Saturday, 22 July 2017


Dow Jones Industrial Average fell 31.71 points, or 0.15 percent, to 21,580.07, the S&P 500 lost 0.91 points, or 0.04 percent, to 2,472.54 and the Nasdaq Composite dropped 2.25 points, or 0.04 percent, to 6,387.75. The S&P and the Nasdaq rose for a third straight week.

US stocks ticked lower on Friday as weak earnings from industrial giant General Electric weighed, while tech shares retreated from record highs and energy tracked the price of oil lower. GE shares fell 2.9 percent to USD 25.91 and hit their lowest level since October 2015. The company reported a nearly 60 percent slump in profit and said its full year profit and cash flow will be at the low end of its forecasts.

Peers in the industrial sector, such as Caterpillar and 3M also fell. But Honeywell touched a record high and ended up 1.0 percent at USD 136.35 after it raised the low-end of its profit forecast. "We've had a good run for the last few weeks and investors are primarily digesting earnings today," said Erick Ormsby, chief executive of Alcosta Capital Management. "GE's results were okay but they guided lower and that's weighing on the market, too." The S&P 500 energy sector fell more than 1 percent as oil prices lost nearly 3 percent, after a consultancy report forecast a rise in OPEC production for July despite the cartel's pledge to curb output. The S&P 500 technology sector slipped after posting two consecutive record closing highs.

The Nasdaq Composite was on track to cap a 10-day streak of gains, its best since February 2015, after closing at a record high on Thursday. Tech continues to be the best performing S&P sector this year despite concerns over stretched valuations. Microsoft shares fell 0.6 to USD 73.79 despite a strong earnings beat after the bell Thursday, propped in large part by its fast-growing cloud computing business. Analysts expect S&P 500 earnings to have climbed 9.6 percent year-over-year, above the 8-percent rise projected at the start of the month, according to Thomson Reuters.

The Dow Jones Industrial Average fell 31.71 points, or 0.15 percent, to 21,580.07, the S&P 500 lost 0.91 points, or 0.04 percent, to 2,472.54 and the Nasdaq Composite dropped 2.25 points, or 0.04 percent, to 6,387.75. The S&P and the Nasdaq rose for a third straight week.

Capital One reported a profit beat, helped by growth in card loans and net interest income. Its shares rose 8.6 to USD 87.94, it's biggest daily percentage gain in eight years. Visa rose 1.5 percent to USD 99.60. The world's largest payments network operator raised its annual earnings forecast. "What's important is the directionality of earnings, and earnings are going up. We've transitioned from a interest rate-driven secular bull market to an earnings-driven secular bull market," said Jeffrey Saut, chief investment strategist at Raymond James Financial in St. Petersburg, Florida.

Declining issues outnumbered advancing ones on the NYSE by a 1.09-to-1 ratio; on Nasdaq, a 1.46-to-1 ratio favoured decliners. About 5.73 billion shares changed hands in US exchanges, below the 6.31 billion daily average over the last 20 sessions.

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Friday, 21 July 2017

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NIFTY SPOT UP 35@9910
SENSEX UP 117@32025
BANK NIFTY FUTURES UP7 @24245
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Thursday, 20 July 2017

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NIFTY SPOT UP5 @9902
SENSEX UP 32 @31985
BANK NIFTY FUTURES UP 15 @24225
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Wednesday, 19 July 2017

CS OPENING BELL:


NIFTY SPOT UP35 @9862
SENSEX UP 115@31825
BANK NIFTY FUTURES UP 45 @24105
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Tuesday, 18 July 2017

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NIFTY SPOT DOWN 52 @9867
SENSEX DOWN 227 @31847
BANK NIFTY FUTURES DOWN 52 @23975
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Monday, 17 July 2017

CS OPENING BELL:


NIFTY SPOT UP 22 @9909
SENSEX UP 75 @32087
BANK NIFTY FUTURES UP12 @23990
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Saturday, 15 July 2017


In the Q1FY18, the export grew by 10.57% to USD 72.21 billion and the import increased by 32.78% to USD 112.2 billion and the trade deficit stood at USD 40 billion.

Export from India soared by 4.39% to USD 23.56 billion in June as shipments of chemicals, engineering and marine products increased, reported a statement released by the Commerce Ministry on Friday.

On the other hand, import grew from USD 30.68 billion in June of the previous year to USD 36.52 billion in June 2017, showing an increase of 19% due to an increase in inward shipments of oil and gold.

An increase in imports shot up the trade deficit of the country from USD 8.11 billion in June 2016 to USD 12.96 billion in the June 2017, as per the released official data.

Import of gold grew to USD 2.45 billion in the month under review against USD 1.20 billion in the same month of the previous year.

While, the oil import rose by 12.04% to USD 8.12 billion in the June 2017, compared to same period last year.

In the Q1FY18, the export grew by 10.57% to USD 72.21 billion and the import increased by 32.78% to USD 112.2 billion and the trade deficit stood at USD 40 billion.

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