January 31, 2013, Thursday

The Indian markets ended on negative note on the day of January series expiry today. Profit booking and negative global cues are the major reason for todays losses. ICICI Bank reported 30% YoY increase in its NPAT at Rs 2,250 crore for the quarter ended December 2012. As compared to Rs 1,728 crore in the Q3 FY11. The total income rose 18% to Rs 12,353 crore as compared to Rs 10,484 crore in December 2012.

Indian stock market daily morning report (January 31, 2013, Thursday)
January 31, 2013, Thursday

Key equity benchmarks continued to trade within a tight range, ending trade marginally in the green after Reliance Industries ended by 1.87% to close at Rs899.05 from a four-session losing streak, while ICICI Bank surged 1.11% to close at Rs 1214.25 ahead of its quarterly earnings results. While the market was somewhat under pressure on investors clearing their positions before the monthly expiry in the derivatives segment, a better global trend supported the market.

Indian stock market and companies daily report (January 31, 2013, Thursday)
January 31, 2013, Thursday

The Indian market is expected to open flat today, mirroring flat opening to SGX Nifty and weak opening to most of the Asian markets. The US stocks ended modestly lower on Wednesday following the announcement by the Federal Reserve on the monetary policy. The Fed announced that it widely expects to keep interest rates unchanged and maintain its asset purchase program as part an effort to stimulate the economy.

US stock market daily report (January 30, 2013, Wednesday)

January 30, 2013, Wednesday

Because of the massive U.S. national debt, defense spending will remain under pressure for months, if not years to come. While companies marketing aerospace and military wares have done fairly well over the past two years, the first major cuts could be coming within the next two months with government spending on defense on course to decelerate over the next decade. The three-year-old Standard & Poors Aerospace and Defense Select index has shed 2% of its value since hitting an all-time peak last week which indicates, investors are reviewing their defense holdings. Unless both parties act to change the terms of the so-called sequester before March 1, there are up to $50 billion in defense cuts slated to take place in 2013. To insure that Washington cuts some spending, even pro-military Republicans are willing to entertain a tighter defense budget.

US stock market, economy and companies update (January 30, 2013)

January 30, 2013, Wednesday

US equity indices are back to the flatline this morning after a volatile initial two hours of cash trading. The negative initial reading of Q4 GDP surprised many people, however the data is being heavily discounted due to the impact of government spending on the data. The greater focus has been on the January ADP jobs report, which seems to augur well for another moderately positive monthly employment report on Friday. The DJIA and S&P500 are flat on the session, while the Nasdaq is up 0.15%.

Indian stock market daily morning report (January 30, 2013, Wednesday)
January 30, 2013, Wednesday

Key benchmark indices extended intraday losses to hit fresh intraday low in late trade. The barometer index, BSE Sensex, fell below the psychological 20,000 level. The market breadth, indicating the overall health of the market was negative. Index heavyweight Reliance Industries (RIL) extended intraday losses

in late trade. Index heavyweight and cigarette maker ITC extended intraday gains in late trade. The barometer index, BSE Sensex, was down 112.45 points or 0.56%, off 212.76 points from the day's high and up 20.9 points from the day's low.

Indian stock market and companies daily report (January 30, 2013, Friday)
January 30, 2013, Wednesday

The Indian market is expected to open flat to positive, mirroring flat opening in the SGX Nifty and positive opening trades in most of the Asian bourses. Asian stocks are trading higher as South KoreaRs.s industrial output has climbed unexpectedly.

US stock market daily report (January 29, 2013, Tuesday)

January 29, 2013, Tuesday

The iconic Twinkies brand which includes Ho Hos, Ding Dongs, Suzy Qs, Snow Balls and Wonder Bread from Hostess Brands, in bankruptcy court since November when the Irving, Texas-based company announced it would shut down and sell off its assets, has potential buyers, lining up. Bid on the table sits at $400 million although others are possible. Firms Apollo Global Management (APO) - who also owns Pabst Brewing Co. and C. Dean Metropoulos & Co., are moving forward as potential winners of current negotiations to buy Twinkies out of the Hostess bankruptcy. The deal for Twinkies would include several factories as well. Other bidders include Con Agra and Mexican company El Grupo Bimbo which is headed by Mexican billionaire Daniel Servitje Montull, is the largest bread-baking company in the world.

US stock market, economy and companies update (January 29, 2013)

January 29, 2013, Tuesday

Trading has been choppy this morning, with multiple big earnings reports and contrasting data in play. The November S&P/CS house price index data was very good, but dated, while the January consumer confidence reading hit its lowest level since last fall. Traders are positioning themselves ahead of the Fed rate decision tomorrow. The Nasdaq is flat on the day, the DJIA is up 0.43% and the S&P500 is up 3.3%.

Indian stock market daily closing report (January 29, 2013)

January 29, 2013, Tuesday

The Indian markets ended in red on account of profit booking in todays trading session. The markets have already factored in the 25 basis point cut in repo rate so the RBI policy outcome failed to impress market today.

Indian stock market daily morning report (January 29, 2013, Tuesday)
January 29, 2013, Tuesday

Key benchmark indices registered small losses on the first trading day of the week. The barometer index, BSE Sensex closed flat, off 79.32 points from the day's high and up 30.34 points from the day's low. Index heavyweight and cigarette maker ITC rose marginally. Another index heavyweight Reliance Industries (RIL) extended intraday losses in late trade. The market breadth, indicating the overall health of the market, was positive.

Indian stock market and companies daily report (January 29, 2013, Tuesday)
January 29, 2013, Tuesday

The Indian market is expected to open flat today, mirroring flat opening in the SGX Nifty and marginally positive opening trades in most of the Asian bourses. Investors would keenly watch out for the outcome of the RBIRs.s monetary policy meet scheduled today.

US stock market daily report (January 28, 2013, Monday)

January 28, 2013, Monday

A key government oversight unit said Monday in a critical report that top executives and employees at three big companies that reaped some of the largest taxpayer bailouts as part of the Troubled Asset Relief Program implemented to stem the financial crisis of 2008 - American International Group Inc. (AIG), Ally Financial (formerly GMAC) and General Motors (GM) - were paid excessive compensation during 2012, even though U.S. Treasury officials who were monitoring their pay, had the authority to limit their packages. "These companies want to be paid as business as usual, Christy Romero, who runs the special inspector general office for the Troubled Asset Relief Program. In 2012 they seem to have met no resistance from Treasury. Its not business as usual because taxpayers had to shoulder their bailouts for many years. According to the report, 68 of 69 executives received pay of $1 million or more, with 16 individuals receiving pay packages of $5 million or more. The report also notes that 48 of 69 executives, received cash salaries of $500,000 or more and 94% received cash salaries of $450,000 or more. Romero said these payments were generally excessive and many conflicted with a principle set forth by Special Master Kenneth Feinberg, referred to as the pay czar who was in charge of the U.S.

US stock market, economy and companies update (January 28, 2013)

January 28, 2013, Monday

The S&P500 and the DJIA have been puttering along in the red this morning after both indices closed on Friday at their highest levels since late 2007. The DJIA is currently down 0.1% while the S&P500 is down 0.2%; the Nasdaq is up slightly as the bounce-back in shares of Apple lift the index.

Indian stock market daily closing report (January 28, 2013)

January 28, 2013, Monday

The Indian markets traded in lackluster trading session today as the investors remain cautious ahead of tomorrows RBI midterm policy review meet. According to the Macroeconomic Survey report released by the Reserve Bank of India (RBI) the wholesale price index (WPI) based inflation is expected to be at 7% by the end of FY13.

Indian stock market daily morning report (January 28, 2013, Monday)
January 28, 2013, Monday

The BSE Sensex bounced back by 179.75 points to close at 20,103.53 on heavy buying in interestsensitive stocks ahead of RBI credit policy on Tuesday and encouraging earnings by Maruti Suzuki. The BSE Sensex index gained 179.75 points, or 0.90%, to close at 20,103.53 points, while the Nifty 50 added 55.30 points, or 0.92%, to end at 6,074.65.

Indian stock market and companies daily report (January 28, 2013, Monday)
January 28, 2013, Monday

The Indian market is expected to open marginally in the green tracing positive opening trades in the SGX Nifty and most of the Asian indices. The US markets moved notably higher over the course of the trading day on Friday. The markets benefited from a positive reaction to the latest batch of earnings news, which overshadowed a disappointing housing report. Major European bourses ended the trading session on Friday in positive territory. The stronger than expected increase in German business sentiment and the news regarding bank repayment of LTROs were viewed positively.

US stock market daily report (January 25, 2013, Friday)

January 25, 2013, Friday

Mattress giant, Tempur-Pedic International Inc. (TPX) reported Q4 earnings fell 58% amidst weaker mattress sales which were down 5% globally, pillow sales were down 8% and lower profit margins attributed to lower earnings across the board. Shares of Tempur-Pedic were higher into late afternoon trading Friday, by 6%. Tempur-Pedic reported a profit of $23.5 million or 39 cents a share as revenue decreased 7% to $341.1 million while gross margin fell to 50% from 52.1%. Adjusted earnings were lower by 60 cents, excluding acquisition-related charges and other items. In a deal that will combine two leading rivals with well-known brands, Tempur-Pedic is in the process of acquiring Sealy Corp. (ZZ), which is expected to close in the first half 2013. On Thursday, Chief Executive Mark Sarvary said performance in the latest quarter for Tempur-Pedic's was in line with company projections.

US stock market, economy and companies update (January 25, 2013)

January 25, 2013, Friday

US equities ticked higher in the premarket after yesterday's choppy session, although some December housing data has sent equities lower mid morning. December new home sales missed expectations and the backlog of supply grew slightly, although analysts pointed out the back-month revisions meant that November new home sales grew at their fastest rate in two years. Currently the DJIA is up 0.25%, the S&P500 is up 0.22% and the Nasdaq is up 0.36%.

Indian stock market daily morning report (January 25, 2013, Friday)
January 25, 2013, Friday

Key benchmark indices settled at almost one week low in choppy trading session on profit booking after recent strong gains in share price. Many small-cap and mid-cap stocks witnessed sharp slide. BSE SmallCap and Mid-Cap indices shed more than 2% each. The barometer index, BSE Sensex, was down 102.83 points or 0.51% to close at 19923.78 up 39.58 points from the days low and off 148.50 points from the days high while Nifty50 dropped by 34.95 points or 0.58% to close at 6019.35.

Indian stock market and companies daily report (January 25, 2013, Friday)
January 25, 2013, Friday

The Indian market is expected to open with a positive bias mirroring positive start to SGX Nifty and most Asian indices. On the economic front, consumer prices in Japan declined for the seventh time in eight months, to 0.2% (ex. fresh food) in December 2012 as against inflation target of 2% by Bank of Japan (BoJ). This has raised hopes amongst investors of a stimulus package by the BoJ.

US stock market daily report (January 24, 2013, Thursday)

January 24, 2013, Thursday

Early afternoon on Thursday, Apple Inc. (AAPL: NASDAQ) were lower by 12% or 59 plus points after lackluster earnings report late Wednesday, set the slide for the stock, in motion. The sharp drop on Apple shares triggered a circuit breaker on the Nasdaq that limits short sales of a stock. For the period ended December 29, Apple reported net income of $13.1 billion or $13.81 per share, compared with net income of $13.1 billion, or $13.87 per share, for the same period the previous year. Revenues rose by 18% to $54.5 billion. Apple projected a revenue range of $41 billion to $43 for the March quarter and predicted a gross margin range of 37.5%-38.5%.

US stock market, economy and companies update (January 24, 2013)

January 24, 2013, Thursday

The DJIA and S&P500 are seeing solid gains this morning thanks to some solid earnings reports, while the Apple meltdown forced the Nasdaq lower earlier this morning. The S&P500 broke above 1500 for the first time since 2007 and is currently up 0.44% at 1501. The DJIA is up 0.67% and the Nasdaq is flat.

Weekly claims marked another low, dropping to their lowest level since 2008 while continuing claims are at their lowest point since July 2008.

Indian stock market daily morning report (January 24, 2013, Thursday)
January 24, 2013, Thursday

Key benchmark indices eked out small gains in a volatile session of trade as indices staged a comeback in late trade as European stocks edged higher ahead of a vote to increase the US debt ceiling. The barometer index, BSE Sensex, regained the psychological 20,000 mark, having alternately moved above and below that mark in intraday trade. The Sensex was up 45.04 points or 0.23% to close at 20,026.61 off 31.46 points from the days high and up 105.70 points from the days low.

Indian stock market and companies daily report (January 24, 2013, Thursday)
January 24, 2013, Thursday

The Indian market is expected to open flat mirroring similar opening in SGX Nifty and most other Asian market. The US markets saw modest strength during trading on Wednesday with traders reacting positively to the latest batch of earnings news. The gains on the day extended a recent upward move by the markets, although buying interest was somewhat subdued. The markets also benefited from positive sentiment generated by news that the House voted to approve a bill that would temporarily suspend the U.S. debt limit for nearly four months.

US stock market daily report (January 23, 2013, Wednesday)

January 23, 2013, Wednesday

Netflix Inc. (NFLX: NASDAQ) shares soared higher in aftermarket trading on Wednesday, up 26% after reporting Q4 profit of $8 million or 13 cents a share, on $945 million in revenue. Reports from the company indicate they added 2.05 million new U.S. video-streaming subscribers, to end 2012 with 27.15 million U.S. video-streaming subscribers.

US stock market, economy and companies update (January 23, 2013)

January 23, 2013, Wednesday

The DJIA and the Nasdaq are gaining ground this morning, up 0.37% and 0.38%, respectively. Tech names IBM and Google have seen impressive gains after solid earnings reports, propping up both indices. The S&P500 is being weighed down by some losing earnings, with the index flat on the session.

Indian stock market daily morning report (January 23, 2013, Wednesday)
January 23, 2013, Wednesday

Key benchmark indices snapped three-day winning streak as weak European stocks weighed on sentiment adversely. The barometer index, BSE Sensex settled below the psychological 20,000 mark after sliding below that level in late trade. The Sensex was down 120.25 points or 0.6% off 175.29 points from the days high and up 28.66 points from the days low. Index heavyweight and cigarette maker ITC fell on profit booking after recent gains triggered by strong Q3 results.

Indian stock market and companies daily report (January 23, 2013, Wednesday)
January 23, 2013, Wednesday

The Indian market is expected to open flat to positive mirroring similar opening in SGX Nifty. The US markets moved higher over the course of the trading day on Tuesday, on the back of a positive reaction to the latest earnings news, although buying interest was somewhat subdued. The major European markets ended the day in the red on Tuesday for a third consecutive session after the Bank of Japan disappointed investors hoping for a bolder policy by introducing a 2% inflation target and announced

additional easing steps; but investors appeared somewhat disappointed that additional asset buying will not start until 2014.

US stock market daily report (January 22, 2013, Tuesday)

January 22, 2013, Tuesday

Dont-fight-the-tape backdrop has begun with the Standard & Poors 500 Index (SPX) sustaining a break to multiyear highs, indicating bullish price action. Breakout point and support for the S&P would be the 2012 peak of 1,474 with the S&P rallying to five-year highs, over the past two weeks. At the end of trading on Tuesday, the S&P 500 index posting its longest winning streak in nearly six weeks. Dow Jones Industrial Average (DJI) major resistance remains at the 2012 peak of 13662, with steady near-term uptrend, climaxing at three month highs. A break through the 2012 peak would place the Dow at a five year high.

US stock market, economy and companies update (January 22, 2013)

January 22, 2013, Tuesday

The risk-off tone has carried over into the US session from Asia and Europe overnight. Few traders seem to be looking to push stocks higher with markets right around five-year highs and Apple's fraught earnings report due on Wednesday after the close. Analysts are saying that Japan PM Abe's new government got most of what it wanted from the BoJ, although the central bank delayed the additional asset purchases until next year and dissention was seen in the ranks.

Indian stock market daily closing report (January 22, 2013)

January 22, 2013, Tuesday

Indian markets ended down in red today on account of weak global cues. Less than expected third quarter result declared by HUL also weighed on the markets today. Investors sentiments become negative for HUL after the company's board approved a royalty of 3.15%.

Indian stock market daily morning report (January 22, 2013, Monday)
January 22, 2013, Tuesday

Key benchmark indices eked out small gains on first trading session of the week after global credit rating agency Moody's Investors Services on Saturday, 19 January 2013, retained its Baa3 sovereign rating on India, with a stable outlook.

Indian stock market and companies daily report (January 22, 2013, Tuesday)
January 22, 2013, Tuesday

The Indian market is expected to open flat to negative mirroring similar opening in SGX Nifty and most other Asian markets as investors await the outcome of the Bank of JapanRs.s policy meeting scheduled today.

US stock market, economy and companies update (January 21, 2013)

January 21, 2013, Monday

The EUR/USD remained within a tight 30 pip range ahead of the European Group meeting. Spanish 10year gov't yield at 5.12% vs. 5.08% earlier today following announcement of new 10-year syndicate bond. The NY morning saw the JPY currency retrace the bulk of its overnight strength with both USD/JPY and EUR/JPY only about 20 pips lower compared to their respective Far East open.

Indian stock market daily morning report (January 21, 2013, Monday)
January 21, 2013, Monday

The barometer index, BSE Sensex, settled above the psychological 20,000 mark for the first time in more than two years. The 50-unit S&P CNX Nifty also attained over two-year closing high. The BSE Sensex advanced 75.01 points or 0.38%, off close to 90 points from the days high and up about 50 points from the days low. The market breadth was negative. The BSE Small-Cap and Mid-Cap indices, both, edged lower.

Indian stock market and companies daily report (January 21, 2013, Monday)
January 21, 2013, Monday

The Indian market is expected to open in the green mirroring positive start to the SGX Nifty. The US markets ended FridayRs.s trading mostly higher after showing a lack of direction for much of the session. The markets benefited from the late-day buying partly due to a positive reaction to the latest news about the impending showdown over the U.S. debt limit. The House Republican leaders indicated they will hold a vote to authorize a three month temporary debt limit increase to give lawmakers time to pass a budget that reduces spending.

US stock market daily report (January 18, 2013, Friday)

January 18, 2013, Friday

General Electric Co. (GE: NYSE) shares hosted a gain of almost 3.5% into mid afternoon trading on Friday. GE reported a profit of $4.01 billion or 38 cents a share with an increase in adjusted earnings to 44 cents. Operating margin improved to 13.4% from 11.9%. GE Capital revenue increased 1.7% to $11.77 billion, and profit rose 8.9% to $1.81 billion. Infrastructure orders rose 2% to $28.5 billion. Industrial businesses revenue including energy infrastructure and aviation, climbed 3.9% to $2.07 billion with profit from the businesses up 12% to $4.89 billion.

US stock market, economy and companies update (January 18, 2013)

January 18, 2013, Friday

The DJIA and S&P500 opened flat this morning, the day after both indices hit five-year intraday highs and the Dow transports and the Russel 2000 closed at their all-time highs. Equities have slid into the red mid morning, with the Dow down 0.12%, S&P down 0.19% and the Nasdaq down 0.4%. The weak showing in the 10:00ET release of the preliminary January U of Michigan confidence survey is putting pressure on equities.

Indian stock market daily morning report (January 18, 2013, Friday)
January 18, 2013, Friday

Key benchmark indices edged higher in a volatile trading session on reports that the government has given authority to PSU OMCs to change diesel prices by a small margin from time to time. Comments by Finance Minister P. Chidambaram on Wednesday, 16 January 2013, that the immediate priority of the government is to keep the investment cycle going also boosted sentiments.