Browse Category: Uncategorized

Wall Street ends flat after Yellen; tech shares bounce

Indian stock market

Yellen said the Fed needs to continue gradual rate hikes and it would be imprudent to leave rates on hold until inflation reached the Fed’s 2-percent target.

REGISTER NOW- GET FREE STOCK TIPS DAILY

The Dow Jones Industrial Average fell 10.05 points, or 0.05 percent, to 22,286.04, the S&P 500 gained 0.23 points, or 0.01 percent, to 2,496.89 and the Nasdaq Composite added 9.57 points, or 0.15 percent, to 6,380.16.

The S&P 500 ended flat on Tuesday and the Nasdaq posted modest gains as technology shares bounced from sharp losses in the prior session and comments from Fed Chair Janet Yellen boosted expectations of a December rate hike. Get Indian stock market tips for free and daily intraday call with good telephonic support call us on 9644405056.

Yellen said the Fed needs to continue gradual rate hikes and it would be imprudent to leave rates on hold until inflation reached the Fed’s 2-percent target.

Earlier in the session, Atlanta Fed Chief Raphael Bostic, a non-voting member this year, said he would want “clear evidence” that prices were firming before committing to another rate increase, but did not rule out another hike in 2017.

Chances of a rate hike in December rose to 78 percent from about 40 percent a month ago.

“Investors should be looking out for a December hike given we don‘t know what happens to the Fed chair position next year. (Yellen), probably wants to be able to, knowing anyone new in that role might not feel comfortable tightening the first month,” said Jack Ablin, chief investment officer at BMO Private Bank in Chicago.

Economic data showed US consumer confidence fell in September while home sales dropped to an eight-month low in August due to the impact of Hurricanes Harvey and Irma.

The Dow Jones Industrial Average fell 10.05 points, or 0.05 percent, to 22,286.04, the S&P 500 gained 0.23 points, or 0.01 percent, to 2,496.89 and the Nasdaq Composite added 9.57 points, or 0.15 percent, to 6,380.16.

Technology , up 0.4 percent, was the best performing major sector, recovering somewhat from losses in the prior session. Tech shares suffered their worst one-day drop in five weeks on Monday as concerns over tensions with North Korea prompted investors to book profits in what has been the best performing sector this year.

Apple rose 1.72 percent after four straight sessions of losses to help prop up the three major indexes, after Raymond James boosted its price target on the iPhone maker to $180 from $170.

“It is a little bit of a relief knowing perhaps investors still believe in buying the dips even after the Fed’s announcement of reduced balance sheet purchases,” said Ablin.

President Donald Trump warned North Korea any US military option would be “devastating” for Pyongyang, but said the use of force was not Washington’s first option to deal with the North’s ballistic and nuclear weapons programme.

Darden Restaurants slumped 6.53 percent after the Olive Garden parent said it expected the negative effects on sales and earnings from Hurricane Irma to be about double that from Hurricane Harvey.

Red Hat rose climbed 4.09 percent after the Linux distributor’s quarterly profit came in above estimates and the company raised its full-year forecast.

Advancing issues outnumbered declining ones on the NYSE by a 1.31-to-1 ratio; on Nasdaq, a 1.35-to-1 ratio favoured advancers.

About 5.81 billion shares changed hands in US exchanges, compared with the 5.96 billion daily average over the last 20 sessions.

Visit us more at www.ripplesadvisory.com

Wall Street declines on tech selloff, North Korea concern

freeequitytipsonmobile

Register NOW- Get FREE STOCK CASH TIPS AND SHARE MARKET TIPS 


The Dow Jones Industrial Average fell 53.84 points, or 0.24 percent, to 22,295.75, the S&P 500 lost 5.56 points, or 0.22 percent, to 2,496.66 and the Nasdaq Composite dropped 56.33 points, or 0.88 percent, to 6,370.59.


Wall Street dipped on Monday, as a selloff in technology shares weighed heavily on the Nasdaq, while the most recent statement from North Korea’s to Washington added to a cautious tone.

North Korea’s foreign minister said President Donald Trump had declared war on the country and it reserved the right to take countermeasures, including shooting down US bombers even if they are not in its airspace. Get free equity tips on mobile and Indian stock market best recommendations by Ripples Advisory Private Limited, Indore Call on 9644405056.

The White House disputed the declaration, calling the suggestion “absurd.”

The comments buoyed safe-haven assets, those that are favored by investors in times of crisis, with gold up 1 percent and the Japanese yen strengthened 0.26 percent versus the greenback at 111.71 per Dollar.

The North Korea narrative is not going away and the longer it remains part of the conversation, the more negative it becomes.

The CBOE Volatility index, a widely followed measure of market anxiety, hit a 2-week high of 11.21 and was last up 0.63 points at 10.22.

Tech names such as Facebook, off 4.5 percent, Microsoft, down 1.55 percent, and Apple, off 0.88 percent, were among the biggest drags on the benchmark S&P 500 index.

Apple shares flirted with correction territory following a report that the company had told suppliers to scale back shipments of parts for its upcoming iPhone X.

There has been some disappointment in the reception of Apple‘s latest iPhone release, and that is driving some concern and that is bleeding through to the supply-chain names.

The S&P technology index slid 1.42 percent, its worst daily performance in five weeks. The index remains the best performing of the 11 major S&P sectors this year, however, with a rise of nearly 23 percent.

The losses in tech were offset somewhat by a sharp climb in the energy sector, which gained 1.47 percent. The sector notched its sixteenth gain in the last 18 sessions.

Oil prices hit a more than two-year high after major producers said the global market was on its way towards rebalancing, while Turkey threatened to cut oil flows from Iraq’s Kurdistan region towards its ports.

The Dow Jones Industrial Average fell 53.84 points, or 0.24 percent, to 22,295.75, the S&P 500 lost 5.56 points, or 0.22 percent, to 2,496.66 and the Nasdaq Composite dropped 56.33 points, or 0.88 percent, to 6,370.59.

Genuine Parts shares jumped 5.96 percent as the best performer on the S&P 500 after the car parts distributor said it would enter the European market with a deal to buy peer Alliance Automotive Group for about $2 billion.

Allergan was up 3.40 percent after the drugmaker authorized a $2 billion buyback of its shares.

Advancing issues outnumbered declining ones on the NYSE by a 1.28-to-1 ratio; on Nasdaq, a 1.26-to-1 ratio favored decliners.

About 6.42 billion shares changed hands on US exchanges, above the 6.02 billion daily average over the last 20 sessions.

Visit us more on www.ripplesadvisory.com

Nifty holds 9,850 amid rangebound trade; Midcap outperforms

Indianstockmarket

 

BIG OFFERS FOR INDIAN STOCK MARKET TRADING | FREE TRIALS | INTRADAY TIPS- Register NOW!


In the past two months, the markets have moved largely sideways.

Call us on 9644405056 (FOR FREE EQUITY TIPS ON MOBILE)

Expected a correction and tocks have been as expensive as ever and there is no case of buying right now.

But, going forward, a correction will take place and there are multiple reasons at play. “Macros are deteriorating and oil price movements need to be watched. As a result, current account deficit could see strain, the Rupee will fall, among others. Plus, interest rates in the US could go up.

He stressed on the fact that many midcaps had ‘ridiculous valuations’ in pockets such as a few NBFCs, and FMCG, among others.

 

Visit us more www.ripplesadvisory.com

 

 

Arun Jaitley reviews state of economy

Free Stock Cash Tips

 

INDIAN STOCK MARKET TIPS | FREE STOCK CASH TIPS | INTRADAY CALLS

Finance Minister Arun Jaitley reviewed the state of the economy, including export scenario and infrastructure spending, as the government looks to perk up economic activity to boost growth. The review meeting, which lasted for over two hours, was also attended by Commerce Minister Suresh Prabhu, Railway Minister Piyush Goyal and Niti Aayog Vice Chairman Rajiv Kumar, said government sources. Besides, Additional Principal Secretary to the Prime Minister P K Misra, Commerce Secretary Rita Teaotia, secretaries in the Finance Ministry and Chief Economic Adviser Arvind Subramanian were part of the deliberation. You can also get free equity tips on mobile from here.

This meeting was a follow-up of yesterday’s meeting which Jaitley held. After finalizing a detailed roadmap for the economy, Jaitley and finance ministry officials would make a presentation to the prime minister on steps that could be taken to rejuvenate the economy.

 

Indian Rupee opens higher at 63.98 per Dollar

Indian Stock Market

 

SUBSCRIBE US NOW- STOCK TRADERS GRAB YOUR OFFERS NOW FREE STOCK TIPS AND MORE CLICK HERE >> http://www.ripplesadvisory.com/free-trial.php


The Indian Rupee opened higher by 6 paise at 63.98 per Dollar on Wednesday versus 64.04 Tuesday.

The easing of North Korea problem helped Dollar find support at 63.80 marks. As far as it trades above 63.80, the bias will remain positive towards the Dollar.

The trading range for the spot USD-INR pair will be 63.80-64.20.

The Dollar extended its sharp rally against the yen, although it was capped against the Euro with a potentially supportive spike in US yields neutralized by a similar move by their German counterparts.

The pound hovers within a distance of a one-year high after a robust UK inflation report added pressure on the Bank Of England to do more to support the currency.

Indian ADRs: Infosys, HDFC Bank down; Tata Motors, Dr Reddy’s Labs gain

Free Stock Cash Tips

 

Two days Free Trials and best services packages for dealing in Stock market click here to get >> http://www.ripplesadvisory.com/free-trial.php -One Missed call on @9644405056

Indian ADRs ended mixed on Friday. In the IT space, Infosys was down 0.78 percent at USD 15.18 and Wipro slipped 1.01 percent at USD 10.81.

In the banking space, ICICI Bank gained 0.1 percent at USD 9.80 and HDFC Bank shed 0.21 percent at USD 87.61.

In the other sectors, Tata Motors added 0.51 percent at USD 37.31 and Dr Reddy’s Laboratories was up 0.43 percent at USD 39.63.

Free Stock Tips

Delhi Govt to demand lowering of tax slabs under GST

Free Stock Tips

Free Intraday Tips and more One Missed Call on 9644405056 – Or you can click here >> http://www.ripplesadvisory.com/free-trial.php

The Delhi Government has said that it is planning to make a demand for lowering of tax slabs to protect the interests of the capital’s traders and industrialists.

The Deputy Chief Minister, Sisodia, a member of the GST Council said that after a series of meetings with the capital’s traders, he will forward a demand for lowering of tax slabs in the council’s meeting on June 3.

Commenting on the issue, Delhi’s Deputy Chief Minister, Sisodia told the media, “I have met over 32 traders associations today and it seems that increase in taxes through GST will have an adverse impact on the capital’s trade and growth.”

“GST could completely fail if the process of implementing the tax measure is not corrected. Tax slabs need to be reduced as that could affect our small-scale industries and trades,” he said.

“The Centre is pushing its ‘Make in India’ policy and transparency in taxes, but if the taxes are so high, all our industries will have to either shut down or the owners forced to evade taxes,” the deputy chief minister said.

Mcx Tips|Ncdex Tips

L&T`s construction arm bags orders Rs 5,146 cr- Get Mcx Tips

Commodity Tips|Mcx Tips

Get Free Stock Tips- Mcx Tips– Ncdex Tips and click here-

India based multinational L&T on Tuesday said that its construction arm has bagged orders worth Rs 5,146 crore across various business segments, led by the power transmission and distribution business.

According to the company, the power transmission and distribution (PT&D) business has bagged major orders worth Rs 2,780 crore in the domestic and international markets.

Reliance Communications hits fresh low on rating downgrade


Click here for more Free Stock Tips >> http://www.ripplesadvisory.com/free-trial.php

Shares of Reliance Communications extended selling spree on Wednesday, hitting fresh 52-week low, on the Bombay stock Exchange after the global rating agency Moody’s Investors Service downgraded company’s rating and senior secured bond rating, citing weak performance and fragile liquidity position.

Extending previous session losses, shares of the company declined as much as 9.47 per cent to hit all-time low of Rs 18.15 apiece on the Bombay Stock Exchange. The scrip was currently trading at Rs 18.35 against previous close price of Rs 20.05.

Sugar prices at futures counter closed lower on Wednesday

Sugar prices at futures counter closed lower on Wednesday on profit booking by the market participants expecting government interventions. The government has asked sugar mills to ensure adequate supplies to consumers. There are reports of 15% drop in sugar output till February 15’ 2017 compared to last year production.

Click Here www.ripplesadvisory.com   Miss Call This No.9644405056.