Wednesday, 23 May, 2018

Sensex, Nifty scale new peaks on sustained buying

Sensex Nifty touch new high Infosys Kotak Mahindra Bank in focus today Traders keep close track of stocks at the Bombay Stock Exchange headquarters
Russell Knight | 12 January, 2018, 22:33

The broader NSE index was up 0.27 percent at 10,679.55 as of 0630 GMT, after rising as much as 0.37 percent to a record 10,690.25.

What pushed the markets further were global cues as all three major United States indices finished solidly higher at records on Thursday.

The Nifty50 edged higher by 19 points or 0.18 percent to close at 10,651.20 points, while the Sensex at 34,503.49 points - up 70.42 points or 0.20 percent.

Stock markets saw a fresh surge on Friday morning as Sensex jumped a further 100 points, hitting a fresh all-time high of 34,638.42.

Notable losers were TCS 1.27 per cent, Bharti Airtel 0.82 per cent and Wipro 0.45 per cent. During the week, the Sensex gained 438.54 points, or 1.28%, while the Nifty rose 122.40 points, or 1.15%.

Canada Launches Trade Dispute Against US in WTO, Washington Strikes Back
NAFTA has been heavily criticized by Trump, who called it the "worst deal in U.S. history" and warned that he might scrap it. Further to the WTO complaint, Lighthizer said, "Canada is acting against its own workers' and businesses' interests".

Moyo abandoned his family at Mugabe's home: Charamba
Kasukuwere was the former local government minister and had held the position of political commissar in Zanu-PF. Moyo's comments were made during an interview on BBC's HardTalk with anchor Zeinab Badawi, on Thursday morning.

Xerox in major deal talks with Fujifilm; XRX +3.8%
The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $30.01B. TEUM has conspicuous measure of stock oscillations; average true range may be heating up this temperature with value of 0.40.

At 3:30 pm: The Indian equity indices gained lost ground after falling following the Supreme Court judges press conference. This came even as TCS posted disappointing December quarter earnings.

As per provisional data, domestic institutional investors had bought shares worth Rs 770.02 crore, while FIIs sold equities to the tune of Rs 623.63 crore yesterday.

The S&P BSE Mid-cap and small cap index was up by 1%. China's custom-cleared trade data showed brisk growth in exports and imports in 2017, underscoring a global economy that continues to hum along nicely.

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Brokerages Set Spirit Realty Capital, Inc (SRC) Target Price at $13.63 Raymond James Financial Services Advisors Inc. boosted its stake in shares of Spirit Realty Capital by 2.3% in the second quarter. Finally, JPMorgan Chase & Co. began coverage on shares of Spirit Realty Capital in a research note on Friday, December 16th.

Analyst Stock Ratings: Remark Holdings, Inc. (MARK), Agenus Inc. (AGEN) The healthcare product maker reported $0.65 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.65. After $0.66 actual EPS reported by Abbott Laboratories for the previous quarter, Wall Street now forecasts 10.61% EPS growth.

Wanting a new start, May reshuffles Cabinet Wanting a new start, May reshuffles Cabinet It's a development that bodes ill for her ability to successfully navigate the next, even trickier stage of Brexit talks. Last year's flurry of high-profile resignations triggered repeated calls for a reshuffle, which until now went unheeded.

United Kingdom in talks to join TPP to boost post-Brexit trade United Kingdom  in talks to join TPP to boost post-Brexit trade The UK's current trade with members of TPP is significantly smaller than its trade with the EU. Tim Farron, the former Liberal Democrat leader, said: "This smacks of desperation".

Transocean Ltd. (NYSE:RIG) has analysts on the Bullish side this week According to the Analysts, the Low Estimate Earnings of the current Quarter is $-2.79 whereas, High Estimate is $-1.2. The North Dakota-based Invest Centers Of America Inc has invested 0.01% in Transocean Ltd . (NYSE: RIG ).

U hoops' Lynch denies sex assault claims, will fight expulsion U hoops' Lynch denies sex assault claims, will fight expulsion Pacyga said one allegation was of forcible intercourse, and the other allegation was of "digital penetration". And when he asked her to hang out, she said, 'I wish it were that easy; I've got exams and things like that'.

USA envoy pitches for FTA with India USA  envoy pitches for FTA with India He stated that a number of United States companies have reported "increasing difficulties" in conducting business in China. Bilateral trade has increased from approximately $ 20 billion in 2001 to $ 115 billion in 2016.

EPS Forecast Revision Scan: Westlake Chemical Partners LP (WLKP) BidaskClub downgraded Westlake Chemical Partners from a sell rating to a strong sell rating in a report on Tuesday, November 7th. California Public Employees Retirement System raised its stake in Westlake Chemical Partners by 17.7% in the second quarter.

Why Investors willing to pay more for Activision Blizzard, Inc. (ATVI) Activision Blizzard, Inc. (ATVI ) exchanged hands at an unexpectedly low level of 4.12 million shares over the course of the day. According to their observations and findings, the stock could provide a high EPS of $1.05/share and a low EPS of $0.82/share.

Mom kills family at Texas resort Mom kills family at Texas resort Officers forced their way into the room and found a 39-year-old man and a 10-year-old boy dead, police said. While the two adults seemed to be dead, the two young boys were pronounced as unresponsive but alive.

Train Babcock Advisors LLC Reduces Stake in FedEx Co. (FDX) The shipping service provider reported $3.18 EPS for the quarter, topping the consensus estimate of $2.89 by $0.29. Finally, Loop Capital raised their price target on FedEx to $318.00 in a research report on Thursday, January 4th.

NHL: Ryan Suter, Devan Dubnyk help Wild beat Blackhawks 2-1 NHL: Ryan Suter, Devan Dubnyk help Wild beat Blackhawks 2-1 Starter Corey Crawford is still on injured reserve with an upper-body injury that will keep him out indefinitely. And Ferland, who has been a pleasant surprise for the Flames, has a goal and an assist in four straight games.

$0.58 Earnings Per Share Expected for Devon Energy Corporation (DVN) This Quarter Bell State Bank & Trust decreased its stake in Boeing Co (BA) by 33.32% based on its latest 2017Q3 regulatory filing with the SEC. Numeric Ltd Llc holds 888,800 shares. 3G Capital Partners Ltd Partnership invested 1.36% in Devon Energy Corporation (NYSE:DVN).

Atletico Madrid and Valencia cruise into Copa del Rey quarterfinals Atletico Madrid and Valencia cruise into Copa del Rey quarterfinals Yannick Carrasco and Kevin Gameiro also got on the scoresheet for Atletico, which was without most of its regular starters. Atletico Madrid enjoyed a comfortable 3-0 win over Lleida in the Copa del Rey on Tuesday.

India Welcomes More Foreign Investment in Retail and Airlines India Welcomes More Foreign Investment in Retail and Airlines Until now, FDI of up to 49 per cent was permitted in both sectors, but beyond 49 per cent, government approval was required. Whereas foreign airlines allowed to invest up to 49% under approval route in Air India.