHARES
Fear has returned to Wall Street. Just days after hitting new highs, stocks fell across the board Thursday as the bears came
out from hibernation.
The Dow Jones industrial average ended the day down nearly 170 points, though the blue-chip average lost more than
200 points earlier in the day. The S&P 500 and the Nasdaq both fell hard as well, with the S&P 500 close to a percent drop.
Investors rushed into bonds, driving the yield on the 10-year Treasury to 2.48% at one point, the lowest level since Oct.
2013. Bond yields fall when prices rise.
The selling adds to Wednesday's losses, and marks a significant shift from the recent trend. The Dow has hit a string of
record closing levels this week, and the S&P 500 crossed the 1,900 mark for the first time on Tuesday. It closed today at
1,871.
What's driving the pullback?
There was no specific trigger for the retreat, said Bernard Kavanagh, a portfolio manager at Stifel Nicolaus. He said
investors have been on the lookout for a pullback this year and many are primed to sell stocks at the slightest hint of bad
news.
"It's more sentiment driven than anything else," he said. "People are feeling skittish after we hit all-time highs just a few days
ago."
CNNMoney's Fear & Greed index fell back to a level signaling "extreme fear" in the market.
Some traders pointed to comments by David Tepper, a widely followed hedge fund manager, who said Wednesday that he's
"nervous" about the market.
money.cnn.com/2014/05/15/investing/stocks-markets/index.html
1/3
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"The tipping point today was David Tepper's comments, which were seen as a siren song. Investors circled the wagon
around that," said Mark Luschini, chief investment strategist at Janney.
Related: David Tepper: I'm nervous about the market
European markets were also under pressure following mixed economic data from the eurozone. Stocks in Italy, Ireland and
Spain fell sharply. Germany and France both ended down 1%.
The jitters were evident on StockTwits, where traders seemed particularly worried about small-cap stocks. The iShares IWM
( IWM) exchange traded fund, which tracks a basket of 2,000 small companies, is down more than 10% from its most
recent high, which meets the standard definition of a correction.
"$SPY $IWM crash risk is high, need to stay alert," said slowslimslider.
Traders were also sounding alarm bells about the broader market as well.
"$SPY fear just broke my chart," said Bemer14
Wal-Mart, other retailers disappoint
Investors were rattled by poor earnings and sales data from Wal-Mart. ( WMT, Fortune 500) The big discount retailer said
its results were hurt by bad weather and a delay in tax refunds caused by last fall's government shutdown.
2/3
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On the economic front, the government said new claims for unemployment benefits fell in the week ending May 10. As
expected, consumer prices increased 0.3% in April. Excluding food and energy prices, the consumer price index rose 0.2%
last month.
The Federal Reserve said industrial production fell 0.6% in April, surprising economists who were expecting no change. A
report on manufacturing activity in the New York area came in above expectations, while activity in the Philadelphia region
slowed.
Federal Reserve chair Janet Yellen will be speaking about small business and the economy during a talk in Washington
this evening.
Related: CNNMoney's Tech30
Asian markets had a mixed day. Investors in Japan pushed the Nikkei lower, shrugging off an impressive report on
strong economic growth in the first quarter.
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improvement retailer into the red. Urban Outfitters (URBN) revealed
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Wall Street Slumps After Fed Talk Spooks Traders | Fox Business
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Americans evade taxes. The big Swiss bank will pay $2.6 billion to
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On the economic front, Philadelphia Federal Reserve chief Charles
Plosser said he isn't too concerned about recent weakness in the
housing market. At the same time, New York Fed President Bill
Dudley said the central bank will pay close attention to Wall Street's
"The Fed has done a good job handling expectations, but the fact is
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us, the market responds negatively," Teddy Weisberg, a veteran
NYSE floor traders told FOX Business, calling the central bank the
"800 pound gorilla in the room."
Elsewhere, U.S. crude oil futures rose 3 cents, or 0.03%, to $102.64 a
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Business Markets
Published: May 27, 2014 16:55 IST | Updated: May 27, 2014 16:55 IST
The benchmark Sensex on Tuesday fell for the first time in four days and closed over 167 points down on profitbooking in power and oil & gas stocks after Prime Minister Narendra Modi assigned portfolios to his Council of
Ministers.
After gaining nearly 419 points in previous three days to close at its highest ever level, the BSE Sensex succumbed to
profit-booking in recent gainers and closed 167.37 points lower at 24,549.51 after shuttling between 24,777.31 and
24,422.33 intra-day.
Shares of RIL, GAIL, SBI, HDFC, Axis Bank, ICICI Bank, Tata Motors, Maruti and M&M were among the 21 Sensex
losers.
The 50-scrip NSE Nifty ended down 41.05 points at 7318.
Foreign institutional investors (FIIs) sold shares worth a net Rs. 84.13 crore on Monday as per provisional data.
The BSE PSU index suffered the most by losing 2.41 per cent. Sectorally, power index shed 2.14 per cent and oil & gas
sector index lost 1.92 per cent.
Auto index fell by 1.31 per cent, realty index ended 0.90 per cent down, consumer durables index slipped 0.62 per
cent, and banking index lost 0.61 per cent.
Bucking the trend, shares of IT, tech and healthcare continued their upward journey.
Keywords: Sensex, Nifty, BSE, NSE, stcok markets
Printable version | Jun 2, 2014 5:10:31 AM | http://www.thehindu.com/business/markets/sensex-slips-167points/article6053415.ece
The Hindu
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Business Markets
Published: May 29, 2014 17:19 IST | Updated: May 29, 2014 23:24 IST
The NSE index Nifty dipped below the 7,300 mark by falling 94 points, or 1.28 per cent, to close at 7,235.65
The benchmark Sensex on Thursday plunged 322 points, logging its biggest single-day drop in four months, weighed
down by a sharp 8 per cent sell-off in Infosys shares after a key executive quit, amid expiry of monthly equity
derivative contracts.
The Sensex resumed lower at 24,523.13 and continued to lose momentum to touch an intra-day low of 24,206.50. It
settled at 24,234.15, down 321.94 points or 1.31 per cent; its biggest fall since the 426.11point crash on January 27.
This closing level is Sensexs lowest since 24,298.02 on May 21. It had ended higher by 6.58 points on Wednesday.
The 50-share NSE index Nifty dipped below 7,300 mark by falling 94 points, or 1.28 per cent, to close at 7,235.65
after shuttling between 7,325.40 and 7,224.40 intra-day.
It was a bad session for IT stocks led by Infosys. The Bangalore-headquartered IT giant ended 7.81 per cent lower to
end below the crucial Rs 3,000 mark for the first time since mid-September 2013 after board member and President
B G Srinivas, who was considered among the top contenders for the first non-founder CEO post, resigned from the
company.
Wipro fell by 2.63 per cent and HCL Tech, which is not a Sensex entity, slid 2.5 per cent. However, TCS rose.
Besides, expiry of May month series in the derivative contracts and persistent foreign capital outflows coupled with
mixed global cues also affected the market sentiment, pulling down the benchmark indices.
Tepid earnings from some bluechips also dashed hopes, say traders. There was also continued profitbooking in
recent outperformers such as power, oil and gas, capital goods, banking, PSUs, realty and consumer durable stocks,
they added.
www.thehindu.com/business/markets/sensex-crashes-322-points-infosys-down-8-pc/article6061606.ece?css=print
1/2
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Out of the 30-share Sensex, 22 stocks closed with losses led by Infosys, the third most influential on the barometer.
Oil refinery major Reliance Industries fell 1.42 per cent after CAG pulled up the firm for charging a rate in excess of
the government approved price for its KGD6 gas field.
Sectorally, the BSE IT sector index suffered the most by falling 3.44 per cent, followed by Tech index (2.92 per cent),
Oil and gas index (1.64 per cent). Overall, 11 of 12 indices fell while BSE Healthcare index rose.
Keywords: Sensex, BSE, NSE, Nifty, Indian stock markets, Infosys stocks
Printable version | Jun 2, 2014 5:07:28 AM | http://www.thehindu.com/business/markets/sensex-crashes-322points-infosys-down-8-pc/article6061606.ece
The Hindu
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2/2
5/31/14
$109.41
-0.56 -0.51%
2014.05.30 end-of-day
$102.71
-0.87 -0.85%
2014.05.30 end-of-day
Co mmo dities
Crud e Oil
102.71
-0.85%
Na tura l G a s
4.54
-0.37%
G a soline
3.00
-0.57%
He a ting Oil
2.88
-1.19%
G old
1245.60
-0.86%
Silve r
18.65
-1.77%
Cop p e r
3.14
-0.56%
2014.05.30 end-of-day
Price
Change
2014.05.30 - $ 102.71
-0.87 -0.85%
1 Year Forecast
$118 / Barrel
1/2
6/3/14
$108.83
-0.58 -0.53%
2014.06.02 end-of-day
$102.47
-0.24 -0.23%
2014.06.02 end-of-day
Co mmo dities
Crud e Oil
102.47
-0.23%
Na tura l G a s
4.61
+1.52%
G a soline
2.95
-0.75%
He a ting Oil
2.88
-0.38%
G old
1243.70
-0.15%
Silve r
18.71
+0.30%
Cop p e r
3.18
+1.35%
2014.06.02 end-of-day
Price
Change
2014.06.02 - $ 102.47
-0.24 -0.23%
1 Year Forecast
$117 / Barrel
1/2
6/4/14
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Today's Paper Archive ePaper eBooks Classifieds Subscriptions Mobile Apps Social
Business Markets
Published: June 11, 2014 16:38 IST | Updated: June 11, 2014 16:39 IST
Shares of RIL, ONGC, NTPC, Maruti, M&M, L&T, ITC, Sesa Sterlite and Coal India were among 17 Sensex losers on Wednesday.
The Hindu
Snapping four days of gains, benchmark Sensex on Wednesday fell from record highs and ended 110 points down on profit-taking in
power, metal and consumer durable stocks
Snapping four days of gains, benchmark Sensex on Wednesday fell from record highs and ended 110 points down on
profit-taking in power, metal and consumer durable stocks ahead of the release of industrial output and inflation
data.
Trading was volatile and a widening of the countrys trade deficit in May amid mixed global cues also contributed to
the cautiousness in domestic markets, say dealers.
Business was also marked by a technical glitch in the BSEs index calculation system for about 20 minutes earlier.
The BSE 30-share barometer began higher and climbed to hit yet another record high of 25,735.87, but fell back due
to profit-booking. It remained in the negative zone for the rest of the session to touch a low of 25,365.65. Sensex
ended at 25,473.89, a fall of 109.80 points or 0.43 per cent.
The gauge had closed at an all-time peak of 25,583.69 after soaring to 25,711.11 in Tuesdays trade. In four days, it had
gained 777.86 points before todays drop.
Shares of RIL, ONGC, NTPC, Maruti, M&M, L&T, ITC, Sesa Sterlite and Coal India were among 17 Sensex losers.
The 50-scrip NSE Nifty after breaching the 7,700 level for the first time succumbed to profit-booking. It closed 29.55
points, or 0.39 per cent, down at 7,626.85. It had touched a low of 7,589.05 during the session.
Brokers said offloading of positions occurred ahead of the release of Consumer Price Index inflation data for May and
Index of Industrial Production data for April due Thursday.
www.thehindu.com/business/markets/sensex-surrenders-110-points/article6104454.ece?css=print
1/2
6/15/14
Wholesale Price Index inflation data for May would be released on June 16.
Selling picked up after trade gap rose to a 10-month high of USD 11.23 billion in May even as exports grew 12.4
percent.
...lack of further triggers, market may see some more profit booking. High volatility may be seen, said Nidhi
Saraswat, Senior Research Analyst, Bonanza Portfolio.
Sectorally, BSE realty index suffered the most by losing 4.21 per cent, followed by consumer durable index (2.99 per
cent), Metal index (2.82 per cent), Power index (2.75 per cent) and Auto index (0.45 per cent) among others. Bucking
the trend, IT index ended 2.23 per cent higher after Infosys, TCS and Wipro rose. Healthcare index also rose 0.66 per
cent.
Keywords: Sensex close, profit-booking, volatile trade
Printable version | Jun 15, 2014 11:29:52 PM | http://www.thehindu.com/business/markets/sensex-surrenders-110points/article6104454.ece
The Hindu
www.thehindu.com/business/markets/sensex-surrenders-110-points/article6104454.ece?css=print
2/2
6/12/14
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Sensex falls most in over 4 months as Iraq unrest drives up oil - The Hindu
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Business Markets
Published: June 13, 2014 16:38 IST | Updated: June 13, 2014 16:38 IST
The benchmark Sensex on Friday tanked over 348 points, recording its biggest single-session drop in over four
months, on a broad-based sell off on prices of crude oil surging to nine-month high levels amid unrest in Iraq.
In addition, a depreciating rupee which was trading 44 paise, or 0.73 per cent, down at 59.69 against the U.S. dollar
in forex market, dampened equity market sentiments.
The BSE index had risen to a days high of 25,688.31 in early trade after government data on Thursday after trading
closed showed that retail inflation eased to 8.28 per cent in May and factory output growth rebounded to a 13-month
high of 3.4 per cent in April.
However, emergence of selling, spread across 11 of 12 major sectors, pushed back the Sensex to end lower by 348.04
points, or 1.36 per cent, at 25,228.17. Intra-day, it touched a low of 25,171.61.
In the 30-share index, 26 shares declined led by Axis Bank, Tata Steel and Hero MotoCorp.
Fridays drop is the biggest for the Sensex since January 27 when it had slipped 426.11 points on uncertainty ahead of
RBI meeting and a global sell-off linked to U.S. tapering fears.
The gauge had gained almost 110 points in Thursdays session on hopes of favourable IIP and retail inflation data.
Besides realty, stocks of oil and gas, power, capital goods, PSUs, consumer durables, metals and banking led losses.
Similarly, the National Stock Exchange index Nifty tumbled 107.80 points, or 1.41 per cent, to 7,542.10 after dipping
to 7,525.35. It had surged to 7,678.50 in early trade.
In the 50-share Nifty, as many as 42 constituents fell.
Markets witnessed heavy selling pressure following concerns over higher oil prices, which was trading near USD
113.86 per barrel. Rising tensions in Iraq is major reason for this sudden rise in crude oil, said Rakesh Goyal, senior
vice president, Bonanza Portfolio.
The BSE Realty index suffered the most losing 5.24 per cent as DLF, DB Realty, HDIL, Unitech, Omaxe, Oberoi Realty,
and Indiabulls Real Estate fell up to 9 per cent.
Bucking the general weakening trend, IT index ended 0.13 per cent higher with Infosys gaining 0.48 per cent.
Keywords: Sensex, Nifty, BSE
Printable version | Jun 13, 2014 6:40:49 PM | http://www.thehindu.com/business/markets/sensex-falls-most-inover-4-months-as-iraq-unrest-drives-up-oil/article6111590.ece
The Hindu
www.thehindu.com/business/markets/sensex-falls-most-in-over-4-months-as-iraq-unrest-drives-up-oil/article6111590.ece?homepage=true&css=print
1/1
7/14/2014
Business Markets
Published: June 18, 2014 16:38 IST | Updated: June 18, 2014 17:05 IST
The BSE benchmark Sensex on Wednesday plunged about 275 points to close at 25,246.25 on across-the-board selling
as costlier oil due to rising conflict in Iraq threatens to hurt the India economy that is already battling price rise and
slowing growth.
World stocks were muted as investors waited for an update on the US economy later tonight from the Federal Reserve
following its two-day policy meeting where it is widely expected to cut monthly stimulus further by $ 10 billion.
In energy trading, benchmark crude oil for July delivery added 41 cents to $ 106.77 in electronic trading on the New
York Mercantile Exchange after militants pressing a major offensive in Iraq attacked the countrys biggest oil refinery.
In India, state-run oil companies stocks came under pressure on fears that rising oil prices in the global market would
raise subsidy burden. Shares of BPCL, HPCL and Indian Oil Corp slumped up to 4.82 per cent.
The 30-share index, after showing volatile movements during the session on alternate bouts of buying and selling,
finally settled 274.94 points, or 1.08 per cent, lower at 25,246.25. It shuttled between 25,609.28 and 25,114.30. The
gauge swing nearly 500 points during the session.
On Tuesday, it had risen 330.71 points, or most in nearly two weeks.
After markets closed on Tuesday, government unveiled a host of steps to tame inflation that has soared to a fivemonth high of 6.01 per cent in May.
Barring healthcare, all the sectoral indices today led by realty, power, consumer durables and oil and gas ended in
negative zone with losses up to 2.10 per cent.
The 50-scrip National Stock Exchange index Nifty ended 73.50 points, or 0.96 per cent, lower at 7,558.20 after rising
to 7,663.00 in early trade.
Shares of RIL fell 2.12 per cent to Rs 1,066.80 despite big-bang investment announcements at its 40th AGM.
Other prominent losers include BHEL, SBI, L&T, Coal India, HDFC Ltd, HDFC Bank and TCS.
Bucking the general trend, Cipla, Dr Reddys and Hindalco among others ended higher.
Keywords: Sensex, Stock market, Iraq crisis, Oil markets, BSE,
Printable version | Jul 14, 2014 5:12:19 PM | http://www.thehindu.com/business/markets/sensex-tanks-275-pointson-fears-of-costlier-oil/article6126601.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-tanks-275-points-on-fears-of-costlier-oil/article6126601.ece?css=print
1/2
7/14/2014
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51
146
35
94
12
TOTAL SHARES
So much for another record-setting day. The stock market's early gains evaporated like Italy's chances in the World Cup.
The Dow Jones industrial average ended the day down 119 points (0.7%). It was the biggest one-day percentage drop for the
Dow in over a month. There was hope that the Dow would cross 17,000 for the first time this week. It's now down at 16,818.
The S&P 500 and the Nasdaq both fell as well.
The reversal came as Italy suffered a biting defeat to Uruguay in the World Cup, ending the Italian team's hopes of advancing
in the global soccer tournament.
Economic news not good enough? A key measure of consumer sentiment rose to the highest level since January 2008. The
Conference Board's index of consumer confidence increased to 85.2 in May from 82.2 in April, suggesting that Americans
remain optimistic about the economy. But it wasn't enough to lift stocks.
Home prices nationwide continued to rise in April. The S&P/Case-Shiller index measuring the value of residential real estate
in 20 U.S. cities increased 1.1%. Separately, the government said sales of new homes rose more than 18% in May from April.
"The new home sales data and consumer confidence were very, very strong," said Randy Frederick, a managing director at the
Schwab Center for Financial Research. "The market is not rallying in a big way, but given the run we've had that's not
surprising."
Related: Will the Dow crack 17,000 this week?
Stocks to watch -- Buffalo Wild Wings, Carnival, Walgreens: The World Cup has been good for business at Buffalo Wild
Wings (BWLD), according to one analyst. Shares of the sports-themed restaurant chain jumped 6% Monday after an analyst at
http://money.cnn.com/2014/06/24/investing/stocks-markets/
1/3
7/14/2014
Wunderlich Securities increased his price target for shares after seeing all the standing room only crowds for at "B-dubs" at
recent games. But the stock fell 2.4% Tuesday as the enthusiasm waned.
http://money.cnn.com/2014/06/24/investing/stocks-markets/
2/3
7/14/2014
Sensex drops 251 points as oil, gas scrips slip on price decision - The Times of India
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Out of the 30-share sensex, 18 stocks closed with losses led by oil and gas stocks, while 12 others
ended higher.
SPOTLIGHT
The 50-share NSE index Nifty dipped below the crucial 7,500 mark by losing 76.05 points, or 1
per cent, at 7,493.20 after shuttling between 7,570.20 and 7,481.30 intra-day.
"Overall market sentiment was hit as the government decided to defer revision in gas prices for
three months. This has been taken negatively by the market, as it was contrary to the general
expectations," said Rakesh Goyal, Senior Vice President, Bonanza Portfolio.
Shares of state-run ONGC plunged by 5.89 per cent and RIL fell 3.70 per cent. Oil marketing
companies BPCL, HPCL and Indian Oil too were under selling pressure.
Expiry of June month series in the equity derivative contracts and fresh selling by foreign funds
also affected the market sentiment, dragging down the benchmark indices.
"Sentiment further deteriorated after an update on weak monsoon by IMD," said Jayant
TIMES POINTS EARNED
Manglik, President-retail distribution, Religare Securities.
Automobile stocks, however, remained firm after the government yesterday extended excise duty
concessions by six months, and capped the fall in the benchmark sensex. Maruti Suzuki, Bajaj
Auto, Hero MotoCorp, M&M ended higher.
Recent outperformers in realty, PSU, metals, banking and power space saw selling. Sectorwise,
the BSE oil and gas sector index suffered the most by plunging 3.88 per cent, followed by realty
index (2.74 per cent) among others.
Meanwhile, Foreign Portfolio Investors (FPIs) bought shares worth Rs 694.63 crore on
Wednesday, as per provisional data from the stock exchanges.
All
TOI
My Profile
http://timesofindia.indiatimes.com/business/india-business/Sensex-drops-251-points-as-oil-gas-scrips-slip-on-price-decision/articleshow/37255792.cms
1/4
6/30/2014
$112.36
-0.94 -0.84%
2014.06.30 end-of-day
$105.37
-0.37 -0.35%
2014.06.30 end-of-day
Co mmo dities
Crud e Oil
105.37
-0.35%
Na tura l G a s
4.46
+1.17%
G a soline
3.08
-0.71%
He a ting Oil
2.97
-0.90%
G old
1321.80
+0.21%
Silve r
21.01
-0.33%
Cop p e r
3.19
+1.22%
2014.06.30 end-of-day
Price
Change
2014.06.30 - $ 105.37
-0.37 -0.35%
1 Year Forecast
$121 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
7/3/2014
$111.24
-1.05 -0.94%
2014.07.02 end-of-day
$104.48
-0.86 -0.82%
2014.07.02 end-of-day
Co mmo dities
Crud e Oil
104.48
-0.82%
Na tura l G a s
4.36
-2.25%
G a soline
3.02
-0.42%
He a ting Oil
2.95
-1.09%
G old
1330.70
+0.32%
Silve r
21.25
+0.88%
Cop p e r
3.25
+1.89%
2014.07.02 end-of-day
Price
Change
2014.07.02 - $ 104.48
-0.86 -0.82%
1 Year Forecast
$120 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
7/3/2014
$111.00
-0.24 -0.22%
2014.07.03 end-of-day
$104.06
-0.42 -0.40%
2014.07.03 end-of-day
Co mmo dities
Crud e Oil
104.06
-0.40%
Na tura l G a s
4.41
+1.11%
G a soline
3.02
He a ting Oil
2.93
-0.60%
G old
1320.40
-0.78%
Silve r
21.09
-0.78%
Cop p e r
3.27
+0.38%
2014.07.03 end-of-day
Price
Change
2014.07.03 - $ 104.06
-0.42 -0.40%
1 Year Forecast
$119 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
7/7/2014
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The two ports had been exporting about 500,000 barrels per day
(bpd) of crude, still a long way below the 1.4 million bpd that the
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"The longer it gets out of line with historical patterns," he says, "the
AAPL
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APPLE INC.
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95.35
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Jul 8
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Business Markets
Published: July 8, 2014 16:48 IST | Updated: July 8, 2014 16:48 IST
The Hindu
Retreating from record highs, the benchmark Sensex plunged 518 points, its worst drop in 10 months, on massive
profit-booking across sectors even as Railway Budget proposed attracting FDI in infrastructure projects.
After gaining 276.33 points in previous two days to close above the 26,000 level, the BSE Sensex succumbed to profitbooking in recent gainers and closed 517.97 points, or 1.98 per cent, lower at 25,582.11. Intra-day, it hit a new record
high of 26,190.44 but failed to maintain the levels.
Tuesdays drop was the biggest since the 651-point crash on September 3, 2013.
On Monday, the 30-share benchmark index had ended at its new closing peak of 26,100.08 after touching high of
26123.55.
Among the Sensex constituents, on Tuesday 28 ended lower. BHEL (8.16 pc), NTPC (5.36 pc), Tata Power (5.04 pc)
and Coal India (4.96 pc) led the laggards in bluechips. ONGC, RIL, GAIL, SBI, Axis Bank, Bajaj Auto, Dr Reddy, Hero
Moto, Tata Steel and Hindalco were among those counters that slumped.
The NSE Nifty, after breaching the 7,800 mark to scale an all-time high of 7,808.85 at the outset, succumbed to
masssive profit-booking to close 163.95 points, or 2.11 per cent, down at 7,623.20. It had gained over 72 points in past
two days.
Share prices of companies that cater to the railway sector came under pressure and some logged losses of up to 20 per
cent despite important announcements made by Railway Minister Sadananda Gowda in his maiden rail budget.
Prominent losers included shares of Texmaco Rail, Titagarh Wagons, Kalindee Rail Nirman and Container Corp.
As Railway Budget for FY15 gets over, focus will now shift to Union Budget to be presented on July 10. Market
volatility is likely to continue in this week, as Budget highlights shall be impacting sector specific action, said Nidhi
Saraswat, Senior Research Analyst, Bonanza Portfolio.
Besides, a weak Asian trend and lower opening in Europe dampened the trading sentiments.
http://www.thehindu.com/business/markets/sensex-drops-518-points-on-profittaking/article6189907.ece?css=print
1/2
7/14/2014
Foreign Portfolio Investors bought shares worth a net Rs 198.57 crore on Monday, as per provisional data.
Sectorally, the BSE Realty index suffered the most by losing 7.16 per cent, followed by Power index which fell 6.37 per
cent. The thematic PSU index also fell 4.92 per cent.
Selling activity also gathered momentum in small and mid-cap sector stocks. Small-cap index lost 4.19 per cent and
Mid-cap index fell 3.63 per cent.
Keywords: Sensex, Railway Budget, Profit taking, Realty Index
Printable version | Jul 14, 2014 5:06:36 PM | http://www.thehindu.com/business/markets/sensex-drops-518-pointson-profittaking/article6189907.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-drops-518-points-on-profittaking/article6189907.ece?css=print
2/2
7/14/2014
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It might be a big World Cup day, but in the stock market, it was "World Slump" day.
Here are the key talking points:
1. Bad day for stocks: All three major U.S. indexes retreated with the Nasdaq losing 1.35%. This was the 30th trading day so far
this year that the Nasdaq has moved more than 1% up or down.
The Dow Jones Industrial Average lost 118 points (0.7%) and the S&P 500 sunk 0.7%. There was a lot of excitement about the
Dow cresting over 17,000 last week, but it finished the day a notch above 16,900.
Meanwhile volatility is creeping back into the market. CNNMoney's Fear and Greed Index, which tracks seven indicators of
market sentiment, has moved from "extreme greed" into "greed."
Some of the pessimism could simply have been investors realizing their gains after the recent stock market rally. But there are
deeper concerns about company valuations and whether the Federal Reserve will raise interest rates sooner rather than later.
2. Tech takes beating: Tuesday's sell-off was most pronounced in the tech world, where some of the big so-called momentum
stocks pulled back. CNNMoney's Tech 30 Index ended down 2.1%, with Twitter (TWTR, Tech30) as its most unfortunate
victim. Shares of the microblogging service tanked over 7% Tuesday.
"$TWTR is done. Take the money and run very fast," said MickeTrader on StockTwits.
Linkedin (LNKD, Tech30),Facebook (FB, Tech30), Netflix (NFLX, Tech30), and Amazon (AMZN, Tech30) also lost big.
3. Earnings season is here! Alcoa (AA) unofficially kicked off earnings season Tuesday when it released its second quarter
http://money.cnn.com/2014/07/08/investing/stocks-markets/
1/3
7/14/2014
results after the bell. So far, so good. The aluminum producer rose in after hour trading after it beat analyst estimates.
Related: Corporate profits: Can they keep going and going?
With the S&P 500 index already up 6% this year, investors will be looking closely to see whether corporate profits can support
stocks and to what extent markets have been relying on cheap money from the Federal Reserve to push indexes to new
records.
Second quarter earnings are expected to grow 4.9% compared to the same period last year, though that estimate is down from
the 6.8% prediction at the start of the quarter, according to data from FactSet.
Related: Fear & Greed Index in greed
4. Other movers: More drama at American Apparel: Shares of American Apparel (APP) plunged after the struggling company
warned it received a notice of default from a lender related to last month's ouster of founder and CEO Dov Charney.
However, American Apparel disputed that default claim and is exploring ways to tap its revolving credit facility to repay the
lender. The New York Post reported American Apparel has reached a preliminary deal to transfer control of the board to a
hedge fund aligned with Charney.
Also on the fashion front, Guess (GES) rallied -- up almost 4% -- after the retailer was upgraded by analysts at Piper Jaffray,
who pointed to strength in the company's European business.
Related: CNNMoney's Tech30
http://money.cnn.com/2014/07/08/investing/stocks-markets/
2/3
7/8/2014
$108.94
-1.30 -1.19%
2014.07.08 end-of-day
$103.40
-0.13 -0.13%
2014.07.08 end-of-day
Co mmo dities
Crud e Oil
103.40
-0.13%
Na tura l G a s
4.20
-0.50%
G a soline
2.97
-0.54%
He a ting Oil
2.87
-1.42%
G old
1316.00
-0.04%
Silve r
20.97
Cop p e r
3.24
-0.17%
2014.07.08 end-of-day
Price
Change
2014.07.08 - $ 103.40
-0.13 -0.13%
1 Year Forecast
$118 / Barrel
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What's this?
s
AAPL
-0.37%
APPLE INC.
Jul 10
-0.75%
also jumped into gold, which rose $14.20, or 1.1%, to $1,338 a troy
95.04
4:00 PM
17.30
Jul 10
4:00 PM
ounce.
XOM
-0.95%
102.57
EXXONMOBIL CO...
Jul 10
4:00 PM
GE
-0.46%
highest level since early May. There are three times as many trades in
declining shares as there are in rising shares, indicating a
widespread selloff.
GENERAL ELECT...
Jul 10
BAC
-1.03%
BANK OF AMERI...
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26.20
4:03 PM
15.44
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4/4
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Business Markets
Published: July 10, 2014 16:35 IST | Updated: July 11, 2014 05:30 IST
A stock broker in a Mumbai stock broker's office, watches the wide fluctuations in the BSE. The Sensex saw wide fluctuations on the day of The Hindu
the Union Budget 2014-15. Photo: Vivek Bendre
Highly volatile trading marked the day as the new BJP-led government presented its first Union Budget on Thursday.
Stock indices recorded losses as market participants resorted to profit-booking, even as the rupee tumbled below the
60-mark against the dollar.
The S&P BSE Sensex closed at 25372.75 with a loss of 72.06 points. The benchmark index touched an intra-day high
of 25920.46 and a low of 25117.
Even though BSE-100 lost 0.01 per cent, BSE-200 was up by 0.05 per cent and BSE-500 0.10 per cent.
Mid-cap stocks also ended in the positive territory with a gain of 0.60 per cent and small-cap was up by 0.76 per cent.
On the National Stock Exchange (NSE), the 50-share Nifty closed at 7567.75 with a loss of 17.25 points.
Rupee tumbles
Moving in tandem with equities, the rupee on Thursday tumbled 44 paise, posting its biggest drop in nearly a month,
to end at 60.19 against the dollar. A firm dollar overseas and demand for the U.S. currency from importers weighed
on the rupee, dealers said. At the inter-bank foreign exchange market, the rupee commenced strong at 59.63 and
improved further to a high of 59.57 on sustained dollar selling by exporters. However, late profit-booking in domestic
stocks ulled it down to a low of 60.22 before settling at an almost three-week low of 60.19.
Keywords: Union Budget 2014-15, Union Finance Minister Arun Jaitley, Sensex, Nifty, BSE, NSE
Printable version | Jul 14, 2014 5:09:40 PM | http://www.thehindu.com/business/markets/sensex-closes-72-ptsdown-at-twoweek-low/article6197155.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-closes-72-pts-down-at-twoweek-low/article6197155.ece?css=print
1/2
7/14/2014
Sensex tanks 348 points, worst weekly loss since Dec 2011 - The Hindu
Business Markets
Published: July 11, 2014 16:40 IST | Updated: July 11, 2014 17:51 IST
Sensex tanks 348 points, worst weekly loss since Dec 2011
PTI
The benchmark Sensex on Friday erased initial gains to plunge over 348 points, posting its worst weekly loss in over
two and a half years, on disappointment over the Union Budget and fresh debt concerns in Portugal.
Stock markets had opened on a strong note with the 30-scrip Sensex touching a high of 25,548.33 points in early
trade on better-than-expected results from IT major Infosys.
However, lingering concerns over Eurozone debt resurfaced as reports said Portugals biggest listed bank missed debt
payments, triggering a sell-off, brokers said.
As a result, the BSE Sensex dipped below the 25,000 mark to touch days low of 24,978.33 on across-the-board profit
booking by participants. The barometer closed with a hefty fall of 348.40 points, or 1.37 per cent, at 25,024.35. The
gauge has now shed 1,075.73 points in four straight sessions.
For the week, Sensex has fallen by about 3.61 per cent or 937.71 points its sharpest weekly loss since December
2011.
Strong selling pressure was seen in sectors like realty, oil & gas, power, capital goods and PSU stocks that had
outperformed in the run up to the Union Budget, brokers said.
Markets are disappointed on the fiscal consolidation front. Budget didnt speak anything about rationalization of
subsidies which was widely expected by most market players, said Rakesh Goyal, Sr. Vice President, Bonanza
Portfolio.
The 50-share Nifty of the National Stock Exchange slipped below the crucial 7,500 mark by losing 108.15 points, or
1.43 per cent, to settle at 7,459.60.
During the session, Nifty shuttled between 7,625.85 and 7,447.20. For the week, Nifty lost about 3.8 per cent its
http://www.thehindu.com/business/markets/sensex-tanks-348-points-worst-weekly-loss-since-dec-2011/article6200958.ece?css=print
1/2
7/14/2014
Sensex tanks 348 points, worst weekly loss since Dec 2011 - The Hindu
http://www.thehindu.com/business/markets/sensex-tanks-348-points-worst-weekly-loss-since-dec-2011/article6200958.ece?css=print
2/2
7/12/2014
$106.66
-2.01 -1.88%
2014.07.11 end-of-day
$100.83
-2.10 -2.08%
2014.07.11 end-of-day
Co mmo dities
Crud e Oil
100.83
-2.08%
Na tura l G a s
4.15
+0.63%
G a soline
2.91
-1.69%
He a ting Oil
2.86
-1.13%
G old
1337.00
-0.13%
Silve r
21.41
-0.22%
Cop p e r
3.26
2014.07.12 end-of-day
Price
Change
2014.07.12 - $ 100.83
-2.10 -2.08%
1 Year Forecast
$115 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
7/15/2014
$106.02
-0.96 -0.91%
2014.07.15 end-of-day
$99.96
-0.95
-0.95%
2014.07.15 end-of-day
Co mmo dities
Crud e Oil
99.96
-0.95%
Na tura l G a s
4.10
-1.22%
G a soline
2.90
-0.91%
He a ting Oil
2.86
-0.61%
G old
1296.90
-0.72%
Silve r
20.84
-0.11%
Cop p e r
3.24
2014.07.15 end-of-day
Price
Change
2014.07.15 - $ 99.96
-0.95 -0.95%
1 Year Forecast
$114 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
7/21/2014
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NEW YORK (AP) -- The stock market started the week with a slight
loss on Monday as investors weighed a mixed batch of corporate
earnings against mounting political turmoil.
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Six Flags Entertainment posted higher profits and sales in the second
What's this?
Nearly a third of the companies in the S&P 500 index will hand in their
AAPL
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Jul 21
PLUG
+13.12%
PLUG POWER
Jul 21
GE
-1.81%
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Jul 21
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3/3
7/22/2014
$107.33
-0.35 -0.33%
2014.07.22 end-of-day
$104.42
-0.17 -0.16%
2014.07.22 end-of-day
Co mmo dities
Crud e Oil
104.42
-0.16%
Na tura l G a s
3.77
-2.04%
G a soline
2.88
-0.37%
He a ting Oil
2.85
G old
1306.10
-0.58%
Silve r
20.96
Cop p e r
3.20
+0.28%
2014.07.22 end-of-day
Price
Change
2014.07.22 - $ 104.42
-0.17 -0.16%
1 Year Forecast
$120 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
7/25/2014
$107.07
-0.96 -0.90%
2014.07.24 end-of-day
$102.07
-1.05 -1.03%
2014.07.24 end-of-day
Co mmo dities
Crud e Oil
102.07
-1.03%
Na tura l G a s
3.85
+2.21%
G a soline
2.84
-0.82%
He a ting Oil
2.87
G old
1290.60
-1.08%
Silve r
20.38
-2.83%
Cop p e r
3.25
+1.81%
2014.07.24 end-of-day
Price
Change
2014.07.24 - $ 102.07
-1.05 -1.03%
1 Year Forecast
$117 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
7/27/2014
Business Markets
Published: July 25, 2014 18:53 IST | Updated: July 25, 2014 18:53 IST
Equity benchmarks Sensex and Nifty hit new life-time highs on Friday but retreated on profit-booking in blue chips,
including ICICI Bank, Wipro and Tata Motors, to log their first drop in nine sessions.
The BSE Sensex ended down 145.10 points to end at 26,126.75 after surging to 26,300.17 intra-day.
The NSE Nifty in early trade hit record 7,840.9 but ended below the key 7,800 mark to close at 7,790.45, down 40.15
points.
Marked losses in counters like RIL, SBI, HDFC Bank and Infosys also weighed on the market sentiment.
Both the indices had gained about 5 per cent in the previous eight sessions, their longest in recent times.
The Sensex had gained 1,264.87 points while Nifty 376.45 points in this period, as overseas money chased
encouraging corporate earnings. Receding fears about monsoon, uptick in macroeconomic data and the governments
reform push also contributed to the stupendous rally, said market analysts.
Keywords: BSE, NSE, Sensex, Nifty, stock markets
Printable version | Jul 28, 2014 1:07:22 AM | http://www.thehindu.com/business/markets/for-first-time-in-ninedays-sensex-nifty-fall-from-lifetime-highs/article6249682.ece
The Hindu
http://www.thehindu.com/business/markets/for-first-time-in-nine-days-sensex-nifty-fall-from-lifetime-highs/article6249682.ece?css=print
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US stocks end lower after results from Amazon, Visa disappoint investors | Fox Business
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Industry Needs to
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rise in quarterly profit but cut its full-year forecast on concerns about
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Third North Dakota saltw ater storage facility destroyed
by lightning in recent w eeks
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S
S
AAPL
+0.66%
APPLE INC.
Jul 25
-1.23%
Jul 25
+0.11%
AT&T INC.
Jul 25
FB
+0.28%
FACEBOOK INC.
Jul 25
BP
-0.91%
BP PLC
Jul 25
97.67
4:00 PM
17.62
4:00 PM
35.54
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3/3
7/29/2014
$107.57
-0.82 -0.76%
2014.07.28 end-of-day
$101.67
-0.42 -0.41%
2014.07.28 end-of-day
Co mmo dities
Crud e Oil
101.67
-0.41%
Na tura l G a s
3.75
-0.91%
G a soline
2.85
-0.57%
He a ting Oil
2.89
-0.96%
G old
1303.30
+0.02%
Silve r
20.53
-0.30%
Cop p e r
3.23
2014.07.28 end-of-day
Price
Change
2014.07.28 - $ 101.67
-0.42 -0.41%
1 Year Forecast
$116 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
7/30/2014
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Telecom stocks were the only sector of the market to rise on Tuesday,
What's this?
adding 2.2 percent after Windstream Holdings (WIN) filed to spin off
than doubled. The shares had closed up 1.7 percent in regular NYSE
-0.65%
market closed; its shares were little changed after the bell.
AAPL
APPLE INC.
Jul 29
The Dow Jones industrial average <.DJI> fell 70.16 points, or 0.41
TWTR
+1.74%
percent, to 16,912.43, the S&P 500 <.SPX> lost 8.93 points, or 0.45
percent, to 1,969.98, and the Nasdaq Composite <.IXIC> dropped
2.21 points, or 0.05 percent, to 4,442.70.
The Nasdaq's decline was tempered by biotechnology shares, with
the Nasdaq Biotech index <.NBI> up 1.1 percent.
TWITTER INC.
98.38
4:00 PM
38.59
Jul 29
4:04 PM
-0.79%
103.55
EXXONMOBIL CO...
Jul 29
4:02 PM
+2.64%
XOM
AT&T INC.
Jul 29
MSFT
-0.19%
MICROSOFT COR...
Jul 29
36.59
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43.88
4:00 PM
Dow components Pfizer (PFE) and Merck (MRK), the No. 1 and No. 2
U.S. drug companies, respectively, reported better-than-expected
results. Merck's new drugs offset declining sales of those facing
generic competition. Pfizer was helped by growing sales of its cancer
medicines. Merck rose 1.1 percent at $58.58 while Pfizer shed 1.2
percent to $29.73.
Corning Inc (GLW) dropped 9.3 percent to $20 after reporting
earnings that came in below estimates as demand fell for its Gorilla
Glass, which is used in iPhones and Galaxy devices.
Economic data had little impact on the direction of equities.
U.S. consumer confidence jumped in July to a high not seen since
October 2007, but single-family home prices fell 0.3 percent in May on
a seasonally adjusted basis, falling short of expectations.
President Barack Obama said the United States was imposing new
sanctions on Russia in the energy, arms and finance sectors,
following similar moves by the European Union in reaction to
Moscow's support for rebels in eastern Ukraine.
About 57 percent of stocks traded on the New York Stock Exchange
closed lower on the day while about 47 percent of Nasdaq-listed
shares ended in negative territory. About 5.59 billion shares traded on
all U.S. platforms, according to BATS exchange data, compared with
the month-to-date average of 5.54 billion.
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4/4
7/31/2014
$106.51
-1.21 -1.14%
2014.07.30 end-of-day
$100.27
-0.70 -0.70%
2014.07.30 end-of-day
Co mmo dities
Crud e Oil
100.27
-0.70%
Na tura l G a s
3.79
-1.00%
G a soline
2.84
-0.97%
He a ting Oil
2.89
-0.56%
G old
1294.90
-0.26%
Silve r
20.56
+0.10%
Cop p e r
3.23
+0.68%
2014.07.30 end-of-day
Price
Change
2014.07.30 - $ 100.27
-0.70 -0.70%
1 Year Forecast
$115 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
7/31/2014
Sensex falls over 192 points; falls below 26k mark - The Hindu
Business Markets
Published: July 31, 2014 17:09 IST | Updated: July 31, 2014 17:09 IST
The benchmark Sensex on Thursday slipped below the 26,000-mark by falling over 192 points as caution prevailed on
the expiry of July derivative contracts and capital outflows after U.S. Fed once again tapered its stimulus.
Besides, a weakening rupee that depreciated 46 paise against the dollar to 60.52 intra-day also weighed on the stock
market sentiment, brokers said.
Good earnings from some blue chips were outweighed by selling in power, banking, consumer durables, capital goods,
auto, IT and infrastructure space, they added.
The BSE Sensex began on a weak note and continued to lose momentum to touch an intra-day low of 25,853.69. It
settled at 25,894.97, down 192.45 points, or 0.74 per cent. It touched the days high of 26,118.88. In the 30-share
Sensex, 24 closed with losses, while six others ended higher.
The 50-share NSE index Nifty, after dipping to 7,711.15, finally settled the session down 70.10 points, or 0.90 per cent,
at 7,721.30, its biggest fall since July 11.
The US Fed on Wednesday continued with gradual tapering and reduced asset purchases by another USD 10
billion/month.
Besides squaring-up of outstanding positions on the last session of July series, fresh round of selling by foreign funds
dampened the sentiments, said Rajiv Malik, a Delhi-based stock broker.
Stocks of ICICI Bank, the countrys largest private sector lender, fell 1.11 per cent. It reported a 3 per cent rise in
consolidated net profit at Rs 2,832 crore for the Q1.
Shares of Maruti Suzuki, the countrys largest carmaker Maruti Suzuki ended 1.07 per down. It reported 20.69 per
cent growth in net profit at Rs 762.28 crore for the first quarter ended June 30, 201415.
Sectorwise, the BSE power sector index suffered the most by plunging 1.35 per cent, followed by banking (1.18 per
cent), consumer durables (0.98 per cent), capital goods (0.84 per cent), auto (0.62 per cent) and IT (0.60 per cent).
Asian stocks ending mixed today after encouraging US growth data in the second quarter was offset by profit-taking.
European markets also opened lower. Also, risk aversion was seen due on reports that Argentina has failed to strike a
deal to avert its second default in more than 12 years.
Meanwhile, Foreign Portfolio Investors sold shares worth about Rs 381.66 crore yesterday, as per provisional data
from the stock exchanges.
Keywords: BSE, NSE, Sensex, Nifty, US Federal Reserve
Printable version | Aug 1, 2014 12:39:24 AM | http://www.thehindu.com/business/markets/sensex-falls-over-192points-falls-below-26k-mark/article6267981.ece
The Hindu
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1/1
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Stocks look set to end July with whimper - Jul. 31, 2014
U.S.
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127
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TOTAL SHARES
The best thing we can say about Thursday's stock market trading is that it is now over. The Dow fell 317 points, erasing all of
its gains for the year.
The S&P 500 and Nasdaq fell sharply as well, each down about 2%. They gave back the all the gains they had made in July.
Heavy selling overseas, driven by worries about Argentina's latest debt default and more problems with a big Portuguese
bank, combined with a slew of negative earnings and a disappointing outlook on manufacturing from the Federal Reserve Bank
of Chicago to drop stocks.
The VIX (VIX), a gauge of market volatility, jumped almost 27%. CNNMoney's Fear & Greed Index, which includes the VIX and
six other gauges of sentiment, is showing signs of "Extreme Fear."
International markets: European markets fell broadly, with the EuroStoxx 50 index ending the day down 1.7%. Lisbon-listed
shares of Banco Espirto Santo (BKESF), the Portuguese bank whose deteriorating funding situation have brought the
spotlight back to Southern Europe's shaky banks, was down 42%.
Asian markets, outside of strongly performing Chinese stocks, were also lower.
Argentina failed to reach an agreement with bondholders and defaulted late Wednesday. Argentina's benchmark Merval index
plunged more than 8%.
Related: No deal in Argentina means second default in 13 years
Food fails and other movers: Yum Brands (YUM), the conglomerate behind KFC, Taco Bell and Pizza Hut, warned that the
tainted meat scandal in China could hurt its profits for the year. The stock dropped 5%.
http://money.cnn.com/2014/07/31/investing/stocks-markets/index.html?iid=HP_LN
1/3
7/31/2014
Stocks look set to end July with whimper - Jul. 31, 2014
Related: KFC just can't catch a break in its hugely important Chinese market
http://money.cnn.com/2014/07/31/investing/stocks-markets/index.html?iid=HP_LN
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7/31/2014
Dow Plunges 317 Points, Wipes Out 2014 Gains | Fox Business
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wide swath of assets, leading the blue-chip average to hit the flat-line
Em ail
Thinks Were a
for 2014.
Joke
Share
The Dow Jones Industrial Average fell 317 points, or 1.9%, to 16563,
Japanese man
the S&P 500 tumbled 39.7 points, or 2%, to 1931 and the Nasdaq
sentenced to 3
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XOM
98.94
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YUM BRANDS...
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Faber: U.S. stocks no
longer a good value
Dow Plunges 317 Points, Wipes Out 2014 Gains | Fox Business
What's this?
under heavy selling pressure after the firm said news reports
suggesting its supplier in China might have been using pastexpiration-date meat had a ""significant, negative impact" on samestore sales at its KFC and Pizza Hut chains in the world's No. 2
economy.
On the economic front, the Labor Department said the number of
AAPL
Jul 31
XOM
-4.17%
EXXONMOBIL CO...
Jul 31
-2.52%
to clients.
The Institute for Supply Management-Chicagos gauge of
manufacturing activity in the Midwest region slowed to 52.6 in July
from 62.6 in June, widely missing economists expectation of a
reading of 63. In July, the index reached its lowest level since June
2013.
-2.60%
APPLE INC.
Jul 31
FB
-2.71%
FACEBOOK INC.
Jul 31
GE
-1.91%
GENERAL ELECT...
Jul 31
95.60
4:00 PM
98.94
4:00 PM
17.02
4:00 PM
72.65
4:00 PM
25.15
4:04 PM
The data come ahead of the closely-watched monthly jobs report from
the Labor Department due on Friday.
Looking abroad, Argentina was at risk of defaulting for the second
time in 13 years as the Latin American country failed to strike an
agreement with a group of hedge funds looking to get paid for a 2001
bond default.
Art Cashin, the director of floor operations for UBS Financial Services
at the New York Stock Exchange, noted in a letter to clients the news
was "sending ripples through various assets." However, analysts
broadly said a default was unlikely to have a wide-ranging impact on
the massive American financial sector.
'A Lot of Noise'
Despite the selling Thursday, Michael Block, chief strategist at Rhino
Trading Partners, said he is still bullish in the near-term.
"This is all a lot of noise," he told clients, referring to the mixed
corporate results and debt turmoil in Latin America. "And with that, I
am sticking by my desire to own stocks on weakness."
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o Plunges 317 Points, Wipes Out 2014 Gains | Fox
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ow- plunges-300-points-wi
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4/4
8/1/2014
$106.02
-0.49 -0.46%
2014.07.31 end-of-day
$98.17
-2.10
-2.14%
2014.07.31 end-of-day
Co mmo dities
Crud e Oil
98.17
-2.14%
Na tura l G a s
3.84
+1.43%
G a soline
2.83
-0.43%
He a ting Oil
2.89
G old
1281.30
-1.06%
Silve r
20.37
-0.91%
Cop p e r
3.22
-0.29%
2014.08.01 end-of-day
Price
Change
2014.08.01 - $ 98.17
-2.10 -2.14%
1 Year Forecast
$112 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
8/1/2014
Business Markets
Published: August 1, 2014 16:39 IST | Updated: August 1, 2014 16:39 IST
The benchmark Sensex on Friday plunged over 414 points, logging its biggest single-day drop in over 3 weeks, to end
at 25,480.84 on across-the-board losses in bluechips amid a global sell-off.
With dollar gaining strength against most global peers, the rupee breached the 61-mark to trade at over three-month
low of 61.17 (intra-day). After US Fed trimmed monthly stimulus, fears have heightened that inflows into emerging
markets would slow. All eyes are on a US non-farm payroll report to be released later today for more cues, said
brokers.
The Sensex after opening lower at 25,753.92, dipped to 25,459.13 on across-the-board selling. It ended at 25,480.84,
down 414.13 points, or 1.60 per cent its biggest fall since July 8 when it tanked 518 points after railway budget.
http://www.thehindu.com/business/markets/sensex-tanks-414-points-most-in-over-3-weeks/article6272078.ece?homepage=true&css=print
1/2
8/1/2014
http://www.thehindu.com/business/markets/sensex-tanks-414-points-most-in-over-3-weeks/article6272078.ece?homepage=true&css=print
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3/3
8/2/2014
$104.84
-1.18 -1.13%
2014.08.01 end-of-day
$97.88
-0.29
-0.30%
2014.08.01 end-of-day
Co mmo dities
Crud e Oil
97.88
-0.30%
Na tura l G a s
3.80
-1.13%
G a soline
2.74
-1.94%
He a ting Oil
2.87
-0.83%
G old
1293.60
+0.95%
Silve r
20.33
-0.20%
Cop p e r
3.21
-0.51%
2014.08.01 end-of-day
Price
Change
2014.08.01 - $ 97.88
-0.29 -0.30%
1 Year Forecast
$112 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
8/6/2014
$104.61
-0.80 -0.76%
2014.08.05 end-of-day
$97.38
-0.91
-0.93%
2014.08.05 end-of-day
Co mmo dities
Crud e Oil
97.38
-0.93%
Na tura l G a s
3.90
+1.62%
G a soline
2.72
-0.35%
He a ting Oil
2.85
-0.85%
G old
1284.00
-0.29%
Silve r
19.79
-2.02%
Cop p e r
3.20
-1.17%
2014.08.05 end-of-day
Price
Change
2014.08.05 - $ 97.38
-0.91 -0.93%
1 Year Forecast
$111 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
8/7/2014
Sensex down 243 points on profit booking in blue chips - The Hindu
Business Markets
Published: August 6, 2014 17:01 IST | Updated: August 6, 2014 17:33 IST
Banking stocks, including SBI, ICICI Bank, Axis Bank, HDFC Bank, retreated largely on profit-booking at prevailing levels and
worries of a sell-off in government bonds.
Logging the first drop in three days, the benchmark Sensex on Wednesday slumped 243 points led by losses in ITC,
ICICI Bank and Tata Motors shares in line with weak global cues amid worries the conflict in Ukraine could worsen.
Besides profit-booking in metal, banking, realty and oil & gas shares, the rupee slumping to near five-month lows of
61.41 (intra-day) against dollar also soured sentiment.
In oil trade, the benchmark West Texas Intermediate (WTI) for September delivery rose 10 cents to $97.48 while
Brent crude gained 25 cents to $104.86 in afternoon trades.
The BSE Sensex index, which rose over 427 points in previous two sessions, started the day on a negative note and
continued to decline as selling in blue-chips weighed the index down. It settled 242.74 points down, or 0.94 per cent,
at 25,665.27.
Intra-day, the index touched a high of 25,901.68 and a low of 25,621.85.
Overall, 23 constituents of the Sensex fell while seven like RIL, BHEL, Hero Moto and Hindustan Unilever rose.
The 50-share NSE index Nifty dipped below the 7,700-mark by falling 74.50 points, or 0.96 per cent, to end at
7,672.05 after moving between 7,740.95 and 7,658.95 during the day.
Asian stocks dropped following a sharp fall on Wall Street over fears of a market correction and concerns the conflict
in Ukraine could escalate. European indices were down 11.4 per cent in the afternoon.
Banking stocks, including SBI, ICICI Bank, Axis Bank, HDFC Bank, retreated largely on profit-booking at prevailing
levels and worries that a sell-off in government bonds would hit portfolio value of their debt holdings.
The falling trend was cushioned to some extent as IT stocks such as Infosys surged 2.01 per cent and Wipro gained
0.31 per cent as a weaker rupee improves their earnings.
Sectorally, the BSE metal sector index suffered the most by losing 1.90 per cent, followed by Banking (down 1.82 per
cent), Realty (1.25 per cent) and FMCG (1.24 per cent).
Bucking the overall trend, IT index rose 0.67 per cent.
Meanwhile, Foreign Portfolio Investors bought shares worth a net Rs 52.85 crore on Tuesday.
Keywords: Indian stock markets, closing trade, BSE, Sensex, NSE, Nifty
http://www.thehindu.com/business/markets/sensex-down-243-points-on-profit-booking-in-blue-chips-including-itc-icici-bank-tata-motors-and-fears-over-ukraine/
1/2
8/7/2014
Sensex down 243 points on profit booking in blue chips - The Hindu
http://www.thehindu.com/business/markets/sensex-down-243-points-on-profit-booking-in-blue-chips-including-itc-icici-bank-tata-motors-and-fears-over-ukraine/
2/2
8/7/2014
Wall Street Caps Session in Red as Defensives Lead the Way | Fox Business
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The drop in stocks, while relatively modest, was global, with Asian
and European markets also losing ground.
Key benchmarks hit the day's lows late in the session. The S&P 500
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Wall Street Caps Session in Red as Defensives Lead the Way | Fox Business
What's this?
on a 10-year Treasury note, which falls when prices rise, fell to the
lowest level in more than a year, at 2.42%, while gold settled above
$1,300 for the second session in a row.
The S&P 500 is now down 4% from its peak, hit by fears that the
stronger economy could push the Federal Reserve to raise interest
rates sooner than expected as well as escalating tensions
AAPL
-0.01%
APPLE INC.
Aug 7
-0.94%
Aug 7
BAC
-0.53%
BANK OF AMERI...
Aug 7
GE
+0.24%
GENERAL ELECT...
Aug 7
XOM
-0.72%
EXXONMOBIL CO...
Aug 7
94.48
4:00 PM
16.82
4:01 PM
15.12
4:05 PM
25.50
4:05 PM
98.27
4:00 PM
totaled $1.146 billion last quarter, edging out HBO's $1.141 billion.
21st Century Fox (NWSA) climbed 4.6% following better-thanexpected earnings results.
Shares of iDreamSky Technology Ltd. (DSKY) jumped 6.3% on its
first day of trading on the Nasdaq. The company describes itself as
the biggest independent mobile-game publishing platform in China.
Read more about what to know about the iDreamSky IPO.
Read more about the day's big stock moves here.
Other markets
European stocks fell amid concerns about the impact of Russian
sanctions on its economy. Coca-Cola HBC AG slid 5.3% on a
warning tied in part to Russia. The Stoxx Europe 600 index fell 0.7%
to 326.96. Meanwhile, European Central President Mario Draghi said
at his monthly press conference that monetary policies in the U.S. and
the euro zone are on a "diverging path" and will remain that way for a
long time.
Also read: Draghi unperturbable, but clock ticks toward QE
In Asia, the Shanghai Composite Index tumbled 1.3% and Hong
Kong's Hang Seng Index fell to its lowest settlement in nearly two
weeks as casino shares dropped.
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Wall Street Caps Session in Red as Defensives Lead the Way | Fox Business
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Business Markets
Published: August 7, 2014 23:28 IST | Updated: August 7, 2014 23:28 IST
Stock markets on Thursday fell for the second straight session with the S&P BSE Sensex slipping over 76 points to
25589.01 and the Nifty declining nearly 23 points to 7649.25 on losses in domestic IT shares after global peer
Cognizant cut its full-year sales growth forecast.
With over 1.5 per cent fall each, heavyweights Infosys and TCS led the losses in both benchmark indices. Weak global
cues also persisted as Asian markets mostly dipped as concerns over the European economy and international
conflicts, including in Ukraine, grew, said brokers.
The BSE 30-share barometer resumed stable and later moved erratically in a range of 25778.05-25526.05 before
settling at 25589.01, a fall of 76.26 points. On Wednesday, it had plunged 242.74 points.
Similarly, the 50-share CNX Nifty of the NSE gyrated in a range of 7708.95-7630.40 before concluding down by
22.80 points at 7649.25. It had slipped by 74.50 points in the previous session.
Banking, realty, power, capital goods, healthcare, metal and FMCG sector stocks also came under selling pressure.
Bucking the overall weak trend, shares of companies related to railways saw buying interest after the government
yesterday approved FDI liberalisation in the sector.
Rupee recovers 27 paise
Rebounding from five-month lows, the rupee on Thursday bounced back by 27 paise, its best gain since July, to end at
61.22 against the greenback following suspected RBI intervention and dollar selling by exporters.
At the inter-bank foreign exchange market, the rupee resumed strong at 61.37 a dollar from its previous close of
61.49. It later moved in a wide range of 61.21-61.55 before finishing at 61.22, showing a rise of 27 paise. This is its best
single session gain since 38 paise rise on July 2.
On Wednesday, the rupee had slumped by 65 paise.
Keywords: sensex, BSE, stocks close, NSE, nifty
Printable version | Aug 8, 2014 3:29:27 AM | http://www.thehindu.com/business/markets/it-stocks-drag-sensexnifty-down/article6292397.ece
The Hindu
http://www.thehindu.com/business/markets/it-stocks-drag-sensex-nifty-down/article6292397.ece?css=print
1/1
8/13/2014
$103.02
-1.66 -1.61%
2014.08.12 end-of-day
$97.37
-0.71
-0.73%
2014.08.12 end-of-day
Co mmo dities
Crud e Oil
97.37
-0.73%
Na tura l G a s
3.97
+0.23%
G a soline
2.73
-0.66%
He a ting Oil
2.84
-1.20%
G old
1308.80
+0.02%
Silve r
19.87
-0.96%
Cop p e r
3.15
-0.57%
2014.08.12 end-of-day
Price
Change
2014.08.12 - $ 97.37
-0.71 -0.73%
1 Year Forecast
$111 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
8/15/2014
$102.01
-2.27 -2.23%
2014.08.14 end-of-day
$95.58
-2.01
-2.10%
2014.08.14 end-of-day
Co mmo dities
Crud e Oil
95.58
-2.10%
Na tura l G a s
3.91
+1.92%
G a soline
2.67
-3.29%
He a ting Oil
2.82
-2.92%
G old
1313.90
+0.08%
Silve r
19.87
+0.31%
Cop p e r
3.09
-0.66%
2014.08.14 end-of-day
Price
Change
2014.08.14 - $ 95.58
-2.01 -2.10%
1 Year Forecast
$109 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
8/15/2014
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U.S. Bank, said he isn't surprised that stocks have been so resilient in
AAPL
Meanwhile, U.S. producer prices inched up in July, a second
consecutive month of gains, led by services such as transportation
and warehousing, the government reported Friday. That is one of
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+0.49%
APPLE INC.
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Monster Beverage (MNST) shares surged to lead the S&P on CocaCola's (KO) move to acquire a 17% ownership stake in the energy
drink company, as part of a long-term partnership deal. Coke will
make a $2.15 billion cash payment and transfer its global energy
drink business to Monster.
Applied Materials Inc. (AMAT) was among the biggest advancers in
the S&P, after the chip-making equipment provider's quarterly sales
and earnings report topped Wall Street expectations.
Achillion Pharmaceuticals (US-ACHN) rallied in heavy volume
following positive results from a clinical trial related to sovaprevir, the
company's experimental hepatitis C treatment.
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In Asia, Hong Kong's Hang Seng Index finished at its highest level in
more than three years. European stocks ended lower after headlines
of conflict escalation in Ukraine.
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4/4
8/18/2014
$101.60
-1.93 -1.90%
2014.08.18 end-of-day
$96.41
-0.94
-0.97%
2014.08.18 end-of-day
Co mmo dities
Crud e Oil
96.41
-0.97%
Na tura l G a s
3.79
+0.42%
G a soline
2.66
-1.60%
He a ting Oil
2.81
-1.50%
G old
1297.70
-0.52%
Silve r
19.60
+0.56%
Cop p e r
3.10
+0.19%
2014.08.18 end-of-day
Price
Change
2014.08.18 - $ 96.41
-0.94 -0.97%
1 Year Forecast
$110 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
8/20/2014
$101.56
-0.04 -0.04%
2014.08.19 end-of-day
$94.48
-1.93
-2.04%
2014.08.19 end-of-day
Co mmo dities
Crud e Oil
94.48
-2.04%
Na tura l G a s
3.88
+2.19%
G a soline
2.70
+1.46%
He a ting Oil
2.82
+0.39%
G old
1295.10
-0.20%
Silve r
19.39
-1.10%
Cop p e r
3.09
-0.57%
2014.08.19 end-of-day
Price
Change
2014.08.19 - $ 94.48
-1.93 -2.04%
1 Year Forecast
$108 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
9/2/2014
$100.34
-2.85 -2.84%
2014.09.02 end-of-day
$92.88
-3.08
-3.32%
2014.09.02 end-of-day
Co mmo dities
Crud e Oil
92.88
-3.32%
Na tura l G a s
3.89
-4.50%
G a soline
2.54
-3.14%
He a ting Oil
2.80
-2.27%
G old
1263.70
-1.75%
Silve r
19.07
-1.71%
Cop p e r
3.13
2014.09.02 end-of-day
Price
Change
2014.09.02 - $ 92.88
-3.08 -3.32%
1 Year Forecast
$106 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
9/5/2014
$101.83
-0.94 -0.92%
2014.09.04 end-of-day
$94.45
-1.09
-1.15%
2014.09.04 end-of-day
Co mmo dities
Crud e Oil
94.45
-1.15%
Na tura l G a s
3.82
-0.73%
G a soline
2.60
-0.77%
He a ting Oil
2.84
-1.04%
G old
1265.10
-0.30%
Silve r
19.06
-0.23%
Cop p e r
3.14
+0.86%
2014.09.04 end-of-day
Price
Change
2014.09.04 - $ 94.45
-1.09 -1.15%
1 Year Forecast
$108 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
9/6/2014
$100.82
-1.01 -1.00%
2014.09.05 end-of-day
$93.29
-1.16
-1.24%
2014.09.05 end-of-day
Co mmo dities
Crud e Oil
93.29
-1.24%
Na tura l G a s
3.79
-0.69%
G a soline
2.58
-0.64%
He a ting Oil
2.82
-0.61%
G old
1265.80
+0.06%
Silve r
19.08
+0.09%
Cop p e r
3.16
+0.62%
2014.09.06 end-of-day
Price
Change
2014.09.06 - $ 93.29
-1.16 -1.24%
1 Year Forecast
$107 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
9/8/2014
$100.20
-0.62 -0.62%
2014.09.08 end-of-day
$92.66
-0.63
-0.68%
2014.09.08 end-of-day
Co mmo dities
Crud e Oil
92.66
-0.68%
Na tura l G a s
3.88
+2.14%
G a soline
2.56
-0.84%
He a ting Oil
2.81
-0.35%
G old
1252.70
-1.05%
Silve r
18.89
-1.03%
Cop p e r
3.16
2014.09.08 end-of-day
Price
Change
2014.09.08 - $ 92.66
-0.63 -0.68%
1 Year Forecast
$106 / Barrel
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1/2
9/10/2014
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Stocks fell for a second straight day Tuesday as investors were left
unimpressed by Apple's latest batch of product announcements.
the market.
for $100
The Dow lost 97.55 points, or 0.6 percent, to 17,013.87, its biggest
one-day drop in a month. The Standard & Poor's 500 index lost 13.10
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What's this?
and the Apple rally quickly faded. The watch doesn't come out until
next year, costs $350, and would require an iPhone near it to work. It
was hardly the new product category that investors had hoped it might
be.
"I don't know if they're swimming up the right river with this watch,"
said Dan Morgan, a senior portfolio manager at Synovus Trust
looks like an add-on product, not something that has the potential to
be a phenomenon."
At the end of the day, Apple fell 37 cents, or 0.4 percent, to $97.99.
MOST POPULAR STOCKS
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-0.38%
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-0.69%
GENERAL ELECT...
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MORGAN STANLE...
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97.99
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16.63
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33.91
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The dollar extended its rally, hitting 106.20 yen, the highest since
September 2008. Compared with other major currencies hurt by bad
economic news in their home countries, the dollar appears attractive.
The Federal Reserve is expected to end part of its stimulus program
by October and is considering rate hikes, signs of greater confidence
in the U.S. economic recovery.
If the dollar were to continue to rally, it may start to hurt U.S. corporate
profits. A higher dollar makes U.S.-made products more expensive
abroad, which makes them harder to sell compared with foreignmade goods. Investors don't expect the dollar rally to continue over the
long term, however.
"This could temporarily weigh on U.S. corporate profits, but U.S.
companies generate so much business domestically that any impact
would be modest," said David Lebovitz, a global market strategist at
J.P. Morgan Funds.
In other markets, bond prices fell slightly. The yield on the 10-year
Treasury note rose to 2.50 percent.
The price of U.S. oil steadied after three days of steep drops.
Benchmark U.S. crude rose 9 cents to close at $92.75 a barrel on the
New York Mercantile Exchange.
Brent crude, a benchmark for international oils used by many U.S.
refineries, fell sharply on further predictions of lower global demand.
Brent fell $1.04 to close at $99.16 on the ICE Futures exchange in
London, the lowest close since May 2013.
In metals trading, the price of gold fell $5.80 to $1,248.50 an ounce,
silver fell four cents to $18.92 an ounce and copper fell seven cents to
$3.10 a pound.
S
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Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund
and ETF data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.
This material may not be published, broadcast, rew ritten, or redistributed. 2014 FOX New s Netw ork, LLC. All rights reserved.
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$99.16
-1.04
-1.05%
2014.09.09 end-of-day
Co mmo dities
Crud e Oil
92.75
+0.10%
Na tura l G a s
3.98
+2.71%
G a soline
2.55
-0.53%
He a ting Oil
2.79
-0.64%
G old
1246.80
-0.47%
Silve r
18.84
-0.23%
Cop p e r
3.09
-2.04%
2014.09.09 end-of-day
Price
Change
2014.09.09 - $ 92.75
0.09 0.10%
1 Year Forecast
$106 / Barrel
file:///B:/Users/Srinivas%20V.%20Vadde/Desktop/Uploaded%20Links/Crude%20Oil%20&%20Economy%20Results/Updated%20Crude%20Oil%20and%20Gas
1/1
9/10/2014
$98.04
-1.12
-1.14%
2014.09.10 end-of-day
$91.67
-1.08
-1.18%
2014.09.10 end-of-day
Co mmo dities
Crud e Oil
91.67
-1.18%
Na tura l G a s
3.95
-0.76%
G a soline
2.53
-0.87%
He a ting Oil
2.75
-1.39%
G old
1243.50
-0.27%
Silve r
18.86
+0.06%
Cop p e r
3.10
+0.32%
2014.09.10 end-of-day
Price
Change
2014.09.10 - $ 91.67
-1.08 -1.18%
1 Year Forecast
$105 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
9/12/2014
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http://www.foxbusiness.com/industries/2014/09/12/us-stock-index-futures-flat-as-consumer-data-takes-spotlight/
1/4
9/12/2014
Market Stream
+0.11%
101.54
APPLE INC.
Sept 12
3:55 PM
-0.48%
AAPL
Sept 12
BAC
+1.33%
BANK OF AMERI...
Sept 12
XOM
-1.26%
Separately, the prices paid for goods imported into the U.S. declined
EXXONMOBIL CO...
Sept 12
by 0.9% in August, the biggest drop since last November, led lower by
-1.15%
AT&T INC.
Sept 12
16.58
3:55 PM
16.79
3:55 PM
95.81
3:55 PM
34.45
3:55 PM
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Econoday. Dow Jones & Company Terms & Conditions.
This material may not be published, broadcast, rew ritten, or redistributed. 2014 FOX New s Netw ork, LLC. All rights reserved.
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4/4
9/13/2014
$97.11
-0.97
-1.00%
2014.09.12 end-of-day
$92.27
-0.56
-0.61%
2014.09.12 end-of-day
Co mmo dities
Crud e Oil
92.27
-0.61%
Na tura l G a s
3.86
+0.88%
G a soline
2.52
-0.21%
He a ting Oil
2.74
-0.57%
G old
1229.90
-0.61%
Silve r
18.55
+0.07%
Cop p e r
3.10
+0.48%
2014.09.12 end-of-day
Price
Change
2014.09.12 - $ 92.27
-0.56 -0.61%
1 Year Forecast
$106 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
9/16/2014
$96.65
-0.46
-0.48%
2014.09.15 end-of-day
Co mmo dities
Crud e Oil
92.92
+0.70%
Na tura l G a s
3.93
+1.88%
G a soline
2.53
+0.47%
He a ting Oil
2.74
G old
1233.60
+0.30%
Silve r
18.56
+0.05%
Cop p e r
3.08
-0.68%
2014.09.15 end-of-day
Price
Change
2014.09.15 - $ 92.92
0.65 0.70%
1 Year Forecast
$106 / Barrel
file:///B:/Users/Srinivas%20V.%20Vadde/Desktop/Uploaded%20Links/Crude%20Oil%20&%20Economy%20Results/Updated%20Crude%20Oil%20and%20Gas
1/1
9/17/2014
Sensex slips 62 points to end below 27k-mark; Sun Pharma down 4% - The Hindu
Business Markets
Published: September 11, 2014 16:34 IST | Updated: September 11, 2014 20:07 IST
Falling for third straight session, benchmark Sensex on Thursday slid 61.54 points to end at 26,995.87 its weakest
level in nearly two weeks on sharp losses in bluechips including Sun Pharma, ONGC and Coal India, amid negative
Asian cues on continued US Fed rate hike worries.
The rupee, however, appeared to be rebounding from one-month lows of 60.95 against US dollar and was last trading
at 60.77 levels on good selling of the greenback.
The 30-share BSE Sensex rose to days high of 27,150.78 in early trade but emergence of profit-booking brought it
down. It finally settled below the 27,000-mark as it closed with a loss of 61.54 points, or 0.23 per cent, at 26,995.87
its lowest close since 26,867.55 on September 1.
In 3 straight sessions, it has lost almost 324 points.
Brokers said sentiment was weak on reports of foreign institutional investors and domestic institutional investors
turning sellers, after remaining major buyers for past several sessions, that had helped indices scale new highs.
Besides, profit-booking in recent out-performers and caution ahead of IIP and inflation data scheduled for Friday
release, also affected sentiments, they said.
Among 30-Sensex stocks, Sun Pharma turned distinctly weak and closed 4.3 per cent down on reports of a surprise
inspection by US drug regulator at its Halol plant in Gujarat.
Coal India fell 3.5 per cent on speculation the government will sell a portion of shares at a discount to their market
price. On Wednesday, CCEA has cleared stake dilution in Coal India, ONGC and NHPC via Offer For Sale route.
Shares of ONGC slipped 3.58 per cent.
http://www.thehindu.com/business/markets/sensex-slips-62-points-to-end-below-27kmark-sun-pharma-down-4/article6401237.ece?css=print
1/2
9/18/2014
$97.70
-1.27
-1.30%
2014.09.18 end-of-day
$93.07
-1.35
-1.45%
2014.09.18 end-of-day
Co mmo dities
Crud e Oil
93.07
-1.45%
Na tura l G a s
3.91
-2.63%
G a soline
2.56
-0.32%
He a ting Oil
2.71
-1.21%
G old
1225.70
-0.71%
Silve r
18.45
-1.14%
Cop p e r
3.09
-1.58%
2014.09.18 end-of-day
Price
Change
2014.09.18 - $ 93.07
-1.35 -1.45%
1 Year Forecast
$107 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
9/22/2014
S&P 500 Falls by Largest Margin in Nearly Seven Weeks | Fox Business
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China Weighs on
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Dives Again
DRC
81.97
DRESSER-RAND...
+2.06
on China Economic
Worries
The S&P 500 (SPX) closed 16.11 points, or 0.8%, lower at 1,994.29.
The Dow Jones Industrial Average (DJI) dropped 107.06 points, or
BABA
89.89
ALIBABA GROU...
-4.00
or 1.1%, to 4,527.69.
HSBC
53.67
HSBC HOLDING...
-0.28
EMC
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EMC CORP....
+0.15
EMCORE Selling
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APPLE INC....
Capital
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4/4
9/23/2014
$96.97
-1.42
-1.46%
2014.09.22 end-of-day
$91.52
-0.89
-0.97%
2014.09.22 end-of-day
Co mmo dities
Crud e Oil
91.52
-0.97%
Na tura l G a s
3.85
+0.34%
G a soline
2.58
-1.03%
He a ting Oil
2.69
-1.10%
G old
1216.80
+0.12%
Silve r
17.70
-0.46%
Cop p e r
3.04
-1.66%
2014.09.22 end-of-day
Price
Change
2014.09.22 - $ 91.52
-0.89 -0.97%
1 Year Forecast
$105 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
9/23/2014
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U.S. stocks fell on Tuesday, with consumer staples leading the S&P
500 down to its third straight daily loss, as investors grew concerned
about the pace of global economic growth.
Share
Com m ents
The day's losses were broad, with all ten primary S&P sectors down.
Consumer staples <.SPLRCS> were the weakest on the day, off 0.9
percent, while industrials <.SPLRCI> lost 0.8 percent.
Inflation Watch as
Fed Hawks Retire
Graduating with
The European data "is a little concerning," said David Lebovitz, global
Less Debt
market strategist for J.P. Morgan Funds in New York. "We didn't
expect things to improve there forever and always, but we are seeing
a bit of a slowdown, which is weighing a bit."
Stocks Move Lower
on China Economic
Worries
launch of U.S. air strikes in Syria against Islamic State fighters. The
tension lifted crude oil prices <CLc1> 0.6 percent to $91.44 per
barrel.
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1/3
9/23/2014
"It will be important to see how this issue plays out, but so far oil has
What's this?
been pretty well behaved," Lebovitz said. "So long as it remains under
$100, markets should be able to take this in stride. Past that level, it
will become a drag on consumption."
The Dow Jones industrial average <.DJI> fell 116.81 points, or 0.68
percent, to 17,055.87, the S&P 500 <.SPX> lost 11.52 points, or 0.58
percent, to 1,982.77 and the Nasdaq Composite <.IXIC> dropped
The S&P 500 fell for a third consecutive session and closed below its
14-day moving average for a second straight day, a sign of weak
near-term momentum.
The Russell 2000 <.TOY> fell 0.9 percent, and the small cap index's
BABA
ALIBABA GROUP...
-3.03%
87.17
Sept 23
4:00 PM
50-day moving average fell slightly under its 200-day moving average,
a condition known as a "death cross," which many investors view as
+1.56%
102.64
APPLE INC.
Sept 23
4:00 PM
-1.16%
AAPL
Sept 23
BAC
+0.12%
CarMax Inc <KMX.N> was the biggest S&P 500 decliner on the day,
off 9.5 percent to $47.80 after earnings missed expectations and
BANK OF AMERI...
Sept 23
XOM
-0.53%
16.17
4:00 PM
17.05
4:00 PM
Sept 23
96.03
4:00 PM
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Wall Street dove deep into the red Thursday as traders went on
Share
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Todays Markets
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The Dow Jones Industrial Average fell 264 points, or 1.5%, to 16945,
the S&P 500 dropped 32.3 points, or 1.6%, to 1965, and the Nasdaq
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AAPL
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Sept 25
BAC
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APPLE INC.
Sept 25
97.87
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Apple was forced to pull an update for its newest mobile operating
system, iOS 8, after users reported issues. The consumer tech giant
released a workaround to fix the issue on Thursday, but Apple shares
still fell 3.8% to $98.87.
On the corporate front, education publisher Scholastic (SCHL)
tumbled 5.7% after reporting a wider-than-expected loss for the first
quarter. DirecTV (DTV) traded 42 cents lower at $86.39.
Shareholders of the satellite television provider voted in favor of
DirecTVs sale to AT&T (T).
In commodities, West Texas Intermediate crude oil settled 27 cents
lower at $92.53 a barrel. Wholesale New York Harbor gasoline
climbed about five cents, or 2%, to nearly $2.72 a gallon.
Follow Matthew Rocco on Twitter @MatthewRocco
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Tech trouble sparks wave of selling on Wall Street - Sep. 25, 2014
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77
77
TOTAL SHARES
Apparently it's not just iPhones that can bend. So can the will of bullish investors.
Apple (AAPL, Tech30) and other technology stocks took a tumble on Thursday, driving the Nasdaq deeply into the red: almost
down 2%.
But it's not just tech stocks that had a bad day. The Dow dove 264 points and the broader S&P 500 slumped 1.6%.
The sea of red leaves Wall Street with its fourth decline in five days and erases Wednesday's big rally.
"There are definitely some flashing warning signs in the market. I've heard people more nervous today than in a while," said
John Guarino, co-founder of hedge fund Quad Capital. "People aren't really talking about buying today's dip."
Related: There's a 'death cross' in the stock market
Extreme fear: It seems fear is back in vogue on Wall Street -- just in time for Halloween.
CNNMoney's Fear & Greed Index is now flashing "extreme fear," compared with just "fear" a week ago. Very recently, this
gauge was in all-out "greed" territory.
Safe haven demand, a key metric in the Fear & Greed Index, switched to "extreme fear" from "neutral" earlier this week.
"Equity investors are concerned about the second, third and fourth largest economies in the world slowing down," said Art
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Tech trouble sparks wave of selling on Wall Street - Sep. 25, 2014
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Tech trouble sparks wave of selling on Wall Street - Sep. 25, 2014
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3/3
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Business Markets
Published: September 25, 2014 17:30 IST | Updated: September 25, 2014 17:30 IST
Slumping for third straight day, the Sensex dropped 276 points and Nifty fell over 90 points to end at one-month lows
on Thursday as metal, power and banking bluechips crumbled due to coal mines de-allocation while the oil and gas
sector was hit by selling on deferment of a hike in gas price.
Investor confidence appeared to plummet as heavy selling was seen mostly across-the-board. Not just blue-chips, twotier counters too bore the brunt of heavy sell-off, said traders. Realty, capital goods, auto and consumer durable
shares were also at the receiving end, they added.
Besides, caution prevailed on the last day of September derivative contracts that also influenced market sentiments.
The benchmark S&P BSE 30-share Sensex initially touched a high of 26,814.20 on the back of firm Asian cues
prompted by strong closing on Wall Street on Wednesday after robust US housing data for August.
Later, however, emergence of selling pulled it down to a low of 26,349.55 before recovering some ground and
concluding at one-month low of 26,468.36, a fall of 276.33 points or 1.03 per cent. In straight three days, it has
plunged by 738.38 points or 2.71 per cent.
Pramit Brahmbhatt, Veracity Group CEO said, For the third session in row, local indices fell. ONGC and RIL lost
over 3 per cent each as government deferred decision on gas price hike. Indices are heading towards to post its first
weekly fall in seven weeks.
As many as 23 Sensex stocks closed with losses led by Axis Bank, SBI, Hindalco, BHEL and ICICI Bank. However, TCS,
Dr Reddys and GAIL closed higher among seven Sensex gainers.
Similarly, the wide-based 50-issue CNX Nifty of the NSE also settled sharply down by 90.55 points at its one-month
low of 7,911.85. It has logged an intra-day low of 7,877.35.
Metal stocks such as Jindal Steel and Power, Tata Steel, Hindalco, Bhushan Steel, Usha Martin, Monnet Ispat
remained under pressure due to Supreme Court cancelling 214 mines.
We believe that the coal block cancellation could adversely impact Indias nascent economic recovery...The impact
will be felt across various channels and lead to a rise in non-performing assets of banking sector, an increase in the
cost of coal and in turn a rise in power tariffs..., said India Ratings & Research.
Keywords: Sensex closing figures, coal block de-allocation, coal block cancellation, stock markets reaction
Printable version | Sep 26, 2014 2:37:11 AM | http://www.thehindu.com/business/markets/sensex-nifty-drop-to1month-lows/article6445959.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-nifty-drop-to-1month-lows/article6445959.ece?css=print
1/1
9/25/2014
$92.53
-0.27
-0.29%
2014.09.25 end-of-day
Co mmo dities
Crud e Oil
92.53
-0.29%
Na tura l G a s
3.97
+1.51%
G a soline
2.72
+1.99%
He a ting Oil
2.70
+0.26%
G old
1221.20
+0.21%
Silve r
17.38
-1.52%
Cop p e r
3.06
2014.09.25 end-of-day
Price
Change
2014.09.25 - $ 92.53
-0.27 -0.29%
1 Year Forecast
$106 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/WTI%20Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/1
9/29/2014
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Wall St. ends down on Hong Kong tensions, Ford outlook: Thomson Reuters Business News - MSN Money
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NEW YORK (Reuters) - U.S. stocks ended lower on Monday following protests in Hong Kong that added to worries
about Chinese growth and after a disappointing forecast from Ford Motor Co.
The S&P consumer discretionary sector, down 0.6 percent, had the most losses. Ford shares fell 7.5 percent and
the stock was the S&P's biggest percentage decliner after it lowered its outlook late during the session, saying
North American margins will be at the low end of its previous guidance.
But the market ended well off its lows as worries about tensions in Hong Kong started the day off with losses of
nearly 1 percent.
"The market continues to get hit with a lot of negative news, and the latest was the problems in Hong Kong," said
Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.
But investors might take a more upbeat view of the market heading into the fourth quarter and ahead of third-quarter
earnings, he said.
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The Dow Jones Industrial average fell 41.93 points, or 0.25 percent, to 17,071.22; the S&P 500 lost 5.05 points, or
0.25 percent, to 1,977.8; and the Nasdaq Composite dropped 6.34 points, or 0.14 percent, to 4,505.85.
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Thomson Reuters
The largest percentage gainer on the New York Stock Exchange was Athlon Energy Inc, which rose 24.80 percent,
while the largest percentage decliner was Civeo Corp, down 49.59 percent.
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InvestorPlace
Besides Ford, the most active shares on the NYSE included Brazil's Petrobras , down 10.69 percent to $14.70.
GlobeNewswire
Marketwire
"Seasonally, we're entering perhaps a favorable period for the equity market," Hellwig added.
On the Nasdaq, Tibco Software Inc , up 21.2 percent at $23.65; Apple Inc, down 0.6 percent at $100.11, and Zynga
Inc, down 1.4 percent at $2.79, were among the most actively traded.
Declining issues outnumbered advancing ones on the NYSE by 1,801 to 1,271, for a 1.42-to-1 ratio on the
downside. On the Nasdaq, 1,502 issues fell and 1,183 advanced for a 1.27-to-1 ratio favoring decliners.
The benchmark S&P 500 index posted 13 new 52-week highs and 12 new lows. The Nasdaq Composite recorded
40 new highs and 129 new lows.
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1/2
9/30/2014
$94.67
-2.53
-2.67%
2014.09.30 end-of-day
$91.16
-3.41
-3.74%
2014.09.30 end-of-day
Co mmo dities
Crud e Oil
91.16
-3.74%
Na tura l G a s
4.12
-0.80%
G a soline
2.59
-4.23%
He a ting Oil
2.65
-2.15%
G old
1210.50
-0.58%
Silve r
17.01
-3.00%
Cop p e r
3.01
-1.58%
2014.09.30 end-of-day
Price
Change
2014.09.30 - $ 91.16
-3.41 -3.74%
1 Year Forecast
$104 / Barrel
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The Dow Jones Industrial Average (DJI) tumbled 238 points, or 1.4%,
to 16804, the S&P 500 (GSPC) lost 26.1 points, or 1.32%, to 1946,
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and the Nasdaq Composite (IXIC) fell 71.3 points, or 1.59%, to 4422.
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$94.16
-0.51
-0.54%
2014.10.01 end-of-day
$90.73
-0.43
-0.47%
2014.10.01 end-of-day
Co mmo dities
Crud e Oil
90.73
-0.47%
Na tura l G a s
4.02
-2.44%
G a soline
2.45
+0.51%
He a ting Oil
2.66
+0.19%
G old
1214.60
+0.34%
Silve r
17.21
+1.19%
Cop p e r
3.03
+0.92%
2014.10.01 end-of-day
Price
Change
2014.10.01 - $ 90.73
-0.43 -0.47%
1 Year Forecast
$104 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
10/3/2014
$93.42
-0.74
-0.79%
2014.10.02 end-of-day
Co mmo dities
Crud e Oil
91.01
+0.31%
Na tura l G a s
3.93
-2.31%
G a soline
2.41
-1.69%
He a ting Oil
2.64
-0.67%
G old
1214.20
-0.03%
Silve r
17.00
-1.23%
Cop p e r
3.00
-1.23%
2014.10.02 end-of-day
Price
Change
2014.10.02 - $ 91.01
0.28 0.31%
1 Year Forecast
$104 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Brent%20Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/1
10/4/2014
$92.31
-1.11
-1.20%
2014.10.03 end-of-day
$89.74
-1.27
-1.42%
2014.10.03 end-of-day
Co mmo dities
Crud e Oil
89.74
-1.42%
Na tura l G a s
4.04
+2.65%
G a soline
2.38
-1.29%
He a ting Oil
2.62
-0.83%
G old
1192.20
-1.85%
Silve r
16.78
-1.32%
Cop p e r
2.99
2014.10.03 end-of-day
Price
Change
2014.10.03 - $ 89.74
-1.27 -1.42%
1 Year Forecast
$103 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
10/7/2014
Business Markets
Published: October 7, 2014 16:50 IST | Updated: October 7, 2014 21:44 IST
Stock indices fell sharply ahead of the announcement of second quarter financial results by corporates as buying
interest by foreign institutional investors (FIIs) had vanished.
However, the rupee closed at 61.43 a dollar compared to 61.61 on Wednesday, the last trading day. The rupee
strengthened to 61.30 intra-day.
The Bombay Stock Exchange (BSE) 30-share Sensitive Index (Sensex) closed at 26271.97 with a loss of 296.02 points
or 1.11 per cent.
All sectoral indices ended in the red. Metal stocks lost the most with 2.65 per cent, followed by healthcare 1.85 per cent.
On the National Stock Exchange (NSE) the 50-share Nifty closed at 7852.40 with a loss of 93.15 points or 1.17 per cent.
After a long weekend, the equity benchmarks were seen resuming the declining bias on Tuesday and lost more than a
percent in the end, said Jayant Manglik, President-retail distribution, Religare Securities Limited.
Though the Nifty index started with flat tone but selling pressure in metal and capital good counters gradually pushed
it below 7900 mark. Weakness in global markets and lack of buying interest from FIIs were the main reason for the
decline, said Mr. Manglik.
Keywords: Stock market, BSE, Nifty, Capital outflow, Retail investors, Capital market
Printable version | Oct 7, 2014 11:36:49 PM | http://www.thehindu.com/business/markets/sensex-tumbles-to2month-low-down-296-points/article6478471.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-tumbles-to-2month-low-down-296-points/article6478471.ece?css=print
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Global stocks lower after Wall Street edges down, World Bank cuts Asian growth forecast | Fox Business
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Street edged down and the World Bank trimmed its Asian growth
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Global stocks lower after Wall Street edges down, World Bank cuts Asian growth forecast | Fox Business
WORLD BANK: The World Bank trimmed its growth forecast for
developing East Asian economies to 6.9 percent from an outlook of
7.1 percent in April. The bank said China, the region's biggest
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Could you get your
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Wall Street saw sharp losses Tuesday, with the Dow posting its
Share
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HLF
45.68
HERBALIFE LT...
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MON
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informed of August
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16719, the S&P 500 dropped 29.7 points, or 1.5%, to 1935, and the
Nasdaq Composite fell 69.6 points, or 1.6%, to 4385.
Company
AA
15.95
ALCOA INC....
-0.04
GM
31.77
GENERAL MOTO...
-1.98
YUM
69.73
YUM BRANDS...
-1.65
eurozone. The IMF projected growth of 3.8% in 2015, down from its
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1/3
10/7/2014
Red Ink Returns on Wall Street Amid Global Jitters | Fox Business
AAPL
-0.87%
APPLE INC.
Oct 7
-2.89%
98.75
4:14 PM
Oct 7
BABA
-0.72%
ALIBABA GROUP...
Oct 7
BAC
-2.37%
14.10
4:00 PM
87.67
4:00 PM
Oct 7
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-1.63%
16.88
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24.81
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3/3
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MARKET NEWS: Stocks tumble on Europe worries; Dow drops 272 points | Check indexes
Oliver Renick
50 mins ago
U.S. stocks declined, with the Standard & Poors 500 Index slumping to a nine-week low,
as the International Monetary Fund cuts it growth forecast and warned of frothy
equities amid signs of slowing growth in Europe.
The S&P 500 sank 1.5 percent to 1,935.01 at 4 p.m. in New York to the lowest level since
Aug. 12. Todays slide was the biggest in almost three weeks. Selling accelerated in
afternoon trading as index futures contracts expiring in December slipped below 1,940, a
level where two previous declines had ended earlier today.
The Dow Jones Industrial Average lost 274.64 points, or 1.6 percent, to 16,717.27, the
biggest retreat since July 31. The Russell 2000 Index of small companies plunged 1.7
percent. The Chicago Board Options Exchange Volatility Index (VIX) jumped 13 percent to
17.43 today, the highest since March 14.
Its definitely a risk-off day with ugly European data and growth concerns and I think
were seeing some of that negative sentiment just getting ahead of itself here, Mark
Kepner, an equity trader at Chatham, New Jersey-based Themis Trading LLC, said by
phone.
Treasuries rose, with yields on 10-year notes falling to the lowest since Aug. 29, and gold
advanced a second day.
The IMF cut its outlook for global growth in 2015 and warned about the risks of rising
geopolitical tensions and a financial-market correction as stocks reach frothy levels.
http://www.msn.com/en-us/money/markets/sandp-500-falls-to-nine-week-low-on-global-growth-concern/ar-BB7ZJ6D
1/4
10/7/2014
IMF Outlook
The S&P 500 fell yesterday for the first time in three days as small-cap shares resumed a
selloff. The index has fallen 3.8 percent from a record reached Sept. 18 as the Federal
Reserve remains on track to end bond purchases this month. The gauge is up 4.7 percent
this year and has not slid more than 10 percent in three years. The Dows decline today
trimmed its gain in 2014 to 0.9 percent.
According to the IMF report, a sustained period of policy interest rates near zero in
advanced economies has raised the risk that some financial markets may be overheating.
The IMF warning comes three months after the Fed said prices were stretched in some
small-cap and biotechnology shares. Since then, the Nasdaq Biotechnology Index has
rallied 6.6 percent, while the Russell 2000 has fallen 6 percent.
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said today at the
Fortunes Most Powerful Women Summit that stocks are now in a zone of
reasonableness.
Data today showed German industrial production fell the most since 2009, underscoring
the risk of slowdown in the regions largest economy as concern grows that the European
Central Banks stimulus wont be enough to boost inflation and revive the economy.
Not Perfect
A combination of not-perfect economic data and some geopolitical risk has put doubt in
some investors minds and that brings some volatility, Dan Curtin, the Boston-based
global investment specialist at JP Morgan Private Bank, said in a phone interview. The
dollar surge, Hong Kong protests, Ebola scare and weakening oil prices, somewhere
circled together in those things is the root of this recent pullback.
In Spain health officials isolated two people to see if theyre infected with Ebola after a
Madrid nursing assistant became the first person outside Africa to be diagnosed with the
viral illness.
The Bloomberg Dollar Spot Index, which tracks the greenback against 10 major
currencies, rallied for seven weeks and closed at a four-year high on Oct. 3 as investors
speculated on the timing of an interest-rate increase by the Fed. West Texas Intermediate
oil fell below $90 a barrel last week for the first time in 17 months.
http://www.msn.com/en-us/money/markets/sandp-500-falls-to-nine-week-low-on-global-growth-concern/ar-BB7ZJ6D
2/4
10/7/2014
Meat, Potatoes
Investors will turn to corporate reports for clues on the strength of the U.S. economy,
with Alcoa Inc. unofficially starting the earnings season after tomorrows close. Profit at
companies in the S&P 500 (SPX) rose 4.9 percent in the July-September period, according
to the average estimate of analysts in a Bloomberg survey.
We dont have earnings data to drive us yet this week and lets face it, thats the meat
and potatoes of the market, Karyn Cavanaugh, the New York-based senior market
strategist at Voya Investment Management LLC, said in a phone interview.
The Federal Open Market Committee will release minutes from its Sept. 16-17 meeting
tomorrow. Investors have been concerned the central bank may raise interest rates
sooner than anticipated as the U.S. economy gains strength. Forecasts for the Fed to raise
interest rates in mid-2015 are reasonable as policy makers wait for unemployment to
fall further and inflation to rise, New York Fed President William C. Dudley said today.
It still is premature to begin to raise interest rates, Dudley said today in a speech in
Troy, New York. The labor market still has too much slack and the inflation rate is too
low.
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3/4
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4/4
10/7/2014
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In this Oct. 2, 2014 photo, the statue of George Washington on the steps of Federal Hall faces the facade
of the New York Stock Exchange, in New York. U.S. stocks opened higher Monday, Oct. 6, 2014, as
investors assessed corporate news. (AP Photo/Richard Drew)
Associated Press
+ More
NEW YORK (AP) U.S. stocks are closing slightly lower, giving up an early gain.
Tax preparer H&R Block slumped 6 percent after the company said that its attempt to sell a banking unit
was getting bogged down.
Hewlett-Packard rose 5 percent after announcing that it is splitting itself in two.
The Dow Jones industrial average fell 17 points, or 0.1 percent, to 16,991 Monday.
The Standard and Poor's 500 index fell three points, or 0.2 percent, to 1,964. The Nasdaq composite fell
20 points, or 0.5 percent, to 4,454.
U.S. government bond prices rose. The yield on the 10-year Treasury note fell to 2.42 percent.
http://www.usnews.com/news/business/articles/2014/10/06/stocks-edge-lower-h-r-block-sinks
1/2
10/7/2014
Copyright 2014 The Associated Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
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2/2
10/8/2014
$92.11
-0.68
-0.74%
2014.10.07 end-of-day
$88.85
-1.49
-1.68%
2014.10.07 end-of-day
Co mmo dities
Crud e Oil
88.85
-1.68%
Na tura l G a s
3.96
+1.49%
G a soline
2.37
-1.90%
He a ting Oil
2.61
-0.54%
G old
1211.70
+0.41%
Silve r
17.19
+0.06%
Cop p e r
3.03
2014.10.07 end-of-day
Price
Change
2014.10.07 - $ 88.85
-1.49 -1.68%
1 Year Forecast
$102 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
10/9/2014
Volatility Continues on Wall Street, Dow Sheds More Than 300 Points | Fox Business
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Down Debt
As of 1:08 p.m. ET, the Dow Jones Industrial Average shed 306
points, or 1.8%, to 16687, the S&P 500 dropped 37.1 points, or
1.9%, to 1931, and the Nasdaq Composite fell 82.8 points, or 1.9%,
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272 points as
evidence of a global
to 4385.
PEP
93.57
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-0.37
AA
15.39
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-0.68
slowdown mounts;
SodaStream
plunges
Dow lost 272 points amid jitters over economic growth in Europe and
elsewhere. The market bounced back a day later, with the Dow
posting its biggest gain of the year, when the Federal Reserve
indicated it would take global struggles into account when setting a
timeline to raise interest rates.
Mortgage
stocks.
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1/3
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Volatility Continues on Wall Street, Dow Sheds More Than 300 Points | Fox Business
What's this?
their lowest level since before the recession. New claims for
AAPL
+0.22%
APPLE INC.
Oct 9
-2.60%
Oct 9
BABA
+0.55%
ALIBABA GROUP...
Oct 9
BAC
-3.10%
BANK OF AMERI...
Oct 9
-1.39%
AT&T INC.
Oct 9
101.02
4:00 PM
13.84
4:01 PM
88.79
4:00 PM
16.59
4:00 PM
34.66
4:00 PM
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Oil Prices Dip Below $90 for First Time in Two Years | Fox Business
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Angry man reacts to
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Global oil prices dipped below $90 a barrel for the first time in more
than two years Thursday as investors saw new signs that global
supplies will continue to surpass demand.
Share
Seattle School
Board votes to
rename Columbus
Day to Indigenous
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Both Brent, the global benchmark, and the U.S. standard are trading
more than 20% below a recent high, meeting the definition of a bear
market. Prices have slumped for nearly four months as global
supplies remain ample.
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said Andy Lebow, senior vice president for energy at Jefferies LLC. "I
think today was a continuation."
Dave Says Pay
Down That
Mortgage
barrel on ICE Futures Europe, the lowest price since June 21, 2012.
Another sharp drop
In the U.S., light sweet crude for November delivery fell $1.54, or
in US indexes, a day
1.8%, to $85.77 a barrel, the lowest level since Dec. 10, 2012.
Both contracts fell about 60 cents lower in the 30 minutes after the
market closed.
illegal aliens?
What's this?
The U.S. Energy Information Administration cut its own forecasts for
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"Bottom line, the demand is just not keeping up with supply," said
Tariq Zahir, managing member of Tyche Capital Advisors. "I think we
will continue to go lower."
Mr. Zahir said prices could bounce higher as traders who bet on lower
prices lock in profits following the recent steep selloff. If they do, he will
add new wagers on falling prices, he added.
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Wall Stre
r et Caps the Week Off
f in the Red
By Anora
r Ma
M hmudova
v and Carl
r a Mo
M zee, Ma
M rk
r etWa
W tc
t h / Pub lished Octo
t b er 10, 2014 / Dow Jones News
w wi
w re
r s
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Lois Lerner
confronted oncamera by
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The Chinese
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E ail
Em
Aft
f er a sharp selloff
f in U.S. stocks on Friday the main benchmarks
record
r ed their deepest weekly declines in more than tw
t o ye
y ars
r .
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Share
The tech-heavy
v Nasdaq Composite (RIXF) dro
r pped 102 points, or
Boomer Retirees
Com m ents
GT to Cut Jobs,
ove
v r the week, its biggest weekly dro
r p since May 2012. The
Wind Down
Sapphire Plant
Unveils the D
Muslim hijabi
hipsters fuse
v latility
vo
t (a measure of fe
f ar in the markets) on concerns about slowing
global gro
r wt
w h. The widely watched CBOE VIX (VIX) a gauge of
wear
current fe
f ar in the market, surg
r ed 45% ove
v r the week and is at highest
leve
v l since February
r .
htt
t p://
//www.fo
foxbusiness.com/
m marke
k ts/2014/
4 10/
0 10/
0/wall-street-caps-we
w ekk of
off- in-red/
1/4
/
10/10/2014
Wall Street Caps the Week Off in the Red | Fox Business
"Bad economic data is now being viewed as bad and the dovish
What's this?
Data: The prices paid for imported goods fell 0.5% in September and
declined for the third straight month, another sign that U.S. inflationary
pressures remain muted. The main reason: falling worldwide oil
prices.
Internet stocks were hit hardest, with the Global X Social Media Index
ETF (SOCL) down 3.1%. Twitter, Inc (TWTR) fell 8.8%, while
Facebook, Inc (FB) lost 3.9%.
Tesla Motors Inc. (TSLA) late Thursday unveiled its latest Model S
car. But shares slid 7.8% .
Symantec Corp. (SYMC) shares slid 6.4%. The security-software
maker late Thursday said it plans to split into two publicly traded
companies.
Juniper Networks Inc. (JNPR) fell 9% after a late Thursday warning
that fiscal third-quarter revenue and adjusted earnings are likely to be
below its previous estimates.
AAPL
-0.29%
APPLE INC.
Oct 10
-0.36%
Oct 10
GE
-2.06%
GENERAL ELECT...
Oct 10
XOM
-0.24%
EXXONMOBIL CO...
Oct 10
BABA
-3.28%
ALIBABA GROUP...
Oct 10
100.73
4:00 PM
13.79
4:00 PM
24.27
4:00 PM
91.60
4:02 PM
85.88
4:00 PM
2/4
10/10/2014
Wall Street Caps the Week Off in the Red | Fox Business
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[What's This?]
S
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in midterm elections?
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10/11/2014
Stocks close out worst week since May 2012 - The Frederick News-Post : Associated Press
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The Dow Jones industrial average recorded its biggest gain of the year on Wednesday. The next day, it plunged
334 points, its steepest decline this year.
A lot of investors are trying to come to grips with the pickup in volatility weve suddenly seen during this week,
said David Kelly, chief global strategist for JPMorgan Funds.
The major stock indexes were down in premarket trading Friday.
The slide in semiconductor stocks dragged down the tech-heavy Nasdaq composite index, keeping it in the red
all day.
The other indexes flirted with small gains throughout the day, but the course didnt hold. They ended lower for
the fourth time in five days.
Lyra Concert
Sat, Oct 11, 7:00 pm EDT
Grace Episcopal Church, Brunswick
All told, the Dow Jones industrial average lost 115.15, or 0.7 percent, to 16,554.10. The Standard & Poors 500
index shed 22.08, or 1.2 percent, to 1,906.13.
All three indexes ended lower for the week. For the S&P 500, this was the worst weekly decline since May 18,
2012, when it fell 4.3 percent.
http://www.fredericknewspost.com/public/associated_press/stocks-close-out-worst-week-since-may/article_3a627784-334f-59eb-b4d7-35cd3c5623b2.html
1/4
10/11/2014
Stocks close out worst week since May 2012 - The Frederick News-Post : Associated Press
Negative economic news and a slide in oil prices contributed to the uneasiness on Wall Street this week,
market watchers said.
Germany, which has been the economic powerhouse for Europe, reported on Thursday its biggest monthly drop
in exports in five years. In addition, the International Monetary Fund downgraded its outlook for global economic
growth.
Meanwhile, some traders are interpreting the decline in oil prices as further indication that growth is slowing.
You put those three factors together and it has investors nervous at the health of the world economy, said Jeff
Kravetz, regional investment director at U.S. Bank Wealth Management.
The volatility in the market this week also came at a time of relatively light corporate news in the U.S. That
changes next week, when a slew of major companies begin to report their latest quarterly results.
Marketplace
Third-quarter earnings season should be pretty reassuring, and I wouldnt be surprised to see money go back
into various stocks as companies surprise to the upside, which is what I expect them to do, Kelly said.
Danny Rohrers
Meats...
Boonsboro, MD
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Eight of the 10 sectors in the S&P 500 fell, led by technology stocks. Utilities and consumer staples bucked the
trend.
1
The yield on the 10-year Treasury note slipped to 2.29 percent from 2.31 percent late Thursday.
The price of oil steadied but remained down 4 percent for the week on plentiful global supplies and weak
demand.
2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Stocks close out worst week since May 2012
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2014 2:00 am. | Tags:
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preliminary calculations, the Dow Jones Industrial Average shed 223
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3/3
10/14/2014
$88.89
-1.32
-1.48%
2014.10.13 end-of-day
$85.74
-0.08
-0.09%
2014.10.13 end-of-day
Co mmo dities
Crud e Oil
85.74
-0.09%
Na tura l G a s
3.92
+1.46%
G a soline
2.26
He a ting Oil
2.56
G old
1229.30
+0.68%
Silve r
17.29
+0.24%
Cop p e r
3.04
2014.10.14 end-of-day
Price
Change
2014.10.14 - $ 85.74
-0.08 -0.09%
1 Year Forecast
$98 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
10/14/2014
$85.04
-3.85
-4.53%
2014.10.14 end-of-day
$81.84
-3.90
-4.77%
2014.10.14 end-of-day
Co mmo dities
Crud e Oil
81.84
-4.77%
Na tura l G a s
3.82
-2.62%
G a soline
2.18
-3.44%
He a ting Oil
2.47
-3.42%
G old
1233.60
+0.35%
Silve r
17.35
+0.34%
Cop p e r
3.08
+1.57%
2014.10.14 end-of-day
Price
Change
2014.10.14 - $ 81.84
-3.90 -4.77%
1 Year Forecast
$94 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
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a
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10/15/2014
U.S. Budget Deficit
Shrinks to 2008 Level
In the wake of the steep selloff, the CBOEs volatility index reached its
What's this?
highest level since December 2011. Traders piled into the safe-haven
of U.S. Treasury bonds, pushing the yield on the 10-year note below
2% for the first time in 16 months.
The Commerce Department said retail sales fell 0.3% in September
compared to the prior month, marking the first negative reading since
January. Economists were looking for a 0.1% decline.
0.1% last month versus August. It was the first decline in more than a
year.
Fears over the spread of the Ebola virus, which has killed over 4,000
people in Africa, are also casting a shadow over the market. The
Centers for Disease Control and Prevention said a second nurse who
treated the first case of Ebola in the U.S. tested positive and recently
traveled on a flight from Cleveland to Dallas.
On the corporate front, Bank of America (BAC) shares slipped 4.6%
after reporting a much smaller third-quarter profit. The results included
legal costs tied to a $16.7 billion settlement with the Department of
Justice. The nations No. 2 bank also reported lower-than-expected
revenue.
AAPL
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15.76
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24.28
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$83.78
-1.26
-1.50%
2014.10.15 end-of-day
$81.78
-0.06
-0.07%
2014.10.15 end-of-day
Co mmo dities
Crud e Oil
81.78
-0.07%
Na tura l G a s
3.80
-0.42%
G a soline
2.15
-1.47%
He a ting Oil
2.46
-0.55%
G old
1244.10
+0.84%
Silve r
17.42
+0.36%
Cop p e r
3.00
-2.68%
2014.10.15 end-of-day
Price
Change
2014.10.15 - $ 81.78
-0.06 -0.07%
1 Year Forecast
$94 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
10/16/2014
Business Markets
Published: October 16, 2014 16:51 IST | Updated: October 16, 2014 17:12 IST
The benchmark Sensex on Thursday sunk 350 points to end below the 26,000-mark after a gap of two months on
heavy bout of selling in the second half, tracking turbulence in Europe due to global growth worries.
Besides, the rupee depreciated against the dollar to 61.90 (intra-day) on fears of capital outflows and trade deficit
widening to a 18-month high in September.
The Sensex, which had lost 34.74 points on Tuesday, nosedived by 349.99 points, or 1.33 per cent, to end at 25,999.34,
its weakest closing since August 13.
http://www.thehindu.com/business/markets/global-selloff-sensex-plunges-350-points-to-end-below-26k-mark/article6507010.ece?css=print
1/2
10/16/2014
Intra-day, the 30-share index touched days high of 26,462.08 on continued weakness in global crude price and exit
polls showing the BJP is gaining in Maharashtra and Haryana polls. However, a late sell-off in line with global
markets, pulled it down to hit a low of 25,933.98.
All the BSE sectoral indices led by consumer durables, power and metal finally ended in the negative zone racking up
losses of up to 4.25 per cent. Just four stocks ended in green in the Sensex while 26 counters fell.
On similar lines, the broad-based Nifty of the National Stock Exchange cracked the 7,800-mark by falling 115.80
points, or 1.47 per cent, to close at 7,748.20. The gauge moved between 7,893.90 and 7,729.65.
Overall, more than 2,100 stocks closed down while about 750 shares ended higher on the BSE.
Negative global cues and weak macro-economic data pushed the benchmark indices deep in red, said Jayant
Manglik, President-retail distribution, Religare Securities.
Major Sensex losers include RIL, Mahindra and Mahindra, L&T, Infosys, ICICI Bank, SBI, ONGC, HDFC Ltd, HDFC
Bank, Dr Reddys, Bharti Airtel and Tata Power.
European stock markets tumbled over 2 per cent after poor US data raised concerns that the US economy while
continued eurozones woes and Chinas slowdown weighed on sentiment.
Stocks of Bajaj Auto fell 1.72 per cent after the firm reported 29 per cent drop in net profit for September quarter.
In the metal space, Hindalco suffered the most by tumbling over 5.4 per cent, followed by Sesa Sterlite by 4 per cent
and Tata Steel down 3.57 per cent.
Sectorwise, BSE Consumer Durables index suffered the most by falling 4.10 per cent, followed by Power index by 2.94
per cent. Metal index plunged 2.51 per cent and Capital Goods index 2.23 per cent also fell sharply.
Keywords: sensex, BSE, NSE, Nifty, Indian stock market, closing trade
Printable version | Oct 16, 2014 8:32:57 PM | http://www.thehindu.com/business/markets/global-selloff-sensexplunges-350-points-to-end-below-26k-mark/article6507010.ece
The Hindu
http://www.thehindu.com/business/markets/global-selloff-sensex-plunges-350-points-to-end-below-26k-mark/article6507010.ece?css=print
2/2
10/23/2014
$84.71
-1.51
-1.78%
2014.10.22 end-of-day
$80.52
-1.97
-2.45%
2014.10.22 end-of-day
Co mmo dities
Crud e Oil
80.52
-2.45%
Na tura l G a s
3.66
-1.42%
G a soline
2.16
-2.68%
He a ting Oil
2.47
-1.61%
G old
1244.80
-0.50%
Silve r
17.19
-1.85%
Cop p e r
3.02
-0.28%
2014.10.22 end-of-day
Price
Change
2014.10.22 - $ 80.52
-1.97 -2.45%
1 Year Forecast
$92 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
10/27/2014
U.S. Oil Dives Below $80 After Goldman Cuts Price Forecasts | Fox Business
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U.S. oil prices briefly tumbled to a 28-month low below $80 per barrel
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The sharp slide in both Brent and U.S. crude also triggered a flurry of
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driver of profitability
But the bounce failed to completely erase losses that came after
Goldman Sachs cut its forecast for Brent to $85 a barrel from $100 for
the first quarter of 2015 and reduced its projection for U.S. crude to
$75 from $90, making it the most bearish bank on Wall Street.
U.S. crude for December fell to $79.44 per barrel, its lowest level
since June 2012, before paring losses to trade down 34 cents at
$80.65 by 1649 GMT.
Hilsenrath: Supply and
demand behind lower oil
Brent for December fell to a low of $84.55 but also partially recovered
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10/27/2014
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U.S. Oil Dives Below $80 After Goldman Cuts Price Forecasts | Fox Business
"The main driver today has been the Goldman Sachs report, we are
Capital Advisors.
Market Stream
Other analysts also said the overall outlook for crude prices was still
gloomy.
The Ifo, a key index of German business sentiment fell to its lowest
level in two years on Monday, adding to concerns about weak
demand and the risk Europe could slip into recession.
Meanwhile a senior Iranian oil official said the Organization of the
Petroleum Exporting Countries (OPEC) was unlikely to reduce its
production ceiling when it meets in November, according to Shana,
Iran's oil ministry news agency.
"I still think we are shooting down to $75 in WTI, fundamentally it looks
like we are flush with supply and no geo-political news has changed
the market direction," said Phillip Streible, senior market strategist at
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93.47
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2/4
10/27/2014
U.S. Oil Dives Below $80 After Goldman Cuts Price Forecasts | Fox Business
Yemen resumed exports from its main oil pipeline on Saturday, a day
after an attack by tribesmen temporarily halted flows, industry sources
said.
(By Nia Williams; Additional reporting by Christopher Johnson in
London and Osamu Tsukimori in Tokyo; Editing by Marguerita Choy
and Gunna Dickson)
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Data as of 1:41:00pm ET
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DJIA
-7.45
16,797.96
S&P 500
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1,961.27
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4/4
10/27/2014
$86.13
-0.70
-0.81%
2014.10.26 end-of-day
$81.01
-1.08
-1.33%
2014.10.26 end-of-day
Co mmo dities
Crud e Oil
81.01
-1.33%
Na tura l G a s
3.62
G a soline
2.18
-1.16%
He a ting Oil
2.48
-0.69%
G old
1231.20
+0.22%
Silve r
17.14
+0.13%
Cop p e r
3.05
2014.10.26 end-of-day
Price
Change
2014.10.26 - $ 81.01
-1.08 -1.33%
1 Year Forecast
$93 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
11/3/2014
$84.78
-1.08
-1.27%
2014.11.03 end-of-day
$78.78
-1.76
-2.23%
2014.11.03 end-of-day
Co mmo dities
Crud e Oil
78.78
-2.23%
Na tura l G a s
4.05
+4.28%
G a soline
2.12
-1.43%
He a ting Oil
2.49
-0.84%
G old
1169.40
-0.15%
Silve r
16.17
+0.61%
Cop p e r
3.08
+0.60%
2014.11.03 end-of-day
Price
Change
2014.11.03 - $ 78.78
-1.76 -2.23%
1 Year Forecast
$90 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
11/5/2014
$82.82
-1.96
-2.37%
2014.11.04 end-of-day
$77.19
-1.59
-2.06%
2014.11.04 end-of-day
Co mmo dities
Crud e Oil
77.19
-2.06%
Na tura l G a s
4.13
+2.01%
G a soline
2.08
-1.91%
He a ting Oil
2.44
-1.93%
G old
1167.40
-0.17%
Silve r
15.93
-1.56%
Cop p e r
3.03
-1.52%
2014.11.04 end-of-day
Price
Change
2014.11.04 - $ 77.19
-1.59 -2.06%
1 Year Forecast
$88 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
11/6/2014
$82.86
-0.09
-0.11%
2014.11.06 end-of-day
$77.91
-0.77
-0.99%
2014.11.06 end-of-day
Co mmo dities
Crud e Oil
77.91
-0.99%
Na tura l G a s
4.40
+4.77%
G a soline
2.13
+2.04%
He a ting Oil
2.46
+0.81%
G old
1142.30
-0.27%
Silve r
15.39
-0.17%
Cop p e r
3.03
+0.26%
2014.11.06 end-of-day
Price
Change
2014.11.06 - $ 77.91
-0.77 -0.99%
1 Year Forecast
$89 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
11/9/2014
Crude Hits Longest Weekly Losing Streak Since '98 | Fox Business
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U.S. crude climbed less than a dollar on Friday but finished down
more than 2 percent for the week, marking the first time the
benchmark has fallen for six straight weeks since December 1998.
Share
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down. The last time Brent fell for seven straight weeks ended in
November 2002. The benchmark hit a four-year intraday low of
$81.63 on Wednesday, down from a high above $115 in June. U.S.
crude settled up 74 cents per barrel for the day at $78.65.
The dollar helped drive both the daily gains and the weekly losses, as
Friday it retreated from its strongest level against a basket of foreign
currencies in over four years. A strong dollar stunts the price of dollardenominated oil benchmarks.
Neil: President
end to the lull in violence between the two countries. Renewed fighting
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to the American
in the region could disrupt oil flows, throttle supply, and drive
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"There's not been a single supply disruption from the Ukraine situation
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in the past four, five months, though this time around it remains to be
seen," said Tariq Zahir of Tyche Capital Advisors.
Look to Pipelines,
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http://www.foxbusiness.com/markets/2014/11/07/crude-hits-longest-weekly-losing-streak-since-8/
1/3
11/9/2014
Crude Hits Longest Weekly Losing Streak Since '98 | Fox Business
Frigid forecasts for the U.S. Midwest driven by a polar vortex in the
What's this?
next two weeks boosted the market for heating oil, indirectly boosting
demand.
But OPEC Secretary-General Abdullah al-Badri said the 12-member
cartel, which pumps a third of the world's oil, was not panicking and
thought prices would recover next year.
BABA
ALIBABA GROUP...
"I think the price will rebound by the second half of next year. But I
don't know by how much. This situation of low prices cannot continue,"
Badri said after announcing the publication of the group's 2014 World
Oil Outlook.
OPEC ministers will meet in Vienna on Nov. 27 to discuss how to
react to falling oil prices and could decide to trim production.
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Money managers cut their net long U.S. crude futures and options
positions by 16,075 contracts to 158,182 in the week to Nov. 4,
according to weekly data released by the U.S. Commodity Futures
Trading Commission on Friday. (Additional reporting by Christopher
Johnson in London and Keith Wallis in Singapore; Editing by
Marguerita Choy and Lisa Shumaker)
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http://www.foxbusiness.com/markets/2014/11/07/crude-hits-longest-weekly-losing-streak-since-8/
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11/9/2014
Crude Hits Longest Weekly Losing Streak Since '98 | Fox Business
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http://www.foxbusiness.com/markets/2014/11/07/crude-hits-longest-weekly-losing-streak-since-8/
3/3
11/10/2014
$82.34
-1.05
-1.28%
2014.11.10 end-of-day
$77.40
-1.25
-1.61%
2014.11.10 end-of-day
Co mmo dities
Crud e Oil
77.40
-1.61%
Na tura l G a s
4.26
-3.69%
G a soline
2.10
-1.62%
He a ting Oil
2.47
-1.22%
G old
1159.60
-0.86%
Silve r
15.66
-0.27%
Cop p e r
3.03
-0.83%
2014.11.10 end-of-day
Price
Change
2014.11.10 - $ 77.40
-1.25 -1.61%
1 Year Forecast
$89 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
11/12/2014
$80.38
-1.29
-1.60%
2014.11.12 end-of-day
$77.18
-0.76
-0.98%
2014.11.12 end-of-day
Co mmo dities
Crud e Oil
77.18
-0.98%
Na tura l G a s
4.18
-1.48%
G a soline
2.11
He a ting Oil
2.45
-0.89%
G old
1158.90
-0.34%
Silve r
15.62
-0.29%
Cop p e r
3.03
-0.23%
2014.11.12 end-of-day
Price
Change
2014.11.12 - $ 77.18
-0.76 -0.98%
1 Year Forecast
$88 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
11/13/2014
Oil slumps to four-year low as Brent crashes below $80 a barrel | Reuters
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The
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My Wire compounded
decline
A dozen w om en died
a ft er u n der g oin g
st er ilisa t ion su r g er y a t
a fa m ily -pla n n in g
"ca m p" in
Ch h a t t isg a r h .
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http://in.reuters.com/article/2014/11/13/markets-oil-idINKCN0IX2FZ20141113
Fu l l A r t i cl e | Rel a t ed St or y
Modi In Control
In sig h t - W it h n ew t ea m in
pla ce, Modi t ig h t en s g r ip on
pow er . Fu l l A r t i cl e
1/3
11/13/2014
Oil slumps to four-year low as Brent crashes below $80 a barrel | Reuters
Sterilisation Deaths
Some market analysts think U.S. crude is on course to break below $70 a barrel.
"Certainly, $70 seems to be the next major target to take out," said Andy Lipow, president of
Lipow Oil Associates in Texas. "There is little in the way of market bears clawing toward
that."
T a in t ed dr u g s su spect ed in
st er ilisa t ion su r g er y dea t h s
Fu l l A r t i cl e
Brent Slumps
Oil fa lls t o fou r -y ea r low
below $8 0 , a w a it s OPEC.
Fu l l A r t i cl e
The losses came after the U.S. government's Energy Information Administration said stocks
at the Cushing, Oklahoma, delivery hub for U.S. crude futures rose 1.7 million barrels for
Company Results
the week ended Nov. 7. Gasoline stocks surged 1.8 million barrels.
Some thought the selloff was overdone as the market appeared to have overlooked an
overall drop of 1.7 million barrels in crude inventories. There was also a 2.8 million-barrel
draw in distillate stocks, which included heating oil, and a spike in refinery utilization.
"To me, the markets reaction confirms just how bearish sentiment is. Even with decent
Fu l l A r t i cl e | Rel a t ed St or y
Gold Demand
Gold cu r bs st ill possible a ft er
in con clu siv e policy m eet in g .
numbers like these, the market cant rally, said Kyle Cooper, managing director at energy
consultancy IAF Advisors in Houston.
Fu l l A r t i cl e | Rel a t ed St or y
OPEC members meet in Vienna on Nov. 27, when they will consider how to respond to the
DLF Earnings
price slump over the past five months. Some have said they want a cut in output.
Qatar expects to lower oil output to about 500,000 bpd by the end of November from
650,000 bpd at the end of October and from 800,000 a month before that, an industry
source familiar with the matter said.
But top oil exporter and OPEC's most powerful member, Saudi Arabia, has refrained from
backing a cut, prompting speculation that it is more concerned with keeping market share
than supporting prices.
"We do not set the oil price. The market sets the prices," Saudi Oil Minister Ali al-Naimi said
Australia Visit
Dia spor a ey es Modi boost t o
In dia -A u st r a lia t ies
Fu l l A r t i cl e
on Wednesday.
Reuters India Mobile
(Additional reporting by Christopher Johnson in London and Jacob Gronholt-Pedersen in
Singapore; Editing by Marguerita Choy and Jessica Resnick-Ault)
Get t h e la t est n ew s on t h e g o.
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2/3
11/13/2014
$77.92
-2.46
-3.16%
2014.11.13 end-of-day
$74.21
-2.97
-4.00%
2014.11.13 end-of-day
Co mmo dities
Crud e Oil
74.21
-4.00%
Na tura l G a s
3.98
-5.23%
G a soline
2.00
-5.27%
He a ting Oil
2.36
-3.59%
G old
1161.10
+0.19%
Silve r
15.62
Cop p e r
3.00
-1.17%
2014.11.13 end-of-day
Price
Change
2014.11.13 - $ 74.21
-2.97 -4.00%
1 Year Forecast
$85 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
11/19/2014
$78.47
-0.84
-1.07%
2014.11.18 end-of-day
$74.61
-1.03
-1.38%
2014.11.18 end-of-day
Co mmo dities
Crud e Oil
74.61
-1.38%
Na tura l G a s
4.24
-2.29%
G a soline
2.04
+0.83%
He a ting Oil
2.38
-0.95%
G old
1196.70
+1.14%
Silve r
16.17
+0.72%
Cop p e r
3.01
-1.28%
2014.11.18 end-of-day
Price
Change
2014.11.18 - $ 74.61
-1.03 -1.38%
1 Year Forecast
$85 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
11/25/2014
$78.33
-1.35
-1.72%
2014.11.25 end-of-day
$74.09
-1.69
-2.28%
2014.11.25 end-of-day
Co mmo dities
Crud e Oil
74.09
-2.28%
Na tura l G a s
4.28
+3.06%
G a soline
2.03
He a ting Oil
2.39
G old
1197.10
+0.13%
Silve r
16.55
+1.07%
Cop p e r
2.96
-1.45%
2014.11.25 end-of-day
Price
Change
2014.11.25 - $ 74.09
-1.69 -2.28%
1 Year Forecast
$85 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
11/28/2014
$77.75
-0.58
-0.75%
2014.11.27 end-of-day
$73.69
-0.40
-0.54%
2014.11.27 end-of-day
Co mmo dities
Crud e Oil
73.69
-0.54%
Na tura l G a s
4.36
-1.10%
G a soline
2.04
He a ting Oil
2.40
G old
1196.60
-0.04%
Silve r
16.55
Cop p e r
2.96
2014.11.27 end-of-day
Price
Change
2014.11.27 - $ 73.69
-0.40 -0.54%
1 Year Forecast
$84 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
11/28/2014
Oil prices keep plummeting as OPEC starts a price war with the US - Vox
@bradplumer brad@vox.com
An oil rig south of town extracts crude on July 21, 2008 in Taft, California.
David McNew/Getty Images
Oil prices have been dropping sharply over the past three months
a huge energy story with major repercussions for dozens of
countries, from the United States to Russia to Iran.
1/12
11/28/2014
Oil prices keep plummeting as OPEC starts a price war with the US - Vox
http://www.washingtonpost.com/blogs/wonkblog/wp/2014/11/
weeks-opec-meeting-is-the-most-important-in-years/) that
OPEC countries might cut back on their own oil production in order
to prop up prices. But in the end, the cartel couldn't agree on how to
respond and did nothing.
Oil prices promptly nosedived, with the price of Brent crude now
(NASDAQ ( http://www.nasdaq.com/markets/crude-oil-brent.aspx?timeframe=10y))
2/12
11/28/2014
Oil prices keep plummeting as OPEC starts a price war with the US - Vox
in the United States. The cartel will let prices keep falling in the
hopes that many of the newest drilling projects in the US will prove
unprofitable and shut down.
This is a risky stand-o for OPEC, as many of its member countries
require high oil prices to balance their budgets. Iran, for one, is facing
a real pinch. It's also a sign that OPEC's influence over global oil
markets may be waning.
Below is a basic overview of how we got to this point and what
this oil price war means for the rest of the world.
Photo taken August 21, 2013 shows a pumpjack (also known as a Nodding Donkey) near Tioga,
North Dakota. (Karen Bleier/AFP/Getty Images)
3/12
11/28/2014
Oil prices keep plummeting as OPEC starts a price war with the US - Vox
http://www.vox.com/xpress/2014/11/17/7236379/theunited-states-hasnt-produced-this-much-oil-since-1986)
about 4 million new barrels of crude oil per day to the global market
since 2008. (Global production is about 75 million barrels per day,
so this is a significant number.)
4/12
11/28/2014
Oil prices keep plummeting as OPEC starts a price war with the US - Vox
http://www.eia.gov/todayinenergy/detail.cfm?id=18311).
Libya's oil industry began pumping out lots of crude again. And even
more significantly, oil demand in Asia and Europe has been
weakening (
http://www.theguardian.com/business/2014/nov/13/oilhits-four-year-low-in-response-to-china-slowdown)
particularly in places like China, Japan, and Germany.
The combination of weaker demand and rising supply caused oil
prices to start dropping from their June peak of $115 per barrel
down to around $80 per barrel by mid-November. Oil is still much
pricier than it was a decade ago (when it was still around $40 per
barrel). But it's dropping for now.
5/12
11/28/2014
Oil prices keep plummeting as OPEC starts a price war with the US - Vox
heated debate (
http://www.reuters.com/article/2014/11/28/us-opecmeeting-shale-idUSKCN0JC1GK20141128) among OPEC
members about how best to respond to this current drop in oil
prices. Some countries, like Venezuela and Iran, wanted the cartel
(mainly Saudi Arabia) to cut back on production in order to prop up
the price of oil. The reason is that these countries need high prices
in order to "break even" on their budgets and pay for all the
government spending they've racked up:
http://www.realclearenergy.org/charticles/2012/10/22/opec_median_budgetary_breakeven_price_106748.html))
On the other side of the debate was Saudi Arabia, the world's largest
oil producer, which was opposed (
http://www.reuters.com/article/2014/11/28/us-opecmeeting-shale-idUSKCN0JC1GK20141128) to cutting
http://www.vox.com/2014/11/28/7302827/oil-prices-opec
6/12
11/28/2014
Oil prices keep plummeting as OPEC starts a price war with the US - Vox
signalled (
http://www.reuters.com/article/2014/10/13/us-oil-saudipolicy-idUSKCN0I201Y20141013)that they can live with lower
prices around $80 per barrel in the short term. (The government has
built up massive foreign-exchange reserves to finance deficits.)
http://www.bloomberg.com/news/2014-11-27/oil-in-newera-as-opec-refuses-to-yield-to-u-s-shale.html) in (
http://www.bloomberg.com/news/2014-11-27/oil-in-newera-as-opec-refuses-to-yield-to-u-s-shale.html)a "price war"
with the United States. What that means is that it's very cheap to
pump oil out of places like Saudi Arabia and Kuwait. But it's more
expensive to extract oil from shale formations in places like Texas
and North Dakota. So as the price of oil keeps falling, some US
http://www.vox.com/2014/11/28/7302827/oil-prices-opec
7/12
11/28/2014
Oil prices keep plummeting as OPEC starts a price war with the US - Vox
https://www.iea.org/oilmarketreport/omrpublic/currentreport/
of US shale projects need a price higher than $80 per barrel to stay
afloat. But many projects in North Dakota's Bakken formation are
profitable so long as prices are above $42 per barrel. We're about to
find out how this all shakes out and which numbers are correct.
What's especially interesting here is that Saudi Arabia and OPEC
appear to be ceding their long-standing role in modulating the global
supply of oil. Instead, they'll leave that up to the markets.
Vladimir Putin has his work cut out for him. (Maxim Shipenkov/AFP/Getty Images)
http://www.vox.com/2014/11/28/7302827/oil-prices-opec
8/12
11/28/2014
Oil prices keep plummeting as OPEC starts a price war with the US - Vox
http://online.wsj.com/articles/russian-central-bank-fearsweak-oil-price-could-threaten-economy-1410877452) on
pace to expand just 0.4 percent in 2014. That was partly due to the
ongoing Ukrainian crisis and partly due to Western sanctions.
RUSSIA HAD BEEN PLANNING FOR $100-PERBARREL OIL IN ITS 2015 BUDGET
Now the plunge in global oil prices is putting even further strain on
the nation's economy. Oil revenues account for roughly 45 percent
of Russia's budget, and the government's spending plans for
2015 had assumed (
http://www.bloomberg.com/news/2014-10-11/irancentral-bank-s-seif-says-sanction-won-t-stop-growth.html)
that the country was on track to grow 1.5 percent this year and 2.3
percent next year. But that was before oil prices started to drop a
potentially precarious situation.
One big problem for Iran is that it also needs oil prices well north of
$100 per barrel to balance its budget, especially since Western
sanctions have made it much harder to export crude. And if oil prices
keep falling, the Iranian government may need to make up revenues
http://www.vox.com/2014/11/28/7302827/oil-prices-opec
9/12
11/28/2014
Oil prices keep plummeting as OPEC starts a price war with the US - Vox
http://www.vox.com/2014/10/9/6952533/oil-pricesfalling-map-states-employment-north-dakota-texas))
A drop in prices could also cause people around the world to use
more oil which in turn could help exacerbate global warming (
http://www.ft.com/intl/cms/s/6cbfa7de-71a0-11e4-b17800144feabdc0,Authorised=false.html?
_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F
71a0-11e4-b17800144feabdc0.html%3Fsiteedition%3Dintl&siteedition=intl&_i_r
on how the US (and other countries) could take advantage of low oil
prices to make needed energy-policy reforms such as ending
wasteful fossil-fuel subsidies or putting in place new eciency
measures in order to prepare for future price spikes. But that's
http://www.vox.com/2014/11/28/7302827/oil-prices-opec
10/12
11/28/2014
Oil prices keep plummeting as OPEC starts a price war with the US - Vox
Further reading
-- This piece by Reuters' Alex Lawler, Amena Bakr, and Dmitry
Zhdannikov has some excellent reporting (
http://www.vox.com/xpress/2014/11/17/7236379/theunited-states-hasnt-produced-this-much-oil-since-1986)
than at any point since 1986.
-- How the oil and gas boom is changing America. (
http://www.vox.com/2014/10/2/6892781/how-the-oiland-gas-boom-is-changing-america)
-- 9 questions (
Read This
11/12
11/28/2014
Oil prices keep plummeting as OPEC starts a price war with the US - Vox
http://www.vox.com/2014/11/28/7302827/oil-prices-opec
12/12
11/29/2014
$70.15
-7.60 -10.83%
2014.11.28 end-of-day
$66.15
-7.54 -11.40%
2014.11.28 end-of-day
Co mmo dities
Crud e Oil
66.15
-11.40%
Na tura l G a s
4.09
-6.53%
G a soline
1.90
-6.89%
He a ting Oil
2.23
-7.43%
G old
1175.20
-1.82%
Silve r
15.49
-6.84%
Cop p e r
2.86
-3.50%
2014.11.28 end-of-day
Price
Change
2014.11.28 - $ 66.15
-7.54 -11.40%
1 Year Forecast
$76 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
12/1/2014
Oil at $40 Possible as Market Redraws Politics From Caracas to Tehran - Bloomberg
Dec. 1 (Bloomberg) - In todays Bart Chart, Bloombergs Mark Barton takes a look at Brent
Crude prices since the beginning of 2014 on Countdown. (Source: Bloomberg)
Related
How Oil's Price Plunge Impacts Wall Street
Oils decline is proving to be the worst since the collapse of the financial system in 2008 and threatening to have
the same global impact of falling prices three decades ago that led to the Mexican debt crisis and the end of the
Soviet Union.
Russia, the worlds largest producer, can no longer rely on the same oil revenues to rescue an economy suffering
from European and U.S. sanctions. Iran, also reeling from similar sanctions, will need to reduce subsidies that
https://www.bloomberg.com/news/2014-11-30/oil-at-40-possible-as-market-transforms-caracas-to-iran.html#closeConsentTrack
3/14
12/1/2014
Oil at $40 Possible as Market Redraws Politics From Caracas to Tehran - Bloomberg
have partly insulated its growing population. Nigeria, fighting an Islamic insurgency, and Venezuela, crippled by
failing political and economic policies, also rank among the biggest losers from the decision by the Organization
of Petroleum Exporting Countries last week to let the force of the market determine what some experts say will
be the first free-fall in decades.
This is a big shock in Caracas, its a shock in Tehran, its a shock in Abuja, Daniel Yergin, vice chairman of
Englewood, Colorado-based consultant IHS Inc. and author of a Pulitzer Prize-winning history of oil, told
Bloomberg Radio. Theres a change in psychology. Theres going to be a higher degree of uncertainty.
Related:
OPEC Inaction Spurs Survival of Fittest as Oil Below $65
ECB Confronts Cheaper Oil Spilling Onto Stimulus Debate
A world already unsettled by Russian-inspired insurrection in Ukraine to the onslaught of Islamic State in the
Middle East is about be roiled further as crude prices plunge. Global energy markets have been upended by an
unprecedented North American oil boom brought on by hydraulic fracturing, the process of blasting shale rocks
to release oil and gas.
4/14
12/1/2014
Oil at $40 Possible as Market Redraws Politics From Caracas to Tehran - Bloomberg
Gas is flared from a tower on an oil drilling rig operated by Petroleos Mexicans in the... Read More
Close
Open
Photographer: Susana Gonzalez/Bloomberg
Gas is flared from a tower on an oil drilling rig operated by Petroleos Mexicans in the Ku-MaloobZaap oilfield at Campeche Bay off the coast of Ciudad del Carmen, Mexico. Oil has dropped 37
percent this year and, in theory, production can continue to flow until prices fall below the day-today costs at existing wells.
Cheap Gasoline
Few expected the extent or speed of the U.S. oil resurgence. As wildcatters unlocked new energy supplies,
some oil exporters abroad failed to invest in diversifying their economies. Coddled by years of $100 crude,
governments instead spent that windfall subsidizing everything from 5 cents-per-gallon gasoline to cheap housing
that kept a growing population of underemployed citizens content.
Oil Prices
Those handouts are now at risk.
If the governments arent able to spend to keep the kids off the streets they will go back to the streets, and we
could start to see political disruption and upheaval, said Paul Stevens, distinguished fellow for energy,
environment and resources at Chatham House in London, a U.K. policy group. The majority of members of
OPEC need well over $100 a barrel to balance their budgets. If they start cutting expenditure, this is likely to
cause problems.
https://www.bloomberg.com/news/2014-11-30/oil-at-40-possible-as-market-transforms-caracas-to-iran.html#closeConsentTrack
5/14
12/1/2014
Oil at $40 Possible as Market Redraws Politics From Caracas to Tehran - Bloomberg
Costs as Benchmark
Oil has dropped 38 percent this year and, in theory, production can continue to flow until prices fall below the
day-to-day costs at existing wells. Stevens said some U.S. shale producers may break even at $40 a barrel or
less. The International Energy Agency estimates most drilling in the Bakken formation -- the shale producers that
OPEC seeks to drive out of business -- return cash at $42 a barrel.
Canadian Natural Resources Ltd. Chairman Murray Edwards said crude may sink as low as $30 a barrel before
rebounding to stabilize at $70 to $75 a barrel, the Financial Post reported.
Right now were seeing a price shock coming out of the meeting and it will be a couple of weeks until we see
where the price really falls, said Yergin. Officials have to figure out where the new price range is, and thats the
https://www.bloomberg.com/news/2014-11-30/oil-at-40-possible-as-market-transforms-caracas-to-iran.html#closeConsentTrack
6/14
12/1/2014
Oil at $40 Possible as Market Redraws Politics From Caracas to Tehran - Bloomberg
Russia Vulnerable
Russia in particular seems vulnerable, said Allan von Mehren, chief analyst at Danske Banke A/S in
Copenhagen. A big decline in the oil price in 1997-98 was one factor causing pressure that eventually led to
Russian default in August 1998.
VTB Group, Russias second-largest bank, OAO Gazprombank, its third-largest lender, and Russian
Agricultural Bank are already seeking government aid to replenish capital after sanctions cut them off from
international financial markets. Now with sputtering economic growth, they also face a rise in bad loans.
Oil and gas provide 68 percent of Russias exports and 50 percent of its federal budget. Russia has already lost
almost $90 billion of its currency reserves this year, equal to 4.5 percent of its economy, as it tried to prevent the
ruble from tumbling after Western countries imposed sanctions to punish Russian meddling in Ukraine. The ruble
is down 35 percent against the dollar since June.
7/14
12/1/2014
Oil at $40 Possible as Market Redraws Politics From Caracas to Tehran - Bloomberg
Already Losing
The oil price decline is not a game changer for Iran, said Suzanne Maloney, senior fellow at the Brookings
Institution, a Washington-based research organization, who specializes on Iran. The Iranians were already losing
so many billions of dollars because of the sanctions that the oil price decline is just icing on the cake.
While oils decline wrenches oil-rich nations that squandered the profits from recent high prices, the world
economy overall may benefit. The Organization for Economic Cooperation and Development estimates a $20
drop in price adds 0.4 percentage point to growth of its members after two years. By knocking down inflation by
0.5 point over the same period, cheaper oil could also persuade central banks to either keep interest rates low or
even add stimulus.
Energy accounts for 10 percent to 12 percent of consumer spending in European countries such as France and
Germany, HSBC Holdings Plc said.
Nigerian Woes
As developed oil-importing nations benefit, some of the worlds poorest suffer. Nigerias authorities, which rely
on oil for 75 percent of government revenue, have tightened monetary policy, devalued the naira and plan to cut
public spending by 6 percent next year. Oil and gas account for 35 percent of Nigerias economic output and 90
percent of its exports, according to OPEC.
The current drop in oil prices poses stark challenges for Nigerias external and fiscal accounts and puts heavy
pressure on the exchange rate, Oliver Masetti, an economist at Deutsche Bank AG, said in a report this month.
If oil prices remain at their current lows, Nigeria will face tough choices.
Even before oils rout, Venezuela was teetering.
The nation is running a budget deficit of 16 percent of gross domestic product, partly because much of its
declining oil production is sold domestically at subsidized prices. Oil is 95 percent of exports and 25 percent of
GDP, OPEC says.
Venezuela already qualifies for fiscal chaos, Yergin said.
Venezuelan Rioting
The country was paralyzed by deadly riots earlier this year after police repressed protests about spiraling
https://www.bloomberg.com/news/2014-11-30/oil-at-40-possible-as-market-transforms-caracas-to-iran.html#closeConsentTrack
8/14
12/1/2014
Oil at $40 Possible as Market Redraws Politics From Caracas to Tehran - Bloomberg
9/14
12/2/2014
$70.54
-2.00
-2.84%
2014.12.02 end-of-day
$66.88
-2.12
-3.17%
2014.12.02 end-of-day
Commodities
Crude Oil
66.88
-3.17%
Natural Gas
3.87
-3.43%
Gasoline
1.81
-3.83%
Heating Oil
2.15
-2.69%
Gold
1199.20
-1.57%
Silver
16.41
-1.46%
Copper
2.91
2014.12.02 end-of-day
-0.58%
Add to your site
Price
Change
2014.12.02 - $ 66.88
-2.12 -3.17%
1 Year Forecast
$76 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
12/3/2014
Sensex slips 115 points in volatile trade after RBI holds rates - The Hindu
Business Markets
Sensex slips 115 points in volatile trade after RBI holds rates
PTI
Sectorwise, BSE IT index suffered the most by losing 1.48 per cent, followed by Auto 1.05 per cent and Oil & Gas 0.66 per cent, among
others. File photo
PTI
Sensex ends 115.61 points down at 28,444.01; Nifty falls 31.20 points to 8,524.70
Markets fell for the second day with benchmark Sensex declining over 115 points on Tuesday on selling in auto stocks
after RBI kept interest rates unchanged for the fifth time in a row and IT shares dipped on strength in rupee.
In highly volatile trade, the 30-share BSE index fell to touch the days low of 28,386.46 following announcement of
credit policy. However, the index recovered briefly to hit 28,576.39 on RBI Governor Raghuram Rajans hint of
lowering rates early next year.
Participants later resorted to selling at every rise and the Sensex ended the day at 28,444.01, down 115.61 points, or
0.40 per cent. On Monday, it had slipped 134.37 points.
http://www.thehindu.com/business/markets/sensex-slips-115-points-in-volatile-trade-after-rbi-holds-rates/article6655184.ece
1/2
12/
2 3/
3 2014
Sensex
e slips 115 points in vo
v latile trade af
after RBI holds rates - The Hindu
htt
t p://
//www.thehindu.com/
m business/marke
k ts/sensex
ex- slips-115-points-in-vo
v latile-trade-af
after-rbi-holds-rates/article6655184.ece
22
2/
12/5/2014
$69.64
-0.28
-0.40%
2014.12.04 end-of-day
$66.81
-0.57
-0.85%
2014.12.04 end-of-day
Co mmo dities
Crud e Oil
66.81
-0.85%
Na tura l G a s
3.65
-4.28%
G a soline
1.79
-0.68%
He a ting Oil
2.12
-0.74%
G old
1207.50
-0.08%
Silve r
16.52
+0.97%
Cop p e r
2.93
+1.35%
2014.12.04 end-of-day
Price
Change
2014.12.04 - $ 66.81
-0.57 -0.85%
1 Year Forecast
$76 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
12/6/2014
$69.07
-0.57
-0.83%
2014.12.05 end-of-day
$65.84
-0.97
-1.47%
2014.12.05 end-of-day
Co mmo dities
Crud e Oil
65.84
-1.47%
Na tura l G a s
3.80
+4.02%
G a soline
1.77
-1.21%
He a ting Oil
2.11
-0.47%
G old
1190.10
-1.46%
Silve r
16.20
-2.00%
Cop p e r
2.93
-0.24%
2014.12.05 end-of-day
Price
Change
2014.12.05 - $ 65.84
-0.97 -1.47%
1 Year Forecast
$75 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
12/8/2014
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Brent crude oil fell more than $2 a barrel on Monday to a new five-year
low on predictions that oversupply would keep building until next year
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The impact of falling
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oil prices could fall as low as $43 a barrel next year. The bank cut its
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by 7:10 EST, having fallen $2.30 to $66.77 - its lowest since October
2009.
U.S. crude <CLc1> was down $1.60 at $64.24 a barrel, after hitting a
session low of $64.14. The U.S. contract, also known as West Texas
Intermediate, touched $63.72 last week, its lowest since July 2009.
At a meeting last month, top oil exporter Saudi Arabia resisted calls
from poorer members of the Organization of the Petroleum Exporting
Countries to reduce production, driving a further slide in prices, which
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The U.S. shale industry has yet to be hit by the slump in crude prices,
Baker Hughes said in a report on Friday, reporting that three new U.S.
Gasparino: Without
Cramer,
TheStreet.com
stock would be
despite the sharp price drop," said Carsten Fritsch, senior oil and
dead
"Given continued oversupply and still no sign yet that U.S. oil
much promise in
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In Libya, state oil company NOC said on Sunday the country was
What's this?
producing 800,000 barrels per day, though its El Sharara oilfield was
while export growth slowed, fuelling concerns the world's secondlargest economy could be facing a sharp slowdown.
China's crude oil imports rose 9 percent in November from October to
6.18 million barrels per day, suggesting the country may be boosting
its reserves.
"If one looks at the overall economic indicators, they are all showing a
picture of China which is stagnating rather than having strong growth,"
said Olivier Jakob, oil analyst at Petromatrix in Zug, Switzerland.
(Additional Reporting by Manolo Serapio Jr in Singapore and Adam
Rose in Beijing; Editing by Christopher Johnson and Dale Hudson)
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which closely tracked oil's continued price slide, dragged down key
water regulations
mean for business
benchmark indexes.
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jump in 10-year Treasury yields, rising five basis points and a 17%
jump in the CBOE Vix index, commonly knows as Wall Street's fear
gauge.
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US stocks end
lower, led by a
points at session lows, but ended down 106.31 points, or 0.6% lower,
112.40
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(XOM) and Chevron Corp (CVX) also weighed on the index, dropping
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The tech-heavy Nasdaq Composite (RIXF) ended the day with a loss
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The broader market moves are playing out amid the back drop of
crude oil's continued slide. Crude oil (CLF5) endured a bruising day
of its own, falling more than 4% on Monday and hitting a new five-year
low on continued concerns about oversupply.
http://www.foxbusiness.com/markets/2014/12/08/sp-500-records-biggest-drop-in-nearly-7-weeks/?intcmp=bigtopteaserside
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Energy stocks sell off: Highlighting the broad selloff in energy, the
Energy Select Sector SPDR Fund ETF (XLE) fell 4%. More
specifically, Denbury Resources Inc. (DNR) slid 10%, making it the
worst performer on the S&P 500. Newfield Exploration Co (NFX)
dropped 8.5%, EQT Corp. (EQT) slid 7.6%.
Utilities stocks were in demand, with the overall sector rising 0.7%.
Ameren Corp (AEE) rose 2.5% while PG&E Corp (PCG) added
1.9%.
Biotech stocks were one of the bright spots on Wall Street. Shares of
Celgene Corp (CELG) jumped 3.6% on news that the biotech
company extended its partnership with Agios to work on a cancer
drug.
In mergers, Cubist Pharmaceuticals Inc.(CBST) soared 35% after
drug giant Merck & Co. Inc. (MRK) agreed to buy the smaller
antibiotics maker for $8.4 billion. Merck shares closed 0.6% higher.
Other markets: Asian markets got their first chance to react to the
solid U.S. jobs report issued Friday, sending indexes in Japan and
China higher. China's Shanghai Composite closed above 3,000 for
the first time since 2011.
In metals, gold prices rose 1.2% while the dollar (DXY) slipped
against the yen after the data showed the Japan's GDP shrank more
than previously estimated.
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Business Markets
Published: December 8, 2014 16:22 IST | Updated: December 8, 2014 16:58 IST
A benchmark index of Indian equities markets closed Mondays trade provisionally down 339 points or 1.19 percent.
Heavy selling pressure was observed in all sectors besides the fast moving consumer goods (FMCG) stocks.
Major loosers in the days trade were information technology (IT), capital goods, automobile, bank and technology,
entertainment and media (TECK) firms.
The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 28,433 points,
closed at 28,119.40 points (provisionally), down 338.60 points or 1.19 percent from the previous days close at
28,458.10 points.
The Sensex touched a high of 28,494.85 points and a low of 28,097.12 points in the intra-trade.
The S&P IT index dropped by 344.89 points, capital goods index was lower by 282.15 points, automobile index fell by
263.75 points, bank index plunged by 263.56 points and TECK index went down by 154.49 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) also closed in red. It was down 100.05 points or 1.17
percent at 8,438.25 points.
Keywords: Sensex, closing trade, BSE, Nifty, NSE, Indian stock markets
Printable version | Dec 9, 2014 5:15:21 AM | http://www.thehindu.com/business/markets/sensex-falls-339-points-itstocks-drown/article6672747.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-falls-339-points-it-stocks-drown/article6672747.ece?css=print
1/2
12/8/2014
$66.19
-2.88
-4.35%
2014.12.08 end-of-day
$63.05
-2.79
-4.43%
2014.12.08 end-of-day
Co mmo dities
Crud e Oil
63.05
-4.43%
Na tura l G a s
3.60
-5.76%
G a soline
1.71
-3.91%
He a ting Oil
2.05
-2.57%
G old
1194.70
+0.39%
Silve r
16.22
+0.12%
Cop p e r
2.91
-0.52%
2014.12.08 end-of-day
Price
Change
2014.12.08 - $ 63.05
-2.79 -4.43%
1 Year Forecast
$72 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
12/9/2014
Business Markets
Published: December 9, 2014 10:36 IST | Updated: December 9, 2014 18:18 IST
Indian markets on Tuesday on losses in power, metal and capital goods shares amid a sell-off in China and other global markets. File
photo
The Hindu
Indian markets on Tuesday plunged to over one-month low with benchmark Sensex tumbling 322.39 points to end at
27,797.01 on losses in power, metal and capital goods shares amid a sell-off in China and other global markets.
The NSE Nifty tanked 97.55 points to end below 8,400-mark at 8,340.70 as stocks fell for the third straight session.
Fall of global crude prices to five-year lows failed to lift the global sentiment as Chinese stocks dropped over 5 per cent
on tighter lending norms and over 1 per cent drop in European indices, said traders.
The BSE 30-share Sensex remained in negative terrain for the major part of the session on sustained selling pressure.
It moved between 27,763.82 and 28,157.53 range, before ending with a sharp loss of 322.39 points, or 1.15 per cent, at
27,797.01. This is its weakest close since October 30.
In the previous two sessions, Sensex shed 443.42 points.
The overall market breadth was negative as about 900 stocks rose while over 2,000 scrips fell.
Sell-offs seen in Asian markets...impacted market sentiments for the day. Brent crude was seen dropping to its fresh
5-year lows, below USD 66 a barrel, said Hiren Dhakan, Associate Fund Manager, Bonanza Portfolio.
Experts said data showing current account deficit widened to USD 10.1 billion, or 2.1 per cent of GDP, in JulySeptember quarter of this fiscal, raised concerns at a time when markets are pricing are strong recovery of the Indian
economy.
Sesa Sterlite shares emerged the biggest loser among Sensex components by tumbling over 5 per cent. Shares of staterun ONGC plunged 4.29 per cent.
Other notable laggards include Tata Power, Bharti Airtel, NTPC, Tata Steel, Hindalco, BHEL, L&T, Tata Motors,
Wipro, SBI, Cipla, Maruti Suzuki, Axis Bank and ICICI Bank.
Almost all the major Asian stock markets fell after Chinese market tumbled 5.43 per cent, the most since 2009.
Indices in Hong Kong and Japan were among the worst-hit.
http://www.thehindu.com/business/markets/sensex-down-62-points-in-early-trade/article6675413.ece?homepage=true&css=print
1/2
12/9/2014
Sectorally, BSE Power index suffered the most by losing 2.75 per cent, followed by Metal index (2.71 per cent), Capital
Goods (2.29 per cent) and Consumer Durables (2.11 per cent) among others. Selling activity in small and midcap also
gathered momentum with BSE Smallcap falling 1.59 per cent and Midcap index down 1.57 per cent.
Meanwhile, Foreign Portfolio Investors (FPIs) bought shares worth net Rs 4,984.60 crore yesterday.
Keywords: BSE, sensex, opening trade
Printable version | Dec 9, 2014 10:02:07 PM | http://www.thehindu.com/business/markets/sensex-down-62-pointsin-early-trade/article6675413.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-down-62-points-in-early-trade/article6675413.ece?homepage=true&css=print
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Stocks pared their heavy losses Tuesday after global jitters initially
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The Dow Jones Industrial Average shed 51.3 points, or 0.3%, to
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The selloff in U.S. equities, which included a 200-point decline for the
ANF
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$64.24
-2.60
-4.05%
2014.12.10 end-of-day
$60.94
-2.88
-4.73%
2014.12.10 end-of-day
Co mmo dities
Crud e Oil
60.94
-4.73%
Na tura l G a s
3.71
+1.46%
G a soline
1.64
-4.98%
He a ting Oil
2.05
-1.84%
G old
1228.90
-0.21%
Silve r
17.13
+0.30%
Cop p e r
2.91
-1.12%
2014.12.10 end-of-day
Price
Change
2014.12.10 - $ 60.94
-2.88 -4.73%
1 Year Forecast
$70 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
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Oil Nears
r $60 as U.S. Shale Continues
Surg
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By Ma
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tthew Rocco / Pub lished Decemb er 10, 2014 / FOX
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r watchers
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v less oil on hand.
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s
htt
t p://
//www.fo
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m industries/2014/
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0 oil-hits-fresh-five
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Market Stream
month.
The selloff in oil futures was kicked off by an updated forecast from
the Organization of Petroleum Exporting Countries, which now
believes demand for its oil will fall to its weakest level in 12 years.
OPEC sees demand retreating to 28.9 million barrels a day in 2015
versus 29.4 million this year.
The cartel traditionally scales back production to sustain higher oil
prices. However, OPEC spooked the market -- and provided some
holiday cheer for drivers -- last month when it decided to maintain
output of 30 million barrels a day. The announcement fueled
projections that an oversupply of oil would continue into 2015.
Earlier this week, Bank of America reacted to the decision by saying
WTI oil could fall to $50 a barrel in the first half of 2014, while the
international benchmark, Brent crude, may slump below $60. Brent oil
was recently trading at $64.40 a barrel.
OPEC long downplayed the wide-ranging impact of shale oil
development in the U.S. The group first acknowledged that U.S. shale
plays could impact demand for OPEC oil in 2013, after referring to
shale oil as a source of marginal additions in its 2011 World Oil
Outlook.
In recent weeks, OPEC member Saudi Arabia has twice lowered
prices for oil shipped to the U.S. in an effort to regain market share.
Shale oil is extracted through a combination of hydraulic fracturing
and horizontal drilling. North Dakota, Texas and other states have
shown significant production growth, and the U.S. is now the worlds
largest producer of oil.
Follow Matthew Rocco on Twitter @MatthewRocco
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Cardillo doubts whether the sharp decline recently in oil prices has
What's this?
anything to do with the real fundamentals of oil, but noted that if the
price continues to fall it will impact oil producing states in the U.S.
such as Oklahoma, Texas and North Dakota, as well as the oilproducing OPEC nations. He blamed the relentless downward
pressure on energy prices partly on speculators.
Energy stocks led todays rout that saw all ten S&P 500 sectors finish
in the red for the first time in two months (since Oct. 13). Today was
also the steepest drop for the S&P 500 since October 13. The S&P
energy index was down 3.3%, the worst performing S&P sector and
its fourth drop in five sessions. Brent crude touched a new five-year
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12/11/2014
$63.68
-0.56
-0.88%
2014.12.11 end-of-day
$59.95
-0.99
-1.65%
2014.12.11 end-of-day
Co mmo dities
Crud e Oil
59.95
-1.65%
Na tura l G a s
3.63
-1.98%
G a soline
1.62
-1.07%
He a ting Oil
2.06
+0.73%
G old
1225.10
-0.31%
Silve r
17.06
-0.43%
Cop p e r
2.94
+0.92%
2014.12.11 end-of-day
Price
Change
2014.12.11 - $ 59.95
-0.99 -1.65%
1 Year Forecast
$68 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
12/12/2014
Business Markets
Published: December 11, 2014 16:10 IST | Updated: December 11, 2014 16:13 IST
AP
A benchmark index of Indian equities markets closed Thursdays trade down 239 points or 0.86 percent as oil and gas
stocks tanked.
All the industry sectorbased indices of the S&P Bombay Stock Exchange (BSE) closed in the red expect for
healthcare.
Heavy selling pressure was seen in oil and gas, auto, information technology (IT), capital goods and banking sectors.
The 30scrip Sensitive Index (Sensex) of the BSE, which opened at 27,796.34 points, closed trade at 27,592.49
points, dow
The Sensex touched a high of 27,796.34 points and a low of 27,539.47 points in the intraday trade.
The S&P BSE oil and gas index tanked by 275.96 points, automobile index ended 152.43 points lower, IT index lost
128.66 points, capital goods index fell by 97.58 points and bankex shed 74.47 points.
The wider 50scrip Nifty of the National Stock Exchange (NSE) ended 62.75 points or 0.75 percent down at
8,292.90 points.
Keywords: BSE, Sensex, Nifty, opening trade
Printable version | Dec 13, 2014 2:48:13 AM | http://www.thehindu.com/business/markets/sensex-nifty-plunge-inearly-trade-on-global-selloff/article6681432.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-nifty-plunge-in-early-trade-on-global-selloff/article6681432.ece?css=print
1/1
12/12/2014
Crude Oil Extends Drop Below $60 as IEA Cuts Forecast - Businessweek
Bloomberg Businessweek
Negative Momentum
Brent for January settlement slid $1.02, or 1.6 percent, to $62.66 a barrel on the London-based ICE Futures
Europe exchange after reaching $62.37, the lowest since July 2009. Prices are down 43 percent in 2014.
The IEA, the Paris-based adviser to 29 nations, boosted projections for supplies outside OPEC in 2015 by
200,000 barrels a day, forecasting output will expand by 1.3 million barrels a day to 57.8 million a day.
Production rising faster than demand could strain some nations ability to store oil by the middle of next year, it
predicted.
The IEA cut projections for the amount of crude OPEC will need to provide next year by 300,000 barrels a day
to 28.9 million. OPEC gave the same forecast, the lowest since 2003, in its monthly report on Dec. 10.
http://www.businessweek.com/printer/articles/885236?type=bloomberg
1/2
12/12/2014
Crude Oil Extends Drop Below $60 as IEA Cuts Forecast - Businessweek
We are in for lower prices for the foreseeable future, said Tariq Zahir, a New York-based commodity fund
manager at Tyche Capital Advisors. The Saudis dont want to make any kind of cut whatsoever. You are really
getting into a price war.
Collective Target
OPECs 12 members pumped 30.56 million a day in November, exceeding their collective target for a sixth
straight month, a Bloomberg survey of companies, producers and analysts showed.
Saudi Arabia, the biggest OPEC producer, has resisted calls for a production cut. The global oil market will
correct itself, Oil Minister Ali Al-Naimi said Dec. 10 in Lima. Venezuela wants special discussions to be held
before the group gathers on June 5, Foreign Minister Rafael Ramirez said on the Telesur network on the same
day.
Production in the U.S. expanded to 9.12 million barrels a day through Dec. 5, the fastest rate in weekly records
that started in January 1983, data from the Energy Information Administration show.
The U.S. oil boom has been driven by a combination of horizontal drilling and hydraulic fracturing, which has
unlocked supplies from shale formations including the Eagle Ford in Texas and the Bakken in North Dakota.
Low oil prices may slow U.S. shale production, Ian Taylor, chief executive officer of Vitol Group, said in an
interview yesterday at the Platts Global Energy Outlook Forum.
You begin to think that maybe not this year, but maybe next year, you will see perhaps less growth in U.S.
production if the price stays where it is, he said.
To contact the reporter on this story: Moming Zhou in New York at mzhou29@bloomberg.net
To contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net Stephen
Cunningham, Bill Banker
2014 Bloomberg L.P. All Rights Reserved. Made in NYC
http://www.businessweek.com/printer/articles/885236?type=bloomberg
2/2
12/12/2014
percent for the week to post its worst weekly performance since December 2011.
The broader Nifty closed down 0.8 percent at 8,224.10. For the week it lost 3.7
percent, recording its worst weekly performance since mid-July.
Shares of Gail (India) fell 4.4 percent, while Oil and Natural Gas Corp and Reliance
Industries Ltd slipped 3.5 percent and 2.63 percent, respectively.
Software services exporter Tata Consultancy Services, fell 1.66 percent as traders
speculated the company would announce some restructuring, which may impact
earnings outlook.
After market hours, TCS said in an analyst call it expected Q3 revenues to be in line
and kept its EBIT margin band unchanged.
Other IT stocks such as Wipro Ltd ended down 0.58 percent and HCL Technologies
Ltd closed 2.55 percent lower.
Meanwhile, caution ahead of the consumer inflation data later in the day dragged
lenders including State Bank of India down 0.86 percent, ICICI Bank Ltd 0.47 percent,
and Punjab National Bank down 0.51 percent.
Among the gainers, telecom shares such as Bharti Airtel ended up 1.35 percent on
media reports of inclusion of additional spectrum auction.
When life
insurance
(Sify.com )
Think before
buying gold
(Sify.com )
(Sify.com )
(Sify.com )
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12/12/2014
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Weakness was ubiquitous this week, with broader markets at the center of profit-taking.
BSE Small Cap and CNX Midcap indices were down 3.4-3.8 percent, performing slightly
better than the benchmarks
1
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18:59
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he Sensex and Nifty shed around 4 percent during the week, hit by the weakness in global
markets. The downtrend could persist next week followed the disastrous October IIP figure
of negative 4.2 percent announced post market Friday. While inflation continued to drift lower,
weakness in industrial output during the festive season is clearly a cause for concern.
India and Infosys slid between 612.5 percent lower, faring among
NEWS VIDEOS
week.
benchmarks.
Diamond Power, Bombay Burmah, HCL Info, Havells, India Cements, HDIL, Rel Comm, HCC and
Unitech lost between 10-43 percent on the bourses, on a weekly basis.c
Investors booked profits this week amid weak global cues and mixed signals domestically. The
http://www.moneycontrol.com/news/local-markets/weekly-wrap-market-corrects-finally-sensex-nifty-slip-4_1251611.html
1/4
12/12/2014
start of the week saw India's current account deficit widen to US$10.1bn in the second quarter
of 2014-15 from US$7.8bn (1.7% of GDP) in the preceding quarter. A bump in imports and
slowing of exports led to the widening of the gap. The Finance Minister however said there
was no cause for concern since FII and FDI flows were adequate to finance the deficit.
Globally, Chinese benchmark Shanghai Composite fell almost 6 percent sending shockwaves
in the region in particular and the rest of the world in general. The blame was put on new
restrictions imposed by the government on corporate bond market and subdued growth
outlook for the country.
Stocks of metal companies, which depend on exports to China took a beating owing to
weakness in China.
The scenario wasn't all rosy back home either as some of the founders sold their stake in the
blue-chip software behemoth -Infosys- which gently rattled investor sentiment and caused
turmoil in benchmark indices on that day, somewhat setting a precedent for profit taking for
the week ahead.
Government's reforms agenda has taken a blow on the chin, as latest reports from CNBC-TV18
suggest that the much awaited GST Bill might be tabled in the budget session of the
parliament in 2015 and not in the ongoing winted session, owing to ongoing differences
between centre and states on inclusion of petroleum in the bill's ambit among other issues.
This weakness hasn't deterred Raamdeo Agrawal, Joint MD, Motilal Oswal, who in an interview
with CNBC-TV18 that market could see a correction near term, but it made sense only for
traders to book profits now and get in at lower prices. For those looking to benefit from the
secular bull market over the next few years, it would pay to sit tight and ignore market
fluctuations.
Energy stocks slumped as oil prices hit five and half year lows even as IEA lowered it's demand
outlook. Brent crude which was last seen trading at USD63-a-barrel, has dropped 40 percent
since July. BSE oil & gas index lost 7.3 percent owing to a weak demand.
Wh at's N ext
Investors will keep a watch on FOMC meet and US employment data next week. Better than
expected job figures might prompt Fed to hike interest rates earlier, which in turn is likely to
rattle stock markets globally
17:03
Profit booking continues, Sensex falls 251 pts; oil weighs
The Sensex crashed 4 percent and Nifty fell 3.7 percent while the CNX Midcap and BSE Small
Cap indices were down over 3.5 percent. BSE Realty, Capital Goods, Oil & Gas, Metals, Power,
and IT slipped 4-7 percent.
http://www.moneycontrol.com/news/local-markets/weekly-wrap-market-corrects-finally-sensex-nifty-slip-4_1251611.html
2/4
12/12/2014
Re a d More
14:00
Sensex falls 251pts, Nifty ends below 8250; oil & gas drags
Re a d More
13:00
Coal India, Maruti gainers; Sensex, Nifty sluggish
Re a d More
12:00
Nifty falls below 8300; Cairn, ONGC, Sesa under pressure
Re a d More
11:04
Sensex, Nifty marginally up; Bharti gains 2%, GA IL falls 4%
Re a d More
10:00
Sensex, Nifty consolidate; midcaps, smallcaps outperform
Re a d More
09:14
Nifty holds 8300, Sensex flat; Infosys, BHEL early gainers
Re a d More
RELATED NEWS
READ MORE ON ccSensex, Nifty, Tata Steel, Sesa Sterlite, GAIL, BHEL, JSPL, Reliance, ONGC, L&T, Cairn India, Sun
Pharma, Coal India, UltraTech Cement, ITC, Sun Pharma, Coal India, UltraTech Cement, ITC
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Wall Street Sees Red Amid Collapse in Oil Prices | Fox Business
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The Dow Jones Industrial Average shed 315 points, or 1.8%, to
17280. The S&P 500 fell 33 points, or 1.6%, to 2002. The Nasdaq
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Wall Street Sees Red Amid Collapse in Oil Prices | Fox Business
On Friday, WTI oil declined $2.14, more than 3%, to $57.81 a barrel.
The U.S. benchmark reached its lowest intraday price since May
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for the fourth time in five months.
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2/4
12/12/2014
Wall Street Sees Red Amid Collapse in Oil Prices | Fox Business
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Wall Street Sees Red Amid Collapse in Oil Prices | Fox Business
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4/4
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Bloomberg Businessweek
News
http://www.businessweek.com/ap/2014-12-12/oil-prices-fall-further-after-iea-cuts-forecast
1/2
12/12/2014
"The adverse impact of the oil price rout on oil-exporting economies looks likely to offset, if not exceed, the
stimulus it could provide for oil-importing countries against a backdrop of weak economic growth and low
inflation," the IEA said.
It highlighted the impact on Russia, which has been particularly hard hit by the market sell-off.
Others, however, believe the benefit to consumers from lower fuel prices outweighs the negatives for energy
producers. In a note last month, Barclay's estimated that a 20 percent decline in gas prices in the U.S. results in
$70 billion of savings for consumers, money that helps restaurants, clothing stores, movie theaters and other
businesses that depend on discretionary spending.
Barclays said those gains more than offset an estimated reduction of $40 billion in capital spending by the energy
sector.
The average price of gasoline in the U.S. has dropped 30 percent since April, to $2.60 per gallon from this
year's peak of $3.70, according to AAA, saving a typical household $100 a month.
Jonathan Fahey can be reached at http://twitter.com/JonathanFahey .
2014 Bloomberg L.P. All Rights Reserved. Made in NYC
http://www.businessweek.com/printer/articles/571208?type=ap
2/2
12/13/2014
$61.85
-1.83
-2.96%
2014.12.12 end-of-day
$57.81
-2.14
-3.70%
2014.12.12 end-of-day
Co mmo dities
Crud e Oil
57.81
-3.70%
Na tura l G a s
3.80
+4.24%
G a soline
1.60
-1.70%
He a ting Oil
2.02
-2.25%
G old
1222.00
-0.25%
Silve r
17.02
-0.24%
Cop p e r
2.95
+0.19%
2014.12.12 end-of-day
Price
Change
2014.12.12 - $ 57.81
-2.14 -3.70%
1 Year Forecast
$66 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
12/14/2014
OPEC Official Says The Oil Price Drop Goes Beyond Market Fundamentals - Business Insider
Thomson Re ute rs
"The fundamentals should not lead to this dramatic reduction (in price)," al-Badri said,
according to Reuters.
Earlier this week, Saudi oil minister Ali Al-Naimi told Bloomberg, "Why should I cut
production? You know what a market does for any commodity. It goes up and down and
up and down."
But as Business Insider's Shane Ferro wrote last Wednesday: "The whole point of OPEC
is to use collective action, through tightly controlling the world's oil supply, to counteract
the market forces that Al-Naimi is now saying should be allowed to move freely."
Al-Badri added in his comments to Reuters on Sunday that OPEC's decision in November
http://www.businessinsider.com/r-opecs-badri-says-oil-price-drop-beyond-market-fundamentals-2014-12
1/3
12/14/2014
OPEC Official Says The Oil Price Drop Goes Beyond Market Fundamentals - Business Insider
to maintain its current production target was not aimed at anyone specifically.
"Some people say this decision was directed at the United States and shale
oil. All of this is incorrect. Some also say it was directed at Iran. And Russia.
This also is incorrect," al-Badri said.
And according to The Wall Street Journal's account of al-Badri's comments, al-Badri
there is "no target price" that OPEC seeks for oil.
Some commentators, including The Economist, have speculated that OPEC's decision not
to curb production amid tumbling oil prices was an effort to pressure US shale oil
producers who have ramped up production significantly in the last few years.
In the first week of December, US weekly oil production came in at its highest level since
1986.
On Friday, West Texas Intermediate crude oil settled at around $58 a barrel, while Brent
crude oil was near $62, both five-year lows.
According to Bloomberg, United Arab Emirates energy minister Suhail Al-Mazrouei said
at the same conference in Dubai that, "We are not going to change our minds because the
prices went to $60 or to $40 ... the market will stabilize itself."
Here's what the market has done to oil this year.
http://www.businessinsider.com/r-opecs-badri-says-oil-price-drop-beyond-market-fundamentals-2014-12
2/3
12/14/2014
OPEC Official Says The Oil Price Drop Goes Beyond Market Fundamentals - Business Insider
Busine ss I nside r
http://www.businessinsider.com/r-opecs-badri-says-oil-price-drop-beyond-market-fundamentals-2014-12
3/3
12/14/2014
Qatar Stocks Enter Bear Market as Dubai Erases 2014 Gains on Oil - Bloomberg
Shares in Qatar plunged, becoming the fifth gauge in the oil-rich Gulf Cooperation Council to enter a
bear market, as crude prices dropped to the lowest level since July 2009. Dubais gauge wiped out this
years advances.
Qatars QE Index (DSM) lost 5.9 percent to 11,114.43 at the close in Doha, bringing its decline since
Septembers record high to 23 percent. Dubais DFM General Index (DFMGI) lost 7.6 percent, the
most since October 2008. The shares have retreated 34 percent this quarter, turning one of the worlds
best gains in 2014 into a 1.4 percent loss. The measure, along with indexes in Saudi Arabia, Kuwait
and Oman fell into a bear market in the past three weeks.
Brent crude slumped to $61.85 a barrel last week after the Organization of Petroleum Exporting
Countries cut its forecast for demand in 2015 to the weakest level in 12 years. The Dow Jones
Industrial Average (INDU) had its worst week since 2011 and European shares fell the most in more
than three years. The United Arab Emirates Energy Minister Suhail Al-Mazrouei said today OPEC
wont cut production even if prices fall to $40 a barrel. The GCC is home to about a third of the
worlds proven oil reserves.
This is an overreaction to further falls in oil prices and global markets, Saleem Khokhar, who helps
oversee about $3 billion at NBAD Asset Management Group, said by telephone from Abu Dhabi.
Valuations have become quite attractive and I expect the markets to stabilize soon.
Dubai stocks now trade at 10.4 times estimated 2015 earnings, compared with 10.7 for MSCI Inc.s
emerging markets index. The DFM gauge traded as high as 21 times trailing earnings at the end of
August, according to data compiled by Bloomberg. The ratio for Qatari and Saudi shares fell to 11.5
times and 11 times projected profits next year, respectively.
Oil Revenue
Saudi Arabias Tadawul All Share Index fell 3.3 percent to 8,119.08, the lowest close in 13 months. Abu
Dhabis ADX General Index (ADSMI) slipped 3.6 percent, taking its retreat from a May peak to
almost 20 percent. The measure has erased gains this year to slide 1.9 percent. The exchange today
http://www.bloomberg.com/news/print/2014-12-14/qatar-abu-dhabi-stocks-headed-for-bear-market-as-oil-slumps.html
1/3
12/14/2014
Qatar Stocks Enter Bear Market as Dubai Erases 2014 Gains on Oil - Bloomberg
announced a five-minute trading halt if a stock moves by 5 percent to prevent rash decisions,
according to an e-mailed statement.
Kuwaits SE Price Index lost 2.9 percent, Omans benchmark declined 3.2 percent and Bahrains
measure fell 0.6 percent.
Oil is a major source of revenue for government budgets in the region, Tariq Qaqish, fund manager
at Al Mal Capital PSC, said by telephone from Dubai. Lower oil prices mean lower spending. Lower
spending means less economic growth.
Governments in the region need a break-even oil price of about $80 a barrel for this year, according
to International Monetary Fund estimates.
Oil and natural gas production contributes to more than half of Qatars gross domestic product,
according to the U.S. Energy Information Administration. All 20 of the stocks on the nations index
declined.
The host of the 2022 World Cup and holder of the worlds third-largest natural gas reserves plans to
spend $210 billion over seven years on roads, stadiums, a rail network and a new city before the
soccer tournament.
Egypt Drops
The selloff on the back of declining oil prices has even affected stocks in Egypt, a net importer of
energy. The EGX 30 Index dropped 5.2 percent, the most in more than two years, trimming gains for
the year to 29 percent.
The freefall in oil prices is causing some panic thats spilling over here, Wafik Dawood, portfolio
manager at Cairo-based Compass Capital, said by telephone. Even though Egypts economy stands to
benefit from the drop in oil prices, the lack of local catalysts is forcing the market to mirror the global
performance.
Elsewhere in the region, Israels benchmark TA-25 Index retreated 0.5 percent at 3:34 p.m. in Tel
Aviv. Perrigo Co. led the decline with a 3.7 percent drop.
The yield on the governments 3.75-percent bonds due 2024 dropped six basis points to 2.27 percent,
the lowest on a closing basis in almost two weeks. (An earlier version of this story was corrected to
show Qatar is the fifth GCC gauge to enter a bear market.)
To contact the reporters on this story: Dana El Baltaji in Dubai at delbaltaji@bloomberg.net; Ahmed
A. Namatalla in Cairo at anamatalla@bloomberg.net
http://www.bloomberg.com/news/print/2014-12-14/qatar-abu-dhabi-stocks-headed-for-bear-market-as-oil-slumps.html
2/3
12/14/2014
Qatar Stocks Enter Bear Market as Dubai Erases 2014 Gains on Oil - Bloomberg
To contact the editors responsible for this story: Samuel Potter at spotter33@bloomberg.net Claudia
Maedler
2014 BLOOMBERG L.P. ALL RIGHTS RESERVED.
http://www.bloomberg.com/news/print/2014-12-14/qatar-abu-dhabi-stocks-headed-for-bear-market-as-oil-slumps.html
3/3
12/15/2014
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Crude prices plunged further on Monday after OPEC once again said
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Em ail
support prices.
Well?
U.S. crude tumbled almost 5 percent, extending losses after the close
to come within two cents of $55 a barrel. Benchmark North Sea Brent
Share
fell more than 2 percent, nearing $60 in a rout that also deepened
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remove anti-Muslim
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"It's basically people getting squeezed out via margin calls," said John
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Sony Demands Stop
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than-expected output.
A production glitch at the Buzzard oilfield in the UK North Sea also
helped Brent, as did news that Libya's two biggest oil ports were shut
from fighting between armed factions.
Selling pressure emerged by midmorning after UAE's Oil Minister
Suhail Bin Mohammed al-Mazroui added to bearish comments by
OPEC Secretary-General Abdullah al-Badri.
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Oils early session gains had stocks set for a positive move but a
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3/3
12/16/2014
$61.06
-0.79
-1.29%
2014.12.15 end-of-day
$55.91
-1.90
-3.40%
2014.12.15 end-of-day
Commodities
Crud e Oil
55.91
-3.40%
Na tura l G a s
3.72
-2.04%
G a soline
1.58
-1.33%
He a ting Oil
2.00
-0.71%
G old
1207.20
-1.23%
Silve r
16.53
-2.98%
Cop p e r
2.90
-1.67%
2014.12.15 end-of-day
Price
Change
2014.12.15 - $ 55.91
-1.90 -3.40%
1 Year Forecast
$64 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
12/17/2014
Sensex down 285 points, Nifty fals below 8,000 - The Hindu
Business Markets
Published: December 17, 2014 10:13 IST | Updated: December 17, 2014 11:52 IST
Bears continued to cast shadow as the benchmark BSE Sensex extended its overnight crash to drop 284.91 points and
Nifty fell below the crucial 8K-level on across the board selling amid mixed Asian cues.
The market was entangled by global uncertainties due to fall in crude oil prices, Russian currency turmoil as well as
uninterrupted selling by FIIs.
There is a need of definite trigger for bourses to recoup as investors are looking for the outcome of a crucial US
Federal Reserve meeting, a trader said.
The 30-share BSE Sensex resumed lower at 27,724.01 and dipped to 26,483.57, down by 284.91 points, or 1.06 per
cent, at 10.15 a.m.
The NSE 50-share Nifty fell below the crucial 8,000-mark, falling by 95.50 points, or 1.18 per cent, to quote at
7,972.10.
There was selling across the sectors, led by metal, realty, banking, auto, healthcare, consumer durables, capital goods,
power, IT, tech and oil & gas, along with shares from mid-cap and small-cap companies.
Foreign Portfolio Investors sold shares worth a net Rs. 1,247.24 crore on Tuesday, as per provisional data.
Major losers were Cipla (2.72 per cent), Tata Power (2.37 per cent), Sun Pharma (2.16 per cent), Bharti Airtel (2.13
per cent), Hero Moto (1.70 per cent) and Tata Motors (1.65 per cent).
Asian stocks were trading mixed.
Key indices in Indonesia, South Korea, China and Japan rose 0.01-0.99 per cent while those in Hong Kong, Singapore
and Taiwan were down by 0.21-0.74 per cent.
Keywords: Sensex, BSE, Nifty, NSE, India stock markets
Printable version | Dec 18, 2014 8:06:13 AM | http://www.thehindu.com/business/markets/sensex-extends-lossesfalls-117-points-in-early-trade/article6700138.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-extends-losses-falls-117-points-in-early-trade/article6700138.ece?css=print
1/1
12/17/2014
Business Markets
Published: December 17, 2014 18:13 IST | Updated: December 17, 2014 18:13 IST
The BSE benchmark Sensex regained most of the steep losses it suffered in early trade, but still ended the day 71
points lower at 26,710.13 after a highly volatile trade amid continuing investor worries over global economy.
The 30-share BSE index resumed lower and immediately nosedived by 310 points to a low of 26,469.42. After moving
in erratic fashion through the day, it finally settled at 26,710.13, a fall of 71.31 points from its previous close, extending
losses for the fifth straight day.
The barometer has lost 1,120.97 points in five days of selling by investors.
The Nifty also declined by 37.80 points to end the day at 8,029.80.
Healthcare, realty, consumer durable, FMCG and auto segments registered losses, while metal and oil & gas attracted
good buying interest.
Keywords: BSE, NSE, Nifty, Sensex, stock markets
Printable version | Dec 18, 2014 8:08:13 AM | http://www.thehindu.com/business/markets/sensex-ends-71-pointslower/article6701253.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-ends-71-points-lower/article6701253.ece?css=print
1/1
12/19/2014
$59.27
-1.91
-3.22%
2014.12.18 end-of-day
$54.11
-2.36
-4.36%
2014.12.18 end-of-day
Commodities
Crud e Oil
54.11
-4.36%
Na tura l G a s
3.64
-1.65%
G a soline
1.53
-2.55%
He a ting Oil
1.94
-3.60%
G old
1194.70
+0.03%
Silve r
15.89
Cop p e r
2.87
-0.52%
2014.12.18 end-of-day
Price
Change
2014.12.18 - $ 54.11
-2.36 -4.36%
1 Year Forecast
$62 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
12/22/2014
Saudi Oil Minister Hints Russia Doesn't 'Deserve Market Share' - Business Insider
President of Russia Vladimir Putin talks with the Saudis during the G20 leaders
summit in Brisbane November 15, 2014.
Saudi Oil Minister Ali Naimi really got the world's attention in an interview he gave to the
energy journal Middle East Economic Survey (MEES). We told you earlier that Naimi said
the Saudis don't care how low the price of oil goes: "Whether it goes down to $20, $40,
$50, $60, it is irrelevant."
What's interesting though is Naimi's rationale for not caring. Basically, he told MEES, the
Saudis can afford not to care about the low price of oil.
The Russians, by contrast, cannot afford it because they are inefficient producers who
can't stop pumping even if they wanted to. Low prices are decimating the Russian
economy because the country is dependent on oil. That's driving down the value of the
ruble, and making it impossible for Russia to pay its debts. Already, Russia's central bank
has had to bail out one of its private banks. A full scale Russian collapse is increasingly
likely. Russia can't reduce the amount of oil it pumps (which might raise prices) because
http://www.businessinsider.com/saudi-oil-minister-hints-russia-doesnt-deserve-market-share-2014-12
1/2
12/22/2014
Saudi Oil Minister Hints Russia Doesn't 'Deserve Market Share' - Business Insider
http://www.businessinsider.com/saudi-oil-minister-hints-russia-doesnt-deserve-market-share-2014-12
2/2
12/22/2014
$60.11
-1.27
-2.11%
2014.12.22 end-of-day
$55.26
-1.87
-3.38%
2014.12.22 end-of-day
Commodities
Crud e Oil
55.26
-3.38%
Na tura l G a s
3.14
-10.18%
G a soline
1.54
-1.60%
He a ting Oil
1.95
-0.55%
G old
1179.70
-1.37%
Silve r
15.65
-2.19%
Cop p e r
2.90
2014.12.22 end-of-day
Price
Change
2014.12.22 - $ 55.26
-1.87 -3.38%
1 Year Forecast
$63 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
12/25/2014
CrudeOil,Gas,andMetalsPrices.html
BrentCrudeOil
$60.24
1.45
2.41%
2014.12.24endofday
WTICrudeOil
$55.84
1.28
2.29%
2014.12.24endofday
Commodities
Crude Oil
55.84
-2.29%
Natural Gas
3.03
-4.65%
Gasoline
1.51
-3.81%
Heating Oil
1.92
-3.49%
Gold
1173.50
-0.37%
Silver
15.67
-0.36%
Copper
2.87
2014.12.24 end-of-day
-0.96%
Add to your site
CrudeOilPricebyOILPRICE.NET
Price
Change
2014.12.24$55.84 1.282.29%
1YearForecast
$64/Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
12/26/2014
$59.45
-0.79
-1.33%
2014.12.26 end-of-day
$54.73
-1.11
-2.03%
2014.12.26 end-of-day
Commodities
Crud e Oil
54.73
-2.03%
Na tura l G a s
3.01
-0.76%
G a soline
1.51
He a ting Oil
1.91
-0.82%
G old
1195.30
+1.82%
Silve r
16.11
+2.72%
Cop p e r
2.84
-1.38%
2014.12.26 end-of-day
Price
Change
2014.12.26 - $ 54.73
-1.11 -2.03%
1 Year Forecast
$62 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
12/29/2014
$57.88
-1.57
-2.71%
2014.12.29 end-of-day
$53.61
-1.12
-2.09%
2014.12.29 end-of-day
Commodities
Crud e Oil
53.61
-2.09%
Na tura l G a s
3.19
+5.71%
G a soline
1.45
-3.85%
He a ting Oil
1.85
-3.18%
G old
1181.70
-1.15%
Silve r
15.74
-2.34%
Cop p e r
2.84
2014.12.29 end-of-day
Price
Change
2014.12.29 - $ 53.61
-1.12 -2.09%
1 Year Forecast
$61 / Barrel
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What should we
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United Airlines,
Orbitz suing 22year-old
pull major indexes from record levels, while the trend of modest
Em ail
moves and low volume continued heading into the final trading day of
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the year.
The day's losses were broad, with each of the ten primary S&P 500
'The Interview'
Makes $18M in
Opening Weekend
NDRM
NEURODERM LT...
about raising interest rates. The S&P 500 gained nearly 6 percent
over the prior eight sessions and managed to score its 53rd record
3.92
-4.35
Exchange
The speed and scale of the rally provided incentive to take profits, and
amplified volatility is possible this week with many market participants
out for the holiday, which dampens volume. The stock market will be
as Oversupply
Worries Persist
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INVESTING
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only natural that we are going to get a little bit of a pullback here."
The Dow Jones industrial average fell 55.16 points, or 0.31 percent,
to 17,983.07, the S&P 500 lost 10.22 points, or 0.49 percent, to
2,080.35 and the Nasdaq Composite dropped 29.47 points, or 0.61
percent, to 4,777.44.
In the latest economic data, consumer confidence rose slightly less
than expected in December, while U.S. single-family home price
appreciation slowed less than forecast in October.
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U.S. stocks fell on Wednesday, but closed out a third straight year of
double-digit gains for the S&P 500, as crude oil prices continued their
Em ail
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The Dow Jones industrial average fell 159.81 points, or 0.89 percent,
percent, to 4,736.05.
Why are home
While the market's seasonal trend of modest moves and low volume
continued, there was heavier action in the energy space. Crude oil
lost 2.2 percent, the fourth drop of at least 2 percent in the past five
sessions, putting the commodity at its lowest since May 2009.
Denver Rents
Soaring Mile-High
The S&P Energy index fell 0.5 percent as the biggest decliner of the
day. It is also the year's worst performer, off 9.3 percent. Among the
day's biggest losers, Newfield Exploration fell 1.2 percent to $26.95
while Noble Corp was off 2.2 percent at $16.67.
The broader move higher confirmed Wall Street's recent upward bias.
millionaires in a
The S&P 500 has risen in seven of the past nine sessions, hitting a
more foreign
move to attract
investments
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"The trend isn't broken and you need to go with it until it breaks," said
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Antonio.
"I don't see anything coming up that could really break the fundamental
picture out there. We could see pullbacks, which you should buy on,
but I don't see a downtrend."
NephroGenex Inc soared 240 percent to $15.77 a day after it said its
lead drug was found to be safe in patients with diabetic nephropathy
in a cardiac safety study. More than 4.2 million shares traded, by far
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Data as of 5:17:00pm ET
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DJIA
-160.00
17,823.07
S&P 500
-21.45
2,058.90
NASDAQ
-41.39
4,736.05
FOX 50
+0.00
1,441.30
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$57.33
-0.57
-0.99%
2014.12.31 end-of-day
$53.27
-0.85
-1.60%
2014.12.31 end-of-day
Commodities
Crud e Oil
53.27
-1.60%
Na tura l G a s
2.89
-7.10%
G a soline
1.44
-1.28%
He a ting Oil
1.85
-1.20%
G old
1183.90
-1.38%
Silve r
15.56
-4.34%
Cop p e r
2.84
-1.07%
2014.12.31 end-of-day
Price
Change
2014.12.31 - $ 53.27
-0.85 -1.60%
1 Year Forecast
$61 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
1/2/2015
$56.42
-0.91
-1.61%
2015.01.02 end-of-day
$52.69
-0.58
-1.10%
2015.01.02 end-of-day
Commodities
Crud e Oil
52.69
-1.10%
Na tura l G a s
3.00
+3.80%
G a soline
1.43
-2.70%
He a ting Oil
1.80
-2.11%
G old
1186.00
+0.18%
Silve r
15.73
+1.07%
Cop p e r
2.84
2015.01.02 end-of-day
Price
Change
2015.01.02 - $ 52.69
-0.58 -1.10%
1 Year Forecast
$60 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
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Wall Street Thrashed Amid Oil Selloff, Growing Eurozone Worries | Fox Business
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U.S. equities fell deep into negative territory Monday on worries about
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As of 1:15 p.m. ET, the Dow Jones Industrial average shed 324
4656. All ten S&P 500 sectors were in negative territory, with the
How the average
market volatility
U.S. shares were responding to bad economic news from across the
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ObamaCare's tax
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Wall Street Thrashed Amid Oil Selloff, Growing Eurozone Worries | Fox Business
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to fresh 5-1/2 year lows and a strong dollar weighed down metals
prices.
Crude oil futures prices dropped to their lowest since May 2009 amid
Oil prices continue to fall
a global supply glut and falling demand. In spite of the glut and lack of
global demand, some large oil-producers are still generating large
amounts, exacerbating the situation. Russia's oil output hit a post-
Soviet high last year, and Iraq's oil exports in December were the
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$53.11
-3.31
-6.23%
2015.01.05 end-of-day
$50.04
-2.65
-5.30%
2015.01.05 end-of-day
Commodities
Crud e Oil
50.04
-5.30%
Na tura l G a s
2.88
-4.20%
G a soline
1.38
-3.76%
He a ting Oil
1.75
-2.66%
G old
1203.90
+1.49%
Silve r
16.18
+2.75%
Cop p e r
2.79
-1.63%
2015.01.05 end-of-day
Price
Change
2015.01.05 - $ 50.04
-2.65 -5.30%
1 Year Forecast
$57 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
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U.S. Markets Rattled on Falling Oil and Greece EU Concerns | Fox Business
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By Michael Goldstein / Market Radar / Pub lished January 05, 2015 / FOXBusiness
Stocks were down across the board in a broad market selloff fueled
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by the continuing decline of crude oil prices. The Energy sector led
Em ail
the dive falling by nearly 4% as crude oil fell to nearly six year lows.
Share
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markets saw large declines and the Euro fell to nine year lows against
the Dollar.
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BlackRock Sets
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Flows in 2014
Nymex crude fell for the third consecutive session dipping below $50
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Qualcomm Flicks
5.03% or $2.65. Gold was the sole winner today climbing $17.8 to
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session for the first time in over a year losing 37.62 points or 1.83% to
close at 2,020.58.
The NASDAQ lost 1.57% to close at 4,652.57 down 74.24 points
while the tech heavy NASDAQ 100 fell 1.64% or 69.28 points to close
at 4,160.96.
The Small cap Russell 2000 closed at 1,181.35 after losing 17.45
points or 1.46%. The FOX50 was down 1.76% closing at 1,413.80
down 25.3 points.
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By Nicole Friedman / Pub lished January 06, 2015 / Dow Jones Newswires
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Oil Hits New Lows, Brent Crude Nears $50 | Fox Business
"Oil is the thing that's pretty much driving all the financial markets right
Recommended by
LP, which oversees about $64 billion in assets. "This is essentially the
market realizing that global growth is probably slowing."
Energy companies are cutting back on spending in response to low
prices, but it could take months for production growth to slow, market
watchers say.
The U.S. Energy Information Administration is set to release storage
data for the week ended Jan. 2 on Wednesday. Analysts surveyed by
The Wall Street Journal expect the report to show that domestic oil
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"Over a significant part of the last 15 years, we've had Saudi Arabia
and others playing a swing producer role. They've now decided not
to," said Tim Guinness, chief investment officer of Guinness Atkinson
Asset Management Inc., which oversees $300 million in energy equity
investments. "There is excess supply in the short run, and it wouldn't
surprise us to see the oil price go below $40."
Gasoline futures for February delivery fell 2.71 cents, or 2%, to
$1.3543 a gallon, the lowest settlement since March 2009.
Diesel futures fell 2.30 cents, or 1.3%, to $1.7262 a gallon, the lowest
level since September 2009.
(Timothy Puko and Summer Said contributed to this article.)
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$51.10
-2.01
-3.93%
2015.01.06 end-of-day
$47.93
-2.11
-4.40%
2015.01.06 end-of-day
Commodities
Crud e Oil
47.93
-4.40%
Na tura l G a s
2.94
+1.91%
G a soline
1.35
-2.00%
He a ting Oil
1.73
-1.33%
G old
1219.30
+1.26%
Silve r
16.60
+2.55%
Cop p e r
2.80
+0.39%
2015.01.06 end-of-day
Price
Change
2015.01.06 - $ 47.93
-2.11 -4.40%
1 Year Forecast
$55 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
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Canadas oil shipments plunged in November, triggering the biggest export drop in almost three years
and widening the national trade deficit.
Shipments of crude oil and bitumen dropped 9.9 percent to C$6.9 billion in November, the biggest
decline since February 2011, Statistics Canada said today from Ottawa. Prices fell 6.7 percent and
volumes by 3.4 percent. It was the sixth straight monthly decline in energy shipments.
The report is a setback for policy makers relying on foreign demand to lead an economic recovery.
Plunging prices for Canadas top export may curb the value of shipments abroad this year, eroding
any benefit manufacturers receive from faster U.S. growth and a lower currency.
Canadas trade deficit expanded to C$644 million ($544 million), the widest in a year, exceeding the
highest forecast of 14 economists in a Bloomberg News survey, which had a median of C$200
million. The statistics agency revised its October reading to a C$327 million deficit from a C$99
million surplus.
The November merchandise trade report was bleak, said Benjamin Reitzes, a senior economist at
BMO Capital Markets in Toronto. The trade deficit is likely to worsen materially due to the steep drop
in energy prices.
Canadas total exports fell 3.5 percent to C$43.3 billion, the biggest drop since January 2012. Sales fell
in nine of 11 categories, including an 8.3 percent decline to C$4.95 billion for metal and non-metallic
minerals.
Surging Supply
West Texas Intermediate oil dropped below $48 a barrel yesterday for the first time since April 2009
as surging supply signaled that the global glut that drove crude into a bear market will persist.
Bellatrix Exploration Ltd. said Dec. 22 it would cut its 2015 capital budget to C$300 million from
C$400 million, citing lower energy prices. The Calgary-based company develops oil and natural gas
projects in western Canada.
Imports fell 2.7 percent to C$43.9 billion, the first decline since June, Statistics Canada said.
http://www.bloomberg.com/news/print/2015-01-07/canada-exports-drop-most-in-3-years-as-trade-gap-widens.html
1/2
1/7/2015
The volume of exports declined 1.6 percent, and import volumes fell 1.7 percent, Statistics Canada
said. Volume figures adjust for price changes and can be a better indicator of how trade contributes to
economic growth.
The surplus with the U.S. narrowed to C$2.9 billion in November from C$3.2 billion a month earlier.
Exports make up about one-third of Canadas economy, with about 75 percent of the shipments going
to the U.S.
Red-Ink Month
The deficit with countries other than the U.S. widened to C$3.6 billion from C$3.5 billion.
This is a red ink month, it seems almost completely across the board as Canadian merchandise
exports took a breather, Peter Hall, said chief economist at Export Development Canada in Ottawa, a
government financing agency. Pushing the panic button is not on at this moment, because leading
up to this we have had a strong run.
Exports remained 8.4 percent higher in November than they were 12 months earlier, and energy
products were 1.1 percent greater, Statistics Canada said.
Canadas dollar was little changed at C$1.1827 per U.S. dollar at 10:23 a.m. Toronto time after
touching the lowest in almost six years today. The weaker currency makes Canadian goods cheaper
for international customers.
To contact the reporter on this story: Greg Quinn in Ottawa at gquinn1@bloomberg.net
To contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net; Chris
Fournier at cfournier3@bloomberg.net Chris Wellisz, Chris Fournier
2015 BLOOMBERG L.P. ALL RIGHTS RESERVED.
http://www.bloomberg.com/news/print/2015-01-07/canada-exports-drop-most-in-3-years-as-trade-gap-widens.html
2/2
1/8/2015
(Corrects to remove reference to number of naira trades in second paragraph in story published Jan.
6.)
The naira weakened a second day and Nigerian stocks headed for biggest drop since 2010 as central
bank measures to protect the currency of Africas largest crude producer from falling oil prices stifled
trading.
The naira weakened 0.8 percent to 185 per dollar, extending losses over the past three months to 11
percent, the most of 24 African currencies tracked by Bloomberg.
The Abuja-based regulator last month told banks to clear foreign exchange positions daily, having
previously allowed them net-open positions of 1 percent of shareholder funds. The move has made it
difficult for non-Nigerian investors to exit their holdings, according to Samir Gadio, head of African
strategy at Standard Chartered Plc.
For those who remain in Nigeria, its become virtually impossible to get out, he said by phone from
London. Theres a risk that these measures last as long as the central bank feels it doesnt have the
ability to control the exchange rate.
Calls to the mobile phones of Ibrahim Muazu, a spokesman for the central bank, werent picked up
and he didnt immediately respond to e-mailed questions. The steps are short-term measures to
stabilize the market, he said last month.
Naira Devaluation
Nigeria, which relies on oil for 70 percent of its budget and over 90 percent of exports, has been
battered by Brent crude prices more than halving since June to under $52 a barrel. The central bank
raised interest rates to a record 13 percent and devalued its target exchange rate for the naira to 5
percent either side of 168 per dollar in November. Finance Minister Ngozi Okonjo-Iweala proposed
cutting this years budget by 8 percent.
The Nigerian Stock Exchange All Share Index (NGSEINDX) plunged 4.2 percent, the most on a
closing basis since March 2010, to 32,533.21. Volumes amounted to 66 percent of the three-month
http://www.bloomberg.com/news/print/2015-01-06/nigeria-s-naira-drops-as-central-bank-controls-choke-trading.html
1/2
1/8/2015
daily average. Nigerian Breweries Plc fell 9.6 percent for the biggest one-day fall since December
2004. United Bank for Africa Plc, the countrys third biggest bank by assets, slipped 7.4 percent to the
lowest level since Dec. 22.
To contact the reporter on this story: Paul Wallace in London at pwallace25@bloomberg.net
To contact the editors responsible for this story: Vernon Wessels at vwessels@bloomberg.net Chris Kay
2015 BLOOMBERG L.P. ALL RIGHTS RESERVED.
http://www.bloomberg.com/news/print/2015-01-06/nigeria-s-naira-drops-as-central-bank-controls-choke-trading.html
2/2
1/8/2015
Business Markets
Published: January 7, 2015 16:36 IST | Updated: January 7, 2015 18:50 IST
A day after plummeting to its biggest loss since September 3, 2013, a benchmark index of Indian equities markets
closed Wednesdays trade down 79 points or 0.29 per cent.
The barometer index fell by 855 points on Tuesday, as global markets plummeted on fears of continued downfall in
crude oil prices and speculations over Greeces exit from the eurozone.
In Wednesdays trade, heavy selling pressure was seen in metal, banking, information technology (IT), healthcare,
technology, entertainment and media (TecK) sectors, while healthy buying was observed in oil and gas, consumer
durables and capital goods stocks.
The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 26,983.43 points,
closed at 26,908.82 points (provisional), down 78.64 points or 0.29 per cent from the previous days close at
26,987.46 points.
The Sensex touched a high of 27,051.60 points and a low of 26,776.12 points in the intra-day trade.
The S&P metal index dropped by 149.85 points, bankex plunged by 136.99 points, IT index was lower by 50.65 points,
healthcare index dropped by 26.88 points and TecK index slipped by 20.69 points.
However, oil and gas index gained by 132.11 points, followed by consumer durables index which was up 25.25 points
and capital goods index which closed the days trade up 20.69 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) closed the trade down 25.25 points or 0.31 percent at
8,102.10 points.
Keywords: Sensex, Nifty, BSE, NSE, stock exchanges
Printable version | Jan 9, 2015 7:02:39 AM | http://www.thehindu.com/business/markets/sensex-closes-79-pointsdown-metal-stocks-fall/article6764129.ece
The Hindu
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US stock indexes slip in early trading as investors weigh job gains; Retailers lose ground | Fox Business
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$50.11
-0.85
-1.70%
2015.01.09 end-of-day
$48.36
-0.43
-0.89%
2015.01.09 end-of-day
Commodities
Crud e Oil
48.36
-0.89%
Na tura l G a s
2.95
+0.64%
G a soline
1.32
-1.34%
He a ting Oil
1.70
-0.47%
G old
1216.00
+0.62%
Silve r
16.39
+0.21%
Cop p e r
2.79
-0.59%
2015.01.09 end-of-day
Price
Change
2015.01.09 - $ 48.36
-0.43 -0.89%
1 Year Forecast
$55 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
1/12/2015
$47.43
-2.68
-5.65%
2015.01.12 end-of-day
$46.07
-2.29
-4.97%
2015.01.12 end-of-day
Commodities
Crud e Oil
46.07
-4.97%
Na tura l G a s
2.80
-5.40%
G a soline
1.27
-3.82%
He a ting Oil
1.65
-2.96%
G old
1232.70
+1.35%
Silve r
16.54
+0.90%
Cop p e r
2.76
-1.00%
2015.01.12 end-of-day
Price
Change
2015.01.12 - $ 46.07
-2.29 -4.97%
1 Year Forecast
$52 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
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1/12/2015
Energy Leads Wall Street to Second Straight Down Day | Fox Business
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Energy Leads Wall Street to Second Straight Down Day | Fox Business
Profit forecasts for S&P 500 energy companies have dropped sharply FROM OUR SPONSORS
in recent months, with fourth-quarter earnings for the sector now
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The S&P 500 is down 3 percent since its Dec. 29 record high,
pressured by concerns about plunging oil prices, global economic
weakness and Greece's potential exit from the euro zone.
After the bell, shares of Alcoa rose 1.7 percent to $16.44 following the
release of its results.
Financials including JPMorgan Chase, Wells Fargo , Goldman Sachs
and Citigroup are among companies also due to report this week,
along with Dow component Intel Corp.
Tiffany & Co shares slumped 14 percent to $89.01 after the upscale
jeweler cut its full-year profit forecast, citing a disappointing holiday
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NPS Pharmaceuticals shares jumped 8.2 percent to $45.35 and were
among the most active on Nasdaq after Shire Plc agreed to acquire
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percent to $209.10.
About 6.4 billion shares changed hands on U.S. exchanges, below the
7.3 billion average for the last five sessions, according to BATS
Global Markets.
NYSE declining issues outnumbered advancers 1,917 to 1,154, for a
1.66-to-1 ratio; on the Nasdaq, 1,701 issues fell and 1,055 advanced,
for a 1.61-to-1 ratio favoring decliners.
The S&P 500 posted 29 new 52-week highs and 23 new lows; the
Nasdaq Composite recorded 75 new highs and 89 new lows.
(By Caroline Valetkevitch; Editing by Bernadette Baum, Nick
Zieminski and Meredith Mazzilli)
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Sensex sheds 159 points; oil rout spooks global markets | Business Line
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Sensex sheds 159 points; oil rout spooks global markets | Business Line
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Sensex, Nifty fall for second day on weak global cues - The Hindu
Business Markets
Published: January 14, 2015 16:49 IST | Updated: January 14, 2015 16:49 IST
The stock markets on Wednesday fell for the second straight session with benchmark Sensex dropping nearly 79
points to end at 27,346.82 as ITC shares tanked on worries related to proposed ban on sale of loose cigarettes while
metal stocks tracked weak global cues.
Selling was seen in metal, FMCG, healthcare, realty, banking, oil & gas, consumer durables, PSU and power sector
stocks.
WPI inflation rose marginally to 0.1 per cent in December but the data was discounted by the participants, traders
said.
After yesterdays over 159-point fall, the 30-share BSE Sensex opened in positive terrain but slipped into the negative
zone to touch the days low of 27,203.25. It settled down by 78.91 points, or 0.29 per cent, at 27,346.82.
Shares of ITC, having 10.75 per cent weight on the Sensex, tumbled down by 3.29 per cent after government proposed
to amend the anti-smoking law and proposed radical changes, including ban on sale of loose cigarettes.
Sentiments were dampened largely in tandem with a weak trend at other Asian stocks after base metal prices
slumped as slowing global growth dims the outlook for commodities. This triggered selling in metal space stocks on
domestic bourses, said equity brokers.
Sesa Sterlite, Hindalco, Tata Steel, Hindustan Zinc, JSW Steel, SAIL, Jindal Steel and Power, National Aluminium
and NMDC fell up to 8 per cent per cent. Overall, 19 Sensex constituents declined while 11 rose.
The 50-issue NSE Nifty ended 21.85 points, or 0.26 per cent, down at 8,277.55 after shuttling between 8,326.45 and
8,236.65.
http://www.thehindu.com/business/markets/sensex-nifty-fall-for-second-day-on-weak-global-cues/article6789070.ece?css=print
1/2
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Sensex, Nifty fall for second day on weak global cues - The Hindu
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Another volatile day on Wall Street ended Wednesday with the major
stock indexes far from their session lows but still beaten down by an
array of data that once again raised concerns of a global economic
slowdown and left investors jittery.
All three major indexes closed lower. The Dow Jones Industrial
Dunstan Prial
by all-electric
Average closed down 186 points, or 1.06%, to 17427. The S&P 500
Em ail
Again
The closing figures were a significant rebound from earlier lows, when
Share
the Dow, for instance, had fallen more than 340 points.
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Investors also got a mixed read on U.S. import and export prices for
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December.
J.P. Morgan said its fourth-quarter profit and revenue fell as the firm
faced a one-time $990 million legal costs. Results missed Wall Street
expectations, sending shares down 3.7%. Wells Fargo & Co. said
fourth-quarter net income rose 1.8% on the back of stronger loan
growth. Quarterly revenue beat expectations, yet shares fell 0.67%.
Turning away from riskier stocks, investors sought refuge in safer
assets such as U.S. government bonds. The yield on the 10-year
Treasury note dropped to 1.792% from 1.890% on Tuesday. On
Wednesday, the yield on the 30-year bond hit as low as 2.375%,
breaking the 2.439% set in July 2012, which had been the lowest
intraday yield for the maturity on record.
Solid recent labor reports, with the economy adding well more than
200,000 new jobs each month as the headline unemployment rate has
fallen to its lowest level in six years, combined with rapidly falling
energy prices had led economists to predict that consumer spending
would pick up significantly in the last quarter of 2014.
The results were disappointing, and were weak even after accounting
for the huge plunge in gasoline prices, Stuart Hoffman and Gus
Faucher, economists at PNC Financial Services said. The new data
indicate that the holiday season was an OK one, but not great, the
economists said.
All of which raises new concerns about the strength of the momentum
of the ongoing U.S. recovery. The disappointing retail sales report
came a day after the World Bank cut its outlook for global growth in
2015.
Stock markets have been increasingly volatile in recent days as
investors respond to mixed data and try to determine where the global
economy is headed.
Stocks ended lower on Tuesday after swinging wildly during the
session. The Dow fell 0.2% to 17613.68 and the S&P declined 0.3%
to 2023.03.
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Stop this stock market ride! I want to get off! - Jan. 14, 2015
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If Pepto-Bismol and Emetrol sales aren't surging at drug stores in lower Manhattan these days, they should be. The stock
market is off to a nausea-inducing start to 2015.
Stocks plunged Wednesday. The Dow was down nearly 350 points in midday trading before bouncing back a bit. But it still
finished the day with a 187-point loss.
The reason for the sell-off? Investors were worried about a surprise drop in retail sales in December, weak results from
megabank JPMorgan Chase (JPM) and a more bearish outlook about the global economy from the World Bank.
Related: 3 red flags causing the market to panic
Despite the big declines Wednesday, the Dow and S&P 500 are still not that far below their all-time highs. They are each just
4% off the records they hit in late December. That's still a long ways from a 10% correction.
Volatility has returned with a vengeance this January. The Dow has been moving up or down by at least 100 points nearly
every day this year.
CNNMoney's Fear & Greed Index is showing signs of Extreme Fear again. And a volatility gauge known as the VIX (VIX),
which is one of the components in our index, is up nearly 20% so far this year.
Oil prices actually stabilized on Wednesday. But the large drop in crude that started last fall and has continued into 2015 has
definitely been one reason why traders have been rattled.
http://money.cnn.com/2015/01/14/investing/stocks-market-volatility/index.html
1/12
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Stop this stock market ride! I want to get off! - Jan. 14, 2015
http://money.cnn.com/2015/01/14/investing/stocks-market-volatility/index.html
2/12
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Stop this stock market ride! I want to get off! - Jan. 14, 2015
But the biggest driver of the market for the rest of the month may be Europe.
The European Central Bank holds an important policy meeting next week. It is expected to unveil some sort of bond buying
program, a round of quantitative easing similar to the one that the Federal Reserve ended last year. But if the ECB's QE is not
as big and bold as the market wants, that could be a problem.
Related: One more step closer to European QE
And just days after the ECB meeting, elections in Greece will be held. Their outcome may determine whether Greece stays in
the eurozone or not. The euro currency has already plunged to multi-year lows. If Greece drops the euro, that has the potential
to roil the global currency and stock markets even further.
In other words, buckle up. It's going to be a bumpy ride. There's a lot to worry about.
"I feel like a juggler on the old Ed Sullivan Show. It's hard to figure out what to catch without dropping something else," Joy
said.
Next Advisor
Sign in
Newest
Oldest
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By Michael Goldstein / Market Radar / Pub lished January 15, 2015 / FOXBusiness
The major U.S. stock benchmarks fell for the fifth consecutive day as
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oil prices resumed their slide and the Swiss central bank
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After snapping a three day losing streak with yesterdays big gain,
Nymex crude resumed its downward slide falling 4.6% to settle at
Will the Swiss Miss-
$46.25 per barrel down $2.23. Gold prices rose 2.45% as the
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Major indexes, however, rose for the first week in four, boosted in part
by the European Central Bank's decision on Thursday to further
Joe Theismann on
New England
Patriots
percent after Goldman Sachs cut its price target on various miners
controversy
$700M Venezuela
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"From where we're sitting, we're sensing continuation (from last year),
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At the close of trade the Dow Jones Industrial Average plunged 291
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4681. The Dow recovered from heavy losses earlier in the day in
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Meanwhile, the energy and utility sectors were the only two S&P 500
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CAT
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After the closing bell Wednesday, Microsoft revealed fiscal secondquarter revenues that beat Wall Street expectations, but it its bottom
line was hit by higher expenses including the tech titans restructuring
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slowest pace since October 2012. New home sales data from the
Commerce Department, meanwhile came in better than expected as
sales rose to an annualized rate of 481,000 units in December from
431,000 units the month prior. The reading beat expectations for a
shallower increase to 450,000 units.
Finally, a reading on consumer confidence showed shoppers were
more optimistic as the holiday shopping season came to a close. The
Conference Board reported its gauge jumped to 102.9 in January
from 93.1 in December, which topped expectations for an increase to
96.
Chris Chistopher, director of consumer economics at HIS Global
Insight noted to clients Tuesday consumer confidence is nearly 30%
higher in January this year compared to last, which helped boost
spending on autos, large-ticket durable goods, and clothing.
This is a good report, he said. It indicates that consumer confidence
is starting the New Year at a relatively elevated level. We expect
consumer confidence to gain further traction in 2015 as job prospects
and disposable income growth increase.
Commodities Bounce
U.S. crude futures traded more than 2% higher, a move that barely
dents the 60% loss oil has taken over the past 12 months. Gold,
meanwhile, rose 0.93% to xx per troy ounce.
Elsewhere, the euro jumped 0.87% against the U.S. dollar to $1.1336.
The yield on the benchmark 10-year U.S. Treasury note fell 0.05
percentage point to 1.78% as traders bid up the safe-haven asset.
Follow Victoria Craig on Twitter @VictoriaCraig.
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"It was more hawkish than people thought. But you are counting grains
of sand coming through the hourglass so I don't think you will see it
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resonate much longer than what we've seen in the last hour or so,"
Massocca said.
"I don't think anyone is going to overreact here, but it was a surprising
to me. I thought they would turn the dial 2 degrees and they turned it 6
degrees," he said.
Bond prices rose after the statement, which may also have put some
pressure on stocks.
The Dow Jones industrial average fell 195.84 points, or 1.13 percent,
to 17,191.37, the S&P 500 lost 27.39 points, or 1.35 percent, to
2,002.16 and the Nasdaq Composite dropped 43.50 points, or 0.93
percent, to 4,637.99.
The S&P energy sector finished down 3.9 percent as U.S. crude
futures tumbled more than 4 percent to $44.31 per barrel. Barclays
and Goldman Sachs posted bearish notes on oil earlier in the day.
"Today's statement makes it apparent that they are less convinced
that the core can stay insulated from the drop in oil prices," said Brian
Jacobsen, chief portfolio strategist at Wells Fargo Funds
Management in Menomonee Falls, Wisconsin. "Now, September is
when I think the Fed will lift rates off zero."
The market had been boosted earlier by earnings from companies
including Apple and Boeing.
A 5.7 percent advance in Apple shares limited losses on the Nasdaq.
Apple smashed Wall Street expectations with record sales of bigscreen iPhones in the holiday shopping season, which helped the
company post the largest quarterly profit in corporate history.
Boeing added 5.4 percent after handily beating top- and bottom-line
expectations.
NYSE decliners outnumbered advancers 2,284 to 825, for a 2.77-to-1
ratio; on the Nasdaq, 2,077 issues fell and 665 advanced for a 3.12to-1 ratio.
The S&P 500 posted 58 new 52-week highs and 14 lows; the Nasdaq
Composite recorded 72 new highs and 71 lows.
Volume was heavier, with about 7.6 billion shares traded on U.S.
exchanges, above the 7.16 billion average for the month so far,
according to BATS Global Markets.
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4/4
2/4/2015
$54.16
-3.75
-6.92%
2015.02.04 end-of-day
$48.45
-4.60
-9.49%
2015.02.04 end-of-day
Commodities
Crud e Oil
48.45
-9.49%
Na tura l G a s
2.66
-3.46%
G a soline
1.48
-8.07%
He a ting Oil
1.77
-4.52%
G old
1263.80
+0.32%
Silve r
17.38
+0.43%
Cop p e r
2.61
+0.46%
2015.02.04 end-of-day
Price
Change
2015.02.04 - $ 48.45
-4.60 -9.49%
1 Year Forecast
$55 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
2/9/2015
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2/9/2015
Sensex tanks 490 points to close at 3-week low; Nifty below 8550 - The Hindu
Business Markets
Published: February 9, 2015 16:24 IST | Updated: February 9, 2015 20:30 IST
Sensex tanks 490 points to close at 3-week low; Nifty below 8550
PTI
The Sensex touched a high of 28,566.50 points and a low of 28,183.32 points in the intra-day trade. File photo
PTI
Extending losses for the seventh day in a row, the benchmark BSE Sensex on Monday tanked 490 points to close at
about three-week low of 28,227.39 after exit polls predicted BJPs defeat in Delhi elections and weaker-than- expected
results by corporates like L&T.
Besides, the rupee weakened against the dollar to over three-week low of 62.20 (intra-day) on sustained capital
outflows which dampened market sentiments.
Stocks of capital goods, metal, auto, banking, consumer durables, FMCG and refinery declined sharply on heavy
selling pressure.
Disappointing corporate earnings and caution ahead of GDP data for December quarter also cast a shadow on
trading sentiments, brokers said.
Markets reacted negatively to exit polls on Delhi election, which indicates the Aam Aadmi Party would form the
government in Delhi and that would be the first state election defeat of party ruling in Centre, post Lok Sabha
election, said Jayant Manglik, President-retail distribution, Religare Securities Ltd.
http://www.thehindu.com/business/markets/sensex-closes-491-points-down-capital-goods-stocks-plunge/article6874649.ece?css=print
1/2
2/9/2015
Sensex tanks 490 points to close at 3-week low; Nifty below 8550 - The Hindu
Announcement of weaker than expected corporate earnings from infra major L&T worsened the sentiments in the
end, he added.
Larsen & Toubro fell the most by 6.61 per cent among 30 Sensex scrips after it reported 8.7 per cent rise in
consolidated net profit at Rs. 866.54 crore for the third quarter of 2014-15.
Exit polls are indicating majority of AAP in Delhi. Weak quarterly results in some stocks, mixed global cues, profit
booking and speculations ahead of election results have made investors cautious, said Rakesh Goyal, Senior Vice
President, Bonanza Portfolio.
The Sensex resumed lower at 28,566.50 and dropped further to 28,183.32 before finishing at 28,227.39, showing a
loss of 490.52 points or 1.71 per cent. This is its weakest closing since January 16.
The CNX 50-share Nifty also fell by 134.70 points or 1.56 per cent to 8,526.35.
Keywords: Sensex, Indian stock market, BSE, NSE, Nifty
Printable version | Feb 10, 2015 2:58:37 AM | http://www.thehindu.com/business/markets/sensex-closes-491-pointsdown-capital-goods-stocks-plunge/article6874649.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-closes-491-points-down-capital-goods-stocks-plunge/article6874649.ece?css=print
2/2
2/10/2015
$56.43
-1.91
-3.38%
2015.02.10 end-of-day
$50.02
-2.84
-5.68%
2015.02.10 end-of-day
Commodities
Crud e Oil
50.02
-5.68%
Na tura l G a s
2.68
+2.99%
G a soline
1.55
-1.67%
He a ting Oil
1.83
-2.19%
G old
1231.60
-0.75%
Silve r
16.86
-1.17%
Cop p e r
2.56
-1.42%
2015.02.10 end-of-day
Price
Change
2015.02.10 - $ 50.02
-2.84 -5.68%
1 Year Forecast
$57 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
2/12/2015
$54.66
-1.77
-3.24%
2015.02.11 end-of-day
$48.84
-1.18
-2.42%
2015.02.11 end-of-day
Commodities
Crud e Oil
48.84
-2.42%
Na tura l G a s
2.80
+4.29%
G a soline
1.54
-0.59%
He a ting Oil
1.81
-1.03%
G old
1219.00
-1.03%
Silve r
16.75
-0.67%
Cop p e r
2.55
-0.39%
2015.02.11 end-of-day
Price
Change
2015.02.11 - $ 48.84
-1.18 -2.42%
1 Year Forecast
$56 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
2/19/2015
$60.53
-2.00
-3.30%
2015.02.18 end-of-day
$52.14
-1.39
-2.67%
2015.02.18 end-of-day
Commodities
Crud e Oil
52.14
-2.67%
Na tura l G a s
2.83
+2.54%
G a soline
1.57
-1.05%
He a ting Oil
1.96
-0.92%
G old
1199.70
-0.70%
Silve r
16.25
-0.69%
Cop p e r
2.64
+1.70%
2015.02.18 end-of-day
Price
Change
2015.02.18 - $ 52.14
-1.39 -2.67%
1 Year Forecast
$59 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
2/24/2015
$58.90
-1.32
-2.24%
2015.02.23 end-of-day
$49.45
-1.36
-2.75%
2015.02.23 end-of-day
Commodities
Crud e Oil
49.45
-2.75%
Na tura l G a s
2.88
-2.50%
G a soline
1.65
+0.33%
He a ting Oil
2.22
+4.78%
G old
1200.30
-0.34%
Silve r
16.25
-0.10%
Cop p e r
2.64
+1.10%
2015.02.23 end-of-day
Price
Change
2015.02.23 - $ 49.45
-1.36 -2.75%
1 Year Forecast
$56 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
2/24/2015
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
2/2
2/26/2015
Sensex plunges 303 points as Rail Budget fails to cheer markets - The Hindu
Business Markets
Sensex plunges 303 points as Rail Budget fails to cheer markets
PTI
Sensex dipped below the 29,000-level during mid-session trading on Thursday after the Rail Budget failed to impress investors. File photo
AP
The benchmark BSE Sensex plunged by 303 points to dip below the 29,000-level during mid-session trading on
Thursday after the Rail Budget failed to impress investors.
Besides, trimming of positions by cautious participants in view of monthly expiry in the derivatives segment,
influenced the trading sentiment, brokers said.
The 30-share BSE Sensex dipped below the 29,000-mark by falling 303 points, or 1.04 per cent, at 28,704.99 as
selling activity gathered momentum.
Similarly, the National Stock Exchange index Nifty lost 77.35 points, or 0.88 per cent, to 8,689.90.
Shares of companies related to the railway sector came under pressure despite a series of measures proposed in the
Rail Budget such as reviewing the wagon-making scheme to make it attractive for private investors.
Major losers on the Sensex were Texmaco Rail ( 5.78 per cent), Titagarh Wagons ( 5.97 per cent), Kalindee Rail
Nirman ( 5.89 per cent), Kernex Micro ( 0.11 per cent), Stone India ( 8.60 per cent), Simplex Castings ( 3.72
per cent) and BEML ( 0.43 per cent).
Besides, BHEL fell 2.94 per cent, Sun Pharma ( 2.34 per cent), Infosys ( 1.82 per cent), Bajaj Auto ( 1.75 per
cent), TCS ( 1.32 per cent), Wipro ( 1.16 per cent), Coal India ( 1.03 per cent), ITC Ltd ( 0.99 per cent) and
Hindustan Unilever ( 0.93 per cent), dragged down the Sensex.
Keywords: Sensex, Railway Budget
http://www.thehindu.com/business/markets/sensex-up-49-points-auto-stocks-gain/article6936252.ece
1/1
2/27/2015
$60.05
-1.58
-2.63%
2015.02.26 end-of-day
$48.17
-2.82
-5.85%
2015.02.26 end-of-day
Commodities
Crud e Oil
48.17
-5.85%
Na tura l G a s
2.70
-6.12%
G a soline
1.71
-0.65%
He a ting Oil
2.14
+1.51%
G old
1209.60
+0.71%
Silve r
16.58
+0.92%
Cop p e r
2.71
+1.86%
2015.02.26 end-of-day
Price
Change
2015.02.26 - $ 48.17
-2.82 -5.85%
1 Year Forecast
$55 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
3/2/2015
$59.54
-3.04
-5.11%
2015.03.02 end-of-day
$49.59
-0.17
-0.34%
2015.03.02 end-of-day
Commodities
Crud e Oil
49.59
-0.34%
Na tura l G a s
2.70
-1.33%
G a soline
1.90
-4.25%
He a ting Oil
1.89
-4.58%
G old
1207.70
-0.41%
Silve r
16.41
-0.65%
Cop p e r
2.71
-0.18%
2015.03.02 end-of-day
Price
Change
2015.03.02 - $ 49.59
-0.17 -0.34%
1 Year Forecast
$57 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
3/6/2015
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3/3
3/7/2015
$59.73
-0.75
-1.26%
2015.03.06 end-of-day
$49.61
-1.15
-2.32%
2015.03.06 end-of-day
Commodities
Crud e Oil
49.61
-2.32%
Na tura l G a s
2.84
G a soline
1.88
-0.29%
He a ting Oil
1.87
-0.44%
G old
1164.10
-2.73%
Silve r
15.78
-2.20%
Cop p e r
2.63
-1.64%
2015.03.06 end-of-day
Price
Change
2015.03.06 - $ 49.61
-1.15 -2.32%
1 Year Forecast
$57 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
3/9/2015
Business Markets
Published: March 9, 2015 16:29 IST | Updated: March 9, 2015 16:29 IST
A benchmark index of Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex) provisionally closed on
Mondays trade down 628 points or 2.13 per cent.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) also closed the days trade with heavy losses. It was
down 195.45 points or 2.19 per cent at 8,742.30 points (provisionally closed subject to change).
The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 29,316.54 points, closed the days trade at
28,820.68 points (at 3.30 p.m.), down 628.27 points or 2.13 per cent from the previous days close at 29,448.95
points.
The Sensex had touched a high of 29,321.06 points and a low of 28,806.42 points in the intra-day trade.
Keywords: sensex, BSE, NSE, nifty, Indian stock market
Printable version | Mar 9, 2015 7:14:58 PM | http://www.thehindu.com/business/markets/sensex- View comment (1)
closes-628-points-down/article6974824.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-closes-628-points-down/article6974824.ece?css=print
1/1
3/10/2015
Sensex drops 135 points to one-month low; Nifty slips 44 points - The Hindu
Business Markets
Published: March 10, 2015 16:36 IST | Updated: March 10, 2015 17:18 IST
Stock markets fell for the second straight session with the benchmark Sensex on Tuesday sliding 134.91 points to onemonth low of 28,709.87 as investors sold realty, power and oil & gas shares amid lingering worries over an earlierthan-expected hike in U.S. interest rates.
After yesterdays over 604-point crash, the 30-share BSE Sensex opened in positive terrain but soon succumbed to
selling pressure. It touched days low of 28,584.49.
A late round of buying helped reduce some losses and the Sensex settled at 28,709.87, its weakest closing since
February 11, down 134.91 points, or 0.47 per cent. Intra-day, it touched a high of 28,949.11.
The 50-issue NSE Nifty lost 44.70 points, or 0.51 per cent, to settle the session at 8,712.05. Intra-day, it dipped below
the key 8700-mark to touch a low of 8,677.35.
Prominent losers that pulled down the indices include HDFC, Hindustan Unilever, Hindalco, Sun Pharma, Tata Steel,
Tata Power, NTPC, RIL, SBI, Axis Bank, HDFC Bank and Dr Reddy.
Sesa Sterlite, Tata Motors, Maruti Suzuki, L&T, GAIL, Cipla and ONGC also saw moderate losses.
As many as 20 out of 30 Sensex constituent stocks closed in the red, while 10 ended in the green.
Shares of telecom firms such as Airtel, Idea and RCom were in the limelight after analysts said bidding intensity in
the ongoing spectrum auction has subsided.
Select stocks in auto space like M&M, Bajaj Auto and Hero Moto rose after car sales in India grew by 6.85 per cent in
February. Also, industry body SIAM said it expects sales to be in positive with single-digit growth this fiscal.
The mood was cautious amid a persisting downward trend in global markets that negatively impacted domestic
equities.
Foreign Portfolio Investors bought shares worth net Rs. 838.30 crore while Domestic institutional Investors sold
shares worth Rs. 35.31 crore yesterday, provisional data shows.
Sectorally, the BSE Realty index suffered the most by losing 1.83 per cent, followed by Oil & Gas (0.78 per cent), Power
(0.63 per cent), Banking (0.49 per cent), Capital Goods (0.41 per cent) and FMCG (0.39 per cent) among others.
Bucking the trend, Consumer Durables index rose 1.20 per cent, Teck index 0.78 per cent, Metal index 0.58 per cent
and Auto index 0.37 per cent.
Keywords: sensex, BSE, NSE, nifty, Indian stock market
http://www.thehindu.com/business/markets/sensex-drops-135-points-to-onemonth-low-nifty-slips-44-points/article6978308.ece?css=print
1/2
3/10/2015
Sensex drops 135 points to one-month low; Nifty slips 44 points - The Hindu
http://www.thehindu.com/business/markets/sensex-drops-135-points-to-onemonth-low-nifty-slips-44-points/article6978308.ece?css=print
2/2
3/10/2015
Wall Street Falls as Investors See Earlier Rate Hike | Fox Business
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Wall Street Falls as Investors See Earlier Rate Hike | Fox Business
The Dow Jones industrial average <.DJI> fell 332.78 points, or 1.85
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Wall Street Falls as Investors See Earlier Rate Hike | Fox Business
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4/4
3/10/2015
$56.39
-2.14
-3.79%
2015.03.10 end-of-day
$48.29
-1.71
-3.54%
2015.03.10 end-of-day
Commodities
Crud e Oil
48.29
-3.54%
Na tura l G a s
2.73
+1.98%
G a soline
1.82
-3.10%
He a ting Oil
1.81
-1.45%
G old
1160.10
-0.54%
Silve r
15.61
-0.91%
Cop p e r
2.64
-1.97%
2015.03.10 end-of-day
Price
Change
2015.03.10 - $ 48.29
-1.71 -3.54%
1 Year Forecast
$55 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
3/11/2015
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3/12/2015
$57.08
-0.46
-0.81%
2015.03.12 end-of-day
$47.05
-1.12
-2.38%
2015.03.12 end-of-day
Commodities
Crud e Oil
47.05
-2.38%
Na tura l G a s
2.73
-3.29%
G a soline
1.81
-0.93%
He a ting Oil
1.78
-2.32%
G old
1152.10
+0.12%
Silve r
15.49
+0.96%
Cop p e r
2.67
+1.94%
2015.03.12 end-of-day
Price
Change
2015.03.12 - $ 47.05
-1.12 -2.38%
1 Year Forecast
$54 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
3/13/2015
Sensex tanks 427 points after inflation-rise hits rate-cut hopessa - The Hindu
Business Markets
Published: March 13, 2015 17:05 IST | Updated: March 13, 2015 17:10 IST
It had regained 29,000-mark earlier in the day over the passing of the Insurance Bill. During the week, it fell 1,216.89 points this
years biggest weekly drop.
The benchmark Sensex on Friday erased early gains and ended sharply down by over 427 points on selling in capital
goods, banking, FMCG and power stocks after rise in retail inflation hit hopes of aggressive rate cuts.
During the week, the Sensex fell 1,216.89 points this years biggest weekly drop.
After rising to the days high of 29,183.76 in morning trade following passage of Insurance Bill in Parliament, the
Sensex slipped into the negative zone. As participants focussed on retail inflation that rose to three month high of 5.37
per cent in February, up from 5.19 percent in January, rate-sensitive shares were hit.
As selling picked up pace, the Sensex touched a low of 28,448.48 before ending at 28,503.30, down 427.11 points, or
1.48 per cent. The gauge had gained over 271 points in yesterdays session on hopes of passage of Insurance Bill.
The uptick in food inflation could continue into March with rain disruptions over last month causing some short
term flare ups....given the limited room to manoeuvre and RBIs challenging task of taking CPI inflation down to 4 per
cent by early 2018, the central bank can ill afford to cut policy rates aggressively from here, said Pranjul Bhandari,
Chief India Economist, HSBC.
Markets had opened on a strong footing with Sensex and Nifty regaining 29,000 and 8,800-mark respectively.
Better-than-expected factory output, which grew 2.6 per cent in January, aided sentiments but inflation played
spoilsport.
The NSE Nifty, which breached the 8,800-level to touch the days high of 8,849.75 at the outset, succumbed to broadbased selling. It then touched a low of 8,631.75 before settling down 128.25 points, or 1.46 per cent, at 8,647.75.
Major losers that dragged down the key indices were BHEL, L&T, Bajaj Auto, Wipro, Axis Bank, Hindalco, ICICI
Bank, Sun Pharma, Tata Steel, SBI, Tata Power and Sesa Sterlite.
Among 30 Sensex components, 27 stocks ended down while Bharti Airtel, ONGC and NTPC gained.
http://www.thehindu.com/business/markets/sensex-tanks-427-pts-after-inflation-rise-hits-rate-cut-hopes/article6990616.ece?css=print
1/2
3/13/2015
Sensex tanks 427 points after inflation-rise hits rate-cut hopessa - The Hindu
Sectorally, the BSE Capital Goods index suffered the most by falling 2.57 per cent, followed by FMCG index (1.94 pc),
Banking index (1.93 pc), Power Index (1.81 pc), Auto index (1.63 pc), Metal index (1.28 pc) among others.
The BSE Small Cap index ended 1.54 per cent lower while mid-cap index shed 1.37 per cent.
Bucking the trend, DLF scrip zoomed over 5 per cent after the SAT today quashed a SEBI order that had barred the
company from capital markets for 3 years.
Provisional data showed Foreign Portfolio Investors bought shares worth net Rs 733.09 crore yesterday.
Keywords: Sensex, Insurance Bill, reversal of sharp early gains
Printable version | Mar 14, 2015 3:24:20 AM | http://www.thehindu.com/business/markets/sensex-tanks-427-ptsafter-inflation-rise-hits-rate-cut-hopes/article6990616.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-tanks-427-pts-after-inflation-rise-hits-rate-cut-hopes/article6990616.ece?css=print
2/2
3/13/2015
Stock indexes drop as oil prices fall and worries about higher interest rates persist | Fox Business
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3/3
3/14/2015
$54.67
-2.41
-4.41%
2015.03.13 end-of-day
$44.84
-2.21
-4.93%
2015.03.13 end-of-day
Commodities
Crud e Oil
44.84
-4.93%
Na tura l G a s
2.73
-0.26%
G a soline
1.76
-2.68%
He a ting Oil
1.71
-3.86%
G old
1152.60
+0.04%
Silve r
15.48
-0.10%
Cop p e r
2.68
2015.03.13 end-of-day
Price
Change
2015.03.13 - $ 44.84
-2.21 -4.93%
1 Year Forecast
$51 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
3/22/2015
Top9SensexcosloseRs.83,209crinmcapTCStakesbighitTheHindu
BusinessMarkets
Published:March15,201512:10IST|Updated:March15,201512:10IST
Top9SensexcosloseRs.83,209crinmcapTCStakesbighit
PTI
AfilephotooftheBombayStockExchange.Photo:PaulNoronha
TheHindu
ThemcapofTCSplungedRs.22,584.13croretoRs.5,05,557.49crore,themostamongthetop10firms.
Inlinewithanoverallweaktrendinequities,thecombinedmarketvaluationoftopnineSensexcompaniesdropped
sharplybyRs83,209crorelastweek,withITmajorTCStakingthebiggesthit.
BarringCoalIndia,therestofninecompaniessufferederosionintheirmarketcapitalisation(mcap)fortheweek
endedFriday,March13,2015.
ThebenchmarkS&PBSESensexconcludedtheweekat28,503.30,reflectingasharpfallof945.65points,or3.21per
cent.ThisisthebiggestweeklyfallsincemidDecember,whenithadplummetedby1,107.42points,or3.89percent.
ThemcapofTCSplungedRs.22,584.13croretoRs.5,05,557.49crore,themostamongthetop10firms.
RILsvaluationdippedbyRs.11,067.28croretoRs.2,75,081.98croreandHDFCBanklostRs.10,572.37croretoRs.
2,61,265.37crore.
ThemarketcapofHDFCtankedRs.9,587.97croretoRs.2,08,926.07croreandSBIsufferedalossofRs.9,556.14
croretoRs.2,09,675.05crore.
ITCsmarketvaluetumbledRs.5,483.82croretoRs.2,71,469.40croreandthatofSunPharmadiminishedbyRs.
5,219.18croretoRs.2,09,626.80crore.
Similarly,themcapofONGCfellbyRs.5,090.51croretoRs.2,68,514.06croreandInfosysvaluationwentdownby
Rs.4,048.36croretoRs.2,54,553.15crore.
Ontheotherhand,CILaddedRs.473.73croretoRs.2,30,357.81croreinitsmarketcap.
Intherankingoftop10mostvaluedIndianfirmsintermsofmarketvalue,TCSretaineditsnumerounoposition,
followedbyRIL,ITC,ONGC,HDFCBank,Infosys,CIL,SBI,SunPharmaandHDFC.
Printableversion|Mar22,201510:02:53PM|http://www.thehindu.com/business/markets/top9sensexcoslose
rs83209crinmcaptcstakesbighit/article6995805.ece
TheHindu
http://www.thehindu.com/business/markets/top9sensexcoslosers83209crinmcaptcstakesbighit/article6995805.ece?css=print
1/2
3/16/2015
$53.44
-1.23
-2.30%
2015.03.16 end-of-day
$43.88
-0.96
-2.19%
2015.03.16 end-of-day
Commodities
Crud e Oil
43.88
-2.19%
Na tura l G a s
2.72
-0.41%
G a soline
1.73
-1.95%
He a ting Oil
1.70
-0.85%
G old
1153.30
+0.06%
Silve r
15.60
+0.79%
Cop p e r
2.68
2015.03.16 end-of-day
Price
Change
2015.03.16 - $ 43.88
-0.96 -2.19%
1 Year Forecast
$50 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
3/22/2015
Sensexatonemonthlow,down65ptsonprofitbookingTheHindu
BusinessMarkets
Published:March16,201516:56IST|Updated:March16,201517:04IST
Sensexatonemonthlow,down65ptsonprofitbooking
PTI
Inavolatiletrade,thebenchmarkSensextodayfellover65pointstohitanoveronemonthlowof28,437.71onprofit
bookinginmetal,FMCG,oil&gasandpowerstocksaheadoftheUSFederalReservespolicymeet.
The30shareSensex,afterhittingasessionhighof28,581.82inearlytrade,subsequentlysuccumbedtoprofitbooking
inheavyweightstocksandslippedintothenegativezoneasithitalowof28,384.09.
However,gainsinrealty,IT,teck,healthcare,bankingandconsumerdurablessharescushionedthefallintheSensex
thatsettledwithafallof65.59points,or0.23percent,atonemonthlowof28,437.71.
Thegaugehadlost427.11pointsintheprevioussessioninFridayscloseaftertheriseinretailinflationdampened
hopesofaggressiveratecutsbytheRBI.
TheNationalStockExchangeindexNiftyalsoended14.60points,or0.17percent,downat8,633.15aftertouchinga
highof8,663.55andalowof8,612intraday.
MarkethasturnedvolatileaheadoftheFeddecision,theRBIspolicynextmonthandcompanyearningsfortheMarch
quarter,stockbrokerssaid.
Sellingpressurewasvisibleacrosstheboarddespitethesuccessfulcoalandspectrumauctionsandpassageof
InsuranceBillinParliament,theyadded.
Globally,AsianmarketsendedmixedasinvestorsawaitdevelopmentsfromBankofJapanandUSFederalReserve
meetingsthisweekEuropeanmarketswereupintheiropeningtrade.
Duringtheday,governmentdatashowedWholesalePriceIndex(WPI)inflationforFebruarydipped2.06percentas
pricesofgoodarticles,manufactureditemsandfuelproductsfellduringthemonth.
ThisisthefourthmonthinarowthatWPIbasedinflationremainedinthenegativezone.
StocksofSesaSterlitesufferedthemostamongSensexconstituentsbyplunging5.16percent,whileHindalcofinished
3.64percent.
OtherswhichdraggeddowntheindicesincludedBhartiAirtel,NTPC,HDFCLtd,GAIL,DrReddy,ITCLtd,Hind
Unilever,RIL,Cipla,L&T,M&M,TCS,ONGCandMarutiSuzuki.
http://www.thehindu.com/business/markets/sensexatonemonthlowdown65ptsonprofitbooking/article6999606.ece?css=print
1/2
3/22/2015
Sensexatonemonthlow,down65ptsonprofitbookingTheHindu
Infosys,however,gainedthemostbyrising2.28per,followedbySunPharma,TataPower,BHEL,Wipro,HDFCBank,
HeroMotoCorp,BajajAuto,ICICIBank,SBIandTataMotors.
Sectorally,theBSEMetalindexsufferedthemostbyfalling1.49percent,followedbyFMCGindex(0.96pc),Power
indexby(0.78pc),Infrastructureindexby(0.83pc),Oil&Gasindex(0.75pc),CapitalGoodsindexby(0.63pc)and
Autoindex(0.20pc).
Meanwhile,Foreignportfolioinvestors(FPIs)boughtsharesworthanetRs66.98crorelastFriday,asperprovisional
datareleasedbythestockexchanges.
Keywords:Sensex,BSE,Nifty,NSE
Printableversion|Mar22,201510:03:44PM|http://www.thehindu.com/business/markets/sensexatonemonth
lowdown65ptsonprofitbooking/article6999606.ece
TheHindu
http://www.thehindu.com/business/markets/sensexatonemonthlowdown65ptsonprofitbooking/article6999606.ece?css=print
2/2
3/22/2015
Sensexcloses152pointsdownbankingstocksplungeTheHindu
BusinessMarkets
Published:March19,201516:27IST|Updated:March19,201516:51IST
Sensexcloses152pointsdownbankingstocksplunge
IANS
AbenchmarkindexofIndianequitiesmarkets,the30scripSensitiveIndex(Sensex),provisionallyclosedonThursday
152.45pointsor0.53percentdownasbankingstocksplunged.
Thewider50scripNiftyoftheNationalStockExchange(NSE)alsoclosedprovisionally51.25pointsor0.59percent
downat8,634.65points.
TheSensexoftheS&PBombayStockExchange(BSE),whichopenedat28,805.22points,closedat28,469.67points
(provisional),down152.45pointsor0.53percentfromthepreviousdayscloseat28,622.12points.
TheSensextouchedahighof28,978.74pointsandalowof28,411.70pointsinintradaytrade.
Keywords:Sensex,Nifty,BSE,NSE,stockexchanges,stockmarkets
Printableversion|Mar22,201510:05:01PM|http://www.thehindu.com/business/markets/sensexcloses152
pointsdownbankingstocksplunge/article7011514.ece
TheHindu
http://www.thehindu.com/business/markets/sensexcloses152pointsdownbankingstocksplunge/article7011514.ece?css=print
1/1
3/22/2015
Sensexhitsover1monthlowTheHindu
BusinessMarkets
Published:March20,201517:15IST|Updated:March20,201517:15IST
Sensexhitsover1monthlow
PTI
ThedowntrendinmarketscontinuedforthethirdstraightdaywithbenchmarkSensexonFridayslipping209pointsto
over1monthlowandtheNiftyindexfellbelowthekey8,600markonsellinginheavyweightsaheadofquarterly
earningsbeginningearlynextmonth.
Realty,Power,FMCG,ConsumerDurables,Healtchare,Auto,CapitalGoods,Banking,MetalsandOil&Gasstocks
slipped.
TheBSESensexopenedinnegativezone28,465.44andhoveredbetween28,484.36and28,242.40beforesettlingat
28,261.08alossof208.59points.ThisisitslowestclosesinceFebruary9.
Similarly,theNSENiftyindexlost63.75pointstoendbelow8,600markat8,570.90aftermovingbetween8,627.90
and8,563.
NTPCwasthetoploseramongSensexandNiftystocksbyslumping6.25percent.
SunPharmaandCiplafelllargelysuccumbingtoprofitbookingatprevailinglevels.
Amongthe30Sensexconstituents,21endedlowerwhilenineledbyWipro,Infosys,CoalIndiaandTCSendedhigher.
Stocksofsugarcompaniessankaspricesinthedomesticmarketarecurrentlyatoverfiveyearlows.ShreeRenuka
Sugarsfellby4.49percent,BajajHindusthanSugarby4.13percent,DhampurSugarMillsby4.42percent,among
others.
Sectorwise,theBSERealtyindexsufferedthemostbylosing3.74percent,followedbyPowerby2.09percent,FMCG
by2.09percent,ConsumerDurablesby1.93percent,Healtchareby1.52percentandAutoby1.36percent.
SellingpressureinsmallandmidcapstocksalsopulleddowntheBSESmallcapindexby2.14percentandMidcap
indexby1.49percent.
Keywords:Sensex,Nifty
Printableversion|Mar22,201510:06:39PM|http://www.thehindu.com/business/markets/sensexhitsover
1monthlow/article7015668.ece
TheHindu
http://www.thehindu.com/business/markets/sensexhitsover1monthlow/article7015668.ece?css=print
1/1
3/26/2015
Wall Street Falls in Choppy Session But Ends Off Lows | Fox Business
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Wall Street Falls in Choppy Session But Ends Off Lows | Fox Business
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Wall Street Falls in Choppy Session But Ends Off Lows | Fox Business
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4/4
3/27/2015
Sensex crashes 654 points on FII outflow concerns post Yemen air strikes | Business Line
Sensex crashes 654 points on FII outflow concerns post Yemen air strikes
Our Bureau/Agencies
1/2
3/27/2015
Sensex crashes 654 points on FII outflow concerns post Yemen air strikes | Business Line
A report by SMC Investments and Advisors said: "Asian stocks slid following the US stocks as dearth of activity in
markets failed to provide support. US stocks ended low as decelerating growth and declining dollar led to a sell off.
With orders for transportation equipment showing a notable pullback, the Commerce Department released a report
showing that new orders for USmanufactured durable goods unexpectedly decreased in the month of February. The
report said durable goods orders fell by 1.4 per cent in February following a downwardly revised 2.0 per cent increase
in January. The drop in orders came as a surprise to economists, who had expected orders to climb by 0.7 per cent
compared to the 2.8 per cent jump that had been reported for the previous month.''
(This article was published on March 26, 2015)
Printable version | Mar 27, 2015 6:50:15 PM | http://www.thehindubusinessline.com/markets/stock-markets/sensex-sheds-164-points-on-weak-globalcues/article7034808.ece The Hindu Business Line
http://www.thehindubusinessline.com/markets/stock-markets/sensex-sheds-164-points-on-weak-global-cues/article7034808.ece?css=print
2/2
3/27/2015
$56.41
-2.78
-4.93%
2015.03.27 end-of-day
$48.87
-2.56
-5.24%
2015.03.27 end-of-day
Commodities
Crud e Oil
48.87
-5.24%
Na tura l G a s
2.59
-3.17%
G a soline
1.80
-4.66%
He a ting Oil
1.73
-3.48%
G old
1199.80
-0.44%
Silve r
17.05
-0.41%
Cop p e r
2.78
-1.68%
2015.03.27 end-of-day
Price
Change
2015.03.27 - $ 48.87
-2.56 -5.24%
1 Year Forecast
$56 / Barrel
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3/31/2015
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retreated, but the S&P 500 and Nasdaq registered their ninth straight
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The S&P's 500 quarterly winning streak was its longest since 1998,
while the Nasdaq's was its longest ever. The Dow registered a slight
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Comcast CFO to
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Oil was pressured as Iran and six world powers continued talks on a
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for Second-Straight
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The dollar added to its sharp gains for the quarter, stoking worries
Recommended by
The Dow Jones industrial average <.DJI> fell 200.19 points, or 1.11
percent, to 17,776.12, the S&P 500 <.SPX> lost 18.35 points, or 0.88
percent, to 2,067.89 and the Nasdaq Composite <.IXIC> dropped
46.56 points, or 0.94 percent, to 4,900.88.
The day's decline in stocks followed gains of more than 1 percent on
each of the major indexes on Monday. The S&P 500 remains down
2.3 percent from its March 2 record high close.
All three indexes also posted losses for the month, with the Dow down
2 percent, S&P 500 down 1.7 percent and the Nasdaq down 1.3
percent.
For the first quarter, the Dow declined 0.3 percent, the S&P 500
gained 0.4 percent and the Nasdaq gained 3.5 percent.
On the deal front, Charter Communications Inc <CHTR.O> agreed to
acquire Bright House Networks in a roughly $10 billion deal. Charter
rose 5.3 percent to $193.11.
NYSE decliners outnumbered advancers 1,794 to 1,247,; on the
Nasdaq, 1,649 issues fell and 1,090 advanced.
The S&P 500 posted 22 new 52-week highs and 2 new lows; the
Nasdaq Composite recorded 72 new highs and 42 new lows.
About 6.3 billion shares changed hands on U.S. exchanges, below the
6.7 billion daily March average, according to BATS Global Markets.
(By Caroline Valetkevitch; Editing by Nick Zieminski and Christian
Plumb)
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$55.11
-1.18
-2.14%
2015.03.31 end-of-day
$47.60
-1.08
-2.27%
2015.03.31 end-of-day
Commodities
Crud e Oil
47.60
-2.27%
Na tura l G a s
2.64
G a soline
1.78
-1.16%
He a ting Oil
1.72
-0.77%
G old
1183.10
-0.14%
Silve r
16.58
-0.46%
Cop p e r
2.75
-1.47%
2015.03.31 end-of-day
Price
Change
2015.03.31 - $ 47.60
-1.08 -2.27%
1 Year Forecast
$54 / Barrel
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Leading the day's declines for a second day was the S&P health care
Do Earnings Views
sector, which fell 1.2 percent. Health care was the strongest sector in
Adequately Account
Sears Holdings to
Kmart Stores
than a year in March and factory activity hit a near two-year low, fresh
Automakers Reveal
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Estimates for first-quarter results have fallen sharply since Jan. 1, and
earnings for the quarter now are expected to have declined 2.9
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percent from a year ago, which would be the worst quarter for S&P
500 companies since 2009, Thomson Reuters data showed.
"People continue to have concerns about earnings weakness and
economic weakness," said Stephen Massocca, chief investment
officer at Wedbush Equity Management LLC in San Francisco.
The S&P 500 and Nasdaq finished their ninth straight quarter of gains
on Tuesday, while the Dow dipped for the quarter.
Shares of Monsanto were up 3.9 percent at $116.96 and the stock
was among the biggest positive influences on the S&P 500 after its
results and forecast.
Energy shares also gained along with oil prices. ConocoPhillips was
up 1.2 percent at $63.02.
Shares of GoDaddy Inc's jumped in their debut following a $460
million initial public offering. The stock ended up 30.8 percent at
$26.15.
After the bell, shares of Micron Technology dipped 2 percent to
$26.60 as the company forecast lower revenue for the current quarter.
NYSE advancing issues outnumbered declining ones 1,621 to 1,416,
for a 1.14-to-1 ratio; on the Nasdaq, 1,449 issues fell and 1,280
advanced, for a 1.13-to-1 ratio favoring decliners.
The benchmark S&P 500 posted seven new 52-week highs and four
new lows; the Nasdaq Composite recorded 76 new highs and 59 new
lows.
About 6.9 billion shares changed hands on U.S. exchanges, above
the 6.5 billion daily average for the last five trading sessions,
according to BATS Global Markets.
(By Caroline Valetkevitch; Editing by Bernadette Baum, Nick
Zieminski and James Dalgleish)
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$54.95
-2.15
-3.91%
2015.04.02 end-of-day
$49.14
-0.95
-1.93%
2015.04.02 end-of-day
Commodities
Crud e Oil
49.14
-1.93%
Na tura l G a s
2.71
+3.98%
G a soline
1.76
-3.97%
He a ting Oil
1.68
-3.83%
G old
1200.90
-0.60%
Silve r
16.69
-2.15%
Cop p e r
2.75
-0.31%
2015.04.02 end-of-day
Price
Change
2015.04.02 - $ 49.14
-0.95 -1.93%
1 Year Forecast
$56 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
5/16/2015
BUSINESS MARKETS
Published: April 16, 2015 16:20 IST | Updated: April 16, 2015 16:20 IST Mumbai, April 16, 2015
PTI
The Sensex touched a high of 28,876.23 points and a low of 28,497.70 points in the intra-day trade so far.
A benchmark index of the Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), was trading in the red in the late-afternoon
session on Thursday. It was down 249 points or 0.86 percent.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading in the red. It was down 85.05 points or 0.97 percent at
8,665.15 points.
The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 28,876.23 points, was trading at 28,550.90 points (at 2.35 p.m.) in
the late-afternoon session, down 248.79 points or 0.86 percent from the previous days close at 28,799.69 points.
The Sensex touched a high of 28,876.23 points and a low of 28,497.70 points in the intra-day trade so far.
The S&P BSE midcap was down 128.04 points. The S&P BSE smallcap was trading lower by 140.61 points.
According to Angel Broking, the Indian markets opened in the positive territory tracking the SGX Nifty and most of its Asian peers.
The markets were weighed down (Wednesday) by IT majors on concerns that the appreciating rupee could hurt revenues while private
banks pared early gains on profit bookings in the later part of the trade, the brokerage firm said.
Sectors like healthcare, capital goods, information technology (IT), consumer durables, fast moving consumer goods (FMCG) and automobile
came under heavy selling pressure.
However, oil and gas index made gains during the late-afternoon trade session.
The S&P BSE healthcare index was down 306.12 points followed by capital goods index which was lower by 294.22 points, IT index lost 173.97
points, consumer durables index fell 134.31 points, FMCG index receded 108.16 points and automobile index was down 101.10 points.
However, the S&P BSE oil and gas index was higher by 69.45 points.
Printable version | May 16, 2015 9:38:16 PM | http://www.thehindu.com/business/markets/sensex-down-249-points-healthcare-stocksdecline/article7109218.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-down-249-points-healthcare-stocks-decline/article7109218.ece?css=print
1/2
5/16/2015
BUSINESS MARKETS
Published: April 15, 2015 17:08 IST | Updated: April 16, 2015 00:14 IST Mumbai, April 15, 2015
Heavy selling in the last hour of trading dragged the benchmark Bombay Stock Exchange (BSE) 30-share Sensitive Index (Sensex) below the
29000-mark. The Sensex closed at 28799.69 with a loss of 244.75 or 0.84 per cent. It touched a high of 29094.61 in early trades but
witnessed a low of 28721.63.
Among the broader indices, BSE 100 dipped by 0.86 per cent and BSE 200 lost 0.81 per cent. Meanwhile mid-cap stocks lost 0.51 per cent
and small-cap ended down with a loss of 0.34 per cent.
Markets fell sharply in the last hour on the back of heavy off-loading seen in banking stocks, said Amar Ambani, Head of Research, India
Infoline (IIFL). The Government reported a fall in the wholesale Price Index (WPI)-based inflation for the fifth straight month in March 2015.
Post WPI numbers, the market staged a steady recovery. However it took a sudden U-turn, as private banking shares in particular came
under heavy selling pressure in the last one hour of trade, said Mr. Ambani.
On the National Stock Exchange (NSE), the 50-share Nifty closed at 8750.20 with a loss of 83.80 points or 0.95 per cent.
Going ahead we expect 8700-mark to act as a strong support for the Nifty. Also results season which will kick off in the coming week will
provide direction, Mr. Ambani added. A report from IIFL stated that while key drivers of inflation continue to remain benign, the looming
threat of El Nino will influence the near-term trajectory of inflation as well as monetary policy.
Rupee up 15 paise
The rupee snapped its two-day losing streak against the American currency, firming up by 15 paise to close at 62.36 a dollar on fresh selling
by banks and exporters on the back of lower dollar in the overseas markets.
The rupee opened sharply higher at 62.38 against the last closing level of 62.51 at the inter-bank foreign exchange market and firmed up
further to close at 62.36, showing a gain of 15 paise or 0.24 per cent from its Mondays close. The domestic currency had dropped by 27 paise
or 0.43 per cent in the previous two trading sessions
Printable version | May 16, 2015 9:39:21 PM | http://www.thehindu.com/business/markets/sensex-plunges-245-points-nifty-tumbles-84points/article7105538.ece
http://www.thehindu.com/business/markets/sensex-plunges-245-points-nifty-tumbles-84-points/article7105538.ece?css=print
1/2
4/17/2015
China Woes, Weak Earnings Push Street Into Negative Territory | Fox Business
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but cut its sales forecast for 2015. The company now sees sales
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4/21/2015
$62.08
-1.37
-2.21%
2015.04.21 end-of-day
$55.26
-1.12
-2.03%
2015.04.21 end-of-day
Commodities
Crud e Oil
55.26
-2.03%
Na tura l G a s
2.58
+1.51%
G a soline
1.89
-2.30%
He a ting Oil
1.85
-1.29%
G old
1202.90
+0.78%
Silve r
16.00
+0.74%
Cop p e r
2.70
-1.13%
2015.04.21 end-of-day
Price
Change
2015.04.21 - $ 55.26
-1.12 -2.03%
1 Year Forecast
$63 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
5/16/2015
Sensex extends losses, down 261 points - Business Today- Business News
BIZ WRAP
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117.94
India Today
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MARKETS
Headlines Today
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27324.00
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4/30/2015
BUSINESS MARKETS
Published: April 29, 2015 16:45 IST | Updated: April 29, 2015 17:22 IST Mumbai, April 29, 2015
The benchmark BSE Sensex on Wednesday fell by 170 points to 27,225.93, bogged down by heavy selling in heavyweights HDFC and Airtel on
lower-than-expected earning numbers.
Ahead of April derivatives expiry on Thursday, the index was also bugged by persistent foreign fund outflows and delay in land acquisition bill,
brokers said.
Shares of Bharti Airtel suffered the most among Sensex constituents by falling 3.32 per cent after companys March quarter net profit failed to
meet market expectations.
Airtel had reported a 30.5 per cent jump in its March quarters net profit at Rs 1,255 crore on Tuesday.
Meanwhile, HDFC on Wednesday reported a 9.6 per cent increase in its consolidated net profit at Rs 2,646.35 crore for the quarter ended
March 31.
Caution prevailed as traders were seen reducing positions as the April contract is set to expire on Thursday.
The markets had on Tuesday rose by 219 points on a mix of good earning numbers from Maruti Suzuki and ICICI Bank.
The BSE 30-share index resumed a shade lower at 27,395.71 and slipped further to a low of 27,176.54. It recovered briefly to touch the
sessions high of 27,438.96 on short-covering of positions in select bluechip stocks.
However, it succumbed to selling in late afternoon trade and finally settled at 27,225.93, a loss of 170.45 points or 0.62 per cent.
The 50-issue NSE Nifty also moved down by 45.85 points or 0.55 per cent to 8,239.75 after shuttling between 8.219.20 and 8,308.20 intraday.
Sentiments turned weak on continued selling as market is lacking any positive trigger, said Manoj Choraria, a NSE stockbroker based in
Delhi.
Besides, a weak closing at other Asian markets and lower openings in Europe ahead of the outcome of Federal Reserve two-day meet also cast
a shadow here, they added.
http://www.thehindu.com/business/markets/sensex-falls-170-points-ahead-of-derivatives-expiry/article7154399.ece?css=print
1/2
4/30/2015
Among the 30-Sensex constituents, 23 shares ended lower, while seven rose.
Sectorally, BSE FMCG index fell the most by losing 1.63 per cent, followed by infrastructure 0.83 per cent, auto (0.57 pc), oil&gas (0.51 pc),
metal (0.40 pc), PSU (0.27 pc) and Power (0.12 pc).
Smallcap and midcap indices, however, continued their Tuesdays upward trend on buying by retail investors.
Smallcap rose 1.10 per cent, while midcap gained 0.39 per cent.
Foreigners sold shares worth Rs 1,532.84 crore on Tuesday, as provisional data.
Printable version | May 1, 2015 2:15:03 AM | http://www.thehindu.com/business/markets/sensex-falls-170-points-ahead-of-derivativesexpiry/article7154399.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-falls-170-points-ahead-of-derivatives-expiry/article7154399.ece?css=print
2/2
4/30/2015
Search foxbusiness.com
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M A R K ET U P D A T E
25
Reuters
(REUTERS)
U.S. stocks sold off on Thursday, pushing the Nasdaq down for a fourth day, as Apple shares declined and earnings results in
other tech and biotech names disappointed.
The Dow Jones industrial average fell 195.01 points, or 1.08 percent, to 17,840.52, the S&P 500 lost 21.36 points, or 1.01
percent, to 2,085.49 and the Nasdaq Composite dropped 82.22 points, or 1.64 percent, to 4,941.42.
(Reporting by Ryan Vlastelica; Editing by Meredith Mazzilli)
More on this...
ExxonMobil 1Q earnings beat expectations
Time Warner Cable posts disappointing 1Q results
Weekly jobless claims fall to 262,000
http://www.foxbusiness.com/markets/2015/04/30/more-weakness-looks-to-be-in-store-for-wall-street/?intcmp=bigtopmarketfeatures
1/3
4/30/2015
BSE Sensex and NSE Nifty movements on April 30, 2015 - The Hindu
BUSINESS MARKETS
Published: April 30, 2015 10:09 IST | Updated: April 30, 2015 17:25 IST Mumbai, April 30, 2015
Sensex falls 214 pts to near 4-month low; Nifty below 8,200
PTI
PTI
The benchmark BSE Sensex slipped below the 27,000-level in early trade on Thursday as participants indulged in offloading positions in view
of April series expiry in the derivatives segment. File photo
Across-the-board selling on the last day of April series derivative contracts, MAT worries, disappointing Q4 results so far and sluggish
global cues pulled down markets.
Logging its third straight weekly fall, the benchmark BSE Sensex slipped by 214 points to end at 27,011.31, while Nifty ended below the
8,200-mark on account of declines in blue-chips as the monthly derivative contract expired today.
Across-the-board selling on the last day of April series derivative contracts, MAT worries, disappointing Q4 results so far and sluggish global
cues pulled down markets.
Participants were seen offloading their long positions in Futures and Options (F&O) segment instead of carrying them forward to the next
May series, brokers said.
The BSE Index had closed at 26,908.82 on January 7.
The 50-share NSE Nifty tumbled below the 8,200-level by falling 58.25 points or 0.71 per cent to close at 8,181.50.
During the session, it moved between 8,229.40 and 8,144.75.
Meanwhile, the rupee fell by 45 paise to 63.75 levels (intra-day) against the US dollar on capital outflow worries.
Delay in land acquisition bill too hurt sentiment and accelerated selling by foreign investors.
The BSE 30share barometer after resuming a shade higher at 27,242.05 fell back below the 27,000mark and gradually moved down to a
low of 26,897.54 before concluding at 27,011.31, a fall of 214.62 points or 0.79 per cent.
The gauge had lost 170.45 points in yesterdays volatile session.
In Asia, markets mostly fell in line with an overnight selloff in the US markets, after growth data fell well short of forecasts.
European markets were, however, trading a shade higher in early trade.
Market heavyweights like HDFC plunged 2.70 per cent, Tata Steel fell 2.37 per cent, M&M tumbled 2.25 per cent, Tata Motors declined 2.21
per cent, Tata Power lost 1.94 per cent and Bharti Airtel 1.51 per cent.
http://www.thehindu.com/business/markets/bse-sensex-and-nse-nifty-movements-on-april-30-2015/article7157433.ece?css=print
1/2
4/30/2015
BSE Sensex and NSE Nifty movements on April 30, 2015 - The Hindu
Other prominent losers were Coal India, Dr Reddys, ITC, Hero MotoCorp, Hindalco, Hind Unilever, Infosys and SBI.
Shares of Jindal Steel & Power slumped 4.16 per scent to close at Rs 139.55 after CBI filed a chargesheet against companys owner Naveen
Jindal in connection with a coal block allocation scam case.
Foreign Portfolio Investors sold shares worth Rs 718.31 crore yesterday as per provisional data.
Meanwhile, stocks of transport and logistics firm VRL made a stellar debut today by surging 43.07 per cent to Rs 293.30 after climbing to Rs
309.10.
Stock markets will remain close tomorrow on account of Maharashtra Day.
Printable version | May 1, 2015 7:41:22 AM | http://www.thehindu.com/business/markets/bse-sensex-and-nse-nifty-movements-on-april30-2015/article7157433.ece
The Hindu
http://www.thehindu.com/business/markets/bse-sensex-and-nse-nifty-movements-on-april-30-2015/article7157433.ece?css=print
2/2
5/7/2015
CrudeOil,Gas,andMetalsPrices.html
BrentCrudeOil
$65.54
2.23
3.40%
2015.05.07endofday
WTICrudeOil
$58.94
1.99
3.38%
2015.05.07endofday
Commodities
Crude Oil
58.94
-3.38%
Natural Gas
2.73
-1.54%
Gasoline
1.99
-2.33%
Heating Oil
1.96
-2.77%
Gold
1182.40
-0.67%
Silver
16.27
-1.30%
Copper
2.93
2015.05.07 end-of-day
-0.22%
Add to your site
CrudeOilPricebyOILPRICE.NET
Price
Change
2015.05.07$58.94 1.993.38%
1YearForecast
$67/Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
5/16/2015
BUSINESS MARKETS
Published: May 7, 2015 17:06 IST | Updated: May 7, 2015 17:06 IST Mumbai, May 7, 2015
The Hindu
The 30-share Sensex fell 118.26 points or 0.44 per cent to close at 26,599.11, its weakest closing since October 21, last year.
Today is the third straight session of decline with the index having lost 891.48 points in this period.
Falling for the third-straight day, the benchmark BSE Sensex on Thursday tumbled 118 points to end at 26,599.11 on persistent selling by
foreign investors over taxation worries and delay in passage of key reform Bills.
Investor sentiment was also dampened after weakening of rupee to a 20-month low (intra-day) faded chances of a rate cut by the RBI at its
meeting next month, brokers said.
Global cues, unsettled by sell-off in government bonds, stocks and dollar, also weighed on sentiments, they added.
All the major indices in Asia ended lower, while those in Europe were in the red in their early trade.
The 30-share Sensex fell 118.26 points or 0.44 per cent to close at 26,599.11, its weakest closing since October 21, last year. The gauge
shuttled between 26,423.99 and 26,850.37 intra-day.
Today is the third straight session of decline with the index having lost 891.48 points in this period.
The NSE Nifty index also ended with a loss of 39.70 points or 0.49 per cent at 8,057.30 its weakest close since December 17 last year.
Intra-day, it dipped below the crucial 8,000-level to touch a low of 7,997.l5.
Axis Bank was the biggest loser among 30-Sensex stocks by plunging 2.95 per cent followed by ONGC down 2.94 per cent to Rs 318.70.
Other losers were Maruti Suzuki with a fall of 2.52 per cent, Hindalco down 2.47 per cent, ICICI Bank 2.44 per cent, Tata Power 2.32 per cent,
Dr Reddys 2.19 per cent and Tata Motors 1.90 per cent.
Bucking the trend, TCS, Wipro and Infosys ended logged gains, largely supported by weakening rupee.
The broader markets remained under pressure with the BSE midcap and smallcap indices falling up to 1.95 per cent.
Printable version | May 16, 2015 9:42:16 PM | http://www.thehindu.com/business/markets/sensex-drops-118-points-to-hit-2015low/article7180845.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-drops-118-points-to-hit-2015-low/article7180845.ece?css=print
1/1
5/23/2015
CrudeOil,Gas,andMetalsPrices.html
BrentCrudeOil
$65.37
1.17
1.79%
2015.05.22endofday
WTICrudeOil
$59.72
1.00
1.67%
2015.05.22endofday
Commodities
Crude Oil
59.72
-1.67%
Natural Gas
2.89
-2.15%
Gasoline
2.05
-1.39%
Heating Oil
1.95
-1.71%
Gold
1204.30
-0.01%
Silver
17.03
-0.48%
Copper
2.83
2015.05.23 end-of-day
-1.32%
Add to your site
CrudeOilPricebyOILPRICE.NET
Price
Change
2015.05.23$59.72 1.001.67%
1YearForecast
$68/Barrel
file:///C:/Users/Srinivas/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/1
5/26/2015
USstocksclosebroadlylower,ledbydeclinesinenergycompaniesasthepriceofoilslides|FoxBusiness
LOGIN
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MorningOutlook
MARKETUPDATE
USstocksclosebroadlylower,ledbydeclinesinenergy
companiesasthepriceofoilslides
PublishedMay26,2015
12
AssociatedPress
TraderWilliamMcInerney,right,worksontheflooroftheNewYorkStockExchange,Tuesday,May26,2015.StocksareopeningloweronWallStreetastradersreturnfromthe
MemorialDayholidayintheU.S.(APPhoto/RichardDrew)(TheAssociatedPress)
NEWYORKThestockmarkethaditsworstdayinthreeweeksastradersworriedaboutGreece'sdebtproblemsanda
surgeinthevalueoftheU.S.dollar.
EnergystocksfellmorethantherestofthemarketTuesdayasthepriceofcrudeoilslumped.TransoceanandAllegheny
Technologieseachfell4percent.
TheDowJonesindustrialaveragedropped190points,or1percent,to18,041.
TheStandard&Poor's500indexgaveup21points,also1percent,to2,104.TheNasdaqcompositedeclined56points,
or1.1percent,to5,032.
Oilfell$1.69,or2.8percent,to$58.03abarrelinNewYork.
TimeWarnerCablerose7percentafteragreeingtobeacquiredbyCharterCommunications.
ThedollarroseagainsttheJapaneseyenandtheeuro.
http://www.foxbusiness.com/markets/2015/05/26/usstocksclosebroadlylowerledbydeclinesinenergycompaniesaspriceoil/
1/3
5/26/2015
USstocksclosebroadlylower,ledbydeclinesinenergycompaniesasthepriceofoilslides|FoxBusiness
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2/3
5/26/2015
USstocksclosebroadlylower,ledbydeclinesinenergycompaniesasthepriceofoilslides|FoxBusiness
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http://www.foxbusiness.com/markets/2015/05/26/usstocksclosebroadlylowerledbydeclinesinenergycompaniesaspriceoil/
3/3
5/26/2015
Sensexfalls112pointsonearningsworry,derivativesexpiryTheHindu
BUSINESSMARKETS
Published:May26,201517:12IST|Updated:May26,201517:13IST
Mumbai,May26,2015
Sensexfalls112pointsonearningsworry,derivativesexpiry
PTI
ThebenchmarkBSESensexonTuesdaydeclinedbyanother112pointstocloseatoveroneweeklowof27,531.41duetocontinuedsellingin
heavyweightssuchasITC,TataMotorsandVedantaonmutedearningsamidweakeningrupee.
Acautiousstanceadoptedbyparticipants,whotrimmedpositionsaheadofMayderivativesexpiryonThursday,andabsenceofanypositive
triggeralsodampenedtradingsentiments,brokerssaid.
Attheforexmarket,therupeewastrading42paisedownatRs63.99againsttheAmericancurrency(intraday).
Fallingfortheseconddayinarow,the30shareSensexcloseddown112.47points,or0.41percent,at27,531.41thelowestclosinglevel
sinceMay15.Ittouchedahighof27,675.94andalowof27,473.54indaytrade.
The50issueNiftyofNSEfellby30.90points,or0.37percent,to8,339.35afterhoveringbetween8,320.05and8,378.90intraday.
VedantaLtdplunged2.33percentandwasthebiggestloseramongSensexscrips.ONGCfellsharplyby2.05percent.
TataMotorsfellby1.60percentaheadofitsJanuaryMarchquarterearningsduelaterintheday.
ITCwasdown1.05percent,slidingforthesecondsessionafterdisappointingearningsonFriday.
SunPharma,NTPC,Reliance,ICICIBank,HDFCandDr.Reddysrecordedlossesupto1.34percent.
FMCGmajorNestlesharescloseddown2.10percentaftercrackingover6percentintradayfollowingreportsthatUPFoodSafetyand
DrugAdministrationmayfilecaseagainstthecompanyduetohigherthanpermittedlevelsofleadandafoodadditiveinMagginoodles.
However,staterunBHELemergedastopgaineramongSensexstocksbysoaring2.88percentevenasitposted52percentfallinnetprofit
atRs888.35croreforthequarterendedMarch31,2015.
Printableversion|May27,20154:45:25AM|http://www.thehindu.com/business/markets/sensexfalls112pointsonearningsworry
derivativesexpiry/article7247863.ece
TheHindu
http://www.thehindu.com/business/markets/sensexfalls112pointsonearningsworryderivativesexpiry/article7247863.ece?css=print
1/1
5/27/2015
CrudeOil,Gas,andMetalsPrices.html
BrentCrudeOil
$63.72
1.65
2.59%
2015.05.26endofday
WTICrudeOil
$58.03
1.69
2.91%
2015.05.26endofday
Commodities
Crude Oil
58.03
-2.91%
Natural Gas
2.82
-2.30%
Gasoline
2.00
-2.78%
Heating Oil
1.90
-2.75%
Gold
1187.20
-1.44%
Silver
16.73
-1.77%
Copper
2.85
2015.05.26 end-of-day
+0.70%
Add to your site
CrudeOilPricebyOILPRICE.NET
Price
Change
2015.05.26$58.03 1.692.91%
1YearForecast
$66/Barrel
file:///C:/Users/Srinivas/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/1
Markets Close in the Red on Last Trading Day of May | Fox Business
CLAMAN ON CALL
It was the last day of trading for the month of May and the markets closed the day in the
red, but are higher for the second month in a row. This was the second down week in a
row for the Dow Industrial Average. It's the first back-to-back weekly loss in more than
two months. The S&P 500 and Russell 2000 snapped a 3-week winning streak, while the
NASDAQ snapped a 2-week winning streak.
The Dow Transports are down for a third straight month, its longest losing streak in more
than two-and-a-half years.
All 10 S&P sectors closed today and this week lower, which hasn't happened in months.
The declines this week were led by energy, industrials and financials.
But it was an overall mixed picture for the S&P sectors this month, with the big winners
Markets Close in the Red on Last Trading Day of May | Fox Business
Liz Claman anchors Countdown to the Closing Bell which is presented from 3-4pm EST
as well as co-anchors After the Bell from 4-5pm EST. Click here for more information on
Liz Claman.
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This material may not be published, broadcast, rewritten, or redistributed. 2015 FOX News Network, LLC. All rights
reserved. All market data delayed 20 minutes.
6/3/2015
CrudeOil,Gas,andMetalsPrices.html
BrentCrudeOil
$63.80
1.69
2.65%
2015.06.03endofday
WTICrudeOil
$59.64
1.62
2.72%
2015.06.03endofday
Commodities
Crude Oil
59.64
-2.72%
Natural Gas
2.63
-2.43%
Gasoline
2.05
-0.95%
Heating Oil
1.89
-2.84%
Gold
1184.70
-0.79%
Silver
16.46
-1.94%
Copper
2.75
2015.06.03 end-of-day
-0.27%
Add to your site
CrudeOilPricebyOILPRICE.NET
Price
Change
2015.06.03$59.64 1.622.72%
1YearForecast
$68/Barrel
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1/1
6/4/2015
WallStreetFallsAheadofPayrollsReport|FoxBusiness
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MorningOutlook
MARKETUPDATE
WallStreetFallsAheadofPayrollsReport
PublishedJune04,2015
43
Reuters
(Reuters)
U.S.stocksfellonThursday,hitbynervousnessaheadofFriday'sjobsreportandlingeringuncertaintyoveraGreeceaid
dealwithcreditors.
TheDowJonesindustrialaverage<.DJI>fell164.15points,or0.91percent,to17,912.12,theS&P500<.SPX>lost17.72
points,or0.84percent,to2,096.35andtheNasdaqComposite<.IXIC>dropped40.11points,or0.79percent,to
5,059.13.
(ReportingbyRyanVlastelicaEditingbyNickZieminski)
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1/3
6/5/2015
CrudeOil,Gas,andMetalsPrices.html
BrentCrudeOil
$62.03
1.77
2.85%
2015.06.04endofday
WTICrudeOil
$58.00
1.64
2.83%
2015.06.04endofday
Commodities
Crude Oil
58.00
-2.83%
Natural Gas
2.63
-0.30%
Gasoline
1.98
-3.27%
Heating Oil
1.84
-2.60%
Gold
1174.90
-0.83%
Silver
16.09
-2.33%
Copper
2.72
2015.06.04 end-of-day
-1.29%
Add to your site
CrudeOilPricebyOILPRICE.NET
Price
Change
2015.06.04$58.00 1.642.83%
1YearForecast
$66/Barrel
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1/1
6/8/2015
Sensexfallstonearly8monthslow245pointsdownTheHindu
BUSINESSMARKETS
Published:June8,201516:45IST|Updated:June8,201517:01IST
Mumbai,June8,2015
Sensexfallstonearly8monthslow245pointsdown
PTI
Reuters
Asmanyas25Sensexstocksclosedinthered.
The30sharebarometerhasseenanerosionof1,326pointsinlastfivesessions.
ThebenchmarkBSESensextodayplungedby245pointsto26,523.09itslowestinnearlyeightmonthsonheavysellinginFMCGstocks
amidprevailingdroughtfearsandRBIscautionsstanceoneconomicrecovery.
The30sharebarometerhasseenanerosionof1,326pointsinlastfivesessions.
The50shareNSENiftycontinueditsslideforthesixthsessionanddippedbelowthepsychological8,100markbytumbling70.55pointsor
0.87percenttocloseat8,044.15.
ThesentimentwasalsohitafterabetterthanexpectedUSjobsdataraisedfearsthattheFederalReservewillraiseinterestratesthisyear.
Attheforexmarket,therupeebreachedthe64leveltotradeat64.16(intrasession)againstthedollar.
TheSensex,afteropeninghigherat26,814.31,advancedtotouchthedayshighof26,827.05onvaluebuyinginrecentlybeatenbluechip
stocks.
However,itslippedintothenegativezoneonemergenceofprofitbookingandtouchedalowof26,472.87beforesettling245.40pointsor
0.92percentdownat26,523.09,alevellastseenonOctober20,2014.
Sellingpressurewasalsovisibleinthebroaderindices.
TheBSEmidcapandsmallcapindicesweredown1.54percentand1.42percent,respectively.
CautionaheadofahostofmacroeconomicnumberssuchasIIPandinflationdata,tobereleasedthisweekalsocastshadowonthetrading
sentiments,traderssaid.
Asmanyas25Sensexstocksclosedinthered.
Sectorally,theBSEconsumerdurablesindexsufferedthemostbyfalling1.94percent,followedbymetal(1.73pc),oil&Gas(1.55pc),FMCG
(1.52pc)andhealthcare(1.17pc).
http://www.thehindu.com/business/markets/sensexcloses245pointsdown/article7294826.ece?css=print
1/2
6/8/2015
StocksRetreatasStrongJobsReportPutsSpotlightonFed|FoxBusiness
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ECO NO MICS
StocksRetreatasStrongJobsReportPutsSpotlightonFed
ByMatthewRocco
16
PublishedJune08,2015
FOXBusiness
(Reuters)
TheDowslippedintonegativeterritoryfortheyearamidamodestselloffMonday,reflectingWallStreetsmixedreactions
toanupbeatjobsreport.
Asof10:39a.m.ET,theDowJonesIndustrialAverage(DJI)wasdown23.9points,or0.1%,at17825.TheS&P500
(GSPC)fell3.8points,or0.2%,to2088.TheNasdaq(IXIC)shed16.9points,or0.3%,at5051.
Thebluechipindexisnowtradingbelowitscloseof17823onDec.31.
Mondaysredinkcomesontheheelsofa56pointlossfortheDowFriday,whentheU.S.LaborDepartmentsaidthe
economyadded280,000jobsinMay.Thefigureeasilybeatexpectationsforagainof225,000jobs.
Theunemploymentratetickedhigherto5.5%from5.4%since400,000morepeopleenteredtheworkforce.
Inanotherpositivedevelopment,hourlywagesgrew0.3%comparedtothepriormonthand2.3%yearoveryear.
However,thestrongdatashiftedWallStreetsattentiontoapendinginterestratehikefromtheFederalReserve.
Thereadthroughwas[Fridaysjobsreport]absolutelyputsSeptemberonthetableintermsofliftoff,saidPhilOrlando,
chiefequitystrategistatFederatedInvestors,duringadiscussiononMorningswithMaria.
http://www.foxbusiness.com/markets/2015/06/08/stocksretreatasstrongjobsreportputsspotlightonfed/?intcmp=bigtopmarketfeatures
1/4
6/8/2015
StocksRetreatasStrongJobsReportPutsSpotlightonFed|FoxBusiness
chiefequitystrategistatFederatedInvestors,duringadiscussiononMorningswithMaria.
Ithinkthemarketisthinkingbacktothetapertantrumbackinthespringof2013when[formerFedchiefBen]Bernanke
startedgoingthroughthesameprocess,Orlandoadded.
Employmentwillbethekeymarketdrivermovingforward,accordingtoAbbyJosephCohen,presidentofGoldmanSachs
(GS)GlobalMarketsInstitute.AlsoappearingonMorningswithMaria,Cohenhighlightedstrongerwagesandan
expandinglabormarketascatalystsforeconomicgrowth.
Allofthatreallyisthebackgroundforwhyretailsalesmaypickup,orwemayalsoseeongoingimprovementsinsavings,
andthatsfine,too,Cohenexplained.
FollowMatthewRoccoonTwitter@MatthewRocco
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Obama:Greeks
MustMake'Tough
PoliticalChoices'
FloridaAGsounds
offonPresident
Obama
TrendinginMarkets
1
OPECSaysGoodbyeto$100Oil
StocksRetreatasStrongJobsReport
PutsSpotlightonFed
3
OilPricesRetreatasChinaImports
Decline
4
EIA:OilOutputFromMajorShale
PlaysToFall91,000BarrelsaDayIn
July
5
DollarWeakensonReportObamaSaid
StrengthisProblematic
http://www.foxbusiness.com/markets/2015/06/08/stocksretreatasstrongjobsreportputsspotlightonfed/?intcmp=bigtopmarketfeatures
2/4
6/9/2015
Sensexdown42ptspostslongestlosingrunin4monthsTheHindu
BUSINESSMARKETS
Published:June9,201517:02IST|Updated:June9,201517:06IST
Mumbai,June9,2015
Sensexdown42pointspostslongestlosingrunin4months
PTI
PTI
Buckingthetrend,sharesofVedantatoppedthegainersbyclimbing3.11percentamidspeculationsofCairnIndiamergingwithitself.
ThebenchmarkBSESensexdroppedforthesixthdayonTuesdaytorecorditslongestlosingruninfourmonthsasforeignfundscontinued
tooffloadsharesonfearsthatbelownormalrainswillresultinhigherinflation.
WithTuesdays41.84pointsdrop,the30sharebarometerhasplungedaround1,370points,or4.91percent,insixdays.
ThemarketisonadownwardspiralsincelastTuesdaywhenReserveBankhadcutreporateby25bps,despiteflaggingconcernsover
economicrecovery.
Onthesameday,theMetdepartmenthadforecastmonsoontobedeficientin2015,triggeringdroughtfears.
Fallingfortheseventhstraightday,thebroadbasedNSENiftyonTuesdayfellby21.75pointsor0.27percentat8,022.40.
NegativesentimentwascompoundedbyChinaspotentialinclusionintheMSCIEmergingMarketindexthatmayresultinfurtherforeign
fundoutflowsfromIndia.
Involatilemovements,Sensexshuttledbetween26,438.32and26,604.65duringthedayandfinallyended41.84pointsor0.16percent
lowerat26,481.25.
Thisisthefreshlowestclosinginnearlyeightmonths.
InFebruary,theBSEbenchmarkhadfallenforsevendaysonthetrot,whenRBIhadmaintainedstatusquooninterestratesinitsmonetary
policyreviewonFebruary3.
Withaslumpofupto3.35percent,CiplawasthetoploseramongSensexandNiftystocksonTuesday.
Buckingthetrend,sharesofVedantatoppedthegainersbyclimbing3.11percentamidspeculationsofCairnIndiamergingwithitself.
SharesofNestleIndia,afterremainingunderpressureforthefourstraightsessions,emergedsurprisedwinner,tradinglargelyonthebackof
valuebuyingandclimbed7.47percenttocloseatRs.5,953.80.
Sectorwise,BSErealtyindexsufferedthemostbyfalling1.54percent,followedbyHealthcare1.41percent,auto0.73percent,IT0.70per
http://www.thehindu.com/business/markets/sensexdown42pointsniftyandciplaamongsttoplosers/article7298487.ece?css=print
1/2
6/9/2015
Sensexdown42ptspostslongestlosingrunin4monthsTheHindu
cent,capitalgoods0.35percent,Oil&Gas0.04percentandFMCG0.03percent.
Meanwhile,foreigninvestorssoldsharesworthRs.749.12croreonMondayasperprovisionaldatareleased.
Inoverseasmarkets,Asianstocksendeddown,whileEuropeanmarketsweretradinglowerintheirmorningsession.
Printableversion|Jun9,20157:20:27PM|http://www.thehindu.com/business/markets/sensexdown42pointsniftyandciplaamongst
toplosers/article7298487.ece
TheHindu
http://www.thehindu.com/business/markets/sensexdown42pointsniftyandciplaamongsttoplosers/article7298487.ece?css=print
2/2
6/11/2015
Sensexcrashes,rupeeslipsTheHindu
BUSINESSMARKETS
Published:June12,201500:04IST|Updated:June12,201500:04IST
MUMBAI,June12,2015
Sensexcrashes,rupeeslips
OOMMENA.NINAN
StockindicescrashedbynearlytwopercentonThursdaytocloseattheirlowestlevelsinthiscalendaryear.
Meanwhile,therupeealsoslippedtocloseat63.97adollarcomparedtoitspreviouscloseof63.84onWednesday.
Thebenchmark,BSESensexclosedat26370.98withalossof469.52pointsor1.75percent.
Amongthebroaderindices,BSE100wasdownby1.91percentandBSE200lost1.82percent.Whilemidcapstockslost1.78percent,small
capwasdowny1.55percent.
OntheNationalStockExchange(NSE)the50shareNiftyclosedat7965.35withalossof159.10pointsor1.96percent.
AhostoffactorshaveledtosustainedFIIsellinginIndianequities,saidHiteshAgrawalHeadResearch,RelianceSecurities
Therecentdisappointingfourthquarterearningsseason,coupledwiththesombremanagementcommentaries,hadcastashadowoverthe
extentofrecoverypossibleinthecurrentfiscal.AddedtothisistheweakmonsoonforecastreleasedbyIMD.Ithasbeenafairlychoppy
weeksofarforIndianequities.Inthreeofthefourtradingsessionsthemarketshavehadswingsofmorethanplus(minus)oneper
cent,saidSachinShahFundManager&Head,EmkayPMS.
AccordingtoMr.ShahinthefirsteightsessionsofJune,FIIswerenetsellersofnearly$1billioninequitiesandadditional$0.6billionin
debtmarkets.
Printableversion|Jun12,20155:40:50AM|http://www.thehindu.com/business/markets/sensexcrashesrupeeslips/article7306390.ece
TheHindu
http://www.thehindu.com/business/markets/sensexcrashesrupeeslips/article7306390.ece?css=print
1/1
6/13/2015
CrudeOil,Gas,andMetalsPrices.html
BrentCrudeOil
$63.87
1.24
1.94%
2015.06.12endofday
WTICrudeOil
$59.96
0.81
1.35%
2015.06.12endofday
Commodities
Crude Oil
59.96
-1.35%
Natural Gas
2.75
-2.73%
Gasoline
2.12
-0.80%
Heating Oil
1.89
-1.68%
Gold
1178.80
-0.09%
Silver
15.82
-0.85%
Copper
2.70
2015.06.12 end-of-day
+0.24%
Add to your site
CrudeOilPricebyOILPRICE.NET
Price
Change
2015.06.12$59.96 0.811.35%
1YearForecast
$68/Barrel
file:///C:/Users/Srinivas/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/1
6/12/2015
TripleDigitLossSlamsDowIndustrials|FoxBusiness
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MARKETUPDATE
TripleDigitLossSlamsDowIndustrials
PublishedJune12,2015
35
DowJonesNewswires
(Reuters)
U.S.stocksdeclinedFridayamiduncertaintyaboutaGreekbailoutdeal.
TheDowJonesIndustrialAveragedropped140points,or0.8%,to17898.4.TheS&P500indexfell14points,or0.7%,to
2094,andtheNasdaqCompositeIndexdeclined14points,or0.7%,to5051.
Losseswerebroadbased,withall30DowcomponentsandallS&P500sectorsinnegativeterritory.Energyand
HealthcarestocksintheS&P500fellthemost,downover1%each.
TraderssaiddeclinesweredrivenbynegativeheadlinesaboutGreece'sfinancingtalks,whichalsoweighedonEuropean
stocks."You'vecertainlygotsomenervoussellingafteracoupleofdaysofgains,"saidSethSetrakian,coheadofglobal
equitiesatFirstNewYorkSecurities."Idon'tseewho'sgoingtorunuptotheplateandsticktheirheadup,"headded.
GreekstocksledEuropeanmarketslower,sliding5.9%.TheAthensstockmarkethadclosedbeforetheInternational
MonetaryFundsaidThursdayithadstoppednegotiationswithGreeceduetoalackofprogress.GermanChancellor
AngelaMerkelonFridaycalledonallpartiestoreturntothenegotiatingtable.Germany'sDAXfell1.2%andFrance'sCAC
slipped1.4%.
Investorswerealsoparingbacktheirstockexposureaheadofnextweek'sFederalReservemeeting,traderssaid.While
fewexpectthecentralbanktoraiseratesnextweek,FedChairwomanJanetYellencouldprovideadditionalinformation
http://www.foxbusiness.com/markets/2015/06/12/usequityfuturesfolloweuropeanmarketslower/?intcmp=bigtopmarketfeatures
1/4
6/12/2015
TripleDigitLossSlamsDowIndustrials|FoxBusiness
onhowsoonsuchamovecouldcome.
"It'sreallypeoplepreparingforGreeceandtheFednextweek,"saidDarrenWolfberg,headofU.S.cashequitytradingat
BNPParibas."Peoplearesellingequitiesandbuyingbonds.Theyaregettingabitmoredefensive,"headded.
Treasurypricesrose,pushingtheyieldonthe10yearTreasurynotedownto2.396%.
EvenwithFriday'spullback,U.S.stocksareonpacetoeekoutamodestweeklygain.Thisweekmarksadeparturefrom
recentones,inwhichtheNasdaq'sgainshaveoutpacedthoseoftheDowandS&P.Forthequarter,theDowhas
advanced0.7%andtheS&Phasrisen1.3%,whiletheNasdaqhasrallied3.2%.
EconomicreportswerepositiveFriday.Inthelatestsigninflationisstabilizing,theLaborDepartmentsaidtheproducer
priceindexforfinaldemandrose0.5%inMayfromApril.Coreprices,whichexcludethevolatilefoodandenergy
categories,rose0.1%.EconomistssurveyedbyTheWallStreetJournalhadexpectedoverallpricestorise0.4%andcore
pricestoadvance0.1%.
Friday'sdataalsosuggestedconsumersfeelupbeatabouttheeconomy.TheUniversityofMichigan'spreliminaryJune
consumersentimentindexroseto94.6fromMay'sfinalnumberof90.7,beatingexpectations.
"Italllooksprettysolid,inkeepingwithwhatyou'dhopefortokeepthiseconomicrecoveryontrack,"saidColleenSupran,
aprincipalatBingham,Osborn&Scarborough,whichmanages$3.4billion.
Incommoditymarkets,goldfutureswerenearlyflatat$1179.60anounce.Crudeoilfuturesfell0.8%to$60.28abarrel.
TwitterInc.shareswerelittlechanged.ThecompanysaidlateThursdayDickCostolowouldstepdownasTwitter'schief
executive.
FedExCorp.sharesslippedover1%.Thecompanysaiditwouldbooka$2.2billionpretaxchargeinitsmostrecently
endedquarter.
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http://www.foxbusiness.com/markets/2015/06/12/usequityfuturesfolloweuropeanmarketslower/?intcmp=bigtopmarketfeatures
2/4
Wall Street Falls as Greek Deadline Looms; Indexes up for Week | Fox Business
MARKET UPDATE
(REUTERS)
U.S. stocks fell on Friday ahead of a summit next week that could decide whether
Greece will need to print its own currency and ditch the euro.
Euro zone leaders are scheduled to meet on Monday night in a last-ditch effort to reach a
deal with Athens. As bank withdrawals across Greece ballooned to about 4.2 billion
euros this week, the European Central Bank boosted its emergency funding for Greek
banks.
Friday's decline in stocks "has to do with the meeting on Monday," said King Lip, chief
investment officer at Baker Avenue Asset Management in San Francisco. "It's sort of the
last lifeline they are going to throw out to Greece and people are selling ahead of that
because of the uncertainty."
http://www.foxbusiness.com/markets/2015/06/19/stocks-look-to-notch-fourth-straight-session-gains/[8/2/2015 2:56:02 PM]
Wall Street Falls as Greek Deadline Looms; Indexes up for Week | Fox Business
Lip said, however, that any sharp selling because of developments on Monday could be
yet another buying opportunity for investors in U.S. stocks.
"If Greece leaves the union, that removes an uncertainty and is actually good for the
markets over the long run; if there is a resolution, that is also good," said Lip. "In some
way, whatever happens on Monday is a win-win and (a market selloff) is a buyable dip."
The Dow Jones industrial average <.DJI> fell 101.56 points, or 0.56 percent, to
18,014.28, the S&P 500 <.SPX> lost 11.48 points, or 0.54 percent, to 2,109.76 and the
Nasdaq Composite <.IXIC> dropped 15.95 points, or 0.31 percent, to 5,117.00.
For the week, the Dow gained 0.6 percent, the S&P added 0.7 percent and the Nasdaq,
which had closed at a record high on Thursday, rose 1.3 percent.
Utilities led the S&P 500 decline in percentage terms, down 1 percent as a group
<.SPLRCU> after gaining 2.7 percent over the previous three sessions.
A market debut fizzled, with shares of 8point3 Energy Partners <CAFD.O> down 2.4
percent at $20.49. It offered 20 million shares that priced at $21, the top-end of the filed
range.
ConAgra Foods' <CAG.N> shares jumped 10.9 percent to $43.37 after activist hedge
fund Jana Partners took a stake in the company. ConAgra's peer Pinnacle Foods
<PF.N> rallied 8.6 percent to $46.81 after earlier hitting a record high of $47.21.
Macerich <MAC.N> slumped 6.8 percent to $76.87. Sources told Reuters Simon
Property Group <SPG.N> was selling its ownership stake in the No. 3 U.S. mall
operator. Simon fell 1.3 percent to $179.48.
KB Home <KBH.N> rose 9.4 percent to $16.37 after the homebuilder's quarterly results
beat estimates.
Declining issues outnumbered advancing ones on the NYSE by 1,788 to 1,257, for a
1.42-to-1 ratio on the downside; on the Nasdaq, 1,557 issues fell and 1,254 advanced
for a 1.24-to-1 ratio favoring decliners. The S&P 500 posted 29 new 52-week highs and
2 new lows; the Nasdaq recorded 161 new highs and 40 new lows.
About 7.9 billion shares changed hands on U.S. exchanges, above the 6.03 billion daily
Wall Street Falls as Greek Deadline Looms; Indexes up for Week | Fox Business
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reserved. All market data delayed 20 minutes.
8/2/2015
Search
SensexsnapseightdayrallyasGreecewoesresurfaceTheHindu
GO
BUSINESSMARKETS
Published:June24,201516:56IST|Updated:June24,201517:00IST
Mumbai,June24,2015
SensexsnapseightdayrallyasGreecewoesresurface
PTI
ThebenchmarkBSESensexslippedby75pointsitsfirstfallinninedaysto27,729.67inlateselloffafternewsthatthecreditors
rejectedGreecesnewproposaltookatollonthemarket
ThebenchmarkBSESensexslippedby75pointsitsfirstfallinninedaysto27,729.67inlateselloffafternewsthatthecreditorsrejected
Greecesnewproposaltookatollonthemarketsentiment.
Aftertradinginpositivezoneformostpartoftheday,theindexplungedover200fromahighof27,948.24atthefagendtrackinglossesin
Europeanstocks.
GreekPrimeMinisterAlexisTsiprassaidsomecreditorshaventacceptedthecountrysproposalsforadeal.
TheinsistenceofcertaininstitutionsofnotacceptingparametricmeasureshasneverhappenedbeforenotinIreland,norinPortugal,
hewroteinaTwitterpost.
Traderssaidprofitbookingwaswitnessedinwinnersofrecentrally.
TheBSESensexafterapositivestarthitahighof27,948.24onsustainedbuyinglargelyintunewithabovenormalprogressinmonsoon.
However,itslippedtowardsthecloseonnegativeglobalcuesandtouchedthedayslowof27,647.29,beforesettling74.70pointsor0.27per
centdownat27,729.67.
Inpreviouseightsessions,BSEbarometerhadzoomedby1,433.39pointsor5.4percentasbetterthanforecastedmonsoonraisedhopes
ofaratecutbyRBI.
The50shareNSENiftyafterreclaimingthepsychological8,400markinearlytradetouchedthesessionshighof8,421.35,succumbedto
profitbookingandsettled20.70pointsor0.25percentlowerat8,360.85.
ParticipantsalsopreferredtotrimpositionsaheadofThursdaysJunemonthsexpiryinthederivativessegment.
HindalcowasthebiggestloserontheSensexwithafallof3.70percent,followedbyTataSteelby2.98percent.
Outof30Sensexstocks,24settledinnegativezone.
Meanwhile,foreigninvestorssoldsharesworthRs374.97croreonTuesday,asperprovisionaldata.
Globally,amongotherAsianmarketsJapansNikkeiendedat18yearhighs.
Printableversion|Aug3,201512:48:16AM|http://www.thehindu.com/business/markets/sensexsnapseightdayrallyasgreecewoes
resurface/article7350314.ece
TheHindu
http://www.thehindu.com/business/markets/sensexsnapseightdayrallyasgreecewoesresurface/article7350314.ece?css=print
1/1
Wall Street Ends Broadly Lower on Greek Debt Concerns | Fox Business
MARKET UPDATE
(REUTERS)
U.S. stocks closed lower on Wednesday, dropping in a broad decline as the outcome of
negotiations between Greece and its international creditors remained up in the air,
prompting investors to drop riskier assets like equities.
Wall Street has lately taken its cue from the situation in Greece, which needs fresh funds
to avoid defaulting on a $1.8 billion debt repayment to the IMF on June 30.
Greek Prime Minister Alexis Tsipras recently announced tax and reforms proposals,
which market participants took as a sign of progress. But creditors demanded sweeping
changes to the proposals on Wednesday, adding fresh uncertainty to talks aimed at
unlocking aid to avert a debt default next week.
Wall Street Ends Broadly Lower on Greek Debt Concerns | Fox Business
"The optimism we had about getting close to a deal has faded. That doesn't mean we
won't get one, but insiders seem less confident than they were a few days ago," said Phil
Orlando, chief equity market strategist at Federated Investors in New York.
"If Greece defaults, the economic impact on the U.S. will be relatively minor, but the
headline risk will be significant and could lead to a drop of 5 or even 10 percent" in the
S&P 500.
The U.S. Commerce Department said gross domestic product fell at a 0.2 percent annual
rate in the January-March quarter, instead of the 0.7 percent it estimated last month.
Investors have been keeping a keen eye on economic data to see if the U.S. economy
has recovered from a slow start at the beginning of the year. The Federal Reserve has
said it remains data-dependent and expects to raise rates when it sees a sustained
rebound in the economy.
The Dow Jones industrial average <.DJI> fell 178 points, or 0.98 percent, to 17,966.07,
the S&P 500 <.SPX> lost 15.62 points, or 0.74 percent, to 2,108.58 and the Nasdaq
Composite <.IXIC> dropped 37.68 points, or 0.73 percent, to 5,122.41.
All of the 10 major S&P 500 sectors were lower, with the materials index <.SPLRCM>
leading declines with a 1.3 percent drop.
Monsanto <MON.N> fell 5.7 percent to $106.32 as the S&P's biggest percentage decliner
after the seed company said it would still pursue an acquisition of Swiss rival Syngenta
even as it warned of market challenges ahead.
Netflix <NFLX.O> dipped 0.4 percent to $678.61 after investor Carl Icahn said his firm
had sold the remainder of its stake in the company. The stock moved on heavy volume
of nearly 11 million shares, the most active day for the stock since April, a day after the
video-streaming company's board approved a seven-for-one stock split.
Lennar <LEN.N> rose 4.2 percent to $51.06. The second-largest U.S. homebuilder
reported a better-than-expected 33 percent jump in quarterly profit as it sold more
homes at higher prices.
Declining issues outnumbered advancing ones on the NYSE by 2,154 to 880, for a 2.45to-1 ratio on the downside; on the Nasdaq, 1,987 issues fell and 784 advanced for a
2.53-to-1 ratio favoring decliners.
Wall Street Ends Broadly Lower on Greek Debt Concerns | Fox Business
The S&P 500 posted 17 new 52-week highs and 4 new lows; the Nasdaq recorded 113
new highs and 27 new lows.
About 5.5 billion shares traded on all U.S. platforms, according to BATS exchange data,
below the month-to-date average of 6.1 billion.
(By Ryan Vlastelica; Editing by Nick Zieminski)
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reserved. All market data delayed 20 minutes.
6/29/2015
CrudeOil,Gas,andMetalsPrices.html
BrentCrudeOil
$62.01
1.25
2.02%
2015.06.29endofday
WTICrudeOil
$58.33
1.30
2.23%
2015.06.29endofday
Commodities
Crude Oil
58.33
-2.23%
Natural Gas
2.81
+1.25%
Gasoline
2.03
-0.90%
Heating Oil
1.84
-1.43%
Gold
1178.50
+0.48%
Silver
15.66
-0.45%
Copper
2.64
2015.06.29 end-of-day
-0.23%
Add to your site
CrudeOilPricebyOILPRICE.NET
Price
Change
2015.06.29$58.33 1.302.23%
1YearForecast
$67/Barrel
file:///C:/Users/Srinivas/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/1
Dow Plunges 350 Points, Worst Drop of 2015, Amid Ongoing Greek Crisis | Fox Business
EUROPE
REUTERS/Neil Hall
Dow Plunges 350 Points, Worst Drop of 2015, Amid Ongoing Greek Crisis | Fox Business
selloff. All ten S&P 500 sectors were in the red led by a steep drop in banks and
brokers.
S&P 500 Index (Closing) - 1 Year | FindTheData
Todays Markets
More on this...
Greek crisis hits markets
Greece closes banks for six business days
Have markets already priced in potential Greek exit from euro zone?
Greeces financial system teetered on the brink of collapse, hurtling Monday toward a
potential exit from the eurozone after weeks of negotiations between the nation and its
creditors failed to yield any result.
Eurozone leaders met on Saturday in a last-ditch effort to hammer out a bailout deal, but
Greek Prime Minister Alexis Tsipras refused to accept a deal that would have the nation
cut pensions and raise taxes a combination Tsipras has remained steadfast in
believing would worsen the nations financial distress. Rather than accepting the terms
of the bailout, the Greek leader, in a surprise announcement, said the offer would e
taken to the Greek people in a referendum on July 5.
On Sunday, Greece initiated capital controls on its banks in order to stem withdrawals in
an effort to limit the strain on its financial system. Banks, and the nations stock market,
are set to remain closed throughout the week, while ATMs will reopen on Tuesday. In
the meantime, a 60 euro cap per person per day was enacted on all cash withdrawals
for the foreseeable future.
Failure by Greece to reach a deal with its creditors would result in a default on 1.6 billion
euros in loans from the International Monetary Fund, a payment that comes due on
Tuesday.
Peter Kenny, chief market strategist at ClearPool Group, said whats happened in Greece
is historic, and he put the odds on a Greek exit from the eurozone at well above 50%.
But he said thats not the part market participants are necessarily reacting to right now.
Dow Plunges 350 Points, Worst Drop of 2015, Amid Ongoing Greek Crisis | Fox Business
Everyone has come to terms with the demands from the ECB and the IMF as not
achievable, so markets are well positioned to understand or expect Greece to exit the
EU at some point, he said. The real problem is what it will cost the ECB, specifically
Germany. And secondarily, what does this mean for other periphery economies that are
really joining this chorus of wanting to leave the EU? You can see this most easily in
Spain. The EU cant afford a country the size of Spain in terms of GDP to leave.
Thats the real worry.
The news ricocheted across the eurozone on Monday sending the Euro Stoxx 50, an
index that tracks large-cap stocks in the eurozone, plunging 4.2% to 2468. Meanwhile,
the German DAX dropped 3.5% to 11083, the French CAC 40 slid 3.7% to 4889, and the
FTSE 100 shed 1.97% to 6620.
In Asia, despite interest rate cuts and a lower reserve requirement ratio by the Peoples
Bank of China, the Shanghai Composite index fell into bear-market territory, a 21.54%
drop from a multi-year high of 5166 notched on June 12. The move lower comes amid
concerns valuations were stretched after a sharp rally over the last 12 months. The
Shanghai Composite tumbled 3% during the session, closing at 4053. Elsewhere in
Asia, Hong Kongs Hang Seng index saw a 2.6% drop to 25966, while Japans Nikkei
225 dropped 2.8% to 20109.
As a sign of the rising concerns on Wall Street, the VIX -- a measure of implied volatility - surged 37% on Monday. Thats the biggest gain since February, and the highest level in
four-and-a-half months.
Meanwhile, traders also bid up safe-haven assets including 10-year Treasury bonds and
German bonds. Investors also sought safety in the utilities sector, which declined the
least.
Across the world in the U.S., it was a quiet day ahead on the economic-data front.
Investors got the latest read on the housing market with the release of May pending
home sales data. The National Association of Realtors reported contracts to buy
previously-owned homes rose 0.9% for the month, below a 1.2% expected increase.
It's a July Fourth holiday-shortened week for U.S. traders, but a big economic release
looms on the horizon at the end of the week: The June jobs report. Its an important read
on the economy as it will be closely-watched by the Federal Reserve, which is expected
to begin raising interest rates in September from historic lows. Analysts are expecting
another strong month of strong job creation, with more than 250,000 new jobs and a
http://www.foxbusiness.com/markets/2015/06/29/us-equity-futures-tumble-as-greek-crisis-worsens/?intcmp=bigtopmarketfeaturesside[6/29/2015 7:46:00 PM]
Dow Plunges 350 Points, Worst Drop of 2015, Amid Ongoing Greek Crisis | Fox Business
Dow Plunges 350 Points, Worst Drop of 2015, Amid Ongoing Greek Crisis | Fox Business
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reserved. All market data delayed 20 minutes.
6/29/2015
Sensextanks600pointsintradayTheHindu
BUSINESSMARKETS
Published:June29,201523:43IST|Updated:June30,201500:08IST
MUMBAI,June29,2015
Sensextanks600pointsintraday
OOMMENA.NINAN
ConcernsoverGreecedebtcrisistriggeringcontagioneffectonothercountrieslikePortugal,SpainandItaly,thrashedthehopesofthe
recoveringstockmarketsasthebenchmarkSensexdippedmorethan600pointsintheintradayonMonday.
Therupee,however,lost20paiseat63.84perU.S.dollarcomparedtothepreviousclose
TheBSE30shareSensitiveIndex(Sensex)dippedby602.65intheintradaybeforeclosingwithalossof166.69pointsor0.60percentat
27645.15.
ThebroaderindicestoodippedasBSE100wasdownby0.82percentandBSE200lost0.86percent.Whilemidcapstocksclosedsharply
downby1.37percent,thesmallcaplost1.49percent.
OntheNationalStockExchange(NSE),the50shareNiftywasdownby62.70pointsor0.75percenttocloseat8318.40.
GreecesdecisiontoholdareferendumonJuly5hasincreasedtheoddsofitexitingtheEurozone,said.VinodNair,HeadFundamental
Research,GeojitBNPParibasFinancialServicesLtd.
Mr.NairsaidtheIndianmarkethadshownstrongresiliencebyrecoveringwellfromthedayslow.Globalinvestorswouldbeatariskoff
modebythetimefinaloutcomeoftheGreecereferendumwouldbeunderstood.
CompulsionsandcommoninterestofGreeceandEuropeanUnionwillensurethattherewillbemanyswingsinthesagakeepingthesafe
heavenlikeGermanandSwissBondsindemand,Eurounderpressureandglobalequitymarketsvolatile,saidNileshShah,Managing
DirectoratKotakMutualFundontheGreecesituation.
However,Mr.ShahpointedoutthatIndianmarketswouldwitnesslittlelowervolatilitythanpeersasweareleastimpactedfromthe
unfoldingeventsinGreeceandEuropeanUnion.
HesaidthatcertainstocksinIT,pharmaceuticalsandautoancillarieshavingsignificantexposuretoEurowouldunderperformthemarket.
SincetheGreecedebtcrisisissuewasknownforsometime,itwasunlikelytocauseasmuchcorrectionasthe2008globalfinancialcrisis,he
added.
Mr.ShahalsosaidthatequitymarketswhilecorrectinginlinewithpeersonMondaywouldbemoreimpactedbyhowmonsoonbehavesin
July,andhowmonsoonsessionofParliamentisabletolegislatebillssuchasGSTandLandAcquisitionandhowJune2015quarterlyresults
panout.
Printableversion|Jun30,20155:22:13AM|http://www.thehindu.com/business/markets/sensextanks600points
intraday/article7367716.ece
TheHindu
http://www.thehindu.com/business/markets/sensextanks600pointsintraday/article7367716.ece?css=print
1/1
7/2/2015
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StocksFallAmidPersistingGreekUncertainty|FoxBusiness
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MARKETUPDATE
StocksFallAmidPersistingGreekUncertainty
ByVictoriaCraig
69
131
27
PublishedJuly06,2015
FOXBusiness
(REUTERS)
FOXBusiness:ThePowertoProsper
U.S.equitymarketsfellonMonday,adayaftertheGreekpeoplevotedoverwhelminglyinoppositionofeconomicreforms
demandedbythenationseurozonecreditors.
TheDowJonesIndustrialAveragefell46points,or0.26%to17683.TheS&P500lost8points,or0.39%to2068,while
theNasdaqCompositeshed17points,or0.34%to4991.
TodaysMarkets
ThefocusonWallStreetremainedinGreeceMondayaftermorethan61%ofvotersthere,inaSundayreferendum,casta
ballotagainstbailoutdemandsfromthenationsEuropeancreditorsthatincludedarangeofausteritymeasuresincluding
highertaxesandpensionreforms.
WhiletheinitialreactioninU.S.equitymarketswasdecidedlynegative,sentimentturnedaroundbymiddayastraders
triedtogaugewhatmightbeonthehorizonforGreeceanditslenders.
Moreonthis...
http://www.foxbusiness.com/markets/2015/07/06/aftergreeksvotenousequityfuturesfall/?intcmp=bigtopmarketfeaturesside
1/9
7/6/2015
StocksFallAmidPersistingGreekUncertainty|FoxBusiness
Teslanearalltimehigh
GreecenotaLehmaneventforEurope?
WilburRoss:ContinuetobeinvestedinGreekbank
NickKalivas,seniorequityproductstrategistforInvescoPowerShares,saidwhilethefearisthatthereferendums
outcomewouldresultinasocalledgrexitforGreecefromtheEU,whichwouldpotentiallycausecontagionandwreak
havoc,tradersarebettingmoreontheoddsofadeal.
Thebignegativeistheuncertainty.Peoplearejustnotsurewhatsgoingtohappen,orhowitllplayoutandthats
removingthebidmorethancausingpeopletosell,Kalivassaid.Soitsuncertaintythatsreallyweighingonthemarket,
andtosomedegree,keepingpeopledistractedfromfocusingonearnings,M&A,andothermoremarketorienteddrivers.
Addingtotheuncertainty,Greecesfinanceminister,YanisVaroufakisannouncedearlyMondayhewillstepdownfromhis
post,sayinghewillwearthecreditorsloathingwithpride.Asuccessorhasnotyetbeenformallynamed,howevermedia
reportsindicateEuclidTsakalotos,Greecesdeputyforeignminister,willreplaceVaroufakis.
InanotelateSunday,Barclayseconomicsteamsaidinlightofthereferendumresults,andfailuretonegotiateadealwith
theEUuptothispoint,Greecesexitfromtheeurozoneisthemostlikelyscenario.
AgreeingonaprogrammewiththecurrentGreekgovernmentwillbeextremelydifficultforEAleaders,giventheGreek
rejectionofthelastdealofferedandwillbeadifficultsellathome,thenotesaid.
TheEuropeanCentralBanksgoverningcouncilwillmeetMondaytodiscussemergencylendingoptionsforGreece.Inthe
meantime,GermanChancellorAngelaMerkelandFrenchpresidentFrancoisHollandeweresettomeetinParison
Monday,withameetingofeurozoneleadersplannedforTuesdayinBrussels.
AtTuesdaysmeeting,whereeurozoneleadersareexpectingGreecetocometothetablewithsuggestionsforhowto
moveforward,Kalivassaidtherearethreemostlikelyoutcomes:EUwillprovideliquidity,theEUwillprovideliquiditywith
abiggerhaircutonthedebtor,orthegroupwontprovideanyemergencyaidatall.
Thatsthemilliondollarquestionhere,hesaid.Myguessissincetheresameetingtomorrowtheymightthrowalifeline
atGreeceingoodfaithtokeepthingsgoing.Butitprobablywontbesignificantenoughtochangethepotentialoutocome
downtheroadthenextroundofsupportwilleitherbemoreaggressivewiththestatusquo,ortheyjustbackoutandlet
chaosreignintheGreekfinancialsystem.
Fornow,WindhavenInvestmentManagementChiefInvestmentStrategistDr.ChristianMenegattisaidforthetimebeing,
Greeceisstuckintheeurozonewithafewmoreroundsofnegotiatingtoplay.
Theycantexitbecausetherearenoprovisionsinthetreaty,eveniftheyreforcedtoissueIOUs[onpensionpayments]
thosewillbeinstruments,notcurrency.Theyllgobacktothenegotiatingtable,henoted.However,thelongerbanksare
closed,andthesystemisilliquid,thehigherrisktheyllbeforcedintomakingIOUslegaltender.
Inthemeantime,theInternationalMonetaryFundsManagingDirectorChristineLagardesaidinastatementMondaythe
IMFhastakennoteofthereferendumsresults.
WearemonitoringthesituationcloselyandstandreadytoassistGreeceifrequestedtodoso,shesaidinthestatement.
FearofuncertaintywasfeltacrossEuropeanmarketsonMonday.TheEuroStoxx50,whichtrackslargecapstocksinthe
eurozone,dropped2.22%to3365,theGermanDaxshed1.52%to10890,theFrenchCAC40lost2.01%to4711,while
theUKsFTSE100traded0.76%lowerto6535.
http://www.foxbusiness.com/markets/2015/07/06/aftergreeksvotenousequityfuturesfall/?intcmp=bigtopmarketfeaturesside
2/9
7/6/2015
StocksFallAmidPersistingGreekUncertainty|FoxBusiness
Meanwhile,aftertheShanghaiCompositefellintobearmarketterritorylastweekafterarecent30%plunge,onSunday
Chinaunveiledunprecedentedstepstopreventastockmarketcrash.ThemovehelpedsendtheShanghaiCompositeup
2.41%to3775.
ElsewhereinAsia,HongKongsHangSengdropped3.67%to7610,whileJapansNikkeished2.08%to20112.
AsstockmarketsacrosstheglobereactedtothecontinuingturmoilinGreece,traderssoughtshelterinsafehavenassets.
Theyieldonthebenchmark10yearU.S.Treasurynotedropped0.11percentagepointsto2.28%.Bondyieldsmovein
theoppositedirectionofprices.
ItsalightweekforeconomicdataintheU.S.Mondaytradersdigestedthelatestreadingonservicesectorgrowthfrom
theInstituteforSupplyManagement.TheISMgaugetickedhigherto56inJunefrom55.7inMay.Thereading,however,
cameinshyofexpectationsforariseto56.2.Readingsabove50indicateexpansion,whilethosebelowpointto
contraction.
Laterintheweek,traderswillgetthelatestlookatconsumercredit,wholesaletrade,andtheminutesfromtheFederal
Reserveslastpolicymeeting.
After167years,itstheendofaneraformostopenoutcryfuturestradingpitsinNewYorkandChicagoastheyclose
MondayafteradecisiontoshutterthemcameinFebruarybytheworldslargestfuturesmarketoperator,theCMEGroup
(CME).Thepitswereoncehometofrenziedtraderswhoboughtandsoldarangeoffuturescontractsincludingcattle,
corn,gold,andothercommodities.
Overtheweekend,Aetna(AET)agreedtobuysmallerrivalHumana(HUM)ina$37billioncashandstockdealthe
largesteverinsurancetieup.
Meanwhile,incommodities,U.S.crudeoilpricestumbled7.73%to$52.53perbarrel,thelargestonedaylossforNymex
WTIfuturessinceFeb.4.Brentcrudesawa6.34%declineto$56.98perbarrel.Goldsawa0.52%tickhigherto$1,169
pertroyounce.
Incurrencies,theeurofell0.33%againsttheU.S.dollar.
FollowVictoriaCraigonTwitter@VictoriaCraig.
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http://www.foxbusiness.com/markets/2015/07/06/aftergreeksvotenousequityfuturesfall/?intcmp=bigtopmarketfeaturesside
3/9
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StocksFallAmidPersistingGreekUncertainty|FoxBusiness
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StocksFallAmidPersistingGreekUncertainty|FoxBusiness
ParisHiltonmaysuefor
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heroismofBristolPalin
Signin
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Share
Postcommentas...
NOKOOLAID4METKS
6hoursago
I'msuretheFedswereintherebuyingtopropupthemarket....they
knowwhenthiscomingcrashgetsstarted...itgoingtothebottom!!!
Like
spectre007
Reply
8hoursago
Idon'tseeanychangeinourstocks...bigdealtheyareoff40points
notunusualforthestockmarket...
2 Like
NOKOOLAID4METKS
Reply
6hoursago
@spectre007JustlikeChina,ourGovernmentisinthe
marketproppingitup!!!
Like
SonofAdam
Reply
9hoursago
IforeseeGreeceturningaround,gettingoutofdebt,andkissingthe
EUgoodbye.
1 Like
Azorin
Reply
10hoursago
Greece:Weshallspendotherpeople'smoneylikedrunkensailorsand
thendiginourheels...
2 Like
roberttabbott
Reply
10hoursago
401KWasafantasticretirementplanthegovernmentsaidsoare
investmentexpertssaidsoandweboughtintoit.Asalwaystheywere
http://www.foxbusiness.com/markets/2015/07/06/aftergreeksvotenousequityfuturesfall/?intcmp=bigtopmarketfeaturesside
5/9
7/6/2015
StocksFallAmidPersistingGreekUncertainty|FoxBusiness
investmentexpertssaidsoandweboughtintoit.Asalwaystheywere
righttheymadebillionsandwelostourretirementfunds.Theydidthe
samesortofgamestheworldover.Greecedeserveswhatitgotwall
streetwillspendtheillgottengainsmuchwiserthanthemiddleclass.
Like
WillieHarris
Reply
10hoursago
IamnotsympathetictothepredatorylendingpracticesofGermany
andFrance.Theyarejustsleazyloansharkslikethepaydaylenders
andthestudentloanscammers.IhopetheGreekstakethemtothe
cleaners.
1 Like
WillieHarris
Reply
10hoursago
A55pointdeclineontheDowispeanuts.Whythedoomandgloom?
3 Like
1HonestJohn
Reply
10hoursago
@WillieHarrisbillionsofpotentialdefaultsonthehorizon
Like
NASAMAN
Reply
9hoursago
@1HonestJohn@WillieHarrisBankruptcycourtswill
befloodedsoon.
Like
Azorin
Reply
10hoursago
@WillieHarrisEspecially,ifitisn'tyourmoney,right?
Like
Joohnn
Reply
11hoursago
MostofthesmartandproductiveGreeksleftalongtimeago.Wesee
liberalismatit'sfinesthere,whereGreeksactuallyexpectGermanyto
supportthem....lol
2 Like
ZO666
Reply
11hoursago
Greece,AwellthoughtoutLiberalSocialiststrategy....Toppedwiththe
usualdeceitandCorruption...remindyouofanywhere...?
2 Like
JB07
Reply
12hoursago
Americaiswaitingfortheshoefallonitsfeet
1 Like
Reply
http://www.foxbusiness.com/markets/2015/07/06/aftergreeksvotenousequityfuturesfall/?intcmp=bigtopmarketfeaturesside
6/9
7/6/2015
StocksFallAmidPersistingGreekUncertainty|FoxBusiness
alwaysfaithful01
12hoursago
IthinkweshouldjustbuyGreeceandbedonewithit!
Like
lynnhalle
Reply
12hoursago
Ireallydon'tthinktheAmericanStockMarketshouldbeaffectedwith
whatishappeninginGreece.IdothinktheStockMarketistoohigh
withthehighdebtandandlackofindustrialjobshereinAmerica.So
perhapsWallStreetisusingthissituationtocorrectitself.Thebiggest
mistakeAmericansmadewasgivinguppensionsforthe401K's.
Peoplearegoingtobeforcedtoworkforeverbecausetheywon't
haveenoughmoneytoretire....unlessyouareaFederalEmployeeand
getretirementpay.
Like
buddman57
Reply
12hoursago
HeyPrezidentObammieareyoupayingattention??????
Youcan'tborrowthecountryoutofdebtThebankofChinawillrefuse
1 Like
ObamaJurkoff
Reply
13hoursago
Obamahasusheadeddownthesamepathoffinancialdevastationas
Greece.
5 Like
theredhawk
Reply
11hoursago
@ObamaJurkoffPossiblybecausehestillneedsaCrash
CourseonthefactthatSOCIALISMDOESNOTWORK....
2 Like
mohawk51
Reply
13hoursago
Itwillbeaninterestingdayforsure.
Like
ZO666
Reply
13hoursago
TheGreekpeoplehavehadenoughofthecorruptionandcontrol
causingthedestructionofthefreeworld.
Like
billt460
Reply
13hoursago
Thisisn't,"kickingthecan",it'slikekickingananvil.Thesadthingis
we'reheadingintheexactsamedirection.
3 Like
repsnow
Reply
13hoursago
http://www.foxbusiness.com/markets/2015/07/06/aftergreeksvotenousequityfuturesfall/?intcmp=bigtopmarketfeaturesside
7/9
7/6/2015
StocksFallAmidPersistingGreekUncertainty|FoxBusiness
repsnow
13hoursago
Weareheadedinthesamedirectionexceptwhenithappenstousit
willhaveadevastatingglobaleffect.Thisisaprimeexampleofwhat
anentitlementmentalitywillproduce.
3 Like
survivor50
Reply
14hoursago
SotheGreekeconomywillbringdowntheentireworldeconomy...
Whoknew???Theyaresoooopowerful!!!
EuropeanUnion...remindsmeofU.N....UNITEDNOTHING...
2 Like
AbelGarcia
Reply
14hoursago
Greeceprovesyoucan'tspendyouwaytoprosperity!
2 Like
theredhawk
Reply
11hoursago
@AbelGarciaTellthattothePRGRESSIVEUNEDUCATED
VOTINGLIBERALS!
1 Like
greggebhardt
Reply
14hoursago
Letthemknowbankruptcy!
SoonerorlaterAmericawillknowthesame!
2 Like
Reply
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8/9
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StocksFallAmidPersistingGreekUncertainty|FoxBusiness
Thismaterialmaynotbepublished,broadcast,rewritten,orredistributed.FOXNewsNetwork,LLC.Allrightsreserved.Allmarketdatadelayed20minutes.
http://www.foxbusiness.com/markets/2015/07/06/aftergreeksvotenousequityfuturesfall/?intcmp=bigtopmarketfeaturesside
9/9
7/6/2015
CrudeOil,Gas,andMetalsPrices.html
BrentCrudeOil
$56.54
5.53
9.78%
2015.07.06endofday
WTICrudeOil
$52.53
4.40
8.38%
2015.07.06endofday
Commodities
Crude Oil
52.53
-8.38%
Natural Gas
2.76
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1.92
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1.71
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+1.20%
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2.54
2015.07.06 end-of-day
-3.60%
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2015.07.06$52.53 4.408.38%
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Search
Sensexcrashes483pointsonChineserout,GreeceworriesTheHindu
GO
BUSINESSMARKETS
Published:July8,201516:46IST|Updated:July8,201516:58IST
Mumbai,July8,2015
Sensexcrashes483pointsonChineserout
PTI
PTI
StockbrokersattheBSEreactastheSensexdeclinedbyover400pointsinMumbaionWednesday.
ThisisthebiggestonedayfalloftheSensexsinceaplungeof661pointsrecordedoveramonthagoonJune2.
StockmarketbenchmarkSensexonWednesdaytumbledover483points,itsbiggestfallinoveramonth,tosettlebelowthe28,000levelas
routinShanghaisharesandfearsofGreekseurozoneexitrattledinvestors.
Withinvestorsindulginginwidespreadselling,includinginmetalandautoshares,theNSEbenchmarkNiftyalsocrashedbelow8,400point
mark.
AfreshweaknessintherupeeagainsttheUSdollaralsodampenedthetradingsentiment,equitybrokerssaid.
Investors'sentimenthit
InvestorsentimentwasbadlyhitfollowingamajorselloffinotherAsianmarketswithanearly6percentcrashinShanghaidespite
additionalmeasuresannouncedbythegovernmenttoshoreupthetumblingmarket,theyadded.
The30shareindexcommencedloweranddippedbelowthepsychological28,000marktotouchalowof27,635.72beforeendingat
27,687.72,afallof483.97points,or1.72percent.
ThisisthebiggestonedayfalloftheSensexsinceaplungeof661pointsrecordedoveramonthagoonJune2.
Sellingwaswidespreadinthemarket,whichpulleddownallthesectoralindicesbyupto3.89percent.
ThebroaderNSENiftyalsosuccumbedtoallroundsellingandslippedbelowthe8,400marktoclosethesession147.75points,or1.74per
cent,tocloseat8,363.05.
Intraday,ithoveredbetween8,457.50and8,341.40.
http://www.thehindu.com/business/markets/sensexcrashes483pointsonchineseroutgreeceworries/article7399326.ece?css=print
1/2
Stocks Pull Back Amid NYSE Halt, China Jitters | Fox Business
MARKET UPDATE
(Reuters)
Stocks Pull Back Amid NYSE Halt, China Jitters | Fox Business
Trading on the NYSE was stopped around 11:30 a.m. ET and remained in a holding
pattern until 3:10 p.m. ET. All open orders at the time were cancelled.
More on this...
SEC, FBI & Rival Exchanges Respond to NYSE Shutdown
NYSE Trading Suspended by Nearly Four-Hour Outage
Dick Grasso on NYSE trading halt
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GM CEO: Still focused on China, its an important market
Despite the NYSE halt, action on Wall Street continued. The exchange said its allelectronic ARCA and options markets remained open. The Nasdaq declared self-help
against the NYSE and rerouted trades to other exchanges. In the last 30 minutes before
the closing bell, NYSE composite volume was sitting 8% above its one-month average.
Shares of Intercontinental Exchange (ICE), the NYSEs parent company, fell 2.4%.
Under any circumstances where there is an unexpected trading halt, much less NYSE
floor wide, investors and the broader market landscape are given an unexpected
variable to price. That is rarely a positive and tends to undermine confidence, Peter
Kenny, chief market strategist at Clearpool Group said. Liquidity has enormous value to
investors. Trading halts deny investor access to that liquidity.
The broader market was down in negative territory from the start of the session, with
jitters over China and Greece persisting. The VIX index, a reflection of market anxiety,
jumped 22% to post its highest close since January.
Traders in the U.S. turned their focus to China where the Shanghai Composite closed 6%
lower after an 8.2% plunge at the open. The move comes as the nations stock market
dives deeper into bear market territory, which it entered last week after sinking more
than 30% in the last month.
Over the weekend, the Chinese government attempted to prop up the market with a
range of measures, and so far trading in more than 40% of the market there has been
suspended. On Wednesday, Chinas government said it plans to spend $40.3 billion in
Stocks Pull Back Amid NYSE Halt, China Jitters | Fox Business
the weakest areas of the nations economy, and work to speed up large public service
projects like road construction. Further, regulators said they would ease rules for
insurers to buy up blue chips, while state-owned companies should wait to sell any
holdings in public companies.
But the support hasnt seemed to do much to encourage investors.
A spokesperson for the China Securities Regulatory Commission in a statement
Wednesday, called the selloffs in the market irrational, and described the market mood
as panic sentiment. According to media reports, Chinas securities regulators enacted
a ban on major shareholders, corporate executive and directors to prevent them from
selling their stakes in public companies for six months.
So far, the Chinese policymakers actions have been ineffective and a bit puzzling,
Michael Block, chief strategist at Rhino Trading Partners wrote in a note. I see all of
these stocks halted and am shaking my head, thinking that this will solve nothing.
He noted the actions are similar to those taken in the U.S. back in 2008.
U.S. regulators banned short selling in financial stocksonly to see all of those stocks
collapse and make new lows in February to March 2009. The rest was history, but those
months were scary times, he said.
Elsewhere in Asia, Hong Kongs Hang Seng dropped 5.84% to 23517, while Japans
Nikkei fell 3.14% to 19737.
Meanwhile, Greece was given a final ultimatum: Bring a viable proposal for debt relief to
the table, or face an exit from the eurozone, and on Wednesday, Greek Prime Minister
Alexis Tsipras sent a letter to European leaders requesting an additional three-year
emergency loan. In exchange, Tsipras promised to enact tax and pension reform.
In a statement, Tsipras said the proposal is socially just and should be a workable
agreement for both Greece and its other eurozone members.
This framework includes credible reforms that respect social justice. It also includes a
commitment to sufficiently cover the financial needs of the country in the medium-term, a
strong investment package to address the major problems mainly unemployment as
well as the commencement of a real discussion on the necessary debt restructuring, the
statement said.
Stocks Pull Back Amid NYSE Halt, China Jitters | Fox Business
Amid the ongoing drama overseas, European markets traded in positive territory. The
Euro Stoxx 50, which tracks large-cap companies in the eurozone, rose 1.01% to 3327.
Meanwhile, the German Dax climbed 0.66% to 10747, the French CAC 40 rose 0.75% to
4639, while the UKs FTSE 100 traded up 0.91% to 6490.
In currencies, the euro rose 0.51% against the U.S. dollar. The yield on the benchmark
10-year U.S. Treasury note fell close to 0.03 of a percentage point to 2.21%. Bond yields
move in the opposite direction of prices.
Meanwhile, after a nasty plunge in the prior session, commodities looked to take a
pause. U.S. crude oilcontinued trading to the downside, sliding 1.3% to $51.65 a barrel.
Brent crude fell 0.60% to $57.03 a barrel.
Gold also drifted higher, rising 0.8% to $1,162 a troy ounce. Copper, which is largely
seen as an economic barometer due to its broad industrial uses, touched its lowest level
in six years Tuesday, turned around on Wednesday, rising 1.9%.
In the U.S., the Federal Reserve released the minutes from its latest policy meeting. Most
members of the Federal Open Markets Committee are awaiting more proof that
Americans economic recovery will continue before raising interest rates.
Traders have kept a close eye on the FOMC minutes to gauge what members are
thinking as far as the timing and trajectory of interest rate hikes. Currently, rates remain
at historic lows. Many on Wall Street expect September to bring the first rate hike, while
some see a second hike as early as December.
On the corporate news front, Alcoa (AA) rose 0.7% in after-hours trading. The aluminum
maker kicked off earnings season with a second-quarter adjusted profit of 19 cents a
share, below the consensus estimate of 23 cents. Revenue was $5.9 billion, beating
calls for $5.8 billion.
Microsoft (MSFT) was down 0.1% after Redmond announced layoffs in positions related
to its phone business. The company said it would eliminated 7,800 jobs, and record a
$7.6 billion impairment charge related to assets from its Nokia Devices and Services
acquisition, as well as a restructuring charge between $750 million and $850 million.
Barclays (BCS) said on Wednesday its CEO Antony Jenkinswill depart the firm after
three years at the helm. The British bank said the move comes amid a strategic change
Stocks Pull Back Amid NYSE Halt, China Jitters | Fox Business
at the company where it looks to boost shareholder returns. Shares slipped 1.2%.
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7/10/2015
Search
Sensexdown114ptsaheadofTCSearningsTheHindu
GO
BUSINESSMARKETS
Published:July9,201517:19IST|Updated:July9,201517:20IST
Mumbai,July9,2015
Sensexslipsfurther,down114ptsaheadofTCSearnings
PTI
AninvestorwatchesthestockpricesatascreenoutsidetheBSE.Photo:PTI
Thisisgaugeslowestclosing,sinceJune19andhasnowlost635.10inthreeconsecutivesessions.
TheBSEbenchmarkSensexfellover114pointstocloseatalmostthreeweeklowof27,573.66,asstocksledbytheITsectorretreatedon
cautionaheadofTCSresults,shruggingoffareboundinglobalmarkets,includingChina.
The30packindexhitthedayshighof27,798.13inearlytradeonvaluebuying,inrecentlybatteredbluechips.
However,higherlevelscouldnotbesustainedduetoselling,draggingdowntheSensexintothenegativezone,toalowof27,540.60before
ending114.06points,or0.41percent,downat27,573.66.
Thisisgaugeslowestclosing,sinceJune19andhasnowlost635.10inthreeconsecutivesessions.
The50shareNiftytoodropped34.50points,or0.41percent,toendat8,328.55.Duringintrasession,itmovedbetween8,400.30and
8,323.
Marketshowedsomesignsofrecoveryinearlytrade,largelyinlinewithafirmingtrendatotherAsianmarketsandreboundinChinese
stocksasthegovernmentannouncedmoremeasurestoarrestamarketslump,equitybrokerssaid.
Stocksareunabletomaintainhigherlevels,asmarketislackinganypositivetrigger,saidManojChoraria,aDelhibasedbroker.
Acautiousstancefromtheparticipantsbookingprofits,aheadoftheTCSearningsannouncementwipedoffearlygains.
OtherSensexlosersincludeVedanta,BajajAuto,TataMotors,NTPCandONGC.
Buckingthetrend,BHEL,L&T,Hindalco,HeromotoCorp,BhartiAirtel,LupinLab,ICICIBank,DrReddys,SunPharmaandSBInotchedup
gainsupto3.59percent.
Onthe30sharepack,20companiesclosedwithlosses.
Sectorwise,oil&gassufferedthemost,followedbyIT.
http://www.thehindu.com/business/markets/sensexdown114ptsaheadoftcsearnings/article7403551.ece?css=print
1/2
7/10/2015
Sensexdown114ptsaheadofTCSearningsTheHindu
Broadermarketswereaffectedtoo,withtheBSEsmallcapandmidcapindicesfallingupto0.33percent.
Globally,otherAsianmarketsendedhigherwithChinamainlandindex,ShanghaiComposite,rebounding5.76percentandEuropean
marketsshowingabettertrendinopeningtrade.
Printableversion|Jul10,201510:28:51PM|http://www.thehindu.com/business/markets/sensexdown114ptsaheadoftcs
earnings/article7403551.ece
TheHindu
http://www.thehindu.com/business/markets/sensexdown114ptsaheadoftcsearnings/article7403551.ece?css=print
2/2
7/14/2015
CrudeOil,Gas,andMetalsPrices.html
BrentCrudeOil
$57.85
0.88
1.52%
2015.07.13endofday
WTICrudeOil
$52.20
0.54
1.03%
2015.07.13endofday
Commodities
Crude Oil
52.20
-1.03%
Natural Gas
2.86
+3.28%
Gasoline
1.94
-3.96%
Heating Oil
1.72
-1.23%
Gold
1155.20
-0.22%
Silver
15.44
-0.21%
Copper
2.56
2015.07.13 end-of-day
+0.39%
Add to your site
CrudeOilPricebyOILPRICE.NET
Price
Change
2015.07.13$52.20 0.541.03%
1YearForecast
$60/Barrel
file:///C:/Users/Srinivas/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/1
7/15/2015
CrudeOil,Gas,andMetalsPrices.html
BrentCrudeOil
$57.05
1.46
2.56%
2015.07.15endofday
WTICrudeOil
$51.41
1.63
3.17%
2015.07.15endofday
Commodities
Crude Oil
51.41
-3.17%
Natural Gas
2.92
+2.67%
Gasoline
1.86
-3.86%
Heating Oil
1.67
-3.35%
Gold
1147.20
-0.53%
Silver
15.03
-1.78%
Copper
2.53
2015.07.15 end-of-day
-0.55%
Add to your site
CrudeOilPricebyOILPRICE.NET
Price
Change
2015.07.15$51.41 1.633.17%
1YearForecast
$59/Barrel
file:///C:/Users/Srinivas/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/1
7/20/2015
CrudeOil,Gas,andMetalsPrices.html
BrentCrudeOil
$56.65
0.45
0.79%
2015.07.20endofday
WTICrudeOil
$50.15
0.74
1.48%
2015.07.20endofday
Commodities
Crude Oil
50.15
-1.48%
Natural Gas
2.82
-1.66%
Gasoline
1.93
Heating Oil
1.66
-0.34%
Gold
1106.70
-2.27%
Silver
14.74
-0.51%
Copper
2.48
2015.07.20 end-of-day
-0.83%
Add to your site
CrudeOilPricebyOILPRICE.NET
Price
Change
2015.07.20$50.15 0.741.48%
1YearForecast
$57/Barrel
file:///C:/Users/Srinivas/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/1
MARKET UPDATE
(Reuters)
U.S. stocks fell on Tuesday in the wake of results from IBM and United Technologies that
dampened early optimism over earnings season ahead of quarterly profits from tech
giants including Apple and Microsoft.
The Dow fell 1 percent, with IBM and United Tech contributing around 118 points to the
181-point drop. The decline marked the biggest percentage decline in about two weeks
for the blue-chip index.
IBM's shares were down 5.9 percent to $163.07, a day after the company's revenue
dropped for the 13th consecutive quarter and fell short of analyst expectations.
Fellow Dow component United Technologies tumbled 7 percent to $102.71 and was the
http://www.foxbusiness.com/markets/2015/07/21/futures-struggle-for-direction-amid-earnings-deluge/[7/21/2015 8:59:38 PM]
worst performer on the Dow after cutting its full-year profit outlook for the third time this
year.
"For the first time in a while, fundamentals seem to be driving the action today in an
otherwise very quiet macro backdrop and probably will continue to do so for the next
couple of weeks as we work through the heart of earnings season," said Ryan Larson,
head of U.S. equity trading at RBC Global Asset Management in Chicago.
After the closing bell, Microsoft lost 3.5 percent to $45.60 and Yahoo shed 1.8 percent to
$39 with Apple still expected to report. Strong earnings from technology companies have
helped drive gains on the Nasdaq, which has outperformed both the Dow and S&P 500
in July.
While markets are near record highs, June-quarter earnings of S&P 500 companies are
expected to dip 1.9 percent, according to Thomson Reuters data. That marks an
improvement from the expected decline of 3 percent on July 1, but well below the 5.9
percent gain forecast on Jan. 1.
So far, 70 percent have reported earnings above analyst expectations, above the 63
percent average beat rate since 1994.
However, 53 percent have topped revenue forecasts, below the 61 percent average beat
rate since 2002. U.S. companies are expected to post their worst sales decline in nearly
six years in the second quarter, in part due to the strong dollar that reduces the value of
U.S. companies' overseas income.
The Dow Jones industrial average fell 181.12 points, or 1 percent, to 17,919.29, the S&P
500 lost 9.07 points, or 0.43 percent, to 2,119.21 and the Nasdaq Composite dropped
10.74 points, or 0.21 percent, to 5,208.12.
Apple shares weighed on the Nasdaq, down 1 percent at $130.75. The company
experienced an outage with its App Store, Apple Music, iTunes Store and some other
services for more than three hours.
NYSE declining issues outnumbered advancing ones 1,841 to 1,217, for a 1.51-to-1 ratio
on the downside; on the Nasdaq, 1,630 issues fell and 1,130 advanced for a 1.44-to-1
ratio favoring decliners.
The S&P 500 posted 29 new 52-week highs and 26 new lows; the Nasdaq Composite
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reserved. All market data delayed 20 minutes.
7/21/2015
Search
Sensexplunges238pointsafterSunPharmassteepestfallTheHindu
GO
BUSINESSMARKETS
Published:July21,201518:13IST|Updated:July21,201518:13IST
Mumbai,July21,2015
Sensexplunges238pointsafterSunPharmassteepestfall
PTI
PTI
TheSensexstartedthedayonaweakernoteat28,391.82.
ITexporterInfosysmayhavebeenthestaroftheday,butthebenchmarkBSESensexlostgroundheavily,weigheddownbysomelatesession
sellingpressure,whichendedtheday238pointslowerat28,182.14.
InvestorfocuswasonthemonsoonsessionofParliamentandheavyweightearningsasthemarkettradedsidewaysandfinallyclosedinthe
negativeterritory,saidAlexMathews,HeadResearch,GeojitBNPParibasFinancialServices.
Cautiousinvestorssteeredclearofhealthcare,realty,refinery,bankingandFMCGcounters.
SunPharmadealtthemaximumblow,plungingasmuchas15%,itsbiggestdailyfall,afterthecompanywarnedthatitsearningsnumbers
wouldbetepidatbest.
ButthesilverliningwasInfosyswhosestockzoomed11percentafterthecompanyreportedanearly5percentyoyincreaseinconsolidated
netprofitatRs3,030crorefortheJunequarter.ItsbullishrevenueguidanceliftedotherITstockstoo.
TheSensexstartedthedayonaweakernoteat28,391.82,butrecoveredimmediatelyto28,518.06onthebackofsolidforeigncapitalinflows
coupledwithInfosyspositiveshow.
Intraday,itfellto28,138.30beforesettlingat28,182.14,down237.98points,or0.84percent,largelyduetofagendprofitbookingby
participants.
The50shareNiftydropped74points,or0.86percent,tocloseat8,529.45aftertradingbetween8,517.90and8,646.75.
Ofthe30Sensexstocks,23endedlowerwhileonlysevennotchedupgains.
Printableversion|Jul22,20156:32:02AM|http://www.thehindu.com/business/markets/sensexplunges238pointsaftersunpharmas
steepestfall/article7448081.ece
TheHindu
http://www.thehindu.com/business/markets/sensexplunges238pointsaftersunpharmassteepestfall/article7448081.ece?css=print
1/2
MARKET UPDATE
(Reuters)
investors.
After the bell Tuesday, Apple unveiled headline results that beat forecasts, but it was the
current-quarter outlook and a miss on some iPhone sales targets in the fiscal third
quarter that had investors worried, and the stock plunging.
Apple said it sold 47.5 million iPhones during the quarter, but analysts had hoped for
sales around 49 million. The iPhone sales figure was a 35% increase from the year-ago
period, but a 22% drop from the companys fiscal second quarter. No details were given
on the companys watch sales. As for its upcoming fiscal fourth quarter, the tech
behemoth said it expects revenue to come in below estimates.
Apple shares closed the session 3% lower.
While investors are shedding their shares in the company, analysts at Cantor said
despite the weak numbers they still considers Apple a buy.
Apple is still in the midst of a transformational super cycle with the first new product
category in five years with the Apple Watch, a multi-year iPhone cycle given the larger
form factor, big momentum in China, potential new areas of innovation and a rapidly
expanding digital matrix, analysts wrote in a note.
Meanwhile, like its rival, despite a beat on the headline numbers, Microsoft booked a
$3.2 billion net loss as it was hit with charges related to its Nokia phone business, job
cuts and slowing demand for Windows. The technology companys shares ended down
3%.
Elsewhere on the corporate earnings front, Boeing (BA) and Coca-Cola (KO) were out
with their latest results ahead of the bell Wednesday.
The aerospace giant handily beat Wall Street expectations with earnings per share of
$1.62 on sales of $24.5 billion topping forecasts for $1.37 cents a share on revenue of
$24.22 billion.
Coca-Cola also revealed a beat on both lines for the second quarter. Profits of 63 cents
topped views by three cents, while revenue of $12.16 billion beat forecasts for $12.06
billion.
Boeing and Coca-Cola shares also climbed higher in recent action.
After the closing bell, investors were set for a peek at results from Qualcomm (QCOM),
Texas Instruments (TXN), and American Express (AXP).
Baker Hughes (BHI) and Halliburton (HAL) shares came under pressure late in the
session Wednesday as concerns mounted over whether the merger between the two
oilfield services companies would be approved by regulators. Regulators are reportedly
concerned about antitrust issues, and that the industry would become too concentrated
after the merger, Bloomberg News reported citing people familiar with the situation.
Both of the companys shares tumbled during the session, but closed well off session
lows.
The economic calendar remained light on Wednesday with existing home sales data that
showed robust improvement in the housing market. Sales of existing single-family
homes rose to an 8-1/2 year high, up 3.2% in June to an annualized rate of 5.49 million
units, according to the National Association of Realtors. The reading was higher than the
increase to 5.40 million units for the month Wall Street expected.
IHS U.S. economists Stephanie Karol and Kristin Reynolds called it a solid report in a
note following the datas release.
The share of first-time buyers ticked down, but the level of first-time purchasing
advanced 17.4% year-on-year nothing to sneeze atwe expect headline existing
home sales to surpass 5.5 million by the end of the year, they noted.
In commodities, gold remained under pressure, extending its longest losing streak in
more than 15 years as investors worry about when the Fed will begin to raise short-term
interest rates and the impact of a stronger dollar. Investors are also leaving the safehaven after intense worries surrounding Greece and its debt have subsided as the
nations future in the eurozone looks to be in tact for now.
The precious metal continued to lose its luster, and settled at a new 52-week low. Gold
fell 0.98% to 1,092 a troy ounce in recent action, on track for a tenth-consecutive day of
declines.
U.S. crude oil prices, meanwhile, dropped 1.70% to $49.15 a barrel. Brent, the
international benchmark, also fell by 1.03% to $56.01 a barrel.
Larry Shover, chief investment officer at Solutions Funds Group, said volatility has
tended to gravitate toward currencies and commodities as of late.
The contrast and influence of a stronger U.S. economy and a Fed that is on the cusp of
hiking rates while many other central banks are biased to ease further has promoted the
ongoing themes of a strong dollar and weak commodities, he said.
He added that the sharp move lower is also due to the darker side of mediocre economic
growth, pointing to 2Q GDP expectations that have been revised lower in recent weeks
and a global growth pace stuck near 2%.
Low growth has been a boost to asset prices for the past five years as it lowered
volatility and kept money easy. The benefit is becoming exhausted. Instead, I am
becoming worried about low productivity growth and remaining pockets of leverage, he
said.
In currencies, the euro fell 0.27% against the U.S. dollar. The yield on the benchmark 10year U.S. Treasury note fell 0.019 of a percentage point to 2.324%. Bond yields move in
the opposite direction of prices.
Elsewhere in the world, Asia markets were mixed. Chinas Shanghai Composite index
added 0.21%. Hong Kongs Hang Seng lost 0.99%. Japans Nikkei slumped 1.19%.
The Euro Stoxx 50, which tracks large-cap companies in the eurozone fell 0.29%.
Meanwhile, the German Dax declined 0.70%, the French CAC 40 was 0.46% lower,
while the UKs FTSE 100 shed 1.49%.
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reserved. All market data delayed 20 minutes.
7/22/2015
CrudeOil,Gas,andMetalsPrices.html
BrentCrudeOil
$56.13
0.91
1.62%
2015.07.22endofday
WTICrudeOil
$49.19
1.67
3.40%
2015.07.22endofday
Commodities
Crude Oil
49.19
-3.40%
Natural Gas
2.90
+0.52%
Gasoline
1.87
-2.85%
Heating Oil
1.67
-0.40%
Gold
1091.40
-1.10%
Silver
14.71
-0.37%
Copper
2.43
2015.07.22 end-of-day
-1.89%
Add to your site
CrudeOilPricebyOILPRICE.NET
Price
Change
2015.07.22$49.19 1.673.40%
1YearForecast
$56/Barrel
file:///C:/Users/Srinivas/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/1
STOCKS
(Reuters)
Equity markets struggled for direction after a tech-fueled selloff on Wednesday led by
juggernauts Apple (AAPL) and Microsoft (MSFT), despite strong economic data and
mixed earnings results from several Dow components including 3M (MMM), Caterpillar
(CAT), and McDonalds (MCD).
Phil Orlando, chief equity strategist and senior portfolio manager at Federated Investors,
said its another good news is bad news day for Wall Street.
You have two trends moving in different directions: First is on the earnings front.
Caterpillar was somewhat disappointing with some underlying fundamental trends and
some currency issues. Thats on the negative side. But on the positive side of the leger,
macroeconomic stuff has just been phenomenal, he said.
In the second quarter, Caterpillar booked adjusted quarterly profits per share of $1.27,
which were in-line with Wall Street estimates. Revenue, meanwhile, came in at $12.32
billion, below expectations for $12.62 billion. The results sent shares nearly 3% lower in
pre-market action. Caterpillar said the decline in its sales figures was due primarily to
lower consumer demand in several regions and currency headwinds.
3Ms 2Q results matched expectations. The company reported an adjusted EPS of $2.02
on revenue of $7.69 billion. It also lowered the top end of its full-year outlook. It now
sees earnings in the range of $7.80 to $8.00 a share, compared to $7.80 to $8.10 a
share previously. It also warned currency headwinds will likely cut into sales by 6% to
7%.
The worlds biggest burger chain beat the Street in the second quarter, revealing
adjusted earnings per share of $1.26 on revenue of $6.49 billion. Wall Street was looking
for profits of $1.23 a share on sales of $6.45 billion. However, despite the headline beat,
McDonalds said its global same-store sales saw a 0.7% decrease during the reporting
period thanks to declining customer traffic in all major markets. As the company
continues its turnaround effort, CEO Steve Easterbook said in a statement that in the
third quarter, the company continues to focus on strategic improvements, focusing on
the basic fundamentals of running great restaurants.
Comcast (CMCSA), General Motors (GM), Eli Lilly (LLY), and Dunkin Brands (DNKN)
were also among the companies reporting quarterly report cards before the market
open.
Elsewhere in corporate news, Apple (APPL) in a move to help quell investor unease,
said it plans to reduce annual spending on manufacturing equipment, data centers, and
retail stores by $1 billion, or about 8%, without making changes to its planned product
lines.
Pearson said it will sell the FT Group, owner of the salmon-colored Financial Times
publication, to Asias largest independent business media group, Nikkei, for about $1.32
billion. Pearson said it will continue to spend more time and focus on its education
business after the sale closes.
Bank of America (BAC) said its chief financial officer will part ways with the company
amid a management shakeup. Bruce Thompson will be replaced by Paul Donofrio, CFO
of the banks consumer banking and wealth management units. Thompson has served
as CFO since 2010.
The economic calendar in the U.S. was light with weekly jobless claims that rose to a
level not seen since 1973. The Labor Department reported the number of Americans
filing for first-time unemployment benefits dropped significantly more than expected last
week to 255,000 from an unrevised 281,000 the week prior. Wall Street had expected
claims to fall to 281,000.
Orlando said despite the good weekly claims number combined with a solid reading on
leading indicators, which showed a 0.6% increase compared to the 0.3% expected tick
higher, better-than-expected data still sends jitters down investors spines.
What this does is solidifies the Feds case to liftoff in September, he said. Our forecast
is for the first hike in September and four quarter-point rate hikes at the four pressers
after that: So, September, December, March and June.
Meanwhile, commodities saw relief after experiencing steep declines in the previous
session due to heightened concerns over when the Fed will likely begin raising interest
rates, and as worries over Greeces future in the eurozone subsided.
U.S. crude oil futures settled down 1.32% to $48.54 a barrel, while Brent crude, the
international benchmark, traded 1.5% lower to $55.26 per barrel. Gold, which saw a
plunge on Wednesday, bounced between gains and losses, recently traded 0.27% lower
to $1,088 a troy ounce.
In currencies, the euro rose 0.67% against the U.S. dollar. The yield on the benchmark
10-year U.S. Treasury note rose 0.049 of a percentage point to 2.273%. Bond yields
move in the opposite direction of prices.
Commodities are generally trading on two things: The strong dollarand concern about
a Chinese hard landing, Orlando noted. China has been a voracious consumer of gold
and oil so the thinking there is if theres China weakness, maybe a recession, there will
be less incremental demand for gold and crude, so commodities should sell.
He added a third motivator is driving NYMEX crude to trade below the $50 a barrel mark:
The possibility of an Iran nuclear deal.
Iranians said they can get organic production up to half a million barrels per day within
six months and up to one million barrels per day between six to 12 monhts. Looking at
reduced demand in China at a time Iran will flood the market means crude prices may
continue to drift lower and recast double down bottom in the $43 a barrel neighborhood.
Elsewhere in the world, overnight Greeces parliament approved a second round of
austerity measures aimed at starting negotiations with the nations eurozone creditors for
an 86 billion euro bailout package.
The move didnt spur much activity in Europe, though, where markets ended the session
mostly flat. The Euro Stoxx 50, which tracks large-cap companies in the eurozone fell
0.06%. Meanwhile, the German Dax fell 0.13%, the French CAC 40 was 0.05% higher,
while the UKs FTSE 100 fell 0.20%.
Asia markets, meanwhile, also saw positive gains during the session. Chinas Shanghai
Composite index jumped 2.43%. Hong Kongs Hang Seng rose 0.46%. Japans Nikkei
added 0.44%.
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reserved. All market data delayed 20 minutes.
7/24/2015
CrudeOil,Gas,andMetalsPrices.html
BrentCrudeOil
$55.27
0.86
1.56%
2015.07.23endofday
WTICrudeOil
$48.45
0.74
1.53%
2015.07.23endofday
Commodities
Crude Oil
48.45
-1.53%
Natural Gas
2.82
-2.88%
Gasoline
1.85
-0.84%
Heating Oil
1.65
-1.03%
Gold
1094.00
+0.24%
Silver
14.68
-0.21%
Copper
2.39
2015.07.23 end-of-day
-1.93%
Add to your site
CrudeOilPricebyOILPRICE.NET
Price
Change
2015.07.23$48.45 0.741.53%
1YearForecast
$55/Barrel
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1/1
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DowSeesWorstWeekSinceJanuaryinBroadSelloff|FoxBusiness
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DowSeesWorstWeekSinceJanuaryinBroadSelloff
ByVictoriaCraig
10
51
PublishedJuly24,2015
FOXBusiness
(REUTERS)
WallStreetcappedanearningsheavyweeksolidlyinnegativeterritoryFridayasU.S.stockindexesnotchedsteepweekly
lossesafterglobaleconomicdataspookedinvestors.
DowJonesIndustrialAverageshed161points,or0.91%to17570.TheS&P500declined22points,or1.06%to2079,
whiletheNasdaqCompositelost57points,or1.12%to5088.
TodaysMarkets
U.S.equitymarketswerelowerforthefourthstraightsessionasthemajoraveragescloseddownmorethan2%,andthe
DownotchingitsworstweeksinceJanuary.
Economicallysensitivesectorstooktheheaviestlossesonthedaywithenergy,healthcare,andmaterialssharesleading
thedecline.Meanwhile,defensiveplayslikeutilitiesandtelecomclimbedastraderssoughtsafehavens.
Amazon(AMZN)helpedboosttheconsumerdiscretionarysectorasinvestorscontinuedtocheertheecommercegiants
surpriseprofitinthesecondquarterandabigbeatonthetopline.Thecompanyssharessurgedmorethan20%during
thesession,thebiggestgainforthestockinnearlysixyears.
ItwasdatainChinathatsetoffachainreactionofgloballossesFriday.AlastairMcCaig,IGmarketanalyst,saidinanote,
http://www.foxbusiness.com/markets/2015/07/24/usequityfutureshigherafteramazonprofits/
1/5
7/24/2015
DowSeesWorstWeekSinceJanuaryinBroadSelloff|FoxBusiness
ItwasdatainChinathatsetoffachainreactionofgloballossesFriday.AlastairMcCaig,IGmarketanalyst,saidinanote,
afifthconsecutivemonthofcontractionforChinesemanufacturingPMIdatahashelpedputrenewedpressureonglobal
commoditiesmarkets,aswellasequitymarketsacrosstheglobe.
AmorningofdisappointingPMIdata,stretchingfromChinatoEuropehasgivenmarketsasorrystarttothelasttrading
dayoftheweek,hewrote.WithGreecenolongercloudingeveryonesjudgment,itlooksliketheinvestmentcommunity
hasfinallyhadanopportunitytodigestjusthowuninspiringsomeoftheeconomicdatais.
OverintheU.S.newhomesalessteepenedaninitialdeclineinequitymarkets.TheCommerceDepartmentreported
salesofnew,singlefamilyhomesdropped6.8%inJunetoanannualizedrateof482,000units,farbelowtheexpected
increaseto546,000units.
But,IHSU.S.economistsPatrickNewportandStephanieKarolwroteinanotethatthoughitwasdisappointing,thereport
wasmorenoisethananything.
Salesfellinnearlyeveryregionofthecountry,andboththeaverageandmedianpricefellyearoveryear,seemingto
suggestthatdemandsoftenedinJune.However,thisnewsshouldbetakenwithagrainofsaltnoneofthesalesfigures
passthetestforstatisticalsignificance,theysaid.
ThecorporateearningscalendarwaslightonFridayafterthebusiestweeksofarforsecondquarterearningsseasonwith
twothirdsoftheDowhavingreleasedresults,and95%ofthosehavingbeatWallStreetexpectations.AbbVie(ABBV)and
AmericanAirlines(AAL)wereamongahandfulofcompaniestoreportaheadoftheopeningbell.
Withquarterlyreportsonthebackburnerfortheday,investorsturnedfocustoamegadealintheinsuranceindustry.
HealthinsurerAnthem(ANTM)putrumorstobedwhenitsaiditwillbuyrivalCignafor$54.2billion.Themergerwillcreate
thenationslargesthealthinsurerbymembership,andisthebiggestdealeverintheindustry.Bothcompaniesshares
tradedlower.
ThemovementonWallStreetperplexedsomeaspositiveearningsfrombignamefirmsandabigdealintheinsurance
spacefailedtogivemarketsaboost.
ChrisBeauchamp,seniormarketanalystatIG,saidinanotethemoveswerejustplainodd.
M&Aactivity,exemplifiedbytheFTandnowAnthem/Cigna,continuestobestrongwhileAmazonsfiguresshowthatthe
Americanconsumerhasplentyofdesiretoopenhiswallet,henoted.Andyet,investorshavenoenthusiasmtobuyinto
anearningsseasonthat,evenbyrecentstandards,hadthebarsetparticularlylowintermsofexpectations.
Elsewhereincorporatenews,AT&T(T)hasreportedlycleareditsfinalregulatoryhurdlewiththeFCCinitsproposed
$48.5billionacquisitionofDirecTV.TheJusticeDepartmentonTuesdaygavethemergeritsnodofapproval.
Pressureremainedonthecommoditiesmarket,adayafterU.S.crudeoilenteredbearmarketterritory.OnFriday,it
traded0.40%lowerto$48.05abarrel.Brent,theinternationalbenchmarkalsodeclined0.77%to$54.50abarrel.
Energystockstookahitduringthesession.TheS&P500energysectorshed2%,whileChevronwasamongthebiggest
laggardsontheDow,givingupabout2.5%.Meanwhile,otheroilfieldserviceheavyweightsincludingHalliburtonandBaker
Hugheswerealsoinnegativeterritory.
Goldcontinuedtocomeundersellingpressure,fallingtoa51/2yearlow,asworriescontinuetoswirlaboutwhenthe
FederalReservewillbegintohikeshortterminterestrates,andtheimpactofastrongerdollar.Thepreciousmetal
reversedcourse,rising0.26%to$1,096atroyounceinrecentaction,andwassetfortheworstweeksinceOctober.
Copper,meanwhile,continuedtotradenearsixyearlows.
http://www.foxbusiness.com/markets/2015/07/24/usequityfutureshigherafteramazonprofits/
2/5
7/24/2015
DowSeesWorstWeekSinceJanuaryinBroadSelloff|FoxBusiness
Incurrencies,theeurofell0.07%againsttheU.S.dollar.Theyieldonthebenchmark10yearU.S.Treasurynotefell0.012
ofapercentagepointto2.266%.Bondyieldsmoveintheoppositedirectionofprices.
Asiamarketsendedtheweeksolidlylower:ChinasShanghaiCompositeindexshed1.29%.HongKongsHangSenglost
1.06%.JapansNikkeislumped0.67%.
TheEuroStoxx50,whichtrackslargecapcompaniesintheeurozonefell0.96%.Meanwhile,theGermanDaxfell1.50%,
theFrenchCAC40was0.64%lower,whiletheUKsFTSE100shed1%.
FollowVictoriaCraigonTwitter@VictoriaCraig.
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http://www.foxbusiness.com/markets/2015/07/24/usequityfutureshigherafteramazonprofits/
3/5
7/25/2015
CrudeOil,Gas,andMetalsPrices.html
BrentCrudeOil
$54.62
0.65
1.19%
2015.07.24endofday
WTICrudeOil
$48.14
0.31
0.64%
2015.07.24endofday
Commodities
Crude Oil
48.14
-0.64%
Natural Gas
2.78
-1.44%
Gasoline
1.83
-1.31%
Heating Oil
1.63
-1.50%
Gold
1085.60
-0.77%
Silver
14.48
-1.42%
Copper
2.38
2015.07.24 end-of-day
CrudeOilPricebyOILPRICE.NET
Price
Change
2015.07.24$48.14 0.310.64%
1YearForecast
$55/Barrel
file:///C:/Users/Srinivas/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/1
7/27/2015
Search
Sensexcrashes551ptsonPNoteconcernsatover5weeklowTheHindu
GO
BUSINESS
Published:July27,201517:01IST|Updated:July27,201519:11IST
Mumbai,July27,2015
Sensexcrashes551ptsonPNoteconcernsatover5weeklow
PTI
MarketagaintookabeatingonMonday,withthebenchmarkBSESensexcrashingover551pointsto27,561.38,itsweakestclosinginover
fiveweeks,onconcernsthatstricternormsforparticipatorynotesmayhitforeigninvestmentsandamajorslumpinChinesestocks.
TheNSENiftyalsodippedbelowthe8,400level.
MarketslumpedamidfearsthatthegovernmentmayacceptSupremeCourtappointedSpecialInvestigationTeam(SIT)recommendations
ofstricternormsforparticipatorynotes(Pnotes)onmarkets,equitybrokerssaid.
However,FinanceMinisterArunJaitleysstatementduringthemarkethoursonMondaythatthegovernmentwillnottakeanykneejerk
reactionthatwilladverselyimpactcountrysinvestmentclimatefailedtoliftthemood.
Nosuchstepwouldbetakenwhichcouldadverselyimpactinvestmentsentimentinthecountry,hesaid.
AselloffinotherAsianmarketswithover8percentplungeinShanghaionworriesthattheChineseeconomyisheadingforasharp
slowdownaddedtotherout.
The30shareindexcommencedloweranddippedbelowthe28,000marktotouchalowof27,529.57beforeendingat27,561.38,fallof
550.93pointsor1.96percent.
MondaysclosingwasthelowestlevelsinceJune19,whentheindexhadclosedat27,316.17.Also,itisthesecondbiggestsingledayfallsince
660.61pointsplungeonJune2.
Thegaugehasnowlost943.55pointsinlastthreedays.
ThebroaderNSENiftyalsosuccumbedtoallroundsellingandslippedbelowthe8,400marktosettlethesession160.55pointsor1.88per
centdownat8,361.00.
Inbroadermarkets,midcapandsmallcapindicesclosedlowerby1.38percentand1.07percent,respectively.
TatasteelwasthetopSensexloser,tumbling5.17percent,followedbyHeroMotoCorp4.84percent.
Of30shareSensexpack,29fell,whileonlyBajajAutobuckedthetrendandrose0.41percent.
Sectorally,BSEmetalindexfellthemost,followedbycapitalgoods,metal,banking,power,realtyandauto.
AmongotherAsianmarkets,ShanghaiCompositedived8.48percent,JapansNikkeifell0.95percentandHongKongsHangSeng3.09per
cent.Europeanstocksslidinearlytrade.
Printableversion|Jul27,201511:13:52PM|http://www.thehindu.com/business/sensexcrashes551ptsonpnoteconcernsatover5
weeklow/article7470308.ece
TheHindu
http://www.thehindu.com/business/sensexcrashes551ptsonpnoteconcernsatover5weeklow/article7470308.ece?css=print
1/1
MARKET UPDATE
(Reuters)
Jitters over global worries returned to Wall Street on Monday after China shares plunged
8.5%, notching the biggest one-day drop since 2007. Equity markets there came under
pressure as the governments extraordinary measures to prop up the markets began to
lose steam, and as traders there parsed disappointing industrial production data.
Before the massive selloff, which began in June, Chinas main indexes had more than
doubled over the year, before plunging more than 30% in just a few weeks.
On Monday, Chinas Shanghai Composite index plunged 8.48% to 3725. Meanwhile,
Hong Kongs Hang Seng lost 3.9% to 24351, while Japans Nikkei shed 0.95% to 20350.
Peter Kenny, chief market strategist at ClearPool Group, said what Chinese equities
experienced overnight was partially a result of weak data, but more than that, it was a
realization that government controls have a limited shelf life with how long they impact
market trends.
That force has provided Chinese investors with a very startling and rude awakening.
Central authorities have tried any number of very dramatic, logical steps to halt the slide
in Chinese equities, none of which have had the impact intended. It was a
comprehensive blow to Chinese investor confidence, he explained.
Worries ricocheted across Europe, where the selloff continued. The Euro Stoxx 50, which
tracks large-cap companies in the eurozone, dropped 2.28% to 3518. Meanwhile, the
German Dax fell 2.56%, the French CAC 40 was 2.57% lower, while the UKs FTSE 100
shed 1.13% to 6505.
Kenny said the impact of the selloff overseas will hit trading in the U.S., and warned not
to expect the selling to let up any time soon.
This will go on for weeks. Weve seen heightened volatility over the past two months.
Were at the early stages of the birth of capitalistic forces in their markets. Do not expect
to see this sort of run up in prices theyve been accustomed to the last two or three
years. That train has left the station, he said. Its going to have an impact on global
equity markets, no question.
Meanwhile, pressure on the commodities market failed to let up on Monday. U.S. crude
prices continued to fall after entering bear-market territory last Thursday as worries
persist over a global supply glut.Prices fell 1.6% to $47.39 a barrel, the lowest mark
since March 20. Brent crude, the international benchmark, also declined 2.4% to $53.31
a barrel.
Its the commodities market, not China, that Michael Block, chief strategist at Rhino
Trading Partners, said is the biggest concern to U.S. investors.
We are watching crude make a run toward the March lowsAnd with the fall in
commodity prices, the viability of some big, big metals companies is being questioned,
he wrote. I do think well see more casualties in the energy and commodities complexes
given the overinvestment and the supply/demand dynamics in each area.
Kenny weighed in, saying the lower prices could take on more velocity in the coming
weeks, and continue to put more pressure on U.S. equities.
Look what happened with energy is the first quarter, it became a startling revolution that
energy is one of the largest sectors and with the drop from May to December, it had a
decidedly negative impact on the S&P and the broader market, he noted. Its a huge
component of the equity landscape.
Gold, which found itself under pressure last week, reversed course on Monday, trading
up 0.74% to $1,094 a troy ounce, but still holding near 5-1/2 year lows.
The yield on the benchmark 10-year U.S. Treasury note fell 0.043 of a percentage point
to 2.23%. Bond yields move in the opposite direction of prices.
In currencies, the euro traded up 1.01% against the U.S. dollar.
The economic data calendar in the U.S. was light on Monday with durable goods orders
posting a bigger gain than expected. The Commerce Department said orders for longlasting goods jumped 3.4% in June, a bigger gain than the 3% increase Wall Street
forecast. Excluding the volatile transportation component, orders rose 0.8%, also topping
views for a 0.5% rise.
Later in the week, the Federal Open Market Committee convenes for its two-day policysetting meeting on Tuesday with its policy statement on Wednesday afternoon. Wall
Street hopes this months meeting will give more clarity as to the central banks timing
for the first interest-rate hike from historic lows.
Block said the optimism, though, is waning for a September rate hike, which has long
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7/31/2015
CrudeOil,Gas,andMetalsPrices.html
BrentCrudeOil
$52.21
1.10
2.11%
2015.07.31endofday
WTICrudeOil
$47.12
1.40
2.97%
2015.07.31endofday
Commodities
Crude Oil
47.12
-2.97%
Natural Gas
2.72
-1.91%
Gasoline
1.84
+0.71%
Heating Oil
1.58
-0.90%
Gold
1094.90
+0.59%
Silver
14.75
+0.37%
Copper
2.37
2015.07.31 end-of-day
-0.59%
Add to your site
CrudeOilPricebyOILPRICE.NET
Price
Change
2015.07.31$47.12 1.402.97%
1YearForecast
$54/Barrel
file:///C:/Users/Srinivas/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/1
Broader Averages Fall as Oil Sees Worst Month Since '08 | Fox Business
MARKET UPDATE
(Reuters)
U.S. equity markets were mostly flat on Friday as the energy sector dragged on the
broader averages, though major indexes were on track to notch gains for the week and
the month.
The Dow Jones Industrial Average closed 55 points lower, or 0.31% to 17690. The S&P
500 futures added shed 4.7 points, or 0.22% to 2103, while the Nasdaq Composite
climbed half a point, or 0.01% to 5128.
Todays Markets
Broader Averages Fall as Oil Sees Worst Month Since '08 | Fox Business
It was a rough morning for two of the nations energy companies as second-quarter
earnings came in much weaker than expected.
Exxon (XOM) revealed adjusted earnings of $1 per share, widely missing expectations
for $1.11. Revenue of $74.1 billion topped views for $72.48 billion. The company noted
on an adjusted basis, earnings dropped 51% from the year-ago period, while capital
spending and exploration came in at $8.3 billion, a 16% decrease from the second
quarter of last year.
Exxon shares sank 4.5%.
A year of low oil prices slammed Chevron (CVX) in the second quarter. The oil producer
booked a 90% plunge in profit. Results came in at 30 cents a share on a diluted basis,
compared to $2.98 in the year-ago period. Wall Street was expecting earnings of $1.16 a
share.
Chevron shares dropped 5.2%.
All eyes have been on the U.S. economy this week as investors tried to gather more
clues about when the Federal Reserve is most likely to begin raising interest rates. After
a day to digest the first reading on second-quarter GDP, which came in slightly below
expectations, but still showed 2.3% growth for the quarter, traders got a look at other
parts of the economy Friday.
The Labor Departments employment cost index, a broad measure of labor costs,
showed the slowest-ever pace of increase with a 0.2% gain in the second quarter.
Economists on average had expected a 0.6% increase. Wages and salaries during the
quarter also rose 0.2%, a significant slowdown from the first quarters 0.7% growth.
IHS U.S. economist Ozlem Yaylaci wondered whether the unexpected and sharp decline
in wages and salaries could stop the Fed in its rate-hike tracks.
This report was a bit of a shock since it is not what is expected in a gradually tightening
labor market, he wrote in a note. The central question is whether this very sharp and
unexpected decline in wages and salaries will trigger alarm bells at the Fed
considering wage inflation is one of the main predictors of core inflation, this report is
likely to diminish the Feds confidence.
Meanwhile, a gauge of consumer sentiment from Thomson Reuters and the University of
Broader Averages Fall as Oil Sees Worst Month Since '08 | Fox Business
Michigan fell to 93.1 in July from a preliminary reading two weeks ago of 93.3. The
reading was lower than the increase to 94 economists had expected.
Factory activity in the Midwest region flipped back into expansion territory in July. A
gauge from the Institute for Supply Management-Chicago rose to 54.7 in July, the
highest level since January, from 49.4 the month prior. The reading beat Wall Street
expectations for a rise to 50.5. Readings above 50 indicate expansion, while those
below point to contraction.
Elsewhere in corporate news, fitness chain SoulCycle filed for an initial public offering,
but didnt disclose how much it plans to raise, or on what exchange it expects to list. The
company said in the filing it earned $25.3 million in 2014, up from $17.8 million the year
prior. Last years revenue of $112 million was up from $75.3 million in 2013, SoulCycle
said.
In commodities, after a tumultuous week, crude oil prices came under pressure again on
Friday as the dollar strengthened. U.S. crude settled down 2.89% to $47.12 a barrel, the
biggest monthly drop since October 2008. For the month of July, U.S. crude plunged
20.8%.
Brent, the international benchmark, fell 2.7% to $51.87 a barrel.
Gold prices turned higher, rising 0.5% to $1,094 a troy ounce. Though gold this week
snapped a five-week losing streak, for the month, it saw the biggest percentage decline
in two years. Gold has lost ground in five of the last six months.
In currencies, the euro traded 0.47% higher against the U.S. dollar. The yield on the
benchmark 10-year U.S. Treasury fell 0.063 of a percentage point to 2.21%. Bond yields
move in the opposite direction of prices.
Trading was relatively calm in overseas markets as traders looked ahead to the
weekend.
U.S. traders, much like their counterparts in London, will be forgiven for looking to start
the weekend early, especially as Monday will bring a plethora of manufacturing PMI data
to absorb, IG market analyst Alastair McCaig wrote in a note. Hopefully that should add
a touch of adrenaline to these lackluster markets.
European markets were mostly flat in the last trading day of the week. The Euro Stoxx
Broader Averages Fall as Oil Sees Worst Month Since '08 | Fox Business
50, which tracks large-cap companies in the eurozone, rose 0.39%. The German Dax
climbed 0.46%, the French CAC 40 rose 0.72%, while the UKs FTSE 100 was up
0.41%.
Meanwhile, Chinas Shanghai Composite index fell 1.13%, while Hong Kongs Hang
Seng rose 0.56%, and Japans Nikkei rose 0.30%.
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