*Very Good Morning!!!*
*US Markets in Detail...*
*Today's Listing: Stove Craft Ltd. : Rs. 87/- buyer...IPO px: Rs. 385/-)*
*Today Listing of new securities of V-Mart Retail Limited..15,30,612 sh's alloted via QIP @ 2,450/-*
Sensex: 50,614: +359: +0.71%
Nifty: 14,896: +106: +0.71%
Dow: 31,056: +332: +1.08%
S&P: 3,872: +42: +1.09%
Nas: 13,778: +167: +1.23%
Brazil: 11261 (-464) (-0.39%)
Ftse: 6,504 (-4) (-0.06%)
Dax: 14,060: +127: +0.91%
Cac: 5,609: +45: +0.82%
WTI Oil: $56.37: +1.22%
Brnt: $58.93: +0.80%
Gold: $1,793 (-42) (-2.29%)
Silver: $26.38 (-1.91%)
Copper: $355 (-0.43%)
Eur-$: 1.1962
GBP-$: 1.3671
$-Jpy: 105.55
Re: 72.9637 (0.00%)
US10yr: 1.14%
GIND10YR: 6.074 (-0.16%)
$ Index: 91.5440: +0.41%
Vix: 21.77 (-4.98%)
BalticDry: 1,327 (-53) (-3.84%)
*ADR/GDR*
Cogni (-5.86%)
Infy (-0.48%)
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IciciBk: +0.64%
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DrRdy: +1.42%
TataMot (-1.37%)
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TatSt (-1.12%)
Axis: +2.00%
SBI: +6.00%
RIGD (-0.56%)
INDA: +0.48% (IShares MSCI INDIA ETF)
INDY: +0.47% (IShares MSCI INDIA 50 ETF)
EPI: +0.65% (Wisdom Tree India Earning)
PIN (-0.13%) (Invesco India Etf)
*Major U.S. stock-market benchmarks climbed Thursday, lifting the S&P 500 index and Nasdaq Composite to new records as better unemployment data (suggesting the labor market may be stabilizing), falling coronavirus cases and deaths, some upbeat corporate earnings and the prospect of more fiscal stimulus augured well for further economic recovery this year. The Dow and S&P 500 rose for a fourth straight day. A widely watched segment of the Treasury yield curve steepened to levels last seen in 2015.*
*Market participants were heartened by U.S. jobless benefit claims falling for a third straight week to the lowest number of claims since November, but the reading remains elevated compared to pre-pandemic levels.*
*U.S. initial jobless claims fell by 33,000 to 779,000 at end of January, compared with economists’ consensus estimates for 835,000 from 847,000 the week before, according to economists surveyed by Econoday. The report comes ahead of the official January employment report due on Friday from the Labor Department.*
Claims are running three to four times more than during the pre-pandemic period. We still have an enormous unemployment issue.
*Investors will be watching closely the U.S. government’s monthly employment report due out Friday. According to a Reuters poll of economists, payrolls likely increased by 50,000 jobs in January after declining by 140,000 in December.*
*Thursday also marked a busy day of earnings and economic reports with investors looking for signs that the economy is rebounding from the COVID-19 pandemic, despite an elevated case numbers and the emergence of new variants of the coronavirus amid the rollout of effective vaccines.*
In earnings, no fewer than 42 companies reported quarterly results on Thursday, representing the busiest day on the calendar for fourth-quarter results. Stronger-than-expected results so far in the fourth quarter have driven up analysts’ expectations, and S&P 500 companies are now on track to post earnings growth for the quarter instead of a decline as initially expected.
*EBay* jumped more than 5% after beating on both the top and bottom lines and issuing a rosier-than-expected forecast for the first quarter. *PayPal* gained more than 7% after strong quarterly results, while *Qualcomm* slipped over 8% after reporting revenues below consensus estimates for its fiscal first quarter.
*Apple* rose 2.6% after CNBC reported that it is close to finalizing a deal with Hyundai-Kia to produce driverless cars.
Headliners included Ford Motor (+1.52%) and Snapchat parent Snap Inc. (-1.6%), and also include results from the likes of Clorox Co. (-6.32%), Yum Brands (-1.66%), and Merck & Co. (-1.67%), which announced that Kenneth Frazier, its CEO would be stepping down after 10 years at the helm of the drug company.
By: via @AlliesFin Serve Stock Market
