Economy Results Due To Faulty Legal System and Unjust State of Georgia Convictions On All 5 Counts of Banks' Cases of Innocent Srinivas Vadde

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Stocks lose $700B in

value this week
53 comments
By Ken Sweet, contributing writer July 29, 2011: 6:10 PM ET
Government debt crisis will hurt your credit

Student aid at stake in debt crisis
Debt ceiling deadlock: Who will get paid?
Reid says no deal, disputing Republicans - CNN
Hungry Girl Lisa Lillien serves up her recipe for success
Markets
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Change
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12,143.24
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1,292.28
-8.39
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2.80
-0.15
Treasuries
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Data as of
symbol
NEW YORK (CNNMoney) -- Washington's inaction regarding the debt ceiling

cost investors nearly three-quarters of a trillion dollars in this week -- at least
on paper.
This week's rout erased $700 billion worth of market capitalization, according
to financial data company Wilshire, which owns the Wilshire 5000 Index. That
index, which tracks every actively-traded stock in the United States, posted a
loss of 4.2% for the week. The Dow fell 4.2% for the week, while the S&P
declined 3.9%.
While paper losses and gains come
and go as stocks fluctuate, this was
the worst week for investors in more than a year.
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It's doubtful that most investors believe the U.S. will fail to raise the debt
ceiling and default on its obligations, but Congress and the White House
remain far away from reaching an agreement before the August 2 deadline.
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rorovrsworld, 3 seconds ago
What Recovery? i honestly feel its just been a down hill slide since
2007-2008
OnlyAmerican, 9 minutes ago

Anyone in the market for the short haul is stupid.
rorovrsworld, 1 minute ago in reply to OnlyAmerican

thats how brokers make money...
1350, 46 minutes ago

All of you middle class who thing the Republican way is right (rich
don't care) how would you have liked to have your retirement/health
care in the stock market right now. Yea.........STUPID.
rorovrsworld liked this
ilaavu, 52 minutes ago

The U.S.A is finished.
rorovrsworld liked this
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proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM 2011 is proprietary to Dow Jones & Company, Inc. Chic
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Economy grinds to halt

as consumers pull
back
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194 comments
By Annalyn Censky @CNNMoney July 29, 2011: 12:02 PM ET
Government debt crisis will hurt your credit

Student aid at stake in debt crisis
Debt ceiling deadlock: Who will get paid?
Reid says no deal, disputing Republicans - CNN
Hungry Girl Lisa Lillien serves up her recipe for success

Mortgages
After picking up in 2010, economic growth slowed in the first six months of 2011, the government
reported Friday.
5HFRPPHQG
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:KDW
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Equity Loan
Insurance
Credit Cards
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15 yr fixed
3.58%
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Enter ZIP code
NEW YORK (CNNMoney) -- Consumers all but shut their wallets in the second
quarter, causing the U.S. economy to grow at a tepid pace.
To make matters worse, growth in the first quarter was much slower than
initially thought, according to new government figures released Friday.
"It's quite worrisome as the economy
remains at stall speed in the second
quarter," said Sal Guatieri, senior economist with BMO Capital Markets. "If that
continues, then it would raise the risks of a double dip."
Gross domestic product, the broadest measure of the nation's economic
health, rose at an annual rate of 1.3% in the second quarter, the Commerce
Department said.
While that's an increase from the revised 0.4% growth rate in the first three
months of the year, it is hardly good news. The government originally
reported that the economy grew at a 1.9% annualized rate in the first
quarter.
The growth in the second quarter was also below the 1.8% increase expected
by economists surveyed by CNNMoney.
Dubbed a "soft patch" by economists and even Federal Reserve Chairman
Ben Bernanke, the economy's sluggishness was due to a variety of factors
that weighed on consumers and businesses.
Higher gas prices for one, hit Americans hard when they peaked at a national

Economic Calendar
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Inflation (CPI)
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average of $3.98 a gallon in May.
SEE ALL JOBS
Top 10 consumer complaints

Overall, consumer spending, which accounts for roughly 70% of gross
domestic product, picked up only 0.1% in the second quarter -- marking a
significant slowdown from growth of 2.1% in the first three months of the year.
"The major disappointment in the report was the weakness in consumer
spending, and it wasn't just fewer automobiles being sold due to Japan's
earthquake. There was broad-based softness in consumer spending." Guatieri
said.
Recession widens racial wealth gap

It marked the slowest growth in consumer spending since the fourth quarter of
2009.
Looking back further, it also now appears that American consumers had less
disposable income than originally thought from 2007 through 2010, whereas
corporate profits were revised significantly higher for 2009 and 2010.
The government revised the GDP data back to 2003 and also found the
recession was worse than originally thought.
Overall, the theme of the U.S. recovery continues to be one driven by
companies holding cash on the sidelines and building up their infrastructure,
rather than a recovery driven by consumers.
Americans on Main Street continue to be held back by slow job growth and
the housing slump, even as major companies report strong profits and have
mostly solid balance sheets.
Where the jobs are
According to the latest GDP report, investment in commercial real estate
surged 8.1% in the second quarter, and business spending on equipment and
software rose 5.7%.
Meanwhile, exports rose 6%. The U.S. continues to import far more goods
and services than it exports to foreign countries, but because imports grew
at a slower rate of 1.3%, that also contributed positively to GDP.
The aftermath of Japan's earthquake and tsunami may have been one of the
major reasons import growth slowed, as the U.S. bought fewer auto parts from
the country.
Friday's GDP report also sparked cries from economists for lawmakers to act
quickly in raising the debt ceiling and agree to a deal to cut the national deficit
over the long term.
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"We don't expect a recession, but if policymakers drag their feet -- which they
are doing -- it will be a little more likely," said Paul Dales, senior U.S.
Economist for Capital Economics.
Guatieri said: "If the government does not raise the debt ceiling and is forced
to cut back spending and Social Security checks, that could undermine
consumer spending even further."
-- CNN's Katy Byron contributed to this report
First Published: July 29, 2011: 8:44 AM ET
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KXS5020, Today 12:38 PM

Economy won't grow untit we bring jobs home and stop importing
workers from other countries. Unfortunately, Congressmembers
and government officials are sold out to the special interests, and
that's where the representation of the People cease and corruption
become the norm.
ADiff, Today 12:12 PM

Wow, it's a Green economy!
Paul Hilburger liked this
bestthumper, Today 11:25 AM

Looks like they are saying it all started in 2007, isn't that when the
democrats took over control of the congress? Intresting very
intersting.
1 person liked this.
Nathan Scandella, Today 05:55 AM

If you look at the bar chart at the top, it's pretty clear that modest
economic growth coincided EXACTLY with the 2009 fiscal
stimulus program (aka the Recovery Act). That was a $787B

program, which when spent over two years, equates to about 3% of
GDP.
Look at the chart again. The amount by which the GDP numbers
got better over that time period was just about exactly 3% of GDP.
In other... show more
bestthumper, Today 11:22 AM in reply to Nathan

Scandella
Remember that economic growth was aided by the

temporary hiring of over 10,000 census workers.
40
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proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM 2011 is proprietary to Dow Jones & Company, Inc. Chic
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MARKETS
Dow Sinks for 6th-Straight Day in Worst Week in

12 Months
MARKET SNA
DJIA
By Adam Samson
Published July 29, 2011 | FOXBusiness
12,143.24
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FOX Business: The Power to Prosper

A stalemate in Washington over lifting the debt ceiling, combined with gloomy economic data, sent the blue
chips tumbling more than 4% for the
week.
Mouse ove
Today's Markets
The Dow Jones Industrial Average slipped 69.9 points, or 0.79%, to 12,143, the S&P 500 fell 8.4 points, or
0.65%, to 1,292 and Nasdaq Composite dipped 9.9 points, or 0.36%, to 2,756. The FOX 50 dropped 7.7
points to 918.
RELATED TOP
Mergers and Acqu
Pharmaceuticals
Reuters
The markets fared better for the month

than on the week: the Dow and S&P 500
Revenue Growth
both lost 2.2%, while the Nasdaq inched lower by 0.6%.
Dow Jones
The House of Representatives is expected to vote on the debt bill proposed by Republican Speaker John
Boehner, which will raise the debt ceiling in two moves, on Friday night after the vote was postponed late
Thursday.
Inflation
The new plan includes a trigger that would require a balanced budget amendment to be passed the second
time the debt ceiling is raised, a move that would be highly unpopular among many Democrats. Indeed,
Harry Reid, the Senate Democratic Leader, has repeatedly said the bill will fail in the Senate, and the
Obama Administration has threatened to veto a similar plan.
LAST 5 STOC
A failure to raise the debt limit by the Aug. 2 deadline may force the U.S. to miss benefits payments for
million of Americans, fail to pay certain government contractors and potentially default on its debt. Ratings
companies have also warned that a downgrade of America's coveted 'AAA' credit rating will come if
lawmakers fail to craft a credible plan to reduce the deficit. As the negotiations tick on it is becoming less
and less likely that a major deal will be crafted, analysts have said, meaning a downgrade may be more
likely.
FOX50
FOX 50 INDEX
GS
THE GOLDMAN S.
While it is impossible to say exactly what the effects of a downgrade, or worse, default, would be, many
economists predict it will have a negative affect on the economy.
MSFT
There is not "any historical episode [that is] a close parallel to current US circumstances," analysts at
Goldman Sachs wrote in a research note to clients, adding "uncertainty about market effects is high."
GOOG
An initial reading on U.S. gross domestic product showed the economy expanded at an annualized pace of
1.3% in the second quarter, worse than the 1.8% economists expected. Additionally, first-quarter GDP was
revised significantly lower to 0.4% from the previous estimate of 1.9%. Indeed, the pace of the economic
recovery has been quite slow by historic standards.
XOM
"The current recovery is, nominally speaking, the worst of any recovery since the early 1920s," wrote Daniel
Greenhaus, chief global strategist at BTIG, in a research note. "That is truly both a historic and awful
accomplishment and yet it underscores the size and scope of the issues facing the United States."
Reuters/University of Michigan's final revision of July consumer sentiment fell to 63.7 from a preliminary
reading of 63.8 coming in just shy of economists' forecasts of 64. Consumer sentiment directly affects
several sectors, particularly retailers like Best Buy (BBY: 27.60, -0.34, -1.22%).
A report from the Institute for Supply Management on manufacturing activity in the mid-west came in below
expectations as well. The index fell to 58.8 from 61.1 the prior month, falling short of expectations of a
reading of 60.
In corporate news, Merck (MRK: 34.13, -0.80, -2.29%) and Chevron (CVX: 104.02, -1.01, -0.96%) are the
last of six Dow components to report second-quarter earnings this week.
Merck revealed profits excluding one-time items of 95 cents a share on revenue of $12.2 billion. The
pharmaceutical giant's bottom-line matched estimates, while sales beat calls of $11.8 billion.
Chevron earned $3.85 a share, well better than the $3.56 analysts estimated. The second-largset U.S. oil
company's revenue grew to $67 billion, missing estimates of $71.6 billion.
Energy markets were in the red.
Light,sweet crude fell $1.74, or 1.8%, to $95.70 a barrel. Wholesale RBOB gasoline slipped by less than a
penny to $3.11 a gallon.
Prices at the pump were stable overnight. A gallon of regular costs $3.71 on average nationwide, up from
$3.54 last month, and well higher than the $2.74 drivers paid last year.
Amid the volatility, traders once again flocked to gold, which has continually hit record highs. The precious
metal gained $15.00, or 0.93%, to $1,631 a troy ounce. Silver climbed 31 cents, or 0.78%, to $40.11 a troy
ounce.
In currencies, the euro gained 0.32% against the U.S. dollar, while the greenback fell 0.41% against a
basket of world currencies.
Corporate News
Yahoo (YHOO: 13.10, -0.40, -2.96%) reached an agreement with Alibaba Group and Softbank over
Alibaba's Alipay e-payment unit.
Vodafone (VOD: 28.10, +1.25, +4.66%) plans on paying out the $3.2 billion dividend it is expected to get
from Verizon Wireless to shareholders, sending shares soaring.
MICROSOFT COR.
GOOGLE INC.
EXXON MOBIL C...
Amgen (AMGN: 54.70, +1.27, +2.38%) posted adjusted second-quarter profits of 1.37 a share, zipping
past estimates of $1.28.
UBS (UBS: 16.48, +0.21, +1.29%) tapped Bank of America's (BAC: 9.71, -0.08, -0.82%) Mike Stewart to
be its co-head of global equities.
Foreign Markets
The English FTSE 100 fell 0.99% to 5,815, the French CAC 40 dipped 1.1% to 3,673 and the German DAX
dipped 0.44% to 7,159.
In Asia, the Japanese Nikkei 225 slipped 0.69% to 9,833 and the Chinese Hang Seng fell 0.58% to
22,440.
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U.S. debt confusion spooks world markets
AP
AP In this July 28, 2011 photo, traders work at the New York Stock Exchange. Global stock markets fell on Frida
vote on raising the government's debt limit and avoiding a potential default.
Concerns that American lawmakers wont agree a deal to raise the U.S. debt ceiling in the nex
reverberate around markets on Friday, with stocks down again.
If Congress doesnt raise the debt ceiling, the amount of debt the government can accumulate
could be forced to default on at least some of its obligations.
While investors have been jittery about that prospect for weeks, the inability this week of Rep
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Even if they do come up with a deal in time, ratings agencies could still downgrade U.S. debt
borrowing costs up and make it more difficult for Congress to reduce the amount of money t
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While the main focus of concern this week has been on the debt debate in the U.S., there are
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Moodys warned on Friday that the pressures on Spain have risen since the deal as it warned
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cent.
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Weekly review: Sensex dips by 525 pts
Agencies
Posted online: 2011-07-30 15:31:58+05:30
MumbaiThe BSE benchmark Sensex plunged by 525 points to a 5-week low of 18,197.20 in the week under review on
heavy selling pressure on fears of negative impact on corporate growth due to interest rate hike by the RBI amid
maintaining hawkish stance on further monetary actions.
Global turmoil due to US debt tensions and weaker-than-expected US economic data too affected the market mood.
Traders as well as investors kept themselves away from making major purchases due to postponement of a vote in the
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Interest rate sensitive stocks from realty, banking and auto segments bore the brunt of heavy selling.
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Metal stocks also were at the receiving end, following fall in metal prices at the London Metal Exchange (LME).
The BSE benchmark Sensex resumed slightly higher at 18,753.35 and hovered in a range of 18,944.60 and 18,131.86
before ending the week at 18,197.20, showing a loss of 525.10 points, or 2.80 per cent, from its last weekend's level.
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MARKETS
Sputtering Economy Sends Dow Plunging 266

Points
MARKET SNAPSHOT
Get Quote
By Adam Samson
Published August 02, 2011 | FOXBusiness
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Recom m end
944
101
17
DJIA
Nasdaq
11,866.62
2,726.47
-265.87
-2.19%

Traders shrugged off a last-minute deal
to avert an unprecedented default on
American debt after heightened
economic tension ignited an intense
round of selling that sent the Dow
plummeting for the eighth-straight day.
-63.28
-2.27%
Last
Change
896.99
-21.03
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1,254.05
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% Change
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Mouse over for Individual Member Performance
Today's Markets
Reuters
The Dow Jones Industrial Average

plummeted 266 points, or 2.2%, to
11,867, the S&P 500 slid 32.9 points, or
2.6%, to 1,254 and the Nasdaq Composite tumbled 75.4 points, or 2.8%, to 2,669. The FOX 50 dipped 21
points to 897.
RELATED VIDEO
Bullish Over Earnings

Where to invest
In a sign of the breadth of the selloff on Wall Street, 90% of the volume on the
New York Stock Exchange was in declining stocks. Adding to the negative
sentiment, the blue chips have ended in the red for the past eight sessions -shedding 858 points -- the longest losing streak since the financial crisis three
years ago.
A bout of disappointing economic data, including a steep downward revision to
first-quarter economic expansion and an unexpectedly sharp decline in U.S.
manufacturing, has led market participants to doubt the robustness of the
economic recovery in recent sessions.
"The U.S. economy is very close to stall speed," wrote Peter Fisher, head of
fixed income at asset-management giant BlackRock. "With the weakness of the
U.S. economy becoming increasingly apparent, consumption and investment
decisions are rising to the forefront."
Data released Tuesday showed personal spending fell for the first time in
nearly two years in June. The gauge of consumption dipped 0.2% , according
to the Commerce Department, shy of the 0.2% increase economists expected.
Meanwhile, personal income grew at a pace of 0.1% for the month, slower
than forecasts of 0.2%. On the whole, the report points to weakening
consumption, which directly factors into broader economic growth measures.
"The dismal employment market and increasing prices are pushing Americans
to save more and spend less," wrote Chris Christopher, senior principal
economist at IHS Global Insight.
The closely-watched monthly employment report for July is on tap for Friday,
and is expected to show the economy added 57,000 jobs, which would keep
the unemployment rate steady at 9.2%. The labor market has been extremely
slow to come back during the economic recovery.
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Working
LAST 5 STOCKS
FOX50
-21.03
FOX 50 INDEX
5:15 PM
GS
THE GOLDMAN S...
MSFT
MICROSOFT COR...
-2.92
896.99
131.23
4:01 PM Barclays Targets 3K in Job

Cuts as ...
-0.47
26.80
4:00 PM Twitter Reportedly Valued at

More T...
http://www.foxbusiness.com/markets/2011/08/02/sputtering-economy-sends-d... 02-Aug-2011
Page 2 of 4
RELATED VIDEO
Debt Woes in Focus

President Obama signed a bill to raise the debt ceiling after the bill sailed
through the Senate earlier on Tuesday. The measure was the subject of heated
debate on Capitol Hill and in the halls of the White House for months and
voting came hours before the deadline set by the Treasury Department.
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592.40
77.84
4:00 PM Business Groups Endorse

Deficit Dea...
While the passage of the bill will help the country avoid a catastrophic default,
the chance remains that credit ratings companies may choose to downgrade
America's coveted 'AAA' credit rating, which could strongly impact world credit
markets, analysts say.
Fitch said Tuesday the compromise-deal is in line with the 'AAA' credit rating,
and represents a step in the right direction. However, the ratings company
noted the country will have to confront difficult choices to balance tax and
spending while dealing with a weak economic backdrop.
The debt deal "does not put the U.S. on a sustainable fiscal path," economists
at Barclays Capital wrote in a note to clients, adding "weakness in U.S. growth
has the potential to offset most of the savings claimed by the debt reduction
package."
Every major sector fell sharply on the day, leaving few shelters in the equities
markets. Conglomerates like General Electric (GE: 17.21, -0.76, -4.23%) and
United Technologies (UTX: 78.93, -3.41, -4.14%) struggled the most on the
day.
Volume on the New York Stock Exchange was the highest in more than four months, which market
participants see as a sign of conviction in the selloff.
In a continued flight to safe assets, gold soared to yet another nominal record high. The precious metal
settled higher by $22.80, or 1.4%, to $1,645 a troy ounce.
The euro zone debt crisis also worried traders on Tuesday after BNP Paribas, Europe's biggest lender by
assets, took a roughly $757 billion writedown on its Greek sovereign debt. Greece, which has an
enormous public debt burden, is in need of a rescue package from euro zone authorities and has seen its
credit rating being sliced into junk territory and just slightly above default.
There were also concerns that the sovereign debt crisis would spillover into larger, more prominent
economies, like Spain and Italy, according to Peter Boockvar, managing director at Miller Tabak + Co.
Energy markets were in the red. The euro fell 0.48% against the U.S. dollar, while the greenback rose
0.16% against a basket of world currencies.
Light, sweet crude fell $1.10, or 1.2%, to $93.79 a barrel. Wholesale RBOB gasoline dipped 2 cents, or
0.55%, to $3.04 a gallon.
Prices at the pump were once again stable overnight, but remain highly-elevated as compared to last year.
A gallon of regular costs $3.70 on average nationwide, up from $3.57 last month, and the $2.74 drivers
paid last year, according to the AAA Fuel Gauge report.
Corporate News
Page 3 of 4
Pfizer (PFE: 18.14, -0.87, -4.58%) revealed second-quarter earnings, excluding one-time costs, of 60
cents a share, topping estimates by a penny. The pharmaceutical giant posted revenue of $17 billion, just
slightly higher than analysts forecast.
Sirius XM Radio (SIRI: 2.07, -0.04, -1.90%) raised its full-year new subscriber outlook to 1.6 million, from
a previous forecast of 1.4 million, sending shares jumping.
Barclays (BCS: 14.02, -0.33, -2.30%) unveiled a 38% drop in quarterly profits, prompting a fresh round of
layoffs.
Foreign Markets
The English FTSE 100 fell 0.7% to 5,733, the French CAC 40 dipped 1.5% to 3,533 and the German DAX
plunged 2.2% to 6,801.
In Asia, the Japanese Nikkei 225 tumbled 1.2% to 9,845 and the Chinese Hang Seng dropped 1.1% to
22,422.
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The Hindu : Business / Markets : Sensex dips below 18,000 mark ...
1 of 1
http://www.thehindu.com/business/markets/article2319196.ece
Business Markets
Sensex dips below 18,000 mark to over six-week low
PTI
The Hindu Brokers said trading sentiment turned bearish after Bharti Airtel posted poor results and the Prime Ministers Economic Advisory
Council lowered the countrys yearly growth forecast. File photo
The Bombay Stock Exchange benchmark Sensex on Wednesday slumped below 18,000 mark to its lowest in over six
weeks, shedding 169 points as funds sold banking, auto and heavy machinery stocks over worries over a slowing
domestic growth amid weak global trends.
The Bombay Stock Exchanges 30-scrip index, which had lost 204 points in the last run, touched the intraday low of
17,859.50 before closing 169.34 points down at 17,940.55, a level last seen on June 16.
Sensex leaders RIL and Infosys lost by 1.19 per cent and 0.76 per cent, respectively. Lenders led by ICICI Bank and
HDFC Bank fell on worries over sticky inflation and rising interest rates might dent the revenue on fall in loan demand.
Interest rate-sensitive auto and realty stocks also suffered losses on concerns over rising borrowing costs.
Brokers said trading sentiment turned bearish after telecom major Bharti Airtel posted poor results for the first quarter
of this fiscal and the Prime Ministers Economic Advisory Council lowered the countrys yearly growth forecast to 8.2
per cent from 9 per cent.
Sentiment at home was also influenced by a weak Asia and lower opening of European stocks on nagging sovereign
debt worries after it emerged that Italy had approached the European Union to settle a potential debt crisis at home
after yields on Italian bonds touched the highest in Euro-history.
U.S. data showing decline in consumer spending in June further dampened the sentiment.
Broad-based National Stock Exchange index Nifty dropped below 5,400 level before ending 51.75 points to lower to
5,404.80.
Keywords: BSE, Sensex, stock market
03-Aug-2011 8:15 AM
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DJIA 11,383.68 -512.76 -4.31% NASDAQ 2,556.39 -136.68 -5.08% S&P 1,200.07 -60.27 -4.78%
Dow plunges 513 points; 2011 gains

are wiped out
Stocks plunge as worries about global growth cause traders to
dump stocks and seek safety. Gold briefly tops $1,680 but falls
back. Treasury yields fall as the dollar rises.
52%
48%
THE INVESTED LIFE
investor pro
8/4/2011 4:19 PM ET | By Charley Blaine, MSN Money
511
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Shared 1156 times
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TICKERS IN THIS ARTICLE

Stocks plunged, with the Dow Jones Industrial Average ($INDU -4.31%)tumbling 513 points, their worst one-day
loss since December 2008 and ninth-worst point loss, as investors worried that the U.S. economy may be slipping back
into a recession. The overall market carnage wiped out all of the 2011 gains for the major averages.
The market rout was prompted in part by concerns that the Federal Reserve won't try to boost the economy again and
the prospects of little -- if any -- help on the way from the federal government. A huge concern was what Friday's big jobs
report will say. In addition, there were deep fears about the health of the European financial system; stocks on the
continent fell sharply. Stocks in Brazil were down nearly 6%.
With today's losses, the market is now in a correction, with the Dow, Standard & Poor's 500 Index ($INX 4.78%)and the Nasdaq Composite Index ($COMPX -5.08%)all down more than 11% from the closing highs for
2011, reached on April 29. Nearly all of the declines for the indexes have come since July 21; the Dow's loss in that
time is about 1,340 points.
Gold briefly surged above $1,680 an ounce for the first time and then sold off, and crude oil dropped below $88 a barrel
for the first time since mid-February.
The Dow closed down 513 points, or 4.3%, to 11,384. The S&P 500 was off 60 points, or 4.8%, to 1,200, its lowest level
since Nov. 30, 2010. The Nasdaq was off 137 points, or 5.1%, to 2,556, its lowest level since Dec. 1, 2010. The
Nasdaq 100 Index ($NDX -4.57%)was down 106 points, or 4.6%, to 2,207.
While gold fell back, investors bid hotly for Treasurys. The
10-year Treasury yield fell to 2.458% from Wednesday's
2.599%.
Dow drops 500 points
Gold settled down $7.30 to $1,659 an ounce after reaching

as high as $1,684.90. Silver was off $2.33 to $39.43 an
ounce, a decline of 5.6%. Crude oil was down $5.30, or
5.8%, to $86.63 a barrel, its lowest level since Feb. 18 as
the Egyptian revolution neared its climax. It had reached as
low as $86.04.
What started the blow-off?

The supposed trigger was a weak report on initial jobless
claims. They were down 1,000 to 400,000. A week ago's
estimate of 398,000 was revised to 401,000.
View more MSN videos
Go to Nightly News
The number raised the worries for Friday's nonfarm payrolls

and unemployment report. The report, which will come out
at 8:30 a.m. ET, is expected to show little change in the
unemployment rate, which was 9.2% in June, and maybe a
85,000 gain in nonfarm payrolls.
But there were other big issues, including a move by the
Bank of Japan to push the yen lower against major
KWWSPRQH\PVQFRPLQYHVWLQJGRZSOXPPHWVPDUNHWGLVSDWFKHVDVS[>$XJ30@
E*TRADE: 60 Days Trade Free

U.S. markets closed
currencies, especially the dollar.
In addition, European stocks plunged on worries that debt
problems for Greece, Portugal, Italy and Ireland were worsening. The European Central Bank unexpectedly began
large-scale intervention in the eurozone debt markets, the first time since March, buying bonds in an apparent attempt
to prevent the region's sovereign debt crisis from engulfing Italy.
The market tensions also set off a furious battle between investors wanting safety in Swiss francs and the Japanese yen
and the central banks of those countries, which don't want their economies priced way too high.
Worst sell-off in over 2 years

Today's sell-off was the worst for the major averages since Dec. 1, 2008. Very little was spared.
General Motors (GM -4.34%, news)was down to $25.99 after second-quarter results beat estimates. But the
company warned that the second half of 2011 may be lower than first-half profits. Ford Motor (F -6.78%, news)fell to
$10.86.
Mighty Apple (AAPL -3.87%, news)and Google (GOOG -3.93%, news)were off to $377.37 and $577.52, respectively.
All 30 Dow stocks were lower. The best performer was Kraft Foods (KFT -1.52%, news), which dipped to $33.78.
The company announced plans today to spin off its North American grocery business to shareholders, splitting the
existing company in two. The grocery business would consist of the company's U.S. beverages, cheese, convenient
meals and grocer segments and nonsnack items in its Canada and North American Food Service operations.
Only 3 S&P 500 stocks were higher: Motorola Mobility (MMI +3.64%, news), Vulcan Materials (VMC +1.64%,
news)and PG&E (PCG +0.42%, news).
None of the Nasdaq-100 stocks was higher. The top performers were Sears (SHLD -0.71%, news)and Costco
(COST -0.74%, news), down to $66.87 and $76.51, respectively.
Continued: Winners and losers

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511 Comments
NEWEST
OLDEST
BEST
WORST
ORS
ORS
OR
CONTROVERSIAL
More
batman2009
of 26
3 seconds ago
For anybody optimistic about how American business will do the right thing (or ever would have),
please read Grapes of Wrath. Then come tell me how great business is, and how it is a good idea to
give them every tax cut and financial break possible. Because they will do the right thing. It is
disgusting how stupid people choose to be, even when this has all happened before and has been
documented.
0
oscar97
34 seconds ago
obama said we need to tax people who have more money than they need "LIKE ME" well i don't hear
him say anything about paying some of those extra dollars that he doesn't need. president reagan
was the only president who voluntarily paid taxes while in office
0
tao of wow
45 seconds ago
I disagree that pushing for a older retirement means you work in till you die. The Quality and length of
life has gone up. I do however think that there is exceptions for every case.
0
batman2009
3 minutes ago
This is why you do not create business-friendly tax environments. Now our government is broke AND
to protect their profits, businesses still aren't hiring because the government is broke. The politicians
of America (on both sides) handed this country and its resources over to American business 30 years
ago. The fact that we only now see what we have become is irrelevant, Reagan ruined this country in
the 80s and everybody since him has done a good job of making it even worse. The only thing
Clinton did right was to raise taxes.
0
terrible terr
3 minutes ago
W.C. Fields said it best ! ""Never Give a Sucker an Even Break"

gives me goose bumps to know he was right !
Klaus Vonterinealis
4 minutes ago
Hyper inflation, here we come!!!

1
Letterofmarque
4 minutes ago
DOW drops over 500 points. Happy Birthday, Mr. President! We need more of your keen insight and
wisdom.
RENEE LOVE
5 minutes ago
Mred99-older retirement would mean working until you die, then social security would be irrelevant,
but you've paid into all your life. Yeah push up the retirement age and take away the social security
tax!!! That's the only way I would agree to work past 65, unless you can guide me to the fountain of
youth, one that actually works!!!!
0
cragig
5 minutes ago
"investors worried that the U.S. economy may be slipping back into a recession"
We were actually out of a recession? I guess I must have missed something.
Wu was a Tiger
6 minutes ago
Mr President your a Failure. No Hope, No Compromise. Liberals are like Herpes, until the outbreak
happens again you for get how bad it is
6
tao of wow
8 minutes ago
American people were doing just fine when the market was below 10,000.
2
sasha_dobie
8 minutes ago
Just an aside here; It seems to me that a career is becoming more than just your working life, it
seems that as a society we are heading back toward a time where it will be a you work until we toss
dirt on you life. That is unless you are a member in the elite class of society.
Also, I thought you might just like a little light classic reading, (Fahrenheit 451, (Ray Bradbury), Of
Mice and Men(John Steinbeck), 1984, (George Orwell)).
eddieboy111
9 minutes ago
If you think that our so called commander and chief is not responsible for this mess,YOUR NUTS.You
obviously know nothing about what is going on in this country.I am sure if something goes right for
this country you will want to give all the credit to him.But there is nothing thus far to give him credit for
that is positive for this country.He is the worst president ever and you just dont want to admit that you
fell for his B.S. and voted for him.
13
batman2009
10 minutes ago
Good. I hope the whole thing comes crashing down. Republicans want us to put our faith in private
businesses, and every hit the stock market takes is one step closer to Americans waking up and
investing in their future, aka, the government. Obviously, the government is dumb enough to get tied
up in Wall Street's mess, but if it all collapsed overnight and we were no longer amazed by big
corporations and big business, and we went back to smaller, more manageable businesses, I think
that would be a good thing. I don't even feel bad about this. The Republicans got what they wanted
in the debt bill, and already we see the effects of weakening our government.
6
work20
11 minutes ago
To all those idiots in this post who keep saying "The Govt. does not create jobs", the private sector
does,...
You retards deserve to lose your jobs if you have one right now,. 'coz the private sector NEVER
created jobs since 2000, and will NOT, till the US worker agrees to work for 5 cents / hour. And you
retards call this Capitalism ??
15
Tracy Mauro
13 minutes ago
Am I supposed to think we are going in the right direction as a country well I don't, Am i supposed to
think people and this country care about us any more well i don't, when all they do is take, take,
take, from me and my family, this country has done nothing but take from us as civilians and we have
no more to give and no other place to go. So tell me if you have a better idea. We have no medical
system, a very weak education system, a very, very weak economy system ( no jobs). Where do i go
and what do i do.
Klaus Vonterinealis
13 minutes ago
No equity in our homes now, $4.00 gas, high food and utilities, high healthcare, and now our 401k is
losing a ton of money.
Yes We Can! Not!
11
RENEE LOVE
14 minutes ago
Why is the media so hell bent on trying to fool the average american into believing that we are in a
recovery instead of recession headed towards depression??? The job market hasn't gotten better,
prices for food are getting more and more ridiculous while the dollar's purchasing power is not worth a
nickel(4 cents to be exact). It pisses me off that they assume that we are all stupid and unplugged
from reality!!!
12
southern home builder
14 minutes ago
JKR100
I looked up 'historical budgets' at whitehouse.gov just like you said........................And NOTHING
there was like you claimed. Sorry dude, you are wrong.
As to your imaginary surplus........................Look up "national debt by year' click on the government
(.gov) site and read the numbers for each and every year that clinton was president. You will see that
we went further in debt each year..............ergo, no balanced budget, much less any surplus. (if the
budget was balanced we would have spent the same as what we took in, not gone further in debt. If
tthere
e e had
ad ever
e e been
bee a surplus
su
surplus,
p us, the
t e debt would
ou d have
a e DECREASED!)
C
S
)
In a nutshell
nutshell,
uts e , the
t e
i
imaginary
i
surplus
l was just
j t like
lik the
th imaginary
i
i
balanced
b l
d budget
b d t Simply
Si l a lie
li told
t ld to
t us by
b clinton
li t
More
6
Klaus Vonterinealis
16 minutes ago
W2 You're an idiot.
4
of 26
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STOCK QUOTES
BUSINESS MARKETS
MUMBAI, August 4, 2011
LATEST IN THIS SECTION

Dow sheds more than 500 points
Sensex down by 247 points

Gold falls from record, sheds Rs 50
PTI
SHARE PRINT T+
Sensex plunges by 184 points
RELATED
TOPICS
economy, business
and finance
market and exchange
macro economics
inflation and
deflation
interest rate
Rupee down 14 paise against dollar
The BSE benchmark Sensex on Thursday declined by 247 points to extend the
losses for the third day in succession on sustained selling by funds on fears that
rising inflation would force the central bank to hike interest rates again.
After regaining the 18,000-point level at the outset, the Bombay Stock Exchange
30-share index, Sensex, closed down by 247.37 points to 17,693.18, its lowest
level in more than six week.
Japan stocks jump after currency intervention

Rupee down four paise against dollar on weak
stocks
Sensex dips below 18,000 mark to over six-week
low
Gold scales new peak at Rs 24,330
Asian stocks fall amid dim U.S. economy prospects
All sectoral indices, led by realty, auto and metal, ended in the red on acrossthe-board selling.
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prices
stocks
The broad-based National Stock Exchange index Nifty too lost 73 points to end
the day at 5,331.80.
Meanwhile, food inflation crossed the 8 per cent mark for the week ended July
23 triggering fear among investors that the Reserve Bank of India might tighten
the monetary policy further which could impact the economic growth.
Analysts said already earnings reported by eight out of 19 of Sensex companies
have lagged behind market estimates for the first quarter of this fiscal.
Trading sentiment was also dampened on weakening Asian trend and lower
opening in Europe.
MOST
POPULAR
Keywords: Bombay stocks, Sensex
MOST
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The Hindu : Business / Markets : Sensex plummets over 387 point...
Business Markets
Sensex plummets over 387 points to 14-month low on global worries
PTI
The Hindu Stockbrokers react as they monitor share prices during intra-day trade at a brokerage firm in Mumbai on Friday. Photo: Paul
Noronha
The BSE benchmark Sensex plunged by over 387 points to hit nearly 14-month lows on major sell-off by funds, driven
by melting global markets amid fears over the U.S. economy moving towards recession.
The Bombay Stock Exchange index, Sensex, plummeted by another 387.31 points, or 2.19 per cent to 17,305.87, the
level last seen on June 10 last year.
During the intra-day trade, the gauge had lost over 702 points to slip below 17,000 points to hit a low of 16,990.91
points, a level last seen on May 14, last year.
All the 13 sectoral indices recorded major losses with stocks of IT, metals, realty, financials, oil and gas and capital
goods leading the fall.
Broad-based National Stock Exchanges 50-share index Nifty nosedived by 120.55 points, or 2.26 per cent to 5,211.25.
It had dipped below the psychosocial 5,200 points level to trade at 5,116.45 points at the outset of session.
Sentiment on the domestic bourses turned distinctly weak largely in tandem with overnight slide on the US market on
worries over a possible recession and European debt worries, triggering widespread selling by major players including
foreign funds.
Market major Reliance Industries sank to a fresh 52-week low of Rs 778.55 before recovering partially to close at Rs
791.65, still down by 2.57 per cent.
Shares of State-run oil marketing companies Indian Oil, HPCL and BPCL recorded smart gains, despite huge losses
suffered by the overall market.
Analysts said that stocks posted gains amid reports that the government was moving in direction of de-control of diesel
prices.
A weakening trend in crude oil in global market which would reduce the subsidy burden, also supported the upside in
oil company stocks, they said.
Among sectoral indices, the IT sector index suffered the most, losing 3.93 per cent to 5,459.02 as Tata Consultancy
Services dropped 3.66 per cent to Rs 1,056.70, while Infosys Technologies tanked 4.35 per cent to Rs 2,590.55.
1 of 2
05-Aug-2011 8:50 AM
The Hindu : Business / Markets : Sensex plummets over 387 point...
The realty sector index closed 3.13 per cent down at Rs 1,888.97 followed by the metal index that tumbled by 2.44 per
cent to 13,061.95 points, while the Bankex shed 1.67 per cent to 11,833.22 points..
In the Asian region, Hong Kongs Hang Seng index sank 4.29 per cent while Japans Nikkei ended 3.72 per cent lower
today. All the European markets were also trading in the red the opening trade on Friday.
Keywords: BSE, sensex, closing trade, U.S. debt crisis, stocks crash
2 of 2
05-Aug-2011 8:50 AM
S&P downgrades US credit rating from AAA - Yahoo! Finance
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S&P issues unprecedented downgrade of US credit rating, saying debt package falls short
Martin Crutsinger, AP Economics Writer, On Friday August 5, 2011, 11:55 pm EDT
WASHINGTON (AP) -- The United States has lost its sterling credit rating from Standard & Poor's.
The credit rating agency on Friday lowered the nation's AAA rating for the first time since granting it in 1917. The move came less than a week
after a gridlocked Congress finally agreed to spending cuts that would reduce the debt by more than $2 trillion -- a tumultuous process that
contributed to convulsions in financial markets. The promised cuts were not enough to satisfy S&P.
The drop in the rating by one notch to AA-plus was telegraphed as a possibility back in April. The three main credit agencies, which also
include Moody's Investor Service and Fitch, had warned during the budget fight that if Congress did not cut spending far enough, the country
faced a downgrade. Moody's said it was keeping its AAA rating on the nation's debt, but that it might still lower it.
One of the biggest questions after the downgrade was what impact it would have on already nervous investors. While the downgrade was not a
surprise, some selling is expected when stock trading resumes Monday morning. The Dow Jones industrial average fell 699 points this week,
the biggest weekly point drop since October 2008.
"I think we will have a knee-jerk reaction on Monday," said Jack Ablin, chief investment officer at Harris Private Bank.
But any losses might be short-lived. The threat of a downgrade is likely already reflected in the plunge in stocks this week, said Harvey
Neiman, a portfolio manager of the Neiman Large Cap Value Fund.
"The market's already been shaken out," Neiman said. "It knew it was coming."
One fear in the market has been that a downgrade would scare buyers away from U.S. debt. If that were to happen, the interest rate paid on U.S.
bonds, notes and bills would have to rise to attract buyers. And that could lead to higher borrowing rates for consumers, since the rates on
mortgages and other loans are pegged to the yield on Treasury securities.
However, even without an AAA rating from S&P, U.S. debt is seen as one of the safest investments in the world. And investors clearly weren't
scared away this week. While stocks were plunging, investors were buying Treasurys and driving up their prices. The yield on the 10-year
Treasury note, which falls when the price rises, fell to a low of 2.39 percent on Thursday from 2.75 percent Monday.
A study by JPMorgan Chase found that there has been a slight rise in rates when countries lost an AAA rating. In 1998, S&P lowered ratings
for Belgium, Italy and Spain. A week later, their 10-year rates had barely moved.
The government fought the downgrade. Administration sources familiar with the discussions said the S&P analysis was fundamentally flawed.
They spoke on condition of anonymity because they weren't authorized to discuss the matter publicly. S&P had sent the administration a draft
document in the early afternoon Friday and the administration, after examining the numbers, challenged the analysis.
S&P said that in addition to the downgrade, it is issuing a negative outlook, meaning that there was a chance it will lower the rating further
within the next two years. It said such a downgrade, to AA, would occur if the agency sees smaller reductions in spending than Congress and
the administration have agreed to make, higher interest rates or new fiscal pressures during this period.
In its statement, S&P said that it had changed its view "of the difficulties of bridging the gulf between the political parties" over a credible
deficit reduction plan.
S&P said it was now "pessimistic about the capacity of Congress and the administration to be able to leverage their agreement this week into a
broader fiscal consolidation plan that stabilizes the government's debt dynamics anytime soon."
One analyst suggested the downgrade might move Congress to take concrete steps to fix the nation's budget problems.
06-Aug-2011 1:03 AM
S&P downgrades US credit rating from AAA - Yahoo! Finance
2 of 2
http://finance.yahoo.com/news/SampP-downgrades-US-credit-apf...
"It's a downgrade and it's bad, but if it spurs more conversation about bringing down spending and maybe more intelligent tax policy, it could
be a good thing in the long run," said Frank Barbera, a portfolio manager of the Sierra Core Retirement Fund.
The Federal Reserve and other U.S. regulators said in a joint statement that S&P's action should not have any impact on how banks and other
financial institutions assess the riskiness of Treasurys or other securities guaranteed by the U.S. government. The statement was issued to make
sure banks did not feel that the downgrade would affect the amount of capital that regulators require the banks to hold against possible losses.
Before leaving for a weekend at Camp David, President Barack Obama met with Treasury Secretary Timothy Geithner in the Oval Office late
Friday afternoon.
The downgrade is likely to have little to no impact on how the United States finances its borrowing, through the sale of Treasury bonds, bills
and notes. This week's buying proves that.
"Investors have voted and are saying the U.S. is going to pay them," said Mark Zandi, chief economist of Moody's Analytics. "U.S. Treasurys
are still the gold standard." He noted that neither his parent organization, Moody's, nor Fitch, the other of the three major rating agencies, have
downgraded U.S. debt.
The ratings agencies were sharply criticized after the financial crisis in 2008 for not warning investors about the risks of subprime mortgages.
Those mortgages were packaged as securities and sold to investors who lost billions of dollars when the loans went bad.
Japan had its ratings cut a decade ago to AA, and it didn't have much lasting impact. The credit ratings of both Canada and Australia have also
been downgraded over time, without much lasting damage.
"I don't think it's going to amount to a lot," said Peter Morici, a University of Maryland business economist.
Still, he said, "The United States deserves to have this happen," because of its clumsy handling of fiscal policy.
In reacting to the downgrade, Democrats and Republicans continued to blame each other and pledged to hold firm to their principles.
Republican presidential candidates criticized the White House. Rep. Michele Bachmann, R-Minn., called on Obama to fire Treasury Secretary
Timothy Geithner and submit a plan to balance the budget and not just reduce future deficits. Republican candidate Mitt Romney, former
governor of Massachusetts, said the credit downgrade was the "latest casualty" in Obama's failed economic leadership.
House Democratic Leader Nancy Pelosi said the American people will be closely watching the work of the 12-member joint committee that has
been created to produce more than $1 trillion in additional savings over the next decade.
"The work of this committee will affect all Americans, and its deliberations should be open to the press, to the public and webcast," she said.
Senate Democratic Leader Harry Reid said the downgrade underscored the need for a "balanced approach to deficit reduction that combines
spending cuts with revenue-raising measures" such as doing away with tax breaks for the wealthy and oil companies.
AP reporters Tom Raum, David Espo and Julie Pace in Washington and Business Writers Chip Cutter and Pallavi Gogoi in New York
contributed to this report.
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06-Aug-2011 1:03 AM
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ECONOMY
U.S. Loses AAA Credit Rating from S&P
MARKET SNAPSHOT
By Adam Samson
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For the first time in history, Standard & Poor's cut

America's top-notch credit rating one notch to AAplus from AAA on Friday night.
DJIA
Nasdaq
11,444.61
2,532.41
+60.93
The move comes less than a week after Congress

and the Obama Administration crafted a last-minute
deal to reduce burgeoning government spending
and increase the debt ceiling, narrowly averting a
catastrophic default on U.S. sovereign debt.
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864.92
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The ratings company, which had previously warned

that a downgrade was possible, cited both political and fiscal concerns in making its decision.
"The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the
Administration recently agreed to falls short of what ... would be necessary to stabilize the government's
medium-term debt dynamics," S&P said in a statement.
Indeed, a scoring by the Congressional Budget Office said the bill that President Barack Obama signed
into law on Aug. 2 would save roughly $2.1 trillion over the next decade -- far short of the $4 trillion "down
payment" S&P had previously called for.
The heated debate on Capitol Hill and in the halls of the White House stalled repeatedly during months of
negotiations, leading S&P to question the "effectiveness, stability, and predictability of American
policymaking."
The ratings company said its long-term outlook is negative, noting it may reduce the rating another notch
over the next two years if spending cuts fall short of expectations, interest rates increase, or if the public
debt climbs more quickly than forecast.
Moody's Investor Service affirmed the country's pristine rating, while Fitch is still performing a review that it
plans to complete by the end of the month.
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http://www.foxbusiness.com/markets/2011/08/05/us-loses-aaa-credit-rating-fro... 06-Aug-2011
China tells U.S. "good old days" of borrowing are over - Yahoo! Finance
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On Saturday August 6, 2011, 10:23 am
By Walter Brandimarte and Melanie Lee

NEW YORK/SHANGHAI (Reuters) - China bluntly criticized the United States on Saturday one day after the superpower's credit rating was
downgraded, saying the "good old days" of borrowing were over.
Standard & Poor's cut the U.S. long-term credit rating from top-tier AAA by a notch to AA-plus on Friday over concerns about the nation's
budget deficits and climbing debt burden.
China -- the United States' biggest creditor -- said Washington only had itself to blame for its plight and called for a new stable global reserve
currency.
"The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its
own making are finally gone," China's official Xinhua news agency said in a commentary.
After a week which saw $2.5 trillion wiped off global markets, the move deepened investors' concerns of an impending recession in the United
States and over the euro zone crisis.
Finance ministers and central bankers of the Group of Seven major industrialized nations will confer by telephone later on Saturday or on
Sunday, a senior European diplomatic source said.
The source said the credit rating downgrade had added a global dimension on top of the euro zone debt issue, raising the need for international
coordination.
06-Aug-2011 11:23 AM
2 of 4
"The G7 will confer by telephone. It's not yet confirmed whether it will be in one stage or in two stages, tonight and tomorrow," the source
said.
French Finance Minister Francois Baroin, who would chair such a meeting under France's G7 and G20 presidency, said it was too early to say
whether there would be an early G7 gathering.
In the Xinhua commentary, China scorned the United States for its "debt addiction" and "short sighted" political wrangling.
"China, the largest creditor of the world's sole superpower, has every right now to demand the United States address its structural debt problems
and ensure the safety of China's dollar assets," it said.
It urged the United States to cut military and social welfare expenditure. Further credit downgrades would very likely undermine the world
economic recovery and trigger new rounds of financial turmoil, it said.
"International supervision over the issue of U.S. dollars should be introduced and a new, stable and secured global reserve currency may also be
an option to avert a catastrophe caused by any single country," Xinhua said.
In Washington, President Barack Obama urged lawmakers on Saturday to set aside partisan politics after the debt battle, saying they must work
to put the United States' fiscal house in order and refocus on stimulating its stagnant economy.
S&P blamed the downgrade in part on the political gridlock in Washington, saying politics was preventing the United States from addressing its
deficit and debt problems.
Obama called on Congress to back measures to give tax relief to the middle class, extend jobless benefits and pass long-delayed international
trade pacts.
"Both parties are going to have to work together on a larger plan to get our nation's finances in order," he said.
"In the long term, the health of our economy depends on it...in the short term, our urgent mission has to be getting this economy growing faster
and creating jobs."
STAY COOL
06-Aug-2011 11:23 AM
3 of 4
In contrast to the Chinese criticism, France's Baroin said France had faith in the United States' ability to get out of this "difficult period."
Friday's U.S. unemployment numbers were better than expected and so things were heading in the right direction, he said.
"Therefore, one should not dramatise, one needs to remain cool-headed, one should look at the fundamentals," he told France's iTele.
While the impact of the rating cut on financial markets when they reopen on Monday may be modest because the decision was expected, the
shift may have a long-term impact for U.S. standing in the world, the dollar's status, and the global financial system.
"I think even if it was half-expected, the consequence will be far reaching," said Ciaran O'Hagan, fixed income strategist at Societe Generale in
Paris.
"It will weigh on secure assets. The bigger reaction will be on risky assets, including equities and on agencies (Freddie Mac, Fannie Mae) and
states backed directly by the federal government."
But he added: "U.S. Treasuries will remain a benchmark. This is a ship which takes a long time to turn around."
Norbert Barthle, a budget expert for German Chancellor Angela Merkel's conservatives said the downgrade would certainly provoke further
turbulence in markets.
"I'm not surprised about the U.S. rating downgrade, rather I am astonished that for weeks, international rating agencies have focused their
attention on the European debt situation but not the American one. For a while, there have been clear worries about America's economic woes
but also the fact the U.S. is heavily indebted."
NO EARLY ITALIAN ELECTION
In Europe, Italian Prime Minister Silvio Berlusconi on Saturday ruled out calling early elections to stem market panic that has pounded Italian
assets and forced his government to bring forward austerity measures.
Italy buckled on Friday to world pressure by pledging to bring forward cuts to balance the budget in 2013 in return for European Central Bank
help with funding.
European policy makers are concerned that a debt emergency in the euro zone's third largest economy could completely overwhelm bailout
06-Aug-2011 11:23 AM
4 of 4
mechanisms set up to help smaller troubled countries like Greece or Ireland.

Italy is due to go to the polls in 2013 but Berlusconi dismissed any suggestion of emulating Spain, where Prime Minister Jose Luis Rodriguez
Zapatero has called an early election to tackle the crisis.
"This has absolutely not been talked about," Berlusconi told reporters. "This has never been an option."
The European Union's top economic official praised Italy's decision to accelerate budget-balancing measures and structural economic reforms
and said swift implementation was now crucial.
"I strongly support this announcement and call on the authorities to quickly translate it into concrete measures," European Economic and
Monetary Affairs Commissioner Olli Rehn told Reuters in a telephone interview.
"This will help to boost potential growth, secure budgetary retrenchment and bolster market confidence," Rehn said.
The European Central Bank sources said the bank remains divided over whether to buy Italian government bonds but even some of those who
favor the move say Italy should do more to front-load austerity measures.
Two sources said they expected ECB President Jean-Claude Trichet to hold a teleconference of the bank's policy-setting Governing Council
over the weekend to discuss how to respond to turmoil in financial markets and Italy's latest measures.
China and Japan have called for coordinated action to avert a new worldwide financial crisis. India's finance minister Pranab Mukherjee told
reporters: "There is no need to unnecessarily press the panic button."
(Additional reporting by Reuters bureaux; Writing by Angus MacSwan)
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06-Aug-2011 11:23 AM
Dow plunges more than 600 points after downgrade - Yahoo! Finance http://finance.yahoo.com/news/Wall-St-takes-a-dive-on-first-apf-1...
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Stocks plunge after S&P downgrade; Dow down 634; Europe, economy fears send Treasurys, gold up
Stan Choe, AP Business Writer, On Monday August 8, 2011, 4:57 pm
NEW YORK (AP) -- Stocks plunged Monday as anxiety overtook investors on the first trading day since Standard & Poor's downgraded
American debt.
The Dow Jones industrials fell 634.76 points. It was the sixth worst point decline for the Dow in the last 112 years and the worst one-day drop
since December 2008. Every stock in the Standard & Poor's 500 index declined Monday.
Investors worried about the slowing U.S. economy, escalating debt problems threatening Europe and the prospect that fear in the markets
would reinforce itself, as it did during the financial crisis in the fall of 2008.
"`What's rocking the market is a growth scare," said Kathleen Gaffney, co-manager of the $20 billion Loomis Sayles bond fund. "The market is
under a lot of stress that really has little to do with the downgrade." Instead, Gaffney said, investors are focused on "how Europe and the U.S.
are going to work their way out of a high debt burden" if economic growth remains slow.
Investors desperately looked for safe places to put their money and settled on U.S. government debt -- even though it was the target of the
downgrade Friday, when S&P removed the United States from its list of the lowest-risk countries.
The price of Treasurys rose sharply, and yields, which move in the opposite direction from price, fell. The yield on the 10-year Treasury note
fell to 2.34 percent from 2.57 percent Friday. That matches its low for the year, reached last week.
"This is largely a flight to safety," said Thomas Simons, money market economist with Jefferies & Co. "The bond market is really trading off of
what's going on in the stock market." Money flowed out of stocks and into Treasurys.
Gold set a record. It rose $61.40 to settle at $1,713.20.
Crude oil, natural gas and other commodities fell sharply on worries that a weaker global economy will mean less demand. Oil fell 6.4 percent
to settle at $81.31 per barrel.
Fear is spreading quickly through the market, said Dimitre Genov, senior portfolio manager with Artio Global Investors. "It's becoming a
vicious cycle and could feed into consumers reducing their demand as well."
The Dow was down 5.5 percent a 10,809.85. The sharp drop extended Wall Street's almost uninterrupted decline since late July, when the Dow
was flirting with 13,000. It fell below 11,000 for the first time since November.
The S&P 500 fell 79.92, or 6.7 percent, to 1,119.49. The Nasdaq composite index fell 174.72, or 6.9 percent, to 2,357.69.
Stock markets in Asia began Monday's global rout. The main stock index fell almost 4 percent in South Korea and more than 2 percent in
Japan. European markets opened later and fell, too, with Germany down 5 percent and France 4.7 percent.
In the U.S., stocks fell even as Moody's, another major credit rating agency, stood by its top rating of Aaa for the United States. It said it could
downgrade the U.S. if it doesn't cut its deficit, "but it is early to conclude that such measures will not be forthcoming."
Financial markets also did not appear comforted by an afternoon statement by President Barack Obama, who said Washington needs more
"common sense and compromise" to tame its debt.
"Markets will rise and fall," he said. "But this is the United States of America. No matter what some agency may say, we've always been and
always will be a triple-A country."
S&P, in its downgrade, criticized dysfunction in the American political system. The downgrade wasn't a total surprise but came when investors
1 of 3
08-Aug-2011 5:42 PM
were already feeling nervous about the U.S. economy and European debt, among other problems.
Last week, the Dow Jones industrial average fell almost 700 points. That was its biggest weekly point loss since October 2008, during the
financial crisis. Counting Monday, the Dow has dropped in 10 of the last 12 trading days. It is down more than 1,900 points, or 15 percent,
since July 21.
The Russell 2000 index of small stocks has now lost nearly 25 percent from its most recent high on April 29. A decline of 10 percent or more
off recent highs is considered to be a correction. But a drop of 20 percent or more is said to be the start of a bear market.
The Nasdaq and S&P 500 are both down about 18 percent since the end of April. The Dow is down 16 percent.
The last bear market for the S&P 500 ran from October 2007 until March 2009. The index lost 57 percent of its value during the downturn.
S&P on Monday downgraded mortgage lenders Fannie Mae, Freddie Mac and other agencies linked to long-term U.S. debt. Fannie and Freddie
own or guarantee about half of all U.S. mortgages. Their downgrade could eventually mean higher mortgage rates.
Worries about weaker profits that could result from a slowing economy have slammed the financial industry since late July. As a group,
financial stocks in the S&P 500 index fell 10 percent on Monday to their lowest level since July 2009.
Bank of America plunged 20.3 percent, to $6.51, after AIG filed suit against the bank. The insurer alleged Bank of America sold it overvalued
mortgage-backed securities. The bank denied the allegations. Its stock is down 51 percent this year, from $13.34.
Stocks in other industries whose profits are closely tied to the strength of the economy also fell sharply. Energy stocks in the S&P 500 fell 8.3
percent, for example.
The smallest losses came in safer industries such as consumer staples whose profits tend to be steadier, regardless of the economy. Even in a
bad economy people will still buy things like toothpaste and bread.
The Vix index, a measure of fear among investors, shot up 47 percent to its highest level since May 2010. The index shows how worried
investors are that the S&P 500 will drop over the next 30 days. It does this by measuring prices for stock options that investors can buy to help
protect their portfolios.
Investors are also worried that Italy or Spain could become the next European countries to have trouble repaying its debts. Greece, Ireland and
Portugal have already received bailout loans because of Europe's 21-month-old debt crisis.
The fears have pushed investors to shun Spanish and Italian bonds, which led to higher yields on the bonds. That resulted in even higher
borrowing costs for the countries.
The European Central Bank stepped in Monday and bought bullions of euros worth of their bonds. The move helped to lower yields on Spanish
and Italian bonds, at least temporarily.
Seeking to avert panic spreading across financial markets, the finance ministers and central bankers of the Group of 20 industrial and
developing nations issued a joint statement Monday saying they were committed to taking all necessary measures to support financial stability
and growth.
"We will remain in close contact throughout the coming weeks and cooperate as appropriate, ready to take action to ensure financial stability
and liquidity in financial markets," they said.
Worries about the U.S. economic recovery have been building since the government said that economic growth was far weaker in the first half
of 2011 than economists expected.
The economy grew at a 1.3 percent annual rate from April through June, below economists' expectations. It expanded at just a 0.4 percent rate
in the first quarter. The first half of 2011 was the slowest since the end of the recession.
Then reports showed that the manufacturing and services industries barely grew in July. Job growth was better than economists expected last
month. But the 117,000 jobs created in July were still well below the 215,000 that employers added in February, March and April, on average.
The Federal Reserve will meet on Tuesday, but economists don't expect much to come out of the meeting. The central bank's key interest rate is
already at a record of nearly zero, where it has been since 2008.
2 of 3
08-Aug-2011 5:42 PM
The Fed has also already said that it plans to keep rates low for "an extended period." Chairman Ben Bernanke said last month that the Fed
could step in to help the economy if it further weakened.
Fears about a weaker U.S. economy have overshadowed the profit growth that companies have reported for the second quarter. For the 441
companies in the S&P 500 that have already reported, earnings rose 12 percent in the second quarter from a year earlier. Revenue growth has
also topped 10 percent for the first time in a year.
Verizon Communications Inc. fell 3.9 percent after it was unable to come to terms with 45,000 workers on health care costs, pensions and other
issues.
More than 69 stocks fell for every one that rose on the New York Stock Exchange. Consolidated trading volume was heavy at 9.7 billion
shares, nearly triple the volume in early July.
AP Business Writers Matthew Craft, David K. Randall and Daniel Wagner contributed to this report.
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Wall Street sinks as fear jumps after historic downgrade - Yahoo!...
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http://news.yahoo.com/stock-index-futures-tumble-p-downgrade-...
By Ryan Vlastelica | Reuters 1 hr 1 min ago
NEW YORK (Reuters) - U.S. stocks plunged on Monday, taking the S&P 500 down more than 6
percent on growing fears of a recession, exacerbated by the loss of the country's pristine triple-A
credit rating.
Panicked selling on heavy volume resulted in the S&P 500's worst day since December 2008, with
every stock in the benchmark index ending in negative territory.
"We're starting to see real disorderly selling, far more than what we've been seeing," said Matthew
Peron, head of active equities at the Chicago-based Northern Trust, which has about $650 billion
in assets under management.
Based on the surge in the VIX, he added, "We're starting to move into panic mode."
Perceptions that Washington is incapable of addressing the problems of rising debt and slowing
growth have contributed to the selling. This was underlined by selling that picked up during a
statement from President Barack Obama that offered few concrete ways to resolve the fiscal and
economic problems.
The anxiety about the U.S. economy was matched by rising worries about Europe's debt problems,
where the latest initiative to buy Italian and Spanish bonds is far from enough to solve the euro
zone's debt crisis.
The CBOE Volatility Index, Wall Street's "fear gauge," jumped 50 percent to end at 48. This
marked the first time the VIX has topped 40 since May 2010, when the "flash crash" occurred.
08-Aug-2011 5:45 PM
2 of 3
The S&P 500 is down 17.9 percent from its 2011 closing high, reached on April 29 -- putting it
close to the 20 percent decline from a recent peak that Wall Street defines as bear market territory.
Monday's slide marked the first time since November that the Dow has fallen below 11,000. "It is a
panic, and almost by definition, it doesn't have an issue. It wouldn't matter what it was," said
James Paulsen, chief investment strategist at Wells Capital Management in Minneapolis, which
has over $340 billion in assets under management.
The Dow Jones industrial average lost 634.76 points, or 5.55 percent, to end at 10,809.85. The
Standard & Poor's 500 Index sank 79.92 points, or 6.66 percent, at 1,119.46. The Nasdaq
Composite Index plunged 174.72 points, or 6.90 percent, to close at 2,357.69.
Volume was extremely heavy, with 17.5 billion shares traded on the New York Stock Exchange, the
American Stock Exchange and Nasdaq, sharply above last year's daily average of 8.47 billion.
While all 10 S&P sectors lost more than 3.5 percent, the groups most sensitive to the economy,
such as banking and commodities, were the hardest hit. The S&P financial index lost 10 percent
while the S&P energy index lost 8.3 percent. U.S. crude oil futures slumped 7.3 percent.
Bank of America Corp plummeted 20.3 percent to $6.51. The Dow component was the most
actively traded name on the New York Stock Exchange and the S&P 500's biggest loser.
Click graphic for an explanation of what happened in the markets today.

(REUTERS/Graphic)
Monday's global stock market sell-off wiped out more than $1.35 trillion in investor wealth
worldwide, according to the 5.2 percent drop in the MSCI World Index . The index entered the
week with a value of $26.42 trillion.
The S&P 500 alone lost $729.3 billion in value with its drop for the day of 6.66 percent.
Late on Friday after the market's close, S&P cut the United States' perfect long-term credit rating
of AAA by one notch to AA-plus on concerns about debt levels in the world's largest economy. The
08-Aug-2011 5:45 PM
3 of 3
downgrade could eventually raise borrowing costs for the U.S. government and companies, as well
as for consumers.
On Monday, President Obama blamed the downgrade on political gridlock in Washington and said
he would offer some recommendations on how to reduce federal deficits.
"Investors wanted more specifics from Obama, but I don't know if that's reasonable right now,"
Peron said. "When we see a credible policy response, that's when we could see a bottom."
Traders also cited expected redemptions and margin calls for the sharp early afternoon declines.
"We saw a lot of short selling coming in, especially into ETFs at around 2:15" p.m. said Glenn
Starkman, global head of Sales Trading at Dahlman Rose in New York.
About 66 stocks fell for every one that rose on the New York Stock Exchange, while on the Nasdaq,
22 stocks fell for every one that rose.
Even the European Central Bank's dramatic intervention in bond markets, which pushed down
yields on Spanish and Italian bonds, was not enough to stem selling.
GETTING CLOSE TO A BOTTOM?
But some analysts noted the mass selling has made some stocks attractive at much lower prices.
"Based on historical sell-offs, it wouldn't be surprising to see a rebound in the more oversold areas,
given how far down we've come and how fast," said Brad Sorensen, director of market and sector
analysis at Charles Schwab in Denver.
Barclays Capital, in a note to clients, wrote that the decline created a "time to buy," and that the
recent losses "left equity valuations at levels of cheapness not seen since the early 1980s.
"I've been in this business almost 30 years. When it gets to the point where you want to throw up,
it's probably time to buy, and we're there," said Angel Mata, managing director of listed equity
trading at Stifel Nicolaus Capital Markets in Baltimore.
(Reporting by Ryan Vlastelica; Additional reporting by Chuck Mikolajczak; Editing by Jan
Paschal)
(c) Copyright Thomson Reuters 2011. Check for restrictions at: http://about.reuters.com/fulllegal.asp
Copyright 2011 Yahoo! Inc. All rights reserved. | Yahoo! News Network | /
08-Aug-2011 5:45 PM
AIG sues Bank of America for $10.5 billion - The Economic Times
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8 AUG, 2011, 11.21PM IST, AFP
AIG sues Bank of America for $10.5 billion

Story
Read more on US | mortgage debt | Fraud | Bank of America Corp | AIG
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NEW YORK: US insurer AIG sued Bank of America for

$10.5 billion on Monday, accusing it of "massive fraud"
over its peddling of dodgy mortgage-based securities
that sparked the 2008 financial crisis.
Bank of America grossly misrepresented the quality of
more than $28 billion of residential mortgage-backed
securities (RMBS) it sold AIG between 2005 and 2007,
AIG alleged in its lawsuit, filed in a New York court.
more
People in News
AIG said that it was seeking to recover $10.5 billion in

losses, which were ultimately borne by US taxpayers
after the insurance giant was bailed out during the
2008 crash.
As the market for mortgage-backed securities
collapsed, AIG was rescued with $180 billion from the
US government, which remains its largest shareholder.
EDITORS PICK
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bonds: NY Times
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challenged
"Bank of America's fraud caused billions of dollars in

damage to AIG and we are bringing this suit today to
protect AIG and the taxpayers' stake in it," said Mark
Herr, a spokesman for AIG.
Bank of America's stock plunged after the lawsuit was
announced. Its shares were down 14.6 percent by
midday on Monday, much more than other banking
stocks amid a global market sell-off.
Lawrence Grayson, a spokesman for the bank, rejected
AIG's allegations, saying the insurer could only blame
itself for bad investment choices.
"AIG recklessly chased high yields and profits
throughout the mortgage and structured finance
markets," he said.
Meet Deven Sharma - The Jharkhand

boy who downgraded US
Sharma took over as the president of S&P in
August 2007, just when the sub-prime crisis in
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In This Section
Entire Website
1 S&P downgrade US credit rating: America in wo...
Many of the faulty mortgages which caused AIG's losses were originated by Countrywide Financial, a leading
subprime mortgage lender which was acquired by Bank of America in early 2008.
2 Recession 2011: No double-dip recession; US t...
In its nearly 200-page lawsuit against Bank of America, AIG detailed how Countrywide approved mortgages to
high-risk borrowers, allegedly falsifying documents and concealing risks as it resold the loans.
4 America has big problems, but no reason to ta...
3 Recession 2011: What happened to Barack

Obama...
5 Recession 2011: No US double-dip recession, E...
"Driven by a single-minded desire to increase their share of the lucrative RMBS market and the considerable
fees generated by it, defendants created and marketed RMBS backed by hundreds of thousands of defective
mortgages," AIG said in its lawsuit.
Slide Shows
"The offering materials used to sell the RMBS fraudulently misrepresented and concealed the actual credit
quality of the mortgages by providing false quantitative data about the loans."
How to tell when a recession is

at America's door
1/6
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In June, Bank of America announced an $8.5 billion settlement with a group of more than 20 major investors
Experts wiev on thresholds to be met

for sounding a recession alarm in the
08-Aug-2011 5:54 PM
2 of 3
over losses on mortgage-backed securities, in an attempt to close the door on its disastrous acquisition of
Countrywide.
US
On Monday, though, AIG said that Bank of America's settlement did not affect its plans for the $10.5 billion
lawsuit, since that settlement did not cover claims for fraud and securities violations.
AIG also warned that its lawsuit against Bank of America will not likely be its last lawsuit "against counterparties
that have sought to profit at our expense."
1/3
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more
"As AIG has said in the past, we are looking carefully at what counterparties and others have done to AIG, and
we intend to take legal action against those who have harmed us," it said.
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The Hindu : Business / Markets : Sensex down 132 points amid c...
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Business Markets
Sensex down 132 points amid choppy trade on U.S. debt worries
PTI
PTI Brokers at Bombay Stock Exchange in Mumbai. File photo
The BSE benchmark Sensex today fell for the sixth day and closed 132.27 points down to below the 17,000 mark in
volatile trade as investors sold blue-chips, especially IT stocks, amid a rout in global equities.
A sharp jump in Chinese inflation to more than three years high further spooked the equities market.
The Bombay Stock Exchange key index fluctuated over 703 points intraday before closing at 16,857.91, a level last
witnessed in June last year.
The 30-share index, which had lost 1,322 points in last five sessions, had regained 17,000 points level at midway on
covering of short positions, but global equities sell-off on fears that political leaders were failing to tackle the U.S. and
Europe debt crises pulled down the market.
Software services exporters led by industry bellwether Infosys and largest Indian IT company TCS fell the most,
contributing the most to the Sensex fall. Infosys dropped by Rs. 90.90 to Rs. 2,377.10 and Tata Consultancy by Rs. 42
to Rs. 967.25 a piece.
Industry leader RIL also fell by nearly two per cent.
Broad-based National Stock Exchange index Nifty ended 45.65 points lower at 5,072.85 after touching the days high of
5,167.
Market sentiment remained bearish as Asian stock markets tumbled nearly six per cent and European stocks opened
lower as.
Investors were jittery as the U.S. markets tumbled by 6 per cent last night, the lowest since October 2008.
Keywords: Sensex, markets, BSE
09-Aug-2011 8:44 AM
Banks drag Wall Street lower on Europe debt - Yahoo! Finance
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On Wednesday August 10, 2011, 5:21 pm
By Rodrigo Campos
NEW YORK (Reuters) - Fear returned to Wall Street on Wednesday, sending the S&P 500 to another 4 percent decline, triggered by worries
that Europe's debt crisis could engulf French banks and spill onto the U.S. financial sector.
Trading was once again marked by sharp moves on heavy volume. For a fifth straight day, the Dow industrials fluctuated in a range of more
than 400 points.
"What you're seeing is a very short-term, direction-oriented market," said Eric Kuby, chief investment officer of North Star Investment
Management Corp in Chicago.
Worries about the strength of French lenders, including Societe Generale, triggered a selloff in European and U.S. banks. Rumors about
SocGen's financial health, which the bank denied, sent its shares tumbling 14.7 percent.
An index of European banks dropped 6.7 percent and the KBW index of U.S. bank stocks slid 4.9 percent as fear grew of a possible contagion
of any French crisis. Bank of America Corp lost 10.9 percent to $6.77 and Goldman Sachs slid more than 10 percent to $110.34.
The Dow Jones industrial average slid 520.29 points, or 4.63 percent, to 10,719.48. The S&P 500 fell 51.81 points, or 4.42 percent, to 1,120.72.
The Nasdaq Composite dropped 101.47 points, or 4.09 percent, to 2,381.05.
Wednesday's drop came a day after stocks rallied on the Federal Reserve's pledge to keep interest rates near zero for at least two more years.
Even after Tuesday's snap-back rally, the S&P 500 is down almost 18 percent from its 2011 closing high set April 29.
The losses came against the backdrop of recent weak U.S. economic data, the United States losing its triple-A credit rating from Standard &
Poor's and the inability of lawmakers to address worries that another recession may be on the way.
About 15 billion shares traded on the New York Stock Exchange, NYSE Amex and Nasdaq, almost double the year's estimated daily average of
7.8 billion.
Volume once again spiked in the last hour of trading, and the market closed near its session lows. Of late, overleveraged investors with losses
on their books have been forced to sell shares near the end of the day.
"Between 3 and 3:20 (p.m.) you have people getting margin calls, and on days like today there's some nervousness about what those calls will
look like," said Andrew Frankel, co-president of Stuart Frankel & Co in New York, referring to the volatility of the final hour of trading.
Slides in the value of stocks may increase the cash needed in margin accounts, which can spark further selling.
Dow component Walt Disney Co dropped 9.1 percent to $31.54 a day after the entertainment company's quarterly results failed to reassure
investors that it could do well in a weak U.S. economy.
After the closing bell, Cisco Systems Inc's shares jumped nearly 12 percent after its quarterly results edged past Wall Street's scaled-back
expectations.
Declining stocks outnumbered advancing ones during the regular session on the NYSE by a ratio of more than 8 to 3, while on the Nasdaq,
almost five stocks fell for every one that rose.
(Reporting by Rodrigo Campos; Editing by Kenneth Barry)
10-Aug-2011 5:43 PM
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Wall Street closed out a chaotic trading session at the lows of the day, extending a global rout that was
ignited by weakening economic prospects and burgeoning fears over Europe's financial system.
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The Dow Jones Industrial Average fell 173 points, or 1.6%, to 10,818, the S&P 500 dipped 17.1 points, or
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Hewlett-Packard (HPQ: 23.60, -6.58, -21.80%) was a huge drag on the Dow
on Friday, plunging 20% to a 6-year low after announcing a major restructuring
in which it is mulling spinning off its personal computer business.
However, the selloff broadened toward the end of the trading session:
Caterpillar (CAT: 79.97, -3.36, -4.03%) and IBM (IBM: 157.54, -6.29, -3.84%)
took steep losses as well. Meanwhile, McDonald's (MCD: 87.23, +1.62,
+1.89%) and Wal-Mart (WMT: 52.30, +0.51, +0.98%) were by far the bestperforming components of the Dow.
This selling comes on the heels of the Dow shedding 420 points, or $120 billion
in market capitalization, on Thursday after a dismal manufacturing report and a
slew of gloomy headlines regarding Europe's banking system worried traders.
For the week the blue chips tumbled 4%, the S&P 500 lost 4.7% and the
Nasdaq slid 6.6%.
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jumped $30.20, or 1.7%, to $1,852 a troy ounce -- a record high.

On the economic front, JPMorgan joined Morgan Stanley and Goldman Sachs
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that risks to economic growth "are now very clearly to the downside." Wells
Fargo joined the club of banks slashing economic forecasts as well.
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With no major economic data releases slated for release on Friday, traders
paid particularly close attention to headlines from Europe.
Austria, the Netherlands and Slovakia requested collateral for loans made as
part of Greece's second bailout package, which is worth $154 billion, and has
kept the Mediterranean nation from having to default on its debt. Finland struck
a deal with Greece for collateral earlier this week.
How Long Will Selling

Continue?
Investment advisor Gil Morales
discusses why he is shorting
stocks.
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Politics
The move, according to Ben Critchley, a trader at IG Index, has led market
participants to question the strength of the European Union, and added to the
risk in the marketplace.
The Greek government is internally forecasting a bigger-than-expected
contraction to economic growth, according to a report by Dow Jones, citing
sources. The wider contraction will push the country's deficit higher, according
to the report, which may pose add to economic and fiscal woes.
There have also been mounting worries over the capital position of European
banks. The Wall Street Journal reported on Thursday the Federal Reserve is
concerned about European bank issues spilling over into the U.S. There were
also reports that the European Central Bank lent an undisclosed bank $500
million, possibly signaling a funding crunch for that bank.
FBNs Ray Hennessey

discusses the recent
uncertainty in the markets.
The question of specifically which banks will need additional capital is "under
the microscope" and a major market concern, according to Peter Boockvar,
managing director at Miller Tabak + Co.
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Energy Markets Mixed, Dollar Down

Energy markets were in the green after a rout in the prior session.
Light, sweet crude fell 12 cents, or 0.15%, to $82.26 a barrel. Wholesale
RBOB gasoline jumped 6 cents, or 2.1%, to $2.84 a gallon.
Investors Losing Faith in

Bank Policies
Moodys Chief Economist John
Lonski breaks down the recent
market volatility.
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In currencies, the euro gained 0.43% on the U.S. dollar, while the greenback
slumped 0.33% against a basket of world currencies.
Prices at the pump were stable overnight. A gallon of regular costs $3.59 on
average nationwide, down from $3.68 last month, but well higher than the
$2.73 drivers paid last year.
Corporate News
Bank of America (BAC: 6.97, -0.04, -0.57%) is slashing 3,500 jobs, according
a report by Reuters, citing a memo.
Are Treasurys a Safe

Investment?
UBS Head of U.S. Interest Rate
Strategy Chris Ahrens gives his
outlook for Treasury yields.
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Foreign Markets
The English FTSE 100 fell 1% to 5,041, the French CAC 40 tumbled 1.9% to
3,017 and the German DAX slid 2.2% to 5,480.
In Asia, the Japanese Nikkei 225 slid 2.5% to 8,719 and the Chinese Hang
Seng skidded 3.1% to 19,400.
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MARKET UPDATES - INVESTING
Friday's Selling Frenzy: Wall Street Crushed by

Euro Fears
MARKET SNAPSHOT
U.S.
By Adam Samson
Published September 09, 2011 | FOXBusiness
Print
Email
Share
Comments
Europe
DJIA
Recom m end
115
Asia
1 day
10,992.13
-303.68
Nasdaq
2,467.99
-61.15
S&P 500
1,154.23
-31.67
832.54
-21.45
FOX 50

Wall Street sustained deep losses to cap
a highly-tumultuous trading week after a
POPULAR SEARCHES
flurry of unnerving headlines on
Europe's sovereign debt crisis and
1 DC Report
6
ongoing economic concerns set off a
2 CEOs
7
global flight to safety.
3
Today's Markets
3 Days in the
Valley
Inflation
Stock Market
Economic Growth
BP
European Central
Bank
5 Central Bank
10 European Debt
Crisis
plunged 304 points, or 2.7%, to 10,992,
the S&P 500 tumbled 31.7 points, or 2.7%, to 1,154 and Nasdaq Composite slumped 61.2 points, or 2.4%,
CONNECT WITH FOX BUSINESS
to 2,468. The FOX 50 fell 21.5 points to 833.
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Euro Move Hits Markets in

Early Trading
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EU Debt Crisis Not Likely

to Spark Global Recession
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Midday Market Report: 9/9
The euro zone debt crisis has been a major focus on Wall Street on fears that
severe weakness in the financial system there may spillover to companies
across the Atlantic. In fact, the markets have been particularly affected by
even small developments and setbacks there.
Media reports that Germany is preparing to protect European banks from a
potential Greek bailout roiled global markets and added to already gloomy
developments earlier in the session.
European Central Bank Executive Board Member Juergen Stark plans on
resigning by the end of the year once a replacement is found. The ECB says
the retirement is for personal reasons, but a report by Reuters suggests the
move is actually a result of a disagreement over the central bank's bondpurchasing program.
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There were also discussions among the German and French officials about a
financial transaction tax that would affect all types of instruments including
equities and bonds. The U.K., which houses the region's largest financial
center, has opposed such a move.
The U.S. dollar soared 1.1% against a basket of world currencies to the highest
level since March, while the euro tumbled 1.4% against the
greenback. Meanwhile, the risk aversion trade was back on the table. The
yield on the benchmark 10-year Treasury bond fell briefly to a record low of
1.896% as traders have piled into the shelter of U.S. debt.
Volatility spiked more than 13% as measured by the Chicago Board of Options
Exchange VIX index. Every Dow component was in the red, and only 2% of
S&P 500 issues were higher.
http://www.foxbusiness.com/investing/2011/09/09/fridays-selling-frenzy-dow-cr... 09-Sep-2011
Page 2 of 3
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Shares of European banks traded in the U.S. were slammed on the

developments. In particular, companies like Deutsche Bank (DB: 23.08, -1.80,
-7.25%), Barclays (BCS: 9.11, -0.89, -8.90%) and Credit Suisse (CS: 22.86, 1.49, -6.12%) took deep losses. The broad Dow Jones Bank Titans 30 Index,
which tracks 30 major banks across the world, sunk 3.7% recently.
American blue-chip financials fared poorly as well: American Express (AXP:
47.28, -2.25, -4.54%) and JPMorgan Chase (JPM: 32.08, -1.43, -4.27%) took
bigger than 4% cuts. Energy companies like Halliburton (HAL: 39.66, -1.95, 4.69%) were hit hard as well.
Wall Street has been particularly volatile in recent days, making triple-digit
moves for several days in a row. For the week, the Dow crumbled 2.2%, the
broad S&P 500 slid 1.75 and the Nasdaq shed a more modest 0.5%.
Energy markets trade against the dollar because most commodities are traded in dollar units, meaning a
more expensive dollar makes them more expensive to obtain. Light, sweet crude fell $1.81, or 2%, to
$87.24 a barrel. Wholesale RBOB gasoline dipped 11 cents, or 2.1%, to $2.77 a gallon.
Gold rose $2.00, or 0.11%, to $1,860 a troy ounce.
President Barack Obama unveiled his plan to boost the ailing U.S. labor market before a joint session of
Congress on Thursday evening. The plan, which is expected to provide roughly $447 billion in spending
increases and tax cuts, was larger than the $300 billion many analysts had expected.
A key component of the plan is a cut of payroll taxes paid by employees in 2012. The purpose of the cuts,
according to a research note published by Barclays Capital, is to "offer an incentive to employers to either
raise wages or hire new workers." In total, tax cuts will equate to $253 billion of the package, with the other
part made of of spending increases, according to an analysis by economists at Goldman Sachs.
The President, who has yet to lay out the specifics of the plan, said repeatedly it would be paid for by
making other offsets elsewhere. However, analysts that follow developments in Washington have noted
that the plan may be face significant political challenges in a very much divided Congress. In particular,
the spending increases are expected to face a high level of political scrutiny during a time where many
lawmakers believe the country should focus on deficit reduction.
Also on the jobs front, Bank of America (BAC: 6.98, -0.22, -3.06%) is considering slashing as many as
40,000 jobs as part of its restructuring efforts, according to a report by The Wall Street Journal. The
biggest U.S. bank by assets, which has seen its stock plunge 46% this year, has been trying to operate
more efficiently and shed excess costs.
The Federal Reserve has also been a major focus on Wall Street. Federal Reserve Chairman Ben
Bernanke made a speech on Thursday, coming short of suggesting the central bank will provide another
round of quantitative easing, but setting up the case for further easing. The Fed's policymaking board will
have a two-day meeting starting on September 21, in which members of the Federal Open Market
Committee are expected to discuss unconventional methods of quantitative easing.
The Fed is in a challenging position because short-term interest rates, its usual policymaking tool, are
already essentially at 0% -- as low as they can go. Many economists at large investment banks expect the
Fed will reinvest proceeds from short-term bonds on its balance sheets into longer-term assets, a method
of stimulus the central bank has never before used.
The only major economic release on tap for Friday is wholesale inventories. Inventories are expected to
have ticked higher by 0.8% in July, after climbing 0.6% the prior month.
Foreign Markets
The English FTSE 100 fell 2.4% to 5,215, the French CAC 40 slid 3.6% to 2,795 and the German DAX
slumped 4% to 5,190.
In Asia, the Japanese Nikkei 225 dipped 0.63% to 8,738 and the Chinese Hang Seng slipped 0.23% to
19,866.
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The Hindu : Business / Markets : Sensex falls by 298 points, cuts short 3-d...
1 of 1
Business Markets
Sensex falls by 298 points, cuts short 3-day gains
PTI
The Hindu Stock brokers react as they monitor share prices during intraday trade at a brokerage firm, in Mumbai. Snapping th
three-day gaining streak, the the Sensex closed lower by 298.57 points at 16,866.97 points on Friday. File photo: Vivek Bendre
The BSE benchmark Sensex tumbled by over 298 points to close below the 17,000-mark on Friday due to heavy
profit booking by funds, especially in metal and refinery stocks, after the recent rally.
Snapping the three-day gaining streak, the 30share index closed lower by 298.57 points at 16,866.97 points.
During the day trade, the index touched high of 17,211.80 and a low of 16,849.27 points.
The broadbased National Stock Exchange index Nifty lost 93.80 points to 5,059.45, after moving between 5,1
and 5,046.80.
A weak trend in the Asian region and lower opening in Europe before a meeting of Group of Seven rich nations
deepening economic worries influenced the trading sentiments, brokers said.
Foreign investors remained jittery after a speech by the US Fed chief lacked details on plans to spur economic
growth following a jobs package plan by US President Barack Obama last night.
Steelmakers suffered major losses after the ministry lowered its forecast for demand growth.
Refinery stocks led by the most weighted Reliance Industries (RIL) fell on emergence of profit selling.
RIL dropped 3.33 per cent to Rs 825.10 and Infosys by 2.88 per cent to Rs. 2,271.20. Tata Steel lost 3.20 per cen
Rs 476.95.
Other losers in the index kitty were BHEL, HDFC Bank, ICICI Bank, SBI, Larsen and Toubro, Maruti Suzuki, T
Motots, Tata Power, TCS, DLF and Coal India.
Keywords: Sensex close
09-Sep-2011 4:36 PM
The Hindu : Business / Markets : Sensex tumbles 365 points on weak IIP data http://www.thehindu.com/business/markets/article2447156.ece?homepage...
1 of 1
Business Markets
Sensex tumbles 365 points on weak IIP data
PTI
AP The Bombay Stock Exchange barometer Sensex dropped 365.23 points to 16,501.74 on Monday. File photo
The BSE benchmark Sensex on Monday plunged over 365 points on heavy selling triggered by a steep fall in
domestic industrial growth and weak trend in global markets on renewed concerns of euro-zone debt crisis.
The BSE 30-share barometer dropped 365.23 points, or 2.17 per cent to 16,501.74, with all sectoral indices fallin
up to 3.43 per cent. It touched the days low of 16,393.04.
The broad-based National Stock Exchange index Nifty dropped below the 5,000 level, losing 112.65 or 2.23 per
to 4,946.80. Intra-day it dipped to 4,911.25.
Trading sentiment turned bearish as the countrys industrial growth fell to a meagre 3.3 per cent in July as aga
9.9 per cent in the same month last year.
Asian markets also slumped on renewed concerns that Greece would default on its debt repayments amid a war
from Germany, on top of ongoing debt crisis in other euro-zone nations. Big losses in Europe and the U.S. have
fuelled the selling pressure among foreign investors, brokers said.
Barring three Cipla, Sun Pharma and Hindustan Unilever all the index-kitty stocks ended with losses. Maj
losers were stocks of Tata Motors, Reliance Industries, Infosys, Bajaj Auto, Maruti Suzuki, BHEL, ICICI Bank,
Larsen and Toubro, Tata Steel, TCS and Wirro.
Besides industrial stocks, the banking sector was under pressure on fears of more hike in interest rate by the
Reserve Bank in its policy review on September 16 to tame rising inflation. The bank has increased rates 11 time
since March, 2010, making loans costly for industry as well as consumers.
Steelmakers declined for the second straight session on forecast that demand this fiscal may grow at a slower p
Keywords: BSE, Sensex, NSE, Nifty
12-Sep-2011 9:04 AM
The Hindu : Business / Markets : Sensex suffers biggest loss in 26 months,... http://www.thehindu.com/business/markets/article2476134.ece?homepage...
1 of 1
Business Markets
Sensex suffers biggest loss in 26 months, plunges 704 points
PTI
The Hindu The selling pressure gathered momentum as the Federal Reserve cited risks to the U.S. economy amid ongoing d
troubles in the euro zone nations and continuing depreciation of the rupee. Image shows a stock broker reacting as she watch
share prices in Mumbai. Photo: Paul Noronha
The BSE Sensex on Thursday suffered the biggest plunge in over 26 months, nosediving 704 points on heavy
sell-offs mirroring losses worldwide after the U.S. Fed cited risks to the U.S. economy, and the rupee fell furt
two-year lows.
The 30-share BSE benchmark index tank 704 points or 4.13 per cent to 16,361.15 biggest one day dip after Ju
2009 as Asian markets tanked and European markets opened lower by up to 4 per cent.
Similarly, the broad-based NSE index Nifty melt down by 209.60, or 4.08 per cent to 4,923.65.
Funds pulled out of risky assets amid concerns of slowing global economy after the U.S. Federal Reserve
disappointed investors with its stimulus plan, while warning of serious downside risks to growth amid severe e
zone debt crisis.
Back home, the rupee fell to fresh 2-year low against the U.S. dollar to Rs. 49.20 in intra-day trade weakest le
since July 13, 2009.
The most heaviest on the Sensex, Reliance Industries fell 6.16 per cent, followed by the second heaviest Infosys
3.28 per cent.
The Hong Kongs Heng Seng dropped 4.85 per cent, Japans Nikkei by 2.07 per cent, Indonesias index by 8.88
cent.
Markets fell more than 3 per cent in Taiwan, Russia and Poland. The European indices, led by Londons FTSE
plunged 4.55 per cent, followed by Paris 4.65 per cent in early trade.
The selling pressure was so strong that even a fall in food inflation to 8.84 per cent for week ended September 1
from 9.47 per cent in the previous week, failed to check the downfall.
Keywords: Sensex, share market, stock market
22-Sep-2011 9:41 AM
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Another Nightmarish Day: Economic Gloom Incites

Dow's Worst 2-Day Plunge Since '08
MARKET SNAPSHOT
U.S.
By Adam Samson
Print
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Share
Recom m end
Europe
DJIA
124
70
11
Asia
1 day
10,733.83
-391.01
Nasdaq
2,455.67
-82.52
S&P 500
1,129.56
-37.20
825.54
-24.77
FOX 50

The Fed's gloomy economic outlook,
coupled with apprehension that little can
be done to keep the global economy
from skidding into another recession,
sent market participants ditching risky
assets and fleeing into Treasuries in the
worst two-day plunge since the financial
crisis in 2008.
Reuters
CEOs
Inflation
Job Losses
White House
Interest Rate
Regulation Nation
Going Green
Bailout Bill
European Debt
Crisis
10
Societe Generale
Today's Markets

tumbled 391 points, or 3.5%, to 10,734, the S&P 500 fell 37.2 points, or 3.2%, to 1,1230 and the Nasdaq
Composite plunged 82.5 points, or 3.3%, 2,456. The FOX 50 shed 24.8 points to 826.
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The selloff was broad: more than a quarter of S&P 500 components touched 52
-week lows. Volatility, as measured by the VIX, spiked 11%. In a sign of the
conviction of the selling, volume was at the highest level since early August.

Most Popular
With global markets and U.S. equities in selloff mode, Treasury prices rallied,
shoving yields down. The yield on the 10-year Treasury sunk to 1.726% from
1.868% -- briefly touching a record low multiple times during the session.
Stocks Plunge After Fed
Assessment
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Overall, the blue chips have shed close to 700 points, or 6.1% in two trading
days. The broader indexes have performed poorly as well: the S&P 500 has
shaved 6.2% and the Nasdaq has lost 6%.
While every major sector was down, materials and energy stocks took the
biggest beating. Mining giant Freeport-McMoRan Copper (FCX: 32.14, -3.45,
-9.69%) was recently nearly 9.7% to the downside, while explorationtechnology firm Schlumberger (SLB: 61.22, -3.93, -6.03%) shed more than
6%.
RELATED VIDEO
The Federal Reserve moved to lengthen the maturity of its balance sheet, an
indirect bid to stimulate the economy, at its meeting that concluded on
Wednesday as was widely anticipated. The $400 billion scope of the "twist"
from short-term to longer-term Treasuries was, however, modestly broader
than many economists had been anticipating, according to a research note
from Goldman Sachs.
Fear About World

Economy Sends Markets
Lower
However, the Dow plunged 284 points in less than two hours after the decision
that was dubbed "Operation Twist" was announced, in a sign that many market
participants are wary that the central bank won't be able to reinvigorate a
stalling economy.
"A downbeat outlook for the economy combined with the so-called Operation
Twist economic stimulus not going far enough in many peoples eyes," David
http://www.foxbusiness.com/investing/2011/09/22/another-nightmarish-day-ec... 22-Sep-2011
Page 2 of 4
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Weekly Jobless Claims Fall
to 423,000
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Twist,' Global Rout
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Yield
Jones, chief market strategist at IG Index, a London-based trading firm, wrote

in a research note.
'Legitimate Fears'
Weekly claims for unemployment benefits fell to 423,000 last week from a
revised 432,000, higher than the 420,000 economists forecast. The number of
initial jobless claims have been hovering about the 400,000-mark for weeks -yet another sign of struggles in the jobs market, a crucial component of broader
growth.
Adding to the malaise on Thursday was data from the euro zone and China pointing to continued
contraction in manufacturing in both major global economies.
"The monetary measures (unveiled by the Fed), along with Obamas fiscal package announced earlier this
month ... could kick-start the economy," Gavan Nolan, director of credit research at Markit, a risk analysis
firm, wrote in a research note.
"But there is a legitimate fear that both monetary and fiscal policy has been too timid and the new
measures will be ineffectual."
Buying Opportunities
While global economic and financial concerns have ruled the day in the past two sessions, some analysts
seeing opportunities for investors amid the tumult.
"This environment calls for investor caution, but not a full abandonment of risky assets," analysts at
Barclays Capital wrote in a note to clients. "Very cheap valuations especially in the sectors that are most
vulnerable to European sovereign debt suggest that there is considerable upside for patient investors,"
referencing stocks that have been slammed because of fears that Europe's debt crisis may deepen.
The euro took a beating in early trading, tumbling 1.1% against the U.S. dollar, while the greenback
leaped nearly 1% against a basket of world currencies.
Commodity Selloff
Energy markets sold off as well as a result of increased fear that a weakening economy will stunt demand
and a considerably stronger dollar. Light, sweet crude fell $5.41, or 6.3%, to $80.51 a barrel. Wholesale
RBOB gasoline dipped 11 cents, or 4%, to $2.56 a gallon.
Gold plunged $66.40, or 3.7%, to $1,742 a troy ounce.
Corporate News
UTX Technologies (UTX: 68.31, -6.56, -8.76%) unveiled plans to acquire airplane-part maker Goodrich
for $16.4 billion in cash -- a 16% premium to Wednesday's closing price and 47% higher than the price
before news initially leaked last Thursday.
FedEx (FDX: 66.58, -5.92, -8.17%) posted quarterly profits that topped Wall Street's estimates by a
penny, but slashed its full-year outlook, sending shares lower.
Honeywell (HON: 41.97, -2.90, -6.46%) said its expects its third-quarter earnings to come in at the high
end of its forecast of 96 cents to $1.01 a share.
Foreign Markets
The English FTSE 100 plunged 4.7% to 5,042 and the German DAX slumped 5% to 5,164.
In Asia, the Japanese Nikkei 225 sunk 2.1% to 8,560 and the Chinese Hang Seng shed 4.9% to 17,912.
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A Gruesome Week: Wall Street Crushed in Worst

Weekly Plunge in Years
MARKET SNAPSHOT
U.S.
By Adam Samson
Print
Email
Europe
Asia
DJIA
Share
1 day
10,771.48
+37.65
Nasdaq
2,483.23
+27.56
S&P 500
1,136.43
+6.87
830.51
+4.97
FOX 50

Despite moving modestly higher on the
day, stocks were pummeled this week
after economic and euro zone dread
gripped market participants across the
world, igniting a global selling frenzy and
the blue chips' steepest fall since the
depths of the 2008 financial crisis.
Today's Markets
Reuters
The Dow Jones Industrial Average rose

37.7 points, or 0.35%, to 10,771, the
S&P 500 gained 6.9 points, or 0.61%, to 1,136 and the Nasdaq Composite climbed 27.6 points, or 1.1%,
to 2,483. The FOX 50 rose 5 points to 831.
RELATED VIDEO
Despite only making a modest move on the day, many assets experienced
their worst week in many years. The blue chips tumbled 6.4%, the S&P 500
plunged 6.4% and the Nasdaq slid 5.3%.
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Mort Zuckerman: In the

Midst of a Modern Day
Depression
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Opinion: Fear Rules
Markets as Concerns of
Global Recession Gain
Momentum
Gold shed close to 10% over the course of the week -- the biggest drop on a
percentage basis in 28 years. Meanwhile, in energy markets, oil tumbled $8.11
per barrel, or 9.22%, to $79.85 over the same period -- the steepest retreat
since May.
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Traders raced into the safety of Treasury bonds; indeed, the yield on the 10year note repeatedly touched record lows, although made a modest comeback
on Friday, sitting at 1.833%.
On Friday, about half of the 30 Dow components were recently in the green -led by Bank of America (BAC: 6.31, +0.25, +4.13%) and Caterpillar (CAT:
73.86, -0.04, -0.05%). Blue chips like Hewlett-Packard (HPQ: 22.32, -0.48, 2.11%) and DuPont (DD: 40.46, -1.19, -2.86%) still faced substantial losses.
Volatility, as measures by the VIX index, was up 0.87% on the day -- a stark
contrast from the big jump on Thursday.
Market participants have been reacting to renewed concerns that the global
economy is careening off course, and that policymakers broadly aren't taking
enough steps to stem the fall. In particular, the euro zone sovereign debt crisis
has been seen as a significant destabilizing factor amid fears a default by a
country like Greece could send shockwaves that could paralyze the financial
system.
The Group of 20 major economies, including the United States, European Union and China, issued a
statement late Thursday saying that it stands committed to "take all necessary actions to preserve the
stability of banking systems and financial markets as required."
http://www.foxbusiness.com/investing/2011/09/23/dismal-week-stocks-metals-... 23-Sep-2011
Page 2 of 3
While European markets pointed higher as a result, they quickly fell back into the red, as did U.S. stock
futures. There is a concern that policymakers' statements have often not translated into action, analysts
say.
"Hopes for some decisive action resulting from this weeks [Group of 20] meeting have helped to calm
some nerves in the second half of the day" in European markets, David Jones, chief market strategist at
IG Index, wrote in a note to clients. However, "markets have been tired of continual talk over drawing a
line under the crisis, but very little in the way of action."
Additionally, the European Commission said Friday that there is no big push to recpitalize European
banks, which goes counter to a report on Thursday by the Financial Times that it would move to aid
struggling mid-tier European banks. The EU has already provided nearly $600 billion in support to the
embattled banking sector there.
Euro zone banks, particularly French ones like BNP Paribas and Credit Agricole, have seen their share
prices plummet over worries that a sovereign default would severely damage their capital position.
Corporate News
Hewlett-Packard (HPQ: 22.32, -0.48, -2.11%) ousted Leo Apotheker as its chief executive, putting former
eBay (EBAY: 32.08, +0.41, +1.29%) CEO Meg Whitman in his place. Apotheker had been strongly
criticized during his time running the computing giant.
Foreign Markets
The English FTSE 100 gained 0.5% to 5,067 and the German DAX rose 0.63% to 5,197.
In Asia, the Chinese Hang Seng fell 1.4% to 17,669 and Japanese markets were closed for a holiday.
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Wall Street Crushed in Worst

Weekly Plunge in Years
Despite moving modestly higher on the
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Protect Your Retirement
Doom Street: Stocks Walloped in Worst Quarter

Since '08 Financial Crisis
MARKET SNAPSHOT
U.S.
By Adam Samson
Print
Email
Share
Recom m end
Europe
DJIA
28
21
Asia
1 day
10,913.38
-240.60
Nasdaq
2,415.40
-65.36
S&P 500
1,131.42
-28.98
849.68
-2.74
FOX 50

A stalling global economy, political
gridlock and Europe's deepening debt
debacle captivated the markets in the
third quarter and sent traders dashing
out of equities and many commodities
alike. All in all, the blue chips plunged
roughly 1,500 points in the worst
quarterly rout since the depths of the
financial crisis in 2008.
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Today's Markets
The Dow Jones Industrial Average dropped 241 points, or 2.2%, to 10,913, the S&P 500 dipped 29 points,
or 2.5%, to 1,131 and the Nadsaq Composite fell 65.4 points, or 2.6%, to 2,415. The FOX 50 fell 19.1
points to 833.

For the quarter,the Dow shed 12.1%, the S&P 500 plummeted 14.3% and the
Nasdaq slid 12.9%.
Most Popular
Wall Street moved at break-neck speed throughout the entire quarter. Indeed,
the Dow made triple-digit moves in either direction on a regular basis. Traders
were spooked by signs pointing to an economic slowdown, and potentially even
another recession. Meanwhile, a deadlock in Washington, D.C. over raising
the U.S. debt limit nearly sparked a selective default of American debt, and
contributed to Standard & Poor's slashing the U.S.'s pristine triple-A credit
rating.
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At the same time, headlines from Europe reverberated across the Atlantic and
rattled U.S. markets. Of particular concern has been the chance that Greece
may have to default on its debt if it doesn't receive an enormous bailout
package from international lenders, a move that has ignited widespread
political angst across the 17-member euro currency bloc. And many analysts
fear a Greek default could produce shockwaves that put the entire world
financial system in peril.
Of the blue chips, Caterpillar (CAT: 73.84, -1.55, -2.06%), 3M (MMM: 71.79, 2.74, -3.68%) and United Technologies (UTX: 70.36, -2.06, -2.84%)
contributed the most to the Dow's rout. In energy markets, crude oil plunged
17% -- also the worst retreat since the financial crisis. Gold, which was used as
a safe-haven during many of the most intense downturns, was up more than
7% for the quarter, but has recently receded from record highs. Also in a sign
of the tumult, the benchmark 10-year took its biggest loss since the financial
crisis.
Data Deluge
Economic data releases were mixed on Friday, however, the broadly negative
http://www.foxbusiness.com/investing/2011/09/30/doom-street-stocks-wallope... 30-Sep-2011
Page 2 of 4
RELATED VIDEO
trend for the economy still spooked traders. Indeed, in a sign of the fears, the
Treasury yields have fallen sharply: the benchmark 10-year note is presently
yielding 1.9% from 2.001%.
Personal income fell 0.1% in August, the first decline since October 2009, and
weaker than the 0.1% gain economists anticipated. Consumer spending was
up 0.1% for the month, which was in line with expectations.
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Meanwhile, the final reading of the Reuters/University of Michigan showed

consumer sentiment edged up in late September, but remained glum.
Consumer sentiment came in at 59.4 in September, from a previous reading of
57.8, and higher than estimates of 57.8.
Consumption is a key component in economic expansion, and can have an
impact on many sectors. In particular, retailers like Target (TGT: 49.04, -1.19, 2.37%) can be affected by these data, especially with just months to go before
the key holiday buying season this winter.
Manufacturing in the Chicago region expanded quicker than economists
expected in September. The Institute for Supply Management's gauge rose to
60.4 from 56.5, easily topping expectations of 55.5. The Chicago report comes
ahead of the more closely-tracked nationwide report, and generally correlates
reasonably well with that report, according to economists at Nomura.
The manufacturing sector took a hard hit from several economic factors,
including high energy prices, and lingering supply-chain impacts of the
earthquake that slammed Japan in March.
The Chinese manufacturing sector contracted for a third-straight month in
September, adding to worries that the world's second-largest economy may be
slowing down.
Inflation in the euro zone picked up speed drastically in September, soaring 3%
from 2010, a quicker pace than the 2.5% in August, and well above the
European Central Bank's inflation target of 2%. Indeed, September marked the
swiftest increase since October 2008.
"This development is likely to limit the ECB's willingness to provide more
monetary stimulus, despite recent poor news on activity," economists at
Barclays Capital wrote in a research note.
Also on the euro zone front, Austria's parliament approved giving the region's
sovereign rescue fund additional powers to help aid with bailouts such of that of
Greece. Germany's lower house approved the changes on Thursday,
considered to be one of the most crucial votes of confidence, but all of the 17
currency members of the currency bloc must agree.
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Negotiations were ongoing in Greece between international inspectors, called

the "troika," regarding the next tranche of funding the country needs to avoid
defaulting in October.
In currencies, the euro sunk 1% against the U.S. dollar, while the greenback
rose 0.62% against a basket of world currencies.
Energy markets were mixed, shedding heavy losses. Light, sweet crude fell
$1.00, or 1.2%, to $81.13 a barrel. Wholesale RBOB gasoline rose 3 cents, or
1.1%, to $2.59 a gallon.
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Eastman Kodak (EK: 0.70, -0.98, -58.28%) shares plunged 60% amid reports
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Morgan Stanley (MS: 13.51, -1.58, -10.47%) saw its share tumble nearly 10%,
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European banks.
Foreign Markets
Page 3 of 4
The Euro Stoxx 50 slid 1.5% to 2,180, the English FTSE 100 fell 1.3% to 5,197 and the German DAX
tumbled 2.4% to 5,402.
In Asia, the Japanese Nikkei 225 slipped 0.01% to 8,700 and the Chinese Hang Seng dipped 2.3% to
17,592.
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Wall Street closed out a strong month with a steep selloff after
reemerging worries over Europe's sovereign debt crisis and the
bankruptcy of MF Global spooked traders, and Japan's move to boost
the yen put strong selling pressure on energy and materials shares.
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Written By Adam Samson
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The Dow Jones Industrial Average slid 276 points, or 2.3%, to 11,955,
the S&P 500 slumped 31.8 points, or 2.5%, to 1,253 and the Nasdaq
Composite fell 52.7 points, or 1.9%, to 2,684.
Despite Monday's weakness, the markets soared in October. The Dow,
S&P 500 and Nasdaq were all up more than 9% for the month. Indeed,
the blue chips posted their best performance on a percent basis since
2002, and the broader S&P had its best month in twenty years.
The selloff was quite broad on the day, however. Bank of America
(BAC: 6.83, -0.52, -7.07%) and Alcoa (AA: 10.76, -0.81, -7.00%) were
the worst-performing Dow components, but all thirty blue chips ended in
the red. Volatility spiked 17.7%, while the yields on government debt fell
as investors piled into the perceived safe-haven asset. The benchmark
10-year Treasury note yielded 2.143% from 2.243%.
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Japan Intervention Sends Dollar Spiking

Japan on Monday made a significant intervention in the foreign
exchange markets for the second time in less than three months as it
tries to push down spiking yen exchange rates. The world's third-largest
economy has been pressured from the high relative valuation of the
yen, which government officials are blaming on speculation. Indeed, the
yen hit a post-World War II high against the dollar last week.
Japan relies heavily on exports, and the higher the yen, the more it
costs companies in other countries to purchase Japanese goods. The
country's economy is already reeling from the effects of the devastating
earthquake and tsunami that hit in March and impacted major players
like Toyota (TM: 66.71, -2.95, -4.23%) and Sony (SNE: 20.97, -1.41, 6.30%).
The move made waves throughout global currency markets. The U.S.
dollar soared 3.2% against the yen, while the euro slid 2.2% against the
greenback. The dollar also jumped 1.1% against a basket of six trading
partners.
MF Global Files for

Chapter 11; Problems
May Extend Beyond
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a LinkedIn Profile
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Part of MF Globals
Futures Business
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http://www.foxbusiness.com/investing/2011/10/31/wall-street-caps-blockbuster... 01-Nov-2011
Page 2 of 4
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A stronger dollar, however, is bearish for energy prices that are traded
in dollars, shoving many commodities and commodity-related shares
into the red. The benchmark U.S. crude oil contract fell 38 cents, or
0.42%, to $92.91 a barrel. Still, oil spiked 17.7% for the month -- the
best performance since May 2009.
Show More
Wholesale RBOB gasoline slipped 4 cents, or 1.5%, to $2.64 a gallon.

In metals, gold was off $22.00, or 1.3%, to $1,725 a troy ounce.
Also weighing heavily on sentiment was news on struggling futurestrading firm MF Global (MF: 1.20, -0.23, -16.08%). The company filed
for Chapter 11 bankruptcy protection on Monday.
Additionally, multiple exchanges in which it once had a strong foothold
limited MF Global customers to unwinding positions and said it will no
longer recognize the company or its divisions as a guarantor. MF
Global is a major player in the futures markets, so the news had an
outsized affect on futures trading.
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Traders were also paying close attention to Europe, where leaders were
still working to solidify a plan to tackle the region's escalating debt crisis.
Last week, euro zone policymakers agreed to a wide-ranging plan that
includes a 50% writedown on Greek debt held by private bondholders,
leveraging of the currency bloc's rescue fund, and recapitalization of
European banks. Markets cheered the news, with the Dow soaring 340
points on the day.
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However, questions still remained over the euro zone's ability to actually
implement the plan before it threatens larger global economies like Italy
or Spain.
"After the positive knee-jerk reaction by markets, many now want to see
further details of how the increased bailout fund will be financed," Ben
Critchley, a trader at London-based IG Index wrote in a note to clients.
Global leaders are set to meet in France at the Group of 20 summit at
the end of the week, which is said to be another key milestone for the
now two-year-old sovereign debt crisis.
Foreign Markets
European blue chips tumbled 3.1% to 2,385, the English FTSE 100 fell
2.8% to 5,544 and the German DAX slid 3.2% to 6,141.
In Asia, the Japanese Nikkei 225 fell 0.69% to 8,988 and the Chinese
Hang Seng slumped 0.77% to 19,865.
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The Hindu : Business / Markets : Sensex down 224 points on profit-bookin...
1 of 1
Business Markets
Sensex down 224 points on profit-booking, global worries
PTI
PTI Brokers said investors booked profits after a rally last week amid uncertainty over the eurozone debt crisis.
The BSE benchmark index Sensex today fell by 224 points on profit selling, especially in banking auto and realt
stocks, driven by weak global trends after renewed concerns over the European debt crisis.
The 30-share index lost 224.18 points, or 1.27 per cent to close at 17,480.83 points. It had lost 99.79 points in th
previous session.
The wide-based National Stock Exchange Nifty index declined by 68.65 points, or 1.29 per cent to 5,257.95 poin
Brokers said investors booked profits after a rally last week amid uncertainty over the eurozone debt crisis. The
Sensex had risen over 6 per cent last week.
Market leader Reliance Industries fell by 1.96 per cent to Rs. 860.55 and Infosys by 1.32 per cent to Rs. 2,837.20
two scrips have 20 per cent weightage in the Sensex.
Banking stocks fell over fears that hike in savings interest rate would reduce banks profitability and dent the ea
of interest-sensitive industries. The banking sector index lost 1.54 per cent to settle at 11,277.95 points.
The auto sector index suffered the most by 1.98 per cent to 9,289.34 on reports of fall in vehicle sales during the
October month, while realty sector lost 1.87 per cent to 1,883.80 on fears the interest hike might curb home sal
A weakening trend in the Asian region and lower opening in Europe as the announcement of a Greek referendu
spurred concern that the country may default, continued to shadow the trading sentiment.
Keywords: sensex, share markets
01-Nov-2011 9:19 AM
Market Report - Nov. 1, 2011 - CNNMoney
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Stocks fall hard on

Greece fears
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By Hibah YousufNovember 1, 2011: 4:49 PM ET
Stocks fall hard on Greece fears
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NEW YORK (CNNMoney) -- New fears about the fate of the European
rescue plan reverberated through stock markets in the United States and
around the world Tuesday.
Markets
US Indexes
Following European markets, U.S. stocks ended sharply lower across the
board. Bank stocks were hit especially hard.
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The bad news was propelled by

Greek Prime Minister George
Papandreou's surprise
announcement that he would put his
country's participation in last week's
European debt plan to a voter
referendum.
Change
% Change
11,657.96
-297.05
-2.48%
Nasdaq
2,606.96
-77.45
-2.89%
S&P 500
1,218.28
-35.02
-2.79%
2.00
-0.17
Dow
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Treasuries
-8.00%
Data as of 6:36pm ET
symbol
The announcement spooked

investors, who feared a public vote
would jeopardize the carefully-crafted
deal.
Tuesday afternoon, stocks clawed back from the lowest levels of the day
following a Dow Jones report that said the referendum is "basically dead."
But just minutes before the market close, other news reports said the
referendum will go ahead.
In the end, the Dow Jones industrial average ( INDU) finished 297 points
lower, falling 2.5%, the S&P 500 ( SPX) sank 35 points, or 2.8%, and the
Nasdaq ( COMP) lost 77 points, or 2.9%. Earlier, all three indexes were off
around 3%.
"Beggars can't be choosers and the fact that Greece even thinks they have
a choice in accepting the EU debt deal is beyond logic," said Kathy Lien,
director of currency research at Global Forex Trading, in a note to clients.

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30 yr refi
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15 yr refi
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http://money.cnn.com/2011/11/01/markets/markets_newyork/index.htm
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Papandreou may be demonstrating "political brinkmanship in order to

solidify his position in the view of the public," despite the highly unpopular
austerity measures, said Mark Luschini, chief investment strategist at
Janney Montgomery Scott.
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The
referendum
could
alsoword
be Greece's way of warning European officials
Greece
is still
the
that they need better terms that the public will support, or else the deal will
fall apart, added Luschini. Or it could be a "complete policy blunder."
"Investors don't know what the referendum is going to mean, but they're
selling first and will ask questions later," said Luschini. "If Greece ends up
demanding different terms to the deal, European officials will be less willing
to help. And that could put the prospect of a disorderly Greek default back
on the table."
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The market's fear gauge, the VIX ( VIX), spiked 19% to 35.60. Any reading
above 30 signals investor worry. Earlier, the index has surged 25%.
Stocks are coming off sharp losses Monday, as questions and doubts arose
regarding the rescue package agreed upon by European leaders last week.
Buick Verano, GM's bite-sized

luxury
The recent selling puts the S&P 500 and Nasdaq back in negative territory
for the year, while the Dow is up just 0.7% in 2011.
The Verano's smaller package has

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to. More
MF Global may have millions missing

Companies: Bank stocks were hit especially hard in Tuesday's sell-off,
with shares of Morgan Stanley ( MS, Fortune 500) and Citigroup ( C,
Fortune 500) shares off nearly 8%. Bank of America ( BAC, Fortune
500), JP Morgan Chase ( JPM, Fortune 500) and Goldman Sachs ( GS,
Fortune 500) were down more than 5%.
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Pfizer ( PFE, Fortune 500) shares rose after the company reported
quarterly earnings that beat Wall Street's estimates. The drugmaker was the
only gainer on the Dow, and among a handful of S&P 500 stocks in positive
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Shares of Baker Hughes ( BHI, Fortune 500) plunged, making it the big
decliner on the S&P 500. The oilfield contractor missed earnings estimates.
MetroPCS ( PCS) shares also fell after the wireless service provider
reported lackluster earnings results.
SEE ALL GALLERIES
Meanwhile, Bank of America said it will drop its planned $5 debit card
usage fee after widespread customer complaints.
World markets: World markets tumbled Tuesday, with banks leading the
decline globally. Germany's DAX ( DAX) lost 5%, Britain's FTSE 100
( UKX) dropped 2.2%, and France's CAC 40 ( CAC40) tumbled 5.4%
Societe Generale, BNP Paribas, and Credit Agricole shed between 12% and
17% in Paris. In Germany, shares of Deutsche Bank ( DB) dropped 8%.
Asian markets ended mostly in the red, after a report showed China's
manufacturing activity slowed in September. The Shanghai Composite
( SHCOMP) was flat, while the Hang Seng ( HSI) in Hong Kong fell
2.5% and Japan's Nikkei ( N225) shed 1.7%.
Economy: The ISM index show manufacturing activity barely expanded in
October, coming in at 50.8. Any level above 50 indicates growth in the
sector. But the reading fell from September and came in below expectations.
Construction spending edged up 0.2% in September, down from a 1.6%
pickup in August. Economists were expecting spending to rise 0.3%.
Auto sales figures will be coming out throughout the day.
http://money.cnn.com/2011/11/01/markets/markets_newyork/index.htm
01-Nov-2011
Dow falls 297 as Greek turmoil batters stocks - MSN Money
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S&P 500 is
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Change / % Change
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Dow falls 297 as Greek turmoil batters stocks
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As of 11/01/2011 4:33PM ET
Financial markets globally slump after Greece talks about holding a referendum on its debt
bailout. Bank stocks sag; Bank of America junks its debit-card fee. Commodities tumble after
the failure of MF Global. GM's October sales miss estimates.
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Updated: 5:48 p.m. ET

Stocks slumped for the second day in a row as a plan for Greece to hold a referendum on
the terms of its financial rescue threatened to scuttle Europe's grand bailout plan.
U.S. stocks were down 2.4% on the news, with the Dow Jones industrials ($INDU 2.48%) briefly off more than 300 points. German and French stocks closed down more
than 5%, and British stocks tumbled more than 2%.
Greek Prime Minister's George Papandreou's proposal to let Greeks vote on the austerity plans required to comply
with its financial rescue took markets entirely by surprise -- not to mention the eurozone nations that had labored deep
into the night last week to craft the plan. Papandreou's decision may lead to a collapse of his government, the
After you search for quotes in the Get Quote box at the
top of the page, they will appear here.
Sponsored by:
MARKET UPDATE
US
INTERNATIONAL
NAME
LAST
CHANGE
% CHANGE
DOW
11,657.96
-297.05
-2.48
Guardian newspaper reported, causing more turmoil across the continent. He faces a vote of confidence on Friday.
Adding to the market's stress today were October sales reports that missed estimates from General Motors (GM 9.75%) and Ford Motor (F -5.14%), as well as slumping commodity markets in the wake of MF Global's bankruptcy
filing on Monday. Gold (-GC) briefly dropped below $1,700 an ounce; crude oil (-CL) in New York fell to as low as
$89.17 a barrel.
The Dow closed down 297 points, or 2.5%, to 11,658; the blue chips had been down as many as 321 points. The
Standard & Poor's 500 Index ($INX -2.79%) was off 35 points, or 2.8%, to 1,218, and the Nasdaq Composite Index
($COMPX -2.89%) had fallen 77 points, or 2.9%, to 2,607.
NASDAQ
2,606.96
-77.45
-2.89
Article continues below.
S&P
1,218.28
-35.02
-2.79
Russell
2000
713.89
-27.17
-3.67
The Dow has fallen 4.7% in two days of trading, with the S&P 500 off 5.2% and the Nasdaq down 4.8%. The two-day
10 Yr Note
101.09
+1.03
+1.03
losses were the worst since Sept. 21-22.

The sell-off came after a strong performance for U.S. stocks in October. It comes ahead of a Federal Reserve
decision on monetary policy due Wednesday morning. (Chairman Ben Bernanke will hold a news conference
afterward.)
Here's a little something to cheer about: The S&P 500's 2.8% decline was not the worst for the first day of November
trading in the index's history. The worst was a 5.26% decline in 1929, followed by a 2.87% decline in 1932.
To rank among the 10 worst days on the first day of any month would have required a 2.97% decline, according to
Standard & Poor's Howard Silverblatt.
Only one of the 30 Dow stocks was higher today: pharmaceutical giant Pfizer (PFE +0.36%), up 0.4% to $19.33.
Pfizer's third-quarter results came in much better than expected, as sales of its medicines accelerated in emerging
[BRIEFING.COM] Revived concerns related to Europe's

ability to efficiently and effectively restore financial
conditions resulted in another round of aggressive
selling. ... More
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markets and in the nutritional products and animal health businesses it plans to divest.
Euro/Dollar
The drugmaker raised its full-year 2011 profit forecast to $2.24 to $2.29 a share after one-time charges. It also
reaffirmed its projection of $2.25 to $2.29 a share in earnings for 2012. That's even after ceding sales from its $10
Pound/Dollar
billion-a-year Lipitor cholesterol fighter once cheaper generics begin flooding U.S. pharmacies on Nov. 30.
Dollar/Yen
1.59617
+0.00076
+0.05
78.55460
+0.18459
+0.24
http://money.msn.com/market-news/post.aspx?post=9a13c7aa-bebc-4898-85...
01-Nov-2011
Meanwhile, only 20 S&P 500 stocks were higher, led by online travel site Expedia (EXPE), up 4.3% to $27.38.
All 10 sectors of the S&P 500 were lower. The best performers, relatively speaking, were utility stocks, a reflection of
Page 2 of 6
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their ability to pay dividends. Financial, energy and industrial stocks were the market's weakest sectors.
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Expedia was the top stock in in the Nasdaq-100 Index ($NDX), which tracks the largest Nasdaq stocks. The other
gainers were Seagate Technology (STX), up 1.8% to $16.25, O'Reilly Automotive (ORLY), up 0.5% to $76.45, and
Costco Wholesale (COST), up 0.1% to $83.35.
The index was off 62 points, or 2.6%, to 2,298. Apple (AAPL), down 1.6% to $398.40, was responsible for five points
of the index's loss.
Financial markets globally slump after Greece talks

about holding a referendum on its debt bailout. Bank
stocks sag; Bank of America junks its debit-card fee.
Commodities tumble after the failure of MF Global. GM's
October sales miss estimates.
Automakers disappoint with modest October gains
Energy prices -- New York close
Crude oil (-CL)
Dow falls 297 as Greek turmoil batters stocks
Tues.
Mon.
Month chg.
YTD chg.
Gold continues to slide as dollar strengthens
$92.19
$93.19
-1.07%
0.89%
Stocks tumble on renewed fears over European debt
(per barrel)
Heating oil (-HO)
$3.0379 $3.0583 -0.67%
19.43%
$3.7810 $3.9340 -3.89%
-14.17%
$2.6244 $2.6057 0.72%
6.98%
$109.06 $109.56 -0.46%
15.10%
$3.4370 $3.4430 -0.17%
11.88%
Strong dollar beats up gold
(per gallon)
Natural gas (-NG)
Dow falls 276 on Europe, economic worries
Stocks drop as Europe euphoria fades
(per mil. BTU)

Unleaded gasoline (-RB)
(per gallon)
Brent crude
VIDEO ON MSN MONEY

MUST-SEE ON MSN
(per barrel)
Retail gasoline
DELISH
The most distinctive drivethrus
(per gallon; AAA)

Treasury yields drop on Greek worries
The Greek situation sent many investors scurrying for safety. The euro fell 1.25% against the dollar. Treasury yields
dropped; the 10-year Treasury yield fell to 2% from Monday's 2.175%.
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Gold, meanwhile, settled down $13.40 to $1,711.80 an ounce after falling to as low as $1,681.20 an ounce. Silver (SI) settled down $1.623, or 4.7%, to $32.266 an ounce. Copper (-HG) dropped 13 cents to $3.5025 a pound.
Bing: Herman Cain hit by tax lien in 2008
Light sweet crude oil in New York settled down $1, or 1.1%, to $92.19 a barrel, a bit of an improvement over this
morning when it hit $89.17. Brent, the benchmark North Sea crude, was down $2.85 to $106.71. The spread between
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U.S. crude and Brent has shrunk from more than $25 a barrel two weeks ago to less than $15.
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What was Papandreou thinking?

The conventional view of the Greek situation is that George Papandreou had abdicated responsibility for proposing a
Your budget priorities, first to last

Investing terms everyone should know
referendum on the Greek rescue plan.

Should you give your kids an allowance?
His announcement, late Monday, appeared to cut the knees out of the bailout plan negotiated last week and set the
stage for real chaos. At one point, it looked as though the referendum was off. However, as a cabinet meeting today,
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Papandreou repeated his vow to hold the referendum. (He also replaced the top brass in Greece's armed forces.)
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"We expect the crisis to build," Capital Economics, a British consulting firm, wrote today, "prompting a prolonged
recession in the eurozone, further turmoil in the markets and, at some point, the end of the euro itself in its current
form."
The more cynical view is this: Greece can't afford the rescue plan. It's in the midst of a major recession. And the only
real solution may be to junk the euro as its currency and work through its problems with a lower-valued currency.
The practical effect of the problem, however, has been to batter financial stocks in Europe and the United States.
Societe Generale (SCGLY), the big French bank, was trading down 14.5% to $4.96 in New York. BNP Paribas
(BNPQY) was off 12% to $19.71. Deutsche Bank (DB) was off 7% to $38.50.
JPMorgan Chase (JPM) was down 5.9% to $32.71. Citigroup (C) was off 7.7% to $29.17.
It should be noted that Bank of America (BAC) ended its plan to charge customers $5 a month for using their debit
cards. Shares were down 6.3% to $6.40.
Auto sales not as robust as hoped
Toyota Motor (TM) and Honda Motor (HMC) reported U.S. sales declines for October, when they pledged to record
their first increases since April. General Motors and Ford Motor said their deliveries rose less than analysts estimates.
Toyota said sales slid 7.9% to 134,046, while Honda deliveries slipped 0.5% to 98,333, according to separate emailed statements. GM sales rose 1.7% to 186,895 and Ford light-vehicle deliveries gained 6.2% to 167,502, falling
short of estimates by analysts who projected at least 6.6% increases for each.
Total deliveries for the month increased 7.5% to 950,165. The closely watched seasonally adjusted annual sales rate
rose to 13.2 million units, up 8% from a year ago and in line with the consensus estimate. There had been hopes the
01-Nov-2011
Page 3 of 6
sales rate would hit as high 13.9 million.

The pace, which dipped below 12 million in May and June after Japans tsunami disrupted Toyota and Honda output,
may now be challenged as Thailands floods disrupt that country's supply of parts.
Toyota stock was off 2.2% to $65.26. Honda ended up 0.7% to $30.10. GM, which reports quarterly results in a week,
slumped 9.8% to $23.33, and Ford fell 5.1% to $11.08.
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2011 Microsoft
Short hits from the markets -- New York close

Tues.
Mon.
Month chg. YTD chg.
Treasury yields
13-week Treasury bill
0.0200%
0.010%
100.00%
-83.33%
5-year Treasury note
0.909%
1.011%
-10.09%
-54.91%
10-year Treasury note
2.001%
2.175%
-8.00%
-39.46%
30-year Treasury bond 3.012%
3.199%
-5.85%
-30.95%
Currencies
U.S. Dollar Index
77.39
76.306
1.42%
-2.39%
British pound
1.5980
1.6090
-0.66%
2.40%
(in U.S. $)
U.S. $ in pounds
0.626
0.622
0.66%
-2.34%
Euro in dollars
$1.37
$1.39
-0.99%
2.55%
U.S. $ in euros
0.729
0.721
1.00%
-2.49%
U.S. $ in yen
78.38
78.14
-0.07%
-3.67%
U.S. $ in Chinese
6.38
6.35
0.00%
-3.61%
$0.984
$1.001
-1.71%
-1.97%
$1.017
$0.999
1.67%
1.93%
(in U.S. $)
yuan
Canada dollar
(in U.S. $)
U.S. dollar
(in Canadian $)
Commodities
Gold (-GC)
$1,711.80 $1,725.20 -0.78%
20.43%
$3.503
$3.632
-3.57%
-21.24%
$32.7310
$34.3540
-4.72%
5.80%
$6.3000
$6.2825
0.28%
-20.68%
$6.5425
$6.47
1.12%
5.10%
$0.9954
1.0229
-2.69%
-31.26%
$2.2730
2.304
-1.35%
-5.49%
$92.19
$93.19
-1.07%
0.89%
(per troy ounce)

Copper (-HG)
(per pound)
Silver (-SI)
(per troy ounce)
Wheat (-ZW)
(per bushel)
Corn (-ZC)
(per bushel)
Cotton
(per pound)
Coffee
(per pound)
Crude oil (-CL)
(per barrel)
< Back to Latest Dispatches
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The Dow Jones Industrial Average tumbled 389 points, or 3.2%, to

11,781, the S&P 500 slid 46.8 points, or 3.7%, to 1,229 and the Nasdaq
Composite slumped 106 points, or 3.9%, to 2,622.
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Wall Street has been fixated on developments from across the Atlantic
for months as the euro zone's sovereign debt crisis has spread, posing
an increased risk to the global financial system, and threatening to tip
the region's economy back into a recession.
The selling was ferocious enough on the day to knock the broad S&P
500 and Nasdaq into the red for the year and significantly trim the Dow's
gain. Volatility spiked 32%, while the yields on U.S. government debt
tumbled as fears mounted. The benchmark 10-year Treasury note
yields 1.969% from 2.084%.
Every major sector was in the red, but financial stocks took the biggest
beating by a wide margin. Indeed, Bank of America (BAC: 6.16, -0.37,
-5.67%) and JPMorgan Chase (JPM: 32.54, -2.48, -7.08%) were the
worst-performing blue chips, plunging more than 5% each.
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Italy, with its public debt of roughly $2.6 trillion, or 120% of its total
economic output, has become the latest focus. The yield on the
country's debt has ballooned since the summer and the benchmark 10year note hit a fresh euro-era high of 7.495% on Wednesday, according
to an analysis by FOX Business, as traders have fled out of fear that the
value of the debt will continue declining, and that the country may not be
able to honor its commitments. Greece, Portugal and Ireland, much
smaller economies with smaller absolute levels of debt, needed
international bailouts when their debt yields topped 7%.
The problem for Italy is twofold. The higher the yield it needs to pay, the
more expensive it becomes for the embattled nation to refinance its debt
years down the line, increasing its overall debt level. Second, as yields
climb and prices tumble, traders become more wary of purchasing the
debt, and Italy could have trouble finding sufficient levels of lending on
the private market, meaning it would need international support to
refinance.
The country has begun putting in place economic reforms to cut back its
debt level, but it isn't clear whether those reforms will be sufficient to cut
down the debt, or convince the markets that it is on a sustainable path.
Italy's Prime Minister Silvio Berlusconi agreed to resign on Tuesday
after a budget vote that is expected to be held next week, which market
participants initially hoped would pave the way for reforms to pass
through parliament, but the situation has become murkier. It isn't certain
who will take over the country, and if that person, or group, will be able
to get the reforms passed.
Page 3 of 5
For Europe as a whole, Italy is particularly problematic because it is a

such a major economy, so many banks hold its debt, and because its
debt level is so high any potential bailout may be larger than the
continent can handle on its own. Additionally, it has become much
more difficult politically to pass rescue packages as countries like
Germany have grown unwilling to spend to bailout other countries.
However, an Italian default, analysts say, could be catastrophic.
On top of the woes from Italy, the Greek situation is still not under
control. The Mediterranean country's prime minister agreed to resign
over the weekend, but also isn't clear who will fill the power vacuum
there and assure financial markets that it will take measures to receive a
much-needed bailout.
European blue chips tumbled 2.3%, Italian shares plunged more than
3% and the euro plummeted 1.8% to $1.359. The U.S. dollar,
meanwhile, soared 1.1% against a basket of six world currencies.
Despite the heavy selling, some market participants saw the weakness
as a buying opportunity.
"We're coming off of the highs," Larry Levin, founder of Trading
Advantage told FOX Business in an interview. "Traders will step in and
buy."
A bullish weekly inventory report from the Energy Department helped
temper the losses in energy markets. The benchmark New York oil
contract fell $1.06, or 1.1%, to $95.74 a barrel. Wholesale RBOB
gasoline tumbled 6 cents, or 2.3%, to $2.64 a gallon.
In metals, gold fell $7.60, or 0.42%, to $1,792 a troy ounce.
The economic calendar is quite light on Wednesday, with a report on
wholesale inventories being the only major release. Inventories were
down 0.1% in September, smaller than the 0.1% increase in August,
and the 0.5% jump economists had forecast.
Corporate News
General Motors (GM: 22.31, -2.73, -10.90%) posted quarterly results
that beat Wall Street's expectations on the top and bottom line, but the
American automaker pared back its European outlook, sending shares
plunging.
Macy's (M: 30.45, -1.71, -5.32%) revealed third-quarter results that
easily topped forecasts, but its glum view on the key holiday season
spooked traders.
Foreign Markets
European blue chips tumbled 2.3%, the English FTSE 100 fell 1.9% to
5,460 and the German DAX slid 2.2% to 5,830.
In Asia, the Japanese Nikkei 225 jumped 1.25 to 8,755 and the
Chinese Hang Seng rallied 1.7% to 20,014.
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The markets plummeted as Europe's

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The Hindu : Business News : Sensex drops over 200 points on ratings con...
1 of 1
http://www.thehindu.com/business/article2611832.ece
Business
Sensex drops over 200 points on ratings concerns
PTI
The Hindu Employees at a stock broker's office in Mumbai. File Photo: Vivek Bendre
In a choppy trade, the BSE benchmark index Sensex on Wednesday dropped by 207 points on selling by funds,
specially in banking, realty and oil stocks, after ratings agency Moodys lowered outlook on the banking system
After a higher start at 17,658.34, the 30-share index dropped by 207.43 points to close at 17,362.10 points with
scrips ending with losses.
After climbing to 5,317.50, the broad-based National Stock Exchange Nifty fell by 68.30 points to 5,221.05 poin
The banking sector stocks suffered the most as Moodys Investor Service downgraded its outlook for Indias ba
system to negative from stable, as it warned of slowing growth at home and overseas hitting asset quality,
capitalisation and profitability.
The countrys largest lender SBI plunged over 6 per cent on concerns over its asset quality and growing
non-performing assets. The SBI today posted 12.35 per cent rise in standalone net profit for July-September qu
Other major contributor to the fall were RIL, ICICI Bank, HDFC Bank, Maruti Suzuki, Mahindra and Mahindra
BHEL, DLF, Cipla, Sterlite Industries, Tata Motors and Tata Steel.
The banking index suffered the most by losing 2.62 per cent to 11,020.96 followed by metal sector index by 2.50
cent to 11,538.79.
Realty index fell by 2.48 per cent to 1,851.05 and Oil and gas index by 2.25 per cent to 8,841.08.
The market sentiment further dampened as Europes sovereign-debt crisis stirred political drama across the re
Keywords: sensex, Moody's rating, Indian banks
09-Nov-2011 10:46 PM
Wall Street Burned as Europe's Debt Crisis Boils Over | Fox Business
2 of 6
http://www.foxbusiness.com/markets/2011/11/16/wall-street-pummeled-a...
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Comments
Mounting evidence that Europe's debt crisis that was once

confined to the continent's highly-indebted periphery is
beginning to infect major global economies incited a powerful,
late-session selloff.
European
Banks Feel
Funding Pin
/LNH
Today's Markets
Share
54
Share
The Dow Jones Industrial Average fell 191 points, or 1.6%, to

11,906, the S&P 500 slid 20.9 points, or 1.7%, to 1,237 and the
Nasdaq Composite slumped 46.6 points, or 1.7%, to 2,640.
The Dow shed close to 200 points in the last two hours of
trading, in what was yet another wild ride for Wall Street.
Market participants pegged Wall Street's late-day plunge on a
note from Fitch saying Europe's debt crisis could pose a risk to
the American banking system. The ratings company said U.S.
banks have "manageable direct exposures to the stressed
European markets, but further contagion poses a serious risk."
The financials suffered the worst as a result of the note, but

largely every sector was pummeled. All of the thirty blue chips
ended the day in the red, besides 3M (MMM: 81.87, 0.00,
0.00%), which was unchanged on the day.
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In a sign of the breadth of the selling, 83% of the day's volume
17-Nov-2011 5:06 AM
3 of 6
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39.00
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BAC
5.90
BANK OF
AMER...
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TGT
52.94
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CORP....
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9.97
was in declining stocks as trading intensified strongly after

Fitch's warning, according to an analysis by FOX Business.
Investors sought refuge in safe-haven assets: the yield on the
benchmark 10-year U.S. Treasury note fell to 2.007% from
2.049%. Bond yields move in the opposite direction of prices,
so as traders pile in to the assets, the price rises while the yield
falls.
Earlier in the day, the Bank of England slashed its near-term
growth forecast and inflation expectations, saying a failure of
policymakers to reach an effective solution to the crisis will
"certainly have significant implications for the U.K. economy."
This comes a day after yields on debt of several European
countries, like France, that retain top-notch credit ratings rose
markedly as contagion fears have grown.
Contagion "is a real fear you have to face," Henk Potts, a
wealth equity strategist at Barclays said in an interview with
FOX Business, citing concerns that France may be the next
focal point of the debt crisis.
Separately, German Chancellor Angela Merkel said Europe's

AMERICAN
economic powerhouse doesn't support euro bonds, or a
EXP...
-1.83 common euro zone debt issuance. The sentiment was
telegraphed previously, but it comes as yet another reminder of
RIG
49.53
the dwindling options European policymakers have to stem the
TRANSOCEAN
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L...
+1.67
ALCOA INC.... -0.39
As tensions have grown the difference between the German

bund yield, Europe's safe-haven asset that is akin to U.S.
Treasury notes, and French 10-year notes notched a record
high on Wednesday, according to an analysis by FOX
Business.
So-called sovereign debt spreads "remain at elevated levels,
reflecting the skepticism about Europes ability to tackle the
debt crisis," Gavan Noan, director of credit research at
London-based Markit wrote in an e-mail.
The euro fell 0.4% to $1.348 in particularly choppy trading,
while euro zone blue chips rose 0.62%.
Oil Tops $100 for First Time Since July
The benchmark crude oil contract traded in New York spiked
$3.22, or 3.2%, to $102.59 a barrel -- crossing the $100
threshold for the first time since July. Wholesale RBOB
gasoline climbed 4 cents, or 1.6%, to $2.63 a gallon.
The rally was driven by the sale of a key pipeline, analysts say.
17-Nov-2011 5:06 AM
4 of 6
The Energy Department's weekly inventory reports showed oil

and gas inventories were slightly higher than had been
expected in the prior week. Crude stocks fell 1.06 million
barrels, a narrower draw than the 1.2 million the was expected.
Gasoline stocks, meanwhile, rose 992,000 barrels, topping
estimates of a 700,000 fall.
In general, higher supply eases pressure on prices, so
unexpectedly high stocks could have a bearish affect in the
energy markets. However, after easing up slightly after the
report, the two energy futures recouped their losses.
On the corporate front, retail giant Target (TGT: 52.94, -0.24,
-0.45%) posted third-quarter profits of $555 million, blowing
past analysts' expectations, and also signaled its currentquarter earnings would be stronger than anticipated.
Technology heavyweight Dell (DELL: 15.13, -0.50, -3.20%),
however, revealed better-than-expected earnings, but lacking
sales that pushed shares down 2%.
Traders also had a slew of data to parse through on the U.S.
economy.
Inflation at the consumer level fell 0.1% in October from
September -- the first fall since July as energy prices tumbled
2%. Excluding the more volatile food and energy component,
prices were up 0.1% as expected. However, these data don't
include a more recent rise in energy prices, which may push
prices up in the next reading.
A separate report showed industrial output expanded at a rate
of 0.7% in October from September, topping expectations of a
0.4% gain. Capacity utilization rose slightly to 77.8%, which
was the highest reading since July 2008.
The data suggest "manufacturing output has picked up from a
soft patch over the summer and that auto production continues
to rebound," Peter Newland, an economist at Barclays Capital
wrote in a note to clients. "Any supply constraints resulting from
flooding in Thailand have not, as yet, had a material effect."
Foreign Markets
European blue chips rose 0.62%, the English FTSE 100 fell
0.15% to 5,517 and the German DAX slipped 0.5% to 5,913.
In Asia, the Japanese Nikkei 225 slid 0.92% to 8,463 and the
Chinese Hang Seng plummeted 2% to 18,961.
17-Nov-2011 5:06 AM
5 of 6
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17-Nov-2011 5:06 AM
The Hindu : Business / Markets : Sensex dips below 17000-mark
1 of 1
Business Markets
Sensex dips below 17000-mark
PTI
The Bombay Stock Exchange benchmark Sensex dipped below the 17,000 mark after three weeks, losing 236 po
on sustained selling amid concerns over weak corporate earnings and subdued global markets.
The Sensex, which had lost over 450 points in the previous three sessions, fell further by 236.07 points, or 1.38
cent to 16,882.67. The gauge fell below the 17,000 level after October 24.
On the similar lines, the broad-based NSE index Nifty slipped below the 5,100 mark, losing 79.85 points or 1.55
cent to 5,068.50.
A weak trend in the Asian region and lower openings in Europe due to lingering doubts over the euro-zone deb
crisis dampened the trading sentiment.
Brokers said below-expectation quarterly earnings by some leading companies and fears of high inflation keepi
interest rates high remained major investor issues.
The decline was led by financial and interest sensitive stocks such as realty, auto and capital goods.
Two most heaviest counters, with 20 per cent weight on the Sensex Reliance Industries and Infosys fell sh
on brisk selling. RIL tumbled 1.42 per cent and Infosys by 0.57 per cent.
Other losers included Bajaj Auto, DLF, HeroMotorCo, ICICI Bank, L&T, M&M, Maruti, SBI, Tata Steel and BH
The realty sector index suffered the most by losing 5.22 per cent to 1,671.28, followed by capital goods index by
per cent to 10,208.85. Banking index lost 2.02 per cent to 10,436.22 and auto index by 1.65 per cent to 8,808.55
Keywords: Sensex, BSE, Nifty, NSE
17-Nov-2011 5:10 AM
The Hindu : Business / Markets : Sensex down 107 points
1 of 1
Business Markets
Sensex down 107 points
PTI
The Hindu Stock brokers in Mumbai track the market. File photo
The Bombay Stock Exchange benchmark Sensex on Wednesday fell for the fifth straight session, losing 107 poin
amid weak corporate earnings and a roll-back in petrol pries, while a firm trend in European equities restricted
losses.
Capital goods, power and refinery stocks led the fall.
The Sensex, which had dropped 686 points in last four trading sessions, fell another 106.80 points to 16,775.87
after touching days low of 16,641.65. Intra-day, it touched a high of 16,878.30.
The capital goods segment was the major loser as biggest power-equipment maker BHEL fell after data showed
it missed capacity-addition targets.
Refiners led by Sensex heaviest Reliance Industries following government decision to reduce gasoline prices, ra
fears of a dent in their revenues.
The broad-based NSE index Nifty fell 38.05 points to 5,030.45, after dipping to 4,989.50 in early stage.
However, the falling trend was cushioned on gains as the cut in petrol prices might check falling the vehicle sale
M&M rose 1.89 per cent, Tata Motors by 0.47 per cent and Bajaj Auto by 0.78 per cent.
Of the 30 BSE stocks, 19 declined while 11 ended in the positive zone. The capital goods sector suffered the mos
down 3.88 per cent, followed by power index by 2.02 per cent.
The oil and gas index lost 1.27 per cent.
Keywords: sensex, markets, BSE
17-Nov-2011 5:11 AM
The Hindu : Business / Markets : Sensex tumbles 314 points to hit 6-week low
1 of 1
Business Markets
Sensex tumbles 314 points to hit 6-week low
PTI
The Bombay Stock Exchange benchmark on Thursday touched a 6-week low as it fell 314 points on selling in
blue-chips, triggered by Reliance Industries, amid a string of dampeners like below-expected corporate earning
and weak trend in global markets.
The Sensex, which had lost 793 points in the last five sessions, dropped further by 314.16 points to 16,461.71,
reaching a level last seen on October 7.
The heaviest on the Sensex Reliance Industries tumbled by 4.51 per cent as funds reduced their holding am
reduction in fuel prices.
A weak trend in the Asian region and lower opening in Europe on concerns over the persisting euro-zone debt c
worsened the sentiment.
The National Stock Exchange index Nifty dipped below the 5,000 mark, losing 95.70 points to 4,934.75.
Brokers said trading sentiment was low as quarterly earnings by many frontline companies have come under
pressure on account of high interest rates and input costs.
Besides, they added, Fitch has warned that it might reduce its stable rating outlook for US banks with large c
markets businesses because of fears of contagion effect from European crisis.
The oil and gas sector index suffered the most by losing 3.39 points to 8,298.32, followed by power index by 2.8
cent to 1,988.09. The metal index fell by 2.48 per cent to 10,571.16 and realty index by 2.40 per cent to 1,633.10.
Of the 30 Sensex stocks, 27 closed with losses while three ended higher.
17-Nov-2011 9:22 AM
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Despite posting a subdued performance on Friday, the markets were

pummeled this week as anxiety has ballooned that Europe's debt crisis
is rapidly sweeping through global economies.
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Today's Markets
52
The Dow Jones Industrial Average rose 25.4 points, or 0.22%, to

11,796, the S&P 500 fell 0.48 point, or 0.04%, to 1,216 and the Nasdaq
Composite slipped 15.5 points, or 0.6%, to 2,572.
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27.99
+0.70
151.68
+3.49
67.46
+1.37
After sustaining powerful selloffs in the past two sessions, trading was
relatively calm on Friday. Still, the broad S&P 500 slid 3.8%, the
Nasdaq tumbled 4% and the Dow shed 2.9% for the week. The Nasdaq
and S&P are also now down for the year, while the blue chips are still in
positive territory.
On the day, Hewlett-Packard (HPQ: 27.99, +0.70, +2.56%) and
Boeing (BA: 67.46, +1.37, +2.07%) jumped more than 2%, while sliding
Chevron (CVX: 97.88, -2.20, -2.20%) and Microsoft (MSFT: 25.30, 0.24, -0.94%) proved to be a counterbalance.
25.30
-0.24
97.88
-2.20
On a broader level, utilities, consumer-driven stocks and basic materials

shares also performed well. In particular, fertilizer makers, like CF
Industries (CF: 151.68, +3.49, +2.36%) posted big gains on an upbeat
note for Lazard.
http://www.foxbusiness.com/markets/2011/11/18/hopes-europe-will-take-actio...
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Page 2 of 4
Europe is Crumbling,
One Crisis at a Time
Technology shares were the worst-performing sector, pressuring the

tech-heavy Nasdaq. Indeed, technology heavyweight Microsoft
(MSFT: 25.30, -0.24, -0.94%) was one of the worst-performing Dow
components.
Show More
European 'Contagion' Fears Balloon, But Traders Hope for Action

Traders paid close attention to developments throughout on Europe's
deepening debt crisis throughout the week.
European officials have discussed the concept of having the European
Central Bank lend to the International Monetary Fund to give it the
requisite firepower to rescue large economies, like Italy, according to
multiple media reports. The ECB is the sole European institution that
has the power to create money, leaving it the best-poised to help some
of the continent's biggest economies that would require too much
funding for the types of bailouts that smaller countries like Greece have
received.
However, there are many political hurdles that could prevent such a
move, analysts say. The ECB has a single mandate: keep inflation at
the target level. The central bank technically isn't required to buoy the
economy, unlike, say, the U.S. Federal Reserve, which has a dual
mandate to keep both inflation and unemployment in check.
Additionally, major European countries, like Germany, have posed
strong opposition to the ECB getting involved more deeply in the crisis.
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Still, the central bank purchased Spanish and Italian debt in a bid to
keep yields under control, according to media reports. Both of those
countries are facing borrowing costs that are close to the levels Greece,
Ireland and Portugal had before requiring bailouts.
The euro jumped 0.35% to $1.351 on the news as traders hoped
Europe would take further steps to ease the crisis, falling from earlier
highs. Meanwhile, the U.S. dollar slumped 0.42% against a basket of
six world currencies.
Global policymakers, along with market participants, have been
concerned that the sovereign debt crisis that began in relatively small
economies with high public debt is beginning to materially affect much
larger ones by pushing up borrowing costs, which creates a perilous
feedback loop that increases the country's debt burden.
"Contagion has now happened," Louise Cooper, a senior analyst at
London-based BGC Partners said in an interview with FOX Business,
citing officials' inability to put a "firewall" around countries like Greece.
European blue chips were down 0.27%, shedding earlier losses.
Traders have also been paying close attention to energy markets,
where crude oil prices have been hovering about the $100 a barrel mark
for the first time in months.
The benchmark oil contract traded in New York skidded $1.41, or 1.4%,
to $97.41 a barrel. Wholesale RBOB gasoline slid 3 cents, or 1.1%, to
$2.47 a gallon.
19-Nov-2011
Page 3 of 4
Consumer gasoline prices have yet to be affected by the dramatic shift

in futures markets. A gallon of regular costs $3.38 on average
nationwide, down from the $3.44 drivers paid last week, but still well
higher than the $2.89 last year, according to the AAA Fuel Gauge
Report.
On the economic front, the Conference Board's leading economic
indicators gauge, aimed at forecasting future economic activity, rose
0.9% in October from the month prior -- notching a record high and
coming in three-tenths of one percentage point higher than economists
anticipated. This comes as yet another positive datapoint on the U.S.
economy that have helped economists overcome fears that America
may be headed for a double-dip recession.
Still, with Congress deadlocked on how to get the country's debt in
order, analysts remain only cautiously optimistic: "While domestic
economic risks have diminished, domestic political risks remain high," a
team of economists at IHS Global insight, led by Nariman Behravesh,
wrote in a note to clients.
U.S. government debt yields moved higher after falling in the prior
session. The benchmark 10-year note yields 2.017% from 1.965%.
Foreign Markets
European blue chips fell 0.27%, the English FTSE 100 fell 1.1% to
5,363 and the German DAX slumped 0.85% to 5,800.
In Asia, the Japanese Nikkei 225 slid 1.2% to 8,375 and the Chinese
Hang Seng sold off by 1.7% to 18,491.
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The Hindu : Business News : Sensex falls 7th session in a row; down 90 ...
1 of 1
Business
Sensex falls 7th session in a row; down 90 points
PTI
The Bombay Stock Exchange benchmark Sensex on Friday fell over 90 points, down for the seventh session in a
on continuing investor worries over slowing domestic growth and persistent euro zone debt crisis.
The Sensex, which had lost 1,107 points in last six sessions, fell further by 90.20 points, or 0.55 per cent to 16,3
Intra-day, it had lost 1.6 per cent before recovering some ground.
Similarly, the National Stock Exchange index Nifty fell 28.95 points, or 0.59 per cent to 4,905.80, after touchin
days low of 4,837.95.
Realty, FMCG, metal and auto sectors faced strong selling pressure amid slow growth and high interest rate
concerns.
Brokers said the benchmark dropped nearly 20 per cent this year and remained the worst performer among As
markets on heavy foreign funds outflow.
They said several stocks closed at 52-week lows.
A weak trend in the Asia and lower openings in Europe on deepening euro zone debt crisis further hit market
sentiment.
Weakening of the Indian rupee fell below Rs 51 per dollar but it did not lift the stocks of IT software services
exporters such as TCS and Infosys, which get more than half of their revenue from the U.S. and Europe.
The IT sector index fell 9.70 per cent to 5,614.13.
Of the 30 Sensex stocks, 18 closed with losses, while 12 ended in the positive zone.
Keywords: sensex, closing trade, BSE
19-Nov-2011 9:02 AM
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Congressional Super
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financial markets and sent traders scurrying into safe havens.
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Wall Street was pummeled on Monday, while recovering from the lows
of the session, as sovereign-debt anxiety cascaded through global
financial markets and sent traders scurrying into safe havens.
Today's Markets
The Dow Jones Industrial Average slid 249 points, or 2.1%, to 11,547,
the S&P 500 fell 22.7 points, or 1.9%, to 1,193 and the Nasdaq
Composite dropped 49.4 points, or 1.9%, to 2,523.
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After weeks of headlines on Europe's debt debacle driving global equity

markets, Wall Street's attention has once again shifted to Washington.
All 30 components ended the day in negative territory, knocking the blue
-chip index into the red for 2011 and to its lowest level in a month. The
S&P 500, which is more closely watched by market participants, sunk
under the 1,200 mark for the first time since October and fell beneath an
important technical resistance point.
Financial and industrial shares took the biggest hit, but no major sector
finished the day unscathed. Volatility rose 2.8% on Monday, while U.S.
Treasury yields slumped as traders raced out of equity markets. The
benchmark 10-year note yields 1.963% from 2.012%.
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In a sign of the breadth of the selling on Wall Street, roughly nine out of
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Dj Vu: Debt Panel Deadlocked
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A congressional Super Committee tasked with crafting a bi-partisan

solution to tackle the nation's mounting debt burden appeared stuck at a
stalemate with the deadline looming just days away. The 12-member
panel was mandated to craft the legislation as part a last-minute
agreement over the summer to raise the nation's debt ceiling, staving off
what could have been a costly default of American debt.
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A failure of the committee to enact the legislation will trigger $1.2 trillion
in Federal spending cuts that mostly take effect in 2013. Economists
say these cuts may be a substantial drag on the world's biggest
economy starting in that year, but the more immediate concern may be
to already jittery global financial markets that fear the political gridlock
will prompt another downgrade of American debt. Standard & Poor's
cut the country's top-notch rating over the summer, sparking a powerful,
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Analysts at Nomura warned clients in a note on Monday that the

markets' reaction this time around may be "difficult to predict," noting
that a "complete failure" may not be priced in, an indication that markets
across the world could be in for more selling if the effort totally
collapses.
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Still, the deep divide within the debt panel, and the ensuing indecision,
did not come as a complete surprise, many market participants say: The
"only surprising aspect to the selloff is that it hadnt already been
completely discounted," Ameriprise Chief Market Strategist David Joy
wrote in an e-mail.
Wall Street posted its worst weekly performance in nearly two months
last week, with the Dow shedding close to 3%, and the broader S&P
500 and Nasdaq tumbling nearly 4%.
Stocks Dive on Fears of

Debt Committee Failure
Trustee: MF Global
Shortfall Could Top $1.2B
Midday Market Report:

11/21
Market participants were also grappling with continued uncertainty on

Europe's debt crisis. Moody's warned on Monday that climbing debt
yields and a dimming economic picture could be negative for its outlook
on French debt. France is the euro zone's second-biggest economy
and one of the currency bloc's six triple-A rated nations.
Credit Suisse also issued a note to clients saying the currency bloc has
entered its "last days" as we know it, adding the European Union will
likely need to take "extraordinary" measures by early next year to keep
the crisis from imperiling even the continent's strongest banks.
The European Council is set to unveil a proposal for so-called euro
bonds, which would be joint euro zone debt issuance, according to a
report by The Wall Street Journal. Germany, the bloc's economic
powerhouse, has repeatedly rebuked such plans that are highly
unpopular from a political perspective in that country. The EC's plan is
yet another sign that Europe is struggling to contain its crisis that started
in its debt-laden periphery from striking at its core.
European blue chips plunged 3.2%, while the euro rose 0.02% to
$1.351.
Wall Street Shrugs Off Upbeat Data
Page 3 of 5
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prior. The National Association of Realtors said sales of previouslyoccupied, single-family homes jumped 1.4% to an annualized unit rate
of 4.97 million, topping expectations of a 2.2% decrease. Stocks were
little changed on the report.
The housing industry has been hit hard by a high supply of houses on
the market, stubbornly-low prices and still-tight lending conditions.
Energy markets were mixed despite big losses in equity markets. The
benchmark crude oil contract traded in New York slid $1.41, or 1.4%, to
$97.41 a barrel. Wholesale RBOB gasoline fell 1 cent, or 0.43%, to
$2.49 a gallon.
In metals, gold dropped $46.50, or 2.7%, to $1,679 a troy ounce.
Corporate News
Gilead Sciences (GILD: 36.26, -3.62, -9.08%) revealed plans to
acquire Pharmasset (VRUS: 134.14, +61.47, +84.59%) in a deal
valued at $10.4 billion. Gilead's $137 a share offer represents an 89%
premium to the viral-drug maker's closing price on Friday.
Alleghany (Y: 293.01, -21.25, -6.76%) is buying Transatlantic Holdings
(TRH: 54.84, +0.41, +0.75%) for $3.4 billion in cash and stock.
Foreign Markets
European blue chips plunged 3.2%, the English FTSE 100 fell 2.4% to
5,233, and the German DAX slid 3.2% to 5,505.
In Asia, the Japanese Nikkei 225 dipped 0.32% to 8,348 and the
Chinese Hang Seng slid 1.4% to 18,226.
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The Hindu : Business / Markets : Sensex tanks 425 points
1 of 2
http://www.thehindu.com/business/markets/article2647273.ece?homepage...
Business Markets
Sensex tanks 425 points
Special Correspondent
The Hindu Stockbrokers react as they monitor share prices at a brokerage firm in Mumbai. File photo
The Bombay stock Exchange (BSE) 30-share index, Sensex, dipped by 425.41 points to close below the 16000-m
on Monday due to a host of issues, including the European debt problems and the unresolved U.S. debt issue.
The Sensex closed at 15946.10 a fall of 2.60 per cent. Metal stocks led the fall with 3.46 per cent followed by ban
shares at 3.24 per cent. The broad-based National Stock Exchange's 50-share Nifty fell by over 125 points to 47
This was the eighth consecutive day of fall for the equities.
Markets began on a weak note on subdued global cues. However, selling gained momentum progressively
throughout the day. Key European markets were also trading lower by around 2 per cent, which added to the ov
selling pressure. There were also reports that the U.S. super committee has not been able to arrive at a consens
the deficit cutting plan, which made markets nervous. Further, the fall in India's GDP (gross domestic product)
growth is a major concern for investors in Indian equities. Bank of America Merrill Lynch has cut its India GDP
growth estimate for 2012-13 by 30 basis points to 7.2 per cent.
The sell-off was broad-based and the market breadth was highly negative. Among sectoral indices, metals, bank
realty and power utilities lost heavily. Among individual heavyweights, Bharti Airtel (on reports of CBI raids on
offices) and Reliance Industries were down 2 per cent each, said Dipen Shah, Head-Fundamental Research, Ko
Securities. In the next couple of days, focus will shift to the U.S., wherein the Super Committee' has to come up
a solution on deficit reduction by November 23 (Wednesday). If an acceptable decision is not reached, it may h
far-reaching consequences on the U.S. ratings.
PTI reports:
The Sensex has lost 1623.43 points or 9.24 per cent in eight straight sessions, destroying nearly Rs. 5.50 lakh cr
worth of investor wealth in the process.
Domestically, below-expected corporate earnings posted for the second quarter, high interest rate regime to co
inflation and lack of major policy initiatives have affected sentiment.
Keywords: BSE, NSE, Sensex, Nifty, euro zone crisis
21-Nov-2011 12:34 PM
Debt, Economic Fears Pound Wall Street; S&P Slumps for Sixth Day | Fo...
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Wall Street was haunted by the specter of Europe's debt crisis

poisoning major global economies, shoving the broad S&P into
the red for the sixth-straight session.
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11,258, the S&P 500 dipped 26.3 points, or 2.2%, to 1,162 and
the Nasdaq Composite slid 61.2 points, or 2.4%, to 2,460.
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-0.23
8.88
ALCOA INC.... -0.38

JPM
28.38
JPMORGAN
CHA...
-1.03
Wall Street has been fixated on the euro zone debt crisis,
which is increasingly becoming a global debacle. Indeed, the
broad S&P 500 fell for its sixth-straight day on Wednesday in a
sign that investors are growing wary of the rapid contagion.
(Daily Finance)
Germany,
France Clas
Over ECB's
Role in Euro
Crisis
World Stock
Fall Amid
Economic, E
Worries
Stocks Cap
Volatile Trad
Session in t
Red
Show M
On the day, financial, energy and materials shares sustained

the heaviest selling as a result of the European jitters. Indeed,
Bank of America (BAC: 5.14, -0.23, -4.28%) and Alcoaa (AA:
8.88, -0.38, -4.10%) were among the worst-performing blue
chips.
Volatility climbed 4.5% and yields on U.S. government debt fell
as traders fled equity markets. The yield on the benchmark
10-year U.S. Treasury note fell to 1.878% from 1.92%.
Meanwhile, the price to insure BofA's debt hit the highest level
since October, while the cost of insuring other banks' debt rose
23-Nov-2011 4:36 PM
3 of 6
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Blows Away
Estimates
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big U.S. banks
for Euro stress
An auction of German 10-year bonds was seen as dismal: the

country attempted to raise raise 6 billion euros but only
managed to drum up 3.889 billion euros, representing a 35%
shortfall. This was the worst demand ever for 10-year German
debt. The European Union's biggest economy had previously
been seen as a safe haven during the crisis, and this
development represents a dangerous development for the
crisis that is already in its second year.
"This is a warning shot to Germany" to do more to support the
17-member euro currency bloc, and calm jittery debt markets,
Kathleen Brooks, research director for FOREX.com, said in an
interview with FOX Business.
The yield on the 10-year German bund rose close to 2%, while
other euro zone countries saw borrowing costs continue to rise
as well. Of particular concern have been Italy and Spain -both of which have seen benchmark yields near the
closely-eyed 7% level.
Standard & Poor's warned on Wednesday that the euro zone
may face a recession if debt yields remain high, potentially
creating a feedback loop that can bring more pain to highlyindebted countries there.
European blue chips tumbled 1.9% while the euro plummeted
1.1% to $1.337 -- the lowest level since October.
Chinese Manufacturing Data Disappoint
Also concerning for market participants is a preliminary
reading of Chinese manufacturing data in November. The
Markit/HSBC Flash China Manufacturing gauge took its
swiftest fall since March 2009, showing manufacturing in the
world's second-biggest economy is now contracting. A
separate report showed the euro zone economy may contract
between 0.5% to 0.6% in the fourth quarter.
Market participants also parsed through a round of mixed data
on the U.S. economy.
New claims for unemployment benefits climbed to 393,000 last
week from a revised 391,000 the week prior. Economists had
expected claims to rise to 390,000 from an initially reported
388,000. The labor market has been slow to improve after
being slammed during the economy downturn.
23-Nov-2011 4:36 PM
4 of 6
Meanwhile, orders for long-lasting goods fell 0.7% in October

from the month prior, a shallower fall than the 1% decline
economists forecast. Excluding the transportation component,
orders were up 0.7% compared with estimates of no change.
These data figure directly into broader calculations of
economic growth.
Personal spending rose 0.1% in October from September, less
than the 0.4% economists had expected, while personal
income rose 0.4%, slightly higher than the 0.3% expected.
A final reading on consumer sentiment for the month of
November checked in at 64.1, slightly less than a preliminary
reading of 64.2 and below estimates of 64.5, according to a
survey by Thomson Reuters and the University of Michigan.
Still, sentiment in November is at the highest level since June.
The consumer portion of the economy is one of the most
important components, so these data can have a particularly
strong impact.
Commodities in the Red
Energy markets were in the red despite a mixed inventory
report from the Energy Department. The report was bullish for
oil yet bearish for gas. Crude inventories fell 6.2 million barrels,
compared with the 500,000 barrel build analysts expected. Oil
stocks jumped 4.5 million barrels much bigger than the 1.1
million barrel build that was predicted.
The benchmark crude oil contract traded in New York fell
$1.84, or 1.9%, to $96.17 a barrel. Wholesale RBOB gasoline
fell 4 cents, or 1.7%, to $2.52 a gallon.
Foreign Markets
European blue chips fell 1.9%, the English FTSE 100 slid 1.3%
to 5,140 and the German DAX tumbled 1.4% to 5,458.
In Asia, the Japanese Nikkei 225 fell 0.4% to 8,315 and the
Chinese Hang Seng plunged 2.1% to 17,864.
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Alabamas
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23-Nov-2011 4:36 PM
The Hindu : Business News : Sensex dips to over 2-year low; down 365 p...
1 of 1
Business
Sensex dips to over 2-year low; down 365 points on fund outflow
PTI
PTI The 30-share barometer, which opened 220 points lower, Sensex, fell 365.45 points to 15,699.97, a level seen on Novemb
2009. File photo
The Bombay Stock Exchange benchmark Sensex on Wednesday dropped to more than two-year low, down 365
points, as investors squared positions ahead of the monthly settlement in derivative contracts amid heavy fund
outflows and weak global markets.
Sensex, which gained 119 points on Tuesday, fell 365.45 points to 15,699.97 level seen on November 3, 2009.
had touched a low of 15,478.69 before the partial recovery. Before Tuesdays gain, the market had lost nearly 10
cent in eight straight sessions.
The broad-based National Stock Exchange index Nifty tumbled 105.90 to 4,706.45, after touching 4,640.95.
Brokers said investors sold heavily while clearing pending positions ahead Thursdays settlement in this month
derivative contracts and weak cues from Asian and European equities markets.
IT, industrial and financial stocks led the slide on weak global trend as the U.S. economy expanded at a rate bel
market expectations during the third quarter, they added.
The overall market fall was cushioned somewhat as shares of telecom operator RCom and real estate firms DB
Realty and Unitech recovered after the Supreme Court granted bail to their executives in the 2G spectrum case.
Keywords: BSE, NSE
23-Nov-2011 8:10 AM
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Wall Street succumbed to heavy selling led by energy shares,

sliding for the third-straight day, as commodities across the
board nose dived.
Share
Comments (5)
Today's Markets
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Share
The Dow Jones Industrial Average skidded 131 points, or

1.1%, to 11,823, the S&P 500 fell 13.9 points, or 1.1%, to 1,212
and the Nasdaq Composite dipped 40 points, or 1.6%, to
2,539.
Energy stocks took a beating on the day on the back of a rout in
commodities markets. However, Caterpillar (CAT: 87.00,
-3.98, -4.37%), the heavy-machinery behemoth, actually
performed the worst out of the Dow components. Chevron's
(CVX: 100.53, -3.09, -2.98%) losses were amplified after
Brazilian authorities asked the energy company to suspend
activities in the country in the wake of an oil spill last month.
Transocean (RIG: 40.19, -1.65, -3.94%) was involved in the
suit as well.
Despite the heavy selling, blue chips Pfizer (PFE: 20.86,
+0.10, +0.48%), Travelers (TRV: 55.97, +0.04, +0.07%) and
Wal-Mart (WMT: 57.65, +0.05, +0.09%) ended higher. Verizon
(VZ: 38.26, 0.00, 0.00%) was unchanged.
The Dow has shed some 361 points, or 2.96%, in the steepest
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three-day decline since late last month. The broader S&P 500
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Commodities Rout
The leading crude oil contract tumbled $5.19, or 5.2%, to
$94.95 a barrel -- the biggest drop since September. Crude is
still up by nearly 4% for the year, but is off 5.4% in what has
been a rocky trading month. Wholesale RBOB gasoline dipped
4.6% to $2.50 a gallon.
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Crude inventories fell 1.93 million barrels last week according

to the Energy Department, compared to an expected 2 million
barrel draw. Gas stocks, meanwhile, climbed 3.82 million
barrels, larger than the forecast 1.7 million-barrel build. The
Organization of Petroleum Exporting Countries has agreed on
a 30 billion barrel per day cap on oil output that would include
all 12 members of the cartel.
Gold dropped $76.20, or 4.6%, to $1,587 a troy ounce. Gold's
loss was the biggest since September and the fourth-steepest
dive on record on a dollar basis. The precious metal has now
shed $128.50, or 7.5%, in the past three sessions alone, and is
down close to 10% for the month. However, the metal is still up
11.5% for the year.
Copper, a closely-eyed industrial metal, slid 4.6% to $3.29 a
pound.
Europe Still in Focus
Headlines from Europe have been a major factor in financial
markets' gloomy sentiment. Traders have been paying
especially close attention to bond auctions amid worries major
economies, such as Italy, the eurozone's third biggest, may end
up paying painfully-high borrowing costs on the private
market.
Italy sold 3 billion euro of five-year bonds at 6.47% -- a
euro-era high -- and nearly 20 basis points higher than it had to
pay at its last offering for the same notes. Italy has to refinance
a substantial level of debt next year, and if it is unable to do so
on the private markets at reasonable rates, it may require a
rescue, analysts say. The country's benchmark 10-year note
presently yields 7.09%, above the psychologically important
7% mark.
Also on the European front, a German consultancy trimmed its
expectations of the country's 2012 economic output, raising
concerns that Europe's economic powerhouse isn't immune to
15-Dec-2011 8:26 AM
4 of 6
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headwinds from the debt crisis. The Ifo institute expects the
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October.
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The euro is trading at the lowest level since January, and

continuing to trend lower. The common currency recently fell
0.32% to $1.2989. The greenback, meanwhile, rose 0.59%
against a basket of six world currencies. European stocks fell
2.4%.
Will Gold, Oil

Continue Their
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On the economic front, import prices climbed for the first time
since July in November, led by a 3.6% jump in the cost to
import petroleum prices. Overall, import prices rose 0.7%, a
smaller gain than the 0.9% increase economists expected,
while export prices gained 0.1%, also slimmer than the 0.3%
forecast. As compared to last year, import prices have soared
9.9%, while export prices have risen 4.7%.
Investors bought U.S. Treasuries, knocking yields lower. The
benchmark 10-year note yields 1.908% from 1.969%.
Foreign Markets
European blue chips fell 2.4%, the English FTSE 100 dipped
2.3% to 5,367 and the German DAX fell 1.7% to 5,675.
How Investors
Can Weather the
Stormy Markets
In Asia, the Japanese Nikkei 225 slipped 0.39% to 8,519 and

the Chinese Hang Seng slumped 0.5% to 5,696.
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15-Dec-2011 8:26 AM
The Hindu : Business / Markets : Sensex tumbles by 223 points to three-w...
1 of 2
Business Markets
Sensex tumbles by 223 points to three-week intra-day low
PTI
The Hindu A stock broker reacts at a brokerage firm in Mumbai. File photo
The BSE benchmark Sensex tumbled by 223 points to a nearly three-week intra-day low of 15,658.16 in early tra
on Thursday due to persistent selling pressure amid sustained foreign fund capital outflows and weak Asian cu
The 30-share Sensex resumed lower at 15,739.05 and hovered in a range between 15,795.84 and 15,655.64 befor
quoting at 15,658.16 at 1015 hours, a net loss of 222.98 points, or 1.40 per cent, from its previous close.
The NSEs 50-share Nifty index was also down by 62.65 points, or 1.32 per cent, to 4,700.60 at 1015 hours.
Metal stocks declined after data showed that Chinese manufacturing activity continued to contract in Decembe
2011, with Sterlite Industries, Hindustan Copper, Steel Authority of India (Sail) and JSW Steel hitting 52-week
The major losers in early trade were Bharti Airtel (down 3.97 per cent), Hindalco Industries (3.69 per cent), Ma
(3.47 per cent), Larsen (3.06 per cent), BHEL (2.94 per cent) and Sterlite Industries (2.88 per cent).
Foreign institutional investors (FIIs) sold shares worth Rs 140.13 crore yesterday, as per provisional data from
stock exchanges.
Asian stocks fell for a third day today as the latest data on manufacturing activity in China and Japan highlight
weak conditions in Asias two largest economies even as growing funding stress in Italy stoked concerns that Eu
is losing its fight to contain the debt crisis.
The key benchmark indices in China, Hong Kong, Indonesia, Japan, Singapore, South Korea and Taiwan were
by between 1.03 per cent and 1.84 per cent.
Keywords: BSE, NSE, Sensex, Nifty, Rupee value
Like
Send
Tweet 8
0
1
15-Dec-2011 8:32 AM
The Hindu : Business / Markets : Sensex tumbles to two-year low despite...
1 of 2
Business Markets
Sensex tumbles to two-year low despite RBIs pause in rate hike
PTI
PTI Marketmen said investors were expecting RBI to lower it from 6 per cent to infuse liquidity in the market. File photo
Erasing initial gains, the Bombay Stock Exchange benchmark Sensex today fell to 2-year low, losing 345 points
RBI expressed concerns over growth but did not ease liquidity, although it paused lending rate hike.
Initially, Sensex gained nearly 150 points but fell sharply to end with a loss of 345.12 points, or 2.18 per cent to
15,491.35, a closing levels last seen on November 3, 2009.
Similarly, the broad-based National Stock Exchange index Nifty lost 92.75 points to 4,651.60.
The last hour selling followed the Reserve Banks raising flag on growth concerns, but left Cash Reserve Ratio (C
unchanged. Marketmen said investors were expecting RBI to lower it from 6 per cent to infuse liquidity in the
market.
Growth is clearly decelerating. This reflects the combined impact of several factors the uncertain global
environment, the cumulative impact of past monetary policy tightening and domestic policy uncertainties, the
said in monetary policy review.
After raising lending rates 13 times since March 2010 to tame inflation, RBI finally put a pause on the hike whic
was a market positive, they added.
Reliance Industries, Sensex heavyweight, lost 3.43 per cent and L&T, 5.33 per cent. State Bank of India was dow
3.67 per cent and Sterlite Industries, 4.28 per cent.
Others losers included BHEL, Coal India, DLF, HDFC Bank, Hero MotoCorp, ICICI Bank, TCS, Tata Steel and
Power.
All the 13 sectoral indices ended with losses of up to 4.36 per cent, while 27 of the 30 Sensex stocks closed with
losses.
Keywords: share markets, stock markets
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16-Dec-2011 9:12 AM
The Hindu : Business News : Sensex down 204 points on weak rupee, glo...
1 of 1
Business
Sensex down 204 points on weak rupee, global cues
PTI
PTI Sensex fell for the fifth straight day to touch a new 28-month low.
The Bombay Stock Exchange benchmark Sensex on Tuesday fell for the fifth straight day to touch a new 28-mo
low by losing 204 points on sustained selling by funds amid slowing economic growth and weakening rupee.
The BSE 30-scrip index, which had lost over 623 points in last four sessions, fell another 204.26 points or 1.33
cent to 15,175.08, the level last seen on August 20, 2009.
The broad-based NSE index Nifty fell 68.90 points or 1.49 per cent to 4,544.20.
The downtrend was led by index heavyweights RIL, Infosys as well as stocks of capital goods, metals and realty
Reliance Industries lost 3.03 per cent and Infosys 0.25 per cent.
Brokers said investors were concerned over the slowdown in the economy and the falling rupee, which has decl
to Rs 53.03 per US dollar from Rs 45 a few months ago, making imports costly.
Globally, the markets were mixed.
L&T dropped 5.14 per cent to its lowest close since May 15, 2009. Tata Motors was down 2.79 per cent, Jaiprak
Associates fell 7.26 per cent and Tata Steel by 5.27 per cent.
The capital goods sector suffered the most by falling 3.50 per cent to 7,848.99, followed by the metals index 3
per cent to 9,275.13. The realty index fell 2.71 per cent to 1,367.39.
Keywords: Bombay Stock Exchange
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Banks Selloff Dashes Hopes for Santa

Claus Rally; Dow Drops 100
Written By Matt Egan
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REUTERS

Hopes for the start of a bullish Santa Claus rally were shattered on
Monday as renewed jitters about the prospects for financial stocks like
Bank of America sent the Dow careening 100 points lower and the
Nasdaq Composite slumping 1.3%.
Today's Markets
The Dow Jones Industrial Average fell 100.13 points, or 0.84%, to
11766.26, the Standard & Poor's 500 lost 14.31 points, or 1.17%, to
1205.35 and the Nasdaq Composite sank 32.19 points, or 1.26%, to
2523.14.
Without any major economic reports on the agenda, U.S. markets were
focused on the ugly selloff in the financial sector and a number of global
events, including the death of North Korean leader Kim Jong Il.
Typically investors can look forward to a Santa Claus rally during the
last two weeks of December thanks to low trading volumes ahead of the
holiday and maneuvering by portfolio managers before year end.
However, Monday's losses leave the Dow in the red for the fifth time in
the last six sessions and add to last week's 2.6% tumble.
http://www.foxbusiness.com/markets/2011/12/19/banks-selloff-dashes-hopes-f... 20-Dec-2011
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Page 3 of 4
plunged as much as 4.4% before settling down 3.4% at a four-week low.

Likewise, markets in Japan and Hong Kong closed sharply lower.
In the commodities market, crude oil fell 35 cents a barrel, or 0.37%, to
$93.88. Gold declined $1.20 a troy ounce, or 0.08%, to $1,594.40.
Corporate Movers
Winn-Dixie (WINN: 9.24, +3.81, +70.17%) reached a $530 million deal
to be sold to fellow Southeastern supermarket owner BI-LO. The deal is
worth $9.50 a share, representing a lofty 75% premium on Winn-Dixies
Friday close.
AT&T's (T: 28.74, -0.11, -0.38%) efforts to sell T-Mobile assets to
placate regulators have gone cold, casting further doubt on the $39
billion deal, the Journal reported. Alternatives to a full-blown merger
such as a joint venture to share network technology or a minority stake
appear more likely, the paper reported.
Xilinx (XLNX: 30.61, -0.60, -1.92%) slashed its fiscal third-quarter sales
guidance, projecting a 9% to 12% drop due to a decline in large
customer business. Previously, the company projected a reduction of
3% to 8%.
Global Markets
The British FTSE 100 fell 0.41% to 5364.99, Frances CAC 40 gained
0.06% to 2974.20 and Germanys DAX lost 0.54% to 5670.71.
In Asia, Japans Nikkei 225 slumped 1.26% to 8296.12, while Hong
Kongs Hang Seng declined 1.18% to 18070.20.
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The Hindu : Business / Markets : Sensex slips 146 points
1 of 1
Business Markets
Sensex slips 146 points
PTI
Continuing its year-end downslide for the second day in a row, the stock market today lost further ground with
146-point fall in the barometer Sensex amid weakness in blue-chips like RIL, ICICI Bank and SBI.
The 30-share benchmark index settled with a 146.10 points or about 0.92 per cent fall at 15,727.85 points.
The National Stock Exchanges 50-share Nifty index also dropped 0.94 per cent or 44.70 points to close at 4705
Among the heavyweights, ICICI Bank, Reliance Industries Ltd (RIL), ITC, SBI and HDFC were among the majo
losers, even as IT giant Infosys and publicsector majors NTPC and BHEL managed to buck the trend and
registered gains.
Among the 30 Sensex stocks, Jindal Steel was the biggest loser with a fall of over 7 per cent, while ICICI Bank fe
about 4 per cent.
SBI, Wipro, M&M and Hindalco lost over two per cent each, while RIL was down 1.95 per cent.
Stocks said that banking stocks are being hit on concerns that the bad loans might be increasing due to slowdow
the economic growth.
The stocks that managed to gain ground in a weak market also included Tata Power, Cipla, DLF and Coal India
Among the sectoral indices, metal, banking, energy, auto and FMCG segments were among the worst-hit, while
indices for power and capital goods sectors were the only two gainers.
The stock market has been trading mostly with a downward bias so far in December, although the last month o
year has traditionally been a strong period.
Keywords: sensex, BSE, closing trade
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Oil prices fell as well after rallying to the highest level since midNovember on Tuesday after Iran threatened to cut off the flow of oil
through a key shipping channel in the Gulf. The benchmark crude oil
contract traded in New York slid $1.98, or 2%, to $99.36 a barrel.
Wholesale RBOB gasoline fell 1.4% to $2.651 a gallon.
Energy and basic material shares fell sharply as a result. Financial and
industrial stocks took a hit on the day as well. Indeed, out of the blue
chips, Bank of America (BAC: 5.28, -0.20, -3.56%), aluminum giant
Alcoa (AA: 8.52, -0.27, -3.07%), and Caterpillar (CAT: 89.37, -2.18, 2.38%), the biggest American heavy machinery maker, fell the most.
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Market participants were also focusing on Europe with no major U.S.

economic reports on tap for the day.
Italy paid 3.251% to sell roughly $11.8 billion in six-month bonds at its
auction on Wednesday, representing a steep drop from the 6.504% it
paid at a similar offering in November. Demand was also relatively
strong, meaning investors are moving back into the beleaguered
sovereign debt market.
The country has an auction of long-term bonds slated for Thursday that
is expected to be closely watched on Wall Street. There have been
worries that as traders have fled the European sovereign debt
marketplace, borrowing costs will continue spiking and potentially
shoving borrowing rates well above sustainable levels.
The benchmark 10-year Italian note presently yields 6.79% -- which is
elevated, but well off of euro-era highs above the 7% threshold.
Foreign Markets
European blue chips fell 1.5%, the English FTSE 100 edged lower by
0.1% to 5,507, and the German DAX slumped 2.1% to 5,771.
In Asia, the Japanese Nikkei 225 fell 0.2% to 8,424 and the Chinese
Hang Seng dipped 0.59% to 18,519.
28-Dec-2011
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28-Dec-2011
The Hindu : Business / Markets : Sensex extends losses, down 72 points i...
1 of 1
Business Markets
Sensex extends losses, down 72 points in opening trade
PTI
The BSE benchmark Sensex extended its losses for the third consecutive session on Thursday losing over 72 po
in opening trade on sustained selling by funds amid a weakening trend on other Asian bourses.
The 30-share Sensex, which has lost almost 243 points in the past two trading sessions, fell further by 72.57 po
or 0.46 per cent, to 15,655.28 in the first five minutes of trade today.
In a similar fashion, the wide-based National Stock Exchange Nifty index declined by 19.20 points, or 0.41 per
to 4,686.60. Banking, IT, metal and realty stocks led the fall.
Brokers said sustained selling by funds amid a weakening trend on other Asian bourses in tandem with overnig
losses in the US mainly influenced the trading sentiment.
In the Asia region, Hong Kongs Hang Seng index fell by by 1.21 per cent and Japans Nikkei index by 0.73 per c
in morning trade today. The US Dow Jones Industrial Average ended 1.14 per cent lower in Wednesdays trade.
Keywords: Sensex opening trade
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29-Dec-2011 5:37 PM
Biggest drop of year for Dow as US market slumps - Yahoo! News
1 of 2
http://news.yahoo.com/biggest-drop-dow-us-market-slumps-160406078.html
By JOSHUA FREED | Associated Press Tue, Mar 6, 2012
Stocks suffered their biggest losses of the year Tuesday as a sell-off spread west from Europe ahead of a critical deadline in
the Greek debt crisis. The Dow Jones industrial average fell more than 200 points.
The Dow has not closed down more than 100 points this year, and its biggest one-day decline had been 159 points, on Jan.
13. It fell sharply from the opening bell Tuesday and was down as much as 208.
Just before 1 p.m. EST, the Dow was down 199 points, or 1.5 percent, at 12,763. The Standard & Poor's 500 index was down
20 points at 1,344, and the Nasdaq composite index was down 43 points at 2,908.
Stocks fell more than 3 percent in Germany, Spain and France, and 1.9 percent in Britain. Thursday is the deadline for
private investors to sign up to swap their Greek government bonds for replacements with a lower face value and interest
rate.
Major banks and investment funds have signed on for the swap, but it remains unclear whether hedge funds, which had
already bought the bonds at a steep discount and may profit from bond insurance payouts if Greece defaults, will agree.
The swap is vital for Greece to cut its debt and get a bailout of 130 billion, or $172 billion, from other countries and the
International Monetary Fund. Without the bailout, Greece could default on its debt later this month and rattle markets
around the world.
In the U.S., worries about Greece come on top of concerns about a recession in Europe and slowing economic growth in
China. Some investors also believe the rally in U.S. stocks this year the Standard & Poor's 500 is up almost 7 percent
has come too far too fast.
The Dow has not closed down 100 points in 45 straight trading sessions, the longest streak since 2006. On Tuesday, all but
one of the 30 stocks that make up the average, Kraft Foods, declined as the Dow appeared ready to break the streak.
Caterpillar, which makes heavy equipment and depends heavily on China for profits, fell 4.2 percent, the worst of the Dow
30. All 10 industry groups in the S&P 500 were lower, with materials stocks and banks leading the decline.
Bill Stone, chief investment strategist for PNC Wealth Management, called Tuesday's decline "fairly rational," considering
how much the market has climbed and the economic worries in Greece and the rest of Europe.
"You need the pullback to give people opportunities to want to get involved again," Stone said.
Oil prices slipped $1.71 to $105.01 per barrel on the New York Mercantile Exchange. New York crude has risen from $96
last month amid fears of a disruption in global oil supplies driven by the potential for military conflict with Iran.
The price of gold fell $36 per ounce, or 2.1 percent, to $1,668 per ounce. Silver, platinum and copper all fell more than 2
percent, because of concerns about Europe and weaker economic demand in China.
"Global growth fears now are hitting home, and we're seeing selling across the board," said Matt Zeman, a market analyst
for Kingsview Financial.
Yields on U.S. government debt also fell as investors moved their money into what they perceive to be a safer asset. The
yield on the benchmark 10-year Treasury note fell to 1.94 percent from 2.01 percent late Monday. Bond yields fall when
their prices rise.
19-Apr-2012 7:26 PM
Biggest drop of year for Dow as US market slumps - Yahoo! News
2 of 2
http://news.yahoo.com/biggest-drop-dow-us-market-slumps-160406078.html
Among stocks making big moves:

Weight loss company Nutrisystem Inc. fell 11 percent after it reported a bigger-than-expected fourth-quarter loss and a
disappointing outlook.
General Motors fell 5.5 percent after saying it will pay 304 million, or $402 million, for a 7 percent stake in Peugeot,
which will make it the French carmaker's second-largest shareholder after the Peugeot family.
VeriFone Systems Inc. rose 5.4 percent after the maker of electronic payment systems predicted a bigger-than-expected
2012 profit.
Apple fell 1.1 percent one day before the expected release of its iPad 3 tablet computer.
___
AP Business Writer Sandy Shore contributed to this story.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Copyright 2012 Yahoo! Inc. All rights reserved. | Yahoo! - ABC News Network | /
19-Apr-2012 7:26 PM
Stocks: A brutal day in an otherwise solid year - Mar. 6, 2012
Page 1 of 2
Stocks: Worst day of 2012

By Ben Rooney @CNNMoneyMarketsMarch 6, 2012: 4:49 PM ET
Click for more market data.
NEW YORK (CNNMoney) -- Investors took a big step back Tuesday, but stocks have had a pretty strong year so far, so the
retreat isn't ringing any alarm bells.
"You're still seeing echoes of the risk-on-risk-off trade," Jonathan Lewis, chief investment officer at Samson Capital
Advisors. "But I would offer that all investors are doing is restructuring and rebalancing portfolios."
Since the start of the year, stocks have slowly and steadily made their way toward their highest levels since 2008, helped
along by the U.S. economy's steady improvement.
While March has not been a good month so far, the Dow is still up 4.4% for the year. The S&P 500 has gained nearly 7%
and the Nasdaq is up 11.7% year to date.
Stocks were pressured Tuesday by weaker economic data out of Europe and rising yields on euro-area government bonds,
said Lewis.
The Dow Jones industrial average ( INDU) fell 207 points, or 1.6%, to end at 12,759. That marks the worst day for the
index since Dec. 8, when it fell 1.63%. Today also marks the first time the Dow has suffered a triple-digit loss in 45 days.
Financial stocks were among the hardest hit, with Bank of America ( BAC, Fortune 500) and JPMorgan Chase ( JPM,
Fortune 500) both down about 3%. The only Dow component showing a modest gain was Intel ( INTC, Fortune 500).
The S&P 500 ( SPX) fell 21 points, or 1.5%, to 1,343. The Nasdaq ( COMP) sank 40 points, or 1.4%, to 2,910. Both
indexes suffered the worst one-day performance so far this year.
Gas prices: If you can't beat 'em, join 'em
Meanwhile, investors are wary of political tension between Iran and Israel, which has driven oil and gas prices sharply
higher, said Mark Martiak, senior wealth strategist at Premier Financial Advisors.
"It's more based on what's going on globally," said Martiak, pointing to unresolved debt issues in Europe and signs of
slowing economic growth in China.
U.S. stocks finished in the red Monday, after China lowered its annual growth target.
Investors are also keeping an eye on Greece, where private-sector bondholders need to officially agree to a crucial
restructuring of the nation's debt this week. If bondholders do not sign on in sufficient numbers, Greece's bailout could be in
jeopardy and the nation could face a hard default.
BlackRock president: Why I'm in blue chips
http://money.cnn.com/2012/03/06/markets/stocks/index.htm
19-Apr-2012
Stocks: A brutal day in an otherwise solid year - Mar. 6, 2012
Page 2 of 2
Analysts say markets are still poised to move higher, given the recent improvement in U.S. economic data, although trading
could remain choppy.
"There's a lot of uncertainty in the market," said Martiak.
World markets: European stocks closed in the red. Britain's FTSE 100 ( UKX) dropped 1.9%, the DAX ( DAX) in
Germany shed 3.4% and France's CAC 40 ( CAC40) lost 3.6%.
Economic growth in the European Union contracted 0.3% in the fourth quarter, according to the second estimate from
Eurostat, the EU statistics agency. That's compared with third-quarter growth of 0.1% in the eurozone and 0.3% in the EU.
Asian markets ended lower. The Shanghai Composite ( SHCOMP) closed down 1.4%, while the Hang Seng ( HSI) in
Hong Kong lost 2.2% and Japan's Nikkei ( N225) fell 0.6%.
It was the second day of declines on Chinese Premier Wen Jiabao's lower target for China's economic growth -underscoring the need to make the country's breakneck development more sustainable.
Economy: Investors will be on edge leading up to a big news day on Friday, when the February jobs report will be
released. Also coming later this week are reports on consumer credit, productivity and the U.S. trade balance.
Companies: After the market closed, Internet radio station Pandora reported quarterly earnings and profits that missed
analysts expectations. Shares fell 14% in extended trading.
Shares of Chesapeake Energy ( CHK, Fortune 500) fell after the company announced a partnership with KKR ( KKR,
Fortune 500) to invest in mineral interests and royalties in key domestic oil and gas basins.
Online jobs search firm Monster Worldwide ( MWW)'s shares spiked after the company announced it had retained Stone
Key Partners and BofA Merrill Lynch to review "strategic alternatives."
While the company did not reveal its specific plans, hiring bankers to pursue alternatives often means a potential sale or
spin-off.
Dick's Sporting Goods ( DKS, Fortune 500) reported quarterly earnings of 88 cents a share on $1.6 billion in revenue,
matching analysts' estimates.
Shares of weight-loss company Nutrisystem ( NTRI) plunged 10% after the company said late Monday it expects earnings
and sales growth to be below analysts' forecasts this year.
Shuffle Master ( SHFL), a gaming supplier, announced plans Monday to acquire online poker company Ongame Network.
The Las Vegas-based company also reported strong earnings and sales growth for the first quarter.
Currencies and commodities: The dollar strengthened against the euro and the British pound, but dropped versus the
Japanese yen.
Oil for April delivery slipped $2.02 to end at $104.70 a barrel.
The national average price for a gallon of gasoline eased Tuesday, dropping three-tenths of a cent to just above $3.76 a
gallon, after pushing higher for 27 straight days.
Gold futures for April delivery fell $31.80 to $1,672.10 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury rose, pushing the yield down to 1.94% from 2% late
Wednesday.
First Published: March 6, 2012: 9:43 AM ET
2012 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices
19-Apr-2012
U.S. Stocks Fall To Session Lows; Dow Off 200 Pts | Fox Business
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U.S. stocks fell to session lows Tuesday as a selloff -spurred by worries over Greece's pending debt exchange and global
growth -- deepened. Resource sectors, which are closely tied to China's
expansion, fell the hardest. The Dow Jones Industrial Average was off
202 points, on track for its first decline of more than 200 points since
November 23. Caterpillar, Inc. and Alcoa, Inc. shares led declines for all
of its 30 components except for Kraft Foods Inc. . The S&P 500 dropped
22 points, or 1.6%, to 1,342.49. Natural-resource stocks, financials and
industrials led declines which spread across all 10 S&P 500 subsectors.
The Nasdaq Composite fell 47 points, or 1.6%, to 2,904.
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The key domestic benchmarks ended on a

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BSE SENSEX closed at 17145.52 down by 27.77 points or by 0.16 % and then NSE Nifty
ended at 5220.45 down by 1.95 points or by 0.04 %. The BSE MIDCAP closed at 6196.55
down by 4.92 points or by 0.08 %, while the BSE SMLCAP ended at 6659.37 down by
40.82 points or by 0.61 %. The BSE Sensex touched intraday high of 17239.35 and
intraday low of 17008.77 The NSE Nifty touched intraday high of 5243.85 and intraday low
of 5171.45.
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The weak closing of the US markets on Tuesday weighed heavily on domestic sentiment
during morning trade. On Tuesday, the Dow Jones Industrial lost 203.66 points and closed
at 12759.15. The S&P 500 lost 20.97 points and closed at 1343.36 and the Nasdaq closed
at 2910.32, losing 40.16 points over the previous day's closing. Soon after witnessing a gap
down opening, the domestic benchmarks slipped further amid weak Asian market cues.
Asian markets fell on for a third straight day on Wednesday amid rising worries that the
Greek debt swap may fail, dampening the demand for risky assets. The deadline to accept
the Greek debt swap offer expires on Thursday. If the nation's private lenders choose not to
accept the offer, the country will head towards a catastrophic default. Moreover, the less
than expected growth of the Australian economy last quarter also weighed on sentiment.
On the domestic front, the loss of the UPA in the UP state elections also weakened
sentiment as investors bet that a change of regime may put key reforms such as allowing
FDI in retail on the backburner. The domestic benchmarks rebounded into the positive
terrain but the recovery only lasted for a brief period with underlying sentiment remaining
sluggish. The benchmarks slipped back into the negative terrain and traded below the
baseline during afternoon trade. The domestic benchmarks slumped to the day's low but
pared some losses as strong trade in European stocks improved sentiment. Finally, the
benchmarks ended on a marginally negative note, with the Sensex shedding 0.16%.
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Post Session:
Another day in red
for Indian markets
/LNH
Election blues
over; markets end
flat
/LNH
Mid Market-Sensex
slips into negative
terrain amid weak
/LNH
Out of the 30 Sensex stocks, there were 13 advances and 17 declines. The Market breadth,
indicating the overall health of the market, was weak. On BSE out of total shares traded
3539, shares advanced were 1154 while 1743 shares declined and 642 were unchanged.
On the sectoral front, Metal and Oil & Gas were the major laggards, shedding 1.51% each.
The top losers of the BSE Sensex pack were Sterlite Industries (India) Ltd. (Rs.
109.35,-3.95%), NTPC Ltd. (Rs. 170.15,-2.41%), Reliance Industries Ltd. (Rs.
761.45,-1.94%), Bharti Airtel Ltd. (Rs. 329.55,-1.91%), Bharat Heavy Electricals Ltd. (Rs.
270.90,-1.85%), among others.
In BSE, BSE Metal index was at 10984.66 down by -168.9 points or by -1.51%. Sterlite
Industries (India) Ltd. (Rs. 109.35,-3.95%), Hindustan Zinc Ltd. (Rs. 127.40,-3.45%), Sesa
Goa Ltd. (Rs. 192.65,-2.82%), JSW Steel Ltd. (Rs. 695.15,-2.13%), Jindal Steel & Power
Ltd. (Rs. 536.25,-1.78%).
On the Asian front, Shanghai Composite ended down 0.65%, Hang Seng shed 0.86% and
Nikkei 225 ended down 0.64%.
On the European front, CAC 40 was up 0.76%, DAX was up 0.41% and FTSE 100 was
trading higher by 0.26%.
Dion Global Solutions Ltd
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24-Apr-2012 12:11 AM
Stocks close down on global growth jitters - Mar. 22, 2012
Page 1 of 2
Stocks fall on global growth jitters

By Maureen Farrell @CNNMoneyMarkets March 22, 2012: 4:28 PM ET
Click chart for more markets data.
NEW YORK (CNNMoney) -- U.S. stocks fell Thursday, as investors were rattled by worries of a global growth slowdown.
Both China and Germany reported soft manufacturing data, which caused jitters to pulse through the markets throughout
the trading day.
Signs of a continued resurgence of employment in the United States couldn't help investors shake the funk. The number of
Americans filing for unemployment claims hit a 4-year low.
The Dow Jones industrial average ( INDU) shed 78 points, or 0.6%. The S&P 500 ( SPX) lost 10 points, or 0.7%. The
Nasdaq ( COMP) dropped 12 points, or 0.4%.
Commodities also dropped sharply, as investors feared how a global slowdown might affect consumer and industrial
demand.
Copper and oil fell about 2%. All 10 Dow sectors were down, with oil and gas producers, including Chevron ( CVX,
Fortune 500) and Exxon ( XOM, Fortune 500), among the biggest decliners. Caterpillar ( CAT, Fortune 500) and Alcoa
( AA, Fortune 500) were also big drags on the blue chip index.
Still, traders say volumes have been abnormally low this week, indicating that investors don't have strong convictions about
the direction of the market.
"We're in that deadzone between earnings right now," said Douglas DePietro, head of equity trading at Evercore, referring
to the fact that quarterly corporate results are several weeks away. "The market is pretty listless this week."
Stock market's next hurdle: Peak Earnings
Early Thursday, a reading on Chinese manufacturing compiled by HSBC showed the index hit a four-month low in March.
The new reading came in at 48.1, down from 49.6 in February.
A reading below 50 indicates the sector is contracting, and HSBC said that a significant drop in new orders acted as the
primary drag on manufacturing. Reflecting a broader slowdown, China lowered its growth target and hiked gasoline prices
in recent weeks.
A reading on manufacturing activity in Germany showed the eurozone stalwart also hit a soft patch in March, as the sector
registered only a marginal expansion.
U.S. stocks faltered Wednesday, after the latest report on existing home sales damped enthusiasm about the economy.
19-Apr-2012
Stocks close down on global growth jitters - Mar. 22, 2012
Page 2 of 2
Overall, stocks have been supported this year by rising hopes for the U.S. economy and easing concerns about the debt
crisis in Europe. But given the strength of the recent rally, analysts say a period of uneven trading is to be expected.
So far this year, the Dow is up 7%, the S&P 500 has gained 11% and the Nasdaq has surged 18%.
World markets: European stocks closed lower. Britain's FTSE 100 ( UKX) shed 0.8%, the DAX ( DAX) in Germany
lost 1.3% and France's CAC 40 ( CAC40) fell 1.6%.
Asian markets ended mixed. The Shanghai Composite ( SHCOMP) slid 0.1%, while the Hang Seng ( HSI) in Hong Kong
ticked up 0.2% and Japan's Nikkei ( N225) added 0.4%.
Buyout season is back for private equity
Japan's Ministry of Finance reported the island nation enjoyed a trade surplus in February. A deficit had been expected,
and the announcement buoyed stocks.
Economy: The government reported that first-time claims for unemployment benefits in the week ended March 17
dropped to 348,000, a four-year low and a better number than analysts had expected.
The Conference Board's Leading Economic Indicators index for February increased by 0.7%, more than the expected 0.6%
uptick.
Companies: Dollar General ( DG, Fortune 500) shares popped after the retailer reported earnings of 85 cents per share
on $4.2 billion in revenue, topping projections. The company said same-store sales increased 6.5% over the quarter.
FedEx ( FDX, Fortune 500) shares dropped, despite reporting better-than-expected earnings and sales, citing record
holiday shipping. The company, seen as a proxy for the health of the broader economy, said it expects its 'solid
performance' to continue.
How to avoid the looming budget train wreck
ConAgra ( CAG, Fortune 500) reported earnings of 51 cents per share on $3.4 billion in revenue, slightly better than
analysts had expected. Shares fell.
Athletic apparel maker lululemon athletica ( LULU) reported that revenue surged 51.4% to $371.5 million in the fourth
quarter, topping analyst estimates.
McDonald's ( MCD, Fortune 500) said Wednesday that CEO Jim Skinner plans to retire at the end of June, ending a
seven-year turn at the helm of the fast-food restaurateur. The company's current president and COO, Don Thompson, will
succeed Skinner.
After the bell, Nike ( NKE, Fortune 500) reported earnings that beat analysts' estimates. Despite that, shares of the
sneaker company dropped in after hours trading.
Currencies and commodities: The dollar strengthened against the euro and the British pound, but fell versus the
Japanese yen.
Oil for May delivery slipped $1.92 to $105.35 a barrel.
Bonds: The price on the benchmark 10-year U.S. Treasury rose, pushing the yield down to 2.275% from 2.29% late
Wednesday.
19-Apr-2012
The Hindu : Business / Markets : Sensex tumbles 405 points on weakening...
1 of 1
http://www.thehindu.com/business/markets/article3154817.ece?css=print
Business Markets
Published: March 22, 2012 17:07 IST | Updated: March 22, 2012 17:07 IST
Sensex tumbles 405 points on weakening rupee

PTI
The Sensex, which had gained 328 points in the last two trading sessions, dropped by 405.24 points, or 2.30 per cent to 17,196.47, a
hitting the days low of 17,136.50. Here, a worried broker looks at the stock movements in Mumbai. File photo.
The BSE benchmark Sensex on Thursday tumbled over 405 points on FII outflows as investors feared that
weakening rupee will hit importers and government finances, amid falling European markets.
Of the 30 Sensex scrips, 28 tumbled, while two ended in the green. All the 13 sectoral indices closed in losses.
Market heavyweight Reliance Industries dropped 4.15 per cent, and Infosys by 1.39 per cent. The two carry 20 p
cent weight on the Sensex.
The index, which had gained 328 points in the last two trading sessions, dropped by 405.24 points, or 2.30 per
to 17,196.47, after hitting the days low of 17,136.50.
The NSE 50-issue index Nifty plunged 136.50 points, or 2.54 per cent to 5,228.45 with stocks of realty, power a
banking sectors suffering the most.
Brokers said the rupees falling to more than two months low, breaching Rs 51 per US dollar level, triggered sel
They said a weakening trend in the European stock markets on fears that Chinas manufacturing may contract
further, also hit the market sentiment.
Keywords: Sensex close
Printable version | Apr 24, 2012 9:54:12 AM | http://www.thehindu.com/business/markets/article3154
The
24-Apr-2012 12:24 AM
Gloomy Asian, European Data Pressure Wall Street | Fox Business
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Gloomy Asian, European Data Pressure

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Heightened anxiety that slowdowns in several key global marketplaces
may begin to take a toll on America's economic recovery shook traders'
confidence, sending stocks sinking into the red.
Today's Markets
The Dow Jones Industrial Average fell 78.5 points, or 0.6%, to 13046,
the S&P 500 slumped 10.1 points, or 0.72%, to 1393 and the Nasdaq
Composite fell 12 points, or 0.39%, to 3063.
Companies involved in heavy industries were slumping the most on
fears that a slowdown in global markets could weigh on demand.
Caterpillar (CAT: 107.36, -1.39, -1.28%), Alcoa (AA: 9.76, -0.19, 1.91%), Boeing (BA: 73.10, -0.61, -0.83%) and Chevron (CVX: 102.51,
-0.88, -0.85%) performed the worst out of the Dow components, all
sliding more than 1.8%. The four companies combined cost the Dow
some 50 points.
Consumer staples were holding up the best. Indeed, Procter & Gamble
(PG: 66.57, -0.18, -0.27%) and Coca-Cola (KO: 73.82, -0.35, -0.47%)
were among the best performing blue chips on the day.
Show More
GAS PRICES
More Stories

Soar
Lows, Ahead Of Data
Volatility jumped 4.2% as tracked by the CBOE's VIX, while Treasury

prices advanced as traders sought refuge from riskier equities. . The
yield on the 10-year note fell 0.045-percentage point to 2.253%.
http://www.foxbusiness.com/markets/2012/03/22/gloomy-asian-european-data-... 19-Apr-2012
Commodities were under pressure from demand concerns and a

stronger U.S. dollar as well. The benchmark crude oil contract traded in
New York slumped $1.92, or 1.8%, to $105.35 a barrel. Wholesale New
York Harbor gasoline dipped 0.52% to $3.34 a gallon.
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Global Growth Concerns Spook Traders
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Chinese factory activity contracted for the fifth-straight month in March,

according to a survey by HSBC and Markit that comes out ahead of the
official government data. The news comes on the heels of other signs
that the once powerful growth engine in the world's No. 2 economy may
be slowing down.
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"With new export orders sluggish and domestic demand still softening,
China's slow down has yet to finish," Qu Hongbin, chief China
economist at HSBC said in a statement. "This calls for further easing to
come from Beijing."
Manufacturing data from Europe were also of concern, market
participants said. Output in the eurozone contracted in March, hitting a
three-month low, according to a report by Markit. Germany, which is
seen as the 17-member bloc's economic powerhouse, saw continued
growth, but at the slowest pace in three months. Meanwhile, France, the
bloc's second-biggest economy, saw production shrink for the first time
in four months.
"The Eurozone economy contracted at a faster rate in March,
suggesting that the region has fallen back into recession," Chris
Williamson, Chief Economist at Markit said in a statement. "Germany
and France look to have avoided a return to recession, but only by very
narrow margins."
-0.88
89.39
European stocks slumped nearly 1.5%, while the euro dipped 0.45% to
$1.3157.
-1.00
U.S. Economy Shows More Signs of Improvement

New claims for unemployment benefits fell to 348,000 last week the
lowest level since February 2008 -- from an upwardly revised 353,000,
the Labor Department reported. Economists had expected claims to rise
to 354,000 from an initially reported 351,000. Meanwhile, continuing
claims fell to 3.352 million from 3.361 million, the lowest since August
2008.
While the labor market has been slow to recover, the rate of job growth
has accelerated dramatically recently, and claims have stayed beneath
the closely-watched 400,000 level for weeks.
On the corporate front, FedEx (FDX: 89.39, -1.00, -1.11%) posted a
fiscal third-quarter profit of $1.55 a share, excluding items, on sales of
$10.56 billion. Analysts expected the global shipping company to earn
$1.35 a share on $10.6 billion.
McDonald's (MCD: 95.28, -2.06, -2.12%) said its Chief Executive
Officer, Jim Skinner, will retire in late June and be replaced by the firm's
Chief Operating Officer Don Thompson.
In metals, gold slid $7.80, or 0.47%, to $1,643 a troy ounce.
Foreign Markets
Page 3 of 4
European blue chips dropped 1.5%, the English FTSE 100 dipped
0.79% to 5846 and the German DAX sold off by 1.3% to 6981.
In Asia, the Japanese Nikkei 225 advanced by 0.4% to 10127 and the
Chinese Hang Seng edged higher by 0.22% to 22902.
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The markets dipped on Wednesday after a key manufacturing report

missed Wall Street's expectations and oil prices shed close to 2%.
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Today's Markets
1
The Dow Jones Industrial Average dipped 71.5 points, or 0.54%, to

13126, the S&P 500 fell 7 points, or 0.49%, to 1406 and the Nasdaq
Composite dropped 15.4 points, or 0.49%, to 3105.
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GENERAL ELEC...
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AMERICAN EXP...
BHI
BAKER HUGHES...
GS
GOLDMAN SACH...
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BOEING CO....
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57.57
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41.02
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73.10
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CVX
CHEVRON CORP...
OXY
OCCIDENTAL P...
JPM
JPMORGAN CHA...
However, the financial sector outperformed, with blue chips Bank of

America (BAC: 8.77, -0.15, -1.68%), American Express (AXP: 57.57, 0.47, -0.81%) and JPMorgan Chase (JPM: 43.22, -0.07, -0.16%) all
ending in the green.
At the lows of the session, the Dow was down 128.5 points, meaning it
came close to halving its losses on the day. The broader S&P 500 was
down close to 1.1% at its weakest point.
113.60
ALCOA INC....
FREEPORT-MCM...
Energy, basic materials and industrial companies, like Chevron (CVX:

102.51, -0.88, -0.85%), Alcoa (AA: 9.76, -0.19, -1.91%) and Caterpillar
(CAT: 107.36, -1.39, -1.28%) came under pressure on the day. Indeed,
the five companies based in those sectors listed on the Dow cost the
blue-chip average some 50 points.
19.14
AA
FCX
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38.03
-0.26
102.51
-0.88
Oil Prices Drop

There have been multiple reports over the past two days the U.S. may
tap into its strategic petroleum reserve in a bid to push the price of
crude lower. On top of those reports, the Energy Department said crude
stocks jumped by 7.1 million barrels last week, considerably bigger than
the 2.2 million barrel build than was expected. Meanwhile, gasoline
stocks slid 3.5 million barrels, a wider draw than the 1.5 million
expected.
The benchmark crude oil contract traded in New York fell $1.92, or
1.8%, to $105.41 a barrel. Wholesale RBOB gasoline slumped 0.3% to
$3.396 a gallon.
88.22
+0.25
43.22
In metals, gold slid $25.20, or 1.5%, to $1,663 a troy ounce. U.S.

Treasury bonds fell, pushing yields higher. The yield on the 10-year
note rose 0.026-percentage point to 2.212%.
-0.07
Durable Goods Data Miss Expectations

This week, market participants have been paying close attention to the
U.S. economy. Wall Street posted a strong performance Monday after
Federal Reserve Chairman Ben Bernanke hinted at more monetary
easing, but then struggled the following day amid mixed reports.
The durable goods report is one that is particularly closely watched
since it is so wide-ranging and directly impacts broad measures of
economic output. Indeed, it encompasses everything from refrigerators
made by General Electric (GE: 19.14, +0.04, +0.21%) to airplanes
crafted by Boeing (BA: 73.10, -0.61, -0.83%).
Orders for long-lasting goods jumped 2.2% in February from the month
prior, a shallower increase than the 3% economists expected. Excluding
Page 3 of 5
the transportation component, orders were up 1.6%, a tick below the

1.7% forecast.
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Markets Down
One variable may be how soaring gasoline and oil prices have affected
demand for these products. Consumer sentiment and manufacturing
reports have shown that orders have remained robust, but some
economists say there is a risk that people's and business' disposable
income may take a hit.
In corporate news, Goldman Sachs (GS: 113.60, -1.73, -1.50%)
considered splitting up its chairman and chief executive roles amid
pressure from shareholder groups, according to multiple reports. A
separate report by Reuters said the securities behemoth's European
investment banking revenue jumped 8% during the first quarter as
derivatives activity surged across the continent.
Morning Business
Outlook: 3/28
Foreign Markets
Nike Sues Reebok Over

Tebow Usage
European blue chips dipped 1.1%, the English FTSE 100 dropped 1%
to 5809 and the German DAX slumped 1.1% to 6999.
In Asia, the Japanese Nikkei 225 slid 0.71% to 10183 and the Chinese
Hang Seng slumped 0.77% to 20885.
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Page 5 of 5
S&P slides on economic jitters - Mar. 28, 2012
Page 1 of 2
Stocks slide on economic jitters

By Maureen Farrell@CNNMoneyMarkets March 28, 2012: 4:32 PM ET
NEW YORK (CNNMoney) -- Stocks closed in the red Wednesday as investors grew concerned about the health of the
global economy.
Investors already jittery about slowing growth overseas became more wary after a report on U.S. durable goods orders
came in below expectations before the market opened.
"It doesn't take economic numbers meeting expectations to give the markets support. They need to beat expectations," said
Guy LeBas, chief fixed income strategist at Janney Capital Markets.
The Dow Jones industrial average ( INDU) closed down 72 points, or 0.6%. The S&P 500 ( SPX) dipped 7 points, or
0.5%. The Nasdaq ( COMP) fell 15 points, or 0.5%.
The commodities market dropped even further. Oil and copper fell roughly 2%, and gold lost more than 1%.
Analysts said that it was a light trading day overall with a smaller number of shares changing hands.
With Europe's debt drama on the back burner for now, investors are waiting for first-quarter results to decide whether to
continue betting on a run up in the stock market. But the first of the quarterly reports is still about two weeks away.
Gas tops $3.90 a gallon
"The market seems to be catching its breath today," said Ryan Detrick, senior technical strategist at Schaeffer's Investment
Research. "Investors are really waiting for the next major potential driver."
U.S. stocks ended slightly lower Tuesday after news that home prices in 20 major cities fell to the lowest levels since
2002. A disappointing report on consumer confidence further rattled investors.
Tuesday's declines followed a big run-up in the previous day's session, as Federal Reserve chairman Ben Bernanke's
comments on the job market gave investors reason to believe the central bank will keep interest rates low.
Stocks have rallied in 2012 on improving economic data and easing concerns about the debt crisis in Europe. With the
year's first quarter of trading ending Friday, the Dow has climbed 8%, the S&P 500 has gained nearly 13% and the Nasdaq
is up more than 20%.
Economy: A government report on durable goods orders showed that orders increased 2.2% in February, less than the
2.8% expected by economists.
19-Apr-2012
S&P slides on economic jitters - Mar. 28, 2012
Page 2 of 2
The price of an average gallon of regular gas surpassed the $3.90 mark Wednesday, according to the latest daily survey
conducted for the motorist group AAA. Prices are now within a dime of the $4 threshold after 19 consecutive daily
increases.
Nothing cheesy here: Annie's IPO soars 60%
Companies: Annie's ( BNNY), the organic food maker known for its macaroni & cheese, closed 90% above its opening
price at $36 on its debut day on the New York Stock Exchange. The company priced shares at $19, above the established
$16 to $18 range. Annie's has sold 5 million shares for its initial public offering.
Vocera Communications ( VCRA) also debuted on the NYSE Wednesday, and its shares closed up 34%.
Regional Management ( RM), the third company to go public Wednesday, closed 9% higher.
Family Dollar Stores ( FDO, Fortune 500) reported quarterly earnings of $1.15 a share on $2.5 billion in revenue. The
results were slightly better than analyst estimates.
Check gas prices in your state
Currencies and commodities: The dollar lost ground against the Japanese yen, but strengthened against the euro and
British pound.
Oil for May delivery slipped $1.92 to $105.41 a barrel.
World markets: European markets closed in the red Wednesday. Britain's FTSE 100 ( UKX) ended 1% lower, while the
DAX ( DAX) in Germany and France's CAC 40 ( CAC40) both lost 1.1%.
Asian markets ended lower. The Shanghai Composite ( SHCOMP) tumbled 2.7%, the Hang Seng ( HSI) in Hong Kong
shed 0.8% and Japan's Nikkei ( N225) declined 0.7%.
Bonds: The price on the benchmark 10-year U.S. Treasury moved up slightly, pushing the yield down to 2.18% from
2.19% late Tuesday.
19-Apr-2012
Sensex falls; IT outsourcing hit by U.S. visas - Yahoo! Finance
1 of 1
http://finance.yahoo.com/news/sensex-falls-outsourcing-hit-u-100901602.html
Reuters Thu, Mar 29, 2012 6:09 AM EDT
MUMBAI (Reuters) - The BSE Sensex provisionally fell 0.2 percent on Thursday, with technology stocks leading the
losses after local media reported the United States had raised the cost of processing H-1B employment visas, which was
seen as hitting the industry.
Technology outsourcing stocks such as Infosys (NSE:INFY.NS - NewsINFY.NS) and Tata Consultancy Services
(NSE:TCS.NS - NewsTCS.NS) led decliners.
The main 30-share BSE index provisionally closed down 31 points at 17,090.55. The 50-share NSE index provisionally
closed 0.1 percent lower at 5,189.
(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
Copyright 2012 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited
without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions take
in reliance thereon.
Copyright 2012 Yahoo! Inc. All rights reserved. /
24-Apr-2012 12:26 AM
The Hindu : Business / Markets : Sensex down by 63 points
1 of 1
Business Markets

PTI
Fag-end value buying contained intra-day losses today and the BSE benchmark Sensex closed lower by just 63
points amid this months settlement in the derivatives segment and a weak trend in global markets.
Sensex, which had dipped below the 17k mark intra-day, recovered somewhat and closed at 17,058.61, down 63
points or 0.37 per cent as the last 30-minute buying curtailed losses.
The NSE 50-issue index Nifty fell 15.90 points, or 0.31 per cent to 5,178.85, after a low of 5,135.95.
The market remained in bear-grip for major part of the day as investors off-loaded their pending positions on
current months expiry in the derivative contracts settlement, brokers said.
Besides, falling rupee ignited fears of inflation on account of costly imports and raised concerns the RBI may no
interest rates at next months monetary policy meet.
A weak trend in the global markets further influenced the sentiment.
The IT sector led the fall as software exporters worried a weakening trend in overseas markets might hurt their
business. Over 80 per cent of the software business comes from the U.S. and European markets.
The second most heaviest on the Sensex Infosys fell by 1.78 per cent to Rs. 2,791 and segment major TCS by 1
per cent to Rs. 1,143.25.
The capital goods sector index suffered the most by losing 1.61 per cent to 9,834.68 followed by IT index by 1.17
cent to 5,951.18.
The major Sensex losers were Reliance Industries, State Bank of India, Larsen and Toubro, Bharti Airtel, BHEL
M&M, Tata Steel, Cipla, HDFC Bank and ICICI.
Keywords: share markets, sensex, stock markets
The
24-Apr-2012 12:27 AM
Markets on Track for Worst Week of 2012 | Fox Business
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The markets posted a tepid performance on Thursday, teetering on

closing out the holiday-shortened trading week with the biggest loss of
2012.
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Peter Schiff: The

Economy is Not
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Getting Sicker
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Today's Markets
26
4
RELATED STOCKS
M
MACYS INC...
TGT
TARGET CORP....
Weak Housing,
Jobless Data Moving
Markets
As of 3:19 p.m. ET, the Dow Jones Industrial Average fell 27.8 points, or
0.21%, to 13047, the S&P 500 dipped 2 points, or 0.14%, to 1397 and
the Nasdaq Composite gained 7.9 points, or 0.26%, to 3076.
39.65
-0.48
56.79
-0.59
The Nasdaq took its worst fall since December on Wednesday, while
the S&P dropped by the most in almost a month as sentiment across
global equity markets turned more bearish. Traders have grown
concerned once again about the debt crisis in Spain after the country
struggled to meet a target in a recent auction and has seen yields begin
climbing once again. Higher yields, analysts say, will make it more
difficult for the country to reach its deficit-cutting target.
The labor market is coming into focus with the monthly jobs report on
tap for Friday.
New claims for unemployment benefits fell to 357,000 last week -- the
lowest level since April 2008 -- from an upwardly-revised 363,000, the
Labor Department reported. Claims were expected to fall to 355,000
from an initially reported 359,000.
Planned job cuts among U.S. employers fell 27% in March from
February to 37,880, according to a report Thursday by outplacement
firm Challenger, Gray & Christmas. Layoffs are now at the lowest level
in 10 months.
The number of jobless claims has consistently sat under the 400,000
level, which many economists say points to continued improvement in
the labor market.
Show More
GAS PRICES
More Stories
Thursday is the last day of equity trading for the week, with stock
markets closed for the Good Friday holiday. However, stock-index
futures along with precious metal and commodity futures trading will be
open for a short time on Friday morning.

Soar
Lows, Ahead Of Data
Oil rebounded in New York trading after a steep selloff on Wednesday.

The benchmark contract climbed $1.84, or 1.8%, to $103.31 a barrel.
Wholesale New York Harbor gasoline gained 0.21% to $3.334 a gallon.
In metals, gold jumped $16.00, or 0.99%, to $1,630 a troy ounce. The
yield on the 10-year Treasury fell 0.045-percentage point to 2.184%.
http://www.foxbusiness.com/markets/2012/04/05/wall-street-slips-as-caution-pr... 19-Apr-2012
Page 2 of 3
On the corporate front, many big-name retailers report monthly sales

results on the day. Target (TGT: 56.79, -0.59, -1.03%) boosted its firstquarter earnings outlook after its same-store sales jumped 7.3% in
March, bigger than the 5.4% analysts expected. Macy's (M: 39.65, 0.48, -1.20%) also beat expectations, reporting a 7.3% same-store
increase, compared with forecasts of 4.8%.
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Foreign Markets
European blue chips fell 0.25%, the English FTSE 100 rose 0.35% to
5724 and the German DAX dropped 0.13% to 6775.
In Asia, the Japanese Nikkei 225 slipped 0.53% to 9768 and the
Chinese Hang Seng sold off by 0.95% to 20593.
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Into a Silver Revolution? (Encore)
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When You Need a

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loser
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with sales gain
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Schiff: There is no real

recovery; its phony
REUTERS

The markets tumbled on Tuesday after renewed worries about Europes
debt crisis and ongoing economic concerns sent traders dashing out of
equities and commodities in search of shelter.
Today's Markets
The Dow Jones Industrial Average dipped 214 points, or 1.7%, to
12716, the S&P 500 fell 23.6 points, or 1.7%, to 1359 and the Nasdaq
Composite skidded 55.9 points, or 1.8%, to 2991.
The blue chips have fallen for five days in a row, the longest losing
streak since August. Meanwhile, the broader S&P 500 is having its
longest rout since November.
Show More
GAS PRICES
The biggest drags on the Dow on a point basis were Caterpillar (CAT:
107.36, -1.39, -1.28%) and IBM(IBM: 199.51, -0.62, -0.31%) Chevron
(CVX: 102.51, -0.88, -0.85%) and Boeing (BA: 73.10, -0.61, -0.83%).
Hewlett-Packard was the only component to end in the green.
In a sign of the uneasiness, the VIX, sometimes referred to as Wall
Street's fear gauge, surged 8.3%. The number of trades in declining
shares on the New York Stock Exchange outpaced those in advancing
shares by a ratio of nine-to-one, according to data compiled by FOX
Business.The S&P 500 broke its 50-day-moving average for the first
time since December. Market participants generally pay close attention
to technical levels on the S&P.
More Stories

Soar
Lows, Ahead Of Data
http://www.foxbusiness.com/markets/2012/04/10/wall-street-hammered-by-eur... 19-Apr-2012
Exchanges across Europe were under intense selling pressure as well.

Germany's DAX shed 2.5%, England's FTSE 100 dropped 2.2% and
Italy's MIB plunged 5%. Traders have once again started to focus on
debt yields in eurozone countries that have have public debt levels,
paying particularly close attention to Spain and Italy.
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At the same time, traders continued moving into the safety of Treasury
bonds. The yield on the 10-year plummeted 0.047-percentage point to
1.988% and is now at its lowest level since early March. As traders bid
up the asset, the yield falls.
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The yield on Italy's 10-year note jumped 0.12-percentage point on the

day, while the yield on similar notes in Spain climbed 0.18-percentage
point. The fear is that as the yields rise, borrowing costs inherently go
up, meaning it becomes more challenging for the countries to cut down
their debt loads. Unlike smaller countries like Greece, bailing out bigger
players would be considerably more costly, and a debt default could be
painful to the euro currency bloc and financial markets across the globe.
22.00
-0.06
Earnings season kicks off after the closing bell on Tuesday. Aluminum
giant Alcoa (AA: 9.76, -0.19, -1.91%) is expected to post a four cent per
share quarterly loss on revenue of $5.8 billion.
In energy markets, U.S. crude has retreated nearly 8% from its 2012
high of $109.77 a barrel as tension has calmed somewhat between
Western states and Iran and supplies have swelled. The benchmark
contract traded in New York stumbled $1.44, or 1.4%, to $101.02 a
barrel. New York Harbor wholesale gasoline dipped 5 cents, or 1.4%, to
$3.25 a gallon.
102.51
-0.88
587.44
In metals, gold jumped $16.80, or 1%, to $1,661 a troy ounce.

Corporate News
-20.90
107.36
-1.39
85.28
Best Buy (BBY: 22.00, -0.06, -0.27%) said its Chief Executive Officer
Brian Dunn has resigned.
Foreign Markets
-0.47
27.69
European blue chips sold off by 3%, the English FTSE 100 slumped
2.2% to 5596 and the German DAX dropped 2.5% to 6606.
-0.26
199.51
In Asia, the Japanese Nikkei 225 slipped 0.09% to 9538 and the
Chinese Hang Seng shed 1.2% to 20356.
-0.62
43.42
0.00
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Sensex stays in negative terrain amid weak Asian cues Analysis for Apr 11... http://www.goodreturns.in/news/2012/04/11/sensex-stays-in-negative-ter...
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The key domestic benchmarks continued to

trade well below the baseline as weak cues
0
0
0
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from the Asian markets dampened sentiment.
Asian markets fell on Wednesday amid
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concerns that the lingering debt crises in
Europe was escalating. Yields on Spanish 10
-year bonds rose by 30 basis points to 5.99 per cent on Tuesday amid concerns that the
nation may have to seek international rescue funding like Greece, Portugal and Ireland.
Moreover, a record loss posted by Japanese electronics giant Sony, also dampened
sentiment. On the domestic front, investors turned cautious ahead of the release of IIP data
that may dictate RBI's next move.
At 12:28PM, BSE SENSEX was at 17144.87, down by 98.97 points or by 0.57 per cent and
NSE Nifty was at 5202.65, down by 40.95 points or by 0.78 per cent.
The BSE Sensex touched intraday high of 17152.42 and intraday low of 17075.89 The NSE
Nifty touched intraday high of 5213.9 and intraday low of 5190.8.
Meanwhile, the BSE MIDCAP was at 6344.64, down by 25.81 points or by 0.41 per cent;
however the BSE SMLCAP was at 6799.25, up by 6.94 points or by 0.1 per cent.
On the Sectoral front, Metal and Capital Goods were the major laggards, down by 1.38 per
cent and 1.01 per cent respectively.
The Market breadth, indicating the overall health of the market, was weak. On BSE out of
total shares traded 3465, shares advanced were 1155 while 1363 shares declined and 947
were unchanged.
The top losers of the BSE Sensex pack were Sterlite Industries (India) Ltd. (Rs.
101.45,-2.73%), Jindal Steel & Power Ltd. (Rs. 488.60,-2.51%), Tata Steel Ltd. (Rs.
445.85,-1.61%), Bharat Heavy Electricals Ltd. (Rs. 251.95,-1.51%), Bharti Airtel Ltd. (Rs.
325.90,-1.35%), among others.
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In BSE, BSE Metal index was at 10717.15, down by 149.62 points or by 1.38 per cent. The
major losers were Sesa Goa Ltd. (Rs. 178.20,-2.91%), Sterlite Industries (India) Ltd. (Rs.
101.45,-2.73%), Jindal Steel & Power Ltd. (Rs. 488.60,-2.51%), Hindustan Zinc Ltd. (Rs.
124.90,-2.31%), Tata Steel Ltd. (Rs. 445.85,-1.61%).
Among the Asian bourses, Shanghai Composite was down by 0.14 per cent, Hang Seng
was trading lower by 1.22 per cent and Nikkei 225 was down by 0.83 per cent.
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24-Apr-2012 12:29 AM
The Hindu : Business News : Sensex down 150 points in early trade
1 of 1
http://www.thehindu.com/business/article3302718.ece?css=print
Business
Published: April 11, 2012 10:22 IST | Updated: April 11, 2012 10:22 IST
Sensex down 150 points in early trade

PTI
PTI The 30-share barometer, which had gained 21.70 points on Tuesday, lost 150.63 points to 17,093.21 in Wednesday's early trade.
photo
The BSE benchmark index Sensex on Wednesday fell by over 150 points in early trade, due to fresh selling by fu
amid a weak trend on other Asian bourses.
The 30-share barometer, which had gained 21.70 points on Tuesday, lost 150.63 points, or 0.87 per cent, to
17,093.21 in the early trade.
The wide-based National Stock Exchange index Nifty dipped below 5,200 points to trade lower by 49.20 points
0.93 per cent, at 5,194.40.
All sectoral indices, led by metal and capital goods, were trading in the negative zone, with losses up to 1.62 per
which led to the fall in the Sensex.
Brokers said fresh selling by funds amid a weak trend on other Asian markets, following overnight heavy losses
the European and US markets due to fresh euro-zone debt worries and concerns over the global recovery, main
dampened the trading sentiment here.
In the Asian region, the Hong Kongs Hang Seng index fell by 1.27 per cent, while Japans Nikkei was down by 1
per cent in the early trade today. The US Dow Jones Industrial Average ended 1.65 per cent lower in yesterdays
trade.
Keywords: Sensex opening trade
Printable version | Apr 24, 2012 10:28:12 AM | http://www.thehindu.com/business/article3302
The
24-Apr-2012 12:58 AM
Stocks: Worst day since November 2011 - Apr. 10, 2012
1 of 2
By Maureen Farrell @CNNMoneyMarkets April 10, 2012: 5:43 PM ET
NEW YORK (CNNMoney) -- The fear trade picked up steam Tuesday, as investors grew increasingly worried about
Europe's fiscal health. All three indexes closed down more than 1.5%, marking the fifth straight losing day for stocks.
Early in the day investors, traded out of stocks after reading headlines about rising borrowing costs for Spain and Italy
the day progressed, investors grew increasingly jittery over the health of the global economy, which caused the sell-off
intensify.
"People are starting to get very concerned about the macro picture of both sovereign debt and China's slowing growth
said Sam Ginzburg, head of trading at First NY. "We're starting to get very worried about going back to a recession."
The Dow Jones Industrial Average ( INDU) closed down 214 points, or 1.7%, capping off the worst day since Novem
2011. The S&P 500 ( SPX) lost 24 points, or 1.7%. The Nasdaq ( COMP) fell 56 points, or 1.8%.
The S&P 500 also had the worst day since November 2011, while Nasdaq posted the worst finish since December 201
European stocks slumped more than 2%.
First-quarter earnings: They won't be pretty
Yields on Spain's 10-year bonds hovered just under 6%, the highest level in more than three months. Borrowing costs
have been trending higher as the government struggles to push through budget cuts. In Italy, the yields rose near 5.7%
Peter Boockvar, chief equity strategist at Miller Tabak, said that while U.S. investors had been largely ignoring sovereig
debt questions in Europe, the continent's problems cannot be ignored now.
As part of a broad retreat from risky assets, investors jumped into U.S. Treasuries, driving the yield on 10-year Treasu
below 2% for the first time in more than a month.
Twenty-nine of the Dow's 30 components ended in the red, with Bank of America ( BAC, Fortune 500) leading the b
retreat. Oil and industrial stocks were also among the biggest decliners. GE ( GE, Fortune 500), Caterpillar ( CAT
Fortune 500) and Exxon ( XOM, Fortune 500) fell more than 1%.
The so-called fear index, the VIX (
VIX), rose nearly 11% Tuesday and is up nearly 33% over the past five days. It's a
19-Apr-2012 6:45 PM
Stocks: Worst day since November 2011 - Apr. 10, 2012
2 of 2
20.5, still far from 30 -- a reading that typically signals heightened investor fear.
Investors got one positive surprise after the markets closed. Dow component Alcoa ( AA, Fortune 500) beat earnin
estimates when it reported after the closing bell. Alcoa's earnings unofficially begins the release of first-quarter financ
results.
Analysts are forecasting a 0.1% drop in first-quarter earnings for companies in the S&P 500 compared to a year earlier
according to FactSet. While that's not a major decline, it would mark the end of a nine-quarter winning streak. Stocks w
on a tear in the first three months of this year, with the Dow and S&P 500 enjoying their best first quarter in over a dec
"We're essentially expecting no growth, but we could see earnings come in worse than that," said Boockvar. "I think w
have the potential for some disappointment."
Stocks finished lower Monday, as investors reacted to the disappointing March jobs report released last week.
World markets: European stocks closed down sharply. Britain's FTSE-100 (
Germany dropped 2.5%, and France's CAC 40 ( CAC40) shed 3.8%.
UKX) slipped 2.2%, the DAX (
In Asia, Japan's Nikkei ( N225) slipped 0.1%, while Hong Kong's Hang Seng (
Composite ( SHCOMP) gained 0.9%.
DAX)
HSI) lost 1.2% and the Shanghai
Economy: Wholesale inventories came in higher than expected for February with a 0.9% increase above the 0.5% ris
forecast by economists. Inventories rose 0.4% in January.
On Monday, Federal Reserve chairman Ben Bernanke said in a speech in Georgia that banks need to increase their
capital buffers in order to ensure stability in the financial system.
Companies: Shares of electronics retailer Best Buy ( BBY, Fortune 500) surged then dropped after the company
announced that CEO Brian Dunn had resigned and the company would begin a search for a new CEO.
Sony ( SNE) shares dropped after the electronics maker announced it expects an annual loss of more than double
previous projection. The company said the revision came after recording additional tax expenses, primarily in the Un
States.
Shares of grocery retailer Supervalu ( SVU, Fortune 500) were up 15%, after the company reported earnings that be
expectations and offered strong guidance.
Apple's (
AAPL, Fortune 500) shares hit another all-time high Tuesday.
Introducing Wall Street's new rainmakers
Currencies and commodities: The dollar gained against the euro and the British pound but fell against the Japanese
yen.
Oil for May delivery lost $1.32 to $101.14 a barrel.
Gold futures for April delivery gained $16.60 to $1,660.50 an ounce.
First Published: April 10, 2012: 9:44 AM ET
2012 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privac
Policy. Ad choices .
19-Apr-2012 6:45 PM
Share Market Live | Sensex dips more than 200 points as investors sell IT ...
1 of 5
http://sharemarketlive.org/2012/04/13/sensex-dips-more-than-200-points-...
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Share Market Live

Indian Share Market Live News, Updates & Recommendations
Sensex dips more than 200 points as investors sell IT stocks

Posted on 13 April 2012
Tags: dips, investors, more, points, sell, Sensex, Stocks, than
Categorized | Share Market News
MUMBAI: The Bombay Stock Exchanges Sensex closed above psychological support levels as institutional investors resorted to
basket selling in technology stocks following poor FY13 revenue guidance from Infosys Technologies and weak cues from
European markets.
Infosys Technologies reported net profit of Rs 2316 crore for quarter ended March 2012, up 27 per cent against Rs 1818 crore in
the same period a year ago. However, disappointing revenue guidance for FY13 pushed investors to offload longs in the stock.
The company expects growth revenue of 8-10 per cent in FY 2013 which is lower than Nasscoms guidance of 11-14% for the IT
sector in FY13.
The company expects EPS to be in the range Rs 158.76 to Rs 161.41. Analysts are expecting stock to trade in a range of Rs 23002600 in near to medium term.
The results for 4Q were below estimates and so is the guidance for FY13. The guidance reflects the challenging macro scenario
which Infosys is facing. We also understand that, a part of the projected underperformance v/s the industry is due to the strategy
of not chasing low-margin business.
The recent re-structuring within the company is impacting near term growth but should help Infosys return to better growth rates
in the medium to long term, said Dipen Shah, Head of Fundamental Research, Kotak Securities.
The benchmarks, which braved over 10 per cent fall in Infosys Technologies till afternoon, witnessed a sharp fall in the afternoon
led by losses in rate sensitives like realty, banks and capital goods stocks.
After IIP figures and disappointing Infosys guidance, the market will now keenly await the Reserve Bank of Indias policy review
meet next week for direction. The street is expecting the RBI to cut interest rates by 25 basis points to boost economic growth.
If the RBI cuts interest rate next week, the move will help in spurring capital growth and capital investment in the economy that
will help in supporting economic growth, said Nilesh Shah of Axis Bank.
Credit rating agency Crisil is expecting 50-75 basis points in the current fiscal. RBIs ability to cut repo rate will be constrained by
fiscal slippage and inflation persisting above its comfort level. We expect RBI to cut the repo rates by 50-75 bps during 2012-13,
the report said.
The Sensex ended at 17094.51, down 238.11 points or 1.37 per cent. It touched intraday high of 17398.22 and low of 17027.30.
The National Stock Exchanges Nifty ended at 5207.45, down 69.40 points or 1.32 per cent. It touched a high of 5306.75 and low
of 5185.40 in trade today.
After days of consolidations indicators have started to dip with todays failed breakout above the levels of 5300. That is not a good
sign and I would now keep a close watch on levels of 5150-5140 (200-day average). If that is broken then you might actually look
at a sharper correction than what we have had for last few days.
As of now the range stands but the slight change in momentum could be damaging and negative on the charts. Therefore it is
imperative that we hold 5150 for next few days, said Mitesh Thacker, Technical Analyst, miteshthacker.com
Markets-The Economic Times
Wall Street falls at open on Spain, China
24-Apr-2012 12:32 AM
Infosys guidance disappoints, Sensex plunges 250 points - Economic Times
1 of 2
http://articles.economictimes.indiatimes.com/2012-04-13/news/3133743...
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MUMBAI: The National Stock Exchange's Nifty
closed near psychological support levels as poor
FY13 revenue guidance from Infosys
Technologies and weak cues from European
markets hurt sentiments.
The Nifty ended was at 5203.75, down 73.10
points or 1.39 per cent. It touched a high of
5306.75 and low of 5185.40 in trade today.
The Bombay Stock Exchange's Sensex ended at 17078.91, down 253.71 points or 1.46
per cent. It touched intraday high of 17398.22 and low of 17027.30.
BSE Midcap Index was down 0.80 per cent and BSE Smallcap Index was 0.63 per cent
lower.
Amongst the sectoral indices, BSE IT Index plunged 8.82 per cent, BSE Realty Index
fell 1.07 per cent, BSE Bankex Index was down 0.93 per cent and BSE Capital Goods
Index slipped 0.64 per cent lower. BSE Healthcare Index was up 0.94 per cent.
(All figures are provisional)
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Readers' opinions (2)

Sort by: Newest | Oldest
suresh (kolkata)
15 Apr, 2012 07:59 AM
I wonder wheather this is the reason why narayanamurthy, nilekani, mohandas pai
and other top management left the company. Were they aware of this downslide that
was coming and abandoned their baby. Is this not what insider trading is all about?
KRISHNAN (Kannur)
13 Apr, 2012 05:44 PM
Dear Investers, Can we believe comments of stock brokers, Researchers and other
financial experts, in this volatile stock market. Really, their remarks are quite far away
from the market reality. What is wrong with Indian capital market ? Is it leading to
crash or climb ?
2012 Bennett, Coleman & Co. Ltd. All rights reserved Index by Date | Index by Keywo
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U.S. markets came back from heavy losses, but traders remained
concerned about a bout of weak economic data and the prospect that
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Today's Markets
As of 3:13 p.m. ET, the Dow Jones Industrial Average dipped 63.8
points, or 0.49%, to 12922, the S&P 500 dropped 9.9 points, or 0.72%,
to 1378 and the Nasdaq Composite fell 31.9 points, or 1%, to 3024.
RELATED STOCKS
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599.30
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In the past two days, the Dow, S&P 500 and Nasdaq have all tacked on
more than 2%, helping to offset big losses from earlier in the week.
33.12
-0.45
43.22
-0.07
China's economy, the second biggest in the world, expanded at an

annualized pace of 8.1% in the first quarter, a sharp drop from the 8.9%
registered in the last quarter of 2011. Economists were looking for a
slightly better reading of 8.4%.
Asian shares managed to shrug off the disappointing data as market
participants are already looking forward to the see where growth is
headed in the current quarter. Analysts also cited the improving
chances the Beijing will act to stimulate growth. Although, some already
see improving conditions there.
"Credit and money data suggest that financing conditions are already
improving, which should in turn help stabilise economic growth and
reduce the need for aggressive stimulus," analysts at Barclays Capital
wrote in a note to clients following the report.
Show More
In Europe, traders fretted once again about the chance that a major
eurozone nation may not be able to sustain its public debt load. The
cost to insure against a Spanish default over the next five years jumped
to an all-time high, while insurance costs for Italian debt climbed as well,
according to data compiled by Reuters.
Spain's IBEX plunged 3.2%, while Italy's MIB tumbled 2.7%. Banking
shares, seen as particularly sensitive to sovereign-debt issues, took the
worst of the selling pressure.
GAS PRICES
More Stories

Soar
Lows, Ahead Of Data
Meanwhile, earnings season in the U.S. is revving up. Google (GOOG:

599.30, -8.15, -1.34%) revealed after the closing bell on Thursday a first
-quarter EPS that crushed analysts expectations, while revenue came in
-line with the consensus view.
http://www.foxbusiness.com/markets/2012/04/13/china-gdp-miss-weighs-on-st...
19-Apr-2012
JPMorgan Chase (JPM: 43.22, -0.07, -0.16%), the biggest U.S. bank
by assets, weighed in on Friday morning with results that topped
forecasts on the top and bottom lines. Wells Fargo (WFC: 33.12, -0.45,
-1.34%) revealed a first-quarter EPS of 75 cents on revenue of $21.6
billion, beating analysts expectations of 73 cents on $20.51 billion.
On the economic front, a survey by Reuters and the University of
Michigan showed consumer sentiment unexpectedly ticking lower in
April. The gauge came in at 75.7, compared to 76.2 in March. The
present conditions sub-index hit the lowest level since last December,
but the future expectations portion came in at its highest since
September 2009. That may mean that consumers are still bearish about
current conditions, yet hopeful about the future.
Page 2 of 4
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Prices at the consumer level increased by 0.3% in March, or 0.2%

excluding the food and energy components. The results come in-line
with Wall Street's forecasts. Data released on Thursday showed there
was no change in wholesale prices last month against expectations of a
mild pick up.
Energy futures ended to the downside. Crude oil traded in New York fell
81 cents, or 0.78%, to $102.83 a barrel. Wholesale New York Harbor
gasoline fell by a penny, or 0.32%, to $3.346 a gallon.
Foreign Markets
European blue chips fell 2.8%, the English FTSE 100 dipped 1% to
5710 and the German DAX slumped 2.9% to 6569.
In Asia, the Japanese Nikkei 225 rallied 1.2% to 9638 and the Chinese
Hang Seng soared 1.8% to 20701.
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19-Apr-2012
Stocks: Worst week of the year, S&P 500 sinks 2% - Apr. 13, 2012
Page 1 of 2
Stocks: Worst week of the year, S&P 500 sinks 2%

By Hibah Yousuf @CNNMoneyMarkets April 13, 2012: 6:11 PM ET
NEW YORK (CNNMoney) -- U.S. stocks stumbled Friday, following a two-day rally, closing lower for a second straight week
with the worst declines of the year.
The Dow tumbled 1.6%, while the S&P 500 sank 2% and the Nasdaq lost 2.3%.
At the start of the week,stocks were driven sharply lower by the ugly March jobs report and fresh worries about Europe's
debt crisis. They rebounded a bit toward the middle of the week, but fell sharply again Friday as a slowdown in China's
economy overshadowed a batch of better-than-expected earnings results.
The Dow Jones industrial average ( INDU) dropped 137 points, or 1.1%, on Friday, while the S&P 500 ( SPX) shed 17
points, or 1.3%, and Nasdaq ( COMP) lost 44 points, or 1.5%.
The Chinese economy grew at an annual pace of 8.1% in the first quarter, the country's National Bureau of Statistics said
Friday, marking a deceleration from an 8.9% growth rate in the prior quarter.
Fears are looming among many investors about a slowdown in China following years of breakneck growth, and what some
believe is an inflating property bubble. Others, however, are more optimistic; the World Bank predicts the Chinese
economy will slow to a 8.2% growth rate this year but rebound to 8.6% in 2013.
"Markets have been overemphasizing the risk of a hard landing in China," said Michelle Gibley, director of international
research at Charles Schwab. "Growth did slow, and it was weaker than expected, but I think this could prove to be the
trough, and economic growth will start to pick up."
Gibley highlighted the fact that the Chinese government has been easing its monetary policy, and expects those efforts to
make an impact on the economy through the course of the year.
China's slower growth weighed broadly on the market, with over 90% of the Dow's 30 components trading lower, including
JPMorgan Chase ( JPM, Fortune 500), despite a first-quarter earnings and revenue beat.
The bank posted earnings of $1.31 a share, which were lower from a year ago, but above analyst estimates of $1.17.
Shares dipped more than 3%.
Wells Fargo ( WFC, Fortune 500) also topped expectations, reporting earnings of 75 cents a share on $21.6 billion in
revenue, but the bank's stock also fell.
Investors to banks: Show me the growth
Shares of Bank of America ( BAC, Fortune 500), Goldman Sachs ( GS, Fortune 500) and Morgan Stanley ( MS,
Fortune 500), which all post results next week, were also lower.
19-Apr-2012
Stocks: Worst week of the year, S&P 500 sinks 2% - Apr. 13, 2012
Page 2 of 2
"The bank earnings were decent, but we didn't see any home runs," said Peter Tuz, president at Chase Investment
Counsel. "And China's news is casting a negative pall, so it's natural for investors to take some money off the table,
especially after two strong days."
Investors were also skittish as the cost of insurance for Spanish debt rose to an all-time high, raising debt contagion fears in
the Eurozone, said Wells Fargo Advisors analysts.
U.S. stocks posted the best gains in a month on Thursday, with the Dow and S&P 500 jumping 1.4%.
Economy: A lower than expected reading on the University of Michigan's Consumer Sentiment Index also weighed on the
market. The index fell to 75.7 in April, from 76.2 in March. Analysts were expecting the index to slip to 76.1.
When will the Fed hike interest rates?
Meanwhile, the U.S. government reported that the Consumer Price Index, its key inflation metric, rose 0.3% in March, led
by increases in gas prices, with a year-over-year increase of 2.7%. The reading was in line with analyst expectations.
Companies: Google ( GOOG, Fortune 500) beat earnings expectations late Thursday, with a profit of $2.9 billion for the
first quarter, up 61% from a year earlier. Google's revenue climbed 24% to $10.7 billion. The company also announced an
unorthodox stock split. Shares of the search giant finished lower.
Coinstar ( CSTR) shares jumped after the company noted "stronger than anticipated consumer demand at Redbox" on
Thursday and raised its earnings outlook for the year.
Dow Chemical ( DOW, Fortune 500) shares edged higher after the company announced late Thursday that it will raise its
second-quarter dividend by 28% to 32 cents per share.
World markets: European stocks closed mixed. Britain's FTSE 100 ( UKX) gained 0.3%, while the DAX ( DAX) in
Germany fell 2.4% and France's CAC 40 ( CAC40) slipped 2.2%.
Asian markets ended higher. The Shanghai Composite ( SHCOMP) gained 0.4%, the Hang Seng ( HSI) in Hong Kong
climbed 1.8% and Japan's Nikkei ( N225) rose 1.2%.
Currencies and commodities: The dollar gained against the euro and the British pound, but slipped versus the
Japanese yen.
Oil for May delivery slipped 81 cents to settle at $102.83 a barrel.
Gold futures for April delivery fell $20.40 to settle at $1,659.10 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury rose, pushing the yield down to 2%, from 2.05% late
Thursday.
19-Apr-2012
Stocks slump on weak economic data - Apr. 19, 2012
Page 1 of 2
Stocks fall on weak U.S. economic data

By Hibah Yousuf @CNNMoneyMarkets April 19, 2012: 4:45 PM ET
NEW YORK (CNNMoney) -- Stocks finished lower Thursday, as a trifecta of downbeat U.S. economic reports
overshadowed encouraging signs out of corporate America and Europe.
The Dow Jones industrial average ( INDU) dropped 69 points, or 0.5%, with McDonalds ( MCD, Fortune 500) and Alcoa
( AA, Fortune 500) dragging on the blue-chip index. Travelers ( TRV, Fortune 500) and Verizon ( VZ, Fortune 500)
were the biggest gainers, as both companies topped earnings expectations.
The S&P 500 ( SPX) fell 8 points, or 0.6%, while the Nasdaq ( COMP) lost 24 points, or 0.8%. eBay ( EBAY, Fortune
500) was the best performer on both indexes, with shares surging more than 13%. The e-commerce company reported
strong financial results for the quarter, and also raised its outlook for 2012.
Trading was choppy Thursday. Earlier in the session, the Dow and the S&P 500 were up over 0.3%, while the tech-heavy
Nasdaq had climbed 0.9%.
On the economic front, first-time unemployment claims declined but were still higher than what analysts expected.
Adding to the setback, existing home sales dipped 2.6%, a sign that the housing recovery remains on shaky ground. The
Philadelphia Fed regional manufacturing index also fell, coming in below expectations.
"We're getting some reminders that the U.S. economy is not in spectacular shape," said Matt King, chief investment officer
at Bell Investment Advisors. "It's growing, but at a very slow rate. With every two steps forward, it's taking one back."
Corporate earnings, on the other hand, have been better than expected. Of the 105 companies in the S&P 500 that have
reported quarterly results, more than 80% beat expectations, while 11% missed forecasts, according to Thomson Reuters.
Analysts are expecting overall S&P 500 first-quarter earnings to climb 6%, with revenues edging up 5%.
Meanwhile, investors were also mildly relieved that an auction of 2.5 billion of Spanish 10-year bonds drew strong
demand.
But Spain released a relatively low volume of bonds, helping to ensure that demand, noted Brian Barry, a fixed income
analyst with Investec in London.
U.S. is outlier in push to boost IMF resources
"They're trying to manage expectations," Barry said. "It's not necessarily a ringing endorsement of Spanish bonds." The
yield on the 10-year note shot up to 5.92% following the auction. Italian bond yields also rose, underscoring the continuing
concern about Europe's fiscal situation.
"Europe is going to be a market worry for the next few years at least," said King. "Policymakers have taken steps to address
some issues, but what Europe has is a long-term problem."
http://money.cnn.com/2012/04/19/markets/stocks/index.htm?source=cnn_bin
19-Apr-2012
Stocks slump on weak economic data - Apr. 19, 2012
Page 2 of 2
U.S. stocks closed down modestly Wednesday, as investors found new reasons to worry about Europe's economy.
Spain released data showing that its banks held more problem loans than expected, which added to concerns over the
country's finances.
Companies: Investors continue to parse through corporate earnings.
Ahead of Thursday's open, Bank of America ( BAC, Fortune 500) reported that its quarterly net income had declined
sharply versus last year, though the drop came after an accounting adjustment of nearly $5 billion. After factoring out nonoperating expenses, the company's earnings more than doubled from a year ago, sending shares higher.
Hostile takeovers are back
Morgan Stanley ( MS, Fortune 500), too, reported a large accounting adjustment that cut into its earnings. Excluding this
expense, earnings and revenue were up versus last year, and shares moved higher.
Nokia ( NOK) shares were down after the cellphone maker reported a steep first-quarter loss, struggling against strong
competition in the mobile market.
After Thursday's close, Microsoft ( MSFT, Fortune 500) reported lower first-quarter earnings that topped forecasts. Share
rose in after-hours trading.
Shares of luxury luggage maker Tumi ( TUMI) soared more than 47% in their stock market debut, after pricing above the
expected range in the company's initial public offering Wednesday. Splunk ( SPLK) shares nearly doubled on their first
day of trading, after also pricing above range on Wednesday.
Biotech firm Human Genome Sciences rejected a takeover bid from pharmaceutical maker GlaxoSmithKline ( GSK).
HGS ( HGSI) said the offer -- at $13 per share, or $2.6 billion -- "does not reflect the value inherent" in the company.
Shares of HGS soared 97%.
Shares of Sprint ( S, Fortune 500) tumbled after New York's attorney general filed a tax fraud lawsuit against the
wireless carrier, accusing it of intentionally underpaying sales tax in the state for seven years. Under New York state law,
Sprint could be on the hook for as much as $300 million, plus penalties, if it is found liable.
Shares of U.S. Airways ( LCC, Fortune 500) surged more than 15% following a Bloomberg report that three of American
Airlines' largest unions have agreed to back a possible takeover from the Tempe, Ariz.-based airline. AMR Corp.
( AAMRQ), parent company of American Airlines, went into bankruptcy last year and announced a quarterly net loss of
$1.7 billion on Thursday.
World markets: European stocks finished lower. Britain's FTSE 100 ( UKX) edged down slightly, while the DAX
( DAX) in Germany dropped 0.9% and France's CAC 40 ( CAC40) shed 2%.
Asian markets ended mixed. The Shanghai Composite ( SHCOMP) slipped by 0.1% and Japan's Nikkei ( N225) fell
0.8%, while the Hang Seng ( HSI) in Hong Kong gained 1%.
Currencies and commodities: The dollar rose against the euro and the Japanese yen but slipped versus the British
pound.
Oil for May fell 40 cents to settle at $102.27 a barrel. Gold futures for April delivery rose $1.80 to settle at $1,640.60 an
ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury rose, pushing the yield down to 1.95% from 1.98% late
Wednesday.
http://money.cnn.com/2012/04/19/markets/stocks/index.htm?source=cnn_bin
19-Apr-2012
Wall Street Ends Turbulent Day in the Red | Fox Business
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Taxes on Dividends to
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REUTERS

A bout of weak economic data and continued concerns about major
eurozone countries overshadowed generally upbeat corporate earnings,
sending the markets skidding into the red.
Today's Markets
The Dow Jones Industrial Average fell 68.7 points, or 0.53%, to 12964,
the S&P 500 dipped 8.2 points, or 0.59%, to 1377 and the Nasdaq
Composite fell 23.9 points, or 0.79%, to 3008.
It's been another volatile week on Wall Street: stocks posted big gains
on Tuesday just to pull back on Wednesday and Thursday.
Looking at the broad markets, the worst performers by a wide margin
were industrial and technology companies. Out of the blue chips,
McDonald's (MCD: 95.28, -2.06, -2.12%), Alcoa (AA: 9.76, -0.19, 1.91%), Bank of America (BAC) and Caterpillar (CAT: 107.36, -1.39, 1.28%) posted the biggest losses.
Market participants bid up U.S. Treasury bonds amid the rising anxiety
on the day. As a result, the yield on the 10-year note fell 0.018percentage point to 1.963%.
Show More
GAS PRICES
More Stories

Soar
Lows, Ahead Of Data
Data Deluge
Traders had a bounty of economic data to sort through on the day.
Sales of existing single-family homes fell 2.6% in March to a 4.48-million
unit annualized rate, according to the National Association of Realtors.
http://www.foxbusiness.com/markets/2012/04/19/wall-street-ends-turbulent-da...
19-Apr-2012
Economists had expected sales to rise to an annualized rate of 4.62

million units.
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"The recent improvement in housing indicators has clearly stalled in

March," Dan Greenhaus, chief global strategist at BTIG wrote in a note
to clients on the heels of the report. "We are most certainly not set to
declare that the housing recovery is over but a strong start to the spring
selling season is simply not in the data."
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Manufacturing activity in the mid-Atlantic region expanded at the

slowest pace since January in April, according to the Philadelphia
Federal Reserve. The banks's monthly gauge hit 8.5 on the month from
12 the month prior. Economists were looking for a reading of 12.5.
Readings above 0 point to expansion while those below indicate
contraction.
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The number of individuals applying for first-time unemployment benefits

fell to 386,000 last week from a revised 388,000 the week before, the
Labor Department reported. Economists were expecting claims to drop
to 370,000 from an initially reported 380,000.
Eurozone Worries Still in Focus
52.61
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The debt crisis in Europe has once again come back into focus as the
yield on Spanish and Italian debt has started climbing amid concerns
about the countries' abilities to close their fiscal gaps amid a weak
economy.
The closely-eyed bond sale in Spain saw strong demand on Thursday.
The country sold 2.54 billion euro in two and 10-year notes, better than
its target of 2.5 billion. Bid-to-cover ratios, which are another measure of
demand, also improved markedly from the last auction. Still, the
strength came at a price: the borrowing cost on both increased, with the
10-year yield averaging 5.743%.
With anxiety still high, the cost to insure Spain's debt stayed near record
highs, according to London-based Markit, which records spreads on
sovereign credit default swaps. Spain's IBEX sold off by 1.6%, while the
U.S. dollar strengthened by 0.32% against a basket of six world
currencies tracked by the dollar index.
Earnings Season Revs Up
Earnings season is also in full swing, with a slew of major companies
reporting generally upbeat results on the day.
Bank of America (BAC: 8.77, -0.15, -1.68%) posted a first-quarter profit
of 3 cents a share, or 31 cents excluding an adjustment related to credit
spreads. Analysts were looking for the bank to earn 12 cents. Revenue
came in at $22.28 billion, lighter than the $22.51 billion expected.
Morgan Stanley (MS: 18.07, +0.41, +2.32%) posted a first-quarter loss
of 5 cents a share on continuing operations. Excluding a one-time
charge, the investment bank earned 71 cents, much stronger than the
44 cents analysts expected. Sales came in at $8.9 billion, stronger than
the $7.31 billion expected.
Verizon Communications (VZ: 38.15, +0.49, +1.30%) unveiled a firstquarter EPS of 59 cents on sales of $28.24 billion. The blue-chip
technology company was forecast to earn 58 cents on $28.17 billion.
19-Apr-2012
Page 3 of 4
Travelers (TRV: 61.70, +2.23, +3.75%) revealed a first-quarter

operating profit of $2.01 a share on sales of $6.39 billion. Analysts
expected the Dow component to earn $1.52 a share on $5.71 billion.
DuPont (DD: 52.61, -0.66, -1.24%) said it earned $1.61 a share last
quarter, excluding one-time items, topping forecasts from analysts for
$1.55. The blue-chip company posted sales of $11.23 billion, which was
in-line with expectations.
Energy markets were mostly lower. Crude oil traded in New York dipped
gasoline sold off by 5 cents, or 1.5%, to $3.154 a gallon.
In metals, gold rose $1.80, or 0.11%, to $1,641 a troy ounce.
Foreign Markets
European blue chips fell 1.9%, the English FTSE 100 slid 0.01% to
5745 and the German DAX dipped 0.9% to 6671.
In Asia, the Japanese Nikkei 225 slumped 0.82% to 9588 and the
Chinese Hang Seng rallied 1% to 20995.
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BSE Sensex falls; state-run banks under pressure - Yahoo! Finance
1 of 1
http://finance.yahoo.com/news/bse-sensex-falls-state-run-123152811.html
Reuters Fri, Apr 20, 2012 12:16 PM EDT
MUMBAI (Reuters) - The BSE Sensex snapped a four-day-rally as Reliance Industries fell ahead of its earnings results
while state-run banks declined on worries about their margins due to a government directive to lower their lending and
deposit rates.
Shares were also hit in the afternoon after Nifty futures dropped suddenly amid market speculation of a trading error.
The National Stock Exchange later said it had not spotted any errors on its trading systems.
After the market close, Reliance Industries (RELI.NS) said net profit in the fiscal fourth quarter fell 21.2 percent to 42.36
billion rupees, slightly below expectations. Shares had fallen 1.5 percent ahead of those results.
The main 30-share BSE index fell 0.74 percent to 17,373.84 points, while the 50-share NSE index lost 0.78 percent to
5,290.85.
The BSE index rose 1.6 percent this week, marked by a rally sparked by the Reserve Bank of India's aggressive 50 basis
points cut in the repo rate on Tuesday.
Lenders had rallied on hopes easing move would bolster growth, but investors are now growing concerned that lenders
are under pressure to lower lending and deposit rates sooner than they had hoped.
State-run banks were among the day's big decliners. Bank of Baroda (BOB.NS) fell 2 percent, while Bank of India
(BOI.NS) fell 2.2 percent.
"There are expectations or fear in the market that government will force PSU banks to cut rates in a hurry, (which) will
result in some contraction in margins in coming quarters," Manish Ostwal, a sector analyst at brokerage KR Choksey said,
referring to public sector unit banks.
Among other decliners, shares in cement manufactures fell for the second day, after posting a fall in quarterly profit on
Thursday.
Shares in ACC Ltd (ACC.NS) fell 1.6 percent, while Ambuja Cements (ABUJ.NS) fell 2.2 percent.
Trading in the afternoon was coloured by a sudden drop in Nifty futures, which fell as much as 6.7 percent at one point.
Dealers attributed the declines a potential trading error involving index futures and Infosys futures.
However, the National Stock Exchange said it had not spotted errors in its trading systems, denying the market
speculation.
(Reporting by Manoj Dharra; Editing by Rafael Nam)
Copyright 2012 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited
without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions take
in reliance thereon.
Copyright 2012 Yahoo! Inc. All rights reserved. /
24-Apr-2012 12:36 AM
The Hindu : Business / Markets : Sensex falls by over 125 points
1 of 1
Business Markets
Sensex falls by over 125 points

IANS
PTI A broker reacts at a brokerage firm in Mumbai. File photo
Indian equities were in the red on Friday after a key index opened lower and closed trade 130 points down und
selling pressure. The index had risen more than 400 points this week after the countrys central bank announce
interest rate cut.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 17,459.72, against the previous clo
17,503.71 points. After moving up to an intra-day high of 17,519.88 and touching a low of 17,231.34, it closed the
at 17,373.84, down 129.87 points, or 0.74 per cent.
The 50-scrip S&P CNX Nifty of the National Stock Exchange also ended the day 0.78 per cent or 41.55 points do
at 5,290.85 points.
There was an evident selling pressure, especially in capital goods, banking and power stocks. The BSE capital g
index was down 184.77 points at 9,873.98.
Top losers included Hindalco, down 3.15 points at Rs.125; Tata Power, down 2.45 points at Rs.105; ONGC, dow
6.10 points at Rs.266.15; BHEL, down 5.15 points at Rs.246.05; Larsen and Toubro (L&T), down 26.27 points a
Rs.1,292.50; and ICICI Bank, down 17.30 points at Rs.860.50.
Top gainers included Mahindra and Mahindra, up 20.40 points at Rs.726.65; Wipro, up 3.15 points at Rs.424.4
Tata Steel, up 3.40 points at Rs.470.40; Cipla, up 2.05 points at 321.10; and Coal India, up 1.25 points at Rs.36
The midcap index was down 63.21 points while the small cap index down 32.25 points.
While, 1,267 stocks advanced in the days trade, 1,335 scrips declined, with 116 stocks remaining unchanged.
Keywords: BSE, NSE, Sensex, Nifty
The
24-Apr-2012 12:37 AM
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REUTERS

U.S. and European markets sold off on Monday as traders worried
about renewed eurozone political instability and a round of weak
economic data.
Today's Markets
The Dow Jones Industrial Average fell 102 points, or 0.78%, to 12927,
Composite dropped 30 points, or 1%, to 2970.
The Dow was down slightly less than 183 points at the lows of the
session, meaning it was able to make a considerable comeback bid on
the day.
Show More
The selloff on Monday was fairly broad. All but three Dow components
ended in the red, with Wal-Mart (WMT: 59.54, -2.91, -4.66%), Bank of
America (BAC: 8.18, -0.18, -2.15%) and General Electric (GE: 19.07, 0.29, -1.50%) taking the heaviest losses.
GAS PRICES
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Oil Ends Down; Natural Gas Rallies Back To

$2/btus
Conoco 1Q Profit Falls 3%; Misses Views
Looking at the broader markets, basic materials and industrial

companies fell by the sharpest margin. The number of shares trading
hands in advancing shares outpaced that of declining shares by a ratio
of more than 5-to-one on the New York Stock Exchange, according to
data compiled by FOX Business.
Conoco Executive: To Continue Cutting Natural

Gas Output Due To Low Prices
http://www.foxbusiness.com/markets/2012/04/23/euro-anxiety-knocks-stocks-l...
23-Apr-2012
Traders scooped up U.S. Treasury bonds as they fled riskier asset

classes. The yield on the 10-year dropped 0.039-percentage point to
1.926% as a result, briefly touching a two-month low. Volatility jumped
5% as tracked by the CBOE's VIX, sometimes referred to as Wall
Street's fear gauge.
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Comments (7)
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Market participants had a slew of headlines from across the globe to

digest to kick off what may be a busy trading week.
8
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WAL-MART STO...
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Germany, Europe's powerhouse economy, saw activity in its important

manufacturing sector contract at a the swiftest pace in 33 months.
Meanwhile, France's key service-sector activity slumped to a six-month
low.
-0.83
BAC
GE
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Markit's eurozone PMI gauge suggested the 17-member currency bloc's

economic output contracted at the swiftest pace in five months in April.
The measure came in at 47.4, down from 49.1 in March. Readings
above 50 point to expansion, while those below indicate contraction.
WMT
19.07
-0.29
32.12
"Germanys economy continued to rest on a knife edge of recession in

April, with modest service sector growth only just counterbalancing the
escalating manufacturing downturn," Tim Moore, a senior economist at
Markit said in a note accompanying the data.
Also on the European front, talks aimed at bringing the Netherlands'
deficit in-line with a fiscal compact agreed to by all members of the
eurozone broke down. As a result, Prime Minister Mark Rutte and his
cabinet tendered their resignation, according to multiple media reports
citing the country's Government Information Service.
-0.30
22.38
-0.18
50.70
The developments in the Netherlands "not only threatens early elections

in the Netherlands, but also poses a significant threat to the effective
ratification of the fiscal compact, the central plank in (German)
Chancellor Merkels strategy for addressing the eurozone crisis,"
analysts at Nomura wrote in a note to clients.
-3.29
French President Nicolas Sarkozy came in second to Socialist

candidate Franois Hollande in a preliminary election contest. Sarkozy
is a major part of the eurozone's drive to enforce tough austerity
measures in its bid to fight the debt crisis. As a result, analysts said a
loss by Sarkozy could be destabilizing.
Many exchanges throughout the continent fell more than 2%. Traders
also bid up safe-haven Bunds in favor of comparatively risky French and
Dutch debt, increasing those spreads.
In Asia, another PMI survey by HSBC showed China's manufacturing
sector contracted at a slower rate in April from the month prior.
On the corporate front, Wal-Mart fell sharply after an article in the New
York Times accused the retail giant of silencing a bribery investigation
regarding its affiliate in Mexico. Fellow blue chip Pfizer (PFE: 22.38, 0.18, -0.80%) said that it will sell its infant nutrition business to Swiss
company Nestle for $11.85 billion.
There are also a slew of corporate earnings on tap for this week, with
176 companies set to report.
ConocoPhillips (COP: 72.33, -0.55, -0.75%) reported weaker-thanexpected adjusted quarterly profit, knocking sales lower. Kellogg (K:
50.70, -3.29, -6.09%) also posted a disappointing quarterly profit, and
23-Apr-2012
Page 3 of 4
pared back its full-year outlook.

Commodities were mixed. Crude oil traded in New York slid 77 cents, or
0.74%, to $103.11 a barrel. Wholesale New York harbor gasoline rose
1.4% to $3.19 a gallon.
Foreign Markets
European markets tumbled 2.9%, the English FTSE 100 fell 1.9% to
5666 and the German DAX sold off by 3.4% to 6523.
In Asia, the Japanese Nikkei 225 slipped 0.2% to 9542 and the Chinese
Hang Seng dropped 0.79% to 20624.
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23-Apr-2012
The Hindu : Business / Markets : Sensex plunges 277 points
1 of 1
Business Markets

PTI
PTI Investors react as they watch the stock prices at a facade of BSE in Mumbai. File photo
The BSE benchmark index, Sensex tumbled 277 points to 17096.68 on Monday on across-the-board selling led
heavyweight Infosys ahead of settlement in this month's derivatives contracts and weak global markets.
Infosys dropped 3.92 per cent on reports that it may face heat as the U.S. Department of Homeland Security is
reviewing its employer eligibility after finding errors in identity verification forms of some of the company's sta
Marketmen also attributed the fall to a report that a hedge fund has exited short positions in India's single stoc
futures.
The decline was, however, cushioned by Reliance which gained 0.64 per cent despite a sharp dip in forth quarte
earnings, as they were in line with investor expectations.
The BSE 30-scrip index, Sensex, opened lower at 17347.76 and moved between 17444.18 and 17056.77. It closed
17096.68, down 277.16 points from Friday's closing of 17373.84, when it fell 130 points. The NSE 50-share inde
Nifty also dropped to 5200.60
Keywords: BSE, NSE, Sensex, Nifty, global markets
The
24-Apr-2012 12:40 AM
Europe and China weigh down stocks - Apr. 23, 2012
Page 1 of 2
Stocks end day down on China, Europe fears

By Maureen Farrell @CNNMoneyMarkets April 23, 2012: 4:41 PM ET
NEW YORK (CNNMoney) -- European political uncertainty and another sign of a slowdown in the Chinese economy
pushed stocks down Monday, with the three major U.S. indexes falling more than 1% before rebounding somewhat in
afternoon trading.
Investors reacted to news that French President Nicolas Sarkozy came in second place in the first round of elections there
behind Socialist candidate Francois Hollande, who has been openly hostile to EU austerity measures.
Plus, the Dutch prime minister, Mark Rutte resigned, putting that country's prized AAA rating in jeopardy.
News of a slowdown in China's manufacturing sector also exacerbated investors' skittishness at the start of what will be a
busy week on the economic and earnings front.
"The events over the weekend re-ignited concerns that the European community is going to have trouble working out a
coordinated plan for austerity," said Douglas DePietro, head of equity sales trading at Evercore.
The Dow Jones industrial average ( INDU) ended the day down 102 points, or 0.8%. The S&P 500 ( SPX) shed 12
points, or 0.8%, and the Nasdaq ( COMP) lost 30 points, or 1%.
In the U.S., Wal-Mart ( WMT, Fortune 500) dragged down the Dow after it was hit by allegations that top executives in its
Mexican division attempted to conceal a widespread bribery scheme.
Shares closed down nearly 5%, and shares of its publicly traded Mexico unit dropped nearly 12%. The company says it is
investigating the allegations.
U.S. stocks finished mostly higher Friday, as investors welcomed another round of strong earnings from corporate
America and positive news out of Europe. However, the tech-heavy Nasdaq finished lower for a third straight week.
Europe: French President Sarkozy, one of the architects of the European agreement to avert sovereign debt default, lost
the first round of elections and will face Hollande in a May 6 runoff.
Europe: 'Dark clouds on the horizon'
Meanwhile, the Dutch Prime Minister's resignation prompted new elections, after one of his coalition partners in the
government withdrew due to negotiations over the 2013 budget. This could place the Netherlands' AAA credit rating at risk,
according to Kathleen Brooks, research director of Forex.com.
"Holland was once considered a 'safe' triple A nation, however, that may not be the case," Brooks wrote in a note to clients
Monday. "The Netherlands has overtaken France as the largest political risk this week."
http://money.cnn.com/2012/04/23/markets/stocks/index.htm?hpt=hp_t2
23-Apr-2012
Europe and China weigh down stocks - Apr. 23, 2012
Page 2 of 2
The latest reading on eurozone manufacturing also fell unexpectedly Monday to the lowest level since November, a sign
that the 17-nation block has fallen further into recession.
Worries that the problems in Europe are still not over were further driven home by Christine Lagarde, the managing
director of the International Monetary Fund. Lagarde warned at meetings of the IMF and World Bank over the weekend that
the "dark clouds on the horizon" for the global economy threatened the "light recovery blowing in a spring wind."
European stocks ended sharply lower on Monday. Britain's FTSE 100 ( UKX) shed 1.85%, while the DAX ( DAX) in
Germany plunged 3.4% and France's CAC 40 ( CAC40) dropped 2.8%.
World markets: Fueling investor concerns about the global economy was a preliminary reading on Chinese
manufacturing released early Monday, showing a contraction for the second straight month.
Asian markets ended lower across the region. The Shanghai Composite ( SHCOMP) shed 0.8%, the Hang Seng ( HSI)
in Hong Kong closed down 1.8% and Japan's Nikkei ( N225) slid 0.2%.
Companies: It was a busy merger Monday with two deals announced ahead of the open. Dow component Pfizer ( PFE,
Fortune 500) reached an agreement to sell its baby formula business to Nestl ( NSRGF) for $11.85 billion in cash. And
AstraZeneca ( AZN) announced it is buying Ardea Biosciences ( RDEA), a California-based biotechnology company, for
$1.3 billion, or $32 a share -- a 54% premium from Friday's closing price.
On Monday afternoon, Facebook announced that it would spend $550 million to buy part of Microsoft ( MSFT, Fortune
500)'s patent portfolio that it acquired from AOL ( AOL) two weeks ago for $1 billion.
Xerox ( XRX, Fortune 500), ConocoPhillips ( COP, Fortune 500), and Kellogg ( K, Fortune 500) released first-quarter
results ahead of the opening bell.
Xerox reported adjusted earnings of 23 cents a share, unchanged from a year earlier and matching forecasts. Its shares
spiked following the report, but closed up only slightly. ConocoPhillips posted improved earnings of $2.02 a share, but it fell
short of forecasts of a $2.08 a share. Its shares lost 0.8%.
Kellogg's shares plummeted 6% after the cereal company cut its outlook citing the slowdown in Europe.
Can Netflix pull a rabbit out of its hat?
Shares of Netflix ( NFLX) dropped nearly 14% in after hours trading on a weak outlook for the current quarter. Netflix
managed to beat analysts' estimates but that wasn't enough to help the stock. The company reported a first quarter loss of
8 cents per share better than forecasts for a 27 cents per share loss.
Currencies and commodities: One piece of good news for the U.S. economy is that average gas prices continued to
retreat farther away from the $4 level.
The biweekly Lundberg Survey marked its first decline of the year, while the daily survey from AAA showed its seventh
straight decrease, further raising hopes that gas prices might have already peaked for the year.
Gas prices keep easing away from $4
Oil for June delivery fell 77 cents to $103.11 a barrel.

The dollar gained strength against the euro and the British pound, but slipped against the Japanese yen.
Gold futures for June delivery lost $10.20 to $1,632.60 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury edged higher, pushing the yield down slightly to 1.93%.
http://money.cnn.com/2012/04/23/markets/stocks/index.htm?hpt=hp_t2
23-Apr-2012
The Hindu : Business / Markets : Sensex tumbles 151 points
1 of 1
Business Markets
Published: May 3, 2012 16:35 IST | Updated: May 3, 2012 16:35 IST
Sensex tumbles 151 points

PTI
Led by a poor show in auto and banking stocks, the BSE benchmark Sensex on Thursday fell by 151 points on h
selling by foreign funds on weak earnings and a sliding rupee amid negative global cues.
The 30-share Sensex, which had lost 17 points in the previous session, fell by a further by 150.72 points, or 0.87
cent to close at 17,151.19.
On similar lines, the broad-based National Stock Exchange index Nifty fell 50.75 poins, or 0.97 per cent to settl
5,188.40.
Brokers said the foreign funds remained net sellers as the rupee falling to its four-month lows, raised concerns
the governments ability to bridge the gap in widening deficits.
They said the selling pressure further gathered momentum following weak earnings by Hero MotoCorp and FM
Major Marico. The negative trend in overseas markets fuelled by investor sentiment after weak economic data
released by US and Eurozone also played a role.
FIIs were also reluctant to create positions following the government proposals to introduce the General Anti
Avoidance Rule (GAAR) to curb evasion of taxes, brokers added.
The BSE Auto sectoral index suffered the most by losing 2.43 per cent to 10,209.04, followed by BSE Metal inde
that dropped by 1.75 per cent to 10,833.90. The BSE Bankex fell by 1.74 per cent to 11,653.70.
Major index losers were Hero MotoCorp, Maruti Suzuki, Tata Motors, Bajaj Auto, Mahindra and Mahindra, IC
Bank, Larsen and Toubro, Jindal Steel, State Bank of India, Tata Steel, Coal India, DLF, Gail India and ONGC.
However, bucking the overall trend, the BSE IT sector led by Infosys and Tata Consultancy Services (TCS) gaine
0.71 per cent as investors expected the weak rupee to aid margins.
Keywords: sensex, BSE, closing trade
Printable version | May 7, 2012 8:44:12 AM | http://www.thehindu.com/business/markets/article33803
The
06-May-2012 11:14 PM
Stocks stumble ahead of April jobs report - May. 3, 2012
1 of 3
By Hibah Yousuf @CNNMoneyInvest May 3, 2012: 5:34 PM ET
NEW YORK (CNNMoney) -- U.S. stocks stumbled Thursday, as investors digested conflicting economic data ahead of
Friday's all-important jobs report.
The day started on an optimistic note, as a decline in weekly jobless claims lifted hopes ahead of the April jobs
reading, due Friday morning.
But shortly after the opening bell, investors were hit with a weaker-than-expected reading on the U.S. service sector, w
includes the retail, construction, financial services, health care and hotel industries. The Institute of Supply Manageme
Service index showed that the service sector had the slowest expansion of the year in April.
The Dow Jones industrial average ( INDU) dropped 62 points, or 0.5%, the S&P 500 (
and the Nasdaq ( COMP) fell 36 points, or 1.2%.
SPX) slipped 11 points, or 0
"It's all about jobs right now," said Kim Forrest, senior equity analyst at Fort Pitt Capital Group. "The better-than-expec
jobless claims number gave the market some hope for tomorrow, but the ISM Service index took that hope away."
While the monthly jobs number is always highly anticipated by market participants, the readings for April and May will
especially important for predicting the Federal Reserve's next steps, said Forrest. Its Operation Twist program, which
swaps short-term bonds on its balance sheet for longer-term securities, expires in June.
"The Federal Reserve will look at the April and May jobs number very closely to decide whether it needs to take furthe
action or can sit back and do nothing," Forrest said. "Part of the reason we've seen a small pullback in stocks recently
because it's still unclear what the Fed will do in June."
Economists surveyed by CNNMoney expect the Labor Department's data to show 160,000 jobs added in April. While
that's an improvement from March's weak growth, the pace is still slow compared to job gains in December, January a
February -- each of which exceeded 200,000.
If the upcoming reports continue to trend negative, "that would throw a pebble in the Fed's decision basket for taking s
action," Forrest said.
But anything that shows even modest improvement would allow the central bank to stay put, despite cries for a third ro
of long-term debt buying, known as quantitative easing, or QE3.
06-May-2012 11:10 PM
2 of 3
U.S. stocks ended mixed Wednesday as investors digested the weak ADP report and mostly upbeat corporate results
World markets: European Central Bank officials voted Thursday to hold interest rates steady, even as the euro-are
economy slides toward recession. But ECB president Mario Draghi appeared to hint that there could be rate cuts in th
future.
European stocks finished mixed following Draghi's comments. Britain's FTSE 100 (
( DAX) in Germany slipped 0.2% and France's CAC 40 ( CAC40) lost 0.1%.
UKX) ticked up 0.2%, the DAX
Asian markets ended mixed. The Shanghai Composite ( SHCOMP) edged up just less than 0.1%, while the Hang Se
( HSI) in Hong Kong slid 0.3%. Tokyo was closed for a holiday.
Economy: Initial jobless claims for the week ended April 28 totaled 365,000, according to the Labor Department, whic
was less than expected.
Jobless claims were forecast to total 375,000, according to a survey of economists by Briefing.com -- an improvement
from the revised figure of 392,000 in the week prior.
The Institute of Supply Management's Service index pulled back to 53.5 in April, from 56 in March and below analyst
expectations. While a reading above 50 indicates growth, April's figure represented the slowest expansion in
non-manufacturing activity since December.
Facebook readies for mid-May IPO
Companies: Investors also continued to sort through a deluge of first-quarter corporate results.
Prudential Financial's ( PRU, Fortune 500) 10% tumble made it the worst-performing stock on the S&P 500. Late
Wednesday, the company posted a first-quarter loss of almost $1 billion.
Shares of General Motors ( GM, Fortune 500) fell more than 2% after the automaker reported strong first-quarter
earnings on good results in its domestic market, but took a hit on its bottom line from rising losses and special charges
Europe.
Green Mountain Coffee Roasters ( GMCR) was the biggest loser on the Nasdaq, as shares plummeted nearly 50%
The company reported quarterly revenue that missed estimates and lowered its guidance for 2012
Shares of online reviews site Yelp ( YELP) dropped after the company reported a net loss of $9.8 million, or 31 cen
per share, for the first quarter of 2012 -- its first as a publicly traded company. Yelp is in the process of investing in
international expansion.
Private equity firm The Carlyle Group ( CG) priced its IPO Wednesday evening at $22 per unit, which was lower tha
proposed $23 to $25 per unit range. Shares finished slightly higher on the first day of trading.
Facebook set the price range for its initial public offering between $28 to $35 a share and raised its offering size to $1
billion. If its IPO prices at the top of the range, the company would be valued at just shy of $75 billion. Facebook will se
actual price the night before it begins trading on the tech-heavy Nasdaq exchange under the ticker "FB."
After Thursday's closing bell, LinkedIn ( LNKD) posted a first-quarter profit that more than doubled from a year earlie
revenue jumped 100%. The company also announced that it is buying presentation-sharing website SlideShare for $11
million. Shares bounced in after-hours trading.
AIG ( AIG, Fortune 500) also said its first-quarter profit jumped two-fold, but the bailed-out insurer's stock dipped in
after-hours trading.
Currencies and commodities: The dollar rose against the euro, the British pound and the Japanese yen.
Oil for June delivery fell $2.68 to settle at $102.54 a barrel.
06-May-2012 11:10 PM
3 of 3
Gold futures for June delivery dropped $19.20 to settle at $1,634.80 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury was little changed, with the yield holding steady around
1.92%.
Are you worried about how the 2012 presidential election will impact your investment portfolio? Which candidate do yo
think will be better for the stock market? E-mail Hibah.Yousuf@turner.com for the chance to be included in an upcom
story.
First Published: May 3, 2012: 9:51 AM ET
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By Adam Samson
Published May 04, 2012

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FOXBusiness
Napolitano: Supreme
Court Will Throw Out
Entire Statute
Disappointing Jobs
Report a Result of
Weather?
REUTERS
Print
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Gloomy data suggesting the U.S. economic recovery may be veering off
course darkened traders' sentiment, sending the markets tumbling in the
worst weekly showing of the year.
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Today's Markets
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The Dow Jones Industrial Average slid 168 points, or 1.3%, to 13038,
the S&P 500 fell 22.5 points, or 1.6%, to 1369 and the Nasdaq
Composite dipped 68 points, or 2.3%, to 2956.
For the week, the Nasdaq skidded 3.7%, the S&P 500 dropped 2.4%
and the Dow fell 1.4%. It was the worst week of 2012 for the S&P 500
and Nasdaq.
Show More
GAS PRICES
Zuckerberg a No-Show at
Facebook Road Show?
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Oil Dives 3%, Set for
Biggest 3-Day Rout Since
December
Week Ahead: Earnings,
Inflation and Facebook
Roadshow
The energy, technology, materials and industrial sectors took the worst
hit on the day. At the same time, the utilities sector, often seen as a
defensive play, was in the green. Traders also bid up safe-haven
Treasury bonds, pushing the yield on the 10-year down 0.046percentage point to 1.880%.
In a sign of the breadth of the selling, volatility lurched 8% higher and
there were six trades in declining shares for each one in an advancing
share on the New York Stock Exchange.
More Stories
Colombia Stocks Decline On Oil Shares;

Peso Weakens Slightly
ADR Report: Shares Lower As Price Of
Oil Tumbles
US Crude Oil Tumbles Below $100 On
Host Of Factors
Oil prices plunged $4.05, or 4%, to $98.49 a barrel amid fears a

slowdown in the U.S. economic recovery could weaken demand. Crude
shed more than 6% on the week -- the worst drop since September.
http://www.foxbusiness.com/markets/2012/05/04/disappointing-jobs-data-weig... 05-May-2012
Wholesale gasoline, meanwhile, dropped 5.4% for the week.
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Economic reports this week have painted a murky picture of the

trajectory of the world's biggest economy. One closely-eyed report
showed the manufacturing sector expanding at an accelerating pace,
but then another showed the recovery in the services segment is
slowing down.
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The monthly employment report from the Labor Department is widely

considered to be on of the most important pieces of data on the U.S.
economy. The economy added 115,000 jobs in April, far weaker than
the 170,000 gain that was expected. The unemployment rate fell 0.1percentage point to 8.1% for the month, compared to expectations of no
change. The March gain was also revised up to 259,000 from 240,000.
The so-called labor force participation rate, which tracks the proportion
of the working-age population either employed or actively seeking
employment, fell to 63.6% -- the lowest since 1981. That means more
people actually left the labor force over the course of the month.
"Ignoring the specifics of todays report, the larger theme of slower job
creation should now be embedded," Dan Greenhaus, chief global
strategist at BTIG wrote in an e-mail.
Michael Gapen, an economist at Barclays Capital said in a note to
clients that he does "not believe the April report signals conclusively that
the labor market has taken a turn for the worse." He also noted that the
weak data will likely not provide a sufficient impetus to cause a shift in
the Federal Reserve's policy at its June meeting.
Reports on major economies in the eurozone broadly came as a
disappointment on the day. The services sector in Germany, France,
Italy, and the currency bloc as a whole continue to contract amid strong
headwinds from the debt crisis. This weekend, there will be important
elections in France and Greece that analysts say could upset the fragile
political system there and put previous agreements in peril.
The elections have "the potential to escalate the [eurozone] crisis by
raising anxieties about fiscal discipline," Markit Chief Economist Chris
Williamson wrote in an e-mail.
In metals, gold gained $10.40, or 0.64%, to $1,645 a troy ounce.
Foreign Markets
European blue chips sold off by 1.7%, the English FTSE 100 tumbled
1.9% to 5655 and the German DAX fell 2% to 6561.
In Asia, the Japanese Nikkei 225 rose 0.31% to 9380 and the Chinese
Hang Seng slid 0.77% to 21086.
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Small Business
Financial Express : Sensex extends losses for second week
1 of 1
http://www.financialexpress.com/printer/news/945806/
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Sensex extends losses for second week
Agencies
Posted online: 2012-05-05 16:15:37+05:30
MumbaiThe BSE benchmark Sensex continued its slide for the second week in a row, dropping by more than 350 points and
touching a three-month low of 16,831 due to persistent selling pressure from operators.
Higher fiscal deficit, rising inflation and lower industrial production data amid sustained fall in the rupee value to sub-53 level, a
more-than four-month low, against the dollar mainly affected the market sentiment, a broker said.
Selling was also witnessed on fears of capital gains on investments made last year, which may come under the controversial
General Anti-Avoidance Rule (GAAR) - proposed in the 2012-13 Budget. However, according to Finance Ministry officials,
GAAR is not expected to come into force with retrospective effect unlike amendments to the Income Tax Act.
The 30-share Sensex resumed higher at 17,195.51 but declined afterwards to close below 17,000 mark at 16,831.08, a net loss
of 356.26 points, or 2.07 per cent, from its previous weekend's level. The key index had settled at 16,751.73 on January 23,
2012.
The NSE's wide-based Nifty also plunged by 122.15 points, or 2.34 per cent, to settle at 5,086.85, a level not seen in more than
three months.
Auto, capital goods, power, banking, metal, PSUs and realty counters took severe beating.
Banking stocks slumped as the Reserve Bank of India's final guidelines to implement the Basel-III capital rules require banks to
steadily build up their capital buffers through March 2018.
A statement from the Asian Development Bank (ADB) about slow economic recovery in the US and further escalation of
financial crisis in Europe adversely impacted the market.
Two-wheeler giant Hero MotoCorp was the top loser from the Sensex pack, falling 9.28 per cent, even the company posted
20.33 per cent increase in net profit for the fourth quarter ended March 31, 2012.
As a result, other auto stocks like Tata Motor, Maruti Suzuki, Bajaj Auto and M&M also finished with marked losses.
However, IT stocks rose on weak Indian currency. A weak rupee boosts revenue of IT firms in rupee terms as the tech sector
derives a lion's share of revenue from exports, mainly to the US.
Other major losers from the Sensex pack were Maruti (8.16 per cent), BHEL (6.65 per cent), SBI (6.45 per cent), Tata Steel
(6.39 per cent), Coal India (6.19 per cent), Larsen (5.91 per cent), Bajaj Auto (5.81 per cent), NTPC (4.65 per cent), Sterlite Ind
(4.35 per cent), Icici Bank (4.02 per cent), M&M (3.76 per cent), Tata Motors (3.72 per cent), Tata Power (3.28 per cent),
Gail India (2.91 per cent) and Reliance Industries (1.82 per cent).
However, TCS shot up by 6.25 per cent followed by Cipla 4.73 per cent, Hindustan Unilver 4.34 per cent, Wipro 2.09 per cent,
Infosys 1.85 per cent and Bharti Airtel 1.56 per cent.
Among the major indices the BSE-Auto fell by 5.21 per cent followed by the BSE-Capital Goods 5.20 per cent, the BSE-Power
4.21 per cent, the Bankex 4.05 per cent, the BSE-Metal 3.71 per cent, the BSE-PSU 3.69 per cent, the BSE-IPO 3.63 per cent,
the BSE-Realty 2.82 per cent, the BSE Oil&Gas 1.83 per cent and the BSE-FMCG 1.48 per cent.
Both the BSE-Midcap and the BSE-Samllcap indices declined by 2.73 per cent and 2.05 per cent respectively.
However, the BSE-IT shot up by 2.89 per cent, the BSE-Teck rose by 2.24 per cent and the BSE-Healthcare by 0.36 per cent.
The total turnover at BSE and the NSE fell to Rs 8,034.71 crore and Rs 39,915.45 crore respectively from the previous
weekend's level of 11,061.34 crore and Rs 54,479.77 crore.
Both the stock exchanges were closed on May 1, 2012 for Maharashtra Day.
05-May-2012 12:53 PM
The Hindu : Business / Markets : Asia stocks plunge after Europe election...
1 of 1
Business Markets
Asia stocks plunge after Europe elections, U.S. data

AP
AP A trader talks on the phone at the Hong Kong Stock Exchange. File photo
Asian stocks are sliding after elections in Greece and France heightened uncertainty about Europes ability to s
its debt crisis.
Japans Nikkei 225 index has plunged 2.5 per cent on Monday to 9,142.47. Hong Kongs Hang Seng tumbled 2.
cent to 20,564.87. South Koreas Kospi shed 1.7 per cent.
In Greece, which has been battling a severe debt crisis for more than two years, no political party won enough v
to form a government.
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06-May-2012 11:06 PM
The Hindu : Business / Markets : Equities dip on GAAR issue
1 of 2
Business Markets
Equities dip on GAAR issue

PTI The BSE benchmark, which had remained volatile in last few sessions, plunged to 16,546.18, a level last seen on January 18, 20
File photo
T
The 30-share Bombay Stock Exchange (BSE) Sensitive Index (Sensex) lost 366.53 points or 2.17 per cent on Tu
as foreign investors sought more clarifications on General Anti-Avoidance Rules (GAAR) proposals.
The Sensex closed at 16546.18. The fall was led by consumer goods sector with 3.44 per cent followed by inform
technology 3.09 per cent and banks 2.84 per cent.
A broader National Stock Exchange's S&P Nifty index closed below the 5000-mark at 4999.95, a fall of 114.20 p
or 2.23 per cent.
The late trade witnessed a sudden fall in indices. The General Anti-Avoidance Rules (GAAR) was intended to be
introduced from April 1, 2011. However, it has been deferred by one year.
There also seems to be an intent to shift the onus of proof from the tax payer to the tax department, which is v
welcome. However, a fundamental issue that still needs to be addressed is the trigger of GAAR itself the draf
proposal contemplates the trigger where one of the main purposes is to obtain a tax benefit'. Given that tax be
is worded unreasonably widely, one hopes that this issue will also be addressed, said Ketan Dalal, Joint Tax Le
PwC India.
PTI reports:
Rupee erases early gains
Reversing day's early gains, rupee closed lower by 21 paise at 53.12 against the dollar as relief to foreign funds o
strenuous GAAR provisions seemed short-lived. Forex dealers said the fall in rupee would have been steeper bu
RBI's intervention. Dealers said though General Anti-Avoidance rules (GAAR) had been postponed by one year
capital flows would take sometime to come back to Indian markets.
08-May-2012 11:34 PM
The Hindu : Business / Markets : Equities dip on GAAR issue
2 of 2
The rupee had gained an impressive 56 paise on Monday after Finance Minister Pranab Mukherjee had deferre
implementation of GAAR by one year from April 2013 in Parliament. After touching a high of 52.68 in early trad
Tuesday, the rupee, moving in tune with the stock market, slumped to a low of 53.31 before concluding at 53.12
The
08-May-2012 11:34 PM
Greek Political Tumult Spooks Wall Street | Fox Business
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Greek Political Tumult Spooks Wall Street

By Adam Samson
Published May 08, 2012 | FOXBusiness

Traders dashed out of risky assets and into the shelter of U.S. Treasury bonds on Tuesday amid concerns political turbulence in
Greece will destabilize the eurozone.
Today's Markets
As of 3:11 p.m. ET, the Dow Jones Industrial Average fell 114 points, or 0.88%, to 12895, the S&P 500 slid 10.3 points, or 0.75%,
to 1359 and the Nasdaq Composite dipped 20.5 points, or 0.69%, to 2937.
The markets came back considerably from the lows of the session in afternoon trading. Indeed, the Dow had been down 198 points
at session lows.
The consumer discretionary sector took a big hit on the day following a weak earnings report from Fossil (FOSL), which tumbled
some 36%. The financial, energy and basic materials sectors fell sharply as well.
U.S. oil futures were under pressure for the fifth session in a row, having shed more than $9 over the period. On the day, crude was
lower by 93 cents, or 0.95%, to $97.01 a barrel. Wholesale New York harbor gasoline rose 0.68% to $2.99 a gallon.
In metals, gold tumbled $34.60, or 2.1%, to $1,605 a troy ounce.
Volatility jumped 3% as tracked by the CBOE's VIX, while the yield on the 10-year U.S. Treasury slumped 0.073-percentage point
to 1.845%. The breadth of the selling was wide, with more than seven declining shares trading hands on the New York Stock
Exchange for each advancing share.
Greek Worries Flare Up
Elections over the weekend in Greece saw the two mainstream political parties there failing to hold a combined majority in
parliament. The PASOK and New Democracy parties had been critical players in drafting agreements with eurozone leadership on
implementing deficit-cutting measures in exchange for bailout funds needed to avoid a default.
Reeling from the painful economic consequences of the austerity measures, votes were distributed between PASOK, New
Democracy and several other parties, all of which are trying to push for their own policies. All of the groups now have to work
together in forming a coalition government, which would require an agreement from no less than three parties, according to The
Wall Street Journal.
A situation where no government is formed may prompt fresh elections, while one that backtracks on austerity agreements may put
the country's crucially needed bailout at stake. In either case, analysts say the chance of a Greek exit from the eurozone currency
bloc can't be ruled out.
"Greece is a big concern," said David Jones, chief market strategist at London-based IG Index, adding that such a situation would
"definitely inject a lot of volatility into the market." Still, Jones cautioned that it may be awhile until the picture there becomes clearer.
Eurozone blue chips sold off by 2.1%. The euro fell 0.28% to $1.3015.
On the corporate front, McDonald's (MCD) said its global same-store sales climbed 3.3% in April, a slimmer gain than the 4.29%
analysts expected, according to Dow Jones Newswires.
http://www.foxbusiness.com/markets/2012/05/08/stocks-fall-as-greek-worries-... 08-May-2012
Greek Political Tumult Spooks Wall Street | Fox Business
Page 2 of 2
Foreign Markets
European blue chips fell 2.1%. the English FTSE 100 slipped 1.8% to 5555 and the German DAX dipped 1.9% to 6445.
In Asia, the Japanese Nikkei 225 rose 0.69% to 9182 and the Chinese Hang Seng slumped 0.25% to 20485.
Print
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http://www.foxbusiness.com/markets/2012/05/08/stocks-fall-as-greek-worries-... 08-May-2012
Stocks tumble on Greece uncertainty - May. 8, 2012
Page 1 of 2
Stocks tumble on Greece uncertainty

By Ben Rooney @CNNMoneyInvest May 8, 2012: 4:50 PM ET
NEW YORK (CNNMoney) -- U.S. stocks sank Tuesday, although the major indexes closed off session lows, as Greece's
uncertain political situation keeps investors on edge.
The Dow Jones industrial average ( INDU) fell 76 points, or 0.6%, to 12,932. The S&P 500 ( SPX) tumbled 6 points, or
0.4%, to 1,364. The Nasdaq ( COMP) declined 11 points, or 0.4%, to 2,946.
The selling picked up steam during the morning, with the S&P 500 touching a 2-month low, as stocks in Europe fell sharply.
But major indexes in the United Sates pared losses in the last hour of trading.
All eyes continue to be on Europe, after Greece's main center-right party failed to form a coalition government. Now, the
left-wing coalition, which is opposed to austerity as the way to close Greece's debt gap, will have three days to form a
government.
The latest development is feeding investors' fears that Greece might have to drop out of the eurozone.
"The political stalemate in Greece is casting a shadow over risk markets in general and equities in particular," said Nick
Stamenkovic, investment strategist at RIA Capital Markets in Edinburgh. "Investors are questioning whether Greece will be
a part of the single currency at the end of this year."
The Greek stock market fell 3.6%, adding to sharp losses in the previous session.
Greece could drop euro but tragedy won't follow
As various parties grapple with forming a coalition government in Greece, it's looking increasingly likely that new elections
will need to be held, most likely in mid-June. That throws into question whether Greece will be forced to renegotiate its
bailout funding.
Greek leftist leader Alexis Tsipras on Tuesday laid out the radical agenda he hopes to pursue if he becomes prime
minister, including the cancellation of international loan agreements to Greece that forced the country into sharp budget
cuts.
Meanwhile, European Union leaders are grappling with the need to boost economic growth during a time of austerity.
Early Tuesday, European Council president Herman Van Rompuy set May 23 as the date for an unscheduled EU summit,
announcing on his Twitter feed that it would be an "informal dinner."
In addition to the "re-circulating woes in Europe," investors were also rattled by weak sales numbers from McDonalds, said
Peter Tuz, portfolio manager at Chase Investment Counsel in Charlottesville, Va.
"More uncertainty in Europe is not good for U.S. markets, nor is the weakness in consumer-oriented stocks," said Tuz.
08-May-2012
Stocks tumble on Greece uncertainty - May. 8, 2012
Page 2 of 2
U.S. stocks recovered from a shaky start Monday, following elections in France and Greece over the weekend.
World markets: European stocks fell sharply late in the day to end lower. Britain's FTSE 100 ( UKX) was down 1.7%.
The DAX ( DAX) in Germany shed 1.9%. In France, the benchmark CAC 40 ( CAC40) fell 3% one day after Socialist
party leader Francois Hollande won the nation's presidential election.
In the bond market, investors bought 1.3 billion worth of short-term Greek government bills out of 2.6 billion offered. The
yield was 4.69%, up from 4.55% at the last auction in April.
Asian markets ended mixed. The Shanghai Composite ( SHCOMP) slid 0.1% and the Hang Seng ( HSI) in Hong Kong
lost 0.2%, while Japan's Nikkei ( N225) rose 0.7%.
Companies: Shares of fashion accessories maker Fossil ( FOSL) plunged after it reported first-quarter revenue that
fell short of even the lowest forecasts.
Fast-food chain Wendy's ( WEN) reported operating income of 1 cent a share, falling short of analysts' forecasts for a
profit of 3 cents a share.
Shares for Electronic Arts ( EA) slipped after the video-game maker cut its first-quarter outlook for the period ending in
June.
The Government Accountability Office issued a report Tuesday that the U.S. Treasury may eventually turn a $15.1 billion
profit on its bailout of insurer AIG ( AIG, Fortune 500) when all final payments and asset sales are complete.
McDonald's Corp.'s ( MCD, Fortune 500) same-store sales increased 3.3%, both globally and in the U.S. market.
Analysts were expecting sales to grow 5%, according to Reuters. Sales rose 3.5% in Europe, but only 1.1% in the unit that
includes Asia-Pacific, Middle East and Africa.
In other corporate news, shares of DirecTV ( DTV, Fortune 500) slipped even as the broadcast satellite provider reported
slightly better earnings and sales in line with forecasts.
Entertainment conglomerate and Dow component Walt Disney ( DIS, Fortune 500) will report earnings after the close.
The studio had a blockbuster weekend with "The Avengers," which broke records with box office sales of $200.3 million
during opening weekend. Those sales will not be included in this report, while an estimated $200 million in losses on epic
bomb "John Carter" will.
Currencies and commodities: The dollar gained strength against the euro and British pound, but fell versus the
Japanese yen.
Oil for June delivery fell 93 cents to end at $97.01 a barrel.
Gold futures for June delivery dropped $34.60 to settle at $1,604.50 an ounce.
Bonds: The price on the benchmark 10-year U.S. Treasury fell Tuesday, leaving the yield at 1.84%.
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The Hindu : Business / Markets : Sensex falls on inflation concern; RIL, b...
1 of 1
Business Markets
Sensex falls on inflation concern; RIL, banks take a hit

PTI
Falling for the fifth day in a row, the BSE benchmark Sensex on Monday dipped by 77 points on profit selling by
funds in bluechips following spurt in inflation.
The fall was led by Reliance Industries, which declined to a 52-week low on sustained selling. Besides, the bank
sector stocks fell as inflation rose during April, reducing chances of a cut in interest rates.
The Sensex, which has lost nearly 620 points in the last four sessions, fell further by 77.14 points, or 0.47 per ce
16,215.84.
Traders said selling emerged as inflation moved up to 7.23 per cent in April from 6.89 per cent in March.
The broad-based National Stock Exchange index Nifty fell by 21.10 points, or 0.43 per cent, to 4,907.80, led by
refinery, banking and realty sector stocks.
Sensex heavyweight RIL tumbled by 2.32 per cent to Rs 681.15, while shares of countrys largest lender State Ba
India fell 0.65 per cent to Rs 1,840.20 and HDFC Bank declined 2.02 per cent to Rs 500.50.
Other losers of the index kitty were BHEL, DLF, ICICI Bank, ONGC, Tata Motors, Tata Steel, Tata Consultancy
Services, Sterlite Industries, HDFC Ltd, NTPC and Jindal Steel.
The oil and gas sector index suffered the most with a loss of 1.69 per cent to 7,420.47, followed by banking inde
by 1.61 per cent to 10,661.64.
Realty index lost 1.27 per cent to 1,541.89 and Power index by 0.79 per cent to 1,808.48.
Bucking the trend, Larsen and Toubro gained 1.84 per cent to Rs 1,159.80 on fresh buying following strong qua
earnings.
Keywords: Stocks closing
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Concerns that the political instability in Greece will rattle the fragile
eurozone currency bloc sent traders across the globe racing out of risky
assets and into the shelter of safe havens.
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Comments (11)
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Today's Markets
112
50
The Dow Jones Industrial Average slid 125 points, or 0.98%, to 12695,
the S&P 500 dipped 15 points, or 1.1%, to 1338 and the Nasdaq
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Selling was broad-based on the day. The S&P 500 closed at its lowest
level since February, while oil settled at its lowest value of 2012. Every
one of the 10 S&P 500 sectors was to the downside, and five were off
by more than 1%.
Energy and financial shares took the worst selling on the day. Indeed,
JPMorgan Chase (JPM: 35.79, -1.17, -3.17%) was the worst
performing blue chip after it unveiled a management shakeup following
its disclosure last week of a $2 billion trading loss.
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traders bid up safe-haven U.S. Treasury bonds. The yield on the 10year fell 0.053-percentage point to 1.788%.
http://www.foxbusiness.com/markets/2012/05/14/wall-street-gripped-by-euro-d... 14-May-2012
Elections a little more than a week ago fractured Greece's parliament,

requiring the agreement of several political parties to create a coalition
government. Talks have repeatedly failed as the country has struggled
to reconcile its immediate need for eurozone support with a public that
has grown tired of deep austerity measures and a depressed economy.
Another impasse was reached on Sunday and then again on Monday.
Leaders are set to meet again on Tuesday.
The worry among market participants it that if a consensus can't be
struck, it is likely that elections will have to be called in June. That puts
the country's bailout package, and membership in the eurozone, at
jeopardy. It remains unclear exactly what would result if Greece fell out
of the currency bloc.
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"Given the severity of the repercussions of an exit for all euro area
members, we believe that such a scenario will be avoided at all
cost," Sree Kochugovindan, an analyst at Barclays Capital, wrote in a
note to clients. "However, the risks have increased substantially."
Traders were also grappling with an unexpectedly weak reading on
eurozone industrial production. The gauge fell 0.3% in March, compared
to expectations of a 0.5% gain. This comes a day ahead of the release
of gross domestic product data for the currency bloc, which is forecast
so show a modest decline.
Also on the European front, Spain saw its yields rise at a short-term
debt auction on Monday from a previous debt sale. While the offering
saw strong demand, the rising borrowing costs have increased fears
that it will be the next country to be hit by the eurozone debt crisis.
Benchmark indexes in France, Italy and Spain were all down more than
2%. The euro fell 0.36% to $1.2870.
Commodities took a hit across the board as well. Oil traded in New York
tumbled $1.35, or 1.4%, to $94.78 a barrel. It was the lowest settlement
value of the year for crude futures.
Wholesale New York Harbor gasoline dipped 1.4% to $2.96 a gallon.
Foreign Markets
Eurozone blue chips slid 2.3%, the English FTSE 100 dropped 2% to
5466 and the German DAX sold off by 1.9% to 6452.
In Asia, the Japanese Nikkei 225 edged higher by 0.23% to 8974 and
the Chinese Hang Seng shed 0.81% to 2616.
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The Hindu : Business / Markets : Sensex tanks 252 points in early trade
1 of 1
Business Markets
Sensex tanks 252 points in early trade

PTI
PTI Stocks of auto, realty, banking, capital goods and metal sectors were under pressure, dragging down the Sensex.
The BSE benchmark Sensex fell sharply by over 252 points in the opening trade today on fresh selling by foreign
funds and retail investors, taking cues from weak Asian markets.
The 30-share barometer, which gained nearly 112 points in the previous sessions, fell by 252.07 points, or 1.54
cent, to 16,076.18.
Similarly, the wide-based National Stock Exchange Nifty index slid by 75.05 points, or 1.51 per cent, to 4,867.75
points.
Market experts said sentiments turned bearish largely on subdued trend on the other Asian bourses and profit
taking by speculators after previous sessions of gains.
In the Asian region, the Hong Kongs Hang Seng index shed 2.46 per cent and the Japans Nikkei was trading 1
per cent down this morning. In the U.S., the Dow Jones Industrial Average ended 0.50 per cent lower in the pre
session.
Keywords: sensex, share markets, stock markets
Printable version | May 16, 2012 12:39:49 PM | http://www.thehindu.com/business/markets/article34246
The
16-May-2012 3:10 AM
Choppy Trading: Dow Turns Red | Fox Business
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Choppy Trading: Dow Turns Red

By Adam Samson
Published May 15, 2012 | FOXBusiness

The Dow turned negative once again in choppy trading as market participants grappled with the collapse of government talks in
Greece and a slew of economic data.
Today's Markets
As of 3:00 p.m. ET, the Dow Jones Industrial Average fell 32.2 points, or 0.26%, to 12663, the S&P 500 slipped 3.9 points, or
0.29%, to 1334 and the Nasdaq Composite gained 1.9 points, or 0.06%, to 2904.
Europe has been a major focus in recent sessions as market participants have worried that political upheaval in Greece may
reverberate through the eurozone currency bloc. Socialist leader Evangelos Venizelos said talks to forge a coalition government
once again failed on Tuesday and that the country will hold another set of elections. That calls into question Greece's membership
in the eurozone. Without the help of international lenders, it also won't be able to service its debt, making a default all the more
likely.
That news counteracted data showing Germany's gross domestic product grew at an annualized pace of 0.5% in the first quarter.
Economists were expecting a slower 0.1% growth rate for Europe's biggest economy.
Traders also had a slew of data on the U.S. economy to parse through.
The New York Federal Reserve's regional manufacturing gauge surged to 17.09 in May from 6.56 in April, topping expectations of
8.5. Readings above zero point to expansion, while those below indicate contraction. The more closely-watched reading from the
Philadelphia Fed is on tap for Thursday.
A separate report from the Labor Department showed prices at the consumer level were unchanged in the month of April, which
was in line with estimates. Excluding the food and energy components, prices were up 0.2%, which also matched economists
expectations. Both measures were up 2.3% from last year.
The Commerce Department said retail sales rose 0.1% in April from March, coming up short of the 0.2% increase expected.
Excluding the auto segment, sales were also up 0.1%, shy of a 0.2% estimate. The consumption sector is considered to be one of
the most important pieces of the U.S. economy, and analysts have been paying close attention to have customers have been faring
with high gasoline prices and a stubbornly weak jobs market.
On the corporate front, Home Depot (HD) reported a first-quarter EPS that matched Wall Street's expectations, but the world's
biggest home improvement retailer's revenue fell short. Shares of the blue chip were down in early trade.
JPMorgan Chase (JPM) also holds its shareholder meeting on the day. The biggest U.S. bank by assets will likely have to take
questions from shareholders roiled by the $2 billion trading blunder disclosed last week.
In commodities, oil traded in New York slipped 80 cents, or 0.84%, to $93.98 a barrel. Wholesale New York Harbor gasoline
slumped 0.5% to $2.94 a gallon.
Gold declined slightly to $1,557 a troy ounce.
Foreign Markets
http://www.foxbusiness.com/markets/2012/05/15/stocks-seek-direction-traders... 16-May-2012
Page 2 of 2
Eurozone blue chips fell 1.1%, the English FTSE 100 slipped 0.51% to 5438 and the German DAX dipped 0.79% to 6401.
In Asia, the Japanese Nikkei 225 fell 0.81% to 8901 and the Chinese Hang Seng gained 0.81% to 19894.
Print
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The Dow turned negative once again in choppy trading as market

participants grappled with the collapse of government talks in Greece
and a slew of economic data.
Share
Morici: A Recession is
Coming
Comments (2)
Today's Markets
Like
14
As of 3:00 p.m. ET, the Dow Jones Industrial Average fell 32.2 points, or
0.26%, to 12663, the S&P 500 slipped 3.9 points, or 0.29%, to 1334 and
the Nasdaq Composite gained 1.9 points, or 0.06%, to 2904.
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THE HOME DEP...
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48.67
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Europe has been a major focus in recent sessions as market

participants have worried that political upheaval in Greece may
reverberate through the eurozone currency bloc. Socialist
leader Evangelos Venizelos said talks to forge a coalition government
once again failed on Tuesday and that the country will hold another set
of elections. That calls into question Greece's membership in the
eurozone. Without the help of international lenders, it also won't be able
to service its debt, making a default all the more likely.
That news counteracted data showing Germany's gross domestic
product grew at an annualized pace of 0.5% in the first quarter.
Economists were expecting a slower 0.1% growth rate for Europe's
biggest economy.
Traders also had a slew of data on the U.S. economy to parse through.
The New York Federal Reserve's regional manufacturing gauge surged
to 17.09 in May from 6.56 in April, topping expectations of 8.5. Readings
above zero point to expansion, while those below indicate contraction.
The more closely-watched reading from the Philadelphia Fed is on tap
for Thursday.
A separate report from the Labor Department showed prices at the
consumer level were unchanged in the month of April, which was in line
with estimates. Excluding the food and energy components, prices were
up 0.2%, which also matched economists expectations. Both measures
were up 2.3% from last year.
The Commerce Department said retail sales rose 0.1% in April from
March, coming up short of the 0.2% increase expected. Excluding the
auto segment, sales were also up 0.1%, shy of a 0.2% estimate. The
consumption sector is considered to be one of the most important
pieces of the U.S. economy, and analysts have been paying close
attention to have customers have been faring with high gasoline prices
and a stubbornly weak jobs market.
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US Stocks Slide Amid Greek Political,
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On the corporate front, Home Depot (HD: 48.67, -1.21, -2.43%)
Page 2 of 3
reported a first-quarter EPS that matched Wall Street's expectations, but

the world's biggest home improvement retailer's revenue fell short.
Shares of the blue chip were down in early trade.
JPMorgan Chase (JPM: 36.24, +0.45, +1.26%) also holds its
shareholder meeting on the day. The biggest U.S. bank by assets will
likely have to take questions from shareholders roiled by the $2 billion
trading blunder disclosed last week.
In commodities, oil traded in New York slipped 80 cents, or 0.84%, to
$93.98 a barrel. Wholesale New York Harbor gasoline slumped 0.5% to
$2.94 a gallon.
Gold declined slightly to $1,557 a troy ounce.
Foreign Markets
Eurozone blue chips fell 1.1%, the English FTSE 100 slipped 0.51% to
5438 and the German DAX dipped 0.79% to 6401.
In Asia, the Japanese Nikkei 225 fell 0.81% to 8901 and the Chinese
Hang Seng gained 0.81% to 19894.
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Retail Sales Rise Less Than Expected in April

Greece: sinking ships (Financial Times)
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Greece worries weigh on U.S. stocks - May. 16, 2012
Page 1 of 3
Greece worries weigh on U.S. stocks

By Hibah Yousuf @CNNMoneyInvest May 16, 2012: 4:51 PM ET
NEW YORK (CNN Money) -- Following a positive start, U.S. stocks closed in the red for a fourth straight session
Wednesday, as investors weighed strong U.S. economic data against ongoing uncertainty about Greece's political situation.
The Dow Jones industrial average ( INDU) fell 33 points, 0.3%, finishing at the lowest level since mid-January.
The S&P 500 ( SPX) dropped 6 points, or 0.4%, and the Nasdaq ( COMP) lost 20 points, or 0.7%. Both indexes closed
at the lowest level since early February.
Investors started the day encouraged by data that showed U.S. housing starts rebounded from a five-month low and
industrial production posted its fastest growth in over a year. Later in the day, anxiety over Greece's future took
precedence.
After politicians in Athens failed to agree on a coalition government, President Karolos Papoulias called for all parties to set
up a caretaker government that will conduct new elections next month.
The instability in Greece raises questions as to whether the country will be forced to leave the eurozone and what such a
move would mean for other troubled European economies.
European leaders scramble to contain Greek debt crisis
"We're not at a tipping point yet, but there's concern that we could get there if the Greek election on June 17 goes the way
of the previous one -- with an inconclusive result," said Michael Hewson, analyst at CMC Markets in London.
Investors were also spooked following reports that the European Central Bank has stopped providing liquidity to some
Greek banks.
Despite the uncertainty, comments from European leaders helped stem some pressure. German Chancellor Angela
Merkel reiterated that her country wants Greece to remain in the eurozone and will make every effort to help the nation get
on solid footing. She said she agreed with France's newly elected president Francois Hollande to consider measures to
spur growth in Greece.
Spanish Prime Minister Mariano Rajoy also said it would be 'a very big mistake' if Greece were to exit.
Borrowing costs initially surged, with Spain's 10-year yield jumping to 6.5%, before pulling back to 6.3%. Italian bond yields
also jumped to 6% before easing to 5.8%.
While Europe's debt crisis remains a broad concern for U.S. investors, hopes are high that U.S. financial institutions have
had ample time to protect themselves from the effects of contagion.
http://money.cnn.com/2012/05/16/markets/stocks/
16-May-2012
Page 2 of 3
"The U.S. banks have been taking many more steps to deal with delinquent loans and against European sovereigns,
something that European leaders have been extremely bad at," said Hewson.
Moreover, while the 27-nation European Union and the 17-nation eurozone are teetering on the edge of recession, the
U.S. economy continues to grow, albeit at a slow pace.
U.S. stocks closed at three-month lows Tuesday as the eurozone debt crisis continued to take a toll on the markets.
World markets: European stocks closed mixed. Britain's FTSE 100 ( UKX) rose 0.1% and France's CAC 40 ( CAC40)
added 0.3%, while the DAX ( DAX) in Germany slipped 0.3%.
Asian markets ended lower. The Shanghai Composite ( SHCOMP) fell 1.2% and Japan's Nikkei ( N225) dropped 1.1%,
while the Hang Seng ( HSI) in Hong Kong plunged 3.2%.
Economy: Housing starts jumped to an annual rate of 717,000 in April, from the revised level of 699,000 in March.
Analysts surveyed by Briefing.com had expected a rate of 680,000.
Meanwhile, building permits fell to an annual rate of 715,000 in April, from the revised figure of 769,000 in March. Analysts
expected permits to fall to 730,000.
April's reading "supports our view that housing is in recovery mode," said Paul Diggle, property economist at Capital
Economics. "We expect housing starts to rise further later this year."
Diggle also added that he doesn't expect the latest escalation in Europe to derail the U.S. housing recovery.
"After all, the fallout for the U.S. banking system from a Greek exit will be relatively limited," he said. "The flow of credit to
homebuilders, institutional buyers and households therefore shouldn't become materially tighter, allowing the volume of
housing starts to continue rising."
The Fed's reading on the nation's factory output was also better than expected. Industrial production rose 1.1% in April,
rising at the fastest pace since December 2010. Economists were forecasting that industrial production rose 0.5% in April
after being unchanged the previous month.
Meanwhile, the Fed also released the minutes from the April meeting of the Federal Open Market Committee.
According to the minutes, "several members indicated that additional monetary policy accommodation could be necessary if
the economic recovery lost momentum or the downside risks to the forecast became great enough."
In previous minutes, only "a couple of members" expressed support for further stimulus.
Companies: Facebook boosted the size of its IPO by 25%, seeking to raise up to $16 billion, according to an SEC filing.
Should you buy Facebook?
Shares of retailer JC Penney ( JCP, Fortune 500) tumbled after it reported a much bigger than expected loss for the most
recent quarter. The company also discontinued its dividend.
Staples ( SPLS, Fortune 500) reported earnings in line with expectations, but a surprise 1% drop in sales sent shares of
the office supply company lower.
Shares of Deere ( DE, Fortune 500) were lower even after the company beat expectations on its quarterly results and
raised its forecast.
Target ( TGT, Fortune 500) also beat expectations and increased its forecast, pushing shares higher.
Facebook: The IPO of the Virtual Passport -- StockTwits
According to documents filed with the SEC, Warren Buffett's Berkshire Hathaway ( BRKA, Fortune 500) built new
positions in General Motors ( GM, Fortune 500) and Viacom ( VIA) during the first three months of 2012.
The director of the FBI said Wednesday that the agency has opened an investigation into JPMorgan Chase ( JPM,
Fortune 500), the nation's largest bank, a week after the bank disclosed a $2 billion trading loss.
16-May-2012
Page 3 of 3
Shares of Martin Marietta ( MLM) tumbled into the close after hedge fund manager David Einhorn of Greenlight Capital
said the company has many problems, while speaking at the Ira Sohn Research Conference in New York.
Shares of Amazon ( AMZN, Fortune 500) also slipped after the famed short seller knocked the company. Einhorn also
remains favorable on Apple ( AAPL, Fortune 500).
Meanwhile, shares of Herbalife ( HLF) popped 17% due to the fact that Einhorn didn't mention the company. Earlier this
month, its stock took a hit after Einhorn posed a series of questions to Herbalife executives during its earnings conference
call, asking for details about sales sources and disclosures that have been provided in the past.
Currencies and commodities: The dollar gained gained strength against the euro, British pound and Japanese yen.
Keystone isn't the only pipeline
Oil for June delivery fell $1.17 to $92.81 a barrel, the lowest since November.
Gold futures for June delivery lost $20.50 to settle at $1,536.60 an ounce, the lowest since last July.
Bonds: The price on the benchmark 10-year U.S. Treasury edged higher, pushing the yield down to 1.76% from 1.79%
late Tuesday.
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[what's this]
16-May-2012
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Today's Markets
28
the S&P 500 slipped 19.9 points, or 1.5%, to 1305 and the Nasdaq
Composite slid 60.4 points, or 2.1%, to 2814.
RELATED STOCKS
WMT
WAL-MART STO...
CAT
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CATERPILLAR ...
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JPMORGAN CHA...
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The consumer discretionary, industrial, financial and basic materials

sectors struggled the most on the day. These areas are seen as
especially vulnerable to a slowing of the world's economy. Indeed,
machinery behemoth Caterpillar (CAT: 87.80, -4.06, -4.42%) yanked
30.7 points off of the Dow's overall performance. Wal-Mart (WMT:
61.68, +2.49, +4.21%) helped counterbalance the loss for the blue chips
after it posted better-than-expected quarterly results.
In a sign of the anxiety on Wall Street, traders rushed into the safety of
U.S. Treasury bonds. The yield on the 10-year note dropped 0.063percentage point to 1.702% -- the lowest in history. Volatility jumped
4.6% as tracked by the CBOE's VIX.
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33.93
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Key Regional Manufacturing Survey Signals Contraction

The Philadelphia Federal Reserve's manufacturing gauge tumbled to -
http://www.foxbusiness.com/markets/2012/05/17/stocks-walloped-by-mountin...
17-May-2012
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Data from the New York Fed covering the Empire State region released
earlier in the week came in well ahead of expectations.
Page 2 of 4
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FHA Cuts Refi Requirement
"It's obvious that the escalation of turmoil in Europe is weighing on

investment and hiring decisions among US businesses," analysts at
Nomura wrote in a note to clients following the report. They also added
that this could bode poorly for this month's jobs read, as manufacturing
jobs have recently been a bright spot.
If you owe less than $625,000, the Fed wants you to

refinance!
Separately, the Labor Department said new claims for unemployment

benefits remained unchanged at 370,000 last week from the week prior.
Economists were expecting claims to rise to 367,000 from an initially
reported 365,000. Analysts have been paying particularly close attention
to the weekly reports amid signs the rate of job growth in the U.S. may
be slowing down dramatically.
Eurozone Worries Flare Up
The markets have been hit hard by worries that the deteriorating
situation in Greece may cascade into other eurozone nations, such as
Spain.
In Europe, stocks were broadly lower on the day, with bourses in Italy,
Spain and Greece taking especially heavy selling.
Adding to the worries were several news reports suggesting Moody's is
planning on slicing its rating on several Spanish lenders as early as
Thursday evening. Analysts have been paying especially close attention
to the country amid concerns it may take a hit from the turbulence in
Greece. In fact, Fitch cut its long-term credit rating on Greece to CCC
from B-, citing a heightened risk the country may be jettisoned from the
eurozone.
Commodities markets were mixed. Crude oil traded in New York fell 31
cents, or 0.33%, to $92.50 a barrel. Wholesale New York harbor
gasoline dipped 1.5% to $2.88 a gallon.
In metals, gold soared $38.30, or 2.5%, to $1,575 a troy ounce.
Foreign Markets
Eurozone blue chips sold off by 1.3%, the English FTSE 100 dipped
1.2% to 5338 and the German DAX tumbled 1.2% to 6309.
In Asia, the Japanese Nikkei 225 rose 0.86% to 8877 and the Chinese
Hang Seng edged lower by 0.31% to 19201.
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[What's This?]
17-May-2012
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17-May-2012
BBC News - Markets drop on eurozone worries
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BUSINESS
17 May 2012 Last updated at 18:40 ET
Markets drop on eurozone worries

Market Data
Dow Jones
LAST UPDATED AT 20:57 ET
12442.49
-156.06
-1.24%
Nasdaq
2813.69
-60.35
-2.10%
S&P 500
1304.86
-19.94
-1.51%
FTSE 100
5338.38
-66.87
-1.24%
Dax
6308.96
-75.30
-1.18%
BBC Global 30
5752.45
-14.36
-0.25%
Marketwatch ticker
DATA DELAYED BY 15 MINS
Concern over the eurozone debt crisis has continued to weigh on financial markets.
The euro fell for the sixth day against the US dollar, to $1.2688, as an interim Greek government was sworn in to steer the debtridden country into repeat elections in June.
European and US shares also declined, led by financial stocks.
Shares in Spain's Bankia dropped 15%, which reflects broader fears about the health of the Spanish banking sector.
Shares in French banks like Societe Generale and BNP Paribas dropped more than 3%.
In Germany, Deutsche Bank fell 1.9% and Commerzbank dropped 1.4%. The stock exchange Deutcshe Boerse was down more
than 7%.
UK banks also dropped, with Barclays down 3.8% and Royal Bank of Scotland declining 3.7%.
The Spanish government also had to pay sharply higher rates of interest to borrow money on the bond markets, raising investor
fears that the worst-case scenario - a bailout - will eventually be needed.
And ratings agency Moody's cut the credit ratings of 16 Spanish banks, a further blow to a country that is struggling to deal with
the bad debts of its banking sector.
'Start a fire'
Moodys also downgraded the credit ratings of four of Spain's regions - Catalonia, Murcia, Andalucia and Extremadura - and
warned there was only a "low probability that the regional governments will be able to meet the 2012 deficit target".
http://www.bbc.co.uk/news/business-18108716
17-May-2012
BBC News - Markets drop on eurozone worries
Page 2 of 2
Greece was also downgraded, to CCC from B-, by rival agency Fitch, which cited political uncertainty over the country's
commitment to its last bailout and possible exit of the eurozone.
With Greece facing elections and France under newly-elected President Francois Hollande refusing to sign a pact to force nations
to rein in debt, many feel that Europe is in disarray.
In New York, European Commission president Jose-Manuel Barroso told the UN that European Union member states and
institutions would "do whatever is necessary" to overcome the crisis.
"We need to stay the course, without being blind to an evolving economic situation," he said. "Fortunately, the rule book allows for
adaptability while remaining firmly focused on sustainability and ensuring sound public finances."
Writing in The Scotsman newspaper, Alistair Darling, who was the previous chancellor, said the impact of a Greek exit could be
severe.
"A Greek exit could start a fire that would spread all along the Mediterranean as other countries would come under pressure," he
wrote. "The repercussions, particularly in the banking sector, could cripple Europe for years to come."
The UK government has said the Treasury has been drawing up contingency plans in the wake of growing concern about the
future Greece's membership of the euro.
A Downing Street spokeswoman confirmed the National Security Council has been involved in the plans "for some time".
More Business stories
Facebook shares valued at $100bn

[/news/business-18105608]
Facebook prices its shares at $38 each ahead of one of the most eagerly anticipated share flotations in recent stock market history.
Moody's downgrades Spanish banks
US puts tariffs on Chinese panels
BBC 2012 The BBC is not responsible for the content

of external sites. Read more.
http://www.bbc.co.uk/news/business-18108716
17-May-2012
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Business Markets
Published: July 12, 2012 17:53 IST | Updated: July 12, 2012 17:53 IST
Sensex crashes by 257 points

PTI
The Sensex today crashed by 257 points, its worst single-day fall in nearly seven weeks, after IT major Infosys sharp
cut in earnings outlook soured market sentiment prompting investors to shrug off even better-than-expected factory
output growth in May.
The BSE benchmark index, which had lost 129 points in the previous session, dropped further by 256.59 points, or
1.47 per cent to close at 17,232.55, recording the biggest single-day fall for the 30-share index after June 1 this year.
While Infosys first quarter profit at Rs 2,289 crore came in lower than expected, the stock tanked over 8 per cent as
the company revised it FY13 US dollar revenue growth guidance to 5 per cent year-on-year compared to 8-10 per cent
given at the end of March quarter.
Its larger rival TCS, which is expected to announce earnings later in the day, closed 1.80 per cent down while Wipro
shed 4 per cent as sentiment turned weak. The IT index lost a whopping 5.11 per cent on the BSE.
Infosys results disappointed on all counts... the key issue now is will a price war start in the sector and hence even
other companies could start exhibiting signs of strain, said Bhuvnesh Singh, analyst, Barclays.
As many as 21 stocks in Sensex today lost value with Bharti, M&M, Tata Motors and L&T losing in the 1.75-3 per cent
range as weak Asian cues and lower opening in Europe hit mood.
Keywords: share markets, stock markets, sensex
More In: Markets | Business
Printable v ersion | Aug 1 0, 2 01 2 8:2 0:1 9 AM | http://www.thehindu.com /business/m arkets/article3 63 1 6 53 .ece
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Business Markets
Sensex sheds 120 points

PTI
Shares fell on Friday on concerns over differences in the UPA coalition with the BSE Sensex dropping by 120 points,
snapping a three-day upsurge.
Banking, capital goods, realty and power stocks dropped the most on reports that the Reserve Bank of India was
planning to tighten norms for loan restructuring of corporates. Under the impact of slowdown, several companies are
knocking the doors of banks seeking recast of their debt burden.
The BSE benchmark index fell by 120.41 points to 17158.44. Similarly, the 50-share National Stock Exchange index
Nifty fell by 37.60 points to 5205.10.
Brokers said investors became cautious following differences between the Congress and Agriculture Minister Sharad
Pawar-led NCP which has raised questions over functioning of the government and the UPA coalition.
Traders said the mood was further hit after the Reserve Bank Working Group gave recommendations about
prudential guidelines on restructuring of advances by banks and financial institutions.
Keywords: sensex, BSE, stocks close
Printable v ersion | Aug 1 0, 2 01 2 8:2 2 :3 9 AM | http://www.thehindu.com /business/m arkets/article3 661 968.ece
The Hindu

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Business Markets
Sensex falls to six-week low

PTI
Dragged by interest-rate sensitive sectors, the Sensex on Thursday fell to a six-week low by dropping over 206 points
amid concerns that RBI may keep interest rates unchanged at its policy review next week and tepid earnings of ITC.
The BSE benchmark index, which had lost 72 points in the previous session, opened marginally higher but shares in
capital goods, PSU, banks, FMCG and IT faced selling pressure throughout the session. The Sensex fell by 206.23
points, or 1.22 per cent to 16,639.82, a level last seen on June 7, 2012.
Led by Tata Motors which fell close to 4 per cent, 22 stocks including Tata Power, Wipro, Sterlite and SBI closed with
losses in the 30-share index.
Shares of ITC, closed 2 per cent down, after its first quarter revenue at Rs. 6,652 crore could not beat expectations.
On similar lines, the 50-share National Stock Exchange index Nifty lost 66.60 points, or 1.30 per cent to 5,043 with
most of the interest-related sectors ending lower.
Fears of rising inflation, driven by possible hikes in fuel and commodity prices have raised fresh concerns that the
Reserve Bank of India might keep rates unchanged on July 31 even as rains continue to be poor, they added.
The BSE Realty sector suffered the most damage today by losing 3.07 per cent with DLF falling 2.85 per cent while
Parsvnath Developers tanked 20 per cent. The capital goods sector fell over 2 per cent with Bhel and L&T dropping
close to 2 per cent each.
Experts also said June quarter earnings have been tepid and that is another reason for FIIs selling stocks for the last
2-3 days. IT majors Infosys, TCS and Wipro fell on concerns the deepening eurozone debt crisis might hurt IT services
demand.
Keywords: BSE, Sensex, stock market, sensex close

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Business Markets
Published: August 1, 2012 09:51 IST | Updated: August 1, 2012 09:51 IST
Sensex down 36 points in early trade

PTI
The BSE benchmark Sensex declined by nearly 36 points in early trade on Wednesday, snapping three-session rising
streak, as participants booked profits after recent gains amid a weak trend overseas.
The 30-share barometer, which had gained over 598 points in the last three sessions, fell by 35.91 points, or 0.20 per
cent, to 17,200.27.
In a similar fashion, the wide-based National Stock Exchange index Nifty shed 14.95, or 0.28 per cent, to 5,214.05
points.
Brokers said emergence of profit-booking by funds and retail investors after three sessions of gains mainly dampened
the trading sentiment.
Besides, a weak trend on Asian bourses following weak Chinese manufacturing data too had influenced the market.
In Asian region, Hong Kongs Hang Seng fell 0.02 per cent, while Japans Nikkei shed 0.99 per cent in early trade on
Wednesday.
The U.S. Dow Jones Industrial Average ended 0.49 per cent lower in Tuesdays trade as investors looked to the Federal
Reserves two-day monetary policy meeting.
Keywords: Sensex, Nifty, BSE, NSE
Printable v ersion | Aug 1 0, 2 01 2 8:2 3 :3 2 AM | http://www.thehindu.com /business/m arkets/article3 7 1 07 59 .ece
The Hindu

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Business Markets
Sensex down by 166 points on selling pressure

PTI
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37,
The BSE Sensex on Friday dropped by another 166 points in late morning trade due to persistent selling pressure
from operators, mainly in metal, capital goods, realty, power and auto sectors triggered by weak global cues.
The 30-share index resumed lower at 17,164.48 and dropped further to 17,052,95 before quoting 17,058.63 points at
10.15 a.m., showing a net loss of 165.73 points, or 0.96 per cent, from Thursdays close.
The NSE 50-share Nifty also dropped by 51.25 points, or 0.98 per cent, to 5,176.50 at 10.15 a.m.
Major losers were Tata Steel (2.69 per cent), Sterlite Ind (2.58 per cent), Hindalco Ind (2.35 per cent), Tata Motors
(1.99 per cent), Coal India (1.99 per cent), BHEL (1.91 per cent), Jindal Steel (1.76 per cent) and Larsen (1.75 per cent).
Asian stocks dropped for the third day on Friday after European Central Bank (ECB) president Mario Draghi failed to
deliver immediate action to stem the regions debt crisis.
Key benchmark indices in Hong Kong, Indonesia, Japan, Singapore, South Korea and Taiwan fell by between 0.09 per
cent to 1.25 per cent.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock
markets, opening trade
RELAT ED NEWS
Asia stocks drop as ECB vow of action falls flat

Printable v ersion | Aug 1 0, 2 01 2 8:2 4 :52 AM | http://www.thehindu.com /business/m arkets/article3 7 2 1 1 7 1 .ece
The Hindu

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Business Markets

PTI
The BSE benchmark Sensex fell for the fourth straight day on Wednesday, losing 141 points, as funds sold ahead of the
settlement in this months derivatives contracts and GDP data, amid a weak trend in global equities.
The Sensex, which had lost 219 points in the last three trading sessions, fell further by 140.90 points, or 0.80 per cent
to 17,490.81 led by stocks of realty, metal and auto sectors.
NSE 50-scrip index Nifty dipped below the psychological 5,300 level after August 10 to end with a loss of 46.80
points, or 0.88 per cent to 5,287.80.
Brokers said selling pressure gathered momentum as major market players squared positions ahead of the settlement
in this months derivatives contracts and the first quarter GDP data on Friday.
They said the stock market also turned cautious amid concerns that policymakers have limited room to boost the
weakening economy, amid political logjam on the CAG report on coal block allocations.
Sentiment further dampened on a weakening trend in global markets on deepening eurozone debt crisis and lower
earnings by leading companies.
As many as 21 stocks in the Sensex declined, while HDFC Bank ended unchanged.
Printable v ersion | Sep 1 7 , 2 01 2 6:2 5:04 AM | http://www.thehindu.com /business/m arkets/article3 83 4 7 7 3 .ece
The Hindu

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Business Markets
Sensex tumbles 161 points

PTI
The Sensex on Friday plunged nearly 161 points dragged down by power, metal and oil&gas stocks as better-thanexpected 5.5 per cent growth in first quarter dashed hopes of interest rate cut, amid a weak global trend.
After a slow start, the BSE benchmark index dropped to 17,337.61 soon after the Gross Domestic Product number was
announced. It attempted to stage a comeback and went up to 17557.62 but lost the momentum to close at 17,380.75,
down 160.89 points or 0.92 per cent over yesterday closing value.
Poor showing by the manufacturing sector pulled down the GDP growth to 5.5 per cent in the April-June quarter, the
decades worst Q1 performance, but was a higher than the 5.3 per cent estimate put out by most economists.
Sustained selling in RIL, ITC, TCS and ICICI Bank weighed on the 30-share index where Hindalco, CIL and Bhel were
among the worst performers losing over 2 per cent each.
Brokers said the better-than-expected growth might hamper government efforts to revive the economy and force the
RBI to ease lending rates.
GDP growth in Q1FY13 witnessed a marginal improvement...
Given any credible steps towards fiscal consolidation so far and RBIs prevalent hawkish stance, we do not expect RBI
to cut rates in the September meeting, said Espto Santo Securities Cheif India Economist Deepali Bhargava.
Out of the 13 BSE sectoral indices, 12 ended lower with power, metal, oil&gas, realty and auto losing over one per cent
each.
The 50-share National Stock Exchange index Nifty lost 56.55 points, or 1.06 per cent to close at 5,258.50.
Keywords: Bombay Stock Exchange, GDP
Printable v ersion | Sep 1 7 , 2 01 2 6:2 5:4 5 AM | http://www.thehindu.com /business/m arkets/article3 84 4 2 2 0.ece
The Hindu

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Business Markets
Published: September 5, 2012 16:44 IST | Updated: September 5, 2012 16:44 IST
Sensex drops 128 points to one-month low

PTI
The Sensex on Wednesday shed 128 points as heavy selling in ICICI Bank, L&T and RIL dragged the index to onemonth low levels, amid an insipid trend in global markets ahead of a crucial ECB meeting on Thursday.
The Bombay Stock Exchange benchmark index, which had gained 56 points on Tuesday, opened weak and traded in
negative terrain for most of the session as metal, capital goods and bank shares were under pressure. The rupee,
which slipped to near 56-levels against the US dollar, also made investors nervous.
A nearly 3.6 per cent drop in ICICI Bank shares and L&T, which lost nearly 3 per cent weighed down the 30-share
Sensex where 21 stocks lost value. RIL, which shed one per cent, also soured the sentiment. The Sensex ended 127.53
points, or 0.73 per cent down at 17,313.34, its lowest closing since August 3.
Metal shares led the decline following the weakening in global commodity prices as demand slows. Jindal Steel &
Power and Hindalco hit 52-week lows. Selling pressure continued in capital goods on concerns of slowdown in the
economy and consequent delay in execution of major power projects, said Nidhi Saraswat, Senior Research Analyst,
Bonanza Portfolio.
The coal block allocation issue also cast its shadow on Parliament for the eleventh day on Wednesday paralysing
proceedings with BJP remaining unrelenting on the demand for resignation of Prime Minister Manmohan Singh.
Brokers said a weak trend in the Asian region and lower opening in Europe ahead of European Central Banks meeting
on Thursday, further influenced the domestic sentiment.
The 50share National Stock Exchange index fell by 48.30 points, or 0.92 per cent to close at 5,225.70.
Among sectoral indices, BSE-Metal suffered the most falling by 2.64 per cent on reports of falling base metal prices on
the London Metal Exchange.
The BSE-Capital Goods sector index logged the second worst performer by losing 2.54 per cent. The BSE-Bankex
declined 1.82 per cent on worries over bad loans and growth prospects amid reports that Morgan Stanley has
downgraded rating on Axis Bank to underweight from equal weight.
Keywords: BSE, Sensex, stock market, stocks close
Printable v ersion | Sep 1 7 , 2 01 2 6:2 7 :2 1 AM | http://www.thehindu.com /business/m arkets/article3 86 2 2 1 3 .ece
The Hindu

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Business Markets
Late selling pulls down Sensex

PTI
Reversing its earlier gains, the BSE benchmark index Sensex closed lower by 53 points on fag-end selling in heavyweight stocks, including Infosys and Reliance Industries.
The 30-share BSE barometer, which had climbed to 18,735.95 points in early trade, fell by 52.67 points, or 0.28 per
cent, to settle at 18,579.50 points.
The broad-based Nifty of the National Stock Exchange fell by 13.95 points, or 0.25 per cent to 5,649.50, after
touching the days high of 5,693.70.
Brokers said investors squared up their pending positions following monthly expiry in the derivatives segment.
They said selling pressure was so strong that a better trend in global markets failed to check the falling trend.
Reliance Industries dropped by 1.65 per cent to Rs 830.20 and Infosys by 1.47 per cent to Rs 2,548.70. The two scrips
carry nearly 18 per cent weightage on the benchmark.
IT stocks were down due to concerns over demand outlook from global markets and the recent rally in the rupee.
These companies get over 50 per cent revenue from the US and European markets.
Among 30BSE index components, 19 stocks fell.
Stocks of refinery, information technology and metal sectors suffered heavy losses.
Bucking the general weak trend, stocks of fast moving consumer goods and capital goods ended with gains. ITC rose
by 1.25 per cent to Rs 266.50 and Hindustan Unilever by 1.59 per cent to Rs 536.15.
Keywords: sensex, BSE, NSE, Nifty, closing trade
Printable v ersion | Sep 3 0, 2 01 2 9:3 1 :2 6 AM | http://www.thehindu.com /business/m arkets/late-selling-pulls-down-sensex/article3 9 4 1 3 88.ece
The Hindu
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Business Markets
Published: October 8, 2012 16:50 IST | Updated: October 8, 2012 16:50 IST
Sensex drops to a 10-day low; RIL, SBI among worst-hit

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The Sensex on Monday fell by over 229 points to close at 18,708.98, its lowest in 10 days, on heavy selling in RIL, SBI
and L&T amid weakness in European stocks ahead of a key meeting to discuss the regions debt crisis.
After opening slightly weaker on weak Asian cues, the BSE benchmark index stayed in the negative zone throughout
the session and touched the days low of 18,684.40.
Dragged down by realty, oil and gas, capital goods and consumer durable shares, Sensex finally closed 229.48 points
or 1.21 per cent lower at 18,708.98. This is the lowest closing for the index since 18,579.50 on September 27.
The 50-share NSE Nifty index ended 70.95 points down or 1.23 per cent at 5,676. Selling pressure in heavyweights
led to fall of over 1 per cent today. Lower opening of European indices as well as weaker US Futures also hit
sentiment, said Nidhi Sarswat, Senior Reseach Analyst, Bonanza Portfolio.
RIL was the worst hit among 30-share Sensex on Monday as it dropped 4.51 per cent. Hindalco (3.52 pc), Bhel (3.44
pc), L&T (3.09 pc), SBI (2.97 pc), Tata Motors (2.87 pc), Tata Power (2.5 pc) and Wipro (2.18 pc). Pharma stocks,
however, bucked the trend.
In BSE, 1,515 stocks fell while nearly 1,383 scrips rose. M-cap fell by Rs 62,000 crore to Rs 65.71 lakh crore.
Globally, European stocks are trading over 1 per cent down on reports that World Bank has cut its East Asian growth
forecast. Sentiments were also weak ahead of Eurozone finance ministers meeting shortly to discuss the regions debt
crisis.
Meanwhile, the rupee slumped over 1 per cent to 52.51 against the US dollar in afternoon trade.
Keywords: BSE, NSE, Sensex, Nifty, Reliance Industries, State Bank of India
Printable v ersion | Oct 9, 2 01 2 8:2 2 :3 2 AM | http://www.thehindu.com /business/m arkets/sensex-drops-to-a-1 0day -low-ril-sbi-am ong-worsthit/article3 9 7 7 87 5.ece
The Hindu
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Business Markets
Sensex tumbles by 162 points

PTI
The Sensex today tumbled by 162 points to close at 18,631.10 on across-the-board selling due to Standard & Poors
warning of a one-in-three chance of Indias rating being downgraded in two years.
The S&P downgrade threat, which came a day after the IMF slashed the countrys growth forecasts for 2012 to 4.9 per
cent, dampening the sentiment further.
After resuming over 100 points lower, the BSE benchmark index failed to stage a recovery amid fresh concerns over
the sluggish global economic growth and Eurozone debt crisis.
The rupee also wilted under pressure and fell below the 53-mark against the US dollar in early trade.
With 27 stocks of the 30-share Sensex ending lower, the Sensex closed near days lows at 18,631.10, down 162.26
points or 0.86 per cent. Likewise, NSE Nifty fell below 5,700 level by losing 52.45 points, or 0.92 per cent, to 5,652.15.
Traders said investors hurriedly cut positions as S&Ps warning of a downgrade comes a day after IMF cited low
business confidence and sluggish structural reforms for lowering its growth forecast for India.
SBI, which dropped 2.32 per cent, was the biggest loser among Sensex. It was followed by Tata Power, Hindalco,
BHEL, NTPC and M&M. Wipro fell by 1.72 per cent while Infosys fell 1.3 per cent ahead of September quarter results
on Friday.
Private lenders HDFC Bank and ICICI Bank dropped around one per cent each. However, ITC, RIL and Hero
MotoCorp bucked the negative trend.
Barring FMCG index, the other 12 sectoral benchmarks today fell. Realty shares were hit hard after DLF tanked 5 per
cent.
Overall, just 978 stocks today advanced while 1,929 scrips declined as market breadth was significantly negative.
Dealers said a weakening trend in the Asian region and lower opening in Europe also hit the domestic market trading.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock markets, closing
trade
Printable v ersion | Oct 1 1 , 2 01 2 5:58:3 8 AM | http://www.thehindu.com /business/m arkets/sensex-tum bles-by -1 6 2 -points/article3 9 84 555.ece
The Hindu
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Business Markets
Sensex takes 130-point hit on disappointing Infosys earnings

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The Sensex on Friday dropped by nearly 130 points to close at 18,675.18 on lower-than-expected Infosys earnings and
a cut in its full-year sales guidance, amid slowing industrial production growth in August.
The BSE benchmark index opened nearly 78 points lower dragged down by Infosys scrip which tanked nearly 8 per
cent on reports the IT majors July-September quarter revenues and profits failed to beat market expectations.
Infosys posted 24.3 per cent jump in consolidated net profit at Rs 2,369 crore while its revenues were up 21.7 per cent
at Rs 9,858 crore. The scrip pared some losses to close at Rs 2,395.65, down 5.36 per cent.
The Sensex, which had climbed 174 points in the previous session, closed lower by 129.57 points, or 0.69 per cent to
18,675.18. Infosys, Wipro and Bharti Airtel were major losers.
Brokers said market sentiment was hit due to a cut in Infosys profit margin and sales outlook.
Infosys lowered its revenue growth guidance for the current financial year to 17.3 per cent from the earlier target of
19.7 per cent, setting off alarm bells.
It was a down day for markets...for fourth quarter in a row, Infosys stock crashed post results. Infosys guided about
challenging times and trimmed down its FY13 guidance, said Nagji K Rita, CMD, Inventure Growth & Securities.
Dealers said industrial production growth slowing to 2.7 per cent in August compared to 3.4 per cent in the same
month last year, also upset market participants.
We do not believe this IIP data will have a bearing on the policy stance, although inflation data (on Monday) will still
be crucial, said Kapil Gupta, analyst, Edelweiss.
The Sensex staged a partial recovery from the days low levels on the back of over 1 per cent gain in HDFC Bank shares
as the lender posted 30 per cent rise in quarterly profit.
In 30-share Sensex, 16 stocks declined while 14 scrips including GAIL, Tata Power and Hindalco ended higher.
The 50-share National Stock Exchange index Nifty fell by 32 points, or 0.56 per cent to 5,676.05, after touching the
days low of 5,659.35.

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Business Markets
Published: November 16, 2012 17:04 IST | Updated: November 16, 2012 17:04 IST
Sensex drops 162 points

PTI
Falling for the sixth straight day today, the BSE benchmark Sensex tumbled 162 points to end at nearly two-month
low on late selling in realty, banks and auto shares as the RBI dashed hopes of an early rate cut saying inflation is still
quite high.
Weak trends in global markets on Eurozone debt worries and the rupee trading above 55-levels against the dollar also
hit the sentiment. After a better start at 18,563.32, the Sensex erased early gains after selling in rate-sensitives
gathered pace in the last half hour of trading.
The 30-share Sensex closed 162 points, or 0.88 per cent, lower at 18,309.37 a level last seen on September 20.
At 7.45 per cent inflation is certainly quite high, RBI Governor D Subbarao told reporters on the sidelines of a
function in Pune, adding the central bank is always on high alert on the inflation front.
After headline inflation fell to an 8month low of 7.45 per cent in October, investors had hoped for a rate cut in
December when RBI reviews the monetary policy, said traders.
ICICI Bank lead the 24 losers in 30share Sensex, followed by Tata Motors, SBI, Bhel, Maruti and HDFC.
Analysts said the rupee falling against dollar and worries over slowing global growth further forced investors to sell
holdings.
The mood also turned cautious ahead of the Winter session of Parliament which starts on November 22. The
important economic agenda for the session includes amendment to the Insurance Bill to raise FDI cap from 26 to 49
per cent, Banking Regulation Amendment Bill and Direct Taxes Code.
The National Stock Exchange index Nifty traded below crucial 5,600 mark level by falling 56.95 points, or 1.01 per
cent to 5,574.05.
Keywords: sensex, BSE, Nifty, NSE, closing trade
Comments Recommended Post a comment
Printable v ersion | Nov 1 7 , 2 01 2 6:00:51 AM | http://www.thehindu.com /business/m arkets/sensex-drops-1 62 -points/article4 1 01 7 67 .ece
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Business Markets
Asia stocks fall as talks over US budget stall

AP
Lack of progress in negotiations for a deal to avoid a U.S. budget crisis before a January deadline sent Asian stock
markets lower on Wednesday.
President Barack Obama and U.S. lawmakers have until Jan. 1 to reach a deal to trim the countrys unwieldy deficit.
Otherwise, a series of automatic tax increases and sharp spending cuts will take effect that could drag the worlds No.
1 economy into recession.
A highranking member of the U.S. Senate unnerved investors and sent Wall Street lower on Tuesday after
expressing frustration over the budget impasse and the looming fiscal cliff.
Japans Nikkei 225 index fell 0.8 per cent to 9,348.55, a day after closing at a seven-month high. South Koreas Kospi
shed 0.8 per cent to 1,909.56 and Australias S&P/ASX 200 lost 0.5 per cent to 4,434.90. Hong Kongs Hang Seng fell
0.8 per cent to 21,672.98.
Mr Obama plans to make a public case this week for his strategy for dealing with the issue as he pressures opposing
lawmakers to allow tax increases on the wealthy while extending tax cuts for families earning $250,000 or less.
On Wall Street, reports released Tuesday showing increases in U.S. consumer confidence and orders for machinery
and equipment failed to boost stocks significantly.
If one could just take politicians and the fiscal cliff out of the picture, an optimistic outlook would be far easier to
cobble together. Theres been depressingly little news of cliff breakthroughs, or even developments, of late, said
analysts at DBS Bank Ltd. in Singapore in an email commentary.
The Dow Jones industrial average fell 0.7 per cent to close at 12,878.13. The Standard & Poors 500 index fell 0.5 per
cent to close at 1,398.94. The Nasdaq composite fell 0.3 per cent to 2,967.79.
Benchmark oil for January delivery was down 8 cents to $87.10 per barrel in electronic trading on the New York
Mercantile Exchange. The contract fell 56 cents to finish at $87.18 per barrel on the Nymex on Tuesday.
In currencies, the euro fell to $1.2936 from $1.2939 on Tuesday in New York. The dollar fell to 81.90 yen from 82.17
yen.
Keywords: Asian stocks
Printable v ersion | Nov 2 9 , 2 01 2 6:3 4 :01 AM | http://www.thehindu.com /business/m arkets/asia-stocks-fall-as-talks-ov er-us-budget-stall/article4 1 4 2 6 84 .ece
The Hindu
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Stocks waver as fiscal fears hit economy

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NEW YORK (CNNMoney)
U.S. stocks ended lower Monday, lurching into the final month of the year with all eyes on the stalemate in Washington over the
nation's fiscal policy.
A survey of purchasing managers highlighted the cloudy outlook for the economy as lawmakers and President Obama remain at
odds over tax hikes and spending cuts set to kick in automatically on Jan. 1, widely known as the fiscal cliff.
The ISM manufacturing index contracted in November, falling to its lowest level since July 2009. Economists said the drop in
manufacturing activity was driven by concerns about the fiscal cliff, rather than disruptions due to Hurricane Sandy.
"This survey may indicate that businesses are concerned enough about the fiscal cliff to put spending and hiring decisions on
hold," said Paul Dales, senior economist at Capital Economics.
Separately, the government said construction spending rose 1.4% in October from September. And car sales rebounded even
more than expected in November after being hurt a month earlier by the storm that wreaked havoc on the East Coast.
After opening higher, the Dow Jones industrial average and the S&P 500 both fell nearly 0.5%. The Nasdaq lost 0.3%.
Investors are grappling with an uncertain political environment as the White House and Congress have just four weeks to come
up with a solution to a self-imposed crisis that economists say could tip the nation back into recession.
Related: Fiscal cliff quiz: How much will taxes go up?
Obama outlined an initial proposal last week by calling for $1.6 trillion in new taxes, among other things. Republicans issued a
counter proposal Monday that includes tax reforms, changes to Medicare and other spending cuts worth $2.2 trillion over the
next decade.
"The question now is whether enough common ground can be found to come to an agreement before the end of the year," said
Jason Pride, director of investment strategy at wealth management firm Glenmede. He expects a last-minute delay of the fiscal
cliff, "but we do not believe that the risk of inaction is immaterial."
After a go-nowhere November, some investors are expecting a rebound in December, if history is any guide. December has been
the strongest month of the year for stocks over the past 30 years, as investors close out positions and square portfolios,
according to research from Schaeffer's Investment Research. There hasn't been a negative December since 2007.
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Related: Fear & Greed Index slips into fear
After the market closed, Oracle ( ORCL, Fortune 500) announced plans to make its second, third and fourth quarter dividend
payments on Dec. 21. The tech giant is the latest in a string of companies to have accelerated dividend payments in anticipation
of higher tax rates under the fiscal cliff.
Shares of computer maker Dell ( DELL, Fortune 500) jumped nearly 5% after Goldman Sachs ( GS, Fortune 500) upgraded its
stock from sell to buy. Shares of Advanced Micro Devices Inc ( AMD, Fortune 500), which makes chips for Dell computers,
gained 7.5%.
Qihoo 360 ( QIHU) shares surged 9% after a report in the Wall Street Journal said the Chinese Internet company was gaining
market share from larger rival Baidu Inc ( BIDU).
Dean Foods ( DF, Fortune 500) announced plans to sell its Morningstar division, which makes "extended shelf-life" products,
to Saputo Inc. for $1.45 billion.
Positive data on China's manufacturing sector gave Asian markets an early boost. But fiscal cliff fears ultimately weighed on
markets there as well. The Shanghai Composite lost 1%, the Hang Seng declined 0.9% and Japan's Nikkei posted a small gain.
Related: There's hidden value in CASSH
European markets ended higher, amid the positive news out of China, and signs of the eurozone crisis easing, as Greece
announced details of a debt buyback linked to its revised EU-IMF rescue. The FTSE 100 ( UKX) in London edged up less than
0.1%. The DAX ( DAX) in Germany and France's CAC 40 ( CAC40) both gained 0.3%.
The dollar lost ground against the Japanese yen, British pound and euro. In commodities market, oil and gold prices were
higher.
U.S. Treasuries, meanwhile, sold off, with the yield on the benchmark 10-year note rising to 1.63%.
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Stocks stuck in rut - Dec. 14, 2012
1 of 2
http://money.cnn.com/2012/12/14/investing/stocks-markets/index.html?ii...
By Ben Rooney @CNNMoneyInvest December 14, 2012: 4:09 PM ET

NEW YORK (CNNMoney)
U.S. stocks ended lower Friday as concerns about the fiscal cliff continue to eclipse signs of improvement in the globa
economy.
The Dow Jones industrial average fell nearly 0.3%, the S&P 500 declined 0.4%. The Nasdaq fell 0.7%, dragged low
by shares of Apple ( AAPL, Fortune 500).
"There's not much going on today," said Ryan Detrick, senior technical analyst at Schaeffer's Investment Research. Th
market is "handcuffed" by the political standoff in Washington over spending and taxes, he added.
It was a lackluster end to a mixed week. Stocks rallied Tuesday in anticipation of more stimulus measures from the
Federal Reserve. But stocks ended lower Wednesday after the central bank officially unveiled widely-expected plans t
buy more bonds. The selling continued Thursday and Friday, with the major gauges all ending lower for the week.
The Dow, S&P 500 and Nasdaq all fell less than 0.5% for the week.
Wall Street has been in a funk for weeks as President Obama and lawmakers in Congress remain locked in negotiatio
over tax hikes and spending cuts set to kick in automatically on Jan. 1. While many expect a last-minute compromise,
latest rhetoric from both sides suggests the talks are far from over.
The muted trading Friday came despite a major rally in Chinese stocks on continued improvement in the nation's
manufacturing sector and speculation Beijing will allow funds to buy more assets. The Shanghai Composite rose 4.3
marking its biggest one-day gain since 2009.
Investors also shrugged off the latest reports on the U.S. economy.
The Federal Reserve reported that industrial production jumped 1.1% in November, although economists said the large
than-expected increase was due to Hurricane Sandy.
Separately, U.S. consumer prices fell 0.3% in November, the Commerce Department said. Core CPI, which excludes
16-Dec-2012 1:21 PM
Stocks stuck in rut - Dec. 14, 2012
2 of 2
http://money.cnn.com/2012/12/14/investing/stocks-markets/index.html?ii...
volatile food and gas priced, edged up 0.1% last month. The data suggest that inflation remains tame, paving the way
the Fed to maintain its stimulus policies.
"The risks surrounding the fiscal cliff outweigh the rewards of good economic news," said Oliver Pursche, president of
Gary Goldberg Financial Services. "It's the notion that our politicians just don't get it and are willing to play chicken wit
our economy."
Shares of software firm Adobe Systems ( ADBE) surged following quarterly earnings that beat expectations.
Investors will also be watching UBS ( UBS) after published reports indicated the bank faces a $1 billion Libor-related
penalty.
Best Buy ( BBY, Fortune 500) shares sank after the company's board agreed to extend the deadline for a takeov
bid by ex-CEO and Best Buy founder Richard Schulze.
Apple shares declined after UBS lowered its 2013 earnings per share estimate for the company.
Facebook ( FB) shares were also in the red, as investors gear up for another lockup expiration. About 156 million sh
held by Facebook employees will be released into the market.
Fear & Greed Index
European markets ended mixed. A survey of purchasing managers in the euro area edged up to 47.3 in November fro
46.5 in October, according to preliminary data from Markit. The eurozone composite PMI, which reflects activity in
manufacturing and the services sector, has increased for two months in a row and stands at a 9-month high.
In Asia, the Shanghai Composite was the biggest gainer. Shares in Hong Kong also advanced, but Japan's stock
exchange ended lower ahead of this weekend's parliamentary elections.
A new analysis by a United Nations agency stated if the U.S. falls off the cliff, some Asian countries could see growt
decline by up to 2.2 percentage points, with particularly negative ramifications for export-based economies such as
Singapore and Hong Kong.
GDP growth in China, now the world's second largest economy, could slow by nearly one percentage point in the
worst-case scenario.
Oil and gold prices edged higher as the U.S. dollar fell in the currency market. Bond prices rose, with the yield on t
10-year Treasury note falling to 1.7%.
First Published: December 14, 2012: 9:42 AM ET
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[what's this
16-Dec-2012 1:21 PM

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Stocks fall as investors await fiscal cliff deal

%\(PLO\-DQH)R[#&110RQH\,QYHVW'HFHPEHU30(7
NEW YORK (CNNMoney)
U.S. stocks fell Wednesday, as investors wait for politicians to reach an agreement that puts an end to the Washington gridlock
on the fiscal cliff.
The Dow Jones Industrial Average, the S&P 500 and the Nasdaq all closed down between 0.3% and 0.8%.
Earlier in the day, investors seemed willing to dismiss the latest warning from ratings agency Fitch, which reiterated it may strip
the U.S. of its AAA credit rating if Washington is unable to strike a deal soon to avert the fiscal cliff and allow borrowing to rise.
But the pace of selling picked up as the day wore on.
Even though stocks lost ground Wednesday, markets have had strong gains in the past few days, as investors welcomed signs of
an end to the weeks-long stalemate in Washington over tax hikes and spending cuts set to kick in on Jan. 1.
Aside from the fiscal cliff talks, investors got an update on the nascent housing market recovery. The news wasn't good -- the
Census Bureau said housing starts fell 3% in November to an annual rate of 861,000.
Early Wednesday, UBS ( UBS) said it will pay $1.5 billion to settle claims in the U.S., U.K. and Switzerland over rigging Libor
benchmark interest rates. The Department of Justice announced that two former UBS traders face criminal charges. The
settlement was widely expected, and shares of UBS were slightly lower after earlier gains.
Also, the Treasury Department announced it will exit all of its investment in General Motors ( GM, Fortune 500) within the
next 12-15 months as part of its efforts to wind down its investments in the Troubled Asset Relief Program (TARP). Shares of
GM were up nearly 7%.
Trading firm Knight Capital ( KCG) said it will merge with rival and partial owner Getco, just three weeks after Getco made
its offer. Knight Capital stock gained nearly 6%.
Related: America's Debt Challenge
In other corporate news, FedEx ( FDX, Fortune 500) reported that earnings fell due to a weakened global outlook and the
impact of Superstorm Sandy. FedEx is often viewed as a bellwether for the broader economy due to the global scope of its
business. Profits were down, but they topped forecasts. Shares of the shipping giant edged slightly higher.
Cereal maker General Mills (
GIS, Fortune 500) posted better-than-expected quarterly earnings Wednesday morning as well.

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After the closing bell Tuesday, tech giant Oracle (

analysts' forecasts. The stock was up 4%.
ORCL, Fortune 500) reported quarterly profits and revenue that beat
Shares of U.S. gun makers bounced back a bit Wednesday after struggling following the tragedy at the Sandy Hook elementary
school in Connecticut Friday. Both Sturm Ruger ( RGR) and Smith & Wesson ( SWHC) gained roughly 7%. Shares of Cabela's
( CAB), a sporting goods retailer that specializes in hunting gear and guns, were also higher.
Fear & Greed Index
European markets shrugged off the UBS settlement news and closed higher.
Most Asian markets ended broadly firmer, though the Shanghai Composite ended close to flat. Japanese stocks continued to
lead the way on expectations of new measures to stimulate the economy. The Bank of Japan is expected to announce an increase
in its asset-purchase program on Thursday.
The dollar was steady against most major currencies, and continued to gain against the yen, which has been hit by the talk of
further monetary stimulus.
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World aghast at fiscal cliff mess

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Stocks fell around the world as prospects for a U.S. budget deal faded
LONDON (CNNMoney)
Fiscal cliff was one of Collins dictionary's words of 2012, along with Gangnam Style and Eurogeddon. But those who hoped the
phrase would be redundant next year might be disappointed.
Washington is winding down for the holidays without a plan to prevent New Year tax increases and spending cuts that could
send the U.S. into recession.
Lawmakers will have a last chance this year to cut a deal on the fiscal cliff when they return on Dec 27.
With much of Europe, and Japan, already in recession and China yet to return to the double-digit expansion of recent years,
failure would spell trouble for the world economy as it struggles to return to sustainable growth after the financial crisis.
World markets reacted accordingly on Friday. Stocks fell, the euro was weaker and oil prices were off as investors sought safe
haven assets such as the dollar and gold and took some profits after recent gains fueled in part by hopes of a deal between
President Obama and Congress.
Related: Full coverage of the fiscal cliff
But the failure of House Speaker John Boehner to muster enough support among his Republican members for a "Plan B",
including tax hikes for those earning over $1 million a year, was linked by financial market players to the doomsday Mayan
prophesy that the world would end on Friday.
"The world hasn't ended but hopes for a deal to avert the U.S. fiscal cliff before the year-end certainly have," said ETX Capital
strategist Ishaq Siddiqi in London. "We could get an 11th hour deal, but it seems unlikely now with markets expecting U.S.
lawmakers to address the issue in January."
Japanese bank Nomura said the probability of a deal before January had fallen but it still saw a 50:50 chance, provided Obama
and Boehner get back to the negotiating table quickly. Without agreement, it predicted a "strong negative market reaction" well
into January.
Related: Fix fiscal cliff or risk downgrade, says Fitch
The inability of U.S. politicians to find a solution to a crisis of their own making reflects badly on both Obama and Boehner but
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even conservative commentators described it as a disaster for the Republicans.

By opposing tax increases of any kind, the party now faces blame for allowing taxes to rise on everyone as cuts dating back to the
era of President Bush expire.
"America's government chose not to govern yesterday," wrote U.S. historian Tim Stanley in a commentary published by British
newspaper the Daily Telegraph. "Aside from being very bad news for America's economy, this is a disaster for Republicans."
Germany's Die Welt newspaper said Boehner emerged the most damaged from Thursday's debacle but said it contained hidden
dangers for Obama.
"A Pyrrhic victory for President Obama, a serious embarrassment for the Republican John Boehner and new uncertainty for all
Americans about whether the dive off the fiscal cliff can even be avoided: this is the dismal end result of the failure of Boehner's
Plan B," the paper wrote.
Boehner's loss of authority will make it much harder for Obama to find any compromise with Congress at all, Die Welt wrote.
The fiscal cliff will be on everyone's lips for a while longer.
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Business Markets
Published: December 21, 2012 16:58 IST | Updated: December 21, 2012 16:58 IST
Sensex tumbles 212 points on weak global cues

PTI
The BSE benchmark Sensex on Friday closed 212 points lower on profit-booking ahead of the ending of calendar year
amid a weak trend in the overseas markets.
The Sensex dropped by 211.92 points, or 1.09 per cent, to 19,242 led by realty, metal and healthcare sectors.
The broad-based National Stock Exchange index Nifty dropped by 68.70 points, or 1.16 per cent, to 5,847.70.
Brokers said profit-booking by major market players ahead of the ending of calendar year amid steep fall in overseas
markets as hopes of solution to the US budget deficit issue mainly pulled down the trading sentiment.
Global cues also were not supportive as fiscal cliff issues continue to overshadow any other economic news, Amar
Ambani, Head of Research, IIFL, said.
Bharti Airtel shares lost 3 per cent on reports of CBI filing charge sheet in connection with alleged irregularities in
spectrum allocation during the NDA regime involving three telecom companies.
Asian and European stocks fell from a 19-month high after reports said American House Republicans cancelled a vote
on higher taxes for top earners, fuelling concern budget talks will fail.
In 30-share BSE Sensex components, barring ITC and Tata Consultancy Services, all the stocks closed with losses.
The realty sector index suffered the most by losing 3.51 per cent to 2,048.55 followed by metal index by 1.80 per cent
to 11,039.17. The capital goods index lost 1.66 per cent to 10,735.11 and banking index by 1.34 per cent to 14,151.18.
trade
Printable v ersion | Dec 2 9 , 2 01 2 1 1 :2 7 :2 7 PM | http://www.thehindu.com /business/m arkets/sensex-tum bles-2 1 2 -points-on-weak-global-cues/article4 2 2 59 81 .ece
The Hindu
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Comments to: web.thehindu@thehindu.co.in Copyright 2012, The Hindu
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Stocks tumble as fiscal cliff deadline nears

%\%HQ5RRQH\#&110RQH\,QYHVW'HFHPEHU$0(7
NEW YORK (CNNMoney)
U.S. stocks sank Monday as investors remain concerned that officials in Washington will fail to resolve a looming fiscal crisis.
The Dow Jones industrial average fell 0.4%. The S&P 500 and the Nasdaq both lost about 0.3%. U.S. markets closed at 1 p.m. ET
and will remain dark Tuesday for the Christmas holiday.
With time running out, investors are increasingly concerned about the lack of progress in talks over tax hikes and spending cuts
set to kick in automatically on Jan. 1, known as the fiscal cliff.
Stocks fell 1% on Friday after a plan by Speaker John Boehner to avert the fiscal cliff failed to get enough support in the House
late Thursday. President Obama spoke about the negotiations Friday evening before leaving for the holiday, urging a scaledback deal that would stop taxes from rising on 98% of Americans -- something both sides say they want.
No one expects progress on a deal Monday, with members of Congress having left Washington for their homes to celebrate the
Christmas holiday.
Related: What happens to stocks if we go over fiscal cliff?
But investors are still holding out hope for a temporary fix before the end of the year, said Mark Luschini, chief investment
strategist at financial advisory firm Janney Montgomery Scott. Such a deal would only forestall the immediate crisis and delay
more difficult decisions until later next month, he added.
"If they can avert the worst, the market will find some support," said Luschini. "Absent that, we will definitely see some pressure
on equities."
Fear & Greed Index
Most federal offices and many businesses were closed on Monday. There are no economic reports or corporate news scheduled
for release.
European markets ended a holiday-shortened day mixed, with markets in Germany closed. Italy's Mario Monti said this
weekend he may consider a second term as prime minister if asked by parties committed to the economic reforms he began over
the past 12 months.
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Asian markets ended slightly higher, while markets in Japan were closed.
The U.S. dollar rose versus the euro, British pound and Japanese yen. In the bond market, U.S. Treasuries were lower, with the
10-year note yielding 1.78%. Oil prices fell while gold prices edged higher.
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Stocks falter as wait for Washington continues

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NEW YORK (CNNMoney)
U.S. stocks faltered Wednesday as political wrangling over the fiscal cliff continued to dominate investor sentiment.
The Dow Jones industrial average fell 0.2% and the S&P 500 lost 0.5%. The Nasdaq dropped 0.7%. The tepid trading came as
investors returned from the Christmas holiday. U.S. markets were closed Tuesday and Monday was an abbreviated trading day.
Market bulls have pulled in their horns as President Obama and Congress have been unable to agree on a plan to avert tax hikes
and spending cuts from kicking in automatically on Jan. 1.
The bears have become increasingly convinced that Washington will fail to resolve a self-inflicted crisis that could tip the
economy into recession.
Those in the middle are betting on a short-term compromise that prevents the worst and delays more difficult decisions to later
in the year.
"Any kind of deal will be good for the market," said Ryan Larson, head of U.S. equity trading for RBC Global Asset Management.
"Whether a full deal is reached or they kick the can down the road, the market will be happy."
As the talks continue, Obama is ending his vacation Wednesday to make a late bid to reach a deal before the year ends. The
White House said he should be back in Washington on Thursday, when House and Senate members are expected to reconvene.
Meanwhile, the political drama continued to overshadow economic fundamentals.
Related: What will happen to stocks if we go over the cliff?
In a sign of continued improvement in the housing market, home prices rose at an annual rate of 4.3% in October, according to
the S&P/Case-Shiller home price index. It was the biggest rise in home prices in more than 2 years and topped analysts'
expectations.
The housing data came on the heels of weak retail sales during this holiday shopping season. MasterCard's ( MA, Fortune 500)
SpendingPulse reported that retail sales during the run-up to Christmas showed an increase of only 0.7% versus last year, far
below the expected 3% to 4%.
The news put pressure on shares of major retailers. Share of Urban Outfitters (
URBN), Coach (
COH), Macy's (
M, Fortune

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500), Tiffany & Co. (
TIF), and Amazon (
AMZN, Fortune 500) were all lower.
Shares of Herbalife ( HLF) rose nearly 7%, recovering from sharp losses last week, after the company said it hired a strategic
adviser and would hold an investor meeting next month. Hedge fund manager Bill Ackman dubbed the nutritional supplement
company a "pyramid scheme" at a conference in New York last week.
Fear & Greed Index
European markets were closed Wednesday for Boxing Day.

Japan's Nikkei index gained 1.5%, and the yen continued its recent slide against the dollar as the country's parliament elected
Shinzo Abe as prime minister. Abe, who won a landslide election victory earlier this month, has promised aggressive stimulus
measures to combat deflation and get the world's third-biggest economy growing again.
Markets in Hong Kong were closed, while the Shanghai Composite ended flat.
Oil and gold prices moved higher. The yield on the 10-year U.S. Treasury note edged down to 1.76%.
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By Zacks Equity Research | Zacks Thu, Dec 27, 2012 8:37 AM EST
A slump in U.S retail stocks and investor apprehensions about the Fiscal Cliff dragged the benchmarks lower on
Wednesday. This was the third consecutive day of losses for the benchmarks and a report which showed that U.S. singlefamily home prices had increased in October was of no help. While the S&P 500 suffered its biggest three-day fall since
mid-last month, only the materials sector out of its 10 industry groups could finish in the green yesterday.
The Dow Jones Industrial Average (:DJI) lost 0.2% to close the day at 13,114.59. The Standard & Poor 500 (S&P 500) shed
0.5% to finish yesterdays trading session at 1,419.83. The tech-laden Nasdaq Composite Index slipped 0.7% to end at
2,990.16. The fear-gauge CBOE Volatility Index (:VIX) jumped 9.2% to settle at 19.48. Consolidated volumes on the New
York Stock Exchange, American Stock Exchange and Nasdaq were roughly 4.01 billion shares, considerably lower than the
daily average of 6.48 billion shares. Declining stocks easily outpaced advancers on the NYSE; as for 62% stocks that fell,
only 34% stocks moved higher.
With hardly any major development regarding the Fiscal Cliff dilemma in the past three trading sessions, benchmarks have
consistently closed in the red during this period. The S&P 500 logged its largest three-day decline since November 15,
declining 1.5% in the last three trading sessions.
President Barack Obama and Congress will be back on Thursday from their short Christmas holiday to negotiate the Fiscal
Cliff issue for the final time. Both President Obama and House of Representatives Speaker John Boehner have tried to
resolve the Fiscal Cliff issue but they did not succeed in their efforts. If Congress fails to avert the Fiscal Cliff of $600 billion
in spending cuts and tax increases, then it will take effect from next week and may result in another recession.
Also weighing on the mood yesterday was dismal data about holiday season sales. U.S retailers had expected to post
encouraging sales, but it did not happen this time around. A report from MasterCard Advisors SpendingPulse showed that
U.S retailers witnessed a mere 0.7% increase in sales from October 28 to December 24 compared with the same period in
the previous year. U.S consumer spending accounts for nearly 70% of the economy and low retail sales in the otherwise
promising holiday season is definitely a matter of concern.
The Consumer Discretionary Select Sector SPDR (XLY) lost 1.0% and was the biggest loser among the S&P 500 industry
groups. Stocks such as Abercrombie & Fitch Co. (NYSE:ANF), The Gap Inc. (NYSE:GPS), Amazon.com, Inc.
(NASDAQ:AMZN), Limited Brands, Inc. (NYSE:LTD) and Ralph Lauren Corp (NYSE:RL) plunged 3.5%, 3.1%, 3.9%, 3.2%
and 3.3%, respectively.
However, the housing sector had positive numbers to share. The S&P/Case-Shiller Home Price Indices revealed that both its
10- and 20 city composites increased in October on a seasonally adjusted basis. According to the report, the S&P/CaseShiller composite index of 10 and 20 city composites surged 0.6% and 0.7%, respectively, in October from September on a
seasonally adjusted basis. However, the S&P/Case-Shiller composite index of 10 and 20 city composites both declined 0.1%
in October from September on a non-seasonally adjusted basis. The report also states that the S&P/Case-Shiller 20-city
composite Home Price Index has increased 4.3% year on year.
The materials sector was the only sector which ended in the green among the S&P 500 industry groups for two consecutive
days. The Materials Select Sector SPDR (XLB) gained 0.6%. Stocks such as The Dow Chemical Company (NYSE:DOW), E I
Du Pont De Nemours And Co (NYSE:DD), Monsanto Company (NYSE:MON), American Vanguard Corp. (NYSE:AVD) and
LyondellBasell Industries NV (NYSE:LYB) added 0.6%, 1.4%, 2.5%, 0.3% and 0.6%, respectively.
Read the analyst report on ANF
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Stocks sink 2% for the week

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NEW YORK (CNNMoney)
Stocks closed lower for the fifth straight day Friday, ending the week down nearly 2%, as investors continue to fear the impact of
falling over the fiscal cliff.
The S&P 500, the Dow, and the Nasdaq ended the day down between 0.9% and 1.2%. The Dow suffered its steepest loss since
Nov. 14.
The selling gained steam in the last few minutes of trading after reports that President Obama wasn't making a new offer during
a meeting with congressional leaders at the White House Friday afternoon. Obama had been expected to propose a scaled-back
fiscal cliff deal during the meeting.
During the past several days, rumors about both progress and setbacks have caused wild swings in the stock market. Until the
last few minutes of trading, Friday's sell-off had been less volatile. Trading volume has been particularly light this week, causing
more dramatic moves as news leaked out.
The House of Representatives will be in session Sunday to give its members time to attempt to hammer out a deal.
Related: Washington's real cliff deadline is inauguration
As hopes for a substantial budget agreement have diminished, all three indexes are on track to end December in the red.
Still, despite recent pressure, stocks have had a pretty stellar year, with all three indexes up between 6% and 14%.
Investors are hoping that leaders will at least be able to reach a breakthrough that will postpone at least some of the automatic
tax hikes and spending cuts due to take effect on Jan. 1. Failure to reach a deal could potentially push the U.S. economy into a
recession.
Fear & Greed Index
Investors shrugged off two better-than-expected economic reports Friday morning. Readings on both the Chicago purchasing
managers index and pending home sales for December rose more than expected.
Shares of Hewlett-Packard ( HPQ, Fortune 500) fell after the company announced that the Department of Justice is
investigating possible accounting fraud at Autonomy. After acquiring Autonomy for $11 billion last year, HP took an $8.8 billion
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writedown related to the acquisition this year.

Shares of Barnes & Noble ( BKS, Fortune 500) rose 6% after British publisher Pearson (
$90 million for a 5% stake in the retailer's Nook unit.
PSO) announced that it would invest
European markets closed lower. Italy passed its first test of investors' interest since prime minister Mario Monti resigned
earlier this month, successfully selling 3 billion in 10-year government bonds Friday.
Related: Bank fines top $10 billion this year
Asian markets ended stronger. In Japan, which will be closed on Monday, the Nikkei ended the year up more than 20%. The
index's recent strong run comes as the yen has been weakening on the prospect of further monetary easing. The Shanghai
Composite posted further gains and is poised to end the year in the black.
The U.S. dollar rose against the euro, but dropped against the British pound and the Japanese yen.
The yield on the 10-year Treasury note stayed steady at 1.70%. Oil and gold prices were modestly lower.
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Business Markets
Sensex declines as rate cut hope fades
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The BSE benchmark Sensex on Wednesday closed down by 169 points due to profit-booking amid RBI saying that
inflation was still high, fading hopes of a rate cut.
The Sensex fell by 169.19 points or 0.85 per cent to settle at 19,817.63. The gauge had crossed the 20,000-mark after
two years in Tuesdays trade. The index had rallied almost 324 points in last three sessions.
The broad-based National Stock Exchange index Nifty today ended 54.75 points, 0.90 per cent, lower at 6,001.85,
after touching the days low of 5,992.05.
Brokers said besides profit-booking by speculators as well as funds after the benchmark crossed 20,000-mark in
Tuesdays trade, the Reserve Bank saying that inflation was still high and there was no room for fiscal or monetary
stimulus to boost growth in slowing economy mainly halted the ongoing rally.
When growth is slowing down you can stimulate the economy either by monetary easing or by fiscal stimulus, but
both monetary and fiscal side have no room for stimulus. So that is the big concern, RBI Governor D. Subbarao said
while addressing IIM students last evening in Lucknow.
The RBI meets on January 29 to review its monetary policy.
Besides, a weakening trend in the Asian region and a lower opening in European markets also triggered selling by
funds, they said.
While auto, metal, banking, realty, capital goods and IT sector indices remained in the negative zone, an upsurge in
oil and gas sector as stocks of Reliance Industries gained 1.58 per cent ahead of quarterly earnings cushioned the
market to some extent.
The Auto sector index suffered the most by losing 2.40 per cent to 11,335.09 as shares of Maruti Suzuki fell by 3.30
per cent, Tata Motors by 3.24 per cent, Mahindra and Mahindra by 2.95 per cent and Bajaj Auto by 1.87 per cent
largely on disappointing sale numbers in December.
The banking index fell 1.66 per cent to 14,514.96 as all the 14 constituent stocks, closing lower with losses up to 3.06
per cent.
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Shares of software services exporters which had been in the limelight in the past few sessions on the back of strongerthan-expected earnings succumbed to profit-booking.
IT giant Infosys lost 0.68 per cent to Rs 2,771.05, while Wipro fell by 0.02 per cent to Rs 420.05.
Overall, 24 stocks declined while six gained in 30-share Sensex.
Keywords: BSE, NSE, Sensex, Nifty, rate cut hopes
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Business Markets
Published: January 29, 2013 17:13 IST | Updated: January 29, 2013 17:17 IST
Sensex dips despite RBI rate cut

PTI
The BSE benchmark Sensex today dipped below the 20,000-level by losing 112 points on profit selling by investors
despite Reserve Bank of India (RBI) reducing lending rates by 0.25 per cent.
The Sensex ended lower by 112.45 points, or 0.56 per cent, to 19,990.90.
Though the gauge touched the days high of 20,203.66 following interest rate cut announcement, the sensex touched a
low of 19,970.05 as the RBI projected a lower economic growth for the current fiscal.
The broad-based National Stock Exchange index Nifty lost 24.90 points, or 0.41 per cent, to 6,049.90, after touching
the days high of 6,111.80.
The RBI trimmed the economic growth projection for the current fiscal to 5.5 per cent, from 5.8 per cent estimated
earlier and said it was necessary to arrest the decline in growth as inflation risks moderate.
The market failed to cheer the RBIs decision to the reduction of interest rates by 0.25 per cent and the release of Rs.
18,000 crore into the financial system.
Shares fall
Besides banking stocks, the two index heavyweight with their nearly 17 per cent weightage Reliance Industries and
Infosys fell by 1.68 per cent to Rs. 882.55 and 0.54 per cent to Rs. 2,795, respectively.
Among the lenders, State Bank of India fell by 1.32 per cent to Rs. 2,357.30, HDFC Bank by 2.54 per cent to Rs. 653,
Bank of India 4.01 per cent to Rs. 341, Bank of Baroda by 2.64 per cent to Rs. 847.15, Canara Bank by 2.23 per cent to
Rs. 471.80, Yes Bank by 1.92 per cent to Rs. 512.25 and Punjab National Bank by 1.45 per cent to Rs. 859.30.
trade
Printable v ersion | Feb 1 , 2 01 3 6:50:2 8 AM | http://www.thehindu.com /business/m arkets/sensex-dips-despite-rbi-rate-cut/article4 3 57 3 2 6 .ece
The Hindu
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markets discount RBI rate cut, Sensex plunges

112 pts to end below 20K
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PT I : Mu m ba i, T u e Ja n 2 9 2 0 1 3 , 1 8 :5 1 h r s
Lat est News Today 's Paper Edit s & Columns

*
After cheering RBI cutting lending rates initially, BSE benchmark

Sensex today nosedived by 112 points to end below 20,000 level on
SC junks Kerala rape acquittals, orders ...
profit selling at existing levels in rate-sensitive realty, auto and banking
Gov t m ulls ordinance to push Verm a repor...
sectors.
Shot in abdom en by Naxals, abandoned by ...
Shortly after RBI announced a cut in short-term lending rate by 0.25

68
per cent and a surprise 0.25 per cent cut in cash reserve ratio, the 30share Sensex gained over 100 points to touch day's high of 20,203.66.
Soon, a bout of profit-booking emerged in rate sensitive stocks that
Gov t clears 1 4 m ajor changes to Lokpal B...
Vishwaroopam : Jay a offers to broker peac...

Salm an to be tried for culpable hom icide
Centre writes to states, m ulls congesti...
had logged gains recently on hopes of RBI delivering a rate cut after
nine long months, dragging the index down to 19,990.90, a loss of
5HFHQW $ FW LY LW \
112.45 points or 0.56 percent, at close.

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"Markets cheered the rate cut news by going above key levels.

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However, as the news was discounted in recent rally, it came down.
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There are different factors at play," said Anand Rathi, Founder &
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Chairman, Anand Rathi Financial Services.

The Sensex had gone up by 400 points in the past 14 trading sessions
on hopes of rate cut.
In a "somewhat surprise move", cutting the CRR by a further 0.25 per
cent to 4 per cent will add around Rs 18,000 crore of liquidity into the
banking system, said Richard Iley, Chief Asia Economist, BNP
Paribas.
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Brokers also said sentiment was subdued after RBI projected a lower
economic growth for current fiscal amid some investors trimming
positions ahead of derivatives expiry.
The 50-share National Stock Exchange index Nifty closed 24.90
points, or 0.41 per cent, lower at 6,049.90, after touching the day's
high of 6,111.80.
... contd.
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Tags: Stock m arkets, RBI rate cut, Sensex close, econom ic growth projections,
infosy s shares, HDFC Bank stock, m arkets news
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Business Markets
Sensex declines 110 points on profit-booking

PTI
The market heavy weight Reliance Industries fell by 1.39 per cent to Rs 886.55 and Infosys lost by 0.13 per cent to Rs
2,788.75.
7KH+LQGX
The BSE benchmark Sensex on Thursday lost 110 points to close below 20,000 level as investors booked profit,
particularly in ICICI Bank and RIL.
The Sensex ended with a loss of 110.02 points, or 0.55 per cent, to close at 19,894.98.
Similarly, the wide-based National Stock Exchange index fell by 21 points, or 0.35 per cent, to 6,034.75.
Brokers said selling pressure gathered momentum as speculators forced to clear their long pending positions created
in the recent rally following monthly expiry of derivatives segment.
They said some investors booked profits from current upsurge when the benchmark hovered at two-year high.
Besides, a weak trend in the Asian region and lower opening in Europe further influenced the market sentiment, they
added.
The market heavy weight Reliance Industries fell by 1.39 per cent to Rs 886.55 and Infosys lost by 0.13 per cent to Rs
2,788.75.
The second biggest private lender ICICI Bank declined by 1.93 per cent to Rs 1,190.85 despite reporting over 30 per
cent rise in its standalone net profit at Rs 2,250 crore in the third quarter ended December 2012
In 30-BSE index components, 19 stocks declined while 11 closed with gains. The banking sector suffered the most by
losing 0.42 per cent to 14,580.26, after investors created long positions before the RBI credit policy.
Keywords: Bombay Stock Exchange, BSE, NSE, stocks
Printable v ersion | Feb 1 , 2 01 3 6:4 7 :3 8 AM | http://www.thehindu.com /business/m arkets/sensex-declines-1 1 0-points-on-profitbooking/article4 3 6 509 9 .ece
The Hindu
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Stocks retreat at end of strong January

%\%HQ5RRQH\#&110RQH\,QYHVW-DQXDU\30(7
NEW YORK (CNNMoney)
U.S. stocks drifted lower Thursday, ending a blockbuster month on a soft note, as reports on the job market added to concerns
about the economy.
The Dow Jones industrial average fell 0.3%, while the S&P 500 lost 0.2%. The Nasdaq ended little changed.
Despite the weakness, stocks have started the year with a bang.
The Dow gained 5.9% in January, making it the best performance for that month since 1994, when blue-chips rose 6%. The S&P
500 gained 5% for the month, while the Nasdaq added 4%.
Both the Dow and S&P 500 are hovering just below all-time highs, near levels not seen since 2007.
Investors have been increasingly willing to take risks, with money flowing into equity funds over the past few weeks, said Bruce
McCain, chief investment strategist at Key Private Bank. But he warned that the bulls may be overlooking some troubling
economic signs, and that stocks could be headed for a pullback.
"We need to be careful here in concluding that investors are not going to sober up if we continue to get weak numbers," said
McCain. "Investors are feeling good and ignoring the implications of some of the more disturbing news."
Related: What's behind the bull market
Early Thursday, the government reported a jump in initial jobless claims following two weeks of declines. And separately,
outplacement firm Challenger, Gray & Christmas said the number of planned job cuts surged 24% to 40,430 in January.
Those figures are worrisome ahead of the all-important monthly jobs report due Friday. Analysts are expecting that employers
added 180,000 jobs in January, and that the unemployment rate ticked down to 7.7% from 7.8% in December.
Meanwhile, personal income in December rose 2.6%, while spending inched up 0.2%, according to the Commerce Department.
But the jump in incomes was driven mainly by Americans trying to avoid paying higher taxes in the new year, and is not expected
to continue.
"This morning's data adds to our view that the economy is not accelerating," said Steven Ricchiuto, chief economist at Mizuho
Securities. "Instead, it is stuck on a shallow growth trajectory."

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Thursday's reports come a day after the government reported a surprise drop in economic activity during the fourth quarter,
although the GDP data contained some hints of underlying improvement.
Investors were also rattled Wednesday by the latest statement from the Federal Reserve, which said economic growth had
paused.
In corporate news Thursday, shares of Anheuser-Busch InBev ( BUD) fell 6% after the U.S. Justice Department moved to block
the beverage giant's merger with Groupo Modelo, the leading brewer in Mexico. Groupo Modelo ( GPMCY) shares, which
trade over the counter in the United States, were down 6%. Elsewhere in the alcohol sector, shares of Constellation Brands
( STZ), which distributes Modelo-brewed beers in the U.S. market, sank nearly 19%.
Shares of UPS ( UPS, Fortune 500) declined after the shipping giant's fourth-quarter earnings came in below of forecasts. The
company's guidance for 2013 was also weaker than expected.
Shares of Dow Chemical (
DOW, Fortune 500) also declined on an earnings miss.
Facebook ( FB) shares dropped after the firm said late Wednesday that its fourth-quarter mobile user growth had slowed
slightly versus the third quarter. Facebook's fourth-quarter earnings and sales beat Wall Street estimates.
Of the 200 companies in the S&P 500 that have reported earnings so far, 136 have beat analysts' estimates, according to S&P
Capital IQ. Overall, earnings are expected to be up 5.1% for the quarter.
PulteGroup ( PHM) reported a four-fold increase in quarterly earnings and said new orders jumped 27%. Despite the strong
results, shares of Pulte fell 4%, weighing down shares of other homebuilders. Hovnanian ( HOV) and Lennar ( LEN ) were also
under pressure.
Meanwhile, shares of TRI Pointe Homes (
TPH) surged 13% after the company made its debut as a public company.
Related: Fear & Greed index near record high
European markets ended lower corporate earnings weighed on sentiment. Results from oil major Shell and drinks group Diageo
( DEO) missed expectations, while Deutsche Bank ( DB) posted a $3.5 billion quarterly loss on legal and restructuring
charges. Telecoms equipment maker Ericsson bucked the trend, posting strong gains after beating expectations.
Asian markets ended mixed, with the Hang Seng slipping 0.4%.
Gold prices dropped nearly 1%, while oil was down 0.8% in the commodities market. The yield on the 10-year U.S. Treasury
note fell to 1.9% from 2% on Wednesday. The U.S. dollar fell versus the euro and the British pound, but gained against the
Japanese yen.
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Business Markets
Published: February 1, 2013 16:44 IST | Updated: February 1, 2013 16:44 IST
Sensex falls 114 points on profit-booking

PTI
$ILOHSLFWXUHRI%RPED\6WRFN([FKDQJHLQ0XPEDL
7KH+LQGX
The BSE benchmark Sensex on Friday closed 114 points lower on profit-booking amid weak earnings by Bharti Airtel
and BHEL.
The Sensex fell by 113.79 points, or 0.57 per cent, to 19,781.19. The gauge commenced the day higher on investors
covering their pending positions. The index had lost 110 points in the previous session.
Similarly, the broad-based National Stock Exchange index Nifty lost 35.85 points, or 0.59 per cent, to 5,998.90,
dipping below 6,000 level.
Brokers said the market remained under pressure on investors booking profits from previous months hefty gains.
They said sentiment further dampened on reports of weak earnings by leading companies like Bharti Airtel and
BHEL.
While Bharti posted a 72 per cent decline in its net profit to Rs 284 crore for the third quarter ending December,
BHEL profits declined by 17.5 per cent to Rs 1,182 crore.
In 30-BSE index components, 18 stocks declined led by Infosys, Tata Motors, HDFC, ICICI Bank, State Bank of India,
Hindustan Unilever, ONGC, Larsen and Toubro and Tata Steel.
Shares of Bharti Airtel closed at 330.50 apiece, 2.62 per cent lower, while BHEL declined 1.03 per cent to 225.35
apiece on the BSE.
The realty sector index suffered the most by losing 1.16 per cent to 2,212.59 followed by auto sector by 0.98 per cent to
10,885.84. Bank index fell by 0.79 per cent to 14,465.16 and metal index by 0.78 per cent to 10,523.82.
Keywords: Bombay Stock Exchange, Stocks, Profit booking, BHEL, Infosys
Printable v ersion | Feb 2 , 2 01 3 6:59 :4 9 AM | http://www.thehindu.com /business/m arkets/sensex-falls-1 1 4 -points-on-profitbooking/article4 3 6 89 9 6 .ece
The Hindu
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6WRFNVVOLSRQQHZ(XURSHIHDUV)HE
Stocks slip on new Europe fears

%\%HQ5RRQH\#&110RQH\,QYHVW)HEUXDU\30(7
NEW YORK (CNNMoney)
U.S. stocks sank Monday, with the Dow retreating from the 14,000 milestone as concerns about European politics weighed on
the market.
The Dow Jones industrial average fell 129 points, or 0.9%. The S&P 500 fell 0.8% and the Nasdaq lost 0.6%. On Friday, the Dow
surged to close above 14,000 for the first time since October 2007, putting an all-time high in sight.
European markets closed sharply lower as concerns about political instability in the eurozone resurfaced. The DAX index in
Germany and France's CAC 40 both fell more than 2%.
"Politics have been an important driver today," Scotiabank analyst Camilla Sutton wrote in a note to clients, pointing to
corruption allegations against the Spanish Prime Minister and a banking scandal in Italy ahead of this month's election.
The sell-off comes after a strong rally for U.S. stocks in January. The Dow gained 5.9% last month, making it the best January
performance since 1994. Given the recent strength, many analysts had suggested that stocks were due for a pullback.
"Last week is a tough act to follow," said Art Hogan, a managing director at Lazard Capital Markets.
Hogan said stocks could struggle for direction this week as corporate earnings season winds down and the flow of economic
data is relatively light. But stocks could find some support as investors who missed out on the recent rally look for opportunities
to get back in, he added.
"I don't think this is the beginning of a reversal of fortune," said Hogan.
Meanwhile, investors found little solace in economic data and corporate results released Monday.
The Census Bureau said new orders for manufactured goods rose 1.8% in December, which was weaker than expected.
Economists had forecast a 2.4% increase in orders, according to estimates from Briefing.com.
Shares of Standard & Poor's owner McGraw-Hill ( MHP, Fortune 500) plunged after the company said the U.S. Department of
Justice would be suing it over favorable ratings tied to mortgage-related securities before the 2008 financial crisis. S&P rival
Moody's ( MCO) fell sharply as well.
Royal Caribbean Cruises (
RCL) reported a fourth-quarter loss, but said it expects demand to improve this year in North

6WRFNVVOLSRQQHZ(XURSHIHDUV)HE
America, while Europe will remain weak. Gannett ( GCI, Fortune 500) shares fell nearly 7% after the media company said
earnings excluding restructuring costs rose in the fourth quarter.
Yum! Brands ( YUM, Fortune 500) will report after the close. Disney (
results on Tuesday.
DIS, Fortune 500) and BP (
BP) will release quarterly
Shares of Dell ( DELL, Fortune 500) were down 2.6% despite more reports that the company could go private early this week.
Microsoft ( MSFT, Fortune 500) is reportedly poised to assist in financing the deal.
Facebook ( FB) shares fell more than 5%, as the social networking site marked the ninth anniversary since its inception. The
company reported strong earnings and sales increases last week but investors were still disappointed by a slowdown in mobile
advertising growth.
Herbalife ( HLF)shares rose despite a report in the New York Post said the company is being investigated by the Federal
Trade Commission. In a statement, Herbalife said it was unaware of any investigation and disputed the newspaper's claims.
BlackBerry, formerly Research In Motion, began trading under a new ticker symbol, BBRY. Shares surged more than 15% after
analysts at Bernstein upgraded the stock.
Fear & Greed Index still showing Extreme Greed
Asian markets ended mixed. The Shanghai Composite added 0.4% and Japan's Nikkei advanced 0.6%, while the Hang Seng
declined 0.2%.
Oil prices sank 1.6%, while gold prices edged higher. The yield on the 10-year U.S. Treasury note was unchanged at 2%. The U.S.
dollar gained versus the euro, but lost value against the British pound and Japanese yen.
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Business Markets
Sensex declines 91 points

PTI
The BSE benchmark Sensex on Tuesday closed 91 points lower on profit-booking mainly in consumer durables and
FMCG stocks such as ITC amid a weak Asian trend.
The Sensex declined by 91.37 points, or 0.46 per cent, to 19,659.82. The index had gained 254 points in last three
sessions.
The index-linked ITC fell 1.58 per cent to Rs 302.05 on profit-booking after gaining 7.3 per cent in January.
The broad-based National Stock Exchange index Nifty lost 30.35 points, or 0.51 per cent, to 5,956.90.
Brokers said market remained under pressure as foreign investors refrained from enlarging their positions amid a
weak Asian trend amid renewed concern about Europes debt crisis.
They said selling was more confined to recent gainers led by consumer durables, FMCG, power and metal sectors.
A weak quarter earnings by UCO bank also influenced the market sentiment to some extent, they added.
ICICI Bank tumbled 1.23 per cent to Rs 1,167.50, its third straight day of losses after reporting its quarter earnings.
Tata Motors reduced its recent gains by losing 1.54 per cent to Rs 287.05 and BHEL, the biggest power-equipment
maker, dropped 3.19 per cent to Rs 212.20. UCO Bank stocks fell by 5.11 per cent to Rs 67.80 on dip in earnings.
The two most heavy on the benchmark with their nearly 16 per cent weightage Reliance Industries and Infosys
declined by 1.13 per cent to Rs 876.35 and by 0.16 per cent to Rs 2,758.05, respectively.
In 30-BSE index components, 19 stocks declined while 11 closed with gains. Barring healthcare, all sectoral indices
were lower on all-round selling.
trade
Printable v ersion | Feb 6, 2 01 3 7 :3 5:4 1 AM | http://www.thehindu.com /business/m arkets/sensex-declines-91 -points/article4 3 82 2 9 5.ece
The Hindu
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Stocks drift lower

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NEW YORK (CNNMoney)
U.S. stocks finished in the red Thursday as investors took a step back and digested mixed economic news and a slew of earnings
reports.
The Dow Jones industrial average dropped 42 points, or 0.3%. The S&P 500 slipped 0.2% and the Nasdaq fell 0.1%. The major
indexes were even lower earlier in the day.
Stocks have stalled this week after a strong start to the year. The Dow and S&P 500 are both up about 6% in 2013, and near their
all-time highs. The Nasdaq has gained almost 5% so far this year.
"The market has pretty much gone in one direction since the beginning of the year so perhaps this is just a natural pause," said
Kim Forrest, senior equity analyst at Fort Pitt Capital. "It's possible that investors are taking a break."
On the economic front Thursday, weekly initial jobless claims came in at 366,000, down 5,000 from the previous week but above
forecasts.
Meanwhile, the nation's business productivity dropped 2% in 2012's fourth quarter, according to the Bureau of Labor Statistics,
which was more than economists were expecting.
Related: After binge, investors turn less bullish
In corporate news, Akamai Technologies ( AKAM), which provides Internet content delivery, delivered weak fourth-quarter
results and a disappointing revenue forecast. The lackluster news sent the company's stock plunging 15%, making it the biggest
loser in the S&P 500 and Nasdaq-100.
News Corp (
year.
NWSA, Fortune 500) was also a big laggard after the media giant issued a downbeat earnings forecast for the
And Green Mountain Coffee Roasters (

Sprint Nextel (
expectations.
Shares of Sony (
GMCR)shares tumbled on the company's weak outlook for sales growth.
S, Fortune 500) shares faltered after the cell phone carrier reported a fourth-quarter loss in line with
SNE) dropped after the electronics manufacturer reported a surprising third-quarter loss.

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Alcatel Lucent ( ALU) posted another quarterly loss, sending shares lower. The communications equipment maker also said its
CEO would be stepping down.
On the positive side, JPMorgan Chase upgraded shares of Devry (
earnings and revenue. The sock jumped more than 16%.
DV) after the company reported better-than-expected
Retailers were also big movers as they reported sales figures for January.
Macy's ( M, Fortune 500) shares climbed after the retailer reported a better-than-expected 11.7% rise in same-store sales for
last month. Gap ( GPS, Fortune 500), Costco ( COST, Fortune 500), Target ( TGT, Fortune 500) and Limited Brands ( LTD,
Fortune 500) also posted January sales figures that topped forecasts.
Shares of Blackberry ( BBRY) gained ground after the smartphone maker said the Canadian launch of its new Z10 smartphone
was its best launch ever.
Apple ( AAPL, Fortune 500) shares were in the spotlight after activist investor David Einhorn publicly called for the
electronics maker to give some of its $137 billion cash hoard to back to shareholders in the form of preferred stock. Apple
responded Thursday afternoon, noting that the company's executives "have been in active discussions about returning
additional cash to shareholders," and are considering Einhorn's proposal. Shares of Apple finished up nearly 3%.
Related: Fear & Greed index headed closer to greed
Following the closing bell, shares of LinkedIn (

revenue estimates for the fourth quarter.
LNKD) spiked after the professional online network handily beat earnings and
European markets finished mixed after the European Central Bank and the Bank of England kept interest rates unchanged.
Britain's FTSE 100 and France's CAC 40 slipped more than 1%, while Germany's DAX edged up 0.1%. During a news conference,
ECB president Mario Draghi said the eurozone economy, which is set to contract for a second year running in 2013, could
gradually recover during the second half of the year. But he warned that the risks to the outlook were still tilted to the downside.
The dollar was up sharply against the euro, but lower versus the British pound and the Japanese yen.
Asian markets ended in the red. The Shanghai Composite dropped 0.7%, the Nikkei declined 0.9% and the Hang Seng lost 0.3%.
Oil and gold priced edged lower.
The price of the 10-year Treasury rose, pushing the yield down to 1.95% from 1.97% late Wednesday.
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Business Markets
Sensex falls 111 pts ignoring drop in inflation rates

PTI
Several share prices fall.
Shrugging off positive cues from easing inflation numbers, the BSE benchmark Sensex on Thursday, fell by 111 points,
snapping a two-day rally, hit by 2-4 per cent losses in RIL, Bharti Airtel, SBI, Maruti and Wipro shares.
After a better start at 19,639.83, the Sensex tumbled by 110.90 points to 19,497.18 as investors adopted a cautious
stance, wiping a major portion of the 147 point gained in the past two days.
The broad-based National Stock Exchange index Nifty lost 36 points, or 0.61 per cent to 5,896.95, after touching the
days high of 5,940.20.
Bharti Airtel slumped by 4 per cent after reports said it faces significant spectrum charge demand by DoT.
Wipro fell by 3.3 per cent on selling due to its exclusion from NSE Nifty index from April 1, while Maruti Suzuki lost
over 3 per cent on being dropped from MSCI India index from February 28.
State Bank of India shares also lost nearly 1.80 per cent after a lower-than-expected increase in net profit for the third
quarter ended December 31, 2012. Similarly, RIL and L&T lost over 2.6 per cent each.
Inflation drops
Declining for the fourth straight month, the Wholesale Price Index (WPI) inflation fell to a 3-year low of 6.62 per cent
in January, but the data failed to spur rate cut hopes.
After a disappointing IIP numbers but an easing inflation rate, investors are in a state of uncertainty regarding rate
cuts in near future, said Nidhi Sarswat, Senior Research Analyst, Bonanza Portfolio Ltd.
A slew of weak third quarter earnings from GVK Power and Tata Steel also dampened the market sentiment.
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Sector-wise the capital goods sector suffered the most by falling 2.27 per cent, followed by oil and gas index 1.59 per
cent, auto index 1.49 per cent and power index 1.25 per cent.
Keywords: BSE benchmark, Sensex, Bombay Stock Exchanges, Shares
Printable v ersion | Feb 1 5, 2 01 3 2 :56 :2 4 AM | http://www.thehindu.com /business/m arkets/sensex-falls-1 1 1 -pts-ignoring-drop-in-inflation-rates/article4 4 1 4 9 81 .ece
The Hindu
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Europe slowdown weighs on stocks

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NEW YORK (CNNMoney)
U.S. stocks barely budged Thursday, as gloomy news about Europe's economy dampened the impact of better-than-expected
jobless claims and two big M&A deals.
The Dow Jones industrial average slipped 0.1%, while the S&P 500 and Nasdaq added 0.1%. The negligible moves were enough
to nudge the S&P 500 up to a fresh five-year high.
On the positive side, the Labor Department reported that the number of Americans filing for first-time unemployment claims
fell by 27,000 to 341,000 in the latest week. Economists were expecting 365,000 claims.
Thursday also brought a slew of merger news.
Warren Buffett's Berkshire Hathaway ( BRKA, Fortune 500) and 3G Capital agreed to buy Heinz ( HNZ, Fortune 500) for
$28 billion. Shares of the ketchup-maker spiked 20%. Shares of fellow food company Campbell Soup ( CPB, Fortune 500) rose
1.4%.
US Airways ( LCC, Fortune 500) and American Airlines parent AMR ( AAMRQ, Fortune 500) officially announced an $11
billion deal to create the world's largest airline. Shares of US Airways fell 4.6%, while AMR jumped 63%.
Shares of Constellation Brands ( STZ) surged 37% after Anheuser-Busch InBev ( BUD) agreed to give up key assets in an
effort to address antitrust issues related to is proposed $20 billion takeover of Mexican brewer Grupo Modelo.
Related: M&A making a comeback
But investors were cautious after data showed the eurozone suffered its third consecutive quarter of declining growth at the
end of 2012. Performances in all four of the region's biggest economies -- Germany, France, Italy and Spain -- also deteriorated
compared with the third quarter of 2012.
Plus, after a strong start to the year, it's not unusual for stocks to take a breather. Even with the recent slips and slides, the Dow
is within 1.6% of its all-time high, hit in October 2007, and the S&P 500 is about 4% shy of its record high, also set in October
2007. And all three indexes are up between 5% and 7% for the year.
As long as economic news continues to point to modest growth, stocks should keep advancing and reach new highs as investors
continue to make their way back into the stock market, said Peter Cardillo, chief market economist at Rockwell Global Capital.

(XURSHVORZGRZQZHLJKVRQVWRFNV)HE
"There's a lot of money on the sidelines that is seeking a home," said Cardillo. "And the bottom line is that stocks prevail over
bonds in an environment where interest rates are so low."
Related: Stocks you love
In earnings news Thursday, General Motors ( GM, Fortune 500) released quarterly results that missed expectations, sending
shares lower. PepsiCo ( PEP, Fortune 500) shares gained after the beverage maker logged better-than-expected earnings.
Cisco ( CSCO, Fortune 500) shares declined 0.7% after Cisco CEO John Chambers took a cautious tone with his outlook as the
company reported earnings roughly in line with forecasts. Shares of Mondelez ( MDLZ) sank 4.3% after the food producer
logged earnings that missed expectations after the close on Wednesday.
About 65% of the companies in the S&P 500 that have reported fourth-quarter earnings have topped analysts' expectations,
according to S&P Capital IQ. But the bulk of companies that have issued guidance for the first quarter had a negative outlook.
Related: Fear & Greed Index in extreme greed
European markets finished lower, with Germany's DAX sliding more than 1%, after the weaker-than-expected GDP figures.
Asian markets ended higher. Hong Kong's Hang Seng added 0.9% as traders returned from an extended holiday.
The Nikkei added 0.5% despite data showing Japan's economy has contracted in each of the three most recent quarters. The
weak performance is likely to increase the clamor for more aggressive fiscal and monetary stimulus measures.
The Shanghai exchange was closed for the Lunar New Year holiday.
The dollar rose against the euro and the British pound, but slipped versus the Japanese yen.
Oil prices edged higher, while gold prices fell.
The price on the 10-year Treasury rose slightly, and the yield held steady around 2%.
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Business Markets

PTI
The BSE benchmark Sensex on Friday closed 29 points down on selling by funds mainly in oil & gas and IT sector
stocks amid dismal earnings by some bluechip companies.
Falling for the second straight day, the index closed 29.03 points lower, or 0.15 per cent, to 19,468.15, led by Reliance
Industries, Infosys and Dr Reddy.
The index had lost 111 points in the previous session.
Similarly, the wide-based National Stock Exchange index Nifty fell by 9.55 points, or 0.16 per cent, to 5,887.40.
Brokers said the Sensex limping down and hovered around years lowest levels as funds booked profits on steady
inflow of dismal quarter earnings by leading companies.
They said a weak Asian trend and lower opening in Europe also dampened the sentiments here.
Dr Reddy Lab, DLF Ltd and Bajaj Auto declined after they posted third-quarter earnings below market expectations.
Dr Reddy lost 3.55 per cent to Rs 1,811.50, DLF by 2.03 per cent to Rs 248.80, Maruti Suzuki by 0.81 per cent to Rs
1,472.75 and Bajaj Auto by 1.41 per cent to Rs 1,974.
The two most heavy on the benchmark with their 16 per cent weightage Reliance Industries and Infosys dropped by
1.20 per cent to Rs 844.85 and by 0.99 per cent to Rs 2,785.20.
Sentiment also dampened ever since the Central Statistics Office reduced the economic growth outlook to lowest in a
decade at 5 per cent from and reports of fall in industrial production in December, they added.
The oil and gas sector index fell the most by 0.83 per cent to 8,928.35 followed by IT index by 0.58 per cent to
6,477.68. Healthcare index lost 0.30 per cent to 7,899.28 and Teck index by 0.27 per cent to 3,778.69.
Keywords: sensex, BSE
Printable v ersion | Feb 1 5, 2 01 3 6:2 6 :2 5 PM | http://www.thehindu.com /business/m arkets/sensex-declines-2 9 -points/article441 87 93 .ece
The Hindu

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Dow sinks 100 points on Fed minutes

NEW YORK (CNNMoney)
U.S. stocks ended lower Wednesday after Federal Reserve meeting minutes raised worries the central bank might scale back its
bond buying program.
The Dow Jones Industrial Average fell 108 points, or 0.8%. The S&P 500 fell 1.2% and the Nasdaq lost 1.5%.
Following its January meeting, the Fed's Open Market Committee said the central bank would continue buying bonds and keep
interest rates near zero until the job market improves "substantially." But the minutes from that meeting showed that some Fed
officials were in favor of slowing the purchases sooner.
According to the minutes, "a number" of committee members argued that an ongoing review of the controversial program
"might well lead the committee to taper or end its purchases before it judged that a substantial improvement in the outlook for
the labor market had occurred."
Steven Ricchiuto, chief economist at Mizuho Securities USA, wrote in a note to clients that the minutes illustrate the Fed's
"discomfort with being involved in non-conventional policy."
However, he added that the economy is probably not strong enough yet to justify the Fed ending its easing programs anytime
soon.
Investors were already primed to sell stocks after the major indexes closed Tuesday at new 5-year highs. Despite the
Wednesday's losses, stocks are still up between 5% and 6% so far this year.
"Investors are having a gut check, so to speak, as to whether these levels are justified," said Bruce McCain, chief investment
strategist at Key Private Bank.
The latest economic data have been positive, but not strong enough to live up to investors' high expectations, he added.
A report on the housing market came in mixed. The number of new homes breaking ground in January fell from the month
before, although the number of applications for new building permits rose.
The report came on the same day that homebuilder Toll Brothers (
analysts' expectations.
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Related: Bonds are riskier than stocks
A separate report on the Producer Price Index showed wholesale prices rose 0.2% in January, slightly less than economists had
expected.
In the commodities market, oil prices sank 2% on rumors that a large player was being forced to sell crude futures.
"There's a lot of chatter going around that a commodity hedge fund is in trouble and unwinding positions," said David Lutz, head
ETF trader at Stifel Nicolaus. But he discounted the rumors, saying that a 2% drop would not be enough to force a fund to
liquidate positions. "It's unlikely that someone was long and wrong," said Lutz.
Gold prices also declined, falling below $1,600 an ounce for the first time since August 2012.
Related: Fear & Greed Index still in 'extreme greed'
On the corporate front, Office Depot ( ODP, Fortune 500) announced that it would merge with OfficeMax ( OMX, Fortune
500) in a deal valued at $1.2 billion. Shares of OfficeMax fell 10%, while Office Depot's stock sank 20%. Both stocks surged
Tuesday on reports that a deal was imminent.
Mining firm BHP Billiton ( BBL) said lower commodity prices and a weaker U.S. dollar in the second half of 2012 more than
offset its stronger volumes. The company also announced that CEO Marius Kloppers will retire in May, and will be succeeded by
Andrew Mackenzie, who previously headed the company's division specializing in non-ferrous metals.
Rio Tinto ( RIO)shares fell, amid tensions surrounding its copper mine in Mongolia. The Mongolian government owns 34% of
the mine and is demanding a greater share of profit.
SodaStream (
hoped.
SODA) shares dropped after the company's revenue forecast was slightly more conservative than analysts' had
Tesla ( TSLA) reported a bigger-than-expected quarterly loss after the closing bell. Shares of the electric car maker fell in afterhours trading.
Controversial nutritional supplements company Herbalife ( HLF) also announced better-than-expected earnings and sales
figures Tuesday afternoon. But shares fell Wednesday after Herbalife executives did not entertain many questions on a
conference call with analysts. Herbalife has been in the spotlights since well-known hedge fund manager Bill Ackman accused
the company late last year of operating a pyramid scheme.
European markets ended mixed. London's FTSE ( UKX) edged higher, while the DAX ( DAX) in Germany and CAC ( CAC40)
in France fell. Asian markets ended higher. The Shanghai Composite advanced 0.6%, the Hang Seng added 0.7% and Japan's
Nikkei gained 0.8%.
Related: Check gas prices in your state
Gas prices rose for the 34th day in a row, fueling concerns about whether higher prices at the pump will take a bite out of
consumer spending in February. Nationwide, a gallon of unleaded gasoline averaged $3.766 Wednesday, according to AAA. Gas
prices have risen 34 cents, or 10%, since the beginning of February.
The price on the 10-year Treasury stayed steady with its yield at 2.03%.
The U.S. dollar fell against the euro but gained against the British pound and the Japanese yen.
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Business Markets
Sensex down 300 points at years lowest level on weak global cues
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The BSE benchmark Sensex that opened weak fell further to this years lowest level of 19,339, down over 300 points in
the pre-close trading on Thursday, amid renewed concerns that U.S. Federal Reserves policy-tightening moves will
reduce global liquidity.
Snapping a three-day gaining streak, the S&P BSE Sensex had declined by over 140 points in early trade, as funds and
retail investors booked profits amid a weak trend on other Asian bourses.
As the day progressed, the 30-share index lost over 300 points as 28 constituents, led by Tata Steel, ICICI Bank and
Hindalco recorded losses. It was last trading at 19,339.
Similarly, CNX Nifty was down nearly 90 points at 5,857.
Asian markets were trading with steep losses. Shanghai Composite tanked over 3 per cent, followed by Hang Seng
(1.75 pc), Nikkei (1.4 pc) and Strait Times (0.70 pc).
In Europe, indices in Gremany, France and the U.K. were down in 1.3-1.6 per cent range in afternoon trade.
Yesterday, reports said the minutes of the Federal Reserves January meeting revealed that many Fed officials are
worried about the costs and risks associated with the USD 85 billion-per-month asset-purchase program.
...the music is going to stop some day. It is not something that can continue for ever. This is not something, which is
going to be liked by the markets, a report by HDFC Securities said.
The Dow Jones closed 0.8 per cent down while losses at Nasdaq were sharper at 1.55 per cent on Wednesday.
Keywords: Sensex, BSE, NSE, stock market
Printable v ersion | Feb 2 2 , 2 01 3 3 :00:2 3 AM | http://www.thehindu.com /business/m arkets/sensex-down-3 00-points-at-y ears-lowest-lev el-on-weak-globalcues/article4 4 3 7 9 9 9 .ece
The Hindu
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Stocks post biggest 2-day drop of the year

%\&110RQH\6WDII#&110RQH\,QYHVW)HEUXDU\30(7
NEW YORK (CNNMoney)
U. S. stocks declined for a second straight day Thursday on news of ongoing weakness in Europe, some weak economic reports
and a warning of soft sales from Wal-Mart.
The Dow Jones industrial average declined 0.3%, while the S&P 500 dropped 0.6% and Nasdaq slid 1%.
Wednesday and Thursday's combined losses mark the biggest two-day drop in U.S. stocks this year, and all three indexes are on
track for their worst week of 2013. The S&P 500 is down 1.1%, and is headed for its first weekly loss of 2013, while the Dow is off
0.7% and the Nasdaq is down almost 2%.
Despite the recent losses, the major indexes are still up between 3% and 6% for the year.
Investors were disappointed Thursday after a survey of purchasing managers showed Europe's downturn worsened in
February. The index has been stuck below 50 for a year, indicating the services sector has been contracting. European markets
fell sharply following the data, with France's CAC 40 dropping more than 2%.
Economic news out of the United States was also downbeat. The Philadelphia branch of the Federal Reserve reported a surprise
decline in its monthly business outlook survey. The reading fell to -12.5 in January from -5.8 in December. Economists were
expecting the index to rise to 1.5.
The National Association of Realtors reported that existing home sales rose 0.4% in January. But the number of homes for sale
dropped to the lowest level in more than 13 years, according to the National Association of Realtors.
Initial jobless claims rose to 362,000 last week, coming in higher than economists were expecting.
The Consumer Price Index was unchanged month-over-month in January, and up 1.6% from a year ago. Core CPI, which strips
the price of food and energy, increased 0.3% month-over-month in January, and 1.9% from a year earlier.
On the corporate front, Wal-Mart ( WMT, Fortune 500) reported earnings that beat forecasts but said sales had softened
during the quarter. The retailer also hiked its annual dividend by 18%.
Related: Crunched consumers are cutting back
Tesla (
TSLA) shares sank 9% after the electric-car maker posted a wider-than-expected loss for the fourth quarter.

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Hewlett-Packard (
HPQ, Fortune 500) is reporting earnings after the closing bell.
Shares of Constellation Brands ( STZ) rose almost 3% after Anheuser-Busch InBev ( BUD)and Grupo Modelo SAB said they
are in talks with the Justice Department to try and resolve an antitrust lawsuit challenging their planned merger. Last week, AB
InBev agreed to sell Constellation its rights to distribute Modelo in the United States as well its brewery in Piedras Negras,
Mexico, in an effort to rescue the deal.
Apple ( AAPL, Fortune 500) shares fell 0.6% after Foxconn ( FXCNF) said it is slowing its hiring of workers at factories in
China. The Taiwanese company makes about 40% of the world's consumer electronics gadgets, including products and parts for
Apple, Intel ( INTC, Fortune 500)and Cisco ( CSCO, Fortune 500).
Fear & Greed Index still showing extreme greed
Asian markets ended weaker, also following the U.S. lead. The Shanghai Composite lost 3.0%, the Nikkei fell 1.4% and the Hang
Seng declined 1.7%.
The dollar rose against the euro but was weaker versus the pound and the Japanese yen.
Oil prices tumbled more than 2%, while gold gold prices edged up.
The price on the 10-year Treasury rose, pushing the yield down to 1.98% from 2.02% late Wednesday.
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Dow and S&P 500 post worst day of 2013

NEW YORK (CNNMoney)
The Dow and S&P 500 suffered their biggest one-day decline of the year Monday as U.S. stocks were whipsawed by concerns
about political instability in Italy.
After opening higher on a global updraft, the Dow Jones industrial average ended the day down 216 points, or 1.5%. The S&P
500 fell 1.8% and the Nasdaq lost 1.4%. It was the worst day since Nov. 7 for both the Dow and S&P 500, and comes after both
indexes logged their worst week of the year last week.
Wall Street's so-called fear gauge, the CBOE market volatility index, or VIX (
VIX), surged 32%.
It was difficult to pinpoint the catalyst for the late-day sell off, said Ryan Larson, a senior equity trader at RBC Global Asset
Management.
"Nothing specific, just herd mentality," he said. "People tend to not show their true hands until the final seconds of the trading
day."
Overall, traders said political uncertainty in Italy was the main trigger. But many added that stocks have been vulnerable to a
pullback after making a run at new all-time highs earlier this month.
"People may be using some of the overseas events as an excuse to realize that pullback," said Larson.
Initial results from Sunday's election showed the center-left party of Pier Luigi Bersani leading in both chambers of parliament.
But later projections indicated that former Prime Minister SIlvio Berlusconi and his anti-austerity allies were not far behind in
the Senate race, which is decided on a regional basis.
While the final outcome is still uncertain, investors are concerned that "gridlock" in the Italian Senate could undermine the
progress Italy has made in overhauling its troubled economy, said Dave Rovelli, managing director of U.S. equity trading at
brokerage Canaccord Adams.
"They're worried that if Berlusconi gets elected, there will be no one ruling the roost," said Rovelli. "The market is back to where
it was a year ago, we're focusing on Italian and Spanish bond yields."
Indeed, the last time the VIX saw such a dramatic spike was Nov. 9 2011, notes David Lutz, head ETF trader at Stifel Nicolaus.
After checking the headlines from that day, Lutz said Italy was the culprit behind that big surge in the VIX as well.

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Related: Markets reverse as Italy deadlock looms
European markets pared earlier gains. The DAX in Germany and France's CAC40 both rose, but the FTSE 100 in London lagged.
Moody's announced late Friday that it had lowered the United Kingdom's AAA credit rating, citing the country's rising debt
burden and tepid growth outlook. The British pound fell versus the dollar and the euro in trading Monday.
Related: Fear & Greed Index no longer in extreme greed
Meanwhile, investors remain sanguine about the latest budget impasse in Washington.
Chances are slim that Congress will avert the automatic spending cuts, known as sequestration, before they take effect this
Friday. It's more likely lawmakers will reach a deal to replace the cuts after they begin. But there's no telling when.
Investors are also bracing for Federal Reserve chairman Ben Bernanke's annual testimony on the U.S. economy to Congress this
Tuesday and Wednesday.
The worries about Italy also overshadowed reports that Prime Minister Shinzo Abe is poised to nominate an advocate of
aggressive monetary easing to head the Bank of Japan. The yen fell to its lowest point versus the dollar since May 2010, while
Japan's benchmark Nikkei index added 2.4%.
Chinese shares rose modestly after a report on Chinese manufacturing fell unexpectedly. The Hang Seng increased 0.2% and the
Shanghai Composite closed up 0.5%.
Related: Wall Street CEO pay: Who gets the most
In corporate news, shares of Barnes & Noble ( BKS, Fortune 500) shot higher after Chairman Leonard Riggio said he plans to
buy the company's retail operations, leaving the Nook electronic book segment a separate company. No price was disclosed in
his filing with the Securities and Exchange Commission.
Lowe's ( LOW, Fortune 500) reported lower sales and earnings, but both results were slightly better than forecasts and the
company announced a $5 billion share repurchase.
Results are due later in the week from companies including Home Depot (
Penney ( JCP, Fortune 500) and Groupo ( GRPN)n.
HD, Fortune 500), Macy's (
M, Fortune 500), J.C.
Shares of 3D systems ( DDD) fell after the maker of 3D printers reported quarterly results that were slightly better than
expected but missed revenue forecasts. A previously announced three-for-two stock split also went into effect Monday.
Shares of Chesapeake Energy (
Sinopec for $1 billion.
FarmVille maker Zynga (
CHK, Fortune 500) fell after the embattled natural gas producer sold some oil and gas assets to
ZNGA) shares surged on reports New Jersey will revise online gambling laws.
Oil and gold prices rose, while the U.S. dollar fell versus the euro.
The yield on the 10-year Treasury note edged up to 1.99%, from 1.97% previously.
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Business Markets
Sensex plunges 316 pts to 3-month low as rail budget fails to cheer market
PTI
The BSE benchmark Sensex today plummeted by 316.55 points to close at a three-month low of 19,015.14 as the
Railway budget dampened the market sentiment amid particularly weak global cues.
The Sensex, at one point of time, fell below the 19,000 level for the first time since November 29, as the Government
announced a hike in rail freights, particularly commodities, raising fears of a rise in inflation.
Similarly, the broad-based National Stock Exchange index Nifty dipped below the 5,800 level and closed 93.40 points
lower at 5,761.35 led by refinery, auto and capital goods.
The Union budget and monthly expiry in the derivatives segment on Thursday were other weakening factors, brokers
said.
Besides a weak Asian trend and lower opening in Europe on concern Italys elections may reignite Europes debt crisis,
further influenced the trading sentiment, they added.
The Railway Ministry today hiked the basic freight charges of grains, pulses and groundnut oil by nearly six per cent,
a move that will lead to increase in prices of food items.
Stocks of rail associated companies such as Kalindi Rail Nirman, Hind Rectifiers, Kernex Microsystem, Titagarh
Wagons and Taxmaco suffered the most by losing up to nearly 12 per cent.
Refinery stocks led by Reliance Industries, which mostly use rail transport to move their products was another weak
spot. Market heavy Reliance Industries dropped 3.51 per cent to Rs 823.95, as the oil and gas sector index plunged
3.07 per cent to 8,689.98.
Auto sector index was second worst performer by losing 2.76 per cent to 10,487.67 as Tata Motors, Maruti Suzuki and
Manindra and Mahindra dropped as freight hike might cut their revenues.
In 30-BSE index components, 25 stocks declined while five stocks such as Infosys, Bharti Airtel, Hindustan Unilever,
Tata Consultancy and NTPC bucked the trend by ending higher.
Keywords: Sensex, Railway budget, market sentiment, weak global cues, Nifty, National Stock Exchange index
Printable v ersion | Feb 2 6 , 2 01 3 8:50:4 4 PM | http://www.thehindu.com /business/m arkets/sensex-plunges-3 1 6 -pts-to-3 m onth-low-as-rail-budget-fails-to-cheerm arket/article4 4 554 7 3 .ece
The Hindu
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Business Markets

PTI
The BSE benchmark Sensex on Tuesday fell by 81.29 points to end at 19,564.92 on selling in consumer durables, realty
and banking shares as higher-than-expected IIP data combined with rising retail inflation tempered hopes of an
interest rate cut by RBI next week.
After a firm start at 19,697.84, the S&P BSE 30-share Sensex tumbled by 81.29 points, or 0.41 per cent to 19,564.92.
During trading, it had touched the days low of 19,505.75 on heavy selling in interestsensitive stocks. Yesterday, the
index had fallen by 37 points, snapping a fourday upmove.
In Sensex, 21 stocks fell led by HDFC Bank, ICICI Bank, HDFC, Bajaj Auto, L&T and Bhel. Infosys, Bharti Airtel and
Tata Power also reported losses.
On gainers side, ITC, RIL and Tata Motors ended higher.
Similarly, the National Stock Exchange index Nifty today dropped by 28.25 points, or 0.48 percent to end at 5,914.10.
It shuttled between 5,952 and 5,893.65 range intraday.
Sectorally, the consumer durable sector suffered the most by losing 1.99 per cent to 7,020.82, followed by power index
by 1.36 per cent to 1,775.84. Realty index lost 1.24 per cent to 2,075.76 and banking index 0.92 per cent to 13,816.85.
Earlier in the day, showing green shoots of recovery, industrial production inched up 2.4 per cent in January mainly
on account of good show by manufacturing and power sectors.
However, retail inflation moved up for the fifth consecutive month to 10.91 per cent in February remaining in the
doubledigit terrain for third month in a row on account of higher prices of vegetables, edible oil, cereals and
proteinbased items.
Keywords: Sensex, BSE, closing trade
Printable v ersion | Mar 1 3 , 2 01 3 8:50:09 PM | http://www.thehindu.com /business/m arkets/sensex-down-81 -points/article4 5009 4 1 .ece
The Hindu
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Business Markets
Sensex down for third day; falls 202 points

PTI
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The BSE benchmark Sensex on Wednesday fell for the third straight day by losing 202 points to end at one-week low
of 19,362.55 on sustained profit selling as foreign brokerages including Morgan Stanley cut Indias FY14 GDP
forecast, amid a weakening global trend.
After losing 118 points in the last two sessions, the Sensex dropped further by 202.37 points, or 1.03 per cent to
19,362.55 led by banking and financial stocks. This is the lowest since Sensexs closing of 19,252.61 on March 6.
Market participants were cautious ahead of WPI data release tomorrow, traders said. In 30-share Sensex, 22 stocks
declined and six gained, while Sterlite Industries and Tata Power closed unchanged.
Sectorally, the banking index suffered the most by losing 2.18 per cent to 13,515.54 as stocks of HDFC Bank, ICICI
Bank, SBI and HDFC fell as interest rate hopes faded further.
Among other interest-sensitive sectors, the consumer durable index was second worst performer as it dropped 1.57
per cent to 6,910.59 and auto index fell by 1.53 per cent to 10,669.43.
Hopes of a rate cut by RBI on March 19 were also dimmed after better-than-expected IIP data and rising retail
inflation were released yesterday.
The broad-based National Stock Exchange index Nifty fell by 62.90 points, or 1.06 per cent to end at 5,851.20.
Tomorrow inflation numbers are to be announced and market volatility is likely to continue. Global factors will have
near term impact too on the indices, said Nidhi Sarswat, Senior Research Analyst, Bonanza Portfolio Ltd.
Earlier today, Morgan Stanley lowered Indias GDP growth forecast for 2013-14 to 6 per cent, from 6.2 per cent
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estimated earlier, citing challenging domestic and external environment and lower-than-expected expansion logged in
the last quarter. Reports said HSBC has also cut its forecast.
Brokers said a weak trend in the Asian region and lower opening in Europe before the announcement of Eurozone
area producton further influenced the sentiment.
Keywords: BSE, NSE, Sensex, Nifty
Printable v ersion | Mar 1 3 , 2 01 3 8:4 9 :1 7 PM | http://www.thehindu.com /business/m arkets/sensex-down-for-third-day -falls-2 02 -points/article4 504 7 2 3 .ece
The Hindu
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Dow snaps 10-day streak of gains

%\%HQ5RRQH\#&110RQH\,QYHVW0DUFK30(7
NEW YORK (CNNMoney)
After rising for the past 10 trading days, the Dow ended modestly lower Friday following a surprise drop in a measure of
consumer confidence.
The Dow Jones industrial average fell 0.2%, ending the longest winning streak since 1996. The S&P 500 fell 0.2% after coming
within two points of its October 2007 record high on Thursday. The Nasdaq lost 0.3%.
All three indexes ended higher for the week, and are up between 7% and 11% for the year.
The last time the Dow had such a string of gains, then Federal Reserve chairman Alan Greenspan warned that investors were
experiencing "irrational exuberance."
"The optimism we've seen for stocks suggests that expectations are very high," said Bruce McCain, chief investment strategist
at Key Private Bank. "And reality often doesn't live up to that level of perfection."
Still, he said a correction in stock prices would be healthy, creating opportunities for new investors to push the market higher in
the second half of the year.
Stocks have been supported by better-than-expected economic data and signs the Federal Reserve will keep its stimulus
policies in place. But there are concerns that growth in emerging markets, such as China, is beginning to "roll over," said McCain.
Related: Greenspan says stocks are undervalued
Meanwhile, data released Friday painted a mixed picture for the U.S. economy.
The Thomson Reuters/University of Michigan index of consumer sentiment for March unexpectedly fell, raising worries about
the impact of higher income tax rates on household spending.
The index was at its lowest level in 15 months, driven by a "combination of the payroll tax hike and rising gasoline prices," said
Amna Asaf, an economist at Capital Economics in Toronto.
Earlier in the day, the U.S. Bureau of Labor Statistics said the consumer price index rose 0.7% last month, driven mainly by a
spike in energy prices. CPI was expected to have risen 0.5%, according to a Briefing.com consensus. But the annual inflation rate
is still just 2%, within the range that the Federal Reserve finds to be comfortable.

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Separately, industrial production rose more than expected in February, after being flat in the prior month, according to the Fed.
Bank stocks were in focus after the Federal Reserve on Thursday approved the capital plans submitted by 16 of the 18 banks it
subjected to stress tests.
Bank of America ( BAC, Fortune 500) shares rose after it announced plans to repurchase $10.5 billion of common stock and
preferred shares. Wells Fargo ( WFC, Fortune 500) said it would increase its quarterly dividend payment to 30 cents per share,
starting in the second quarter.
J.P. Morgan Chase ( JPM, Fortune 500) and Goldman Sachs ( GS, Fortune 500) both dipped after the Fed approved their
capital plans, but with conditions attached. Shares BB&T Corp ( BBT, Fortune 500), one of only two banks to have its capital
plans rejected, also fell.
Separately, the Senate issued a scathing report late Thursday, accusing JPMorgan of intentionally misleading investors about
the so-called London Whale trades, which ultimately led to losses of $6 billion for the bank. Former chief investment officer Ina
Drew and other executives testified before a Senate panel Friday.
Related: Former London Whale Boss: I was misled
Shares of Carnival Cruise Lines ( CCL) fell after another of its ships experienced technical difficulties, the latest in a growing
list of woes for the company. Carnival also reported earnings that widely missed estimates, and issued a weak outlook.
The Securities and Exchange Commission said two units of the hedge fund SAC Capital agreed to pay a record $619 million in
fines to settle insider trading charges.
Friday was the last day to close out certain options, known as "quadruple witching," which is when four types of contracts expire
-- those tied to market index futures, market index options, stock options and stock futures.
Related: Fear & Greed Index reaches extreme greed
European markets ended lower. European Union officials agreed Friday to give Portugal more time to meet targets for reducing
its debt.
Asian markets ended mixed. Japan's Nikkei extended recent gains after parliament confirmed the appointment of Haruhiko
Kuroda as Bank of Japan governor, raising expectations of swift monetary easing. Hong Kong's Hang Seng fell on lingering
concerns about local measures to curb runaway real estate prices.
Oil and gold prices both edged higher as the U.S. dollar weakened. The yield on the 10-year U.S. Treasury note dipped to 2%.
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Business Markets
Sensex down 183 points on weak Asian cues

PTI
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$3
The BSE Sensex on Monday fell by over 183 points in early trade, extending losses for the second straight session, due
to sustained selling by funds amid a weak trend on other Asian bourses.
The 30-share benchmark index, which had lost 142.88 points on Friday, lost 183.14 points, or 0.94 per cent, to
19,244.42 in the early trade.
Similarly, the wide-based the National Stock Exchange Nifty declined by 58.25 points, or 0.99 per cent, to 5,814.35.
All the sectoral indices, led by metals, realty and bank, were trading in the negative zone, with losses of up to 2.07 per
cent.
Brokers said continued selling by funds largely in line with a weak trend in Asian bourses as eurozone fears returned
on news that Cyprus was planning to tax bank depositors as part of a controversial bailout, influenced the trading
sentiment here.
In the Asian region, Hong Kongs Hang Seng index was down by 2.04 per cent and Japans Nikkei index shed 2.15 per
cent in the morning trade. The US Dow Jones Industrial Average ended 0.17 per cent lower in Fridays trade.
Keywords: BSE, NSE, Sensex, Nifty, Asian bourses
Printable v ersion | Mar 1 8, 2 01 3 5:02 :1 3 PM | http://www.thehindu.com /business/m arkets/sensex-down-1 83 -points-on-weak-asian-cues/article4 52 1 3 3 0.ece
The Hindu
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Stocks slide as Cyprus revives bad euro memories

%\%HQ5RRQH\#&110RQH\,QYHVW0DUFK30(7
NEW YORK (CNNMoney)
U.S. stocks tumbled Monday as a controversial bailout and bank tax in Cyprus reminded investors that Europe's debt problems
are far from over.
The Dow Jones industrial average fell 0.4%, while the S&P 500 lost 0.5% and the Nasdaq declined 0.3%.
Investors were concerned by news that euro area officials would tax bank deposits in Cyprus as part of a 10 billion bailout the
nation's over-leveraged banking sector. The news sent Asian stocks into a tailspin and weighed on European markets earlier
Monday.
Bill Stone, chief market strategist at PNC wealth management, said investors may once again worry about the links between
banks and the most troubled, heavily indebted countries that are part of the eurozone. But he added that the situation in Cyprus
is fluid and the island nation of about 800,000 people is not likely to cause a shift in Europe's economic outlook.
The reaction was more muted in the United States, where a small pullback in stocks shouldn't be a big surprise given that the
Dow and S&P 500 are near record highs. After rising for 10 trading days in a row, U.S. stocks edged lower Friday, ending the
longest winning streak since 1996.
Under the provisional agreement with Cyprus, the European Union has required a one-time tax of 6.75% on bank deposits of less
than 100,000, and 9.9% for those over that amount.
Vote for your favorite stock in March Stock Mania
Cypriots rushed to ATMs as the country tried to win parliamentary support. While eurozone leaders stressed that Cyprus is a
unique case, investors worry that depositors in other financially weak European nations might face similar bailout provisions in
the future.
"The real problem with the Cypriot bank tax proposal is that it breaks an implicit covenant that depositors will not be subject to
losses from bank failure," said Guy LeBas, chief fixed income strategist at Janney Capital Markets.
Given the Cypriot economy's size (less than 0.5% of overall output in the eurozone) and the amount of money involved, it's
unlikely financial contagion will spread to other euro area nations according to analysts at Barclays Capital.
"We consider the likelihood of a bank run in other periphery countries to be limited, including in Greece," the analysts wrote in a

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report.
Related: Cyprus just a 'hiccup' for stock rally
Meanwhile, the decision to tax bank deposits may hit Russia particularly hard since half of all the bank deposits in Cyprus are
believed to be held by Russians. According to Moody's, Russian corporate deposits are worth about $19 billion and any default
could affect the servicing of bank debt in Russia.
The euro plunged 1% versus the U.S. dollar to $1.29. Gold prices jumped $12 to 1,604.60 an ounce. Oil prices edged higher. The
yield on the 10-year Treasury note fell to 1.96% from 2% late Friday.
Wall Street's so-called fear gauge, the CBOE market volatility index, or VIX ( VWA) rose nearly 20%. It remains at historically
low levels though. And CNNMoney's own Fear & Greed Index is still in Greed mode.
European bank stocks were under pressure. National Bank of Greece ( NBG), Banco Santander ( SAN) and Barclays ( BCS)
all fell. In the U.S., shares of Wells Fargo ( WFC, Fortune 500), Citigroup ( C, Fortune 500) and JPMorgan Chase ( JPM,
Fortune 500) also were lower.
Related: Fear & Greed Index backs away from extreme greed
JC Penney ( JCP, Fortune 500)shares rallied after analysts at ISI Group suggested the troubled retailer could raise $10.8
billion by leasing space in 300 of its stores as part of a real estate investment trust.
Shares of Carnival Corp. ( CCL) slid 3%, after the cruise line issued a weak sales forecast for the year on Friday. The company
has had a string of mechanical issues over the last several weeks.
Constellation Brands ( STZ) shares rallied after the Justice Department agreed late last week to give Anheuser-Busch InBev
( BUD) and Modelo Group more time to negotiate the terms of their merger.
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Business Markets
Sensex tumbles 285 points after DMK withdraws support to UPA
PTI
The BSE benchmark Sensex on Tuesday plummeted 285 points to close at a two-week low level of 19,008 after
the governments key ally DMK withdrew support amid a weak global trend, even as the RBI cut repo rate.
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After a higher start at 19,378.61, the Sensex dropped below 19,000 level before ending 285.10 points lower at
19,008.10, a level last seen on March 5.
The NSE index Nifty shuttled between 5,863.60 and 5,724.30 before ending lower by 89.30 points to 5,745.95.
Market sentiment battered after a major constituent of the ruling UPA government DMK withdrew its support over
the issue of alleged human rights violations of Tamils in Sri Lanka. However, the Congress- led government said there
was no threat to its stability.
Traders said the market received jolt after the RBI cut key interest rate by 0.25 per cent but indicated that there is
limited room for further monetary easing.
The RBI has acted according to the expectation of the market. But still we saw Rupee and Sensex turning around on
the back of hawkish comments made by the RBI, said Abhishek Goenka, Founder & CEO, India Forex Advisors.
The DMK pulling out the support from government spoiled the much created mood on rate cut expectation, he added.
A weak trend in the Asian region and lower opening in Europe before Cypriot lawmakers meet to discuss a bankdeposit levy, also shadowed the region stock markets, traders said.
Financial and interest sensitive stocks were major losers and pulled down the benchmark to suffer its biggest single
day loss in last three weeks.
The stock of Bharti Airtel plunged 4.74 per cent to Rs 293.40 after a Delhi court summoned its Chairman Sunil Bharti
Mittal in additional spectrum allocation case.
The banking index fell 1.97 per cent to 13,209.63.
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In 30-BSE index components, 24 stocks declined led by BHEL, Reliance Industries, Infosys, Jindal Steel, ONGC,
Larsen and Toubro, Mahindra and Mahindra and Hindustan Unilever.
All sectoral indices were down led by realty and capital goods by losing up to 3.63 per cent.
trade, DMK pull-out, RBI, RBI rate-cut
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Business Markets
Sensex falls over 91 points to 4-month low

PTI
%URNHUVVDLGWUDGLQJVHQWLPHQWWXUQHGEHDULVKHYHUVLQFH'0.ZLWKGUHZLWVVXSSRUWWRWKHUXOLQJ83$JRYHUQPHQW
7KH+LQGX
In a roller-coaster ride, the Bombay Stock Exchange benchmark index, Sensex, surrendered a nearly 200-point gain
to end over 91 points down on emergence of fag-end selling triggered by weak European markets.
The 30-share index resumed better on firm Asian trends, and hit an intra-day high of 19082.29.
However, the pull-back proved to be short-lived as weak European markets pushed the Sensex down by 91.32 points to
end at 18792.87. The National Stock Exchange index, Nifty, lost 35.65 points to end at 5658.75.
Rupee up
The rupee appreciated by eight paise, its biggest gain in nearly a week, to close at 54.28 against the dollar on
continued dollar selling by exporters and mild capital inflows.
At the interbank foreign exchange market, the rupee resumed higher at 54.30 a dollar from the previous close of
54.36.
The rupee then moved in a narrow range of 54.19 and 54.33, and finally concluded at 54.28. PTI
Keywords: sensex, BSE, DMK issue, CBI raid
Printable v ersion | Mar 2 2 , 2 01 3 5:4 5:2 7 AM | http://www.thehindu.com /business/m arkets/sensex-falls-ov er-91 -points-to-4 m onth-low/article4 53 3 9 82 .ece
The Hindu
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Technology stocks drag markets lower

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NEW YORK (CNNMoney)
U.S. stocks fell Thursday, with technology stocks weighing on the broader market following lackluster earnings from Oracle.
The Dow Jones industrial average slipped 0.6%, with Cisco ( CSCO, Fortune 500), Hewlett-Packard ( HPQ, Fortune 500)
and IBM ( IBM, Fortune 500) among the biggest laggards. The S&P 500 declined 0.8%, while the tech-heavy Nasdaq fell 1%.
Oracle ( ORCL, Fortune 500) was the biggest drag on both the S&P 500 and Nasdaq 100. Shares of the software giant tumbled
nearly 10% after its third-quarter sales fell short of forecasts.
Investors are using high-profile earnings disappointments like Oracle's as an "excuse" to step back following a significant
advance in stocks, said Michael Sheldon, chief market strategist at RDM Financial Group.
The Dow and S&P have gained 10% since November, when stocks first began their big advance. During the past couple of weeks,
the blue chip index has soared to record highs, while the S&P has remained less than 1% below its all-time high.
Given that the market has climbed so high so quickly, Sheldon said it would be "no surprise" to see a pullback of 3% to 5%. But he
suspects that will be short-lived, as investors use the retreat to add to their stock positions.
Related: 5 reasons the bull market has room to run
The uncertainty in Cyprus has also been giving investors reason to take a breather.
While Cyprus hasn't spurred a huge sell-off in financial markets, Sheldon said investors still want to see that all the major
players in Europe can work together to resolve the country's debt burden.
Early Thursday, the European Central Bank told the troubled nation it had until Monday to sort itself out or face the
consequences of a potential financial collapse and/or exit from the euro.
"If this drags out and causes more infighting among countries in Europe, that could lead to further instability in a part of the
world that badly needs continued coordination," said Sheldon.
Related: Google vs. Apple. Which is your favorite?
Meanwhile, investors mulled several reports on the health of the U.S. economy.

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Jobless claims totaled 336,000 last week, according to the U.S. Department of Labor. That's up 2,000 from the prior week, but
less than the 345,000 forecast by Briefing.com consensus.
The National Association of Realtors said existing home sales in February edged up 0.8% to an annual rate of 4.98 million, a 3year high but slightly lower than expectations.
The Philly Fed's index rose to 2 in March from -12.5 the prior month. Readings lower than zero signal contraction in the area
covering eastern Pennsylvania, southern New Jersey and Delaware. Economists were expecting a reading of -3 for March.
Just days after recalling see-through yoga pants, lululemon athletica ( LULU) reported earnings and sales that squeaked past
estimates and said it was working closely with manufacturers to resolve the yoga pant issue. The company also said its current
quarter and full-year earnings would come in below analysts' forecasts.
KB Home ( KBH) shares edged higher after the homebuilder reported that sales surged 59% in the first quarter, as more
homes were delivered and prices increased.
Shares of Scholastic ( SCHL) sank after the the children's book publisher lowered its forecast for the year a second time as
sales of the Hunger Games books remained below last year's levels.
Related: Fear & Greed Index edges into extreme greed
European markets ended sharply lower, while Asian markets ended mixed. The Shanghai Composite added 0.3% and the Nikkei
increased 1.3%, while the Hang Seng declined 0.1%.
A report on Chinese manufacturing showed activity expanded at a faster clip than expected by many economists, which may
quell worries about the country's economy slowing down.
The dollar rose against the euro, but fell versus the British pound and the Japanese yen.
Oil prices edged lower, and gold prices gained.
The price on the 10-year Treasury rose, pushing the yield down to 1.92% from 1.94% late Wednesday.
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Wall St. Cheat Sheet
New York Financial

Press
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Business Markets

PTI
The BSE benchmark Sensex on Monday closed 54 points down at a four-month low of 18,681 points as investors
booked profit mainly in capital goods, auto and metal stocks ahead of monthly expiry of derivatives contract.
Erasing initial gains, the 30-stock index fell for the seventh straight session by losing 54.18 points, or 0.29 per cent to
18,681.42, its lowest level since November 26, 2012.
The gauge rose to 18,950.22 at the outset. In the last six sessions, the Sensex had lost over 835 points.
NSE index
Similarly, the National Stock Exchange index lost 17.50 points, or 0.31 per cent, to 5,633.85, after touching the days
high of 5,718.40.
Brokers said the market remained in bear grip ever since the DMK withdrew support to the UPA government and the
Reserve Bank of India indicated no room for more interest rate cut last week.
They said investors were reducing their holdings in brief trading sessions this week, before the end of the monthly
expiry in derivatives segment on Thursday.
The market will remain closed on Wednesday for Holi Festival and Friday for Good Friday.
Selling pressure was strong enough to reduce the impact of a firming global trend as an overnight rescue deal between
Cyprus and Euroarea finance ministers lowered the nations risk of default.
In 30-BSE index components, 20 stocks declined led by Larsen and Toubro, State Bank of India, ICICI Bank, Hero
MotoCorp, Infosys, Reliance Industries, Bharti Airtel, GAIL India and Cipla. The stocks of Sun Pharma remained
unchanged at Rs. 820.30 in limited deals.
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However, a gain in HDFC Ltd., HDFC Bank, Hindustan Unilver, NTPC, ONGC and Coal India saved the market from
any major fall.
The capital goods sector suffered the most by losing 1.44 per cent to 8,992 followed by auto sector index by 0.78 per
cent to 10,036.25. Metal index lost 0.71 per cent to 8,564.01 and banking index by 0.66 per cent to 12,781.91.
Keywords: sensex, BSE, Bombay Stock Exchange, Nifty, NSE, National Stock Exchange, closing trade, stock
broking, share trading
Printable v ersion | Mar 2 6 , 2 01 3 4 :52 :00 AM | http://www.thehindu.com /business/m arkets/sensex-down-by -54 -points/article4 54 7 1 04 .ece
The Hindu
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Stocks drop on renewed Europe worries

%\0DXUHHQ)DUUHOO#&110RQH\,QYHVW0DUFK30(7
Click chart for more market data.
NEW YORK (CNNMoney)
U.S. stocks closed lower Monday, as investors worried whether Cyprus could set a precedent for other debt strapped eurozone
nations.
The S&P 500, Dow Jones industrial average and Nasdaq ended down between 0.3% and 0.4%, clawing back from steeper losses.
Traders said volume was particularly light.
Cyprus struck a deal with European negotiators early Monday that will mean big losses for account holders with more than
100,000 at the two biggest banks -- the Bank of Cyprus and Popular Bank of Cyprus.
Investors had largely dismissed Cyprus' bailout as confined to the tiny island nation. But investors got spooked after the head of
the Eurogroup of eurozone finance ministers, Jeroen Dijsselbloem, told Reuters that what happened in Cyprus could be a model
for bailouts throughout the EU.
Dijsselbloem later issued a statement rebutting those comments, saying Cyprus was "a specific case with exceptional
challenges." He also noted that economic plans are "tailor made" for the country involved, and "no models or templates are
used."
Still, investors had trouble forgetting the idea that Cyprus could set a precedent once it was circulated.
Related: Tough times for Cyprus after EU bailout
Fitch Ratings said it was "alert to the precedent this may set for further forms of capital controls within the eurozone."
The Dow had hit a new intraday record high shortly after the open, and the S&P 500 nearly topped its all-time closing high
before Dijsselbloem's comments.
"Once you deal with the banking system in Cyprus, you need to address the rest of the periphery in Europe," said Paul Powers, a
managing director at Raymond James. "It reminds people how fragile the rest of the system can be."
Related: Try CNNMoney's new Portfolio tool
The dollar rose more than 1% against the euro, which was trading around $1.29.

European markets finished the day lower, after earlier rallying more than 1%, while Asian markets ended mixed. The iShares
MSCI Italy Capped Index Fund ( EWI) also dropped 4%.
European bank stocks also came under pressure with shares of Societe Generale ( SCGLF) falling nearly 7% and Deutsche Bank
( DB) shedding 5%. BBVA ( BBVA) and Banco Santander ( SAN) were also markedly lower.
Shares of major U.S. banks followed suit. Bank of America ( BAC, Fortune 500), Citigroup ( C, Fortune 500), Morgan Stanley
( MS, Fortune 500) and JPMorgan Chase ( JPM, Fortune 500) all dropped between 1% and 2%.
Related: Google narrowly defeats Exxon in March Stock Mania
Aside from Cyprus, Dell ( DELL, Fortune 500) shares jumped nearly 3%, after the PC maker said early Monday that it had
received two competing bids to founder Michael Dell's buyout offer. Both Carl Icahn's Icahn Enterprises ( IEP, Fortune 500),
and Blackstone Grou ( BX)p submitted separate buyout offers, which Dell said may turn out to be superior.
Tesla's ( TSLA) stock surged in late trading, after CEO Elon Musk tweeted that a "really exciting @TeslaMotors
announcement" would be "coming on Thursday."
Shares of Apollo Group ( APOL) rallied 7%, after the education company reported earnings that blew past estimates, even as
enrollment at University of Phoenix declined nearly 16%.
BlackBerry ( BBRY) continued to come under pressure, after its new Z10 phone received a lukewarm reception by U.S.
consumers. Goldman Sachs also downgraded the smartphone maker to neutral, calling the U.S. launch "disappointing."
Shares of Dollar General (
DG, Fortune 500) rose after the retailer's profit topped expectations.
Best Buy ( BBY, Fortune 500) stock rose after the retailer's founder, who recently dropped a plan to take the company private,
announced that he would return to become chairman emeritus.
Shares of Facebook ( FB) dropped more than 2% after the SEC approved Nasdaq's plan to pay $62 million to trading firms that
incurred losses on the day of Facebook's IPO.
Related: CNNMoney's Fear and Greed Index in Greed Territory
In the commodities market, oil prices rose nearly 1%, while gold prices edged slightly lower.
The U.S. dollar rose against the British pound but fell against the Japanese yen.
The yield on the 10-year Treasury note edged down to 1.92% from 1.95 in early trading Monday.
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6HQVH[GURSVSRLQWV7KH+LQGX
Business Markets

PTI
Ending a four-day upsurge, the BSE benchmark Sensex on Wednesday fell 239 points on profit-booking by funds in
heavy-weights led by auto and telecom sectors amid concern over lower fourth quarter earnings and a weak global
trend.
The Sensex dropped 239.31 points, or 1.26 per cent to 18,801.64. It had touched the days low of 18,721.72. The index
had gained 360 points in last four trading sessions.
Similarly, the broad-based National Stock Exchange index Nifty plunged 75.20 points, or 1.31 per cent, to 5,672.90,
after falling to 5,650.10.
Brokers said the market has been lacking any positive trigger while reports of lower quarterly earnings by companies
in the fourth quarter sparked capital outflow.
The countrys private sector output for the month of March witnessed the slowest rate of expansion in 17 months
owing to a significant decline in new business orders, said an HSBC survey.
The sentiment further dampened on weak trend in Asia and lower opening in Europe as investors await reports on US
employment and services industries, traders added.
Automakers lead falls on concern over slowing vehicle sales and the sector index dropped 2.23 per cent to 9,729.57 led
by stocks of Tata Motors, Bajaj Auto and Maruti Suzuki.
Bharti Airtel, the biggest mobile-phone services provider fell by 3.95 per cent to Rs 280.65 and Tata Telecom by 1.46
per cent to Rs 8.76 amid fears telecom companies struggling to control costs prices.
In 30-BSE index components, 26 stocks declined while four ended with gains. The losers led by Reliance Industries,
Infosys, Larsen and Toubro, Coal India, Gail India, Hero MotoCorp, Hindalco, ICICI Bank and State Bank of India.
The realty sector index suffered the most by losing 2.68 per cent to 1,838.11 followed by capital goods by 2.29 per cent
to 9,127.89. Metal index fell by 2.08 per cent to 8,647.01 and oil and gas index by 1.82 per cent to 8,372.87.
Keywords: sensex, BSE
Printable v ersion | Apr 3 , 2 01 3 5:2 3 :57 PM | http://www.thehindu.com /business/m arkets/sensex-drops-2 3 9 -points/article4 57 697 7 .ece
The Hindu

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Stocks: Economic data disappoints

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NEW YORK (CNNMoney)
U.S. stocks lost ground Wednesday, following a weaker-than-forecast report about private sector job growth and sluggish
growth in the services sector.
The Dow Jones industrial average and S&P 500, which both finished at record highs a day earlier, slipped 0.6% and 0.9%,
respectively. The Nasdaq fell 1%.
All about jobs. Payroll processing firm ADP reported Wednesday that the U.S private sector added 158,000 jobs in March.
was weaker than expected and comes just days ahead of the government's closely watched monthly jobs report. On Friday,
Labor Department is slated to release the March jobs report ahead of the opening bell. Analysts expect the economy to hav
added 192,000 jobs last month, according to Briefing.com.
Meanwhile, the Institute for Supply Management's monthly report on growth in the service sector was also disappointing.
ISM Services index came in at 54.4 for March, marking the weakest pace of growth in seven months.
Related: Fear & Greed index nudging closer to extreme greed
What's moving. On the corporate front, shares of Zynga ( ZNGA) shot higher after the online gaming firm announced it w
soon launch its first real money games -- ZyngaPlusPoker and ZyngaPlusCasino -- in the U.K..
Monsanto ( MON, Fortune 500) shares rose after the company's profit and earnings topped expectations on strong sales
biotech seeds.
Shares of ConAgra ( CAG, Fortune 500) declined after the food producer said its quarterly profit tumbled 57% due to cost
associated with its acquisition of Ralcorp.
J.C. Penney's ( JCP, Fortune 500) shares edged lower. The company disclosed late Tuesday that it had slashed the pay of C
Ron Johnson and other executives as the retailer continues to struggle.
Tesla ( TSLA) shares dropped as investors were underwhelmed by the electric car maker's announcement of a new financi
option for buyers.

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European markets finished lower, while Asian markets ended mixed. The Shanghai Composite and the Hang Seng lost 0.1%
Meanwhile, the Nikkei added 3% as the Bank of Japan was expected to announce deflation fighting measures in its first me
under the leadership of Haruhiko Kuroda.
The dollar declined against the euro, the British pound and the Japanese yen.
Oil and gold prices dropped more than 1%.
The price on the 10-year Treasury yield rose, pushing the yield down to 1.82% from 1.86% late Tuesday.
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Business Markets
Sensex plunges 292 points to four-month low

PTI
The BSE benchmark Sensex on Thursday plummeted nearly 292 points to four-month low level of 18,509 points on
across-the-board selling led by stocks of realty, IT and consumer durable amid concerns over economic growth and
corporate earnings.
The Sensex dropped by 291.94 points, or 1.55 per cent, to close at 18,509.70, a level last seen on November 23 as
overseas funds remained net sellers. The index had lost 239 points in the previous session.
Similarly, the broad-based National Stock Exchange index Nifty plunged below 5,600 level by losing 98.15 points, or
1.73 per cent, to 5,574.75.
Brokers said the trading sentiment remained bearish as foreign investors turned net sellers on Indian bourses amid
concerns over weakening economic growth and corporate earnings may disappoint, amid fresh developments on the
political front.
Foreign institutional investors sold $ 5.5 million worth of shares on April 2, only the fourth day of net sales this year.
Investors feared the fourth quarter earning season beginning from next week might give a gloomy picture, brokers
added.
The current fall was led by stocks of realty, information technologies and consumer durable sectors. In 30-BSE index
components, 24 stocks closed with losses.
Major losers which dragged down the benchmark lower were Infosys, Reliance Industries, Tata Consultancy Services,
Jindal Steel, Sterlite Industries, SBI, ICICI Bank, ITC, Larsen and Toubro and Bharti Airtel.
The Auto sector declined after most companies reported this week a drop in March sales from a year earlier.
The realty sector index suffered the most by losing 3.39 per cent to 1,775.72 followed by IT index by 2.45 per cent to
6,743. Consumer durables lost 2.05 per cent to 6,993.88 and banking index by 1.89 per cent to 12,789.
Keywords: Sensex, Realty sector, IT index, Economic growth
Printable v ersion | Apr 5, 2 01 3 8:05:3 8 AM | http://www.thehindu.com /business/m arkets/sensex-plunges-2 92 -points-to-fourm onth-low/article4 5807 84 .ece
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S&P 500 has worst week of the year

NEW YORK (CNNMoney)
U.S. stocks slumped Friday after a sorely disappointing jobs report.

The Dow Jones industrial average lost more than 40 points, or 0.3%. The S&P 500 fell 0.4% and the Nasdaq dropped 0.7%. A
three indexes were twice as deep in the red earlier in the day.
With the day's move down, the S&P 500 and Nasdaq closed out their weakest week of the year. The S&P 500 dropped 1%, w
the Nasdaq lost 2%. The Dow slipped 0.1% for the week, marking its second worst performance of the year.
Friday's sell-off was broad based, with about 60% of the Dow's 30 components ending in the red. Technology stocks were a
the biggest losers, after a leader in the networking equipment sector warned of a weak quarter ahead.
Ugly jobs report: The U.S. Labor Department's monthly report showed that the economy added only 88,000 jobs in March,
lowest monthly gain since last June and far below expectations. Economists surveyed by CNNMoney had expected a gain o
190,000 jobs.
The unemployment rate slipped to 7.6%, but that was also bad news because nearly 500,000 people dropped out of the labo
market. The labor force participation rate, which measures how many people are employed or looking for jobs, fell to 63.3%
lowest level since May 1979.
The gloomy snapshot sent investors rushing toward U.S. Treasuries. The 10-year yield dropped to 1.7%, its lowest level sin
December 2012. Gold, which is also perceived to be a traditional safe haven, gained 1.5%.
Rally gets tested: "The disappointing jobs report is a cold slap of reality in the face to many investors," said Jack Ablin, chief
investment officer at BMO Private Bank, adding that stocks had run up too far considering that the global recovery, particu
business sentiment, remains on shaky ground.
Many market watchers have been warning that after rallying to new all-time highs during the first quarter, stocks are due fo
short pullback. And the jobs report could be the catalyst, said Tom Schrader, managing director at Stifel Nicolaus.
However, both Schrader and Ablin stressed that stocks remain attractive. With interest rates still low, stocks could resume
rallying soon

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"The path of least resistance is higher," said Ablin. "If you look at stocks through the lens of the bond market, it's the most
attractive place to be."
Fear & Greed Index: Neutral
What's moving: Shares of F5 Networks ( FFIV) plunged 19% after the technology company announced preliminary quarte
earnings and sales that fell well short of expectations. F5 competitors Cisco Systems ( CSCO, Fortune 500) and Juniper
Networks ( JNPR) were also under pressure.
In South Korea, Samsung Electronics said its first-quarter sales and earnings would be better than forecasts. Hopes are also
high for Samsung's latest Galaxy smartphone. The Galaxy S4 could present more competition to iPhone maker Apple ( AA
Fortune 500), which is back near its 52-week low.
Related: Bitcoins are a bubble
World markets: European markets also in the wake of the U.S. jobs report. The FTSE 100 in London and CAC 40 in Paris
dropped about 1.5%, while the DAX in Frankfurt lost about more than 2%.
Asian markets ended mixed. Japan's Nikkei added 1.6% as the BoJ-induced rally continued. The Nikkei reached its highest
in nearly five years on Friday, as the Bank of Japan took aggressive action to counter persistent deflation by pumping more
money into the economy.
Hong Kong's Hang Seng tumbled 2.7%. Shanghai's market was closed for a holiday.
The dollar was lower against the euro and the British pound, but higher versus the Japanese yen. Oil prices slipped.
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Business Markets
Sensex at seven-month low

PTI
The BSE benchmark Sensex on Tuesday slided over 211 points to end at seven-month low of 18,226.48 on sharp losses
in IT stocks led by Wipro which tanked over 12 per cent on the first trading session after a spinoff of its non-IT
business.
The Bombay Stock Exchange 30-share gauge resumed better and touched a high of 18,565.56 on firm Asian cues.
However, heavy selling after mid-session pulled it down to settle near the days low level of 18,226.48, registering a fall
of 211.30 points or 1.15 per cent. Previously, it had settled at 18,021.16 on September 13, 2012. In five days of trading,
Sensex has plunged by 814.47 points or 4.28%.
Countrys third largest software services exporter, Wipro, was at the receiving end with a fall of 12.19 per cent and was
the top loser from the Sensex pack, wiping out almost Rs 11,900 crore from its market value. Today was its first day of
trade as standalone IT stock after it hived off its three non-IT business divisions into a privately-held company.
Ahead of its earnings on Friday, Infosys lost 2.36 per cent and continued to be on the selling list.
Besides IT stocks, refinery, PSU, FMCG and realty shares attracted profit-booking even at current lower levels.
Similarly, CNX Nifty index fell by 47.85 points to end at 5,495.10, also its lowest closing since September 13, 2012.
Sustained selling by FIIs, the main market mover, is one of the main reasons behind the recent downslide. FIIs sold
shares worth Rs 163.95 crore on Monday.
Selling was seen all across with 12 out of 13 sectoral indices closed with losses up to 2.10 per cent. Bucking the overall
trend, BSE-Auto rose by 0.41 per cent following 2.2 per cent gain in Tata Motors the top gainer from Sensex. TCS
also gained 1.1 per cent after announcing Alti SA buy.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock markets
Printable v ersion | Apr 1 0, 2 01 3 2 :3 0:4 8 AM | http://www.thehindu.com /business/m arkets/sensex-at-sev enm onth-low/article4 5984 2 4 .ece
The Hindu
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Dow falls more than 200 points after Boston explosions

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NEW YORK (CNNMoney)
A sell-off in stocks accelerated Monday afternoon following the news of explosions at the Boston Marathon.
The Dow Jones industrial average, which had been in the red all day, fell 266 points, or 1.8%. About 120 points of that drop took
place following the reports of the explosions in Boston.
The S&P 500 lost 2.3% and the Nasdaq slipped 2.4%.
CNN reported that two explosions were heard near the finish line of the Boston Marathon shortly before 3 p.m. Eastern. (Read
CNN.com for the latest on the explosions.)
Earlier in the day, stocks had already slumped worldwide, gold prices plunged and investors flocked to lower risk assets like U.S.
Treasuries. The initial sell-off began after investors awoke to news that China's economic growth had slowed in the first
quarter.
What happened in China? The Chinese economy grew 7.7% in the first quarter, compared with a year earlier. The report was
"disappointing" and confirmed China's recovery is fragile, said Qu Hongbin, HSBC's co-head of Asian economic research.
Economists had been expecting the Chinese economy to grow 8%, and because it reflected weaker global demand for Chinese
goods and services, the news also drove stocks in Asia and Europe lower.
The Shanghai Composite, Hang Seng and Nikkei all dropped more than 1%. European markets took their cue from Asia, with
London's FTSE falling 0.6%.
China is the world's second-largest economy after the United States, and is considered one of the top engines of global economic
growth. Case in point: 7.7% growth per year is considered weak in China, while the U.S. economy would be lucky to grow around
3% annually.
A separate report also showed industrial production growth slowed sharply in China in March. Heavy manufacturing related to
steel, power and telecommunications equipment showed the most weakness.
Gold bugs get zapped. Gold plunged more than 9% to settle at $1,361 an ounce and popular gold ETF SPDR Gold Trust (
fell 8.8%.
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Mining stocks were hit hard, with Newmont Mining ( NEM, Fortune 500), Rio Tinto ( RIO), Freeport-McMoran Cooper and
Gold ( FCX, Fortune 500), and Rangold Resources ( GOLD) each dropping more than 5%.
The Australian and New Zealand dollars both fell against the U.S. dollar following the weak Chinese data. Both countries rely
heavily on China as an importer of their raw materials.
Investors also opted for the safety of the U.S. dollar against the euro and British pound. Demand for U.S. bonds rose, and the
yield on the 10-year Treasury note slid to 1.7%.
Bracing for barrage of bank and tech earnings. On the flipside, Citigroup ( C, Fortune 500) had some good news. The bank
reported a better-than-expected 30% jump in net income, to $3.8 billion. Revenue also topped forecasts, rising 6% in the latest
quarter.
Goldman Sachs ( GS, Fortune 500), Bank of America ( BAC, Fortune 500) and Morgan Stanley ( MS, Fortune 500) are on
tap to report results later this week. Tech giants will also report results later this week, with Yahoo ( YHOO, Fortune 500),
Google ( GOOG, Fortune 500) and Microsoft ( MSFT, Fortune 500)all on deck.
Related: Fear & Greed Index slides into neutral
In other corporate news Monday, Dish ( DISH, Fortune 500) said it is bidding $25.5 billion to buy Sprint Nextel (
500), countering an agreement between Sprint and Japan's Softbank. Sprint's stock price surged 14%.
Thermo Fisher Scientific ( TMO, Fortune 500) signed an agreement to acquire Life Technologies (
$13.6 billion, plus debt. Life Technologies shares rose 7.5%.
S, Fortune
LIFE) in a deal valued at
Mixed bag of economic news. A major survey of U.S. homebuilders showed the housing recovery may have lost some of its
steam in March. The news weighed on shares of homebuilders. Hovnanian ( HOV), Lennar ( LEN ), DR Horton ( DHI) and
Toll Brothers ( TOL) were all lower.
Separately, the New York Fed released its monthly manufacturing survey showing that conditions for New York manufacturers
improved slightly in April. The indexes for general business conditions and new orders remained positive, despite modest
month-to-month declines.
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World markets slump after terror attack

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Asian markets declined Tuesday as investors considered weak data and a terror attack.
HONG KONG (CNNMoney)
World markets fell Tuesday as investors considered weaker than expected economic growth in China and the implications of a
terrorist attack in Boston.
The Hang Seng in Hong Kong fell 1.0% in early trading while the Shanghai Composite lost 0.4%. The Nikkei in Tokyo dropped
1.1% and was on track for its third straight decline.
Worries over slower global growth have become more pronounced in the wake of soft economic data in China and the United
States.
A terrorist attack in the United States also weighed on investor sentiment. Two bombs struck near the finish line of the Boston
Marathon on Monday, leaving scores injured.
The investigation is still in its preliminary stages, and scores of victims remain hospitalized. The death toll stands at three.
Related story: Full coverage of terror attack
Even before the attack, markets were reacting poorly to a round of disappointing data.
China reported Monday that its economy grew at a 7.7% annual rate in the first quarter, much weaker than the 8% most
economists were expecting. A separate report also showed industrial production growth has slowed sharply in the country.
The data could mean reduced demand for commodities from the world's second-biggest economy and subdued inflationary
pressures.
Heavy manufacturing related to steel, power and telecommunications equipment have shown the most weakness, a trend that
continued Tuesday. Mining stocks in Australia, which rely heavily on China as an importer of their raw materials, were
particularly hard hit.
Gold prices plunged and investors flocked to lower risk assets like U.S. Treasuries and safe-haven currencies. The yen and dollar
both strengthened.
European markets are not yet trading Tuesday, but stock futures indicate a lower open for most major indices.
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Stocks weighed down by tech

NEW YORK (CNNMoney)
U.S. stocks slid for a second day Thursday, with losses in technology and financial shares leading the way.
The Dow Jones industrial average dropped 0.6%, the S&P 500 slipped 0.7% and the Nasdaq stumbled 1.2%.
Morgan Stanley ( MS, Fortune 500) reported better-than-expected results, with strong gains in its burgeoning wealth
management division. However, sharp declines from its trading division rattled investors, pushing shares down 4%. Rival Bank
of Americ ( BAC, Fortune 500)a was the Dow's biggest loser -- sinking 2% -- just a day after dropping 5% on missing firstquarter earnings estimates.
Related: Bear party: Stocks in overdue sell-off
On the tech front, Nokia's (

quarterly sales.
NOK ) stock price dropped 11% after the Finnish cell phone company reported a 20% drop in
Flash memory card maker SanDisk ( SNDK, Fortune 500) reported better-than-expected earnings and sales for the firstquarter, but shares declined more than 6%, making it the biggest loser in the S&P 500 and Nasdaq 100. eBay ( EBAY, Fortune
500) shares were also under pressure, falling nearly 6% after the online-auction site issued weak second-quarter guidance.
Apple's ( AAPL, Fortune 500) shares also continued to slide after falling nearly 6% Wednesday. The iPhone maker's stock
dropped below $390 Thursday, the lowest level since December 2011. Investors recently turned sour after a negative sales
forecast from iPhone supplier Cirrus Logic ( CRUS).
Related: Fear and Greed Index flashing fear signals
While technology stocks were largely weighing on the broader market, Verizon (
Shares of the company jumped almost 3% after it beat earnings forecasts.
Tech stocks remained in focus after the bell as IBM (
( MSFT, Fortune 500) reported earnings.
IBM, Fortune 500) Google (
VZ, Fortune 500) was bucking the trend.

GOOG, Fortune 500) and Microsoft
IBM shares tumbled 3% in after-hours trading after the company's first-quarter results fell short of estimates. Google shares
edged up after its results pleased investors, despite questions on how it plans to make money off its mobile ads and its Motorola
smartphone unit.

6WRFNVZHLJKHGGRZQE\WHFK$SU
Microsoft shares rose after the company reported its quarterly profit rose from last year, buoyed by Windows 8 sales.
Related: I lost $50K in Bitcoin crash, but I'm still a believer
In economic news, the government said initial jobless claims increased by 4,000 to 352,000 in the week ended April 13. The
gains were slightly below forecasts.
European markets closed mixed after the German parliament reportedly backed a 10 billion bailout for Cyprus. London's FTSE
100 and the DAX in Berlin closed slightly lower, while the CAC 40 in Paris closed higher.
Asian markets ended mixed. The Shanghai Composite added 0.2%, while the Hang Seng declined 0.4% and the Nikkei lost 1.2%.
The dollar fell against the euro and the pound, but edged higher versus the Japanese yen.
Oil and gold prices edged higher.
The price on the 10-year Treasury rose, pushing the yield down to 1.69%.
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Business Markets
Sensex falls below 20K, down 388 points

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The BSE benchmark Sensex on Thursday lost 388 points to fall below 20,000 level on disappointing March quarter
earnings from state-run lender State Bank of India, amid weak global trend after US Federal Reserve hinted at scaling
down monetary stimulus.
Extending losses for the fourth straight day, the 30-share index nosedived by 387.91 points, or 1.93 per cent, to close
at 19,674.33, with all the sectoral indices, led by realty and capital goods stocks, in the negative zone. The index had
lost nearly 224 points in the previous three sessions.
Similarly, the broad-based National Stock Exchange index, Nifty fell below 6,000 level by losing 127.45 points, or
2.09 per cent, to 5,993.90.
MCX-SX flagship index SX40 also closed down by 178.75 points, or 1.51 per cent, at 11,682.3.
Countrys largest bank SBI today reported a 18.54 per cent decline in net profit at Rs 3,299 crore for the fourth
quarter ended March 31, 2013 on account of lower interest income, causing its shares to plummet over 7 per cent to
close at Rs 2,176.20 apiece on the BSE.
Federal Reserve Chairman Ben Bernanke signalling o Wednesday that monetary stimulus may be scaled back if the US
economy improves further, triggered selling activity in the entire global region, traders said.
Also, reports of manufacturing activity in China contracting in May for the first time in seven months further
dampened the trading sentiment further, they added.
Ranbaxy slumped 8.80 per cent to Rs 393.15 after its Japanese promoters blamed the companys former Indian
owners for concealing and misrepresenting critical information about US investigation into sale of adulterated drugs.
In 30BSE index components, 29 stocks declined with the two most heaviest with their nearly 16 per cent weightage
Reliance Industries and Infosys dropping 3.99 per cent to Rs 785.15 and by 1.23 per cent to Rs 2,358.90, respectively.
The realty sector index suffered the most by losing 5.95 per cent to 1,784.56 followed by capital goods by 5.19 per cent
to 9,436.96. Power index fell by 3.96 per cent to 1,731.54 and banking index by 2.84 per cent to 14,452.86.
Keywords: Sensex, BSE, NSE, stock market, SBI Balance sheet
Printable v ersion | May 2 3 , 2 01 3 7 :2 9 :4 4 PM | http://www.thehindu.com /business/m arkets/sensex-falls-below-2 0k-down-3 88-points/article4 7 4 2 1 7 3 .ece
The Hindu
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Stocks claw back from steep losses

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NEW YORK (CNNMoney)
U.S. stocks recovered from steep declines Thursday to end only modestly lower as investors discounted concerns about the
Federal Reserve curtailing its bond buying program.
The Dow Jones industrial average fell less than 0.1%. The S&P 500 lost 0.3% and the Nasdaq declined 0.1%. All three indexes
were down nearly 1% earlier in the session.
Hewlett Packard ( HPQ, Fortune 500) was by far the biggest gainer of the day. Shares of the PC maker rallied 17%, a day after
the company's earnings beat estimates and CEO Meg Whitman said she was "encouraged" by the turnaround plan.
A big sell-off in Japan dragged down Europe and put pressure on U.S. markets in early trading, but they clawed back throughout
the day.
Click for more on commodities, currencies and bond prices
China manufacturing and Fed fallout: Some investors blamed the weakness in Asian stocks on a report that showed
manufacturing activity in China slowed in May for the first time in seven months, raising concerns about growth in the world's
second biggest economy.
But others argued that the selling was a continuation of losses sustained late Wednesday after minutes from the Fed's latest
policy meeting showed some officials were willing to start slowing the pace of the central bank's bond buying program as soon
as June.
"The red today is all fallout from the Fed yesterday," said Phil Orlando, chief equity market strategist with Federated Investors.
Bernanke told lawmakers Wednesday that withdrawing the Fed's stimulus measures prematurely could derail the economic
recovery, though he hinted that the central bank could slow the pace of its bond buying later this year if the economy improves.
"Everyone's concerned the Fed starts to taper in June," said Orlando. "We think there's zero chance that happens."
The Fed's stimulus policies have been a big driver of the bull market over the past few years. But with the major indexes up more
than 15% so far this year, some investors have called for a pullback.
"I think the market is looking for excuse to take some profits," said Orlando. "The bears who missed out on the way up will take

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this opportunity to put money back to work."

Bond yields back up. Meanwhile, the yield on the 10-year Treasury note held above 2%, a level not seen in more than two
months.
The uptick in yields was another sign that investors expect the Fed to move toward a tighter stance on monetary policy, but
traders say a major sell-off in bonds still seems unlikely.
"We would not expect much selling and for that cash to go under the mattress while the storm is weathered," said Suki Mann,
credit strategist at Societe Generale. "Investors will hold firm and ride it out."
Economic bright spots: The Department of Labor reported that initial claims for unemployment benefits fell to 340,000 last
week, down from 363,000 the week before.
Separately, new home sales rose 2.3% in April compared with the month prior, according to government data.
Eye on retail: After the market closed, Gap ( GPS, Fortune 500) reported earnings that topped expectations and affirmed its
outlook for the year. The retailer said sales rose 2% in the quarter, down from 4% in the same quarter last year. Shares were
down after hours.
Shares of Sears (
SHLD, Fortune 500) plunged 10% after hours, after the company reported a much bigger loss than expected.
RL, Fortune 500) slumped after the retailer failed to meet lowered revenue forecasts, even as
Shares of Ralph Lauren (

earnings jumped 35%.
Meanwhile, discount retailer Dollar Tree (

nearly 4%.
DLTR, Fortune 500) reported better than expected earnings, sending shares up
Related: Fear & Greed Index continues to wallow in extreme greed
Shares of Tesla ( TSLA) nudged higher, a day after the electric car maker announced that it had repaid a $465 million loan from
the government nearly a decade before it was scheduled to do so.
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Business Markets
China data, U.S. Fed remarks send stocks into a tailspin

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37,
The rupee breaches the psychological level of 56 to a dollar intra-day
Equities fell sharply on the bourses following crash in shares globally as investors rushed to grab safer assets dumping
equities as manufacturing survey of China and remarks of Ben Bernanke of U.S. Federal Reserve disappointed
markets.
An attempt by the Finance Minister, P. Chidambaram, to talk up the market failed to yield any results but succeeded
in saving them from further fall.
The benchmark Bombay Stock Exchange (BSE) 30-share sensitive index, Sensex, tumbled by 387.91 points or 1.93 per
cent to close at 19674.33. BSE Realty was the worst hit as it dipped by 5.95 per cent followed by capital goods 5.19 per
cent, power 3.96 per cent, banks 2.84 per cent, PSUs 2.68 per cent, oil and gas 2.65 per cent and consumer durables
2.02 per cent.
All sectoral indices ended in the negative territory.
Nifty
National Stock Exchanges 50-share Nifty closed at 5967.05 with a loss of 127.45 points or 2.09 per cent.
Global scene
Globally, Japans Nikkei 225 Average was the biggest loser, with a crash of 7.3 per cent at close followed by Hang Seng
with 2.5 per cent fall. In the European markets, U.K.s FTSE lost 1.79 per cent.
Investors are seeking haven in the greenback after Chinas manufacturing activity contracted to seven-month low in
May. Chinas HSBCs Purchasing Managers Index fell to 49.6 in May as against 50.4 in April. The contraction is on
account of the fall in new orders fuelling concerns that recovery in the worlds second largest economy may slow, said
Disha Bhatt of IIFL.
On Wednesday, U.S. Federal Reserve Chairman Ben Bernanke said the economy still needed aid and premature
scaling down of the bond buying programme could lead to substantial risk of slowing or ending the economic
recovery. However, he was quick to add that the central bank was ready to taper its bond buying programme in the
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coming months provided the housing sector and labour market continued to show strong signs of growth. But the
statement disappointed global markets, which was expecting an early economic recovery.
Rupee at 55.60
The rupee breached the psychological level of 56 per U.S. dollar to touch 56.01 intra-day. It closed at 55.59/60 against
its previous close of 55.46/47.
It dropped below the 56-level for the first time since September 2012.
Currency-wise 2013 would turn out to be U.S. dollar strengthening, and Japanese yen weakening, and a strong dollar
never works for Asian markets, India included, said Tirthankar Patnaik, India Strategist and Chief Economist,
Religare Capital Markets.
While we maintain our 53-55 band with temporary overshoots, weakness in the Japanese yen would force a revision,
potentially shifting the band to 53-57 levels, Dr. Patnaik added.
IIFLs Disha Bhatt expects the rupee to head towards 60 a dollar by December-end. She cites rollback of stimulus or
bond buying by the U.S. Federal Reserve and rise in dollar demand by oil importers as reasons for the dollar
appreciation.
Jobs data
Europes nagging debt crisis and economic recovery in the U.S. are boosting dollar demand.
The U.S. economy lost 8.7 million jobs in the aftermath of the financial crisis. It has since gained back about 6.2
million jobs.
As of April, the U.S. unemployment rate was 7.5 per cent, an improvement from its 10 per cent high seen during the
financial crisis.
Speculation was also rife that the Reserve Bank of India (RBI) might be buying dollars at current levels to shore up its
forex reserves and might not intervene much to stem the rupee slide, said Ms. Bhatt.
Keywords: U.S. Federal Reserve, Bombay Stock Exchange, National Stock Exchange, Sensex, Nifty, rupee rate
Printable v ersion | May 2 4 , 2 01 3 2 :2 3 :2 6 AM | http://www.thehindu.com /business/m arkets/china-data-us-fed-rem arks-send-stocks-into-a-tailspin/article4 7 4 3 4 6 5.ece
The Hindu
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Business Markets
Oil falls below $94 on weak outlook for demand

AP
The price of oil was knocked below $94 a barrel on Friday by a combination of ample supplies and lukewarm demand.
By early afternoon in Europe, benchmark oil for July delivery was down 70 cents to $93.55 a barrel in electronic
trading, on the New York Mercantile Exchange.
On Thursday, the Nymex contract fell as low as $92.91 after weak manufacturing data from China raised questions
about the strength of oil demand in the worlds No. 2 economy. It closed at $94.25 a barrel in New York, down 3
cents.
It seems that the recent disappointing macro numbers from China continue to weigh on market sentiment, raising
further concerns about a slowdown in the oil demand, said a report from Sucden Financial Research in London.
The American Petroleum Institute had said in a statement on Wednesday that U.S. crude oil stocks for April ended at
388.9 million barrels, the highest inventory level for the month since 1981.
Traders were awaiting the release by the U.S. Commerce Department of durable goods orders for April for the latest
clues on the health of the U.S. economic recovery.
Brent crude, a benchmark for many international oil varieties, was down 23 cents to $102.17 a barrel on the ICE
Futures exchange in London.
In other energy futures trading on Nymex- Wholesale gasoline fell 0.78 cent to $2.8103 a gallon. Heating oil lost 1.41
cents to $2.8424 a gallon. Natural gas retreated 2.2 cents to $4.239 per 1,000 cubic feet.
Keywords: Brent crude, oil prices, New York Mercantile Exchange
Printable v ersion | May 2 4 , 2 01 3 1 1 :08:02 PM | http://www.thehindu.com /business/m arkets/oil-falls-below-9 4 -on-weak-outlook-for-dem and/article4 7 4 6 51 7 .ece
The Hindu
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Stocks end strong May with sell-off

%\%HQ5RRQH\#&110RQH\,QYHVW0D\30(7
NEW YORK (CNNMoney)
A strong month on Wall Street ended on a weak note Friday after a late-day sell-off sent stocks down more than 1%.
The Dow Jones industrial average fell 209 points, or 1.3%, with most of the selling in the final hour of trading. The S&P 500 sank
1.4% and Nasdaq slid 1%.
Despite Friday's losses, all three indexes ended May in the black. The Dow and S&P 500 both gained about 2%, while the Nasdaq
advanced nearly 4%.
It's the first time the Dow has ended higher in May since 2009, and marks the sixth monthly gain for the index. So far this year,
the major gauges are all up about 16%.
Hewlett-Packard ( HPQ, Fortune 500) was the best performing blue chip in May. Shares of the PC maker rose nearly 20% this
month. Cisc ( CSCO, Fortune 500)o and JPMorgan ( JPM, Fortune 500) have also logged double-digit percentage gains.
The main laggards were safe-haven stocks that investors had flocked to earlier this year because they pay dividends. Telecoms
Verizon ( VZ, Fortune 500) and AT&T ( T, Fortune 500) were the worst Dow performers this month, along with consumer
staples McDonalds ( MCD, Fortune 500) and Coca-Cola ( KO, Fortune 500).
The rush out of safe haven investments has also hurt the bond market. Yields on the 10-year Treasury note rose to a high of 2.2%
earlier this week, up from about 1.6% at the end of April.
Click here for data on commodities, currencies and bond prices.
T is for Taper. The jump in Treasury yields, which rise when prices fall, came as investors brace for a potential slowdown in the
Federal Reserve's bond buying campaign.
Fed chairman Ben Bernanke caused some confusion this month after he told lawmakers that withdrawing monetary stimulus
too soon would jeopardize the economic recovery. Later, he said the Fed could decide to slow the pace of its bond buying at one
of its next few meetings, depending on how the economy performs.
"The bond market suffered through another week of tapering tantrums," said Anthony Valeri, fixed income strategist for LPL
Financial. "Ben Bernanke did little to clear the uncertainty over the timing of reducing, or tapering, bond purchases."

E is for Economy. Some investors say concerns about the Fed tapering are overblown, since any reduction in bond buying would
signal that the economy is improving.
While overall economic growth remains sluggish, investors have been encouraged by a robust housing market and signs that
consumers are becoming more confident.
An index of consumer sentiment rose in May to the highest level in nearly six years. The final reading of the Reuters/University
of Michigan index showed that consumers are becoming more optimistic about the economy.
But a separate report Friday showed that personal income and spending both fell in April, surprising economists who had
predicted a rise.
Related: The dividend craze may be over
Meanwhile, the Chicago Purchasing Managers' Index bounced back in April, rising to the highest level since March 2012.
"Over the past few years, we've seen the economy slow a bit in spring, but we haven't seen that to the same degree this year,"
said Joel Huffman, a managing director at The Private Client Reserve of U.S. Bank in Milwaukee. "That has helped the market."
Huffman added that stocks could continue to move higher as corporate profits rise along with the economy. But he
acknowledged that the market remains vulnerable to a correction given the run stocks have had so far this year.
"Corporate profits have been positive, but stock prices have gone up more than profits," he said. "A correction of 5% to 10% is
certainly within reason."
Related: Best deals in investing
D is for doughnuts. In corporate news Friday, Krispy Kreme (

shares of the doughnut maker up 13%.
KKD) said sales and earnings jumped in the first quarter, sending
Lions Gate ( LGF) shares rose after the media company said sales jumped 71% in the past fiscal year, helped by movies in the
teen-oriented "Hunger Games" and "Twilight" franchises.
Shares of Palo Alto Networks (
Nasdaq said Netflix (
PANW) plunged after the technology company swung to a big loss in the most recent quarter.
NFLX) will join the Nasdaq-100 (
NDX) on June 6, replacing healthcare supplier Perrigo (
PRGO).
Related: Fear & Greed Index, wallowing in greed
European markets took a tumble, but ended off the lows of the day. The London stock market fell nearly 1%, while indexes in
France and Germany had smaller losses.
Unemployment in the troubled eurozone region hit a record high of 12.2% last month, according to the latest statistics from
Eurostat.
Asian markets ended the week with mixed results. The Nikkei advanced by 1.4%, rebounding from Thursday's steep decline
brought on by mounting concerns over the country's economic turnaround plan.
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Business Markets
Sensex tanks 297 points on lower GDP figure

PTI
The BSE benchmark Sensex fell by a whopping 297 points in late morning trade on Friday on selling by funds as well
as retail investors after the countrys economic growth declined to a decade low of 5 per cent.
The 30-share barometer after losing over 150 points in early trade fell further by 297.83 points, or 1.47 per cent, to
slip below 20,000 point level to trade at 19,917.57 points at 11.15 hrs (IST).
All the sectoral indices, barring IT, were trading in the negative zone with fall up to 1.49 per cent.
Similarly, the wide-based National Stock Exchange index Nifty declined by 74.30 points, or 1.21 per cent, to 6,049.75.
Indias economic growth rate declined to a decade low of 5 per cent in 2012-13. The growth slowed to 4.8 per cent in
January-March quarter of 2012-13 compared to 5.1 per cent in the same period previous fiscal.
Bucking the trend, IT sector stocks managed to trade in positive zone mostly supported by a weakening rupee, which
hit one-year low against the dollar.
Printable v ersion | Jun 1 , 2 01 3 9:3 4 :1 8 AM | http://www.thehindu.com /business/m arkets/sensex-tanks-2 97 -points-on-lower-gdp-figure/article4 7 6 84 6 9 .ece
The Hindu
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Business Markets
Published: June 3, 2013 16:50 IST | Updated: June 3, 2013 19:24 IST

PTI
The BSE benchmark Sensex on Monday fell 150 points to close at nearly one-month low of 19,610.48 on funds selling
mainly in oil and gas sector and power stocks driven by a fall in manufacturing output and weak global trend.
However, rise in Infosys shares minimised the losses.
The Sensex fell by 149.82 points, or 0.76 per cent, to 19,610.48, the level last seen on May 3. The index had lost 455
points in the previous session.
Similarly, the broad-based National Stock Exchange index Nifty fell by 46.65 points, or 0.78 per cent, to 5,939.30.
MCX-SX flagship index, SX40, also ended 97 points, or 0.83 per cent, lower at 11,634.91 points.
Brokers said trading sentiment dampened following reports manufacturing sector output fell in May, its first decline
since March 2009, as order flow weakened and power outages affected the sector.
They said a down-trend in the Asian region and lower opening in Europe further influenced the market sentiment.
However, they said a steep rise in Infosys, as the IT major recalled its founder N R Narayana Murthy and returned
control of the company, saved the market from a major fall.
Bucking the general weakening trend, Infosys rose by 4.42 per cent to Rs 2,513.95 and State Bank of India by 1.07 per
cent to Rs 2,069.70.
In 30-BSE index components, 20 stocks declined led by Reliance Industries, ICICI Bank, HDFC Bank, HDFC Ltd,
Maruti Suzuki, Hero MotoCorp, Bajaj Auto and Sun Pharma.
The oil and gas sector suffered the most by losing 1.34 per cent to 8,538.90 followed by power index by 0.99 per cent
to 1,737.78. Auto sector index fell by 0.79 per cent to 11,078.42 as auto makers reported fall in May sales.

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Dow drops below 15,000

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NEW YORK (CNNMoney)
Persistent worries about the slowing economy and when the Federal Reserve will start tapering its bond buying program had
investors on edge again Wednesday.
U.S. stocks fell sharply, extending the previous day's slide, after major global markets also ended in the red.
The Dow Jones industrial average dropped 217 points, or 1.4%, ending below 15,000 for the first time since May 6. The S&P 500
also dropped 1.4% and the Nasdaq declined 1.3%. The day's losses were the worst in almost two months for the Dow and
Nasdaq.
Click here for more on stocks, bonds, currencies and commodities
Fed uncertainty dominates: The biggest question mark facing investors is how much longer will the Fed continue to boost the
economy.
Comments from various Fed officials over the past few weeks have whipsawed markets as investors try to gauge the central
bank's next move.
In its Beige Book report, an analysis of regional economic activity, the Fed described the economic recovery as "modest,"
"moderate" and "measured."
Investors have also been keeping close tabs on economic data for any additional clues.
Payroll-processor ADP said Wednesday that the private sector added 135,000 jobs in May, less than the 157,000 economists
were expecting.
While the weak reading gave investors some hope that the Fed won't pare back its bond buying program anytime soon, nerves
remain frayed and investors are taking caution.
The ADP report is a prelude to the U.S. government's closely watched monthly jobs report. That report is due before the bell
Friday.
Marc Chandler, strategist for Brown Brothers Harriman, said in a client note that this month's jobs report is "particularly
important," given all the rumblings about the Fed's next move.

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Other economic news was mixed Wednesday. The ISM services sector expanded more than expected, with the index rising to
53.7 in May from 53.1 the previous month. But factory orders rose just 1%, less than the 1.6% forecast.
What's moving: The day's sell-off was broad-based, with all 10 S&P 500 sectors in the red.
Apple ( AAPL, Fortune 500) shares slipped after the International Trade Commission ruled that several older Apple products
violate a Samsung patent and can't be sold within the United States.
Shares of Toyota (
TM) dropped after the automaker recalled nearly a quarter million hybrids to fix brakes.
Related: Fear & Greed Index slides back into neutral
A downer day for global markets: European markets tumbled after a second estimate of first quarter GDP confirmed that the
eurozone economy contracted by 0.2%. London's FTSE 100 and the CAC 40 in Paris tanked about 2%, while Frankfurt's DAX fell
slightly more than 1%.
Related: Market swings call Japan's Abenomics into question
Asian stocks also ended lower after investors were unimpressed by Japanese Prime Minister Shinzo Abe's unveiling of new
"Abenomics" growth policies. The Nikkei index to tumble by nearly 4%, Hong Kong's Hang Seng lost 1% and the Shanghai
Composite Index declined by 0.4%.
First Published: June 5, 2013: 9:41 AM ET

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No more Super Tuesdays: Stocks close down 1%

%\0DXUHHQ)DUUHOO#0DXUHHQPIDUUHOO-XQH30(7
NEW YORK (CNNMoney)
So much for Super Tuesdays. Stocks ended the day down sharply after a volatile day of trading.
The Dow Jones Industrial Average, the S&P 500, and the Nasdaq started the day deep in the red before rebounding. The Dow
even briefly made it into positive territory. But all three indexes ultimately closed between 0.8% and 1% lower.
"Volatility has clearly ramped up," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research. In fact, the
Dow has swung more than 100 points during six out of the seven trading days so far this month.
The market's main fear gauge -- the CBOE Market Volatility Index ( VIX) -- shot up 11%, and CNNMoney's Fear and Greed
Index moved closer to extreme fear. Just a week ago, that index was in neutral.
After the strong run this year -- stocks have gained roughly 15% -- some say pullbacks should be considered healthy.
"With stocks at this level, it's not the worst thing in the world to take a breather for a month or two," said Dan Greenhaus,
market strategist at BTIG.
The biggest culprit behind the recent choppiness has concern about when the Federal Reserve will slow the pace of its bond
buying program.
Click for data on commodities, currencies and bonds
End of the central bank boost? Investors are becoming increasingly worried that central banks might start paring back their
historically unprecedented levels of bond buying.
Japan's central bank spooked investors early Tuesday by leaving its monetary policy unchanged. Many investors had expected
further stimulus. Major Asian markets ended down between 1% to 1.5%.
Japanese prime minister Shinto Abe has been trying to weaken the yen to boost experts. But Abenomics doesn't seem to be
working lately. The yen gained 3% against the U.S. dollar Tuesday.
Abe is fighting the currency wars with a "bow and arrow" compared with the ECB and other countries which he said are using
bazookas, said Douglas Borthwick, managing director at Chapdelaine Foreign Exchange.

European markets took their cue from Asia and closed down between 0.9% and 1.6%.
Turkey's stock market continues to fall, as the violence there escalates.
Related: Investors losing patience with Turkey
Greenhaus expects U.S. investors to take a wait and see approach until next week, when Fed chairman Ben Bernanke holds his
quarterly press conference. Bernanke is expected to give investors some hints as to when the Fed's easing might stop or slow
down.
Treasuries tumble: The yield on 10-year Treasuries continued to rise, as investors bailed out.
The 10-year yield has steadily been climbing for the past month. The yield rose as high as 2.25% Tuesday from 1.6% in early May.
Related: Fear and Greed Index shows return of fear
Yoga drama: On the corporate front, Lululemon (

Christine Day is stepping down.
Shares of Sprint Nextel (
offer.
LULU) shares tanked after the yogawear maker announced that CEO
S, Fortune 500) rose after SoftBank, Japan's third-largest wireless carrier, increased its takeover
6RQ\ILUHVILUVWVKRWLQJDPLQJSULFHZDU
Banana boom: Shares of Dole Foods ( DOLE, Fortune 500) surged after the company said its chairman and CEO, David
Murdock, made a cash offer to buy the 60.5% of the company he doesn't already own. Murdock offered to pay a 17.6% premium
to Monday's close.
Shares of aircraft maker Boeing ( BA, Fortune 500) slipped after the company trimmed its 20-year forecast for widebody jet
demand, even as it raised its forecast for single-aisle jets.
Google (
GOOG, Fortune 500) announced that it would acquire mapping company Waze, but did not disclose a price tag.
Shares of Diamond Foods (
DMND) spiked after the company saw losses narrow and appointed a new CFO.
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Dow's worst losing streak of the year

NEW YORK (CNNMoney)
U.S. stocks closed lower for a third straight day Wednesday, marking the Dow's worst losing streak this year.
The Dow Jones industrial average, which initially jumped more than 100 points, finished down more than 120 points, or 0.8%,
falling below the key 15,000 level once again. The 3-day slide was the blue chip index's first one of the year.
The S&P 500 also slipped 0.8%, while the Nasdaq tumbled more than 1%. (Check world markets)
Volatility has picked up in recent week amid increasing unease about when central banks will begin weaning investors off cheap
money.
The market's main fear gauge -- the CBOE Market Volatility Index ( VIX) -- spiked almost 8% Wednesday, and has shot up
more than 35% in the last month. CNNMoney's Fear and Greed Index fell into Extreme Fear for the first time in a year. Just one
month ago, the index was in Extreme Greed.
Click here for more on stocks, bonds, commodities and currencies
"Investors continue to assess the risks posed by the U.S. Federal Reserve pulling back on its bond-buying program and taking
liquidity out of the market," wrote Ishaq Siddiqi, a market strategist at ETX Capital. The threat of lower liquidity has left the
markets feeling "uncomfortable," he added.
Related: Fear and Greed Index falls to extreme fear
Despite the recent swing in the market -- both on an intraday and daily basis -- the major indexes have made healthy gains this
year. The Dow is up 14%, while the S&P 500 and Nasdaq are up 13%.
Related: Emerging markets in turmoil
On the corporate front Wednesday, shares of Cooper Tire & Rubber ( CTB) surged after India's Apollo Tyres said it would buy
the American tire maker for $2.5 billion. Shares of rival Goodyear Tire & Rubber ( GT, Fortune 500) also rose.

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First Solar (
FSLR) shares sank after the renewable energy firm announced plans late Tuesday for a new stock offering.
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Business Markets
Sensex hits new two-month low; down 102 points

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The BSE benchmark Sensex on Wednesday fell by nearly 102 points to hit a new two-month low, led by fall in
consumer durable and metal sector stocks as weak factory output and sticky inflation dented hopes of a rate cut by
RBI next week.
In volatile trade, the 30-share index commenced the day on a weak note and improved during intra-day to 19,143.13
with rupee improving against the dollar. However, it failed to carry the momentum and closed 101.87 points, or 0.53
per cent, down at 19,041.13, its lowest level since April 18.
Similarly, broad-based National Stock Exchange Nifty settled lower by 28.60 points, or 0.49 per cent, at 5,760.20.
Also, MCX-SX flagship index, SX40, ended 85.75 points lower, or 0.75 per cent, at 11,281.59.
Brokers said the trading sentiment dampened after industrial output growth slowed to 2 per cent in April and retail
inflation dropped marginally to 9.31 per cent in May from 9.39 per cent in April.
They said a weakening trend in global markets on concerns that central banks from Tokyo to Washington increasingly
reluctant to add stimulus, further influenced the market.
Out of the 30 index shares of Sensex, 20 stocks were down led by Tata Power ending as the biggest loser of the day
falling 3.03 per cent to settle at Rs 80.05, followed by blue-chips Coal India and Tata Steel, down 2.69 per cent and
2.61 per cent to Rs 303.30 and Rs 274.15, respectively.
Software exporting companies stocks fall as the government considered measures to stabilise the rupee after it hit an
all-time low of 58.38 yesterday.
The second heaviest on the benchmark Infosys fell by 2.02 per cent to Rs 2,423.95 and TCS by 2.06 per cent to Rs
1,467.85.
Banking stocks declined as higher retail inflation and weakening rupee left less chances of interest rate cut by the
Reserve Bank on June 17, led by Axis Bank falling 3.32 per cent to Rs 1,276.60.
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Business Markets
Sensex slips below 19,000 level

PTI
Tracking weak global trends, the BSE benchmark Sensex on Thursday fell by 213.97 to close below the 19,000 mark
after nearly two months on sustained selling by foreign funds, mainly in the auto sector, even as Finance Minister P.
Chidambaram said more reforms are on the anvil.
Extending losses for the third straight session, the 30-share index commenced the day on a weak note at 18,815.57
and plunged further to close down by 213.97 points, or 1.12 per cent, at 18,827.16. This is the first time since April 17
that the Sensex has closed below 19,000 level at 18,731.16.
Similarly, broad-based National Stock Exchange Nifty settled lower by 61.10 points, or 1.06 per cent, at 5,699.10.
Also, MCX-SX flagship index SX40 ended 102.23 points lower, or 0.91 per cent, at 11,179.36.
Out of the 30-BSE index components, 25 stocks declined led by drop in Tata Motors and Mahindra and Mahindra.
Amid other major losers, Apollo Tyres fell by 25.43 per cent to Rs 68.60 after the company said it will take over USbased Cooper Tire & Rubber Co in an all-cash deal valued at about Rs 14,500 crore (USD 2.5 billion).
Also Sun Pharma extended a five-day drop by losing 3.22 per cent to Rs. 949.45 after it was asked to pay USD 550
million to Pfizer and a partner for patent infringement settlement.
Sectorally, the auto sector index suffered the most by 2.33 per cent to 10,385.15, followed by realty sector by 2.30 per
cent to 1,557.61 as fading hopes of interest rate cut.
Keywords: Sensex, BSE, closing trade
Printable v ersion | Jun 1 3 , 2 01 3 5:56 :03 PM | http://www.thehindu.com /business/m arkets/sensex-slips-below-1 9000-lev el/article4 81 03 7 6 .ece
The Hindu
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Stocks end volatile week with losses: Fed is next

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NEW YORK (CNNMoney)
A week of wild swings on Wall Street ended with more selling Friday as investors brace for a potential shift in Federal Reserve
policy.
The Dow Jones industrial average fell more than 100 points, or 0.7%. The S&P 500 and the Nasdaq both ended about 0.6%
lower.
The major indexes pushed more than 1% higher Thursday, breaking a 3-day losing streak. But all three indexes posted losses for
the week. The Dow and Nasdaq both fell more than 1%, while the S&P declined 0.9%.
The choppy trading comes as investors readjust their expectations for the Fed, which could begin to slow the pace of its bond
buying program later this year. Fed chairman Ben Bernanke has said repeatedly that any decision to curtail monetary stimulus
will depend on how the economy performs.
The Fed has a policy meeting next week and Bernanke will speak at a press conference Wednesday. Most economists do not
expect any change in policy to be announced, but investors are hoping Bernanke will provide some clarity on when the central
bank may start to cut back its bond buying.
Click for data on bonds, currencies and commodities
Market jitters to continue. The uncertainty over Fed policy sent shock waves around global markets this week as yields on U.S.
Treasury bonds rose and investors pulled money out of risky emerging markets. Investors have also been having doubts about
Japan's plan to revive its economy as well as signs of slowing growth in China.
In a sign of increased volatility, the VIX ( VIX) rose above 18 this week, up from 12 in early May. CNNMoney's Fear & Greed
index also slipped into extreme fear for the first time in a year.
"We expect volatility to remain elevated in the short term as investors contemplate the potential for a new market landscape,"
said Brent Schutte, market strategist at BMO Private Bank.
Related: Fed not expected to taper QE3 until December
European markets closed modestly higher.

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Asian markets ended the day with some decent gains, recovering from a big drop on Thursday.
Tokyo's Nikkei index bounced back by nearly 2% after falling more than 6% Thursday. But the benchmark Japanese index is still
in bear market territory, down 20% from its most recent peak.
Latest on the economy: The International Monetary Fund said it expects U.S. economic growth to slow this year due largely to
budget cuts in Washington. The IMF anticipates the Fed will continue buying assets until the end of the year.
The U.S. Bureau of Labor Statistics said producer prices increased 0.5% in May, driven largely by food and energy prices. The
measure of prices for unfinished goods, excluding food and energy, fell 0.4%.
Separately, the Fed said industrial production was unchanged in May after falling in April.
The University of Michigan and Thomson Reuters said the initial reading of the June consumer sentiment index fell to 82.7 from
84.5 in May, when the index hit its highest level in nearly 6 years.
Related: Fear and Greed index back near extreme fear
Pork, furniture and guns: In corporate news, Smithfield Foods ( SFD, Fortune 500) said earnings fell 69% to $29.7 million, or
21 cents per share, in the quarter ended April 28. The meat producer blamed high grain prices due to last year's drought, which
pushed up the cost of hog production. Smithfield announced last month that it was being bought by Chinese meat producer
Shuanghui International.
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Shares of Restoration Hardware ( RH) surged after the retailer reported results that easily beat forecasts. Shares of the
company have been red hot since the retailer went public in November.
Smith & Wesson ( SWHC) shares rose after the gunmaker released preliminary results showing record quarterly and full-year
sales and earnings.
Shares of Monster Beverage ( MNST) fell following a report that the American Medical Association could consider backing a
ban on advertising energy drinks.
Time Warner Cable ( TWC, Fortune 500) shares jumped on speculation the cable company could merge with Charter
Communications ( CHTR, Fortune 500). But the former unit of CNNMoney parent Time Warner ( TWX, Fortune 500) is
unlikely to agree to a deal, according to a report on CNBC.
Analysts at Credit Suisse (
company higher.
CS) upgraded SolarCity (
SCTY), sending shares of the Elon Musk-backed alternative energy
Shares of Gannett ( GCI, Fortune 500)sank following a bearish analyst report. The stock had surged 34% on Thursday after the
newspaper and television station owner said it was buying TV station company Belo ( BLC).

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Dow sinks 200 points after Fed hints at stimulus easing

NEW YORK (CNNMoney)
Federal Reserve chairman Ben Bernanke tried to carefully explain how the central bank will figure out when it's the right time to
pull back on its monthly bond purchases, but investors didn't have any of it.
The Dow Jones industrial average tumbled more than 200 points, or 1.4%, Wednesday afternoon after Bernanke took questions
from the media about the Fed's exit strategy. The S&P 500 also dropped 1.4% and the Nasdaq sank 1.1%. Stocks had been in the
red all day, but were barely below the breakeven line before the Fed chairman began speaking.
Bond prices also fell sharply, sending yields higher. The yield on the 10-year Treasury note rose as high as 2.36% -- its highest
level since March 2012. It had been hovering around 2.2% ahead of the Fed.
CNNMoney's Fear & Greed Index was nudging closer to extreme fear by the end of the day.
The Federal Reserve left interest rates unchanged and said it would continue with its current bond purchase program -- $85
billion in mortgage-backed securities and Treasuries each month -- for the foreseeable future. But during his press conference,
Bernanke highlighted scenarios in which the Fed would consider tapering.
If the economy continues to improve, Bernanke said it would be "appropriate to moderate the monthly pace of purchases later
this year," and end the program by mid-2014. At that point, the Fed expects the unemployment rate would be around 7%.
But he stressed that scenario would only play out if the economic recovery continues as the Fed expects it to. If it doesn't, the
Fed would adjust its policies.
"Our purchases are tied to what happens in the economy," he said. "We have no deterministic or fixed plan."
The Fed's bond-buying program has been a boon to equity markets, supporting U.S. and global stock indexes and driving them
to recent record highs.
Related: Investors shouldn't worry about the Fed
In corporate news, Tesla Motor (
TSLA) announced a recall of some of its Model S cars for a non-mechanical defect.

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FedEx ( FDX, Fortune 500) shares edged up after the shipping giant reported quarterly earnings the blew past forecasts,
though revenue was roughly in line with estimates. The company is often seen as a bellwether for the global economy given the
nature of its delivery business and its international footprint.
Adobe (
ADBE) shares jumped after the software company reported quarterly earnings that beat expectations.
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Dish Networks ( DISH, Fortune 500) dropped its pursuit of Sprint ( S, Fortune 500), clearing the way for Japan's SoftBank
( SFTBF) to continue with its offer. Dish said it would instead focus on its tender offer for Clearwire ( CLWR).
Shares of Men's Wearhouse ( MW) slid after the clothing retailer "terminated" executive chairman George Zimmer, also
known as the "I guarantee it" guy.
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Business Markets
Sensex tumbles as rupee hits record low

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37,
BSE benchmark closes 526 points down
The BSE benchmark Sensex on Thursday plunged by over 526 points, its biggest fall in nearly two years, to end at
18,719.29 due to massive selling on worries that capital inflows may dry up if US Feds sticks to its plan of slowing
down monetary stimulus later this year.
The stock markets were also under heavy pressure after rupee touched life-time low of 59.93 against the dollar.
Sensex tumbled 526.41 points, or 2.74 per cent, to 18,719.29, recording biggest single day fall since September 2011.
Across market, over 1,650 stocks fell and just 650 rose.
Investor wealth worth Rs 1.5 lakh crore was eroded on Thursday.
US Fed Chairman Ben Bernanke on Wednesday night ended weeks of speculation saying that the Federal Reserve will
likely slow its bond-buying programme later this year and end it next year because the US economy is showing strong
sign of recovery. A pullback in Feds $85 billion-a-month programme is being interpreted as a move that will hit
inflows to emerging markets like India, said traders.
The plunge in domestic markets was led by stocks of realty, metal, banks and power shares with 28 scrips of 30-share
Sensex ending down. Only, Wipro and Sun Pharma rose.
Heavyweight stocks like Reliance Industries dropped 3.84 per cent and Infosys lost 2.92 per cent. Jindal Steel and
Power sank 9.62 per cent on major sell-off by participants.
Among others, BHEL, Dr Reddy Lab., GAIL India, HDFC Ltd, HDFC Bank, ICICI Bank, SBI, Hindalco, Sterlite
Industries, Larsen and Toubro, Bharti Airtel, Mahindra and Mahindra, Maruti Suzuki Tata Motors fell sharply.
The broad-based National Stock Exchange index Nifty dipped below 5,700 level by losing 166.35, or 2.86 per cent to
close at 5,655.90. Also, SX40, the flagship index of MCXSX, closed 308.22 points, or 2.70 per cent, down at
11,118.85.
Brokers said sentiments turned extremely bearish after rupee slumped to all-time low of 59.93 to a dollar, tracking
weak trend in the other global currencies.
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In the Asian region on Thursday, Hong Kongs Hang Seng index fell 2.88 per cent and Japans Nikkei shed 1.74 per
cent. The US Dow Jones index closed 1.35 per cent down and Nasdaq shed 1.12 per cent Wednesday night.
Keywords: BSE, NSE, Sensex, Nifty, intra-day session, Rupee, Forex markets
Printable v ersion | Jun 2 0, 2 01 3 6:3 1 :3 1 PM | http://www.thehindu.com /business/m arkets/sensex-tum bles-as-rupee-hits-record-low/article4 83 3 4 59 .ece
The Hindu
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Worst day of the year for Dow , S&P 500

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NEW YORK (CNNMoney)
Wall Street suffered its worst day of the year Thursday, one day after Federal Reserve chairman Ben Bernanke raised fears the
central bank may be preparing to wind down its stimulus policies this year.
The Dow Jones industrial average tumbled 353 points, or 2.3%. That marked the biggest one-day point drop since November
2011. Including Wednesday's losses, the Dow has erased more than 550 points in two days.
Despite the punishing losses, the Dow has seen much darker days. It fell 778 points on Sept. 29, 2008, after Congress rejected a
$700 billion plan to rescue the banking industry. (Track the Dow 30)
The S&P 500 sank 2.5% Thursday, logging its biggest percentage drop since November 2011. The Nasdaq sank more than 2.3%.
Click here for more on bonds, currencies and commodites
Bernanke lays his cards on the table. The rout came after Bernanke offered some of his most explicit guidance about when the
central bank might start pulling back its stimulus.
Depending on how the economy performs, Bernanke said the Fed could begin tapering its bond buying later this year and end
the program some time in 2014. At the same time, he said the Fed could step up its stimulus efforts if the economy take a turn for
the worse.
While this is what most economists had predicted, investors seemed surprised to hear Bernanke spell it out in such detail.
"He offered more clarity and transparency than many had expected," said Art Hogan, managing director at Lazard Capital
Markets.
It's going to be a bumpy ride. Dan Greenhaus, chief market strategist at BTIG in New York, said the initial reaction to
Bernanke's comments was overdone. But he said a period of choppy trading is to be expected following the strong gains stocks
booked earlier this year. All three indexes are still up between 11% and 12% for the year.
The Fed has been a major driver of the bull market, and traders say the shift in policy will continue to fuel volatility in the months
ahead.
The VIX (
VIX), a benchmark of investor anxiety, jumped 28% Thursday. And CNNMoney's Fear & Greed Index slid back into
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extreme fear.
"I think volatility is the new norm as investors in all asset classes try to re-price what the world looks like in the absence of
quantitative easing," said Hogan. "That's not an easy thing to do."
Meanwhile, bond yields continued to move higher, with the 10-year Treasury yield rising as high as 2.46%. (Related: Bond
yields spike to 2-year high)
The dollar rose versus its main trading partners as investors sought safety in cash. The strong dollar weighed on commodities
that are priced in the U.S. currency. Gold prices plunged 6% to the lowest level since September 2010. Oil prices sank 3.3% to
below $95 a barrel.
Related: Dollar headed for 'multi-year rally'
Major European markets fell by more than 3%. Asian markets also saw hefty losses after HSBC's flash purchasing managers'
index for June showed Chinese manufacturing activity at a 9-month low. Hong Kong's Hang Seng and the Shanghei Composite
both shed nearly 3%.
U.S. investors were also rattled by the lackluster reports out of China, noted Hogan. "The reaction to the Fed is not happening in
a vacuum," he said.
Related: Bernanke's power over your money
In economic news, the government said the number of jobless claims rose more than expected in the latest week. A measure of
manufacturing activity in the Philadelphia area surged to a two year high in June. Meanwhile, the National Association of
Realtors said existing home sales in May rose 4.2% to an annual rate of 5.18 million, slightly better than expected.
Shares of major homebuilders were among the worst performers as investors fear rising mortgage rates will hurt the housing
market. Toll Brothers ( TOL), D.R. Horto ( DHI)n and Lennar ( LEN) were all down sharply.
The sharp drop in gold prices weighed on shares of mining companies, including Newmont Mining (
Freeport-McMoRan ( FCX, Fortune 500).
NEM, Fortune 500) and
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On the corporate front, drugstore chain Rite Aid (
quarter.
RAD, Fortune 500) swung to a profit but revenue declined in the latest
Tech giant Oracle ( ORCL, Fortune 500) reported earnings in line with forecasts but sales fell short of expectations. The
company also doubled its dividend and announced a $12 billion stock buyback. Oracle also said it plans to move its listing to the
New York Stock Exchange as of July 15..

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Business Markets
Sensex tanks 233 points

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Downward trend continued on bourses on Monday as foreign institutional investors (FIIs) maintained their sell-off in
emerging markets and weakness of rupee against the dollar is accelerating it.
The BSE 30-share sensitive index, Sensex, dropped by 233.35 points or 1.24 per cent to 18540.89, led by realty stocks
which tanked 4.79 per cent followed by consumer durables 3.38 per cent, capital goods 2.91 per cent and PSUs 2.42
per cent. All sectoral indices ended in the red.
On the National Stock Exchange (NSE), Nifty closed at 5590.25, with a loss of 77.40 points or 1.37 per cent.
Markets continue their downward slide, as rupee-driven outflows spread from debt funds to equity, with frontline
stocks seeing significant selling pressure. While markets have corrected 10 per cent from the recent highs, we do not
see selling pressure subside in the near-term, despite domestic LIC-led buying in the last two weeks, Tirthankar
Patnaik, India Strategist and Chief Economist, Religare Capital Markets.
Keywords: sensex, stocks
Printable v ersion | Jun 2 5, 2 01 3 6:1 4 :4 0 AM | http://www.thehindu.com /business/m arkets/sensex-tanks-2 3 3 -points/article4 84 54 4 2 .ece
The Hindu
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Stocks fall 1% ... but it could have been worse

NEW YORK (CNNMoney)
U.S. stocks shaved most of their early losses but still finished in the red Monday afternoon as worries about the Fed easing up on
stimulus and credit problems in China kept investors on edge.
The Dow Jones industrial average dropped 140 points, or 0.9%, while the S&P 500 and Nasdaq lost more than 1% each. Earlier
in the day, all three indexes were down between 1.5% and 2%.
Bond yields also eased back from earlier levels. The 10-year yield finished the day at 2.56% after rising to a 22-month high of
2.65%.
The stock and bond volatility came as Fed officials tried to quell concerns about the eventual end of the central bank's bondbuying program.
In an interview with the Financial Times, Dallas Federal Reserve president Richard Fisher reiterated that the central bank would
not begin pulling back until "conditions were right," as they don't want to go from "Wild Turkey to 'Cold Turkey' overnight."
Related: Sell-off is a 'taper tantrum'
He said that the committee "fully understood" that there would be a significant reaction but warned big players in the financial
markets against acting like "feral hogs" and testing the Fed.
The Fed's stimulus program has been a major driver of the bull market, and worries over its longevity will likely keep generating
volatility in the months ahead.
The CBOE Market Volatility Index ( VIX), a measure of fear, jumped above 21 to its highest level of the year before easing back
slightly. And the CNNMoney Fear & Greed Index dropped further into Extreme Fear, clocking in at its lowest level since June
2012.
Click here for more on stocks, bond, commodities and currencies
Credit crunch in China? The People's Bank of China told the country's largest banks Monday to rein in risky loans and improve
their balance sheets, a warning that sent a jolt through already unsettled equity markets.
The Shanghai Composite index was hardest hit by the announcement, registering a decline of 5.3%. The Hang Seng in Hong

Kong lost nearly 3%. Japan's Nikkei index declined by 1.3%.
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The sell-off comes after short-term borrowing costs skyrocketed last week in China, leading to fears about a credit crunch. The
rate at which Chinese banks lend to each other overnight hit, which serves as a measure of liquidity in the financial markets, hit a
record high above 13% last week before moderating. Another key measure of cash in the banking system -- the 7-day "repo rate"
-- peaked at 25%.
Investors are worried that less liquidity in the world's second-largest economy could further slow the shaky global recovery.
Related: Brazilian stocks among world's worst performers
Stocks by the numbers: With the recent heavy selling, all three indexes are down about 6% from their recent highs.
But they're still holding onto healthy gains year-to-date. The Dow, S&P 500 and Nasdaq are up between 10% and 12% since the
start of January.
Stocks on the move: Shares of Vanguard Health Systems ( VHS, Fortune 500) surged almost 70% after inking a $1.8 billion
acquisition deal with Tenet Healthcare Corp. ( THC, Fortune 500)
Apple ( AAPL, Fortune 500) shares briefly fell below $400 a piece for the first time since mid-April after Jefferies' Peter Misek
lowered his 12-month price target to $405 from $420.
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Stocks: Rocky end to a positive quarter

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NEW YORK (CNNMoney)
Stocks wrapped up the second quarter with all three indexes recording gains of between 2% and 5%, despite a challenging June.
The Dow, S&P, and Nasdaq are all up between 12% and 14% as the first half of the year ends.
June was not as sunny. All indexes ended the month down roughly 1%, making June the first losing month this year.
It wasn't the June swoon, but perhaps the June jitterbug? The Dow has swung more than 100 points on 15 out of the 20 trading
days this month.
Related: Big winners on Wall Street are yesterday's dogs
Fears of Fed taper: Fed officials have been in major damage control mode, since Fed chairman Ben Bernanke kicked off tumult in
the stock, bond and gold markets last week. He said the central bank could wind down its stimulus program later this year, if the
economy continues to improve.
Fed governor Jeremy Stein, while trying to allay investor fears, appeared to have inadvertently stoked them Friday. He said the
Fed could "hypothetically" consider tapering its bond buying in September.
Related: Fed officials in damage control mode
At the same time, he said investors were overreacting, but that didn't seem to make a dent in sentiment.
The Dow Jones industrial average dipped 114 points, or 0.8%, Friday. The S&P 500 lost 0.4%. Only the Nasdaq gained ground,
moving just slightly positive.
All three indexes finished the week higher.
Richmond Fed president Jeremy Lacker said the Fed will keep buying bonds, "though at a decreasing rate over the next year."
Bond, gold carnage: The mere mention of any end to bond buying has recently sent bond investors scrambling for the exits. The
yield on the 10-year Treasury note hit 2.65% earlier this week -- its highest level since August 2011 and well above the 1.6% in

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early May. The yield hovered around 1.5% at the end of Friday's trading day.
Gold prices have been slammed as well. Gold rose 1% Friday, but the precious metal slid 13% this month.
As volatility rose in June, so did the CBOE Volatility Index (
VIX). The VIX rose 4% this month, and 37% for the quarter.
CNNMoney's Fear and Greed Index has had a wild quarter as well. A month ago it was in greed and even nudged into extreme
greed in mid-May. But once Bernanke hinted at tapering, the needle quickly shot over to extreme fear.
Related: Fear & Greed Index slides back into extreme fear
BlackBerry bombs: Embattled mobile company BlackBerry (

analysts' forecasts. Shares tumbled 25%.
Nike (
costs.
BBRY) reported first-quarter results Friday that fell short of
NKE, Fortune 500) reported better-than-expected earnings, but analysts remain worried about Nike's ability to cut
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Shares of Accenture (
ACN) moved lower after the consulting firm slashed expectations for its year-end results.
Shares of Pfizer ( PFE, Fortune 500) edged higher after the drug maker announced late Thursday that it would increased its
share buyback program by $10 billion.
The restaurant chain Noodles & Co (
NDLS)'s stock more than doubled from its $18 IPO price.
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Business Markets
Sensex slide continues

BSE Sensex down 286 pts ahead of July derivatives expiry; ITC tumbles 4.5%.
The stock indices dipped further on Thursday following concerns on higher cost of borrowing by banks and falling
corporate earnings.
The S&P BSESensex lost 285.92 points or 1.42 per cent to close at 19804.76. The Sensex touched a two-and-a-half
year high at 20302.13 last Tuesday. Since then it was showing weakness after the Reserve Bank of India (RBI)
announced measures to stem the fall of rupee, which had an upward impact on interest rates.
The fall was led by fast moving consumer goods (FMCG) stocks which lost 3.33 per cent followed by metal 1.73 per
cent, healthcare 1.64 per cent, oil & gas 1.35 per cent and capital goods 1.34 per cent. Except technology stocks, which
gained marginally by 0.21 per cent and automobiles which was up 0.14 per cent, all other sectoral indices ended in the
negative territory.
On the National Stock Exchange (NSE), Nifty closed at 5907.50 with a loss of 83 points or 1.39 per cent.
FMCG stocks dragged the Sensex on Thursday as earnings of ITC was below market expectations.
However, the highlight of the day was banking stocks which witnessed long rollovers after Wednesdays wash out. The
only saving grace was select telecom and auto stocks which bucked the negative trend.
The advance-decline ratio favoured the bears, Amar Ambani, Head of Research, India Infoline, said. On the BSE,
1,418 stocks declined against 850 advances, while 175 stocks remained unchanged.
PTI reports:
Market continued its downward slide on Thursday partially fuelled by negative global cues as the Dow and S&P 500
had finished in the negative territory, said Sanjeev Zarbade, Vice President-private client group research at Kotak
Securities. It was also expiry day for Indian derivatives.
ITC was down by over 4 per cent post its Q1 results, said Nidhi Saraswat, a senior research analyst at Bonanza
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Portfolio.
Other index shares that fell included RIL, ICICI Bank, Sun Pharma, HDFC Bank, L&T, Wipro, M&M, ONGC, Tata
Power, Tata Steel, BHEL, Dr. Reddys Lab, Cipla, Sterlite, Coal India and Hindalco.
Rupee edges up
Meanwhile, the rupee strengthened against the dollar as RBIs measures have an impact on sucking out liquidity from
the system while short-term interest rates have firmed up in Government Securities (G-Sec) sales. The rupee on
Thursday closed at 59.11/12 a dollar compared to 59.13/14 on Wednesday. It touched an intra-day high of 58.76.
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Business Markets
Sensex declines for third day, down 56 points as HUL falls

PTI
The BSE benchmark Sensex on Friday slid for the third straight day by losing 56 points to a fresh twoweek low
19,748.19 on selling in HUL and Tata Motors shares, amid nervousness in ratesensitive sectors ahead of the RBI
credit policy review next week.
37,
The Sensex, which had lost 498 points in past two days, declined further by 56.57 points, or 0.29 per cent, to
19,748.19 the lowest close since 19,676.06 on July 11.
Brokers said investors refrained from creating major positions before RBI credit policy scheduled on July 30.
They also said market participants feared that the RBIs recent liquidity tightening measures to curb weakening rupee
might hurt economic growth prospects in the shortterm.
Pressure was more confined to banking and interestsensitive stocks, besides metal and PSU shares.
The broadbased National Stock Exchange index Nifty dipped below another crucial level of 5,900 this week by
losing 21.30 points, or 0.36 per cent to 5,886.20. Also, SX40 index, the flagship index of MCXSX, fell by 37.91
points, or 0.32 per cent, to end at 11,791.25.
State Bank of India, the countrys biggest lender, dropped by 1.93 per cent, ICICI Bank by 0.32 per cent and HDFC
Bank by 1.45 per cent, Others like Yes Bank and Axis Bank also ended lower.
Hindustan Unilever, an Indian unit of the worlds secondbiggest consumergoods company, plunged by 3.38 per
cent after lower quarter earnings, said analysts.
Hindalco (7.59 per cent), Tata Motors (3.34 per cent) TCS (1.17 per cent) were among notable Sensex losers.
The metal sector index suffered the most by losing 3.52 per cent, followed by realty sector index (1.59 per cent), Public
Sector Undertaking sector index (1.50 per cent) and Banking index (1.43 per cent) fared badly.
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Business Markets
Sensex snaps 4-week rally; down 402 points on RBI steps, Q1 results
PTI
37,
The benchmark S&P BSE Sensex tanked a whopping 402 points to close at a two-week low of 19,748.19, breaking
four weeks of uptrend, following disappointing Q1 results amid steps taken by the central bank to stem the rupee fall.
The Bombay Stock Exchange 30share barometer, which logged its 30month closing high of 20,302.13 on Tuesday
came off from the highs and dipped to settle at 19,748.19, showing a fall of 401.66 points or 1.99 per cent.
In last fourweeks, it had spurted by 1,375.61 points or 7.33 per cent.
The widebased CNX Nifty of the NSE also dipped by 143.00 points or 2.37 per cent to end at 2week low of
5,886.20.
Lowerthanexpected first quarter results announced by construction and engineering giant, L&T weighed on the
market.
While, it recovered on Tuesday as the markets gave a thumbsup to the RBIs fresh curbs on gold imports and a drop
in US home sales suggested the Fed would continue its stimulus programme.
The Reserve Bank of Indias move on late Monday to curb gold imports to slash the current account deficit was one of
the reasons that helped boost sentiment in the markets, brokers said. A shift in funds to domestic stocks from the
bullion and forex markets also supported the market, they added.
However, the RBI took additional steps to tighten liquidity in a bid to curb exchange rate volatility, which dampened
the market sentiment and a result banking stocks suffered heavy losses.
The RBI reduced the liquidity adjustment facility for each bank from 1 per cent of net demand and time liabilities to
0.5 per cent, limiting access to borrowed funds from the central bank. It also asked banks to maintain a higher
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average cash reserve ratio of 99 per cent of the requirement on a daily basis as against 70 per cent earlier.
Markets sold off sharply after Tuesday on the back of fresh RBI measures, said Sanjeev Zarbade, Vice President
Private Client Group Research at Kotak Securities. Due to these measures, banks having higher bulk borrowing
would get impacted more as bond yields, CP and CD rates are likely to rise sharply. Even other sector stocks that are
sensitive to interest rates witnessed selling pressure.
Besides cautious trades ahead of monthly expiry of derivatives on Thursday, brokers said a mixed trend in the global
markets also affected local stocks.
Q1 results by FMCG giants ITC and HUL also later weighed on the market as sales numbers of ITC missed market
estimates while HUL posted a 23 per cent drop in profit.
Brokers said investors refrained from creating major positions before the RBIs credit policy review scheduled on July
30. They also said the RBIs liquiditytightening measures might hurt growth prospects in the short term.
After weak Q1 results from the L&T, other capital goods counters also suffered heavy losses as the S&P BSECG index
was the top loser from the sectoral indices falling a massive 10.16 per cent.
21 scrips out of the 30share Sensex pack ended lower while 9 others finished higher.
Major losers from the Sensex pack were Larsen (13.24 per cent), Jindal Steel (9.76 per cent), Tata Steel (9.19 per
cent), Hindalco Ind (8.84 per cent), BHEL (8.60 per cent), Sterlite Ind (7.54 per cent), Maruti Suzuki (5.19 per cent),
HDFC Bank (5.30 per cent), Gail India (4.10 per cent), ONGC (3.90 per cent), Tata Power (3.73 per cent) and RIL
(3.60 per cent).
However, Hero Moto rose by 5.24 followed by Sun Pharma at 3.47 per cent, Bajaj Auto by 3.06 per cent, Infosys at
2.45 per cent, Bharti Airtel at 2.41 per cent, TCS at 1.75 per cent and M&M 1.72 at per cent.
The total turnover at BSE and NSE fell to Rs 9,390.41 crore and Rs 55,989.13 crore, respectively from the last
weekends level of Rs 9,411.92 crore and Rs 57,586.28 crore.
Among the other sectoral indices S&P BSEBankex dropped by 4.73 per cent followed by S&P BSEPSU at 4.15 per
cent, S&P BSEPower at 3.58 per cent, S&P BSEMetal at 3.28 per cent, S&P BSEOil&Gas 3.24 at per cent, S&P
BSERealty 2.38 per cent and S&P BSEHC 1.72 per cent.
However, S&P BSEIT rose by 2.03 per cent and S&P BSETeck at 1.76 per cent.
Meanwhile, foreign institutional investors (FIIs) were the net sellers.
Forex: The rupee continued its upward march for the third straight week, rising by 31 paise to close at onemonth
high of 59.04 against the Greenback during the week under review on measures taken by the central bank to stem the
rupee fall amid sustained dollar selling by exporters and some banks.
However, negative factors like weakness in local stocks and capital outflows restricted the rupee rise.
At the Interbank Foreign Exchange (Forex) market, the domestic unit resumed better at 59.30 a dollar from last
weekends close of 59.35, but dropped to a low of 59.87.
Later, it bounced back on steps taken by the apex bank to a high of 58.69 before settling the week at 59.04, showing a
rise of 31 paise or 0.52 per cent. In threeweek of gaining string, it has flared up by 118 paise or 1.96 per cent.
Seeking to tighten gold imports in the face of a widening CAD, the Reserve Bank on Monday evening set stringent
conditions for importers, linking inward shipments to future exports. The restriction came when gold imports, in
addition to oil, are putting pressure on the current account deficit, which soared to record high of 4.8 per cent in
201213.
To contain the exchange rate volatility, the RBI on Tuesday announced more measures to squeeze liquidity from the
banking system. It limited access to borrowed funds by reducing the liquidity adjustment facility for each bank from
to 0.5 per cent of net demand and time liabilities from 1 per cent.
The RBI also asked banks to maintain a higher average cash reserve ratio of 99 per cent of the requirement daily as
against 70 per cent earlier.
Pramit Brahmbhatt, CEO, Alpari Financial Services (India) Pvt Ltd said, Rupee continued to trade strong this week
also as RBI again took some steps to make currency scarce and squeeze the liquidity to support the Rupee.
This week on Wednesday Indian Rupee posted its biggest singleday gain in nearly a month. On the weekly basis it
closed strong for the third consecutive week. During this month till now Rupee has already appreciated by more than

2.50 per cent.

Local equity markets reacted negatively on the actions taken by the RBI and lost more than 2 per cent this week
which capped the Rupee gain. The trading range for the Spot USD/INR pair is expected to be within 58.70 to 59.40.
The dollar index which measures the greenback against a basket of six other currencies continued to trade weak for
the third consecutive week. This month Dollar Index has weakened by almost 3.50 per cent till now, he added.
The premium for the forward dollar firmed up further on sustained paying pressure from banks and corporates.
The benchmark sixmonth forward dollar premium payable in December rose further to end at 224229 paise from
last weekends level of 203206 paise and farforward contracts maturing in June also finished sharply higher at
440445 paise from 408411 paise.
The RBI fixed the reference rate for the US dollar at 58.9133 and for the euro at 78.2180 from previous weekends level
of 59.7950 and 78.5222, respectively.
The Rupee remained weak against the pound sterling to 90.98 from preceding weekends close of 90.62 and also
dropped further against the euro to end at 78.36 from last weekends close of 77.93.
However, it fell back against the Japanese yen to 59.88 per 100 yen from previous close of 59.20.
Dry Fruits: Almond and cashew prices declined in the wholesale dry fruits market in the national capital during the
week under review owing to reduced offtake by stockist following fall in local demand at existing higher prices.
Increased arrivals from overseas markets and recovery in the rupee also put pressure on the prices.
Sentiment turned weak owing to reduced offtake by stockists following fall in demand from local parties at prevailing
higher prices.
Almond California prices fell by Rs 300 to close at Rs 15,700 per 40 kg, while its kernel was also traded Rs 15 lower at
Rs 550570 from previous weeks mark of Rs 560585 per kg as recovery in the rupee made imports somewhat
cheaper.
Almond (girdhi and gurbandi) fell by Rs 100 each to settle at Rs 4,5005,000 and Rs 7,8008,200 per 40 kg bag,
respectively.
Cashew kernel (No 180, 210, 240 and 230) prices fell by Rs 20 each to conclude at Rs 800900, Rs 750800, Rs
600650 and Rs 550600 per kg, and its broken 2,4 and 8 pieces also traded lower at Rs 350400, Rs 300355
and Rs 250315 per kg, respectively.
Copra prices declined by Rs 100 to finish at Rs 6,1006,400 per quintal.
Kishmish Indian yellow and green prices declined by Rs 200 each to ended at Rs 3,8004,500 and Rs 4,7007,300
per 40 kg, respectively.
Pistachio Irani, hairati and peshwari prices also fell up to Rs 10 to settle at Rs 910950, Rs 1,0701,140 and Rs 670
720 per kg, respectively.
Kirana: Select spices declined in the national capital during the week under review on stockists selling against slow
down in buying activity at prevailing levels and closed with widespread losses.
Sentiments also turned weak due to lack of demand from overseas buyers, higher carryforward stocks and prospects
of a good monsoon.
Black pepper prices fell by Rs 20 to settle at Rs 430550 per kg on lack of demand from overseas buyers.
Cardamom brown jhundiwali and kanchicut prices fell up to Rs 20 to finish at Rs 1,0001,040 and Rs 1,0401,180
per kg and cardamom small varieties such as chitridar, colour robin, bold and extra bold prices declined by Rs 10
each to close at Rs 640740, Rs 590690, Rs 640690 and Rs 790890 per kg, respectively.
Cloves prices traded lower at Rs 825925 against previous closing of Rs 850950 per kg.
Coriander prices fell by Rs 200 to Rs 7,80011,800 per quintal.
Macered and yellow fell by Rs 10 each to ended at Rs 750800 and Rs 1,1501,250 per kg, respectively.
Nutmeg traded lower at Rs 550650 against previous mark of Rs 560680 per kg.
Poppyseed (Turkey, MPRAJ, Kashmiri) declined by Rs 10 each to conclude at Rs 330355, Rs 350400 and Rs 350
per kg, respectively.

Red chilli prices quoted lower at Rs 6,40011,900 instead of Rs 6,50012,000 per quintal on expectation of strong
crop in the coming year on good rainfall.
Turmeric prices drifted Rs 100 to Rs 6,40011,400 per quintal, as a timely progress of the monsoon rains raised
hopes of better sowing, while higher carry forward stocks.
Jeera common and jeera best quality also fell up to Rs 400 to Rs 13,10013,500 and Rs 17,10017,400 per quintal on
weak local demand and good progress of the monsoon.
In the nonedible section, castorseeds bold opened stable at Rs 3,500, later declined to end at Rs 3,425 from the last
weekends level of Rs 3,500 per 100 kg, showing a fall of Rs 75.
Castor oil commercial also resumed steady at Rs 730, but later eased to close at Rs 715 from its last weekends level of
Rs 730 showing a loss of Rs 15 per 10 kg.
Linseed oil also opened stable at Rs 730, later moved down to end at Rs 725 from its previous weekends level of Rs
730 showing a modest loss of Rs 5 per 10 kg.
Moving to the futures section, Castor seeds for September delivery resumed lower at Rs 3,652 and tanked further to
Rs 3,420 before concluding at Rs 3,426 from last Saturdays closing level of Rs 3,712, showing a sharp fall of Rs 286
per tonne.
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Business Markets
Sensex down 155 points to nearly 3-week low

PTI
Continuing its downward march for the fourth session, the benchmark S&P BSE Sensex on Monday tumbled 155
points to end at a nearly threeweek low of 19,593.28 on the eve of the RBIs monetary policy review.
37,
The index fell on selling in FMCG, PSU, metal and realty stocks, while weak Asian cues amid mixed European
openings also weighed on market sentiment.
The 30share Sensex initially touched a high of 19,751.03 and then declined on weak Asian trends to settle at
19,593.28, a fall of 154.91 points or 0.78 per cent. That was the lowest close since 19,294.12 on July 10.
The National Stock Exchanges Nifty index fell 54.55 points, or 0.93 per cent, to 5,831.65. The SX40 index on the
MCXSX closed at 11,695.58, down 0.81 per cent.
Caution was seen ahead of RBIs monetary policy, said Nidhi Saraswat, a senior research analyst at Bonanza
Portfolio Ltd. RBI has been taking measures to curb rupee weakening against dollar and market has reacted
negatively to it in last few weeks, particularly the ratesensitive stocks being the worst hit.
Fast moving consumer goods giants ITC and Hindustan Unilever, which posted Q1 earnings last week, declined after
their recent rally and together contributed almost 100 points to the Sensex fall.
HDFC Bank, Dr Reddys Laboratories, ONGC, Bharti Airtel, Reliance Industries, SBI, Coal India, Hindalco, Bajaj Auto,
Sterlite Industries, Maruti Suzuki and Tata Steel also closed with losses.
Among the 13 sectoral indices, 10 closed with losses. The BSEIT index was the top gainer after Wipro climbed 6.71
per cent on betterthanexpected Q1 results declared late on Friday and its upbeat revenue guidance for the second
quarter.
The RBIs First Quarter Review of Monetary Policy is scheduled tomorrow. Besides, the US Federal Reserves twoday
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meet on July 30 and 31 on policy led operators and investors to tread cautiously.
Meanwhile, Finance Minister P. Chidambaram said the mandate of a central bank is not only to ensure price stability
but also to promote growth and generate employment.
Speaking in Ahmedabad, the minister said he did not expect commercial banks to hike interest rates.
Most Asian stock markets ended lower with Japanese equities falling as a firm yen further dragged down exporters,
while Chinese shares lost ground amid economic worries. Key indices in China, South Korea, Hong Kong, Japan and
Taiwan dropped by 0.54 per cent to 3.22 per cent, while Singapores Strait Times inched up.
European markets traded mixed, with indices in France and Germany up 0.46 per cent to 0.49 per cent, while UKs
FTSE eased by 0.11 per cent.
In the domestic markets, 20 scrips in the Sensex ended lower. The major losers were Hindalco (4.03 pc), HUL (3.71
pc), Sterlite Ind (3.66 pc), Dr Reddys Lab (3.53 pc), Coal India (3.19 pc), ITC (2.88 pc), ONGC (2.07 pc), Maruti
Suzuki (1.81 pc), HDFC Bank (1.74 pc), Bajaj Auto (1.55 pc), Tata Steel (1.46 pc), SBI (1.18 pc) and BHEL (1.16 pc).
Jindal Steel rose 4.89 pc, followed by Tata Motors (2.14 pc) and Sun Pharma (1.91 pc).
Among the sectoral indices, S&P BSEFMCG dropped 2.67 pc, followed by S&P BSEPSU 1.80 pc, S&P BSEMetal
1.80 pc, S&P BSERealty 1.65 pc, S&P BSEBankex 1.20 pc, S&P BSEOil &Gas 1.16 pc and S&P BSECD 1.06 pc.
The S&P BSEIT moved up 0.77 pc.
The market breadth remained negative, with 1,400 scrips declining, 830 shares gaining and 151 scrips unchanged.
Total turnover dropped to Rs 1,758.93 crore from Fridays Rs 2,100.94 crore.
Meanwhile, foreign institutional investors pumped in Rs 278.04 crore on Friday, according to provisional data with
the stock exchanges.
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Stocks tumble at start of busy week

%\&110RQH\6WDII #&110RQH\-XO\30(7
NEW YORK (CNNMoney)
Investors took a step back Monday ahead of several events later this week that could set the tone for the rest of the summer.
The Dow Jones industrial average lost 0.2%, the S&P 500 and the Nasdaq both fell nearly 0.4%.
Despite news early Monday of corporate mergers totaling $46 billion, investors were reducing their exposure to stocks ahead of
a meeting of Federal Reserve policymakers later this week. The European Central Bank and Bank of England also meet this week.
While the Fed is unlikely to announce any major changes in policy this week, many investors believe the central bank will begin
slowing the pace of its $85 billion-per-month bond-buying program as soon as September.
See what global markets did today
There is also a ton of economic data on tap this week, with a report on second-quarter U.S. gross domestic product and the
government's monthly jobs report.
Investors have been particularly sensitive to economic reports since the Fed has stressed that any tapering of its stimulus
policies will depend on how the recovery progresses.
"The market will look for clues as to the timing of future scaling back of asset purchases," said Bill Stone, chief investment
strategist at PNC Wealth Management.
Meanwhile, some well-known stocks were on the move Monday.
Merger Monday. Canadian retailer Hudson's Bay bought iconic retailer Saks (
owns rival luxury retailer Lord & Taylor.
SKS) in a deal worth $2.9 billion. Hudson's Bay
Omnicom Group ( OMC, Fortune 500) and Publicis Groupe ( PGPEF) announced a $35.1 billion deal to form the world's
largest advertising agency. The news also lifted shares of rival advertising agency, Interpublic Group of Companies ( INPGP).
Click here for data on bonds, commodities and currencies.
U.S. over-the-counter drugmaker Perrigo ( PRGO) announced an $8.6 billion deal for Irish drugmaker Elan ( ELN ), a cash and
stock deal that pays about a 26% premium for Elan shareholders. The Irish company was at the center of an insider trading
scandal involving a former employee of embattled hedge fund SAC Capital.

Deluge of earnings. Mall operator Simon Property ( SPG) and casino owner Wynn Resorts ( WYNN, Fortune 500) both
reported improved quarterly earnings, although Wynn fell short of forecasts while Simon beat estimates.
:\QQFUDSVRXWLQ&KLQD
Rental car company Hertz (
than 2%.
HTZ, Fortune 500) reported results that met analysts' expectations, but shares were down more
CF Industries ( CF, Fortune 500) shares jumped after Dan Loeb's hedge fund, Third Point, disclosed an investment in the
fertilizer company. Loeb's investment in CF Industries boosted shares of rivals Rentech Nitrogen ( RNF), Terra Nitrogen
( TNH) and Agrium ( AGU).
In a letter to investors, Loeb also reportedly renewed his criticism of Sony (
Shares of Intuitive Surgical Inc. (
SNE), in which he holds a 6% stake.
ISRG) gained after the medical robotics company boosted its share repurchase program.
Herbalife ( HLF), the multi-level marketing company that hedge fund manager Bill Ackman has attacked as a pyramid scheme,
reported second-quarter earnings after the closing bell that topped forecasts.
Related: Fear & Greed Index
Best of StockTwits. On any given day, there are always high-profile stocks on the move that traders on StockTwits are talking
about. Here's a look at some of them.
SodaStream ( SODA) shares gained nearly 2% as investors looked ahead to the company's latest earnings report Wednesday.
The stock has had a strong pop this year, rising from about $45 a share to above $75 a share in May. But some traders on say the
stock is too frothy.
investinthebest: $SODA nothing but a bubble if you ask me. want to see 20-30
Facebook ( FB) shares have been on a tear since the social network reported strong quarterly results last week. The stock rose
above $35 a share Monday and is closing in on its IPO price of $38.
jincman: $FB it's getting comfortable over 35 ... look out!
Caterpillar ( CAT, Fortune 500) announced plans to repurchase $1 billion worth of its own stock from French bank Socit
Gnrale, accelerating a $2 billion transaction announced in April. The move comes a few weeks after hedge fund manager Jim
Chanos said he's betting against Caterpillar as the global boom in commodities draws to a close.
For some, the buyback is a sign of weakness, while others say Caterpillar is still a good long-term bet.
timboutillier: $CAT You smell that? Smells like desperation if you ask me.
leopardtrader: Those betting against $CAT at the current levels will be thoroughly whipped in months ahead lol

First Published: July 29, 2013: 9:45 AM ET
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Today's Paper BUSINESS


Stocks fell on Monday on the eve of Reserve Bank of Indias review on monetary policy as interest rate-sensitive stocks
tumbled as the markets expect no change in the policy rates on Tuesday.
The fall was aided by fast moving consumer goods (FMCG) stocks as Hindustan Unilever was no more the favourite of
brokerages.
The S&P BSESensex was down by 154.91 points at 19593.28. The drop in stocks of PSUs and metal, which lost 1.80
per cent each, realty (1.65 per cent), banks (1.20 per cent), oil & gas (1.16 per cent) and consumer durables (1.06 per
cent) also pulled down the Sensex.
On the National Stock Exchange (NSE), the 50-share Nifty closed at 5831.65 with a loss of 54.55 points.
The broader movement suggested that market participants have turned cautious ahead of RBI policy scheduled for
on Tuesday, said Jayant Manglik, President-Retail Research, Religare Securities Limited.
As per the charts, Nifty has corrected almost vertically from the recent top of 6093.35 and now on the verge of testing
target zone of 5800 level but the sudden decline has pushed oscillators in oversold territory which may result in some
technical bounce in near future.
Investors are worried on RBIs measures on Tuesday when it will review its policy. The RBI, which was expected to
ease the monetary policy earlier, tightened easy money to defend the value of the rupee.
Rupee drops
Ahead of the RBIs quarterly monetary policy review, the rupee on Monday snapped three days of gains and closed 37
paise lower, the most in a week, at 59.41 against the dollar.
The currency also declined amid fresh month-end dollar demand from importers and a drop in domestic stocks. A
weak dollar overseas ahead of the U.S. Federal Open Market Committee meeting this week and fresh capital inflows
restricted the rupees fall, a forex dealer said.
At the inter-bank foreign exchange market, the rupee opened lower at 59.10 from the previous close of 59.04.
After touching a high of 59.08, it declined to a low of 59.45 before settling at 59.41, a fall of 37 paise. The rupee last
fell by 37 paise on July 22.
Printable v ersion | Aug 7 , 2 01 3 9:2 4 :3 0 AM | http://www.thehindu.com /today s-paper/tp-business/sensex-sheds-1 55-points/article4 9 6 84 04 .ece
The Hindu
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6HQVH[VKHGVSRLQWV7KH+LQGX


The benchmark S&P BSE Sensex shed 244.94 points or 1.25 per cent at 19348.34 on Tuesday. The fall was led by oil &
gas stocks which lost 3.89 per cent followed by realty (3.60 per cent), power (3.35 per cent) PSUs (3.11 per cent),
automobile (2.06 per cent) and fast moving consumer goods (1.92 per cent).
Except information technology stocks, which gained 0.91 per cent, all other sectoral indices ended in the red.
On the National Stock Exchange (NSE), the 50-share Nifty closed at 5755.05 with a loss of 76.60 points or 1.31 per
cent. Special Correspondent
Printable v ersion | Aug 7 , 2 01 3 9:2 1 :3 1 AM | http://www.thehindu.com /today s-paper/tp-business/sensex-sheds-2 4 5-points/article4 9 7 2 1 6 3 .ece
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Business Markets
Sensex tanks 450 pts to breach 19k mark

PTI
Indian investors become poorer by a whopping Rs 1.37 lakh crore as 7 out of every 10 stocks fall and the rupee hits a record low of
61.80.
37,
The BSE benchmark Sensex on Tuesday plunged 450 points to end below the 19,000-mark after five weeks on massive
all-round selling as the rupee hit a record low of 61.80 against the dollar.
After a lower start, the Sensex dropped 449.22 points, or 2.34 per cent to 18,733.04, its lowest level since June 27.
The loss of 449.22 points today was the steepest since June 20 when Sensex plunged by over 526 points.
Major losers which dragged down the market were ICICI Bank, Yes Bank, Tata Power, Maruti Suzuki, Bajaj Auto,
BHEL, HDFC Ltd., Larsen and Toubro, Reliance Industries, Infosys, Mahindra and Mahindra and Maruti Suzuki.
Across the market, investors became poorer by a whopping Rs 1.37 lakh crore as 7 out of every 10 stocks fell. The
Indian stock market has dropped out of the trillion-dollar club with market capitalisation currently standing at Rs
60.2 lakh crore.
Brokers said the market remained under pressure as the rupee hit a record low of 61.80 against the dollar raising
fears of higher inflation and increase of capital outflows.
They said the falling rupee also raised concerns about more monetary tightening measures which might hurt revenues
of leading companies depending on imports.
The Nifty index on the National Stock Exchange tumbled 143.15 points, or 2.52 per cent, to 5,542.25, led by stocks of
consumer durables, metals, banks and other interest-sensitive sectors.
SX40 index, the flagship index of MCX-SX, closed at 11,125.38, down 303.34 points, or 2.65 per cent.
In 30-BSE index components, 26 stocks fell and three gained while NTPC ended unchanged.
Market sentiment dampened further as a non-index stock of Financial Technologies, the promoter of National Spot
Exchange, tumbled 19.60 per cent to Rs 159.15 following reports that the government is likely to ban trading in eZZZWKHKLQGXFRPEXVLQHVVPDUNHWVVHQVH[WDQNVSWVWREUHDFKNPDUNDUWLFOHHFH"KRPHSDJH WUXH FVV SULQW

6HQVH[WDQNVSWVWREUHDFKNPDUN7KH+LQGX
series contracts on NSEL.

The consumer durables sector index suffered the most by losing 5.55 per cent followed by realty index (4.45 per cent).
Bank index fell by 3.90 per cent and metal index by 3.24 per cent.
Keywords: Indian stock market, Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, forex
market, closing trade
Post Comment
Printable v ersion | Aug 6, 2 01 3 1 0:2 9:2 6 PM | http://www.thehindu.com /business/m arkets/sensex-tanks-4 50-pts-to-breach-1 9k-m ark/article4 9 9 57 6 0.ece
The Hindu
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Stocks in the summer doldrums

%\+LEDK<RXVXI #&110RQH\,QYHVW$XJXVW30(7
NEW YORK (CNNMoney)
Stocks can't escape the August doldrums.

The Dow Jones Industrial Average, the S&P 500, and the Nasdaq declined between 0.6% and 0.7% Tuesday.
But investors are still flying high this year. U.S. stocks have all rallied 18% to 21% so far in 2013.
Taper talk: Chatter about Federal Reserve tapering caused some jitters again Tuesday. Atlanta Fed president Dennis Lockhart
and Chicago Fed president Charles Evans both hinted that the Fed could begin easing its bond buying program as early as next
month.
While speaking to reporters, Evans said he wouldn't rule out the possibility of dialing back the bond program next month, but
reiterated that the Fed's decision is going to depend on economic data and the pace of the recovery.
Evans is a voting member on the Fed's monetary policy committee, while Lockhart is not. But the market has paid attention to
comments from all Fed members recently for clues about the central bank's next move.
The Fed's stimulus policies, including its bond purchase program, known as quantitative easing, have been widely credited as a
major factor in driving stocks higher over the past few years.
What's moving: The vast majority of large U.S.-traded companies have already reported quarterly results, but a few more are
trickling in and generating plenty of buzz among traders on StockTwits.
Shares of Molson Coors Brewing (
beer volume.
TAP) rose, after the brewer reported strong earnings and sales, helped by a 20% jump in
howardlindzon: Guns worked...next up beer ....Molson's coming out of a huge base... might be adding cc @ivanhoff $TAP Bullish
Fossil (
FOSL) stock also rallied on strong earnings.
EricDutram: $FOSL up almost 20% on earnings beat, solid guidance. Death of watches has been greatly exaggerated...

6WRFNVIDOWHULQVXPPHUVORZGRZQ$XJ
Related: Why Buffett didn't buy Washington Post
And shares of Michael Kors (

expectations.
KORS) rose sharply after the luxury retailer reported sales and earnings that blew past
vermut: $KORS cash company is generating exceeds all their investment needs. management says: possibility of stock buyout
and dividend in future Bullish
0LFKDHO.RUVVWRFNVRKRWULJKWQRZ
But it wasn't all good news on the retail front.
mytfine: Did little ole $AEO blow up the retail party?
Shares of American Eagle Outfitters (
to weak demand.
AEO) tumbled after the teen clothing retailer cut its outlook for the current quarter due
Related: Sony shares plummet as board rejects Loeb's plan
DISH Network (
satellites.
DISH, Fortune 500) reported a quarterly loss due to high costs associated with an acquisition of two of its
Click here for more on world markets
In other corporate news, shares of The Washington Post ( WPO) rose after Amazon.com ( AMZN , Fortune 500) founder Jeff
Bezos said he was buying the company's world-renowned newspaper business. Bezos is buying the company's flagship paper -The Washington Post -- and other print properties for $250 million.
BATS exchange temporarily halts orders, resumes: The BATS BZX exchange stopped accepting trader orders for nearly an
hour Tuesday afternoon while it was investigating system issues. The exchange, the nation's third largest after the New York
Stock Exchange and Nasdaq, resumed taking order at 2 p.m. ET.
First Published: August 6, 2013: 9:44 AM ET
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Business Markets

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37,
Stock indices continued their downward spiral on the bourses on Wednesday while the rupee remained weak against
the dollar throughout the trading session.
The S&P BSE Sensex closed at 18664.88, down by 68.16 points. However, some sectoral indices gained smartly. Realty
stocks gained 5.04 per cent followed by metal (3.31 per cent), power (2.82 per cent), oil & gas (2.76 per cent), PSUs
(2.40 per cent), consumer durables (1.04 per cent) and banks (0.51 per cent). Other sectoral indices which ended in
the red included information technology stocks (1.60 per cent), automobiles (1.46 per cent), fast moving consumer
goods (FMCG) (1.37 per cent) and technology (1.16 per cent).
On the National Stock Exchange (NSE), the 50-share Nifty closed at 5519.10 with a loss of 23.15 points. However,
stocks of Financial Technologies (India) Ltd (FTIL) closed up 5.62 per cent at Rs.168.10 on the BSE after the National
Spot Exchange Ltd. (NSEL) disclosed stock positions as on July 31, 2013. NSEL is the wholly-owned subsidiary of
FTIL.
Asian stocks
Asian stock markets closed mostly lower, with the exception of Singapores Straits Times index. Japans Nikkei 225
index dropped 4 per cent after overnight losses in the U.S. on monetary-policy concerns, along with gains for the yen.
European stocks were lower in early trade, with the CAC, DAX and FTSE all down.
trade
Post Comment
Printable v ersion | Aug 8, 2 01 3 5:50:52 AM | http://www.thehindu.com /business/m arkets/sensex-drops-6 8-points/article499862 5.ece
The Hindu

6WRFNVIDOOIRUUGGD\RQ)HGXQFHUWDLQW\$XJ
Stocks down for third straight day

NEW YORK (CNNMoney)
Tapering fears are back. Stocks finished in the red Wednesday amid new talk that the Federal Reserve may soon begin to slow
the pace of its controversial asset purchases.
The Dow Jones industrial average and S&P 500 declined for a third day. It appears that statements from Chicago Fed president
Charles Evans and Atlanta Fed president Dennis Lockhart on Tuesday about the Fed possibly pulling back on, or tapering, its
bond purchases as soon as next month continued to spook investors. The Nasdaq slipped as well.
The prospect of the Fed cutting back on its massive quantitative easing campaign, which has helped push U.S. stocks to record
highs, had investors feeling "uneasy," according to Ishaq Siddiqi, a market strategist at ETX Capital in London. And since Evans is
both a well-known Fed dove and a member of the central bank's policy committee this year, the comments are particularly
unnerving for traders.
Despite this week's sell-off, the Dow and S&P 500 are only down a little over 1% from the all-time highs reached on Friday. And
all three indexes are still up between 18% to 21% so far this year.
Related: Fear & Greed Index languishes in neutral
What's moving: Earnings continue to roll in Wednesday. CNNMoney parent Time Warner ( TWX, Fortune 500) raised its
guidance and reported a 25% jump in operating income, helped by strong revenue from movie blockbusters like "Man of Steel"
and television shows like HBO's "Game of Thrones" and "Girls.
AOL ( AOL) reported earnings and sales that beat estimates, and announced plans to buy video ad start-up Adap.tv for $405
million. The acquisition generated plenty of buzz among traders on StockTwits.
ESCapAdv: $AOL makes a video buy with Adap.TV for $400 million in cash and stock. Is AOL resurrected?
EricSteiman: $AOL Buys Adap.tv. Wouldn't be shocked to see $YHOO making a video play near term

$2/EHWVELJRQYLGHR
Zillow ( Z) shares tumbled after the real estate website company swung to a second-quarter loss. But Zillow's stock has been
on a tear in 2013. Shares are up 200% year-to-date, as investors bet on a housing recovery. Since early July alone, shares have
rallied 50%.
jfahmy: Zillow is a classic example of "buy the rumor, sell the news," as the stock ran over +50% ahead of its earnings $Z
World markets also in decline
First Solar ( FSLR)shares plunged a day after the solar panel maker widely missed analysts' estimates for both profit and
revenue. First Solar also trimmed its outlook. Shares of rival Solar Cit ( SCTY)y also tumbled, but traders were quick to not the
differences between the two.
Tenaciousvalor: $SCTY business model is completely different from $FSLR. They're operating at full capacity. Business is
booming. I this for a fact! BULLISH
StarPower: I hate $FSLR. Always dragging $SCTY with it. Different companies. SCTY is much better hedged, no comparison.
Solar City, which is chaired by Tesla CEO Elon Musk, reported better-than-expected earnings after the closing bell, sending
shares higher in after-hours trading.
Tesla Motors (
after hours.
TSLA) also topped forecasts. The company reported a surprise profits and shares jumped to a new all-time high
Groupon ( GRPN) shares soared after hours. The daily deals company posted sales that topped forecasts and announced a
share buyback program.
But Green Mountain Coffee Roasters (
GMCR) sales figures fell short of expectations, and shares sunk after hours.
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Stocks finish the week lower

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NEW YORK (CNNMoney)
The bull must be on summer vacation. Stocks ended the week with losses.
The Dow Jones Industrial Average, the S&P 500, and the Nasdaq all fell Friday. The Dow dropped more than 100 points at one
point in mid-day trading before recovering a bit. But there did not appear to be a clear reason for the sell-off.
Stock market trading is typically muted in August.
But even with the major indexes all shedding about 1% this week, the market hasn't lost all that much momentum. Stocks have
still gained between 18% and 23% in 2013.
Can Priceline top $1,000? Even though the broader market wasn't doing much, there were several high-profile stocks on the
move. Priceline.com ( PCLN) shares moved closer to $1,000. The online travel company posted quarterly earnings Thursday
that beat expectations.

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Traders on StockTwits see room for quick profits in the online travel company.
Zubair84: $PCLN Thanks to Mr.Shatner for making me one day closer to retirement..i should retire after this sick run lol
howardlindzon: Standing Ovation for Priceline and it's long term shareholders...outstanding - unsung internet hero $PCLN
http://stks.co/rO3C"
J.C. Penney ( JCP, Fortune 500) shares fell more than 7%, one day after gaining 7%. Activist investor Bill Ackman wants a new
CEO, and in a letter, stated how worried he is about the health of the company.
Traders are terrified about the retailer's prospects.
tuberdr11: $JCP YOU MUST READ THIS. This company is in serious, serious trouble by the sound of this letter. Ive never seen
this http://stks.co/deBP
Harvey_s: $JCP The bottom callers always get screwed because things can actually go lower than you may realize , faster than
you can imagine
Related: Fear & Greed Index, still idling in neutral
Shares of BlackBerry (
take it private.
BBRY) surged, after Reuters reported that the Canadian smartphone company is looking for a buyer to
Still not everyone was sure that the BlackBerry rally had staying power.
flowerpoweredQE2infinity: $BBRY while i agree their assets are worth $15/share, the fact that they mentioned they're open 2
a buyout means it won't happen
dragenn: $BBRY This will sell off over the next couple of days. Sell side pressure hasnt stopped. I doubt It'll hold high into next
week.
On the international stage, both European markets and Asian stocks moved slightly higher.
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Dow drops 225 points

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NEW YORK (CNNMoney)
The Dow dropped 225 points Thursday, its biggest loss in almost two months.
U.S. stocks were dragged down by disappointing earnings from Wal-Mart and Cisco, which outweighed more encouraging
economic news.
The Dow Jones industrial average, S&P 500 and Nasdaq all fell by more than 1.4%.
Wal-Mart (
WMT, Fortune 500)reported lower-than-expected second-quarter U.S. sales early Thursday.
That report came on the heels of news from Cisco ( CSCO, Fortune 500) that sent its shares plunging. The network equipment
maker revealed plans to cut 4,000 jobs, citing difficult economic conditions.
And on a day when the broader market sell-off was the big story, it's worth noting that the exchange-traded fund for the S&P
500 ( SPY) was one of the top-trending tickers on StockTwits. Traders had a lot to say about stocks and a possible market
correction on the horizon.
theoptiondon: $SPY under 167 could be recipe for a mini crash to 160 Bearish
PatrickCANo1: $SPY Right about now there are 1,000 mgrs on vacation calling in sell orders Bearish
Markets in Europe and Asia closed in the red as well. But gold prices jumped. The metal often spikes in times of market turmoil
as investors view it to be a safer bet in uncertain times. But prices have been down sharply this year and several well-known
hedge fund managers have lowered their exposure to the metal.
Related: Fear & Greed Index shows fear is back
On the economic front, the U.S. government said jobless claims dropped by more than expected to 320,000, a decrease of 15,000
from the previous week's revised figure. The Labor Department said the consumer price index rose 0.2%, in line with
expectations. CPI is a key gauge of inflation.
Investors continue to look for more clues on when the Federal Reserve will start to tighten monetary policy.
Chris Beauchamp, analyst with IG in London, said investors are still nervous about whether or not the Fed will begin to pull back

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on, or taper, its bond-buying program next month.

Along those lines, the yield on the 10-year Treasury bonds jumped to a two-year high. This may be a sign that investors are
expecting the Fed to scale back its stimulus efforts sooner rather than later.
Related: China's underdog market surges
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In other corporate news, J.C. Penney ( JCP, Fortune 500) shares rose after investment manager George Soros revealed the
size of his stake in the embattled retailer.
Shares rose for Kohl's ( KSS, Fortune 500) after the company reported a second quarter jump in revenue, despite a drop profit.
The retailer also lowered its earnings forecast for the full year.
Shares of Gannett ( GCI, Fortune 500) slid after Berkshire Hathaway ( BRKA, Fortune 500), the investment firm run by
billionaire Warren Buffett, unloaded its shares of the newspaper giant. Berkshire disclosed its holdings in a quarterly filing with
the Securities and Exchange Commission, which was released Thursday.
Berkshire bought shares of Dish Network ( DISH, Fortune 500), and Suncor Energy (
General Motors ( GM, Fortune 500) in the second quarter.
SU) and ramped up its ownership of
Shares of Smith & Wesson ( SWHC) fell more than 8% after KeyBanc Capital Markets downgraded the gun manufacturer's
stock from Buy to Hold. But one trader on StockTwits felt the drop in price was unjustified.
zackisherenow: $SWHC 500 shares at 11.25 and 500 shares at 10.99. Got 2500 shares now at an avg of 11.68. This is THE
biggest overreaction of the year. Bullish
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A benchmark index of Indian equities markets on Friday closed 750 points after falling over 807 points during the
day as the rupee fell to a record low of 62 per dollar amid heavy selling by foreign funds.
The 30-scrip sensitive index (Sensex) of the S&P BSE, which opened at 19,297.11 points, closed (provisional) at
18,618.20 points, down 749.39 points or 3.87 percent from Wednesdays close at 19,367.59 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) closed Fridays trade at 225.35 points or 3.92 percent
down at 5,516.95 points (provisional).
The Sensex touched a high of 19,310.95 points and a low of 18,559.65.
The S&P BSE Bank index index tanked 622.62 points, consumer durables index fell 548.28 points, metal index
tumbled 451.20 points, oil and gas index slid 402.45 points and capital goods dipped 394.96 points.
The other losers included PSU index which went down 259.22 points, automobile index which dropped 256.85 points,
FMCG slid 254.29 points and FMCG index plunged 179.39 points.
Stocks of banks, consumer durables, oil and gas, capital goods, metal, automobile, public sector undertakings (PSU)
and fast moving consumer goods (FMCG) saw heavy selling.
The huge selling pressure in the stock markets was created by the high demand for the US currency.
Recent industrial and employment data from the US and some major European economies like France and Germany
has shown significant improvement, making these markets more attractive than India.
The creation of more jobs in the US may translate into an early end to the US stimulus programme, which earlier led
the US Federal Reserve to end its bond-buying programme.
The partially convertible rupee slipped to a new record low of 62.03 against the dollar at inter-bank foreign exchange
market here, surpassing its previous record low of 61.80 of Aug 6.
The markets were closed Thursday Independence Day.
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Stocks drop for 2nd straight week

NEW YORK (CNNMoney)
Stocks fell for a second consecutive week, with the Dow and S&P 500 dropping more than 2%. While losses like this have been
rare so far this year, it's pretty typical during the dog days of August.
The Dow Jones industrial average, the S&P 500 and the Nasdaq were just slightly lower Friday, but the pain of Thursday's big
sell-off still lingered.
Despite two down weeks, the major indexes remain between 15% and 20% higher for the year. But future gains may be hard to
come by as investors worry about the Fed and the broader economy.
Bond yields spike on Fed jitters: Questions about the Federal Reserve's next move remain unanswered. Many traders think the
Fed will start to taper its $85 billion in monthly bond buying sooner rather than later.
There are also concerns that other central banks around the world, including the Bank of England, will begin to raise rates soon.
Those worries have put pressure on stocks and pushed the yield on the 10-year Treasury to 2.83%, the highest in two years, from
2.6% at the start of the week.
Are consumers still spending? Investors are also growing nervous about the health of the consumer in light of weak earnings
from a number of retailers.
Nordstrom ( JWN, Fortune 500) was the latest to disappoint. The upscale department store's revenue came in short of
forecasts and it also offered weak guidance for the remainder of the year, sending shares nearly 5% lower.
Earlier in the week, Wal-Mart, ( WMT, Fortune 500) Macy's (
lackluster results and tepid outlooks.
M, Fortune 500) and Kohl's (
KSS, Fortune 500) reported
The weakness among retailers was a hot topic among traders on StockTwits, who wondered what it could mean for other
companies, including credit card giants Visa ( V, Fortune 500) and MasterCard ( MA, Fortune 500).
jf4533: $JWN confirms what $WMT and $M have been telling us already... consumer is not buying. ominous for Holiday sell
season, and $SPY too.
flounder: If consumer spending is as bad as what $WMT $TGT $M $JWN say, then $MA and $V may be too stretched here.

#Cautious
Related: Fear is back in the market
Also on the earnings front, Dell ( DELL, Fortune 500) reported solid quarterly results after the close Thursday, but shares
traded lower Friday. The company's future is still in limbo. Founder Michael Dell wants to take it private, but hedge fund
manager Carl Icahn has put up a fight.
bogdanryabyy: Wonder what Ichan will do with $DELL in the future? All I know is not to bet against Ichan and his track record.
Pandora ( P) shares moved higher after Goldman Sachs upgraded the stock to buy from neutral due to rising advertising and
subscription revenue. Traders had mixed feelings about the upgrade.
almostatrader: $P music to my ears!
PTSD_Trader: I want $P in my portfolio at some point, but a $GS upgrade is the kiss of death. :)
UltraGwenn: $P one thing i've learned in life is, when $GS pumps, i short Bearish.
3HRSOHVWLOOXVH3DQGRUD"$SSDUHQWO\
J.C. Penney ( JCP, Fortune 500) shares were down again Friday after the retailer announced it has reached an agreement with
former board member and its largest shareholder Bill Ackman that will allow the activist investor to sell his stake in the
company.
What the heck happened in China? Asian markets went on a wild ride, triggered by a possible trading error in Shanghai that
sent China's marquee index soaring before momentum reversed. The Shanghai Composite index ended with a 0.6% loss. Stocks
in Hong Kong were flat and Japan's Nikkei fell.
Meanwhile, European markets bucked the recent downturn and finished higher.
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Business Markets
Rupee woes continue, Sensex plunges 291 points

IANS
$EURNHUUHDFWVZKLOHZDWFKLQJWKHGRZQIDOORIVWRFNVDW%RPED\6WRFN([FKDQJHLQ0XPEDL)LOHSKRWR
37,
A fresh record low for rupee on Monday rattled stock markets once again with benchmark BSE Sensex tumbling by
291 points to end at over 4-month low of 18,307.52 as heavy FII selling in shares of banks, auto, pharma and FMCG
eroded a staggering Rs 1 lakh crore in investor wealth.
The rupee touched all-time low of 62.81 against the dollar despite a number of steps from RBI to curb the currency
free-fall. Also, weakness in global markets and speculation over the US rolling back its economic stimulus package as
early as next month worsened the sentiment.
After Fridays 769-point crash -- the worst fall in 4 years -- the 30-share index on Monday opened flat at 18,587.38.
Increasing selling pressure brought Sensex down to intra-day low of 18139.15, down over 459 points. A marginal
recovery lifted the Sensex but it still closed 290.66 points, or 1.56 per cent, down at 18,307.52. This is its worst closing
since 18,242.56 on April 12.
No respite has been seen today despite assurance from the government that situation of 1991 shall not be repeated
and condition is not worse. Banking and Auto stocks led the fall today, said Nidhi Saraswat, Senior Research Analyst,
Bonanza Portfolio Ltd.
Analysts said there was no heavy bottom-fishing in the markets even though stocks have become relatively cheaper in
valuations over the last few sessions.
Similarly, NSE benchmark CNX Nifty closed at 5,414.75, down 93.10 points or 1.69 per cent. Also, SX40 index, the
flagship index of MCXSX, closed down 201.76 points, or 1.82 per cent, at 10,881.76.
ICICI Bank and SBI shares led losses in banks on concerns over mark-to-market losses on banks portfolios, brokers
said.
Bucking the weak trend, software exporting companies led by Infosys rose over one per cent on hopes the fall in rupee
would improve their revenues. IT companies get over 60 per cent of their revenues from global markets.
To curb dollar outflows, RBI on August 14 announced stern measures, including curbs on Indian firms investing
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abroad and on outward remittances by resident Indians.

Keywords: BSE, NSE, Sensex, Nifty, profit-booking, Asian stocks, stock market
Post Comment
Printable v ersion | Aug 1 9 , 2 01 3 9:3 8:3 7 PM | http://www.thehindu.com /business/m arkets/rupee-woes-continue-sensex-plunges-2 91 -points/article503 7 53 2 .ece
The Hindu
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Business Markets
Sensex trims early losses, ends 61 points lower

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37,
As rupee remains weak
The S&P BSE benchmark Sensex on Tuesday trimmed early losses on some buying after the index slipped below
18,000-level but still closed 61 points down, extending the downtrend to the third day, as the rupee remained weak.
The 30-share index slumped to 17970.98, down nearly 337 points, after rupee breached the 64-level against dollar,
However, buying by funds in beaten down shares helped the Sensex end at 18,246.04, down 61.48 points or 0.34 per
cent.
In three days, the index has lost over 1,100 points.
On similar lines, the National Stock Exchange index Nifty ended 13.30 points, or 0.25 per cent, lower at 5,401.45,
after dipping to 5,306.35. Also, SX40 index, the flagship index of MCX-SX, closed at 10829.76 with a loss of 52
points.
The fag-end buying in banking, realty and metal sector stocks helped the market to minimise losses, where as rupee
falling to record low levels and weakening global markets continued to influence the trading sentiment, said brokers.
The rupee hit yet another all-time low of 64.11/12 per dollar in intra-day trade.
In Sensex components, 16 stocks declined while 14 stocks ended with gains. The consumer durable sector index
suffered the most by falling 3.54 per cent to 5,568.05, followed by auto sector index by 2.26 per cent to 10,055.58,
among others.
Market sentiment was further hurt on weakening Asia and lower opening in Europe on speculation that the US
Federal Reserve will soon start to scale back stimulus programme.
Emerging-market stocks fell the most in six weeks as Indonesias record current-account gap and Thailands recession
heightened fears that capital outflows will rise.
Keywords: sensex, rupee fall
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Business Markets
Sensex falls 340 points to nearly 1-year low

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37,
Wiping off initial gains, the BSE benchmark Sensex on Wednesday dipped below 18,000 level after a gap of nearly one
year and closed with a 340-point loss in step with the rupee hitting a new low amid rising fears that US Fed will
rollback its economic stimulus soon.
Investors lost another Rs 1 lakh crore in Wednesdays trade after markets started tumbling after noon.
Enthused by RBIs overnight measures to ease liquidity situation, the Sensex had begun the day on a positive note and
jumped over 321 points to 18,567.70.
However, as rupee started its southward journey, stocks fell. Led by losses in metal, oil&gas, FMCG and heathcare
stocks, Sensex plunged by 340.13, or 1.85 per cent, to 17,905.91 a level last seen on September 11, 2012.
The Sensex has now lost over 1461.13 points in 4 days.
On similar lines, the broad-based National Stock Exchange index, Nifty, dropped by 98.90 points, or 1.83 per cent to
5,302.55 as companies having exposure to overseas markets such as IT and pharma suffered losses.
Also, SX40 index, the flagship index of MCX-SX closed at 10,618.44, down 211.32 points or 1.95 per cent.
As the market remained in bear-grip, 25 of Sensex stocks closed with losses. IT shares led by Infosys, TCS and Wipro
were among losers on profit-booking after recent gains.
Brokers said market sentiment dampened as government efforts failed to revive the free-fall in rupee which went past
64.5 in intra-day trade on increased capital outflows.
They said world stock markets remaining choppy as traders waited for hints from the US central bank about when it
might begin to reduce its massive stimulus effort in the soon-to-be-released minutes of its July meeting.
Overseas funds sold a net USD 105 million of local shares in the previous session, the most since July 12, paring this
years inflow to USD 12.4 billion.
Keywords: Sensex, BSE, Nifty, NSE, Indian stock markets
Post Comment
Printable v ersion | Aug 2 2 , 2 01 3 4 :1 8:4 5 AM | http://www.thehindu.com /business/m arkets/sensex-falls-3 4 0-points-to-nearly -1 y ear-low/article504 4 2 2 3 .ece
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Fed confusion leads to 6th straight loss for Dow

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Click chart for more market data
NEW YORK (CNNMoney)
On a volatile trading day, the release of the Federal Reserve's minutes pushed U.S. stocks lower Wednesday.
The Dow Jones industrial average fell more than 100 points. It was the Dow's sixth straight day of declines, its worst losing
streak in more than a year. The S&P 500 and Nasdaq also limped into the close and finished the day lower. Both of those indexes
had been in positive territory in late afternoon trading.
Investors had hoped the minutes from the Fed's latest meeting would answer questions about when the central bank would
start to pull back on its bond purchases. They didn't.
The Fed essentially said that it is still looking for continued improvement in the job market, and hinted it may not yet ready to
taper its bond-buying program.
Bond investors did not seem so happy though. The 10-year Treasury yield increased to 2.9% as bond selling picked up following
the minutes.
Investors will now be closely watching the August unemployment numbers, due out on September 6th, for any indication of
improvement in the labor market. Stronger jobs numbers could prove to be a catalyst for the tapering of the stimulus markets
have come to depend on.
Related: Fear & Greed Index driven by FEAR
Home improvement retailers show improvement: Looking at individual stocks on the move, Lowe's ( LOW, Fortune 500)
announced that its quarterly sales and profit rose from a year earlier. The strong results from the home improvement retailer
come a day after rival Home Depot ( HD, Fortune 500) also issued an upbeat outlook thanks to the continued recovery in the
housing market. In another positive sign for housing, existing home sales rose 6.5% in July from the prior month.
Traders on StockTwits liked what they saw at Lowe's.
retail_guru: Pleasing to see Lowe's deliver for once. Sales strong, unsurprisingly tad less than Depot, but margin performance
stronger $LOW $HD
EricSteiman: $LOW shows you that housing restoration is growing

)HGPLQXWHVGRQ
The retail losers: Target ( TGT, Fortune 500) shares fell even after the retailer announced significant year-over-year gains in
sales. Traders seemed worried about slowing sales growth and a more tepid outlook for consumer spending.
FinancialJuice: Target $TGT CFO says sees FY US same-store sales up only about 1% vs. Prev. view of 2-2.5%
tradersfly: $TGT - toast as well - continues the downward run... http://stks.co/ji5T
Shares of Staples ( SPLS, Fortune 500) dropped more than 15% after the office supply retailer reported lower quarterly sales
and profit compared to the prior year. The CEO blamed the declines on weakness in retail stores and said the company was
working to ramp up its online sales.
Two other niche retailers, teen apparel seller American Eagle Outfitters ( AEO)and pet supply retailer PetSmart (
Fortune 500)also disappointed investors. But some thought the sell-off in PetSmart may be overdone.
PETM,
scheplick: i cant decide what report looks uglier: $AEO or $SPLS ... but i believe that $SPLS has more potential for a turnaround.
$AEO is a dead brand
ClintonSPX: 2 stores next to each other in my neighborhood $SPLS usually empty and $PETM usually busy $SPY
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Hewlett-Packard ( HPQ, Fortune 500) reported its latest earnings after the closing bell. Sales and profits were mostly in line
with forecasts. But the stock fell in after-hours trading. The PC and printer giant is this year's best performer in the Dow as
investors have embraced the turnaround strategy of CEO Meg Whitman.
Related: Indian stocks plunge 11% in a month
World markets: Stocks in India continued to slide. The Mumbai Sensex has fallen by roughly 7% over the past four trading
sessions and the country's currency hit fresh lows versus the U.S. dollar this week. Policymakers have taken some steps to
defend the rupee, but some analysts argue more must be done.
European markets were slightly down at closing, while Asian markets ended with mixed results.
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Stocks slump on Syria fears

NEW YORK (CNNMoney)
Fears over a possible U.S. military strike against Syria spooked investors Tuesday.
The Dow Jones Industrial Average and the S&P 500 fell more than 1% while the Nasdaq dropped more than 2%. The sell-off
accelerated as the day progressed and the markets finished near their lows of the day. Global markets also closed lower.
Investors moved into assets deemed "safe," pushing up the prices of gold and U.S. and German government bonds. Oil prices
also surged 3%.
Still, the drop in stocks came during a light day of trading in the late August doldrums. Major U.S. indexes remain up between
13% and 19% in 2013.
Investors have reason to worry about the stability of the Middle East. They have become increasingly concerned that the U.S.
and its allies are preparing for military action against Syria. Secretary of State John Kerry said Monday that evidence "strongly
indicates" chemical weapons were used in Syria.
Related: Military strikes likely response?
Russ Koesterich, chief investment strategist for BlackRock, called the Middle East one of the most overlooked risks for
investors. If issues escalate throughout the region and push oil prices significantly higher, the already fragile economic recovery
could be compromised.
Home prices keep rising: Syria was dominating the headlines. But U.S. investors got more good news about the housing market.
Prices for homes in the nation's 20 largest cities in June rose 12.1% over the last year. That was down slightly from the previous
month, but still shows that housing continues to rebound.
Related: Fear & Greed Index shows Extreme Fear
Retail rout: Shares of jewelry retailer Tiffany & Co ( TIF) initially rose on better-than-expected quarterly results, but then
closed lower as investors worried about slowing U.S. sales.

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Traders on StockTwits were confused as to the trajectory.
BullsOnParade: $TIF wait, they beat earnings right
AskSlim: $TIF good earnings and guidance. But it gives a top warning- I'm short here.
Shares of electronics retailer Best Buy ( BBY, Fortune 500) fell after its founder Richard Schulze announced that he would
begin selling his stake in the retailer in October. Schulze attempted to take Best Buy private last year but was rebuffed by the
board.
Still as traders on StockTwits noted, it's been a big winner this year, surging nearly 200% year-to-date. Even with Tuesday's
slide, the stock was trading around $35 -- not far from its 52-week high.
Heisenberg: $BBY darling of Wall St 2013
candiswave: $BBY She looks like she wants 40's soon.
Is the Ackman exodus a good thing? Shares in struggling department store operator J.C. Penney ( JCP, Fortune 500) were up
more than 3% at one point Tuesday following the news that activist shareholder Bill Ackman sold his entire stake of more than
39 million shares. But as the day progressed, shares of the retailer dipped with the rest of the market.
Traders on StockTwits at first though Ackman's exit was a good thing. And one joked about the other investment that has hurt
Ackman this year: his bearish bet on nutritional supplement company Herbalife ( HLF). That stock has nearly doubled this
year.
MeanMrMustard: $JCP You knew this bounce was coming after Ackman couldn't bring it down.
MercenaryJack: Ackman loses $504 million on $JCP http://stks.co/dgLk Tell you what, dude knows how to go big. Another big
one lurking? Ahem $HLF cough
No more Facebook Forty: Facebook ( FB) has been surging lately due to optimism about growth in mobile users and
advertising. But the social media company's stock dropped 4% Tuesday. Facebook closed below $40 -- a recent milestone.
Facebook hit that price on its first day of trading and hadn't been back there until late last week.
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Business Markets
Stocks tumble as rupee hits record low

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The rupee slumped yet again to find a fresh depth beyond 66 a dollar on Tuesday, triggering a collapse in stock
markets.
After tumbling to 66.30, the rupee closed at 66.24/25 a dollar. The Indian currency had closed at 64.30/31 on
Monday.
As the rupee dived stocks tanked nearly 600 points on the Bombay Stock Exchange.
The combined effect of the rupee and market fall saw yields on government bonds rise sharply. The benchmark 10year bond yield jumped by 44 basis points to 8.78 per cent, its biggest rise since the Reserve Bank of India unveiled its
liquidity-tightening exercise on July 15. The bond prices have fallen despite the RBI announcing on Monday that it
would buy $1.24 billion worth of government bonds on August 30 through an open market operation.
A depreciated rupee also sent the price of pure gold of 99.5 per cent purity shot up by Rs.820 to a record high of
Rs.32,585 per 10 gram on the Mumbai bullion market. Pure gold of 99.9 per cent purity spurted by Rs.810 to close at
Rs.32,730 per 10 gram. Silver ready rose by Rs.1,940 to finish at Rs.56,670 a kg in Mumbai.
A combination of external and internal factors has done in the rupee. If an imminent western intervention in Syria
sent currencies across Asia hurtling down against the greenback, the passage of a $20 billion plan to provide cheap
grains to the poor by the Lok Sabha on Monday escalated concerns over the ability of the government to control the
rising fiscal deficit. All these hurt rupee, and, as a consequence, the stock markets.
The S&P BSE Sensex closed at 17968.08 with a sharp fall of 590.05 points or 3.18 per cent.
Except information technology stocks, which gained marginally by 0.16 per cent, all other sectoral indices ended in
the red.
Bank stocks were the worst hit with a fall of 5.34 per cent followed by capital goods (4.71 per cent), power (4.51 per
cent), realty (3.95 per cent), PSUs (3.80 per cent), metal (3.52 per cent), fast-moving consumer goods (2.99 per cent),
and automobiles (2.59 per cent).
The Nifty index of National Stock Exchange (NSE), too, dropped by 189.05 points or 3.45 per cent to close at 5287.45.
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With the Lok Sabha giving its approval to provide cheap grains to the poor, there are concerns that Indias fiscal
deficit will balloon further, said Amar Ambani Head of Research India Infoline (IIFL).
Already, the economy was reeling under the impact of a cut in Plan expenditure to contain fiscal deficit. Now, any
spending on food close to the election time will make matters worse for a fiscal deficit, he added.
Selling pressure accentuated fiercely after the rupee tumbled to breach the 66-mark against the dollar. Although
these werent enough, Fitch Ratings has also warned of a downgrade if the country is unable to meet fiscal deficit
target, pointed out Mr. Ambani.
The strength of the dollar is wreaking havoc on the Indian markets. This is even after the government has taken a
steadfast approach to approving infrastructure projects worth Rs.1.83 lakh crore. We expect the market to be rangebound at current levels, said Shrinivas Viswanath, Cofounder, RKSV, a leading broking firm.
Keywords: inter-bank foreign exchange, rupee-dollar trade, forex market, closing trade, NIFTY, NSE
View comment(1)Post Comment
Printable v ersion | Aug 2 8, 2 01 3 4 :2 9 :4 3 AM | http://www.thehindu.com /business/m arkets/stocks-tum ble-as-rupee-hits-record-low/article506 4 03 3 .ece
The Hindu
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Business Markets
Sensex crashes 590 points

PTI
Snapping a three-day rising streak, the BSE benchmark Sensex on Tuesday plunged over 590 points to end below
18,000-level as the rupee nosedived to 66-mark against dollar and concerns related to governments fiscal burden
after the passage of Food Security Bill weighed on sentiment.
Investors lost a whopping Rs 1.7 lakh crore in wealth as across-the-board selling saw over 1,500 stocks closing in red.
Banks, capital goods, power and realty were among the hardest hit as investors pulled out money from blue-chips.
The 30-share Sensex, which had gained 652 points in past three sessions, tumbled by 590.05 points, or 3.18 per cent
to 17,968.08, a level last seen on August 21.
On similar lines, the broad-based National Stock Exchange index Nifty fell below a crucial 5300 level by dropping
189.05 points, or 3.45 per cent to 5,287.45. SX40 index, the flagship index of MCX-SX, closed 391.41 points or 3.55
per cent down at 10629.77.
Brokers said with the rupee hitting a new record low of 66 per dollar in intra-day trade, market participants resorted
to panic selling on concerns over increased capital outflows.
The selling pressure gathered momentum on worries that the Food Security plan would worsen governments fiscal
burden while a weakening global trend on growing tension in Syria and surging oil prices also weighed, brokers
added.
In 30-share Sensex pack, 27 stocks fell. HDFC Ltd dropped 7.70 per cent to Rs 686.86, HDFC Bank by 8.04 per cent to
Rs 560.90, SBI by 2.40 per cent to Rs 1,519.90 and ICICI Bank by 3.26 per cent to Rs 803.30.
Among others, Reliance Industries, Sun Pharma, ONGC, NTPC, Maruti Suzuki, Mahindra and Mahindra, BHEL,
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Larsen and Toubro, Bharti Airtel, ITC, Coal India and Hindal suffered heavy losses.
Bucking the general weak trend, stocks of software exporting companies led by Infosys and Tata Consultancy gained
on hopes the strong rupee would boost their revenues.
The banking index suffered the most by losing 5.34 per cent to 10,108.72 followed by capital goods by 4.71 per cent to
6,980.68. Power index fell by 4.51 per cent to 1,355.43 and realty index by 3.95 per cent to 1,186.88.
Printable version | Aug 28, 2013 3:18:45 PM | http://www.thehindu.com/business/markets/sensex-crashes-590points/article5064047.ece
The Hindu
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Investors say good riddance to August

NEW YORK (CNNMoney)
Is it September yet?
Investors said goodbye to a brutal August, the cruelest month for stocks during an otherwise sunny 2013.
The Dow Jones Industrial Average and the S&P 500 lost between 3% and 4.5% this month. But they are still up between 13%
and 15% for the year.
The Nasdaq held up better in August, dropping only 1%. The tech-heavy index has gained nearly 19% year-to-date.
Speculation that the Federal Reserve may cut back on, or taper, its monthly bond purchases as soon as September has made
investors nervous.
August has been painful outside of the U.S. too -- and particularly for emerging markets. India's Sensex and Mexico's Bolsa both
lost nearly 4% in August. Brazil's Bovespa index moved up nearly 4% but trading has been extremely volatile. The Fed tapering
talk has caused foreign investors to flee emerging markets.
Japan's Nikkei index and Britain's FTSE index are both down roughly 2% in August.
China has been a rare bright spot on the global landscape. The Shanghai Composite was up 5% in August, while the tech-heavy
Shenzhen index (kind of like China's Nasdaq) rose nearly 6%.
Click here for more on world markets
All three U.S. stock indexes closed lower Friday and ended the week down nearly 2%.
Volume was been low all week, which is typical for late August. The U.S. markets will be closed Monday for Labor Day.
Investors kept a close eye on the Middle East. The threat of a U.S.-led military strike on Syria dominated the headlines earlier
this week, pushing stocks lower and oil and gold higher.
Actions on Syria do not appear imminent, but investors are watching the situation closely. On Friday afternoon, President

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Obama said the U.S. is considering a wide range of possible options.

What's moving: Salesforce.com ( CRM)shares shot up after the cloud-based software company reported better-thanexpected quarterly sales and earnings Thursday afternoon.
Most StockTwits traders were happy to be on the right side of the Salesforce bet, i.e. not shorting the stock.
investorsmosaic: Very glad that my rule of never shorting $CRM is in effect in perpetuity. Despite it's insanely high valuation.
howardlindzon: congrats Salesforce Employees "@StockTwits: Big Breakout in $CRM this morning, leading all top-trending
tickers. http://stks.co/fjPB $CRM
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Killed by the cronut? Krispy Kreme (
its full-year guidance Thursday.
KKD) shares dove 15% after the doughnut maker missed earnings estimates and lowered
Still the stock has more than doubled in 2013. Some traders on StockTwits remain optimistic about Krispy Kreme.
SPEWHEFNER: $KKD will be fine. Earnings were not that bad. Blame analysts for setting higher than necessary expectations. I
see this bouncing back.
nickndfl: $KKD I like the original glazed. Good stores in Daytona and Ft. Lauderdale. Just watching the stock go lean.
Related: Fear & Greed Index shows Extreme Fear
Shares of energy producer Apache ( APA, Fortune 500) soared after it announced it was selling a 33% stake of its oil and gas
holdings in Egypt to China's Sinopec ( SHI) for $3.1 billion.
Traders on StockTwits liked everything about the deal.
ESCapAdv: $APA surprises analysts with impressive price in Egypt asset sale
teddyballgame: $APA finally doing the right thing and spreading some Egyptian risk to China. About time!
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Business Markets
Stocks tumble on Syria factor

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RBI intervention helps rupee recover from lows
The worsening domestic macro-economic situation and the war tensions in the Middle East pulled down stock indices
around 3.5 per cent while the rupee slid below 68 to the U.S. dollar on news that Standard & Poors is considering a
downgrade of Indias credit rating which would position it only higher than Indonesia.
The Bombay Stock Exchange (BSE) 30-Share Sensitive Index (Sensex) dipped by 651.47 points or 3.45 per cent to
close at 18,234.66.
The worst affected were: banking stocks which lost 5.06 per cent, followed by consumer durables (4.61 per cent),
realty (4.39 per cent), fast- moving consumer goods (3.89 per cent), oil & gas 3.63 per cent and capital goods (3.62 per
cent). All sectoral indices closed in the negative territory.
It was not surprising. Of late, volatility has increased substantially because of the passage of Food Bill in the Rajya
Sabha, the risk of fiscal balance eroding badly, and, therefore, the threat of rating down grading also increasing, said
G. Chokkalingam, Chief Investment Officer, Centrum Wealth Management Ltd.
Till next elections , we see continued volatility with a negative bias, Mr. Chokkalingam added.
BSE mid-cap stocks lost 1.86 per cent, and small-cap 0.95 per cent.
Among the broad-based indices, BSE-100 closed down by 3.44 per cent, BSE-200 by 3.29 per cent and BSE-500 by
3.15 per cent.
On the National Stock Exchange (NSE), 50-share Nifty closed at 5341.45 with a loss of 209.30 points or 3.77 per cent.
Everything started with a rumour in the market that U.S. has attacked Syria. The general mood of the market was
nervous, and this destabilising news created panic. There are enough reasons, both internal and external, for the
market nervousness, and this rumour was the last straw to break the camels back, said Sudip Bandyopadhyay,
Managing Director and CEO of Destimoney Securities
The RBIs intervention, however, helped rupee to recover from 68 levels to close at 67.63/64 a dollar, compared to its
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previous close of 66.00/01 on Monday.

With the new Governor for the RBI unveiling new measures the rupee would tend to recover to 65 levels in the short
term, but as the US Federal Reserve rolls back its stimulus programme and slowdown in economic growth continues,
the rupee once again would become volatile, said Mr. Chokkalingam.
Rupee dropped nearly 3 per cent against the U.S. dollar, as it touched a low of 68.15/16. A combination of sell-off in
leading emerging market currencies and fresh jitters in the Middle East has been driven rupee lower, said Anindya
Banerjee, Currency Analyst, Kotak Securities. Markets reversed the up-move seen over the last few trading sessions,
and tumbled around 3.5 per cent today on further worsening of Indias macro situation post-weak Gross Domestic
Product (GDP) and Purchasing Managers Index (PMI) numbers. This has resulted in sharp downward revisions in the
current fiscal GDP growth across the street and raised chances of a sovereign downgrade, said Tirthankar Patnaik,
Director & Strategist-Institutional Research, Religare Capital Markets Ltd.
Keywords: Indian stock markets, Sensex, Nifty, BSE, NSE, closing trade
Printable version | Sep 4, 2013 2:26:04 AM | http://www.thehindu.com/business/markets/stocks-tumble-on-syriafactor/article5089240.ece
The Hindu
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Business Markets
Sensex drops 116 points after hitting 20,000 level

PTI
The BSE benchmark Sensex on Thursday dropped 116 points in late morning trade after hitting the 20,000 level after
fresh selling in banking, auto, IT, teck and metal stocks.
The BSE 30-share barometer Sensex opened higher at 20,046.05 points and advanced further to 20,052.05 on initial
buying in view of persistent foreign capital inflows.
However, it declined afterwards to 19,834.17 before quoting 19,881.04 points at 1030 hours, showing a loss of 116.41
points or 0.58 per cent from its last close.
The NSE 50-share index Nifty also moved down by 39.50 points, or 0.67 per cent, to 5,873.65 at 1030 hours.
Major losers were Hero Motocorp (2.91 pc), Sesa Goa (2.36 pc), HDFC Bank (2.25 pc), ICICI Bank (1.94 pc), HUL
(1.72 pc), Hindalco (1.57 pc) and M&M (1.33 pc).
Foreign institutional investors (FIIs) bought shares worth a net Rs 586.50 crore yesterday, as per provisional data
from the stock exchanges.
Most Asian stock markets saw modest gains in their early trade with energy stocks offering a bright spot after an
increase for oil futures, though Japanese shares lagged.
Key benchmark indices in Taiwan, Hong Kong, China, South Korea and Singapore rose by 0.05 to 0.6 per cent while
indices in Indonesia and Japan fell by 0.26 to 0.47 per cent.
Keywords: Sensex, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock markets, midsession trade
Printable version | Oct 14, 2013 6:00:59 AM | http://www.thehindu.com/business/markets/sensex-drops-116-pointsafter-hitting-20000-level/article5119203.ece
The Hindu
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Sensex sheds 216 points as rupee weakens

Stock indices dipped on Thursday as the 30-share S&P BSE Sensex lost more than 200 points, even though foreign
institutional investors (FIIs) were net buyers.
The rupee also weakened in a highly volatile trading.
The rupee closed at 63.50 a dollar compared to its previous close of 63.38.
It moved in a range of 62.92-63.95.
After five straight days of gains, the rupee showed weakness today [Thursday]. Despite appreciating to below 63 in
early trading, the rupee has weakened and is trending between 63 and 64, said Raghu Kumar, co-founder RKSV, a
leading broking firm.
The markets should see a somewhat range-bound rupee until the Federal Open Market Committee (FOMC) meets
next week to discuss whether it should scale down its bond buying program, said Mr. Kumar, adding, if the Federal
Reserve does decide to taper down the stimulus program, we could see a sharp depreciation in the rupee.
The S&P BSE sensex lost 215.57 points to close at 19781.88 with metal stocks losing the most at 2.53 per cent followed
by banks (1.86 per cent), consumer durables (1.84 per cent), automobiles (1.80 per cent) oil & gas (1.68 per cent) and
PSUs (1.58 per cent). Except realty stocks, which gained marginally by 0.54 per cent and fast moving consumer goods
at 0.32 per cent, all other sectoral indices ended in the red. On the National Stock Exchange, the 50-share Nifty closed
at 5850.70 with a loss of 62.45 points.
Although global cues were mixed, Indian equities started the day on a weak note. Selling pressure intensified as the
day progressed, said Sanjeev Zarbade, Vice-President-Private Client Group Research, Kotak Securities.
Metal stocks losing the most at 2.53 per cent followed by banks (1.86 per cent).
Printable version | Oct 14, 2013 6:01:58 AM | http://www.thehindu.com/todays-paper/tp-business/sensex-sheds216-points-as-rupee-weakens/article5122188.ece
The Hindu
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Business Markets
Sensex falls over 500 points on RBI policy

PTI
Stock markets on Friday tanked by 2.7 per cent soon after the Reserve Banks policy announcement in which it hiked
the repo rate by 0.25 per cent.
The BSE benchmark Sensex crashed over 559 points to 20,087.44 soon after the mid-quarter policy by the RBI.
The repo rate has been increased by 25 basis points to 7.5 per cent from 7.25 per cent with immediate effect.
The National Stock Exchanges Nifty fell 2.48 per cent to 5,963.65.
Printable version | Oct 14, 2013 6:05:46 AM | http://www.thehindu.com/business/markets/sensex-falls-over-500points-on-rbi-policy/article5149010.ece
The Hindu
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Dow down nearly 200 points as uncertainty returns

%\0DXUHHQ)DUUHOO#PDXUHHQPIDUUHOO6HSWHPEHU30(7
NEW YORK (CNNMoney)
More uncertainty. That's what investors will be faced with for the next few months. And we all know how much the market
hates uncertainty.
A glut of unanswered questions pushed the Dow Jones Industrial Average down more than 180 points Friday. The S&P 500 and
Nasdaq closed down between 0.4% and 0.7%.
The selling spread beyond stocks. Oil prices fell more than 1%, and gold dropped nearly 3%. European markets and Asian
markets were mixed.
So what are the biggest questions for investors?
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Click here for more on stocks, bond, currencies and commodities
Good news had helped the Dow and S&P hit record highs earlier in the week. Even with Friday's sell-off, stocks ended the week
up between 0.5% and 1.3%.
Investors got a momentary respite from a barrage of worries. The Fed pleasantly surprised the market Wednesday by deciding
to hold off on tapering its quantitative easing program. And the threat of a U.S. strike in Syria no longer appears imminent.
But traders clearly seemed more worried heading into the weekend.
Related: Crowds gather for new iPhones
Blackberry's woes get worse: Shares of BlackBerry ( BBRY) dropped more than 17% after the company announced losses of
nearly $1 billion for its second quarter and plans to cut 4,500 jobs.

6WRFNVHQGORZHUDVXQFHUWDLQW\UHWXUQV6HS
iPhone fumbles? The lines may have been long for Apple ( AAPL, Fortune 500)'s newest iPhones, but investors aren't racing to
buy up Apple's stock. It's down more than 33% over the past year, and as sales for the latest iteration of the iPhone kicked off in
stores in the U.S., China and seven other countries Friday, Apple's stock moved down another 1%.
One trader on StockTwits thinks the long lines might actually mean that there's room for the stock to run: "$AAPL Being
accumulated like Chess rivals pieces by Kasparov, (despite mkt sell off)," said Bizfinder. But another trader isn't so sure: "$AAPL
Just gonna assume that a 'positive surprise' is not possible now and that the good news has been baked in for the weekend,"
wrote jarym.
1HYHUHQGLQJZRHVIRU2OLYH*DUGHQ"
Darden Restaurants ( DRI, Fortune 500), which operates the Olive Garden and Red Lobster chains, reported weaker-thanexpected sales and profits. Darden also said it's planning workforce reductions. The stock slipped more than 7%. One trader
suggested this could be a bad sign for the economy. Consumers may be pulling back.
"Olive Garden used to be the go-to chain for the middle class. What's happened? Red Lobster SSS also down 5.2%. No splurging.
$DRI," said TraceyRyniec.
Related: Fear & Greed Index is getting greedy once again
The all-time high club: A slew of companies hit all-time highs, including Netflix (
Fortune 500), and Facebook ( FB).
Priceline's (
NFLX), Tesla (
TSLA), Amazon (
AMZN,
PCLN) stock continued to rise as well. It appeared set to finish above $1,000 a share for the second straight day..
Two IPOs off like rockets: It was a great day for companies with incendiary themed names to debut.
Shares of ad buying platform Rocket Fuel (
prices.
FUEL) and cybersecurity firm FireEye (
FEYE) both nearly doubled from their IPO
First Published: September 20, 2013: 9:53 AM ET
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Business Markets
Stocks tumble, rupee weakens on rate hike

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Sensex down 363 pts, or 1.79 per cent, to end at 19,900.96.
Investors deserted bank stocks and the rupee weakened against the dollar on Monday after the Reserve Bank of India
(RBI) hiked rates last week despite the wide spread expectation that the Governor Raghuram Rajan would effect a
reduction in order to boost growth.
The rupee closed at 62.60 per dollar after touching a low of 62.73 intra-day. The rupee closed at 62.23 on Friday. In
the offshore non-deliverable forwards (NDF) the one-month contract was at 63.39 per dollar and the three-month was
at 64.52.
The BSE 30-share sensitive index (Sensex) tanked by 362.75 points to close at 19900.96 as bank stocks, which are
rate sensitive, tumbled by 4.41 per cent followed by realty (4.33per cent), capital goods (3.28 per cent), PSUs (2.56 per
cent) and power (2.26 per cent).
Except consumer durables, which gained 2.36 per cent, information technology (0.91 per cent), and technology (0.43
per cent), all other sectoral indices ended in the negative territory.
Post RBIs monetary policy review, the markets have become negative and profit booking continues unabated. Global
markets also will remain jittery on account of U.S. debt ceiling related political confusion up to September 30, said
Sudip Bandyopadhyay, Managing Director and CEO, Destimoney Securities.
Domestic bond yields have also turned extremely volatile on the back of large Government borrowing programme.
This also has been putting pressure on Indian markets, Mr. Bandyopadhyay added.
On the National Stock Exchange (NSE), the Nifty closed at 5889.75 with a loss of 122.35 points .
Amid mixed global cues, domestic bourses remained under pressure on Monday and lost nearly two percent after a
negative start. It seems that traders were readjusting their short-term positions after the recent developments and
offloading stocks from interest rate sensitive sectors. The uneasiness is mainly due to the underperformance and
present level volatility in these sectors, said Jayant Manglik, President-Retail Distribution, Religare Securities.
ZZZWKHKLQGXFRPEXVLQHVVPDUNHWVVWRFNVWXPEOHUXSHHZHDNHQVRQUDWHKLNHDUWLFOHHFH"FVV SULQW

%XGJHWEDWWOHZHLJKVRQVWRFNV6HS
Budget battle weighs on stocks

%\&110RQH\6WDII #&110RQH\,QYHVW6HSWHPEHU30(7
NEW YORK (CNNMoney)
Is the September rally over? Investors were acting cautiously Monday as lawmakers in Washington continue to battle over a
budget deal.
The Dow Jones industrial average, S&P 500 and Nasdaq declined modestly.
Unless a compromise is reached during the next week, the government is poised to shut down at the start of October. While
investors don't typically worry too much about a shutdown, the political wrangling and gridlock ahead of the budget, as well as
the looming debt ceiling deadline may cause some volatility in markets, according to experts.
"We suspect a budget showdown in Washington will likely weigh on global markets for the next several weeks," said Craig
Johnson, senior technical research strategist at Piper Jaffray. But he added that any weakness in stocks would be a buying
opportunity, as he doesn't believe either Democrats or Republicans would let the country default on its debt.
The budget fight overshadowed positive global economic news, as new data from HSBC showing China's manufacturing sector
expanded at the fastest pace in six months.
Related: How a shutdown could affect the economy
The Federal Reserve also remained in focus, following last week's decision to hold off on its plans to taper its bond buying
program.
In a speech Monday, New York Fed President William Dudley said he would "like to see news that makes me more confident
that we will see continued improvement in the labor market" before cutting back on the central bank's stimulus program.
BlackBerry buyout: BlackBerry ( BBRY) announced Monday afternoon that its largest shareholder, Fairfax Financial, was
leading a group to acquire the troubled company for $9 a share. After a brief trading halt, shares initially surged 5% to above the
$9 takeover price. But the stock quickly trimmed those gains and ended only 1% higher.
The $9 price tag is slightly above where shares traded earlier Monday, but below where the stock was Friday just before
BlackBerry shocked investors with the news that it would slash 40% of its workforce and also warned of a $1 billion quarterly
loss.
What's moving: Apple (
AAPL, Fortune 500) shares jumped after the company said it sold a record 9 million iPhone 5S and

iPhone 5C devices worldwide during the first three days the phone went on sale. Apple was the biggest winner in the S&P 500.
"$AAPL Maybe $BBRY should put out a Gold model too....," quipped StockTwits user Lach14.
Apple also said that 11 million listeners have tuned into iTunes Radio since its launch last week as part of the new iOS 7. Shares
of Pandora ( P) declined sharply on the news.
"$P The problem I see with Pandora is where it can innovate from here," said StockTwits user Duckid. "With such a big wall up I
don't see them pulling away iRadio users."
Financial stocks were among the worst performers, with shares of Citigroup ( C, Fortune 500), Goldman Sachs (
500), JPMorgan Chase ( JPM, Fortune 500) and Bank of America ( BAC, Fortune 500) down more than 2%.
GS, Fortune
Monday marks the first day that Bank of America, as well as Hewlett-Packard ( HPQ, Fortune 500) and Alcoa ( AA, Fortune
500) are no longer included in the Dow. But the newest components weren't helping the Dow's performance. Goldman Sachs
was the Dow's biggest laggard, while Nike ( NKE, Fortune 500) and Visa ( V, Fortune 500) were down about 1%.
:LWK(PP\QRGV1HWIOL[KDVQRZDUULYHG
Netflix ( NFLX) shares also slid, but only after hitting a record high earlier in the day. On Sunday, director David Fincher won
an Emmy Award for his work on Netflix's "House of Cards" series. The Emmy win was the first for a TV show that only airs
online.
"$NFLX 430% up in 1 year, will give up on some of that gain. Smart money selling...Bearish," said StockTwits trader FreeFall.
TradeAssassIn added that "$NFLX Carl [Icahn] has to be selling here."
Icahn took a 10% stake in the streaming video company in October. But as recently as two weeks ago, the billionaire investor
said he hadn't sold a single share of the company.
Related: Fear & Greed Index, still greedy
European markets closed lower, despite German chancellor Angela Merkel's big victory in Sunday's elections. Stocks dipped
after eurozone purchasing managers had reported slightly stronger-than-expected growth in manufacturing and services.
Asian markets ended mixed. The Shanghai Composite index rose by 1.3%. Hong Kong's Hang Seng index fell after being closed
in the morning because of Typhoon Usagi. The Tokyo Stock Exchange was closed for a holiday.
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10/15/13
Oil Futures Settle Lower as Gasoline Hits Fresh 2013 Low - WSJ.com
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Oil Futures Settle Lower as Gasoline Hits Fresh 2013 Low

U.S. Refiners' Demand for Crude Expected to Drop
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By David Bird
NEW YORK--Crude-oil futures settled Monday at their lowest levels in nearly seven
weeks as tensions over Syria eased and seasonally weak gasoline futures fell to a
new 2013 low.
Traders said props under gasoline-futures prices have disappeared as the peak
summer-demand season has shifted into autumn.
The price of reformulated gasoline blendstock for October delivery dropped for the fifth
time in the six days and settled at the lowest level since mid-December for the
second time in a week.
The blow dealt to crude-oil prices by weak gasoline accompanied a flurry of stinging
swipes that have sent front-month crude prices lower for the past three sessions.
These include an easing of tensions with Syria, which this weekend turned over an
inventory of its chemical-weapons arsenal to international inspectors, higher oil flows
from Libya and expectations of a seasonal downturn in crude-oil demand due to
refinery maintenance work.
Light, sweet-crude oil for November delivery on the New York Mercantile Exchange, in
its first day as the front-month contract, settled down 1.1%, or $1.16, at $103.59 a
barrel. That's the lowest front-month price since Aug. 8.
ICE North Sea Brent crude oil for November settled 1%, or $1.06 a barrel, lower at
$108.16 a barrel, also the weakest price since Aug. 8.
T r en di n g: $ 1,100
Gol d i Ph on es,
Ea t i n g Gi a n t
Sn a i l s
After weeks of disruptions to oil exports caused by labor disputes, Libya, in recent
days said it was able to reopen to key ports. This will allow Libya's oil production to
climb back to one million barrels a day soon, about double recent levels, but less than
its previous 1.4 million barrels a day flow, said Michael Wittner, head of commodities
in the Americas for Societe Generale.
online.wsj.com/article/SB10001424052702304713704579092481783678034.html
Opi n i on : A
Da n ger ou s Pi ck t o
Hea d t h e Fed
Morning Money Beat Asia: The St riking-Dist ance Rally

The markets started out the day worrying about a debt-ceiling fight,
and ended it anticipating a debt-ceiling deal.
Ext ended VIX Fut ures Trading Hours Delay ed by
Federal Shut down
European traders will have to wait a little longer to trade the
market's so-called fear gauge during local hours, while U.S.
traders have to wait on an extra late-day session.
Hot Enough? Energy Deals Racked Up at
Least $ 5.9 Billion Last Week
Last week, roughly $5.9 billion traded hands
among investors in and around the energy patch
via new investments, secondary sales, strategic
buyouts and initial public offerings.
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Senate Leaders in
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of a Deal
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Some analysts see continued weakness in crude, given the reduced demand from
U.S. refiners and easing of supply concerns.
Addison Armstrong, senior director for market research at Tradition Energy in
Stamford, Conn. said he believes U.S. benchmark crude is likely to drop "below $100
fairly soon" and maybe as low as $95, a level it last settled at in June. He sees Brent
crude dropping to "around $100." It hasn't settled below that level since April.
WSJ Pi cks: T h e
Best Ph ot os of
Sept em ber
What's This?
1/3
10/15/13
Oil Futures Settle Lower as Gasoline Hits Fresh 2013 Low - WSJ.com
Over the weekend, Syria handed over to international authorities a full inventory of its
chemical-weapons arsenal, a requirement of a negotiated end to a tense dispute
pitting the U.S. against Russia. In a Moscow-led pact, Syria agreed to hand over its
chemical weapons, avoiding a threatened U.S. air strike that had raised tension over
potential further instability in the crucial region for oil exports.
Meantime, U.S. refiners who have been keeping crude-oil processing rates high to
meet export demand for diesel fuel and gasoline, are expected to reduce operations
for seasonal maintenance work. Analysts said this could be a drag on crude prices in
coming weeks.
Americans Win
Economics Nobel
For Market
Opinion: Richard
D. Kahlenberg: A
Fresh Chance to
Rein in
The Energy Information Administration projects U.S. refiners could cut back crude
runs to 14.84 million barrels a day in October, from current levels near 16 million
barrels a day.
U.S. gasoline and diesel-fuel inventories now stand at 10% and 16% above yearearlier levels, keeping pressure on prices of those products.
October-delivery RBOB gasoline settled 2.3%, or 6.12 cents lower, at $2.623 a gallon,
the lowest price since last Dec. 13. In five of the past six days, prices have dropped
14.66 cents, or 5.3%.
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Heating-oil futures for October delivery, which trade as a proxy for diesel fuel, settled
1.6%, or 4.8 cents, lower, at $2.9562 a gallon. Prices fell for the fifth time in seven
sessions, ending at the lowest level since July 3. Prices dropped more than 16 cents
a gallon in that span.
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Trading in Crude Futures is Choppy in Asia

as the U.S. Shutdown Drags on and Oil
Supplies Continue to Rise
What's this?
U.S. oil prices declined, continuing to pull

back from a mid-week rally
The U.S. is set to ov ertake Russia as the
world's largest producer of oil and natural
gas. Read a Q&A on U.S. energy output
Brent crude prices fall back from fourweek highs as Middle East tensions subside
Don't let y our ex get y our 401 (k) (Banks.com)

How Most People Miss Their Chance to Be
Wealthy (Moneyning.com)
European Stocks: Why We're Bullish
Despite Risks (Charles Schwab)
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(Kiplinger)
When Dov es Cry , "Not Y et" (Charles Schwab)
The My stery of Saudis Spare Oil

Production Capacity
online.wsj.com/article/SB10001424052702304713704579092481783678034.html
2/3

6WRFNVVWDOOLQJRQJRYHUQPHQWVKXWGRZQIHDUV6HS
Stock market losing streak hits four days

NEW YORK (CNNMoney)
The biggest threat to the 2013 rally may be Washington, D.C.

Investors are weighing the possibility that the U.S. government might shut down on October 1st. But even if a shutdown is
avoided, the bigger concern is whether Congress will raise the debt ceiling before the drop-dead deadline of October 18. If that
doesn't happen, the government risks defaulting on its debt. Another credit rating downgrade could be in the cards too.
The Dow Jones Industrial Average and S&P 500 closed slightly lower. Both indexes have now suffered four straight days of
losses. The Nasdaq ended in positive territory ... but just barely.
Housing continues to rebound: There were more positive signs from the housing market. Home prices continued to climb in
July, according to S&P/Case-Shiller data.
Homebuilder Lennar ( LEN) reported a boost in quarterly earnings and revenue compared to the year-earlier quarter, with a
significant increase in new-home orders. KB Home ( KBH) also beat expectations for its earnings.
Related: 'Made in America' revival gains pace
Facebook on fire: Facebook ( FB) shares rose nearly 3% and hit a new all-time high. The stock, which only recently topped its
previous record of $45 from its IPO day, is now flirting with $50 a share. An analyst at Citigroup upgraded the stock to a "buy."
There are also reports that China may soon loosen some of its Internet restrictions, which could pave the way for Facebook to
enter the world's most populous market.
There's still lots of skepticism about the social media giant's future. "$FB is valued @$120B and $AMZN @$144B. Amazon has
assests and Facebook has office n chairs. Go figure." StockTwits trader mecka wrote.
But another trader sees only upside from here: "$FB wait for it.. Wait for it... It's going to go much higher." wrote duke2duke.
Online travel site Priceline ( PCLN) continues to hit new highs, after recently topping $1,000. Priceline is the first stock in the
S&P 500 with a price in the four digits.

&DUQLYDOVWRFNOHIWRXWDWVHD
Carnival's (
CCL) stock plunged after the cruise operator reported a drop in profits.
Beleaguered retailer J.C. Penney ( JCP, Fortune 500) hit a new 52-week low Tuesday, as investors fear a slower-than-expected
back to school season and worry about whether the company needs more cash.
"JCP stock is still ugly says @alyssaoursler. Here's why you should stay away. $JCP http://stks.co/imRO Bearish," wrote
InvestorPlace.
Another trader made light of the free haircuts for kids that former CEO Ron Johnson launched in the store.
"if they just turned the business into a full blown hair salon I think we would see a recovery $JCP," joked mytfine.
Related: Fear & Greed Index is back in neutral
Chip equipment maker Applied Materials ( AMAT, Fortune 500) announced a $29 billion merger with Tokyo Electron Limited
"to create a global innovator in semiconductor and display manufacturing technology." Shares of Applied Materials rose 9% on
the news.
Shares of Red Hat (
RHT), a business software maker, fell due to concerns about sales growth for the rest of the year.
BlackBerry's patents could spark a bidding war
BlackBerry ( BBRY) announced late Monday that its largest shareholder, Fairfax Financial, was leading a group to acquire the
troubled company for $9 a share. Blackberry shares edged down more than 3% Tuesday and remain below the $9 mark.
European markets closed higher. The latest German business sentiment data shows confidence continued to improve in
September. Asian markets ended the day with small losses.
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Business Markets
Sensex drops 64 points ahead of derivatives expiry

37,
Value-buying in blue-chips in the last one and half hours of trade helped Sensex recoup some losses to end at 19,856.24, down 0.32 per
cent.
The Bombay Stock Exchange (BSE) 30-share sensitive index closed with a loss of 63.97 points at 19856.24.
On the National Stock Exchange, the 50-share Nifty closed at 5873.85 with a loss of 18.60 points. After the Tuesdays
range bound session, the markets were seen starting on flat note on Wednesday but selling pressure in the index
majors dragged Nifty to crucial support zone of 5800.
It was seen as reaction to the government stance announced on Tuesday to avoid any further steep rise in fuel prices.
In import bill, the import of petroleum products holds a sizable portion and this step would further deepen the fiscal
deficit as the government partially reimburses the public sector oil marketing companies (OMCs) for selling fuel on
discounted rate, said Jayant Manglik - President Retail Distribution, Religare Securities Ltd.
In the later half, however, the situation improved when the rupee recovered quite strongly against the dollar and the
equity markets pared losses considerably. It closed down by less than half a percent with mixed move on sectoral
front.
Keywords: Sensex, Nifty, BSE, NSE, Asian bourses, closing trade
Printable version | Oct 14, 2013 6:07:44 AM | http://www.thehindu.com/business/markets/sensex-drops-64-pointsahead-of-derivatives-expiry/article5166633.ece
The Hindu
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6WRFNVZHLJKHGGRZQE\:DVKLQJWRQZRHV6HS
Stocks fall for fifth straight day

NEW YORK (CNNMoney)
Stocks hit all-time highs just a week ago, but concerns over developments in Washington have kept the market from climbing
much higher.
The Dow Jones Industrial Average, S&P 500 and Nasdaq closed lower Wednesday, making it a five-day losing streak for stocks.
Most global stock indexes ended in the red as well.
There are concerns that Congress will be unable to adequately deal with the country's debt ceiling woes, which means the
government risks defaulting on its debt next month. Treasury Secretary Jack Lew warned Tuesday that Wall Street should take
the looming debt limit more seriously and wrote in a letter to Congress Wednesday that the debt ceiling would be reached no
later than October 17.
Related: Fear & Greed Index slides into fear
Investors also considered the possibility that the U.S. government might shut down on Oct. 1, which could hit economic growth.
On the economic front, durable goods orders rose more than expected in in August. And new home sales rose at a faster clip than
anticipated last month.
What's moving: Shares of Yahoo ( YHOO, Fortune 500) edged slightly higher on reports that Chinese Internet company
Alibaba is moving forward with an initial public offering in New York. Yahoo is one of Alibaba's top shareholders. Yahoo's stock
has surged this year due to speculation about an Alibaba IPO as well as investor enthusiasm for the turnaround strategy of CEO
Marissa Mayer.

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It's another bad day for J.C. Penney ( JCP, Fortune 500). The stock hit a 13-year low as investors grow increasingly concerned
about the future of the iconic American retailer. Several analysts are predicting that it did not have a good back to school
shopping season, and that sales continued to plummet in late August and early September.
Investors had already been spooked by reports that J.C. Penney might be seeking to raise more cash through the sale of new
stock or bonds. "$JCP This is like the sinking titanic, the ship has already cracked in half and is going vertically down now,"
StockTwits trader win2betmore wrote.
But some were more optimistic about the holiday season ahead: "$JCP will be the biggest turnaround story in history," wrote
leofig123.
Going the opposite direction, Facebook (
to a new all-time high on Tuesday.
FB) stock continued to flirt with the $50 level, rising more than 2% after a 4% jump
"If today's open in the green isn't enough to convince you a shooting star in $FB only takes out the nervous traders, nothing will,"
duke2duke wrote.
Another trader was wondering when the stock might finally top $50.
"$FB like a time bomb.. tick tock.. buyers better assert themselves SOON here," wrote financialtrader.
BlackBerry ( BBRY) shares fell another 6%, still reeling from its announcement earlier this week that its largest shareholder,
Fairfax Financial, was leading a group to acquire the troubled company for $9 a share.
Shares of Carniva ( CCL)l also dropped another 5%. The cruise company's stock plunged on Tuesday as well after reporting
dismal earnings and a weak outlook.
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Business Markets

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37,
The stock indices dipped and rupee ended weaker against the dollar on Friday as the Reserve Bank of India (RBI)
Governor Raghuram Rajan said that the inflation was remaining at a higher level. Mr. Raghuram Rajan, who was in
Frankfurt to receive the Deutsche Bank prize for Financial Economics 2013, said there is still some inflation in India
after stripping out the effects of food and energy and other factors are also driving prices higher.
Markets participants were also cautious as they were expecting the current account deficit (CAD) number for the
June quarter on Monday, September 30.
Keywords: BSE, NSE, Sensex, Nifty, global cues, rising rupee
Printable version | Oct 14, 2013 6:08:16 AM | http://www.thehindu.com/business/markets/sensex-down-167points/article5174252.ece
The Hindu

6KXWGRZQIHDUVOHDGWRORVLQJZHHNIRUVWRFNV6HS
Shutdown fears lead to losing week for stocks

NEW YORK (CNNMoney)
Political leaders in Washington are not inspiring much confidence lately. And because of that, investors have been shying away
from the stock market.
A possible government shutdown and a rapidly approaching debt limit could prevent the government from paying all its bills.
With several Congressional crises brewing, the Dow Jones Industrial Average, the S&P 500 and Nasdaq fell slightly Friday.
The Dow and S&P 500 finished the week down more than 1%. It's the first losing week for those two indexes in September. But
the Nasdaq managed to eke out a tiny gain for the week.
Related: Click here for more on stocks, bonds, currencies and commodities
But while stocks have stalled a bit lately, investors aren't exactly panicking. The recent slump comes just a week after the Dow
and S&P 500 hit record highs. All three major indexes are still up between 16% and 25% for the year.
Most investors expect Congress will strike a last-minute deal to raise the debt limit.
Related: Investors pricing in last minute debt deal
What's moving: Shares of new Dow component Nike (

quarterly results that beat expectations.
NKE, Fortune 500) jumped 5% and hit an all-time high following

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"$NKE buy and hold this baby. DO NOT day trade," TrueChartTrader wrote on StockTwits. "$NKE keep running," added gabbs.
J.C. Penney ( JCP, Fortune 500) shares sank 14% on news that the struggling retailer will raise $810 million via a public
offering of 84 million shares. While this money will give J.C. Penney a cash cushion for its attempted turnaround, current
shareholders will see their stock diluted.
Some traders are still bullish though. "$JCP. S&P said credit rating remains the same and they expect proceeds to be $925
million. Go Long. Bullish," TechTrader17 wrote on StockTwits.
But not everyone is convinced of a turnaround. "I would consider buying $JCP here if I had any faith in the management team which I do not, they are a feckless bunch of scatter brains," FairOaksTrader commented.
BlackBerry ( BBRY), which announced plans this week to go private, released dismal earnings Friday morning, including a
$965 million quarterly loss. Still, these losses were widely anticipated, since BlackBerry had preannounced results late last
week. The company's stock rose 1%.
Related: Fear & Greed Index back in fear mode
Hitting new highs: Yahoo ( YHOO, Fortune 500) rose to its highest level since late 2007, while Facebook (
surge and hit another all-time high.
FB) continued its
Alan Mulally drove the share prices of Ford and Microsoft Friday. Ford's ( F, Fortune 500) CEO, widely credited for the auto
maker's turnaround, was cited as a possible successor to Microsoft ( MSFT, Fortune 500) CEO Steve Ballmer by the tech blog
AllThingsD. Microsoft's stock rose, while Ford's dipped.
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Business Markets

PTI
The rupee fell further by nine paise on Monday to an almost one-week low of 62.60 against the dollar amid demand
for the U.S. currency from importers and weak equities ahead of data on key economic indicators, including the
current account deficit.
While fresh capital outflows also weighed on the rupee, the local currencys decline was restricted by some weakness
in the dollar overseas on concerns of a US budgetary impasse.
The rupee opened lower at 63 a dollar from Fridays close of 62.51 at the interbank foreign exchange market. It
declined to a low of 63.03 on month-end dollar demand from importers, mainly oil refiners, and sluggish domestic
stocks.
However, fresh dollar selling by exporters and a drop in the dollar overseas helped lift the rupee to a high of 62.50
before it settled at 62.60, a loss of nine paise or 0.14 per cent. Last Friday, it had plunged by 44 paise.
This was the lowest level since September 24 (62.75).
However, the rupee gained 310 paise or 4.7 per cent in September the first monthly gain since April.
It was seen depreciating ahead of the key data which includes June quarter CAD data and the fiscal deficit for the
April-August period, said Abhishek Goenka, CEO of India Forex Advisors. The slump in the global stock markets
and Asian currencies contributed to the weakness in the Indian rupee.
The 30-share S&P BSE Sensex plunged 347.50 points or 1.76 per cent as global markets sank, with the US bracing for
a government shutdown and Italian Prime Minister Enrico Letta calling a parliamentary vote of confidence on
Wednesday.
FIIs sold a net Rs 244.95 crore of shares last Friday, according to provisional data with the stock exchanges.
The dollar index, which tracks the currency against a basket of six major currencies, was down by 0.02 per cent.
Government data released after the markets closed showed the CAD widened to 4.9 per cent of GDP in April-June
quarter.
Pramit Brahmbhatt, CEO of Alpari Financial Services (India) said: The dollar came under pressure today...as a
potential US government shutdown possibility was seen, while the euro was separately pressured by the threat of fresh
Italian elections.
Keywords: inter-bank foreign exchange, rupee-dollar trade, forex market, opening trade
Printable version | Oct 14, 2013 6:11:45 AM | http://www.thehindu.com/business/markets/rupee-down-9-paiseagainst-dollar/article5184717.ece
The Hindu
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:DVKLQJWRQVSRRNVVWRFNV6HS
Dow falls 128 points as Washington spooks stocks

%\0DXUHHQ)DUUHOO#PDXUHHQPIDUUHOO6HSWHPEHU30(7
NEW YORK (CNNMoney)
Investors don't want to wait and see if lawmakers can reach a deal to avoid a government shutdown at midnight. They just sold.
The Dow Jones Industrial Average dropped more than 128 points, or nearly 1%, on Monday. The S&P 500 and the Nasdaq
closed the day with losses as well.
October sell-off coming? Despite Monday's slide, the three major indexes are still up between 15% and 24% for the year. The
Dow and S&P 500 are up between 2% and 3% in September alone, and hit record highs just two weeks ago. All three indexes are
up for the quarter, led by the Nasdaq, which has risen 11%.
But some strategists are predicting that stocks could fall further if the government closes up shop -- even if it's only a brief
shutdown.
Related: 8 things you need to know about the debt ceiling
Citigroup analyst Tobias Levkovich said that the "rancorous debate in Washington" coupled with slowing economic growth
could push the S&P 500 down to 1600, a drop of more than 5% from its current level.
Levkovich and several other analysts also expect companies to cut their 2014 profit forecasts when they report third quarter
earnings over the next few weeks. That could be another wake up call for investors, who had been bullish all year despite some
big risks.
Related: Fear & Greed Index shows investors are becoming increasingly fearful
The shutdown isn't the only thing in Washington that investors are worried about. Stocks have pulled back recently as the U.S.
gets closer to hitting the debt ceiling. If Congress fails to increase the debt limit, the U.S. government won't be able to pay all of
its bills later this month.
Fear and volatility spike: The Chicago Board Options Exchange's Volatility Index ( VIX), a key gauge of market volatility more
commonly known as the VIX, has risen nearly 10% in each of the past two trading sessions. But it's still a relatively low 17 -- far
below the mid-40s range it traded at when Standard & Poor's downgraded the U.S.'s credit rating in 2011.

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But investors do seem more nervous lately. CNNMoney's Fear & Greed Index has moved deeper into Fear mode and is getting
close to Extreme Fear levels. The index was Neutral just a week ago.
Related: Obamacare and biotech boost health care stocks
What's moving: Shares of Apple ( AAPL, Fortune 500) dropped more than 1% as investors waited for details about CEO Tim
Cook's reported lunch meeting with activist investor Carl Icahn. Traders weren't holding out hope for any good news though.
"$AAPL..if the traders" in the know" really thought there would be fireworks at their lunch meeting, many more calls would be
trading," wrote StockTwits commenter christopherbrecher.
Investors also weren't wowed by news that Apple was named the "best global brand" by Interbrands.
J.C. Penney ( JCP, Fortune 500) dipped nearly 3%. The retailer, which has been hemorrhaging money, announced last Friday
that it had raised roughly $810 million through a public offering. Shares are trading near lows not hit since late 2000. Traders
still have a bleak outlook for the company.
"$JCP imho if this Q4 is not good at all, $JCP would be def done. Even if Q4 were good, they would still be struggling for a long
time," StockFan123 wrote.
Shares of Chipotle Mexican Grill (
CMG) rose more than 2% following an analyst upgrade.
Noted short seller David Einhorn has said he's betting against the stock, and some traders continue to agree with Einhorn -despite Chipotle's rally.
"$CMG at a multiple of 40 times earnings, this burrito maker is due for a substantial pullback," commented
contrarianspeculator. "Waiting for Einhorn to pounce on this one again."
"$CMG there is more hedge $$ that sees this as an epic short than even a luke warm long...don't kid yourself," traderiver added.
Related: How the government will shut down
Government shutdown fears hit world markets too: European markets and most Asian markets closed with losses, though the
Shanghai Composite moved higher. China launched a free trade zone in Shanghai on Sunday, an experiment in promoting trade
and expanding foreign investments in China.
<RX0LJKW$OVR/LNH
E\7DERROD

10/15/13
Oil Stays Near $102 as US Govt in Partial Shutdown - ABC News

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BANGKOK October 2, 2013 (AP)

By PABLO GORONDI Associated Press
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The price of oil hovered near $102 a barrel Wednesday after U.S.
government workers were ordered off the job because of a budget impasse
in Washington.
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By early afternoon in Europe, benchmark oil for November delivery was up 14 cents to $102.18 a
barrel in electronic trading on the New York Mercantile Exchange. The contract fell 29 cents to
close at $102.04 on Tuesday.
Demand for oil in the U.S. could weaken if the shutdown curbs economic growth and continues to
stop 800,000 federal workers from commuting. The workers were furloughed after U.S.
lawmakers failed to agree on a budget measure to fund government operations after the fiscal
year ended Monday.
"Oil prices are very much linked with U.S. consumption," said Andrew Sullivan, sales trader at Kim
Eng Securities in Hong Kong. "With 800,000 workers not being paid, short-term demand is likely
to be curtailed."
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Prices were also under pressure from a report released Tuesday by the industry-funded American
Petroleum Institute which said U.S. stockpiles of crude oil rose by 4.55 million barrels last week.
The Energy Department's Energy Information Administration will release its own report the
market benchmark - later Wednesday. A survey of analysts by Platts, the energy information arm of
McGraw-Hill Cos., showed expectations were for a build of 2.4 million barrels in crude oil stocks
and a draw of 1.4 million barrels in gasoline stocks for the week ending Sept. 27.
Over the past days, a deal to control Syria's chemical weapons and an apparent thaw in relations
between the United States and Iran over the Islamic Republic's nuclear program have diminished
the risk of a disruption of Middle East oil supplies and bought oil prices down from above $110 a
barrel.
"With no news to support prices, fading geopolitical threats and ample supplies are still having an
adverse impact," analysts from Commerzbank in Frankfurt said in a note to clients. "In this climate,
we envisage oil prices continuing to decline."
Brent crude, a benchmark used to price imported crude used by many U.S. refineries, was up 39
cents to $108.33 in London.
SEE IT, SHARE IT
In other energy futures trading on Nymex:
Missing Teen's Last

Phone Call Tracked
to Ski Resort
Wholesale gasoline fell 0.24 cent to $2.6082 per gallon.

Natural gas added 0.3 cent to $3.612 per 1,000 cubic feet.
Conway Police Department/AP
Photo; Jim Cole/AP Photo
Heating oil rose 2 cents to $2.9753 per gallon.

Video of
Philadelphia Police
Stop Called
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Pamela Sampson in Bangkok contributed to this report.

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Dow drops sharply and closes below 15,000

%\&110RQH\6WDII #&110RQH\,QYHVW2FWREHU30(7
Click on chart for more markets data.
NEW YORK (CNNMoney)
A sell-off in stocks accelerated Thursday, as major indexes fell 1% while Washington remains paralyzed and the nation
approaches the deadline for raising the U.S. debt ceiling.
The Dow ended below 15,000, a psychologically important level, for the first time in almost a month. The Nasdaq and S&P 500
also declined sharply.
Meetings at the White House between congressional leaders and President Obama have failed to produce a breakthrough.
Thursday marked Day 3 of the government shutdown, and Washington gave no sign of preventing a fourth. It's making investors
jittery. CNNMoney's Fear & Greed index even briefly slid into Extreme Fear mode.
Thursday's losses also meant the Dow and S&P 500 have dropped for nine of the past 11 trading days,
"I think probably at the beginning of the week people didn't think it would take so long to sort out," said David Jones, chief
market strategist at IG Markets in London. "The fact that it's dragged on is making people a little bit nervous."
Doug DePietro, an equity trader at investment bank Evercore, noted that the S&P 500 also broke below its 50-day moving
average, a key technical level that triggered additional selling by institutional investors.
"With each day that goes by without a deal, confidence continues to wane," DePietro said.
More troubling for Wall Street is the risk that the political stalemate could prevent the debt ceiling from being raised, meaning
the government may not be able to pay all its bills later this month.
Click here for more stocks, bonds commodities and currencies
What's moving: Tesla's stock ended 4% lower Thursday after a fiery crash near Seattle, Wash., sparked concerns about the
safety of the car maker's Model S sedan. Tesla ( TSLA) said the fire happened after the car crashed into a "large metallic
object."

7HVODVWRFNPD\EHORVLQJDLU
On StockTwits, trader MikeCorso showed his support for the company: "6 yrs, almost 100 mil miles driven without a fire -ISOLATED INCIDENT. And the car warned the driver as designed. PS- I own a Model S," he wrote
Meanwhile, MercenaryJack wryly commented that "when you hear '$TSLA is on fire,' this ain't what longs want to see."
Shares of Angie's List ( ANGI) lost more than 17% on concerns that the customer review site is hitting a rough patch. The
company's chief technology officer left abruptly last week and now the website has drastically reduced its membership prices.
Other Internet stocks that have been red hot lately, such as Priceline ( PCLN), Yahoo ( YHOO, Fortune 500), Netflix
( NFLX) and Facebook ( FB), pulled back Thursday too.
7HFKVWRFNVSDUW\LQJOLNHLWV
As racernic put it: "Something wrong with my screen. $PCLN red. tap tap tap. nope still red. hmmm."
Shares of Taser ( TASR), maker of the eponymous stun gun, ended the day down 10%. The company, citing a "tight budgetary
environment," has cut in half the price of its portable Axon Flex camera, used by police officers.
"$TASR. Yikes. Getting zapped today," said Slingshot.
Related: Countdown to a debt ceiling default
Herbalife ( HLF) shares finished 7% lower, even though hedge fund manager Bill Ackman disclosed he recently restructured
his short position on the nutritional supplement company to lessen his risk. The stock has more than doubled this year, making
Ackman's bet a huge loser on paper.
United Technologies (
UTX, Fortune 500) edged lower after the defense contractor announced that it would likely furlough

2,000 workers starting next week, due to the government shutdown. About 800,000 federal employees have already been
furloughed.
Asian and European markets ended mixed.
First Published: October 3, 2013: 9:55 AM ET
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10/15/13
Oil Falls as US Gov't Shutdown Hits 3rd Day - ABC News

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Oil Falls as US Gov't Shutdown Hits 3rd Day

NEW YORK October 3, 2013 (AP)
By The Associated Press
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0 Comments
The price of oil fell Thursday, along with stocks and metals, as the U.S.
government shutdown dragged into a third day.
Benchmark oil contract for November delivery fell 79 cents to close at $103.31 a barrel on the New
York Mercantile Exchange.
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On ce a Week,
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Markets have been weighing the impact of a partial shutdown of the U.S. government this week
after a congressional dispute over funding for President Barack Obama's health care program.
There are concerns that a prolonged halt to government activities could reduce demand for
energy and hurt confidence in the economy.
Economic indicators did not help, either. The Labor Department reported that the number of
Americans seeking unemployment benefits remained near six-year lows, but while employers are
have stopped laying off workers, the creation of new jobs has slowed in recent months. Also, a
survey showed disappointing growth at U.S. service industries.
U.S. stock markets were down across the board Thursday afternoon, while gold, silver and copper
also fell.
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Brent crude, a benchmark used to price imported crude used by many U.S. refineries, slipped 19
cents to $109 in London.
In other energy futures trading on Nymex:
Wholesale gasoline rose 1 cent to $2.64 per gallon.
Natural gas dropped 4 cents to $3.50 per 1,000 cubic feet.
Heating oil rose 1 cent to $3.00 per gallon.
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Pablo Gorondi in Budapest and Pamela Sampson in Bangkok contributed to this report.
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Business Markets

PTI
The benchmark index of Bombay Stock Exchange on Monday closed flat a mere 21 points lower on weak global
cues.
The 30-scrip S&P Sensex of the Bombay Stock Exchange (BSE), which opened at 19,880.94 points, closed
(provisionally) at 19,895.10 points, down 20.85 points or 0.10 percent lower from Fridays close at 19,915.95 points.
The Sensex saw a high of 19,921.38 points and a low of 19,647.88 points in the days trade.
The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) also made marginal gains. The index
increased merely by 1.95 points or 0.03 percent at 5,909.25 points.
Sector-wise, information technology (IT), metal, healthcare, technology, entertainment and media (TECk) and power
companies scrip gained.
However, banks, capital goods, automobile, public sector undertakings (PSU) and oil and gas stocks declined.
The S&P BSE IT index gained 108.94 points, metal index was up 80.70 points, followed by healthcare index which
was higher by 78.02 points, TECK index rose 45.14 points and power index increased by five points.
Heavy selling pressure was observed in bank index, which was down 133.17 points, capital goods index was down
38.05 points, automobile index was down 32.21 points, PSU index was lower by 23.71 points and oil and gas index
declined by 17.72 points.
Keywords: Sensex, profit-booking
Printable version | Oct 14, 2013 6:12:30 AM | http://www.thehindu.com/business/markets/sensex-down-21points/article5209128.ece
The Hindu

6WRFNVIDOODVGHEWGUDPDFRQWLQXHV2FW
Stocks fall 1% as debt drama continues

%\0DXUHHQ)DUUHOO#PDXUHHQPIDUUHOO2FWREHU30(7
NEW YORK (CNNMoney)
The debt ceiling deadlock is finally starting to rattle investors.

During the first six days of the government shutdown, investors had a relatively blas attitude toward the drama in
Washington. But as a critical Oct. 17 deadline approaches, stocks continue to fall.
The Dow Jones industrial average, the S&P 500, and the Nasdaq closed down nearly 1% Monday.
Congress waiting for a sell-off? Several analysts say that a sharp sell-off in stocks could be the one thing that pushes Congress to
act swiftly.
So far, stocks have been holding up pretty well..
"A resilient stock market and a cloudy economic picture increase the risk of an extended shutdown in our view," Bank of America
analysts wrote in a report over the weekend.
The government shutdown is in day 7, and lawmakers appear no closer to resolving the impasse.
Related: Shutdown, debt ceiling uncertainty looms
Sounding the alarm on the debt ceiling: Treasury Secretary Jack Lew said Sunday that Congress was "playing with fire," with
the possibility of a U.S. default only a little over a week away.
Deutsche Bank analyst David Bianco thinks the lack of a debt resolution will drag on the S&P 500 this week, but says there's
little chance that the U.S. will default.
However, if it does, Bianco says the S&P 500 could sink 45%.
That echoes the sentiment of ETX Capital market strategist Ishaq Siddiqi, who said the debt ceiling debacle could lead to a
"subsequent meltdown of global asset prices."
Last week, Bank of America analysts said the government shutdown wouldn't impact fourth-quarter GDP growth. But over the

6WRFNVIDOODVGHEWGUDPDFRQWLQXHV2FW
weekend, they changed their tune and lowered growth estimates for the fourth quarter to a 2% annual rate from 2.5%.
Related: Fear & Greed Index, still dwelling in fear
Earnings kick off this week: The first corporate results for the third quarter come out Tuesday, when aluminum maker Alcoa
( AA, Fortune 500) reports after the market close.
Two of the biggest banks -- Dow component JPMorgan Chase ( JPM, Fortune 500)and Wells Fargo ( WFC, Fortune 500) -report Friday morning. Bank stocks, including JPMorgan, Bank of America ( BAC, Fortune 500), Citigroup ( C, Fortune 500),
and Goldman Sachs (GZPHF), dropped nearly 2%.
Analysts fear that weak third-quarter earnings could also weigh on stock prices.
Related: Fed taper won't cause another Asia financial crisis
What's moving: Shares of Apple (

Misek.
AAPL, Fortune 500) rose after the iPhone maker was upgraded by Jefferies analyst Peter
"$AAPL Haters be Damned, Peter Misek Has Been Great on Apple (AAPL) Target = $600 http://stks.co/alZL Bullish,"
StockTwits users TimZ wrote.
Still with Apple down nearly 30% from its all-time highs hit in 2012, many investors are still skeptical. "$AAPL "It's Tough to Get
Past the Idea That Tim Cook Has 'No Clue'" http://stks.co/blUN," wrote ValTheGal.
Shares of BlackBerry (
BBRY)gained nearly 4% on talk that new buyers are emerging for the troubled smartphone maker.
The buyers, according to reports, could consider buying Blackberry in parts. That's giving investors at least some hope that a
deal may actually get done.
"$BBRY $BB.CA Financial Post: "BlackBerry survival seen in security not smartphones" http://stks.co/tVS7 Bullish," rgb66rgb
wrote on StockTwits.
But some traders noted that looking at BlackBerry is a far cry from buying it.
"$BBRY Any Large corp looking for growth, will analyse the potential of any company, specially those with Billions in revenues,"
wrote i7up2001.
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How the Dow Jones Industrial Average Did

on Monday
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OLIVIA CULPO
October 7, 2013 (AP)

By The Associated Press
/LNH
0 Comments
The Dow Jones industrial average fell on Monday as few signs emerged of a
deal to end the U.S. government shutdown and raise the nation's borrowing
limit. The Standard & Poor's 500 index dropped to its lowest level in a
month.
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Lawmakers have until Oct. 17 to reach a deal on increasing the nation's debt ceiling. Failure to
strike a deal could cause the United States to miss payments on its debt. The Treasury warned last
week that a default could push the economy into a downturn even worse than the Great
Recession.
The Dow Jones industrial average fell 136.34 points, or 0.9 percent, to close at 14,936.24.
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The S&P 500 declined 14.38 points, or 0.9 percent, to 1,676.12.

The Nasdaq composite dropped 37.38 points, or 1 percent, to 3,770.38.
PHOTO GALLERIES
For the year so far:

The Dow is up 1,832.10 points, or 14 percent.
The S&P 500 is up 249.93 points, or 17.5 percent.
The Nasdaq is up 750.87 points, or 24.9 percent.
/LNH
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MARKET WATCH: Crude prices fall on news of stock build - Oil & Gas Journal
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Home More General Interest MARKET WATCH: Crude prices fall on news of stock build
MARKET WATCH: Crude prices fall on

news of stock build
OIL & GAS JOBS
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HOUSTON, Oct. 10
10/10/2013
By OGJ editors
Print
0
Crude oil futures prices fell Oct. 9 on news of a larger-than-expectedFacebook
build in inventories from the US Energy
Information Administration. Natural gas prices also dipped.
8
Ahead of the bell, as trading began Oct. 10, equity, crude, and natural gas futures are all in the green as
lawmakers indicated they may be open to a short-term increase in the
Twdebt
itter ceiling, said analysts at Raymond
James & Associates Inc.
0
Meanwhile, RJA analysts said, This weeks petroleum inventories update was bearish relative to consensus. The
Big Three inventoriescrude, gasoline, and distillatescollectively
rose 3.8 million bbl compared with consensus
LinkedIn
expectations for a build of 1.5 million bbl, they said.
0
Crude inventories had their largest build in 6 weeks: 6.8 million bbl, they said, adding, Total petroleum inventories
were up 1.7 million bbl and are now 30.4 million bbl above year-ago levels.
8 from 89%. Total petroleum imports,

EIA reported that refinery utilization is continuing to decline, falling to 86%
meanwhile, were 10 million b/d, down from 10.2 million b/d last week.
Share
Energy prices
The NYMEX November and December crude contracts each lost $1.88 on Oct. 9 to settle at $101.61/bbl and
$101.43/bbl, respectively.
Heating oil for November delivery dropped 1.5 to a rounded $3.02/gal on NYMEX. Reformulated gasoline stock for
oxygenate blending for November edged down a little less than a penny to a rounded $2.62/gal.
The November natural gas contract fell 3.7 to a rounded $3.68/MMbtu on NYMEX. On the US spot market, the gas
price at Henry Hub, La., edged up less than a cent to $3.70/MMbtu.
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In London, the November IPE contract for North Sea Brent crude declined by $1.10, settling at $109.06/bbl. The
December contract for Brent dropped $1.14 to $108.27/bbl. The October contract for gas oil decreased by $10.25 to
$925.25/tonne.
The Organization of Petroleum Exporting Countries reported its basket of 12 benchmark crudes fell 42 on Oct. 9 to
$106.94/bbl.
0
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Crude Oil, Gas, and Metals Prices.html
Brent Crude Oil
$111.28
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$102.02
-0.99 -0.97%
2013.10.13 end-of-day
Commodities
Crud e Oil
102.02
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Na tura l G a s
3.78
+1.40%
G a soline
2.67
-1.12%
He a ting Oil
3.03
-1.16%
G old
1268.00
-2.26%
Silve r
21.22
-2.99%
Cop p e r
3.27
+0.74%
2013.10.13 end-of-day
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Oil Falls on Demand Worries | Fox Business

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Mainstreet
Global oil prices fell towards $110 per barrel on Monday on
Print
expectations that Iranian nuclear talks will ease tensions, while a
Em ail
What's this?
looming deadline to head off a U.S. default stoked worries about the
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outlook for demand.

0
12
Brent futures fell by a dollar to $110.28 before paring some losses to

trade down about 83 cents at $110.45 at 1039 GMT. U.S. oil pared
Share
early gains and was down 75 cents at $101.27 a barrel.

"Oil is falling on the possibility of talks with Iran bearing fruit. That
Patriot Act author sues Obama

Administration over NSA
Weekly Jobless Claim s Hit Highest Level Since
March
possibility is the main factor. The U.S. budget deadlock is also

weighing," said Christopher Bellew, an oil trader at Jefferies Bache.
Analysis Paralysis to be Eased by Govt

Shutdow n
Talks about Iran's nuclear programme are due to start in Geneva on

Tuesday and will be the first since the election of Iranian President
MOST POPULAR STOCKS
Hassan Rouhani, who has tried to improve ties with the West to pave
AAPL
+0.15%
the way for an end to sanctions.
APPLE INC.
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Iran's nuclear negotiator voiced hope on Monday that his country and
world powers could agree on a road map to resolve a standoff that
has helped support oil prices for nearly a decade.
Years of sanctions have cut Iranian oil exports by more than 1 million
barrels per day (bpd).
www.foxbusiness.com/industries/2013/10/14/oil-falls-on-demand-worries/
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Bellew said declines in Brent would be limited, however, by

expectations that any easing in sanctions will not come quickly.
Citi analysts said in a note to clients that hopes for the Iranian talks
were probably running too high.
"There are several large obstacles that need to be confronted before
a significant lifting of sanctions could be at hand. These obstacles are
both regional and domestic," they said.
The spread between Brent and WTI has widened in the past two
weeks as the U.S. budget crisis has weighed more heavily on its
domestic contract than on Brent.
Weekend talks to avert a U.S. government debt default showed signs
of progress on Sunday, but there were still no guarantees that a
government shutdown was about to end.
The prospect of a debt default in one of the world's largest oil
consumers has had an adverse effect on the demand outlook, though
a weaker dollar has offered some support for oil by making the dollardenominated commodity cheaper for importers.
"Markets are hamstrung by what's going on in the U.S. If they go over
the deadline, that will make people really nervous," Michael Hewson,
an analyst at CMC Markets in London, said.
CHINA EXPORTS
An unexpected decline in Chinese exports in September also
weighed on oil prices. Exports fell an annual 0.3 percent in
September versus market forecasts for a rise of 6 percent, reflecting
weak global demand and going against a recent slew of data that
pointed to a stabilising Chinese economy.
Nevertheless, data over the weekend showed China's crude oil
imports rebounded in September to a record high of 6.25 million bpd,
up 28 percent on the year and topping the previous record of 6.15
million bpd in July.
"While the rebound was in part due to restocking and pre-holiday
front-loading, underlying demand will likely remain healthy in the fourth
quarter on year-end manufacturing activity," Sijin Cheng, commodity
analyst at Barclays in Singapore, said in a note.
Chinese GDP data will be released on Friday.
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Crunches Expedia
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Pressure
Need Cheap Medication? Move to Maine
WSJ: Shutdow n Unlikely to Affect Markets

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J.C. Penney's Startling Custom er Service Problem

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Oil prices drop on fears of US default | Sky News Australia

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Oil prices drop on fears of US default

Updated: 05:02, Tuesday October 15, 2013
Cochlear expects steady profit in 2014

RBA says rate cut still a possibility
Aust share market posts strong gains
$A strong on signs of a US debt deal
Toyota to cuts jobs and slash costs
New car sales fall in September
Bank of Tokyo challenge 'likely to fail'
Japan PM to vow strong economy
Tourism Australia boss resigns
Telstra to maintain 4G spend
03:51 PM:
Global oil prices have fallen with top crude consumer the United States facing the prospect of a potentially
devastating sovereign debt default.
New York's main contract, West Texas Intermediate (WTI) for delivery in November dropped on Monday 16
cents to $101.86 per barrel.
Brent North Sea crude for November slid 91 cents to stand at $110.37 a barrel in London late afternoon
trade.
'Crude oil prices retreated ... as the US budget issues in Washington weighed on market sentiment and raised
persistent concerns about a slowdown in the US oil demand,' said Sucden brokers analyst Myrto Sokou.
Vics set WA 332 for victory

03:42 PM:
At least 20 killed in Philippines quake

03:42 PM:
At least 20 killed in Philippines quake

03:29 PM:
Union protests job cuts at Telstra AGM

03:26 PM:
RBA says rate cut still a possibility
Investors are keeping a close eye on Washington as Democrats and Republicans try to work out a deal to
reopen the federal government and raise the country's borrowing limit before a October 17 deadline.
'The main focus remains on the US debt ceiling and government shutdown as the markets are hoping for a
resolution to the issue before Thursday's deadline,' added Sokou.
With the US expected to run out of cash to pay its bills on Thursday, President Barack Obama has urged
Republicans to agree to a debt ceiling hike.
Failure to raise the spending limit would mean a default that could ravage demand in the world's top oil
consuming nation - and tip the global economy back into recession, analysts said.
Japan and the world's top energy user China - which between them hold more than $US2.4 trillion ($A2.55
trillion) of US debt - have urged the US to get its house in order.
'With only three days to go before the US tips over the soft deadline of its debt ceiling, progress on Capitol
Hill seemed to come to a standstill,' Desmond Chua, market analyst at CMC Markets in Singapore, said in a
note.
'The ball is now thrown back into the Senate's court, with market watchers hoping that less conservative
Republicans in the Senate will support a longer debt limit extension with no conditions attached.'
Crude futures had retreated on Friday after an International Energy Agency report highlighted the surge in
production from North America and some other countries.
Analysts pointed to a report by the IEA, which represents energy-consuming countries, that said third-quarter
growth in output from nations outside the Organization of the Petroleum Exporting Countries (OPEC) rose by
1.7 million barrels a day compared with last year.
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Crude & Brent Oil Weekly Fundamental Analysis October 14-18, 2013 Forecast Fx Empire Network
Home Fundamental Analysis

14-18, 2013
Fundamental Reports
Crude & Brent Oil Weekly Fundamental Analysis October
Crude & Brent Oil Weekly Fundamental Analysis October 1418, 2013 Forecast
By FX Empire Analyst - Barry Norman
Get Forex buy/sell
Weekly Analysis and Recommendation:
signals directly to your

email and by SMS.
To learn more click here
Crude Oil ended the week at 101.63 down close to $2

from the opening on Monday and off the low of the week at
100.63, for a minute it looked like crude would fall below $100.00 on Friday. Brent Oil
ended the week with a wide spread against crude oil, closing at 110.95 leaving the
spread at over $10.00. World oil demand rose to 91 million barrels a day in 2013 and
Crude & Brent Oil Weekly
Fundamental Analysis
October 14-18, 2013
not 90 million barrels a day as previously estimated, the International Energy Agency
(IEA) reports. The upward revision is tied to a recovery in Europes economic activity,
while instability in the Middle East and North Africa continues to keep prices high. The
IEA estimates oil demand in 2014 will increase by 1.1 million barrels a day.
Forecast
The Energy Information Administration said today it ceased operations and
furloughed staff, stopping publications including the 34-year-old Weekly Petroleum
Status Report on Wednesdays, which includes crude oil and gasoline data. The suspension means the market will
turn to commercial reports from organizations such as the American Petroleum Institute, an industry-funded group that
gives paying subscribers first access to the information. Oil rigs fell by five to 1,367, data posted on the companys
website show. The gas count dropped nine to 369, the Houston-based field services company said. Miscellaneous
rigs, which usually drill for geothermal energy, rose one to seven. The count declined in September by the most in nine
months, losing 32, as producers leveraged new technologies to shorten drill times and bore more wells off single
pads. The advances have weakened demand for new rigs and helped boost domestic oil production to the highest
level in more than two decades.
U.S. oil output totaled 7.81 million barrels a day last week, near a 24-year high, according to the EIA, the Energy
Departments statistical arm. Stockpiles rose by 6.81 million barrels, or 1.9 percent, to 370.5 million.
Date
Last
Open
High
Low
Change %
Oct 11, 2013
101.63
102.80
102.89
100.63
-1.14%
Oct 10, 2013
102.81
101.56
103.57
101.21
1.23%
Oct 09, 2013
101.56
103.62
103.75
101.21
-1.99%
Oct 08, 2013
103.62
103.14
104.06
102.86
0.47%
Oct 07, 2013
103.14
103.45
103.72
101.88
-0.33%
The closure of the EIA came at a time when 24-year high crude production has boosted inventories and reduced price
fluctuation in West Texas Intermediate crude, the U.S. benchmark. Implied volatility for at-the-money December
options, a measure of expected futures swings and a key gauge of value, dropped to 19.8 percent on Oct. 4, the lowest
level since April. The gauge was at 20 percent at 3:55 p.m., according to data compiled by Bloomberg.
FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in
three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we
provide more recent analysis and information in our weekly reports and we provide daily updates and outlooks.
Historical: From 2011 to Present
Highest: 110.55 on Mar 01, 2012
www.fxempire.com/fundamental/fundamental-analysis-reports/crude-brent-oil-weekly-fundamental-analysis-october-14-18-2013-forecast/
1/2
10/15/13
Crude & Brent Oil Weekly Fundamental Analysis October 14-18, 2013 Forecast Fx Empire Network
Average: 93.60 over this period

Lowest: 74.95 on Oct 04, 2011
WEEKLY
This Week in Petroleum

Release Schedule: Wednesday @ 1:00 p.m. EST (schedule)
Gasoline and Diesel Fuel Update
Release Schedule: Monday between 4:00 and 5:00 p.m. EST (schedule)
Weekly Petroleum Status Report
Release Schedule: The wpsrsummary.pdf, overview.pdf, and Tables 1-14 in CSV and XLS formats, are
released to the Web site after 10:30 a.m. (Eastern Time) on Wednesday.
Top Stories
AUD/USD Forecast
October 15, 2013,
Technical Analysis
GBP/USD Forecast October 15,

2013, Technical Analysis
EUR/USD Forecast
October 15, 2013,
Technical Analysis
USD/JPY Fundamental
Analysis October 16,
2013 Forecast
www.fxempire.com/fundamental/fundamental-analysis-reports/crude-brent-oil-weekly-fundamental-analysis-october-14-18-2013-forecast/
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Wall Street Shaken by Debt Worries | Fox Business

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U.S. equities ended a volatile day sharply lower as traders lost hope
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Oil Falls on Demand
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In Washington, D.C., traders initially grew more hopeful that

lawmakers would strike an agreement to raise the debt ceiling before
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idea" whether a debt deal will be passed by Thursday, underscoring

the still tense mood on Wall Street.
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Outw eighs QE Risk
Analysts at Potomac Research Group warned in a note to clients that

legislation could run into two major hurdles. First, since a bill is likely
to originate in the Senate, it could face up to two filibuster attempts.
Second, a more worrisome, according to PRG, is the high chance the
bill will face stiff resistance by Republicans in the House of
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Representatives.
Jobs Reports
Adding to the increasingly gloomy sentiment, Senate Majority Leader

Harry Reid said credit ratings companies were considering a
downgrade on U.S. debt. Moody's Investor Service and Fitch Ratings
both declined to provide details on their plans, while Standard &
Poor's didn't immediately respond to a FOX Business request for
comment.
Filling the void of government

economic data
Weekly Jobless Claim s Hit Highest Level Since
March
Citigroup (C) posted adjusted third-quarter earnings of $1.02 a
Analysis Paralysis to be Eased by Govt

Shutdow n
share, missing estimates by two cents. Adjusted revenues of $18.2

billion also came in shy of expectations of $18.6 billion. Johnson &
Johnson (JNJ) unveiled adjusted third-quarter earnings of $1.36 a
MOST POPULAR STOCKS
share, topping estimates by four cents. Revenues of $17.6 billion also

beat forecasts of $17.4 billion. Coca-Cola (KO) revealed adjusted
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third-quarter profits of 53 cents a share on sales of $12.03 billion,

matching Wall Streets estimates.
On the economic front, the New York Federal Reserves
16.97
4:00 PM
49.50
4:00 PM
manufacturing index fell in October to 1.52, widely missing estimates

the gauge would rise to 7 from 6.29 in September. Readings above 0
point to expansion in the New York manufacturing sector, while those
below indicate contraction. The reading is the lowest since May.
24.19
4:00 PM
14.24
4:00 PM
In commodities, U.S. crude oil futures dipped 91 cents, or 0.89%, to

$101.49 a barrel. Wholesale New York Harbor gasoline fell 0.4% to
$2.656 a gallon. Gold tumbled $15, or 1.2%, to $1,262 a troy ounce.
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Investors wait for Washington to get act together - Oct. 15, 2013
Stocks tumble as deal hopes fall apart

By CNNMoney Staff @CNNMoneyInvest October 15, 2013: 4:42 PM ET
NEW YORK (CNNMoney)
U.S. stocks ended in the red Tuesday as lawmakers in Washington continued to wrangle over a budget deal.
The major indexes started the day slightly lower and a sell-off accelerated in afternoon trading. The Dow Jones Industrial
Average dropped more than 100 points, or nearly 1%, and the S&P 500 fell 0.7%. It was the first decline in five days for
both indexes. The Nasdaq declined 0.6% following three straight days of gains.
Senate leaders had said earlier Tuesday they made "tremendous progress" toward an agreement to end the partial
government shutdown and raise the debt limit, but hopes were starting to evaporate following reports that talks to boost
the debt ceiling may be falling apart.
Even if the Senate makes a deal, it still needs to win support in the House of Representatives, which is far from certain.
Plus, the House is working on its own proposal that would include provisions to make changes to Obamacare.
Though Washington still seems to be divided, most investors are still expecting a resolution before the Thursday deadline
when Treasury has said it will start to run out of money to pay all its bills on time.
"Every time [the debt ceiling debate] approaches a crisis phase, a temporary measure has been implemented to postpone it
into the future," said Doug Roberts, chief investment strategist at Channel Capital Research. " Both sides do not seem to
want a crisis to develop because of the dire consequences. There is no reason to believe that a similar postponement will
not being enacted at this juncture."
Related: Fear & Greed Index continues to show investor fear
Investors avoid short-term government bonds: Meanwhile, there was weak demand for short-term Treasury bills during
two closely-watched auctions Tuesday. That could be a troubling sign.
Three-month bills were sold at a yield of 0.13%, the highest since February 2011. That's even higher than the 0.09% at
which existing 3-month Treasury bills are trading. The bid-to-cover ratio, which a is a measure of demand, was the lowest
since July 2009.
Investors demanded a 0.15% yield, the highest in almost a year, on 6-month Treasury bills. The bid-to-cover ratio was the
lowest since October 2009.
money.cnn.com/2013/10/15/investing/stocks-markets/index.html?iid=HP_LN
1/3
10/15/13
Yields on short-term Treasury bills have spiked recently as investors avoid debt that could be impacted by a U.S. default.
Earnings kick into high gear: Citigroup ( C, Fortune 500) was the latest big bank to disappoint investors. The
company reported third quarter profits and revenues that fell short of analysts' expectations. The bank noted that the spike
in interest rates over the summer caused a slowdown in new mortgages and refinancings, as well as bond trading.
Coca-Cola ( KO, Fortune 500)reported an increase in its third-quarter profit, as global sales volume rose 2%. Johnson &
Johnson ( JNJ, Fortune 500) shares moved higher after the company reported gains in quarterly sales and profit.
Coke quenches traders' thirst

Intel (
INTC, Fortune 500) shares rose in after-hours trading after topping earnings and revenue forecasts.
Yahoo ( YHOO, Fortune 500) shares also edged higher in after-hours trading. The company reported revenue in line with
estimates, and beat earnings expectations.
Yahoo also announced positive news related to Alibaba, the hot Chinese e-commerce company of which Yahoo owns a
24% stake. Alibaba is preparing for an initial public offering, and Yahoo revealed that it will have to sell fewer of its Alibaba
shares in the IPO than previously planned.
J.C. Penney ( JCP, Fortune 500) shares slid sharply as the struggling retailer continues to face doubts about its future.
Shares dropped almost 9% to a 30-year low.
FedEx ( FDX, Fortune 500) shares rose sharply after the shipping giant announced plans to buy back 32 million shares,
bolstering its existing share repurchase program.
"$FDX the government may be shut down, but retail and corporate america is not!" said howardlindzon on StockTwits.
Tesla ( TSLA) and Microsoft (
the stocks.
MSFT, Fortune 500) gained ground after Wall Street analysts upgraded their ratings on
Meanwhile, Facebook ( FB, Fortune 500) shares jumped after Evercore analysts said they believe the social media
company's stock will rise to $60 and reiterated their overweight rating. The stock shaved some gains as the broader market
slipped into the red. But StockTwits traders seemed optimistic.
"$FB unless something COMPANY RELATED comes out, all of these macro dips are just noise," said AllEyesOnEd. "This
name has conviction, use your opportunities. Bullish."
Related: Most world markets rise despite debt ceiling drama
Apple ( AAPL, Fortune 500) shares moved higher, briefly crossing $500 a share for the first time in over a month. The
company sent invitations Tuesday to a special event on October 22. The new iterations of the iPad and iPad mini are
expected to be the focus.
The text of the invite read, "We still have a lot to cover." StockTwits users speculated what the company might be hinting.
2/3
10/15/13
"$AAPL "We still have a lot to cover" They have to still cover China, is China Mobile announcement coming?" asked
ibargain.
StockTwits user bittercheaperfaster wondered if the comment could mean "a bigger screen iPad."
Trader coterotie had another thought, and joked about how there are still some short sellers betting against the stock:
"$AAPL "we still have a lot to cover" your shorts!!"
Meanwhile, Apple poached high-profile Burberry CEO Angela Ahrendts to take charge of retail and online stores. The
move comes as Apple attempts to improve its fortunes in China, a market in which Ahrendts has had great success in the
past. Burberry ( BBRYF) shares fell almost 9% in London following the news.
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Brent Crude Oil
$109.96
-1.08 -0.98%
2013.10.15 end-of-day
WTI Crude Oil
$101.21
-1.20 -1.19%
2013.10.15 end-of-day
Commodities
Crud e Oil
101.21
-1.19%
Na tura l G a s
3.79
-0.79%
G a soline
2.66
-0.26%
He a ting Oil
3.02
-0.49%
G old
1273.00
-0.27%
Silve r
21.15
-0.78%
Cop p e r
3.30
2013.10.15 end-of-day
Add to your site
Price
Change
2013.10.15 - $ 101.21
-1.20 -1.19%
1 Year Forecast
$116 / Barrel
1/2
10/17/13
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Crude Falls to Three-Month Low After Supply Report - Bloomberg
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Crude Falls to Three-Month Low After

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By Moming Zhou - Oct 23, 2013 12:50 PM ET
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6 COMMENTS
Q QUEUE
U.S. Stocks Drop After 5-Day Rally on Earnings

Forecasts
West Texas Intermediate crude fell to a three-month low as supplies rose more than expected
in the U.S., the biggest oil-consuming country.
The Curious Case of the Dismemberment Plan
Prices dropped as much as 2.2 percent. Crude inventories climbed 5.25 million barrels last
week, the Energy Information Administration said. Analysts surveyed by Bloomberg estimated a
gain of 3 million. Stockpiles at Cushing, Oklahoma, increased for a second week and domestic
production jumped to the most in 24 years.
Blackstone Funding Largest U.S. Single-Family

Rentals
Q
Ethanol Falls as Production Jumps to Highest Level
in 16 Months
The report adds up to a pretty bearish signal to the market, said Julius Walker, global energy
markets strategist at UBS Securities LLC in New York who forecast WTI will average $95 this
Apple Bets on Fan Devotion in IPad Debut at Higher

Price
quarter. The striking thing is another Cushing build in addition to the total U.S. build.
Fundamentals are gradually easing.
One Way Apple Is as Lame as Nokia
WTI for December delivery slid $1.52, or 1.6 percent, to $96.78 a barrel at 12:23 p.m. on the
Most Popular On
New York Mercantile Exchange after falling to $96.16, the lowest level since July 1. The volume
of all futures traded was 38 percent more than the 100-day average for the time of day.
Brent for December settlement declined $1.74, or 1.6 percent, to $108.23 a barrel on the
London-based ICE Futures Europe exchange. The volume of all futures traded was 53 percent
McDonalds New 'Dollar Menu' Goes Up to $5

Why Apple Wants Its Software to Be Free
The Best Soccer Trick Shot You'll See All Week
above the 100-day average. WTIs discount to Brent narrowed to $11.45 from $11.67 yesterday.
It widened to $13.37 earlier, the most in six months.
Microsoft's Tablet Strategy Is Straight Out of the

Thunderdome
Supplies Increase
BCS Rankings, in Debut Week, Rarely Forecast the

Championship
U.S. crude supplies rose to 379.8 million barrels last week, the most since June 28, according
Visit Businessw eek.com
to the EIA, the Energy Departments statistical arm. They have climbed 24.2 million barrels, or
6.8 percent, in the last five weeks.
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Fundamentally, its a weak market for WTI, said Tariq Zahir, a New York-based commodity
U.S. Gasoline Falls to Nine-Month Low in Lundberg

Survey
by Taboola
fund manager at Tyche Capital Advisors. Everything points to lower prices.

Stockpiles at Cushing, the delivery point for WTI futures, increased 358,000 barrels to 33.3
million. Supplies at the hub dropped in the 14 weeks ended Oct. 4, the longest streak since EIA
began publishing data from Cushing in 2004, as improved pipeline networks and rail moved
WTI Crudes Slide Below $100 to Extend by Years

End
Q
WTI Crude Falls Below $98 for First Time Since

July
Q
more oil to Gulf Coast refineries.

The bottleneck there is not fully resolved, and crude is backing up in the Cushing area again,
Dollar Gains as Treasuries, Oil Fall; Stocks

Fluctuate
Q
Walker said.
www.bloomberg.com/news/2013-10-23/crude-falls-to-3-month-low-on-forecast-u-s-supply-rise.html
1/4
10/23/13
Crude Falls to Three-Month Low After Supply Report - Bloomberg

JPMorgan Sells Chase Manhattan Plaza in NYC to
Chinas Fosun
Production Climbs
U.S. crude production grew 6.3 percent last week to 7.9 million barrels a day, the most since
Putin Builds North Korea Rail to Circumvent Suez

Canal
March 1989. A combination of horizontal drilling and hydraulic fracturing, or fracking, has
unlocked supplies in shale formations in North Dakota, Texas and other states.
Job Search
People are starting to realize that its hard to be bullish, given the rising inventory levels, said
Renewable Energy jobs
Michael Lynch, president of Strategic Energy & Economic Research in Winchester,
Wind Energy jobs
Massachusetts.
Alternative Energy jobs
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Oil and Gas jobs
Gasoline stockpiles fell 0.8 percent to 215.5 million barrels and distillate fuels, including heating
Energy Engineer jobs
oil and diesel, climbed 1.2 percent to 125.8 million.
Solar Energy jobs

Energy Analyst jobs
Refineries operated at 85.9 percent of capacity, the lowest level in almost six months. Total
Energy Sales jobs
petroleum demand dropped 3.8 percent to 18.3 million barrels a day. The four-week average
Natural Gas jobs
was 18.7 million, a 17-week low.
Energy Research jobs

Energy Trading jobs
Crude stockpiles in China, the second-largest consuming country after the U.S., rose to a
record in September, based on data going back to January 2010.
Oil Industry Director jobs

Search All Jobs
Title or Company
China Supplies
jobs by
Location
Go
Commercially held supplies increased 1.4 percent from August, according to a report today
from China Oil, Gas & Petrochemicals, a newsletter published by the official Xinhua News
Agency. Thats 32.4 million metric tons, or 237.6 million barrels, Bloomberg calculations based
on the data show.
The Asian nation accounted for 11 percent of global oil consumption this year, compared with
21 percent for the U.S., according to the International Energy Agency.
The market is really pricing in the well-supplied fundamentals in the U.S. and China, said Rich
Ilczyszyn, chief market strategist and founder of Iitrader.com in Chicago.
Iraq, the second-largest oil producer in the Organization of Petroleum Exporting Countries,
reiterated plans to boost crude output and exports by the end of the year as demand from Asian
buyers strengthens.
Production will rise to 3.5 million barrels a day by the end of December and increase further in
2014, Oil Minister Abdul Kareem al-Luaibi told reporters in Baghdad today. Iraqs output is about
3.3 million barrels a day, Deputy Prime Minister Hussain Al-Shahristani said a week ago.
Implied volatility for at-the-money WTI options expiring in December was 21.1 percent, up from
20.5 percent yesterday, according to data compiled by Bloomberg showed.
Electronic trading volume on the Nymex was 504,846 contracts as of 12:21 p.m. It totaled
774,795 contracts yesterday, 24 percent higher than the three-month average. Open interest
was 1.79 million contracts.
To contact the reporter on this story: Moming Zhou in New York at mzhou29@bloomberg.net
To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net
More New s: Commodities Energy Markets Energy Industry
6 COMMENTS
Q QUEUE
www.bloomberg.com/news/2013-10-23/crude-falls-to-3-month-low-on-forecast-u-s-supply-rise.html
2/4
10/23/13
Brent Crude Oil
$107.80
-2.17 -2.01%
2013.10.23 end-of-day
WTI Crude Oil
$96.86
-1.49%
-1.44
2013.10.23 end-of-day
Commodities
Crud e Oil
96.86
-1.49%
Na tura l G a s
3.62
+1.05%
G a soline
2.55
-2.52%
He a ting Oil
2.92
-2.53%
G old
1333.90
-0.64%
Silve r
22.58
-0.76%
Cop p e r
3.27
-1.90%
2013.10.23 end-of-day
Add to your site
Price
Change
2013.10.23 - $ 96.86
-1.44 -1.49%
1 Year Forecast
$111 / Barrel
1/2
10/23/13
Oil falls to near $97 on ample supplies | RedlionTrader
Oil falls to near $97 on ample supplies

By : CBSNews
NEW YORK The price of oil fell another 1 percent Wednesday on higher U.S.
supplies of crude and weak demand for fuel.
Benchmark U.S. crude for December delivery was down $1.15 to $97.15 a
barrel in midday trading in New York. The price has fallen 5 percent over the
last week to its lowest level since late June.
Brent crude, which is used to price international oil used at many U.S.
refineries, was down $1.32 to $108.65 per barrel in London.
The U.S. Energy Department said in a report issued Wednesday that oil
inventories rose by 5.2 million barrels over the past week. That followed the
governments report released Monday that showed a 4 million barrel
increase in crude supplies for the week ended Oct. 11.
Gasoline inventories decreased by 1.8 million barrels, but supplies of both
oil and gasoline are at the upper range of their average over the past five
years.
https://www.redliontrader.com/oil-falls-to-near-97-on-ample-supplies/
1/2
10/23/13
Oil falls to near $97 on ample supplies | RedlionTrader
Demand for fuels fell 1.5 percent compared to the same period last year.
Oil analyst Jim Ritterbusch said in a report Wednesday that the market
looked oversupplied because of rising U.S. production.
Another factor in oils recent decline, analysts say, is reduced risk of supply
disruptions out of the Middle East and a possible return of more Iranian
crude to the global market as talks between Iran and the West over Irans
nuclear program have re-started.
In other energy futures trading on the New York Mercantile Exchange:
- Wholesale gasoline fell 5 cents to $2.57 a gallon.
- Natural gas rose 5 cents to $3.63 per 1,000 cubic feet.
- Heating oil slipped 5 cents to $2.94 a gallon.
This entry was posted in StreamingNews on October 23, 2013 [https://www.redliontrader.com/oil-falls-tonear-97-on-ample-supplies/] by
CBSNews
. Hello
https://www.redliontrader.com/oil-falls-to-near-97-on-ample-supplies/
2/2
10/23/13
Sensex down 29 points on weak global trends - The Hindu
Business Markets
Sensex down 29 points on weak global trends

PTI
The BSE benchmark Sensex fell by 29 points on Tuesday. Photo: Vivek Bendre
The Hindu
The BSE benchmark Sensex on Tuesday fell 28.92 points on selling in bluechips like RIL and Hero MotoCorp, amid
weak global cues ahead of key U.S. job data that may influence the timing of Feds anticipated move to taper the
economic stimulus.
The 30-share index, which had climbed to three-year high in the previous session, fell by 28.92 points, or 0.14 per
cent to 20,864.97. The gauge shuttled between 20,948.91 and 20,810.25 intra-day but prevailing caution forced
investors from taking fresh long positions, traders said.
In Sensex, 15 stocks ended lower and 14 climbed, while Tata Motors remained unchanged. Reliance Industries
dropped 1.07 per cent to Rs. 903.60, after gaining more than five per cent in the last three sessions. Hero MotoCorp
shares lost 1.37 per cent to end at Rs. 2,069.95 before quarterly earnings.
The BSE benchmark had climbed to its highest level since November 2010 on Monday as more companies posted
earnings higher than market expectations. Sustained capital inflow also helped local stocks rise, experts said.
The global mood on Tuesday, however, was tepid with the U.S. Labor Department expected to announce the jobs data
at 8:30 am Washington time. The U.S. Fed is expected to hold policy meetings on October 29-30 and December 17-18.
Stocks mostly stayed weak in Asian and the opening was also lower in Europe.
The broad-based National Stock Exchange index Nifty declined 2.15 points, or 0.03 per cent, to end at 6,202.80, after
moving between 6,220.10 and 6,181.80. MCX-SXs SX-40 index closed at 12,403.16, up 4.3 points or 0.03 per cent.
Sectorally, the BSE Consumer durable index fell the most by losing 0.87 per cent, followed by auto index by 0.56 per
cent. Oil and gas index declined 0.28 per cent and realty index by 0.22 per cent.
On the other hand, Power, Capital goods, PSU, IT, TECk, Bank, Healthcare and Metal sector indices ended better and
saved the market from any major fall.
Printable version | Oct 24, 2013 5:27:53 AM | http://www.thehindu.com/business/markets/sensex-down-29-pointson-weak-global-trends/article5261124.ece
www.thehindu.com/business/markets/sensex-down-29-points-on-weak-global-trends/article5261124.ece?css=print
1/2
10/23/13
S&P 500 Recedes from Record Highs | Fox Business

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program after a round of lukewarm data on the labor market.

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according to an analysis by Peter Boockvar, chief market analyst at
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www.foxbusiness.com/markets/2013/10/23/sp-500-recedes-from-record-highs/
1/4
10/23/13
S&P 500 Recedes from Record Highs | Fox Business

Mainstreet
The sharp move that could crimp the bounce-back in the world's No. 2
economy comes on the back of news reports suggesting the country's
central bank could "impose further property measures to curb prices,"
according to analysts at Nomura, a Japan-based investment bank.
What's this?
"Well soon see if Chinese officials are taking another run at slowing
Jobs Reports
excessive bank lending," Boockvar said.

Mixed Earnings
Meanwhile, earnings from blue-chip companies were mixed.
Caterpillar (CAT) revealed third-quarter profits of $1.45 a share on
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as bad as predicted?
sales of $13.42 billion, missing expectations of $1.66 a share on
Jobs Report Further Delays Death of QE
revenues of $14.35 billion. The worlds biggest heavy machinery
Econom y Adds 148K Jobs In Septem ber
maker also said it expects to earn $5.50 a share for the full year,
widely missing Wall Streets view of $6.21 a share. Shares dropped
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nearly 5%.
Boeing (BA) posted adjusted third-quarter earnings of $1.80 a share
on revenues of $22.1 billion, topping estimates of $1.55 a share on
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sales of $21.68 billion. The aerospace giant also upped its full-year
adjusted earnings forecast to $6.50 to $6.65 a share, compared with
83.76
4:00 PM
analysts expectations of $6.52 a share. Shares climbed 4%.

In other corporate news, JPMorgan Chase (JPM) was nearing a $6
billion settlement with institutional investors over the sale of mortgage-
25.70
4:00 PM
51.90
4:00 PM
backed securities leading up the financial crisis, according to a report

by Reuters.
On the economic front, U.S. import prices climbed 0.2% in
September from the month prior, matching expectations. Meanwhile,
export prices rose 0.3% in the first climb since February, compared to
estimates they would remain unchanged. The report was delayed due
to the government shutdown.
U.S. crude oil prices skidded $1.44, or 1.5%, to $96.86 a barrel.
Wholesale New York Harbor gasoline tumbled 2.5% to $2.552 a
gallon. Gold dropped $8.60, or 0.64%, to $1334 a troy ounce.
Foreign Markets
The Euro Stoxx 50 sold off by 1% to 2016, the English FTSE 100
dipped 0.33% to 6674 and the German DAX slumped 0.4% to 8912.
In Asia, the Japanese Nikkei 225 sold off by 2% to 14426 and the
Chinese Hang Seng dropped 1.4% to 23000.
FROM AROUND THE WEB
www.foxbusiness.com/markets/2013/10/23/sp-500-recedes-from-record-highs/
2/4
10/24/13
Profit-taking erases Sensex gains after crossing 21,000 mark - The Hindu
Business Markets
Profit-taking erases Sensex gains after crossing 21,000 mark

PTI
The BSE benchmark Sensex on Thursday crossed the 21,000-mark after nearly three years but frittered away the
gains to close 42 points down as cautious investors booked profits ahead of next weeks RBI monetary policy meet and
monthly expiry of derivative contracts.
The bluechip index, which had surged to 21,039.42 at the outset for the first time since November 2010, gave up
gains to close down 42.45 points, or 0.20 per cent, at 20,725.43.
19 Sensex stocks declined led by Reliance Industries, Infosys, Tata Consultancy Services and Wipro. Coal India, BHEL,
Bajaj Auto, Hero MotoCorp, Dr Reddys, Jindal Steel, NTPC and Tata Steel also saw losses.
The Sensex opened on a strong note despite negative global cues. A sharp drop in crude oil prices may have aided
market sentiments, said Sanjeev Zarbade, Vice President Private Client Group Research, Kotak Securities.
On similar lines, the 50-scrip National Stock Exchange index Nifty fell by 14 points, or 0.23 per cent, to 6,164.35, after
climbing to 6,252.45. Also, SX40 index, the flagship index of MCX-SX, closed at 12,331.32, down 7.5 points.
Across the market, IT, Power and Realty shares ended the session in negative zone while Capital Goods, Auto and
Consumer Durables closed in the green.
Brokers said the rally fizzled out as investors judged the rally as overdone. Also, a section of the market appeared
worried after recent disappointments in earnings led by Jet Airways and Ambuja Cements and booked profits, they
added.
Sectorally, the IT sector index suffered the most by losing 1.77 per cent, followed by Teck index (1.53 per cent), Power
index (1.14 per cent) and Realty index (1.12 per cent).
www.thehindu.com/business/markets/profittaking-erases-sensex-gains-after-crossing-21000-mark/article5268360.ece?css=print
1/2
10/30/13
Stocks Fall as Street Bets on December Taper | Fox Business

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Nasdaq Composite declined 21.7 points, or 0.55%, to 3931.
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Initially markets traded flat on the status quo message. However,

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The Washington Post Business
Peter Boockvar, chief market analyst at The Lindsey Group, said the
sudden dip could just be the result of a highly-bought market.
"I think this is a sell on the news," Boockvar said. "Weve had a
massive run."
What's this?
Jobs Reports
Elsewhere on the economic front, payroll processor ADP said privatesector employment increased by 130,000 in October, shy of
estimates of 150,000.
The report "reinforces the idea that job creation in October isnt going
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Both employment and prices are critical factors for the Federal
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has a dual mandate to keep the unemployment rate at its natural level
while also keeping prices in check. Thus far, the Fed has focused on
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increasing employment since inflation remains beneath its target

26.37
expected third-quarter profits, sending its shares higher. Automakers

are often seen as a proxy for the broader economy and consumer
sentiment.
In commodities, U.S. crude oil futures dipped $1.43, or 1.5%, to
$96.77 a barrel. Wholesale New York Harbor gasoline rose 1.6% to
$2.651 a gallon. In metals, gold rose $3.80, or 0.28%, to $1,349 a troy
ounce.
Foreign Markets
The Euro Stoxx 50 climbed 0.44% to 3064, the English FTSE 100
gained 0.46% to 6806 and the German DAX advanced 0.36% to
9054.
In Asia, the Japanese Nikkei 225 rallied 1.2% to 14502 and the
Chinese Hang Seng surged 2% to 23304.

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Brent Crude Oil
$105.91
-2.93 -2.77%
2013.11.01 end-of-day
WTI Crude Oil
$94.61
-1.87%
-1.77
2013.11.01 end-of-day
Commodities
Crud e Oil
94.61
-1.87%
Na tura l G a s
3.51
-1.94%
G a soline
2.55
-1.63%
He a ting Oil
2.88
-2.49%
G old
1313.10
-0.80%
Silve r
21.80
-0.13%
Cop p e r
3.29
2013.11.01 end-of-day
Add to your site
Price
Change
2013.11.01 - $ 94.61
-1.77 -1.87%
1 Year Forecast
$108 / Barrel
1/2
11/9/13
Sensex plunges 265 points - The Hindu
Business Markets

The major losers were Bajaj Auto, Bharti Airtel, TCS, BHEL, GAIL India, HUL, ICICI Bank, Infosys, ITC, Jindal Steel and L&T.
The Hindu
After closing at its record high last week, the S&P BSE Sensex, on Tuesday, plunged 265 points or 1.25 per cent to
close at 20974.79 following profit-booking in stocks that had surged in the past few sessions. However, buying activity
was witnessed in mid- and small-cap stocks.
The top five losers in the 30-share Sensex included ITC, down 3.52 per cent; ICICI Bank (-3.07 per cent); Sun Pharma
(-2.96 per cent); Dr. Reddys Lab (-2.88 per cent); and TCS (-2.74 per cent).
The Sensex top gainers included Hindalco up 1.47 per cent; Coal India (1.42 per cent) and Tata Motors (1.02 per
cent).
The NSE Nifty also closed with a loss of 64.20 points or 1.02 per cent at 6253.15 due to selling pressure in key stocks.
It was an over-bought market and profit-booking was imminent which happened today. Apart from this, here
emerges a clear-cut sign that the rupee would fall to the level of 63.5 or 64 to a dollar the moment the RBI withdraws
its measures. If the rupee drops, then the FIIs will stop buying, and this was why the market was under selling
pressure, said Deven Choksey, CEO and Managing Director, KR Choksey Share and Securities.
Soft global markets and continued uncertainty about the Feds taper program have resulted in some caution in the
markets on the first day of the new year. The Purchasing Managers Index (PMI) data for October has shown some
improvement month-on-month but continues to be in contraction territory, said Dipen Shah, Head of Private Client
Group Research, Kotak Securities.
Domestic markets were quite strong during last month and were supported by foreign liquidity. Largely in-line or
better-than-expected quarterly results also helped. The strength in the domestic currency and increased optimism on
reduction in current account deficit also helped, Mr. Shah said in the reasons why the market was bullish last month.
Focus
We believe that, focus of the markets in the near-term will continue to remain on global liquidity, Q2FY14 results as
well as outcome of the state elections which are going to be held in five states from November 11, 2013, Mr. Shah
added.
www.thehindu.com/business/markets/sensex-plunges-265-points/article5316541.ece?css=print
1/2
11/9/13
U.S. Stocks Slip as Traders Cash-In on Recent Gains | Fox Business

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Elsewhere, in commodities, U.S. crude oil prices fell 19 cents, or
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Sensex falls 80 points to over one-week low - The Hindu
Business Markets
Sensex falls 80 points to over one-week low

PTI
A file picture of Bombay Stock Exchange in Mumbai. Photo: Vivek Bendre
The Hindu
Extending its losing run to the second day, the benchmark BSE Sensex on Wednesday fell by 80 points to over oneweek low as investors booked profits in consumer durable, banking and metal shares.
An upsurge in software exporters, like TCS, Infosys and Wipro, however capped the losses to some extent after rupee
fell to 62-levels against the dollar.
After losing 265 points in the previous sesssion, the Sensex fell further by 79.85 points, or 0.38 per cent, to 20,894.94
- its worst closing since 20,570.28 on October 28.
The gauge had rallied to an all-time high on Sunday in a special Muhurat trading session with foreign investors
remaining net buyers for over 21 straight days, better-than-expected corporate earnings and renewed optimism over
the economic recovery.
In 30-share Sensex pack, 20 stocks declined led by State Bank of India, RIL, ICICI Bank, HDFC Bank, Jindal Steel,
Hindalco, Hindustan Unilever, Tata Motors and Tata Steel.
The 50-scrip National Stock Exchange index Nifty fell by 38 points, or 0.61 per cent, to end at 6,215.15. Also, SX40
index, the flagship index of MCX-SX, closed at 12,416.31, down 77.79 points.
However, mid-cap and small-cap shares fared better than bluechips as retail investors were seen buying these scrips,
traders said.
All major events like Q2 results and RBI monetary policy are almost over and so there is lack of concrete trigger to
fuel the rally further. Hence, we can expect some consolidation... said Nidhi Saraswat, Senior Research Analyst,
Bonanza Portfolio Ltd.
Sectorally, the BSE Consumer Durable index suffered the most by losing 2.19 per cent, followed by Bankex index (1.87
per cent), Realty index (1.80 per cent) and Metal index (1.31 per cent).
Keywords: Bombay Stock Exchange, Sensex, Profit booking
www.thehindu.com/business/markets/sensex-falls-80-points-to-over-oneweek-low/article5321444.ece?css=print
1/2
11/6/13
Brent Crude Oil
$105.33
-0.90 -0.85%
2013.11.05 end-of-day
WTI Crude Oil
$93.37
-1.34%
-1.25
2013.11.05 end-of-day
Commodities
Crud e Oil
93.37
-1.34%
Na tura l G a s
3.47
+0.61%
G a soline
2.52
-0.48%
He a ting Oil
2.86
-0.35%
G old
1308.00
-0.50%
Silve r
21.61
-0.30%
Cop p e r
3.25
+0.15%
2013.11.05 end-of-day
Add to your site
Price
Change
2013.11.05 - $ 93.37
-1.25 -1.34%
1 Year Forecast
$107 / Barrel
1/2
11/9/13
Sensex ends 72 points down at fresh one-week low - The Hindu
Business Markets
Sensex ends 72 points down at fresh one-week low

PTI
A file picture of Bombay Stock Exchange in Mumbai. Photo: Vivek Bendre.
The Hindu
In volatile trade, the benchmark Sensex on Thursday fell by over 72 points to a fresh one-week low on heavy selling in
consumer durables, banking and power shares after rating agency S&P cautioned it could downgrade India if the next
government fails to reverse the slide in GDP growth.
After gaining nearly 248 points to cross the 21,000 mark in early trade, the bluechip index ended down at 20,822.77,
a drop of 72.17 points, or 0.35 per cent - the third straight loss. This the Sensexs lowest value at closing after
20,570.28 hit on October 28.
Among the 30 Sensex constituents, 17 stocks fell led by RIL, SBI, ICICI Bank, BHEL, Bharti Airtel, GAIL India, HDFC
Bank, Tata Motors, Tata Power and Maruti Suzuki.
Traders said investors booked profits in the intra-day upmove. ITC, HUL, Sun Pharma and Dr Reddys gained today.
Based on our discussions with market participants, most appear to be taking into account a small but non-negligible
possibility of a ratings downgrade in the coming months, said financial major Barclays in a note.
The Sensex has now lost over 417 points in the past three days in stark contrast to the jubiliant mood after the index
closed at all-time high of 21,239.36.on Sunday.
Similarly, the broader-based National Stock Exchange index Nifty fell by 27.90 points, or 0.45 per cent, to end at
6,187.25, after touching the days high of 6,288.95.
Also, SX40 index, the flagship index of MCX-SX, fell by 23.07 points, or 0.19 per cent, to 12,393.24 at close.
The rupee also fell to the lowest level in five weeks by plummeting to 62.73 per dollar in early trade and was last
trading at 62.5 levels. The weak rupee helped IT stocks like Infosys and TCS gain.
However, the broader market was in a cautious mood influenced by weak Asian cues and lower opening in Europe
ahead of US economic growth data and European Central Bank rate decision.
Sectorally, BSE Realty sector index suffered the most by losing 2.62 per cent, followed by Consumer Durables (2.26
www.thehindu.com/business/markets/sensex-ends-72-points-down-at-fresh-oneweek-low/article5325674.ece?css=print
1/2
11/9/13
Sensex ends 72 points down at fresh one-week low - The Hindu
per cent), Banking (2.11 per cent) and Power (1.97 per cent). However, IT, Metal and TECk gained.
Keywords: Bombay Stock Exchange, Standard&Poor, Credit ratings, Sensex
Printable version | Nov 10, 2013 6:33:10 AM | http://www.thehindu.com/business/markets/sensex-ends-72-pointsdown-at-fresh-oneweek-low/article5325674.ece
The Hindu
www.thehindu.com/business/markets/sensex-ends-72-points-down-at-fresh-oneweek-low/article5325674.ece?css=print
2/2
11/8/13
Brent Crude Oil
$103.46
-1.78 -1.72%
2013.11.07 end-of-day
WTI Crude Oil
$94.20
-0.64%
-0.60
2013.11.07 end-of-day
Commodities
Crud e Oil
94.20
-0.64%
Na tura l G a s
3.52
+0.60%
G a soline
2.50
-1.79%
He a ting Oil
2.84
-1.07%
G old
1308.40
-0.71%
Silve r
21.64
-0.49%
Cop p e r
3.25
+0.43%
2013.11.07 end-of-day
Add to your site
Price
Change
2013.11.07 - $ 94.20
-0.60 -0.64%
1 Year Forecast
$108 / Barrel
1/2
11/7/13
Wall Street Takes Biggest Drop Since August | Fox Business

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"The ECBs move may have inadvertently set off a currency

competition," said Michael Block, chief strategist at Rhino Trading
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Block added that the central bank uncertainty, mixed with worries
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Weak Rupee, global cues drag Sensex down 157 points - The Hindu
Business Markets
Weak Rupee, global cues drag Sensex down 157 points

PTI
The Hindu
The BSE benchmark Sensex on Friday fell by 157 points, the fourth drop in a row, on heavy selling in bluechips like
HDFC, RIL, TCS and Maruti Suzuki after rupee slid further amid a downtrend in global markets.
The Sensex, which had lost 417 points in the past three sessions, fell further by 156.62 points, or 0.75 per cent to
20,666.15, after touching the days low of 20,600.90. In the 30-share index, 21 stocks like SBI, ICICI Bank, ONGC,
Coal India, Airtel, ITC, Infosys and Sun Pharma ended in red.
Brokers said the market, which is worried about economic slowdown, remained under pressure as the rupee dropped
to a six-week low of 62.75 versus dollar, raising concerns about inflation which may force RBI to look at hiking rates
again.
Indian stocks were also weighed down by a weakening trend in the Asian region and lower opening in Europe after
faster-than-expected US economic growth fuelled concerns that the Fed may taper its stimulus quicker than most
estimates.
For the week ended November 8, Sensex fell by 531 points or 2.5 per cent - the biggest such drop since the week ended
September 27 when it slid down 567 points or 2.65 per cent.
The broad-based National Stock Exchange index Nifty fell by 46.50 points, or 0.75 per cent, to end at 6,140.75 led by
banking and interest-sensitive stocks. Also, the SX40 index of MCX-SX fell 119.6 points to end at 12,273.64.
Sectorally, the BSE Consumer Durable index was the major loser today as it plummeted 2.04 per cent, followed by
Banking index (1.27 per cent), Oil and Gas index (1.19 per cent), PSU index (0.69 per cent) and Auto index (0.45 per
cent).
Keywords: Bombay Stock Exchange, Declining rupee, Federal Reserve, Sensex
Printable version | Nov 10, 2013 6:35:39 AM | http://www.thehindu.com/business/markets/weak-rupee-global-cuesdrag-sensex-down-157-points/article5329844.ece
The Hindu
www.thehindu.com/business/markets/weak-rupee-global-cues-drag-sensex-down-157-points/article5329844.ece?css=print
1/2
11/12/13
Stocks dip, rupee depreciates further - The Hindu
Business Markets
Stocks dip, rupee depreciates further

Continuing concerns over tapering of QE and high bond yields are the reasons for the fall
While the U.S. dollar became stronger against major currencies of the world, the rupee depreciated further against it
on Tuesday as the demand for dollar has gone up in the foreign exchange market from oil companies as well as foreign
institutional investors (FIIs).
The rupee closed at 63.71 a dollar against 63.24 on Monday. It touched an intra-day low of 63.84.
Meanwhile, the S&P BSE Sensex dropped by 209.05 points to close at 20281.91.
On the National Stock Exchange (NSE), a broader
50-share Nifty closed at 6018.05, with a loss of 60.75 points .
Markets came off for the sixth consecutive day and have eroded 5 per cent in value over this period of time.
Continuing concerns over the U.S. Fed taper, rupee depreciation, high bond yields and expectations of a sustained
high consumer price index (CPI) inflation number were the reasons for the fall. FII purchases in the cash market have
tapered over the past few sessions, said Dipen Shah, Head of Private Client Group Research, Kotak Securities. Going
ahead, he said, economic data in the U.S. and India would be in focus as the Reserve Bank of India (RBI) and U.S.
Federal Reserve meet next month for their respective policy meetings.
Although there was a government shutdown, the U.S. posted better than expected job numbers.
There is fear in the market that this could translate to a stronger U.S. economy which would hasten the quantitative
easing (QE) taper, said Shrinivas Viswanath, Cofounder RKSV, a leading broking firm, adding, India is better
adapted to handle any sort of taper this time but the market is gaining confidence in the U.S. over emerging
economies.
www.thehindu.com/business/markets/stocks-dip-rupee-depreciates-further/article5343635.ece?css=print
1/2
11/16/13
Sensex down 88 points - The Hindu
Business Markets

PTI
The Hindu
The benchmark Sensex fell for the seventh straight session and ended 88 points lower in choppy trade on Wednesday
after a rise in retail prices spurred worries the RBI would increase rates again to contain inflation.
Weak global cues on fresh talk of the U.S. tapering its stimulus also kept the market under pressure.
Realty, FMCG, IT and banking sector stocks declined, while auto counters were in demand after decent second
quarter results by Mahindra & Mahindra.
ITC, HDFC Bank and TCS were among the shares that dragged the index lower, while Tata Motors and Mahindra
supported it.
The 30-share S&P BSE Sensex moved erratically in a range of 20161.64 to 20365.59 before ending at 20194.40, a fall
of 87.51 points. The 50-share CNX Nifty on the National Stock Exchange declined 28.45 points, or 0.47 per cent, to
end at 5989.60.
Rupee up 41 paise
The rupee gained against the dollar for the first time in six days and added 41 paise to close at 63.30 on Wednesday
on fresh sales of the U.S. currency by exporters and by state-run banks on behalf of the Reserve Bank of India. Capital
inflows supported the rupee after initial weakness as the dollar strengthened overseas and stocks fell.
Keywords: Bombay Stock Exchange, Sensex, Rate hike, RBI
Printable version | Nov 17, 2013 1:51:12 AM | http://www.thehindu.com/business/markets/sensex-down-88points/article5347276.ece
The Hindu
www.thehindu.com/business/markets/sensex-down-88-points/article5347276.ece?css=print
1/1
11/12/13
Brent Crude Oil
$105.81
-0.59 -0.56%
2013.11.12 end-of-day
WTI Crude Oil
$93.04
-2.26%
-2.10
2013.11.12 end-of-day
Commodities
Crud e Oil
93.04
-2.26%
Na tura l G a s
3.62
+1.19%
G a soline
2.59
-0.39%
He a ting Oil
2.85
-1.34%
G old
1271.10
-0.78%
Silve r
20.77
-2.43%
Cop p e r
3.24
-0.79%
2013.11.12 end-of-day
Add to your site
Price
Change
2013.11.12 - $ 93.04
-2.10 -2.26%
1 Year Forecast
$106 / Barrel
1/2
11/12/13
Dow Pulls Away from Record Highs | Fox Business

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The blue-chip average fell from a record high Tuesday as traders

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Com m ents
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worrying about when the Fed will taper QE3.
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Today's Markets
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RELATED STOCKS
NASDAQ:CSCO
Nasdaq Composite rose 0.13 point, or 0.00%, to 3920.
Small businesses are a key part of the American economy --
NASDAQ:NWSA
consistently creating jobs and output. The National Federation of

Independent Business's measure of small business confidence
slumped to 91.6 in October from 93.9 the month before, "largely due
to a precipitous decline in hiring plans and expectations for future
small-business conditions."
"Washington paralysis is never good news for the economy, so it was
no surprise that while politicians were arguing over whether or not the
government should remain fully operational, small-business optimism
measures deteriorated," said NFIB chief economist Bill Dunkelberg,
in the report.
www.foxbusiness.com/markets/2013/11/12/dow-pulls-away-from-record-highs/
1/3
11/12/13
Elsewhere, News Corp. (NWSA), the former parent of FOX

Business, posted fiscal first-quarter earnings that missed
expectations after the closing bell Monday. Results from Cisco
(CSCO) are due out after the closing bell Tuesday.
On the global front, China's Third Plenum, which is a meeting in which
the new government there sets its goals for the next decade, has
reportedly concluded. Economists are widely expecting some levels
of new reforms in the world's No. 2 economy.
Elsewhere, U.S. crude oil futures fell $2.10, or 2.2%, to $93.04 a
barrel. Wholesale New York Harbor gasoline slumped 0.39% to
$2.586 a gallon. In metals, gold edged down by $9.90, or 0.77%, to

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Fed minutes slightly rattle markets - Nov. 20, 2013
Stocks pull back after Fed minutes

By Patrick deHahn @CNNMoneyInvest November 20, 2013: 4:40 PM ET
Recommend
41
132
28
47
10
TOTAL SHARES
NEW YORK (CNNMoney)
Stocks finished Wednesday lower after minutes from the latest Federal Reserve meeting showed the central bank could cut
back on its bond-buying program even if the job market doesn't improve dramatically.
The Dow, S&P 500 and the Nasdaq all went from being up slightly to down modestly after the Fed minutes were released.
The Fed has long maintained that it wants to see a healthier labor market before it would pull back, or taper, its stimulus
programs. But according to the minutes, the Fed suggested it could taper for reasons other than substantial improvement in the
job market.
Investors have been hoping that the central bank will continue its stimulus program into 2014, extending the $85 billion a
month bond-buying spree that has supported the U.S. economic recovery and helped boost stock markets to record levels.
Kate Warne, investment strategist with Edward Jones, said before the minutes were released that she does not expect the Fed
to make any significant changes to policy until the job market improves. That said, she believes there will be market volatility
between now and the end of the year and throughout the early part of 2014 as investors speculate about the timing of the Fed's
next move.
Warne even suggested that a full-blown correction, or 10% pullback from recent peaks, is possible given how high stocks have
soared this year.
On Tuesday evening, chairman Ben Bernanke made a speech that indicated Fed support was likely to continue into 2014.
Although that decision won't be Bernanke's to make. His terms end early next year. President Obama has nominated Fed vice
chair Janet Yellen to replace Bernanke. She just needs to be confirmed by the Senate, which seems almost certain.
Related: Bernanke says the recent jobs reports were "disappointing"
On the economic front, retail sales for the month of October rose more than expected. Consumer prices were relatively flat for
the month, a sign that inflation remains tame.
money.cnn.com/2013/11/20/investing/stocks-markets/
1/3
11/21/13
With inflation currently not a threat, Jim Baird of Plante Moran Financial Advisors said "the Fed isn't likely to feel any urgency
to pull in the reins on policy."
There was some not so encouraging news about housing though. The National Association of Realtors reported that existing
home sales in October fell more than economists were expecting.
Related: Fear & Greed Index still in Greed mode
What's moving: Struggling retailer J.C. Penney ( JCP, Fortune 500) reported a decline in quarterly revenue and same-store
sales and a steepening loss compared to the year-ago quarter. But shares surged more than 8% due to brightening hope for the
retailer, which said that same-store sales pulled out of the gutter in October.
Still, some StockTwits users are expressing concerns about the upcoming holiday season.
"$JCP, ladies and gentlemen, what goes up must come down," solrazer wrote.
Another trader suggested that now may be the time to bet against the stock. "$JCP Thanksgiving is in 8 days. How much money
can you earn from shorting it??" asked smellyegg.
3-D printing stocks tumbled for a second straight day. The sector has been one of the hottest performers in the market this year.
But there are concerns that 3D Systems ( DDD), voxeljet ( VJET), Stratasys ( SSYS) and Exone ( XONE) may have run up
too far too fast. Voxeljet suffered the biggest loss, plunging more than 30%.
"Why people mess around with buying 3D's right now is beyond me," said StockTwits user BucksNBills. "Give it some time and
buy on strength."
Viral chimed in that "$DDD along with most other 3D stocks seems to be pulling back" and suggested that investors wait for a
better time to buy since there is still a "long term bullish" outlook on the group.
Deere & Co. ( DE, Fortune 500) reported that quarterly net income easily topped forecasts, but worldwide sales in heavy
equipment took a dive during the period. Shares rose thanks to better-than-expected guidance for 2014.
Oh Deere! Nice earnings for tractor maker

Lowe's ( LOW, Fortune 500) reported a double-digit gain in quarterly profit, which CEO Robert Niblock attributed to the
strengthening market for home improvement. But shares dipped 6% as results missed forecasts. Rival Home Depot ( HD,
Fortune 500) reported stronger results and guidance on Tuesday.
Yahoo ( YHOO, Fortune 500) shares continued to rise following the news on Tuesday that the company is boosting its stock
buyback by another $5 billion. Traders were pleased.
"$YHOO What I particularly like about this buyback announcement is its size and its funding," StockTwits user patrick_walther
said. "Expresses mgmt's confidence. Huge."
2/3
11/21/13
Green Mountain Coffee Roasters ( GMCR) reported revenue and earnings after the closing bell that topped estimates. The KCup maker also announced a new stock buyback and said it would start to pay a dividend. But shares fell after hours as guidance
for the next quarter was a bit disappointing.
First Published: November 20, 2013: 9:53 AM ET
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Sensex dips 406 points - The Hindu
Business Markets
Sensex dips 406 points

A file photo of the Bombay Stock Exchange.
PTI
Stock indices dipped on Thursday after the U.S. Federal Reserve indicated that it would implement the tapering of its
stimulus programme earlier than expected, a signal that also rattled currencies in emerging markets.
The rupee closed at 62.93 per dollar compared to its previous close of 62.57 on Wednesday.
The Bombay Stock Exchange (BSE) 30-share sensitive index (Sensex) closed at 20229.05 with a loss of 406.08 points
. The Sensex also touched a low of 20189.23 in the trading session.
On the National Stock Exchange (NSE), a broader 50-share Nifty was down by 123.85 points . It also touched an
intra-day low of 5985.40.
The Sensex fell by more than 400 points on fresh fears that the U.S. Federal Reserve may begin tapering its
quantitative easing (QE) programme earlier than expected, said Raghu Kumar, Cofounder, RKSV, a leading broking
firm.
The FOMC minutes released on Wednesday indicated that, sometime in the coming months, the Fed is looking to
taper down its $85 billion in monthly bond buying due to new economic data that suggests that the employment
situation in the U.S. is improving.
Keywords: BSE, NSE, Sensex, Nifty, economic stimulus, U.S. Fed
Printable version | Nov 22, 2013 8:48:54 AM | http://www.thehindu.com/business/markets/sensex-dips-406points/article5375697.ece
The Hindu
www.thehindu.com/business/markets/sensex-dips-406-points/article5375697.ece?css=print
1/1
12/2/13
Dow Hit in Late-Day Drop; 3M Shares Plummet | Fox Business

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Print
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The blue-chip average fell solidly into the red in late-day action
Share

U.S. Supreme Court
Monday as shares of consumer products company 3M suffered.
Won't Hear Online

Sales Tax Case
Today's Markets
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MMM
3M CO....
What's the Big Deal

about Secured
16009, the S&P 500 declined 4.9 points, or 0.27%, to 1801, and the
Cards?
Nasdaq Composite fell 14.6 points, or 0.36%, to 4045.

127.68
-5.83
As the holiday season revs up, action on Wall Street frequently settles
AMZN
AMAZON.COM I...
392.30
-1.32
Analyst: Macy's
down. And that was the case last week, with volume coming in light
Wins Black Friday,

JC Penney Starts
across the board.
Strong
On the economic front, the Institute for Supply Management reported

Futures Flat Ahead
manufacturing activity expanded to 57.3 in November, from 56.4 the
of Important Week
month prior, beating estimates the gauge would fall to 55. The reading
in Data
is the highest since April 2011. Readings above 50 point to

expansion, while those below indicate contraction.
FROM AROUND THE WEB
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www.foxbusiness.com/markets/2013/12/02/dow-hit-in-late-day-drop-3m-shares-plummet/
1/3
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"Given the relationship between the index and broader growth and
Jobs Reports
given its statistical reliability, our view that growth will pick up in
coming months is validated by todays data point," Dan Greenhaus,
chief global strategist at BTIG wrote in an email.
The Federal Reserve has said it is paying close attention to economic
reports as it decides when it will begin trimming its massive bond-
Week Ahead: November Jobs in

Focus
buying program. The all-important monthly jobs report is due out on

After Quiet Week, All Eyes Shift to Novem ber
Jobs Data
Friday.
Weekly Jobless Claim s Fall Unexpectedly
Elsewhere, in corporate news, 3M (MMM) was hit with a downgrade

to "underweight" from "equalweight" by analysts at Morgan Stanley.
The selloff in the company's stock cost the Dow 37 points.
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Hilton Worldwide said in a regulatory filing it's looking to raise as

much as $2.4 billion in what would be the biggest initial public offering
17.06
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of a hotel company. Amazon.com (AMZN) said it is prepared to

begin shipping packages via drones called Octocopters as soon as
U.S. regulators are prepared to approve the devices.
Retailers saw sales increase 2.3% on a year-to-year basis to $12.3
billion on Thanksgiving Day and Black Friday, according to
ShopperTrak. However, on Black Friday day alone, sales plummeted
13.2%.
The Black Friday shopping experience is changing with more
shoppers choosing to go out on Thanksgiving Day, ShopperTrak
founder Bill Martin, said in a statement.
Consumers increasingly research products online before entering
stores. When they arrive, customers know exactly what they want to
buy retailers now need to make their experience a satisfying one.
In metals, gold slid $14.70, or 1.2%, to $1,235 a gallon. Oil climbed
gasoline advanced 0.05% to $2.664 a gallon.
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Stocks start December in cautious mood - Dec. 2, 2013
Stocks slip on weak Black Friday sales

By CNNMoney Staff @CNNMoneyInvest December 2, 2013: 4:20 PM ET
40
40
TOTAL SHARES
NEW YORK (CNNMoney)
Stocks slid in the final hour of trading Monday as weak holiday sales raised concerns about the state of the consumer.
The Dow Jones industrial average, the S&P 500 and the Nasdaq all ended lower. Despite the selling, the Dow managed
to close above 16,000 and the S&P 500 held 1,800. But both indexes briefly dipped below those psychologically important
levels in the last few minutes prior to the closing bell before recovering.
Why the sell-off? There wasn't a lot of economic or corporate news Monday. But the National Retail Federation did report
that shoppers spent an average of 4% less over the holiday weekend, the first decline in spending since 2009. Shares of
J.C. Penney ( JCP, Fortune 500), Coach ( COH) and Urban Outfitters ( URBN) were lower.
Related: Fear & Greed Index closer to Extreme Greed
Given the underwhelming Black Friday sales, investors will be watching Cyber Monday shopping figures for further clues
about the health of the U.S. consumer.
Amazon ( AMZN, Fortune 500) made headlines after CEO Jeff Bezos said the company is exploring a drone-based
delivery system for some shipments. The plan is in the early stages and faces regulatory hurdles, but investors on
StockTwits seemed pleased with the attention it generated.
"Congrats to $AMZN #Amazon for their drone buzz. .In all media now," said ForexAccountManagers.
Shares of Amazon gave up early gains and turned lower at midday. Some investors were questioning whether the Prime Air
delivery service makes economic sense.
"$AMZN #Amazon probably down,because people who saw 60 MIN,figured this bezo dude is nuts<I mean really?there going
to fly 1K's of drones?LOL," said 1991previa.
money.cnn.com/2013/12/02/investing/stocks-markets/index.html?iid=mkt_SF_news
1/3
12/2/13
Related: Amazon drones? Time for a reality check
But one trader joked that they liked how enthusiastic Bezos and wished for more of that from Apple (
500)CEO Tim Cook.
AAPL, Fortune
"$AMZN bezos is the biggest cheerleader for his company. i wish tim cook would do the same=show more excitement," said
deskpros123.
Still, shares of the iPhone and iPad maker have bounced back recently. The stock has clawed back from about $400 over
the summer and now trades above $550.
Shares of eBay ( EBAY , Fortune 500) were lifted by hopes the online auction company will benefit as consumers look for
bargains this holiday season.
eBay wins on Black Friday

"I'm going to do all my shopping today on $EBAY - every little bit counts!" said crosenfield.
In economic news, the Institute for Supply Management said its manufacturing index rose 0.9% in November, the sixth
month in a row of growth in the sector. The report points to fourth-quarter economic growth of 3.5%, according to Amna
Asaf, an economist at Capital Economics.
Related: Bulls look for new market highs
The manufacturing data kicks off a heavy week of economic news.

The November jobs report is due Friday and that could give investors a better sense of how much longer the Federal
Reserve will maintain its massive stimulus program at current levels.
Other reports this week include auto sales, the second estimate of third quarter GDP and weekly jobless claims.
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Print
Em ail
The Dow fell for the third day in a row Tuesday, marking its longest
Share

What's the Big Deal
losing streak since late September.
about Secured
Cards?
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Nasdaq Composite slid 8.1 points, or 0.2%, to 4037.
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Drop; 3M Shares
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losses have been, ironically, driven by solid data. For example,

traders got a batch of stronger-than-expected manufacturing data
Monday, followed by better-than-expected UK construction data
5 Common Debt
Tuesday.
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The benchmark 10-year yield climbed for three days in a row ended
Monday in the biggest such rise since November as traders sold the
U.S. debt.
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www.foxbusiness.com/markets/2013/12/03/dow-skids-in-longest-losing-streak-since-september/
1/3
12/3/13
"Without a dollar of tapering and without any hint of it happening
Jobs Reports
sooner rather than later, the continued process of the US treasury

market raising long term interest rates that finally impacted US stocks
yesterday is the excuse for selling in most Asian markets and across
the board in Europe today," Peter Boockvar, chief market analyst at
the Lindsey Group said in an e-mail.
Week Ahead: November Jobs in

Focus
"After the impressive gains seen just over the past month, anything
would be enough to see a breather in stocks but there is nothing more

Jobs Data
relevant than a rise in rates in reevaluating equity investment
Weekly Jobless Claim s Fall Unexpectedly
positions."
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The concern, according to analysts, is as the economy shows more

signs of strengthening, the Federal Reserve is going to be more
inclined to taper its vast bond-purchasing program.
AAPL
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APPLE INC.
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Today
The economic docket is light on the day, with a report due on the
services sector from the Institute from Supply Management due out at
10:00 a.m. ET. The Big Three U.S. automakers also report monthly
sales on the day. Chrysler said its U.S. sales jumped 16% in
November.
16.56
4:00 PM
15.54
4:01 PM
26.56
4:00 PM
94.39
4:01 PM
In commodities, U.S. crude oil futures climbed 8 cents, or 0.1%, to

$93.91 a barrel. Wholesale New York Harbor gasoline gained 0.12%
to $2.682 a gallon. Gold rose $1.30, or 0.11%, to $1,223 a troy
ounce.
In corporate news, UBS upgraded Apple (AAPL) to "buy" and
boosted its price target to $650.
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Momentum fading after record run - Dec. 3, 2013
Stocks: Momentum fading after record run

By Hibah Yousuf @CNNMoneyInvest December 3, 2013: 4:16 PM ET
36
36
TOTAL SHARES
NEW YORK (CNNMoney)
Is the bull getting tired?

It's just the second trading day of December and investors already look wary of letting the rampage run to the end of the
year.
The Dow and S&P 500 were lower for a third day Tuesday, while the Nasdaq slipped for a second straight day.
The S&P has managed gains in December for 24 of the past 30 years, but with the index up 26% so far in 2013, investors
are ready to take a break.
"It's likely that markets will be in a holding pattern as we head into the business end of the week that starts with ADP
employment tomorrow, the ECB on Thursday and ending with payrolls on Friday," wrote Deutsche Bank analyst Jim Reid, in
a market report.
Investors will probably stay cautious as they await the November jobs report, holding out hope that closely watched report
will send a much clearer signal about the Fed's next move.
Related: Fear & Greed Index gets greedy
Major automakers were in the spotlight Tuesday, as they released monthly sales figures. Sales jumped 14% in November at
General Motors ( GM, Fortune 500), while Ford ( F, Fortune 500) reported a 7.1% increase. Toyota ( TM) delivered a
10% rise and sales at Chrysler, which is set to go public early next year, grew 16%.
Despite the positive sales, auto stocks were trading lower.
"All the numbers for $F are good except freakin' stock price," said StockTwits user CurmudgeonBoy. "Bah!"
money.cnn.com/2013/12/03/investing/stocks-markets/index.html?iid=H_MKT_News
1/3
12/3/13
But other traders noted that it's been a pretty good year for auto stocks so far.
"Seeing a lot of investors and traders frustrated with $F," said scheplick. "It's had a great run this year. Plus a decent
dividend along the way."
Related: Bill Gross: Don't fight the Fed, but be wary
While the major auto makers suffered, Tesla ( TSLA) shares surged after the German Federal Motor Transport Authority
concluded its investigation into the three recent battery fires in Model S vehicles and found "no manufacturer-related
defects."
Last month, Tesla CEO Elon Musk said there was no reason the company would need to recall any vehicles due to the
fires.
That made most StockTwits traders optimistic that Tesla shares were finally recovering from a two-month lull.
"$TSLA on the road to previous highs?" wondered Northbound_Trader, adding that he was bullish.
"$TSLA BUY THIS STOCK AND DON"T LOOK BACK!" said hvalentino.
But others were more cautious. StockTwits user soopy9 said "$TSLA looks like it's setting up for quite the hangover."
Retail was also back in focus Tuesday. While disappointing Black Friday sales weighed on retailers and the broader
market Monday, strong Cyber Monday sales were encouraging.
Best Buy: Tablets and video games selling

Sales jumped more than 20% on Cyber Monday, making it the biggest online shopping day in history, according to an
analysis released by IBM.
Related: Why Big Box stores can't crack China market
Also in the retail world, teen-focused Abercrombie & Fitch ( ANF) was sharply higher after activist firm Engaged Capital
sent a letter to the company's board saying that it needs to start searching for a successor to CEO Michael Jefferies, whose
contract is due to expire February 1.
But traders were skeptical about the strength behind the day's gains, as the company has been struggling to attract
customers, and the stock has been suffering.
"$ANF How much gains do you think you are going to give up by the end of the day?" quipped fgamarni. "Half ?"
And finally, Sony (
SNE) said that it sold 2.1 million Playstation 4s worldwide as of Dec. 1.
2/3
12/3/13
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Volatile Sensex snaps 3-day winning run, down over 43 points - The Hindu
Business Markets
Volatile Sensex snaps 3-day winning run, down over 43 points

PTI
In volatile trade, the benchmark Sensex broke a three-day upmove and closed 43.09 points down on Tuesday on
emergence of profit-booking and weak global cues, amid renewed fears of US Fed tapering its economic stimulus.
PTI
Sectors including FMCG, consumer durables and banking saw selling while realty, oil and metal scrips witnessed
buying.
The Sensex, which had gained 477.75 points in the previous three sessions and touched a one-month high, resumed
lower reacting to tepid global markets. Later, it hit a high of 20,927.05 but could not sustain gains. The index finally
closed down 43.09 points, or 0.21 per cent, at 20,854.92.
Losses in ITC, Larsen & Toubro and HDFC Bank shares dragged the 30-share barometer lower. Dr Reddys Lab and
Sesa Sterlite were the biggest laggards. On the other hand, gains in RIL, GAIL and Infosys shares cushioned the drop.
Brokers said profit-booking was triggered by a weakening trend in global markets nature following three days of
gains.
The 50-share NSE index Nifty fell by 16 points, or 0.26 per cent to end at 6,201.85. Also, SX40 index of MCX Stock
Exchange ended almost flat at 12,371.94, down 3.82 points.
Nifty oscillated throughout the day within a mere range of 20 points as it nears the upper end of the broad range.
The broad trading range continues to be 6250-5950. Hence, the existing up move may extend by another 50-60 odd
points, said Shubham Agarwal, Associate VP & Senior Technical Equities Analyst, Motilal Oswal Securities.
Analysts said the Asian markets ended weak followed by a lower opening in Europe as investors awaited US jobs data.
Recent economic growth signals have sparked off fresh fears of the US Federal Reserve tapering its USD 85 billion
monthly bond buys, they added.
www.thehindu.com/business/markets/volatile-sensex-snaps-3day-winning-run-down-over-43-points/article5417970.ece?css=print
1/2
12/4/13
Volatile Sensex snaps 3-day winning run, down over 43 points - The Hindu
Overall, seven of the 13 BSE sectoral indices closed in the red. The FMCG sector index suffered the most by losing 0.83
per cent, follwed by consumer durables (0.58 per cent), banking index (0.56 per cent) and auto index (0.43 per cent).
Keywords: Bombay Stock Exchange, Sensex, BSE, NSE, Nifty, Indian stock market, closing trade
Printable version | Dec 5, 2013 5:32:08 AM | http://www.thehindu.com/business/markets/volatile-sensex-snaps3day-winning-run-down-over-43-points/article5417970.ece
The Hindu
www.thehindu.com/business/markets/volatile-sensex-snaps-3day-winning-run-down-over-43-points/article5417970.ece?css=print
2/2
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Wall Street Logs Longest Slump Since September | Fox Business

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The Commerce Department said sales of new, single-family homes
Cards?
jumped 25.4% in October from the month before to an annual rate of

444,000 units, topping expectations of a 428,000-unit rate. The spike
was the biggest since 1980.
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www.foxbusiness.com/markets/2013/12/04/wall-street-logs-longest-slump-since-september/
1/3
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The American private sector added 215,000 jobs in November,
Jobs Reports
according to a report from payroll processor ADP. Economists

expected a slimmer gain of 173,000. The data come ahead of the allimportant monthly jobs report from the Labor Department due out on
Friday.
The U.S. trade gap fell to $40.6 billion in October from $43 billion the
Yum! Brands looks to China, India

for growth
month prior, coming in just slightly higher than estimates of $40 billion.
U.S. Private Sector Tacks on 215K Jobs in
Novem ber
The dip comes as exports jumped 1.8%, compared to a 0.4%

increase in imports. While the data is a lagging indicator, it figures

Jobs Data
directly into measures of fourth-quarter GDP.

The Institute for Supply Managements gauge of service-sector activity
fell to 53.9 in November from 55.4 the month prior, missing
expectations of a shallower fall to 55. Readings above 50 point to
The Federal Reserve said in its anecdotal Beige Book report the U.S.
economy grew at a modest to moderate pace in early October
through mid-November, with hiring increasing in some districts.
Meanwhile, price and wage inflation remained contained.
In commodities, U.S. crude oil prices climbed 1.2% to $97.20 a barrel
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after the Organization of Petroleum Exporting Countries renewed its

30-million-barrel-a-day production cap.
On the corporate front, the European Union fined eight financial
giants, from JP Morgan Chase (JPM) to Deutsche Bank (DB), a
record $2.3 billion for collusion in rigging benchmark interest rate.
Citigroup (C) came under pressure after it was booted from
Goldman Sachs' coveted conviction buy list.
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Stocks wobble, end mixed - Dec. 4, 2013
Stocks see-saw despite upbeat data

By CNNMoney Staff @CNNMoneyInvest December 4, 2013: 4:45 PM ET
Click here for more market data.
30
30
TOTAL SHARES
NEW YORK (CNNMoney)
Stocks ended mixed Wednesday as investors tried to make sense of better-than expected economic reports and gauge the
mindset of the Federal Reserve.
The Dow Jones Industrial Average and the S&P 500 closed modestly lower, while the Nasdaq managed to notch out
slight a gain. The Dow and S&P 500 have fallen for the past four days.
Investors were paying close attention to economic data. In its Beige Book report on regional economic activity, the Fed said
the economy expanded at a "modest to moderate pace" from early October to mid-November.
It noted gains in the auto and high-tech industries and reported that retailers are "hopeful, but cautious" about the holiday
shopping season.
Investors remain fixated on clues as to when the Fed might pull back, or taper, its $85 billion per month bond buying
program.
The three indexes were in the green earlier Wednesday after the Census Bureau said sales of new single family
residential homes rose 25% in October compared to September, topping economists' expectations.
That report came after payroll processor ADP ( ADP, Fortune 500) reported that 215,000 private-sector jobs were
added in November -- well above the 160,000 gain that was expected.
Bond investors stayed focused on when the Fed might taper. The yield on the 10-year Treasury note was 2.83% after
spiking to 2.85% earlier in the day, near the year's high of almost 3% back in September.
At that time, investors feared the Fed would taper at its meeting in September. It didn't. But some experts believe that the
Fed could now announce it is pulling back on stimulus at the conclusion of its next meeting on December 18.
1/2
12/4/13
Stocks wobble, end mixed - Dec. 4, 2013
Related: Fear & Greed Index still shows greed
In corporate news, J.C. Penney ( JCP, Fortune 500) said Tuesday that same-store sales in November grew 10% from the
same period last year. The stock, which has been the worst performer on the S&P 500 this year, is in the midst of a
turnaround and has caught the attention of some major hedge funds.
But investors seemed unimpressed with the decent November sales. Shares of J.C. Penney ended the day down over 4%.
Despite that, one trader on StockTwits was bullish that it would bounce back by the end of the day.
$JCP green by close," said Jason100.
That didn't happen. Others were optimistic, but acknowledged it's a difficult trade.
"$JCP only patient ppl or idiots can win this stock LOL", said Smellyegg.
Shares of Deere ( DE, Fortune 500) jumped over 3% after the agricultural machinery giant announced it boosted its share
repurchase program.
"Stopped out of $DE ystdy after holding for 2 weeks & today they announce buyback" said Sspencer_smb, a StockTwits
trader who worried he missed out on the stock's recent move.
Another mover was Hewlett-Packard ( HPQ, Fortune 500), which closed more than 2% higher after reports that the PC
and printer maker plans to shed 1,100 jobs in its U.K. unit.
StockTwits trader Shaggyeleven was not buying the stock for now, but is keeping a close eye on it.
"$HPQ not in, watching, if keeps moving like this, thinking, I'm missing something."
Also trending on StockTwits: Apple (
AAPL, Fortune 500).
Shares of the iPad maker have surged back to life in recent months, gaining almost 50% from its 52-week low earlier
this year. Activist investor Carl Icahn reiterated in an interview with Time Wednesday that he wants the company to buy
back more of its stock.
"$AAPL slow and steady rise the rest of the day" said trader ChazMac09.
Facebook ( FB, Fortune 500)shares jumped 4%, giving it an overall gain of over 82% since January. There was a lot of
chatter that the social networking stock could soon be added to the S&P 500.
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Sensex slips 146 points as stocks fall for the second day - The Hindu
Business Markets
Sensex slips 146 points as stocks fall for the second day
PTI
The benchmark Sensex buckled under selling pressure in the second half of trade on Wednesday and fell over 146
points as rising crude oil prices renewed fears of inflation, amid investors adopting a cautious stance ahead of state
election results.
After losing 43.09 points on Tuesday, trading in Sensex began on a quiet note as barometer remained in a tight
range.
However, the markets started showing cracks around 1400 hours.
Hurt by losses in ITC, ICICI Bank, HDFC and Tata Motors, the Sensex lost 146.21 points, or 0.70 per cent, to end the
session at 20,708.71. 19 constituents of 30-share Sensex fell.
Brokers said domestic stocks fell after a US crude oil benchmark rose to over an five-week high after reports said there
was a drop 12.4 million barrels in inventories. WTI crude was trading at USD 97.3 level when Indian market closed.
Profit-booking ahead of state polls results and speculation that US may taper its bond buying programme soonerthan-expected also hit market sentiment, they added.
On similar lines, the 50-share National Stock Exchange index Nifty declined by 40.90 points, or 0.66 per cent, to
6,160.95 led by stocks of realty, auto and banking shares.
Also, SX40 index, the flagship index of MCX-SX, closed down 64.87 points, or 0.52 per cent, at 12,307.07.
Sectorally, the BSE Realty sector index suffered the most by losing 2.67 per cent, followed by FMCG index (1.36 per
cent), Auto index (1.05 per cent) and Capital Goods index (0.99 per cent).
Globally, Asian indices closed weak and Europe opened lower anticipating that the upcoming US employment data
would give more evidence that growth is back in worlds largest economy, said experts.
Keywords: BSE, NSE, Sensex, Nifty, Asian stock markets, closing trade
Printable version | Dec 5, 2013 5:32:28 AM | http://www.thehindu.com/business/markets/sensex-slips-146-pointsas-stocks-fall-for-the-second-day/article5420768.ece
www.thehindu.com/business/markets/sensex-slips-146-points-as-stocks-fall-for-the-second-day/article5420768.ece?css=print
1/2
12/4/13
Sensex slips 146 points as stocks fall for the second day - The Hindu
The Hindu
www.thehindu.com/business/markets/sensex-slips-146-points-as-stocks-fall-for-the-second-day/article5420768.ece?css=print
2/2
12/5/13
Bears Stage Comeback: Stocks Dip for Fifth Day | Fox Business
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Nasdaq Composite slid 4.8 points, or 0.12%, to 4033.
Wall Street Logs
The Dow and S&P are on their longest losing streaks since
Longest Slump
Since September
September as traders interpret the latest round of economic data and

take money off the table as they close out a strong year. The broad
S&P 500 has posted year-to-date gains of more than 25%.
Ex Won't Refinance
to Take My Name
The economic docket was heavy. The Commerce Department said
Off House
the U.S. economy grew at an annual pace of 3.6% in the third quarter,
the fastest since the first quarter of 2012, and higher than a previous
reading of 2.8%. Economists expected growth to come in at 3%.
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1/3
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Meanwhile, the number of Americans filing for first-time
Jobs Reports
unemployment benefits fell last week to 298,000 from an upwardly

revised 321,000 the week prior. Economists expected the number of
claims to rise to 325,000 from an initially reported 316,000.
Finally, the Commerce Department said factory orders slipped 0.9%,
compared to expectations of a 1% drop.
Markets concerned Fed tapering is

approaching?
Weekly Jobless Claim s Fall
The all-important monthly jobs report from the Labor Department is
U.S. Private Sector Tacks on 215K Jobs in

Novem ber
due out on Friday. Analysts are paying very close attention to

economic data as they try to determine when the Federal Reserve will
MOST POPULAR STOCKS
begin tapering its asset-purchase program.

On the global front, the European Central Bank and Bank of England
AAPL
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GE
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FB
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held their benchmark interest rates steady, as expected. The UK also

boosted its 2013 growth estimate to 1.4% from 0.6%, and 2014 to
2.4% from 1.8%. Great Britain has been able to balance austerity and
pro-growth measures.
In commodities, gold prices dropped $17, or 1.4%, to $1,230 a troy
16.74
4:00 PM
15.43
4:00 PM
26.45
4:01 PM
ounce. Oil gained 17 cents, or 0.17%, to $97.39. Wholesale New York

Harbor gasoline fell 0.21% to $2.714 a gallon.
48.34
4:00 PM

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Profitbooking drags Sensex down 71 points
Business Markets
Profit-booking drags Sensex down 71 points

PTI
The benchmark Sensex fell for the first time in 4 days and closed 71.16 points down on Tuesday hurt by losses in
power, capital goods and banking shares, amid profit-booking after the recent rise took it to a record high.
PTI
Shares of Sensex constituent NTPC, which tanked over 11 per cent, led the power sector lower on worries the proposed
electricity tariff regulation would hit earnings.
Bluechips, including ICICI Bank, L&T and BHEL, slid 3-4 per cent after market participants book profits in the
backdrop of 618-point surge in Sensex in the previous three days. However, rise in IT stocks capped the indexs losses.
The Sensex, which had climbed to an all-time closing high of 21,326.42 in the previous session, fell by 71.16 points, or
0.33 per cent to 21,255.26. Intra-day, the gauge moved between 21,175.08 and 21,327.75.
Trading sentiment was also dampened on a weakening Asian trend and lower opening in Europe as reports said
Chinese industrial production rose less-than-estimated last month.
Apart from these factors, markets also saw selling pressure after Fitch expressed fears that the defeat of Congress in
four of the five state assembly polls could lead to higher fiscal deficit target as the government would be constrained
to curb expenditure.
The 50-share National Stock Exchange index Nifty fell by 31.05 points, or 0.49 per cent, to end at 6,332.85. It had
climbed to a record high of 6,363.90 yesterday. Also, SX40 index, the flagship index of MCX-SX, dropped 18.59
points or 0.15 per cent to end at 12,616.20.
In PSU power shares, besides NTPC, NHPC, Power Grid and SJVN fell in 1-3 per cent range. Private sector peers,
Reliance Power and Tata Power also logged losses.
CERC has announced its draft tariff regulations for FY15-19...We see huge negative impact for NTPC mainly from
www.samachar.com/Profitbooking-drags-Sensex-down-71-points-nmkrLPfcdge.html
1/2
12/16/13
Profitbooking drags Sensex down 71 points
shift of incentives to PLF from PAF and no tax grossing up of RoE. However, we see lower impact for PGCIL, NHPC
and SJVN, said Amit Golchha, Research Analyst, Emkay Global Financial Services in a report.
Sectorally, besides BSE Power which fell 4.12 per cent, BSE Capital Goods index slipped by 2.98 per cent, BSE
Banking index lost 1.78 per cent and BSE Realty index by 1.48 per cent.
Keywords: sensex, Bombay Stock Exchange, BSE, NSE, Nifty, closing trade
Printable version | Dec 17, 2013 6:51:55 AM | http://www.thehindu.com/business/markets/profitbooking-dragssensex-down-71-points/article5444174.ece
The Hindu
www.samachar.com/Profitbooking-drags-Sensex-down-71-points-nmkrLPfcdge.html
2/2
12/16/13
Sensex drops for second day down 84 points
Business Markets
Sensex drops for second day, down 84 points

PTI
The benchmark Sensex fell for the second day on Wednesday and dropped nearly 84 points on weak global cues and
concerns over export growth deceleration in November, amid cautious trading ahead of industrial production and
inflation data tomorrow.
The Sensex, which had lost 71 points in the previous session, fell further by 83.85 points, or 0.39 per cent to 21,171.41,
after touching the days low of 21,069.45.
Overall, 19 constituents including Tata Motors, L&T and SBI of the 30-share index fell. NTPC and HDFC were among
the 10 gainers. Cipla was unchanged.
Sentiment dampened after export growth decelerated to 5.9 per cent YoY in November, following four consecutive
months of double-digit growth. Indecision was also seen ahead of the November retail inflation and October IIP, said
traders.
Brokers said the market was in an overbought position in past few sessions and that lured investors to book profits.
The Sensex had climbed to an all-time high of 21,484.74 intra-day on December 9, after a good showing by main
opposition BJP party in Assembly elections in four states.
Investors also reduced their holdings before policy meetings by the RBI and the U.S. Fed Open Market Committee
next week, brokers added.
The broad-based National Stock Exchange index Nifty lost 24.95 points, or 0.39 per cent, to end at 6,307.90. Also,
SX40 index of MCX Stock Exchange fell 46.69 points to 12,569.51.
Sectorally, the BSE Capital goods sector index suffered the most by losing 1.39 per cent, followed by auto index (down
1.05 per cent), oil and gas index (0.86 per cent) and metal index (0.63 per cent). FMCG index was the lone gainer.
www.samachar.com/Sensex-drops-for-second-day-down-84-points-nmlrLAehjeb.html
1/2
12/16/13
Sensex drops for second day down 84 points
A weakening trend in the Asian region and lower opening in Europe further influenced the domestic market.
Yesterday, reports said U.S. employers advertised the most job openings in more than five years in October, and the
number of people quitting also reached a five-year high. This aided bets that a US budget agreement will boost
prospects for tapering the Federal Reserves stimulus programme.
Budget negotiators have unveiled a pact to ease automatic spending cuts by around $ 60 billion over two years and
cut the US deficit by around $ 23 billion.
Keywords: Bombay Stock Exchange, Sensex, Export growth
Printable version | Dec 17, 2013 6:50:36 AM | http://www.thehindu.com/business/markets/sensex-drops-for-secondday-down-84-points/article5447884.ece
The Hindu
www.samachar.com/Sensex-drops-for-second-day-down-84-points-nmlrLAehjeb.html
2/2
12/11/13
Wall Street Slammed in Late-Day Drop; VIX Spikes | Fox Business

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Still, Peter Boockvar, chief market strategist at The Lindsey Group,
Jobs Reports
said investors are somewhat numb to action in the nation's capital.

"The yawn of a response in markets to the budget deal, which still has
to get passed, points to two things," he wrote in an email. "Number
one, it was extremely modest and two, markets assumed we wouldnt
repeat October."
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tapering?
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U.S. Econom y Adds 203K Jobs, Jobless Rate

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split and boosted its dividend by 83%. Shares of the credit card
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In commodities, U.S. crude oil futures slipped 8 cents, or 0.09%, to

$98.42 a barrel. Wholesale New York Harbor gasoline dipped 0.88%
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to $2.659 a gallon. Gold dropped $6.60, or 0.52%, to $1,254 a troy

ounce.
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Wall Street Sinks Amid Mixed Data | Fox Business

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Pension Crisis: The Gathering Storm
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By Anora Mahmudova / Pub lished Decemb er 12, 2013 / Dow Jones Newswires
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adding to signs the economy is strong enough for the Federal
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Based on the latest available data, the Dow Jones industrial average
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S&P 500 lost 6.72 points or 0.38 percent, to finish unofficially at

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Wall Street
Slammed in LateDay Drop; VIX
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"Year-end activity is clouding reactions to some economic news,"

said Drew Wilson, an analyst at Fenimore Asset Management in
Cobleskill, New York.
FROM AROUND THE WEB
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www.foxbusiness.com/markets/2013/12/12/wall-street-falters-amid-mixed-data/
1/4
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He said the market is "taper-schizophrenic", as it tries to second-
Jobs Reports
guess the Fed's reaction to recent positive economic data.

"I'm not sure the market knows how to react to good and bad news."
Facebook (FB), however, was poised to close at its highest since late
October a day after being picked to join the S&P 500 index. The
social network's 5.2 percent gain to $51.98 helped buoy the Nasdaq
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Falls to 7%
The Dow Jones industrial average (DJI) fell 59.69 points, or 0.38
percent, to 15,783.84, the S&P 500 (SPX) lost 1 point, or 0.06
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percent, to 1,781.22 while the Nasdaq Composite (IXIC) added 7.142

points or 0.18 percent, to 4,010.955.
AAPL
-0.15%
560.54
APPLE INC.
Today
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Other markets also reacted to the perception of a shorter timeline for
FB
+4.96%
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Today
against a basket of major currencies and spot gold slid 2 percent.
-0.12%
FORD MOTOR CO...
Today
Many market participants have expected the Fed to announce a cut in
GE
-0.15%
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Today
XOM
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the Fed's tapering of its stimulative bond buying. The U.S. dollar rose
16.39
4:02 PM
26.54
4:00 PM
its $85 billion a month in asset purchases in March, but that timeline
may have shortened after Friday's better-than-expected November
95.36
4:00 PM
payrolls report and Tuesday's initial agreement in Washington on a

bipartisan budget.
The Fed's policy-setting committee is due to meet for the last time this
year on Tuesday and Wednesday.
Data showing the biggest jump in a year in initial claims for
unemployment benefits was mostly ignored as figures skewed by
adjustments for the season and other factors.
Lululemon Athletica Inc (LULU) shares tumbled 11.1 percent to
$60.76 after the sports apparel company said fewer customers are
visiting its stores and supply-chain issues are hitting sales in the
crucial fourth quarter.
Investors also dealt with a flurry of initial public offerings, including
Hilton Worldwide Holdings Inc (HLT). The stock rose 8.9 percent to
$21.77 from its $20 pricing on the New York Stock Exchange.
Food services provider Aramark Holdings Corp (ARMK) staged a
more impressive debut, up 14.9 percent at $22.98 after pricing at $20
per share.
Shares of J.C. Penney (JCP) rose 0.5 percent to $8.52. Chief
Executive Officer Mike Ullman told Reuters the department store
chain is eliminating or trimming some high-profile brands introduced
by former CEO Ron Johnson. Penney intends to use the floor space
for its more profitable private-label brands.
2/4
12/12/13
(Reporting by Rodrigo Campos; Editing by Kenneth Barry)

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1/19/14
Stocks dip again - The Hindu
Business Markets
Stocks dip again

Sensex down 210 points on RBI rate hike speculation
With markets expecting a rate hike when the Reserve Bank of India (RBI) reviews its monetary policy next week, the
benchmark indices dipped again by around one per cent and the rupee closed lower against the dollar on Friday.
As the RBI Governor Raghuram Rajan indicated that he is not comfortable with the rising inflation, especially retail
inflation, market participants believe that a rate hike is imminent despite fall in growth rate.
Rupee weak
The rupee closed at 62.13 a dollar on Friday compared to its previous close of 61.81 on Thursday. The rupee weakened
to 62.28 intra-day.
The BSE 30-share Sensitive Index (Sensex) closed at 20715.58 with a loss of 210.03 or one per cent.
The rate sensitive bank stocks dragged down the indices by 2.25 per cent followed by power (2.22 per cent), realty
(2.10 per cent), capital goods (1.86 per cent) and oil and gas (1.10 per cent).
Except information technology stocks all other sectoral indices ended in the red. On BSE, the mid-cap stocks hit the
worst with 1.26 per cent while small cap stocks were down by 0.95 per cent.
Among the broader indices, BSE 100 and BSE 200 dipped by 1.16 per cent per cent each and BSE 500 was down by
1.15 per cent.
The 50-share Nifty of the National Stock Exchange (NSE) lost 68.65 points to close at 6168.40.
On the last trading session of the week, the Nifty was seen struggling from the beginning and kept the negative bias
intact till the end. It was seen as reaction to double whammy of contraction in IIP and surge in retail inflation, said
Jayant Manglik, President-retail distribution, Religare Securities.
Due to successive declines in the last four sessions, we may see some technical rebound on Monday especially in
oversold positions, said Mr. Manglik.
Keywords: Sensex, Nifty, BSE, NSE, closing trade
Printable version | Jan 20, 2014 7:44:36 AM | http://www.thehindu.com/business/markets/stocks-dipagain/article5455704.ece
The Hindu
www.thehindu.com/business/markets/stocks-dip-again/article5455704.ece?css=print
1/1
1/19/14
Sensex down on rate hike fears - The Hindu

Sensex down on rate hike fears

The benchmark Sensex fell for the fifth day in a row and lost 56 points in lacklustre trade on Monday as inflation
picked up pace, strengthening chances of an interest rate hike by the Reserve Bank later this week.
Heavyweight Reliance Industries and HDFC contributed the most to losses on the Sensex. The S&P BSE Sensex
opened little changed from Fridays close and traded in a range of 20637.77 to 20764.52. It ended at 20659.52, down
56.06 points. The index was at the lowest level since November 28.
The 50-share CNX Nifty on the National Stock Exchange fell 13.7 points to 6154.Rupee gains 39 paise
The rupee gained for the first time in four days on Monday, appreciating by 39 paise to 61.73 against the dollar, amid
indications the RBI had stepped in . PTI
Printable version | Jan 20, 2014 7:45:58 AM | http://www.thehindu.com/todays-paper/tp-business/sensex-down-onrate-hike-fears/article5467990.ece
The Hindu
www.thehindu.com/todays-paper/tp-business/sensex-down-on-rate-hike-fears/article5467990.ece?css=print
1/1
1/19/14
Sensex falls 151 points - The Hindu
Business Markets
Sensex falls 151 points

PTI
Selling pressure was seen in banking, refinery, power, capital goods and realty sectors on fears of a slowdown in foreign capital inflows.
File photo
The Hindu
Hit by fears over the impact of the US Fed announcing a cut in its stimulus, the benchmark Sensex dived over 151
points at the close on Thursday on selling in banking, capital goods and power shares.
The Federal Open Market Committee on Wednesday announced a plan to cut monthly bond purchases to USD 75
billion from next month compared to USD 85 billion now, a decision that is expected to cause some volatility in
emerging market assets.
After opening with a 100-point rise on firm Asian cues, the Sensex hit days high of 21,017.45 but the gains proved to
be short-lived as nervous investors resorted to selling. It fell by 151.24 points, or 0.73 per cent, to 20,708.62.
In the 30-share index index, 19 stocks led by Reliance Industries, ICICI Bank, State Bank of India, ITC, HDFC Bank,
Hero MotoCorp and Larsen & Toubro dropped.
Emerging market economies (EMEs) have been caught off guard on the timing of the Fed decision, as consensus
seemed set on March 2014. Chances of a capital flight to the US and a strong USD are real, and EMEs could suffer as
higher than expected equity and debt outflows can materialise than already priced in, said Ashish Kumar,
Economist, Elara Securities in a report.
Finance Minister P Chidambaram tried to calm the sentiments by assuring that the government could take more
steps to deal with emerging situation.
I think the consequence should not be large. Even if there are some consequences then I think we are better
prepared, he said in New Delhi.
In the currency markets, the rupee was trading lower at 62.18 versus dollar. The dollar climbed against most of its 16
major counterparts after the US Feds taper decision.
On Wednesday, the Sensex had snapped a six-day falling streak to rise by 248 points after the RBIs surprise decision
to maintain a status quo on policy rates.
The National Stock Exchange index Nifty declined by 50.50 points, or 0.81 per cent, to 6,166.65. after touching the
www.thehindu.com/business/markets/sensex-falls-151-points/article5477399.ece?css=print
1/2
1/19/14
Sensex falls 151 points - The Hindu
days high of 6,263.75. Also, SX40 index, the flagship index of MCXSX fell 63.06 points to end at 12,336.53.
Sectorally, the BSE Banking sector index suffered the most falling 2.43 per cent, followed by capital goods index (1.91
per cent), Oil and Gas index (1.23 per cent) and Power index (1.02 per cent).
Keywords: Sensex close, Bombay Stock Exchange, BSE, Nifty, National Stock Exchange, NSE, Indian stock
market, Federal Reserve tapering
Printable version | Jan 20, 2014 7:47:36 AM | http://www.thehindu.com/business/markets/sensex-falls-151points/article5477399.ece
The Hindu
www.thehindu.com/business/markets/sensex-falls-151-points/article5477399.ece?css=print
2/2
1/19/14
2014 starts on dull note, Sensex down 30 points - The Hindu

2014 starts on dull note, Sensex down 30 points

The benchmark Sensex gave up initial gains in a lacklustre session on Wednesday following the absence of global
triggers and ended with a 30-point loss, logging a drop on the opening trading day of the year for the first time since
2006.
Most global stock markets, including those in Asia, Europe and New York, were closed.
Reliance Industries, TCS and Infosys shares were the biggest losers on the index, which received some support from
Bharti Airtel. Wipro and Tata Power fell.
Three of the 12 BSE sectoral indices -IT, tech and oil & gas fell. Realty sector index notched up a huge jump while
the others eked out minor gains.
The S&P BSE Sensex opened higher and climbed to 21244.35. It traded in a 110-point range before ending at
21140.48, a loss of 30.20 points.
It was the first drop for the index on day one of the year since January 2, 2006, when the Sensex fell 7.8 points.
The broader, 50-share CNX Nifty on the National Stock Exchange was down 2.35 points to 6301.65.
Though the index fell, the market breadth was strong as retail investors bought second-line stocks. The small and
mid-cap indices outperformed the Sensex with gains of 1.5 per cent and 0.47 per cent, respectively.
Government data released after market hours on Tuesday showed Indias fiscal deficit touched 93.9 per cent of the
annual target in April-November. An index of eight core industries grew 1.7 per cent in November from 5.8 per cent a
year earlier.
Foreign institutional investors bought shares worth a net Rs 309.70 crore on Tuesday, according to provisional data
Rupee down 10 paise
The rupee washed out almost all of the previous days gains and fell 10 paise to 61.90 against the dollar on Wednesday
in a lukewarm session on the first trading day of the new year.
Almost all world markets are closed on account of the New Years Day holiday.
A drop in local stocks and fresh dollar demand from importers weighed on the rupee. Persistent buying by foreign
funds in domestic stocks limited the rupees fall.
At the inter-bank foreign exchange market, the rupee opened lower at 61.83 a dollar against from the previous close of
61.80 and moved in a range of 61.80 to 61.97. It ended at 61.90, a fall of 10 paise or 0.16 per cent.
It was yet another range-bound session for the rupee...as most global markets have a bank holiday on the occasion of
New Year, said Abhishek Goenka, CEO of India Forex Advisors. PTI
Printable version | Jan 20, 2014 7:49:24 AM | http://www.thehindu.com/todays-paper/tp-business/2014-starts-ondull-note-sensex-down-30-points/article5528334.ece
The Hindu
www.thehindu.com/todays-paper/tp-business/2014-starts-on-dull-note-sensex-down-30-points/article5528334.ece?css=print
1/1
1/2/14
Sensex falls 252 points to end below 21,000 level - The Hindu
Business Markets
Sensex falls 252 points to end below 21,000 level

PTI
PTI Graphics
The benchmark Sensex on Thursday gave up initial gains to end lower by 252 points, logging its biggest drop since
November 21, on late profit-taking in bluechips, including ITC, L&T, ICICI Bank and RIL, amid mixed global cues
after disappointing Chinese data.
Selling was widespread with realty, capital goods, power and banking being among the worst hit. The IT sector, which
earns most revenues in dollar, escaped unscathed as the rupee slipped below the 62-mark against the US currency.
Falling for the second day in a row this calendar year, the Sensex closed at 20,888.33, down 252.15 points, or 1.19 per
cent after surging about 190 points intra-day to touch 21,331.32. On Wednesday, it had slipped by 30.20 points.
On November 21, 2013, the Sensex had slid 406.08 points.
Brokers said investors were seen booking profits after Sensex rose by around 9 per cent in 2013 as recent economic
data brought back the haze over domestic outlook, while global growth indicators still appear shaky.
Data on Wednesday showed Chinas Purchasing Managers Index slipped to a 4-month low in December, while
another report today indicated that manufacturing rose at a slow pace.
The broad-based National Stock Exchange index Nifty dropped by 80.50 points, or 1.28 per cent, to end at 6,221.15,
after climbing to 6,358.30 at the outset.
Also, SX40 index, the flagship index of MCX-SX, closed at 12,435.29, down 142.23 points.
In the 30-scrip Sensex, 25 stocks fell while five shares, including TCS, Infosys and Sun Pharma, ended in the green.
The BSE Realty sector index fell the most by losing 3.07 per cent, followed by Capital Goods index (2.84 per cent),
Power index (2.09 per cent) and Banking index (1.82 per cent).
In Asia, Kospi and Shanghai Composite fell while Nikkei, Strait Times and Hang Seng rose. However, FTSE, CAC and
DAX indices in Europe were trading lower in afternoon trade.
Keywords: BSE, NSE, Sensex, Nifty, Chinese data, stock markets
www.thehindu.com/business/markets/sensex-falls-252-points-to-end-below-21000-level/article5530202.ece?css=print
1/2
1/2/14
Sensex falls 252 points to end below 21,000 level - The Hindu
Printable version | Jan 3, 2014 8:25:11 AM | http://www.thehindu.com/business/markets/sensex-falls-252-points-toend-below-21000-level/article5530202.ece

The Hindu
www.thehindu.com/business/markets/sensex-falls-252-points-to-end-below-21000-level/article5530202.ece?css=print
2/2
1/19/14
Stocks start 2014 in the red - Jan. 2, 2014
Stocks start 2014 in the red

By Hibah Yousuf @CNNMoneyInvest January 2, 2014: 4:14 PM ET
61
61
TOTAL SHARES
NEW YORK (CNNMoney)
Stocks got off to a weak start for the year, as investors took a step back amid worries about slowing economic growth in China.
The Dow fell more than 130 points, or nearly 1%. The S&P 500 and Nasdaq also declined about 1%. This is the first time markets
started the year on a down note since 2008.
Investors were in a cautious mood after data showed that China's factories lost some momentum in December, adding to fears
that the world's second-largest economy may soften in the new year.
Economic data in the United States wasn't all that positive either. Manufacturing activity grew in December, but at a slightly
slower pace than the previous month, according to the Institute for Supply Management's index. Initial jobless claims fell for a
second straight week but came in slightly higher than expectations.
Trading volume will likely remain light this week as many traders are still away for the holidays.
Related: Click here for more on stocks, bonds, currencies and commodities
On the corporate front, shares of Fiat (

buying full control of Chrysler.
FIADF) jumped 16% in Milan after the Italian automaker announced Wednesday it was
A series of upgrades and downgrades from Wall Street analysts sent a number of big stocks moving.
Shares of Apple (
"outperform."
Sprint (
AAPL, Fortune 500) slid after Wells Fargo downgraded the iPhone maker to "market-perform" from
S, Fortune 500) moved lower following a downgrade from Cowen & Co.
1/3
1/19/14
A downgrade from Jefferies sent shares Abercrombie & Fitch (

boosted that retailer's shares.
Bank of America (
"neutral."
ANF) lower, while an upgrade of Urban Outfitters (
URBN)
BAC, Fortune 500) shares gained ground after Citigroup analysts upgraded the stock to a "buy" from
Traders on StockTwits thought Bank of America's strong start to the year could mean good things for the financial sector in
2014.
"$BAC Doors of reality waking up for some, as financials will be a huge winner in 14...Bullish," said traderrick1.
"I'd like to know where all the people who said $BAC going out of business are now," said micmaher. "Stronger U.S. economy
and steeper yield curve = profits. Bullish."
10 stock bets to make in 2014

While most stocks were lower Thursday, gold started off on a strong note, rising almost 2%. The precious metal fell 28% in 2013,
marking the first down year for gold prices since 2000. As gold priced advanced, shares of Newmont Mining ( NEM, Fortune
500) and other gold miners surged, as well as the SPDR Gold ETF ( GLD) and the Market Vectors Gold Miners ETF ( GDX).
StockTwits traders predicted that after a dismal 2013, this could be gold's year to shine.
"2014 surprise will be $GDX and $GLD," said Lach14. "Starting today."
StockTwits user hakihika said gold is one of his "favorite ideas for 2014."
"Hated in 2013, lots claiming it'll go to $1,000," he added. "Outperform in 2014. Off to a good start. $GLD."
Related: Fear & Greed Index shows more Greed
U.S. stocks finished higher Tuesday -- the final trading day of 2013 -- with the Dow and S&P closing out 2013 with record highs.
The Dow ended the year with a 26% gain, while the S&P 500 jumped more than 29% and the Nasdaq surged nearly 40%.
Markets were closed around the world Wednesday for the New Year's holiday.
Related: Which world markets will be hot in 2014?
European markets closed the first day of the year lower, with France's CAC 40 index and Germany's DAX declining by 1.6%.
Most Asian markets ended the day with small gains. The Shanghai Composite index moved up nearly 1%. The Tokyo Stock
Exchange was closed for an extended New Year break.
First Published: January 2, 2014: 9:41 AM ET
2/3
1/19/14
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Brent Crude Oil
$107.78
-3.02 -2.80%
2014.01.02 end-of-day
WTI Crude Oil
$95.44
-3.12%
-2.98
2014.01.02 end-of-day
Commodities
Crud e Oil
95.44
-3.12%
Na tura l G a s
4.32
+2.11%
G a soline
2.69
-3.37%
He a ting Oil
2.99
-2.63%
G old
1225.00
+1.89%
Silve r
20.10
+3.78%
Cop p e r
3.43
-0.29%
2014.01.02 end-of-day
Add to your site
Price
Change
2014.01.02 - $ 95.44
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Canvassed in Crimson: Bears Storm the Street in '14 Debut | Fox Business
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The number of Americans filing for initial jobless claims fell to 339,000
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Sensex drops 252 points, biggest fall in six weeks - The Hindu

Sensex drops 252 points, biggest fall in six weeks

The benchmark Sensex had its biggest drop in six weeks today, and fell 252 points to end below the 21000-level after
a late bout of profit booking wiped out the days gains.
It was the second straight loss for the index in as many days in the New Year as 11 of the 12 BSE sectoral indices
declined, led by realty, capital goods and power stocks. The IT sector index gained moderately.
ITC, Larsen & Tourbo, ICICI Bank and Reliance Industries together contributed 131 points to the drop in the Sensex.
BHEL, Tata Power and Coal India led 25 index shares down, leaving only five gainers.
The S&P BSE Sensex opened higher and climbed almost 200 points to 21331.32 in early trade. The decline started in
the afternoon as the index slid to the days low of 20846.67, a drop of 485 points from the days high.
The Sensex ended at 20888.33, a decline of 252.15 points or 1.19 per cent. It was the biggest fall since November 21,
when it lost 406.08 points.
The Sensex was back below the 21000-mark after two weeks.
The broader 50-share CNX Nifty on the National Stock Exchange dropped 80.50 points, or 1.28 per cent, to 6221.15.
Nifty opened on a strong note, and surged to high of 6358. However, profit-booking at higher levels was seen in latter
part of the day, said Nidhi Saraswat, Senior Research Analyst at Bonanza Portfolio. European and Asian indices
were also weaker and further dampened market sentiment.
Global stock markets were mixed after weaker manufacturing data in December indicated Chinas economy might be
slowing. PTI
Printable version | Jan 20, 2014 7:49:49 AM | http://www.thehindu.com/todays-paper/tp-business/sensex-drops252-points-biggest-fall-in-six-weeks/article5532481.ece
The Hindu
www.thehindu.com/todays-paper/tp-business/sensex-drops-252-points-biggest-fall-in-six-weeks/article5532481.ece?css=print
1/1
1/4/14
Brent Crude Oil
$106.89
-0.89 -0.83%
2014.01.03 end-of-day
WTI Crude Oil
$93.96
-1.58%
-1.48
2014.01.03 end-of-day
Commodities
Crud e Oil
93.96
-1.58%
Na tura l G a s
4.30
-0.39%
G a soline
2.65
-1.74%
He a ting Oil
2.94
-1.61%
G old
1238.40
+1.08%
Silve r
20.18
+0.42%
Cop p e r
3.41
-0.75%
2014.01.03 end-of-day
Add to your site
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Change
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1/19/14
Stocks start the week with losses - Jan. 6, 2014
Stocks start the week with modest losses

By Ben Rooney @CNNMoneyInvest January 6, 2014: 4:30 PM ET
72
36
TOTAL SHARES
NEW YORK (CNNMoney)
Investors returned from the holidays in a cautious mood, starting the first full week of 2014 with some light selling.
The Dow Jones industrial average, the S&P 500 and the Nasdaq all ended Monday modestly lower.
And there's a new index in town! CNNMoney's Tech 30 Index made its debut. The index is designed to give investors a snapshot
of 30 tech industry leaders around the globe.
The index includes U.S. tech heavyweights such as Apple ( AAPL, Fortune 500), Google ( GOOG, Fortune 500), Microsoft
( MSFT, Fortune 500) and Facebook ( FB, Fortune 500) as well as international companies Baidu ( BIDU) and SAP ( SAP).
The Tech 30 was up slightly.
After starting the year with a lackluster performance last week, stocks could continue to tread water in the run-up to Friday's big
jobs report.
Investors are also awaiting the release of minutes from the Federal Reserve's December meeting, when it announced plans to
trim its monthly bond purchases by $10 billion to $75 billion beginning this month.
Later Monday, the U.S. Senate is expected to confirm Janet Yellen to serve as the next chair of the Federal Reserve, after Ben
Bernanke's second term ends in January.
Related: Read more about CNNMoney's new Tech 30 index
Fool's gold? Gold prices briefly plunged $30 an ounce before bouncing back. The move triggered a 10 second pause in trading
after a "velocity logic event" occurred, according to a spokesman for exchange operator CME Group. Velocity logic events are
relatively common in electronic markets, the spokesman said. They provide a brief window for investors to modify or cancel
orders, he added.
1/3
1/19/14
While the CME spokesman said there were no erroneous trades, there was rampant speculation on StockTwits about what
caused the drop. Some compared it to the 2010 Flash Crash in stocks, while others claimed that gold prices are being
manipulated. But most were just trying to figure out what happened.
"Very erratic & unusual trades in $GLD last couple minutes - wonder what that is about - perhaps news pending" said
BenCBanks.
In corporate news, Men's Wearhouse ( MW) launched a hostile bid for rival suit seller Jos. A. Bank ( JOSB). After a series of
friendly offers and counter offers, Men's Wearhouse made a $1.6 billion cash bid and notified that it will nominate two members
for its board of directors.
Liberty Media Corporation ( LMCA) unveiled a complex proposal to take full control of satellite radio company Sirius XM
Holdings ( SIRI) by swapping stock. Liberty already owns a controlling stake in Sirius, but one analyst said the move is linked to
a potential deal between cable companies Charter Communications ( CHTR, Fortune 500) and Time Warner Cable ( TWC,
Fortune 500).
'Sirius' takeover for Time Warner Cable?

Charter, which Liberty also owns a stake in, has reportedly been in talks with major banks to borrow money to fund a possible
bid for Time Warner Cable.
Shares of Twitter ( TWTR) fell 4% after the stock was downgraded by several analysts. Twitter had a strong rally last month,
but shares have been volatile recently as analysts have warned that the stock is overvalued.
Bearish traders on StockTwits seized on the downgrades.
"$TWTR This stock is way too overvalued. With the downgrade, Id make the wager we'll see the 50's this week," said drhee2k.
Twitter shares were trading around $66, down from a high near $75 in late December. But Twitter wasn't the only stock moving
in response to an analyst report.
"I wonder what made more money today, MS downgrade of $TWTR or GS upgrade of $SCTY?," said soopy9.
SolarCity ( SCTY) shares jumped after being upgraded by Goldman Sachs ( GS, Fortune 500). SolarCity's chairman is Tesla
( TSLA) CEO Elon Musk. Meanwhile, First Solar ( FSLR) shares tumbled after Goldman downgraded the stock in the same
report. But one trader quipped about how the two big moves canceled each other. The Guggenheim Solar ( TAN)exchangetraded fund barely budged.
"Goldman cuts First Solar to Sell (down 9%), raises Solar City to Buy (up 9%). Investors in the solar ETF yawn (flat). $FSLR
$SCTY $TAN," said reformedbroker.
European markets ended mixed after the latest purchasing managers' survey showed the euro zone services sector lost some
2/3
1/19/14
momentum in December. Many Asian markets ended lower. The latest report from HSBC on China's services sectors showed a
slower rate of growth in December, adding to the downbeat tone.
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High yields will be a stretch for new U.S. debt
[what's this]
3/3
1/6/14
Brent Crude Oil
$106.73
-0.16 -0.15%
2014.01.06 end-of-day
WTI Crude Oil
$93.43
-0.57%
-0.53
2014.01.06 end-of-day
Commodities
Crud e Oil
93.43
-0.57%
Na tura l G a s
4.31
G a soline
2.65
He a ting Oil
2.94
G old
1237.80
-0.05%
Silve r
20.08
-0.52%
Cop p e r
3.41
+0.18%
2014.01.06 end-of-day
Add to your site
Price
Change
2014.01.06 - $ 93.43
-0.53 -0.57%
1 Year Forecast
$107 / Barrel
1/2
1/19/14
Sensex down 64 points - The Hindu


The S&P BSE Sensex dropped 64 points on Monday, completing a four-day rout that wiped out all of Decembers
gains. .
The markets were also cautious ahead of the earnings season starting this week and the release of minutes of the U.S.
Federal Reserves meeting, at which it decided to start tapering the stimulus programme from this month.
ICICI Bank, Infosys and Reliance Industries contributed the most to the decline in the Sensex. Tata Power, State Bank
of India and Hero MotoCorp led 20 index stocks lower. The Sensex opened on a higher note. It immediately fell, and
remained in negative terrain for the rest of the day. It closed at 20787.30, a fall of 64.03 points. The index has lost
383 points in the past four sessions. In December 2013, it had gained 378.75 points. The 50-share CNX Nifty on the
National Stock Exchange moved down 19.70 points to 6191.45.
Local sentiment was affected after foreign funds sold equities for the first time this year. Foreign institutional
investors sold shares worth a net Rs.18.06 crore on Friday, according to provisional data from the stock exchanges.
Rupee drops 15 paise
The rupee fell by 15 paise to close at a five-week low of 62.31 against the dollar on Monday amid bearish domestic
stocks and importer demand for the U.S. currency.
Capital outflows from the equity market aided the rupees decline, while a weakening dollar overseas helped the rupee
to come off the days low, a forex dealer said.
At the inter-bank foreign exchange market, the rupee resumed sharply lower at 62.35 a dollar from the previous close
of 62.16. It moved in a range of 62.24-62.4650 on alternate bouts of demand and supply. It closed at 62.31, a fall of 15
paise. This was the lowest level for the rupee since closing at 62.36 on December 3. PTI
Printable version | Jan 20, 2014 8:02:31 AM | http://www.thehindu.com/todays-paper/tp-business/sensex-down-64points/article5547457.ece
The Hindu
www.thehindu.com/todays-paper/tp-business/sensex-down-64-points/article5547457.ece?css=print
1/1
1/8/14
Wall Street Dips as Economy Takes Center Stage | Fox Business

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A report from payroll processor ADP showed 238,000 private-sector jobs
What's this?
were added in December, well above estimates of 200,000. The the data
Jobs Reports
come ahead of the all-important monthly jobs report from the Labor
Department, which comes out Friday. Several economists, including
those at Goldman Sachs, have warned cold weather that's swept
across the country represents a downside risk to these data.
Minutes from the Federal Reserves December policy-setting meeting
indicated the central bank is increasingly concerned about inflation
ADP: Private sector adds 238,000

jobs in December
Private Sector Adds 238,000 Jobs in Decem ber
levels that are running well below the targeted rate even as the U.S.
Week Ahead: Yellen Senate Vote, Decem ber

Jobs Report
economy recovers at a swifter pace. Those worries, along with the

housing markets unexpected sensitivity to rising interest rates,
helped guide the Feds decision to begin winding down QE3 slowly
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and add inflation as a key guidepost to its plans to eventually hike

short-term interest rates.
On the corporate front, Cantor Fitzgerald became the latest
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brokerage to cut Twitter (TWTR) to "sell" from "hold," sending the

short-messaging site's shares sinking in pre-market trading. Forest
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3:59 PM
Laboratories (FRX) said it would buy privately-held Aptalis for $2.9

billion in cash.
15.54

$2.68 a gallon. Gold was little changed at $1,230.
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Brent Crude Oil
$106.39
-0.76 -0.71%
2014.01.09 end-of-day
WTI Crude Oil
$91.66
-0.73%
-0.67
2014.01.09 end-of-day
Commodities
Crud e Oil
91.66
-0.73%
Na tura l G a s
4.01
-5.27%
G a soline
2.64
-0.52%
He a ting Oil
2.92
-0.96%
G old
1229.30
+0.33%
Silve r
19.66
+0.74%
Cop p e r
3.35
-1.18%
2014.01.09 end-of-day
Add to your site
Price
Change
2014.01.09 - $ 91.66
-0.67 -0.73%
1 Year Forecast
$105 / Barrel
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1/14/14
Brent Crude Oil
$106.75
-0.50 -0.47%
2014.01.13 end-of-day
WTI Crude Oil
$91.80
-1.00%
-0.92
2014.01.13 end-of-day
Commodities
Crud e Oil
91.80
-1.00%
Na tura l G a s
4.27
+5.17%
G a soline
2.63
-1.33%
He a ting Oil
2.93
-0.25%
G old
1250.90
+0.34%
Silve r
20.36
+0.79%
Cop p e r
3.40
+0.38%
2014.01.13 end-of-day
Add to your site
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Change
2014.01.13 - $ 91.80
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Bulls in Hiding: Wall Street Tumbles 1% | Fox Business

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Michael Block, chief strategist at Rhino Trading Partners, blamed

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yield on the 10-year Treasury bond fell just 0.031 percentage point to
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2.827% as traders bought-up the asset class despite slowing
Jobs Reports
purchases by the Federal Reserve.

Nevertheless, the losses on Wall Street were ugly. Every major S&P
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report
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U.S. banks, including J.P. Morgan Chase (JPM), Bank of America
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(BAC), Citigroup (C), Wells Fargo (WFC), Goldman Sachs (GS)

and Morgan Stanley (MS) are set to post earnings. On top of that,
Dow components General Electric (GE), Intel (INTC) and American
Exprss (AXP) are set to report.
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sentiment and the housing market.
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(BEAM) for $16 billion, including debt. The tie-up will make the world's
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Dow falls 1% as investors brace for earnings - Jan. 13, 2014
Dow falls nearly 200 points

90
90
TOTAL SHARES
NEW YORK (CNNMoney)
Investors moved to the sidelines Monday as they wait for a slew of corporate earnings reports later this week.
The Dow Jones industrial average fell 179 points, the worst one-day point drop in more than three months. The S&P 500 and
the Nasdaq were both down more than 1%. CNNMoney's Tech 30 index also fell, despite gains in Twitter ( TWTR), HewlettPackard ( HPQ, Fortune 500) and Netflix ( NFLX).
In other Tech 30 news, Google ( GOOG, Fortune 500) announced after the closing bell that it planned to buy Nest Labs, which
makes home automation technology, for $3.2 billion.
Investors are still digesting Friday's jobs report, which showed a big slowdown in job creation in the final month of 2013.
Despite the lousy jobs news, stocks managed to end higher Friday as investors generally believe the economy will continue to
improve in 2014.
The slowdown in hiring raised questions about the Federal Reserve's plan to cut back on, or taper, its bond buying program. The
Fed has announced plans to trim its purchases by $10 billion to $75 billion beginning this month.
Stocks were lower all day but extended their declines after Atlanta Fed President Dennis Lockhart said he would support
further tapering this year, assuming the economy continues to improve. However, Lockhart is not a voting member of the Fed's
policy committee and his comments were similar to previous statements.
Economists say the Fed will probably wait to see if the December payroll report was an anomaly before making any major
changes to monetary policy.
Related: Wolves of Wall Street to report earnings
Now investors are looking ahead to the first big round of fourth quarter earnings coming later in the week.
1/3
1/19/14
JPMorgan Chase ( JPM, Fortune 500) and Wells Fargo ( WFC, Fortune 500) are scheduled to report Tuesday morning, while
other big banks Bank of America ( BAC, Fortune 500), Citigroup ( C, Fortune 500), Goldman Sachs ( GS, Fortune 500) and
Morgan Stanley ( MS, Fortune 500) are also on tap to report their results.
The financial sector is expected to post the biggest profit growth in the quarter, according to FactSet. But some investors worry
that banks' revenue could be hurt by a slowdown in trading activity, particularly in the bond market.
Dow components General Electric (
GE, Fortune 500) and Intel (
INTC, Fortune 500) are up later in the week too.
Overall, FactSet expects earnings for the companies in the S&P 500 to be up 6.1% in the quarter.
Yet there has been an unusually high number of companies warning in advance that earnings will be below expectations. As of
Friday, 88 companies in the S&P 500 had issued negative earnings guidance. That trend continued Monday with two more
companies issuing profit warnings.
Related: Fear & Greed Index remains in Greed mode
What's moving: Yoga apparel retailer Lululemon ( LULU) cut its fourth quarter earnings guidance, saying that traffic and sales
have declined since the beginning of January. The stock tanked on the news, and at least one trader said Lululemon's products
are simply too expensive for most consumers.
"$LULU Guys, I'm looking for a $120 stretch pants that I can only wear when I work out. Oh wait, I'm not crazy," said StockTwits
user Sane.
Scarlett Johansson to fizz up SodaStream

SodaStream ( SODA) shares plunged after the company said profits for 2013 will fall short of expectations, due in part to weak
holiday sales in the United States. The sell-off revived talk that SodaStream is a takeover target.
"$SODA Market cap now under a billion. Lunch money take over for big names," said deedeebee2313.
Shares of Beam ( BEAM) shot up after the spirits maker announced it was being acquired by Japan's Suntory for $16 billion.
Beam, most well-known for its Jim Beam brand of bourbon, said the transaction was expected to close in the second quarter of
2014. Suntory is agreeing to pay $83.50 per share -- a 25% premium over Beam's closing price on Friday.
Twitter shares rose after analysts at Goldman Sachs praised the stock in a research report. Following a strong rally late last year,
Twitter has been volatile in recent weeks amid concerns the stock is overvalued.
"$TWTR Price goes up and down now not because of value but because everyone is trying to determine it's value. take your
position and trade," said Copernicus.
SeaWorld Entertainment ( SEAS) reported record revenue of $1.46 billion for 2013, driven by strong attendance at the
company's amusement parks during the fourth quarter, according to preliminary results. The stock rose more than 2%.
2/3
1/19/14
SeaWorld was the subject of a documentary that aired on CNN last year called Blackfish, which focuses on the dangers of
keeping killer wales in captivity. Shares fell 14% in 2013.
Netflix shares jumped although there was no company specific news to explain it. One trader speculated that the Golden Globe
victory for Robin Wright, star of the Netflix series House of Cards, could be a catalyst
"Looks like the Golden Globes wins really helped $NFLX this morning," said TheDayTradette.
Related: Ford unveils all-new F-150 in Detroit
Shares of General Motors ( GM, Fortune 500) and Ford ( F, Fortune 500) were little changed Monday as Detroit hosts the
North American International Auto show. Major automakers use the event to showcase their newest vehicles and innovations.
European markets edged higher. Asian markets ended with mixed results.
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The coming financial crisis of 2014, perhaps

JPMorgan could have ratted out Madoff but didn't
[what's this]
3/3
1/15/14
Brent Crude Oil, Gas, and Metals Prices.html
Brent Crude Oil
$106.39
-0.36 -0.34%
2014.01.14 end-of-day
Commodities
Crud e Oil
92.59
+0.85%
Na tura l G a s
4.37
+2.17%
G a soline
2.62
-0.45%
He a ting Oil
2.94
G old
1245.20
-0.46%
Silve r
20.25
-0.54%
Cop p e r
3.39
-0.35%
2014.01.14 end-of-day
Add to your site
Price
Change
2014.01.14 - $ 92.59
0.79 0.85%
1 Year Forecast
$106 / Barrel
file:///B:/Users/Srinivas V. Vadde/Desktop/Uploaded Links/Crude Oil & Economy Results/Updated Crude Oil and Gas Prices Data/Brent Crude Oil, Gas, and Met
1/1
1/19/14
Stocks end mixe on bad corporate news - Jan. 16, 2014
Stocks end mixed on bad corporate news

37
37
TOTAL SHARES
NEW YORK (CNNMoney)
Bad news from Corporate America weighed on the market Thursday.

Stocks closed mostly lower, with the S&P 500 pulling back from the record highs reached Wednesday and the Dow also
declining. The Nasdaq closed with a slight gain. CNNMoney's Tech 30 index also managed to finish higher, with an 11% jump in
shares of AOL ( AOL) and 7% pop in LinkedIn ( LNKD) leading the way.
Best Buy ( BBY, Fortune 500) was the biggest loser in the S&P 500, with shares tumbling almost 30%. Investors were
disappointed after the retailer reported a drop in holiday sales.
Best Buy shares more than tripled in 2013, as investors bet on a turnaround at the company. Some traders on StockTwits
wondered what the poor results could mean for Best Buy's future, given that the holiday shopping season is typically the
strongest period all year for retailers.
But abebut pointed out that a pullback may be healthy for Best Buy's stock, following its massive run-up, adding that Apple
( AAPL, Fortune 500) and Tesla ( TSLA) shares have done the same.
"$BBY was a bubble and it simply returned to the fair price," he said. "Same happened with $AAPL & $TSLA before. Bubble
popping is good and healthy."
Related: Click here for more on stocks, bond, currencies and commodities
Also in the retail world, shares of J.C. Penney ( JCP, Fortune 500) declined after the troubled department store owner
announced plans to eliminate 2,000 jobs and close 33 stores.
StockTwits trader SDtrade said closing stores is typically part of a struggling company's turnaround process, so the
announcement shouldn't be a surprise.
1/3
1/19/14
"$JCP Just part of their turnaround, who wasn't expecting they close bad stores?" he asked.
Investors were also wading through a number of quarterly results Thursday, including reports from banks Goldman Sachs
( GS, Fortune 500) and Citigroup ( C, Fortune 500).
Citigroup's earnings were the first from the big six banks to disappoint investors. Shares declined more than 4% after reporting
earnings and revenue that fell short of expectations.
Goldman Sachs' earnings were better than analysts' forecasts, but shares were also lower as the bank's profit in the last three
months of 2013 fell 19% from a year earlier.
Train stocks go off the rails

Shares of railroad CSX ( CSX, Fortune 500) fell sharply after the company said its profit declined during the fourth quarter due
to weak coal demand. Shares of rival railroads Norfolk Southern ( NSC, Fortune 500) and Union Pacific ( UNP, Fortune 500),
which report results next week, were also down.
Dow components Intel ( INTC, Fortune 500) and American Express ( AXP, Fortune 500) both reported earnings that missed
expectations following the closing bell Thursday. Shares of each company declined in after-hours trading.
In other corporate news, shares of Nu Skin ( NUS) tanked following reports that the Chinese government has begun
investigating the company following allegations from newspaper the People's Daily that the U.S. multi-level marketing skincare
company is running a pyramid scheme in China.
Nu Skin said the People's Daily article "contains inaccuracies and exaggerations that are not representative of Nu Skin's
business in China" and claimed the "reporters did not attempt to verify any information with Nu Skin."
But traders had mixed reactions, with some seeming unconvinced by Nu Skin's response and others dismissing the
investigations.
"$NUS No matter how much anyone defend this, it's very clear there is definitely something wrong here," said
Championinvestor. "Chinese gov investigation is serious thing! Bearish."
But stocktrader911 predicted Nu Skin shares would bounce back.
"Nothing to worry," he said. "It's just a game that is normal practice in China. Need to buy."
Shares of Herbalife ( HLF), a multi-level marketing nutrition company, also fell. Activist investor Bill Ackman has been
accusing Herbalife of being a pyramid scheme since December 2012. But the company has defended itself. And many investors,
including billionaire Carl Icahn, have placed bets on the company despite Ackman's bearish position.
Related: Follow CNNMoney's Tech 30
Shares of Hewlett-Packard (
HPQ, Fortune 500) moved higher as investors grew optimistic about the firm's plans to sell some
2/3
1/19/14
new tablets in the Indian market. It was another big winner in the Tech 30 index.
CEC Entertainment, ( CEC) the owner of Chuck E. Cheese, announced that private equity firm Apollo Global Management
( APO) was buying it for $1.3 billion.
Related: Fear & Greed Index continues to show Greed
On the economic front, filings for initial jobless claims fell last week. A reading on consumer prices for December showed that
inflation remains tame.
European and Asian markets posted mixed results.
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Sensex falls nearly 202 points - The Hindu
Business Markets
Sensex falls nearly 202 points

PTI
Falling for the second session, the benchmark Sensex on Friday dropped nearly 202 points on selling in shares of TCS,
HDFC and ICICI Bank.
The BSE Sensex, which had lost 24.31 points on Thursday, dropped further by 201.56 points to end at 21,063.62, after
touching an intra-day low of 21,015.61.
TCS dropped 5.77 per cent after analysts said the companys margins for December quarter came below estimates.
Shares of ITC ended 0.26 per cent lower after it reported 16.25 per cent rise in net profit at Rs. 2,385.34 crore for the
third quarter ended December 31. Selling was also seen in HDFC Bank counter after it logged 25.1 per cent jump in
net profit.
Wipro fell over 3 per cent ahead of earnings. RIL, which will also announce earnings after markets close, was
marginally down. Airtel remained weak for the second day.
The 50-share National Stock Exchange index Nifty fell 57.25 points to end at 6,261.65.
trade
Printable version | Jan 20, 2014 8:05:01 AM | http://www.thehindu.com/business/markets/sensex-falls-nearly-202points/article5586512.ece
The Hindu
www.thehindu.com/business/markets/sensex-falls-nearly-202-points/article5586512.ece?css=print
1/1
1/26/14
On second thought, earnings aren't so good - Jan. 21, 2014
Weak outlooks make investors nervous

30
30
TOTAL SHARES
NEW YORK (CNNMoney)
The Dow Jones industrial average tumbled Tuesday on cautious guidance from three blue chip companies, but the broader
market was supported by shares of two big industrial companies.
Although the Dow ended the day lower, it pared its losses during the afternoon. Verizon ( VZ, Fortune 500), Travelers ( TRV,
Fortune 500) and Johnson & Johnson ( JNJ, Fortune 500) all weighed on the 30-stock index. The S&P 500 edged higher thanks
to gains in shares of Dow Chemical ( DOW, Fortune 500) and former Dow component Alcoa ( AA, Fortune 500). The Nasdaq
also moved higher.
BlackBerry ( BBRY) surged amid hopes the smartphone maker's new CEO John Chen will turn the company around. After last
year's drubbing, BlackBerry is the best performing stock in CNNMoney's Tech30 Index so far in 2014. The Tech 30 was higher
Tuesday, largely due to BlackBerry's big pop.
Related: Top stock picks from top pros
Stocks have been off to a rocky start in 2014. After last year's big rally, investors are looking for signs the economy will be strong
enough to keep the bull market going. But with little economic data on the agenda this week, investors are turning their
attention to fourth quarter reports from big U.S. corporations.
Earnings not good enough? Johnson & Johnson reported quarterly results that topped expectations, but shares fell on the
company's cautious outlook for 2014. Earnings at Verizon were also better than expected, while revenue growth was in line.
Travelers reported strong earnings thanks to lower catastrophe losses.
Delta ( DAL, Fortune 500) shares gained after the airline's earnings came in above forecasts. Shares of Halliburton ( HAL,
Fortune 500) fell despite better-than-expected results. Alcoa shares gained after analysts at JPMorgan upgraded the stock.
After the market closed, IBM (
IBM, Fortune 500) reported earnings that topped analysts' expectations. But the stock fell in
1/3
1/26/14
On second thought, earnings aren't so good - Jan. 21, 2014
extended trading as sales missed forecasts. Microsoft (

due to report results this week.
MSFT, Fortune 500) and Netflix (
NFLX) are among the companies
Related: Snow can't stop hot airline stocks
Overall, earnings are expected to be up 5.9% in the fourth quarter for the companies in the S&P 500, according to FactSet
Research. A few weeks ago, the forecast was for earnings growth of 6.3%, but the estimate was revised lower this week due to
disappointing reports, including lower profits in the energy sector.
"So far earnings results have been overall supportive of stock prices even as the market has come under some degree of pressure
after a spectacular performance in the year just ended," said John Stoltzfus, chief investment strategist at Oppenheimer.
On the move. BlackBerry's huge surge made it a trending stock on StockTwits, where some investors were feeling vindicated.
Back in Black-Berry
"$BBRY Patient longs are smiling today as others begin to see the value which was so obvious to some earlier," said zamphir.
Other traders were still dubious.
"$BBRY Can't believe this trash is up," said CramericaSucks.
Expedia ( EXPE) shares fell on reports the online travel company has lost 25% of its "search visibility" on the web. But at least
one trader was skeptical about the report.
"I don't think it is wise to exit any existing positions in $EXPE based on news from 1 blog. Especially two weeks before earnings,"
said DanStarr.
Dow Chemical shares jumped after activist investor Dan Loeb's Third Point Capital announced a "significant" stake in the
company.
Loeb wants Dow to spin off its petrochemicals business, which he thinks should be cashing in on the U.S. shale gas boom,
according to a letter posted on hvst.com. But one trader warned that investors who are blindly following Loeb's lead are being
duped.
"$DOW Following one active investor is a 'Sheep Behavior'. He is taking your money," said scottsdalem.
Under Armour ( UA) shares jumped after the sports apparel maker announced a 10-year contract as the exclusive outfitter of
the University of Notre Dame's 26 varsity teams.
European markets ended mixed. Asian markets rose Tuesday, supported by China's central bank injecting billions into the
financial system to boost liquidity. Chinese stocks were also supported by a spate of initial public offerings, which come after
Beijing ended a 14-month IPO ban.
2/3
1/26/14
Dow slips again as IBM shares slide - Jan. 22, 2014
Dow slips again as IBM shares slide

By Hibah Yousuf @CNNMoneyInvest January 23, 2014: 5:01 AM ET
76
76
TOTAL SHARES
NEW YORK (CNNMoney)
Investors remained in a cautious mood Wednesday following another mixed batch of earnings reports.
The Dow ended lower for a second day in a row, as a disappointing outlook from IBM ( IBM, Fortune 500) weighed on the blue
chip index. IBM shares declined more than 3%. But the S&P 500 and Nasdaq managed to end with small gains. So did
CNNMoney's new Tech 30 index.
StockTwits user and Estimize founder LDrogen noted that there were some bright spots in IBM's earnings, and improvement
could be around the corner.
"$IBM Smarter Planet revs up 20%, Cloud services revs up 69%, future is very bright once they get through the transition," he
said.
But others were skeptical -- and one made a joke about IBM's supercomputer ... and "Jeopardy" champion.
"You think @WarrenBuffett is buying more $IBM right now?" asked DividendBuddy. "@IBMWatson says, "What is I don't think
so." Bearish."
Warren Buffett's Berkshire Hathaway (
BRKA, Fortune 500) has a 6% stake in IBM, making it Big Blue's largest shareholder.
Related: Invest in innovation - 5 stock picks
After the closing bell, shares of eBay ( EBAY, Fortune 500) surged 8% after the online auction site barely beat earnings
estimates and disclosed that activist investor Carl Icahn submitted a proposal to spin off PayPal.
EBay said that Icahn acquired a stake in the company earlier this month and planned to put two of his employees on its board of
directors.
1/3
1/26/14
Also after the bell, Netflix ( NFLX) delivered better-than-expected fourth quarter earnings and sales. The company also gave
solid guidance for the first quarter of 2014, sending shares up more than 15% in after-hours trading.
Shares of Advanced Micro Devices ( AMD, Fortune 500) tumbled after the company's guidance for the current quarter fell
short of expectations. It's the latest bit of bad news for semiconductor stocks following last week's earnings from Intel ( INTC,
Fortune 500) and the news that Intel was planning to cut jobs this year.
Coach (
COH) shares also fell after the luxury retailer's earnings and sales came in below expectations.
Overall, earnings are expected to be up 5.9% in the fourth quarter for the companies in the S&P 500, according to FactSet
Research.
On the bright side, BlackBerry ( BBRY) shares surged again after the smartphone maker said it was unloading the majority of
its Canadian real estate assets. BlackBerry is the top performer in the Tech 30. Shares have been rising as investors bet that new
CEO John Chen will help put the company back on track.
"$BBRY very hard to watch BB going up weekly," said StockTwits trader brandon123. "I had to dip my toes in it. Everyone roots
for the underdog. Chen making great decisions. Bullish."
Trader duke2duke added that BlackBerry may also be starting to attract attention from hedge funds.
"$BBRY This bullish move is not without reasons," he said. "This stock is undervalued and HFs are seeing that now. Bullish."
Priceline ( PCLN, Fortune 500) shares continued to trade above $1,200 per share, after hitting the milestone for the first time
Tuesday. Priceline has the highest stock price of any company in the S&P 500. Google ( GOOG, Fortune 500) is trailing it with a
price of around $1,165.
Priceline: Don't short the Shat!

Also on the tech front, Apple ( AAPL, Fortune 500) shares rose after Carl Icahn said he has increased his stake in the company
by $500 million to total $3 billion, reiterating that the investment is a "no brainer."
But the gain was modest, especially compared to previous times Icahn has announced his stake in Apple.
"$AAPL Looks like Icahn is not the market mover he was," noticed RobertinGatos. "Posturing does have its limits. Doesn't
matter, Apple's earnings rule after Monday."
Apple will report its latest quarterly results on January 27.
Related: Keep track of CNNMoney's Tech 30
And StockTwits trader FirstMileMD said he doesn't care for Icahn or his push for the company to buy back an additional $150
billion of its own stock.
"$AAPL I own the company but not because of Icahn," he said. "I will vote against his proposal. Apple knows what's best for
2/3
1/26/14
Apple."
Stocks have been off to a rocky start in 2014 while bonds have actually outperformed. After last year's big rally, investors are
looking for signs the economy will be strong enough to keep the bull market going. But with little economic data on the agenda
this week, investors have turned their attention to earnings from big U.S. corporations.
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1/23/14
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1/1
1/26/14
Stocks hit hard as investors fret earnings growth - Jan. 23, 2014
Stocks drop as investors sweat earnings

By Jesse Solomon @JesseSolomonCNN January 23, 2014: 4:22 PM ET
39
39
TOTAL SHARES
NEW YORK (CNNMoney)
Stocks slid Thursday as investors worried about corporate earnings. The Dow dropped more than 180 points and declined for
the third day in a row, while the S&P 500 and Nasdaq also finished lower.
Stocks have been off to a rocky start in 2014 while bonds have outperformed. After last year's big rally, investors are looking for
signs the economy will be strong enough to keep the bull market going. And so earnings have come squarely in focus.
But good news from Microsoft could help the markets on Friday. Microsoft ( MSFT, Fortune 500) rose in after-hours trading
thanks to better-than-expected earnings and sales. Despite the strong results, investors will likely be listening for more
information on Microsoft's CEO succession plans.
Shares of Noki ( NOK)tanked after the cell phone and networking equipment maker reported a bigger than expected loss and
drop in sales. Microsoft is in the process of buying Nokia's device business.
Shares of IBM ( IBM, Fortune 500) ended slightly higher after it announced a deal early Thursday to sell part of its server
business to Chinese computer maker Lenovo ( LNVGF) for $2.3 billion. IBM fell on Wednesday as well following a weak
earnings report.
Related: Top stock picks from top pros
Facebook ( FB, Fortune 500)shares dropped after a report Wednesday called the social media giant's longevity into question
by comparing it to MySpace. Facebook had been on a tear, but shares have pulled back in recent days as investors gear up for the
company's earnings next week.
Some felt the report was nonsense.
"$FB where are you people coming out of the woodwork with all this stuff about FB not around in a couple years?," said
1/3
1/26/14
Stocks hit hard as investors fret earnings growth - Jan. 23, 2014
StockTwits user Scorponox.
Will Facebook go the way of the dodo?

Shares of Herbalife ( HLF) plunged 10% after Senator Ed Markey, a Democrat from Massachusetts, called for an investigation
into the company's business practices.
The vitamin and nutritional supplements distributor has been caught in the middle of a battle between hedge fund titans,
including Pershing Square's Bill Ackman, who has called it a pyramid scheme, and Carl Icahn, who has a big stake in the company.
"Bill Ackman is having a good day. $HLF," quipped StockTwits trader adamwins76.
But StockTwits trader CalvinGecko disagrees with Ackman's thesis.
"$HLF...This is not a pyramid. Senators letters mean nothing," he said.
But there were some big winners even as the broader market sank.
Netflix ( NFLX), a member of CNNMoney's Tech 30 Index, jumped over 16% after the company reported its biggest quarterly
gain in subscribers in three years.
StockTwits user irwebreport felt the Netflix's announcement came as a surprise to the market.
"$NFLX chances of it being a top S&P 500 performer 2 yrs in a row now look good.," he said. "Yesterday this time it seemed
impossible."
Related: CNNMoney's Tech 30
Shares of eBay ( EBAY, Fortune 500) got a bump after the online auction site said Wednesday that Icahn took a small stake in
the company and submitted a proposal to spin out PayPal into a separate business. eBay said it had no plans to follow through
on Icahn's plan. CEO John Donahue called it a "distraction" on the company's earnings conference call.
"Prime example of CEOs not doing their primary job - shareholder value," said StockTwits trader JJSinghSTARR. who
supported Icahn's move. "Market thinks $EBAY spinoff great idea."
Apple ( AAPL, Fortune 500) shares turned higher after Icahn took to Twitter to disclose that he had increased his stake in the
company by $500 million. If that sounds familiar, it's because he did the exact same thing yesterday. The activist investor has
been publicly campaigning for Apple to return more cash to shareholders in the form of a $150 billion buyback. On Thursday, he
put out a seven page letter to Apple making his case.
The major European markets ended down while Asian markets finished lower on disappointing report on manufacturing
activity in China.
2/3
1/24/14
Dow suffers worst week since 2011 - Jan. 24, 2014
Dow suffers worst week since 2011

Click the chart for stock market data.
84
84
TOTAL SHARES
NEW YORK (CNNMoney)
Good riddance to this week. It was another ugly day on Wall Street -- and for markets around the globe.
The Dow dropped nearly 320 points Friday, or almost 2%. The S&P 500 and Nasdaq fell more than 2%. CNNMoney's Tech 30
index also fell about 2%, despite a jump in shares of Microsoft ( MSFT, Fortune 500) following strong quarterly sales and
earnings.
The losses come at the end of the worst week for stocks in recent memory. The Dow tumbled more than 3.5%, its work week
since November 2011. The S&P 500 slid more than 2.6%, logging its biggest weekly decline since May 2012.
Meanwhile, the Nasdaq tumbled almost 1.7%, its first weekly decline of the year and the worst since August.
All three indexes are now in negative territory for the year. The selling has some investors bracing for a correction, usually
defined as a decline of 10% or more.
"$SPY If market doesn't bounce here, I imagine this will end up being a full 10% correction," said StockTwits trader kgpittm.
StockTwits user Fundraising pointed out that he'd prefer a correction sooner rather than later so that stocks can resume their
upward trend.
"$SPY with how much correction talk out there I would rather have it now so it has more legs to run later Bullish," he said.
Investors dump stocks around the world: Concerns about an economic slowdown in China pressured markets around the globe.
Asian markets ended mixed after the HSBC survey showed that Chinese manufacturing activity slowed in January for the first
time in six months and as a high-yield investment product from China's largest bank faces imminent default.. The Shanghai
Composite did wind up notching a 0.6% gain, but markets in Hong Kong and Tokyo both dropped more than 1%.
money.cnn.com/2014/01/24/investing/stocks-markets/index.html?iid=Lead
1/3
1/24/14
Related: Fear & Greed Index moves into fear
European markets closed sharply lower, with Germany's DAX and France's CAC 30 dropping more than 2% each. And emerging
market currencies were also in sell-off mode.
Stocks down? It's about time!

Argentina's peso has tumbled more 15% against the dollar over the past two days amid concerns over the country's foreign
exchange reserves. Meanwhile, the Turkish lira fell to a record low for a ninth straight day against the dollar. The lira is down
more than 8% this year. India's rupee also lost significant ground against the dollar.
As investors fled riskier assets like stocks and emerging market currencies, they moved into safe havens like gold and Treasuries.
The yield on the benchmark 10-year Treasury fell to 2.73%, its lowest level since late November. (Bond yields and prices move in
opposite directions.)
Earnings continue to disappoint: News from Corporate America wasn't helping either. After last year's big rally, investors are
looking for signs the economy will be strong enough to keep the bull market going but so far, this earnings season has been
decent, as opposed to spectacular.
102 S&P 500 companies have reported fourth-quarter results, with only 66 beating analysts' estimates, according to S&P
Capital IQ. Of the remainder, 26 have missed, and 10 have met expectations.
Related: Keep track of CNNMoney's Tech 30 index
Xerox (
profit.
XRX, Fortune 500)shares took a dive after the copy machine company reported declines in quarterly revenue and
Honeywell (
HON, Fortune 500)shares were also down as the defense contractor reported a slip in quarterly sales.
Procter & Gamble ( PG, Fortune 500) was one of the few bright spots in the market Friday. The stock rose nearly 2% after
reporting quarterly profits that, while lower than a year ago, beat estimates.
Starbucks (
SBUX, Fortune 500) shares were also rising after the coffee giant reported better-than-expected earnings.
Natural gas jumps to almost 4-year high: As frigid temperatures continued to bite across many parts of the country, natural gas
prices soared almost 10% above $5 per million British Thermal Unit, crossing the milestone for the first time since the summer
of 2010.
Many home across the country use natural gas as their man heating fuel.
The ongoing surge in prices was a hot topic among traders, with many touting the United States Natural Gas (
commodity ETF.
UNG)
"$UNG Burning through tomorrow's household fuel....TODAY!" quipped chumpville.
2/3
1/24/14
"Look at Nat Gas go! #trendfollowing is loving this #polarvortex weather! $UNG" said attaincapital.
But StockTwits trader LinvestResearch predicted there could be a pullback in prices soon and pointed to the VelocityShares 3x
Inverse Natural Gas ETN ( DGAZ), which goes down when natural gas prices go up. It plunged 17% Friday.
"There will be correction after these gaps," she said. "#Natgas has reached multi-year highs. Profit taken soon $UNG $DGAZ."
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Sensex retreats from record high, drops 240 points - The Hindu
Business Markets
Sensex retreats from record high, drops 240 points

PTI
The BSE benchmark index Sensex on Friday dropped by 240.10 points from record high levels, posting its second
biggest drop this year due to profit booking by investors and concerns that RBI may keep its policy rates high to
control inflation.
Weak global trends following poor economic data in the US and China also impacted the market sentiment.
The 30-share index closed at 21,133.56 points, down by 240.10, or 1.12 per cent - the biggest loss since January 2.
The barometer had closed at record high levels in the previous two sessions on the back of strong corporate earnings.
Profit booking was triggered by RBI Governor Raghuram Rajan comments that inflation was a destructive disease
that was forcing the bank to keep interest rates high, brokers said. The point is inflation is hitting the growth in the
long run. There can be no trade-off. There is need to bring inflation down, Dr Rajan had said on Thursday.
The broad-based National Stock Exchange index Nifty fell by 78.90 points, or 1.24 per cent, to settle at 6,266.75.
Markets did react to the weak economic data in China and US, said Dipen Shah, Head-Private Client Group
Research, Kotak Securities.
Interest rate sensitive stocks suffered the most, with the BSE realty index dropping the most by 3.19 per cent.
Capital Goods index fell by 2.68 per cent, Consumer Durables index by 2.65 per cent and banking index by 1.88 per
cent.
Among major Sensex losers, BHEL dropped by 3.39 per cent, Tata Motors by 3.26 per cent and ICICI Bank by 1.96 per
cent.
Among 30 Sussex shares, 27 declined.
www.thehindu.com/business/markets/sensex-retreats-from-record-high-drops-240-points/article5614286.ece?css=print
1/2
1/24/14
Sensex retreats from record high, drops 240 points - The Hindu
Only three Sensex stocks - Reliance Industries, NTPC and Bajaj Auto - gained and saved the market from further fall.
Trading sentiment also dampened as drug maker Ranbaxy Laboratories tumbled by 19.33 per cent after the US
regulators banned it from producing or selling drug ingredients for the American market from a fourth plant in India.
Keywords: Sensex, Profit booking, RBI, Inflation, Policy rates
Printable version | Jan 25, 2014 7:02:25 AM | http://www.thehindu.com/business/markets/sensex-retreats-fromrecord-high-drops-240-points/article5614286.ece
The Hindu
www.thehindu.com/business/markets/sensex-retreats-from-record-high-drops-240-points/article5614286.ece?css=print
2/2
1/24/14
Wall Street Slammed by Specter of Emerging-Market Contagion | Fox Business

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Michael Block, chief strategist at Rhino Trading Partners, said the
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reason moves in these currencies are hitting U.S. markets is because
Jobs Reports
of correlation. He said the same investors that trade U.S. stocks and
Treasuries also engage in currency trading. As those people swiftly
adjust positions abroad, they also need to make changes to their
portfolio of U.S. holdings.
"This is the only reason why Argentina matters," he said, "that said,
this will blow over soon."
Weekly jobless claims rise to

326,000
Weekly Jobless Claim s Fall for Second-Straight
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that as the Federal Reserve eases its vast asset-purchase program -called QE3 -- issues that had been brewing will bubble to the surface.
"This is contagion from the Fed and the possibility of no more QE.
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Who cares about Argentina, theyve been a mess for many years," he
said. "QE covers up all the warts and blemishes and once it starts
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going away, they all come to the surface."

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3:45 PM
The Dow posted its worst week since June, while the S&P 500
logged its worst week since December. Traders have been moving
36.96
3:45 PM
from assets that are seen as risky, to safe havens like U.S Treasury
bonds. Meanwhile, the CBOE's VIX, which is seen as a Wall Street's
79.51
3:45 PM
fear gauge,surged close to 30%.

On the corporate front, Microsoft (MSFT) posted quarterly profits that
easily beat expectations after the closing bell on Thursday. Procter &
Gamble (PG) posted a slight quarterly beat on the bottom line, and
top-line results that matched expectations.
Elsewhere, in commodities, U.S. crude oil futures fell 25 cents, or
0.26%, to $97.07 a barrel. Wholesale New York Harbor gasoline fell
0.48% to $2.649 a gallon. Gold rose $7, or 0.55%, to $1,270 a troy
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The Independents' hate
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Mounting Emerging-Market Gloom

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Sensex dives over 426 points - The Hindu
Business Markets
Sensex dives over 426 points

Impact of news on likelihood of withdrawal of stimulus measures by the Federal Reserve
Stock indices tumbled and rupee lost its gains on Monday on the eve of the monetary policy review by the Reserve
Bank of India following news on likelihood of withdrawal of stimulus measures by the U.S. Federal Reserve.
The S&P BSE Sensex tumbled by 426.11 points or 2.02 per cent to 20707.45. The Sensex has fallen 3.1 per cent since
hitting a record closing high of at 21,373.66 last Thursday.
The rupee, meanwhile, dipped to 63.10 at its close on Monday compared to 62.66 a dollar on Friday. It touched an
intra-day low of 63.32. .
On the BSE, the Sensex was dragged down by the realty stocks which tumbled by 6.82 per cent followed by banks
(3.97 per cent), metal (3.81 per cent), automobile (3.33 per cent), power (3.01 per cent), capital goods (2.70 per cent)
and oil & gas (2.37 per cent). All sectoral indices ended in the red.
On the National Stock Exchange, 50-share Nifty closed at 6135.85 with a loss of 130.90 points or 2.09 per cent.
The main reason for the heavy market fall stems from the fact that a global poll conducted over the week-end
concluded that the Federal Reserves plan of tapering its $85 billion Quantitative Easing (QE) programme would have
more far reaching consequences on the short-term economy than previously anticipated, said Raghu Kumar, Cofounder RKSV, a leading broking firm.
Despite most countries shrugging off the potential of major negative economic impact at the World Economic Forum
held at Davos, the markets were clearly not satisfied.
Mr. Kumar added that Fears that the rupee might depreciate over the coming months combined with negative
growth prospects due to the QE taper contributed towards the Sensex fall.
Printable version | Jan 28, 2014 4:53:41 AM | http://www.thehindu.com/business/markets/sensex-dives-over-426points/article5622446.ece
The Hindu
www.thehindu.com/business/markets/sensex-dives-over-426-points/article5622446.ece?css=print
1/1
1/27/14
Stocks tumble as global jitters persist - Jan. 27, 2014
Stocks tumble as global jitters persist

28
28
TOTAL SHARES
NEW YORK (CNNMoney)
Stocks ended a choppy day in the red Monday as concerns about emerging markets and corporate earnings kept investors on
edge.
The Dow Jones industrial average and the S&P 500 were both dragged lower. But losses were offset by gains in Caterpillar
( CAT, Fortune 500) shares. The construction equipment giant reported strong quarterly results and approved a new $10
billion stock buyback program.
The Nasdaq slid more than 1% on declines in shares of biotechnology companies such as Celgene ( CELG, Fortune 500) and
Alexion Pharmaceuticals ( ALXN). The PowerShares QQQ Trust ( QQQ), a widely-held exchange-traded fund that tracks the
Nasdaq 100, is now down more than 2% for the year. And some are worried that the ETF will fall even further.
"$QQQ is teetering on the edge. We may see a sizable correction begin to unfold," said StockTwits user OptionsElite.
And CNNMoney's Tech 30 index fell on weakness in shares of social media companies Twitter (
Fortune 500) and LinkedIn ( LNKD).
TWTR), Facebook (
FB,
Weak revenue guidance from Apple ( AAPL, Fortune 500) following the closing bell could weigh on the market on Tuesday as
well. Shares were down 5% in extended trading even though earnings topped forecasts. The stock in regular trading Monday on
hopes of strong iPhone sales.
Last week was a rough one for stocks. The Dow shed around 2% Friday to end the week down 3.5%. The Nasdaq and S&P 500
both closed more than 2% lower Friday.
The market's so-called fear gauge, the CBOE Market Volatility Index, or VIX ( VIX), shot up 25% on Friday, the biggest one-day
percentage jump since last year's Boston Marathon bombings. The VIX was down nearly 6% on Monday as the stress eased.
1/3
1/27/14
But CNNMoney's Fear & Greed index, which looks at the VIX and six other gauges of sentiment, hit a level indicating "Extreme
Fear" in the market Monday.
Related: Buckle up! 2014 will be a bumpy ride
Caterpillar gives investors hope

Is a correction brewing? Many investors say stocks could be headed for a correction, typically a drop of 10% or more. Following
last year's big rally, stock prices -- as measured by how they trade relative to expected earnings -- have risen to levels that are
considered slightly expensive.
Jack Ablin, chief investment officer at BMO Private Bank, said stocks could slide further if corporate results fail to move the
needle. "If earnings and revenue don't move at all, the market could drop 10% or more," he said. While "valuations are a bit
stretched," Ablin still expects 2014 to be "incrementally positive" for stocks.
So far, corporate earnings have beaten analysts' modest expectations. Of the 123 S&P 500 companies that have reported results
through Friday, 68% have had earnings above expectations, according to FactSet Research.
Investors will get results from 130 of the companies in the S&P 500 this week. The stock was also one of the top performers in
CNNMoney's Tech 30 index.
In economic news, new home sales plunged 7% in December from November, according to the Commerce Department.
December new home sales were up 4.5% from a year ago. New home sales data can be volatile, and some of the drop could be
due to colder-than-normal temperatures last month, said Jim O'Sullivan, chief U.S. economist at High Frequency Economics.
Related: Fear & Greed Index slides into extreme fear
Emerging markets in turmoil. Meanwhile, emerging markets extended their recent losses Monday amid worries about an
economic slowdown and liquidity shortfalls.
Emerging markets have ridden a wave of liquidity over the past few years as central banks in the developed world, including the
Federal Reserve, have pumped money into the global economy. But as the Fed begins to scale back its bond buying this year,
investors have been pulling money out of emerging markets, prompting some central banks to intervene.
The Turkish lira regained some ground Monday after Turkey's Central Bank announced plans to hold an emergency meeting
Tuesday. The Argentinian peso has been under heavy pressure since the nation's central bank devalued the currency Thursday
in a bid to jump start growth. India's rupee has also been hit hard.
Investors have also been worried about China, the world's second largest economy, following a disappointing report on
manufacturing activity last week and ongoing worries about the nation's financial sector.
Despite the flight from emerging markets, the market panic does not appear to be spreading.
"Does look though to just be $EEM contagion and not something much worse, overall paradigm doesn't seem to have changed,"
said LDrogen on StockTwits. Still, the iShares MSCI Emerging Markets ETF ( EEM) is down nearly 10% so far this year.
2/3
1/27/14
European markets ended lower following heavy losses in Asia overnight.

Corporate news: Google ( GOOG, Fortune 500) announced it acquired London-based artificial intelligence firm DeepMind
Technologies. It's the latest in a series of start-up purchases by the tech giant as it looks to beef up its expertise in artificial
intelligence and robotics.
Google shares were down 2%, adding to a steep slide over the past few days. One trader said investors were selling Google
shares to buy Apple in anticipation of strong results.
"Anyone who thinks biggest $GOOG selloff in recent memory not connected to $AAPL ER is delusional. Everyone going to cash,
just waiting..." said kleo.
Another trader warned that speculating in Apple shares ahead of earnings reports can be dicey. And based on how Apple was
faring following its release, that trader turned out to be right.
"$AAPL Investors have got burned with 'sell the news' with Apple on many announcements and earnings. More often than not,"
said betachaser.
Related: Emerging markets rattled as anxiety rises
Sony ( SNE)shares slid after the firm's debt rating was downgraded to 'junk' by Moody's, with the agency warning that
profitability at the tech company would likely remain weak and volatile.
Shares of Vodafone ( VOD) tumbled after AT&T ( T, Fortune 500) said Monday it would not purchase the British telecom
company. There had been recent speculation that a bid was imminent.
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Brent Crude Oil
$106.69
-1.19 -1.12%
2014.01.27 end-of-day
WTI Crude Oil
$95.72
-0.96%
-0.92
2014.01.27 end-of-day
Commodities
Crud e Oil
95.72
-0.96%
Na tura l G a s
4.85
-6.91%
G a soline
2.62
-1.58%
He a ting Oil
3.09
-1.46%
G old
1263.60
-0.07%
Silve r
19.77
+0.14%
Cop p e r
3.29
-0.30%
2014.01.27 end-of-day
Add to your site
Price
Change
2014.01.27 - $ 95.72
-0.92 -0.96%
1 Year Forecast
$110 / Barrel
1/2
1/27/14
Dow Slides for Fifth Day in Longest Losing Streak Since December | Fox Business
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It is the longest losing streak for the Dow since early December.
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The mood was initially somewhat lighter on Monday after Caterpillar
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(CAT) revealed considerably better-than-expected quarterly results.
Jobs Reports
Shares of the world's biggest maker of heavy machinery, which is also

seen as an economic bellwether, rallied 5%. Results from Apple
(AAPL), the world's No. 1 tech company, are due out after the closing
bell.
However, later, the Commerce Department said sales of new, singlefamily homes dropped 7% in December to an annual rate of 414,000

326,000
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Weekly Jobless Claim s Fall for Second-Straight

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Sensex down 36 points in fourth day of losses - The Hindu
Business Markets
Sensex down 36 points in fourth day of losses

PTI
Losses in ICICI Bank, RIL, ITC dragged the index down. File Photo
PTI
The Sensex on Wednesday erased early gains and closed 36 points lower, logging its fourth straight loss, as earnings
from Bharti Airtel and ICICI Bank failed to enthuse investors, amid caution ahead of the US Federal Reserves possible
decision to further trim stimulus.
Selling that picked up the last hour of trade in select metal, realty and banking shares before Thursdays expiry of
monthly equity derivatives, also dampened trading sentiments.
After a better start, the Sensex rose over 140 points to 20,828.68 helped by firm Asian cues. However sustained offloading of stocks led to the 30-share Sensex closing lower by 36.21 points, or 0.18 per cent, to 20,647.30.
The gauge has now lost over 726 points in four days. ICICI Bank reported rise in consolidated net profits in Q3FY14
on a YoY basis, while asset quality was marginally lower. Bharti Airtel too was down post results. Though the results
were good but fell short of general expectations, said Rakesh Goyal, Senior Vice President, Bonanza Portfolio.
Losses in ICICI Bank, RIL, ITC dragged the index down.
The biggest laggards of the day included Tata Steel, Sesa Sterlite, Hindalco and Bharti Airtel.
Maruti shares with a 7 per cent spurt led the 14 Sensex gainers which included Infosys, Bhel and Hero MotoCorp.
Although market started on a buoyant note, it succumbed to selling pressure in last one hour of the trading session.
The US Fed meeting result will be available tonight. The street is factoring in USD 10 billion tapering, said Milan
Bavishi, Head Research, Inventure Growth and Securities.
The 50-share National Stock Exchange index Nifty declined by 6 points, or 0.10 per cent, to end at 6,120.25, after
touching an intra-day high of 6,170.45.
Sectorally, the BSE Metal index suffered the most by losing 1.35 per cent, followed by Consumer Durable index (0.76
per cent), Banking index (0.69 per cent) and Realty index (0.58 per cent).
Keywords: Sensex, BSE, closing trade, ICICI Bank, NSE,
www.thehindu.com/business/markets/sensex-down-36-points-in-fourth-day-of-losses/article5630763.ece?css=print
1/2
1/29/14
Sensex down 36 points in fourth day of losses - The Hindu
Printable version | Jan 30, 2014 3:40:11 AM | http://www.thehindu.com/business/markets/sensex-down-36-pointsin-fourth-day-of-losses/article5630763.ece

The Hindu
www.thehindu.com/business/markets/sensex-down-36-points-in-fourth-day-of-losses/article5630763.ece?css=print
2/2
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Stocks sink 1% after Fed statement - Jan. 29, 2014
Stocks sink on Fed, emerging market fears

67
67
TOTAL SHARES
NEW YORK (CNNMoney)
Stocks sank more than 1% on Wednesday after the Federal Reserve announced plans to further reduce its monthly bond
buying program.
While the Fed's decision was not a surprise, some investors had expected the central bank to address the recent turmoil in
Turkey and other emerging markets that has spilled over to Wall Street.
Drew Nordlicht, managing director at wealth management firm HighTower in San Diego, said that investors were
disappointed by the Fed's decision to "not even acknowledge the strains" in emerging markets.
The Dow Jones industrial average lost nearly 190 points. Boeing ( BA, Fortune 500) was the biggest drag on the Dow
as investors were disappointed by its earnings outlook. AT&T ( T, Fortune 500) also gave earnings guidance that fell
short of expectations. The S&P 500 and the Nasdaq both fell more than 1%.
Stocks started the day on a sour note due to concerns about Turkey. The Turkish lira fell further Wednesday despite an
emergency interest rate cut Tuesday. Investors have been rattled in recent weeks by what some are now calling the
Fragile Five of developing markets: Turkey, India, Brazil, Indonesia and South Africa.
In addition to Turkey, India and South Africa have raised rates this week to stabilize shaky currencies. The Argentinian
peso has been in free fall since Argentina's government moved to devalue the currency last week. China has also been a
source of concern since a report on manufacturing activity came in weaker than expected last week.
money.cnn.com/2014/01/29/investing/stocks-markets/index.html
1/3
1/29/14
Boeing stock gets grounded

Many emerging markets have benefited over the past few years as the Fed and other central banks have pumped money
into the global economy. But investors have been pulling out of emerging markets this year now that the Fed has begun to
scale back its bond buying. The bet is that higher rates (and a stronger dollar) in the U.S. will make emerging market
investments far less attractive.
And even though nobody was surprised by the Fed's decision to reduce its bond-buying program to $65 billion a month
from $75 billion, the move clearly rattled investors.
"There was a real visceral reaction that may have been about emerging market fears," said Kristina Hooper, U.S. investment
strategist at Allianz Global Investors. "Clearly the market has fragile nerves right now. Even an expected event can cause
jitters."
Related: Fear & Greed Index shows extreme fear
What's moving? Yahoo ( YHOO, Fortune 500) shares sank more than 8% following weak quarterly earnings and
sales results. That made Yahoo the worst performing stock in CNNMoney's Tech 30 index.
After the market closed, Facebook ( FB, Fortune 500) reported earnings and sales growth that blew past analysts'
expectations. The stock surged on the news.
Apple ( AAPL, Fortune 500) shares were down again. The stock has been under pressure since the company
reported iPhone sales Tuesday that fell short of expectations. Apple briefly dipped below $500 for the first time since
October.
Some traders say Apple shares will continue to slide until CEO Tim Cook demonstrates that the company can still innovate.
"$AAPL Cook obviously doesn't care about share prices. Stock will go down further until we see new products," said
StockTwits user nicuagain.
"$AAPL no one is going to be doing any buying until new product rumors come out. better places to put cash for a while,"
said Buyside.
But others were holding out hope for a rebound.
"$AAPL this will turn around in a few weeks. I keep telling myself. gut feeling," said iamjonnymac.
"$AAPL will bounce back... a high bounce at that," said FraserFP.
Still, there were some stocks rallying on good news.
Dow Chemical (
DOW, Fortune 500)reported better-than-expected earnings and sales, raised its dividend 15% and
2/3
1/29/14
boosted its share buyback program to $4.5 billion.

Shares of Electronic Arts (
that topped forecasts.
EA) were higher as investors shrugged off a weak outlook and focused on earnings and sales
Overall, the bulk of quarterly results for the companies in the S&P 500 have been better than expected. Of the 114
companies that have reported earnings, 98 have topped analysts' modest expectations, according to S&P Capital IQ.
However, 100 of those companies have issued disappointing earnings guidance.
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Wall Street Thrashed by Emerging-Market Turmoil | Fox Business

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Central bank news was in the spotlight Wednesday. The Turkish

The Hottest Men
central bank hiked rates far more than analysts expected Tuesday
Drive. Pickup
evening in a bid to protect its currency, the lira. Initially, the lira rallied
Trucks?
4% on the dramatic move. However, South Africa weighed in

Wednesday with a 0.5 percentage point rate hike, also aimed at
Should Buy and Hold
defending its currency, the rand.
Investing Be
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South Africa's rate increase "certainly wasnt enough for the market
as the rand is still down on the day to a 5-year low, said Peter
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Meanwhile, the lira gave up all of its gains for the day and turned
What's this?
red. Other currencies fell as well. Indeed, Russia's ruble slid to a
Jobs Reports
record low against a basket of world currencies, according to data

from Bloomberg News.
"The volatility has been coming for a while but has intensified since
the Fed started tapering in Dec.," said Kenneth Broux, an analyst from
Societe Generale. "The emergence of regional triggers based on
economic or political instability have worsened the sell-off."

326,000
Focus on Long-term Unem ployed Overdue
Fed Eyes Econom y, Currency Woes
Broux sees the volatility lasting for some time, especially as interest
rates in the U.S. rise as the American economy improves and the
Federal Reserve starts puling back on it stimulus.
The issues might not resolve themselves too quickly, either.
"These types of dislocations usually do not resolve themselves in
hours or even days," said Dan Greenaus, chief equity strategist at
BTIG. "It takes time and we imagine the current situation will be
similar."
The concern is that as interest rates rise in the developed world,
capital might move away from emerging markets, pressuring
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currencies and economies. Rate hikes could help boost traders'

appetite for riskier emerging debt and equities.
The markets extended losses after the U.S. Federal Reserve
continued cutting its bond purchases. The central bank's policy-setting
committee said it will cut its bond buys by $10 billion per month to $65
billion per month, as Wall Street anticipated. The central bank also
reaffirmed its guidance that it will keep short-term rates at historic
lows until after the unemployment rate falls below 6.5%.
In a sign of the breadth of the recent losses, the Dow officially entered
pullback territory, indicating the blue-chip average has fallen 5% from
a recent high.
In corporate news, Boeing (BA) posted fourth-quarter results that
topped analysts' expectations. However, the aerospace giant
revealed a considerably weaker-than-expected full-year outlook.
Yahoo! (YHOO) also slid after the media company posted a tepid
forward outlook.
There are no other major economic reports due out on the day.
$97.32 a barrel. Wholesale New York Harbor gasoline jumped 0.94%
to $2.653 a gallon. Gold rose $10.30, or 0.83%, to $1,261 a troy
ounce.
2/4
1/29/14

(Merrill Lynch: Wealth Management)
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Sensex ends at 2-month low, tumbles 149 pts on Fed decision : Business, News - India Today
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Sensex ends at 2-month low, tumbles

149 pts on Fed decision
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Sensex down 196
points |
PTI Mumbai, January 30, 2014 | UPDATED 23:59 IST
The S&P BSE benchmark sensex fell by yet another 149 points and continued its
downward march for the fifth consecutive day to close at more than two-month
low at 20,498.25 due to sustained selling pressure triggered by fall in the global
markets after US Federal Reserve decided to cuts economic stimulus.
Contraction in China's manufacturing industry was also the another factor behind
fall in the share values.
Profit-booking from operators in view of last day of the futures and options
January contract also affected the market sentiment.
After a monetary policy review, the Federal Open Market Committee on Thursday
announced that it will reduce monthly bond purchases by another USD 10 billion
to USD 65 billion.
Sensex tumbles 400

points on emerging
market fears
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indiatoday.intoday.in/story/bse-sensex-for-january-30-2014/1/340807.html
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The sensex resumed lower at 20,491.74 and hovered in a range of 20,528.41 and
20,343.78 before ending at more than two-month low at 20,498.25 showing a loss
of 149.05 points or 0.72 pct from its last close. It had last ended at 20,420.26 on
November 27, 2013.
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The Sensex has lost 875.41 points or 4.10 points in five trading days.
Phillip Seymour
Hoffman's life in
pics
The NSE 50-share Nifty also dropped by 46.55 points or 0.76 pct to close at
6,073.70.
In Asia, indices in Hong Kong, China, Singapore and Japan fell by 0.48 pct to 2.45
pct following overnight fall in the US markets on the Fed issue and
disappointment to investors on earnings forecasts of some top companies.
European markets were also trading lower in their early trade as indices in France,
Germany and UK eased by 0.43 pct to 0.63 pct.
Mr. Jignesh Chaudhary, Head Of Research, Veracity Broking Services,"It was a
pretty negative day in Indian equity markets, with markets shedding 150 points
burdened by Fed's decision to trim the bond buying program by further 10 billion
USD during its meeting yesterday. This resulted in weak trading in all the markets
of the Emerging Economies and Indian markets too followed suit. Rupee too
traded weak throughout the day, which added more pressure on the markets."
MORE
HOT RIGHT NOW

Here is your
horoscope for the
day: February 4,
2014
Cinema Superfast
February 4
Turning to the domestic market, 19 stocks out of the 30- share sensex pack ended
with losses while remainin 11 finished with gains.
Major losers were SBI 3.56 pct, Hero Motocorp 3.43 pct, SSLT 3.38 pct, Hindalco
3.35 pct, Tata Steel 3.20 pct, Icici Bank 2.71 pct, Axis Bank 2.61 pct, Maruti Suzuki
2.17 pct, HDFC bank 2.04 pct, Coal India 1.93 pct, ONGC 1.68 pct, Tata Power 1.37
pct, Dr Reddy's Lab 1.35 pct, RIL 1.32 pct and Larsen 1.30 pct.
However, Tata Motors rose by 2.66 pct followed by Bharti Airtel 2.24 pct, BHEL
1.29 pct and Gail 1.01 pct.
Among the S&P BSE sectoral indices, Bankex fell by 2.67 pct followed by Realty
2.60 pct, Metal 2.52 pct, Oil&Gas 1.08 pct and FMCG 0.93 pct while CD rose by
1.73 pct.
Priyanka shows
desi thumkas on
Dance India Dance
set
Sidharth Malhotra
wants to impress
Deepika, romance
Kareena
One Direction to
launch their own
cafe
The market breadth remained negative as 1,715 stocks ended in red, 865 finished
in green while 129 ruled steady.
The total turnover rose to R1,974.35 crs from R1,778.65 crore on Wednesday.
Make way for the

Queen
For more news from India Today, follow us on Twitter @indiatoday and on Facebook at
facebook.com/IndiaToday
For news and videos in Hindi, go to AajTak.in. k f ].^ ]f.
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Wall Street Tumbles in Worst January Since '10 | Fox Business

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www.foxbusiness.com/markets/2014/01/31/wall-street-tumbles-in-worst-january-since-10/
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Emerging-Market Worries Flare Up
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Jobs Reports
Global worries boiled back to the surface again on Friday.

Fed 'Following' EM Turmoil
Emerging-market currencies took yet blow on the day, with the Turkish
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In a sign of the worries about emerging markets, investors yanked
Focus on Long-term Unem ployed Overdue
$6.4 billion from emerging-market stock funds in the week ended this
Wednesday, Bank of America Merrill Lynch reported. The outflow was MOST POPULAR STOCKS
the biggest since August 2011.
On top of that, eurozone inflation cooled to a year-over-year pace of
0.7% in January from 0.8% in December -- lower than economists
expected. The European Central Bank has dropped interest rates to
record lows in a bid to push prices higher and avoid a potentially
deflationary situation.
Still, Michael Block, chief strategist at Rhino Trading Partners, said
the cooling inflation isn't all bad.
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"EU deflation is a bad is good scenario because it has expectations

rising that the ECB will do some form of accommodation in March,"
he said.
Echoing that remark, analysts at Societe Generale told clients "while
euro inflation will be low by historical standards ... inflation is
comfortably far away from deflation."
Block added that Friday's action is also being driven by "risk
management" as traders adjust positions after what has been a tough
month for Wall Street.
"This is not fundamental," he said, "it is pain related."
Mixed Corporate News, Data
On the corporate front, Google (GOOG) revealed mixed quarterly
results, while Amazon.com (AMZN) missed on both lines. Wal-Mart
(WMT) cut its fourth-quarter view to a range just below what it
previously said, sending shares of the world's biggest retailer sliding.
Elsewhere, the Commerce Department reports consumer spending
rose 0.4% in December, slightly above expectations of 0.2%, while
personal income remained unchanged from November. Economists
expected personal income to rise 0.2%.
2/4
1/31/14
The Institute for Supply Management-Chicagos PMI index showed

manufacturing in the region slowed to 59.6 in January, slightly higher
than Wall Streets estimate of 59, but down slightly from Decembers
60.8. The new orders sub-component surged to 64.6 from 43.9 the
month prior. Readings above 50 point to expansion, while those
below indicate contraction.
A reading on consumer sentiment from Thomson Reuters and the
University of Michigan rose slightly in late January to 81.2 from a
preliminary reading of 80.4 earlier in the month. Wall Street
anticipated a reading of 81.
In commodities, U.S. crude oil futures fell $1.06, or 1.1%, to $97.17 a
barrel. Wholesale New York Harbor gasoline fell 0.66% to $2.645 a
gallon. Gold rose $6.80, or 0.55%, to $1,249 a troy ounce.
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What Rally? In stark contrast to the big
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Stocks down again on last day of a rocky January - Jan. 31, 2014
Stocks fall, end worst January in years

224
224
TOTAL SHARES
NEW YORK (CNNMoney)
Good riddance to a cold January, and we're not just talking about the weather.
Stocks dropped sharply during the first month of the year, with the Dow tumbling more than 5%. That was the Dow's worst
January since 2009, when stocks were still in freefall in the aftermath of the financial crisis.
The S&P 500 slipped more than 3% this month, while the Nasdaq has shed nearly 2%.
Stocks have been hit particularly hard during the past two weeks due to emerging market worries and weak earnings.
Those factors also pressured the market on Friday. The Dow fell more than 150 points, or almost 1%, while the S&P 500 lost
0.7%, and Nasdaq declined 0.5%.
As stocks continued to lose ground, CNNMoney's Fear & Greed index, which measures seven indicators of market sentiment,
fell further into "Extreme Fear" mode.
Related: Market volatility ahead. But don't panic!
The market pullback hasn't been a total surprise though, given how well stocks did in 2013. Many experts believe stocks could
continue to drop before resuming their upward trend.
"Frankly, we've been telling clients to expect a 5% to 10% decline," said Matt King, chief investment officer at Bell Investment
Advisors. "We didn't think it would happen so early in the year, but it's been such a good run for markets that a meaningful
correction is normal and healthy."
While stocks took a small step back last spring, they haven't experienced a correction, typically defined as a decline of 10% or
more, in more than two years.
1/3
1/31/14
But King still thinks stocks will end the year with modest gains.
"We think the declines could spill over into February, but we're telling clients to buy into this weakness as well," said King. "We
don't think this is anything more than a normal correction."
Related: No Terrible Twos for Facebook stock
On the earnings front Friday, Mattel ( MAT, Fortune 500), Amazon ( AMZN, Fortune 500), Chevron ( CVX, Fortune 500)
and MasterCard ( MA, Fortune 500) were all big losers on Friday after reporting results that underwhelmed investors.
Mattel shares tumbled after the toy giant reported a surprise drop in its fourth-quarter revenue, as sales of its core brands
Barbie and Fisher-Price fell sharply.
Rocky day for Ken and Barbie

Amazon missed Wall Street's earnings forecasts, sending shares sharply lower. It was the worst performer in CNNMoney's
Tech 30 index. Amazon also disclosed that it is considering doubling the membership price of Prime to $40 to cover rising fuel
and shipping costs, a topic that generated plenty of chatter among traders on StockTwits.
"Explain again how raising Prime fees will increase growth?" asked SkepticalBull. "Oh yeah, that's right. It doesn't. It's a bandaid on a gunshot wound. $AMZN. Bearish."
But others came out in defense of the company.
"If Amazon is really losing money on Amazon Prime, of course it makes sense to raise the prices $AMZN," said ivanhoff.
Wal-Mart (
WMT, Fortune 500)shares were flat after the discount retailer cut its guidance for the fourth quarter.
On the bright side, Google (

their earnings reports.
GOOG, Fortune 500) and Chipotle (
CMG) were all higher and hit new all-time highs following
"$CMG $GOOG Have a Burrito while Googling for the next big thing!" joked StockTwits trader strick.
Facebook ( FB, Fortune 500) shares also rose to new all-time highs. Shares of Facebook doubled in 2013 and have continued to
rise this year, as the company continues to succeed with its mobile advertising strategy. Traders are hopeful that the stock will
continue to gain ground.
"$FB Hope this become a more stable stock now with slow but continuous upwards movement...Bullish," said Heiko.
StockTwits trader vanhalenboss was also optimistic: "$FB Great company, great management team, great vision and executing
in every category....BUY."
Zynga (
ZNGA) was also higher, but the company also announced a new round of job cuts.
2/3
1/31/14
Microsoft ( MSFT, Fortune 500) shares ticked up slightly following a Bloomberg report that the company is preparing to name
executive vice president Satya Nadella as its next CEO.
Related: Worst is yet to come for 'Fragile Five'
Emerging markets were in also in the limelight once again, with the Turkish lira and other currencies weakening further.
The volatility has been sparked by the fact that economic growth is slowing across developing economies and fears that China's
shadow banking system could spark a credit crunch.
The Federal Reserve's decision to reduce the size of its monthly bond purchase program has also been weighing on emerging
markets. The so-called tapering by the Fed is expected to leader to a stronger dollar, which should make emerging markets less
attractive for investors.
In a statement Friday, the International Monetary Fund said "the turbulence also underscores the need for vigilance among
central banks over liquidity conditions in international capital markets."
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Brent Crude Oil
$106.40
-1.55 -1.46%
2014.01.31 end-of-day
WTI Crude Oil
$97.49
-0.74
-0.76%
2014.01.31 end-of-day
Commodities
Crud e Oil
97.49
-0.76%
Na tura l G a s
4.94
-1.38%
G a soline
2.63
-1.35%
He a ting Oil
3.28
+1.90%
G old
1240.10
-0.17%
Silve r
19.10
-0.03%
Cop p e r
3.22
-0.54%
2014.01.31 end-of-day
Add to your site
Price
Change
2014.01.31 - $ 97.49
-0.74 -0.76%
1 Year Forecast
$112 / Barrel
1/2
2/4/14
Brent Crude Oil
$106.04
-0.36 -0.34%
2014.02.03 end-of-day
WTI Crude Oil
$96.43
-1.06
-1.10%
2014.02.03 end-of-day
Commodities
Crud e Oil
96.43
-1.10%
Na tura l G a s
4.91
-0.77%
G a soline
2.61
-0.94%
He a ting Oil
3.01
+0.35%
G old
1260.40
+1.61%
Silve r
19.39
+1.46%
Cop p e r
3.20
-0.66%
2014.02.03 end-of-day
Add to your site
Price
Change
2014.02.03 - $ 96.43
-1.06 -1.10%
1 Year Forecast
$110 / Barrel
1/2
2/3/14
Intense Selling: Wall Street Walloped Amid Mounting Uncertainty | Fox Business
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January was a tough month. The S&P 500 slid 3.6% in the broad
Blessing in Disguise
market average's worst month since May 2012 and its worst January
since 2010.
The tumble was driven by worries about intense volatility in emerging-
S&P Drops Into

Pullback Mode
market currencies, coupled with brewing trouble in China. So far,

February is off to a similarly grim start.
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"It doesn't appear likely we'll be rebounding any time soon," said Todd
What's this?
Schoenberger, managing partner at LandColt Capital. He said
Jobs Reports
without the "safety net" cast by the Federal Reserve's bond-purchase

program, which is being slowly phased out, the market could be in for
more turbulence.
"Traders are as pessimistic as I've seen them in years," he said.
News Next Week: Jobs Watch

Still, many analysts remained bullish, and said the recent drop could
Tech Sector on Innovation Hiring Spree
represent a buying opportunity.
Week Ahead: Jobs Report and a New Fed Chief
"The acute nature of currency and political turmoil in particular

developing countries is certainly a concern, as are the implications of
the Feds decision to proceed with a second round of tapering,"
David Joy, chief market strategist at Ameriprise Financial said in an
email.
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"Nevertheless, the U.S. is widely expected to enjoy an accelerating

economy in 2014, with growth approaching 3.0 percent, resulting in
growing earnings and sheltering the U.S. equity market from the brunt
of those negative influences."
Global Manufacturing Data Ignite Worries
The Institute for Supply Management said manufacturing activity in the
U.S. slowed to 51.3 in January, compared to 56.5 the month prior,
widely missing estimates of 56. Readings above 50 point to
"We expect manufacturing activity growth to pick up throughout the
year, although the readings in coming months will be useful in
determining how much, if any, of the January softness was due to
transitory factors," analysts at Barclays wrote in a note to clients.
The all-important monthly jobs report from the Labor Department is
also due out on Friday.
Adding to the gloomy sentiment, an official reading on China's
manufacturing sector showed the factory sector in the world's No. 2
economy is barely growing. The PMI gauge came in at 50.5 in
January from 51 in December.
"We think that some part of the weakness was due to the Chinese
New Year holiday. However, together with the HSBC/ Markit reading,
it is getting clearer that the economic slowdown has begun
again," Wei Yao, an analyst at Societe Generale wrote in an email to
clients.
S&P 500 Skids Into 'Pullback' Mode
2/4
2/3/14
The broad S&P 500 plummeted into pullback mode -- a 5% drop from
its record high. It joins the Dow, which dropped into a pullback last
week. Both market barometers closed at their lowest levels since
October.
Meanwhile, traders bid up safe-haven assets. Indeed, the yield on the
benchmark U.S. 10-year Treasury bond slid 0.084 percentage point
to 2.585% -- the lowest since December 11. Gold rallied $20.30, or
1.6%, to $1,260 a troy ounce.
In a sign of the gloomy sentiment, the CBOE's VIX, seen as Wall
Street's fear gauge, surged 16.5% to its highest level in seven months
in mid-day trading.
On the corporate front, Ford (F) posted a 7% year-over-year dip in
January U.S. sales. General Motors (GM) saw its sales slid 12%,
while Chrysler saw an 8% increase.
$97.58 a barrel. Wholesale New York Harbor gasoline slid 1.3% to
$2.627 a gallon.
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Stocks slide again after bad manufacuring data - Feb. 3, 2014
Dow tumbles 326 points on weak data

By Hibah Yousuf @CNNMoneyInvest February 3, 2014: 4:17 PM ET
175
175
TOTAL SHARES
NEW YORK (CNNMoney)
February is looking an awful lot like January for investors. Emphasis on awful.
The Dow tumbled 326 points Monday, or almost 2.1%, after a much worse-than-expected reading on manufacturing activity in
the United States. The S&P 500 and Nasdaq were also down more than 2%. CNNMoney's Tech 30 index was down sharply as
well.
Investors were disappointed after the Institute for Supply Management's monthly index showed that manufacturing activity
last month expanded at its weakest pace since May.
The bad news comes as investors are still reeling from a rough January. Disappointing earnings and volatility in emerging
markets sent stocks sharply lower during the first month of the year. The Dow tumbled more than 5% last month -- its worst
January since 2009.
Many experts think the market could fall further, following big gains in 2013 and the fact that the stocks haven't taken a big
breather in a while. Though stocks took a small step back last spring, they haven't experienced a correction, typically defined as a
decline of 10% or more, in more than two years.
With Monday's losses, the Dow is down more than 7% from the all-time high it hit on the last day of 2013, while the S&P 500 has
fallen almost 6% from the all-time high it reached last month.
Plus, stocks could continue to be volatile ahead of the monthly jobs report due Friday and the possibility of another debt ceiling
debate, said Kristina Hooper, investment strategist at Allianz Global Investors. But she thinks investors should not be scared by
the market sell-off. "Rather, they should embrace the opportunities it creates."
But investors were clearly afraid. The VIX ( VIX), a measure of volatility, surged 15%. And CNNMoney's Fear & Greed Index,
which looks at the VIX and six other gauges of market sentiment, shows even more levels of Extreme Fear.
1/3
2/3/14
The possibility of a bigger pullback was also a hot topic among traders on StockTwits.
"$SPY way over extended," said MacDee. "Been overdue for a severe severe correction. Bearish."
But leopardtrader said he's using the weakness as an opportunity to buy stocks: "Market keep creating great opportunities. The
rebound will be fast and furious as usual $SPY."
Still, others were worried by the fact that many traders are dismissing the pullback as a normal and healthy correction. That
could mean that stocks are in for a sharper downward move.
"$SPY no one is predicting anything more than a correction which makes me think we might be in trouble...Bearish," said
Undecided.
Related: Fear & Greed Index falls further into Extreme Fear
In corporate news, Herbalife ( HLF) shares rose more than 7% after the company said fourth quarter earnings would top
forecasts. The company also raised the amount of its planned share repurchase by $500 million.
The stock was briefly lower in the afternoon after hedge fund manager Bill Ackman's firm Pershing Square released a series of
reports detailing why it thinks Herbalife is a pyramid scheme. The activist investor has made these accusations about Herbalife
for more than a year, but the nutritional supplements marketer has refuted those claims.
Shares of Jos. A. Bank Clothiers ( JOSB) declined after The Wall Street Journal reported that the company is in talks to buy
fellow apparel retailer Eddie Bauer. The potential deal would be the latest twist in the battle between Jos. A. Bank and Men's
Wearhouse ( MW). Both retailers have offered to buy each other.
Rad! RadioShack 80's ad boosts stock

Shares of RadioShack ( RSH) were higher as investors seemed to appreciate the company's self-deprecatory Super Bowl ad.
Radio Shack showed that it was getting rid of its 1980s image and products and unveiling a new store. But even with Monday's
move up, the stock is still well below its 52-week high.
Traders on StockTwits also seemed to enjoy the commercial but were skeptical that RadioShack could really turn its business
around amid increased competition from Amazon.com ( AMZN, Fortune 500).
"Great Radio Shack $RSH commercial trolling itself," said Estimize founder LDrogen. "Too bad it won't matter."
StockTwits trader DominoTree had the same sentiment.
"Even if they give Radio Shack a new collar, it's still the same dog with the same fleas," he said. "$RSH Bearish."
But a handful of traders were optimistic.
"$RSH Not everybody is tech savvy," said Caviar. "They could also lead a 3D Printer retail boom like they did with computers
2/3
2/3/14
.They rule in rural communities."

Automakers reported January sales Monday. The news was mostly bad. Ford ( F, Fortune 500). GM ( GM, Fortune 500) and
Toyota ( TM) shares fell after posting sales declines in January that were even larger than what analysts were expecting. There
was one bright spot though. Chrysler reported an increase in sales that topped forecasts.
Restaurant operator Yum! Brands (
YUM, Fortune 500) is set to release quarterly results after the closing bell.
Related: Can stocks shake off January jitters?
European markets finished with losses after investors ignored reports of stronger manufacturing activity in the eurozone in
January.
Many Asian markets were closed for the lunar new year but those trading moved lower, with the Nikkei in Japan declining by
2%. The benchmark Nikkei has tumbled 10.3% so far this year. That means the index is now undergoing a correction, after
posting a whopping 57% gain in 2013 -- its biggest annual rise in over 40 years.
Traders in Asia were cautious after the release of weak official Chinese manufacturing data. Many emerging markets have
suffered over the past few weeks as investors have moved money out of riskier markets in favor of relative safe havens.
First Published: February 3, 2014: 9:48 AM ET
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Sensex at 11-week low - The Hindu
Business Markets
Sensex at 11-week low

PTI
Slides 305 points on global worries
The S&P BSE Sensex slipped about 305 points to end at its lowest level in over 11 weeks on Monday on worries that
sluggish growth in India and China would be further hit by the recent cut in U.S. monetary stimulus.
Selling by foreign funds amid downward revision of GDP (gross domestic product) growth rate by the government last
Friday, also kept the domestic market under pressure.
The BSE 30-share barometer resumed lower and languished in the negative terrain throughout the day, before
settling at 20209.26, a fall of 304.59 points or 1.48 per cent. This was its weakest close since November 13, 2013,
when it ended at 20194.40.
In the Sensex, 25 constituents ended in the red.
The NSE 50-share CNX Nifty tumbled by 87.70 points or 1.44 per cent to end at more than two and a half month low
of 6001.80.
Rupee recovers 12 paise
The rupee on Monday gained for the first time in three days and closed up 12 paise at 62.56 against the dollar on fagend sales of the U.S. currency. At the inter-bank foreign exchange market, the rupee resumed slightly lower at 62.70 a
dollar from last week-ends close of 62.68. It later fell further to a low of 62.79 on weak domestic stocks, worries over
recent cut in U.S. stimulus and lacklustre Chinese data. However, later it bounced back to settle at the days high of
62.56, a rise of 12 paise.
trade
Printable version | Feb 4, 2014 10:29:15 AM | http://www.thehindu.com/business/markets/sensex-at-11weeklow/article5648979.ece
www.thehindu.com/business/markets/sensex-at-11week-low/article5648979.ece?css=print
1/2
2/4/14
Brent Crude Oil
$105.78
-0.26 -0.25%
2014.02.04 end-of-day
Commodities
Crud e Oil
97.19
+0.78%
Na tura l G a s
5.38
+8.74%
G a soline
2.60
He a ting Oil
2.98
-0.82%
G old
1251.70
-0.70%
Silve r
19.40
+0.07%
Cop p e r
3.22
+0.54%
2014.02.04 end-of-day
Add to your site
Price
Change
2014.02.04 - $ 97.19
0.76 0.78%
1 Year Forecast
$111 / Barrel
1/1
2/10/14
Brent Crude Oil
$108.63
-0.94 -0.87%
2014.02.10 end-of-day
Commodities
Crud e Oil
100.06
+0.18%
Na tura l G a s
4.58
-4.28%
G a soline
2.72
-0.88%
He a ting Oil
3.00
-1.74%
G old
1274.80
+0.90%
Silve r
20.10
+0.89%
Cop p e r
3.27
2014.02.10 end-of-day
Add to your site
Price
Change
2014.02.10 - $ 100.06
0.18 0.18%
1 Year Forecast
$115 / Barrel
1/1
3/2/14
Sensex down 255 points, biggest fall in 10 days - The Hindu
Business
Sensex down 255 points, biggest fall in 10 days

PTI
The BSE index closed at 20,193.35; CIL, Cipla stocks tanked.
The benchmark Sensex on Thursday slid 255 points, its biggest fall in ten days, dragged down by earnings-related
disappointments in bluechips like Cipla and Coal India, amid a weak trend in global markets.
The BSE index, which had gained 114 points in last two sessions, plunged 255.14 points, or 1.25 per cent, to end at
20,193.35. This was the biggest drop since the 304.59-point fall on February 3.
Weak quarterly results of certain large caps, poor global cues and uncertainty over a clear direction to the markets
may have led to sharp weakness, said Milan Bavishi, Head Research, Inventure Growth & Securities.
Cipla shares saw a nearly 8 per cent drop after third quarter earnings lagged estimates. PSU major Coal India Ltd
(CIL) fell 3.4 per cent on disappointing earnings. SBI ended 2.16 per cent down ahead of Q3 FY14 results on Friday.
Overall, 26 of 30 Sensex constituents ended down.
The 50-share NSE index Nifty dropped 82.90 points, or 1.36 per cent, to end at 6,001.10. Intra-day, it moved between
5,991.10 and 6,094.40. Thursdays drop was the sharpest since the 87.70-point dip on February 3.
Global stocks fell, led by a drop in Tokyo, ahead of US data releases.
Worries over the domestic economy also led to selling after data on Wednesday showed industrial output contracted
0.6 per cent in December. Retail inflation easing to a 2-year low of 8.79 per cent in January, did not appear to
enthuse investors.
Disappointing IIP also weakened market sentiment, said Nidhi Saraswat, Senior Research Analyst, Bonanza
Portfolio.
Eleven of the twelve BSE sectoral indices closed down.
Rate-sensitive banking and capital goods settled with over two per cent losses. The realty sector, however, ended up.
The MSCI Global Standard Indices will see the deletion of Lupin, Power Grid Corporation of India and Zee
Entertainment Enterprises from global standard indices with effect from February 28. All the three scrips ended in
the red.
In step with stock markets, the Indian rupee was trading 24 paise lower at 62.35 versus dollar in late trades.
Keywords: India stock markets, Sensex, BSE, Nifty, NSE, closing trade
www.thehindu.com/business/sensex-down-255-points-biggest-fall-in-10-days/article5685152.ece?css=print
1/2
3/2/14
FOX Business - Facts - Daily Market Recap 2.19.14
Daily Market Recap 2.19.14

Feb 20, 2014 3:44 PM EST
Wednesday, February 19, 2014
Stocks & Indices
The benchmark indices finished lower for the session, due in part to a poor report on housing in January:
DJIA (-0.6%), S&P 500 (-0.7%), Nasdaq Composite (-0.8%), Russell 2000 (-1.1%), and Wilshire 5000
(-0.7%).
The Dow fell for the second straight trading day, and the S&P 500 broke a three-day stretch of gains.
The Nasdaq, Russell 2000, and Wilshire 5000 each broke an eight-day winning streak.
The days main economic releases contained mixed news: housing starts and permits fell in January,
while a rise in wholesale prices in January was mild.
The Economy
Housing Starts & Permits: The Department of Commerce reported that overall housing starts
construction of new single-family homes and apartment buildings fell from December to January.
Starts on new homes fell by 16.0% in January, to a lower-than-expected seasonally adjusted annual rate
of 880,000 units.
This is the lowest level for overall starts since September 2013; the monthly drop was the largest since
February 2011.
Over the past 12 months, starts fell by 2.0%.
Permits for future construction fell by 5.4% in January, in the largest monthly drop since June 2013, to a
seasonally adjusted annual rate of 937,000 units.
Permits rose by 2.4% from January 2013.
Producer Prices & Inflation: The Department of Labor reported that overall U.S. producer prices also
referred to as wholesale prices rose from December to January.
As measured by the Producer Price Index (PPI), overall wholesale prices rose by 0.2% from December
to January for the biggest monthly increase since October 2013.
The year-over-year increase in the overall PPI which indicates the inflation rate in overall wholesale
www.fbnfacts.m.foxbusiness.com/quickPage.html?page=15158&content=102136069&pageNum=-1
1/2
3/2/14
FOX Business - Facts - Daily Market Recap 2.19.14
prices was 1.2% in January, up from Decembers 1.1% rate and the highest in three months.
Core prices which exclude volatile food and energy prices rose by a seasonally adjusted 0.4% for the
month.
Back to Business Week in Review 2.28.14

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Stocks stay in red after Fed minutes - Feb. 19, 2014
Stocks stay in red after Fed minutes

By Hibah Yousuf @CNNMoneyInvest February 19, 2014: 4:27 PM ET
36
36
TOTAL SHARES
NEW YORK (CNNMoney)
Stocks ended lower Wednesday, as investors digested minutes from the Federal Reserve's last meeting and grappled with
disappointing economic data.
The Dow and S&P 500 shed more than 0.5%, and the Nasdaq lost 0.9%. Tech stocks have been hot lately though. The Nasdaq has
gained for the past eight days.
The Fed released minutes from its January meeting in which it decided to further reduce, or taper, its monthly bond purchases.
Though last month's decision to continue to cut back on its stimulus measures was unanimous among the Fed's 10 voting
members, investors looked for hints of how the Fed might act in the future.
To that end, the Federal Reserve indicated that it may scrap its 6.5% unemployment rate target for raising the key federal funds
rate since the jobless rate is quickly approaching that threshold despite weak gains in hiring.
Additionally, the minutes indicated that there were some Fed officials who debated the possibility of raising interest rates
sooner than anticipated as the economy improves. The Fed has otherwise maintained that it intends to hold down interest rates
for the foreseeable future until the economy is stronger.
On the economic front, housing starts fell sharply in January, as bad winter weather took a hit on construction.
Related: Fear & Greed Index still dwelling in fear
Some analysts say markets should brace themselves for greater volatility this year after a bumpy start to 2014.
"Sentiment may still be fragile after the big gains in equities over the past year and a half," noted Gary Thayer, chief macro
strategist at Wells Fargo Advisors. "Further price volatility is likely in the weeks and months ahead."
1/3
3/2/14
What's moving: The broader market was down. But some prominent stocks moved higher. Shares of Zale ( ZLC) surged about
40% after Signet Jewelers ( SIG) unveiled a deal to acquire the Dallas-based jewelry retailer for $21 a share. Signet shares
soared 18%. The deal was a popular topic among traders on StockTwits.
"$ZLC Wow. $ZLC longs now have enough $ to buy a piece of jewelry for every friend & family member," said LukeKramer.
"Heck even the mailman gets a diamond."
Trader ibex thought the deal was a good sign for the broader stock market.
"When a jewelry company $ZLC sells for 41% premium, tells me the bull is still here for a while longer!" he said.
Tesla ( TSLA) shares rose sharply following the closing bell after the electric car marker's earnings topped expectations. Tesla
said it sold a record 6,892 of its Model S sedans in the fourth quarter, and that it expects to deliver more than 35,000 of them
this year. Investors are hoping for more news from CEO Elon Musk about plans to expand in China and introduce new models.
GPS device maker Garmin (
10%.
GRMN) reported an increase in quarterly earnings on a slight drop in revenue, sending shares up
Spirit Airlines ( SAVE) shares gained ground after the discount airline said that it more than doubled its adjusted net income
for the quarter.
Related: Spirit is one of six stocks we loved this past Valentine's Day
On the downside, Herbalife ( HLF) shares slipped even after the controversial seller of nutrition products, reported a doubledigit percentage jump in quarterly profit, fueled by sales in China. Hedge fund manager Bill Ackman has been claiming that
Herbalife is a pyramid scheme and has been betting against the company for over a year.
Herbalife flexes muscle in China

StockTwits traders noted that the company went after the hedge fund manager during its conference call with analysts.
"$HLF had mentioned "short seller Bill Ackman" 3 times already," said bbolan1. "Calls him reckless, gambler...."
Another trader joked that Ackman rival Carl Icahn, who is a big investor in Herbalife, should become a corporate pitchman.
"$HLF They should recruit Icahn to sell some products," Lincoln777 said.
Meanwhile, shares of Facebook (
than $176 billion.
FB, Fortune 500) rose to an all-time high of $69.08, bringing the company's value to more
"Facebook is now bigger than Bank of America $FB $BAC," said TopstepTrader. Bank of America's (
market cap is around $172 billion.
BAC, Fortune 500)
The stock is the biggest gainer in CNNMoney's Tech 30 index this year. Traders seemed optimistic that Facebook will continue
to climb higher.
2/3
3/2/14
"$FB nothing is guaranteed in life except death and taxes but this looks like a high possibility of closing @ 69!" said ScalpingWS.
"And tomorrow 70! glta longs. Bullish."
And LynnHoggan predicted shares could rise another 40%: "$FB continues going up. $100 this year..."
European markets ended with modest gains. In Ukraine, the currency was under pressure as more than 20 people died during
anti-government protests.
Asian markets ended mostly with gains, except for Japan's Nikkei, which dipped by 0.5%.
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2/21/14
Brent Crude Oil
$110.30
-0.17 -0.15%
2014.02.20 end-of-day
WTI Crude Oil
$102.92
-0.39 -0.38%
2014.02.20 end-of-day
Commodities
Crud e Oil
102.92
-0.38%
Na tura l G a s
6.06
-1.40%
G a soline
2.85
+0.77%
He a ting Oil
3.18
+0.97%
G old
1317.10
-0.27%
Silve r
21.68
-0.77%
Cop p e r
3.32
-0.35%
2014.02.20 end-of-day
Add to your site
Price
Change
2014.02.20 - $ 102.92
-0.39 -0.38%
1 Year Forecast
$118 / Barrel
1/2
3/2/14
Sensex loses 4-day gaining spree, drops 78 points - The Hindu
Business Markets
Sensex loses 4-day gaining spree, drops 78 points

PTI
The S&P BSE benchmark Sensex snapped a four-day gaining spree by dropping 78 points in late morning trade on
Thursday due to profit-booking from investors in banking and metal sectors on the back of lower Asian cues despite
persistent foreign capital inflows.
The 30-share index Sensex opened lower at 20,661.07 points and declined further to 20,589.03 before quoting at
20,645.39 at 1030 hours.
It showed a loss of 77.58 points or 0.37 per cent.
The NSE 50-share barometer Nifty also moved down by 30.50 points or 0.50 per cent to 6,122.25 at 1030 hours.
Major losers were - Tata Steel 2.10 pct, Tata Power 1.61 pct, SBI 1.31 pct, Axis Bank 1.05 pct, BHEL 0.83 pct and
Hindalco 0.81 pct.
Foreign institutional investors bought shares worth Rs. 468.47 crore on Wednesday, as per provisional data from
stock exchanges.
Asian stocks declined in their early trade as a private survey showed a faster-than-estimated drop in Chinas
manufacturing in February.
Key benchmark indices in Taiwan, Japan, Hong Kong and South Korea were off 0.14 to 1.68 per cent while indices in
China and Singapore were up 0.04 to 0.67 per cent.
A Chinese manufacturing index fell to the lowest level in seven months in February adding to challenges for the
government which there is grappling with risks to the financial system from trust defaults and soured loans.
U.S. stocks closed lower on Wednesday after the minutes from the Federal Reserves policy setting meeting revealed
little consensus about when short-term rates would begin to rise. A larger-than-expected drop in home construction
in January also weighed on the sentiment.
Keywords: Sensex, BSE, Nifty, NSE, Indian stock market
Printable version | Mar 3, 2014 4:04:44 AM | http://www.thehindu.com/business/markets/sensex-loses-4daygaining-spree-drops-78-points/article5708832.ece
The Hindu
www.thehindu.com/business/markets/sensex-loses-4day-gaining-spree-drops-78-points/article5708832.ece?css=print
1/1
2/22/14
Brent Crude Oil
$109.85
-0.45 -0.41%
2014.02.21 end-of-day
WTI Crude Oil
$102.20
-0.55 -0.54%
2014.02.21 end-of-day
Commodities
Crud e Oil
102.20
-0.54%
Na tura l G a s
6.14
+1.16%
G a soline
2.83
-0.47%
He a ting Oil
3.10
-2.53%
G old
1323.90
+0.51%
Silve r
21.78
+0.45%
Cop p e r
3.34
+0.36%
2014.02.21 end-of-day
Add to your site
Price
Change
2014.02.21 - $ 102.20
-0.55 -0.54%
1 Year Forecast
$117 / Barrel
1/2
3/2/14
Stocks go nowhere in early trading - Feb. 21, 2014
Stocks end week on a quiet note

By CNNMoney Staff @CNNMoneyInvest February 21, 2014: 4:09 PM ET
Click the chart for more markets data.
40
40
TOTAL SHARES
NEW YORK (CNNMoney)
Stocks slipped Friday as investors analyzed mixed signals about the health of the economy and corporate earnings.
The Dow, S&P 500, and Nasdaq all finished slightly lower. For the week, the Dow and S&P 500 ended in the red, while the
Nasdaq notched out a gain. The Nasdaq is the best performing major index so far in 2014, up more than 2%.
Stocks had a bumpy start to the year, as emerging markets turmoil and questions about the strength of the U.S. economy
weighed on investors. The Dow and S&P 500 are still lower for the year.
But a sense of calm has returned in the past few weeks, and stocks have regained some lost ground. There are also hopes
that new Federal Reserve chair Janet Yellen will be able to effectively wind down the central bank's massive bond buying
program in an orderly fashion.
Related: Fear & Greed Index shifts into neutral
On the corporate front, investors have been closely studying earnings to gauge whether stocks can continue to climb.
Hewlett-Packard ( HPQ, Fortune 500) shares dipped even though the company reported earnings late Thursday that
topped analysts' expectations. Investors have been looking for signs that the technology giant can roll out innovative new
products in the future.
One trader on StockTwits was confused by the drop.
"$HPQ what the heck it turned red? walk way for one second and that happens geez," said StockGuy39.
Dish Network ( DISH, Fortune 500) rallied after the satellite provider's quarterly earnings showed significant increases in
profit and revenue.
1/3
3/2/14
Stocks go nowhere in early trading - Feb. 21, 2014
Groupon (
GRPN) shares plunged over 21% after the daily deal site forecast a loss for the current quarter.
Groupon needs a group hug

One trader felt Groupon needs to get back to its roots. "$GRPN Groupon goods is killing the business," said tpstulane.
"They need to go back to coupons on mobile."
Another StockTwits user thought Groupon has failed to evolve overall.
"Daily deals is done. What ppl aren't seeing is $GRPN is turning into a mobile based local retailing / digital coupon monster,"
said eddiedaroza.
Shares of Priceline.com ( PCLN, Fortune 500) got a boost after reporting better-than-expected earnings. The travel site
was the biggest gainer on CNNMoney's Tech 30 Index.
Barnes and Noble ( BKS, Fortune 500) shares jumped over 5% after private equity firm G Asset Management revealed a
proposal to acquire a majority stake in the struggling bookseller. The company has been slow to evolve to the digital media
landscape, but its stock has enjoyed a rebound this month after being one of the worst performers in the S&P 500 last year.
Under Armour ( UA) shares popped after the company said Friday that it extended its partnership with the U.S. Olympic
speedskating team through 2022. The Under Armour suits created a controversy in Sochi after some speedskaters blamed
the new uniforms for poor performance.
"Great news for the Dutch Speedskating team!! $UA," quipped mytfine, referring to the fact that the Netherlands has
dominated the U.S. in speedskating Olympic events this year.
Business Wire, owned by Warren Buffett's Berkshire Hathaway ( BRKA, Fortune 500), said it would discontinue its
practice of pumping a direct news feed to high frequency traders.
Related: Rich Chinese use fine art for money laundering
European markets closed mostly higher, despite unrest in nearby Ukraine, which canceled plans to raise $2 billion by
selling bonds to Russia. Asian markets ended mixed.
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2/3
3/2/14
Investors hit pause after big gains - Feb. 25, 2014
Investors hit pause after big gains

By Jesse Solomon @JesseSolomonCNN February 25, 2014: 4:22 PM ET
34
34
TOTAL SHARES
NEW YORK (CNNMoney)
Stocks slipped slightly Tuesday as investors balanced solid corporate earnings with less-than-stellar economic data.
The Dow, S&P 500, and Nasdaq all fell modestly.
The losses came a day after U.S. stocks made big gains, as investors were buoyed by the recent flurry of corporate deals and
stock buybacks. Stocks started out the year with losses from tumult in the emerging markets and concerns about where the U.S.
economy was headed.
But since then, stocks have largely rebounded as investors traded on fairly good corporate profit reports and economic data.
Related: Fear & Greed Index gets greedy again
On the economic front Tuesday, a key reading on consumer confidence came in lower than expected.
The S&P/Case-Shiller Home Price Index showed that home prices rose 11.3% last year, but it also indicated a cool-down in the
fourth quarter. The housing market has been a big driver of the economic recovery, but with mortgage rates creeping up more
recently, it's led to a softening of home loan demand.
Still, Home Depot ( HD, Fortune 500) shares gained 4% Tuesday after the retailer said that a recovering housing market drove
an increase in quarterly sales.
1/3
3/2/14
Investors hit pause after big gains - Feb. 25, 2014
Home Depot builds on housing market

Investors are also awaiting testimony from Federal Reserve chair Janet Yellen on Thursday. Yellen told lawmakers earlier this
month that the Fed will continue to taper its bond buying program this year, but she stressed the need to keep interest rates low
for a long time.
Related: Is Pimco's Bill Gross a jerk?
In other corporate news, Macy's ( M, Fortune 500) shares jumped 6% after the retailer reported strong sales for the holiday
season. Investors have been keeping an eye on the health of the consumer for signs of economic resilience.
BlackBerry ( BBRY) stock spiked almost 8% after a report suggested the company's technology could be used in Ford ( F,
Fortune 500) cars to connect vehicles to drivers' smartphones. Blackberry has had a rough go in recent years as it's continued to
lose ground in the competitive smartphone market.
But the stock has gotten a boost this year as investors have grown optimistic of its turnaround potential. It was the biggest
gainer on CNNMoney's Tech 30 Index Tuesday.
"$BBRY I don't have a problem holding since this stock is significantly undervalued," said duke2duke Tuesday on StockTwits.
One trader on StockTwits was surprised by Blackberry's performance.
"I never thought I'd say it, but I should have bought $BBRY today. Wow," said JxCxM.
Related: CNNMoney's Tech30
Tesla ( TSLA)surged 14% after Morgan Stanley raised its price target on the stock. Shares of the electric car maker are up an
eye-popping 640% over the last year.
"$TSLA is building not just a car, but an entire industry. batteries, chargers, maintenance, accessories, specialists, programmers,
etc," said StockTwits trader muzammilsoorma.
Still, another StockTwits user thought Tesla shares may have risen too high.
"$TSLA will not be surprised to see downgrades with the current price," said simpleplan.
JPMorgan ( JPM, Fortune 500) shares fell after the nation's largest bank said it was cutting jobs in its mortgage business. The
plan was unveiled during a presentation Tuesday in which the firm said it will slim down personnel at its branches in response to
technological changes in consumer banking.
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2/3
2/26/14
Brent Crude Oil
$109.51
-1.13 -1.03%
2014.02.25 end-of-day
Commodities
Crud e Oil
101.83
-0.97%
Na tura l G a s
5.10
-6.85%
G a soline
2.80
-1.27%
He a ting Oil
3.10
+0.55%
G old
1343.00
+0.35%
Silve r
21.96
-0.40%
Cop p e r
3.34
2014.02.25 end-of-day
-0.63%
Add to your site
Price
Change
2014.02.25 - $ 101.83
-0.99 -0.97%
1 Year Forecast
$117 / Barrel
1/1
2/28/14
Brent Crude Oil
$108.96
-0.56 -0.51%
2014.02.27 end-of-day
Commodities
Crud e Oil
102.40
-0.19%
Na tura l G a s
4.51
-0.67%
G a soline
2.76
-1.35%
He a ting Oil
3.09
-1.35%
G old
1331.60
+0.27%
Silve r
21.31
+0.28%
Cop p e r
3.24
2014.02.27 end-of-day
-0.25%
Add to your site
Price
Change
2014.02.27 - $ 102.40
-0.19 -0.19%
1 Year Forecast
$117 / Barrel
1/1
3/16/14
Global stocks tumble as worries about Ukraine intensify - Mar. 3, 2014
Global stocks tumble over Ukraine crisis

By Sophia Yan @sophia_yan March 3, 2014: 1:05 PM ET
Investors in Europe are hitting the 'sell button' as concerns about Ukraine and Russia intensify.
135
135
TOTAL SHARES
HONG KONG (CNNMoney)
Global markets fell sharply Monday as a crisis in Ukraine continued to unfold and tensions rose with neighboring Russia.
Concerns are mounting over the region's political and economic stability as Ukraine's new leaders accused Russia of
declaring war.
Ian Bremmer of political risk firm Eurasia Group called the crisis "the most seismic geopolitical events since 9/11."
The conflict is prompting investors to react in a big way.
Russia's Micex index plummeted as much as 13% Monday, with the ruble also taking a major hit. In a surprise move, the
central bank raised key interest rates in an attempt to insulate the country against inflation and market volatility.
Related story: 5 reasons by Ukraine matters to the world economy
"The threat of war, the central government in Kiev losing control over eastern regions, fear of imminent default -- these are
all unnerving messages for markets," said IHS Global Insight's Lilit Gevorgyan. "Many investors do not have much faith
that the country is going to quickly turn around from the double political and economic crisis."
Gevorgyan said stocks of Ukrainian companies and foreign firms with exposure to the country have already taken a hit.
Other international stocks also fell -- the major European stock markets were tumbling, with Germany's Dax down 3%.
France's CAC 40 declining by 2.6% and London's FTSE 100 off by roughly 1.5%.
In Asia, Hong Kong's Hang Seng index closed 1.5% lower and Tokyo's Nikkei dropped 1.3%.
Related: See all the key commodity prices
money.cnn.com/2014/03/03/investing/ukraine-markets/
1/2
3/16/14
Global stocks tumble as worries about Ukraine intensify - Mar. 3, 2014
Energy markets are also on tenterhooks as the political crisis fuels fears of a gas disruption. Natural gas prices were up by
as much as 2% Monday and Brent crude prices were rising by over 2% to just above $111 per barrel.
Global grain prices were also rising over concerns that corn and wheat exports from Ukraine could be halted. The country is
one of the world's top grain producers. The price of wheat was up by roughly 5% Monday.
Meanwhile, gold prices were rising as investors seek to move their money into perceived safe-haven assets.
Inside Ukraine ex-President's lavish estate

Ukraine's political catastrophe comes at a time when investors are already wary of emerging markets worldwide, which
are seeing growth slow as the U.S. Federal Reserve eases its economic stimulus.
The country of 45 million has been in chaos since its president, Viktor Yanukovych, was ousted in February, following
months of anti-government protests. Political unrest was originally sparked after Yanukovych spurned a deal with the EU,
instead favoring closer ties with neighboring Russia.
The Ukrainian State Border Security Service said it is experiencing regular attacks along the border with Russia by men in
unidentified camouflage uniforms. This comes after the Russian parliament unanimously approved the use of military
force in Ukraine, despite threats of serious sanctions from the U.S. and Europe.
Interim prime minister Arseniy Yatsenyuk said Sunday that Ukraine is "on the brink of disaster."
But the country may find some economic relief soon, as the International Monetary Fund is slated to consider financial aid to
Ukraine this week, according to a statement from G7 finance ministers.
--CNNMoney's Alanna Petroff contributed to this article.
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money.cnn.com/2014/03/03/investing/ukraine-markets/
2/2
3/5/14
Brent Crude Oil
$109.30
-1.90 -1.74%
2014.03.04 end-of-day
WTI Crude Oil
$103.33
-1.59 -1.54%
2014.03.04 end-of-day
Commodities
Crud e Oil
103.33
-1.54%
Na tura l G a s
4.67
+3.75%
G a soline
2.99
-1.17%
He a ting Oil
3.04
-1.31%
G old
1337.80
-0.92%
Silve r
21.19
-1.23%
Cop p e r
3.26
+1.26%
2014.03.04 end-of-day
Add to your site
Price
Change
2014.03.04 - $ 103.33
-1.59 -1.54%
1 Year Forecast
$118 / Barrel
1/2
3/5/14
Brent Crude Oil
$107.76
-1.54 -1.43%
2014.03.05 end-of-day
WTI Crude Oil
$101.45
-1.88 -1.85%
2014.03.05 end-of-day
Commodities
Crud e Oil
101.45
-1.85%
Na tura l G a s
4.52
-3.18%
G a soline
2.94
-1.53%
He a ting Oil
2.99
-1.62%
G old
1340.20
+0.18%
Silve r
21.24
+0.24%
Cop p e r
3.25
-0.26%
2014.03.05 end-of-day
Add to your site
Price
Change
2014.03.05 - $ 101.45
-1.88 -1.85%
1 Year Forecast
$116 / Barrel
1/2
3/11/14
Brent Crude Oil
$108.08
-0.92 -0.85%
2014.03.10 end-of-day
WTI Crude Oil
$101.12
-1.46 -1.44%
2014.03.10 end-of-day
Commodities
Crud e Oil
101.12
-1.44%
Na tura l G a s
4.65
+0.71%
G a soline
2.95
-0.83%
He a ting Oil
2.97
-1.51%
G old
1341.40
+0.25%
Silve r
20.88
-0.09%
Cop p e r
3.11
-1.48%
2014.03.10 end-of-day
Add to your site
Price
Change
2014.03.10 - $ 101.12
-1.46 -1.44%
1 Year Forecast
$116 / Barrel
1/2
3/16/14
Sensex ends down 108 points | Business Line
Sensex ends down 108 points

Our Bureau/PTI
Mumbai, March 11:

After yesterday's rally, the market continued their good form to trade in the green on Tuesday morning but thereafter
slipped into red after the first hour of trade. Equities were under sharp selling pressure after the rally of last week.
The Sensex ended with a loss of 108 points or 0.49 per cent at 21,826.42 while the Nifty was down 25.35 points or
0.39 per cent at 6,511.90.
India Volatility Index finished down 2.54 per cent at 17.32.
All the broader BSE indices except Small Cap ended in the red.
Among the BSE sectoral indices, Realty, IT and Power finished in the green. Metals was the worst performing sector
with its sectoral index losing 3.44 per cent.
Tata Power (+4.12%) gained the most in the Sensex 30. ONGC, HUL, Tata Motors and BHEL were the other notable
gainers.
Losers included Tata Steel (-5.52%), Hindalco (-3.69%), SSLT (-3.63%), Maruti (-2.67%) and Sun Pharma (-2.63%).
The Nifty opened a marginal 0.1 points up at 6,537.25 while the Sensex opened 16 points lower to open at 21,919.
Later, both indices shed early gains to trade in the negative.
According to a report by India Infoline Research, the outlook is a flat start. "US indices were lower, weighed down by
weak China data and Boeing's latest production setback. The Dow fell 34.04 points or 0.21 per cent, to 16,418.68,
while S&P 500 lost 0.87 points or 0.05 per cent, to 1,877.17 and the Nasdaq Composite dropped 1.775 points or 0.04
per cent, to 4,334.448," the report added.
European indices FTSE-100, DAX were in the red, while CAC-40 was in the green.
(This article was published on March 11, 2014)
Printable version | Mar 17, 2014 6:46:02 AM | http://www.thehindubusinessline.com/markets/sensex-ends-down-108-points/article5772782.ece The
Hindu Business Line
www.thehindubusinessline.com/markets/sensex-ends-down-108-points/article5772782.ece?css=print
1/1
3/16/14
Stocks slip slightly - Mar. 10, 2014
Markets hit pause as investors watch Asia

By CNNMoney Staff @CNNMoneyInvest March 10, 2014: 4:16 PM ET
58
58
TOTAL SHARES
NEW YORK (CNNMoney)
With little U.S. economic or corporate news on the docket Monday, investors kept an eye on the rest of the world to get a
sense of where the market is headed.
The Dow trimmed a loss of over 100 points earlier in the day, but still ended slightly in the red. The S&P 500 and Nasdaq
finished flat.
The Dow and S&P 500 are near all-time highs as investors celebrated the five year anniversary of the current bull market.
But the Nasdaq is not back to all-time highs yet.
In fact, Monday is the 14-year anniversary of the tech-heavy index hitting its peak of above 5,130.
Still, the Nasdaq is now only about 15.5% below its dot-com boom record, thanks to a nearly 40% jump last year and strong
start to 2014.
1/3
3/16/14
Stocks slip slightly - Mar. 10, 2014
Nasdaq 5000 again? It may happen!

European markets closed mostly in the red. And Asian markets ended significantly lower after China trade data and
revised Japanese GDP numbers came in weaker than expected.
Boeing ( BA, Fortune 500) shares fell after Malaysia Airlines Flight 370, a Boeing 777, disappeared Saturday in
mysterious circumstances en route to Beijing. The company also announced late Friday that "hairline cracks" had been
found on some of its Dreamliner 787 jets still in production.
Related: Winners and losers of the bull market
But one trader on StockTwits thought the stock's dip might be short-lived.
"$BA I wonder if BA jumps right back up after all this bad news," said bluegill1972. "I'm thinking this might be a buy soon."
Tension in Ukraine created volatility in global markets early last week. But investors have been breathing a sigh of relief the
past few days as the crisis seems to be abating.
"As long as there's no feeling that an escalation into a wider conflict is imminent, the markets may remain calm," said Wasif
Latif of USAA Investments in a note to clients Monday morning.
Related: Fear & Greed Index is in extreme greed
In other corporate news, Chiquita Brands ( CQB) rallied more than 10% after the company said it was buying Ireland's
Fyffes for about $526 million to create the world's leading banana company.
Shares of 3-D printer maker DDD Systems ( DDD) plunged 5% after a report over the weekend claimed that investors may
be overpaying for 3-D printing stocks. The stock is down around 30% this year after a huge run in 2013.
But StockTwits user johnnyquest felt that the report was "shortsighted" and that 3-D printing technology will continue to
grow. "$DDD The law of accelerating returns will prevail in 3d printing. We'll be printing our wardrobes soon," he said.
LowRiskTrader echoed that sentiment. "$DDD ...Every sell off is a reason to buy," he said.
Shares of eBay ( EBAY , Fortune 500), a member of CNNMoney's Tech 30 Index, slumped after Carl Icahn stepped up
his campaign against the company's management.
In a letter Monday, the activist investor attacked John Donahue, the company's CEO, for failing to supervise his firm's board
for alleged conflicts of interest related to their financial stakes in companies that Icahn believes are eBay competitors. eBay
responded by defending Donahue's record. Icahn wants eBay to spin off its PayPal unit.
"$EBAY board. When will you guys learn. Mr. Icahn always gets his way," quipped tonytan0 on StockTwits.
2/3
3/12/14
Brent Crude Oil
$108.02
-0.53 -0.49%
2014.03.12 end-of-day
WTI Crude Oil
$97.99
-2.04
-2.08%
2014.03.12 end-of-day
Commodities
Crud e Oil
97.99
-2.08%
Na tura l G a s
4.49
-2.56%
G a soline
2.96
-0.38%
He a ting Oil
2.93
-1.21%
G old
1370.30
+1.74%
Silve r
21.33
+2.55%
Cop p e r
3.03
2014.03.12 end-of-day
Add to your site
Price
Change
2014.03.12 - $ 97.99
-2.04 -2.08%
1 Year Forecast
$112 / Barrel
1/2
3/16/14
Dow falls more than 200 points - Mar. 13, 2014
Dow falls nearly 250 points

By Patrick M. Sheridan @CNNMoneyInvest March 13, 2014: 4:22 PM ET
Click for more market data
87
87
TOTAL SHARES
NEW YORK (CNNMoney)
Investors hit the sell button today as worries about global tensions and more bad news out of China overshadowed good
news on the U.S. economy.
The Dow fell more than 230 points, or 1.4%. The S&P 500 and Nasdaq also were off by more than 1%. All three indexes
were up in earlier trading.
Wall Street is waiting to see what happens in Sunday's Crimean referendum on joining the Russian Federation, and what
that outcome may mean for markets.
In addition, China announced that retail sales and industrial production were both worse than expected and that helped add
to worries that the story out of China won't be a good one for investors anytime soon.
European and Asian stock markets finished Thursday mostly lower due to the worries about a slowdown in China.
"For China, the question is whether the [government] authorities are in control of the slowdown, or if it starts controlling
them," said Simon Smith, chief economist at FxPro.
The China and Ukraine concerns overshadowed a report by the U.S. government that retail sales in February were up
0.3%. This was the first increase in three months as consumers bought more autos and clothing. On the jobs front, initial
unemployment claims fell by 9,000 to 315,000, a three month low.
Related: Fear & Greed Index moves back to neutral
But even with the broader market lower, several high-profile stocks gained ground.
Fuel cell maker Plug Power (
PLUG) was sharply higher after releasing fourth quarter results. Although the company
1/3
3/16/14
Dow falls more than 200 points - Mar. 13, 2014
reported a loss, CEO Andy Marsh said he believes that orders for this year will be nearly four times 2013's total orders.
The stock has surged since disclosing a big order from Walmart last month. But it -- as well as rivals FuelCell Energy
( FCEL) and Ballard Power Systems ( BLDP) -- are highly speculative companies.
"$PLUG Be careful on this -- major bear flags all around. Retail may be propping this up, but institutions can take it down
easily," said StockTwits user PowerKing
But danbetz didn't think the run in Plug Power was done yet. "$PLUG good news is we have great diversity of opinion here,
this makes a market and plug stream proves the bull market is far from over," he wrote.
Amazon ( AMZN, Fortune 500) rose after saying that it would boost the annual cost of its Amazon Prime membership by
$20 a year to $99. Investors seemed relieved that the price hike was not as steep as it said it could be just a month ago.
The stock was the top gainer in CNNMoney's Tech 30 index Thursday.
But one trader thought the price increase was a bad move "$AMZN 20 bucks is a big hit! all hikes suck..subscriber growth
@20 million..some will bail..incomes are down. not a good time," wrote Thorgood.
Herbalife ( HLF)was sharply lower following a sell-off on Wednesday after the Federal Trade Commission said it's
investigating the multi-level marketer. Shares are down nearly 27% so far this year. Hedge fund manager Bill Ackman
has been a loud critic of the company, calling it a "pyramid scheme".
There was a sweet treat for owners of Krispy Kreme Doughnuts ( KKD) this morning. The company reported a strong
outlook for sales and earnings. Shares were up slightly today, and are up more than 30% over the past 12 months. Dunkin'
Brands ( DNKN) was lower Thursday, but the stock is up nearly 40% in the past year.
No holes in doughnut stocks

In-flight digital entertainment provider Gogo ( GOGO) was down despite reporting a smaller than expected loss, and
beating revenue estimates in the fourth quarter. But the stock still had some fans today.
"$GOGO Solid company, great growth potential, still ramping up revs. Those who sold will be sorry this time next month,"
said ajohnke on StockTwits.
Shares of discount retailer Dollar General ( DG, Fortune 500) shares were lower after reporting weaker than expected
sales in the fourth quarter. Dollar General blamed the bad winter weather.
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2/3
3/16/14
Sensex drops by 81 points, Infosys falls - The Hindu
Business Markets
Sensex drops by 81 points, Infosys falls

PTI
The 30-share index had rose to a days high of 21,991.36 points on fall in consumer inflation and positive industrial growth in the previous
quarter. Photo: Vivek Bendre
The Hindu
The BSE benchmark index Sensex pared early gains to close down by 81 points on Thursday due to late selling in IT
stocks led by Infosys on reports of sluggish growth.
The 30-share index had rose to a days high of 21,991.36 points on fall in consumer inflation and positive industrial
growth in the previous quarter.
However, a late selling mainly in IT stocks led by index major Infosys pushed back the barometer to end lower by
81.61 points, or 0.37 per cent, at 21,774.61 points.
A weak trend in Asian markets after Chinas industrial growth and retail sales missed estimates further fuelled the
selling pressure, brokers said.
The countrys second largest software exporter Infosys slumped nearly 9 per cent after the company said it expects a
sluggish growth in the January-March quarter due to muted spending by clients, especially in the retail sector.
The broad-based National Stock Exchange index Nifty rose by 23.80 points, 0.37 per cent to 6,493.10, after touching
the days high of 6,561.45.
The IT sector index suffered the most losing 4.06 per cent as Infosys, TCS and Wipro suffered fresh losses. TCS
dropped 1.16 per cent while Wipro lost 0.52 per cent.
Another index-linked Sun Pharma tanked 5.03 per cent following a ban on import of products made at its Karkhadi
plant in Gujarat by the U.S. authority due to violation of manufacturing norms.
In 30-BSE index components, 13 stocks declined while 17 ended with gains.
Besides IT, stocks of TecK, Realty, Healthcare, Power, Metal and Consumer Durables declined.
Bucking the general weakening trend, stocks of Reliance Industries, State Bank of India, ICICI Bank, Coal India, Dr
Reddys Lab, HDFC Bank and Mahindra and Mahindra rose and saved the market from a major fall.
www.thehindu.com/business/markets/sensex-drops-by-81-points-infosys-falls/article5780811.ece?css=print
1/2
3/14/14
Brent Crude Oil
$107.39
-0.63 -0.59%
2014.03.13 end-of-day
Commodities
Crud e Oil
98.20
+0.21%
Na tura l G a s
4.38
-2.44%
G a soline
2.93
-0.78%
He a ting Oil
2.92
-0.20%
G old
1372.20
+0.14%
Silve r
21.17
-0.75%
Cop p e r
2.99
-1.19%
2014.03.13 end-of-day
Add to your site
Price
Change
2014.03.13 - $ 98.20
0.21 0.21%
1 Year Forecast
$112 / Barrel
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By Anora Mahmudova / Pub lished March 14, 2014 / MarketWatch Pulse

Print
Em ail
NEW YORK
Friday's modest losses for U.S. stocks capped the worst
week since late January for the S&P 500 and Dow Jones Industrial
Average. Worries over the looming vote in Crimea to secede from
Share
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Will U.S. data halt
Wall Streets slide?
Ukraine weighed on markets. Technology and financial sector stocks

led the losses on the benchmark index. The S&P 500 ended the day
5.21 points, or 0.3%, lower at 1,841.13, finishing below a technical
level of 1,850 for the second day in a row. The index recorded a 2%
Is retail beginning to
bounce back?
loss over the week. The Dow Jones Industrial Average dropped 43.22
points, or 0.3%, to 16,065.67, falling for the fifth consecutive day. The
blue-chip index is down 2.4% over the week. The Nasdaq Composite
shed 15.02 points, or 0.4%, to 4,245.40 and the 2.1% decline over
the past week was the worst since April 2013.
Former CIA
operations officer
on the mystery of
MH370
Copyright 2014 MarketWatch, Inc.

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Breach Could Be
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U.S. equities posted a solid weekly drop as Wall Street traders fretted
Share

Will Gold Prove
about China's economy and financial system.
Some Investors
Wrong This Year?
0 Com m ents
Today's Markets
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The Myth of
Improving
Nasdaq Composite dipped 15 points, or 0.35%, to 4245.
Sheets
TGT
59.36
For the week, the Dow stumbled 2.3%, the S&P 500 dropped 2% and
TARGET CORP....
-0.37
the Nasdaq slumped 2.1%.
GIS
GENERAL MILL...
Corporate Balance
Target Warns Data

Breach Could Be
Worse Than
49.77
-1.24
Reported So Far
Wall Street took a beating on Thursday, with the S&P 500 tumbling
1.2% in its worst day since February 3. The move, which landed the
broad-market index in the red for the year, was sparked by mounting
Number of
Millionaires in US
worries about China and its financial system.
Hits New High
Friday was a fairly quiet day, although the markets extended their
losses.
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"The data cupboard is almost bare today," analysts at Societe
What's this?
Generale wrote to clients.
Morning Biz Outlook
Traders had two reports to look through.

The Labor Department reported wholesale inflation fell 0.1% in
February from the month prior, while Wall Street expected a 0.2%
increase. Excluding the food and energy components, prices fell
Morning Business Outlook: 3/14/14
0.2%. There have been concerns that low levels of inflation could turn
Apple Bites Wall Street's Rally
into disinflation and potentially act as a headwind for economic
Boeing Problem s An Issue for Wall Street
growth.
MOST POPULAR STOCKS
Meanwhile, a report from Thomson Reuters and the University of

Michigan showed consumer sentiment unexpectedly slumped in early
March. The gauge fell to 79.9, from 81.6 last month, missing
expectations of a rise to 82.
On the corporate front, General Mills (GIS) warned its third-quarter
profits would fall below Wall Street's expectations. Target (TGT) said
after the closing bell Thursday that it was aware of a situation that
turned into the massive data breach around when it happened, but the
information available at the time didn't warrant a further probe.
PLUG
-16.12%
PLUG POWER
Mar 14
4:00 PM
6.71
AAPL
-1.12%
524.69
APPLE INC.
Mar 14
4:00 PM
-0.66%
FORD MOTOR CO...
Mar 14
BAC
-2.10%
BANK OF AMERI...
Mar 14
GE
-0.91%
GENERAL ELECT...
Mar 14
15.08
4:00 PM
16.80
4:01 PM
25.11
4:03 PM
Elsewhere, U.S. crude oil futures rose 43 cents, or 0.44%, to $98.64 a

barrel. Wholesale New York Harbor gasoline advanced 0.05% to
$2.944 a gallon. Gold rose $1.40, or 0.11%, to $1,374 a troy ounce.

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U.S. stocks capped a turbulent session with heavy losses after Fed
Share
chief Janet Yellen hinted at rate hikes as soon as six months after the
0 Com m ents

Is Land a Good
central bank ends its bond purchases.
Investment?
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The Dow Jones Industrial Average dropped 114 points, or 0.7%, to
RELATED STOCKS
FDX
FEDEX CORP....
The Debt
16222, the S&P 500 skidded 11.5 points, or 0.61%, to 1861 and the
Consumers Always
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138.38
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Federal Reserve chair Janet Yellen's first press conference at the

How Much Money is
central bank's helm was going smoothly ... until she said the central
Enough for a
bank could begin hiking rates from record lows six months after it
Comfortable
completes its bond-buying program.
Retirement?
The move initially sent the Dow tumbling nearly 200 points.
The $977,287
Meanwhile, traders ditched U.S. Treasury bonds, sending yields
Mistake Most
spiking. The yield on the benchmark 10-year U.S. Treasury bond
Workers Make
recently jumped 0.123 percentage point to 2.793%.
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"It is going to be very difficult for [the Fed] to tighten at this juncture
What's this?
and when push comes to shove, they wont do anything," said Michael
Morning Biz Outlook
Block, chief strategist at Rhino Trading Partners.

"With that in mind, hearing that Yellen may have a time in mind and is
thinking 'six months' after tapering ends has folks thinking that maybe,
just maybe, she is going to push this forward."

In its policy statement, the Fed changed its guidance for when it will
Stocks Shrug Off Global Unrest
hike interest rates from record lows following its two-day policy-setting
Markets Continue to Show Resiliency
meeting. The central bank will look at a wide range of economic

measures, instead of setting an explicit jobless rate target of 6.5%.
The Fed also said it will trim its asset purchases by $10 billion a
month to $55 billion a month starting in April. The Fed added a harsh
winter slowed economic activity recently.
The FOMC also trimmed its jobless-rate forecast through 2016, pared
down the high end of its gross domestic product view and kept its
inflation expectations essentially unchanged.
In corporate news, FedEx (FDX) posted fiscal third-quarter results
that widely missed expectations. The shipping giant blamed bad
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-0.03%
531.26
APPLE INC.
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+1.45%
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weather, but the shares still slumped on the news.

Elsewhere, Gold tumbled $29.90, or 2.2%, to $1,329 a troy ounce.
U.S. crude oil futures rose 64 cents, or 0.64%, to $100.34 a barrel.
Wholesale New York Harbor gasoline dipped 0.97% to $2.875 a
gallon.
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Sensex drops 92 points to close at 21,740 | Business Line
Sensex drops 92 points to close at 21,740

Our Bureau
Mumbai, Mar 20:

The benchmark indices the BSE Sensex and the NSE Nifty ended Thursday's session in negative territory. The bourses
opened weak and traded in the red through the day. The BSE Sensex closed at 21,740.09, down 92.77 points or 0.42
per cent lower than yesterday's close. The Nifty closed at 6,483.10, down 40.95 points or 0.63 per cent.
The top gainers on the BSE Sensex were TCS (up 3.28 per cent), HUL (2.01 per cent), Wipro (1.09 per cent), Infy
(0.96 per cent) and Sun Pharma (0.91 per cent). The laggards were BHEL (down 2.74 per cent), GAIL (2.67 per cent),
L&T (2.12 per cent), HDFC (2.12 per cent), Axis Bank (2.11 per cent) and Tata Steel (1.77 per cent).
The BSE sectoral indices were mixed. The banking, capital goods, realty, power and metal indices were down in the
range of 1.20-2.25 per cent. The technology and IT indices trimmed some of their gains to hold above 1 per cent at
close. The consumer durables index shed its morning gains to slip into the red.
Volatility was up with the India Vix trading at 17, up 0.11 per cent.
Asian shares dropped after the Federal Reserve cut its bond-buying programme by a further $10 billion, another step
towards winding down the programme by the year-end. The Asian markets were also weighed down by indications
that the Federal Reserve would increase rates beginning from the middle of next year. Tokyo's Nikkei, Hong Kong's
Hang Seng, Singapore's Straits Times Index and the Australian ASX 200 closed in the red .
In a press statement the FOMC said: "In light of the cumulative progress toward maximum employment and the
improvement in the outlook for labour market conditions since the inception of the current asset purchase
programme, the Committee decided to make a further measured reduction in the pace of its asset purchases.
Beginning in April, the Committee will add to its holdings of agency mortgage-backed securities at a pace of $25
billion per month rather than $30 billion per month, and will add to its holdings of longer-term Treasury securities at
a pace of $30 billion per month rather than $35 billion per month.
Printable version | Mar 30, 2014 9:10:11 PM | http://www.thehindubusinessline.com/markets/sensex-drops-92-points-to-close-at-21740/article5808571.ece
The Hindu Business Line
www.thehindubusinessline.com/markets/sensex-drops-92-points-to-close-at-21740/article5808571.ece?css=print
1/1
3/19/14
Stocks plunge, bond yields spike after Fed - Mar. 19, 2014
Stocks slump on Yellen rate hike remark

By CNNMoney Staff @CNNMoneyInvest March 19, 2014: 4:10 PM ET
66
66
TOTAL SHARES
NEW YORK (CNNMoney)
Investors weren't too thrilled by what they heard from Janet Yellen during her first meeting in charge of the Fed.
The Dow fell more than 100 points, while the S&P 500 and Nasdaq also finished lower.
Stocks were relatively stable as Yellen started her press conference. But the Dow fell as many as 180 points before recovering
after she said the Fed's stimulus program would most likely be finished by the fall and that a rate hike could come as soon as
early 2015.
Prior to the press conference, the Fed said it will continue trimming, or tapering, its monthly bond buying program by another
$10 billion, to $55 billion a month.
Related: CNNMoney's March Stock Mania
Those asset purchases, a policy known as quantitative easing, started at the height of the 2008 financial crisis to support the
U.S. economy. Many experts say it also has been a key driver behind the bull market in stocks for the past five years.
The Fed also said in its statement that was dropping its 6.5% unemployment threshold for hiking interest rates, instead saying
that it will strive for maximum employment and 2% inflation before any rate change.
The central bank added that it would keep interest rates near zero for a "considerable time" after its bond purchases end. But in
response to a question at the press conference, Yellen said that a "considerable time" could be as short as six months.
Additionally, the Fed said the cold weather slowed economic growth in recent months.
Bond yields spiked on the Fed news as well. The rate on the 10-year Treasury note rose to 2.77% Wednesday from 2.68% a day
earlier. Bond yields rise when prices fall and investors often sell bonds at times when economic data is improving.
1/3
3/19/14
Stocks plunge, bond yields spike after Fed - Mar. 19, 2014
Related: Fear & Greed Index still idling in neutral
In corporate news, home builders were among the biggest gainers. KB Home (
reported earnings that beat analysts' expectations.
KBH) shares jumped after the company
Rivals Lennar Corporation ( LEN), D.R. Horton ( DHI), and PulteGroup ( PHM) also rallied. On Tuesday, the government
reported that building permits, a sign of future construction, rose by 7.7% in February.
FedEx ( FDX, Fortune 500) blamed "unusually severe winter storms" for quarterly earnings that came in below estimates. But
the fact that snow would impact FedEx wasn't that big of a surprise, and shares of the shipping company fell only slightly
Wednesday.
FedEx earnings freeze, investors shrug

UPS ( UPS, Fortune 500) reported a similarly poor profit last quarter due to the weather. Both stocks are in negative territory
for the year. But one trader on StockTwits thinks investors are no longer that concerned about companies blaming the weather.
"$FDX Let's see if giddy mkts forgive FDX earnings miss "weather ate my profits" and they rally it could be a common theme this
quarter?," said WiseOwlTrader.
But FedEx is often viewed as a bellwether for the economy, and LDrogen thought its earnings could affect other companies.
"Ouch, expect a lot of lowered estimates off of the bad $FDX numbers today," he said.
Shares of Orbitz (
Sachs.
OWW) tumbled 9% after the travel site operator was downgraded to a "sell" rating by analysts at Goldman
First Solar ( FSLR) shares soared 21% after the company said it plans to develop a solar power plant with General Electric
( GE, Fortune 500) as part of the two companies' partnership that was announced last year. The stock has soared 135% in the
past twelve months. That had one trader wondering if it's time to sell.
"$FSLR good day to take profit." said truongjh.
Horizon Pharma ( HZNP)surged after the biotech company said it was buying Dublin-based Vidara Therapeutics International
for $660 million. Biotechnology stocks have been on a tear this year, although some of the leading stocks have pulled back lately
on concerns about valuations.
"Biotech Lottery is back! Today's early winner---> $HZNP," said chicagosean.
European markets and Asian markets both ended with mixed results Wednesday as traders around the world were all waiting
for the Fed.
2/3
3/19/14
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2014.03.19 end-of-day
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4.48
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20.80
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1/1
3/24/14
Stocks slump at end of strong week - Mar. 21, 2014
Stocks slump at end of strong week

By Ben Rooney @CNNMoneyInvest March 21, 2014: 4:10 PM ET
53
53
TOTAL SHARES
NEW YORK (CNNMoney)
Stocks went on a wild ride Friday, but still finished the week higher.
The S&P 500 hit a record high right out of the gate. The rally faded almost immediately. The index bounced around for most of
the day before ending lower. The Dow Jones industrial average also closed in the red, erasing a gain of more than 100 points
from earlier in the day. The Nasdaq was the hardest hit, falling more than 1%.
The choppy trading came amid the simultaneous expiration of four types of futures and options contracts -- a quarterly
phenomenon known as quadruple witching. "That's the main driver of the day," said Peter Cardillo, chief market economist at
Rockwell Global Capital.
He noted that the only other major market news was that 29 of the 30 big banks passed the Federal Reserve's stress test.
Regional bank Zions ( ZION) was the only one that did not and its shares fell nearly 5%.
Despite Friday's turbulence, the major indexes all enjoyed a strong week. The Dow and S&P 500 are both gained more than 1%.
Related: Fear & Greed Index shows greed again
Markets were rattled Wednesday after Fed chair Janet Yellen suggested that the central bank could begin hiking interest rates
sooner than expected. But worries about central bank policy quickly faded and the market rebounded Thursday.
The latest reading on the CNNMoney Fear & Greed index shows investors are getting greedy once more.
But the mood isn't quite so perky in Russia, where the stock market and ruble are under pressure after the U.S. announced
sanctions against more high-ranking Russian individuals and a bank. Western nations are trying to put pressure on Russia after
it annexed Crimea, a region in southern Ukraine.
1/3
3/24/14
The impact on global markets from the sanctions "will be real but not drastic," according to analysts at political risk consultancy
Eurasia Group.
The analysts said capital flight from Russia "will likely be extremely high" in the first quarter and the sanctions will "send a chill
through the Russian banking sector." But the Americans and Europeans are unlikely to impose on Moscow the kind of crippling
sanctions they used against Iran, according to Eurasia.
Related: Risks in focus as China's economy slows
There was little U.S. economic or corporate news on the docket Friday.
Before the opening bell, Tiffany ( TIF) reported full-year earnings and sales that fell short of forecasts. The stock ended down
slightly but had traded higher throughout the day, a move that surprised one trader on StockTwits.
"$TIF ... Missed on ER, why is this stock rising," wrote IMMED.
Red Lobster, Olive Garden still a mess

Shares of Darden Restaurants (
poor same-store sales.
Nike (
DRI, Fortune 500), the parent company of Red Lobster and Olive Garden, were higher despite
NKE, Fortune 500) shares slid after the company said earnings could be squeezed over the next few quarters.
Some traders said Nike may be facing a tough challenge from rival sports apparel maker Under Armour (
strong growth in the past few years.
UA), which has posted
"$NKE is losing major market share to Under Armour. $UA is the goto brand for the kids. They don't want to wear their parents
brand," said NJDad.
But others believe there's enough demand for both companies to continue growing.
"$UA is up 850% since its IPO. $NKE is up 250% for the same time. Room for growth for both. http://stks.co/s07lI," said
ivanhoff.
Symantec ( SYMC, Fortune 500)shares plunged after the company fired its CEO. The stock was the worst performer in
CNNMoney's Tech 30 index Friday and is now the biggest loser in the index for the year.
Still, a few traders on StockTwits said the market is overreacting.

"$SYMC I understand that there is dark clouds over the company but 13% overdone," said madpopoff.
European markets ended higher. Asian markets mostly closed with gains. China's yuan fell to a one-year low against the dollar
earlier this week as the nation's central bank allows the currency to trade more freely. Investors have also been worried about
2/3
3/24/14
bankruptcies in China after the nation's first corporate bond default last month.
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3/24/14
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REUTERS
Print
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Wall Street drifted lower on Monday. However, the Nasdaq posted

Share
heavy losses as several big tech companies and a handful of biotech
0 Com m ents

Europe Stocks Sag
firms tumbled.
After Downbeat
Chinese, German
Today's Markets
Data
Novo Nordisk
Average fell 25.9 points, or 0.16%, to 16276, the S&P 500 declined
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Upgraded to 'Buy'
9.1 points, or 0.49%, to 1857 and the Nasdaq Composite sold off by
CSCO
21.57
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HLF
52.86
HERBALIFE LT...
+3.32
50.4 points, or 1.2%, to 4226.

Morgan Stanley
The markets capped a turbulent trading week to the upside last week,
Fined $200,000 For
with the broad S&P 500 advancing 1.4%. The pace was expected to
Futures Violation
slow on Monday, with few major U.S. economic events on the

AMZN
AMAZON.COM I...
351.85
calendar.
-8.77
Fed Not Facing
GOOG
GOOGLE INC....
Several big-name technology players came under pressure on the
Large Losses On
day, knocking the Nasdaq down sharply. Among the names were
Treasury Holdings
1,157.93
-25.11
Google (GOOG), Amazon.com (AMZN) and Yahoo!

CMCSA
50.30
(YHOO). Meanwhile, the Nasdaq Biotech index extended its slide and
COMCAST CORP...
+0.30
fell into its steepest two-day slump since 2011.
www.foxbusiness.com/markets/2014/03/24/wall-street-slips-but-nasdaq-stumbles/
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A late-day selloff in the materials and technology sectors helped drag

Share

Bank of America
Wall Street solidly into the red on Wednesday.
Reaches $9.5B
Mortgage
0 Com m ents
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FHFA
Dow Jones Industrial Average declined 98.9 points, or 0.6%, to
U.S. Oil Production
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Nasdaq Composite dropped 60.7 points, or 1.4%, to 4174.
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BAC
17.18
The broad S&P 500 snapped a two-day losing streak on Tuesday,
BANK OF AMER...
-0.03
once again pushing back toward record highs. The move was driven
But Nasdaq
by data suggesting the American economy appears to be rebounding
Stumbles
Wall Street Slips,
50.16
CITIGROUP IN...
-0.14
from its winter doldrums, according to analysts.
WFC
48.50
The Commerce Department said orders for long-lasting goods rose
WELLS FARGO ...
-0.46
2.2% in February from the month prior, a bigger jump than the 1%
American Bible
Society Selling
Prime Manhattan
increase economists forecast. Excluding the transportation segment,
JPM
59.90
JPMORGAN CHA...
-1.03
HQ
orders rose 0.2%, lower than the 0.3% rise expected. The report
figures into broader growth views at investment banks.
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www.foxbusiness.com/markets/2014/03/26/materials-tech-stocks-yank-wall-street-lower/
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Chris Beauchamp, a market analyst at IG, said the "main excitement"
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of the day will be the public debut of King Digital Entertainment. The
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maker of Candy Crush, which priced on the lower end of its range
Tuesday night, will trade on the New York Stock Exchange under the
ticker KING.
Meanwhile, the 30 largest U.S. banks and foreign financial institutions
with major American wings will find out whether the Federal Reserve
will approve their capital plans at 4 p.m. ET. Among the big names
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are JPMorgan Chase (JPM), Bank of America (BAC), Citigroup
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Elsewhere, U.S. crude oil futures climbed 18 cents, or 0.18%, to

$2.895 a gallon. Gold rose $4.40, or 0.34%, to $1,316 a troy ounce.
Gold Bears Are Pounding the Table Again
FB
-6.94%
FACEBOOK INC.
Mar 26
60.38
GE
-0.31%
GENERAL ELECT...
Mar 26
4:00 PM
AAPL
-0.96%
539.78
APPLE INC.
Mar 26
4:00 PM
-0.32%
AT&T INC.
Mar 26
-0.52%
FORD MOTOR CO...
Mar 26
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25.62
34.61
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Brent Crude Oil
$107.76
-0.31 -0.29%
2014.03.31 end-of-day
WTI Crude Oil
$101.58
-0.09 -0.09%
2014.03.31 end-of-day
Co mmo dities
Crud e Oil
101.58
-0.09%
Na tura l G a s
4.37
-2.61%
G a soline
2.91
-0.91%
He a ting Oil
2.93
-0.88%
G old
1283.40
-0.81%
Silve r
19.73
-0.19%
Cop p e r
3.05
-0.41%
2014.04.01 end-of-day
Add to your site
Price
Change
2014.04.01 - $ 101.58
-0.09 -0.09%
1 Year Forecast
$116 / Barrel
1/2
4/1/14
Brent Crude Oil
$105.62
-2.14 -2.03%
2014.04.01 end-of-day
WTI Crude Oil
$99.74
-1.84
-1.84%
2014.04.01 end-of-day
Co mmo dities
Crud e Oil
99.74
-1.84%
Na tura l G a s
4.28
-2.22%
G a soline
2.87
-1.68%
He a ting Oil
2.89
-1.45%
G old
1279.60
-0.30%
Silve r
19.67
-0.33%
Cop p e r
3.06
+0.28%
2014.04.01 end-of-day
Add to your site
Price
Change
2014.04.01 - $ 99.74
-1.84 -1.84%
1 Year Forecast
$114 / Barrel
1/2
4/3/14
Brent Crude Oil
$104.79
-0.83 -0.79%
2014.04.02 end-of-day
WTI Crude Oil
$99.62
-0.12
-0.12%
2014.04.02 end-of-day
Co mmo dities
Crud e Oil
99.62
-0.12%
Na tura l G a s
4.36
+2.02%
G a soline
2.87
He a ting Oil
2.87
-0.74%
G old
1290.50
+0.84%
Silve r
20.03
+1.81%
Cop p e r
3.07
+0.33%
2014.04.02 end-of-day
Add to your site
Price
Change
2014.04.02 - $ 99.62
-0.12 -0.12%
1 Year Forecast
$114 / Barrel
1/2
4/4/14
Sensex drops 149 points on profit-booking - The Hindu
Business Markets
Sensex drops 149 points on profit-booking
PTI
The BSE benchmark index Sensex on Friday fell further by 149 points on sustained selling by funds in auto and IT
stocks, judging the recent rally an overdone.
The 30-share index, which had slipped from record levels by 42 points in the previous sessions, fell further by 149.57
points, or 0.66 per cent, to close at 22,359.50 points.
The broad-based Nifty of the National Stock Exchange fell by 41.75 points, or 0.62 per cent, to 6,694.35.
Brokers said the market was in over-bought position and started rolling back on profit booking at higher levels as
investors turned cautious on approaching elections.
The Sensex surged 1,266 points in the March month as foreign institutional investors bought $ 4.27 billion of equities
and bonds this year.
IT stocks were down before the fourth quarter earning session beginning with Infosys on April 15.
In 30-BSE index components 25 stocks declined while five ended with gains.
Major losers were Infosys, Tata Consultancy Services, Wipro, Reliance Industries, Bajaj Auto, Bharti Airtel, BHEL,
GAIL India, HDFC, ICICI Bank, ITC and Larsen and Toubro.
The auto sector index suffered the most by losing 1 per cent to 13,278.87 followed by IT index by 0.95 per cent to
8,878.67. Teck Index by 0.92 to 4,947.38 and power index by 0.83 per cent to 1,723.90.
Keywords: Bombay Stock Exchange, Sensex, IT stocks, Auto sector
www.thehindu.com/business/markets/sensex-drops-149-points-on-profitbooking/article5871683.ece
1/1
4/4/14
Wall Street Walloped: Tech Plunge Ignites Selloff | Fox Business

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Wall Street Walloped: Tech Plunge Ignites

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By Adam Samson / Closing Comment / Pub lished April 04, 2014 / FOXBusiness
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The Nasdaq Composite plummeted 2.5% Friday as a broad swath of
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technology stocks nose dived. Broader markets sustained heavy
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losses as well, although the S&P 500 closed the week out with gains.

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Nasdaq Composite dipped 110 points, or 2.6%, to 4127.

P
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PANDORA MEDI...
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-26.60
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For the week, the Dow rose 0.55%, the S&P 500 rose 0.4% and the
a Co-Signed Loan?
Nasdaq slumped 0.67%

The technology sector was by far the worst performer on Friday, with a
YELP
65.76
handful of big stocks like Google (GOOG) stumbling. Many other
Have Precious
YELP INC...
-4.85
online stocks like Yelp (YELP) and Pandora (P) also fell sharply. The
Metals Seen Their

2014 Peak?
biotech sector was another big loser, with the Nasdaq Biotechnology
index crumbling close to 4%. The Nasdaq Composite experienced its
worst selloff since early February.
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Data Paint Mixed Picture

www.foxbusiness.com/markets/2014/04/04/wall-street-walloped-tech-plunge-ignites-selloff/
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The economic sentiment on Wall Street is slowly shifting. Over the first
What's this?
two months of the year, the conversation revolved around harsh winter
Morning Biz Outlook
weather driving down jobs growth, construction, manufacturing and a

slew of other sectors. However, economists are hoping the economy
started warming up in March as the weather improved.
The Labor Department said the U.S. economy added 192,000 jobs in
March, below the 200,000 jobs Wall Street anticipated. Job growth in
the previous two months was also revised higher. The unemployment
Stocks Continue Winning Streak, Dow Nears

Record
rate remained unchanged at 6.7% from the month prior, analysts
Stocks Rally, S&P Hits New High
expected it to fall to 6.6%. The labor force participation rate, which

gauges the proportion of the working-age population employed or
MOST POPULAR STOCKS
seeking employment, rose to 63.2%, from 63% in February.
F
"The US economy continues to create jobs at a good but not great
pace that we should be seeing this far into the recovery," Peter
-1.59%
FORD MOTOR CO...
Apr 4
FB
-4.61%
FACEBOOK INC.
Apr 4
mail to clients.
GE
-0.80%
"It is good enough however for the Fed to continue its taper,
AAPL
Boockvar, chief market analyst at The Lindsey Group, wrote in an eGENERAL ELECT...
especially again at month end, but not good enough we believe to get
the 3%+ GDP growth rate that we all hope for."
16.13
4:01 PM
56.75
4:00 PM
26.02
Apr 4
4:00 PM
-1.29%
531.82
APPLE INC.
Apr 4
4:00 PM
BAC
-2.51%
BANK OF AMERI...
Apr 4
16.72
4:03 PM
Echoing that sentiment, Douglas Cot, chief market strategist at ING

wrote in an e-mail that "this report is consistent with a slowly
improving U.S. economy."
Elsewhere, food-delivery service GrubHub debuted on the New York
Stock Exchange, with its shares soaring to $40 from its IPO price of
$26.
$101.14 a barrel. Wholesale New York Harbor gasoline rose 0.67%
to $2.931 a gallon. Gold increased $18.90, or 1.1%, to $1,304 a troy
ounce.
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plummeted 2.5% Friday as a broad
swath of technology stocks nose dived.
Broader markets sustained heavy losses
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Stocks: brutal finale to week - Apr. 4, 2014
Stocks: brutal finale to week

By Patrick M. Sheridan @CNNMoneyInvest April 4, 2014: 4:33 PM ET
109
109
TOTAL SHARES
NEW YORK (CNNMoney)
Investors rushed for the exits Friday afternoon.

The Nasdaq plunged 2.6%, and the Dow and S&P 500 fell around 1%.
After a bullish start to the week, gains evaporated on Friday. The Nasdaq is down more than 0.6% for the week, although the
Dow and S&P 500 squeezed out weekly gains.
Momentum stocks got manhandled today. Netflix ( NFLX), Facebook ( FB, Fortune 500), Priceline ( PCLN, Fortune 500),
Amazon ( AMZN, Fortune 500), LinkedIn ( LNKD), Tesla ( TSLA) were all pummeled as investors began to question future
prospects.
In case anyone needs another barometer of what Friday was like, CNNMoney's Fear & Greed Index started the day in greed
mode, swung firmly into fear territory and now sits in neutral (although leaning toward fear).
In other words, investors were all over the place.
The other sector that couldn't seem to stop the slide was biotechnology. Biogen Idec (
( REGN), Alexion Pharmaceuticals ( ALXN) all took a deep dive.
BIIB, Fortune 500), Regeneron
Sharing in the biotech butchery were Amgen ( AMGN, Fortune 500) and Halozyme Therapeutics. ( HALO) A late-stage test
of Amgen's skin cancer drug disappointed researchers, and Halozyme plunged after it suspended a study of its pancreatic cancer
drug due to patient safety concerns.
The "Friday fall" was the talk of the day on StockTwits, prompting this reaction from TradeTheHits,"$QQQ The recent violent
shake really forces you to be humble. Throw everything you think you know out the window."
InvestingJungle said,"$QQQ This thing has to find support right here, right now, or it's gonna be a nasty flush into the close."
And it was.
1/3
4/4/14
Related: Tech 30 Index down nearly 2%
Hard to believe this is the same day that started off with record highs. Shortly after trading began this morning, the Dow
(16,629) and S&P 500 (1,897) both touched intraday all-time highs in response to the the March jobs report. But it didn't last.
"Wall Street expected a huge bounce, but they didn't see it", said Kristina Hooper, U.S. Investment Strategist at Alliance Global
Investors. She characterized the jobs report as somewhat positive but,"not too positive that the Fed would alter its stance."
The much anticipated unemployment report today said 192,000 jobs were added last month, less than expected, and the
unemployment rate held steady at 6.7%.
Wage growth is still weak, something you don't want to see in an economic recovery. A bright spot from the report is that
January and February payrolls were revised higher, showing more job gains than first reported during the frigid winter months.
Job market stronger, not strong enough

Still, the report probably won't influence the Federal Reserve to change its policy of slowly drawing down economic stimulus.
The yield on the 10-year bond -- a key interest rate gauge -- finished lower at 2.73% following the jobs report.
Related: Fear & Greed Index in fear/neutral mode
One stock investors gobbled up was GrubHub. ( GRUB) The online food ordering company priced its initial public offering at
$26 a share and surged over 30% to end the day at $34.
On StockTwits, MaxDamage said,"$GRUB Another MOMO (momentum stock) load of junk with a $2 billion valuation."
NYCStox said,"$GRUB GrubHub now valued 20% more than the New York Yankees. Cool." But Gharris914 responded,"I've
been using Seamless and GrubHub for 5 years now. They are a money making machine! They also have a monopoly over the NYC
market."
Related: GrubHub IPO up 31%
Another stock also making its Friday debut was IMS Health (
15%.
IMS). Shares of the healthcare information company closed up
Shares of Synnex ( SNX, Fortune 500) were are also sharply higher, up more than 23%. The computer hardware distributor
reported better than expected earnings late Thursday. Brean Capital also raised its price target for the stock to $85 a share from
$72 a share.
Unfortunately for CarMax ( KMX, Fortune 500), it's wasn't TGIF. Its shares skidded nearly 4%. The biggest seller of used cars
in the U.S. reported weaker than expected earnings largely due to what the company referred to as an accounting correction.
European markets finished higher on Friday, likely fueled by the European Central Bank's pledge yesterday to do some sort of
quantitative easing, if necessary. Asian markets ended the week mixed. China's benchmark Shanghai Composite rose 0.7%,
2/3
4/4/14
while stocks in Singapore dropped 0.3%. The Nikkei was little changed at close of trading on Friday.
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3/3
4/7/14
Brent Crude Oil
$105.82
-0.90 -0.85%
2014.04.07 end-of-day
WTI Crude Oil
$100.44
-0.70 -0.70%
2014.04.07 end-of-day
Co mmo dities
Crud e Oil
100.44
-0.70%
Na tura l G a s
4.48
+0.83%
G a soline
2.93
-0.18%
He a ting Oil
2.89
-0.60%
G old
1298.00
-0.40%
Silve r
19.89
-0.18%
Cop p e r
3.06
+0.67%
2014.04.07 end-of-day
Add to your site
Price
Change
2014.04.07 - $ 100.44
-0.70 -0.70%
1 Year Forecast
$115 / Barrel
1/2
4/7/14
Wall Street Sells Off as Shift from Risk Persists | Fox Business
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By Adam Samson / Closing Comment / Pub lished April 07, 2014 / FOXBusiness
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ObamaCare
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enrollees?
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U.S. equity markets took a hit for the third-straight session as traders
Share
ditched risky assets in favor of safe havens like utilities, consumer
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staples and Treasury bonds.

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Slump as Tech
Gloom Persists
Today's Markets
Mid-Market Report:
M&A Conditions on
The Dow Jones Industrial Average fell 167 points, or 1%, to 16246,
the Rise
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Composite slumped 48 points, or 1.2%, to 4080.

AMZN
AMAZON.COM I...
ISRG
INTUITIVE SU...
317.76
-5.24
497.03
-8.49
Russian Soldier
The Nasdaq plummeted 2.6% on Friday in its worst day since early
Kills Ukrainian
February. The tech-heavy index also posted its worst two-week
Officer: Report
decline since 2012. The move has come on the back of an intense
selloff in once high-flying technology and biotechnology names.
GOOG
GOOGLE INC....
538.15
-4.99
PG
80.49
THE PROCTER ...
+0.72
WFC
48.66
WELLS FARGO ...
-0.90
European Stocks
Stocks that took a beating on Friday included Google (GOOG),
Drop Sharply;
Amazon.com (AMZN), and Intuitive Surgical (ISRG).
www.foxbusiness.com/markets/2014/04/07/wall-street-sells-off-as-shift-from-risk-persists/
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That trend continued on Monday as traders sold off shares of
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economically-sensitive companies, like consumer discretionary,
Morning Biz Outlook
industrial, financial and materials firms. Meanwhile, defensive names

in segments such as utilities and consumer staples performed well.
Traders also bid up U.S. Treasury bonds, sending the yield on the 10year bond down 0.034 percentage point to 2.691%.
The Dow, S&P 500 and Nasdaq are all in the red for the year at this
point.
Mid-Market M&A Conditions Index

rises to 60.1 in March
Mid-Market Report: M&A Conditions on the Rise
Stocks Continue Winning Streak, Dow Nears
Record
The sudden shift comes as traders move money from growth stocks
into more defensive dividend-paying shares, such as utilities. Peter
Boockvar, chief market analyst at The Lindsey Group, said concerns
MOST POPULAR STOCKS
that the economy is still sluggish, yet still growing quickly enough for
the Federal Reserve to continue tapering its bond-buying program,
Apr 7
FB
+0.35%
was at least partly to blame. This comes at a time when analysts are
increasingly discussing a potential bond-purchasing program from the
European Central Bank to combat very light inflation in the eurozone.
-1.18%
FORD MOTOR CO...
FACEBOOK INC.
Apr 7
PG
+0.90%
THE PROCTER &...
15.94
4:00 PM
56.95
4:00 PM
80.49
Apr 7
4:02 PM
The U.S. economic calendar was fairly light on the day. A report from
the Federal Reserve showed consumer credit jumped by $16.5 billion
-1.57%
523.47
APPLE INC.
Apr 7
4:00 PM
-0.17%
AAPL
in February -- well above the $14.1 billion estimate. Analysts at

Barclays said the move was sparked entirely by a big increase in non-
AT&T INC.
Apr 7
35.49
4:00 PM
revolving credit like student and auto debt.

A report out of Europe showing German industrial production slowed
to a month-over-month pace of 0.4% in February from 0.7% in
January did little to ease traders' nerves.
In corporate news, earnings season kicks off later this week, with
companies such as J.P. Morgan Chase (JPM), Wells Fargo (WFC)
and Alcoa (AA) set to report. Procter & Gamble (PG) also hiked its
quarterly dividend by 7%.
Elsewhere, U.S. crude oil futures fell 70 cents, or 0.69%, to $100.44 a
barrel. Wholesale New York Harbor gasoline dipped 0.18% to $2.926
a gallon. Gold slipped $5.20, or 0.4%, to $1,298 a troy ounce.

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Biotech Bust: Nasdaq Crumbles in Worst Rout Since '11 | Fox Business
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By Adam Samson / Midday Market Report / Pub lished April 10, 2014 / FOXBusiness
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Traders dashed out of once high-flying growth stocks Thursday, taking
Share
cover in a wide range of safe-haven assets. The Nasdaq took its
0 Com m ents
biggest plunge since 2011 as biotech shares cratered.

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Leaders
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Composite plummeted 130 points, or 3.1%, to 4054.

BBBY
63.72
BED BATH & B...
-4.19
Why Delawares
The S&P 500, Nasdaq and Dow all posted their best days since early
Health-Care
March on Wednesday, as traders cheered dovish minutes from the
Premiums Have
Increased by 100%
Federal Reserve's last policy-setting meeting.

However, that optimism fading quickly on Thursday. The
Ready for the Next
biotechnology and technology sectors took a beating as traders
Surge in Volatility?
resumed their rotation into defensive sectors like utilities, consumer

staples and telecommunications. Indeed, the closely-watched Nasdaq
Biotechnology Index plummeted 4.5% and the broader composite
took its biggest hit since 2011. The Dow and S&P 500 both took their
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biggest drops since last February.

www.foxbusiness.com/markets/2014/04/10/biotech-bust-nasdaq-crumbles-in-worst-rout-since-11/
1/3
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"This is a nasty whipsaw yet again," said Micahel Block, chief
What's this?
strategist at Rhino Trading Partners. Block said there is "no
Morning Biz Outlook
fundamental reason" for the swift move lower.

Investors took shelter in assets such as Treasury bonds, sending the
yield on the 10-year down .056 percentage point to 2.628%. Gold
rallied $14.60, or 1.1%, to $1,321 a troy ounce.
Traders kicked off the day with alarming data on China's economy.
Ally Dips After Year's Largest IPO
Exports in the world's No. 2 economy plummeted 6.6% year-over-year
Stocks Shake Off Doldrum s
in March, confounding economists who forecast a 4.8% increase.

MOST POPULAR STOCKS
"We believe that economic momentum may have stalled temporarily

in March, with the official PMI picking up slightly," analysts at Nomura
wrote in a note to clients.
"There is scope for the government to stay the policy course and not
announce new easing measures in April as it waits to see how the
economy responds to the set of fiscal easing measures announced in
recent weeks."
FB
Apr 10
-1.33%
FORD MOTOR CO...
Apr 10
GE
-1.43%
GENERAL ELECT...
IBM
INTERNATIONAL...
AAPL
On the U.S. front, the Labor Department said the number of
-5.21%
FACEBOOK INC.
APPLE INC.
59.16
4:00 PM
15.63
4:00 PM
25.58
Apr 10
4:02 PM
-0.49%
195.68
Apr 10
4:01 PM
-1.29%
523.48
Apr 10
4:00 PM
Americans filing for first-time unemployment benefits fell to 300,000

last week from an upwardly-revised 332,000 the week prior. The
reading was the lowest since May 2007. Economists expected claims
to fall to 320,000 from an initially reported 326,000.
A separate report from Labor showed U.S. import prices climbed
0.6% on a month-to-month basis in March, topping expectations of a
0.2% increase. Meanwhile, export prices jumped 0.8% in the biggest
increase since 2012, while economists forecast a 0.2% advance.
In corporate news, Bed Bath & Beyond (BBBY) shares tumbled
after the housing goods retailer revealed a worse-than-expected
outlook.
U.S. crude oil futures fell 19 cents, or 0.18%, to $103.41 a barrel.
Wholesale New York Harbor gasoline dipped 0.62% to $2.99 a
gallon.
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Brent Crude Oil
$107.46
-0.52 -0.48%
2014.04.10 end-of-day
WTI Crude Oil
$103.40
-0.20 -0.19%
2014.04.10 end-of-day
Co mmo dities
Crud e Oil
103.40
-0.19%
Na tura l G a s
4.66
+1.48%
G a soline
3.01
He a ting Oil
2.94
-0.51%
G old
1320.10
+1.11%
Silve r
20.08
+1.61%
Cop p e r
3.07
2014.04.10 end-of-day
Add to your site
Price
Change
2014.04.10 - $ 103.40
-0.20 -0.19%
1 Year Forecast
$118 / Barrel
1/2
4/14/14
Sensex falls by 86 points ahead of industry data - The Hindu
Business Markets
Sensex falls by 86 points ahead of industry data

PTI
The BSE benchmark Sensex on Friday fell from record levels by losing over 86 points as cautious investors booked
profits ahead of inflation data and earning season amid a slide in global markets.
The Sensex dropped by 86.37 points, or 0.38 per cent, to close at 22,628.96. On Thursday, the index had zoomed to
all time high of 22,792.49 in day trade.
The broad-based Nifty of the National Stock Exchange lost 20.10 points, or 0.30 per cent, to 6,776.30. It touched a
low of 6,743.15 intra-day.
Cautious investors indulged in profit booking at higher levels ahead of industrial production data to be released later
in the day, brokers said. Investors are also awaiting for inflation figure and quarterly earnings from next week for
further direction, they added.
The market was also in a cautious mood following a long week-end as market will be closed on Monday for Ambedkar
Jayanti
A weak trend in the Asian region and lower opening in Europe following a steep fall in technology stocks at US
markets overnight, further influenced the sentiment.
Reliance Industries dropped by 1.65 per cent before the earnings, leading the oil and gas sector index to suffer the
most by 1.28 per cent.
The auto sector index was the second worst performer by losing 1.20 per cent following reports of fall in car sales for
the second consecutive fiscal in 2013-14.
In 30-BSE index components, 19 stocks declined led by State Bank of India, Maruti Suzuki, Mahindra and Mahindra,
Larsen and Toubro, Bajaj Auto and Hero MotoCorp.
HDFC Ltd, Gail India, ICICI Bank and Hindustan Unilver also declined.
www.thehindu.com/business/markets/sensex-falls-by-86-points-ahead-of-industry-data/article5899737.ece?css=print
1/2
4/11/14
Stocks: Heading for the exits - Apr. 11, 2014
Stocks: Heading for the exits

By Ben Rooney @CNNMoneyInvest April 11, 2014: 4:26 PM ET
82
82
TOTAL SHARES
NEW YORK (CNNMoney)
Markets are finally closed for the week after a truly bumpy ride that ended with investors running for the exits Thursday and
Friday.
The weakness in the technology sector appears to be spreading to the broader stock market.
The Nasdaq was the biggest loser. The tech-heavy index fell more than 1.3% to end below 4,000 for the first time since early
February. It lost 3.1% for the week.
The Dow Jones Industrial Average fell 143 points after JPMorgan ( JPM, Fortune 500) reported weaker-than-expected
earnings growth. The blue-chip average sank 2.3% for the week, falling after three weeks of gains.
The S&P 500 was down nearly 1% today with selling in all sectors. Information technology was the hardest hit, but more
defensive sectors such as utilities and telecoms were also under pressure. For the week, the S&P 500 fell 2.6%.
It's a sharp reversal for the broad market gauge, which hit an all-time high just last week.
All three major U.S. market indexes are now down for the year.
Related: Investors aren't bringing sexy back
The main catalyst for this week's sell-off was a souring on so-called momentum stocks, including shares of many technology and
healthcare companies. The firms had been trading at very high prices relative to expected earnings growth.
For example, two popular exchange-traded funds that own biotechnology stocks (
fell about 4% this week.
IBB) and small-cap stocks (
IWM) both
1/3
4/11/14
But the concern now is that the sell-off is spreading to other parts of the market.
"The market has run out of momentum stocks to crush, so it is moving to the fat ladies aka $SPY and $DIA," said StockTwits user
ivanhoff, referring to exchange-traded funds that mirror the S&P 500 and the Dow.
Stocks have been on a wild ride so far in 2014.
According to Schaeffer's Investment Research, the Nasdaq has experienced a gain or loss of 1% or more on 21 trading days since
January 1. That's roughly double the number from the same period last year.
Related: Fear & Greed Index still gripped by fear
In corporate news, Herbalife ( HLF) shares plunged after the Financial Times reported that federal law enforcement authorities
are investigating the company. Herbalife, which sells nutritional supplements via a network of independent distributors, is
already the subject of a Federal Trade Commission probe.
Hedge fund manager Bill Ackman has repeatedly called Herbalife a pyramid scheme and has a very public $1 billion bet against
the company's stock.
Before the market opened, JPMorgan said earnings were hurt in the first quarter by weakness in bond trading, while consumer
lending and deposits were a bright spot. Despite the lackluster report, CEO Jamie Dimon said he has "growing confidence in the
economy."
JPMorgan shares fell more than 3%. "$JPM nothing to see please move along and carry on," wrote LAstarDCstar
Related: JPMorgan profits sink, but Dimon confident
The news was a bit rosier for Wells Fargo (
WFC, Fortune 500), which reported a double-digit profit gain for the first quarter.
Citigroup ( C, Fortune 500), Bank of America ( BAC, Fortune 500), Morgan Stanley (
( GS, Fortune 500) will report results next week.
MS, Fortune 500) and Goldman Sachs
Overall, earnings for the companies in the S&P 500 are expected to fall 1.2% in the first quarter, according to FactSet Research.
That would mark the first annual decline since the third quarter of 2012.
One of the biggest losers today was J.C. Penney (

retailer's stock ended the day down 9.6%.
JCP, Fortune 500), though there was no clear trigger for the selling. The
"$JCP WHERES THE NEWS! 12% plunge doesn't just happen!!!!!!!," wrote TheEngine3r on StockTwits.
H&R Block ( HRB) shares jumped initially after the company said it will sell its bank to Bofl Federal Bank, but the stock ended
the day lower. Shares of retailer GAP ( GPS, Fortune 500) slid after the retailer reported a sales decline for March.
2/3
4/11/14
H&R Block up ... but not due to taxes

Finally, confirming that the business world also has plenty of "relationship status" updates, shares of IAC/InterActiveCorp
( IACI) jumped after a Bloomberg report said Barry Diller's media conglomerate paid $500 million to buy another 10% of the
Tinder online dating service from a venture capitalist. The investment values Tinder at $5 billion, according to the report.
Not all traders were buying the rich valuation, however. "Are you kidding me $IACI?! Tinder hasn't even started monetizing
yet!," wrote NextTrade1122.
Related: Tech stock rout continues in Asia
The rout in tech shares spilled over into Asian markets Friday. Shares of Tencent ( TCEHY) plunged 6.8% and Samsung
( SSNLF) fell 5%. The Nikkei index plunged 2.4%, taking its loss for the week to 7.3%.
European markets were also caught up in the fallout from Wall Street's slump.
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4/22/14
Brent Crude Oil
$109.27
-0.68 -0.62%
2014.04.22 end-of-day
WTI Crude Oil
$102.13
-2.24 -2.19%
2014.04.22 end-of-day
Co mmo dities
Crud e Oil
102.13
-2.19%
Na tura l G a s
4.74
+0.89%
G a soline
3.10
+0.27%
He a ting Oil
3.00
-0.30%
G old
1280.60
-0.58%
Silve r
19.35
+0.05%
Cop p e r
3.08
+0.34%
2014.04.22 end-of-day
Add to your site
Price
Change
2014.04.22 - $ 102.13
-2.24 -2.19%
1 Year Forecast
$117 / Barrel
1/2
4/23/14
Stocks Fall as Traders Review Earnings, Housing Data | Fox Business

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By Adam Samson, Matthew Rocco / Pub lished April 23, 2014 / FOXBusiness
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defines income
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Facebook 1Q
Wednesday as traders parsed through disappointing economic data
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Top Views, Shares
and mixed corporate earnings.
Head Higher
Today's Markets
Apple 2Q Results
RELATED STOCKS
Blow Past Views;
The Dow Jones Industrial Average closed 12.7 points lower, or
Ups Div, Declares
0.08%, at 16501, the S&P 500 dipped 4.2 points, or 0.22%, to 1875
GILD
73.86
GILEAD SCIEN...
+1.00
34.92
The S&P 500 ended its winning streak at six days, leaving the broad-
AT&T INC....
-1.37
market barometer about 22 points away from its all-time intraday high.
PG
80.36
On the earnings front, Boeing (BA) revealed quarterly results that flew
THE PROCTER ...
-0.25
Stock Split
and the Nasdaq Composite declined 34 points, or 0.83%, to 4127.

Qualcomm Posts
Higher 2Q Revenue
But Misses Street
past Wall Street's expectations, sending its shares higher. Defense
Stocks Jump on
contractor Northrop Grumman (NOC) also rallied after the company
Deal News, Strong
130.63
BOEING CO....
+3.08
overcame weaker revenue to log higher profits. The Dow Jones U.S.
FB
61.36
FACEBOOK INC...
-1.67
BA
Data
Aerospace & Defense Index climbed 1.4%.
www.foxbusiness.com/markets/2014/04/23/stocks-fall-as-traders-review-earnings-housing-data/
FROM OUR SPONSORS
1/3
4/23/14
Procter & Gamble (PG), the blue-chip consumer products giant,
What's this?
posted better-than-expected quarterly profits, but sales that missed
Morning Biz Outlook
analysts' views. AT&T (T) revealed a beat on the bottom line, but
shares still fell.
Gilead (GILD), the biotech behemoth that took a beating earlier this
month as momentum stocks dropped, actually revealed much
stronger-than-expected results.
Midday Market Report: 4/23/14

Street Riding Longest Winning Streak in Six
Months
Apple (AAPL) reported a strong earnings beat after the closing bell.
Mid-Market Update: M&A Trends Looking Good
The worlds biggest company by market capitalization also expanded

its dividend and share repurchase program. Facebook (FB) also
topped consensus estimates for the top and bottom lines.
MOST POPULAR STOCKS
F
In economic news, the Commerce Department said sales of newlyconstructed homes fell 14.5% to an annualized rate of 384,000 units
FORD MOTOR CO...
AAPL
APPLE INC.
in March. Economists expected a reading of 450,000 units.

Construction and housing-related stocks, such as Owens Corning
(OC) and Whirlpool (WHR), widely sold off on the news.
Elsewhere, U.S. crude oil futures continued to trade lower after
government data revealed record-high supplies. Nymex oil was down
to $101.51 a barrel. Wholesale New York Harbor gasoline traded
+0.81%
16.23
Apr 23
4:00 PM
-1.31%
524.75
Apr 23
4:00 PM
+0.13%
100.50
EXXONMOBIL CO...
Apr 23
4:00 PM
-3.78%
XOM
AT&T INC.
Apr 23
GE
-0.60%
GENERAL ELECT...
Apr 23
34.92
4:00 PM
26.42
4:00 PM
near breakeven at $3.04 a gallon. Gold advanced $3.60, or 0.28%, to

$1,284.70 a troy ounce.
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Japan trade deficit grows

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Apple 2Q Results Blow Past

Expectations
The tech behemoth posted fiscal 2Q
EPS of $11.62 on sales of $45.6 billion,
beating Street views of a profit of $10.18
on revenue of $43.27 billion. The
company raised its quarterly dividend
and also announced a 7-for-1 stock split.
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Stocks Fall as Traders Review Housing

Data
Rep. Rangel: No
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Facebook's Quarterly Earnings Beat the

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Brent Crude Oil
$109.11
-0.16 -0.15%
2014.04.23 end-of-day
WTI Crude Oil
$101.44
-0.31 -0.31%
2014.04.23 end-of-day
Co mmo dities
Crud e Oil
101.44
-0.31%
Na tura l G a s
4.73
-0.19%
G a soline
3.09
He a ting Oil
2.98
-0.73%
G old
1284.20
+0.28%
Silve r
19.43
+0.41%
Cop p e r
3.08
2014.04.23 end-of-day
Add to your site
Price
Change
2014.04.23 - $ 101.44
-0.31 -0.31%
1 Year Forecast
$116 / Barrel
1/2
4/23/14
Stocks: The win streak is over - Apr. 23, 2014
Stocks: The win streak is over

By Matt Egan @CNNMoneyInvest April 23, 2014: 4:39 PM ET
Click image for more market data
49
49
TOTAL SHARES
NEW YORK (CNNMoney)
Wall Street failed to extend its win streak to seven days on Wednesday as investors took their feet off the gas.
The Dow Jones industrial average and S&P 500 posted minor losses while the Nasdaq landed solidly in the red (down 0.83%)
amid more biotech struggles.
The Nasdaq is still negative for the year and the month of April as investors have soured on tech stocks.
Wall Street lost more ground after the government said new home sales tumbled 14.5% in March to the slowest pace since July.
However, median prices of new homes sold rose to a record high of $290,000.
The weaker-than-expected housing numbers led investors to sell shares of home builders such as Lennar ( LEN) and KB Home
( KBH). Stocks related to home construction also took a hit, including Home Depot ( HD, Fortune 500) and Owens Corning
( OC, Fortune 500), which makes insulation products and roofing shingles.
In deal news, SodaStream International ( SODA) popped 11% after an Israeli paper said Starbucks ( SBUX, Fortune 500) is in
advanced talks about taking a 10% stake in the household soda-machine maker. Starbucks fell 1% on the report, while Keurig
Green Mountain ( GMCR), a rival to SodaStream, shed more than 4%.
Related: Starbucks might buy a stake in SodaStream
Investors are sifting through the latest quarterly results to get a better feel for the health of companies and the broader
economy.
Tech stocks were the big focus after the closing bell this evening.
Mark Zuckerberg's Facebook (
FB, Fortune 500) enjoyed an after-hours bounce by posting a 72% surge in revenue. The social
1/3
4/23/14
media giant's earnings significantly topped forecasts from analysts.

Powered by solid iPhone sales, Apple ( AAPL, Fortune 500) beat Wall Street's earnings and revenue estimates and also
unveiled a $30 billion increase to its share buyback program and hiked its dividend. The tech behemoth also reiterated plans to
launch new product categories and unveiled plans for a seven-for-one stock split in June.
Apple stock was down more than 1% Wednesday before its earnings release.
"Sentiment in some of these tech names has gotten a bit bubbly going into numbers. That's dangerous," said Michael Block, chief
strategist at Rhino Trading Partners.
Related: CNNMoney Tech 30
Investors poured cash into Dr. Pepper Snapple Group (

high after the company announced strong profits.
DPS, Fortune 500), driving the beverage maker 4% up to an all-time
Other companies having a happy Wednesday included Dow Chemical ( DOW, Fortune 500), which reported a double-digit
increase in net earnings per share compared to this time last year. Aircraft maker Boeing ( BA, Fortune 500) flew higher after
exceeding profit forecasts and announcing an 8% revenue increase. Both stocks closed higher.
Procter & Gamble ( PG, Fortune 500), a producer of household consumer goods like Crest, Tide and Gillette, also had solid
quarterly gains, although its stock fell slightly.
Despite bad weather that caused thousands of flight cancellations, Delta Air Lines ( DAL, Fortune 500) beat expectations with
soaring profits. Investors bid up the airline 6% to an all-time high on the upbeat results.
Related: Delta Airlines cruises to record high
A lot of the market decline Wednesday was driven by results that came out late Tuesday, especially from biotech companies.
Gilead Sciences (
GILD, Fortune 500) shares rose 1% after it blew past earnings estimates.
"$GILD Getting it's mojo back - slowly but surely," said stocktwits user StockOptionPro.
On the other hand, Amgen (
today.
AMGN, Fortune 500) failed to live up to analysts' expectations and is one of the biggest losers
The biotech sector has taken a beating in recent weeks and was leading the Nasdaq lower on Wednesday after Amgen's miss.
The tech sector was also dragged lower by selloffs from EMC ( EMC, Fortune 500) and Juniper Networks ( JNPR) following
their quarterly results.
Shares of Yum! Brands ( YUM, Fortune 500) fell 1% even after the parent of KFC and Taco Bell beat earnings expectations
with especially good growth in Asia. They have also announced the return of the infamous KFC "Double Down" sandwich.
Related: Fear & Greed Index still in fear zone
2/3
4/23/14
KFC 'doubles down' on China

U.K.-based chip designer ARM Holdings ( ARMH) -- part of the CNNMoney Tech30 Index -- reported record revenue and
profit in the first quarter, but results were slightly weaker than analysts were expecting, sending the stock down 2.75%.
European markets closed modestly lower.
Asian markets closed with mixed results after the latest survey of manufacturing activity showed China's factories continued
to struggle in April.
Both of the main stock markets in China were lower, while the benchmark Nikkei in Tokyo jumped by 1.1%.
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[what's this]
3/3
4/26/14
Brent Crude Oil
$109.58
-0.75 -0.68%
2014.04.25 end-of-day
WTI Crude Oil
$100.60
-1.34 -1.33%
2014.04.25 end-of-day
Co mmo dities
Crud e Oil
100.60
-1.33%
Na tura l G a s
4.65
-1.25%
G a soline
3.08
-0.47%
He a ting Oil
2.99
-0.93%
G old
1300.70
+0.78%
Silve r
19.68
Cop p e r
3.13
-0.30%
2014.04.25 end-of-day
Add to your site
Price
Change
2014.04.25 - $ 100.60
-1.34 -1.33%
1 Year Forecast
$115 / Barrel
1/2
4/26/14
Stocks end week in red as techs get hammered - Apr. 25, 2014
Stocks end week in red as tech gets hammered

By Jesse Solomon @JesseSolomonCNN April 25, 2014: 4:34 PM ET
193
193
TOTAL SHARES
NEW YORK (CNNMoney)
Investors just couldn't keep that loving feeling going at the end of the week, and techs bore the brunt of the cooling off.
The Nasdaq dropped 1.75%, while the Dow fell 140 points and the S&P 500 also ended lower. The sell-off came as investors
questioned whether key companies like Amazon ( AMZN, Fortune 500) are growing at the pace Wall Street likes to see. There
were also renewed concerns about turmoil in Ukraine.
The major indexes gave up gains from earlier in the week and ended the week with losses. It was the eighth straight week that
the S&P 500 alternated between weekly gains and losses, according to Ryan Detrick, a strategist at Schaeffer's Investment
Research. Call it the "Spring Swivel".
The latest reading on CNNMoney's Fear & Greed index shows sentiment is still languishing in "fear" mode.
Related: Fear & Greed Index still gripped by fear
Amazon ( AMZN, Fortune 500) reported better-than-expected earnings and revenue Thursday, but shares plunged almost
10% as worries about rising costs at the tech giant surfaced. The stock was the biggest loser on CNNMoney's Tech 30 Index,
which was down 4% Friday.
"$AMZN It's simple, when you run out of ways to increase your margin and make a profit, you distract people. drones, movies,
phones, promises," said Caviar on StockTwits.
But another StockTwits trader wasn't fretting the Amazon drama.
"$AMZN awesome, hope to get this at a bargain price maybe in a couple weeks," said zv2013.
Related: S&P cuts Russia's credit rating
1/3
4/26/14
Microsoft ( MSFT, Fortune 500) was one of the few tech stocks that edged out a win Friday after the company reported firstquarter sales that exceeded analysts' expectations. It also announced the completion of its deal with Nokia, complete with a
slightly awkward photo of CEO Satya Nadella and executive Stephen Elop walking and talking in a mountainous setting while
Elop holds a Nokia phone.
"$MSFT New CEO, new management, new
devices+services strategy....Now we'll see
some real momentum! #MSFTjustgotsexy,"
said StockTwits trader lcc007.
Ford ( F, Fortune 500)shares fell over 3%
after the automaker reported its first quarterly
earnings decline since 2012. Profits also were
below analysts' estimates.
But Stocktwits trader Circpunk thought Ford
deserved some credit.
"$F It takes time to rebalance and refocus.
They're doing an outstanding job running this
company. This is old school competence," he
said.
Shares of Dow component Visa (
V, Fortune 500) tumbled 5% after the credit card giant missed revenue forecasts.
Starbucks ( SBUX, Fortune 500) rose after reporting a gain in sales and earnings. There also have been rumors that it is
considering buying a stake in SodaStream. Shares of SodaStream ( SODA) have rallied sharply this week on that speculation.
Caffeine jolt for Starbucks stock

Burger King ( BKW) got a boost after its earnings report barely topped estimates, but that was a better story than McDonald's
( MCD, Fortune 500) had when it reported its quarterly results earlier in the week.
Shares of athletic apparel maker Under Armour ( UA) sank for a second straight day even though the company reported strong
earnings Thursday and is on the verge of being added to the S&P 500 index.
In geopolitical news, senior government officials told CNN that the U.S. could impose new sanctions on Russia for failing to take
steps to reduce the tension in eastern Ukraine. Sanctions would target key allies of Russian President Vladimir Putin, highprofile oligarchs and possibly companies.
Even without additional sanctions, Russia is struggling economically. Standard & Poor's downgraded Russia's credit rating to
one step above junk status, and the country was forced to raise its interest rate from 7 to 7.5% since its currency is dropping
2/3
4/26/14
sharply. This was the second increase in two months.

Related: 3 risks from the Ukraine crisis
European indexes finished mostly lower, with Germany's DAX falling 1.5%. Germany is Russia's largest trading partner in
Europe. New sanctions would hurt both economies.
Most major Asian markets finished the day down as well.
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3/3
4/29/14
Brent Crude Oil
$108.12
-1.46 -1.35%
2014.04.29 end-of-day
Co mmo dities
Crud e Oil
100.84
+0.24%
Na tura l G a s
4.80
+3.09%
G a soline
3.04
-1.14%
He a ting Oil
2.95
-1.18%
G old
1298.90
-0.14%
Silve r
19.58
-0.51%
Cop p e r
3.11
2014.04.29 end-of-day
-0.60%
Add to your site
Price
Change
2014.04.29 - $ 100.84
0.24 0.24%
1 Year Forecast
$115 / Barrel
1/1
5/5/14
Sensex slumps by 165 points; profit-booking continues for third day - The Hindu
Business Markets
Sensex slumps by 165 points; profit-booking continues for third day

PTI
The sentiment was also influenced by the two-day monetary policy meet of the US Federal Reserve that will start late today and is expected The Hindu
to trim monthly bond purchases by another $10 billion. File Photo: Vivek Bendre
Sensex on Tuesday nosedived by over 165 points to 22,466.19 on consistent profit-booking across counters, with
investors turning cautious amid a slew of negative factors.
The sentiment was also influenced by the two-day monetary policy meet of the US Federal Reserve that will start late
today and is expected to trim monthly bond purchases by another $10 billion.
Profit-booking was seen for the third successive day.
In across-the-board profit taking, 11 out of 12 sectoral indices closed in the red with metal, banking, auto and power
segments leading the downfall. Consumer durables index managed to settle in the green.
The 30-share barometer was in the negative terrain for most of the day.
In three straight sessions, it has plunged by 410.35 points or 1.79 per cent.
The wide-based 50-issue CNX Nifty also dipped by 46 points (or 0.68 per cent) to 6,715.25.
Investor worries over developments in Ukraine lingered on as the US has already announced some sanctions, and also
threatened to impose more economic sanctions on key sectors of Russias economy.
On the domestic front, slowdown in capital inflows and announcement of below normal monsoon continued to weigh
on minds of investors.
Stock brokers said wary investors are now waiting for the outcome of the Lok Sabha elections and they hope a new
stable government will take initiatives on reform measures.
Jignesh Chaudhary, Head Of Research, Veracity Broking Services, said, Local equities continued to trade weak...
Yesterday, FIIs were seen selling in the local markets and posted its lowest net buying in the whole month. Also, the
DIIs continued to be net sellers in the equity. Till date for this month DIIs have been the net buyers only for two days
in sixteen working days.
FIIs bought shares worth a net Rs. 77.02 crore yesterday, as per provisional data from stock exchanges.
www.thehindu.com/business/markets/sensex-slumps-by-165-points-profitbooking-continues-for-third-day/article5959873.ece?css=print
1/2
5/5/14
Sensex slumps by 165 points; profit-booking continues for third day - The Hindu
Tata Steel plunged 4.79 per cent and FMCG major HUL slumped 3.01 per cent.
Hindalco Ind at 2.87 per cent, Tata Power 2.65 per cent, Bajaj Auto 2.20 per cent, SBI 1.90 per cent, Maruti Suzuki
1.85 per cent, Tata Motors 1.76 per cent, SSLT 1.37 per cent, Cipla 1.35 per cent, HDFC Bank 1.30 per cent were
among the prominent losers.
Among BSE sectoral indices, Metal fell by 2.69 per cent, followed by Bankex (1.27 per cent), Auto (1.19 per cent),
Power (1.11 per cent) and FMCG (0.83 per cent).
The market breadth turned negative as 1,506 stocks ended in the red, 1,281 stocks finished in the green while 123
ruled steady. The total turnover rose to Rs. 2,865.42 crore from Rs. 2,765.58 crore yesterday.
Keywords: Sensex, Indian stock market, Nifty, BSE, NSE
Printable version | May 5, 2014 2:04:01 PM | http://www.thehindu.com/business/markets/sensex-slumps-by-165points-profitbooking-continues-for-third-day/article5959873.ece
The Hindu
www.thehindu.com/business/markets/sensex-slumps-by-165-points-profitbooking-continues-for-third-day/article5959873.ece?css=print
2/2
4/30/14
Brent Crude Oil
$108.07
-0.91 -0.84%
2014.04.30 end-of-day
WTI Crude Oil
$99.74
-1.54
-1.54%
2014.04.30 end-of-day
Co mmo dities
Crud e Oil
99.74
-1.54%
Na tura l G a s
4.82
-0.33%
G a soline
3.01
-1.85%
He a ting Oil
2.93
-1.20%
G old
1295.60
-0.03%
Silve r
19.12
-1.93%
Cop p e r
3.03
-1.42%
2014.04.30 end-of-day
Add to your site
Price
Change
2014.04.30 - $ 99.74
-1.54 -1.54%
1 Year Forecast
$114 / Barrel
1/2
4/30/14
2/2
5/5/14
Sensex ends 48 points down - The Hindu
Business Markets
Sensex ends 48 points down

PTI
The BSE benchmark index Sensex pared early gains to close down by 48 points due to profit-booking in bluechips in a
volatile trade, extending losses for the fourth day in a row.
Stock markets had opened on a strong note with the 30-scrip Sensex touching a high of 22,680.46 points in early
trade. However, profit-booking in late afternoon session in metal, capital goods and banking stocks pulled the index
down to a days low of 22,284.96 points.
The BSE barometer closed with a loss of 48.39 points to 22,417.80. The gauge had lost 410 points in the previous
three sessions.
The broad-based Nifty of the National Stock Exchange lost 18.85 points to settle at 6,696.40. During the session,
Nifty shuttled between 6,780.15 and 6,656.80.
The major losers were Larsen and Toubro, ICICI Bank, Reliance Industries, Infosys, Coal India, Bajaj Auto, Bharti
Airtel, Hindalco, Sesa Sterlite, Sun Pharma, Tata Power, Tata Steel, Tata Consultancy Services and Wipro.
The realty sector index suffered the most by losing 5.30 per cent to 1,396.79 followed by power index by 2.08 per cent
to 1,686.54. Capital goods index fell by 2.03 per cent to 12,118.32 and Consumer durable by 2 per cent to 6,517.26.
trade
Printable version | May 5, 2014 2:04:46 PM | http://www.thehindu.com/business/markets/sensex-ends-48-pointsdown/article5962771.ece
The Hindu
www.thehindu.com/business/markets/sensex-ends-48-points-down/article5962771.ece?css=print
1/1
5/2/14
Wall Street Falters After Hectic News Day | Fox Business

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Wall Street Falters After Hectic News Day

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counted as such, which helps push the unemployment rate lower but
Living Hand to
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masks the fact that all those people are still out of work.
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This dynamic has been a primary factor in driving the unemployment
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rate lower since the last recession ended more than five years ago.
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Meanwhile, the labor force participation rate, a key gauge of the
Jobs Reports
percentage of working-age Americans currently employed or actively

seeking a job, fell to 62.8%, matching lows hit in December and
October, which had not been seen since March 1978.
Unlike the unemployment rate, which only counts people who are
April jobs report: Good or bad?
either working or looking for work, the labor force participation rate
Great Jobs Report, Right? Not Necessarily
considers all working-age Americans, fewer of whom are actually
Upside Surprise: U.S. Adds 288K Jobs in April
working these days.

The employment report issued today is good and welcome news,"
said Bob Funk, CEO of Express Employment Professionals and a
former chairman of the Kansas City Federal Reserve. But every silver
lining has a cloud and the number of people who have quit looking for
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AAPL
APPLE INC.
XOM
setting Federal Open Market Committee decided in March to discard

a 6.5% unemployment rate threshold set a year earlier for possibly
raising interest rates.
+0.59%
EXXONMOBIL CO...
May 2
-0.06%
work is a real cloud in today's economy.

Again, the Fed saw this coming and thats why members of the policy
+0.19%
May 2
FORD MOTOR CO...
May 2
GE
-0.34%
GENERAL ELECT...
May 2
FB
-1.13%
FACEBOOK INC.
May 2
592.58
4:00 PM
102.01
4:00 PM
15.90
4:01 PM
26.68
4:00 PM
60.46
4:00 PM
At the time the threshold was set in early 2013 the unemployment rate
was hovering near 8%. The rate fell rapidly throughout 2013, but
largely because people were leaving the workforce.
The Fed recognized what was happening and by discarding the 6.5%
threshold earlier this acknowledged what many economists were
already saying -- that the headline unemployment rate was no longer a
reliably accurate indicator of the broader health of U.S. labor markets.
While monthly labor reports provide little more than a snapshot of the
overall jobs situation, the inability of the labor force participation rate
to rise despite signs of momentum across the rest of the economy
has emerged as central problem of the post-recession recovery.
Two primary reasons have been cited for the low participation rate:
people leaving the workforce in droves because theyve given up in
frustration on finding a job, and the large numbers of baby boomers
who are reaching retirement age.
The first reason is known as structural, in economic jargon, because it
means something is broken in the economy and needs to be fixed in
order to ensure that people who want jobs can find them. The second
reason is known as cyclical because it stems from a demographic
trend, one that will eventually play itself out.
2/4
5/2/14
Economists notably those working at the Fed have yet to reach a

solid conclusion on which factor is playing the more significant role in
pushing people out of the workforce.
In any case, many large U.S. businesses such as banks have decided
post-recession to keep costs low by maintaining minimal payroll
levels -- or by cutting staffs even further. Thats made it very difficult for
those looking for a well-paying, full-time job to find one, and could
keep it that way for a while.
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Toyota w ithdraw al a bom bshell, econom ic blow to
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Nissan creating first self-cleaning car
Retirem ent Myths Not to Believe
MGM CEO: We w ould consider reinstating Clippers
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Donald Sterling blackballed
30-year-m ortgage Rate Declines To 4.29%
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Half of Georgia health-care

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Necessarily
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April, which helped push the
unemployment rate lower but masked
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of work.

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Brent Crude Oil
$107.72
-0.87 -0.81%
2014.05.05 end-of-day
WTI Crude Oil
$99.48
-0.28
-0.28%
2014.05.05 end-of-day
Co mmo dities
Crud e Oil
99.48
-0.28%
Na tura l G a s
4.69
+0.30%
G a soline
2.91
-1.21%
He a ting Oil
2.91
-0.55%
G old
1309.00
+0.49%
Silve r
19.52
+0.14%
Cop p e r
3.07
-0.34%
2014.05.05 end-of-day
Add to your site
Price
Change
2014.05.05 - $ 99.48
-0.28 -0.28%
1 Year Forecast
$114 / Barrel
1/2
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Stocks Sell Off as Financials, Retailers Dive | Fox Business

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16401, the S&P 500 slumped 16.9 points, or 0.9%, to 1868 and the
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MRK
57.11
MERCK & CO. ...
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performers. In a somewhat unusual move, the energy sector, which
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usually falls with cyclical stocks, was actually one of two advancers.
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AGN
ALLERGAN, IN...
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yields, also climbed.
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The pace of mergers and acquisitions in the health-care space
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continues heating up. Merck (MRK) said it will sell its consumer care
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pursuing a $106 billion buyout of AstraZeneca (AZN) and Valeant
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(VRX) is attempting to buy botox-maker Allergan (AGN).
unit to German Bayer for $14.2 billion. This comes as Pfizer (PFE) is
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Elsewhere in corporate news, insurance giant American
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International Group (AIG) saw its shares slump after posting a 27%
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drop in first-quarter profits. Twitter (TWTR) shares plunged to new

lows as the lock-up expires in the micro-blogging site's stock.
On the economic front, traders will get a look at U.S. international
trade at 8:30 a.m. ET. The trade deficit is forecast to have narrowed
to $40.3 billion in March from $42.3 billion the month prior. While the
data are a lagging indictor, they figure directly into broader economic
Mid-Market Hiring Looking Bright
calculations.
Mid-Market Report: Prestige Scoops Up Insight

for $750 Million
U.S. crude oil futures rose by a penny, or 0.01%, to $99.49 a barrel.

Wholesale New York Harbor gasoline advanced 0.2% to $2.916 a
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gallon. Gold slipped $1.20, or 0.1%, to $1,308 a troy ounce.
AAPL
XOM
APPLE INC.

Toyota developing free piston engine linear generator
for hybrid cars
Hennessey releases details on Chevy SS upgrades,
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BAC
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TWTR
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TWITTER INC.
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BBB Warns of Netflix Scam
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Brent Crude Oil
$107.06
-0.66 -0.62%
2014.05.06 end-of-day
Co mmo dities
Crud e Oil
99.50
+0.02%
Na tura l G a s
4.80
+2.31%
G a soline
2.89
-0.81%
He a ting Oil
2.89
-0.65%
G old
1308.30
-0.05%
Silve r
19.60
+0.40%
Cop p e r
3.08
2014.05.06 end-of-day
Add to your site
Price
Change
2014.05.06 - $ 99.50
0.02 0.02%
1 Year Forecast
$114 / Barrel
1/1
5/9/14
Brent Crude Oil
$108.04
-0.09 -0.08%
2014.05.08 end-of-day
WTI Crude Oil
$100.26
-0.51 -0.51%
2014.05.08 end-of-day
Co mmo dities
Crud e Oil
100.26
-0.51%
Na tura l G a s
4.57
-3.67%
G a soline
2.90
-0.45%
He a ting Oil
2.92
-0.25%
G old
1287.40
-0.09%
Silve r
19.09
-1.07%
Cop p e r
3.08
+1.04%
2014.05.08 end-of-day
Add to your site
Price
Change
2014.05.08 - $ 100.26
-0.51 -0.51%
1 Year Forecast
$115 / Barrel
1/2
5/10/14
Brent Crude Oil
$107.89
-0.15 -0.14%
2014.05.09 end-of-day
WTI Crude Oil
$99.99
-0.27
-0.27%
2014.05.09 end-of-day
Co mmo dities
Crud e Oil
99.99
-0.27%
Na tura l G a s
4.53
-0.90%
G a soline
2.90
-0.31%
He a ting Oil
2.91
-0.46%
G old
1287.30
-0.01%
Silve r
19.08
-0.09%
Cop p e r
3.10
+0.58%
2014.05.09 end-of-day
Add to your site
Price
Change
2014.05.09 - $ 99.99
-0.27 -0.27%
1 Year Forecast
$114 / Barrel
1/1
5/14/14
Sensex snaps gaining streak - The Hindu
Business Markets
Sensex snaps gaining streak

The S&P BSE Sensex closed at 23815.12, down 56 points after hitting an intra-day high of 23965. The 50-share NSE Nifty closed flat at
7108.75 after hitting an intra-day high of 7140. File photo
The Hindu
The S&P BSE Sensex closed at 23815.12, down 56 points after hitting an intra-day high of 23965.
Profit-booking halted the euphoric upward move on the stock markets and key benchmark indices snapped a threesession of over 1500 points (Sensex) pre-election result rally on Wednesday to close at lower levels.
The S&P BSE Sensex closed at 23815.12, down 56 points after hitting an intra-day high of 23965. The 50-share NSE
Nifty closed flat at 7108.75 after hitting an intra-day high of 7140.
The markets opened higher tracking global cues and sustained optimism by investors. But profit-booking was seen as
the short-term indicators were in the overbought zone, said Alex Mathews, Head Research, Geojit BNP Paribas
Financial Services.
The PSU banking stocks were seen in demand. Foreign institutional investors are net buyers, bought shares worth
Rs.2,026.23 crore in the capital market segment on Tuesday. On the other hand, domestic institutional investors were
net sellers to the tune of Rs.649.42 crore as per provisional data from the stock exchanges, Mr. Mathews said.
The markets traded in a flat range with low volumes. There was a consolidation around Tuesdays closing price for
Nifty and the Sensex. Markets seem to be waiting for May 16 to confirm exit poll results before making a further
move.
Among other indices, CNX Realty was the top gainer with 4.22 per cent, while CNX energy declined by -0.73 per
cent, said Kiran Kumar Kavikondala, Director & CEO, WealthRays Securities.
Experts have advised people to stay invested if they firmly believe in a strong decisive government.
One should stay invested. In the past five years, the stock markets have not given much return. So now if NDA with
absolute majority takes charge, it will be a big positive for the markets. Markets will be re-rated and going forward
people can get good return on their investments if they stay invested, said Ramanathan K., Chief Investment Officer,
ING Investment Management.
If you firmly believe in a majority government stay invested and you should hold on to your entire portfolio. If you are
not sure, then liquidate 25 per cent to 50 per cent of your holding and utilise the cash later when the picture gets
www.thehindu.com/business/markets/sensex-snaps-gaining-streak/article6009374.ece?css=print
1/2
5/14/14
Sensex snaps gaining streak - The Hindu
clear, said Mr. Alex Mathews.

Keywords: Sensex, Nifty, BSE, NSE, bull market, Indian stocks
Printable version | May 15, 2014 3:22:15 AM | http://www.thehindu.com/business/markets/sensex-snaps-gainingstreak/article6009374.ece
The Hindu
www.thehindu.com/business/markets/sensex-snaps-gaining-streak/article6009374.ece?css=print
2/2
5/14/14
Stocks Stumble from Record Highs | Fox Business

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Elsewhere, U.S. crude oil futures rose 30 cents, or 0.29%, to $102 a

barrel. Wholesale New York Harbor gasoline gained 0.41% to $2.942
a gallon. Gold advanced $9.90, or 0.76%, to $1,305 a troy ounce.
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Fed Bond Buying Should End In October: Fisher
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flying higher. However, Wal-Mart (WMT) posted a sizeable miss,
blaming bad weather. Shares of the world's biggest retailer stumbled
on the news. Both stocks are Dow components.
www.foxbusiness.com/markets/2014/05/15/wall-street-slammed-in-heavy-trading/
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In economic news, the Labor Department said the number of
What's this?
Americans filing for first-time unemployment benefits fell last week to
Morning Biz Outlook
297,000 from an upwardly revised 321,000 the week prior. Wall

Street was looking for claims to rise to 320,000 from an initially
reported 319,000.
Another report from Labor showed prices for consumer goods rose
0.3% in April from the month prior, matching Wall Streets estimates
on a rounded basis. Excluding the food and energy components,
prices rose 0.2%, slightly more than the 0.1% increase economists
expected. The Federal Reserve has been working to boost inflation

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as it chops down unemployment.

A report from the New York Federal Reserve showed manufacturing
in the Empire State region surged in May, with its business conditions
gauge jumping to 19.01 in May after nearly stalling at 1.29 in April.
Economists expected a reading of 5.
Meanwhile, the National Association of Home Builders gauge of
homebuilder sentiment fell to 45 in May, from 46 in April, while Wall
Street expected the gauge to rise to 49.
-0.85%
588.82
APPLE INC.
May 15
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CSCO
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CISCO SYSTEMS...
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GE
-0.60%
GENERAL ELECT...
May 15
15.69
4:00 PM
36.52
4:00 PM
24.18
4:00 PM
26.60
4:00 PM
Last on the heavy economic calendar, the Philadelphia Feds gauge

of manufacturing activity in the mid-Atlantic region rose to 15.4 in May
from 16.6 the month prior. The May reading surpassed Wall Streets
expectations of 14.
The economy has been recovering from a harsh winter that swept
across large swaths of the U.S. and severely suppressed activity.
barrel. Wholesale gasoline prices were little changed at $2.969 a
gallon. Gold dipped 70 cents, or 0.05%, to $1,305 a troy ounce.
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Stocks fall hard: Dow down 167 - May. 15, 2014
Stocks fall hard: Dow down 167

By Ben Rooney @ben_rooney May 15, 2014: 4:23 PM ET
142
142
TOTAL SHARES
NEW YORK (CNNMoney)
Fear has returned to Wall Street. Just days after hitting new highs, stocks fell across the board Thursday as the bears came
out from hibernation.
The Dow Jones industrial average ended the day down nearly 170 points, though the blue-chip average lost more than
200 points earlier in the day. The S&P 500 and the Nasdaq both fell hard as well, with the S&P 500 close to a percent drop.
Investors rushed into bonds, driving the yield on the 10-year Treasury to 2.48% at one point, the lowest level since Oct.
2013. Bond yields fall when prices rise.
The selling adds to Wednesday's losses, and marks a significant shift from the recent trend. The Dow has hit a string of
record closing levels this week, and the S&P 500 crossed the 1,900 mark for the first time on Tuesday. It closed today at
1,871.
What's driving the pullback?
There was no specific trigger for the retreat, said Bernard Kavanagh, a portfolio manager at Stifel Nicolaus. He said
investors have been on the lookout for a pullback this year and many are primed to sell stocks at the slightest hint of bad
news.
"It's more sentiment driven than anything else," he said. "People are feeling skittish after we hit all-time highs just a few days
ago."
CNNMoney's Fear & Greed index fell back to a level signaling "extreme fear" in the market.
Some traders pointed to comments by David Tepper, a widely followed hedge fund manager, who said Wednesday that he's
"nervous" about the market.
1/3
5/15/14
"The tipping point today was David Tepper's comments, which were seen as a siren song. Investors circled the wagon
around that," said Mark Luschini, chief investment strategist at Janney.
Related: David Tepper: I'm nervous about the market
European markets were also under pressure following mixed economic data from the eurozone. Stocks in Italy, Ireland and
Spain fell sharply. Germany and France both ended down 1%.
The jitters were evident on StockTwits, where traders seemed particularly worried about small-cap stocks. The iShares IWM
( IWM) exchange traded fund, which tracks a basket of 2,000 small companies, is down more than 10% from its most
recent high, which meets the standard definition of a correction.
"$SPY $IWM crash risk is high, need to stay alert," said slowslimslider.
Traders were also sounding alarm bells about the broader market as well.
"$SPY fear just broke my chart," said Bemer14
Wal-Mart, other retailers disappoint
Investors were rattled by poor earnings and sales data from Wal-Mart. ( WMT, Fortune 500) The big discount retailer said
its results were hurt by bad weather and a delay in tax refunds caused by last fall's government shutdown.
Wal-Mart woes deeper than winter snow

Kohl's ( KSS, Fortune 500) also had bad news. The department store chain said sales fell 3.4% in the first quarter,
missing the company's own expectations.
But investors cheered J.C. Penney's ( JCP, Fortune 500) latest report, which came out after the market closed. The
struggling retailer said it had sales of $2.8 billion in the first quarter, surpassing analysts' expectations. It also reported a
smaller than expected loss.
The stock surged nearly 10% in extended trading. "Cotton Dockers for everyone! $JCP," said chicagosean.
General Motors ( GM, Fortune 500) announced five new recalls covering 2.7 million vehicles, including a wiring flaw tied
to 13 accidents and two injuries. It was the latest in a string of high-profile recalls this year that have hit the automaker's
bottom line. The stock ended the day down over 1.5%.
The technology sector was a bright spot in early trading Thursday. Cisco Systems ( CSCO, Fortune 500) shares rallied
more than 7% after the maker of information technology equipment and software reported earnings that beat expectations
last night.
Related: Fear & Greed Index in 'extreme fear' mode
Economic data mixed
2/3
5/15/14
On the economic front, the government said new claims for unemployment benefits fell in the week ending May 10. As
expected, consumer prices increased 0.3% in April. Excluding food and energy prices, the consumer price index rose 0.2%
last month.
The Federal Reserve said industrial production fell 0.6% in April, surprising economists who were expecting no change. A
report on manufacturing activity in the New York area came in above expectations, while activity in the Philadelphia region
slowed.
Federal Reserve chair Janet Yellen will be speaking about small business and the economy during a talk in Washington
this evening.
Asian markets had a mixed day. Investors in Japan pushed the Nikkei lower, shrugging off an impressive report on
strong economic growth in the first quarter.
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Credit Suisse (CS) pleaded guilty to criminal charges it helped
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Americans evade taxes. The big Swiss bank will pay $2.6 billion to
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settle the suit, but it doesn't expect the pact to materially affect its
operations.
On the economic front, Philadelphia Federal Reserve chief Charles
Plosser said he isn't too concerned about recent weakness in the
housing market. At the same time, New York Fed President Bill
Dudley said the central bank will pay close attention to Wall Street's
Mid-Market Hiring Outlook Appears to Be Better
response as it eventually hikes interest rates.
"The Fed has done a good job handling expectations, but the fact is
the Fed is changing their policy every time they shake that finger at
us, the market responds negatively," Teddy Weisberg, a veteran
NYSE floor traders told FOX Business, calling the central bank the
"800 pound gorilla in the room."
a gallon. Gold slumped $2.80, or 0.21%, to $1,291 a troy ounce.
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Sensex slips 167 points - The Hindu
Business Markets
Sensex slips 167 points

PTI
The benchmark Sensex on Tuesday fell for the first time in four days and closed over 167 points down on profitbooking in power and oil & gas stocks after Prime Minister Narendra Modi assigned portfolios to his Council of
Ministers.
After gaining nearly 419 points in previous three days to close at its highest ever level, the BSE Sensex succumbed to
profit-booking in recent gainers and closed 167.37 points lower at 24,549.51 after shuttling between 24,777.31 and
24,422.33 intra-day.
Shares of RIL, GAIL, SBI, HDFC, Axis Bank, ICICI Bank, Tata Motors, Maruti and M&M were among the 21 Sensex
losers.
The 50-scrip NSE Nifty ended down 41.05 points at 7318.
Foreign institutional investors (FIIs) sold shares worth a net Rs. 84.13 crore on Monday as per provisional data.
The BSE PSU index suffered the most by losing 2.41 per cent. Sectorally, power index shed 2.14 per cent and oil & gas
sector index lost 1.92 per cent.
Auto index fell by 1.31 per cent, realty index ended 0.90 per cent down, consumer durables index slipped 0.62 per
cent, and banking index lost 0.61 per cent.
Bucking the trend, shares of IT, tech and healthcare continued their upward journey.
Keywords: Sensex, Nifty, BSE, NSE, stcok markets
Printable version | Jun 2, 2014 5:10:31 AM | http://www.thehindu.com/business/markets/sensex-slips-167points/article6053415.ece
The Hindu
www.thehindu.com/business/markets/sensex-slips-167-points/article6053415.ece?css=print
1/1
5/28/14
S&P 500 Recedes from All-Time Highs in Quiet Action | Fox Business
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The U.S. data docket is bare on the day, following a round of mostly
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upbeat news on Tuesday. Some traders eyed disappointing data
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from Germany. The unemployment total in Europe's powerhouse

economy actually increased in May, confounding economists who
expected the tally to dip.
On the corporate front, Google (GOOG) revealed details on its
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Sensex crashes 322 points, Infosys down 8 p.c. - The Hindu
Business Markets
Sensex crashes 322 points, Infosys down 8 p.c.

PTI
The NSE index Nifty dipped below the 7,300 mark by falling 94 points, or 1.28 per cent, to close at 7,235.65
The benchmark Sensex on Thursday plunged 322 points, logging its biggest single-day drop in four months, weighed
down by a sharp 8 per cent sell-off in Infosys shares after a key executive quit, amid expiry of monthly equity
derivative contracts.
The Sensex resumed lower at 24,523.13 and continued to lose momentum to touch an intra-day low of 24,206.50. It
settled at 24,234.15, down 321.94 points or 1.31 per cent; its biggest fall since the 426.11point crash on January 27.
This closing level is Sensexs lowest since 24,298.02 on May 21. It had ended higher by 6.58 points on Wednesday.
The 50-share NSE index Nifty dipped below 7,300 mark by falling 94 points, or 1.28 per cent, to close at 7,235.65
after shuttling between 7,325.40 and 7,224.40 intra-day.
It was a bad session for IT stocks led by Infosys. The Bangalore-headquartered IT giant ended 7.81 per cent lower to
end below the crucial Rs 3,000 mark for the first time since mid-September 2013 after board member and President
B G Srinivas, who was considered among the top contenders for the first non-founder CEO post, resigned from the
company.
Wipro fell by 2.63 per cent and HCL Tech, which is not a Sensex entity, slid 2.5 per cent. However, TCS rose.
Besides, expiry of May month series in the derivative contracts and persistent foreign capital outflows coupled with
mixed global cues also affected the market sentiment, pulling down the benchmark indices.
Tepid earnings from some bluechips also dashed hopes, say traders. There was also continued profitbooking in
recent outperformers such as power, oil and gas, capital goods, banking, PSUs, realty and consumer durable stocks,
they added.
www.thehindu.com/business/markets/sensex-crashes-322-points-infosys-down-8-pc/article6061606.ece?css=print
1/2
6/1/14
Sensex crashes 322 points, Infosys down 8 p.c. - The Hindu
Out of the 30-share Sensex, 22 stocks closed with losses led by Infosys, the third most influential on the barometer.
Oil refinery major Reliance Industries fell 1.42 per cent after CAG pulled up the firm for charging a rate in excess of
the government approved price for its KGD6 gas field.
Sectorally, the BSE IT sector index suffered the most by falling 3.44 per cent, followed by Tech index (2.92 per cent),
Oil and gas index (1.64 per cent). Overall, 11 of 12 indices fell while BSE Healthcare index rose.
Keywords: Sensex, BSE, NSE, Nifty, Indian stock markets, Infosys stocks
Printable version | Jun 2, 2014 5:07:28 AM | http://www.thehindu.com/business/markets/sensex-crashes-322points-infosys-down-8-pc/article6061606.ece
The Hindu
www.thehindu.com/business/markets/sensex-crashes-322-points-infosys-down-8-pc/article6061606.ece?css=print
2/2
5/31/14
Brent Crude Oil
$109.41
-0.56 -0.51%
2014.05.30 end-of-day
WTI Crude Oil
$102.71
-0.87 -0.85%
2014.05.30 end-of-day
Co mmo dities
Crud e Oil
102.71
-0.85%
Na tura l G a s
4.54
-0.37%
G a soline
3.00
-0.57%
He a ting Oil
2.88
-1.19%
G old
1245.60
-0.86%
Silve r
18.65
-1.77%
Cop p e r
3.14
-0.56%
2014.05.30 end-of-day
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Price
Change
2014.05.30 - $ 102.71
-0.87 -0.85%
1 Year Forecast
$118 / Barrel
1/2
6/3/14
Brent Crude Oil
$108.83
-0.58 -0.53%
2014.06.02 end-of-day
WTI Crude Oil
$102.47
-0.24 -0.23%
2014.06.02 end-of-day
Co mmo dities
Crud e Oil
102.47
-0.23%
Na tura l G a s
4.61
+1.52%
G a soline
2.95
-0.75%
He a ting Oil
2.88
-0.38%
G old
1243.70
-0.15%
Silve r
18.71
+0.30%
Cop p e r
3.18
+1.35%
2014.06.02 end-of-day
Add to your site
Price
Change
2014.06.02 - $ 102.47
-0.24 -0.23%
1 Year Forecast
$117 / Barrel
1/2
6/4/14
Wall Street Sputters Despite Strong Auto Sales | Fox Business

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Sensex surrenders 110 points - The Hindu
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Business Markets
Sensex surrenders 110 points

PTI
Shares of RIL, ONGC, NTPC, Maruti, M&M, L&T, ITC, Sesa Sterlite and Coal India were among 17 Sensex losers on Wednesday.
The Hindu
Snapping four days of gains, benchmark Sensex on Wednesday fell from record highs and ended 110 points down on profit-taking in
power, metal and consumer durable stocks
Snapping four days of gains, benchmark Sensex on Wednesday fell from record highs and ended 110 points down on
profit-taking in power, metal and consumer durable stocks ahead of the release of industrial output and inflation
data.
Trading was volatile and a widening of the countrys trade deficit in May amid mixed global cues also contributed to
the cautiousness in domestic markets, say dealers.
Business was also marked by a technical glitch in the BSEs index calculation system for about 20 minutes earlier.
The BSE 30-share barometer began higher and climbed to hit yet another record high of 25,735.87, but fell back due
to profit-booking. It remained in the negative zone for the rest of the session to touch a low of 25,365.65. Sensex
ended at 25,473.89, a fall of 109.80 points or 0.43 per cent.
The gauge had closed at an all-time peak of 25,583.69 after soaring to 25,711.11 in Tuesdays trade. In four days, it had
gained 777.86 points before todays drop.
Shares of RIL, ONGC, NTPC, Maruti, M&M, L&T, ITC, Sesa Sterlite and Coal India were among 17 Sensex losers.
The 50-scrip NSE Nifty after breaching the 7,700 level for the first time succumbed to profit-booking. It closed 29.55
points, or 0.39 per cent, down at 7,626.85. It had touched a low of 7,589.05 during the session.
Brokers said offloading of positions occurred ahead of the release of Consumer Price Index inflation data for May and
Index of Industrial Production data for April due Thursday.
www.thehindu.com/business/markets/sensex-surrenders-110-points/article6104454.ece?css=print
1/2
6/15/14
Sensex surrenders 110 points - The Hindu
Wholesale Price Index inflation data for May would be released on June 16.
Selling picked up after trade gap rose to a 10-month high of USD 11.23 billion in May even as exports grew 12.4
percent.
...lack of further triggers, market may see some more profit booking. High volatility may be seen, said Nidhi
Saraswat, Senior Research Analyst, Bonanza Portfolio.
Sectorally, BSE realty index suffered the most by losing 4.21 per cent, followed by consumer durable index (2.99 per
cent), Metal index (2.82 per cent), Power index (2.75 per cent) and Auto index (0.45 per cent) among others. Bucking
the trend, IT index ended 2.23 per cent higher after Infosys, TCS and Wipro rose. Healthcare index also rose 0.66 per
cent.
Keywords: Sensex close, profit-booking, volatile trade
Printable version | Jun 15, 2014 11:29:52 PM | http://www.thehindu.com/business/markets/sensex-surrenders-110points/article6104454.ece
The Hindu
www.thehindu.com/business/markets/sensex-surrenders-110-points/article6104454.ece?css=print
2/2
6/12/14
Wall Street Hit as Iraq Worries Flare Up | Fox Business

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Sensex falls most in over 4 months as Iraq unrest drives up oil - The Hindu
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Business Markets
Sensex falls most in over 4 months as Iraq unrest drives up oil

PTI
The benchmark Sensex on Friday tanked over 348 points, recording its biggest single-session drop in over four
months, on a broad-based sell off on prices of crude oil surging to nine-month high levels amid unrest in Iraq.
In addition, a depreciating rupee which was trading 44 paise, or 0.73 per cent, down at 59.69 against the U.S. dollar
in forex market, dampened equity market sentiments.
The BSE index had risen to a days high of 25,688.31 in early trade after government data on Thursday after trading
closed showed that retail inflation eased to 8.28 per cent in May and factory output growth rebounded to a 13-month
high of 3.4 per cent in April.
However, emergence of selling, spread across 11 of 12 major sectors, pushed back the Sensex to end lower by 348.04
points, or 1.36 per cent, at 25,228.17. Intra-day, it touched a low of 25,171.61.
In the 30-share index, 26 shares declined led by Axis Bank, Tata Steel and Hero MotoCorp.
Fridays drop is the biggest for the Sensex since January 27 when it had slipped 426.11 points on uncertainty ahead of
RBI meeting and a global sell-off linked to U.S. tapering fears.
The gauge had gained almost 110 points in Thursdays session on hopes of favourable IIP and retail inflation data.
Besides realty, stocks of oil and gas, power, capital goods, PSUs, consumer durables, metals and banking led losses.
Similarly, the National Stock Exchange index Nifty tumbled 107.80 points, or 1.41 per cent, to 7,542.10 after dipping
to 7,525.35. It had surged to 7,678.50 in early trade.
In the 50-share Nifty, as many as 42 constituents fell.
Markets witnessed heavy selling pressure following concerns over higher oil prices, which was trading near USD
113.86 per barrel. Rising tensions in Iraq is major reason for this sudden rise in crude oil, said Rakesh Goyal, senior
vice president, Bonanza Portfolio.
The BSE Realty index suffered the most losing 5.24 per cent as DLF, DB Realty, HDIL, Unitech, Omaxe, Oberoi Realty,
and Indiabulls Real Estate fell up to 9 per cent.
Bucking the general weakening trend, IT index ended 0.13 per cent higher with Infosys gaining 0.48 per cent.
Keywords: Sensex, Nifty, BSE
Printable version | Jun 13, 2014 6:40:49 PM | http://www.thehindu.com/business/markets/sensex-falls-most-inover-4-months-as-iraq-unrest-drives-up-oil/article6111590.ece
The Hindu
www.thehindu.com/business/markets/sensex-falls-most-in-over-4-months-as-iraq-unrest-drives-up-oil/article6111590.ece?homepage=true&css=print
1/1
7/14/2014
Sensex tanks 275 points on fears of costlier oil - The Hindu
Business Markets
Sensex tanks 275 points on fears of costlier oil

PTI
The BSE benchmark Sensex on Wednesday plunged about 275 points to close at 25,246.25 on across-the-board selling
as costlier oil due to rising conflict in Iraq threatens to hurt the India economy that is already battling price rise and
slowing growth.
World stocks were muted as investors waited for an update on the US economy later tonight from the Federal Reserve
following its two-day policy meeting where it is widely expected to cut monthly stimulus further by $ 10 billion.
In energy trading, benchmark crude oil for July delivery added 41 cents to $ 106.77 in electronic trading on the New
York Mercantile Exchange after militants pressing a major offensive in Iraq attacked the countrys biggest oil refinery.
In India, state-run oil companies stocks came under pressure on fears that rising oil prices in the global market would
raise subsidy burden. Shares of BPCL, HPCL and Indian Oil Corp slumped up to 4.82 per cent.
The 30-share index, after showing volatile movements during the session on alternate bouts of buying and selling,
finally settled 274.94 points, or 1.08 per cent, lower at 25,246.25. It shuttled between 25,609.28 and 25,114.30. The
gauge swing nearly 500 points during the session.
On Tuesday, it had risen 330.71 points, or most in nearly two weeks.
After markets closed on Tuesday, government unveiled a host of steps to tame inflation that has soared to a fivemonth high of 6.01 per cent in May.
Barring healthcare, all the sectoral indices today led by realty, power, consumer durables and oil and gas ended in
negative zone with losses up to 2.10 per cent.
The 50-scrip National Stock Exchange index Nifty ended 73.50 points, or 0.96 per cent, lower at 7,558.20 after rising
to 7,663.00 in early trade.
Shares of RIL fell 2.12 per cent to Rs 1,066.80 despite big-bang investment announcements at its 40th AGM.
Other prominent losers include BHEL, SBI, L&T, Coal India, HDFC Ltd, HDFC Bank and TCS.
Bucking the general trend, Cipla, Dr Reddys and Hindalco among others ended higher.
Keywords: Sensex, Stock market, Iraq crisis, Oil markets, BSE,
Printable version | Jul 14, 2014 5:12:19 PM | http://www.thehindu.com/business/markets/sensex-tanks-275-pointson-fears-of-costlier-oil/article6126601.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-tanks-275-points-on-fears-of-costlier-oil/article6126601.ece?css=print
1/2
7/14/2014
Ouch. Dow sinks over 100 points - Jun. 24, 2014
U.S.
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Ouch. Dow sinks over 100 points

By Ben Rooney @ben_rooney June 24, 2014: 4:25 PM ET
Recom m end
51
146
35
94
12
TOTAL SHARES
NEW YORK (CNNMoney)
So much for another record-setting day. The stock market's early gains evaporated like Italy's chances in the World Cup.
The Dow Jones industrial average ended the day down 119 points (0.7%). It was the biggest one-day percentage drop for the
Dow in over a month. There was hope that the Dow would cross 17,000 for the first time this week. It's now down at 16,818.
The S&P 500 and the Nasdaq both fell as well.
The reversal came as Italy suffered a biting defeat to Uruguay in the World Cup, ending the Italian team's hopes of advancing
in the global soccer tournament.
Economic news not good enough? A key measure of consumer sentiment rose to the highest level since January 2008. The
Conference Board's index of consumer confidence increased to 85.2 in May from 82.2 in April, suggesting that Americans
remain optimistic about the economy. But it wasn't enough to lift stocks.
Home prices nationwide continued to rise in April. The S&P/Case-Shiller index measuring the value of residential real estate
in 20 U.S. cities increased 1.1%. Separately, the government said sales of new homes rose more than 18% in May from April.
"The new home sales data and consumer confidence were very, very strong," said Randy Frederick, a managing director at the
Schwab Center for Financial Research. "The market is not rallying in a big way, but given the run we've had that's not
surprising."
Related: Will the Dow crack 17,000 this week?
Stocks to watch -- Buffalo Wild Wings, Carnival, Walgreens: The World Cup has been good for business at Buffalo Wild
Wings (BWLD), according to one analyst. Shares of the sports-themed restaurant chain jumped 6% Monday after an analyst at
http://money.cnn.com/2014/06/24/investing/stocks-markets/
1/3
7/14/2014
Ouch. Dow sinks over 100 points - Jun. 24, 2014
Wunderlich Securities increased his price target for shares after seeing all the standing room only crowds for at "B-dubs" at
recent games. But the stock fell 2.4% Tuesday as the enthusiasm waned.
World Cup GOOAL for Buffalo Wild Wings!

Carnival Corp (CCL)reported quarterly results that topped expectations, but the company's forecasts for the rest of the year
weren't as rosy. The stock dropped 3%. The cruise line operator blamed fuel prices and currency exchange rates, which it said
will reduce earnings full-year by 6 cents per share.
Walgreens (WAG) said earnings rose nearly 16% in the first quarter, but the results missed analysts' expectations. Shares fell
more than 1%.
You might not have heard of Vertex Pharmaceuticals (VRTX), but it's worth looking up today. Shares soared 40% after the
company said a study of its cystic fibrosis drug produced positive results.
Groupon (GRPN) was another company that managed to avoid the discount slashing today. Shares were up 4.5% on an upbeat
analyst report.
Dubai enters bear market. Stocks in Dubai have been battered by concerns about the growing turmoil in Iraq, where
insurgents have been gaining ground in the oil-rich nation. Shares of Arabtec --a major construction company responsible for
building the Burj Khalifa -- have also been sinking, adding more concern about the Dubai market.
The Dubai DFM General index plunged more than 6% overnight. It was the worst one-day drop since October 2008, according
to a note from analysts at ETX Capital. The index is down more than 22% so far this month, putting the Persian Gulf Emirate in
a bear market.
"There is a possibility that traders are liquidating positions as a result of the current situation in Iraq which has eaten at
sentiment in the Emirate region," the analysts wrote.
Abe lets another arrow fly in Japan: Japan's government has released details on the third and final phase of Prime Minister
Shinzo Abe's ambitious plan to jolt the country's economy out of stagnation. Companies may pay less tax as a result, but the
response in the stock market was muted. The Nikkei ended flat.
Related: Fear & Greed Index still extremely greedy
European markets ended mixed.
The ruble and Moscow stock index were stronger, continuing their recovery from sharp losses earlier this year as fears about
an escalation of the crisis in Ukraine fade. A ceasefire between government forces and pro-Russian separatists declared last
Friday appears to be holding. Sentiment was also improving after Abbott Laboratories (ABT) said Monday it would buy
Russian pharmaceutical company Veropharm for as much as $495 million, underlining the waning threat of sanctions.
2/3
7/14/2014
Sensex drops 251 points as oil, gas scrips slip on price decision - The Times of India
The Times of India
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Times of India.
Sensex drops 251 points as oil, gas

scrips slip on price decision
PTI | Ju n 26, 2014, 04.58PM IST
4
Recom m end
22
Tw eet
MUMBAI: The benchmark sensex on Wednesday fell about 251

points, posting its biggest drop in six days, as shares of ONGC
and Reliance Industries skidded after a decision to hike natural
gas prices was deferred and investors adopted a cautious stance
on expiry of monthly derivative contracts.
The BSE sensex resumed lower at 25,217.69 points and
continued to lose momentum to touch an intra-day low of
25,021.23. It settled at 25,062.67, down 251.07 points, or 0.99
per cent. It had lost 55.16 points on Wednesday. The index's
drop on Thursday was its steepest since 274.94-point fall on
June18.
Sen sex today fel l abou t 251 poi n ts, posti n g

i ts bi ggest drop i n si x day s.
Out of the 30-share sensex, 18 stocks closed with losses led by oil and gas stocks, while 12 others
ended higher.
SPOTLIGHT
The 50-share NSE index Nifty dipped below the crucial 7,500 mark by losing 76.05 points, or 1
per cent, at 7,493.20 after shuttling between 7,570.20 and 7,481.30 intra-day.
The Bullet Train of Thought
"Overall market sentiment was hit as the government decided to defer revision in gas prices for
three months. This has been taken negatively by the market, as it was contrary to the general
expectations," said Rakesh Goyal, Senior Vice President, Bonanza Portfolio.
Shares of state-run ONGC plunged by 5.89 per cent and RIL fell 3.70 per cent. Oil marketing
companies BPCL, HPCL and Indian Oil too were under selling pressure.
Expiry of June month series in the equity derivative contracts and fresh selling by foreign funds
also affected the market sentiment, dragging down the benchmark indices.
Bullet trains: Should India

spend Rs 60K-cr on the proj?
"Sentiment further deteriorated after an update on weak monsoon by IMD," said Jayant
TIMES POINTS EARNED
Manglik, President-retail distribution, Religare Securities.
For an organization that is synonymous

with sluggish trains, bullet trains are
nothing short of a leap into the future for
the Indian Railways.
India likely to get its 1st bullet train by
2022: Arunendra Kumar, Railway Board
French companies evince keen interest in
bullet train project
Automobile stocks, however, remained firm after the government yesterday extended excise duty
concessions by six months, and capped the fall in the benchmark sensex. Maruti Suzuki, Bajaj
Auto, Hero MotoCorp, M&M ended higher.
Recent outperformers in realty, PSU, metals, banking and power space saw selling. Sectorwise,
the BSE oil and gas sector index suffered the most by plunging 3.88 per cent, followed by realty
index (2.74 per cent) among others.
Meanwhile, Foreign Portfolio Investors (FPIs) bought shares worth Rs 694.63 crore on
Wednesday, as per provisional data from the stock exchanges.
All
TOI
My Profile
http://timesofindia.indiatimes.com/business/india-business/Sensex-drops-251-points-as-oil-gas-scrips-slip-on-price-decision/articleshow/37255792.cms
1/4
6/30/2014
Brent Crude Oil
$112.36
-0.94 -0.84%
2014.06.30 end-of-day
WTI Crude Oil
$105.37
-0.37 -0.35%
2014.06.30 end-of-day
Co mmo dities
Crud e Oil
105.37
-0.35%
Na tura l G a s
4.46
+1.17%
G a soline
3.08
-0.71%
He a ting Oil
2.97
-0.90%
G old
1321.80
+0.21%
Silve r
21.01
-0.33%
Cop p e r
3.19
+1.22%
2014.06.30 end-of-day
Add to your site
Price
Change
2014.06.30 - $ 105.37
-0.37 -0.35%
1 Year Forecast
$121 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/2
7/3/2014
Brent Crude Oil
$111.24
-1.05 -0.94%
2014.07.02 end-of-day
WTI Crude Oil
$104.48
-0.86 -0.82%
2014.07.02 end-of-day
Co mmo dities
Crud e Oil
104.48
-0.82%
Na tura l G a s
4.36
-2.25%
G a soline
3.02
-0.42%
He a ting Oil
2.95
-1.09%
G old
1330.70
+0.32%
Silve r
21.25
+0.88%
Cop p e r
3.25
+1.89%
2014.07.02 end-of-day
Add to your site
Price
Change
2014.07.02 - $ 104.48
-0.86 -0.82%
1 Year Forecast
$120 / Barrel
1/2
7/3/2014
Brent Crude Oil
$111.00
-0.24 -0.22%
2014.07.03 end-of-day
WTI Crude Oil
$104.06
-0.42 -0.40%
2014.07.03 end-of-day
Co mmo dities
Crud e Oil
104.06
-0.40%
Na tura l G a s
4.41
+1.11%
G a soline
3.02
He a ting Oil
2.93
-0.60%
G old
1320.40
-0.78%
Silve r
21.09
-0.78%
Cop p e r
3.27
+0.38%
2014.07.03 end-of-day
Add to your site
Price
Change
2014.07.03 - $ 104.06
-0.42 -0.40%
1 Year Forecast
$119 / Barrel
1/2
7/7/2014
Oil - longest losing streak in 4 1/2 years | Fox Business

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lower
Brent crude oil steadied under $111 a barrel on Monday, just above a
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ports closed for nearly a year.

Share
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0
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The North Sea oil benchmark dropped 2.3 percent last week, its
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biggest weekly decline since January, on the Libyan news and as
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Iraq's oil exports have remained largely unaffected by fighting in the

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opposing US trade
embargo against
north of the country.
Havana
5 factors that are
Supply of oil to several major markets, including Europe, remains
giving the US an
ample at a time when demand for several light oil products such as
edge over other
gasoline and diesel has been fairly sluggish.
major economies
German industrial output logged its biggest drop in more than two
Greater sage
years in May, data showed on Monday, dampening fuel consumption
grouse, an obscure
bird known for its
in Europe's biggest economy.
mating dance, could

help seal Senate's
"Aside from fading Iraq fears and the possible return of some Libyan
fate
volumes, key light product and distillate (margins) have been
New York officials

consider releasing
weakening," said Michael Wittner, oil analyst at French bank Societe
details of crude oil
Generale.
train shipment after

federal order
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Brent was up 5 cents at $110.69 a barrel by 1245 GMT after reaching
Jobs Reports
a three-week low of $110.40. U.S. oil fell 15 cents from Thursday to

$103.91 a barrel. Friday, July 4, was a public holiday in the United
States.
Libya's state-run National Oil Corp lifted force majeure from the major
eastern Ras Lanuf and Es Sider oil ports after rebels agreed last
Unemployment rate drops to 6.1%

in June
week to end a blockade.
June Jobs Report Blow s Past Expectations

Construction Jobs Hit Five-Year High
The two ports had been exporting about 500,000 barrels per day
(bpd) of crude, still a long way below the 1.4 million bpd that the
OPEC producer pumped in the second quarter of last year, before
MOST POPULAR STOCKS
+0.82%
protests started.
AAPL
APPLE INC.
Jul 7
"If the agreement holds, it will take some time, probably a week or
+0.12%
two, to inspect both the oilfields and the export facilities for damage
and to complete any required maintenance or repairs," Societe
Generale's Wittner said.
But fighting in Iraq and Ukraine is likely to underpin oil prices, traders
say. Brent hit this year's high above $115 in June when conflict broke
FORD MOTOR CO...
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EXXONMOBIL CO...
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out in northern Iraq.
94.80
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52.83
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41.89
9:56 AM
Iraq's parliament is deadlocked over the formation of a new

government. Shi'ite Muslim cleric Moqtada al-Sadr has urged Prime
Minister Nuri al-Maliki's coalition to withdraw its support for his bid for
a third term and pick another candidate.
In Ukraine, the government retook Slaviansk in what President Petro
Poroshenko called a turning point in the fight for control of the
country's east.
International Monetary Fund chief Christine Lagarde said on Sunday
that global economic activity should strengthen in the second half of
the year and accelerate in 2015, although momentum could be
weaker than expected, hinting at a slight cut in the IMF's growth
forecasts.
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[What's This?]
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Tumbling Tech Stocks Weigh on Wall Street | Fox Business

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NEW YORK (AP) -- Investors unloaded all manner of stocks Tuesday
Print
as they wait for corporate earnings reports to help them determine
Em ail
whether a recent run-up in the market is justified. Internet companies

Share
bore the brunt of the selling.

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It was the second day of broad declines following record closes for
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major U.S. indexes last week. The Dow Jones industrial average fell
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below 17,000, a level it topped Thursday for the first time in its 118year history. The technology-weighted Nasdaq composite fell 1.4
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Among the biggest losers were Twitter and Pandora Media, a music
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stock, closures
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Randy Frederick, managing director of trading and derivatives at the
What's this?
Schwab Center for Financial Research, says the selling this week is
Morning Biz Outlook
not surprising given the S&P 500's near tripling in price since the
current bull market began in 2009, and also given the fact that it has
lasted more than five years, making it the fourth longest since World
War II.
"The longer it gets out of line with historical patterns," he says, "the
closer we get to fizzling out."
More Am ericans Cutting Phone Cords

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Vitacost
As companies begin reporting second-quarter earnings this week,

investors will be looking for signs that the strengthening U.S. economy
has translated into a surge in profits. Expectations are for a 6.6
percent gain over the year earlier, double the increase in the first
quarter, according to S&P Capital IQ, a research firm.
On Tuesday, the Dow index fell 117.59 points, or 0.7 percent, to close
at 16,906.62. The Nasdaq fell 60.07 points to 4,391.46. The S&P 500
lost 13.94 points, or 0.7 percent, to 1,963.71.
Among S&P 500 sectors, telecommunications companies fell the
most, 1.5 percent.
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Steven Ricchiutto, senior economist at Mizuho Securities, thinks signs

that the global economy is slowing have added to investor jitters. On
Tuesday, Germany reported that exports fell more than expected in
May and the United Kingdom said manufacturing output dropped 1.3
percent that month.
"The global economy is taking a hit today," Ricchiutto says. "Global
growth is decelerating. It may actually be stalling."
Germany's DAX stock index fell 1.3 percent on Tuesday and Britain's
FTSE 100 dropped 1.2 percent.
The U.S. earnings reporting season got started after the closing bell
Tuesday when aluminum maker Alcoa reported results that were
better than investors were expecting. Wells Fargo, the No. 1 home
mortgage lender in the U.S., reports on Friday.
Companies were hit hard in the first quarter by cold winter weather.
But financial analysts expect earnings growth to accelerate for the rest
of the year, topping 11 percent in the fourth quarter.
Among stocks making big moves Tuesday, drugmaker AbbVie fell
$1.71, or 3 percent, to $55.69 following news that it raised its offer to
buy another drug company, Shire. The target, known for its raredisease drugs, has rejected three AbbVie offers.
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U.S. government bond prices rose. The yield on the 10-year Treasury
note fell to 2.56 percent from 2.61 percent late Monday.

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7/14/2014
Sensex drops 518 points on profit-taking - The Hindu
Business Markets
Sensex drops 518 points on profit-taking

PTI
The Hindu
Retreating from record highs, the benchmark Sensex plunged 518 points, its worst drop in 10 months, on massive
profit-booking across sectors even as Railway Budget proposed attracting FDI in infrastructure projects.
After gaining 276.33 points in previous two days to close above the 26,000 level, the BSE Sensex succumbed to profitbooking in recent gainers and closed 517.97 points, or 1.98 per cent, lower at 25,582.11. Intra-day, it hit a new record
high of 26,190.44 but failed to maintain the levels.
Tuesdays drop was the biggest since the 651-point crash on September 3, 2013.
On Monday, the 30-share benchmark index had ended at its new closing peak of 26,100.08 after touching high of
26123.55.
Among the Sensex constituents, on Tuesday 28 ended lower. BHEL (8.16 pc), NTPC (5.36 pc), Tata Power (5.04 pc)
and Coal India (4.96 pc) led the laggards in bluechips. ONGC, RIL, GAIL, SBI, Axis Bank, Bajaj Auto, Dr Reddy, Hero
Moto, Tata Steel and Hindalco were among those counters that slumped.
The NSE Nifty, after breaching the 7,800 mark to scale an all-time high of 7,808.85 at the outset, succumbed to
masssive profit-booking to close 163.95 points, or 2.11 per cent, down at 7,623.20. It had gained over 72 points in past
two days.
Share prices of companies that cater to the railway sector came under pressure and some logged losses of up to 20 per
cent despite important announcements made by Railway Minister Sadananda Gowda in his maiden rail budget.
Prominent losers included shares of Texmaco Rail, Titagarh Wagons, Kalindee Rail Nirman and Container Corp.
As Railway Budget for FY15 gets over, focus will now shift to Union Budget to be presented on July 10. Market
volatility is likely to continue in this week, as Budget highlights shall be impacting sector specific action, said Nidhi
Saraswat, Senior Research Analyst, Bonanza Portfolio.
Besides, a weak Asian trend and lower opening in Europe dampened the trading sentiments.
http://www.thehindu.com/business/markets/sensex-drops-518-points-on-profittaking/article6189907.ece?css=print
1/2
7/14/2014
Sensex drops 518 points on profit-taking - The Hindu
Foreign Portfolio Investors bought shares worth a net Rs 198.57 crore on Monday, as per provisional data.
Sectorally, the BSE Realty index suffered the most by losing 7.16 per cent, followed by Power index which fell 6.37 per
cent. The thematic PSU index also fell 4.92 per cent.
Selling activity also gathered momentum in small and mid-cap sector stocks. Small-cap index lost 4.19 per cent and
Mid-cap index fell 3.63 per cent.
Keywords: Sensex, Railway Budget, Profit taking, Realty Index
Printable version | Jul 14, 2014 5:06:36 PM | http://www.thehindu.com/business/markets/sensex-drops-518-pointson-profittaking/article6189907.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-drops-518-points-on-profittaking/article6189907.ece?css=print
2/2
7/14/2014
Ugly day for stocks. Tech leads sell-off - Jul. 8, 2014
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Ugly day for stocks. Tech leads sell-off

By Jesse Solomon @JesseSolomonCNN July 8, 2014: 4:19 PM ET
Recom m end
244
260
78
156
18
TOTAL SHARES
NEW YORK (CNNMoney)
It might be a big World Cup day, but in the stock market, it was "World Slump" day.
Here are the key talking points:
1. Bad day for stocks: All three major U.S. indexes retreated with the Nasdaq losing 1.35%. This was the 30th trading day so far
this year that the Nasdaq has moved more than 1% up or down.
The Dow Jones Industrial Average lost 118 points (0.7%) and the S&P 500 sunk 0.7%. There was a lot of excitement about the
Dow cresting over 17,000 last week, but it finished the day a notch above 16,900.
Meanwhile volatility is creeping back into the market. CNNMoney's Fear and Greed Index, which tracks seven indicators of
market sentiment, has moved from "extreme greed" into "greed."
Some of the pessimism could simply have been investors realizing their gains after the recent stock market rally. But there are
deeper concerns about company valuations and whether the Federal Reserve will raise interest rates sooner rather than later.
2. Tech takes beating: Tuesday's sell-off was most pronounced in the tech world, where some of the big so-called momentum
stocks pulled back. CNNMoney's Tech 30 Index ended down 2.1%, with Twitter (TWTR, Tech30) as its most unfortunate
victim. Shares of the microblogging service tanked over 7% Tuesday.
"$TWTR is done. Take the money and run very fast," said MickeTrader on StockTwits.
Linkedin (LNKD, Tech30),Facebook (FB, Tech30), Netflix (NFLX, Tech30), and Amazon (AMZN, Tech30) also lost big.
3. Earnings season is here! Alcoa (AA) unofficially kicked off earnings season Tuesday when it released its second quarter
1/3
7/14/2014
Ugly day for stocks. Tech leads sell-off - Jul. 8, 2014
results after the bell. So far, so good. The aluminum producer rose in after hour trading after it beat analyst estimates.
Related: Corporate profits: Can they keep going and going?
With the S&P 500 index already up 6% this year, investors will be looking closely to see whether corporate profits can support
stocks and to what extent markets have been relying on cheap money from the Federal Reserve to push indexes to new
records.
Second quarter earnings are expected to grow 4.9% compared to the same period last year, though that estimate is down from
the 6.8% prediction at the start of the quarter, according to data from FactSet.
Related: Fear & Greed Index in greed
4. Other movers: More drama at American Apparel: Shares of American Apparel (APP) plunged after the struggling company
warned it received a notice of default from a lender related to last month's ouster of founder and CEO Dov Charney.
However, American Apparel disputed that default claim and is exploring ways to tap its revolving credit facility to repay the
lender. The New York Post reported American Apparel has reached a preliminary deal to transfer control of the board to a
hedge fund aligned with Charney.
Also on the fashion front, Guess (GES) rallied -- up almost 4% -- after the retailer was upgraded by analysts at Piper Jaffray,
who pointed to strength in the company's European business.
#Problem: Smartphone users abandon Samsung

5. No help from overseas: European markets were weaker, with airline and banking stocks under pressure. Air France KLM
(AFLYY)cut its earnings forecast due to overcapacity on routes to North America and Asia. In that vein, Delta Air Lines (DAL)
dipped again. The stock is down over 9% in the past week after the company released revenue figures that showed weakness
on certain overseas routes.
Some bank stocks took a hit from a New York Times report saying Germany's Commerzbank (CRZBF) and Deutsche Bank (DB)
are next in line for punishment by U.S. authorities. Sentiment was also soured by weaker than expected German export data
for May.
Asian markets ended mixed.
South Korean-based Samsung warned that revenue and profit will fall in the second quarter as the company struggles to find
new smartphone buyers in an already saturated market. The electronics maker warned that operating profit could fall to 7
trillion won ($6.9 billion) -- a 26% decline from the previous year.
CNNMoney reporter Matt Egan contributed to this report.
2/3
7/8/2014
Brent Crude Oil
$108.94
-1.30 -1.19%
2014.07.08 end-of-day
WTI Crude Oil
$103.40
-0.13 -0.13%
2014.07.08 end-of-day
Co mmo dities
Crud e Oil
103.40
-0.13%
Na tura l G a s
4.20
-0.50%
G a soline
2.97
-0.54%
He a ting Oil
2.87
-1.42%
G old
1316.00
-0.04%
Silve r
20.97
Cop p e r
3.24
-0.17%
2014.07.08 end-of-day
Add to your site
Price
Change
2014.07.08 - $ 103.40
-0.13 -0.13%
1 Year Forecast
$118 / Barrel
1/2
7/10/2014
Stocks Slide Amid Worries Over Europe | Fox Business
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By Matthew Rocco / Pub lished July 10, 2014 / FOXBusiness
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Can Credit Card
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16915, the S&P 500 dropped 8.15 points, or 0.41%, to 1964, and the
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Nasdaq Composite slipped 22.83 points, or 0.52%, to 4396.
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A subsidiary of Banco Esprito Santo reportedly missed a coupon

payment on short-term debt, sparking concerns about the eurozone
countrys banking sector. The news reports sent Banco Esprito
Second of 3
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bodies hoisted from
across the 18-member currency bloc down around 2%.
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debt, with the yield on the countrys benchmark 10-year bonds
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The ripple effect to the entire European bank sector is clearly
What's this?
s
evident, Peter Boockvar, chief market analyst at The Lindsey Group,
Morning Biz Outlook
wrote in a note to clients, pointing to the widening periphery spreads

and steep drops among eurozone bank stocks.
Reports on industrial production in Europe helped fuel concerns over
the regions economic recovery. Italy, France and the Netherlands
each saw industrial production contract in May, while Italy fell the most
since November 2012. Earlier this week, Germany said industrial
Know Before the Bell: Oil, Sam sung and Your

Expensive Breakfast
production in the eurozones largest economy booked its sharpest
7-Eleven Dishing Out Freebies
decline in two years.

Investors took cover in German and U.S. debt, sending the borrowing
costs on those two issues falling, in a move that was reminiscent of
the eurozone debt crisis. The yield on the benchmark 10-year
Treasury note dropped 0.04-percentage points to 2.51%. Traders
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The CBOEs volatility index climbed roughly 9% after touching its
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A better-than-expected report on initial jobless claims and wholesale

inventories that met expectations helped Wall Street pare some of its
losses.
The U.S. Department of Labor said the number of Americans filing for
first-time unemployment benefits fell 11,000 to 304,000 during the
week ended July 5. Economists expected jobless claims to remain
level at 315,000.
Wholesale inventories rose 0.5% in May, matching estimates.
Excluding automobiles, inventories were up 0.3%. Economists will
factor in the report when making projections for gross domestic
product.
In commodities, West Texas Intermediate crude oil settled 64 cents
higher at $102.93 a barrel. Earlier in the session, U.S. oil futures were
on pace to complete their longest losing streak in 30 years.
Wholesale New York Harbor gasoline climbed 0.7% to $2.95 a gallon.
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Sensex closes 72 pts down at two-week low - The Hindu
Business Markets
Sensex closes 72 pts down at two-week low

Oommen A. Ninan
A stock broker in a Mumbai stock broker's office, watches the wide fluctuations in the BSE. The Sensex saw wide fluctuations on the day of The Hindu
the Union Budget 2014-15. Photo: Vivek Bendre
Highly volatile trading marked the day as the new BJP-led government presented its first Union Budget on Thursday.
Stock indices recorded losses as market participants resorted to profit-booking, even as the rupee tumbled below the
60-mark against the dollar.
The S&P BSE Sensex closed at 25372.75 with a loss of 72.06 points. The benchmark index touched an intra-day high
of 25920.46 and a low of 25117.
Even though BSE-100 lost 0.01 per cent, BSE-200 was up by 0.05 per cent and BSE-500 0.10 per cent.
Mid-cap stocks also ended in the positive territory with a gain of 0.60 per cent and small-cap was up by 0.76 per cent.
On the National Stock Exchange (NSE), the 50-share Nifty closed at 7567.75 with a loss of 17.25 points.
Rupee tumbles
Moving in tandem with equities, the rupee on Thursday tumbled 44 paise, posting its biggest drop in nearly a month,
to end at 60.19 against the dollar. A firm dollar overseas and demand for the U.S. currency from importers weighed
on the rupee, dealers said. At the inter-bank foreign exchange market, the rupee commenced strong at 59.63 and
improved further to a high of 59.57 on sustained dollar selling by exporters. However, late profit-booking in domestic
stocks ulled it down to a low of 60.22 before settling at an almost three-week low of 60.19.
Keywords: Union Budget 2014-15, Union Finance Minister Arun Jaitley, Sensex, Nifty, BSE, NSE
Printable version | Jul 14, 2014 5:09:40 PM | http://www.thehindu.com/business/markets/sensex-closes-72-ptsdown-at-twoweek-low/article6197155.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-closes-72-pts-down-at-twoweek-low/article6197155.ece?css=print
1/2
7/14/2014
Sensex tanks 348 points, worst weekly loss since Dec 2011 - The Hindu
Business Markets
Sensex tanks 348 points, worst weekly loss since Dec 2011
PTI
The benchmark Sensex on Friday erased initial gains to plunge over 348 points, posting its worst weekly loss in over
two and a half years, on disappointment over the Union Budget and fresh debt concerns in Portugal.
Stock markets had opened on a strong note with the 30-scrip Sensex touching a high of 25,548.33 points in early
trade on better-than-expected results from IT major Infosys.
However, lingering concerns over Eurozone debt resurfaced as reports said Portugals biggest listed bank missed debt
payments, triggering a sell-off, brokers said.
As a result, the BSE Sensex dipped below the 25,000 mark to touch days low of 24,978.33 on across-the-board profit
booking by participants. The barometer closed with a hefty fall of 348.40 points, or 1.37 per cent, at 25,024.35. The
gauge has now shed 1,075.73 points in four straight sessions.
For the week, Sensex has fallen by about 3.61 per cent or 937.71 points its sharpest weekly loss since December
2011.
Strong selling pressure was seen in sectors like realty, oil & gas, power, capital goods and PSU stocks that had
outperformed in the run up to the Union Budget, brokers said.
Markets are disappointed on the fiscal consolidation front. Budget didnt speak anything about rationalization of
subsidies which was widely expected by most market players, said Rakesh Goyal, Sr. Vice President, Bonanza
Portfolio.
The 50-share Nifty of the National Stock Exchange slipped below the crucial 7,500 mark by losing 108.15 points, or
1.43 per cent, to settle at 7,459.60.
During the session, Nifty shuttled between 7,625.85 and 7,447.20. For the week, Nifty lost about 3.8 per cent its
http://www.thehindu.com/business/markets/sensex-tanks-348-points-worst-weekly-loss-since-dec-2011/article6200958.ece?css=print
1/2
7/14/2014
Sensex tanks 348 points, worst weekly loss since Dec 2011 - The Hindu
biggest weekly loss in nearly 16 months.

Fears over the health of Portugals largest listed bank, Banco Espirito Santo, rattled stock markets in Europe and
across the Atlantic, said fund managers.
Investors have also been seen booking profits since the Indian market climbed to all-time highs. Caution prevailed
ahead of IIP data for May this evening.
Major Sensex losers include Hindalco Industries, SBI, Axis Bank, ICICI Bank, RIL, ONGC, GAIL India, L&T and
NTPC.
Sectorally, the BSE Realty sector index suffered the most losing 5.16 per cent, followed by Capital Goods 4.75 per cent,
Power index 4.54 per cent and Metal index 3.69 per cent.
Keywords: Sensex, Indian stock markets, NIFTY, BSE
Printable version | Jul 14, 2014 5:08:27 PM | http://www.thehindu.com/business/markets/sensex-tanks-348-pointsworst-weekly-loss-since-dec-2011/article6200958.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-tanks-348-points-worst-weekly-loss-since-dec-2011/article6200958.ece?css=print
2/2
7/12/2014
Brent Crude Oil
$106.66
-2.01 -1.88%
2014.07.11 end-of-day
WTI Crude Oil
$100.83
-2.10 -2.08%
2014.07.11 end-of-day
Co mmo dities
Crud e Oil
100.83
-2.08%
Na tura l G a s
4.15
+0.63%
G a soline
2.91
-1.69%
He a ting Oil
2.86
-1.13%
G old
1337.00
-0.13%
Silve r
21.41
-0.22%
Cop p e r
3.26
2014.07.12 end-of-day
Add to your site
Price
Change
2014.07.12 - $ 100.83
-2.10 -2.08%
1 Year Forecast
$115 / Barrel
1/2
7/15/2014
Brent Crude Oil
$106.02
-0.96 -0.91%
2014.07.15 end-of-day
WTI Crude Oil
$99.96
-0.95
-0.95%
2014.07.15 end-of-day
Co mmo dities
Crud e Oil
99.96
-0.95%
Na tura l G a s
4.10
-1.22%
G a soline
2.90
-0.91%
He a ting Oil
2.86
-0.61%
G old
1296.90
-0.72%
Silve r
20.84
-0.11%
Cop p e r
3.24
2014.07.15 end-of-day
Add to your site
Price
Change
2014.07.15 - $ 99.96
-0.95 -0.95%
1 Year Forecast
$114 / Barrel
1/2
7/21/2014
Wall Street Slips on Geopolitical Tensions | Fox Business
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NEW YORK (AP) -- The stock market started the week with a slight
loss on Monday as investors weighed a mixed batch of corporate
earnings against mounting political turmoil.
Share
European leaders called for imposing tougher sanctions on Russia for
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In Washington, President Barack Obama demanded that international

investigators get full access to the crash site and said the separatists
had blocked investigators.
"It looks like we hit a speed bump," said Jack Ablin, chief investment
Small business gets

back to its roots of
family and
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officer at BMO Private Bank in Chicago. "Earnings are coming

through quite nicely so far, but geopolitics trump earnings today."
The Standard & Poor's 500 index fell 4.59 points, or 0.2 percent, to
close at 1,973.63. Seven of the 10 industry groups fell, led by retailers MORE FROM FOX BUSINESS
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and other consumer-discretionary companies.
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The Dow Jones industrial average fell 48.45 points, or 0.3 percent, to
17,051.73, while the Nasdaq composite lost 7.44 points, or 0.2
percent, to 4,424.70.
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European markets ended lower. Germany's DAX dropped 1.1

percent while France's CAC-40 lost 0.7 percent. Britain's FTSE 100
slipped 0.3 percent.
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Time to Put Up or
A few well-known companies turned in results that fell short of
Shut Down
estimates on Monday. The toy maker Hasbro reported secondquarter earnings and revenue that came in below analysts' targets.
Rising sales of My Little Pony, Transformers and other toys weren't
Comic-Con offers
enough to stem a decline in sales of games such as Twister. Hasbro's
Mattel collectible
toy designers a
stock sank $1.43, or 2.7 percent, to $51.78.
chance to go wild
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7/21/2014
Six Flags Entertainment posted higher profits and sales in the second
What's this?
quarter, but the theme-park operator's revenue came up short of what
Morning Biz Outlook
analysts had expected, partially a result of sluggish attendance. Six

Flags slumped $1.69, or 4.1 percent, to $39.31.
Despite the dour news, the second-quarter earnings season is off to a
strong start: Of the 88 companies that have reported results so far, 58
have beaten analysts' estimates.
RLJ Lodging Trust buys Hyatt

Atlanta Midtown for $49.5M
Nearly a third of the companies in the S&P 500 index will hand in their
Mid-Market Report: RLJ Buys Hyatt Hotel in

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quarterly results this week, including such heavyweights as Apple on
World Cup Boosts Google Earnings, Geopolitical

Tensions in Focus
Tuesday, Boeing on Wednesday and Amazon on Thursday.

In other trading on Monday, benchmark U.S. crude oil rose $1.46 to
$104.59 a barrel on the New York Mercantile Exchange. In the market
for U.S. government bonds, the yield on the 10-year Treasury note
slipped to 2.47 percent from 2.48 percent late Friday.
Among other companies in the news, Yum Brands fell $3.29, or 4.3
percent, to $74.13 amid a new food-safety scare in China. The
operator of KFC and Pizza Hut restaurants said its stores in China
stopped buying products from a Shanghai supplier, while local
officials investigate allegations that the supplier repackaged old beef
and chicken and stamped new expiration dates on them.
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Jul 21
4:00 PM

California couple faces fine for brow n law n after
com plying w ith w ater-saving rules
Thor is now a w om an
I Repaid Old Debt and IRS Thought it Was a Refund--What
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Carrie Underw ood show s off new side in upcom ing
album
Stephen King and Nora Roberts am ong hundreds of
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Crude oil price steady as investors m onitor
insurgency's im pact on Iraq's southern oil fields
[What's This?]
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$1M for lunch with the

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3/3
7/22/2014
Brent Crude Oil
$107.33
-0.35 -0.33%
2014.07.22 end-of-day
WTI Crude Oil
$104.42
-0.17 -0.16%
2014.07.22 end-of-day
Co mmo dities
Crud e Oil
104.42
-0.16%
Na tura l G a s
3.77
-2.04%
G a soline
2.88
-0.37%
He a ting Oil
2.85
G old
1306.10
-0.58%
Silve r
20.96
Cop p e r
3.20
+0.28%
2014.07.22 end-of-day
Add to your site
Price
Change
2014.07.22 - $ 104.42
-0.17 -0.16%
1 Year Forecast
$120 / Barrel
1/2
7/25/2014
Brent Crude Oil
$107.07
-0.96 -0.90%
2014.07.24 end-of-day
WTI Crude Oil
$102.07
-1.05 -1.03%
2014.07.24 end-of-day
Co mmo dities
Crud e Oil
102.07
-1.03%
Na tura l G a s
3.85
+2.21%
G a soline
2.84
-0.82%
He a ting Oil
2.87
G old
1290.60
-1.08%
Silve r
20.38
-2.83%
Cop p e r
3.25
+1.81%
2014.07.24 end-of-day
Add to your site
Price
Change
2014.07.24 - $ 102.07
-1.05 -1.03%
1 Year Forecast
$117 / Barrel
1/2
7/27/2014
Sensex, Nifty fall from life-time highs - The Hindu
Business Markets
Sensex, Nifty fall from life-time highs

PTI
Equity benchmarks Sensex and Nifty hit new life-time highs on Friday but retreated on profit-booking in blue chips,
including ICICI Bank, Wipro and Tata Motors, to log their first drop in nine sessions.
The BSE Sensex ended down 145.10 points to end at 26,126.75 after surging to 26,300.17 intra-day.
The NSE Nifty in early trade hit record 7,840.9 but ended below the key 7,800 mark to close at 7,790.45, down 40.15
points.
Marked losses in counters like RIL, SBI, HDFC Bank and Infosys also weighed on the market sentiment.
Both the indices had gained about 5 per cent in the previous eight sessions, their longest in recent times.
The Sensex had gained 1,264.87 points while Nifty 376.45 points in this period, as overseas money chased
encouraging corporate earnings. Receding fears about monsoon, uptick in macroeconomic data and the governments
reform push also contributed to the stupendous rally, said market analysts.
Keywords: BSE, NSE, Sensex, Nifty, stock markets
Printable version | Jul 28, 2014 1:07:22 AM | http://www.thehindu.com/business/markets/for-first-time-in-ninedays-sensex-nifty-fall-from-lifetime-highs/article6249682.ece
The Hindu
http://www.thehindu.com/business/markets/for-first-time-in-nine-days-sensex-nifty-fall-from-lifetime-highs/article6249682.ece?css=print
1/1
7/26/2014
US stocks end lower after results from Amazon, Visa disappoint investors | Fox Business
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industry has a great safety
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Earnings and Flights to Israel Halted
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Brent Crude Oil
$107.57
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2014.07.28 end-of-day
WTI Crude Oil
$101.67
-0.42 -0.41%
2014.07.28 end-of-day
Co mmo dities
Crud e Oil
101.67
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Na tura l G a s
3.75
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G a soline
2.85
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Cop p e r
3.23
2014.07.28 end-of-day
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Stocks End Down on Broad Selloff | Fox Business
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Stocks fell on Tuesday, dropping in a broad selloff as a weak outlook
Print
from courier company UPS weighed on sentiment and pressured
Em ail
transportation stocks.
Share
Although a rally in telecom stocks helped to limit the broader market's
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decline, the S&P 500 ended below its 14-day moving average for a
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quarter earnings that were below expectations.

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Rival shipping company FedEx Corp (FDX) was down 1.6 percent at
$147.14. The Dow Jones Transportation index, which is often viewed
as a proxy for business activity, fell 1.4 percent. It is about 3 percent
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122.32
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women persists at
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With more than half the S&P 500 having reported already, almost 70
Social Security
percent have topped earnings expectations, according to Thomson

Reuters data, well above the long-term average of 63 percent. More
than 63 percent have topped revenue forecasts, above the long-term
average of 61 percent.
Jobs and housing

front and center
"If we started to see more negative outlooks, that would be a reason

to pause, but so far this earnings season speaks to the health of
corporate America and suggests markets still have room to run," said
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York.
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Telecom stocks were the only sector of the market to rise on Tuesday,
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adding 2.2 percent after Windstream Holdings (WIN) filed to spin off
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assets into a tax-efficient publicly traded real estate investment trust.

The stock jumped 12.3 percent to $11.83 in its busiest trading day on
record. Frontier Communications (FTR) added 14.3 percent to $6.79.
After the market closed, Twitter Inc (TWTR) jumped 14.5 percent to
$44.20 in extended trading after the social networking company
reported second-quarter results, which included revenue that more
Mid-Market Report: More Jobs on the Way?
than doubled. The shares had closed up 1.7 percent in regular NYSE
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Dow component American Express Co (AXP) also reported after the
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The Dow Jones industrial average <.DJI> fell 70.16 points, or 0.41
TWTR
+1.74%
percent, to 16,912.43, the S&P 500 <.SPX> lost 8.93 points, or 0.45
percent, to 1,969.98, and the Nasdaq Composite <.IXIC> dropped
2.21 points, or 0.05 percent, to 4,442.70.
The Nasdaq's decline was tempered by biotechnology shares, with
the Nasdaq Biotech index <.NBI> up 1.1 percent.
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Dow components Pfizer (PFE) and Merck (MRK), the No. 1 and No. 2
U.S. drug companies, respectively, reported better-than-expected
results. Merck's new drugs offset declining sales of those facing
generic competition. Pfizer was helped by growing sales of its cancer
medicines. Merck rose 1.1 percent at $58.58 while Pfizer shed 1.2
percent to $29.73.
Corning Inc (GLW) dropped 9.3 percent to $20 after reporting
earnings that came in below estimates as demand fell for its Gorilla
Glass, which is used in iPhones and Galaxy devices.
Economic data had little impact on the direction of equities.
U.S. consumer confidence jumped in July to a high not seen since
October 2007, but single-family home prices fell 0.3 percent in May on
a seasonally adjusted basis, falling short of expectations.
President Barack Obama said the United States was imposing new
sanctions on Russia in the energy, arms and finance sectors,
following similar moves by the European Union in reaction to
Moscow's support for rebels in eastern Ukraine.
About 57 percent of stocks traded on the New York Stock Exchange
closed lower on the day while about 47 percent of Nasdaq-listed
shares ended in negative territory. About 5.59 billion shares traded on
all U.S. platforms, according to BATS exchange data, compared with
the month-to-date average of 5.54 billion.
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(By Ryan Vlastelica; Editing by Meredith Mazzilli; Editing by Leslie

Adler)

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Brent Crude Oil
$106.51
-1.21 -1.14%
2014.07.30 end-of-day
WTI Crude Oil
$100.27
-0.70 -0.70%
2014.07.30 end-of-day
Co mmo dities
Crud e Oil
100.27
-0.70%
Na tura l G a s
3.79
-1.00%
G a soline
2.84
-0.97%
He a ting Oil
2.89
-0.56%
G old
1294.90
-0.26%
Silve r
20.56
+0.10%
Cop p e r
3.23
+0.68%
2014.07.30 end-of-day
Add to your site
Price
Change
2014.07.30 - $ 100.27
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1 Year Forecast
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1/2
7/31/2014
Sensex falls over 192 points; falls below 26k mark - The Hindu
Business Markets
Sensex falls over 192 points; falls below 26k mark

PTI
The benchmark Sensex on Thursday slipped below the 26,000-mark by falling over 192 points as caution prevailed on
the expiry of July derivative contracts and capital outflows after U.S. Fed once again tapered its stimulus.
Besides, a weakening rupee that depreciated 46 paise against the dollar to 60.52 intra-day also weighed on the stock
market sentiment, brokers said.
Good earnings from some blue chips were outweighed by selling in power, banking, consumer durables, capital goods,
auto, IT and infrastructure space, they added.
The BSE Sensex began on a weak note and continued to lose momentum to touch an intra-day low of 25,853.69. It
settled at 25,894.97, down 192.45 points, or 0.74 per cent. It touched the days high of 26,118.88. In the 30-share
Sensex, 24 closed with losses, while six others ended higher.
The 50-share NSE index Nifty, after dipping to 7,711.15, finally settled the session down 70.10 points, or 0.90 per cent,
at 7,721.30, its biggest fall since July 11.
The US Fed on Wednesday continued with gradual tapering and reduced asset purchases by another USD 10
billion/month.
Besides squaring-up of outstanding positions on the last session of July series, fresh round of selling by foreign funds
dampened the sentiments, said Rajiv Malik, a Delhi-based stock broker.
Stocks of ICICI Bank, the countrys largest private sector lender, fell 1.11 per cent. It reported a 3 per cent rise in
consolidated net profit at Rs 2,832 crore for the Q1.
Shares of Maruti Suzuki, the countrys largest carmaker Maruti Suzuki ended 1.07 per down. It reported 20.69 per
cent growth in net profit at Rs 762.28 crore for the first quarter ended June 30, 201415.
Sectorwise, the BSE power sector index suffered the most by plunging 1.35 per cent, followed by banking (1.18 per
cent), consumer durables (0.98 per cent), capital goods (0.84 per cent), auto (0.62 per cent) and IT (0.60 per cent).
Asian stocks ending mixed today after encouraging US growth data in the second quarter was offset by profit-taking.
European markets also opened lower. Also, risk aversion was seen due on reports that Argentina has failed to strike a
deal to avert its second default in more than 12 years.
Meanwhile, Foreign Portfolio Investors sold shares worth about Rs 381.66 crore yesterday, as per provisional data
Keywords: BSE, NSE, Sensex, Nifty, US Federal Reserve
Printable version | Aug 1, 2014 12:39:24 AM | http://www.thehindu.com/business/markets/sensex-falls-over-192points-falls-below-26k-mark/article6267981.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-falls-over-192-points-falls-below-26k-mark/article6267981.ece?css=print
1/1
7/31/2014
Stocks look set to end July with whimper - Jul. 31, 2014
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Dow plunges 317 points, now down for year

By Melvin Backman @CNNMoneyInvest July 31, 2014: 4:27 PM ET
127
127
TOTAL SHARES
NEW YORK (CNNMoney)
The best thing we can say about Thursday's stock market trading is that it is now over. The Dow fell 317 points, erasing all of
its gains for the year.
The S&P 500 and Nasdaq fell sharply as well, each down about 2%. They gave back the all the gains they had made in July.
Heavy selling overseas, driven by worries about Argentina's latest debt default and more problems with a big Portuguese
bank, combined with a slew of negative earnings and a disappointing outlook on manufacturing from the Federal Reserve Bank
of Chicago to drop stocks.
The VIX (VIX), a gauge of market volatility, jumped almost 27%. CNNMoney's Fear & Greed Index, which includes the VIX and
six other gauges of sentiment, is showing signs of "Extreme Fear."
International markets: European markets fell broadly, with the EuroStoxx 50 index ending the day down 1.7%. Lisbon-listed
shares of Banco Espirto Santo (BKESF), the Portuguese bank whose deteriorating funding situation have brought the
spotlight back to Southern Europe's shaky banks, was down 42%.
Asian markets, outside of strongly performing Chinese stocks, were also lower.
Argentina failed to reach an agreement with bondholders and defaulted late Wednesday. Argentina's benchmark Merval index
plunged more than 8%.
Related: No deal in Argentina means second default in 13 years
Food fails and other movers: Yum Brands (YUM), the conglomerate behind KFC, Taco Bell and Pizza Hut, warned that the
tainted meat scandal in China could hurt its profits for the year. The stock dropped 5%.
http://money.cnn.com/2014/07/31/investing/stocks-markets/index.html?iid=HP_LN
1/3
7/31/2014
Stocks look set to end July with whimper - Jul. 31, 2014
Related: KFC just can't catch a break in its hugely important Chinese market
Don't spend whole paycheck on Whole Foods

Whole Foods (WFM) is also hurting. Despite reporting good earnings, the company disappointed on sales and also cut its
outlook guidance once again, raising questions about the company's future direction. Its shares, which have been among the
worst performers this year, are down more than 2%.
Kellogg (K) did the same, reporting a good quarter but cutting guidance. Kraft (KRFT) had an out-and-out bad quarter. Both
stocks fell more than 6%.
3-D printing stocks are sinking after a poor earnings report from 3D Systems (DDD). Its shares dived almost 11% and that put
pressure on rivals voxelJet (VJET), Stratasys (SSYS) and ExOne (XONE), which are all down.
And momentum stock darling GoPro (GPRO), which has surged since going public, failed to live up to the hype. The camera
maker's stock fell nearly 10% after hours even though earnings and sales topped forecasts.
Bright Spots: But there was some good news after hours. Tesla (TSLA) and LinkedIn (LNKD, Tech30) both rose in extended
trading following better-than-expected results.
A few big names managed to hold up well in regular trading too. T-Mobile (TMUS) was up 6.5% following reports that French
telecom firm Iliad made a buyout offer. Sprint (S ), long considered a potential merger partner, is down 5%.
Related: Takeover rumor sends T-Mobile higher
Business card maker Vistaprint (VPRT) surprised analysts by turning a profit on strong sales, skyrocketing 30.5%.
World Wrestling Entertainment (WWE), after announcing that it was cutting 7% of its workforce, rose more than 3%.
Related: WWE slams workers
And red-hot grilled chicken IPO El Pollo Loco (LOCO) was up 12% today.
Glu not holding: Glu Mobile (GLUU) developed a wildly popular game based around celebrity Kim Kardashian, but Wall Street
isn't impressed. Even though results beat expectations, the stock is dropped 18% after announcing that it was buying Cie
Games for $100 million.
Related: Kim Kardashian's game makes $700,000 a day
Impossible is Russia: Adidas (ADDDF), which finished the day down 15% in Germany, is also lowering its guidance, saying that
its reducing its Russian footprint by closing stores or delaying new openings. Golf sales are also lower. It joins McDonald's
(MCD) and Wendy's (WEN) in reporting difficulties operating in the country.
http://money.cnn.com/2014/07/31/investing/stocks-markets/index.html?iid=HP_LN
2/3
7/31/2014
Dow Plunges 317 Points, Wipes Out 2014 Gains | Fox Business
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Dow Plunges 317 Points, Wipes Out 2014

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By Adam Samson / Pub lished July 31, 2014 / FOXBusiness
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Buy the selloff or

stand still?
Dow erases 2014

gains

No Wonder Why
U.S. stocks sustained heavy losses on Thursday as traders ditched a
Print
Vlad is Glad! He
wide swath of assets, leading the blue-chip average to hit the flat-line
Em ail
Thinks Were a
for 2014.
Joke
Share
Japanese man
the S&P 500 tumbled 39.7 points, or 2%, to 1931 and the Nasdaq
sentenced to 3
months for hitting

flight attendant en
route to Hawaii
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ExxonMobil (XOM), the world's biggest publicly-traded energy

company, revealed stronger-than-expected profits on the day, but
revenues missed expectations. The Dow heavyweight's shares fell
more than 1%, suggesting they would weigh on the blue-chip
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Faber: U.S. stocks no
longer a good value
Meanwhile, shares of fast-food behemoth Yum Brands (YUM) came
What's this?
under heavy selling pressure after the firm said news reports
Morning Biz Outlook
suggesting its supplier in China might have been using pastexpiration-date meat had a ""significant, negative impact" on samestore sales at its KFC and Pizza Hut chains in the world's No. 2
economy.
On the economic front, the Labor Department said the number of
Americans filing for first-time unemployment benefits rose last week
Know Before the Bell: Wall Street Jitters and

Millennials Spending Habits
to 302,000 from a downwardly revised 279,000 the week prior. Wall
Mid-Market Report: More Jobs on the Way?
Street expected claims to rise to 301,000 from an initially reported

284,000.
"While summer auto plant seasonal issues are an influence, the trend
in claims is still pointing to a reduction in the pace of firings," Peter
Boockvar, chief market analyst at The Lindsey Group, wrote in a note
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from 62.6 in June, widely missing economists expectation of a
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25.15
4:04 PM
The data come ahead of the closely-watched monthly jobs report from
the Labor Department due on Friday.
Looking abroad, Argentina was at risk of defaulting for the second
time in 13 years as the Latin American country failed to strike an
agreement with a group of hedge funds looking to get paid for a 2001
bond default.
Art Cashin, the director of floor operations for UBS Financial Services
at the New York Stock Exchange, noted in a letter to clients the news
was "sending ripples through various assets." However, analysts
broadly said a default was unlikely to have a wide-ranging impact on
the massive American financial sector.
'A Lot of Noise'
Despite the selling Thursday, Michael Block, chief strategist at Rhino
Trading Partners, said he is still bullish in the near-term.
"This is all a lot of noise," he told clients, referring to the mixed
corporate results and debt turmoil in Latin America. "And with that, I
am sticking by my desire to own stocks on weakness."
2/4
7 31/2014
7/
Dow
o Plunges 317 Points, Wipes Out 2014 Gains | Fox
o Business
Indeed, traditional safe

f -have
v n assets that would generally see buying
in a bro
r ad-based selloff
f perf
rformed poorly on the day. Gold prices fe
f ll
$8.10, or 0.62%, to $1,289 a tro
r y ounce. The yield on the 10-ye
y ar U.S.
Treasury
r bond climbed 0.036-percentage point to 2.596% as traders
r
bid-up the asset.
Elsewhere, the benchmark U.S. crude oil contract slumped 66 cents,
or 0.67%, to $99.61 a barrel. Wholesale New Yo
Y rk Harbor gasoline
slipped 0.48% to $2.802 a gallon.
F ll
Fo
llow Ada
d m Samson on Tw
T it
itter @ada
d msamson.
France aw arding highest honor to Utah WW
W II veteran
Marine biologist says 6th-grader stole his idea
Chris Pratt reveals he got in trouble w ith NBC for going
naked on 'Parks and Re
R c' set
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K
out against his release
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Cape Cod are a boon for tourism , sales
Arm y bid to take Apache helicopters from Guard loses
first Senate test after states resist
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Dow Plunges 317 Points, Wipes Out

2014 Gains
U.S. stocks sustained heavy losses on
Thursday as traders ditched a wide
swath of assets, leading the blue-chip
average to hit the flat-line for 2014.

The Biggest
Threat to the
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ow- plunges-300-points-wi
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Brent Crude Oil
$106.02
-0.49 -0.46%
2014.07.31 end-of-day
WTI Crude Oil
$98.17
-2.10
-2.14%
2014.07.31 end-of-day
Co mmo dities
Crud e Oil
98.17
-2.14%
Na tura l G a s
3.84
+1.43%
G a soline
2.83
-0.43%
He a ting Oil
2.89
G old
1281.30
-1.06%
Silve r
20.37
-0.91%
Cop p e r
3.22
-0.29%
2014.08.01 end-of-day
Add to your site
Price
Change
2014.08.01 - $ 98.17
-2.10 -2.14%
1 Year Forecast
$112 / Barrel
1/2
8/1/2014
Sensex tanks 414 points, most in over 3 weeks - The Hindu
Business Markets
Sensex tanks 414 points, most in over 3 weeks

PTI
The benchmark Sensex on Friday plunged over 414 points, logging its biggest single-day drop in over 3 weeks, to end
at 25,480.84 on across-the-board losses in bluechips amid a global sell-off.
With dollar gaining strength against most global peers, the rupee breached the 61-mark to trade at over three-month
low of 61.17 (intra-day). After US Fed trimmed monthly stimulus, fears have heightened that inflows into emerging
markets would slow. All eyes are on a US non-farm payroll report to be released later today for more cues, said
brokers.
The Sensex after opening lower at 25,753.92, dipped to 25,459.13 on across-the-board selling. It ended at 25,480.84,
down 414.13 points, or 1.60 per cent its biggest fall since July 8 when it tanked 518 points after railway budget.
http://www.thehindu.com/business/markets/sensex-tanks-414-points-most-in-over-3-weeks/article6272078.ece?homepage=true&css=print
1/2
8/1/2014
Sensex tanks 414 points, most in over 3 weeks - The Hindu
The BSE barometer had lost 192.45 points on Thursday.

The Sensex finished the week with a loss of 646 points, snapping two weeks of successive gains.
Meanwhile, the 50-share NSE Nifty dipped below 7,600 marks by plunging 118.70 points, or 1.54 per cent, to end at
7,602.60. Intra-day, it shuttled between 7,716.70 and 7,593.90 intra-day.
Markets sold off in the second half of the day to close 1.5 per cent lower. Weak global markets and continuing geopolitical tensions rode over the positive core sector growth data released in India on Thursday, said Dipen Shah,
Head - Private Client Group Research, Kotak Securities.
European indices were trading 1-2 per cent lower. Asian markets closed upto 1 per cent down as global sell-off spread.
Lower inflation in EU, expectations of earlier than expected rise in US interest rates, default by Argentina and some
lower-than-expected quarterly results in India soured sentiments, he added.
There was also continued profit-booking in recent out-performers such as oil and gas, metal, power, capital goods and
banking, PSUs, realty and consumer durable stocks.
Out of the 30-share Sensex, 25 stocks closed with losses led by RIL and ONGC. Just five counters ended higher.
Sectorally, the BSE Consumer Durables sector index suffered the most today by plunging 3.27 per cent, followed by Oil
and Gas (2.16 per cent), Metal (1.90 per cent), Capital Goods (1.90 per cent) and Power (1.87 per cent), among others.
Meanwhile, Foreign Portfolio Investors sold shares worth a net Rs 1,654.86 crore on Thursday, as per provisional data.
Keywords: Stock Markets, Sensex, BSE, Global selling, FPI
Printable version | Aug 1, 2014 6:36:56 PM | http://www.thehindu.com/business/markets/sensex-tanks-414-pointsmost-in-over-3-weeks/article6272078.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-tanks-414-points-most-in-over-3-weeks/article6272078.ece?homepage=true&css=print
2/2
8/1/2014
Stocks finish tough week with more losses - Aug. 1, 2014
U.S.
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Stocks finish tough week with more losses

By Matt Egan @mattmegan5 August 1, 2014: 4:15 PM ET
Earth to investors: Don't panic!
48
48
TOTAL SHARES
NEW YORK (CNNMoney)
Investors can't seem to get relief from the summer heat.

The Dow fell 70 points Friday on what turned out to be a volatile day of trading.
The blue chip index finished the week lower and is now down for the year following Thursday's 317-point drop.
The S&P 500 and Nasdaq also slipped Friday. The S&P 500 dropped nearly 3 %this week, and the Nasdaq lost more than 2%.
Still, both indexes are up over 4% for 2014.
Here's what happened.
Jobs, jobs, jobs: Employers added 209,000 jobs in July. That was well shy of the 288,000 jobs that were created in June and
below the gain of 230,000 jobs predicted by economists polled by CNNMoney .
The weaker-than-expected jobs report could ease fears on Wall Street that the Federal Reserve will hike interest rates early
next year.
The government said the unemployment rate ticked up to 6.2% from 6.1%.
"The employment data was not too hot, not too cold. It was just about right in terms of what a skittish market was looking for,"
said Dave Donabedian, chief investment officer at Atlantic Trust, which manages about $25 billion in assets.
http://money.cnn.com/2014/08/01/investing/stocks-markets/index.html?iid=mkt_SF_news
1/3
8/1/2014
In other economic news, a new ISM report

showed U.S. manufacturing activity shifted
into a higher gear in July. However, a
separate report revealed consumer
sentiment dipped in July to the lowest level
since March.
Related: Cold War-style tension hits
Western companies in Russia
World markets slide: European markets fell,
following the lead of the U.S on Thursday.
Germany's Dax tumbled on concerns about
the impact of escalating tensions with Russia
on the region's fragile economy. The EU
turned up the heat on Moscow Thursday by including Russia's biggest bank, Sberbank, on its list of sanctions targets.
Societe Generale (SCGLF) dropped 2% after the French bank's second quarter earnings showed business in Russia is suffering.
It joins a chorus of Western companies facing problems in Russia.
"There has been large, insistent selling of stocks out of Europe," said Michael Block, chief strategist at Rhino Trading Partners,
in a note to clients.
Big movers -- GoPro, LinkedIn, Iliad: GoPro's (GPRO) debut earnings report failed to impress Wall Street's extreme
expectations, driving the gadget maker's stock down 15%.
Iliad (ILIAY) dropped 7% in Europe after the French telecom firm made a surprise $15 billion takeover bid for T-Mobile USA
(TMUS).
On the other hand, shares of LinkedIn (LNKD, Tech30) popped 12% after the social media company posted better-thanexpected quarterly results. Expedia (EXPE) traveled 6% higher on upbeat earnings and a 29% jump in bookings.
Tesla (TSLA) also drove 4% higher ding after Elon Musk's electric car maker reported strong sales and a profit that topped
forecasts.
Bally Technologies (BYI) hit the jackpot as Scientific Games (SGMS) agreed to acquire the slot machine maker for $3.3 billion.
Bally spiked 30% on the buyout, which also sent Scientific Games climbing 3%.
Related: Fear & Greed Index shows extreme fear
Procter & Gamble (PG) rallied about 3% after posting a solid earnings beat despite shrinking sales. Investors largely
overlooked the consumer products giant's tepid outlook for the year.
Other big-name companies also reported earnings, including Clorox (CLX) and Chevron (CVX).
More from CNN Money
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3/3
8/2/2014
Brent Crude Oil
$104.84
-1.18 -1.13%
2014.08.01 end-of-day
WTI Crude Oil
$97.88
-0.29
-0.30%
2014.08.01 end-of-day
Co mmo dities
Crud e Oil
97.88
-0.30%
Na tura l G a s
3.80
-1.13%
G a soline
2.74
-1.94%
He a ting Oil
2.87
-0.83%
G old
1293.60
+0.95%
Silve r
20.33
-0.20%
Cop p e r
3.21
-0.51%
2014.08.01 end-of-day
Add to your site
Price
Change
2014.08.01 - $ 97.88
-0.29 -0.30%
1 Year Forecast
$112 / Barrel
1/2
8/6/2014
Brent Crude Oil
$104.61
-0.80 -0.76%
2014.08.05 end-of-day
WTI Crude Oil
$97.38
-0.91
-0.93%
2014.08.05 end-of-day
Co mmo dities
Crud e Oil
97.38
-0.93%
Na tura l G a s
3.90
+1.62%
G a soline
2.72
-0.35%
He a ting Oil
2.85
-0.85%
G old
1284.00
-0.29%
Silve r
19.79
-2.02%
Cop p e r
3.20
-1.17%
2014.08.05 end-of-day
Add to your site
Price
Change
2014.08.05 - $ 97.38
-0.91 -0.93%
1 Year Forecast
$111 / Barrel
1/2
8/7/2014
Sensex down 243 points on profit booking in blue chips - The Hindu
Business Markets
Sensex down 243 points on profit booking in blue chips

PTI
Banking stocks, including SBI, ICICI Bank, Axis Bank, HDFC Bank, retreated largely on profit-booking at prevailing levels and
worries of a sell-off in government bonds.
Logging the first drop in three days, the benchmark Sensex on Wednesday slumped 243 points led by losses in ITC,
ICICI Bank and Tata Motors shares in line with weak global cues amid worries the conflict in Ukraine could worsen.
Besides profit-booking in metal, banking, realty and oil & gas shares, the rupee slumping to near five-month lows of
61.41 (intra-day) against dollar also soured sentiment.
In oil trade, the benchmark West Texas Intermediate (WTI) for September delivery rose 10 cents to $97.48 while
Brent crude gained 25 cents to $104.86 in afternoon trades.
The BSE Sensex index, which rose over 427 points in previous two sessions, started the day on a negative note and
continued to decline as selling in blue-chips weighed the index down. It settled 242.74 points down, or 0.94 per cent,
at 25,665.27.
Intra-day, the index touched a high of 25,901.68 and a low of 25,621.85.
Overall, 23 constituents of the Sensex fell while seven like RIL, BHEL, Hero Moto and Hindustan Unilever rose.
The 50-share NSE index Nifty dipped below the 7,700-mark by falling 74.50 points, or 0.96 per cent, to end at
7,672.05 after moving between 7,740.95 and 7,658.95 during the day.
Asian stocks dropped following a sharp fall on Wall Street over fears of a market correction and concerns the conflict
in Ukraine could escalate. European indices were down 11.4 per cent in the afternoon.
Banking stocks, including SBI, ICICI Bank, Axis Bank, HDFC Bank, retreated largely on profit-booking at prevailing
levels and worries that a sell-off in government bonds would hit portfolio value of their debt holdings.
The falling trend was cushioned to some extent as IT stocks such as Infosys surged 2.01 per cent and Wipro gained
0.31 per cent as a weaker rupee improves their earnings.
Sectorally, the BSE metal sector index suffered the most by losing 1.90 per cent, followed by Banking (down 1.82 per
cent), Realty (1.25 per cent) and FMCG (1.24 per cent).
Bucking the overall trend, IT index rose 0.67 per cent.
Meanwhile, Foreign Portfolio Investors bought shares worth a net Rs 52.85 crore on Tuesday.
Keywords: Indian stock markets, closing trade, BSE, Sensex, NSE, Nifty
http://www.thehindu.com/business/markets/sensex-down-243-points-on-profit-booking-in-blue-chips-including-itc-icici-bank-tata-motors-and-fears-over-ukraine/
1/2
8/7/2014
Sensex down 243 points on profit booking in blue chips - The Hindu
Printable version | Aug 8, 2014 3:26:53 AM | http://www.thehindu.com/business/markets/sensex- View Comment (1)

down-243-points-on-profit-booking-in-blue-chips-including-itc-icici-bank-tata-motors-and-fears-overukraine/article6287860.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-down-243-points-on-profit-booking-in-blue-chips-including-itc-icici-bank-tata-motors-and-fears-over-ukraine/
2/2
8/7/2014
Wall Street Caps Session in Red as Defensives Lead the Way | Fox Business
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European stocks fell amid concerns about the impact of Russian
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Kong's Hang Seng Index fell to its lowest settlement in nearly two
weeks as casino shares dropped.
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In other markets, gold prices (GCU4) inched up after a big jump on

Wednesday, while oil (CLU4) gained and the dollar (DXY) inched
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IT stocks drag Sensex, Nifty down - The Hindu
Business Markets
IT stocks drag Sensex, Nifty down

PTI
Stock markets on Thursday fell for the second straight session with the S&P BSE Sensex slipping over 76 points to
25589.01 and the Nifty declining nearly 23 points to 7649.25 on losses in domestic IT shares after global peer
Cognizant cut its full-year sales growth forecast.
With over 1.5 per cent fall each, heavyweights Infosys and TCS led the losses in both benchmark indices. Weak global
cues also persisted as Asian markets mostly dipped as concerns over the European economy and international
conflicts, including in Ukraine, grew, said brokers.
The BSE 30-share barometer resumed stable and later moved erratically in a range of 25778.05-25526.05 before
settling at 25589.01, a fall of 76.26 points. On Wednesday, it had plunged 242.74 points.
Similarly, the 50-share CNX Nifty of the NSE gyrated in a range of 7708.95-7630.40 before concluding down by
22.80 points at 7649.25. It had slipped by 74.50 points in the previous session.
Banking, realty, power, capital goods, healthcare, metal and FMCG sector stocks also came under selling pressure.
Bucking the overall weak trend, shares of companies related to railways saw buying interest after the government
yesterday approved FDI liberalisation in the sector.
Rupee recovers 27 paise
Rebounding from five-month lows, the rupee on Thursday bounced back by 27 paise, its best gain since July, to end at
61.22 against the greenback following suspected RBI intervention and dollar selling by exporters.
At the inter-bank foreign exchange market, the rupee resumed strong at 61.37 a dollar from its previous close of
61.49. It later moved in a wide range of 61.21-61.55 before finishing at 61.22, showing a rise of 27 paise. This is its best
single session gain since 38 paise rise on July 2.
On Wednesday, the rupee had slumped by 65 paise.
Keywords: sensex, BSE, stocks close, NSE, nifty
Printable version | Aug 8, 2014 3:29:27 AM | http://www.thehindu.com/business/markets/it-stocks-drag-sensexnifty-down/article6292397.ece
The Hindu
http://www.thehindu.com/business/markets/it-stocks-drag-sensex-nifty-down/article6292397.ece?css=print
1/1
8/13/2014
Brent Crude Oil
$103.02
-1.66 -1.61%
2014.08.12 end-of-day
WTI Crude Oil
$97.37
-0.71
-0.73%
2014.08.12 end-of-day
Co mmo dities
Crud e Oil
97.37
-0.73%
Na tura l G a s
3.97
+0.23%
G a soline
2.73
-0.66%
He a ting Oil
2.84
-1.20%
G old
1308.80
+0.02%
Silve r
19.87
-0.96%
Cop p e r
3.15
-0.57%
2014.08.12 end-of-day
Add to your site
Price
Change
2014.08.12 - $ 97.37
-0.71 -0.73%
1 Year Forecast
$111 / Barrel
1/2
8/15/2014
Brent Crude Oil
$102.01
-2.27 -2.23%
2014.08.14 end-of-day
WTI Crude Oil
$95.58
-2.01
-2.10%
2014.08.14 end-of-day
Co mmo dities
Crud e Oil
95.58
-2.10%
Na tura l G a s
3.91
+1.92%
G a soline
2.67
-3.29%
He a ting Oil
2.82
-2.92%
G old
1313.90
+0.08%
Silve r
19.87
+0.31%
Cop p e r
3.09
-0.66%
2014.08.14 end-of-day
Add to your site
Price
Change
2014.08.14 - $ 95.58
-2.01 -2.10%
1 Year Forecast
$109 / Barrel
1/2
8/15/2014
Stocks Undo Ukraine-Inspired Fall, Post Weekly Gain | Fox Business
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By Anora Mahmudova and Carla Mozee / Pub lished August 15, 2014 / MarketWatch
Print
Em ail
NEW YORK -- Stocks ended mixed Friday, trimming or erasing

losses after falling on news of a clash between Ukrainian and Russian
military units on Ukraine soil. Major indexes posted weekly gains
Share
RECOMMENDED VIDEOS
The warning signs
of depression
despite the late flight out of riskier assets into Treasurys.

The S&P 500 (SPX) fell 0.12 point, or less than 0.1%, to end at
1,955.06 after trading as low as 1,941.40, leaving the index with a
1.2% weekly gain. The Dow Jones Industrial Average (DJI) trimmed a
Your toothpaste
putting your health
at risk?
triple-digit loss to end the day down 50.67 points, or 0.3%, at

16,662.91, making for a weekly rise of 0.7%. The Nasdaq Composite
(RIXF) returned to positive territory, rising 11.93 points, or 0.3%, to
4,464.93 and notching a 2.2% weekly advance.
Rep. Grimm on
campaign,
indictment
Ukrainian forces destroyed part of a Russian military unit that was on

Ukrainian soil, a Ukrainian military spokesperson said Friday,
according to news reports. Separately, NATO's secretary-general
said the alliance observed a Russian "incursion" into Ukraine, denied
by Russia, on Thursday night, according to the Associated Press.
What Happens if
Millennials Never
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"Markets are reacting this afternoon to the ongoing developments, but
Market?
in the fog of war it makes little difference what the specific elements
are in each event. Instead, what drives market valuations is the
Fox host Shepard
knowledge of applied costs. No matter how Ukraine, Russia, and the
Smith expresses
separatists sort themselves out, the costs continue to rise," said
regret over
David Kotok, chief investment officer at Cumberland Advisors, in a
comment made
note.
Williams
about Robin
Hellcat Engine Puts
The 10-year Treasury note yield (10_YEAR) fell more than 5 basis
Spotlight on Dodge
points to less than 2.35% as investors sought safety by buying

Treasurys. Yields fall as Treasury prices decline.
Haven-related buying only provided a modicum of help for gold,
3 Things to Do
Before You Buy Life
however, which trimmed losses but still settled at its lowest level since
Insurance
Aug. 5. Friday's losses on the main benchmarks put a cap on weekly

gains. Stocks trimmed initial losses ahead of the closing bell.
FROM OUR SPONSORS
http://www.foxbusiness.com/markets/2014/08/15/stocks-undo-ukraine-inspired-fall/
1/4
8/15/2014
John De Clue, chief investment officer at the Private Client Reserve of
What's this?
U.S. Bank, said he isn't surprised that stocks have been so resilient in
Morning Biz Outlook
the face of geopolitical concerns.

"Second-quarter earnings have been better than many of us expected
and the economy is growing. The fact that we are not seeing larger
pullbacks mean that investors are not alarmed by the impact of
geopolitical issues," he said.

Know Before the Bell: USPS Loses $2B and
Toothpaste Ingredient Tied to Cancer
Still, the entanglement overshadowed more signs that the U.S.
Mid-Market Report: Dealm aking on the Rise
economy remains healthy and that company profits are increasing.

Industrial production rose in July, thanks to a sizable jump in car
output, the Federal Reserve said Friday.
MOST POPULAR STOCKS
AAPL
Meanwhile, U.S. producer prices inched up in July, a second
consecutive month of gains, led by services such as transportation
and warehousing, the government reported Friday. That is one of
several recent inflation gauges that show price growth isn't running too
hot for the Fed.
Investors shrugged off a preliminary August reading on the University
of Michigan/Thomson Reuters consumer-sentiment index that showed
it at the lowest level since November.
+0.49%
APPLE INC.
Aug 15
-0.69%
FORD MOTOR CO...
Aug 15
GE
-0.93%
GENERAL ELECT...
Aug 15
JCP
-2.46%
J.C. PENNEY
Aug 15
XOM
-0.06%
EXXONMOBIL CO...
Aug 15
97.98
4:00 PM
17.31
4:00 PM
25.64
4:00 PM
9.50
4:00 PM
99.03
4:00 PM
Stocks in focus
Monster Beverage (MNST) shares surged to lead the S&P on CocaCola's (KO) move to acquire a 17% ownership stake in the energy
drink company, as part of a long-term partnership deal. Coke will
make a $2.15 billion cash payment and transfer its global energy
drink business to Monster.
Applied Materials Inc. (AMAT) was among the biggest advancers in
the S&P, after the chip-making equipment provider's quarterly sales
and earnings report topped Wall Street expectations.
Achillion Pharmaceuticals (US-ACHN) rallied in heavy volume
following positive results from a clinical trial related to sovaprevir, the
company's experimental hepatitis C treatment.
Autodesk Inc.(ADSK) shares led S&P losses after the designsoftware company late Thursday forecast a tepid outlook. Read more
about the day's notable movers here.
In Asia, Hong Kong's Hang Seng Index finished at its highest level in
more than three years. European stocks ended lower after headlines
of conflict escalation in Ukraine.
2/4
8/15/2014

Law suit: Soldier forced out of Arm y for serving Chick-filA, reading Hannity book
Police release stills of robbery connected to Michael
Brow n
World stock m arkets m ostly higher but geopolitical
risks hover in background
Nashville Fire investigating after param edics left dying
patient, had to return to scene
These bizarre deep-space radio blasts have
astronom ers baffled
As cracks appear in Russian econom y, collapse of tour
operators leaves thousands stranded
[What's This?]
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S
Money, divorce and Robin

Williams
Iraqi PM relinquishes
power
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8/18/2014
Brent Crude Oil
$101.60
-1.93 -1.90%
2014.08.18 end-of-day
WTI Crude Oil
$96.41
-0.94
-0.97%
2014.08.18 end-of-day
Co mmo dities
Crud e Oil
96.41
-0.97%
Na tura l G a s
3.79
+0.42%
G a soline
2.66
-1.60%
He a ting Oil
2.81
-1.50%
G old
1297.70
-0.52%
Silve r
19.60
+0.56%
Cop p e r
3.10
+0.19%
2014.08.18 end-of-day
Add to your site
Price
Change
2014.08.18 - $ 96.41
-0.94 -0.97%
1 Year Forecast
$110 / Barrel
1/2
8/20/2014
Brent Crude Oil
$101.56
-0.04 -0.04%
2014.08.19 end-of-day
WTI Crude Oil
$94.48
-1.93
-2.04%
2014.08.19 end-of-day
Co mmo dities
Crud e Oil
94.48
-2.04%
Na tura l G a s
3.88
+2.19%
G a soline
2.70
+1.46%
He a ting Oil
2.82
+0.39%
G old
1295.10
-0.20%
Silve r
19.39
-1.10%
Cop p e r
3.09
-0.57%
2014.08.19 end-of-day
Add to your site
Price
Change
2014.08.19 - $ 94.48
-1.93 -2.04%
1 Year Forecast
$108 / Barrel
1/2
9/2/2014
Brent Crude Oil
$100.34
-2.85 -2.84%
2014.09.02 end-of-day
WTI Crude Oil
$92.88
-3.08
-3.32%
2014.09.02 end-of-day
Co mmo dities
Crud e Oil
92.88
-3.32%
Na tura l G a s
3.89
-4.50%
G a soline
2.54
-3.14%
He a ting Oil
2.80
-2.27%
G old
1263.70
-1.75%
Silve r
19.07
-1.71%
Cop p e r
3.13
2014.09.02 end-of-day
Add to your site
Price
Change
2014.09.02 - $ 92.88
-3.08 -3.32%
1 Year Forecast
$106 / Barrel
1/2
9/5/2014
Brent Crude Oil
$101.83
-0.94 -0.92%
2014.09.04 end-of-day
WTI Crude Oil
$94.45
-1.09
-1.15%
2014.09.04 end-of-day
Co mmo dities
Crud e Oil
94.45
-1.15%
Na tura l G a s
3.82
-0.73%
G a soline
2.60
-0.77%
He a ting Oil
2.84
-1.04%
G old
1265.10
-0.30%
Silve r
19.06
-0.23%
Cop p e r
3.14
+0.86%
2014.09.04 end-of-day
Add to your site
Price
Change
2014.09.04 - $ 94.45
-1.09 -1.15%
1 Year Forecast
$108 / Barrel
1/2
9/6/2014
Brent Crude Oil
$100.82
-1.01 -1.00%
2014.09.05 end-of-day
WTI Crude Oil
$93.29
-1.16
-1.24%
2014.09.05 end-of-day
Co mmo dities
Crud e Oil
93.29
-1.24%
Na tura l G a s
3.79
-0.69%
G a soline
2.58
-0.64%
He a ting Oil
2.82
-0.61%
G old
1265.80
+0.06%
Silve r
19.08
+0.09%
Cop p e r
3.16
+0.62%
2014.09.06 end-of-day
Add to your site
Price
Change
2014.09.06 - $ 93.29
-1.16 -1.24%
1 Year Forecast
$107 / Barrel
1/2
9/8/2014
Brent Crude Oil
$100.20
-0.62 -0.62%
2014.09.08 end-of-day
WTI Crude Oil
$92.66
-0.63
-0.68%
2014.09.08 end-of-day
Co mmo dities
Crud e Oil
92.66
-0.68%
Na tura l G a s
3.88
+2.14%
G a soline
2.56
-0.84%
He a ting Oil
2.81
-0.35%
G old
1252.70
-1.05%
Silve r
18.89
-1.03%
Cop p e r
3.16
2014.09.08 end-of-day
Add to your site
Price
Change
2014.09.08 - $ 92.66
-0.63 -0.68%
1 Year Forecast
$106 / Barrel
1/2
9/10/2014
Stocks Post Losses for a Second Day, Apple Shares Slip | Fox Business
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Pub lished Septemb er 09, 2014 / Associated Press
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Stocks fell for a second straight day Tuesday as investors were left
unimpressed by Apple's latest batch of product announcements.

Olive Garden
Negative news out of Home Depot and McDonald's also weighed on
launches neverending pasta pass
the market.
for $100
The Dow lost 97.55 points, or 0.6 percent, to 17,013.87, its biggest
one-day drop in a month. The Standard & Poor's 500 index lost 13.10
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points, or 0.7 percent, to 1,988.44 and the Nasdaq composite lost 40

points, or 0.9 percent, to 4,552.29.
Investors had little in the way of economic data to digest, so trading
Apple confirms iPhone 6,

iPhone 6 Plus
California set to
was largely dominated by the news out of Apple. The California-
pass nations first

statewide plastic
based tech titan announced an updated version of its iPhone, a

smartwatch as well as payment system to compete with traditional
debit and credit cards.
GE Sells Appliances
Unit to Electrolux for
The iPhone 6 and its various iterations were well received by
$3.3B
investors, as was the payment system, which would allow a shopper

to purchase a product simply by holding his or her iPhone close to a
sensor. Apple had been up as much as 4 percent after the products
were unveiled.
http://www.foxbusiness.com/markets/2014/09/09/stocks-post-losses-for-second-day-apple-shares-slip/
FROM OUR SPONSORS
1/4
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The smartwatch left some investors scratching their heads, however,
What's this?
and the Apple rally quickly faded. The watch doesn't come out until
Morning Biz Outlook
next year, costs $350, and would require an iPhone near it to work. It
was hardly the new product category that investors had hoped it might
be.
"I don't know if they're swimming up the right river with this watch,"
said Dan Morgan, a senior portfolio manager at Synovus Trust
Company, who has been a long-time investor in Apple shares. "It

Mattress Firm Buys Sleep Train, SolarCity
Expands Into 7 States
looks like an add-on product, not something that has the potential to
be a phenomenon."
Apple Adding New Security Measures to iCloud

Accounts
At the end of the day, Apple fell 37 cents, or 0.4 percent, to $97.99.
MOST POPULAR STOCKS
Apple is often volatile on days it announces products. Yet while the

decline in Apple's own stock was modest, its product news had ripple
effects in various parts of the market.
GPS device maker Garmin and watch company Fossil fell 3.5 percent
and 2 percent, respectively. Both companies are looking to claim a
stake in smartwatch industry, with Garmin heavily invested in watches
used by athletes to track their performance. Fossil recently announced
a partnership with Intel to develop smartwatches.
AAPL
-0.38%
APPLE INC.
Sept 9
-1.01%
FORD MOTOR CO...
Sept 9
BAC
-1.28%
BANK OF AMERI...
Sept 9
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97.99
4:00 PM
16.63
4:02 PM
16.14
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25.90
4:00 PM
33.91
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Investors saw Apple's payment system as a direct competitor to

eBay's PayPal division, causing eBay to fall sharply in afternoon
trading. EBay closed down $1.50, or 3 percent, to $52.73.
Other payment system companies, such as Alliance Data Systems,
also took a beating. Google, who is been trying to get into the mobile
payment market as well as competes directly with Apple in phones,
fell $8.71, or 2 percent, to $581.01.
Unrelated to the Apple announcement, the news out of Home Depot
didn't help the market either. Home Depot fell $1.89, or 2 percent, to
$88.93 after the home improvement chain said hackers had broken
into its in-store payment systems.
Home Depot's problem follows a massive data breach at Target
nearly a year ago, raising concerns it is likely other major retailers
could be targeted as well.
McDonald's, another Dow member, fell $1.41, or 1.5 percent, to
$91.09 after the company announced that global sales fell nearly 4
percent in August. In the U.S., typically a steady market for the fast
food giant, sales fell nearly 3 percent.
Investors also had their eyes on the currency market.
2/4
9/10/2014
The dollar extended its rally, hitting 106.20 yen, the highest since
September 2008. Compared with other major currencies hurt by bad
economic news in their home countries, the dollar appears attractive.
The Federal Reserve is expected to end part of its stimulus program
by October and is considering rate hikes, signs of greater confidence
in the U.S. economic recovery.
If the dollar were to continue to rally, it may start to hurt U.S. corporate
profits. A higher dollar makes U.S.-made products more expensive
abroad, which makes them harder to sell compared with foreignmade goods. Investors don't expect the dollar rally to continue over the
long term, however.
"This could temporarily weigh on U.S. corporate profits, but U.S.
companies generate so much business domestically that any impact
would be modest," said David Lebovitz, a global market strategist at
J.P. Morgan Funds.
In other markets, bond prices fell slightly. The yield on the 10-year
Treasury note rose to 2.50 percent.
The price of U.S. oil steadied after three days of steep drops.
Benchmark U.S. crude rose 9 cents to close at $92.75 a barrel on the
New York Mercantile Exchange.
Brent crude, a benchmark for international oils used by many U.S.
refineries, fell sharply on further predictions of lower global demand.
Brent fell $1.04 to close at $99.16 on the ICE Futures exchange in
London, the lowest close since May 2013.
In metals trading, the price of gold fell $5.80 to $1,248.50 an ounce,
silver fell four cents to $18.92 an ounce and copper fell seven cents to
$3.10 a pound.

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9/10/2014
Rare respiratory illness
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aluminum-body Ford-150
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Stocks Post Losses, Apple Shares

Slip
Rep. Rangel: No
Such Thing as a
Lim ited War
Markets
Despite Apple's Show, Rate Concerns

Drive Markets Lower
Wall Street continued to decline on a

light day for trading volume, but Apple
shares saw heaving trading after a slew
of product announcements from the
company. All three major indexes ended
down.

The Biggest
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Septem ber
Stock Market
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Insurance?
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Sam e-store sales rose 0.7%
Last Week's Biggest Stock Movers: Keep an Eye on

Mobileye
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The Independents
4/4
9/10/2014
Brent Crude Oil
$99.16
-1.04
-1.05%
2014.09.09 end-of-day
Co mmo dities
Crud e Oil
92.75
+0.10%
Na tura l G a s
3.98
+2.71%
G a soline
2.55
-0.53%
He a ting Oil
2.79
-0.64%
G old
1246.80
-0.47%
Silve r
18.84
-0.23%
Cop p e r
3.09
-2.04%
2014.09.09 end-of-day
Add to your site
Price
Change
2014.09.09 - $ 92.75
0.09 0.10%
1 Year Forecast
$106 / Barrel
file:///B:/Users/Srinivas%20V.%20Vadde/Desktop/Uploaded%20Links/Crude%20Oil%20&%20Economy%20Results/Updated%20Crude%20Oil%20and%20Gas
1/1
9/10/2014
Brent Crude Oil
$98.04
-1.12
-1.14%
2014.09.10 end-of-day
WTI Crude Oil
$91.67
-1.08
-1.18%
2014.09.10 end-of-day
Co mmo dities
Crud e Oil
91.67
-1.18%
Na tura l G a s
3.95
-0.76%
G a soline
2.53
-0.87%
He a ting Oil
2.75
-1.39%
G old
1243.50
-0.27%
Silve r
18.86
+0.06%
Cop p e r
3.10
+0.32%
2014.09.10 end-of-day
Add to your site
Price
Change
2014.09.10 - $ 91.67
-1.08 -1.18%
1 Year Forecast
$105 / Barrel
1/2
9/12/2014
U.S. Equities Fall, Set to Snap Five-Week Advance | Fox Business
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Pub lished Septemb er 12, 2014 / Dow Jones Newswires
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A ride inside the
new aluminum-body
Ford-150
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in President
Obamas speech?
How Apple will

impact the world of
wearables
REUTERS
Print
Em ail
The U.S. stock market fell modestly on Friday as rising Treasury

yields and a strengthening dollar, as well as the looming FOMC
meeting next week, stoked equity investors' sense of caution.

Pickup Trucks Go
Share
Upscale
The main benchmark retreated from record high levels throughout the
week amid speculation that the Federal Reserve may signal the
arrival of the first interest rate increase sooner than expected.
Pay Taxes on
Disability Income?
A solid rise in monthly retail sales and stronger-than-expected
Say it Ain't So
consumer sentiment data had virtually no impact on stock prices

Friday.
Verizon to Roll Out
The main benchmarks are set to book their first weekly loss in six
Internet TV Service
Early Next Year
weeks, as investors continued to consolidate strong gains last month.

The S&P 500 (SPX) was 5 points, or 0.2%, lower at 1,992.21, as
Retail Sales Rise,
utilities and energy-sector stocks led losses. The Dow industrials
Match Expectations
(DJI) dropped 17 points, or 0.1%, to 17,031.22. The Nasdaq
in August
Composite (RIXF) fell 9 points, or 0.2%, to 4,582.16.
FROM OUR SPONSORS
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1/4
9/12/2014
Data: Friday's data on retail sales and consumer sentiment pointed at
Market Stream
an improving economy, yet market reaction was muted. Sales at U.S.

retailers rose in August by the largest amount since April, raising
confidence in the economic outlook for the second half of the year.
Retail sales are closely watched because consumer spending is the
backbone of the U.S. economy.
Colin Cieszynski, chief market strategist at CMC Markets, said retail
Ex-FBI director to investigate NFL's

handling of Ray Rice incident
Inside look at VC giant Greylock Partners
sales data didn't provide enough of a surprise to prop up markets.

"The fact that markets did not react positively to data that showed
good growth means that those results have already been fully priced
into stock markets. Investors are focused on FOMC and Scottish
referendum next week," Cieszynski said.
The preliminary September reading on the University of
Michigan/Thomson Reuters consumer-sentiment index rose to the
highest level since July 2013 and topped consensus expectations.
Apples new product bonanza
MOST POPULAR STOCKS
+0.11%
101.54
APPLE INC.
Sept 12
3:55 PM
-0.48%
AAPL
FORD MOTOR CO...
Sept 12
BAC
+1.33%
BANK OF AMERI...
Sept 12
XOM
-1.26%
Separately, the prices paid for goods imported into the U.S. declined
EXXONMOBIL CO...
Sept 12
by 0.9% in August, the biggest drop since last November, led lower by
-1.15%
fuel prices, the Labor Department reported Friday.
AT&T INC.
Sept 12
16.58
3:55 PM
16.79
3:55 PM
95.81
3:55 PM
34.45
3:55 PM
Stocks to watch: Darden Restaurants (DRI) shares rose 1.4% after

adjusted first-quarter results and sales exceeded Wall Street's
projections.
Ulta Salon Cosmetics & Fragrance (ULTA) shares jumped 21% after
the retailer raised its outlook and reported growth in earnings and
sales in the second quarter.
Alliance Data Systems Corp. (ADS), which owns private-label credit
cards and runs loyalty programs, said late Thursday it will buy
Conversant (CNVR) for $35 a share in a deal valued at about $2.3
billion. Alliance shares rose 3.7% and Conversant's share soared
31% to $34.94.
Other markets: In Asia, stocks listed in Japan and Hong Kong finished
lower. The dollar (USDJPY) climbed to a six-year high against the yen
above Yen107.
Meanwhile, European stocks edged up. Gold prices (GCZ4) shed $6
an ounce, and oil futures (CLV4) were flat.
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in August retail sales?
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9/13/2014
Brent Crude Oil
$97.11
-0.97
-1.00%
2014.09.12 end-of-day
WTI Crude Oil
$92.27
-0.56
-0.61%
2014.09.12 end-of-day
Co mmo dities
Crud e Oil
92.27
-0.61%
Na tura l G a s
3.86
+0.88%
G a soline
2.52
-0.21%
He a ting Oil
2.74
-0.57%
G old
1229.90
-0.61%
Silve r
18.55
+0.07%
Cop p e r
3.10
+0.48%
2014.09.12 end-of-day
Add to your site
Price
Change
2014.09.12 - $ 92.27
-0.56 -0.61%
1 Year Forecast
$106 / Barrel
1/2
9/16/2014
Brent Crude Oil
$96.65
-0.46
-0.48%
2014.09.15 end-of-day
Co mmo dities
Crud e Oil
92.92
+0.70%
Na tura l G a s
3.93
+1.88%
G a soline
2.53
+0.47%
He a ting Oil
2.74
G old
1233.60
+0.30%
Silve r
18.56
+0.05%
Cop p e r
3.08
-0.68%
2014.09.15 end-of-day
Add to your site
Price
Change
2014.09.15 - $ 92.92
0.65 0.70%
1 Year Forecast
$106 / Barrel
file:///B:/Users/Srinivas%20V.%20Vadde/Desktop/Uploaded%20Links/Crude%20Oil%20&%20Economy%20Results/Updated%20Crude%20Oil%20and%20Gas
1/1
9/17/2014
Sensex slips 62 points to end below 27k-mark; Sun Pharma down 4% - The Hindu
Business Markets
Sensex slips 62 points to end below 27k-mark; Sun Pharma down 4%

PTI
Falling for third straight session, benchmark Sensex on Thursday slid 61.54 points to end at 26,995.87 its weakest
level in nearly two weeks on sharp losses in bluechips including Sun Pharma, ONGC and Coal India, amid negative
Asian cues on continued US Fed rate hike worries.
The rupee, however, appeared to be rebounding from one-month lows of 60.95 against US dollar and was last trading
at 60.77 levels on good selling of the greenback.
The 30-share BSE Sensex rose to days high of 27,150.78 in early trade but emergence of profit-booking brought it
down. It finally settled below the 27,000-mark as it closed with a loss of 61.54 points, or 0.23 per cent, at 26,995.87
its lowest close since 26,867.55 on September 1.
In 3 straight sessions, it has lost almost 324 points.
Brokers said sentiment was weak on reports of foreign institutional investors and domestic institutional investors
turning sellers, after remaining major buyers for past several sessions, that had helped indices scale new highs.
Besides, profit-booking in recent out-performers and caution ahead of IIP and inflation data scheduled for Friday
release, also affected sentiments, they said.
Among 30-Sensex stocks, Sun Pharma turned distinctly weak and closed 4.3 per cent down on reports of a surprise
inspection by US drug regulator at its Halol plant in Gujarat.
Coal India fell 3.5 per cent on speculation the government will sell a portion of shares at a discount to their market
price. On Wednesday, CCEA has cleared stake dilution in Coal India, ONGC and NHPC via Offer For Sale route.
Shares of ONGC slipped 3.58 per cent.
http://www.thehindu.com/business/markets/sensex-slips-62-points-to-end-below-27kmark-sun-pharma-down-4/article6401237.ece?css=print
1/2
9/18/2014
Brent Crude Oil
$97.70
-1.27
-1.30%
2014.09.18 end-of-day
WTI Crude Oil
$93.07
-1.35
-1.45%
2014.09.18 end-of-day
Co mmo dities
Crud e Oil
93.07
-1.45%
Na tura l G a s
3.91
-2.63%
G a soline
2.56
-0.32%
He a ting Oil
2.71
-1.21%
G old
1225.70
-0.71%
Silve r
18.45
-1.14%
Cop p e r
3.09
-1.58%
2014.09.18 end-of-day
Add to your site
Price
Change
2014.09.18 - $ 93.07
-1.35 -1.45%
1 Year Forecast
$107 / Barrel
1/2
9/22/2014
S&P 500 Falls by Largest Margin in Nearly Seven Weeks | Fox Business
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Seven Weeks
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Pub lished Septemb er 22, 2014 / Dow Jones Newswires
European shares
lower on China
growth concerns
The factors to
consider before
retiring overseas
A keg robot on
wheels
REUTERS

Ahead of the Bell:
U.S. Home Sales
U.S. stocks closed sharply lower on Monday, with the S&P 500 falling
Print
by its largest margin in nearly seven weeks.
Em ail
Share
Investors turned skittish as they fretted about falling commodity prices
China Weighs on
and concerns about global growth.
Markets as Silver
Dives Again
A decline in economic activity in August, measured by Chicago

Federal Reserve as well as a drop in existing-home sales contributed
RELATED STOCKS
Stocks Move Lower
to the dour Wall Street mood.
DRC
81.97
DRESSER-RAND...
+2.06
on China Economic
Worries
The S&P 500 (SPX) closed 16.11 points, or 0.8%, lower at 1,994.29.
The Dow Jones Industrial Average (DJI) dropped 107.06 points, or
BABA
89.89
0.6%, to 17,172.68. The Nasdaq Composite (RIXF) fell 52.10 points,
ALIBABA GROU...
-4.00
or 1.1%, to 4,527.69.
HSBC
53.67
HSBC HOLDING...
-0.28
EMC
29.68
EMC CORP....
+0.15
EMCORE Selling
Space Solar
Business to Veritas
AAPL
APPLE INC....
Capital
Randy Frederick, managing director for active trading and derivatives

at Charles Schwab, said that market volatility is expected to rise in the
next several weeks.
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"The end of tapering in October will coincide with midterm elections,

101.06
+0.10
which is historically a volatile period for stocks. We would caution
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investors in the near term and hedge against 3%-5% pullback,"

Frederick said.
http://www.foxbusiness.com/markets/2014/09/22/markets-slip-as-china-weighs-on-stocks/
INVESTING
More Stories
1/4
9/22/2014
Data released on Monday, shows U.S. economic activity was

lackluster in August. Sales of existing homes unexpectedly declined in
August, for the first time in five months, the National Association of
Realtors reported Monday. NAR attributed the drop to fewer all-cash
sales to investors.
China worries festering: Hong Kong's Hang Seng Index fell to twomonth lows on Monday as traders worried ahead of the HSBC
What is needed to turn Yahoo

around?
Can Dem andw are Make You Money?
In defense of short selilng
estimate for China's September purchasing managers index, due

after the close of U.S. markets.
Any number under 50 -- indicating contraction -- could mean more
losses for Asia markets, barring meaningful stimulus measures. At a
G-20 meeting over the weekend, China's Finance Minister Lou Jiwei
said the country is facing downward pressure, but won't "make major
policy adjustments" due to changes in any individual economic
indicator.
"We're not going to see this wall of money thrown at the Chinese
slowdown," Stuart Beavis, head of institutional equity derivatives at
Vantage Capital Markets in Hong Kong, told Bloomberg News.
Stocks to watch: Alibaba shares fell 4.3% on the second day of
trading. With the e-commerce company's underwriters set to exercise
an option to sell additional shares, the IPO is now officially the world's
largest, Dow Jones Newswires reported Sunday.
Shares in Apple, Inc.(AAPL) closed slightly higher after the company
said iPhone 6 sales topped 10 million during the first weekend, a new
Apple record.
AutoZone Inc. (AZO) reported fiscal-fourth quarter earnings that
topped estimates, but sales were slightly below forecasts. Shares
were dropped 4%.
Dresser-Rand Group Inc. (DRC) gained 2.6% after German
engineering company Siemens AG announced a deal to buy the U.S.
oil-equipment maker for $7.6 billion.
Shares of Sigma-Aldrich Corp. soared 33% after Merck & Co. Inc.
(MRK) said Monday it will pay $140 per share for the life-science and
technology company, a price that values the company at around $17
billion. (Read more about the day's notable movers here:
http://www.marketwatch.com/story/alibaba-autozone-in-spotlight2014-09-21.)
Other markets: Silver(SIZ4) prices fell to four-year lows on Monday on
dollar strength. Gold (GCZ4) recovered and settled $1.30 higher at
$1,217.90 per ounce. The dollar was largely unchanged but hovered
around Yen109.15 Monday, just under a six-year high reached Friday.
2/4
9/22/2014
Search for 500-year-old shipw reck could rew rite
Australia's history
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Caterpillar Says Machinery Sales Fell in August
Islam ic State Says It Has Beheaded Another Journalist
RadioShack is Talking to a Major Vendor
Review : New iPhones aren't first to go large, but they
elim inate a big reason to sw itch
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A look ahead to the 4Q
Lawmakers leave DC to
campaign for midterm
elections
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Weeks
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SEC Announces Largest Reward Ever

Reuters
Treasury Takes Aim at Corporate

Tax Inversions
The Treasury Department said it will
crack down on techniques by many U.S.
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burden by moving overseas.
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Mortgage Lending Fell in '13 as Rates

Rose: Report

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Philly Fed Chief Plosser to Retire in

March 2015
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9/23/2014
Brent Crude Oil
$96.97
-1.42
-1.46%
2014.09.22 end-of-day
WTI Crude Oil
$91.52
-0.89
-0.97%
2014.09.22 end-of-day
Co mmo dities
Crud e Oil
91.52
-0.97%
Na tura l G a s
3.85
+0.34%
G a soline
2.58
-1.03%
He a ting Oil
2.69
-1.10%
G old
1216.80
+0.12%
Silve r
17.70
-0.46%
Cop p e r
3.04
-1.66%
2014.09.22 end-of-day
Add to your site
Price
Change
2014.09.22 - $ 91.52
-0.89 -0.97%
1 Year Forecast
$105 / Barrel
1/2
9/23/2014
Wall Street Closes Down on Geopolitical Tension | Fox Business
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Pub lished Septemb er 23, 2014 / Reuters
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U.S. stocks fell on Tuesday, with consumer staples leading the S&P
500 down to its third straight daily loss, as investors grew concerned
about the pace of global economic growth.

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The day's losses were broad, with all ten primary S&P sectors down.
Consumer staples <.SPLRCS> were the weakest on the day, off 0.9
percent, while industrials <.SPLRCI> lost 0.8 percent.
Inflation Watch as
Fed Hawks Retire
Wall Street's losses tracked Europe's <.FTEU3> 1.3 percent slump,

after data showed a contraction in French business activity and
slower growth in German manufacturing this month.
Graduating with
The European data "is a little concerning," said David Lebovitz, global
Less Debt
market strategist for J.P. Morgan Funds in New York. "We didn't
expect things to improve there forever and always, but we are seeing
a bit of a slowdown, which is weighing a bit."
Stocks Move Lower
on China Economic
Unrest abroad added an element of caution to the market after the
Worries
launch of U.S. air strikes in Syria against Islamic State fighters. The
tension lifted crude oil prices <CLc1> 0.6 percent to $91.44 per
barrel.
http://www.foxbusiness.com/markets/2014/09/23/wall-street-closes-down-on-geopolitical-tension/
FROM OUR SPONSORS
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9/23/2014
"It will be important to see how this issue plays out, but so far oil has
What's this?
been pretty well behaved," Lebovitz said. "So long as it remains under
Morning Biz Outlook
$100, markets should be able to take this in stride. Past that level, it
will become a drag on consumption."
percent, to 1,982.77 and the Nasdaq Composite <.IXIC> dropped

Military Action Against ISIS Weighs on Stocks
EMCORE Selling Space Solar Business to Veritas
Capital
The S&P 500 fell for a third consecutive session and closed below its
14-day moving average for a second straight day, a sign of weak
near-term momentum.
MOST POPULAR STOCKS
The Russell 2000 <.TOY> fell 0.9 percent, and the small cap index's
BABA
ALIBABA GROUP...
-3.03%
87.17
Sept 23
4:00 PM
50-day moving average fell slightly under its 200-day moving average,
a condition known as a "death cross," which many investors view as
+1.56%
102.64
APPLE INC.
Sept 23
4:00 PM
-1.16%
AAPL
indicating a coming bear market.

FORD MOTOR CO...
Sept 23
BAC
+0.12%
CarMax Inc <KMX.N> was the biggest S&P 500 decliner on the day,
off 9.5 percent to $47.80 after earnings missed expectations and
BANK OF AMERI...
Sept 23
XOM
-0.53%
16.17
4:00 PM
17.05
4:00 PM
same-store sales that fell from the prior year.

EXXONMOBIL CO...
CF Industries <CF.N> jumped 5.3 percent to $269.37 as the
Sept 23
96.03
4:00 PM
benchmark index's biggest gainer. The fertilizer company is in talks

about a merger of equals with Norway's Yara <YAR.OL>.
Bed Bath & Beyond <BBBY.O> rose 6.9 percent to $67 in after-hours
trading after the company reported its second-quarter results, which
included a 3.4 percent rise in same-store sales.
More than two-thirds of stocks traded on both the New York Stock
Exchange and the Nasdaq closed lower on the day. About 5.78 billion
shares traded on all U.S. platforms, according to BATS exchange
data, below the month-to-date average of about 6 billion.
(Reporting by Ryan Vlastelica; Editing by Nick Zieminski)

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EMCORE Selling Space Solar Business to Veritas Capital
Trial begins on dam ages for w om an, daughter w ho
survived plane crash into their New York hom e
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9/23/2014
S
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Gold prices ready to tumble
further?
Lawmakers leave DC to
campaign for midterm
elections
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REUTERS
Stocks Close in the Red on

Geopolitical Tension
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WTO Cuts World Trade Growth

Forecast
Stocks closed down for the third day

straight, with the Dow falling over 110
points, as investors weighed signs of
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Geopolitical Jitters Spark Wall Street Selloff | Fox Business
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Mixed readings on the U.S. economy also weighed on the broader
What's this?
market. According to the Labor Department, the number of
Morning Biz Outlook
Americans filing for unemployment benefits rose 12,000 to a

seasonally adjusted 293,000 last week. Economists polled by
Thomson Reuters projected initial jobless claims of 300,000.
Meanwhile, orders for long-lasting manufactured goods in August
posted its steepest drop on record. New orders fell 18.2% compared
to July, more than expectations for a 17.5% drop.

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The Commerce Department will release its third reading on secondquarter gross domestic product Friday. Based on the latest update,
GDP grew at a seasonally adjusted annual rate of 4.2%. GDP
contracted 2.1% in the first quarter.
Thursdays selloff hit the technology sector particularly hard, with
Apple (AAPL) leading the way. The Nasdaq, which is down about
2.5% since Fridays close, is now on pace to book its worst week
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Apple was forced to pull an update for its newest mobile operating
system, iOS 8, after users reported issues. The consumer tech giant
released a workaround to fix the issue on Thursday, but Apple shares
still fell 3.8% to $98.87.
On the corporate front, education publisher Scholastic (SCHL)
tumbled 5.7% after reporting a wider-than-expected loss for the first
quarter. DirecTV (DTV) traded 42 cents lower at $86.39.
Shareholders of the satellite television provider voted in favor of
DirecTVs sale to AT&T (T).
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Tech trouble sparks wave of selling on Wall Street - Sep. 25, 2014
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Tech trouble sparks wave of selling on Wall Street

By Matt Egan @mattmegan5 September 25, 2014: 4:18 PM ET
Don't sweat the market's dip
77
77
TOTAL SHARES
NEW YORK (CNNMoney)
Apparently it's not just iPhones that can bend. So can the will of bullish investors.
Apple (AAPL, Tech30) and other technology stocks took a tumble on Thursday, driving the Nasdaq deeply into the red: almost
down 2%.
But it's not just tech stocks that had a bad day. The Dow dove 264 points and the broader S&P 500 slumped 1.6%.
The sea of red leaves Wall Street with its fourth decline in five days and erases Wednesday's big rally.
"There are definitely some flashing warning signs in the market. I've heard people more nervous today than in a while," said
John Guarino, co-founder of hedge fund Quad Capital. "People aren't really talking about buying today's dip."
Related: There's a 'death cross' in the stock market
Extreme fear: It seems fear is back in vogue on Wall Street -- just in time for Halloween.
CNNMoney's Fear & Greed Index is now flashing "extreme fear," compared with just "fear" a week ago. Very recently, this
gauge was in all-out "greed" territory.
Safe haven demand, a key metric in the Fear & Greed Index, switched to "extreme fear" from "neutral" earlier this week.
"Equity investors are concerned about the second, third and fourth largest economies in the world slowing down," said Art
http://money.cnn.com/2014/09/25/investing/stock-tech-selloff-apple-wall-street/index.html?iid=Lead
1/3
9/25/2014
Hogan, chief market strategist at Wunderlich

Securities, referring to trouble in China,
Japan and Europe.
While the U.S. economy continues to chug
along, recent economic data out of Europe
suggest the continent has been hurt by the
sanctions slapped on Russia.
The other two key economic powerhouses
China and Japan continue to grapple with
their own headwinds.
Guarino also pointed to growing concerns
about how lower quality bonds will perform
as the Federal Reserve cuts back on stimulus.
The iShares high yield corporate bond ETF
(HYG) slid 0.7% on Thursday.
Related: Fear factor - Investors are scared again
Sour Apple: Apple has been in the news for all the wrong reasons over the past few days.
The tech giant slid 3.8% on Thursday in the wake of apparent glitches with its iOS software update. Some Apple customers
have also complained that the new iPhone 6 Plus is bendable, although the company said complaints have been minimal.
As the world's largest company, Apple tends to have an outsize impact on the stock market. It's not listed on the Dow, but
Apple has the largest weighting on the S&P 500.
"It's the last thing you bought so it's the first thing you sell. It's big and liquid," said Michael Block, chief strategist at Rhino
Trading Partners.
Other tech stocks are also under pressure, sparking the 1.9% drop for the Nasdaq. Big losers include Apple supplier Avago
Technologies (AVGO), SanDisk (SNDK) and biotech names like Celgene (CELG) and Biogen (BIIB).
Related: Zero Hedge is Wall Street's daily dose of doom & gloom
Strong dollar, weak stocks: American stocks have also been hurt by the stronger U.S. dollar, which is now trading at levels not
seen in more than four years.
The greenback is rallying on signs the Fed is moving ahead with plans to raise rates next year even as other central banks are
adding more juice to the easy-money punchbowl.
While a stronger dollar can be a positive in the medium to long term, it's often a short-term negative for multinational stocks
and commodities like oil.
First Published: September 25, 2014: 12:01 PM ET
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Sensex, Nifty drop to 1-month lows - The Hindu
Business Markets
Sensex, Nifty drop to 1-month lows

PTI
Slumping for third straight day, the Sensex dropped 276 points and Nifty fell over 90 points to end at one-month lows
on Thursday as metal, power and banking bluechips crumbled due to coal mines de-allocation while the oil and gas
sector was hit by selling on deferment of a hike in gas price.
Investor confidence appeared to plummet as heavy selling was seen mostly across-the-board. Not just blue-chips, twotier counters too bore the brunt of heavy sell-off, said traders. Realty, capital goods, auto and consumer durable
shares were also at the receiving end, they added.
Besides, caution prevailed on the last day of September derivative contracts that also influenced market sentiments.
The benchmark S&P BSE 30-share Sensex initially touched a high of 26,814.20 on the back of firm Asian cues
prompted by strong closing on Wall Street on Wednesday after robust US housing data for August.
Later, however, emergence of selling pulled it down to a low of 26,349.55 before recovering some ground and
concluding at one-month low of 26,468.36, a fall of 276.33 points or 1.03 per cent. In straight three days, it has
plunged by 738.38 points or 2.71 per cent.
Pramit Brahmbhatt, Veracity Group CEO said, For the third session in row, local indices fell. ONGC and RIL lost
over 3 per cent each as government deferred decision on gas price hike. Indices are heading towards to post its first
weekly fall in seven weeks.
As many as 23 Sensex stocks closed with losses led by Axis Bank, SBI, Hindalco, BHEL and ICICI Bank. However, TCS,
Dr Reddys and GAIL closed higher among seven Sensex gainers.
Similarly, the wide-based 50-issue CNX Nifty of the NSE also settled sharply down by 90.55 points at its one-month
low of 7,911.85. It has logged an intra-day low of 7,877.35.
Metal stocks such as Jindal Steel and Power, Tata Steel, Hindalco, Bhushan Steel, Usha Martin, Monnet Ispat
remained under pressure due to Supreme Court cancelling 214 mines.
We believe that the coal block cancellation could adversely impact Indias nascent economic recovery...The impact
will be felt across various channels and lead to a rise in non-performing assets of banking sector, an increase in the
cost of coal and in turn a rise in power tariffs..., said India Ratings & Research.
Keywords: Sensex closing figures, coal block de-allocation, coal block cancellation, stock markets reaction
Printable version | Sep 26, 2014 2:37:11 AM | http://www.thehindu.com/business/markets/sensex-nifty-drop-to1month-lows/article6445959.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-nifty-drop-to-1month-lows/article6445959.ece?css=print
1/1
9/25/2014
WTI Crude Oil, Gas, and Metals Prices.html
WTI Crude Oil
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2014.09.25 end-of-day
Co mmo dities
Crud e Oil
92.53
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3.97
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G a soline
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+0.21%
Silve r
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Cop p e r
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Wall St. ends down on Hong Kong tensions, Ford outlook: Thomson Reuters Business News - MSN Money
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Wall St. ends down on Hong Kong tensions,

Ford outlook
September 29, 2014 5:00 PM ET
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By By Caroline Valetkevitch
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NEW YORK (Reuters) - U.S. stocks ended lower on Monday following protests in Hong Kong that added to worries
about Chinese growth and after a disappointing forecast from Ford Motor Co.
The S&P consumer discretionary sector, down 0.6 percent, had the most losses. Ford shares fell 7.5 percent and
the stock was the S&P's biggest percentage decliner after it lowered its outlook late during the session, saying
North American margins will be at the low end of its previous guidance.
But the market ended well off its lows as worries about tensions in Hong Kong started the day off with losses of
nearly 1 percent.
"The market continues to get hit with a lot of negative news, and the latest was the problems in Hong Kong," said
Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.
But investors might take a more upbeat view of the market heading into the fourth quarter and ahead of third-quarter
earnings, he said.
APPLE Inc (AAPL)
54 Stories...
TIBCO SOFTWARE INC (TIBX)
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33 Stories...
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CNBC
The Wall Street Journal
The Associated Press
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Bloomberg
The Dow Jones Industrial average fell 41.93 points, or 0.25 percent, to 17,071.22; the S&P 500 lost 5.05 points, or
0.25 percent, to 1,977.8; and the Nasdaq Composite dropped 6.34 points, or 0.14 percent, to 4,505.85.
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The largest percentage gainer on the New York Stock Exchange was Athlon Energy Inc, which rose 24.80 percent,
while the largest percentage decliner was Civeo Corp, down 49.59 percent.
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InvestorPlace
Besides Ford, the most active shares on the NYSE included Brazil's Petrobras , down 10.69 percent to $14.70.
GlobeNewswire
Marketwire
"Seasonally, we're entering perhaps a favorable period for the equity market," Hellwig added.
On the Nasdaq, Tibco Software Inc , up 21.2 percent at $23.65; Apple Inc, down 0.6 percent at $100.11, and Zynga
Inc, down 1.4 percent at $2.79, were among the most actively traded.
Declining issues outnumbered advancing ones on the NYSE by 1,801 to 1,271, for a 1.42-to-1 ratio on the
downside. On the Nasdaq, 1,502 issues fell and 1,183 advanced for a 1.27-to-1 ratio favoring decliners.
The benchmark S&P 500 index posted 13 new 52-week highs and 12 new lows. The Nasdaq Composite recorded
40 new highs and 129 new lows.
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top of the page, they will appear here.
(Editing by Nick Zieminski and Andre Grenon)

(c) Copyright Thomson Reuters 2014. Click For Restrictions - http://about.reuters.com/fulllegal.asp
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2.59
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Markets Get Thrashed Amid Global Fears | Fox Business
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September checked in at 56.6. Economists polled by Thomson
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Reuters were looking for a reading of 58.5. August construction

spending booked a surprise decline, falling 0.8% compared to
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MOST POPULAR STOCKS

Ebola rattles the markets
Another catalyst for the selloff came Tuesday evening when the
Centers for Disease Control and Prevention confirmed the first case
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of the Ebola virus in the U.S. The patient was put in isolation at a
Dallas hospital, and the CDC said it expects to prevent Ebola from
spreading.
Given the struggle for equities, investors flocked to government bonds
as a safe haven. Yields on the benchmark 10-year Treasury note fell
to about 2.41% from Tuesdays 2.51%.
AAPL
-1.56%
APPLE INC.
Oct 1
-1.35%
FORD MOTOR CO...
Oct 1
BABA
-3.10%
ALIBABA GROUP...
Oct 1
GE
-1.80%
GENERAL ELECT...
Oct 1
BAC
-1.35%
BANK OF AMERI...
Oct 1
99.18
4:14 PM
14.59
4:01 PM
86.10
4:00 PM
25.16
4:00 PM
16.82
4:03 PM
On the corporate front, General Motors (GM) climbed 1.7% after

providing a financial outlook at a conference for investors and
analysts. The automaker forecasted improved margins that will
outpace rival Ford Motor Co. (F).
Shares of Ford were down 1.4% after the company reported
September auto sales that fell year-over-year. Sales increased for
GM, Toyota (TM) and Honda (HMC), although the two Japanese
automakers were trading in negative territory.
Angies List (ANGI) soared 19% on a report that the review website
hired bankers to explore a possible sale.
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Wholesale New York Harbor gasoline climbed about a penny to $2.45
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U.S. equity markets capped the trading

session deep in the red Wednesday. All
three major indices dropped more than
1% amid concerns over growth
prospects in the U.S. and overseas.

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Threat to the
Septem ber
Stock Market
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Insurance?
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Brent Crude Oil
$94.16
-0.51
-0.54%
2014.10.01 end-of-day
WTI Crude Oil
$90.73
-0.43
-0.47%
2014.10.01 end-of-day
Co mmo dities
Crud e Oil
90.73
-0.47%
Na tura l G a s
4.02
-2.44%
G a soline
2.45
+0.51%
He a ting Oil
2.66
+0.19%
G old
1214.60
+0.34%
Silve r
17.21
+1.19%
Cop p e r
3.03
+0.92%
2014.10.01 end-of-day
Add to your site
Price
Change
2014.10.01 - $ 90.73
-0.43 -0.47%
1 Year Forecast
$104 / Barrel
1/2
10/3/2014
Brent Crude Oil
$93.42
-0.74
-0.79%
2014.10.02 end-of-day
Co mmo dities
Crud e Oil
91.01
+0.31%
Na tura l G a s
3.93
-2.31%
G a soline
2.41
-1.69%
He a ting Oil
2.64
-0.67%
G old
1214.20
-0.03%
Silve r
17.00
-1.23%
Cop p e r
3.00
-1.23%
2014.10.02 end-of-day
Add to your site
Price
Change
2014.10.02 - $ 91.01
0.28 0.31%
1 Year Forecast
$104 / Barrel
file:///C:/Users/Srinivas%20V.%20Vadde/Desktop/Brent%20Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/1
10/4/2014
Brent Crude Oil
$92.31
-1.11
-1.20%
2014.10.03 end-of-day
WTI Crude Oil
$89.74
-1.27
-1.42%
2014.10.03 end-of-day
Co mmo dities
Crud e Oil
89.74
-1.42%
Na tura l G a s
4.04
+2.65%
G a soline
2.38
-1.29%
He a ting Oil
2.62
-0.83%
G old
1192.20
-1.85%
Silve r
16.78
-1.32%
Cop p e r
2.99
2014.10.03 end-of-day
Add to your site
Price
Change
2014.10.03 - $ 89.74
-1.27 -1.42%
1 Year Forecast
$103 / Barrel
1/2
10/7/2014
Sensex tumbles to 2-month low; down 296 points - The Hindu
Business Markets
Sensex tumbles to 2-month low; down 296 points

Stock indices fell sharply ahead of the announcement of second quarter financial results by corporates as buying
interest by foreign institutional investors (FIIs) had vanished.
However, the rupee closed at 61.43 a dollar compared to 61.61 on Wednesday, the last trading day. The rupee
strengthened to 61.30 intra-day.
The Bombay Stock Exchange (BSE) 30-share Sensitive Index (Sensex) closed at 26271.97 with a loss of 296.02 points
or 1.11 per cent.
All sectoral indices ended in the red. Metal stocks lost the most with 2.65 per cent, followed by healthcare 1.85 per cent.
On the National Stock Exchange (NSE) the 50-share Nifty closed at 7852.40 with a loss of 93.15 points or 1.17 per cent.
After a long weekend, the equity benchmarks were seen resuming the declining bias on Tuesday and lost more than a
percent in the end, said Jayant Manglik, President-retail distribution, Religare Securities Limited.
Though the Nifty index started with flat tone but selling pressure in metal and capital good counters gradually pushed
it below 7900 mark. Weakness in global markets and lack of buying interest from FIIs were the main reason for the
decline, said Mr. Manglik.
Keywords: Stock market, BSE, Nifty, Capital outflow, Retail investors, Capital market
Printable version | Oct 7, 2014 11:36:49 PM | http://www.thehindu.com/business/markets/sensex-tumbles-to2month-low-down-296-points/article6478471.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-tumbles-to-2month-low-down-296-points/article6478471.ece?css=print
1/1
10/7/2014
Global stocks lower after Wall Street edges down, World Bank cuts Asian growth forecast | Fox Business
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Published October 07, 2014 / Associated Press
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BANGKOK
Global stocks were mostly lower Tuesday after Wall

Oil Slips Amid
Weak German
Industrial Output
Data
Street edged down and the World Bank trimmed its Asian growth
forecast.
Share
KEEPING SCORE: Germany's DAX fell 0.9 percent to 9,127.05

and France's CAC-40 lost 0.8 percent to 4,253.72. Wall Street
Gold Steadies as
Bearish Sentiment
looked set for more declines, with futures for the Dow Jones
Prevails
industrial average and Standard & Poor's 500 down 0.3 percent in
pre-market trading. On Monday, the S&P shed 0.2 percent and the
DJ lost 0.1 percent.
AT&T says some

customers being
informed of August
ASIA'S DAY: Tokyo's Nikkei 225 declined 0.7 percent to 15,783.83
data breach
while Hong Kong's Hang Seng gained 0.4 percent to 23,408.19.

Seoul's Kospi was up 0.2 percent at 1,972.91. Sydney's S&P ASX
200 lost 0.2 percent to 5,284.20 and India's Sensex was off 0.6
Dave Says Pay
percent at 26,404.29. Singapore, Taiwan, Jakarta and New
Down That
Mortgage
Zealand also fell.
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1/3
10/7/2014
WALL STREET: Stocks fell despite corporate news including
Morning Biz Outlook
Hewlett Packard Co.'s announcement it will split into two

companies. The U.S. Federal Reserve was due to release notes on
its latest meeting, and investors were looking for signs of when the
Fed might raise rates a move that for now is not expected until
mid-2015.
WORLD BANK: The World Bank trimmed its growth forecast for
developing East Asian economies to 6.9 percent from an outlook of
Coffee Prices Hit a 2 -Year High, Holiday Sales

Expected to Rise
7.1 percent in April. The bank said China, the region's biggest
Wayfair Rises, Westport Innovations Cuts

Forecast
economy, should grow by 7.2 percent, declining to 7.5 percent next

year, as the government tries to shift from reliance on trade and
investment to growth driven by domestic consumption.
MOST POPULAR STOCKS
AAPL
ANALYST'S VIEW: "Investors are also weighing improving

fundamentals in the U.S. versus deteriorating conditions in Asia,
especially after the World Bank downgraded growth forecasts in
China and developing East Asia yesterday," said Desmond Chua of
CMC Markets in a report.
EUROPE: Germany was due to report factory data that were
expected to show a contraction in activity in August for the first time
-0.14%
APPLE INC.
Oct 7
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FORD MOTOR CO...
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ALIBABA GROUP...
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GE
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GENERAL ELECT...
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BANK OF AMERI...
Oct 7
99.48
1:49 PM
14.21
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88.48
1:49 PM
25.11
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17.04
1:49 PM
in 15 months. Analysts blame weak demand in other Eurozone

markets and tensions with Russia that have weighed on trade.
Earlier data showed auto production fell sharply in August while
business confidence surveys also showed a decline in
manufacturing.
ENERGY: Benchmark U.S. crude added 12 cents to $90.44 per
barrel in electronic trading on the New York Mercantile Exchange.
The contract gained 60 cents on Monday to close at $90.34. Brent
crude, used to price international oils, shed 16 cents to $92.63.
CURRENCIES: The dollar declined to 108.61 yen from Monday's
108.82. The euro edged down to $1.2630 from the previous
session's $1.2653.
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[What's This?]
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2/3
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S
S
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DJIA
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Amid rising national health-care costs,

Wal-Mart said Tuesday it will eliminate
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who work fewer than 30 hours per week.

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Red Ink Returns on Wall Street Amid Global Jitters | Fox Business
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By Matthew Rocco / Published October 07, 2014 / FOXBusiness
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Wall Street saw sharp losses Tuesday, with the Dow posting its
Share
Oil Slips Amid

Weak German
Industrial Output
Data
worst daily decline since July 31, as worries over international

growth were reignited.
Todays Markets
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The Dow Jones Industrial Average shed 272 points, or 1.6%, to
HLF
45.68
HERBALIFE LT...
-1.62
MON
MONSANTO CO....
AT&T says some

customers being
108.23
-2.23
informed of August
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16719, the S&P 500 dropped 29.7 points, or 1.5%, to 1935, and the
Herbalife Execs: All

But Certain FTC
Won't Shut Down
Traders have grown more concerned over lagging economic growth

across the globe. In Germany, Europes largest economy, August
Company
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AA
15.95
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global growth amid weakness in emerging markets and the
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eurozone. The IMF projected growth of 3.8% in 2015, down from its
five years. On Monday, another report showed the biggest monthly

Gold Rises After
drop in industrial orders since 2009.
IMF Cuts Forecast,

German Data Lags
Meanwhile, the International Monetary Fund slashed its outlook for
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1/3
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Tuesdays losses also come ahead of the unofficial start of
Morning Biz Outlook
earnings season. Yum Brands (YUM) is out with its third-quarter

results after the closing bell Tuesday, while aluminum maker Alcoa
(AA) is scheduled to report earnings after the close of trade
Wednesday. Also on the docket for Wednesday is agricultural giant
Monsanto (MON).
On the corporate front, Herbalife (HLF) fell 3.4% to $45.68 after

FOX Businesss Charlie Gasparino reported the nutrition company
Coffee Prices Hit a 2 -Year High, Holiday Sales

Expected to Rise
expects disciplinary action from the Federal Trade Commission.
Wayfair Rises, Westport Innovations Cuts

Forecast
General Motors (GM) tumbled 5.9% to $31.77 as Morgan Stanley

cut its price target to $27 a share from $29.
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Oct 7
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98.75
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In commodities, West Texas Intermediate crude oil slid $1.47, or

1.6%, to $88.87 a barrel. Wholesale New York Harbor gasoline was
down four cents, or 1.8%, at $2.37 a gallon.
FORD MOTOR CO...
Oct 7
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ALIBABA GROUP...
Oct 7
BAC
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16.88
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Amanda Bynes says she's engaged to 19-year-old baitselling boyfriend, report says
Ford adding 1,000 new jobs at its Canadian plant in
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Workers stunned by announcement that Verso paper mill in
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The International Monetary Fund cut its

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third time this year on weak growth in
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S&P 500 Falls to Nine-Week Low on Global Growth Concern
MARKET NEWS: Stocks tumble on Europe worries; Dow drops 272 points | Check indexes
S&P 500 Falls to Nine-Week Low on Global Growth

Concern
Bloomberg
Oliver Renick
50 mins ago
U.S. stocks declined, with the Standard & Poors 500 Index slumping to a nine-week low,
as the International Monetary Fund cuts it growth forecast and warned of frothy
equities amid signs of slowing growth in Europe.
The S&P 500 sank 1.5 percent to 1,935.01 at 4 p.m. in New York to the lowest level since
Aug. 12. Todays slide was the biggest in almost three weeks. Selling accelerated in
afternoon trading as index futures contracts expiring in December slipped below 1,940, a
level where two previous declines had ended earlier today.
The Dow Jones Industrial Average lost 274.64 points, or 1.6 percent, to 16,717.27, the
biggest retreat since July 31. The Russell 2000 Index of small companies plunged 1.7
percent. The Chicago Board Options Exchange Volatility Index (VIX) jumped 13 percent to
17.43 today, the highest since March 14.
Its definitely a risk-off day with ugly European data and growth concerns and I think
were seeing some of that negative sentiment just getting ahead of itself here, Mark
Kepner, an equity trader at Chatham, New Jersey-based Themis Trading LLC, said by
phone.
Treasuries rose, with yields on 10-year notes falling to the lowest since Aug. 29, and gold
advanced a second day.
The IMF cut its outlook for global growth in 2015 and warned about the risks of rising
geopolitical tensions and a financial-market correction as stocks reach frothy levels.
http://www.msn.com/en-us/money/markets/sandp-500-falls-to-nine-week-low-on-global-growth-concern/ar-BB7ZJ6D
1/4
10/7/2014
IMF Outlook
The S&P 500 fell yesterday for the first time in three days as small-cap shares resumed a
selloff. The index has fallen 3.8 percent from a record reached Sept. 18 as the Federal
Reserve remains on track to end bond purchases this month. The gauge is up 4.7 percent
this year and has not slid more than 10 percent in three years. The Dows decline today
trimmed its gain in 2014 to 0.9 percent.
According to the IMF report, a sustained period of policy interest rates near zero in
advanced economies has raised the risk that some financial markets may be overheating.
The IMF warning comes three months after the Fed said prices were stretched in some
small-cap and biotechnology shares. Since then, the Nasdaq Biotechnology Index has
rallied 6.6 percent, while the Russell 2000 has fallen 6 percent.
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., said today at the
Fortunes Most Powerful Women Summit that stocks are now in a zone of
reasonableness.
Data today showed German industrial production fell the most since 2009, underscoring
the risk of slowdown in the regions largest economy as concern grows that the European
Central Banks stimulus wont be enough to boost inflation and revive the economy.
Not Perfect
A combination of not-perfect economic data and some geopolitical risk has put doubt in
some investors minds and that brings some volatility, Dan Curtin, the Boston-based
global investment specialist at JP Morgan Private Bank, said in a phone interview. The
dollar surge, Hong Kong protests, Ebola scare and weakening oil prices, somewhere
circled together in those things is the root of this recent pullback.
In Spain health officials isolated two people to see if theyre infected with Ebola after a
Madrid nursing assistant became the first person outside Africa to be diagnosed with the
viral illness.
The Bloomberg Dollar Spot Index, which tracks the greenback against 10 major
currencies, rallied for seven weeks and closed at a four-year high on Oct. 3 as investors
speculated on the timing of an interest-rate increase by the Fed. West Texas Intermediate
oil fell below $90 a barrel last week for the first time in 17 months.
2/4
10/7/2014
Meat, Potatoes
Investors will turn to corporate reports for clues on the strength of the U.S. economy,
with Alcoa Inc. unofficially starting the earnings season after tomorrows close. Profit at
companies in the S&P 500 (SPX) rose 4.9 percent in the July-September period, according
to the average estimate of analysts in a Bloomberg survey.
We dont have earnings data to drive us yet this week and lets face it, thats the meat
and potatoes of the market, Karyn Cavanaugh, the New York-based senior market
strategist at Voya Investment Management LLC, said in a phone interview.
The Federal Open Market Committee will release minutes from its Sept. 16-17 meeting
tomorrow. Investors have been concerned the central bank may raise interest rates
sooner than anticipated as the U.S. economy gains strength. Forecasts for the Fed to raise
interest rates in mid-2015 are reasonable as policy makers wait for unemployment to
fall further and inflation to rise, New York Fed President William C. Dudley said today.
It still is premature to begin to raise interest rates, Dudley said today in a speech in
Troy, New York. The labor market still has too much slack and the inflation rate is too
low.
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The International Monetary Fund cut its global economic growth forecasts for the third time this
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3/4
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Seasonal demand unlikely to halt gold's slide

Even an army of discount-hungry Indian matriarchs won't be enough to arrest gold's slide in the
fourth quarter, a CNBC survey of traders showed.
CNBC
ECB quietly pins its hopes on falling euro

Grappling with an ailing euro zone economy and stagnant prices, the European Central Bank is
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Stocks edge lower; H&R Block sinks - US News
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The Run 2016
US slip, erasing an early gain; H&R

Block slides as sale of banking unit is
delayed
In this Oct. 2, 2014 photo, the statue of George Washington on the steps of Federal Hall faces the facade
of the New York Stock Exchange, in New York. U.S. stocks opened higher Monday, Oct. 6, 2014, as
investors assessed corporate news. (AP Photo/Richard Drew)
Associated Press
Oct. 6, 2014 | 4:11 p.m. EDT
+ More
NEW YORK (AP) U.S. stocks are closing slightly lower, giving up an early gain.
Tax preparer H&R Block slumped 6 percent after the company said that its attempt to sell a banking unit
was getting bogged down.
Hewlett-Packard rose 5 percent after announcing that it is splitting itself in two.
The Dow Jones industrial average fell 17 points, or 0.1 percent, to 16,991 Monday.
The Standard and Poor's 500 index fell three points, or 0.2 percent, to 1,964. The Nasdaq composite fell
20 points, or 0.5 percent, to 4,454.
U.S. government bond prices rose. The yield on the 10-year Treasury note fell to 2.42 percent.
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Stocks edge lower; H&R Block sinks - US News
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Brent Crude Oil
$92.11
-0.68
-0.74%
2014.10.07 end-of-day
WTI Crude Oil
$88.85
-1.49
-1.68%
2014.10.07 end-of-day
Co mmo dities
Crud e Oil
88.85
-1.68%
Na tura l G a s
3.96
+1.49%
G a soline
2.37
-1.90%
He a ting Oil
2.61
-0.54%
G old
1211.70
+0.41%
Silve r
17.19
+0.06%
Cop p e r
3.03
2014.10.07 end-of-day
Add to your site
Price
Change
2014.10.07 - $ 88.85
-1.49 -1.68%
1 Year Forecast
$102 / Barrel
1/2
10/9/2014
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Oil Prices Dip Below $90 for First Time in

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Global oil prices dipped below $90 a barrel for the first time in more
than two years Thursday as investors saw new signs that global
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Both Brent, the global benchmark, and the U.S. standard are trading
more than 20% below a recent high, meeting the definition of a bear
market. Prices have slumped for nearly four months as global
supplies remain ample.
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At the start of PIRA Energy Group's widely attended seminar in New

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to fall, Reuters reported. PIRA is typically considered optimistic on
energy prices, market participants say. The seminar is closed to the
press.

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"There's an entire bearish psychology that seems to be taking hold,"
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said Andy Lebow, senior vice president for energy at Jefferies LLC. "I
think today was a continuation."
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Brent prices fell as low as $89.90 a barrel in intraday trading. Front-
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month November futures settled down $1.33, or 1.5%, at $90.05 a
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"Bottom line, the demand is just not keeping up with supply," said
Tariq Zahir, managing member of Tyche Capital Advisors. "I think we
will continue to go lower."
Mr. Zahir said prices could bounce higher as traders who bet on lower
How to play the markets wild ride
prices lock in profits following the recent steep selloff. If they do, he will
add new wagers on falling prices, he added.
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rem inder
pressuring oil prices. A stronger dollar makes dollar-traded oil more

expensive to buyers using foreign currencies.
Market participants are watching OPEC for signs that the group of oilproducing nations will reduce output to boost prices.
"OPEC has been relatively slow and quiet to respond," said Mike
Corley, president of Mercatus Energy Advisors, a Houston consulting
firm. "The market's going to continue to be well supplied."
OPEC has a meeting scheduled at the end of November, but prices
could rally before then if the group signals that it plans to cut
production, analysts say.
"Overall, demand has to come back up," said Ed Kevelson, head of
U.S. over-the-counter energy at brokerage Newedge U.S.A., which is
owned by Socit Gnrale. For prices to rebound, he said, "you'd
probably have to see a clear Saudi signal of taking their foot off the
pedal some time before the end of November's [OPEC] meeting, and
you'd probably have to see some of the other outside factors," such
as stronger demand growth in China.
November reformulated gasoline blendstock, or RBOB, fell 4.35
cents, or 1.9%, to $2.2749 a gallon, the lowest level since Nov. 30,
2010.
November diesel slipped 3.93 cents, or 1.5%, to $2.5366 a gallon,
the lowest level since June 22, 2012.

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W ll Street Caps the We

Wa
W ek Off
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Wall Stre
r et Caps the Week Off
f in the Red
By Anora
r Ma
M hmudova
v and Carl
r a Mo
M zee, Ma
M rk
r etWa
W tc
t h / Pub lished Octo
t b er 10, 2014 / Dow Jones News
w wi
w re
r s
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Print
E ail
Em
Aft
f er a sharp selloff
f in U.S. stocks on Friday the main benchmarks
record
r ed their deepest weekly declines in more than tw
t o ye
y ars
r .
Share
The tech-heavy
v Nasdaq Composite (RIXF) dro
r pped 102 points, or
Boomer Retirees
Com m ents
2.3%, to 4,276.24 and suff

ffered its wors
r t weekly decline since May
Need a Hand Paying

Down Debt
2012. The index undercut a key support

r leve
v l, pro
r mpting fe
f ars
r of
furt
r her declines.
iPhone Glass Maker
The S&P 500 (SPX) fe

f ll 22 points, or 1.1%, to 1,906.13, losing 3.1%
GT to Cut Jobs,
ove
v r the week, its biggest weekly dro
r p since May 2012. The
Wind Down
Sapphire Plant
benchmark index is a hair's breadth away fro

r m undercutt
t ing its key
support
r leve
v l.
Tech Rewind: H-P

Splits Up, Tesla
The Dow Jones Industrial Ave

v rage (DJI) dro
r pped 115 points, or 0.7%,
Unveils the D
to 16,544.10, and lost 2.7% ove

v r the week. The blue-chip index turned
negative
v fo
f r the ye
y ar and also fe
f ll below its key support
r leve
v l.
Muslim hijabi
The whiplash equity

t move
v s have
v been characterize
z d by a spike in
hipsters fuse
v latility
vo
t (a measure of fe
f ar in the markets) on concerns about slowing
fashion with faith

through modest
global gro
r wt
w h. The widely watched CBOE VIX (VIX) a gauge of
wear
current fe
f ar in the market, surg
r ed 45% ove
v r the week and is at highest
leve
v l since February
r .
htt
t p://
//www.fo
foxbusiness.com/
m marke
k ts/2014/
4 10/
0 10/
0/wall-street-caps-we
w ekk of
off- in-red/
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/
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Wall Street Caps the Week Off in the Red | Fox Business
"Bad economic data is now being viewed as bad and the dovish
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signals from central banks are now being taken as a sign of
Morning Biz Outlook
weakness rather than a reason to ramp up equities," wrote Jonathan

Sudaria, a dealer at Capital Spreads, in a Friday note that highlighted
the rout in European stocks. The Stoxx Europe 600 was looking at its
biggest weekly loss in more than a year, with Germany's economic
ministry saying Friday the growth outlook for Europe's largest
economy is dimming.
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Data: The prices paid for imported goods fell 0.5% in September and
declined for the third straight month, another sign that U.S. inflationary
pressures remain muted. The main reason: falling worldwide oil
prices.
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Stocks to watch: Biggest losses came from the technology sector.
Dow Plunges 335 Points in its Worst Day This

Year
Internet stocks were hit hardest, with the Global X Social Media Index
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Routes
ETF (SOCL) down 3.1%. Twitter, Inc (TWTR) fell 8.8%, while
Facebook, Inc (FB) lost 3.9%.
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Tesla Motors Inc. (TSLA) late Thursday unveiled its latest Model S
car. But shares slid 7.8% .
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maker late Thursday said it plans to split into two publicly traded
companies.
Juniper Networks Inc. (JNPR) fell 9% after a late Thursday warning
that fiscal third-quarter revenue and adjusted earnings are likely to be
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Cologuard test to detect colorectal cancer will be covered by
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outbreak concerns. Alpha Pro Tech's infection control unit makes face
masks and eye shields, and Lakeland makes protective clothing for
health care and first responders.
Other markets: Crude-oil futures ended modestly higher Friday, but
notched weekly losses that were the steepest since January for New
York-traded oil.
Gold futures (GCZ4)edged lower Friday, with a stronger U.S. dollar
trumping a further wave of risk aversion as global equities declined,
taking a cue from a sharp selloff in U.S. stocks a day earlier. The
dollar (DXY) was slightly higher against its rivals after Thursday's fall
to a three-week low. In Asia, Hong Kong's Hang Seng Index and
Tokyo's Nikkei Average fell 1.9% and 1.2%, respectively.
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Thursday's big selloff, closing the week in
the red. The tech-heavy Nasdaq dropped
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Investors on Wall Street avoided another roller coaster

day Friday.
Calendar
What they got instead was a steady, moderate decline

that left the market with its worst weekly performance
since May 2012.
Richard Drew
Technology shares were especially hard-hit.

Semiconductor makers slumped after Microchip
Technology cut its sales forecast for the quarter and
warned investors to expect bad news from others in
the sector.
Trader Richard Devicarro works Friday on the floor of the New

York Stock Exchange. Major U.S. stock indexes got off to an
uneven start in early trading Friday, a day after stocks clocked
their worst day of the year.
That sent shares lower for Avago Technologies, Intel

and Texas Instruments, among others. Microchip
Technology declined the most, shedding $5.59, or
12.3 percent, to $39.96.
The decline capped a week of turbulence in the market
brought on by renewed fears that economic growth in
Europe could be slowing.
October 2014
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The Dow Jones industrial average recorded its biggest gain of the year on Wednesday. The next day, it plunged
334 points, its steepest decline this year.
Saturday Nite UnWine

Sat, Oct 11, 4:00 pm EDT
A lot of investors are trying to come to grips with the pickup in volatility weve suddenly seen during this week,
said David Kelly, chief global strategist for JPMorgan Funds.
The major stock indexes were down in premarket trading Friday.
Detour Winery, Detour
Happy Hour @ J & H

The slide in semiconductor stocks dragged down the tech-heavy Nasdaq composite index, keeping it in the red
all day.
The other indexes flirted with small gains throughout the day, but the course didnt hold. They ended lower for
the fourth time in five days.
Jekyll & Hyde Restaurant & Tavern, Frederick
Lyra Concert
Grace Episcopal Church, Brunswick
All told, the Dow Jones industrial average lost 115.15, or 0.7 percent, to 16,554.10. The Standard & Poors 500
index shed 22.08, or 1.2 percent, to 1,906.13.
Moon Music Duo

The Nasdaq slid 102.10 points, or 2.3 percent, to 4,276.24.

Beans In The Belfry, Brunswick
All three indexes ended lower for the week. For the S&P 500, this was the worst weekly decline since May 18,
2012, when it fell 4.3 percent.
http://www.fredericknewspost.com/public/associated_press/stocks-close-out-worst-week-since-may/article_3a627784-334f-59eb-b4d7-35cd3c5623b2.html
1/4
10/11/2014
Stocks close out worst week since May 2012 - The Frederick News-Post : Associated Press
Negative economic news and a slide in oil prices contributed to the uneasiness on Wall Street this week,
market watchers said.
Germany, which has been the economic powerhouse for Europe, reported on Thursday its biggest monthly drop
in exports in five years. In addition, the International Monetary Fund downgraded its outlook for global economic
growth.
Screamland Farms and Zombie

Paintball
Meanwhile, some traders are interpreting the decline in oil prices as further indication that growth is slowing.
Crumland Farms, Frederick
You put those three factors together and it has investors nervous at the health of the world economy, said Jeff
Kravetz, regional investment director at U.S. Bank Wealth Management.
The volatility in the market this week also came at a time of relatively light corporate news in the U.S. That
changes next week, when a slew of major companies begin to report their latest quarterly results.
Marketplace
Third-quarter earnings season should be pretty reassuring, and I wouldnt be surprised to see money go back
into various stocks as companies surprise to the upside, which is what I expect them to do, Kelly said.
Danny Rohrers
Meats...
Boonsboro, MD
Investors did not appear overly optimistic on Friday.
301-432-8350
Eight of the 10 sectors in the S&P 500 fell, led by technology stocks. Utilities and consumer staples bucked the
trend.
1
The yield on the 10-year Treasury note slipped to 2.29 percent from 2.31 percent late Thursday.
The price of oil steadied but remained down 4 percent for the week on plentiful global supplies and weak
demand.
2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Wall Street
Stocks close out worst week since May 2012
ARTICLE: Apple announcement puts bite in stock market

ARTICLE: Economy outlook pushes stocks higher
ARTICLE: Markets higher as investors await news from Fed
Discuss
Print
Posted in Associated press, Economy and business, Us, New s article, Regular business features on Saturday, October 11,
2014 2:00 am. | Tags:
Wall Street
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Brent Crude Oil
$88.89
-1.32
-1.48%
2014.10.13 end-of-day
WTI Crude Oil
$85.74
-0.08
-0.09%
2014.10.13 end-of-day
Co mmo dities
Crud e Oil
85.74
-0.09%
Na tura l G a s
3.92
+1.46%
G a soline
2.26
He a ting Oil
2.56
G old
1229.30
+0.68%
Silve r
17.29
+0.24%
Cop p e r
3.04
2014.10.14 end-of-day
Add to your site
Price
Change
2014.10.14 - $ 85.74
-0.08 -0.09%
1 Year Forecast
$98 / Barrel
1/2
10/14/2014
Brent Crude Oil
$85.04
-3.85
-4.53%
2014.10.14 end-of-day
WTI Crude Oil
$81.84
-3.90
-4.77%
2014.10.14 end-of-day
Co mmo dities
Crud e Oil
81.84
-4.77%
Na tura l G a s
3.82
-2.62%
G a soline
2.18
-3.44%
He a ting Oil
2.47
-3.42%
G old
1233.60
+0.35%
Silve r
17.35
+0.34%
Cop p e r
3.08
+1.57%
2014.10.14 end-of-day
Add to your site
Price
Change
2014.10.14 - $ 81.84
-3.90 -4.77%
1 Year Forecast
$94 / Barrel
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0 15/
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Brent Crude Oil
$83.78
-1.26
-1.50%
2014.10.15 end-of-day
WTI Crude Oil
$81.78
-0.06
-0.07%
2014.10.15 end-of-day
Co mmo dities
Crud e Oil
81.78
-0.07%
Na tura l G a s
3.80
-0.42%
G a soline
2.15
-1.47%
He a ting Oil
2.46
-0.55%
G old
1244.10
+0.84%
Silve r
17.42
+0.36%
Cop p e r
3.00
-2.68%
2014.10.15 end-of-day
Add to your site
Price
Change
2014.10.15 - $ 81.78
-0.06 -0.07%
1 Year Forecast
$94 / Barrel
1/2
10/16/2014
Sensex plunges 350 points to 2-month low - The Hindu
Business Markets
Sensex plunges 350 points to 2-month low

PTI
The benchmark Sensex on Thursday sunk 350 points to end below the 26,000-mark after a gap of two months on
heavy bout of selling in the second half, tracking turbulence in Europe due to global growth worries.
Besides, the rupee depreciated against the dollar to 61.90 (intra-day) on fears of capital outflows and trade deficit
widening to a 18-month high in September.
The Sensex, which had lost 34.74 points on Tuesday, nosedived by 349.99 points, or 1.33 per cent, to end at 25,999.34,
its weakest closing since August 13.
http://www.thehindu.com/business/markets/global-selloff-sensex-plunges-350-points-to-end-below-26k-mark/article6507010.ece?css=print
1/2
10/16/2014
Sensex plunges 350 points to 2-month low - The Hindu
Intra-day, the 30-share index touched days high of 26,462.08 on continued weakness in global crude price and exit
polls showing the BJP is gaining in Maharashtra and Haryana polls. However, a late sell-off in line with global
markets, pulled it down to hit a low of 25,933.98.
All the BSE sectoral indices led by consumer durables, power and metal finally ended in the negative zone racking up
losses of up to 4.25 per cent. Just four stocks ended in green in the Sensex while 26 counters fell.
On similar lines, the broad-based Nifty of the National Stock Exchange cracked the 7,800-mark by falling 115.80
points, or 1.47 per cent, to close at 7,748.20. The gauge moved between 7,893.90 and 7,729.65.
Overall, more than 2,100 stocks closed down while about 750 shares ended higher on the BSE.
Negative global cues and weak macro-economic data pushed the benchmark indices deep in red, said Jayant
Manglik, President-retail distribution, Religare Securities.
Major Sensex losers include RIL, Mahindra and Mahindra, L&T, Infosys, ICICI Bank, SBI, ONGC, HDFC Ltd, HDFC
Bank, Dr Reddys, Bharti Airtel and Tata Power.
European stock markets tumbled over 2 per cent after poor US data raised concerns that the US economy while
continued eurozones woes and Chinas slowdown weighed on sentiment.
Stocks of Bajaj Auto fell 1.72 per cent after the firm reported 29 per cent drop in net profit for September quarter.
In the metal space, Hindalco suffered the most by tumbling over 5.4 per cent, followed by Sesa Sterlite by 4 per cent
and Tata Steel down 3.57 per cent.
Sectorwise, BSE Consumer Durables index suffered the most by falling 4.10 per cent, followed by Power index by 2.94
per cent. Metal index plunged 2.51 per cent and Capital Goods index 2.23 per cent also fell sharply.
Keywords: sensex, BSE, NSE, Nifty, Indian stock market, closing trade
Printable version | Oct 16, 2014 8:32:57 PM | http://www.thehindu.com/business/markets/global-selloff-sensexplunges-350-points-to-end-below-26k-mark/article6507010.ece
The Hindu
http://www.thehindu.com/business/markets/global-selloff-sensex-plunges-350-points-to-end-below-26k-mark/article6507010.ece?css=print
2/2
10/23/2014
Brent Crude Oil
$84.71
-1.51
-1.78%
2014.10.22 end-of-day
WTI Crude Oil
$80.52
-1.97
-2.45%
2014.10.22 end-of-day
Co mmo dities
Crud e Oil
80.52
-2.45%
Na tura l G a s
3.66
-1.42%
G a soline
2.16
-2.68%
He a ting Oil
2.47
-1.61%
G old
1244.80
-0.50%
Silve r
17.19
-1.85%
Cop p e r
3.02
-0.28%
2014.10.22 end-of-day
Add to your site
Price
Change
2014.10.22 - $ 80.52
-1.97 -2.45%
1 Year Forecast
$92 / Barrel
1/2
10/27/2014
U.S. Oil Dives Below $80 After Goldman Cuts Price Forecasts | Fox Business
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Pub lished Octob er 27, 2014 / Reuters
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since June 2012, before paring losses to trade down 34 cents at
$80.65 by 1649 GMT.
Hilsenrath: Supply and
demand behind lower oil
Brent for December fell to a low of $84.55 but also partially recovered
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to last trade down 73 cents on the day at $85.40 per barrel.

http://www.foxbusiness.com/industries/2014/10/27/oil-drops-towards-85-after-goldman-cuts-forecasts/
1/4
10/27/2014
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"The main driver today has been the Goldman Sachs report, we are
Lundberg: Gas Prices

Drop 18 Cents in Tw o
Weeks
obviously in a down market for Brent and WTI (West Texas
Why OPEC Is Trying to

Crash the Oil Market
Capital Advisors.
Market Stream
Intermediate)," said Tariq Zahir, a managing member at Tyche
"However, we have technically been a bit oversold so these little

rebounds can be quite violent," he added, referring to the bounce.
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Microsoft reports 1Q beat on earnings, revenue
Other analysts also said the overall outlook for crude prices was still
gloomy.
AT&T com es up short on 3Q earnings, revenue
The Ifo, a key index of German business sentiment fell to its lowest
level in two years on Monday, adding to concerns about weak
demand and the risk Europe could slip into recession.
Meanwhile a senior Iranian oil official said the Organization of the
Petroleum Exporting Countries (OPEC) was unlikely to reduce its
production ceiling when it meets in November, according to Shana,
Iran's oil ministry news agency.
"I still think we are shooting down to $75 in WTI, fundamentally it looks
like we are flush with supply and no geo-political news has changed
the market direction," said Phillip Streible, senior market strategist at
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RJO Futures in Chicago.

OVERSUPPLY
Oversupply has helped build up oil inventories worldwide.
In the United States, for the first time since January, crude futures look
poised to flip into contango, a structure in which prompt prices are
below longer-dated contracts, typically signaling a weaker market.
The 12-member OPEC cartel meets on Nov. 27 to consider adjusting
its output target of 30 million barrels per day for the first half of 2015.
So far only a minority of members have called for an output cut.
Saudi Arabia has previously sent signals it is comfortable with lower
oil prices and willing to maintain high supply levels to compete for
market share.
Kuwait's oil minister has said there is no negative effect on its
development plan from lower oil prices, state news agency KUNA
reported on Sunday.
Global oil supply remains high despite disruption in producers such
as Iraq and Libya.
2/4
10/27/2014
Yemen resumed exports from its main oil pipeline on Saturday, a day
after an attack by tribesmen temporarily halted flows, industry sources
said.
(By Nia Williams; Additional reporting by Christopher Johnson in
London and Osamu Tsukimori in Tokyo; Editing by Marguerita Choy
and Gunna Dickson)

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Brent Crude Oil
$86.13
-0.70
-0.81%
2014.10.26 end-of-day
WTI Crude Oil
$81.01
-1.08
-1.33%
2014.10.26 end-of-day
Co mmo dities
Crud e Oil
81.01
-1.33%
Na tura l G a s
3.62
G a soline
2.18
-1.16%
He a ting Oil
2.48
-0.69%
G old
1231.20
+0.22%
Silve r
17.14
+0.13%
Cop p e r
3.05
2014.10.26 end-of-day
Add to your site
Price
Change
2014.10.26 - $ 81.01
-1.08 -1.33%
1 Year Forecast
$93 / Barrel
1/2
11/3/2014
Brent Crude Oil
$84.78
-1.08
-1.27%
2014.11.03 end-of-day
WTI Crude Oil
$78.78
-1.76
-2.23%
2014.11.03 end-of-day
Co mmo dities
Crud e Oil
78.78
-2.23%
Na tura l G a s
4.05
+4.28%
G a soline
2.12
-1.43%
He a ting Oil
2.49
-0.84%
G old
1169.40
-0.15%
Silve r
16.17
+0.61%
Cop p e r
3.08
+0.60%
2014.11.03 end-of-day
Add to your site
Price
Change
2014.11.03 - $ 78.78
-1.76 -2.23%
1 Year Forecast
$90 / Barrel
1/2
11/5/2014
Brent Crude Oil
$82.82
-1.96
-2.37%
2014.11.04 end-of-day
WTI Crude Oil
$77.19
-1.59
-2.06%
2014.11.04 end-of-day
Co mmo dities
Crud e Oil
77.19
-2.06%
Na tura l G a s
4.13
+2.01%
G a soline
2.08
-1.91%
He a ting Oil
2.44
-1.93%
G old
1167.40
-0.17%
Silve r
15.93
-1.56%
Cop p e r
3.03
-1.52%
2014.11.04 end-of-day
Add to your site
Price
Change
2014.11.04 - $ 77.19
-1.59 -2.06%
1 Year Forecast
$88 / Barrel
1/2
11/6/2014
Brent Crude Oil
$82.86
-0.09
-0.11%
2014.11.06 end-of-day
WTI Crude Oil
$77.91
-0.77
-0.99%
2014.11.06 end-of-day
Co mmo dities
Crud e Oil
77.91
-0.99%
Na tura l G a s
4.40
+4.77%
G a soline
2.13
+2.04%
He a ting Oil
2.46
+0.81%
G old
1142.30
-0.27%
Silve r
15.39
-0.17%
Cop p e r
3.03
+0.26%
2014.11.06 end-of-day
Add to your site
Price
Change
2014.11.06 - $ 77.91
-0.77 -0.99%
1 Year Forecast
$89 / Barrel
1/2
11/9/2014
Crude Hits Longest Weekly Losing Streak Since '98 | Fox Business
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Crude Hits Longest Weekly Losing Streak

Since '98
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Pub lished Novemb er 07, 2014 / Reuters

Print
Em ail
U.S. crude climbed less than a dollar on Friday but finished down
more than 2 percent for the week, marking the first time the
benchmark has fallen for six straight weeks since December 1998.
Share
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Marathon CEO:
Keystone is key
The Friday rally was driven in part by geopolitical tremors in Ukraine

and the dollar backing off of its four-year high.
Brent crude futures settled up 53 cents at $83.39 per barrel on Friday
but declined nearly 3 percent for the week, the seventh straight week
Warren Buffetts
Berkshire Hathaway
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estimates
down. The last time Brent fell for seven straight weeks ended in
November 2002. The benchmark hit a four-year intraday low of
$81.63 on Wednesday, down from a high above $115 in June. U.S.
crude settled up 74 cents per barrel for the day at $78.65.
What are Congress

first steps post
midterms?
The dollar helped drive both the daily gains and the weekly losses, as
Friday it retreated from its strongest level against a basket of foreign
currencies in over four years. A strong dollar stunts the price of dollardenominated oil benchmarks.

Whats the Deal,
The Ukrainian military accused Russia of sending 32 tanks and
Neil: President
truckloads of troops across the border, which if true would signal an
Obama not listening
end to the lull in violence between the two countries. Renewed fighting
people?
to the American
in the region could disrupt oil flows, throttle supply, and drive
The Real Reason
worldwide prices up.
Republicans Won
Big
However, some traders are skeptical that another flaring of violence in

the region could affect supply and prices.
Oil's Well That's Not
"There's not been a single supply disruption from the Ukraine situation
Ending Well...for
Keystone
in the past four, five months, though this time around it remains to be
seen," said Tariq Zahir of Tyche Capital Advisors.
As Oil Falls, Funds
U.S. job growth increased at a brisk clip in October and
Look to Pipelines,
unemployment fell to a six-year low of 5.8 percent, but missed analyst
Refineries
expectations for even stronger jobs growth.
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http://www.foxbusiness.com/markets/2014/11/07/crude-hits-longest-weekly-losing-streak-since-8/
1/3
11/9/2014
Frigid forecasts for the U.S. Midwest driven by a polar vortex in the
What's this?
next two weeks boosted the market for heating oil, indirectly boosting
Morning Biz Outlook
demand for crude oil which can be refined to heat homes.

Increasing supplies of crude oil from North American shale formations
have weighed heavily on prices this year, creating a glut in world
markets and decreasing demand for oil from the Organization of the
Petroleum Exporting Countries.
OPEC forecast on Thursday that its market share would be 5 percent
Platform Specialty to Acquire Arysta in $3.5B

Deal
smaller by 2018 as shale supplies continued to increase faster than
Mid-Market Pulse Sees Strong Outlook for

Health Care
demand.
But OPEC Secretary-General Abdullah al-Badri said the 12-member
cartel, which pumps a third of the world's oil, was not panicking and
thought prices would recover next year.
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"I think the price will rebound by the second half of next year. But I
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OPEC ministers will meet in Vienna on Nov. 27 to discuss how to
react to falling oil prices and could decide to trim production.
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Money managers cut their net long U.S. crude futures and options
positions by 16,075 contracts to 158,182 in the week to Nov. 4,
according to weekly data released by the U.S. Commodity Futures
Trading Commission on Friday. (Additional reporting by Christopher
Johnson in London and Keith Wallis in Singapore; Editing by
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3/3
11/10/2014
Brent Crude Oil
$82.34
-1.05
-1.28%
2014.11.10 end-of-day
WTI Crude Oil
$77.40
-1.25
-1.61%
2014.11.10 end-of-day
Co mmo dities
Crud e Oil
77.40
-1.61%
Na tura l G a s
4.26
-3.69%
G a soline
2.10
-1.62%
He a ting Oil
2.47
-1.22%
G old
1159.60
-0.86%
Silve r
15.66
-0.27%
Cop p e r
3.03
-0.83%
2014.11.10 end-of-day
Add to your site
Price
Change
2014.11.10 - $ 77.40
-1.25 -1.61%
1 Year Forecast
$89 / Barrel
1/2
11/12/2014
Brent Crude Oil
$80.38
-1.29
-1.60%
2014.11.12 end-of-day
WTI Crude Oil
$77.18
-0.76
-0.98%
2014.11.12 end-of-day
Co mmo dities
Crud e Oil
77.18
-0.98%
Na tura l G a s
4.18
-1.48%
G a soline
2.11
He a ting Oil
2.45
-0.89%
G old
1158.90
-0.34%
Silve r
15.62
-0.29%
Cop p e r
3.03
-0.23%
2014.11.12 end-of-day
Add to your site
Price
Change
2014.11.12 - $ 77.18
-0.76 -0.98%
1 Year Forecast
$88 / Barrel
1/2
11/13/2014
Oil slumps to four-year low as Brent crashes below $80 a barrel | Reuters
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W or k er s dr ill a n ew oil w ell in a fa r m field w it h in sig h t of h ou ses n ea r t h e t ow n of Lon g m on t , Color a do

Oct ober 1 4 , 2 0 1 4 .
CREDIT: REUTERS/RICK WILKING/FILES
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(Reuters) - Oil prices slumped more than 3 percent to four-year
Business
lows on Thursday, with benchmark Brent crashing below $80 a

barrel, after a stockpile surge at the delivery point for U.S. crude
frayed nerves of traders already worried about an oil glut.
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the kingdom to cut output when the Organization of the

Petroleum Exporting Countries meets on Nov. 27.
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Brent settled down $2.46, or 3.1 percent, at $77.92 a barrel, after

plumbing a September 2010 low of $77.83.
U.S. crude finished down $2.97, or 3.9 percent, at $74.21. In
REUTERS SHOWCASE
post-settlement trade, it went as low as $74.07, also a trough
Excise Duty Hike
from September 2010.
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r u pees fr om h ik e in ex cise
du t y on fu el - sou r ce.
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India and the United States settled a dispute

on Thursday that had paraly sed the World
Trade Organization and risked derailing a $1
trillion package of reforms of global customs
procedures. Fu l l A r t i cl e
Wednesday's losses stemming from
comments by Saudi Arabia's oil minister that showed little will by

Chhattisgarh
sterilisation tragedy
India-U.S. deal revives WTO and hope

of world trade reform
Futures of U.S. gasoline blendstock RBOB and heating oil fell to

four-year lows too, with gasoline breaching the $2-per-gallon
mark.
Crude prices, which have slumped some 30 percent since June on
fears of an oversupplied market, plunged below support levels of
http://in.reuters.com/article/2014/11/13/markets-oil-idINKCN0IX2FZ20141113
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Oil slumps to four-year low as Brent crashes below $80 a barrel | Reuters
$80 a barrel for Brent and $75 for U.S. crude.
Sterilisation Deaths
Some market analysts think U.S. crude is on course to break below $70 a barrel.
"Certainly, $70 seems to be the next major target to take out," said Andy Lipow, president of
Lipow Oil Associates in Texas. "There is little in the way of market bears clawing toward
that."
T a in t ed dr u g s su spect ed in
st er ilisa t ion su r g er y dea t h s
Fu l l A r t i cl e
Brent Slumps
Oil fa lls t o fou r -y ea r low
below $8 0 , a w a it s OPEC.
Fu l l A r t i cl e
The losses came after the U.S. government's Energy Information Administration said stocks
at the Cushing, Oklahoma, delivery hub for U.S. crude futures rose 1.7 million barrels for
Company Results
the week ended Nov. 7. Gasoline stocks surged 1.8 million barrels.
Hin da lco Q2 pr ofit h it by

on e-t im e pr ov ision s.
Some thought the selloff was overdone as the market appeared to have overlooked an
overall drop of 1.7 million barrels in crude inventories. There was also a 2.8 million-barrel
draw in distillate stocks, which included heating oil, and a spike in refinery utilization.
"To me, the markets reaction confirms just how bearish sentiment is. Even with decent
Gold Demand
Gold cu r bs st ill possible a ft er
in con clu siv e policy m eet in g .
numbers like these, the market cant rally, said Kyle Cooper, managing director at energy
consultancy IAF Advisors in Houston.
OPEC members meet in Vienna on Nov. 27, when they will consider how to respond to the
DLF Earnings
price slump over the past five months. Some have said they want a cut in output.
Debt -bu r den ed r ea l est a t e

fir m DLF post s h ig h er pr ofit
Fu l l A r t i cl e
Qatar expects to lower oil output to about 500,000 bpd by the end of November from
650,000 bpd at the end of October and from 800,000 a month before that, an industry
source familiar with the matter said.
But top oil exporter and OPEC's most powerful member, Saudi Arabia, has refrained from
backing a cut, prompting speculation that it is more concerned with keeping market share
than supporting prices.
"We do not set the oil price. The market sets the prices," Saudi Oil Minister Ali al-Naimi said
Australia Visit
Dia spor a ey es Modi boost t o
In dia -A u st r a lia t ies
Fu l l A r t i cl e
Adani Coal Plans

A da n i st eps u p A u st r a lia coa l
pla n s a h ea d of Modi v isit
Fu l l A r t i cl e
on Wednesday.
Reuters India Mobile
(Additional reporting by Christopher Johnson in London and Jacob Gronholt-Pedersen in
Singapore; Editing by Marguerita Choy and Jessica Resnick-Ault)
Get t h e la t est n ew s on t h e g o.
V isit Reu t er s In dia on y ou r
m obile dev ice
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2/3
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Brent Crude Oil
$77.92
-2.46
-3.16%
2014.11.13 end-of-day
WTI Crude Oil
$74.21
-2.97
-4.00%
2014.11.13 end-of-day
Co mmo dities
Crud e Oil
74.21
-4.00%
Na tura l G a s
3.98
-5.23%
G a soline
2.00
-5.27%
He a ting Oil
2.36
-3.59%
G old
1161.10
+0.19%
Silve r
15.62
Cop p e r
3.00
-1.17%
2014.11.13 end-of-day
Add to your site
Price
Change
2014.11.13 - $ 74.21
-2.97 -4.00%
1 Year Forecast
$85 / Barrel
1/2
11/19/2014
Brent Crude Oil
$78.47
-0.84
-1.07%
2014.11.18 end-of-day
WTI Crude Oil
$74.61
-1.03
-1.38%
2014.11.18 end-of-day
Co mmo dities
Crud e Oil
74.61
-1.38%
Na tura l G a s
4.24
-2.29%
G a soline
2.04
+0.83%
He a ting Oil
2.38
-0.95%
G old
1196.70
+1.14%
Silve r
16.17
+0.72%
Cop p e r
3.01
-1.28%
2014.11.18 end-of-day
Add to your site
Price
Change
2014.11.18 - $ 74.61
-1.03 -1.38%
1 Year Forecast
$85 / Barrel
1/2
11/25/2014
Brent Crude Oil
$78.33
-1.35
-1.72%
2014.11.25 end-of-day
WTI Crude Oil
$74.09
-1.69
-2.28%
2014.11.25 end-of-day
Co mmo dities
Crud e Oil
74.09
-2.28%
Na tura l G a s
4.28
+3.06%
G a soline
2.03
He a ting Oil
2.39
G old
1197.10
+0.13%
Silve r
16.55
+1.07%
Cop p e r
2.96
-1.45%
2014.11.25 end-of-day
Add to your site
Price
Change
2014.11.25 - $ 74.09
-1.69 -2.28%
1 Year Forecast
$85 / Barrel
1/2
11/28/2014
Brent Crude Oil
$77.75
-0.58
-0.75%
2014.11.27 end-of-day
WTI Crude Oil
$73.69
-0.40
-0.54%
2014.11.27 end-of-day
Co mmo dities
Crud e Oil
73.69
-0.54%
Na tura l G a s
4.36
-1.10%
G a soline
2.04
He a ting Oil
2.40
G old
1196.60
-0.04%
Silve r
16.55
Cop p e r
2.96
2014.11.27 end-of-day
Add to your site
Price
Change
2014.11.27 - $ 73.69
-0.40 -0.54%
1 Year Forecast
$84 / Barrel
1/2
11/28/2014
Oil prices keep plummeting as OPEC starts a price war with the US - Vox
Oil prices keep plummeting as

OPEC starts a price war with the US
Updated by Brad Plumer on November 28, 2014, 2:14 p.m. ET
@bradplumer brad@vox.com
An oil rig south of town extracts crude on July 21, 2008 in Taft, California.
David McNew/Getty Images
Oil prices have been dropping sharply over the past three months
a huge energy story with major repercussions for dozens of
countries, from the United States to Russia to Iran.
OPEC IS NOW ENGAGED IN A PRICE WAR

WITH US SHALE OIL PRODUCERS
But on Friday, prices went into serious free-fall. The reason? OPEC
a cartel of oil producers that includes Saudi Arabia, Iran, Iraq, and
http://www.vox.com/2014/11/28/7302827/oil-prices-opec
1/12
11/28/2014
Venezuela had a big meeting in Vienna on November 27. Before

the gathering, there was speculation (
http://www.washingtonpost.com/blogs/wonkblog/wp/2014/11/
weeks-opec-meeting-is-the-most-important-in-years/) that
OPEC countries might cut back on their own oil production in order
to prop up prices. But in the end, the cartel couldn't agree on how to
respond and did nothing.
Oil prices promptly nosedived, with the price of Brent crude now
hovering around ( http://www.nasdaq.com/markets/crudeoil-brent.aspx?timeframe=10y) $70 per barrel:
(NASDAQ ( http://www.nasdaq.com/markets/crude-oil-brent.aspx?timeframe=10y))
This marks a big shift in global oil politics. Essentially, OPEC is
now engaged in a price war (

http://www.reuters.com/article/2014/11/28/us-opecmeeting-shale-idUSKCN0JC1GK20141128) with oil producers
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in the United States. The cartel will let prices keep falling in the
hopes that many of the newest drilling projects in the US will prove
unprofitable and shut down.
This is a risky stand-o for OPEC, as many of its member countries
require high oil prices to balance their budgets. Iran, for one, is facing
a real pinch. It's also a sign that OPEC's influence over global oil
markets may be waning.
Below is a basic overview of how we got to this point and what
this oil price war means for the rest of the world.
Why oil prices have been plummeting in 2014
Photo taken August 21, 2013 shows a pumpjack (also known as a Nodding Donkey) near Tioga,
North Dakota. (Karen Bleier/AFP/Getty Images)
To understand this story, we have to go back to the mid-2000s. Oil

prices were rising sharply because global demand was surging
especially in China and there wasn't enough oil production to
keep up. That led to large price spikes, and oil hovered around $100
3/12
11/28/2014
per barrel between 2011 and 2014.

But as oil prices increased, many energy companies suddenly found
it profitable to start extracting oil from dicult-to-drill places. In the
United States, companies began using techniques like fracking and
horizontal drilling to extract oil from shale formations (
http://www.vox.com/cards/fracking/how-has-frackingboosted-u-s-oil-and-gas-production) in North Dakota and Texas.

That led to a boom in "tight oil" production, as the US has added (
http://www.vox.com/xpress/2014/11/17/7236379/theunited-states-hasnt-produced-this-much-oil-since-1986)
about 4 million new barrels of crude oil per day to the global market
since 2008. (Global production is about 75 million barrels per day,
so this is a significant number.)
(Energy Information Administration)
Up until very recently, however, that US oil boom along with

increases in Canada and Russia had a fairly minimal eect on
global prices. That's because, at the exact same time, geopolitical
conflicts were flaring up in key oil regions. There was a civil war in
Libya ( http://en.wikipedia.org/wiki/Libyan_Civil_War). Iraq

was a mess. The US and Europe slapped oil sanctions on Iran and
pinched that country's exports. Those conflicts took more than 3
4/12
11/28/2014
million barrels per day (

http://www.eia.gov/forecasts/steo/data.cfm?type=figures)
o the market.
Things changed again around September 2014. Many of those
disruptions started easing (
http://www.eia.gov/todayinenergy/detail.cfm?id=18311).
Libya's oil industry began pumping out lots of crude again. And even
more significantly, oil demand in Asia and Europe has been
weakening (
http://www.theguardian.com/business/2014/nov/13/oilhits-four-year-low-in-response-to-china-slowdown)
particularly in places like China, Japan, and Germany.
The combination of weaker demand and rising supply caused oil
prices to start dropping from their June peak of $115 per barrel
down to around $80 per barrel by mid-November. Oil is still much
pricier than it was a decade ago (when it was still around $40 per
barrel). But it's dropping for now.
OPEC's surprising response: Let prices keep falling
(Alexander Klein/AFP/Getty Images)

5/12
11/28/2014
That brings us to OPEC, which still produces 40 percent of the

world's oil. For decades, this cartel has often tried to influence the
price of oil by coordinating either to cut back or boost production.
At its big meeting in Vienna on November 27, there was a lot of
heated debate (
http://www.reuters.com/article/2014/11/28/us-opecmeeting-shale-idUSKCN0JC1GK20141128) among OPEC
members about how best to respond to this current drop in oil
prices. Some countries, like Venezuela and Iran, wanted the cartel
(mainly Saudi Arabia) to cut back on production in order to prop up
the price of oil. The reason is that these countries need high prices
in order to "break even" on their budgets and pay for all the
government spending they've racked up:
OPEC "break-even" prices in 2012. (Matthew Hulbert/European Energy Review (
http://www.realclearenergy.org/charticles/2012/10/22/opec_median_budgetary_breakeven_price_106748.html))
On the other side of the debate was Saudi Arabia, the world's largest
oil producer, which was opposed (
http://www.reuters.com/article/2014/11/28/us-opecmeeting-shale-idUSKCN0JC1GK20141128) to cutting
6/12
11/28/2014
production and willing to let prices keep dropping.

For one, ocials in Saudi Arabia remember what happened (
http://www.reuters.com/article/2014/10/14/us-saudi-oilpolicy-analysis-idUSKCN0I229320141014) in the 1980s,

when prices fell and the country tried to cut back on production to
prop them up. The result was that prices kept declining anyway and
Saudi Arabia simply lost market share. What's more, the Saudis have
signalled (
http://www.reuters.com/article/2014/10/13/us-oil-saudipolicy-idUSKCN0I201Y20141013)that they can live with lower
prices around $80 per barrel in the short term. (The government has
built up massive foreign-exchange reserves to finance deficits.)
SAUDI ARABIA WAS IN FAVOR OF LETTING

PRICES CONTINUE TO FALL
In the end, OPEC couldn't quite agree on a response and ended up
keeping production unchanged. "We will produce 30 million barrels a
day for the next 6 months, and we will watch to see how the market
behaves," said OPEC Secretary-General Abdalla El-Badri after the
meeting.
For all intents and purposes, OPEC is now engaged (
http://www.bloomberg.com/news/2014-11-27/oil-in-newera-as-opec-refuses-to-yield-to-u-s-shale.html) in (
http://www.bloomberg.com/news/2014-11-27/oil-in-newera-as-opec-refuses-to-yield-to-u-s-shale.html)a "price war"
with the United States. What that means is that it's very cheap to
pump oil out of places like Saudi Arabia and Kuwait. But it's more
expensive to extract oil from shale formations in places like Texas
and North Dakota. So as the price of oil keeps falling, some US
7/12
11/28/2014
producers may become unprofitable and go out of business. The

result? Oil prices will stabilize and OPEC maintains its market share.
The catch is that no one quite knows how low prices need to go to
curb the US shale boom. According to the International Energy
Agency, about 4 percent (
https://www.iea.org/oilmarketreport/omrpublic/currentreport/
of US shale projects need a price higher than $80 per barrel to stay
afloat. But many projects in North Dakota's Bakken formation are
profitable so long as prices are above $42 per barrel. We're about to
find out how this all shakes out and which numbers are correct.
What's especially interesting here is that Saudi Arabia and OPEC
appear to be ceding their long-standing role in modulating the global
supply of oil. Instead, they'll leave that up to the markets.
How falling oil prices affect Russia, Iran, and the US
Vladimir Putin has his work cut out for him. (Maxim Shipenkov/AFP/Getty Images)
As oil prices drop, a lot of dierent countries will be greatly aected::
8/12
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Russia: Russia's situation is getting most of the attention these

days. The country was already suering from weak growth (
http://online.wsj.com/articles/russian-central-bank-fearsweak-oil-price-could-threaten-economy-1410877452) on
pace to expand just 0.4 percent in 2014. That was partly due to the
ongoing Ukrainian crisis and partly due to Western sanctions.
RUSSIA HAD BEEN PLANNING FOR $100-PERBARREL OIL IN ITS 2015 BUDGET
Now the plunge in global oil prices is putting even further strain on
the nation's economy. Oil revenues account for roughly 45 percent
of Russia's budget, and the government's spending plans for
2015 had assumed (
http://www.businessweek.com/articles/2014-10-13/oilprices-are-hurting-russias-economy) that prices would stay in

the $100-per-barrel range. If oil continues to sink below that, the
country will either have to draw down from its $74 billion foreignexchange reserves or cut back on planned spending.
Iran: Iran's economy had recently started to rebound after years of
recession (due in part to heavy Western sanctions). The
International Monetary Fund had been projecting (
http://www.bloomberg.com/news/2014-10-11/irancentral-bank-s-seif-says-sanction-won-t-stop-growth.html)
that the country was on track to grow 1.5 percent this year and 2.3
percent next year. But that was before oil prices started to drop a
potentially precarious situation.
One big problem for Iran is that it also needs oil prices well north of
$100 per barrel to balance its budget, especially since Western
sanctions have made it much harder to export crude. And if oil prices
keep falling, the Iranian government may need to make up revenues
9/12
11/28/2014
elsewhere say, by paring back fuel subsidies for its citizens

(always an unpopular move, at least in the short term).
The United States: In the United States, meanwhile, a fall in prices
would have more varied impacts. Overall, cheaper oil will lead to
lower gasoline prices, giving US households more money to spend
on other things. But oil-producing states like Texas and North
Dakota could see a drop in revenues and economic activity. (For
more, see: "Which states get hurt most by falling oil prices?" (
http://www.vox.com/2014/10/9/6952533/oil-pricesfalling-map-states-employment-north-dakota-texas))
A drop in prices could also cause people around the world to use
more oil which in turn could help exacerbate global warming (
http://www.vox.com/cards/global-warming/what-is-globalwarming). Case in point: In recent years, high gasoline prices have

spurred many Americans to buy smaller, more ecient cars. But if
gasoline prices fall, bigger cars and SUVs could make a
comeback. (US fuel economy will still keep rising over time
because the federal government has imposed new standards (
http://www.vox.com/cards/obama-climate-plan/what-are-u-sfuel-eciency-standards-for-cars-and-trucks) on cars and light

trucks through 2025. But it might happen more slowly.)
In the Financial Times, Michael Levi has a piece (
http://www.ft.com/intl/cms/s/6cbfa7de-71a0-11e4-b17800144feabdc0,Authorised=false.html?
_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F
71a0-11e4-b17800144feabdc0.html%3Fsiteedition%3Dintl&siteedition=intl&_i_r
on how the US (and other countries) could take advantage of low oil
prices to make needed energy-policy reforms such as ending
wasteful fossil-fuel subsidies or putting in place new eciency
measures in order to prepare for future price spikes. But that's
10/12
11/28/2014
hardly guaranteed to happen: Many policymakers might just decide

low oil prices are here to stay and use it as an excuse to cut back on
eciency measures or energy alternatives.
Further reading
-- This piece by Reuters' Alex Lawler, Amena Bakr, and Dmitry
Zhdannikov has some excellent reporting (
http://www.reuters.com/article/2014/11/28/us-opecmeeting-shale-idUSKCN0JC1GK20141128) on the internal

debates within OPEC during Thursday's meeting.
-- The US is producing more oil (
http://www.vox.com/xpress/2014/11/17/7236379/theunited-states-hasnt-produced-this-much-oil-since-1986)
than at any point since 1986.
-- How the oil and gas boom is changing America. (
http://www.vox.com/2014/10/2/6892781/how-the-oiland-gas-boom-is-changing-america)
-- 9 questions (
http://www.vox.com/2014/11/14/7216751/keystonepipeline-facts-controversy) about the Keystone XL pipeline you

were too embarrassed to ask.
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We shouldn't talk about Ferguson without talking about guns
11/12
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When FDR moved Thanksgiving: The executive action that

tore a nation apart
Why it's so rare for police to be prosecuted for killing
civilians, explained in 2 minutes
12/12
11/29/2014
Brent Crude Oil
$70.15
-7.60 -10.83%
2014.11.28 end-of-day
WTI Crude Oil
$66.15
-7.54 -11.40%
2014.11.28 end-of-day
Co mmo dities
Crud e Oil
66.15
-11.40%
Na tura l G a s
4.09
-6.53%
G a soline
1.90
-6.89%
He a ting Oil
2.23
-7.43%
G old
1175.20
-1.82%
Silve r
15.49
-6.84%
Cop p e r
2.86
-3.50%
2014.11.28 end-of-day
Add to your site
Price
Change
2014.11.28 - $ 66.15
-7.54 -11.40%
1 Year Forecast
$76 / Barrel
1/2
12/1/2014
Oil at $40 Possible as Market Redraws Politics From Caracas to Tehran - Bloomberg
Oil at $40 Possible as Market Redraws Politics From Caracas to

Tehran
By Gregory Viscusi, Tara Patel and Simon Kennedy 2014-12-01T09:53:08Z
- Comments Email Print Speed
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Dec. 1 (Bloomberg) - In todays Bart Chart, Bloombergs Mark Barton takes a look at Brent
Crude prices since the beginning of 2014 on Countdown. (Source: Bloomberg)
Related
How Oil's Price Plunge Impacts Wall Street
Oils decline is proving to be the worst since the collapse of the financial system in 2008 and threatening to have
the same global impact of falling prices three decades ago that led to the Mexican debt crisis and the end of the
Soviet Union.
Russia, the worlds largest producer, can no longer rely on the same oil revenues to rescue an economy suffering
from European and U.S. sanctions. Iran, also reeling from similar sanctions, will need to reduce subsidies that
https://www.bloomberg.com/news/2014-11-30/oil-at-40-possible-as-market-transforms-caracas-to-iran.html#closeConsentTrack
3/14
12/1/2014
have partly insulated its growing population. Nigeria, fighting an Islamic insurgency, and Venezuela, crippled by
failing political and economic policies, also rank among the biggest losers from the decision by the Organization
of Petroleum Exporting Countries last week to let the force of the market determine what some experts say will
be the first free-fall in decades.
This is a big shock in Caracas, its a shock in Tehran, its a shock in Abuja, Daniel Yergin, vice chairman of
Englewood, Colorado-based consultant IHS Inc. and author of a Pulitzer Prize-winning history of oil, told
Bloomberg Radio. Theres a change in psychology. Theres going to be a higher degree of uncertainty.
Related:
OPEC Inaction Spurs Survival of Fittest as Oil Below $65
ECB Confronts Cheaper Oil Spilling Onto Stimulus Debate
A world already unsettled by Russian-inspired insurrection in Ukraine to the onslaught of Islamic State in the
Middle East is about be roiled further as crude prices plunge. Global energy markets have been upended by an
unprecedented North American oil boom brought on by hydraulic fracturing, the process of blasting shale rocks
to release oil and gas.
Photographer: Susana Gonzalez/Bloomberg

Gas is flared from a tower on an oil drilling rig operated by Petroleos Mexicans in the Ku-MaloobZaap oilfield at Campeche Bay off the coast of Ciudad del Carmen, Mexico. Oil has dropped 37
percent this year and, in theory, production can continue to flow until prices fall below the day-today costs at existing wells. Close
4/14
12/1/2014
Gas is flared from a tower on an oil drilling rig operated by Petroleos Mexicans in the... Read More
Close
Open
Photographer: Susana Gonzalez/Bloomberg
Gas is flared from a tower on an oil drilling rig operated by Petroleos Mexicans in the Ku-MaloobZaap oilfield at Campeche Bay off the coast of Ciudad del Carmen, Mexico. Oil has dropped 37
percent this year and, in theory, production can continue to flow until prices fall below the day-today costs at existing wells.
Cheap Gasoline
Few expected the extent or speed of the U.S. oil resurgence. As wildcatters unlocked new energy supplies,
some oil exporters abroad failed to invest in diversifying their economies. Coddled by years of $100 crude,
governments instead spent that windfall subsidizing everything from 5 cents-per-gallon gasoline to cheap housing
that kept a growing population of underemployed citizens content.
Oil Prices
Those handouts are now at risk.
If the governments arent able to spend to keep the kids off the streets they will go back to the streets, and we
could start to see political disruption and upheaval, said Paul Stevens, distinguished fellow for energy,
environment and resources at Chatham House in London, a U.K. policy group. The majority of members of
OPEC need well over $100 a barrel to balance their budgets. If they start cutting expenditure, this is likely to
cause problems.
5/14
12/1/2014
Photographer: John Moore/AP Photo

An official of the Saudi oil company at a rig near Howta, Saudi Arabia. Close
An official of the Saudi oil company at a rig near Howta, Saudi Arabia.
Close
Open
Photographer: John Moore/AP Photo
An official of the Saudi oil company at a rig near Howta, Saudi Arabia.
Costs as Benchmark
Oil has dropped 38 percent this year and, in theory, production can continue to flow until prices fall below the
day-to-day costs at existing wells. Stevens said some U.S. shale producers may break even at $40 a barrel or
less. The International Energy Agency estimates most drilling in the Bakken formation -- the shale producers that
OPEC seeks to drive out of business -- return cash at $42 a barrel.
Canadian Natural Resources Ltd. Chairman Murray Edwards said crude may sink as low as $30 a barrel before
rebounding to stabilize at $70 to $75 a barrel, the Financial Post reported.
Right now were seeing a price shock coming out of the meeting and it will be a couple of weeks until we see
where the price really falls, said Yergin. Officials have to figure out where the new price range is, and thats the
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drama thats going to play out in the weeks ahead.

Brent crude was down $1.40 at $68.75 as of 9:14 a.m. in London, while New York oil lost $1.47 to $64.68.
Brent is now at its lowest since the financial crisis -- when it bottomed around $36.
Not All Suffer

To be sure, not all oil producers are suffering. The International Monetary Fund in October assessed the oil price
different governments needed to balance their budgets. At one end were Kuwait, Qatar and the United Arab
Emirates, which can break even with oil at about $70 a barrel. At the other extreme: Iran needs $136, and
Venezuela and Nigeria $120. Russia can manage at $101 a barrel, the IMF said.
Saudi Arabia, U.A.E. and Qatar can live with relatively lower oil prices for a while, but this isnt the case for
Iran, Iraq, Nigeria, Venezuela, Algeria and Angola, said Marie-Claire Aoun, director of the energy center at the
French Institute for International Relations in Paris. Strong demographic pressure is feeding their energy and
budgetary requirements. The price of crude is paramount for their economies because they have failed to
diversify.
Brent crude is poised for the biggest annual decline since 2008 after OPEC last week rejected calls for
production cuts that would address a global glut.
Like this years decline, oils crash in the 1980s was brought on by a Saudi-led decision to defend its market
share, sending crude to about $12 a barrel.
Russia Vulnerable
Russia in particular seems vulnerable, said Allan von Mehren, chief analyst at Danske Banke A/S in
Copenhagen. A big decline in the oil price in 1997-98 was one factor causing pressure that eventually led to
Russian default in August 1998.
VTB Group, Russias second-largest bank, OAO Gazprombank, its third-largest lender, and Russian
Agricultural Bank are already seeking government aid to replenish capital after sanctions cut them off from
international financial markets. Now with sputtering economic growth, they also face a rise in bad loans.
Oil and gas provide 68 percent of Russias exports and 50 percent of its federal budget. Russia has already lost
almost $90 billion of its currency reserves this year, equal to 4.5 percent of its economy, as it tried to prevent the
ruble from tumbling after Western countries imposed sanctions to punish Russian meddling in Ukraine. The ruble
is down 35 percent against the dollar since June.
This Will Pass

While the countrys economy minister and some oil executives have warned of tough times ahead, President
Vladimir Putin is sanguine, suggesting falling oil wont force him to meet Western demands that he curb his
countrys interference in Ukraine.
Winter is coming and I am sure the market will come into balance again in the first quarter or toward the middle
7/14
12/1/2014
of next year, he said Nov. 28 in Sochi.

Even before the price tumble, Irans oil exports were already crumbling because of sanctions imposed over its
nuclear program. Production is at a 20-year low, exports have fallen by half since early 2012 to 1 million barrels
a day, and the rial has plummeted 80 percent on the black market, says the IMF.
Lower oil may increase the pain on Irans population, though it may be insufficient to push its leaders to accept
an end to the nuclear program, which they insist is peaceful.
Already Losing
The oil price decline is not a game changer for Iran, said Suzanne Maloney, senior fellow at the Brookings
Institution, a Washington-based research organization, who specializes on Iran. The Iranians were already losing
so many billions of dollars because of the sanctions that the oil price decline is just icing on the cake.
While oils decline wrenches oil-rich nations that squandered the profits from recent high prices, the world
economy overall may benefit. The Organization for Economic Cooperation and Development estimates a $20
drop in price adds 0.4 percentage point to growth of its members after two years. By knocking down inflation by
0.5 point over the same period, cheaper oil could also persuade central banks to either keep interest rates low or
even add stimulus.
Energy accounts for 10 percent to 12 percent of consumer spending in European countries such as France and
Germany, HSBC Holdings Plc said.
Nigerian Woes
As developed oil-importing nations benefit, some of the worlds poorest suffer. Nigerias authorities, which rely
on oil for 75 percent of government revenue, have tightened monetary policy, devalued the naira and plan to cut
public spending by 6 percent next year. Oil and gas account for 35 percent of Nigerias economic output and 90
percent of its exports, according to OPEC.
The current drop in oil prices poses stark challenges for Nigerias external and fiscal accounts and puts heavy
pressure on the exchange rate, Oliver Masetti, an economist at Deutsche Bank AG, said in a report this month.
If oil prices remain at their current lows, Nigeria will face tough choices.
Even before oils rout, Venezuela was teetering.
The nation is running a budget deficit of 16 percent of gross domestic product, partly because much of its
declining oil production is sold domestically at subsidized prices. Oil is 95 percent of exports and 25 percent of
GDP, OPEC says.
Venezuela already qualifies for fiscal chaos, Yergin said.
Venezuelan Rioting
The country was paralyzed by deadly riots earlier this year after police repressed protests about spiraling
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12/1/2014
inflation, shortages of consumer goods and worsening crime.

The dire state of the economy is likely to trigger renewed social unrest, while it seems that the government is
running out of hard currency, Capital Economics, a London research firm, wrote in a Nov. 28 report.
Declining oil may force the government to take steps to avoid a default including devaluing the currency, cutting
imports, raising domestic energy prices and cutting subsidies shipments to poorer countries in the region,
according to Francisco Rodriguez, an economist at Bank of America Merrill Lynch.
Though all these entail difficult choices, default is not an appealing alternative, he said. Were Venezuela to
default, bondholders would almost surely move to attach the countrys refineries and oil shipments abroad.
China Bailout?
In an address on state television Nov. 28, President Nicolas Maduro said Venezuela would maintain social
spending while pledging to form a commission to identify unnecessary spending to cut. He also said he was
sending the economy minister to China to discuss development projects.
Mexico shows how an oil nation can build new industries and avoid relying on one commodity. Falling crude
demand and prices in the early 1980s helped send the nation into a debt crisis.
Oils share of Mexicos exports fell to 13 percent in 2013 from 38 percent in 1990, even as total exports more
than quadrupled. Electronics and cars now account for a greater share of the countrys shipments. Though oil still
accounts for 32 percent of government revenue, the Mexican government has based its 2015 budget on an
average price of $79 a barrel.
Related reading: Oil Seen in New Era as OPEC Wont Yield to U.S. Shale Oil Bust of 1986 Reminds U.S.
Drillers of Price War Risk OPEC Refusal Means Oil Industrys Weakest Producers Left Behind
To contact the reporters on this story: Gregory Viscusi in Paris at gviscusi@bloomberg.net; Tara Patel in Paris at
tpatel2@bloomberg.net; Simon Kennedy in London at skennedy4@bloomberg.net
To contact the editors responsible for this story: Alan Crawford at acrawford6@bloomberg.net Timothy
Coulter, Ken Fireman
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U.S.
9/14
12/2/2014
Brent Crude Oil
$70.54
-2.00
-2.84%
2014.12.02 end-of-day
WTI Crude Oil
$66.88
-2.12
-3.17%
2014.12.02 end-of-day
Commodities
Crude Oil
66.88
-3.17%
Natural Gas
3.87
-3.43%
Gasoline
1.81
-3.83%
Heating Oil
2.15
-2.69%
Gold
1199.20
-1.57%
Silver
16.41
-1.46%
Copper
2.91
2014.12.02 end-of-day
-0.58%
Add to your site
Price
Change
2014.12.02 - $ 66.88
-2.12 -3.17%
1 Year Forecast
$76 / Barrel
1/2
12/3/2014
Sensex slips 115 points in volatile trade after RBI holds rates - The Hindu
Business Markets
Sensex slips 115 points in volatile trade after RBI holds rates
PTI
Sectorwise, BSE IT index suffered the most by losing 1.48 per cent, followed by Auto 1.05 per cent and Oil & Gas 0.66 per cent, among
others. File photo
PTI
Sensex ends 115.61 points down at 28,444.01; Nifty falls 31.20 points to 8,524.70
Markets fell for the second day with benchmark Sensex declining over 115 points on Tuesday on selling in auto stocks
after RBI kept interest rates unchanged for the fifth time in a row and IT shares dipped on strength in rupee.
In highly volatile trade, the 30-share BSE index fell to touch the days low of 28,386.46 following announcement of
credit policy. However, the index recovered briefly to hit 28,576.39 on RBI Governor Raghuram Rajans hint of
lowering rates early next year.
Participants later resorted to selling at every rise and the Sensex ended the day at 28,444.01, down 115.61 points, or
0.40 per cent. On Monday, it had slipped 134.37 points.
http://www.thehindu.com/business/markets/sensex-slips-115-points-in-volatile-trade-after-rbi-holds-rates/article6655184.ece
1/2
12/
2 3/
3 2014
Sensex
e slips 115 points in vo
v latile trade af
after RBI holds rates - The Hindu
On similar lines, the NSE 50-share Nift

f y, aft
f er swinging to and fr
f o, settled with a loss of 31.20 points, or 0.36 per
cent, at 8,524.70. Intra-day, it traded in a narrow range between 8,504.65 and 8,560.20.
By not cutting rates, RBI has remained consistent in their policy obj
b ective
v of decisive
v ly
l bringing down infl
f ation -and
long term infl
f ationary expectations. Lower post policy bond yi
y elds show the market fe
f els more confi
f dent that
eve
v ntually
l rates will be much lower, said Arvi
v nd Sethi, MD & CEO, TAT
A A Asset Management.
Rupee, wh
R
w ich had breached 62-mark against dollar in previ
v ous sessions, today strengthened to 61.87 leve
v ls. This put
pressure of shares IT companies, including TCS and Info
f sys, wh
w ich earn most of their sales in the U.S. currency.
Oil scrips also were on the sellers list aft
f er excise duty on petrol was hiked by Rs
R . 2.25 per litre and by Re
R 1 a litre on
diesel but retail pump rates wont rise as oil fi
f rms have
v decided to absorb the duty change fo
f r the time being.
Ove
v r half of the 30 Sensex constituents ended with losses led by GA
G IL (down 2.85 per cent), M&M (2.47 per cent),
HDFC (1.51 per cent) and Hero MotoCorp (1.48 per cent).
Sectorwise, BSE IT index suff
ffered the most by losing 1.48 per cent, fo
f llowed by Auto 1.05 per cent and Oil & Gas 0.66
per cent, among others.
Global cues, howeve
v r, were conducive
v as Asian bourses ended higher and Europe was better in its opening trades.
Meanwh
w ile, Foreign Portfo
f lio Inve
v stors sold shares worth net Rs
R . 12.36 crore on Monday, as per provi
v sional data.
K yw
Ke
y ords: sensex, BSE, NSE, nift
f y, Indian stock market
htt
t p://
//www.thehindu.com/
m business/marke
k ts/sensex
ex- slips-115-points-in-vo
v latile-trade-af
after-rbi-holds-rates/article6655184.ece
22
2/
12/5/2014
Brent Crude Oil
$69.64
-0.28
-0.40%
2014.12.04 end-of-day
WTI Crude Oil
$66.81
-0.57
-0.85%
2014.12.04 end-of-day
Co mmo dities
Crud e Oil
66.81
-0.85%
Na tura l G a s
3.65
-4.28%
G a soline
1.79
-0.68%
He a ting Oil
2.12
-0.74%
G old
1207.50
-0.08%
Silve r
16.52
+0.97%
Cop p e r
2.93
+1.35%
2014.12.04 end-of-day
Add to your site
Price
Change
2014.12.04 - $ 66.81
-0.57 -0.85%
1 Year Forecast
$76 / Barrel
1/2
12/6/2014
Brent Crude Oil
$69.07
-0.57
-0.83%
2014.12.05 end-of-day
WTI Crude Oil
$65.84
-0.97
-1.47%
2014.12.05 end-of-day
Co mmo dities
Crud e Oil
65.84
-1.47%
Na tura l G a s
3.80
+4.02%
G a soline
1.77
-1.21%
He a ting Oil
2.11
-0.47%
G old
1190.10
-1.46%
Silve r
16.20
-2.00%
Cop p e r
2.93
-0.24%
2014.12.05 end-of-day
Add to your site
Price
Change
2014.12.05 - $ 65.84
-0.97 -1.47%
1 Year Forecast
$75 / Barrel
1/2
12/8/2014
Oil Continues Downward Spiral | Fox Business
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Oil Continues Downward Spiral
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Pub lished Decemb er 08, 2014 / Reuters
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Brent crude oil fell more than $2 a barrel on Monday to a new five-year
Print
low on predictions that oversupply would keep building until next year
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239k
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after OPEC decided not to cut output.

Share
Share
Tw eet
In a report dated Dec. 5, U.S. investment bank Morgan Stanley said
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The impact of falling
oil prices
oil prices could fall as low as $43 a barrel next year. The bank cut its
average 2015 Brent base-case outlook by $28 to $70 per barrel, and
Share
by $14 to $88 a barrel for 2016.

America back on
track!
"Without OPEC intervention, markets risk becoming unbalanced, with

peak oversupply likely in the second quarter of 2015," Morgan Stanley
analyst Adam Longson said.
Brent crude for January <LCOc1> was down $2.22 at $66.85 a barrel
Charles Payne
takes a call during
live show from
Hithas sister?
by 7:10 EST, having fallen $2.30 to $66.77 - its lowest since October
2009.
U.S. crude <CLc1> was down $1.60 at $64.24 a barrel, after hitting a
session low of $64.14. The U.S. contract, also known as West Texas

CBS Pulls Its
Intermediate, touched $63.72 last week, its lowest since July 2009.
Stations From Dish

Network
At a meeting last month, top oil exporter Saudi Arabia resisted calls
from poorer members of the Organization of the Petroleum Exporting
Countries to reduce production, driving a further slide in prices, which
Michael Kors, Still
have lost more than 40 percent since June.
Got it?
The U.S. shale industry has yet to be hit by the slump in crude prices,
Baker Hughes said in a report on Friday, reporting that three new U.S.
Gasparino: Without
oil-drilling rigs had been added in the last week.
Cramer,
TheStreet.com
"It was just a small increase, but nevertheless it was an increase
stock would be
despite the sharp price drop," said Carsten Fritsch, senior oil and
dead
commodities analyst at Commerzbank in Frankfurt.
Is Uber really worth

$40B? There's
"Given continued oversupply and still no sign yet that U.S. oil
much promise in
production starts to show any reaction, perhaps prices will continue to
plenty of peril, too.
the upstart, but
head lower," he added.

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In Libya, state oil company NOC said on Sunday the country was
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producing 800,000 barrels per day, though its El Sharara oilfield was
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closed because of a pipeline blockade.

Mixed Chinese trade data also unsettled prices.
China's imports shrank unexpectedly in November, falling 6.7 percent,
while export growth slowed, fuelling concerns the world's secondlargest economy could be facing a sharp slowdown.
China's crude oil imports rose 9 percent in November from October to
6.18 million barrels per day, suggesting the country may be boosting

Deal
Health Care
its reserves.
"If one looks at the overall economic indicators, they are all showing a
picture of China which is stagnating rather than having strong growth,"
said Olivier Jakob, oil analyst at Petromatrix in Zug, Switzerland.
(Additional Reporting by Manolo Serapio Jr in Singapore and Adam
Rose in Beijing; Editing by Christopher Johnson and Dale Hudson)
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best news weve had in a
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S&P 500 Records Biggest Drop in Nearly 7 Weeks | Fox Business
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S&P 500 Records Biggest Drop in Nearly 7

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Pub lished Decemb er 08, 2014 / Dow Jones Newswires
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Charles Payne
takes a call during
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Halliburton shares a
buy despite low oil
prices?
26-year-old college
grad pays off $13K
in debt
U.S. stocks suffered their biggest one-day slide in nearly seven
Print
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weeks on Monday as a withering selloff among energy companies,
What new EPA
which closely tracked oil's continued price slide, dragged down key
water regulations
mean for business
benchmark indexes.
0
Downbeat economic reports form China, Japan and Europe also
Market predictions
dented sentiment. Nervousness among investors was evident from a

Share
for 2015
jump in 10-year Treasury yields, rising five basis points and a 17%
jump in the CBOE Vix index, commonly knows as Wall Street's fear
gauge.
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S&P 500 (SPX) closed 15 points, or 0.75, at 2,060.31. Losses were
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led by energy companies, as the sector dropped 3.9%. Materials,

industrials and technology sector stocks also sold off, while defensive
CVX
CHEVRON CORP...
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sectors such as utilities and health care drew buyers.
US stocks end
lower, led by a
The Dow Jones Industrial Average (DJI) dropped as much as 150
slump in the energy
points at session lows, but ended down 106.31 points, or 0.6% lower,
sector, as the price

of oil falls again
at 17,852.48. McDonald's (MCD) took a bite out of the blue-chip

AAPL
APPLE INC....
112.40
-2.60
stock index following disappointing sales. Oil giants ExxonMobil
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(XOM) and Chevron Corp (CVX) also weighed on the index, dropping
2.3% and 3.7% respectively.
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The tech-heavy Nasdaq Composite (RIXF) ended the day with a loss
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of 40 points, or 0.8%, at 4,740.69. The heaviest-weighted component

of the index, Apple (AAPL) fell 2.3%.
Planning your portfolio for
2015
The broader market moves are playing out amid the back drop of
crude oil's continued slide. Crude oil (CLF5) endured a bruising day
of its own, falling more than 4% on Monday and hitting a new five-year
low on continued concerns about oversupply.
The opportunities for

investors in the energy
sector
McDonalds posts steepest sales

decline in over 14 years
Why Shares of Arch Coal Inc. Dropped 11%
Today
Espousing a more sanguine outlook about the day's trading, Randy

Frederick, managing director of trading and derivatives at the
Why US Silica Holdings Inc. Barely Missed a 10%

Drop Today
Schwab Center for Financial Research, down played Monday's

slump, pointing out that increased buying in late afternoon session
after a selloff in the morning usually indicates a short-term bullish view
of institutional investors.
"The move on the S&P 500 is still less than 1% and selling on Wall
Street seems to be strictly contained to industries with close ties to oil
prices. While it is true that the energy companies are hit hard today,
lower oil prices ultimately benefit consumers and other business that
use oil, which are a much bigger part of the S&P 500," Frederick
said.
Brian Fenske, head of sales trading at Investment Technology Group,
brokerage and technology firm, struck a similar chord, saying a lack of
clarity about crude oil prices were dictating trading strategy on
Monday.
"There is a lot of uncertainty when it comes to crude oil prices, which
made the whole energy sector difficult to invest in, which is why we are
seeing so much selling in those companies," Fenske said.
Before Monday's retreat, the Dow was flirting with hitting the
psychological benchmark of 18,000.
Concerns about the health of the global economy resurfaced on
Monday after disappointing Chinese trade numbers and data showing
Japan's economy contracted more than initially forecast in the third
quarter. Figures from Germany showed industrial production
expanded less than expected in October.
The euro (EURUSD) traded around a 28-month low after Ewald
Nowotny, member of the European Central Bank's Governing Council,
said the currency union is the weak spot in the world economy.
European stock markets were also mostly lower.
2/4
12/8/2014
Energy stocks sell off: Highlighting the broad selloff in energy, the
Energy Select Sector SPDR Fund ETF (XLE) fell 4%. More
specifically, Denbury Resources Inc. (DNR) slid 10%, making it the
worst performer on the S&P 500. Newfield Exploration Co (NFX)
dropped 8.5%, EQT Corp. (EQT) slid 7.6%.
Utilities stocks were in demand, with the overall sector rising 0.7%.
Ameren Corp (AEE) rose 2.5% while PG&E Corp (PCG) added
1.9%.
Biotech stocks were one of the bright spots on Wall Street. Shares of
Celgene Corp (CELG) jumped 3.6% on news that the biotech
company extended its partnership with Agios to work on a cancer
drug.
In mergers, Cubist Pharmaceuticals Inc.(CBST) soared 35% after
drug giant Merck & Co. Inc. (MRK) agreed to buy the smaller
antibiotics maker for $8.4 billion. Merck shares closed 0.6% higher.
Other markets: Asian markets got their first chance to react to the
solid U.S. jobs report issued Friday, sending indexes in Japan and
China higher. China's Shanghai Composite closed above 3,000 for
the first time since 2011.
In metals, gold prices rose 1.2% while the dollar (DXY) slipped
against the yen after the data showed the Japan's GDP shrank more
than previously estimated.
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When to Expect the Next Oil Price Spike
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Sensex falls 339 points; IT stocks drown - The Hindu
Business Markets
Sensex falls 339 points; IT stocks drown

IANS
A benchmark index of Indian equities markets closed Mondays trade provisionally down 339 points or 1.19 percent.
Heavy selling pressure was observed in all sectors besides the fast moving consumer goods (FMCG) stocks.
Major loosers in the days trade were information technology (IT), capital goods, automobile, bank and technology,
entertainment and media (TECK) firms.
The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 28,433 points,
closed at 28,119.40 points (provisionally), down 338.60 points or 1.19 percent from the previous days close at
28,458.10 points.
The Sensex touched a high of 28,494.85 points and a low of 28,097.12 points in the intra-trade.
The S&P IT index dropped by 344.89 points, capital goods index was lower by 282.15 points, automobile index fell by
263.75 points, bank index plunged by 263.56 points and TECK index went down by 154.49 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) also closed in red. It was down 100.05 points or 1.17
percent at 8,438.25 points.
Keywords: Sensex, closing trade, BSE, Nifty, NSE, Indian stock markets
Printable version | Dec 9, 2014 5:15:21 AM | http://www.thehindu.com/business/markets/sensex-falls-339-points-itstocks-drown/article6672747.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-falls-339-points-it-stocks-drown/article6672747.ece?css=print
1/2
12/8/2014
Brent Crude Oil
$66.19
-2.88
-4.35%
2014.12.08 end-of-day
WTI Crude Oil
$63.05
-2.79
-4.43%
2014.12.08 end-of-day
Co mmo dities
Crud e Oil
63.05
-4.43%
Na tura l G a s
3.60
-5.76%
G a soline
1.71
-3.91%
He a ting Oil
2.05
-2.57%
G old
1194.70
+0.39%
Silve r
16.22
+0.12%
Cop p e r
2.91
-0.52%
2014.12.08 end-of-day
Add to your site
Price
Change
2014.12.08 - $ 63.05
-2.79 -4.43%
1 Year Forecast
$72 / Barrel
1/2
12/9/2014
Sensex down 322.39 points - The Hindu
Business Markets
Sensex down 322.39 points

PTI
Indian markets on Tuesday on losses in power, metal and capital goods shares amid a sell-off in China and other global markets. File
photo
The Hindu
Indian markets on Tuesday plunged to over one-month low with benchmark Sensex tumbling 322.39 points to end at
27,797.01 on losses in power, metal and capital goods shares amid a sell-off in China and other global markets.
The NSE Nifty tanked 97.55 points to end below 8,400-mark at 8,340.70 as stocks fell for the third straight session.
Fall of global crude prices to five-year lows failed to lift the global sentiment as Chinese stocks dropped over 5 per cent
on tighter lending norms and over 1 per cent drop in European indices, said traders.
The BSE 30-share Sensex remained in negative terrain for the major part of the session on sustained selling pressure.
It moved between 27,763.82 and 28,157.53 range, before ending with a sharp loss of 322.39 points, or 1.15 per cent, at
27,797.01. This is its weakest close since October 30.
In the previous two sessions, Sensex shed 443.42 points.
The overall market breadth was negative as about 900 stocks rose while over 2,000 scrips fell.
Sell-offs seen in Asian markets...impacted market sentiments for the day. Brent crude was seen dropping to its fresh
5-year lows, below USD 66 a barrel, said Hiren Dhakan, Associate Fund Manager, Bonanza Portfolio.
Experts said data showing current account deficit widened to USD 10.1 billion, or 2.1 per cent of GDP, in JulySeptember quarter of this fiscal, raised concerns at a time when markets are pricing are strong recovery of the Indian
economy.
Sesa Sterlite shares emerged the biggest loser among Sensex components by tumbling over 5 per cent. Shares of staterun ONGC plunged 4.29 per cent.
Other notable laggards include Tata Power, Bharti Airtel, NTPC, Tata Steel, Hindalco, BHEL, L&T, Tata Motors,
Wipro, SBI, Cipla, Maruti Suzuki, Axis Bank and ICICI Bank.
Almost all the major Asian stock markets fell after Chinese market tumbled 5.43 per cent, the most since 2009.
Indices in Hong Kong and Japan were among the worst-hit.
http://www.thehindu.com/business/markets/sensex-down-62-points-in-early-trade/article6675413.ece?homepage=true&css=print
1/2
12/9/2014
Sensex down 322.39 points - The Hindu
Sectorally, BSE Power index suffered the most by losing 2.75 per cent, followed by Metal index (2.71 per cent), Capital
Goods (2.29 per cent) and Consumer Durables (2.11 per cent) among others. Selling activity in small and midcap also
gathered momentum with BSE Smallcap falling 1.59 per cent and Midcap index down 1.57 per cent.
Meanwhile, Foreign Portfolio Investors (FPIs) bought shares worth net Rs 4,984.60 crore yesterday.
Keywords: BSE, sensex, opening trade
Printable version | Dec 9, 2014 10:02:07 PM | http://www.thehindu.com/business/markets/sensex-down-62-pointsin-early-trade/article6675413.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-down-62-points-in-early-trade/article6675413.ece?homepage=true&css=print
2/2
12/9/2014
Stocks Pare Losses After Early Pullback | Fox Business
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Todays Markets
The Dow Jones Industrial Average shed 51.3 points, or 0.3%, to
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In Greece, the government moved a parliamentary vote for president
What's this?
to Dec. 17, two months earlier than previously scheduled. The
Morning Biz Outlook
decision harkened to recent times of political turmoil in Greece, and

the main stock index in Athens posted heavy losses of 13%. Thats
the biggest one-day drop since 1987, according to Bloomberg. The
selloff is equivalent to about a 2300-point drop on the Dow.

Deal
Health Care
Traditional safe-havens such as U.S. Treasury bonds and gold futures

got a jolt amid the global selloff. Gold settled $37.10 higher, or 3.1%,
at $1,232 a troy ounce. Yields for the benchmark 10-year note fell to
2.22% from 2.26%. Treasury yields decline when prices climb.
In corporate news, Abercrombie & Fitch's (ANF) CEO Michael
Jeffries announced he would retire as chief executive and board
member effective immediately. The news comes after the struggling
teen retailer stripped Jeffries of his chairman duties in January. No
permanent successor has been named. Shares surged 8% following
the announcement.
Meanwhile, AutoZone (AZO) rallied 4.2% after the auto parts retailer
reported better-than-expected quarterly earnings.
Verizon Communications (VZ) slumped 4.1 %. The telecom giant
cautioned that promotions to entice wireless customers are hurting
profits. Analysts at R.W. Baird downgraded the stock to neutral from
outperform.
In commodities, West Texas Intermediate crude oil rebounded 77
cents, or 1.2%, to $63.82 a barrel. It was the first gain for U.S. oil
futures in four days. Wholesale New York Harbor gasoline rose nearly
two cents to approximately $1.72 a gallon.
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Brent Crude Oil
$64.24
-2.60
-4.05%
2014.12.10 end-of-day
WTI Crude Oil
$60.94
-2.88
-4.73%
2014.12.10 end-of-day
Co mmo dities
Crud e Oil
60.94
-4.73%
Na tura l G a s
3.71
+1.46%
G a soline
1.64
-4.98%
He a ting Oil
2.05
-1.84%
G old
1228.90
-0.21%
Silve r
17.13
+0.30%
Cop p e r
2.91
-1.12%
2014.12.10 end-of-day
Add to your site
Price
Change
2014.12.10 - $ 60.94
-2.88 -4.73%
1 Year Forecast
$70 / Barrel
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2/2
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2 10/
0 2014
Oil Nears $60 as U.S. Shale Continues Surge | Fox

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under $61 a barrel fo

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m industries/2014/
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Oil Nears $60 as U.S. Shale Continues Surge | Fox Business
At the current level of stockpiles, American refineries could continue
Market Stream
processing oil at the same pace for 23 days.

Meanwhile, U.S. oil production averaged 9.1 million barrels a day for
the week ended Dec. 5. That reflects a 31-year high.
Gasoline supplies also climbed last week, expanding 8.2 million
barrels for the largest weekly increase since September 2001. New
Walgreens CEO to retire after

Alliance Boots merger is complete
York Harbor gasoline futures recently dropped eight cents to $1.64 a

gallon. AAA said retail gasoline prices averaged roughly $2.64
Waiting until April to start your taxes a costly

m istake?
nationwide Wednesday morning, down 29 cents compared to last
Deutsche Bank sued over alleged tax schem e
month.
The selloff in oil futures was kicked off by an updated forecast from
the Organization of Petroleum Exporting Countries, which now
believes demand for its oil will fall to its weakest level in 12 years.
OPEC sees demand retreating to 28.9 million barrels a day in 2015
versus 29.4 million this year.
The cartel traditionally scales back production to sustain higher oil
prices. However, OPEC spooked the market -- and provided some
holiday cheer for drivers -- last month when it decided to maintain
output of 30 million barrels a day. The announcement fueled
projections that an oversupply of oil would continue into 2015.
Earlier this week, Bank of America reacted to the decision by saying
WTI oil could fall to $50 a barrel in the first half of 2014, while the
international benchmark, Brent crude, may slump below $60. Brent oil
was recently trading at $64.40 a barrel.
OPEC long downplayed the wide-ranging impact of shale oil
development in the U.S. The group first acknowledged that U.S. shale
plays could impact demand for OPEC oil in 2013, after referring to
shale oil as a source of marginal additions in its 2011 World Oil
Outlook.
In recent weeks, OPEC member Saudi Arabia has twice lowered
prices for oil shipped to the U.S. in an effort to regain market share.
Shale oil is extracted through a combination of hydraulic fracturing
and horizontal drilling. North Dakota, Texas and other states have
shown significant production growth, and the U.S. is now the worlds
largest producer of oil.
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12/10/2014

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Your taxpayer
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prices go?
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REUTERS
U.S. stocks plunged Wednesday on fears a freefall in the price of oil
Print
will eventually lead to a global economic slowdown.
Em ail
Share

Americas newest
The Dow fell 268 points, or 1.5%, to 17,534, the S&P 500 lost 34
Share
30
Tw eet
12
Share
pipeline is here and

thats just the
points, or 1.63%, to 2,026 and the Nasdaq Composite dropped 82
beginning
points, or 1.73%, to 4,684.

The Russell 2000 ended todays session down for the year, erasing
Oil and Gold

Warning Signs
all of its 2014 advance. It is the only one of the major equity market
indices that is in the red for 2014.
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Oil prices are in a freefall and whats happening is panic is feeding
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Cardillo doubts whether the sharp decline recently in oil prices has
What's this?
anything to do with the real fundamentals of oil, but noted that if the
Morning Biz Outlook
price continues to fall it will impact oil producing states in the U.S.
such as Oklahoma, Texas and North Dakota, as well as the oilproducing OPEC nations. He blamed the relentless downward
pressure on energy prices partly on speculators.
Energy stocks led todays rout that saw all ten S&P 500 sectors finish
in the red for the first time in two months (since Oct. 13). Today was
also the steepest drop for the S&P 500 since October 13. The S&P
energy index was down 3.3%, the worst performing S&P sector and
its fourth drop in five sessions. Brent crude touched a new five-year

12/10/14
Deal
Health Care
low of $63.56 on signs of oversupply and soft demand.

Also, the CBOE VIX Index hit a fresh 7-week high of 18.83, the
highest since Oct. 20, and the S&P 500 closed at the lowest since
Nov. 5:
Exxon Mobil, down 3%, led declines on the S&P 500.
In addition, falling oil prices have raised concerns about earnings for
energy companies, with year-end tax selling putting additional
pressure on the group. The sector is down more than 15% for the year
and is the worst performing of the 10 major S&P sectors for the year.
Shares of Yum Brands (NYSE: YUM) dropped 6.2% a day after it
lowered its profit forecast for the year for the second time, hurt by
slower-than-expected sales recovery in China following a food safety
scare in July.
Lower oil prices produced some winners in Wednesdays otherwise
down market. Among the gainers were airline shares, including
Southwest Airlines (NYSE: LUV), up 1.8% and leading gains on the
S&P 500. Barclays said airlines stand to see a decline of about $10
billion in fuel costs in 2015.
Declining issues outnumbered advancers on the NYSE by more than
a 3-to-1 ratio; on the Nasdaq, decliners led by 2.56-to-1 ratio.
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much as 266 points, weighed down by a
sharp decline in the energy sector.
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Such Thing as a
Lim ited War
Technology
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Share
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12/11/2014
Brent Crude Oil
$63.68
-0.56
-0.88%
2014.12.11 end-of-day
WTI Crude Oil
$59.95
-0.99
-1.65%
2014.12.11 end-of-day
Co mmo dities
Crud e Oil
59.95
-1.65%
Na tura l G a s
3.63
-1.98%
G a soline
1.62
-1.07%
He a ting Oil
2.06
+0.73%
G old
1225.10
-0.31%
Silve r
17.06
-0.43%
Cop p e r
2.94
+0.92%
2014.12.11 end-of-day
Add to your site
Price
Change
2014.12.11 - $ 59.95
-0.99 -1.65%
1 Year Forecast
$68 / Barrel
1/2
12/12/2014
Sensex closes 239 points down - The Hindu
Business Markets
Sensex closes 239 points down

IANS
The 30-share index fell by 258.40 points.
AP
A benchmark index of Indian equities markets closed Thursdays trade down 239 points or 0.86 percent as oil and gas
stocks tanked.
All the industry sectorbased indices of the S&P Bombay Stock Exchange (BSE) closed in the red expect for
healthcare.
Heavy selling pressure was seen in oil and gas, auto, information technology (IT), capital goods and banking sectors.
The 30scrip Sensitive Index (Sensex) of the BSE, which opened at 27,796.34 points, closed trade at 27,592.49
points, dow
The Sensex touched a high of 27,796.34 points and a low of 27,539.47 points in the intraday trade.
The S&P BSE oil and gas index tanked by 275.96 points, automobile index ended 152.43 points lower, IT index lost
128.66 points, capital goods index fell by 97.58 points and bankex shed 74.47 points.
The wider 50scrip Nifty of the National Stock Exchange (NSE) ended 62.75 points or 0.75 percent down at
8,292.90 points.
Keywords: BSE, Sensex, Nifty, opening trade
Printable version | Dec 13, 2014 2:48:13 AM | http://www.thehindu.com/business/markets/sensex-nifty-plunge-inearly-trade-on-global-selloff/article6681432.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-nifty-plunge-in-early-trade-on-global-selloff/article6681432.ece?css=print
1/1
12/12/2014
Crude Oil Extends Drop Below $60 as IEA Cuts Forecast - Businessweek
Bloomberg Businessweek
News From Bloomberg

http://www.businessweek.com/news/2014-12-12/crude-oil-extends-drop-below-60-as-iea-cuts-forecast
Crude Oil Extends Drop Below $60 as IEA

Cuts Forecast
By Moming Zhou December 12, 2014
Benchmark U.S. oil prices extended losses below $60 a barrel as the International Energy Agency cut its global
demand forecast for the fourth time in five months.
West Texas Intermediate crude is poised for a weekly decline of 11 percent while Brent has lost 9 percent. The
IEA reduced its estimate for oil demand growth in 2015 by 230,000 barrels a day, the agency said in a report
today. U.S. output, already at three-decade high, will continue to rise in 2015, the IEA said.
In the short term supply is still stronger than demand, said Gareth Lewis-Davies, a London-based analyst at
BNP Paribas SA. We are going to see further inventory builds in the first half, hence the realization of further
pressure on oil prices.
Both benchmarks have collapsed about 20 percent since Nov. 26, the day before the Organization of Petroleum
Exporting Countries agreed to leave its production limit unchanged at 30 million barrels a day. Saudi Arabia, Iraq
and Kuwait, the groups three biggest members, this month deepened discounts on shipments to Asia, bolstering
speculation that theyre fighting for market share.
WTI for January delivery dropped $1.25, or 2.1 percent, to $58.70 a barrel at 10:09 a.m. on the New York
Mercantile Exchange after touching $58.27, the lowest since May 2009. Total volume was about 58 percent
above the 100-day average for the time of day. Prices have decreased 40 percent this year.
Negative Momentum
Brent for January settlement slid $1.02, or 1.6 percent, to $62.66 a barrel on the London-based ICE Futures
Europe exchange after reaching $62.37, the lowest since July 2009. Prices are down 43 percent in 2014.
The IEA, the Paris-based adviser to 29 nations, boosted projections for supplies outside OPEC in 2015 by
200,000 barrels a day, forecasting output will expand by 1.3 million barrels a day to 57.8 million a day.
Production rising faster than demand could strain some nations ability to store oil by the middle of next year, it
predicted.
The IEA cut projections for the amount of crude OPEC will need to provide next year by 300,000 barrels a day
to 28.9 million. OPEC gave the same forecast, the lowest since 2003, in its monthly report on Dec. 10.
http://www.businessweek.com/printer/articles/885236?type=bloomberg
1/2
12/12/2014
Crude Oil Extends Drop Below $60 as IEA Cuts Forecast - Businessweek
We are in for lower prices for the foreseeable future, said Tariq Zahir, a New York-based commodity fund
manager at Tyche Capital Advisors. The Saudis dont want to make any kind of cut whatsoever. You are really
getting into a price war.
Collective Target
OPECs 12 members pumped 30.56 million a day in November, exceeding their collective target for a sixth
straight month, a Bloomberg survey of companies, producers and analysts showed.
Saudi Arabia, the biggest OPEC producer, has resisted calls for a production cut. The global oil market will
correct itself, Oil Minister Ali Al-Naimi said Dec. 10 in Lima. Venezuela wants special discussions to be held
before the group gathers on June 5, Foreign Minister Rafael Ramirez said on the Telesur network on the same
day.
Production in the U.S. expanded to 9.12 million barrels a day through Dec. 5, the fastest rate in weekly records
that started in January 1983, data from the Energy Information Administration show.
The U.S. oil boom has been driven by a combination of horizontal drilling and hydraulic fracturing, which has
unlocked supplies from shale formations including the Eagle Ford in Texas and the Bakken in North Dakota.
Low oil prices may slow U.S. shale production, Ian Taylor, chief executive officer of Vitol Group, said in an
interview yesterday at the Platts Global Energy Outlook Forum.
You begin to think that maybe not this year, but maybe next year, you will see perhaps less growth in U.S.
production if the price stays where it is, he said.
To contact the reporter on this story: Moming Zhou in New York at mzhou29@bloomberg.net
To contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net Stephen
Cunningham, Bill Banker
2014 Bloomberg L.P. All Rights Reserved. Made in NYC
http://www.businessweek.com/printer/articles/885236?type=bloomberg
2/2
12/12/2014
BSE Sensex posts worst week in three years

The benchmark BSE Sensex ended 0.9 percent lower at 27,350.68 and was down 3.9
Pow ered by Disqus
percent for the week to post its worst weekly performance since December 2011.
The broader Nifty closed down 0.8 percent at 8,224.10. For the week it lost 3.7
percent, recording its worst weekly performance since mid-July.
Shares of Gail (India) fell 4.4 percent, while Oil and Natural Gas Corp and Reliance
Industries Ltd slipped 3.5 percent and 2.63 percent, respectively.
Software services exporter Tata Consultancy Services, fell 1.66 percent as traders
speculated the company would announce some restructuring, which may impact
earnings outlook.
After market hours, TCS said in an analyst call it expected Q3 revenues to be in line
and kept its EBIT margin band unchanged.
Other IT stocks such as Wipro Ltd ended down 0.58 percent and HCL Technologies
Ltd closed 2.55 percent lower.
Meanwhile, caution ahead of the consumer inflation data later in the day dragged
lenders including State Bank of India down 0.86 percent, ICICI Bank Ltd 0.47 percent,
and Punjab National Bank down 0.51 percent.
Among the gainers, telecom shares such as Bharti Airtel ended up 1.35 percent on
media reports of inclusion of additional spectrum auction.
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Market corrects finally; Sensex, Nifty slip 4% - Moneycontrol.com
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Dec 12, 2014, 06.59 PM IST | Source: CNBC-TV18
Weekly wrap: Market corrects finally;

Sensex, Nifty slip 4%
MOST POPULAR
Weakness was ubiquitous this week, with broader markets at the center of profit-taking.
BSE Small Cap and CNX Midcap indices were down 3.4-3.8 percent, performing slightly
better than the benchmarks
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model; GST key: RBI's Rajan
he Sensex and Nifty shed around 4 percent during the week, hit by the weakness in global
markets. The downtrend could persist next week followed the disastrous October IIP figure
of negative 4.2 percent announced post market Friday. While inflation continued to drift lower,
weakness in industrial output during the festive season is clearly a cause for concern.
Tata Steel, Sesa Sterlite, GAIL, BHEL,

JSPL, Reliance and ONGC, L&T, Cairn
VIDEO OF THE DAY
India and Infosys slid between 612.5 percent lower, faring among
Crude the big theme for now, bigger than

reforms: Raamdeo
biggest Nifty losers this week.

Sun Pharma, Coal India, UltraTech
Cement, ITC bucked the trend,
gaining between 1-2.4 percent this
NEWS VIDEOS
week.
Mkt's 35% gain unlikely to be

replicated in 2015: Blackrock
Weakness was ubiquitous this week,

with broader markets at the center
of profit-taking. BSE Small Cap and
CNX Midcap indices were down 3.4-3.8 percent, performing slightly better than the
Crude the big theme for now, bigger than

reforms: Raamdeo
benchmarks.
Diamond Power, Bombay Burmah, HCL Info, Havells, India Cements, HDIL, Rel Comm, HCC and
Unitech lost between 10-43 percent on the bourses, on a weekly basis.c
Investors booked profits this week amid weak global cues and mixed signals domestically. The
http://www.moneycontrol.com/news/local-markets/weekly-wrap-market-corrects-finally-sensex-nifty-slip-4_1251611.html
1/4
12/12/2014
start of the week saw India's current account deficit widen to US$10.1bn in the second quarter
of 2014-15 from US$7.8bn (1.7% of GDP) in the preceding quarter. A bump in imports and
slowing of exports led to the widening of the gap. The Finance Minister however said there
was no cause for concern since FII and FDI flows were adequate to finance the deficit.
Globally, Chinese benchmark Shanghai Composite fell almost 6 percent sending shockwaves
in the region in particular and the rest of the world in general. The blame was put on new
restrictions imposed by the government on corporate bond market and subdued growth
outlook for the country.
Stocks of metal companies, which depend on exports to China took a beating owing to
weakness in China.
The scenario wasn't all rosy back home either as some of the founders sold their stake in the
blue-chip software behemoth -Infosys- which gently rattled investor sentiment and caused
turmoil in benchmark indices on that day, somewhat setting a precedent for profit taking for
the week ahead.
Government's reforms agenda has taken a blow on the chin, as latest reports from CNBC-TV18
suggest that the much awaited GST Bill might be tabled in the budget session of the
parliament in 2015 and not in the ongoing winted session, owing to ongoing differences
between centre and states on inclusion of petroleum in the bill's ambit among other issues.
This weakness hasn't deterred Raamdeo Agrawal, Joint MD, Motilal Oswal, who in an interview
with CNBC-TV18 that market could see a correction near term, but it made sense only for
traders to book profits now and get in at lower prices. For those looking to benefit from the
secular bull market over the next few years, it would pay to sit tight and ignore market
fluctuations.
Energy stocks slumped as oil prices hit five and half year lows even as IEA lowered it's demand
outlook. Brent crude which was last seen trading at USD63-a-barrel, has dropped 40 percent
since July. BSE oil & gas index lost 7.3 percent owing to a weak demand.
Wh at's N ext
Investors will keep a watch on FOMC meet and US employment data next week. Better than
expected job figures might prompt Fed to hike interest rates earlier, which in turn is likely to
rattle stock markets globally
17:03
Profit booking continues, Sensex falls 251 pts; oil weighs
The Sensex crashed 4 percent and Nifty fell 3.7 percent while the CNX Midcap and BSE Small
Cap indices were down over 3.5 percent. BSE Realty, Capital Goods, Oil & Gas, Metals, Power,
and IT slipped 4-7 percent.
2/4
12/12/2014
Re a d More
14:00
Sensex falls 251pts, Nifty ends below 8250; oil & gas drags
Re a d More
13:00
Coal India, Maruti gainers; Sensex, Nifty sluggish
Re a d More
12:00
Nifty falls below 8300; Cairn, ONGC, Sesa under pressure
Re a d More
11:04
Sensex, Nifty marginally up; Bharti gains 2%, GA IL falls 4%
Re a d More
10:00
Sensex, Nifty consolidate; midcaps, smallcaps outperform
Re a d More
09:14
Nifty holds 8300, Sensex flat; Infosys, BHEL early gainers
Re a d More
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Profit booking continues, Sensex falls 251 pts; oil weighs
READ MORE ON ccSensex, Nifty, Tata Steel, Sesa Sterlite, GAIL, BHEL, JSPL, Reliance, ONGC, L&T, Cairn India, Sun
Pharma, Coal India, UltraTech Cement, ITC, Sun Pharma, Coal India, UltraTech Cement, ITC
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Wall Street Sees Red Amid Collapse in Oil Prices | Fox Business
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By Matthew Rocco / Pub lished Decemb er 12, 2014 / FOXBusiness

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On Friday, WTI oil declined $2.14, more than 3%, to $57.81 a barrel.
The U.S. benchmark reached its lowest intraday price since May
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2009 after the International Energy Agency cut its oil demand forecast
for the fourth time in five months.

12/12/14
Deal
Health Care
Citing lower fuel consumption in Russia and other oil producing

countries, the Paris-based group now expects global oil demand of
93.3 million barrels a day in 2015, down 230,000 barrels from the
IEAs previous estimate.
Meanwhile, traders got some good news from the University of
Michigans report on consumer sentiment. A preliminary reading of
consumer sentiment in December checked in at 93.8, surpassing
Novembers reading of 88.8. Economists were looking for 89.5.
The producer-price index decreased 0.2% last month, a bit steeper
than expectations of a 0.1% drop. Excluding food and energy costs,
producer prices remained level. The consensus estimate called for
0.1% growth.
Michael Block, chief strategist at Rhino Trading Partners, said hes
watching the S&P futures contract for a possible move below a round
number of 2000.
We saw how that worked in crude yesterday, Block wrote in a note
to clients, referring to how equities reacted to sub-$60 oil.
In corporate news, Adobe Systems (ADBE) rose 9% after reporting
quarterly earnings that beat expectations.
GoPro (GPRO) rallied as much as 4% but later lost momentum from
an upgrade by J.P. Morgan.
Cheaper oil may give a boost to Delta Air Lines (DAL), which said
lower fuel prices could add to the carriers bottom line next year.
However, the company may need to write off $1.2 billion tied to fuel
hedging. Shares fell 1.3%.
2/4
12/12/2014
Elsewhere in commodities, wholesale New York Harbor gasoline fell

more than two cents to just under $1.60 a gallon. Gold futures were
down $3.50 at $1,222 a troy ounce.
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Oil plunges again, reaches recession-level depths - Businessweek
Bloomberg Businessweek
News
http://www.businessweek.com/ap/2014-12-12/oil-prices-fall-further-after-iea-cuts-forecast
Oil plunges again, reaches recession-level

depths
By By Jonathan Fahey December 12, 2014
NEW YORK (AP) Another forecast of weak global demand, another nosedive for oil.
A 6-month rout in the price of oil accelerated this week, culminating in a 4 percent drop Friday its third such
drop in 5 days to its lowest level since May of 2009, when the U.S. was still in recession. Friday's trigger was
a lowered expectation for oil consumption from the International Energy Agency.
The benchmark U.S. oil price closed down $2.14 to close at $57.81 a barrel in New York. It is now 46 percent
below its late-June high for the year of $107.26. Brent crude, the international standard used to price oil
purchased by many U.S. refineries, fell 77 cents to close at $61.85.
In its monthly oil report, the IEA said global oil demand in 2015 will grow by 900,000 barrels a day 230,000
less than previously forecast to 93.3 million barrels a day.
The agency said the reduction was a result of "the ever-more tentative pace of the global economic recovery."
It was the latest in a string of reports and forecasts that suggest that there is far more oil being produced globally
than there is demand for it.
OPEC said Wednesday that higher production from non-OPEC members and weak global economic growth
will reduce demand for its oil to 28.9 million barrels a day next year. That's the lowest level in more than a
decade, and less than the 30 million barrels per day that the group says it plans to produce next year.
Also on Wednesday, the Energy Department reported a surprise increase in U.S. crude supplies of 1.5 million
barrels. Analysts were expecting a decline of 2.2 million barrels. Gasoline stocks also increased more than
expected.
Earlier in the week Japan reported that its economy shrunk more than expected and new factory data from
China suggested further slowing there.
On Friday the IEA said several years of high oil prices prompted drillers around the world to develop new oil
fields. Now that oil is surpassing demand. For example, U.S production has surged by 3.5 million barrels per
day since 2008 more than every OPEC nation except Saudi Arabia.
The agency dampened expectations that the fall in oil prices will automatically be a boon for the global economy.
http://www.businessweek.com/printer/articles/571208?type=ap
1/2
12/12/2014
Oil plunges again, reaches recession-level depths - Businessweek
"The adverse impact of the oil price rout on oil-exporting economies looks likely to offset, if not exceed, the
stimulus it could provide for oil-importing countries against a backdrop of weak economic growth and low
inflation," the IEA said.
It highlighted the impact on Russia, which has been particularly hard hit by the market sell-off.
Others, however, believe the benefit to consumers from lower fuel prices outweighs the negatives for energy
producers. In a note last month, Barclay's estimated that a 20 percent decline in gas prices in the U.S. results in
$70 billion of savings for consumers, money that helps restaurants, clothing stores, movie theaters and other
businesses that depend on discretionary spending.
Barclays said those gains more than offset an estimated reduction of $40 billion in capital spending by the energy
sector.
The average price of gasoline in the U.S. has dropped 30 percent since April, to $2.60 per gallon from this
year's peak of $3.70, according to AAA, saving a typical household $100 a month.
Jonathan Fahey can be reached at http://twitter.com/JonathanFahey .
2014 Bloomberg L.P. All Rights Reserved. Made in NYC
http://www.businessweek.com/printer/articles/571208?type=ap
2/2
12/13/2014
Brent Crude Oil
$61.85
-1.83
-2.96%
2014.12.12 end-of-day
WTI Crude Oil
$57.81
-2.14
-3.70%
2014.12.12 end-of-day
Co mmo dities
Crud e Oil
57.81
-3.70%
Na tura l G a s
3.80
+4.24%
G a soline
1.60
-1.70%
He a ting Oil
2.02
-2.25%
G old
1222.00
-0.25%
Silve r
17.02
-0.24%
Cop p e r
2.95
+0.19%
2014.12.12 end-of-day
Add to your site
Price
Change
2014.12.12 - $ 57.81
-2.14 -3.70%
1 Year Forecast
$66 / Barrel
1/2
12/14/2014
OPEC Official Says The Oil Price Drop Goes Beyond Market Fundamentals - Business Insider
OPEC Is Not In Control

MYLES UDLAND AND REUTERS
DEC. 14, 2014, 10:11 AM
OPEC is not in control.

For the second time in a
week, OPEC officials
intimated that the recent
collapse in the price of oil is
not related to OPEC's
actions or a fundamentally
sound market.
Speaking at an event in
Dubai on Sunday,
the secretary-general of the
Organization of the
Petroleum Exporting
Countries, Abdullah alBadri, said the price of oil
had fallen further than
market fundamentals would
have dictated, reports
Reuters.
Thomson Re ute rs
OPEC Secretary-General al-Badri addresses a news

conference after a meeting of OPEC oil ministers at
OPEC's headquarters in Vienna
"The fundamentals should not lead to this dramatic reduction (in price)," al-Badri said,
according to Reuters.
Earlier this week, Saudi oil minister Ali Al-Naimi told Bloomberg, "Why should I cut
production? You know what a market does for any commodity. It goes up and down and
up and down."
But as Business Insider's Shane Ferro wrote last Wednesday: "The whole point of OPEC
is to use collective action, through tightly controlling the world's oil supply, to counteract
the market forces that Al-Naimi is now saying should be allowed to move freely."
Al-Badri added in his comments to Reuters on Sunday that OPEC's decision in November
http://www.businessinsider.com/r-opecs-badri-says-oil-price-drop-beyond-market-fundamentals-2014-12
1/3
12/14/2014
to maintain its current production target was not aimed at anyone specifically.
"Some people say this decision was directed at the United States and shale
oil. All of this is incorrect. Some also say it was directed at Iran. And Russia.
This also is incorrect," al-Badri said.
And according to The Wall Street Journal's account of al-Badri's comments, al-Badri
there is "no target price" that OPEC seeks for oil.
Some commentators, including The Economist, have speculated that OPEC's decision not
to curb production amid tumbling oil prices was an effort to pressure US shale oil
producers who have ramped up production significantly in the last few years.
In the first week of December, US weekly oil production came in at its highest level since
1986.
On Friday, West Texas Intermediate crude oil settled at around $58 a barrel, while Brent
crude oil was near $62, both five-year lows.
According to Bloomberg, United Arab Emirates energy minister Suhail Al-Mazrouei said
at the same conference in Dubai that, "We are not going to change our minds because the
prices went to $60 or to $40 ... the market will stabilize itself."
Here's what the market has done to oil this year.
2/3
12/14/2014
Busine ss I nside r
(Reuters reporting by William Maclean; writing by David French, editing by John

Stonestreet)
* Copyright 2014 Business Insider Inc. All rights reserved.
3/3
12/14/2014
Qatar Stocks Enter Bear Market as Dubai Erases 2014 Gains on Oil - Bloomberg
Qatar Stocks Enter Bear Market as Dubai Erases 2014

Gains on Oil
By Dana El Baltaji and Ahmed A. Namatalla - Dec 14, 2014
Shares in Qatar plunged, becoming the fifth gauge in the oil-rich Gulf Cooperation Council to enter a
bear market, as crude prices dropped to the lowest level since July 2009. Dubais gauge wiped out this
years advances.
Qatars QE Index (DSM) lost 5.9 percent to 11,114.43 at the close in Doha, bringing its decline since
Septembers record high to 23 percent. Dubais DFM General Index (DFMGI) lost 7.6 percent, the
most since October 2008. The shares have retreated 34 percent this quarter, turning one of the worlds
best gains in 2014 into a 1.4 percent loss. The measure, along with indexes in Saudi Arabia, Kuwait
and Oman fell into a bear market in the past three weeks.
Brent crude slumped to $61.85 a barrel last week after the Organization of Petroleum Exporting
Countries cut its forecast for demand in 2015 to the weakest level in 12 years. The Dow Jones
Industrial Average (INDU) had its worst week since 2011 and European shares fell the most in more
than three years. The United Arab Emirates Energy Minister Suhail Al-Mazrouei said today OPEC
wont cut production even if prices fall to $40 a barrel. The GCC is home to about a third of the
worlds proven oil reserves.
This is an overreaction to further falls in oil prices and global markets, Saleem Khokhar, who helps
oversee about $3 billion at NBAD Asset Management Group, said by telephone from Abu Dhabi.
Valuations have become quite attractive and I expect the markets to stabilize soon.
Dubai stocks now trade at 10.4 times estimated 2015 earnings, compared with 10.7 for MSCI Inc.s
emerging markets index. The DFM gauge traded as high as 21 times trailing earnings at the end of
August, according to data compiled by Bloomberg. The ratio for Qatari and Saudi shares fell to 11.5
times and 11 times projected profits next year, respectively.
Oil Revenue
Saudi Arabias Tadawul All Share Index fell 3.3 percent to 8,119.08, the lowest close in 13 months. Abu
Dhabis ADX General Index (ADSMI) slipped 3.6 percent, taking its retreat from a May peak to
almost 20 percent. The measure has erased gains this year to slide 1.9 percent. The exchange today
http://www.bloomberg.com/news/print/2014-12-14/qatar-abu-dhabi-stocks-headed-for-bear-market-as-oil-slumps.html
1/3
12/14/2014
announced a five-minute trading halt if a stock moves by 5 percent to prevent rash decisions,
according to an e-mailed statement.
Kuwaits SE Price Index lost 2.9 percent, Omans benchmark declined 3.2 percent and Bahrains
measure fell 0.6 percent.
Oil is a major source of revenue for government budgets in the region, Tariq Qaqish, fund manager
at Al Mal Capital PSC, said by telephone from Dubai. Lower oil prices mean lower spending. Lower
spending means less economic growth.
Governments in the region need a break-even oil price of about $80 a barrel for this year, according
to International Monetary Fund estimates.
Oil and natural gas production contributes to more than half of Qatars gross domestic product,
according to the U.S. Energy Information Administration. All 20 of the stocks on the nations index
declined.
The host of the 2022 World Cup and holder of the worlds third-largest natural gas reserves plans to
spend $210 billion over seven years on roads, stadiums, a rail network and a new city before the
soccer tournament.
Egypt Drops
The selloff on the back of declining oil prices has even affected stocks in Egypt, a net importer of
energy. The EGX 30 Index dropped 5.2 percent, the most in more than two years, trimming gains for
the year to 29 percent.
The freefall in oil prices is causing some panic thats spilling over here, Wafik Dawood, portfolio
manager at Cairo-based Compass Capital, said by telephone. Even though Egypts economy stands to
benefit from the drop in oil prices, the lack of local catalysts is forcing the market to mirror the global
performance.
Elsewhere in the region, Israels benchmark TA-25 Index retreated 0.5 percent at 3:34 p.m. in Tel
Aviv. Perrigo Co. led the decline with a 3.7 percent drop.
The yield on the governments 3.75-percent bonds due 2024 dropped six basis points to 2.27 percent,
the lowest on a closing basis in almost two weeks. (An earlier version of this story was corrected to
show Qatar is the fifth GCC gauge to enter a bear market.)
To contact the reporters on this story: Dana El Baltaji in Dubai at delbaltaji@bloomberg.net; Ahmed
A. Namatalla in Cairo at anamatalla@bloomberg.net
2/3
12/14/2014
To contact the editors responsible for this story: Samuel Potter at spotter33@bloomberg.net Claudia
Maedler
2014 BLOOMBERG L.P. ALL RIGHTS RESERVED.
3/3
12/15/2014
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U.S. crude tumbled almost 5 percent, extending losses after the close
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In Monday's early trade, Brent was supported by news of loading

delays for January cargoes of North Sea Forties crude due to lower-
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than-expected output.
A production glitch at the Buzzard oilfield in the UK North Sea also
helped Brent, as did news that Libya's two biggest oil ports were shut
from fighting between armed factions.
Selling pressure emerged by midmorning after UAE's Oil Minister
Suhail Bin Mohammed al-Mazroui added to bearish comments by
OPEC Secretary-General Abdullah al-Badri.

12/15/14
Deal
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Al-Mazroui said there was no need for an emergency OPEC meeting

to help support prices.
Venezuela and Algeria, which need higher oil prices for their
economies, were among OPEC members that had proposed an
emergency meeting after OPEC's summit in Vienna last month did
not agree on output cuts. OPEC's next meeting is in June 2015.
OPEC's Al-Badri, meanwhile, said the 12-member Organization of
the Petroleum Exporting Countries could ride out the near 50 percent
oil price slump since June without amending production.
U.S. crude settled down $1.90, or 3.3 percent, at $55.91 a barrel. It
fell thereafter to a new May 2009 low of $55.02.
Brent finished down 79 cents, or 1.3 percent, at $61.06. It fell postsettlement to $60.20, a bottom since July 2009.
The disparity in their drop extended Brent's premium versus U.S.
crude to a one month-high above $5.
The spread between Brent's front-month January and nearby February
also narrowed, to around 20 cents a barrel from Friday's 30 cents.
U.S. crude sold off more sharply on fears of another sharp inventory
build in the United States last week, traders said.
(By Barani Krishnan; Additional reporting by Robert Gibbons in New
York, Christopher Johnson in London and Henning Gloystein in
Singapore; Editing by Bernadette Baum and Grant McCool)
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Oils early session gains had stocks set for a positive move but a
Print
volatile reversal of Crude sent stocks into the red as the hostage
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Following Fridays dramatic drop, Nymex Crude opened to modest

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The Dow Jones Industrial Average swung negative after early gains
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The NASDAQ Composite lost 48.44 points closing at 4,605.16 down

48.44 points while the NASDAQ 100 fell 41.87 points or one percent
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The Small cap Russell 2000 fell 1.05% after losing 12.15 points to
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12/16/2014
Brent Crude Oil
$61.06
-0.79
-1.29%
2014.12.15 end-of-day
WTI Crude Oil
$55.91
-1.90
-3.40%
2014.12.15 end-of-day
Commodities
Crud e Oil
55.91
-3.40%
Na tura l G a s
3.72
-2.04%
G a soline
1.58
-1.33%
He a ting Oil
2.00
-0.71%
G old
1207.20
-1.23%
Silve r
16.53
-2.98%
Cop p e r
2.90
-1.67%
2014.12.15 end-of-day
Add to your site
Price
Change
2014.12.15 - $ 55.91
-1.90 -3.40%
1 Year Forecast
$64 / Barrel
1/2
12/17/2014
Sensex down 285 points, Nifty fals below 8,000 - The Hindu
Business Markets
Sensex down 285 points, Nifty fals below 8,000

PTI
The BSE benchmark has lost 1,049.66 points in the past four sessions.
Bears continued to cast shadow as the benchmark BSE Sensex extended its overnight crash to drop 284.91 points and
Nifty fell below the crucial 8K-level on across the board selling amid mixed Asian cues.
The market was entangled by global uncertainties due to fall in crude oil prices, Russian currency turmoil as well as
uninterrupted selling by FIIs.
There is a need of definite trigger for bourses to recoup as investors are looking for the outcome of a crucial US
Federal Reserve meeting, a trader said.
The 30-share BSE Sensex resumed lower at 27,724.01 and dipped to 26,483.57, down by 284.91 points, or 1.06 per
cent, at 10.15 a.m.
The NSE 50-share Nifty fell below the crucial 8,000-mark, falling by 95.50 points, or 1.18 per cent, to quote at
7,972.10.
There was selling across the sectors, led by metal, realty, banking, auto, healthcare, consumer durables, capital goods,
power, IT, tech and oil & gas, along with shares from mid-cap and small-cap companies.
Foreign Portfolio Investors sold shares worth a net Rs. 1,247.24 crore on Tuesday, as per provisional data.
Major losers were Cipla (2.72 per cent), Tata Power (2.37 per cent), Sun Pharma (2.16 per cent), Bharti Airtel (2.13
per cent), Hero Moto (1.70 per cent) and Tata Motors (1.65 per cent).
Asian stocks were trading mixed.
Key indices in Indonesia, South Korea, China and Japan rose 0.01-0.99 per cent while those in Hong Kong, Singapore
and Taiwan were down by 0.21-0.74 per cent.
Keywords: Sensex, BSE, Nifty, NSE, India stock markets
Printable version | Dec 18, 2014 8:06:13 AM | http://www.thehindu.com/business/markets/sensex-extends-lossesfalls-117-points-in-early-trade/article6700138.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-extends-losses-falls-117-points-in-early-trade/article6700138.ece?css=print
1/1
12/17/2014
Sensex ends 71 points lower - The Hindu
Business Markets
Sensex ends 71 points lower

PTI
The BSE benchmark Sensex regained most of the steep losses it suffered in early trade, but still ended the day 71
points lower at 26,710.13 after a highly volatile trade amid continuing investor worries over global economy.
The 30-share BSE index resumed lower and immediately nosedived by 310 points to a low of 26,469.42. After moving
in erratic fashion through the day, it finally settled at 26,710.13, a fall of 71.31 points from its previous close, extending
losses for the fifth straight day.
The barometer has lost 1,120.97 points in five days of selling by investors.
The Nifty also declined by 37.80 points to end the day at 8,029.80.
Healthcare, realty, consumer durable, FMCG and auto segments registered losses, while metal and oil & gas attracted
good buying interest.
Keywords: BSE, NSE, Nifty, Sensex, stock markets
Printable version | Dec 18, 2014 8:08:13 AM | http://www.thehindu.com/business/markets/sensex-ends-71-pointslower/article6701253.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-ends-71-points-lower/article6701253.ece?css=print
1/1
12/19/2014
Brent Crude Oil
$59.27
-1.91
-3.22%
2014.12.18 end-of-day
WTI Crude Oil
$54.11
-2.36
-4.36%
2014.12.18 end-of-day
Commodities
Crud e Oil
54.11
-4.36%
Na tura l G a s
3.64
-1.65%
G a soline
1.53
-2.55%
He a ting Oil
1.94
-3.60%
G old
1194.70
+0.03%
Silve r
15.89
Cop p e r
2.87
-0.52%
2014.12.18 end-of-day
Add to your site
Price
Change
2014.12.18 - $ 54.11
-2.36 -4.36%
1 Year Forecast
$62 / Barrel
1/2
12/22/2014
Saudi Oil Minister Hints Russia Doesn't 'Deserve Market Share' - Business Insider
Saudi Oil Minister Says Russia

Doesn't 'Deserve Market Share'
JIM EDWARDS
DEC. 22, 2014, 12:10 PM
Rob Griffith/Re ute rs
President of Russia Vladimir Putin talks with the Saudis during the G20 leaders
summit in Brisbane November 15, 2014.
Saudi Oil Minister Ali Naimi really got the world's attention in an interview he gave to the
energy journal Middle East Economic Survey (MEES). We told you earlier that Naimi said
the Saudis don't care how low the price of oil goes: "Whether it goes down to $20, $40,
$50, $60, it is irrelevant."
What's interesting though is Naimi's rationale for not caring. Basically, he told MEES, the
Saudis can afford not to care about the low price of oil.
The Russians, by contrast, cannot afford it because they are inefficient producers who
can't stop pumping even if they wanted to. Low prices are decimating the Russian
economy because the country is dependent on oil. That's driving down the value of the
ruble, and making it impossible for Russia to pay its debts. Already, Russia's central bank
has had to bail out one of its private banks. A full scale Russian collapse is increasingly
likely. Russia can't reduce the amount of oil it pumps (which might raise prices) because
http://www.businessinsider.com/saudi-oil-minister-hints-russia-doesnt-deserve-market-share-2014-12
1/2
12/22/2014
Saudi Oil Minister Hints Russia Doesn't 'Deserve Market Share' - Business Insider
its oil fields and technology aren't as good as the Saudis'.

The reason Saudi Arabia isn't collapsing like Russia is because the Saudis have been
careful and efficient producers, who have stockpiled huge amounts of cash in case this day
would come, Naimi reckons.
Everyone is asking whether the Saudis should pump less oil and let the price come up,
rescuing nations like Russia who need the price of oil to be $105 a barrel. But why should
the Saudis be punished for Russia's uselessness? Naimi told MEES via The Financial
Times that Russia doesn't "deserve market share":
It is also a defence of high efficiency producing countries, not only of market share.
We want to tell the world that high efficiency producing countries are the ones that
deserve market share. That is the operative principle in all capitalist countries.
You know Naimi is talking about Russia specifically because of the geography he calls out
by name:
... The problem with old fields around the world is that they need continuous
investment in new wells, and they cannot shut old wells, because if they do, they will
not come back up. So they are wary in that respect, particularly in West Siberia,
where they have been producing for a long time and the wells there are declining.
... I want to make one thing clear. It is unfair of you to ask Opec to cut. We are the
smallest producer. We produce less than 40% of global output. We are the most
efficient producer. It is unbelievable after the analysis we carried out for us to cut.
* Copyright 2014 Business Insider Inc. All rights reserved.
http://www.businessinsider.com/saudi-oil-minister-hints-russia-doesnt-deserve-market-share-2014-12
2/2
12/22/2014
Brent Crude Oil
$60.11
-1.27
-2.11%
2014.12.22 end-of-day
WTI Crude Oil
$55.26
-1.87
-3.38%
2014.12.22 end-of-day
Commodities
Crud e Oil
55.26
-3.38%
Na tura l G a s
3.14
-10.18%
G a soline
1.54
-1.60%
He a ting Oil
1.95
-0.55%
G old
1179.70
-1.37%
Silve r
15.65
-2.19%
Cop p e r
2.90
2014.12.22 end-of-day
Add to your site
Price
Change
2014.12.22 - $ 55.26
-1.87 -3.38%
1 Year Forecast
$63 / Barrel
1/2
12/25/2014
CrudeOil,Gas,andMetalsPrices.html
BrentCrudeOil
$60.24
1.45
2.41%
2014.12.24endofday
WTICrudeOil
$55.84
1.28
2.29%
2014.12.24endofday
Commodities
Crude Oil
55.84
-2.29%
Natural Gas
3.03
-4.65%
Gasoline
1.51
-3.81%
Heating Oil
1.92
-3.49%
Gold
1173.50
-0.37%
Silver
15.67
-0.36%
Copper
2.87
2014.12.24 end-of-day
-0.96%
Add to your site
CrudeOilPricebyOILPRICE.NET
Price
Change
2014.12.24$55.84 1.282.29%
1YearForecast
$64/Barrel
1/2
12/26/2014
Brent Crude Oil
$59.45
-0.79
-1.33%
2014.12.26 end-of-day
WTI Crude Oil
$54.73
-1.11
-2.03%
2014.12.26 end-of-day
Commodities
Crud e Oil
54.73
-2.03%
Na tura l G a s
3.01
-0.76%
G a soline
1.51
He a ting Oil
1.91
-0.82%
G old
1195.30
+1.82%
Silve r
16.11
+2.72%
Cop p e r
2.84
-1.38%
2014.12.26 end-of-day
Add to your site
Price
Change
2014.12.26 - $ 54.73
-1.11 -2.03%
1 Year Forecast
$62 / Barrel
1/2
12/29/2014
Brent Crude Oil
$57.88
-1.57
-2.71%
2014.12.29 end-of-day
WTI Crude Oil
$53.61
-1.12
-2.09%
2014.12.29 end-of-day
Commodities
Crud e Oil
53.61
-2.09%
Na tura l G a s
3.19
+5.71%
G a soline
1.45
-3.85%
He a ting Oil
1.85
-3.18%
G old
1181.70
-1.15%
Silve r
15.74
-2.34%
Cop p e r
2.84
2014.12.29 end-of-day
Add to your site
Price
Change
2014.12.29 - $ 53.61
-1.12 -2.09%
1 Year Forecast
$61 / Barrel
1/2
12/30/2014
Markets Retreat from Record Levels | Fox Business
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The speed and scale of the rally provided incentive to take profits, and
amplified volatility is possible this week with many market participants
Oil Prices Seesaw
out for the holiday, which dampens volume. The stock market will be
as Oversupply
Worries Persist
closed on Thursday for the New Year's holiday.

"It wasn't going to take much to prompt the decline, it's probably more
resting than anything else. We've had a pretty significant move
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"We've marched straight up from 1,970 or so to about 2,100 so it's
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only natural that we are going to get a little bit of a pullback here."
The Dow Jones industrial average fell 55.16 points, or 0.31 percent,
to 17,983.07, the S&P 500 lost 10.22 points, or 0.49 percent, to
2,080.35 and the Nasdaq Composite dropped 29.47 points, or 0.61
In the latest economic data, consumer confidence rose slightly less
than expected in December, while U.S. single-family home price
appreciation slowed less than forecast in October.
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NeuroDerm (NDRM) soared more than 193 percent to $18.14 on

heavy volume after it said data from a mid-stage study suggested that
a higher dose of its Parkinson's drug could provide an alternative to
treatments that require surgery.
Civeo Corp (CVEO), which provides temporary housing for oilfield
workers and miners, late Monday slashed its workforce and forecast
revenue could fall by one-third as slumping crude prices force oil
producers to cut costs. The stock plunged 52.6 percent to $3.92 on
volume of about 56.2 million shares, the most active day in its history.
Volume was light, with about 4.42 billion shares traded on U.S.
exchanges, well below the 7.06 billion average so far this month,
according to data from BATS Global Markets.
Declining issues outnumbered advancing ones on the NYSE by 1,806
to 1,262, for a 1.43-to-1 ratio; on the Nasdaq, 1,671 issues fell and
1,031 advanced for a 1.62-to-1 ratio favoring decliners.
The benchmark S&P 500 posted 25 new 52-week highs and 6 new
lows; the Nasdaq Composite recorded 107 new highs and 39 new
lows.
(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)
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"The trend isn't broken and you need to go with it until it breaks," said
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Michael Matousek, head trader at U.S. Global Investors Inc in San
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Antonio.
"I don't see anything coming up that could really break the fundamental
picture out there. We could see pullbacks, which you should buy on,
but I don't see a downtrend."
NephroGenex Inc soared 240 percent to $15.77 a day after it said its
lead drug was found to be safe in patients with diabetic nephropathy
in a cardiac safety study. More than 4.2 million shares traded, by far

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Health Care
the stock's most active day.

Jobless claims rose more than expected in the latest week, snapping
four straight weeks of declines, though the rise was not enough to
change views of sustained strength in the labor market.
Separately, the pace of business activity in the U.S. Midwest slowed
more than expected in December, while pending home sales rose 0.8
percent in November, stronger than forecast.
At 11:44 a.m. (1644 GMT) the Dow Jones industrial average rose
42.78 points, or 0.24 percent, to 18,025.85, the S&P 500 gained 2.37
points, or 0.11 percent, to 2,082.72 and the Nasdaq Composite
added 17.94 points, or 0.38 percent, to 4,795.38. With the day's
move, the S&P is 0.4 percent below its record close.
For the year, the Dow is up 8.7 percent, its sixth straight annual gain,
the S&P is up 12.7 percent, and the Nasdaq up 14.8 percent, The
best-performing S&P component in 2014 is Southwest Airlines Co up
127.8 percent, while the worst is Transocean Ltd, down 63 percent.
Advancing issues outnumbered declining ones on the NYSE 1,813 to
1,138, for a 1.59-to-1 ratio; on the Nasdaq, 1,664 issues rose and
970 fell for a 1.72-to-1 ratio favoring advancers.
The S&P 500 was posting 36 new 52-week highs and 6 new lows; the
Nasdaq Composite was recording 102 new highs and 18 new lows.
(Editing by Nick Zieminski)
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Brent Crude Oil
$57.33
-0.57
-0.99%
2014.12.31 end-of-day
WTI Crude Oil
$53.27
-0.85
-1.60%
2014.12.31 end-of-day
Commodities
Crud e Oil
53.27
-1.60%
Na tura l G a s
2.89
-7.10%
G a soline
1.44
-1.28%
He a ting Oil
1.85
-1.20%
G old
1183.90
-1.38%
Silve r
15.56
-4.34%
Cop p e r
2.84
-1.07%
2014.12.31 end-of-day
Add to your site
Price
Change
2014.12.31 - $ 53.27
-0.85 -1.60%
1 Year Forecast
$61 / Barrel
1/2
1/2/2015
Brent Crude Oil
$56.42
-0.91
-1.61%
2015.01.02 end-of-day
WTI Crude Oil
$52.69
-0.58
-1.10%
2015.01.02 end-of-day
Commodities
Crud e Oil
52.69
-1.10%
Na tura l G a s
3.00
+3.80%
G a soline
1.43
-2.70%
He a ting Oil
1.80
-2.11%
G old
1186.00
+0.18%
Silve r
15.73
+1.07%
Cop p e r
2.84
2015.01.02 end-of-day
Add to your site
Price
Change
2015.01.02 - $ 52.69
-0.58 -1.10%
1 Year Forecast
$60 / Barrel
1/2
1/5/2015
Wall Street Thrashed Amid Oil Selloff, Growing Eurozone Worries | Fox Business
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By Dunstan Prial / Pub lished January 05, 2015 / FOXBusiness

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U.S. equities fell deep into negative territory Monday on worries about
a potential Greece exit from the eurozone and plunging euro.

Oil Extends Drop on
As of 1:15 p.m. ET, the Dow Jones Industrial average shed 324
Global Supply Glut
points, or 1.82%, to 17508. The S&P 500, meanwhile, dropped 37

points, or 1.80% to 2021, while the Nasdaq fell 69 points, or 1.47, to
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4656. All ten S&P 500 sectors were in negative territory, with the
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ObamaCare's tax
negative and increasing political uncertainty in Greece, all of whicdh
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could force the European Central Bank to unleash quantitative easing.

For the Dow and S&P it was the largest drop in nearly a month.
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The S&P 500 is down for a fourth consecutive day. If the S&P
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finishes down during todays session it will be the longest losing
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What if Greece leaves the
EU?
Meanwhile, commodity-linked stocks fell as crude oil prices dropped
Recommended by
to fresh 5-1/2 year lows and a strong dollar weighed down metals
Morning Biz Outlook
prices.
Crude oil futures prices dropped to their lowest since May 2009 amid
Oil prices continue to fall
a global supply glut and falling demand. In spite of the glut and lack of
global demand, some large oil-producers are still generating large
amounts, exacerbating the situation. Russia's oil output hit a post-
Soviet high last year, and Iraq's oil exports in December were the
Outlook for gold in 2015

Deal
highest since 1980.

The strong U.S. dollar is putting even more pressure on dollar-

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denominated commodities. A measure of the dollar against a basket

of major currencies reached its highest since December 2005.
The market fall is "driven quite a bit by the slump in energy prices,"
Rick Meckler, president of LibertyView Capital Management in
Jersey City, New Jersey, told Reuters.
He said aside from the positive effect it has on consumers, the plunge
in energy could have a negative effect in other sectors of the market.
"You also have a very strong dollar," he said. "Multinationals will have
their earnings decreased if they aren't fully hedged."
The S&P 500 energy sector was down 2.6 percent. It fell almost 20
percent over the last two quarters of last year.
Shares of Cempra Inc were up 9.2 percent at $24.99 after rising
nearly 30 percent at one point in premarket. It moved closer to
approval of its lead antibiotic, solithromycin, after an oral version of
the potential blockbuster met the main goal in a late-stage trial.
to 572, for a 3.98-to-1 ratio; on the Nasdaq, 1,678 issues fell and 704
advanced for a 2.38-to-1 ratio favoring decliners.
The S&P 500 was posting 5 new 52-week highs and 6 new lows; the
Nasdaq Composite was recording 22 new highs and 9 new lows.
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Brent Crude Oil
$53.11
-3.31
-6.23%
2015.01.05 end-of-day
WTI Crude Oil
$50.04
-2.65
-5.30%
2015.01.05 end-of-day
Commodities
Crud e Oil
50.04
-5.30%
Na tura l G a s
2.88
-4.20%
G a soline
1.38
-3.76%
He a ting Oil
1.75
-2.66%
G old
1203.90
+1.49%
Silve r
16.18
+2.75%
Cop p e r
2.79
-1.63%
2015.01.05 end-of-day
Add to your site
Price
Change
2015.01.05 - $ 50.04
-2.65 -5.30%
1 Year Forecast
$57 / Barrel
1/2
1/6/2015
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By Michael Goldstein / Market Radar / Pub lished January 05, 2015 / FOXBusiness
Stocks were down across the board in a broad market selloff fueled
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by the continuing decline of crude oil prices. The Energy sector led
Em ail
the dive falling by nearly 4% as crude oil fell to nearly six year lows.
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Nymex crude fell for the third consecutive session dipping below $50
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The Dow Jones Industrial average shed 331.34 points to close at

17,501.65 down 1.86%. The S&P 500 fell for the fourth consecutive
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session for the first time in over a year losing 37.62 points or 1.83% to
close at 2,020.58.
The NASDAQ lost 1.57% to close at 4,652.57 down 74.24 points
while the tech heavy NASDAQ 100 fell 1.64% or 69.28 points to close
at 4,160.96.
The Small cap Russell 2000 closed at 1,181.35 after losing 17.45
points or 1.46%. The FOX50 was down 1.76% closing at 1,413.80
down 25.3 points.
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Oil Hits New Lows, Brent Crude Nears $50 | Fox Business
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Oil Hits New Lows, Brent Crude Nears $50
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By Nicole Friedman / Pub lished January 06, 2015 / Dow Jones Newswires
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Oil prices continue

to fall
Outlook for gold in

2015
REUTERS
Oil prices slumped sharply Tuesday on expectations of growing
Print
supplies and broad concerns about the pace of global growth.
Em ail
Share
Light, sweet oil for February delivery fell $2.11, or 4.2%, to $47.93 a
Share
10
Tw eet
19
Share

Oil Crash Watch:
barrel on the New York Mercantile Exchange.
When Do the Good

Times Roll?
Brent, the global benchmark, fell $2.01, or 3.8%, to $51.10 a barrel on

ICE Futures Europe.
AP PHOTOS: First
Both contracts hit their lowest prices since April 2009.
tuna of the year

sells for 4.5 million
yen at Japan's
The selloff accelerated Tuesday as traders looked ahead to weekly
Tsukiji market
U.S. inventory data, which are expected to show that crude-oil

supplies grew last week. New indications that top exporter Saudi
Gold Rises on
Chinese Buying
Arabia is unwilling to cut production also weighed on the market.

The price drop roiled other markets. Currencies of oil-producing
nations fell against the dollar and shares of energy companies slid.
What if Greece
Bond yields fell to fresh lows as investors, worried about deflation,
leaves the EU?
piled into safer assets.

Oil futures have plunged for months on concerns that the global
market is oversupplied, largely due to unexpectedly strong U.S.
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1/6/2015
"Oil is the thing that's pretty much driving all the financial markets right
Recommended by
now," said Jeffrey Sherman, portfolio manager at DoubleLine Capital
Morning Biz Outlook
LP, which oversees about $64 billion in assets. "This is essentially the
market realizing that global growth is probably slowing."
Energy companies are cutting back on spending in response to low
prices, but it could take months for production growth to slow, market
watchers say.
The U.S. Energy Information Administration is set to release storage
data for the week ended Jan. 2 on Wednesday. Analysts surveyed by
The Wall Street Journal expect the report to show that domestic oil

Deal
Health Care
supplies rose by 300,000 barrels in the week, while gasoline

inventories grew by 3.2 million barrels and stocks of distillates,
including heating oil and diesel fuel, rose by 2.3 million barrels.
The American Petroleum Institute, an industry group, said late
Wednesday that its own data for the same week showed a 4-millionbarrel decline in crude-oil supplies, according to an industry source.
The group also said that gasoline supplies grew by 6.9 million barrels
and distillate stocks rose by 9.1 million barrels, according to the
source.
The Organization of the Petroleum Exporting Countries opted not to
lower its production quota in November, disappointing many investors
and traders who had counted on the cartel to restore balance to the
market.
"The market's trying to find that level where there's a supply response,
" said Amrita Sen, oil analyst at Energy Aspects in London. "OPEC is
usually the quickest supply response, and it's not there at the
moment."
Saudi Arabia, OPEC's biggest exporter, reaffirmed its stance this
week. On Monday, the kingdom lowered the price of its benchmark
light oil in the U.S., a sign that it may be trying to regain market share
and push prices low enough that U.S. shale-oil production becomes
unprofitable. Saudi price cuts to the U.S. in recent months have
weighed on prices.
On Tuesday, Saudi Arabia's King Abdullah said the country will
address the recent decline in oil prices with "a solid will," according to
a speech read by his crown prince on state television Tuesday. The
90-year-old king is in the hospital being treated for pneumonia. The
speech blamed current tensions in the oil market on "the slow growth
in the global economy," rather than on the ample supply growth that
analysts and traders say was the chief cause.
2/4
1/6/2015
"Over a significant part of the last 15 years, we've had Saudi Arabia
and others playing a swing producer role. They've now decided not
to," said Tim Guinness, chief investment officer of Guinness Atkinson
Asset Management Inc., which oversees $300 million in energy equity
investments. "There is excess supply in the short run, and it wouldn't
surprise us to see the oil price go below $40."
Gasoline futures for February delivery fell 2.71 cents, or 2%, to
$1.3543 a gallon, the lowest settlement since March 2009.
Diesel futures fell 2.30 cents, or 1.3%, to $1.7262 a gallon, the lowest
level since September 2009.
(Timothy Puko and Summer Said contributed to this article.)
+ Follow

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George Clooney's w ife Am al risks arrest in Egypt
Heidi Klum turns heads w ith young boyfriend, topless
sunbathing
As oil prices fall, governor orders halt to new spending
on 6 m egaprojects pending review
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Brent Crude Oil
$51.10
-2.01
-3.93%
2015.01.06 end-of-day
WTI Crude Oil
$47.93
-2.11
-4.40%
2015.01.06 end-of-day
Commodities
Crud e Oil
47.93
-4.40%
Na tura l G a s
2.94
+1.91%
G a soline
1.35
-2.00%
He a ting Oil
1.73
-1.33%
G old
1219.30
+1.26%
Silve r
16.60
+2.55%
Cop p e r
2.80
+0.39%
2015.01.06 end-of-day
Add to your site
Price
Change
2015.01.06 - $ 47.93
-2.11 -4.40%
1 Year Forecast
$55 / Barrel
1/2
1/7/2015
Oil price plunge means layoffs for US steel workers - CSMonitor.com
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Oil price plunge means layoffs for US

steel workers
United States Steel Corp said it would temporarily idle its pipe manufacturing
plant in Lorain, Ohioand lay off 614 workers, largely due to weak demand from
Popular Now
1
the oil industry.A number of North American oil and gas companies have cut
(/Science/2015/0106/Planethunters-discover-two-newEarth-like-planets-video)
capital spending plans following a sharp fall in oil prices.

By Staff, Reuters
JANUARY 7, 2015
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United States (/csmlists/topic/United+States) Steel Corp said it would
temporarily idle its pipe manufacturing plant in Lorain, Ohio and lay off 614
(/USA/2015/0106/Americansnew-mood-about-economy-Its-actually-pretty-good)
workers, largely due to weak demand from the oil industry.
Americans' new mood

about economy: Its
actually pretty good
(/USA/2015/0106/Americansnew-mood-abouteconomy-It-s-actuallypretty-good)
The company sent a layoff notice to workers on Monday, citing weak

market conditions. (http://bit.ly (/csmlists/topic/Bitly+Inc.)/1BE4HAs)
U.S. Steel's shares were down nearly 2 percent at $24.88 in early afternoon
trading on Tuesday.
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Revere-s-time-capsuleunveiled-in-Bostonvideo)
"The company has suddenly lost a great deal of business because of the
recent downturn in the oil industry," the notice reads. "What appeared just
a few short weeks ago as being a productive year, [with new hires in
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begun formulating plans to minimize the impact this may have on the
membership," it continued. "We have been allotted 60 days in order to
protect the rights of the membership, unlike in the past when layoffs
occurred immediately."
A number of North American oil and gas
companies have cut capital spending plans

following a sharp fall in oil prices, which have
more than halved since mid-2014.
Canada (/csmlists/topic/Canada)'s Crescent
(/Environment/2014/1028/Why-are-
Point Energy Corp, for example, said on
oil-prices-falling-5-reasons-you-might-
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Oil prices: 5 reasons they keep falling
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Oil service companies Schlumberger Ltd and

Civeo Corp have also laid off workers as oil and
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1/7/2015
Crude Oil Export Plunge Widens Canada Trade Deficit - Bloomberg
Crude Oil Export Plunge Widens Canada Trade Deficit

By Greg Quinn - Jan 7, 2015
Canadas oil shipments plunged in November, triggering the biggest export drop in almost three years
and widening the national trade deficit.
Shipments of crude oil and bitumen dropped 9.9 percent to C$6.9 billion in November, the biggest
decline since February 2011, Statistics Canada said today from Ottawa. Prices fell 6.7 percent and
volumes by 3.4 percent. It was the sixth straight monthly decline in energy shipments.
The report is a setback for policy makers relying on foreign demand to lead an economic recovery.
Plunging prices for Canadas top export may curb the value of shipments abroad this year, eroding
any benefit manufacturers receive from faster U.S. growth and a lower currency.
Canadas trade deficit expanded to C$644 million ($544 million), the widest in a year, exceeding the
highest forecast of 14 economists in a Bloomberg News survey, which had a median of C$200
million. The statistics agency revised its October reading to a C$327 million deficit from a C$99
million surplus.
The November merchandise trade report was bleak, said Benjamin Reitzes, a senior economist at
BMO Capital Markets in Toronto. The trade deficit is likely to worsen materially due to the steep drop
in energy prices.
Canadas total exports fell 3.5 percent to C$43.3 billion, the biggest drop since January 2012. Sales fell
in nine of 11 categories, including an 8.3 percent decline to C$4.95 billion for metal and non-metallic
minerals.
Surging Supply
West Texas Intermediate oil dropped below $48 a barrel yesterday for the first time since April 2009
as surging supply signaled that the global glut that drove crude into a bear market will persist.
Bellatrix Exploration Ltd. said Dec. 22 it would cut its 2015 capital budget to C$300 million from
C$400 million, citing lower energy prices. The Calgary-based company develops oil and natural gas
projects in western Canada.
Imports fell 2.7 percent to C$43.9 billion, the first decline since June, Statistics Canada said.
http://www.bloomberg.com/news/print/2015-01-07/canada-exports-drop-most-in-3-years-as-trade-gap-widens.html
1/2
1/7/2015
Crude Oil Export Plunge Widens Canada Trade Deficit - Bloomberg
The volume of exports declined 1.6 percent, and import volumes fell 1.7 percent, Statistics Canada
said. Volume figures adjust for price changes and can be a better indicator of how trade contributes to
economic growth.
The surplus with the U.S. narrowed to C$2.9 billion in November from C$3.2 billion a month earlier.
Exports make up about one-third of Canadas economy, with about 75 percent of the shipments going
to the U.S.
Red-Ink Month
The deficit with countries other than the U.S. widened to C$3.6 billion from C$3.5 billion.
This is a red ink month, it seems almost completely across the board as Canadian merchandise
exports took a breather, Peter Hall, said chief economist at Export Development Canada in Ottawa, a
government financing agency. Pushing the panic button is not on at this moment, because leading
up to this we have had a strong run.
Exports remained 8.4 percent higher in November than they were 12 months earlier, and energy
products were 1.1 percent greater, Statistics Canada said.
Canadas dollar was little changed at C$1.1827 per U.S. dollar at 10:23 a.m. Toronto time after
touching the lowest in almost six years today. The weaker currency makes Canadian goods cheaper
for international customers.
To contact the reporter on this story: Greg Quinn in Ottawa at gquinn1@bloomberg.net
To contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net; Chris
Fournier at cfournier3@bloomberg.net Chris Wellisz, Chris Fournier
http://www.bloomberg.com/news/print/2015-01-07/canada-exports-drop-most-in-3-years-as-trade-gap-widens.html
2/2
1/8/2015
Naira Drops as Central Bank Rules Choke Trading - Bloomberg
Naira Drops as Central Bank Rules Choke Trading

By Paul Wallace - Jan 7, 2015
(Corrects to remove reference to number of naira trades in second paragraph in story published Jan.
6.)
The naira weakened a second day and Nigerian stocks headed for biggest drop since 2010 as central
bank measures to protect the currency of Africas largest crude producer from falling oil prices stifled
trading.
The naira weakened 0.8 percent to 185 per dollar, extending losses over the past three months to 11
percent, the most of 24 African currencies tracked by Bloomberg.
The Abuja-based regulator last month told banks to clear foreign exchange positions daily, having
previously allowed them net-open positions of 1 percent of shareholder funds. The move has made it
difficult for non-Nigerian investors to exit their holdings, according to Samir Gadio, head of African
strategy at Standard Chartered Plc.
For those who remain in Nigeria, its become virtually impossible to get out, he said by phone from
London. Theres a risk that these measures last as long as the central bank feels it doesnt have the
ability to control the exchange rate.
Calls to the mobile phones of Ibrahim Muazu, a spokesman for the central bank, werent picked up
and he didnt immediately respond to e-mailed questions. The steps are short-term measures to
stabilize the market, he said last month.
Naira Devaluation
Nigeria, which relies on oil for 70 percent of its budget and over 90 percent of exports, has been
battered by Brent crude prices more than halving since June to under $52 a barrel. The central bank
raised interest rates to a record 13 percent and devalued its target exchange rate for the naira to 5
percent either side of 168 per dollar in November. Finance Minister Ngozi Okonjo-Iweala proposed
cutting this years budget by 8 percent.
The Nigerian Stock Exchange All Share Index (NGSEINDX) plunged 4.2 percent, the most on a
closing basis since March 2010, to 32,533.21. Volumes amounted to 66 percent of the three-month
http://www.bloomberg.com/news/print/2015-01-06/nigeria-s-naira-drops-as-central-bank-controls-choke-trading.html
1/2
1/8/2015
Naira Drops as Central Bank Rules Choke Trading - Bloomberg
daily average. Nigerian Breweries Plc fell 9.6 percent for the biggest one-day fall since December
2004. United Bank for Africa Plc, the countrys third biggest bank by assets, slipped 7.4 percent to the
lowest level since Dec. 22.
To contact the reporter on this story: Paul Wallace in London at pwallace25@bloomberg.net
To contact the editors responsible for this story: Vernon Wessels at vwessels@bloomberg.net Chris Kay
http://www.bloomberg.com/news/print/2015-01-06/nigeria-s-naira-drops-as-central-bank-controls-choke-trading.html
2/2
1/8/2015
Sensex closes 79 points down, metal stocks fall - The Hindu
Business Markets
Sensex closes 79 points down, metal stocks fall

IANS
A day after plummeting to its biggest loss since September 3, 2013, a benchmark index of Indian equities markets
closed Wednesdays trade down 79 points or 0.29 per cent.
The barometer index fell by 855 points on Tuesday, as global markets plummeted on fears of continued downfall in
crude oil prices and speculations over Greeces exit from the eurozone.
In Wednesdays trade, heavy selling pressure was seen in metal, banking, information technology (IT), healthcare,
technology, entertainment and media (TecK) sectors, while healthy buying was observed in oil and gas, consumer
durables and capital goods stocks.
The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 26,983.43 points,
closed at 26,908.82 points (provisional), down 78.64 points or 0.29 per cent from the previous days close at
26,987.46 points.
The Sensex touched a high of 27,051.60 points and a low of 26,776.12 points in the intra-day trade.
The S&P metal index dropped by 149.85 points, bankex plunged by 136.99 points, IT index was lower by 50.65 points,
healthcare index dropped by 26.88 points and TecK index slipped by 20.69 points.
However, oil and gas index gained by 132.11 points, followed by consumer durables index which was up 25.25 points
and capital goods index which closed the days trade up 20.69 points.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) closed the trade down 25.25 points or 0.31 percent at
8,102.10 points.
Keywords: Sensex, Nifty, BSE, NSE, stock exchanges
Printable version | Jan 9, 2015 7:02:39 AM | http://www.thehindu.com/business/markets/sensex-closes-79-pointsdown-metal-stocks-fall/article6764129.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-closes-79-points-down-metal-stocks-fall/article6764129.ece?css=print
1/1
1/9/2015
US stock indexes slip in early trading as investors weigh job gains; Retailers lose ground | Fox Business
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US stock indexes slip in early trading as

investors weigh job gains; Retailers lose
ground
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Pub lished January 09, 2015 / Associated Press

NEW YORK
Print
traders weigh a strong U.S. jobs report.
Em ail
Share
Share
Tw eet
U.S. stock market indexes slipped in early trading as
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Retailers were mostly lower after Macy's said it would close several
stores and restructure its marketing operations. Bed Bath & Beyond
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slumped 5 percent after its sales missed estimates.

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The Dow Jones industrial average fell 47 points, or 0.3 percent, to
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The Standard & Poor's 500 index fell four points, or 0.2 percent, to
2,057. The Nasdaq composite lost four points, or 0.1 percent, to
4,731.

The Fed's 2%
Problem
Bond prices held steady. The yield on the 10-year Treasury note was
flat at 2.01 percent.
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Oil prices settle

below $48, a 5-and-
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Brent Crude Oil
$50.11
-0.85
-1.70%
2015.01.09 end-of-day
WTI Crude Oil
$48.36
-0.43
-0.89%
2015.01.09 end-of-day
Commodities
Crud e Oil
48.36
-0.89%
Na tura l G a s
2.95
+0.64%
G a soline
1.32
-1.34%
He a ting Oil
1.70
-0.47%
G old
1216.00
+0.62%
Silve r
16.39
+0.21%
Cop p e r
2.79
-0.59%
2015.01.09 end-of-day
Add to your site
Price
Change
2015.01.09 - $ 48.36
-0.43 -0.89%
1 Year Forecast
$55 / Barrel
1/2
1/12/2015
Brent Crude Oil
$47.43
-2.68
-5.65%
2015.01.12 end-of-day
WTI Crude Oil
$46.07
-2.29
-4.97%
2015.01.12 end-of-day
Commodities
Crud e Oil
46.07
-4.97%
Na tura l G a s
2.80
-5.40%
G a soline
1.27
-3.82%
He a ting Oil
1.65
-2.96%
G old
1232.70
+1.35%
Silve r
16.54
+0.90%
Cop p e r
2.76
-1.00%
2015.01.12 end-of-day
Add to your site
Price
Change
2015.01.12 - $ 46.07
-2.29 -4.97%
1 Year Forecast
$52 / Barrel
1/2
1/12/2015
Energy Leads Wall Street to Second Straight Down Day | Fox Business
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Pub lished January 12, 2015 / Reuters

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U.S. stocks fell for a second straight session on Monday, led by
Print
another sharp decline in energy shares as oil prices tumbled about 5
Em ail
percent and concern grew ahead of corporate earnings season.
Share
Tw eet
up on the full-size
15
Oil prices extended their recent free-fall after Goldman Sachs slashed
truck market,
its short-term price forecasts and Gulf producers showed no signs of
diesel-powered
curbing output.
Share
Nissan, not giving
S&P 500. Brent fell 5.3 percent to settle at $47.43 and U.S. crude
European shares boosted

by health care M&A action
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The S&P energy index dropped 2.8 percent, the biggest drag on the
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dropped 4.7 percent to $46.07.

"Crude oil is heading down again here. That's sent us into negative
Infiniti coupe, Buick
territory again. There's a lot of confusion and concern about the
hot cars at the
impact of oil prices," said Tim Ghriskey, chief investment officer of
convertible among
Detroit auto show
Solaris Group in Bedford Hills, New York.

Who will foot the bill
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Asian markets mostly

lower, Hang Seng gains
http://www.foxbusiness.com/markets/2015/01/12/us-equity-futures-jump-as-oil-continues-fall/?intcmp=bigtopmarketfeaturesside
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Profit forecasts for S&P 500 energy companies have dropped sharply FROM OUR SPONSORS
in recent months, with fourth-quarter earnings for the sector now
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expected to have declined 21.1 percent from a year ago, Thomson

Reuters data showed. Earnings for all of the S&P 500 are expected to
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have increased just 3.8 percent over the year-ago period.

"What everybody is concerned about is what managements are going
to say about crude oil and about global economies," Ghriskey said.


Deal
Health Care
The S&P 500 is down 3 percent since its Dec. 29 record high,
pressured by concerns about plunging oil prices, global economic
weakness and Greece's potential exit from the euro zone.
After the bell, shares of Alcoa rose 1.7 percent to $16.44 following the
release of its results.
Financials including JPMorgan Chase, Wells Fargo , Goldman Sachs
and Citigroup are among companies also due to report this week,
along with Dow component Intel Corp.
Tiffany & Co shares slumped 14 percent to $89.01 after the upscale
jeweler cut its full-year profit forecast, citing a disappointing holiday
shopping season.
NPS Pharmaceuticals shares jumped 8.2 percent to $45.35 and were
among the most active on Nasdaq after Shire Plc agreed to acquire
the company for $5.2 billion. U.S.-listed shares of Shire slipped 3.9
percent to $209.10.
About 6.4 billion shares changed hands on U.S. exchanges, below the
7.3 billion average for the last five sessions, according to BATS
Global Markets.
NYSE declining issues outnumbered advancers 1,917 to 1,154, for a
1.66-to-1 ratio; on the Nasdaq, 1,701 issues fell and 1,055 advanced,
for a 1.61-to-1 ratio favoring decliners.
The S&P 500 posted 29 new 52-week highs and 23 new lows; the
Nasdaq Composite recorded 75 new highs and 89 new lows.
(By Caroline Valetkevitch; Editing by Bernadette Baum, Nick
Zieminski and Meredith Mazzilli)
2/4
1/12/2015
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Wall Street Falls for Third Day | Fox Business
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by a drop in materials and energy shares following further weakness
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in commodity prices.
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Share
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The S&P 500 slipped under its 50-day moving average of 2,046
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around midday, triggering weakness, while volume also picked up. All
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for the day to its low, its widest range since Oct. 15.
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Shares of homebuilders <.HGX> fell 1.5 percent after KB Home
brother that can get
<KBH.N> forecast a drop in gross margins for the first quarter.
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Homebuilder stocks had been up earlier in the session, but KB Home

dropped 16.3 percent to $13.87, its biggest percentage fall since
Saudi Prince: $100-
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Again
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Shares of Freeport McMoran Copper & Gold <FCX.N> slid 7.5

percent to $21.04, and were the S&P 500's biggest percentage
5 Hot Cars at the
decliner. The S&P materials index <.SPLRCMA> fell 1.2 percent and
Detroit Auto Show
was the S&P 500's worst-performing sector.

Copper prices dropped further below $6,000 per tonne to their
weakest level in more than five years, while oil prices tumbled to near
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http://www.foxbusiness.com/markets/2015/01/13/us-equity-futures-jump-as-oil-continues-drop/?intcmp=bigtopmarketfeaturesside
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"We're seeing commodity prices continue to go down, not only in oil
Recommended by
but across the board. So it's this fear of lower commodity prices
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leading to global deflation which is leading this nervousness," said

Peter Cardillo, chief market economist at Rockwell Global Capital in
New York.
The S&P energy index <.SPNY> was down 0.7 percent, with shares
of Exxon Mobil <XOM.N> down 0.4 percent at $90.

Deal
Health Care

The losses extended the recent decline to a third day. The S&P 500 is
now down 3.2 percent since its Dec. 29 record high, marked by
concerns about plunging oil prices, global economic weakness and
Greece's potential exit from the euro zone.
A reduction in the amount to hedging in the market as shown by
options on the CBOE Volatiity index <.VIX> suggests some investors
may be more exposed to big fluctuations in the stock market, said
Joe Bell, senior equity analyst at Schaeffer's Investment Research in
Cincinnati. The VIX ended the day up 4.9 percent at 20.56.
Results have begun rolling in for U.S. quarterly earnings, though
estimates have fallen sharply in recent months as oil prices sold off.
Goodyear Tire & Rubber <GT.O> stumbled 7.1 percent to $26.05
after the company estimated full-year operating income growth
"slightly below" its forecast of 10 to 15 percent.
About 7.8 billion shares changed hands on U.S. exchanges, above
the 7.2 billion average for the last five sessions, according to BATS
Global Markets.
NYSE decliners outnumbered advancers 1,627 to 1,460, for a 1.11to-1 ratio; on the Nasdaq, 1,393 issues fell and 1,326 advanced, for a
1.05-to-1 ratio favoring decliners.
(By Caroline Valetkevitch; Editing by Nick Zieminski)
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Sensex sheds 159 points; oil rout spooks global markets | Business Line
Sensex sheds 159 points; oil rout spooks global markets

Our Bureau/Agencies
Mumbai, Jan 13:

Indian equity shares edged lower, snapping a three-day winning streak, dragged down by energy stocks such as Oil
and Natural Gas Corp tracking fall in crude prices, while profit-taking hit some of the recent outperformers.
However, the losses were limited as interest rate-sensitive stocks gained after a better-than-expected December retail
inflation data raised hopes that the central bank would cut rates in February.
The 30-share BSE index Sensex shed 159.54 points at 27,425.73 and the 50-share NSE index Nifty fell 23.6 points at
8,299.40.
Mid and small-cap cement stocks are up- Prism cement up 10%, Heidelberg Cement up 8%, JK Lakshmi
Cement up 3%
Rajalakshmi Nirmal (@crajalakshmic) January 13, 2015
Barring FMCG and healthcare, all other BSE sectoral indices ended in the red. Among them, realty index fell the most
by 1.85 per cent, followed by consumer durables 1.2 per cent, oil & gas 1.06 per cent and power 0.9 per cent, while
FMCG index was up 0.72 per cent and healthcare 0.14 per cent.
After yesterday's shivers about divestment, Coal India opens flat/slightly up today. Company's new head
keen on modernization
Meera Siva (@siva_meera) January 13, 2015
Gainers, losers
Major Sensex gainers were Maruti 1.25%, Wipro 1.18%, Coal India 0.77%, ITC 0.64% and Dr Reddy's 0.64%, while
the top five losers were ONGC 2.37%, ICICI Bank 1.57%, Hero MotoCorp 1.45%, Tata Power 1.37% and Tata Steel
1.37%.
'No definite proposal' for mega merger (Hindustan Zinc, Cairn, Sesa) notes company's response to the
exchange; HZ stock flat-up slightly
Global market:
European stocks fell in early trading on Tuesday, with the relentless drop in oil prices fuelling worries over the
prospect for corporate profits in the energy sector.
At 0803 GMT, the FTSEurofirst 300 index of top European shares was down 0.5 per cent at 1,351.67 points.
Oberoi Realty announced the launch of 2 developments, Eternia and Enigma, at Mulund Stock up 1.7%
today #realty
Asian stocks were mostly on the defensive on Tuesday as the continuing slide in crude oil prices turned investors
cautious towards risk assets, with the dollar touching a one-month low against the safe-haven yen in choppy trading.
South Korea's KOSPI dipped 0.1 per cent and Australian shares fell 0.3 per cent. Tokyo's Nikkei led losses in the
region, declining 1.4 per cent.
MSCI's broadest index of Asia-Pacific shares outside Japan see-sawed in and out of the red and was last up 0.1 per
cent.
The volatile Shanghai Composite Index was up 0.1 per cent, trimming the bulk of its earlier gains.
Overnight, US stocks ended lower led by another sharp decline in energy shares as oil prices tumbled about 5 per cent
and concern grew ahead of corporate earnings season.
http://www.thehindubusinessline.com/markets/sensex-live-update/article6783827.ece?css=print
1/2
1/14/2015
Sensex sheds 159 points; oil rout spooks global markets | Business Line
(This article was published on January 13, 2015)

Printable version | Jan 15, 2015 1:12:58 AM | http://www.thehindubusinessline.com/markets/sensex-live-update/article6783827.ece The Hindu Business
Line
http://www.thehindubusinessline.com/markets/sensex-live-update/article6783827.ece?css=print
2/2
1/14/2015
Sensex, Nifty fall for second day on weak global cues - The Hindu
Business Markets
Sensex, Nifty fall for second day on weak global cues

PTI
The stock markets on Wednesday fell for the second straight session with benchmark Sensex dropping nearly 79
points to end at 27,346.82 as ITC shares tanked on worries related to proposed ban on sale of loose cigarettes while
metal stocks tracked weak global cues.
Selling was seen in metal, FMCG, healthcare, realty, banking, oil & gas, consumer durables, PSU and power sector
stocks.
WPI inflation rose marginally to 0.1 per cent in December but the data was discounted by the participants, traders
said.
After yesterdays over 159-point fall, the 30-share BSE Sensex opened in positive terrain but slipped into the negative
zone to touch the days low of 27,203.25. It settled down by 78.91 points, or 0.29 per cent, at 27,346.82.
Shares of ITC, having 10.75 per cent weight on the Sensex, tumbled down by 3.29 per cent after government proposed
to amend the anti-smoking law and proposed radical changes, including ban on sale of loose cigarettes.
Sentiments were dampened largely in tandem with a weak trend at other Asian stocks after base metal prices
slumped as slowing global growth dims the outlook for commodities. This triggered selling in metal space stocks on
domestic bourses, said equity brokers.
Sesa Sterlite, Hindalco, Tata Steel, Hindustan Zinc, JSW Steel, SAIL, Jindal Steel and Power, National Aluminium
and NMDC fell up to 8 per cent per cent. Overall, 19 Sensex constituents declined while 11 rose.
The 50-issue NSE Nifty ended 21.85 points, or 0.26 per cent, down at 8,277.55 after shuttling between 8,326.45 and
8,236.65.
http://www.thehindu.com/business/markets/sensex-nifty-fall-for-second-day-on-weak-global-cues/article6789070.ece?css=print
1/2
1/14/2015
Sensex, Nifty fall for second day on weak global cues - The Hindu
Keywords: Nifty, Sensex, BSE, NSE, Jaunary 14 2015

Printable version | Jan 15, 2015 1:12:19 AM | http://www.thehindu.com/business/markets/sensex-nifty-fall-forsecond-day-on-weak-global-cues/article6789070.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-nifty-fall-for-second-day-on-weak-global-cues/article6789070.ece?css=print
2/2
1/14/2015
Wall Street Pares Losses at the Closing Bell | Fox Business
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By Dunstan Prial / Pub lished January 14, 2015 / FOXBusiness
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Another volatile day on Wall Street ended Wednesday with the major
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All three major indexes closed lower. The Dow Jones Industrial
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The closing figures were a significant rebound from earlier lows, when
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What a Market
A disappointing December retail sales report was perhaps the
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biggest shock to the market, coming in well below expectations and

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sending futures sharply lower ahead of the opening bell.

The Commerce Department reported retail sales saw a 0.9% decline
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Investors also got a mixed read on U.S. import and export prices for
Recommended by
December.
Morning Biz Outlook
The Labor Department reported import prices dropped 2.5% in

December, the biggest decline since December 2008, while Wall
Street expected a steeper drop of 2.9% for the month. Meanwhile,
export prices fell 1.2% in December, the biggest decline since June
2012, steeper than the 1% fall economists forecast.
Less-than-stellar bank earnings Wednesday from J.P. Morgan Chase
(JPM) and Wells Fargo (WFC), two of the largest U.S. banks, didnt
help matters.

Deal
Health Care
J.P. Morgan said its fourth-quarter profit and revenue fell as the firm
faced a one-time $990 million legal costs. Results missed Wall Street
expectations, sending shares down 3.7%. Wells Fargo & Co. said
fourth-quarter net income rose 1.8% on the back of stronger loan
growth. Quarterly revenue beat expectations, yet shares fell 0.67%.
Turning away from riskier stocks, investors sought refuge in safer
assets such as U.S. government bonds. The yield on the 10-year
Treasury note dropped to 1.792% from 1.890% on Tuesday. On
Wednesday, the yield on the 30-year bond hit as low as 2.375%,
breaking the 2.439% set in July 2012, which had been the lowest
intraday yield for the maturity on record.
Solid recent labor reports, with the economy adding well more than
200,000 new jobs each month as the headline unemployment rate has
fallen to its lowest level in six years, combined with rapidly falling
energy prices had led economists to predict that consumer spending
would pick up significantly in the last quarter of 2014.
The results were disappointing, and were weak even after accounting
for the huge plunge in gasoline prices, Stuart Hoffman and Gus
Faucher, economists at PNC Financial Services said. The new data
indicate that the holiday season was an OK one, but not great, the
economists said.
All of which raises new concerns about the strength of the momentum
of the ongoing U.S. recovery. The disappointing retail sales report
came a day after the World Bank cut its outlook for global growth in
2015.
Stock markets have been increasingly volatile in recent days as
investors respond to mixed data and try to determine where the global
economy is headed.
Stocks ended lower on Tuesday after swinging wildly during the
session. The Dow fell 0.2% to 17613.68 and the S&P declined 0.3%
to 2023.03.
2/4
1/14/2015
In commodity markets, crude-oil futures fell 1.3% to $45.29 a barrel.

Gold futures added 0.5% to $1239.90 an ounce. Copper prices hit a
5 1/2 -year low on Wednesday.
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Stop this stock market ride! I want to get off! - Jan. 14, 2015
U.S.
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Stop this stock market ride! I want to get off!

By Paul R. La Monica @lamonicabuzz January 14, 2015: 4:35 PM ET
Recom m end
96
How CNNMoney's Fear & Greed Index works
143
59
75
TOTAL SHARES
NEW YORK (CNNMoney)
If Pepto-Bismol and Emetrol sales aren't surging at drug stores in lower Manhattan these days, they should be. The stock
market is off to a nausea-inducing start to 2015.
Stocks plunged Wednesday. The Dow was down nearly 350 points in midday trading before bouncing back a bit. But it still
finished the day with a 187-point loss.
The reason for the sell-off? Investors were worried about a surprise drop in retail sales in December, weak results from
megabank JPMorgan Chase (JPM) and a more bearish outlook about the global economy from the World Bank.
Related: 3 red flags causing the market to panic
Despite the big declines Wednesday, the Dow and S&P 500 are still not that far below their all-time highs. They are each just
4% off the records they hit in late December. That's still a long ways from a 10% correction.
Volatility has returned with a vengeance this January. The Dow has been moving up or down by at least 100 points nearly
every day this year.
CNNMoney's Fear & Greed Index is showing signs of Extreme Fear again. And a volatility gauge known as the VIX (VIX),
which is one of the components in our index, is up nearly 20% so far this year.
Oil prices actually stabilized on Wednesday. But the large drop in crude that started last fall and has continued into 2015 has
definitely been one reason why traders have been rattled.
http://money.cnn.com/2015/01/14/investing/stocks-market-volatility/index.html
1/12
1/14/2015
"It feels like we've gotten shot out of a

cannon this year," said Bill Stone, chief
investment strategist with PNC Asset
Management Group. "People are worried
about oil and looking for answers."
Still, cheap oil may not be a bad thing. Stone
noted that one of the reasons December
retail sales fell was because of how low gas
prices plunged last month.
Can stocks thrive when oil's cheap? Yes.

But the weakness in oil is raising concerns about the health of the global economy. The World Bank's new gross domestic
product, or GDP, forecasts on Wednesday didn't help assuage any of those fears.
"The biggest issue is global growth and a worry about if or when it might hurt the U.S. economy," said David Joy, chief market
strategist with Ameriprise Financial.
With that in mind, investors have been rushing to scoop up so-called safe haven assets like bonds and gold.
The yield on the U.S.10-Year Treasury fell below 1.8% Wednesday morning -- its lowest level since May 2013.
Related: Worried about stocks? Bonds look worse
Rates fall when investors are scooping up bonds. And Treasury bonds seem to be attractive now because the U.S. economy
looks to be in much better shape than Europe and Japan.
Gold, which is often considered a hedge against inflation, deflation, geopolitical turmoil and all sorts of nasty things that can
make investors scared, has been one of the hottest investments of this new year.
The SPDR Gold Shares (GLD) exchange-traded fund, which closely tracks the metal, is up 5%. And gold miners have done even
better. The Market Vectors Gold Miners (GDX) ETF has soared 11%.
When will the madness end? The volatility is unlikely to end anytime soon. More companies will be releasing their latest
earnings in the coming weeks.
If the 2015 outlooks from blue chips like Apple (AAPL, Tech30), Coca-Cola (KO), General Electric (GE) and Caterpillar (CAT)
are not as strong as investors are hoping for, that could lead to more market turmoil.
2/12
1/14/2015
But the biggest driver of the market for the rest of the month may be Europe.
The European Central Bank holds an important policy meeting next week. It is expected to unveil some sort of bond buying
program, a round of quantitative easing similar to the one that the Federal Reserve ended last year. But if the ECB's QE is not
as big and bold as the market wants, that could be a problem.
Related: One more step closer to European QE
And just days after the ECB meeting, elections in Greece will be held. Their outcome may determine whether Greece stays in
the eurozone or not. The euro currency has already plunged to multi-year lows. If Greece drops the euro, that has the potential
to roil the global currency and stock markets even further.
In other words, buckle up. It's going to be a bumpy ride. There's a lot to worry about.
"I feel like a juggler on the old Ed Sullivan Show. It's hard to figure out what to catch without dropping something else," Joy
said.
First Published: January 14, 2015: 12:07 PM ET
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The major U.S. stock benchmarks fell for the fifth consecutive day as
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precious metal climbed $30.3 to settle at $1,264.8 per ounce.

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The NASDAQ Composite was down 1.48% to close at 4,664.71

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"From where we're sitting, we're sensing continuation (from last year),
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percent, to 2,051.82 and the Nasdaq Composite <.IXIC> added 7.48

points, or 0.16 percent, to 4,757.88.
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percent have topped earnings expectations, while 54.4 percent have
beaten revenue forecasts, according to Thomson Reuters data. That
compares with the long-term average of 63 percent for earnings and
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Starbucks <SBUX.O> rose 6.6 percent to $88.22 a day after the
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expected in its Americas region.
GoPro <GPRO.O> shares jumped 8.5 percent to $52.48 after a
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to 1,368, for a 1.23-to-1 ratio on the downside; on the Nasdaq, 1,514
issues fell and 1,207 advanced for a 1.25-to-1 ratio favoring
decliners.
The benchmark S&P 500 index was posting 73 new 52-week highs
and 6 new lows; the Nasdaq Composite was recording 91 new highs
and 56 new lows.
About 6.4 billion shares changed hands on U.S. exchanges,
compared to the daily average so far this month of 7.3 billion
according to BATS Global Markets data.
(Reporting by Lucas Iberico Lozada; Editing by Meredith Mazzilli)
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maker of heavy machinery to lower its sales and revenues outlooks for
the year.
Two big points in all this: 1) Earnings are starting to matter; and 2)
The stronger dollar is starting to matter for earnings and everything
else, Michael Block, chief strategist at Rhino Trading Partners said in
a note to clients Tuesday morning. What we and the policy makers
do about that second point is a big theme for 2015 and beyond.
Block discussed that topic with Maria Bartiromo on Opening Bell
and said there are two sides to the stronger dollar coin: More money
in consumer pockets, but a disadvantage for companies trying to
compete with other conglomerates overseas.
Data Dump
In addition to weak earnings, investors parsed a deluge of data on the
health of the U.S. economy.
Perhaps the worst of the data was durable goods orders, which
dropped 3.4% in December, a reading that came in far below the
FactSet estimate calling for a 0.5% increase. Excluding the volatile
transportation component, long-lasting goods orders dipped 0.8%
compared to a FactSet estimate for a 0.6% tick higher.
Traders also got a snapshot of the U.S. housing market: The closely
watched S&P Case-Shiller home prices index showed a nonseasonally adjusted 0.2% fall in prices for 20 major metro areas,
which was in-line with expectations. The gauge was up 4.3% from the
same period the year prior, which matched expectations, but was the
2/5
1/27/2015
slowest pace since October 2012. New home sales data from the
Commerce Department, meanwhile came in better than expected as
sales rose to an annualized rate of 481,000 units in December from
431,000 units the month prior. The reading beat expectations for a
shallower increase to 450,000 units.
Finally, a reading on consumer confidence showed shoppers were
more optimistic as the holiday shopping season came to a close. The
Conference Board reported its gauge jumped to 102.9 in January
from 93.1 in December, which topped expectations for an increase to
96.
Chris Chistopher, director of consumer economics at HIS Global
Insight noted to clients Tuesday consumer confidence is nearly 30%
higher in January this year compared to last, which helped boost
spending on autos, large-ticket durable goods, and clothing.
This is a good report, he said. It indicates that consumer confidence
is starting the New Year at a relatively elevated level. We expect
consumer confidence to gain further traction in 2015 as job prospects
and disposable income growth increase.
Commodities Bounce
U.S. crude futures traded more than 2% higher, a move that barely
dents the 60% loss oil has taken over the past 12 months. Gold,
meanwhile, rose 0.93% to xx per troy ounce.
Elsewhere, the euro jumped 0.87% against the U.S. dollar to $1.1336.
The yield on the benchmark 10-year U.S. Treasury note fell 0.05
percentage point to 1.78% as traders bid up the safe-haven asset.
Follow Victoria Craig on Twitter @VictoriaCraig.
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"It was more hawkish than people thought. But you are counting grains
of sand coming through the hourglass so I don't think you will see it
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resonate much longer than what we've seen in the last hour or so,"
Massocca said.
"I don't think anyone is going to overreact here, but it was a surprising
to me. I thought they would turn the dial 2 degrees and they turned it 6
degrees," he said.
Bond prices rose after the statement, which may also have put some
pressure on stocks.

Deal
Health Care
The S&P energy sector finished down 3.9 percent as U.S. crude
futures tumbled more than 4 percent to $44.31 per barrel. Barclays
and Goldman Sachs posted bearish notes on oil earlier in the day.
"Today's statement makes it apparent that they are less convinced
that the core can stay insulated from the drop in oil prices," said Brian
Jacobsen, chief portfolio strategist at Wells Fargo Funds
Management in Menomonee Falls, Wisconsin. "Now, September is
when I think the Fed will lift rates off zero."
The market had been boosted earlier by earnings from companies
including Apple and Boeing.
A 5.7 percent advance in Apple shares limited losses on the Nasdaq.
Apple smashed Wall Street expectations with record sales of bigscreen iPhones in the holiday shopping season, which helped the
company post the largest quarterly profit in corporate history.
Boeing added 5.4 percent after handily beating top- and bottom-line
expectations.
NYSE decliners outnumbered advancers 2,284 to 825, for a 2.77-to-1
ratio; on the Nasdaq, 2,077 issues fell and 665 advanced for a 3.12to-1 ratio.
The S&P 500 posted 58 new 52-week highs and 14 lows; the Nasdaq
Composite recorded 72 new highs and 71 lows.
Volume was heavier, with about 7.6 billion shares traded on U.S.
exchanges, above the 7.16 billion average for the month so far,
according to BATS Global Markets.
2/4
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(By Sinead Carew; Additional reporting by Ryan Vlastelica, Rodrigo

Campos, Chuck Mikolajczak, and Richard Leong; Editing by Chizu
Nomiyama, Nick Zieminski)
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Brent Crude Oil
$54.16
-3.75
-6.92%
2015.02.04 end-of-day
WTI Crude Oil
$48.45
-4.60
-9.49%
2015.02.04 end-of-day
Commodities
Crud e Oil
48.45
-9.49%
Na tura l G a s
2.66
-3.46%
G a soline
1.48
-8.07%
He a ting Oil
1.77
-4.52%
G old
1263.80
+0.32%
Silve r
17.38
+0.43%
Cop p e r
2.61
+0.46%
2015.02.04 end-of-day
Add to your site
Price
Change
2015.02.04 - $ 48.45
-4.60 -9.49%
1 Year Forecast
$55 / Barrel
1/2
2/9/2015
Wall Street Ends Lower on Greek Debt Worries | Fox Business

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Sensex tanks 490 points to close at 3-week low; Nifty below 8550 - The Hindu
Business Markets
Sensex tanks 490 points to close at 3-week low; Nifty below 8550
PTI
The Sensex touched a high of 28,566.50 points and a low of 28,183.32 points in the intra-day trade. File photo
PTI
Extending losses for the seventh day in a row, the benchmark BSE Sensex on Monday tanked 490 points to close at
about three-week low of 28,227.39 after exit polls predicted BJPs defeat in Delhi elections and weaker-thanexpected
results by corporates like L&T.
Besides, the rupee weakened against the dollar to over three-week low of 62.20 (intra-day) on sustained capital
outflows which dampened market sentiments.
Stocks of capital goods, metal, auto, banking, consumer durables, FMCG and refinery declined sharply on heavy
selling pressure.
Disappointing corporate earnings and caution ahead of GDP data for December quarter also cast a shadow on
trading sentiments, brokers said.
Markets reacted negatively to exit polls on Delhi election, which indicates the Aam Aadmi Party would form the
government in Delhi and that would be the first state election defeat of party ruling in Centre, post Lok Sabha
election, said Jayant Manglik, President-retail distribution, Religare Securities Ltd.
http://www.thehindu.com/business/markets/sensex-closes-491-points-down-capital-goods-stocks-plunge/article6874649.ece?css=print
1/2
2/9/2015
Sensex tanks 490 points to close at 3-week low; Nifty below 8550 - The Hindu
Announcement of weaker than expected corporate earnings from infra major L&T worsened the sentiments in the
end, he added.
Larsen & Toubro fell the most by 6.61 per cent among 30 Sensex scrips after it reported 8.7 per cent rise in
consolidated net profit at Rs. 866.54 crore for the third quarter of 2014-15.
Exit polls are indicating majority of AAP in Delhi. Weak quarterly results in some stocks, mixed global cues, profit
booking and speculations ahead of election results have made investors cautious, said Rakesh Goyal, Senior Vice
President, Bonanza Portfolio.
The Sensex resumed lower at 28,566.50 and dropped further to 28,183.32 before finishing at 28,227.39, showing a
loss of 490.52 points or 1.71 per cent. This is its weakest closing since January 16.
The CNX 50-share Nifty also fell by 134.70 points or 1.56 per cent to 8,526.35.
Keywords: Sensex, Indian stock market, BSE, NSE, Nifty
Printable version | Feb 10, 2015 2:58:37 AM | http://www.thehindu.com/business/markets/sensex-closes-491-pointsdown-capital-goods-stocks-plunge/article6874649.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-closes-491-points-down-capital-goods-stocks-plunge/article6874649.ece?css=print
2/2
2/10/2015
Brent Crude Oil
$56.43
-1.91
-3.38%
2015.02.10 end-of-day
WTI Crude Oil
$50.02
-2.84
-5.68%
2015.02.10 end-of-day
Commodities
Crud e Oil
50.02
-5.68%
Na tura l G a s
2.68
+2.99%
G a soline
1.55
-1.67%
He a ting Oil
1.83
-2.19%
G old
1231.60
-0.75%
Silve r
16.86
-1.17%
Cop p e r
2.56
-1.42%
2015.02.10 end-of-day
Add to your site
Price
Change
2015.02.10 - $ 50.02
-2.84 -5.68%
1 Year Forecast
$57 / Barrel
1/2
2/12/2015
Brent Crude Oil
$54.66
-1.77
-3.24%
2015.02.11 end-of-day
WTI Crude Oil
$48.84
-1.18
-2.42%
2015.02.11 end-of-day
Commodities
Crud e Oil
48.84
-2.42%
Na tura l G a s
2.80
+4.29%
G a soline
1.54
-0.59%
He a ting Oil
1.81
-1.03%
G old
1219.00
-1.03%
Silve r
16.75
-0.67%
Cop p e r
2.55
-0.39%
2015.02.11 end-of-day
Add to your site
Price
Change
2015.02.11 - $ 48.84
-1.18 -2.42%
1 Year Forecast
$56 / Barrel
1/2
2/19/2015
Brent Crude Oil
$60.53
-2.00
-3.30%
2015.02.18 end-of-day
WTI Crude Oil
$52.14
-1.39
-2.67%
2015.02.18 end-of-day
Commodities
Crud e Oil
52.14
-2.67%
Na tura l G a s
2.83
+2.54%
G a soline
1.57
-1.05%
He a ting Oil
1.96
-0.92%
G old
1199.70
-0.70%
Silve r
16.25
-0.69%
Cop p e r
2.64
+1.70%
2015.02.18 end-of-day
Add to your site
C rude Oil Price by OIL- PR IC E.NET
Price
Change
2015.02.18 - $ 52.14
-1.39 -2.67%
1 Year Forecast
$59 / Barrel
1/2
2/24/2015
Brent Crude Oil
$58.90
-1.32
-2.24%
2015.02.23 end-of-day
WTI Crude Oil
$49.45
-1.36
-2.75%
2015.02.23 end-of-day
Commodities
Crud e Oil
49.45
-2.75%
Na tura l G a s
2.88
-2.50%
G a soline
1.65
+0.33%
He a ting Oil
2.22
+4.78%
G old
1200.30
-0.34%
Silve r
16.25
-0.10%
Cop p e r
2.64
+1.10%
2015.02.23 end-of-day
Add to your site
Price
Change
2015.02.23 - $ 49.45
-1.36 -2.75%
1 Year Forecast
$56 / Barrel
1/2
2/24/2015
2/2
2/26/2015
Sensex plunges 303 points as Rail Budget fails to cheer markets - The Hindu
Business Markets
Sensex plunges 303 points as Rail Budget fails to cheer markets
PTI
Sensex dipped below the 29,000-level during mid-session trading on Thursday after the Rail Budget failed to impress investors. File photo
AP
The benchmark BSE Sensex plunged by 303 points to dip below the 29,000-level during mid-session trading on
Thursday after the Rail Budget failed to impress investors.
Besides, trimming of positions by cautious participants in view of monthly expiry in the derivatives segment,
influenced the trading sentiment, brokers said.
The 30-share BSE Sensex dipped below the 29,000-mark by falling 303 points, or 1.04 per cent, at 28,704.99 as
selling activity gathered momentum.
Similarly, the National Stock Exchange index Nifty lost 77.35 points, or 0.88 per cent, to 8,689.90.
Shares of companies related to the railway sector came under pressure despite a series of measures proposed in the
Rail Budget such as reviewing the wagon-making scheme to make it attractive for private investors.
Major losers on the Sensex were Texmaco Rail ( 5.78 per cent), Titagarh Wagons ( 5.97 per cent), Kalindee Rail
Nirman ( 5.89 per cent), Kernex Micro ( 0.11 per cent), Stone India ( 8.60 per cent), Simplex Castings ( 3.72
per cent) and BEML ( 0.43 per cent).
Besides, BHEL fell 2.94 per cent, Sun Pharma ( 2.34 per cent), Infosys ( 1.82 per cent), Bajaj Auto ( 1.75 per
cent), TCS ( 1.32 per cent), Wipro ( 1.16 per cent), Coal India ( 1.03 per cent), ITC Ltd ( 0.99 per cent) and
Hindustan Unilever ( 0.93 per cent), dragged down the Sensex.
Keywords: Sensex, Railway Budget
http://www.thehindu.com/business/markets/sensex-up-49-points-auto-stocks-gain/article6936252.ece
1/1
2/27/2015
Brent Crude Oil
$60.05
-1.58
-2.63%
2015.02.26 end-of-day
WTI Crude Oil
$48.17
-2.82
-5.85%
2015.02.26 end-of-day
Commodities
Crud e Oil
48.17
-5.85%
Na tura l G a s
2.70
-6.12%
G a soline
1.71
-0.65%
He a ting Oil
2.14
+1.51%
G old
1209.60
+0.71%
Silve r
16.58
+0.92%
Cop p e r
2.71
+1.86%
2015.02.26 end-of-day
Add to your site
Price
Change
2015.02.26 - $ 48.17
-2.82 -5.85%
1 Year Forecast
$55 / Barrel
1/2
3/2/2015
Brent Crude Oil
$59.54
-3.04
-5.11%
2015.03.02 end-of-day
WTI Crude Oil
$49.59
-0.17
-0.34%
2015.03.02 end-of-day
Commodities
Crud e Oil
49.59
-0.34%
Na tura l G a s
2.70
-1.33%
G a soline
1.90
-4.25%
He a ting Oil
1.89
-4.58%
G old
1207.70
-0.41%
Silve r
16.41
-0.65%
Cop p e r
2.71
-0.18%
2015.03.02 end-of-day
Add to your site
Crude O il Price by O IL-PRICE.NET
Price
Change
2015.03.02 - $ 49.59
-0.17 -0.34%
1 Year Forecast
$57 / Barrel
1/2
3/6/2015
Wall Street in Ends in Red After Jobs Report | Fox Business

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<.DJI> fell 278.87 points, or 1.54 percent, to 17,856.85, the S&P 500
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Brent Crude Oil
$59.73
-0.75
-1.26%
2015.03.06 end-of-day
WTI Crude Oil
$49.61
-1.15
-2.32%
2015.03.06 end-of-day
Commodities
Crud e Oil
49.61
-2.32%
Na tura l G a s
2.84
G a soline
1.88
-0.29%
He a ting Oil
1.87
-0.44%
G old
1164.10
-2.73%
Silve r
15.78
-2.20%
Cop p e r
2.63
-1.64%
2015.03.06 end-of-day
Add to your site
Price
Change
2015.03.06 - $ 49.61
-1.15 -2.32%
1 Year Forecast
$57 / Barrel
1/2
3/9/2015
Sensex closes 628 points down - The Hindu
Business Markets
Sensex closes 628 points down

IANS
A benchmark index of Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex) provisionally closed on
Mondays trade down 628 points or 2.13 per cent.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) also closed the days trade with heavy losses. It was
down 195.45 points or 2.19 per cent at 8,742.30 points (provisionally closed subject to change).
The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 29,316.54 points, closed the days trade at
28,820.68 points (at 3.30 p.m.), down 628.27 points or 2.13 per cent from the previous days close at 29,448.95
points.
The Sensex had touched a high of 29,321.06 points and a low of 28,806.42 points in the intra-day trade.
Keywords: sensex, BSE, NSE, nifty, Indian stock market
Printable version | Mar 9, 2015 7:14:58 PM | http://www.thehindu.com/business/markets/sensex- View comment (1)
closes-628-points-down/article6974824.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-closes-628-points-down/article6974824.ece?css=print
1/1
3/10/2015
Sensex drops 135 points to one-month low; Nifty slips 44 points - The Hindu
Business Markets
Sensex drops 135 points to one-month low; Nifty slips 44 points

PTI
Stock markets fell for the second straight session with the benchmark Sensex on Tuesday sliding 134.91 points to onemonth low of 28,709.87 as investors sold realty, power and oil & gas shares amid lingering worries over an earlierthan-expected hike in U.S. interest rates.
After yesterdays over 604-point crash, the 30-share BSE Sensex opened in positive terrain but soon succumbed to
selling pressure. It touched days low of 28,584.49.
A late round of buying helped reduce some losses and the Sensex settled at 28,709.87, its weakest closing since
February 11, down 134.91 points, or 0.47 per cent. Intra-day, it touched a high of 28,949.11.
The 50-issue NSE Nifty lost 44.70 points, or 0.51 per cent, to settle the session at 8,712.05. Intra-day, it dipped below
the key 8700-mark to touch a low of 8,677.35.
Prominent losers that pulled down the indices include HDFC, Hindustan Unilever, Hindalco, Sun Pharma, Tata Steel,
Tata Power, NTPC, RIL, SBI, Axis Bank, HDFC Bank and Dr Reddy.
Sesa Sterlite, Tata Motors, Maruti Suzuki, L&T, GAIL, Cipla and ONGC also saw moderate losses.
As many as 20 out of 30 Sensex constituent stocks closed in the red, while 10 ended in the green.
Shares of telecom firms such as Airtel, Idea and RCom were in the limelight after analysts said bidding intensity in
the ongoing spectrum auction has subsided.
Select stocks in auto space like M&M, Bajaj Auto and Hero Moto rose after car sales in India grew by 6.85 per cent in
February. Also, industry body SIAM said it expects sales to be in positive with single-digit growth this fiscal.
The mood was cautious amid a persisting downward trend in global markets that negatively impacted domestic
equities.
Foreign Portfolio Investors bought shares worth net Rs. 838.30 crore while Domestic institutional Investors sold
shares worth Rs. 35.31 crore yesterday, provisional data shows.
Sectorally, the BSE Realty index suffered the most by losing 1.83 per cent, followed by Oil & Gas (0.78 per cent), Power
(0.63 per cent), Banking (0.49 per cent), Capital Goods (0.41 per cent) and FMCG (0.39 per cent) among others.
Bucking the trend, Consumer Durables index rose 1.20 per cent, Teck index 0.78 per cent, Metal index 0.58 per cent
and Auto index 0.37 per cent.
Keywords: sensex, BSE, NSE, nifty, Indian stock market
http://www.thehindu.com/business/markets/sensex-drops-135-points-to-onemonth-low-nifty-slips-44-points/article6978308.ece?css=print
1/2
3/10/2015
Sensex drops 135 points to one-month low; Nifty slips 44 points - The Hindu
Printable version | Mar 10, 2015 10:53:26 PM | http://www.thehindu.com/business/markets/sensex-drops-135points-to-onemonth-low-nifty-slips-44-points/article6978308.ece

The Hindu
http://www.thehindu.com/business/markets/sensex-drops-135-points-to-onemonth-low-nifty-slips-44-points/article6978308.ece?css=print
2/2
3/10/2015
Wall Street Falls as Investors See Earlier Rate Hike | Fox Business
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or 1.7 percent, to 2,044.16, its biggest daily percentage decline since

Jan. 5.
The Nasdaq Composite <.IXIC> dropped 82.64 points, or 1.67
The euro <EUR=> was last down 1.4 percent at $1.0696 after hitting
$1.0691, the lowest in almost 12 years.

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On the upside, Urban Outfitters Inc <URBN.O> rose 11.5 percent to
$44.06, the S&P 500's biggest daily percentage gainer, after
reporting earnings late Monday that beat expectations.
About 7 billion shares changed hands on U.S. exchanges, above the
6.5 billion average for the month to date, according to BATS Global
Markets.
to 835, for a 2.70-to-1 ratio; on the Nasdaq, 2,077 issues fell and 664
advanced, for a 3.13-to-1 ratio.
The S&P 500 posted five new 52-week highs and 15 new lows; the
(By Caroline Valetkevitch; Additional reporting by Ryan Vlastelica;
Editing by W Simon and Nick Zieminski)
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Brent Crude Oil
$56.39
-2.14
-3.79%
2015.03.10 end-of-day
WTI Crude Oil
$48.29
-1.71
-3.54%
2015.03.10 end-of-day
Commodities
Crud e Oil
48.29
-3.54%
Na tura l G a s
2.73
+1.98%
G a soline
1.82
-3.10%
He a ting Oil
1.81
-1.45%
G old
1160.10
-0.54%
Silve r
15.61
-0.91%
Cop p e r
2.64
-1.97%
2015.03.10 end-of-day
Add to your site
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2015.03.10 - $ 48.29
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Crud e Oil
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Na tura l G a s
2.73
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1.78
-2.32%
G old
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+0.12%
Silve r
15.49
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Cop p e r
2.67
+1.94%
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Sensex tanks 427 points after inflation-rise hits rate-cut hopessa - The Hindu
Business Markets
Sensex tanks 427 points after inflation-rise hits rate-cut hopessa

PTI
It had regained 29,000-mark earlier in the day over the passing of the Insurance Bill. During the week, it fell 1,216.89 points this
years biggest weekly drop.
The benchmark Sensex on Friday erased early gains and ended sharply down by over 427 points on selling in capital
goods, banking, FMCG and power stocks after rise in retail inflation hit hopes of aggressive rate cuts.
During the week, the Sensex fell 1,216.89 points this years biggest weekly drop.
After rising to the days high of 29,183.76 in morning trade following passage of Insurance Bill in Parliament, the
Sensex slipped into the negative zone. As participants focussed on retail inflation that rose to three month high of 5.37
per cent in February, up from 5.19 percent in January, rate-sensitive shares were hit.
As selling picked up pace, the Sensex touched a low of 28,448.48 before ending at 28,503.30, down 427.11 points, or
1.48 per cent. The gauge had gained over 271 points in yesterdays session on hopes of passage of Insurance Bill.
The uptick in food inflation could continue into March with rain disruptions over last month causing some short
term flare ups....given the limited room to manoeuvre and RBIs challenging task of taking CPI inflation down to 4 per
cent by early 2018, the central bank can ill afford to cut policy rates aggressively from here, said Pranjul Bhandari,
Chief India Economist, HSBC.
Markets had opened on a strong footing with Sensex and Nifty regaining 29,000 and 8,800-mark respectively.
Better-than-expected factory output, which grew 2.6 per cent in January, aided sentiments but inflation played
spoilsport.
The NSE Nifty, which breached the 8,800-level to touch the days high of 8,849.75 at the outset, succumbed to broadbased selling. It then touched a low of 8,631.75 before settling down 128.25 points, or 1.46 per cent, at 8,647.75.
Major losers that dragged down the key indices were BHEL, L&T, Bajaj Auto, Wipro, Axis Bank, Hindalco, ICICI
Bank, Sun Pharma, Tata Steel, SBI, Tata Power and Sesa Sterlite.
Among 30 Sensex components, 27 stocks ended down while Bharti Airtel, ONGC and NTPC gained.
http://www.thehindu.com/business/markets/sensex-tanks-427-pts-after-inflation-rise-hits-rate-cut-hopes/article6990616.ece?css=print
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3/13/2015
Sensex tanks 427 points after inflation-rise hits rate-cut hopessa - The Hindu
Sectorally, the BSE Capital Goods index suffered the most by falling 2.57 per cent, followed by FMCG index (1.94 pc),
Banking index (1.93 pc), Power Index (1.81 pc), Auto index (1.63 pc), Metal index (1.28 pc) among others.
The BSE Small Cap index ended 1.54 per cent lower while mid-cap index shed 1.37 per cent.
Bucking the trend, DLF scrip zoomed over 5 per cent after the SAT today quashed a SEBI order that had barred the
company from capital markets for 3 years.
Provisional data showed Foreign Portfolio Investors bought shares worth net Rs 733.09 crore yesterday.
Keywords: Sensex, Insurance Bill, reversal of sharp early gains
Printable version | Mar 14, 2015 3:24:20 AM | http://www.thehindu.com/business/markets/sensex-tanks-427-ptsafter-inflation-rise-hits-rate-cut-hopes/article6990616.ece
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Stock indexes drop as oil prices fall and worries about higher interest rates persist | Fox Business
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Stock indexes drop as oil prices fall and

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Stocks are falling in midday trading, led by declines in
energy and utility stocks.

AP Sues State
The price of oil took another turn lower Friday and traders are
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continuing to worry about higher interest rates in the U.S.
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The Federal Reserve meets next week to discuss rates, and many
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The Dow Jones industrial average slumped 250 points, or 1.4

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The Standard & Poor's 500 index fell 23 points, or 1.1 percent, to
before you think
2,042. The Nasdaq composite declined 45 points, or 0.9 percent, to
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4,847.
Benchmark U.S. crude oil fell $1.78 to $45.26 a barrel in New York.
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Brent Crude Oil
$54.67
-2.41
-4.41%
2015.03.13 end-of-day
WTI Crude Oil
$44.84
-2.21
-4.93%
2015.03.13 end-of-day
Commodities
Crud e Oil
44.84
-4.93%
Na tura l G a s
2.73
-0.26%
G a soline
1.76
-2.68%
He a ting Oil
1.71
-3.86%
G old
1152.60
+0.04%
Silve r
15.48
-0.10%
Cop p e r
2.68
2015.03.13 end-of-day
Add to your site
Price
Change
2015.03.13 - $ 44.84
-2.21 -4.93%
1 Year Forecast
$51 / Barrel
1/2
3/22/2015
Top9SensexcosloseRs.83,209crinmcapTCStakesbighitTheHindu
BusinessMarkets
Published:March15,201512:10IST|Updated:March15,201512:10IST
Top9SensexcosloseRs.83,209crinmcapTCStakesbighit
PTI
AfilephotooftheBombayStockExchange.Photo:PaulNoronha
TheHindu
ThemcapofTCSplungedRs.22,584.13croretoRs.5,05,557.49crore,themostamongthetop10firms.
Inlinewithanoverallweaktrendinequities,thecombinedmarketvaluationoftopnineSensexcompaniesdropped
sharplybyRs83,209crorelastweek,withITmajorTCStakingthebiggesthit.
BarringCoalIndia,therestofninecompaniessufferederosionintheirmarketcapitalisation(mcap)fortheweek
endedFriday,March13,2015.
ThebenchmarkS&PBSESensexconcludedtheweekat28,503.30,reflectingasharpfallof945.65points,or3.21per
cent.ThisisthebiggestweeklyfallsincemidDecember,whenithadplummetedby1,107.42points,or3.89percent.
ThemcapofTCSplungedRs.22,584.13croretoRs.5,05,557.49crore,themostamongthetop10firms.
RILsvaluationdippedbyRs.11,067.28croretoRs.2,75,081.98croreandHDFCBanklostRs.10,572.37croretoRs.
2,61,265.37crore.
ThemarketcapofHDFCtankedRs.9,587.97croretoRs.2,08,926.07croreandSBIsufferedalossofRs.9,556.14
croretoRs.2,09,675.05crore.
ITCsmarketvaluetumbledRs.5,483.82croretoRs.2,71,469.40croreandthatofSunPharmadiminishedbyRs.
5,219.18croretoRs.2,09,626.80crore.
Similarly,themcapofONGCfellbyRs.5,090.51croretoRs.2,68,514.06croreandInfosysvaluationwentdownby
Rs.4,048.36croretoRs.2,54,553.15crore.
Ontheotherhand,CILaddedRs.473.73croretoRs.2,30,357.81croreinitsmarketcap.
Intherankingoftop10mostvaluedIndianfirmsintermsofmarketvalue,TCSretaineditsnumerounoposition,
followedbyRIL,ITC,ONGC,HDFCBank,Infosys,CIL,SBI,SunPharmaandHDFC.
Printableversion|Mar22,201510:02:53PM|http://www.thehindu.com/business/markets/top9sensexcoslose
rs83209crinmcaptcstakesbighit/article6995805.ece
TheHindu
http://www.thehindu.com/business/markets/top9sensexcoslosers83209crinmcaptcstakesbighit/article6995805.ece?css=print
1/2
3/16/2015
Brent Crude Oil
$53.44
-1.23
-2.30%
2015.03.16 end-of-day
WTI Crude Oil
$43.88
-0.96
-2.19%
2015.03.16 end-of-day
Commodities
Crud e Oil
43.88
-2.19%
Na tura l G a s
2.72
-0.41%
G a soline
1.73
-1.95%
He a ting Oil
1.70
-0.85%
G old
1153.30
+0.06%
Silve r
15.60
+0.79%
Cop p e r
2.68
2015.03.16 end-of-day
Add to your site
Price
Change
2015.03.16 - $ 43.88
-0.96 -2.19%
1 Year Forecast
$50 / Barrel
1/2
3/22/2015
Sensexatonemonthlow,down65ptsonprofitbookingTheHindu
BusinessMarkets
Sensexatonemonthlow,down65ptsonprofitbooking
PTI
Inavolatiletrade,thebenchmarkSensextodayfellover65pointstohitanoveronemonthlowof28,437.71onprofit
bookinginmetal,FMCG,oil&gasandpowerstocksaheadoftheUSFederalReservespolicymeet.
The30shareSensex,afterhittingasessionhighof28,581.82inearlytrade,subsequentlysuccumbedtoprofitbooking
inheavyweightstocksandslippedintothenegativezoneasithitalowof28,384.09.
However,gainsinrealty,IT,teck,healthcare,bankingandconsumerdurablessharescushionedthefallintheSensex
thatsettledwithafallof65.59points,or0.23percent,atonemonthlowof28,437.71.
Thegaugehadlost427.11pointsintheprevioussessioninFridayscloseaftertheriseinretailinflationdampened
hopesofaggressiveratecutsbytheRBI.
TheNationalStockExchangeindexNiftyalsoended14.60points,or0.17percent,downat8,633.15aftertouchinga
highof8,663.55andalowof8,612intraday.
MarkethasturnedvolatileaheadoftheFeddecision,theRBIspolicynextmonthandcompanyearningsfortheMarch
quarter,stockbrokerssaid.
Sellingpressurewasvisibleacrosstheboarddespitethesuccessfulcoalandspectrumauctionsandpassageof
InsuranceBillinParliament,theyadded.
Globally,AsianmarketsendedmixedasinvestorsawaitdevelopmentsfromBankofJapanandUSFederalReserve
meetingsthisweekEuropeanmarketswereupintheiropeningtrade.
Duringtheday,governmentdatashowedWholesalePriceIndex(WPI)inflationforFebruarydipped2.06percentas
pricesofgoodarticles,manufactureditemsandfuelproductsfellduringthemonth.
ThisisthefourthmonthinarowthatWPIbasedinflationremainedinthenegativezone.
StocksofSesaSterlitesufferedthemostamongSensexconstituentsbyplunging5.16percent,whileHindalcofinished
3.64percent.
OtherswhichdraggeddowntheindicesincludedBhartiAirtel,NTPC,HDFCLtd,GAIL,DrReddy,ITCLtd,Hind
Unilever,RIL,Cipla,L&T,M&M,TCS,ONGCandMarutiSuzuki.
http://www.thehindu.com/business/markets/sensexatonemonthlowdown65ptsonprofitbooking/article6999606.ece?css=print
1/2
3/22/2015
Sensexatonemonthlow,down65ptsonprofitbookingTheHindu
Infosys,however,gainedthemostbyrising2.28per,followedbySunPharma,TataPower,BHEL,Wipro,HDFCBank,
HeroMotoCorp,BajajAuto,ICICIBank,SBIandTataMotors.
Sectorally,theBSEMetalindexsufferedthemostbyfalling1.49percent,followedbyFMCGindex(0.96pc),Power
indexby(0.78pc),Infrastructureindexby(0.83pc),Oil&Gasindex(0.75pc),CapitalGoodsindexby(0.63pc)and
Autoindex(0.20pc).
Meanwhile,Foreignportfolioinvestors(FPIs)boughtsharesworthanetRs66.98crorelastFriday,asperprovisional
datareleasedbythestockexchanges.
Keywords:Sensex,BSE,Nifty,NSE
Printableversion|Mar22,201510:03:44PM|http://www.thehindu.com/business/markets/sensexatonemonth
lowdown65ptsonprofitbooking/article6999606.ece
TheHindu
http://www.thehindu.com/business/markets/sensexatonemonthlowdown65ptsonprofitbooking/article6999606.ece?css=print
2/2
3/22/2015
Sensexcloses152pointsdownbankingstocksplungeTheHindu
BusinessMarkets
Sensexcloses152pointsdownbankingstocksplunge
IANS
AbenchmarkindexofIndianequitiesmarkets,the30scripSensitiveIndex(Sensex),provisionallyclosedonThursday
152.45pointsor0.53percentdownasbankingstocksplunged.
Thewider50scripNiftyoftheNationalStockExchange(NSE)alsoclosedprovisionally51.25pointsor0.59percent
downat8,634.65points.
TheSensexoftheS&PBombayStockExchange(BSE),whichopenedat28,805.22points,closedat28,469.67points
(provisional),down152.45pointsor0.53percentfromthepreviousdayscloseat28,622.12points.
TheSensextouchedahighof28,978.74pointsandalowof28,411.70pointsinintradaytrade.
Keywords:Sensex,Nifty,BSE,NSE,stockexchanges,stockmarkets
Printableversion|Mar22,201510:05:01PM|http://www.thehindu.com/business/markets/sensexcloses152
pointsdownbankingstocksplunge/article7011514.ece
TheHindu
http://www.thehindu.com/business/markets/sensexcloses152pointsdownbankingstocksplunge/article7011514.ece?css=print
1/1
3/22/2015
Sensexhitsover1monthlowTheHindu
BusinessMarkets
Sensexhitsover1monthlow
PTI
ThedowntrendinmarketscontinuedforthethirdstraightdaywithbenchmarkSensexonFridayslipping209pointsto
over1monthlowandtheNiftyindexfellbelowthekey8,600markonsellinginheavyweightsaheadofquarterly
earningsbeginningearlynextmonth.
Realty,Power,FMCG,ConsumerDurables,Healtchare,Auto,CapitalGoods,Banking,MetalsandOil&Gasstocks
slipped.
TheBSESensexopenedinnegativezone28,465.44andhoveredbetween28,484.36and28,242.40beforesettlingat
28,261.08alossof208.59points.ThisisitslowestclosesinceFebruary9.
Similarly,theNSENiftyindexlost63.75pointstoendbelow8,600markat8,570.90aftermovingbetween8,627.90
and8,563.
NTPCwasthetoploseramongSensexandNiftystocksbyslumping6.25percent.
SunPharmaandCiplafelllargelysuccumbingtoprofitbookingatprevailinglevels.
Amongthe30Sensexconstituents,21endedlowerwhilenineledbyWipro,Infosys,CoalIndiaandTCSendedhigher.
Stocksofsugarcompaniessankaspricesinthedomesticmarketarecurrentlyatoverfiveyearlows.ShreeRenuka
Sugarsfellby4.49percent,BajajHindusthanSugarby4.13percent,DhampurSugarMillsby4.42percent,among
others.
Sectorwise,theBSERealtyindexsufferedthemostbylosing3.74percent,followedbyPowerby2.09percent,FMCG
by2.09percent,ConsumerDurablesby1.93percent,Healtchareby1.52percentandAutoby1.36percent.
SellingpressureinsmallandmidcapstocksalsopulleddowntheBSESmallcapindexby2.14percentandMidcap
indexby1.49percent.
Keywords:Sensex,Nifty
Printableversion|Mar22,201510:06:39PM|http://www.thehindu.com/business/markets/sensexhitsover
1monthlow/article7015668.ece
TheHindu
http://www.thehindu.com/business/markets/sensexhitsover1monthlow/article7015668.ece?css=print
1/1
3/26/2015
Wall Street Falls in Choppy Session But Ends Off Lows | Fox Business
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"Earnings, particularly from U.S.-based companies, continue to be
Recommended by
very strong," said Doug Foreman, chief investment officer at Kayne
Morning Biz Outlook
Anderson Rudnick in Los Angeles.


Energy stocks on the S&P 500 <.SPNY> ended down 0.2 percent
despite a rally in crude prices following Saudi Arabia's air strikes in
Yemen.

Deal
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The number of Americans filing new claims for jobless benefits fell
more than expected last week while activity in the services sector hit a
six-month high in March, underscoring the economy's solid
fundamentals despite a recent softening in growth.
Winnebago Industries <WGO.N> fell after reporting a lower-thanexpected quarterly profit as expenses rose. Shares tumbled 14.3
percent to $20.39.
to 1,187, for a 1.55-to-1 ratio; on the Nasdaq, 1,492 issues fell and
1,198 advanced, for a 1.25-to-1 ratio.
The benchmark S&P 500 posted 3 new 52-week highs and 5 new
lows; the Nasdaq Composite recorded 18 new highs and 45 new
lows.
About 7 billion shares changed hands on U.S. exchanges, above the
6.8 billion daily average so far this month, according to BATS Global
Markets.
(Reporting by Rodrigo Campos; Editing by Nick Zieminski)
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Sensex crashes 654 points on FII outflow concerns post Yemen air strikes | Business Line
Sensex crashes 654 points on FII outflow concerns post Yemen air strikes
Our Bureau/Agencies
Mumbai, March 26:

Led by escalating tensions in West Asia after Saudi Arabia and its Gulf Arab allies launched air strikes in Yemen, the
Sensex and the Nifty fell over 2.2 per cent on Thursday to their lowest in more than 10 weeks.
The air strikes were launched to counter Iran-allied forces besieging the southern city of Aden where the US-backed
Yemeni president had taken refuge.
Blue-chips slumped on worries foreign investors may trim positions on risk aversion due to Yemen air strikes.
The BSE index Sensex tumbled 654.25 points or 2.33 per cent at 27,457.58 and the NSE index Nifty dropped 188.65
points or 2.21 per cent at 8,342.15.
Barring capital goods, all other BSE sectoral indices ended significantly in the red. Among them, IT index fell the most
by 2.63 per cent, followed by banking 2.52 per cent, metal 2.24 per cent and TECk 2.04 per cent, while capital goods
index was up 0.08 per cent.
Blue-chips heavily owned by foreign investors led the falls. Major Sensex losers were HDFC 5.32%, Wipro 4.01%, SSLT
3.9%, Infosys 3.3% and SBIN 3.18%, while the only four gainers were Bharti Airtel 0.98%, GAIL 0.45%, Hero
MotoCorp 0.29% and L&T 0.18%.
Tensions in West Asia come at a time of rising concerns that foreign investors will pare some of their positions in
India. Overseas funds sold index futures worth Rs
.
1,386 crore ($221.2 million) on Wednesday ahead of monthly
derivative expiry and end of the fiscal year.
European shares fell on Thursday, with the London Stock Exchange leading the market lower on news that Borse
Dubai will sell its full stake in the company and ARM Holdings extending the previous session's steep losses, tracking
its weaker US peers.
The pan-European FTSEurofirst 300 index was down 0.9 per cent at 1,572.27 points by 0817 GMT, after falling more
than 1 per cent in the previous session.
Asian shares also fell after Saudi Arabia and Gulf region allies launched military operations including air strikes in
Yemen on Thursday to counter Iran-allied forces besieging the southern city of Aden where the US-backed Yemeni
president had taken refuge.
"We think the market will drag for some time. There is a huge currency risk. And there are no near-term triggers,"
said Deven Choksey, managing director, KR Choksey Securities.
http://www.thehindubusinessline.com/markets/stock-markets/sensex-sheds-164-points-on-weak-global-cues/article7034808.ece?css=print
1/2
3/27/2015
Sensex crashes 654 points on FII outflow concerns post Yemen air strikes | Business Line
A report by SMC Investments and Advisors said: "Asian stocks slid following the US stocks as dearth of activity in
markets failed to provide support. US stocks ended low as decelerating growth and declining dollar led to a sell off.
With orders for transportation equipment showing a notable pullback, the Commerce Department released a report
showing that new orders for USmanufactured durable goods unexpectedly decreased in the month of February. The
report said durable goods orders fell by 1.4 per cent in February following a downwardly revised 2.0 per cent increase
in January. The drop in orders came as a surprise to economists, who had expected orders to climb by 0.7 per cent
compared to the 2.8 per cent jump that had been reported for the previous month.''
Printable version | Mar 27, 2015 6:50:15 PM | http://www.thehindubusinessline.com/markets/stock-markets/sensex-sheds-164-points-on-weak-globalcues/article7034808.ece The Hindu Business Line
http://www.thehindubusinessline.com/markets/stock-markets/sensex-sheds-164-points-on-weak-global-cues/article7034808.ece?css=print
2/2
3/27/2015
Brent Crude Oil
$56.41
-2.78
-4.93%
2015.03.27 end-of-day
WTI Crude Oil
$48.87
-2.56
-5.24%
2015.03.27 end-of-day
Commodities
Crud e Oil
48.87
-5.24%
Na tura l G a s
2.59
-3.17%
G a soline
1.80
-4.66%
He a ting Oil
1.73
-3.48%
G old
1199.80
-0.44%
Silve r
17.05
-0.41%
Cop p e r
2.78
-1.68%
2015.03.27 end-of-day
Add to your site
Price
Change
2015.03.27 - $ 48.87
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$56 / Barrel
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Wall Street Dives After Rally | Fox Business
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U.S. stocks fell on Tuesday as energy and healthcare shares
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retreated, but the S&P 500 and Nasdaq registered their ninth straight
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<.SPXHC> leading the way down. It dropped 1.5 percent, reversing
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when the stock market is closed for the Good Friday holiday. If the
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The dollar added to its sharp gains for the quarter, stoking worries
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about earnings for U.S. multinationals. S&P 500 earnings are
Morning Biz Outlook
expected to have declined by 2.8 percent in the first quarter from a

year ago, Thomson Reuters data showed.
"Today's price action is a reflection of all the bad in the quarter - the
stronger dollar, weaker oil - and in some respects just a snapback
from yesterday's outsized gains," said John Canally, chief economic
strategist for LPL Financial in Boston.
"Tomorrow's a new quarter and there's a new batch of people ready to
take some risks, so I wouldn't be surprised if we see an up day."

Deal
Health Care
The day's decline in stocks followed gains of more than 1 percent on
each of the major indexes on Monday. The S&P 500 remains down
2.3 percent from its March 2 record high close.
All three indexes also posted losses for the month, with the Dow down
2 percent, S&P 500 down 1.7 percent and the Nasdaq down 1.3
percent.
For the first quarter, the Dow declined 0.3 percent, the S&P 500
gained 0.4 percent and the Nasdaq gained 3.5 percent.
On the deal front, Charter Communications Inc <CHTR.O> agreed to
acquire Bright House Networks in a roughly $10 billion deal. Charter
rose 5.3 percent to $193.11.
NYSE decliners outnumbered advancers 1,794 to 1,247,; on the
Nasdaq, 1,649 issues fell and 1,090 advanced.
About 6.3 billion shares changed hands on U.S. exchanges, below the
6.7 billion daily March average, according to BATS Global Markets.
(By Caroline Valetkevitch; Editing by Nick Zieminski and Christian
Plumb)
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2/4
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Brent Crude Oil
$55.11
-1.18
-2.14%
2015.03.31 end-of-day
WTI Crude Oil
$47.60
-1.08
-2.27%
2015.03.31 end-of-day
Commodities
Crud e Oil
47.60
-2.27%
Na tura l G a s
2.64
G a soline
1.78
-1.16%
He a ting Oil
1.72
-0.77%
G old
1183.10
-0.14%
Silve r
16.58
-0.46%
Cop p e r
2.75
-1.47%
2015.03.31 end-of-day
Add to your site
Price
Change
2015.03.31 - $ 47.60
-1.08 -2.27%
1 Year Forecast
$54 / Barrel
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4/1/2015
Weak Data Fuel Worry on Wall Street | Fox Business

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the first quarter, appreciating 6.2 percent.

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Shares of General Motors were down 2 percent at $36.74 while Ford
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Estimates for first-quarter results have fallen sharply since Jan. 1, and
earnings for the quarter now are expected to have declined 2.9
Recommended by
Morning Biz Outlook
percent from a year ago, which would be the worst quarter for S&P
500 companies since 2009, Thomson Reuters data showed.
"People continue to have concerns about earnings weakness and
economic weakness," said Stephen Massocca, chief investment
officer at Wedbush Equity Management LLC in San Francisco.

to 17,698.18, the S&P 500 lost 8.2 points, or 0.4 percent, to 2,059.69
and the Nasdaq Composite dropped 20.66 points, or 0.42 percent, to
4,880.23.

Deal
Health Care
The S&P 500 and Nasdaq finished their ninth straight quarter of gains
on Tuesday, while the Dow dipped for the quarter.
Shares of Monsanto were up 3.9 percent at $116.96 and the stock
was among the biggest positive influences on the S&P 500 after its
results and forecast.
Energy shares also gained along with oil prices. ConocoPhillips was
up 1.2 percent at $63.02.
Shares of GoDaddy Inc's jumped in their debut following a $460
million initial public offering. The stock ended up 30.8 percent at
$26.15.
After the bell, shares of Micron Technology dipped 2 percent to
$26.60 as the company forecast lower revenue for the current quarter.
NYSE advancing issues outnumbered declining ones 1,621 to 1,416,
for a 1.14-to-1 ratio; on the Nasdaq, 1,449 issues fell and 1,280
advanced, for a 1.13-to-1 ratio favoring decliners.
The benchmark S&P 500 posted seven new 52-week highs and four
new lows; the Nasdaq Composite recorded 76 new highs and 59 new
lows.
About 6.9 billion shares changed hands on U.S. exchanges, above
the 6.5 billion daily average for the last five trading sessions,
according to BATS Global Markets.
(By Caroline Valetkevitch; Editing by Bernadette Baum, Nick
Zieminski and James Dalgleish)
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Brent Crude Oil
$54.95
-2.15
-3.91%
2015.04.02 end-of-day
WTI Crude Oil
$49.14
-0.95
-1.93%
2015.04.02 end-of-day
Commodities
Crud e Oil
49.14
-1.93%
Na tura l G a s
2.71
+3.98%
G a soline
1.76
-3.97%
He a ting Oil
1.68
-3.83%
G old
1200.90
-0.60%
Silve r
16.69
-2.15%
Cop p e r
2.75
-0.31%
2015.04.02 end-of-day
Add to your site
Price
Change
2015.04.02 - $ 49.14
-0.95 -1.93%
1 Year Forecast
$56 / Barrel
1/2
5/16/2015
Sensex down 249 points; healthcare stocks decline - The Hindu
BUSINESS MARKETS
Published: April 16, 2015 16:20 IST | Updated: April 16, 2015 16:20 IST Mumbai, April 16, 2015
Sensex down 249 points; healthcare stocks decline

IANS
PTI
The Sensex touched a high of 28,876.23 points and a low of 28,497.70 points in the intra-day trade so far.
A benchmark index of the Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), was trading in the red in the late-afternoon
session on Thursday. It was down 249 points or 0.86 percent.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading in the red. It was down 85.05 points or 0.97 percent at
8,665.15 points.
The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 28,876.23 points, was trading at 28,550.90 points (at 2.35 p.m.) in
the late-afternoon session, down 248.79 points or 0.86 percent from the previous days close at 28,799.69 points.
The Sensex touched a high of 28,876.23 points and a low of 28,497.70 points in the intra-day trade so far.
The S&P BSE midcap was down 128.04 points. The S&P BSE smallcap was trading lower by 140.61 points.
According to Angel Broking, the Indian markets opened in the positive territory tracking the SGX Nifty and most of its Asian peers.
The markets were weighed down (Wednesday) by IT majors on concerns that the appreciating rupee could hurt revenues while private
banks pared early gains on profit bookings in the later part of the trade, the brokerage firm said.
Sectors like healthcare, capital goods, information technology (IT), consumer durables, fast moving consumer goods (FMCG) and automobile
came under heavy selling pressure.
However, oil and gas index made gains during the late-afternoon trade session.
The S&P BSE healthcare index was down 306.12 points followed by capital goods index which was lower by 294.22 points, IT index lost 173.97
points, consumer durables index fell 134.31 points, FMCG index receded 108.16 points and automobile index was down 101.10 points.
However, the S&P BSE oil and gas index was higher by 69.45 points.
Printable version | May 16, 2015 9:38:16 PM | http://www.thehindu.com/business/markets/sensex-down-249-points-healthcare-stocksdecline/article7109218.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-down-249-points-healthcare-stocks-decline/article7109218.ece?css=print
1/2
5/16/2015
Sensex plunges 245 points, Nifty tumbles 84 points - The Hindu
BUSINESS MARKETS
Last minute selling drags Sensex below 29,000-level

OOMMEN A NINAN
Heavy selling in the last hour of trading dragged the benchmark Bombay Stock Exchange (BSE) 30-share Sensitive Index (Sensex) below the
29000-mark. The Sensex closed at 28799.69 with a loss of 244.75 or 0.84 per cent. It touched a high of 29094.61 in early trades but
witnessed a low of 28721.63.
Among the broader indices, BSE 100 dipped by 0.86 per cent and BSE 200 lost 0.81 per cent. Meanwhile mid-cap stocks lost 0.51 per cent
and small-cap ended down with a loss of 0.34 per cent.
Markets fell sharply in the last hour on the back of heavy off-loading seen in banking stocks, said Amar Ambani, Head of Research, India
Infoline (IIFL). The Government reported a fall in the wholesale Price Index (WPI)-based inflation for the fifth straight month in March 2015.
Post WPI numbers, the market staged a steady recovery. However it took a sudden U-turn, as private banking shares in particular came
under heavy selling pressure in the last one hour of trade, said Mr. Ambani.
On the National Stock Exchange (NSE), the 50-share Nifty closed at 8750.20 with a loss of 83.80 points or 0.95 per cent.
Going ahead we expect 8700-mark to act as a strong support for the Nifty. Also results season which will kick off in the coming week will
provide direction, Mr. Ambani added. A report from IIFL stated that while key drivers of inflation continue to remain benign, the looming
threat of El Nino will influence the near-term trajectory of inflation as well as monetary policy.
Rupee up 15 paise
The rupee snapped its two-day losing streak against the American currency, firming up by 15 paise to close at 62.36 a dollar on fresh selling
by banks and exporters on the back of lower dollar in the overseas markets.
The rupee opened sharply higher at 62.38 against the last closing level of 62.51 at the inter-bank foreign exchange market and firmed up
further to close at 62.36, showing a gain of 15 paise or 0.24 per cent from its Mondays close. The domestic currency had dropped by 27 paise
or 0.43 per cent in the previous two trading sessions
Printable version | May 16, 2015 9:39:21 PM | http://www.thehindu.com/business/markets/sensex-plunges-245-points-nifty-tumbles-84points/article7105538.ece
http://www.thehindu.com/business/markets/sensex-plunges-245-points-nifty-tumbles-84-points/article7105538.ece?css=print
1/2
4/17/2015
China Woes, Weak Earnings Push Street Into Negative Territory | Fox Business
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By Matthew Morrow / Pub lished April 17, 2015 / FOXBusiness

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The Real Difference
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As of 2:06 p.m. ET, the Dow Jones Industrial Average was down
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325.98 points, or 1.80%, to 17,779.79, the S&P 500 lost 28.55
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points, or 1.36% to 2,076.44 and the Nasdaq Composite dropped

Prices at the Pump
85.38 points, or 1.71%, to 4,922.41.
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Media reports are indicating the cause of indicated lower open may
be attributable to news from China, as Chinese regulators will now
reportedly allow fund managers to lend stocks for short selling. There
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In earnings news, General Electric (GE) shares are little changed after
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reporting mixed quarterly results. The Dow member posted adjusted

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China Woes, Weak Earnings Push Street Into Negative Territory | Fox Business
Meanwhile, industrial rival Honeywell (HON) is down about 3% or so,

as it reported a gain in Q1 earnings of $1.41 vs. an estimate of $1.39,
Recommended by
Morning Biz Outlook
but cut its sales forecast for 2015. The company now sees sales
European shares fall on
China, Greece concerns
between $39 billion - $39.6 billion.

Previously Honeywell had expected sales to be as much as $41.1
billion. In a statement Honeywell Chairman and CEO David Cote said,
"While we are off to a strong start to 2015, we will continue to plan
General Electric 1Q
earnings beat
expectations, revenue
misses
conservatively as the global economic environment continues to

Deal
evolve."
The impact of foreign currency impacted the quarter, along with the

Health Care
divestiture of its Friction Materials unit, and raw materials pricing in its
Resins & Chemicals group.
4/17/15
Another Dow component, American Express (AXP) is in the red,

trading over 4.5% lower after it reported a Q1 earnings beat of $1.48
vs. $1.33 a year earlier, but revenue fell 3% from a year ago. The
company said results for the quarter were negatively affected by the
significant impact of a stronger U.S. dollar on international operations.
In economic news, U.S. Consumer prices are seeing a modest pickup. Excluding food and energy, the CPI Index rose 1.8% in March,
according to the Labor Department. Overall prices for the month were
little changed at -0.1%.
Some favorable economic news came out at 10 a.m. ET as University
of Michigan Consumer Sentiment Index for April was better than
expected at 95.9 vs. an estimated 94.0.
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4/21/2015
Brent Crude Oil
$62.08
-1.37
-2.21%
2015.04.21 end-of-day
WTI Crude Oil
$55.26
-1.12
-2.03%
2015.04.21 end-of-day
Commodities
Crud e Oil
55.26
-2.03%
Na tura l G a s
2.58
+1.51%
G a soline
1.89
-2.30%
He a ting Oil
1.85
-1.29%
G old
1202.90
+0.78%
Silve r
16.00
+0.74%
Cop p e r
2.70
-1.13%
2015.04.21 end-of-day
Add to your site
Price
Change
2015.04.21 - $ 55.26
-1.12 -2.03%
1 Year Forecast
$63 / Barrel
1/2
5/16/2015
Sensex extends losses, down 261 points - Business Today- Business News
THE INDIA TODAY GROUP
BIZ WRAP
SENSEX
117.94
India Today
Aaj Tak
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Sensex extends losses, down 261 points

Rahul Oberoi
Last Updated: April 27, 2015 | 18:00 IST
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The domestic equity market remained overpowered by bears

throughout the day and extended its losing streak for the third
consecutive trading session. The key benchmark indices S&P
BSE Sensex and CNX Nifty plunged 0.95 per cent and 1.10 per
cent to 27,176.99 and 8,213.80, respectively.
Among the sectoral indices on the Bombay Stock Exchange
(BSE), the S&P BSE Realty index tumbled the most 3.96 per
cent to 1,510.77. It was followed by the S&P BSE Healthcare
index (down 3.21 per cent to 15953.12), S&P BSE Oil & Gas
index (down 2.48 per cent to 9,153.46), S&P BSE Consumer
Durables (down 2.17 per cent to 10,313.39). Rest all other
indices also ended the day in red.
Amar Ambani, head of research, IIFL, says, "Indices shut in
http://businesstoday.intoday.in/story/stock-market-bse-sensex-nse-nifty-today-april-27-2015/1/218604.html
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1/4
5/16/2015
Sensex at 33,000 by Dec

on Modi govt's reforms?
Bank of Baroda shares fall

6% as Q4 net pro t
disappoints
Sensex extends losses, down 261 points - Business Today- Business News
deep red yet again after index heavyweight ICICI Bank

announced its quarterly numbers. ICICI Bank's Q4 FY15
performance was a mixed bag with net interest income growth
coming ahead of our expectation and asset quality deteriorating
further. Earnings slowdown, global uncertainties and FIIs
retrospective tax overhang also continued to weigh on the
investor's sentiment."
Ajay jaiswal, president, investment strategies, head of research,
Microsec Financial Services seconds Ambani and says, "Nifty
was holding around 8,250 levels but after the quarterly result
of ICICI Bank which was below expectations in terms of gross
non-performing assets (GNPA) dampened the market
sentiments." ICICI Bank posted GNPA of 3.78 per cent for the
quarter ended March 2015 against 3.03 per cent in the same
quarter last year.
For the quarter ended, March 2015, ICICI bank posted net
profit of Rs 2,922 crore, up 10.2 per cent, against Rs 2,652 crore
in the corresponding quarter a year ago.
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In another quarterly result, Indian automobile major Maruti

Suzuki India booked net profit of Rs 1,284.24 crore, up 60.5 per
cent, for the quarter ended March 2015 against Rs 800.05 crore
in the corresponding quarter a year ago. According to the
company's statement in its filing to exchanges, higher volumes,
material cost reduction, lower sales promotion expenses are
some of the crucial factors that contributed to the bottom line
during the quarter.
Among Nifty stocks, Maruti, Sesa Sterlite and Punjab National
Bank were the top performers for the day with an intraday gain
of 3.08 per cent, 2.56 per cent and 1.71 per cent, respectively.
However, BPCL, Cairn India and Asian Paint stood at the
bottom of the performance chart with a fall of 6.98 per cent,
5.19 per cent and 3.71 per cent, respectively.
According to the website of NSDL, FIIs stood net sellers in the
capital markets segment, sold shares worth Rs 722.32 crore.
For the further movement, Vinod Nair, head-fundamental
research, Geojit BNP Paribas Financial Services, says, "Market
has consolidated further below the last immediate support seen
at 8250-8300. The F&O expiry (on April 30) and FED meet on
April 28-29 are concerning the market. While no rate hike is
expected from FED, market would be cautious on the policy
statement. In the meantime, Budget session could provide
some support to the market, as key bills like GST (Goods and
Service Tax) will be discussed this week."
Asian peer markets, Nikkei 225 was down by 0.19 per cent
while Hang Seng and Shanghai were up by 1.33 per cent and
3.03 per cent, respectively.
http://businesstoday.intoday.in/story/stock-market-bse-sensex-nse-nifty-today-april-27-2015/1/218604.html
2/4
4/30/2015
Sensex falls 170 points ahead of derivatives expiry - The Hindu
BUSINESS MARKETS
Sensex falls 170 points ahead of derivatives expiry

PTI
The benchmark BSE Sensex on Wednesday fell by 170 points to 27,225.93, bogged down by heavy selling in heavyweights HDFC and Airtel on
lower-than-expected earning numbers.
Ahead of April derivatives expiry on Thursday, the index was also bugged by persistent foreign fund outflows and delay in land acquisition bill,
brokers said.
Shares of Bharti Airtel suffered the most among Sensex constituents by falling 3.32 per cent after companys March quarter net profit failed to
meet market expectations.
Airtel had reported a 30.5 per cent jump in its March quarters net profit at Rs 1,255 crore on Tuesday.
Meanwhile, HDFC on Wednesday reported a 9.6 per cent increase in its consolidated net profit at Rs 2,646.35 crore for the quarter ended
March 31.
Caution prevailed as traders were seen reducing positions as the April contract is set to expire on Thursday.
The markets had on Tuesday rose by 219 points on a mix of good earning numbers from Maruti Suzuki and ICICI Bank.
The BSE 30-share index resumed a shade lower at 27,395.71 and slipped further to a low of 27,176.54. It recovered briefly to touch the
sessions high of 27,438.96 on short-covering of positions in select bluechip stocks.
However, it succumbed to selling in late afternoon trade and finally settled at 27,225.93, a loss of 170.45 points or 0.62 per cent.
The 50-issue NSE Nifty also moved down by 45.85 points or 0.55 per cent to 8,239.75 after shuttling between 8.219.20 and 8,308.20 intraday.
Sentiments turned weak on continued selling as market is lacking any positive trigger, said Manoj Choraria, a NSE stockbroker based in
Delhi.
Besides, a weak closing at other Asian markets and lower openings in Europe ahead of the outcome of Federal Reserve two-day meet also cast
a shadow here, they added.
http://www.thehindu.com/business/markets/sensex-falls-170-points-ahead-of-derivatives-expiry/article7154399.ece?css=print
1/2
4/30/2015
Sensex falls 170 points ahead of derivatives expiry - The Hindu
Among the 30-Sensex constituents, 23 shares ended lower, while seven rose.
Sectorally, BSE FMCG index fell the most by losing 1.63 per cent, followed by infrastructure 0.83 per cent, auto (0.57 pc), oil&gas (0.51 pc),
metal (0.40 pc), PSU (0.27 pc) and Power (0.12 pc).
Smallcap and midcap indices, however, continued their Tuesdays upward trend on buying by retail investors.
Smallcap rose 1.10 per cent, while midcap gained 0.39 per cent.
Foreigners sold shares worth Rs 1,532.84 crore on Tuesday, as provisional data.
Printable version | May 1, 2015 2:15:03 AM | http://www.thehindu.com/business/markets/sensex-falls-170-points-ahead-of-derivativesexpiry/article7154399.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-falls-170-points-ahead-of-derivatives-expiry/article7154399.ece?css=print
2/2
4/30/2015
Wall Street ends down as Apple, biotechs weigh | Fox Business

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Wall Street ends down as Apple, biotechs weigh

25
Reuters
(REUTERS)
U.S. stocks sold off on Thursday, pushing the Nasdaq down for a fourth day, as Apple shares declined and earnings results in
other tech and biotech names disappointed.
The Dow Jones industrial average fell 195.01 points, or 1.08 percent, to 17,840.52, the S&P 500 lost 21.36 points, or 1.01
percent, to 2,085.49 and the Nasdaq Composite dropped 82.22 points, or 1.64 percent, to 4,941.42.
(Reporting by Ryan Vlastelica; Editing by Meredith Mazzilli)
More on this...
ExxonMobil 1Q earnings beat expectations
Time Warner Cable posts disappointing 1Q results
Weekly jobless claims fall to 262,000
http://www.foxbusiness.com/markets/2015/04/30/more-weakness-looks-to-be-in-store-for-wall-street/?intcmp=bigtopmarketfeatures
1/3
4/30/2015
BSE Sensex and NSE Nifty movements on April 30, 2015 - The Hindu
BUSINESS MARKETS
Sensex falls 214 pts to near 4-month low; Nifty below 8,200
PTI
PTI
The benchmark BSE Sensex slipped below the 27,000-level in early trade on Thursday as participants indulged in offloading positions in view
of April series expiry in the derivatives segment. File photo
Across-the-board selling on the last day of April series derivative contracts, MAT worries, disappointing Q4 results so far and sluggish
global cues pulled down markets.
Logging its third straight weekly fall, the benchmark BSE Sensex slipped by 214 points to end at 27,011.31, while Nifty ended below the
8,200-mark on account of declines in blue-chips as the monthly derivative contract expired today.
Across-the-board selling on the last day of April series derivative contracts, MAT worries, disappointing Q4 results so far and sluggish global
cues pulled down markets.
Participants were seen offloading their long positions in Futures and Options (F&O) segment instead of carrying them forward to the next
May series, brokers said.
The BSE Index had closed at 26,908.82 on January 7.
The 50-share NSE Nifty tumbled below the 8,200-level by falling 58.25 points or 0.71 per cent to close at 8,181.50.
During the session, it moved between 8,229.40 and 8,144.75.
Meanwhile, the rupee fell by 45 paise to 63.75 levels (intra-day) against the US dollar on capital outflow worries.
Delay in land acquisition bill too hurt sentiment and accelerated selling by foreign investors.
The BSE 30share barometer after resuming a shade higher at 27,242.05 fell back below the 27,000mark and gradually moved down to a
low of 26,897.54 before concluding at 27,011.31, a fall of 214.62 points or 0.79 per cent.
The gauge had lost 170.45 points in yesterdays volatile session.
In Asia, markets mostly fell in line with an overnight selloff in the US markets, after growth data fell well short of forecasts.
European markets were, however, trading a shade higher in early trade.
Market heavyweights like HDFC plunged 2.70 per cent, Tata Steel fell 2.37 per cent, M&M tumbled 2.25 per cent, Tata Motors declined 2.21
per cent, Tata Power lost 1.94 per cent and Bharti Airtel 1.51 per cent.
http://www.thehindu.com/business/markets/bse-sensex-and-nse-nifty-movements-on-april-30-2015/article7157433.ece?css=print
1/2
4/30/2015
BSE Sensex and NSE Nifty movements on April 30, 2015 - The Hindu
Other prominent losers were Coal India, Dr Reddys, ITC, Hero MotoCorp, Hindalco, Hind Unilever, Infosys and SBI.
Shares of Jindal Steel & Power slumped 4.16 per scent to close at Rs 139.55 after CBI filed a chargesheet against companys owner Naveen
Jindal in connection with a coal block allocation scam case.
Foreign Portfolio Investors sold shares worth Rs 718.31 crore yesterday as per provisional data.
Meanwhile, stocks of transport and logistics firm VRL made a stellar debut today by surging 43.07 per cent to Rs 293.30 after climbing to Rs
309.10.
Stock markets will remain close tomorrow on account of Maharashtra Day.
Printable version | May 1, 2015 7:41:22 AM | http://www.thehindu.com/business/markets/bse-sensex-and-nse-nifty-movements-on-april30-2015/article7157433.ece
The Hindu
http://www.thehindu.com/business/markets/bse-sensex-and-nse-nifty-movements-on-april-30-2015/article7157433.ece?css=print
2/2
5/7/2015
BrentCrudeOil
$65.54
2.23
3.40%
2015.05.07endofday
WTICrudeOil
$58.94
1.99
3.38%
2015.05.07endofday
Commodities
Crude Oil
58.94
-3.38%
Natural Gas
2.73
-1.54%
Gasoline
1.99
-2.33%
Heating Oil
1.96
-2.77%
Gold
1182.40
-0.67%
Silver
16.27
-1.30%
Copper
2.93
2015.05.07 end-of-day
-0.22%
Add to your site
Price
Change
2015.05.07$58.94 1.993.38%
1YearForecast
$67/Barrel
1/2
5/16/2015
Sensex drops 118 points to hit 2015 low - The Hindu
BUSINESS MARKETS
Published: May 7, 2015 17:06 IST | Updated: May 7, 2015 17:06 IST Mumbai, May 7, 2015
Sensex drops 118 points to hit 2015 low

PTI
The Hindu
The 30-share Sensex fell 118.26 points or 0.44 per cent to close at 26,599.11, its weakest closing since October 21, last year.
Today is the third straight session of decline with the index having lost 891.48 points in this period.
Falling for the third-straight day, the benchmark BSE Sensex on Thursday tumbled 118 points to end at 26,599.11 on persistent selling by
foreign investors over taxation worries and delay in passage of key reform Bills.
Investor sentiment was also dampened after weakening of rupee to a 20-month low (intra-day) faded chances of a rate cut by the RBI at its
meeting next month, brokers said.
Global cues, unsettled by sell-off in government bonds, stocks and dollar, also weighed on sentiments, they added.
All the major indices in Asia ended lower, while those in Europe were in the red in their early trade.
The 30-share Sensex fell 118.26 points or 0.44 per cent to close at 26,599.11, its weakest closing since October 21, last year. The gauge
shuttled between 26,423.99 and 26,850.37 intra-day.
Today is the third straight session of decline with the index having lost 891.48 points in this period.
The NSE Nifty index also ended with a loss of 39.70 points or 0.49 per cent at 8,057.30 its weakest close since December 17 last year.
Intra-day, it dipped below the crucial 8,000-level to touch a low of 7,997.l5.
Axis Bank was the biggest loser among 30-Sensex stocks by plunging 2.95 per cent followed by ONGC down 2.94 per cent to Rs 318.70.
Other losers were Maruti Suzuki with a fall of 2.52 per cent, Hindalco down 2.47 per cent, ICICI Bank 2.44 per cent, Tata Power 2.32 per cent,
Dr Reddys 2.19 per cent and Tata Motors 1.90 per cent.
Bucking the trend, TCS, Wipro and Infosys ended logged gains, largely supported by weakening rupee.
The broader markets remained under pressure with the BSE midcap and smallcap indices falling up to 1.95 per cent.
Printable version | May 16, 2015 9:42:16 PM | http://www.thehindu.com/business/markets/sensex-drops-118-points-to-hit-2015low/article7180845.ece
The Hindu
http://www.thehindu.com/business/markets/sensex-drops-118-points-to-hit-2015-low/article7180845.ece?css=print
1/1
5/23/2015
BrentCrudeOil
$65.37
1.17
1.79%
2015.05.22endofday
WTICrudeOil
$59.72
1.00
1.67%
2015.05.22endofday
Commodities
Crude Oil
59.72
-1.67%
Natural Gas
2.89
-2.15%
Gasoline
2.05
-1.39%
Heating Oil
1.95
-1.71%
Gold
1204.30
-0.01%
Silver
17.03
-0.48%
Copper
2.83
2015.05.23 end-of-day
-1.32%
Add to your site
Price
Change
2015.05.23$59.72 1.001.67%
1YearForecast
$68/Barrel
file:///C:/Users/Srinivas/Desktop/Crude%20Oil,%20Gas,%20and%20Metals%20Prices.html
1/1
5/26/2015
USstocksclosebroadlylower,ledbydeclinesinenergycompaniesasthepriceofoilslides|FoxBusiness
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USstocksclosebroadlylower,ledbydeclinesinenergy
companiesasthepriceofoilslides
PublishedMay26,2015
12
AssociatedPress
TraderWilliamMcInerney,right,worksontheflooroftheNewYorkStockExchange,Tuesday,May26,2015.StocksareopeningloweronWallStreetastradersreturnfromthe
MemorialDayholidayintheU.S.(APPhoto/RichardDrew)(TheAssociatedPress)
NEWYORKThestockmarkethaditsworstdayinthreeweeksastradersworriedaboutGreece'sdebtproblemsanda
surgeinthevalueoftheU.S.dollar.
EnergystocksfellmorethantherestofthemarketTuesdayasthepriceofcrudeoilslumped.TransoceanandAllegheny
Technologieseachfell4percent.
TheDowJonesindustrialaveragedropped190points,or1percent,to18,041.
TheStandard&Poor's500indexgaveup21points,also1percent,to2,104.TheNasdaqcompositedeclined56points,
or1.1percent,to5,032.
Oilfell$1.69,or2.8percent,to$58.03abarrelinNewYork.
TimeWarnerCablerose7percentafteragreeingtobeacquiredbyCharterCommunications.
ThedollarroseagainsttheJapaneseyenandtheeuro.
http://www.foxbusiness.com/markets/2015/05/26/usstocksclosebroadlylowerledbydeclinesinenergycompaniesaspriceoil/
1/3
5/26/2015
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3/3
5/26/2015
Sensexfalls112pointsonearningsworry,derivativesexpiryTheHindu
BUSINESSMARKETS
Published:May26,201517:12IST|Updated:May26,201517:13IST
Mumbai,May26,2015
Sensexfalls112pointsonearningsworry,derivativesexpiry
PTI
ThebenchmarkBSESensexonTuesdaydeclinedbyanother112pointstocloseatoveroneweeklowof27,531.41duetocontinuedsellingin
heavyweightssuchasITC,TataMotorsandVedantaonmutedearningsamidweakeningrupee.
Acautiousstanceadoptedbyparticipants,whotrimmedpositionsaheadofMayderivativesexpiryonThursday,andabsenceofanypositive
triggeralsodampenedtradingsentiments,brokerssaid.
Attheforexmarket,therupeewastrading42paisedownatRs63.99againsttheAmericancurrency(intraday).
Fallingfortheseconddayinarow,the30shareSensexcloseddown112.47points,or0.41percent,at27,531.41thelowestclosinglevel
sinceMay15.Ittouchedahighof27,675.94andalowof27,473.54indaytrade.
The50issueNiftyofNSEfellby30.90points,or0.37percent,to8,339.35afterhoveringbetween8,320.05and8,378.90intraday.
VedantaLtdplunged2.33percentandwasthebiggestloseramongSensexscrips.ONGCfellsharplyby2.05percent.
TataMotorsfellby1.60percentaheadofitsJanuaryMarchquarterearningsduelaterintheday.
ITCwasdown1.05percent,slidingforthesecondsessionafterdisappointingearningsonFriday.
SunPharma,NTPC,Reliance,ICICIBank,HDFCandDr.Reddysrecordedlossesupto1.34percent.
FMCGmajorNestlesharescloseddown2.10percentaftercrackingover6percentintradayfollowingreportsthatUPFoodSafetyand
DrugAdministrationmayfilecaseagainstthecompanyduetohigherthanpermittedlevelsofleadandafoodadditiveinMagginoodles.
However,staterunBHELemergedastopgaineramongSensexstocksbysoaring2.88percentevenasitposted52percentfallinnetprofit
atRs888.35croreforthequarterendedMarch31,2015.
Printableversion|May27,20154:45:25AM|http://www.thehindu.com/business/markets/sensexfalls112pointsonearningsworry
derivativesexpiry/article7247863.ece
TheHindu
http://www.thehindu.com/business/markets/sensexfalls112pointsonearningsworryderivativesexpiry/article7247863.ece?css=print
1/1
5/27/2015
BrentCrudeOil
$63.72
1.65
2.59%
2015.05.26endofday
WTICrudeOil
$58.03
1.69
2.91%
2015.05.26endofday
Commodities
Crude Oil
58.03
-2.91%
Natural Gas
2.82
-2.30%
Gasoline
2.00
-2.78%
Heating Oil
1.90
-2.75%
Gold
1187.20
-1.44%
Silver
16.73
-1.77%
Copper
2.85
2015.05.26 end-of-day
+0.70%
Add to your site
Price
Change
2015.05.26$58.03 1.692.91%
1YearForecast
$66/Barrel
1/1
Markets Close in the Red on Last Trading Day of May | Fox Business
CLAMAN ON CALL
Markets Close in the Red on Last Trading Day of May
By Liz Claman Published May 29, 2015 FOXBusiness
It was the last day of trading for the month of May and the markets closed the day in the
red, but are higher for the second month in a row. This was the second down week in a
row for the Dow Industrial Average. It's the first back-to-back weekly loss in more than
two months. The S&P 500 and Russell 2000 snapped a 3-week winning streak, while the
NASDAQ snapped a 2-week winning streak.
The Dow Transports are down for a third straight month, its longest losing streak in more
than two-and-a-half years.
All 10 S&P sectors closed today and this week lower, which hasn't happened in months.
The declines this week were led by energy, industrials and financials.
But it was an overall mixed picture for the S&P sectors this month, with the big winners
http://www.foxbusiness.com/markets/2015/05/29/markets-close-in-red-on-last-trading-day-may/?intcmp=perspectives-horizontal[6/1/2015 12:54:36 AM]
Markets Close in the Red on Last Trading Day of May | Fox Business
being health care, technology and financials.

We are getting a lot of big economic data next week. Monday we will be getting the ISM
Manufacturing Index, with the Non-Manufacturing Index being released on Wednesday.
And we get May jobs numbers out on Friday.
Liz Claman anchors Countdown to the Closing Bell which is presented from 3-4pm EST
as well as co-anchors After the Bell from 4-5pm EST. Click here for more information on
Liz Claman.
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This material may not be published, broadcast, rewritten, or redistributed. 2015 FOX News Network, LLC. All rights
reserved. All market data delayed 20 minutes.
http://www.foxbusiness.com/markets/2015/05/29/markets-close-in-red-on-last-trading-day-may/?intcmp=perspectives-horizontal[6/1/2015 12:54:36 AM]
6/3/2015
BrentCrudeOil
$63.80
1.69
2.65%
2015.06.03endofday
WTICrudeOil
$59.64
1.62
2.72%
2015.06.03endofday
Commodities
Crude Oil
59.64
-2.72%
Natural Gas
2.63
-2.43%
Gasoline
2.05
-0.95%
Heating Oil
1.89
-2.84%
Gold
1184.70
-0.79%
Silver
16.46
-1.94%
Copper
2.75
2015.06.03 end-of-day
-0.27%
Add to your site
Price
Change
2015.06.03$59.64 1.622.72%
1YearForecast
$68/Barrel
1/1
6/4/2015
WallStreetFallsAheadofPayrollsReport|FoxBusiness
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MorningOutlook
MARKETUPDATE
WallStreetFallsAheadofPayrollsReport
PublishedJune04,2015
43
Reuters
(Reuters)
U.S.stocksfellonThursday,hitbynervousnessaheadofFriday'sjobsreportandlingeringuncertaintyoveraGreeceaid
dealwithcreditors.
TheDowJonesindustrialaverage<.DJI>fell164.15points,or0.91percent,to17,912.12,theS&P500<.SPX>lost17.72
points,or0.84percent,to2,096.35andtheNasdaqComposite<.IXIC>dropped40.11points,or0.79percent,to
5,059.13.
(ReportingbyRyanVlastelicaEditingbyNickZieminski)
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http://www.foxbusiness.com/markets/2015/06/04/usequityfuturesdroponcontinuedbondmarketworries/
1/3
6/5/2015
BrentCrudeOil
$62.03
1.77
2.85%
2015.06.04endofday
WTICrudeOil
$58.00
1.64
2.83%
2015.06.04endofday
Commodities
Crude Oil
58.00
-2.83%
Natural Gas
2.63
-0.30%
Gasoline
1.98
-3.27%
Heating Oil
1.84
-2.60%
Gold
1174.90
-0.83%
Silver
16.09
-2.33%
Copper
2.72
2015.06.04 end-of-day
-1.29%
Add to your site
Price
Change
2015.06.04$58.00 1.642.83%
1YearForecast
$66/Barrel
1/1
6/8/2015
Sensexfallstonearly8monthslow245pointsdownTheHindu
BUSINESSMARKETS
Published:June8,201516:45IST|Updated:June8,201517:01IST
Mumbai,June8,2015
Sensexfallstonearly8monthslow245pointsdown
PTI
Reuters
Asmanyas25Sensexstocksclosedinthered.
The30sharebarometerhasseenanerosionof1,326pointsinlastfivesessions.
ThebenchmarkBSESensextodayplungedby245pointsto26,523.09itslowestinnearlyeightmonthsonheavysellinginFMCGstocks
amidprevailingdroughtfearsandRBIscautionsstanceoneconomicrecovery.
The30sharebarometerhasseenanerosionof1,326pointsinlastfivesessions.
The50shareNSENiftycontinueditsslideforthesixthsessionanddippedbelowthepsychological8,100markbytumbling70.55pointsor
0.87percenttocloseat8,044.15.
ThesentimentwasalsohitafterabetterthanexpectedUSjobsdataraisedfearsthattheFederalReservewillraiseinterestratesthisyear.
Attheforexmarket,therupeebreachedthe64leveltotradeat64.16(intrasession)againstthedollar.
TheSensex,afteropeninghigherat26,814.31,advancedtotouchthedayshighof26,827.05onvaluebuyinginrecentlybeatenbluechip
stocks.
However,itslippedintothenegativezoneonemergenceofprofitbookingandtouchedalowof26,472.87beforesettling245.40pointsor
0.92percentdownat26,523.09,alevellastseenonOctober20,2014.
Sellingpressurewasalsovisibleinthebroaderindices.
TheBSEmidcapandsmallcapindicesweredown1.54percentand1.42percent,respectively.
CautionaheadofahostofmacroeconomicnumberssuchasIIPandinflationdata,tobereleasedthisweekalsocastshadowonthetrading
sentiments,traderssaid.
Asmanyas25Sensexstocksclosedinthered.
Sectorally,theBSEconsumerdurablesindexsufferedthemostbyfalling1.94percent,followedbymetal(1.73pc),oil&Gas(1.55pc),FMCG
(1.52pc)andhealthcare(1.17pc).
http://www.thehindu.com/business/markets/sensexcloses245pointsdown/article7294826.ece?css=print
1/2
6/8/2015
StocksRetreatasStrongJobsReportPutsSpotlightonFed|FoxBusiness
LOGIN
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MorningOutlook
ECO NO MICS
StocksRetreatasStrongJobsReportPutsSpotlightonFed
ByMatthewRocco
16
FOXBusiness
(Reuters)
TheDowslippedintonegativeterritoryfortheyearamidamodestselloffMonday,reflectingWallStreetsmixedreactions
toanupbeatjobsreport.
Asof10:39a.m.ET,theDowJonesIndustrialAverage(DJI)wasdown23.9points,or0.1%,at17825.TheS&P500
(GSPC)fell3.8points,or0.2%,to2088.TheNasdaq(IXIC)shed16.9points,or0.3%,at5051.
Thebluechipindexisnowtradingbelowitscloseof17823onDec.31.
Mondaysredinkcomesontheheelsofa56pointlossfortheDowFriday,whentheU.S.LaborDepartmentsaidthe
economyadded280,000jobsinMay.Thefigureeasilybeatexpectationsforagainof225,000jobs.
Theunemploymentratetickedhigherto5.5%from5.4%since400,000morepeopleenteredtheworkforce.
Inanotherpositivedevelopment,hourlywagesgrew0.3%comparedtothepriormonthand2.3%yearoveryear.
However,thestrongdatashiftedWallStreetsattentiontoapendinginterestratehikefromtheFederalReserve.
Thereadthroughwas[Fridaysjobsreport]absolutelyputsSeptemberonthetableintermsofliftoff,saidPhilOrlando,
chiefequitystrategistatFederatedInvestors,duringadiscussiononMorningswithMaria.
http://www.foxbusiness.com/markets/2015/06/08/stocksretreatasstrongjobsreportputsspotlightonfed/?intcmp=bigtopmarketfeatures
1/4
6/8/2015
StocksRetreatasStrongJobsReportPutsSpotlightonFed|FoxBusiness
chiefequitystrategistatFederatedInvestors,duringadiscussiononMorningswithMaria.
Ithinkthemarketisthinkingbacktothetapertantrumbackinthespringof2013when[formerFedchiefBen]Bernanke
startedgoingthroughthesameprocess,Orlandoadded.
Employmentwillbethekeymarketdrivermovingforward,accordingtoAbbyJosephCohen,presidentofGoldmanSachs
(GS)GlobalMarketsInstitute.AlsoappearingonMorningswithMaria,Cohenhighlightedstrongerwagesandan
expandinglabormarketascatalystsforeconomicgrowth.
Allofthatreallyisthebackgroundforwhyretailsalesmaypickup,orwemayalsoseeongoingimprovementsinsavings,
andthatsfine,too,Cohenexplained.
FollowMatthewRoccoonTwitter@MatthewRocco
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http://www.foxbusiness.com/markets/2015/06/08/stocksretreatasstrongjobsreportputsspotlightonfed/?intcmp=bigtopmarketfeatures
2/4
6/9/2015
Sensexdown42ptspostslongestlosingrunin4monthsTheHindu
BUSINESSMARKETS
Mumbai,June9,2015
Sensexdown42pointspostslongestlosingrunin4months
PTI
PTI
Buckingthetrend,sharesofVedantatoppedthegainersbyclimbing3.11percentamidspeculationsofCairnIndiamergingwithitself.
ThebenchmarkBSESensexdroppedforthesixthdayonTuesdaytorecorditslongestlosingruninfourmonthsasforeignfundscontinued
tooffloadsharesonfearsthatbelownormalrainswillresultinhigherinflation.
WithTuesdays41.84pointsdrop,the30sharebarometerhasplungedaround1,370points,or4.91percent,insixdays.
ThemarketisonadownwardspiralsincelastTuesdaywhenReserveBankhadcutreporateby25bps,despiteflaggingconcernsover
economicrecovery.
Onthesameday,theMetdepartmenthadforecastmonsoontobedeficientin2015,triggeringdroughtfears.
Fallingfortheseventhstraightday,thebroadbasedNSENiftyonTuesdayfellby21.75pointsor0.27percentat8,022.40.
NegativesentimentwascompoundedbyChinaspotentialinclusionintheMSCIEmergingMarketindexthatmayresultinfurtherforeign
fundoutflowsfromIndia.
Involatilemovements,Sensexshuttledbetween26,438.32and26,604.65duringthedayandfinallyended41.84pointsor0.16percent
lowerat26,481.25.
Thisisthefreshlowestclosinginnearlyeightmonths.
InFebruary,theBSEbenchmarkhadfallenforsevendaysonthetrot,whenRBIhadmaintainedstatusquooninterestratesinitsmonetary
policyreviewonFebruary3.
Withaslumpofupto3.35percent,CiplawasthetoploseramongSensexandNiftystocksonTuesday.
Buckingthetrend,sharesofVedantatoppedthegainersbyclimbing3.11percentamidspeculationsofCairnIndiamergingwithitself.
SharesofNestleIndia,afterremainingunderpressureforthefourstraightsessions,emergedsurprisedwinner,tradinglargelyonthebackof
valuebuyingandclimbed7.47percenttocloseatRs.5,953.80.
Sectorwise,BSErealtyindexsufferedthemostbyfalling1.54percent,followedbyHealthcare1.41percent,auto0.73percent,IT0.70per
http://www.thehindu.com/business/markets/sensexdown42pointsniftyandciplaamongsttoplosers/article7298487.ece?css=print
1/2
6/9/2015
Sensexdown42ptspostslongestlosingrunin4monthsTheHindu
cent,capitalgoods0.35percent,Oil&Gas0.04percentandFMCG0.03percent.
Meanwhile,foreigninvestorssoldsharesworthRs.749.12croreonMondayasperprovisionaldatareleased.
Inoverseasmarkets,Asianstocksendeddown,whileEuropeanmarketsweretradinglowerintheirmorningsession.
Printableversion|Jun9,20157:20:27PM|http://www.thehindu.com/business/markets/sensexdown42pointsniftyandciplaamongst
toplosers/article7298487.ece
TheHindu
http://www.thehindu.com/business/markets/sensexdown42pointsniftyandciplaamongsttoplosers/article7298487.ece?css=print
2/2
6/11/2015
Sensexcrashes,rupeeslipsTheHindu
BUSINESSMARKETS
MUMBAI,June12,2015
Sensexcrashes,rupeeslips
OOMMENA.NINAN
StockindicescrashedbynearlytwopercentonThursdaytocloseattheirlowestlevelsinthiscalendaryear.
Meanwhile,therupeealsoslippedtocloseat63.97adollarcomparedtoitspreviouscloseof63.84onWednesday.
Thebenchmark,BSESensexclosedat26370.98withalossof469.52pointsor1.75percent.
Amongthebroaderindices,BSE100wasdownby1.91percentandBSE200lost1.82percent.Whilemidcapstockslost1.78percent,small
capwasdowny1.55percent.
OntheNationalStockExchange(NSE)the50shareNiftyclosedat7965.35withalossof159.10pointsor1.96percent.
AhostoffactorshaveledtosustainedFIIsellinginIndianequities,saidHiteshAgrawalHeadResearch,RelianceSecurities
Therecentdisappointingfourthquarterearningsseason,coupledwiththesombremanagementcommentaries,hadcastashadowoverthe
extentofrecoverypossibleinthecurrentfiscal.AddedtothisistheweakmonsoonforecastreleasedbyIMD.Ithasbeenafairlychoppy
weeksofarforIndianequities.Inthreeofthefourtradingsessionsthemarketshavehadswingsofmorethanplus(minus)oneper
cent,saidSachinShahFundManager&Head,EmkayPMS.
AccordingtoMr.ShahinthefirsteightsessionsofJune,FIIswerenetsellersofnearly$1billioninequitiesandadditional$0.6billionin
debtmarkets.
Printableversion|Jun12,20155:40:50AM|http://www.thehindu.com/business/markets/sensexcrashesrupeeslips/article7306390.ece
TheHindu
http://www.thehindu.com/business/markets/sensexcrashesrupeeslips/article7306390.ece?css=print
1/1
6/13/2015
BrentCrudeOil
$63.87
1.24
1.94%
2015.06.12endofday
WTICrudeOil
$59.96
0.81
1.35%
2015.06.12endofday
Commodities
Crude Oil
59.96
-1.35%
Natural Gas
2.75
-2.73%
Gasoline
2.12
-0.80%
Heating Oil
1.89
-1.68%
Gold
1178.80
-0.09%
Silver
15.82
-0.85%
Copper
2.70
2015.06.12 end-of-day
+0.24%
Add to your site
Price
Change
2015.06.12$59.96 0.811.35%
1YearForecast
$68/Barrel
1/1
6/12/2015
TripleDigitLossSlamsDowIndustrials|FoxBusiness
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MARKETUPDATE
TripleDigitLossSlamsDowIndustrials
35
DowJonesNewswires
(Reuters)
U.S.stocksdeclinedFridayamiduncertaintyaboutaGreekbailoutdeal.
TheDowJonesIndustrialAveragedropped140points,or0.8%,to17898.4.TheS&P500indexfell14points,or0.7%,to
2094,andtheNasdaqCompositeIndexdeclined14points,or0.7%,to5051.
Losseswerebroadbased,withall30DowcomponentsandallS&P500sectorsinnegativeterritory.Energyand
HealthcarestocksintheS&P500fellthemost,downover1%each.
TraderssaiddeclinesweredrivenbynegativeheadlinesaboutGreece'sfinancingtalks,whichalsoweighedonEuropean
stocks."You'vecertainlygotsomenervoussellingafteracoupleofdaysofgains,"saidSethSetrakian,coheadofglobal
equitiesatFirstNewYorkSecurities."Idon'tseewho'sgoingtorunuptotheplateandsticktheirheadup,"headded.
GreekstocksledEuropeanmarketslower,sliding5.9%.TheAthensstockmarkethadclosedbeforetheInternational
MonetaryFundsaidThursdayithadstoppednegotiationswithGreeceduetoalackofprogress.GermanChancellor
AngelaMerkelonFridaycalledonallpartiestoreturntothenegotiatingtable.Germany'sDAXfell1.2%andFrance'sCAC
slipped1.4%.
Investorswerealsoparingbacktheirstockexposureaheadofnextweek'sFederalReservemeeting,traderssaid.While
fewexpectthecentralbanktoraiseratesnextweek,FedChairwomanJanetYellencouldprovideadditionalinformation
http://www.foxbusiness.com/markets/2015/06/12/usequityfuturesfolloweuropeanmarketslower/?intcmp=bigtopmarketfeatures
1/4
6/12/2015
TripleDigitLossSlamsDowIndustrials|FoxBusiness
onhowsoonsuchamovecouldcome.
"It'sreallypeoplepreparingforGreeceandtheFednextweek,"saidDarrenWolfberg,headofU.S.cashequitytradingat
BNPParibas."Peoplearesellingequitiesandbuyingbonds.Theyaregettingabitmoredefensive,"headded.
Treasurypricesrose,pushingtheyieldonthe10yearTreasurynotedownto2.396%.
EvenwithFriday'spullback,U.S.stocksareonpacetoeekoutamodestweeklygain.Thisweekmarksadeparturefrom
recentones,inwhichtheNasdaq'sgainshaveoutpacedthoseoftheDowandS&P.Forthequarter,theDowhas
advanced0.7%andtheS&Phasrisen1.3%,whiletheNasdaqhasrallied3.2%.
EconomicreportswerepositiveFriday.Inthelatestsigninflationisstabilizing,theLaborDepartmentsaidtheproducer
priceindexforfinaldemandrose0.5%inMayfromApril.Coreprices,whichexcludethevolatilefoodandenergy
categories,rose0.1%.EconomistssurveyedbyTheWallStreetJournalhadexpectedoverallpricestorise0.4%andcore
pricestoadvance0.1%.
Friday'sdataalsosuggestedconsumersfeelupbeatabouttheeconomy.TheUniversityofMichigan'spreliminaryJune
consumersentimentindexroseto94.6fromMay'sfinalnumberof90.7,beatingexpectations.
"Italllooksprettysolid,inkeepingwithwhatyou'dhopefortokeepthiseconomicrecoveryontrack,"saidColleenSupran,
aprincipalatBingham,Osborn&Scarborough,whichmanages$3.4billion.
Incommoditymarkets,goldfutureswerenearlyflatat$1179.60anounce.Crudeoilfuturesfell0.8%to$60.28abarrel.
TwitterInc.shareswerelittlechanged.ThecompanysaidlateThursdayDickCostolowouldstepdownasTwitter'schief
executive.
FedExCorp.sharesslippedover1%.Thecompanysaiditwouldbooka$2.2billionpretaxchargeinitsmostrecently
endedquarter.
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http://www.foxbusiness.com/markets/2015/06/12/usequityfuturesfolloweuropeanmarketslower/?intcmp=bigtopmarketfeatures
2/4
Wall Street Falls as Greek Deadline Looms; Indexes up for Week | Fox Business
MARKET UPDATE
Wall Street Falls as Greek Deadline Looms; Indexes up

for Week
Published June 19, 2015 Reuters
(REUTERS)
U.S. stocks fell on Friday ahead of a summit next week that could decide whether
Greece will need to print its own currency and ditch the euro.
Euro zone leaders are scheduled to meet on Monday night in a last-ditch effort to reach a
deal with Athens. As bank withdrawals across Greece ballooned to about 4.2 billion
euros this week, the European Central Bank boosted its emergency funding for Greek
banks.
Friday's decline in stocks "has to do with the meeting on Monday," said King Lip, chief
investment officer at Baker Avenue Asset Management in San Francisco. "It's sort of the
last lifeline they are going to throw out to Greece and people are selling ahead of that
because of the uncertainty."
http://www.foxbusiness.com/markets/2015/06/19/stocks-look-to-notch-fourth-straight-session-gains/[8/2/2015 2:56:02 PM]
Lip said, however, that any sharp selling because of developments on Monday could be
yet another buying opportunity for investors in U.S. stocks.
"If Greece leaves the union, that removes an uncertainty and is actually good for the
markets over the long run; if there is a resolution, that is also good," said Lip. "In some
way, whatever happens on Monday is a win-win and (a market selloff) is a buyable dip."
The Dow Jones industrial average <.DJI> fell 101.56 points, or 0.56 percent, to
18,014.28, the S&P 500 <.SPX> lost 11.48 points, or 0.54 percent, to 2,109.76 and the
Nasdaq Composite <.IXIC> dropped 15.95 points, or 0.31 percent, to 5,117.00.
For the week, the Dow gained 0.6 percent, the S&P added 0.7 percent and the Nasdaq,
which had closed at a record high on Thursday, rose 1.3 percent.
Utilities led the S&P 500 decline in percentage terms, down 1 percent as a group
<.SPLRCU> after gaining 2.7 percent over the previous three sessions.
A market debut fizzled, with shares of 8point3 Energy Partners <CAFD.O> down 2.4
percent at $20.49. It offered 20 million shares that priced at $21, the top-end of the filed
range.
ConAgra Foods' <CAG.N> shares jumped 10.9 percent to $43.37 after activist hedge
fund Jana Partners took a stake in the company. ConAgra's peer Pinnacle Foods
<PF.N> rallied 8.6 percent to $46.81 after earlier hitting a record high of $47.21.
Macerich <MAC.N> slumped 6.8 percent to $76.87. Sources told Reuters Simon
Property Group <SPG.N> was selling its ownership stake in the No. 3 U.S. mall
operator. Simon fell 1.3 percent to $179.48.
KB Home <KBH.N> rose 9.4 percent to $16.37 after the homebuilder's quarterly results
beat estimates.
Declining issues outnumbered advancing ones on the NYSE by 1,788 to 1,257, for a
1.42-to-1 ratio on the downside; on the Nasdaq, 1,557 issues fell and 1,254 advanced
for a 1.24-to-1 ratio favoring decliners. The S&P 500 posted 29 new 52-week highs and
2 new lows; the Nasdaq recorded 161 new highs and 40 new lows.
About 7.9 billion shares changed hands on U.S. exchanges, above the 6.03 billion daily
average so far this month, according to BATS Global Markets.

(Reporting by Rodrigo Campos; Editing by Nick Zieminski)
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8/2/2015
Search
SensexsnapseightdayrallyasGreecewoesresurfaceTheHindu
GO
BUSINESSMARKETS
Mumbai,June24,2015
SensexsnapseightdayrallyasGreecewoesresurface
PTI
ThebenchmarkBSESensexslippedby75pointsitsfirstfallinninedaysto27,729.67inlateselloffafternewsthatthecreditors
rejectedGreecesnewproposaltookatollonthemarket
ThebenchmarkBSESensexslippedby75pointsitsfirstfallinninedaysto27,729.67inlateselloffafternewsthatthecreditorsrejected
Greecesnewproposaltookatollonthemarketsentiment.
Aftertradinginpositivezoneformostpartoftheday,theindexplungedover200fromahighof27,948.24atthefagendtrackinglossesin
Europeanstocks.
GreekPrimeMinisterAlexisTsiprassaidsomecreditorshaventacceptedthecountrysproposalsforadeal.
TheinsistenceofcertaininstitutionsofnotacceptingparametricmeasureshasneverhappenedbeforenotinIreland,norinPortugal,
hewroteinaTwitterpost.
Traderssaidprofitbookingwaswitnessedinwinnersofrecentrally.
TheBSESensexafterapositivestarthitahighof27,948.24onsustainedbuyinglargelyintunewithabovenormalprogressinmonsoon.
However,itslippedtowardsthecloseonnegativeglobalcuesandtouchedthedayslowof27,647.29,beforesettling74.70pointsor0.27per
centdownat27,729.67.
Inpreviouseightsessions,BSEbarometerhadzoomedby1,433.39pointsor5.4percentasbetterthanforecastedmonsoonraisedhopes
ofaratecutbyRBI.
The50shareNSENiftyafterreclaimingthepsychological8,400markinearlytradetouchedthesessionshighof8,421.35,succumbedto
profitbookingandsettled20.70pointsor0.25percentlowerat8,360.85.
ParticipantsalsopreferredtotrimpositionsaheadofThursdaysJunemonthsexpiryinthederivativessegment.
HindalcowasthebiggestloserontheSensexwithafallof3.70percent,followedbyTataSteelby2.98percent.
Outof30Sensexstocks,24settledinnegativezone.
Meanwhile,foreigninvestorssoldsharesworthRs374.97croreonTuesday,asperprovisionaldata.
Globally,amongotherAsianmarketsJapansNikkeiendedat18yearhighs.
Printableversion|Aug3,201512:48:16AM|http://www.thehindu.com/business/markets/sensexsnapseightdayrallyasgreecewoes
resurface/article7350314.ece
TheHindu
http://www.thehindu.com/business/markets/sensexsnapseightdayrallyasgreecewoesresurface/article7350314.ece?css=print
1/1
Wall Street Ends Broadly Lower on Greek Debt Concerns | Fox Business
MARKET UPDATE
Wall Street Ends Broadly Lower on Greek Debt

Concerns
Published June 24, 2015 Reuters
(REUTERS)
U.S. stocks closed lower on Wednesday, dropping in a broad decline as the outcome of
negotiations between Greece and its international creditors remained up in the air,
prompting investors to drop riskier assets like equities.
Wall Street has lately taken its cue from the situation in Greece, which needs fresh funds
to avoid defaulting on a $1.8 billion debt repayment to the IMF on June 30.
Greek Prime Minister Alexis Tsipras recently announced tax and reforms proposals,
which market participants took as a sign of progress. But creditors demanded sweeping
changes to the proposals on Wednesday, adding fresh uncertainty to talks aimed at
unlocking aid to avert a debt default next week.
http://www.foxbusiness.com/markets/2015/06/24/us-stock-index-futures-lower-ahead-gdp/[8/2/2015 2:57:22 PM]
"The optimism we had about getting close to a deal has faded. That doesn't mean we
won't get one, but insiders seem less confident than they were a few days ago," said Phil
Orlando, chief equity market strategist at Federated Investors in New York.
"If Greece defaults, the economic impact on the U.S. will be relatively minor, but the
headline risk will be significant and could lead to a drop of 5 or even 10 percent" in the
S&P 500.
The U.S. Commerce Department said gross domestic product fell at a 0.2 percent annual
rate in the January-March quarter, instead of the 0.7 percent it estimated last month.
Investors have been keeping a keen eye on economic data to see if the U.S. economy
has recovered from a slow start at the beginning of the year. The Federal Reserve has
said it remains data-dependent and expects to raise rates when it sees a sustained
rebound in the economy.
The Dow Jones industrial average <.DJI> fell 178 points, or 0.98 percent, to 17,966.07,
the S&P 500 <.SPX> lost 15.62 points, or 0.74 percent, to 2,108.58 and the Nasdaq
Composite <.IXIC> dropped 37.68 points, or 0.73 percent, to 5,122.41.
All of the 10 major S&P 500 sectors were lower, with the materials index <.SPLRCM>
leading declines with a 1.3 percent drop.
Monsanto <MON.N> fell 5.7 percent to $106.32 as the S&P's biggest percentage decliner
after the seed company said it would still pursue an acquisition of Swiss rival Syngenta
even as it warned of market challenges ahead.
Netflix <NFLX.O> dipped 0.4 percent to $678.61 after investor Carl Icahn said his firm
had sold the remainder of its stake in the company. The stock moved on heavy volume
of nearly 11 million shares, the most active day for the stock since April, a day after the
video-streaming company's board approved a seven-for-one stock split.
Lennar <LEN.N> rose 4.2 percent to $51.06. The second-largest U.S. homebuilder
reported a better-than-expected 33 percent jump in quarterly profit as it sold more
homes at higher prices.
Declining issues outnumbered advancing ones on the NYSE by 2,154 to 880, for a 2.45to-1 ratio on the downside; on the Nasdaq, 1,987 issues fell and 784 advanced for a
2.53-to-1 ratio favoring decliners.
The S&P 500 posted 17 new 52-week highs and 4 new lows; the Nasdaq recorded 113
new highs and 27 new lows.
About 5.5 billion shares traded on all U.S. platforms, according to BATS exchange data,
below the month-to-date average of 6.1 billion.
(By Ryan Vlastelica; Editing by Nick Zieminski)
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6/29/2015
BrentCrudeOil
$62.01
1.25
2.02%
2015.06.29endofday
WTICrudeOil
$58.33
1.30
2.23%
2015.06.29endofday
Commodities
Crude Oil
58.33
-2.23%
Natural Gas
2.81
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2.03
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1.84
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1178.50
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15.66
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2.64
2015.06.29 end-of-day
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2015.06.29$58.33 1.302.23%
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1/1
Dow Plunges 350 Points, Worst Drop of 2015, Amid Ongoing Greek Crisis | Fox Business
EUROPE
Dow Plunges 350 Points, Worst Drop of 2015, Amid

Ongoing Greek Crisis
By Victoria Craig Published June 29, 2015 FOXBusiness
REUTERS/Neil Hall

U.S. equity markets posted their biggest selloff of the year Monday amid the ongoing
crisis in Greece as investors weigh the possibility of the nation's exit from the eurozone.
The Dow Jones Industrial Average plunged 350 points, or 1.95% to 17596. The S&P 500
shed 43.9 points, or 2.09% to 2057, while the Nasdaq Composite dropped 122 points, or
2.4% to 4958.
Both the Dow and S&P 500 slipped into negative territory year-to-date with Mondays
http://www.foxbusiness.com/markets/2015/06/29/us-equity-futures-tumble-as-greek-crisis-worsens/?intcmp=bigtopmarketfeaturesside[6/29/2015 7:46:00 PM]
selloff. All ten S&P 500 sectors were in the red led by a steep drop in banks and
brokers.
S&P 500 Index (Closing) - 1 Year | FindTheData
Todays Markets
More on this...
Greek crisis hits markets
Greece closes banks for six business days
Have markets already priced in potential Greek exit from euro zone?
Greeces financial system teetered on the brink of collapse, hurtling Monday toward a
potential exit from the eurozone after weeks of negotiations between the nation and its
creditors failed to yield any result.
Eurozone leaders met on Saturday in a last-ditch effort to hammer out a bailout deal, but
Greek Prime Minister Alexis Tsipras refused to accept a deal that would have the nation
cut pensions and raise taxes a combination Tsipras has remained steadfast in
believing would worsen the nations financial distress. Rather than accepting the terms
of the bailout, the Greek leader, in a surprise announcement, said the offer would e
taken to the Greek people in a referendum on July 5.
On Sunday, Greece initiated capital controls on its banks in order to stem withdrawals in
an effort to limit the strain on its financial system. Banks, and the nations stock market,
are set to remain closed throughout the week, while ATMs will reopen on Tuesday. In
the meantime, a 60 euro cap per person per day was enacted on all cash withdrawals
for the foreseeable future.
Failure by Greece to reach a deal with its creditors would result in a default on 1.6 billion
euros in loans from the International Monetary Fund, a payment that comes due on
Tuesday.
Peter Kenny, chief market strategist at ClearPool Group, said whats happened in Greece
is historic, and he put the odds on a Greek exit from the eurozone at well above 50%.
But he said thats not the part market participants are necessarily reacting to right now.
Everyone has come to terms with the demands from the ECB and the IMF as not
achievable, so markets are well positioned to understand or expect Greece to exit the
EU at some point, he said. The real problem is what it will cost the ECB, specifically
Germany. And secondarily, what does this mean for other periphery economies that are
really joining this chorus of wanting to leave the EU? You can see this most easily in
Spain. The EU cant afford a country the size of Spain in terms of GDP to leave.
Thats the real worry.
The news ricocheted across the eurozone on Monday sending the Euro Stoxx 50, an
index that tracks large-cap stocks in the eurozone, plunging 4.2% to 2468. Meanwhile,
the German DAX dropped 3.5% to 11083, the French CAC 40 slid 3.7% to 4889, and the
FTSE 100 shed 1.97% to 6620.
In Asia, despite interest rate cuts and a lower reserve requirement ratio by the Peoples
Bank of China, the Shanghai Composite index fell into bear-market territory, a 21.54%
drop from a multi-year high of 5166 notched on June 12. The move lower comes amid
concerns valuations were stretched after a sharp rally over the last 12 months. The
Shanghai Composite tumbled 3% during the session, closing at 4053. Elsewhere in
Asia, Hong Kongs Hang Seng index saw a 2.6% drop to 25966, while Japans Nikkei
225 dropped 2.8% to 20109.
As a sign of the rising concerns on Wall Street, the VIX -- a measure of implied volatility - surged 37% on Monday. Thats the biggest gain since February, and the highest level in
four-and-a-half months.
Meanwhile, traders also bid up safe-haven assets including 10-year Treasury bonds and
German bonds. Investors also sought safety in the utilities sector, which declined the
least.
Across the world in the U.S., it was a quiet day ahead on the economic-data front.
Investors got the latest read on the housing market with the release of May pending
home sales data. The National Association of Realtors reported contracts to buy
previously-owned homes rose 0.9% for the month, below a 1.2% expected increase.
It's a July Fourth holiday-shortened week for U.S. traders, but a big economic release
looms on the horizon at the end of the week: The June jobs report. Its an important read
on the economy as it will be closely-watched by the Federal Reserve, which is expected
to begin raising interest rates in September from historic lows. Analysts are expecting
another strong month of strong job creation, with more than 250,000 new jobs and a
drop in the unemployment rate to 5.4%.

Still, it's all about Greece -- at least for now, according to BTIG Chief Strategist Dan
Greenhaus.
"Wed like to tell you the nonfarm payroll report on Friday is important just as wed like to
remind people that earnings are starting to roll out with greater frequency. And both do
matter. But this is likely to be a week of 'will they or wont they' as we watch every poll in
Greece for indications. A 'yes' vote would almost surely result in a cabinet reshuffling if
not Tsipras outright resignation while a 'no' vote probably means Grexit," Greenhaus
wrote in a note Sunday evening.
Kenny expects Greece to continue to weigh on U.S. equity markets at least through the
middle part of next month.
The Greek economy is a sieve. Its leaking everywhere. So even once banks have
opened after July 6, were going to see capital outflows accelerate. That story will
dominate the U.S. equity narrative at least through then, and be a top-tier driver of
markets for well past mid-July, and be a primary driver until then, he said.
Joy added that while the U.S. economy appears to be continually picking up steam,
Greece could still play into the central banks decision in the latter half of the year if its
still causing stress in the markets.
The central bank will be mindful of stretch related to Greece and whether it requires
some sort of ongoing liquidity provisionsits something the Fed will be mindful of, he
said. No one expects to see higher rates until September, so theres still a long time to
go, its a tangential issue. But the Fed will keep an eye on the progression in
negotiations in Greece.
Looking at currencies, the euro fell 0.15% against the U.S. dollar.
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This material may not be published, broadcast, rewritten, or redistributed. FOX News Network, LLC. All rights
6/29/2015
Sensextanks600pointsintradayTheHindu
BUSINESSMARKETS
MUMBAI,June29,2015
Sensextanks600pointsintraday
OOMMENA.NINAN
ConcernsoverGreecedebtcrisistriggeringcontagioneffectonothercountrieslikePortugal,SpainandItaly,thrashedthehopesofthe
recoveringstockmarketsasthebenchmarkSensexdippedmorethan600pointsintheintradayonMonday.
Therupee,however,lost20paiseat63.84perU.S.dollarcomparedtothepreviousclose
TheBSE30shareSensitiveIndex(Sensex)dippedby602.65intheintradaybeforeclosingwithalossof166.69pointsor0.60percentat
27645.15.
ThebroaderindicestoodippedasBSE100wasdownby0.82percentandBSE200lost0.86percent.Whilemidcapstocksclosedsharply
downby1.37percent,thesmallcaplost1.49percent.
OntheNationalStockExchange(NSE),the50shareNiftywasdownby62.70pointsor0.75percenttocloseat8318.40.
GreecesdecisiontoholdareferendumonJuly5hasincreasedtheoddsofitexitingtheEurozone,said.VinodNair,HeadFundamental
Research,GeojitBNPParibasFinancialServicesLtd.
Mr.NairsaidtheIndianmarkethadshownstrongresiliencebyrecoveringwellfromthedayslow.Globalinvestorswouldbeatariskoff
modebythetimefinaloutcomeoftheGreecereferendumwouldbeunderstood.
CompulsionsandcommoninterestofGreeceandEuropeanUnionwillensurethattherewillbemanyswingsinthesagakeepingthesafe
heavenlikeGermanandSwissBondsindemand,Eurounderpressureandglobalequitymarketsvolatile,saidNileshShah,Managing
DirectoratKotakMutualFundontheGreecesituation.
However,Mr.ShahpointedoutthatIndianmarketswouldwitnesslittlelowervolatilitythanpeersasweareleastimpactedfromthe
unfoldingeventsinGreeceandEuropeanUnion.
HesaidthatcertainstocksinIT,pharmaceuticalsandautoancillarieshavingsignificantexposuretoEurowouldunderperformthemarket.
SincetheGreecedebtcrisisissuewasknownforsometime,itwasunlikelytocauseasmuchcorrectionasthe2008globalfinancialcrisis,he
added.
Mr.ShahalsosaidthatequitymarketswhilecorrectinginlinewithpeersonMondaywouldbemoreimpactedbyhowmonsoonbehavesin
July,andhowmonsoonsessionofParliamentisabletolegislatebillssuchasGSTandLandAcquisitionandhowJune2015quarterlyresults
panout.
Printableversion|Jun30,20155:22:13AM|http://www.thehindu.com/business/markets/sensextanks600points
intraday/article7367716.ece
TheHindu
http://www.thehindu.com/business/markets/sensextanks600pointsintraday/article7367716.ece?css=print
1/1
7/2/2015
BrentCrudeOil
$62.01
1.58
2.55%
2015.07.01endofday
WTICrudeOil
$56.96
2.51
4.41%
2015.07.01endofday
Commodities
Crude Oil
56.96
-4.41%
Natural Gas
2.78
-1.76%
Gasoline
2.01
-2.12%
Heating Oil
1.84
-2.75%
Gold
1169.00
-0.21%
Silver
15.55
Copper
2.64
2015.07.01 end-of-day
+0.46%
Add to your site
Price
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2015.07.01$56.96 2.514.41%
1YearForecast
$65/Barrel
1/1
7/6/2015
StocksFallAmidPersistingGreekUncertainty|FoxBusiness
LOGIN
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MorningOutlook
MARKETUPDATE
StocksFallAmidPersistingGreekUncertainty
ByVictoriaCraig
69
131
27
PublishedJuly06,2015
FOXBusiness
(REUTERS)
FOXBusiness:ThePowertoProsper
U.S.equitymarketsfellonMonday,adayaftertheGreekpeoplevotedoverwhelminglyinoppositionofeconomicreforms
demandedbythenationseurozonecreditors.
TheDowJonesIndustrialAveragefell46points,or0.26%to17683.TheS&P500lost8points,or0.39%to2068,while
theNasdaqCompositeshed17points,or0.34%to4991.
TodaysMarkets
ThefocusonWallStreetremainedinGreeceMondayaftermorethan61%ofvotersthere,inaSundayreferendum,casta
ballotagainstbailoutdemandsfromthenationsEuropeancreditorsthatincludedarangeofausteritymeasuresincluding
highertaxesandpensionreforms.
WhiletheinitialreactioninU.S.equitymarketswasdecidedlynegative,sentimentturnedaroundbymiddayastraders
triedtogaugewhatmightbeonthehorizonforGreeceanditslenders.
Moreonthis...
http://www.foxbusiness.com/markets/2015/07/06/aftergreeksvotenousequityfuturesfall/?intcmp=bigtopmarketfeaturesside
1/9
7/6/2015
Teslanearalltimehigh
GreecenotaLehmaneventforEurope?
WilburRoss:ContinuetobeinvestedinGreekbank
NickKalivas,seniorequityproductstrategistforInvescoPowerShares,saidwhilethefearisthatthereferendums
outcomewouldresultinasocalledgrexitforGreecefromtheEU,whichwouldpotentiallycausecontagionandwreak
havoc,tradersarebettingmoreontheoddsofadeal.
Thebignegativeistheuncertainty.Peoplearejustnotsurewhatsgoingtohappen,orhowitllplayoutandthats
removingthebidmorethancausingpeopletosell,Kalivassaid.Soitsuncertaintythatsreallyweighingonthemarket,
andtosomedegree,keepingpeopledistractedfromfocusingonearnings,M&A,andothermoremarketorienteddrivers.
Addingtotheuncertainty,Greecesfinanceminister,YanisVaroufakisannouncedearlyMondayhewillstepdownfromhis
post,sayinghewillwearthecreditorsloathingwithpride.Asuccessorhasnotyetbeenformallynamed,howevermedia
reportsindicateEuclidTsakalotos,Greecesdeputyforeignminister,willreplaceVaroufakis.
InanotelateSunday,Barclayseconomicsteamsaidinlightofthereferendumresults,andfailuretonegotiateadealwith
theEUuptothispoint,Greecesexitfromtheeurozoneisthemostlikelyscenario.
AgreeingonaprogrammewiththecurrentGreekgovernmentwillbeextremelydifficultforEAleaders,giventheGreek
rejectionofthelastdealofferedandwillbeadifficultsellathome,thenotesaid.
TheEuropeanCentralBanksgoverningcouncilwillmeetMondaytodiscussemergencylendingoptionsforGreece.Inthe
meantime,GermanChancellorAngelaMerkelandFrenchpresidentFrancoisHollandeweresettomeetinParison
Monday,withameetingofeurozoneleadersplannedforTuesdayinBrussels.
AtTuesdaysmeeting,whereeurozoneleadersareexpectingGreecetocometothetablewithsuggestionsforhowto
moveforward,Kalivassaidtherearethreemostlikelyoutcomes:EUwillprovideliquidity,theEUwillprovideliquiditywith
abiggerhaircutonthedebtor,orthegroupwontprovideanyemergencyaidatall.
Thatsthemilliondollarquestionhere,hesaid.Myguessissincetheresameetingtomorrowtheymightthrowalifeline
atGreeceingoodfaithtokeepthingsgoing.Butitprobablywontbesignificantenoughtochangethepotentialoutocome
downtheroadthenextroundofsupportwilleitherbemoreaggressivewiththestatusquo,ortheyjustbackoutandlet
chaosreignintheGreekfinancialsystem.
Fornow,WindhavenInvestmentManagementChiefInvestmentStrategistDr.ChristianMenegattisaidforthetimebeing,
Greeceisstuckintheeurozonewithafewmoreroundsofnegotiatingtoplay.
Theycantexitbecausetherearenoprovisionsinthetreaty,eveniftheyreforcedtoissueIOUs[onpensionpayments]
thosewillbeinstruments,notcurrency.Theyllgobacktothenegotiatingtable,henoted.However,thelongerbanksare
closed,andthesystemisilliquid,thehigherrisktheyllbeforcedintomakingIOUslegaltender.
Inthemeantime,theInternationalMonetaryFundsManagingDirectorChristineLagardesaidinastatementMondaythe
IMFhastakennoteofthereferendumsresults.
WearemonitoringthesituationcloselyandstandreadytoassistGreeceifrequestedtodoso,shesaidinthestatement.
FearofuncertaintywasfeltacrossEuropeanmarketsonMonday.TheEuroStoxx50,whichtrackslargecapstocksinthe
eurozone,dropped2.22%to3365,theGermanDaxshed1.52%to10890,theFrenchCAC40lost2.01%to4711,while
theUKsFTSE100traded0.76%lowerto6535.
2/9
7/6/2015
Meanwhile,aftertheShanghaiCompositefellintobearmarketterritorylastweekafterarecent30%plunge,onSunday
Chinaunveiledunprecedentedstepstopreventastockmarketcrash.ThemovehelpedsendtheShanghaiCompositeup
2.41%to3775.
ElsewhereinAsia,HongKongsHangSengdropped3.67%to7610,whileJapansNikkeished2.08%to20112.
AsstockmarketsacrosstheglobereactedtothecontinuingturmoilinGreece,traderssoughtshelterinsafehavenassets.
Theyieldonthebenchmark10yearU.S.Treasurynotedropped0.11percentagepointsto2.28%.Bondyieldsmovein
theoppositedirectionofprices.
ItsalightweekforeconomicdataintheU.S.Mondaytradersdigestedthelatestreadingonservicesectorgrowthfrom
theInstituteforSupplyManagement.TheISMgaugetickedhigherto56inJunefrom55.7inMay.Thereading,however,
cameinshyofexpectationsforariseto56.2.Readingsabove50indicateexpansion,whilethosebelowpointto
contraction.
Laterintheweek,traderswillgetthelatestlookatconsumercredit,wholesaletrade,andtheminutesfromtheFederal
Reserveslastpolicymeeting.
After167years,itstheendofaneraformostopenoutcryfuturestradingpitsinNewYorkandChicagoastheyclose
MondayafteradecisiontoshutterthemcameinFebruarybytheworldslargestfuturesmarketoperator,theCMEGroup
(CME).Thepitswereoncehometofrenziedtraderswhoboughtandsoldarangeoffuturescontractsincludingcattle,
corn,gold,andothercommodities.
Overtheweekend,Aetna(AET)agreedtobuysmallerrivalHumana(HUM)ina$37billioncashandstockdealthe
largesteverinsurancetieup.
Meanwhile,incommodities,U.S.crudeoilpricestumbled7.73%to$52.53perbarrel,thelargestonedaylossforNymex
WTIfuturessinceFeb.4.Brentcrudesawa6.34%declineto$56.98perbarrel.Goldsawa0.52%tickhigherto$1,169
pertroyounce.
Incurrencies,theeurofell0.33%againsttheU.S.dollar.
FollowVictoriaCraigonTwitter@VictoriaCraig.
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NOKOOLAID4METKS
6hoursago
I'msuretheFedswereintherebuyingtopropupthemarket....they
knowwhenthiscomingcrashgetsstarted...itgoingtothebottom!!!
Like
spectre007
Reply
8hoursago
Idon'tseeanychangeinourstocks...bigdealtheyareoff40points
notunusualforthestockmarket...
2 Like
NOKOOLAID4METKS
Reply
6hoursago
@spectre007JustlikeChina,ourGovernmentisinthe
marketproppingitup!!!
Like
SonofAdam
Reply
9hoursago
IforeseeGreeceturningaround,gettingoutofdebt,andkissingthe
EUgoodbye.
1 Like
Azorin
Reply
10hoursago
Greece:Weshallspendotherpeople'smoneylikedrunkensailorsand
thendiginourheels...
2 Like
roberttabbott
Reply
10hoursago
401KWasafantasticretirementplanthegovernmentsaidsoare
investmentexpertssaidsoandweboughtintoit.Asalwaystheywere
5/9
7/6/2015
investmentexpertssaidsoandweboughtintoit.Asalwaystheywere
righttheymadebillionsandwelostourretirementfunds.Theydidthe
samesortofgamestheworldover.Greecedeserveswhatitgotwall
streetwillspendtheillgottengainsmuchwiserthanthemiddleclass.
Like
WillieHarris
Reply
10hoursago
IamnotsympathetictothepredatorylendingpracticesofGermany
andFrance.Theyarejustsleazyloansharkslikethepaydaylenders
andthestudentloanscammers.IhopetheGreekstakethemtothe
cleaners.
1 Like
WillieHarris
Reply
10hoursago
A55pointdeclineontheDowispeanuts.Whythedoomandgloom?
3 Like
1HonestJohn
Reply
10hoursago
@WillieHarrisbillionsofpotentialdefaultsonthehorizon
Like
NASAMAN
Reply
9hoursago
@1HonestJohn@WillieHarrisBankruptcycourtswill
befloodedsoon.
Like
Azorin
Reply
10hoursago
@WillieHarrisEspecially,ifitisn'tyourmoney,right?
Like
Joohnn
Reply
11hoursago
MostofthesmartandproductiveGreeksleftalongtimeago.Wesee
liberalismatit'sfinesthere,whereGreeksactuallyexpectGermanyto
supportthem....lol
2 Like
ZO666
Reply
11hoursago
Greece,AwellthoughtoutLiberalSocialiststrategy....Toppedwiththe
usualdeceitandCorruption...remindyouofanywhere...?
2 Like
JB07
Reply
12hoursago
Americaiswaitingfortheshoefallonitsfeet
1 Like
Reply
6/9
7/6/2015
alwaysfaithful01
12hoursago
IthinkweshouldjustbuyGreeceandbedonewithit!
Like
lynnhalle
Reply
12hoursago
Ireallydon'tthinktheAmericanStockMarketshouldbeaffectedwith
whatishappeninginGreece.IdothinktheStockMarketistoohigh
withthehighdebtandandlackofindustrialjobshereinAmerica.So
perhapsWallStreetisusingthissituationtocorrectitself.Thebiggest
mistakeAmericansmadewasgivinguppensionsforthe401K's.
Peoplearegoingtobeforcedtoworkforeverbecausetheywon't
haveenoughmoneytoretire....unlessyouareaFederalEmployeeand
getretirementpay.
Like
buddman57
Reply
12hoursago
HeyPrezidentObammieareyoupayingattention??????
Youcan'tborrowthecountryoutofdebtThebankofChinawillrefuse
1 Like
ObamaJurkoff
Reply
13hoursago
Obamahasusheadeddownthesamepathoffinancialdevastationas
Greece.
5 Like
theredhawk
Reply
11hoursago
@ObamaJurkoffPossiblybecausehestillneedsaCrash
CourseonthefactthatSOCIALISMDOESNOTWORK....
2 Like
mohawk51
Reply
13hoursago
Itwillbeaninterestingdayforsure.
Like
ZO666
Reply
13hoursago
TheGreekpeoplehavehadenoughofthecorruptionandcontrol
causingthedestructionofthefreeworld.
Like
billt460
Reply
13hoursago
Thisisn't,"kickingthecan",it'slikekickingananvil.Thesadthingis
we'reheadingintheexactsamedirection.
3 Like
repsnow
Reply
13hoursago
7/9
7/6/2015
repsnow
13hoursago
Weareheadedinthesamedirectionexceptwhenithappenstousit
willhaveadevastatingglobaleffect.Thisisaprimeexampleofwhat
anentitlementmentalitywillproduce.
3 Like
survivor50
Reply
14hoursago
SotheGreekeconomywillbringdowntheentireworldeconomy...
Whoknew???Theyaresoooopowerful!!!
EuropeanUnion...remindsmeofU.N....UNITEDNOTHING...
2 Like
AbelGarcia
Reply
14hoursago
Greeceprovesyoucan'tspendyouwaytoprosperity!
2 Like
theredhawk
Reply
11hoursago
@AbelGarciaTellthattothePRGRESSIVEUNEDUCATED
VOTINGLIBERALS!
1 Like
greggebhardt
Reply
14hoursago
Letthemknowbankruptcy!
SoonerorlaterAmericawillknowthesame!
2 Like
Reply
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Thismaterialmaynotbepublished,broadcast,rewritten,orredistributed.FOXNewsNetwork,LLC.Allrightsreserved.Allmarketdatadelayed20minutes.
9/9
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BrentCrudeOil
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9.78%
2015.07.06endofday
WTICrudeOil
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4.40
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Crude Oil
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-8.38%
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2015.07.06$52.53 4.408.38%
1YearForecast
$60/Barrel
1/1
7/8/2015
Search
Sensexcrashes483pointsonChineserout,GreeceworriesTheHindu
GO
BUSINESSMARKETS
Published:July8,201516:46IST|Updated:July8,201516:58IST
Mumbai,July8,2015
Sensexcrashes483pointsonChineserout
PTI
PTI
StockbrokersattheBSEreactastheSensexdeclinedbyover400pointsinMumbaionWednesday.
ThisisthebiggestonedayfalloftheSensexsinceaplungeof661pointsrecordedoveramonthagoonJune2.
StockmarketbenchmarkSensexonWednesdaytumbledover483points,itsbiggestfallinoveramonth,tosettlebelowthe28,000levelas
routinShanghaisharesandfearsofGreekseurozoneexitrattledinvestors.
Withinvestorsindulginginwidespreadselling,includinginmetalandautoshares,theNSEbenchmarkNiftyalsocrashedbelow8,400point
mark.
AfreshweaknessintherupeeagainsttheUSdollaralsodampenedthetradingsentiment,equitybrokerssaid.
Investors'sentimenthit
InvestorsentimentwasbadlyhitfollowingamajorselloffinotherAsianmarketswithanearly6percentcrashinShanghaidespite
additionalmeasuresannouncedbythegovernmenttoshoreupthetumblingmarket,theyadded.
The30shareindexcommencedloweranddippedbelowthepsychological28,000marktotouchalowof27,635.72beforeendingat
27,687.72,afallof483.97points,or1.72percent.
ThisisthebiggestonedayfalloftheSensexsinceaplungeof661pointsrecordedoveramonthagoonJune2.
Sellingwaswidespreadinthemarket,whichpulleddownallthesectoralindicesbyupto3.89percent.
ThebroaderNSENiftyalsosuccumbedtoallroundsellingandslippedbelowthe8,400marktoclosethesession147.75points,or1.74per
cent,tocloseat8,363.05.
Intraday,ithoveredbetween8,457.50and8,341.40.
http://www.thehindu.com/business/markets/sensexcrashes483pointsonchineseroutgreeceworries/article7399326.ece?css=print
1/2
Stocks Pull Back Amid NYSE Halt, China Jitters | Fox Business
MARKET UPDATE
Stocks Pull Back Amid NYSE Halt, China Jitters
By Victoria Craig, Matthew Rocco Published July 08, 2015 FOXBusiness
(Reuters)

Stocks traded solidly lower on Wednesday after a technical issue brought trading to a
halt on the New York Stock Exchange for more than three hours.
The Dow Jones Industrial Average tumbled 261 points, or 1.47% to 17515. The S&P 500
lost 34 points, or 1.66% to 2046, while the Nasdaq Composite fell 87 points, or 1.75% to
4909.
All ten S&P 500 sectors were in negative territory, with energy and materials leading the
way lower.
Todays Markets
http://www.foxbusiness.com/markets/2015/07/08/us-stock-futures-indicate-sharply-lower-open/?intcmp=bigtopmarketfeaturesside[7/8/2015 6:08:06 PM]
Trading on the NYSE was stopped around 11:30 a.m. ET and remained in a holding
pattern until 3:10 p.m. ET. All open orders at the time were cancelled.
More on this...
SEC, FBI & Rival Exchanges Respond to NYSE Shutdown
NYSE Trading Suspended by Nearly Four-Hour Outage
Dick Grasso on NYSE trading halt
Could NYSE tech issues be caused by cyber breach?
GM CEO: Still focused on China, its an important market
Despite the NYSE halt, action on Wall Street continued. The exchange said its allelectronic ARCA and options markets remained open. The Nasdaq declared self-help
against the NYSE and rerouted trades to other exchanges. In the last 30 minutes before
the closing bell, NYSE composite volume was sitting 8% above its one-month average.
Shares of Intercontinental Exchange (ICE), the NYSEs parent company, fell 2.4%.
Under any circumstances where there is an unexpected trading halt, much less NYSE
floor wide, investors and the broader market landscape are given an unexpected
variable to price. That is rarely a positive and tends to undermine confidence, Peter
Kenny, chief market strategist at Clearpool Group said. Liquidity has enormous value to
investors. Trading halts deny investor access to that liquidity.
The broader market was down in negative territory from the start of the session, with
jitters over China and Greece persisting. The VIX index, a reflection of market anxiety,
jumped 22% to post its highest close since January.
Traders in the U.S. turned their focus to China where the Shanghai Composite closed 6%
lower after an 8.2% plunge at the open. The move comes as the nations stock market
dives deeper into bear market territory, which it entered last week after sinking more
than 30% in the last month.
Over the weekend, the Chinese government attempted to prop up the market with a
range of measures, and so far trading in more than 40% of the market there has been
suspended. On Wednesday, Chinas government said it plans to spend $40.3 billion in
the weakest areas of the nations economy, and work to speed up large public service
projects like road construction. Further, regulators said they would ease rules for
insurers to buy up blue chips, while state-owned companies should wait to sell any
holdings in public companies.
But the support hasnt seemed to do much to encourage investors.
A spokesperson for the China Securities Regulatory Commission in a statement
Wednesday, called the selloffs in the market irrational, and described the market mood
as panic sentiment. According to media reports, Chinas securities regulators enacted
a ban on major shareholders, corporate executive and directors to prevent them from
selling their stakes in public companies for six months.
So far, the Chinese policymakers actions have been ineffective and a bit puzzling,
Michael Block, chief strategist at Rhino Trading Partners wrote in a note. I see all of
these stocks halted and am shaking my head, thinking that this will solve nothing.
He noted the actions are similar to those taken in the U.S. back in 2008.
U.S. regulators banned short selling in financial stocksonly to see all of those stocks
collapse and make new lows in February to March 2009. The rest was history, but those
months were scary times, he said.
Elsewhere in Asia, Hong Kongs Hang Seng dropped 5.84% to 23517, while Japans
Nikkei fell 3.14% to 19737.
Meanwhile, Greece was given a final ultimatum: Bring a viable proposal for debt relief to
the table, or face an exit from the eurozone, and on Wednesday, Greek Prime Minister
Alexis Tsipras sent a letter to European leaders requesting an additional three-year
emergency loan. In exchange, Tsipras promised to enact tax and pension reform.
In a statement, Tsipras said the proposal is socially just and should be a workable
agreement for both Greece and its other eurozone members.
This framework includes credible reforms that respect social justice. It also includes a
commitment to sufficiently cover the financial needs of the country in the medium-term, a
strong investment package to address the major problems mainly unemployment as
well as the commencement of a real discussion on the necessary debt restructuring, the
statement said.
Amid the ongoing drama overseas, European markets traded in positive territory. The
Euro Stoxx 50, which tracks large-cap companies in the eurozone, rose 1.01% to 3327.
Meanwhile, the German Dax climbed 0.66% to 10747, the French CAC 40 rose 0.75% to
4639, while the UKs FTSE 100 traded up 0.91% to 6490.
In currencies, the euro rose 0.51% against the U.S. dollar. The yield on the benchmark
10-year U.S. Treasury note fell close to 0.03 of a percentage point to 2.21%. Bond yields
move in the opposite direction of prices.
Meanwhile, after a nasty plunge in the prior session, commodities looked to take a
pause. U.S. crude oilcontinued trading to the downside, sliding 1.3% to $51.65 a barrel.
Brent crude fell 0.60% to $57.03 a barrel.
Gold also drifted higher, rising 0.8% to $1,162 a troy ounce. Copper, which is largely
seen as an economic barometer due to its broad industrial uses, touched its lowest level
in six years Tuesday, turned around on Wednesday, rising 1.9%.
In the U.S., the Federal Reserve released the minutes from its latest policy meeting. Most
members of the Federal Open Markets Committee are awaiting more proof that
Americans economic recovery will continue before raising interest rates.
Traders have kept a close eye on the FOMC minutes to gauge what members are
thinking as far as the timing and trajectory of interest rate hikes. Currently, rates remain
at historic lows. Many on Wall Street expect September to bring the first rate hike, while
some see a second hike as early as December.
On the corporate news front, Alcoa (AA) rose 0.7% in after-hours trading. The aluminum
maker kicked off earnings season with a second-quarter adjusted profit of 19 cents a
share, below the consensus estimate of 23 cents. Revenue was $5.9 billion, beating
calls for $5.8 billion.
Microsoft (MSFT) was down 0.1% after Redmond announced layoffs in positions related
to its phone business. The company said it would eliminated 7,800 jobs, and record a
$7.6 billion impairment charge related to assets from its Nokia Devices and Services
acquisition, as well as a restructuring charge between $750 million and $850 million.
Barclays (BCS) said on Wednesday its CEO Antony Jenkinswill depart the firm after
three years at the helm. The British bank said the move comes amid a strategic change
at the company where it looks to boost shareholder returns. Shares slipped 1.2%.
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7/10/2015
Search
Sensexdown114ptsaheadofTCSearningsTheHindu
GO
BUSINESSMARKETS
Mumbai,July9,2015
Sensexslipsfurther,down114ptsaheadofTCSearnings
PTI
AninvestorwatchesthestockpricesatascreenoutsidetheBSE.Photo:PTI
Thisisgaugeslowestclosing,sinceJune19andhasnowlost635.10inthreeconsecutivesessions.
TheBSEbenchmarkSensexfellover114pointstocloseatalmostthreeweeklowof27,573.66,asstocksledbytheITsectorretreatedon
cautionaheadofTCSresults,shruggingoffareboundinglobalmarkets,includingChina.
The30packindexhitthedayshighof27,798.13inearlytradeonvaluebuying,inrecentlybatteredbluechips.
However,higherlevelscouldnotbesustainedduetoselling,draggingdowntheSensexintothenegativezone,toalowof27,540.60before
ending114.06points,or0.41percent,downat27,573.66.
Thisisgaugeslowestclosing,sinceJune19andhasnowlost635.10inthreeconsecutivesessions.
The50shareNiftytoodropped34.50points,or0.41percent,toendat8,328.55.Duringintrasession,itmovedbetween8,400.30and
8,323.
Marketshowedsomesignsofrecoveryinearlytrade,largelyinlinewithafirmingtrendatotherAsianmarketsandreboundinChinese
stocksasthegovernmentannouncedmoremeasurestoarrestamarketslump,equitybrokerssaid.
Stocksareunabletomaintainhigherlevels,asmarketislackinganypositivetrigger,saidManojChoraria,aDelhibasedbroker.
Acautiousstancefromtheparticipantsbookingprofits,aheadoftheTCSearningsannouncementwipedoffearlygains.
OtherSensexlosersincludeVedanta,BajajAuto,TataMotors,NTPCandONGC.
Buckingthetrend,BHEL,L&T,Hindalco,HeromotoCorp,BhartiAirtel,LupinLab,ICICIBank,DrReddys,SunPharmaandSBInotchedup
gainsupto3.59percent.
Onthe30sharepack,20companiesclosedwithlosses.
Sectorwise,oil&gassufferedthemost,followedbyIT.
http://www.thehindu.com/business/markets/sensexdown114ptsaheadoftcsearnings/article7403551.ece?css=print
1/2
7/10/2015
Sensexdown114ptsaheadofTCSearningsTheHindu
Broadermarketswereaffectedtoo,withtheBSEsmallcapandmidcapindicesfallingupto0.33percent.
Globally,otherAsianmarketsendedhigherwithChinamainlandindex,ShanghaiComposite,rebounding5.76percentandEuropean
marketsshowingabettertrendinopeningtrade.
Printableversion|Jul10,201510:28:51PM|http://www.thehindu.com/business/markets/sensexdown114ptsaheadoftcs
earnings/article7403551.ece
TheHindu
http://www.thehindu.com/business/markets/sensexdown114ptsaheadoftcsearnings/article7403551.ece?css=print
2/2
7/14/2015
BrentCrudeOil
$57.85
0.88
1.52%
2015.07.13endofday
WTICrudeOil
$52.20
0.54
1.03%
2015.07.13endofday
Commodities
Crude Oil
52.20
-1.03%
Natural Gas
2.86
+3.28%
Gasoline
1.94
-3.96%
Heating Oil
1.72
-1.23%
Gold
1155.20
-0.22%
Silver
15.44
-0.21%
Copper
2.56
2015.07.13 end-of-day
+0.39%
Add to your site
Price
Change
2015.07.13$52.20 0.541.03%
1YearForecast
$60/Barrel
1/1
7/15/2015
BrentCrudeOil
$57.05
1.46
2.56%
2015.07.15endofday
WTICrudeOil
$51.41
1.63
3.17%
2015.07.15endofday
Commodities
Crude Oil
51.41
-3.17%
Natural Gas
2.92
+2.67%
Gasoline
1.86
-3.86%
Heating Oil
1.67
-3.35%
Gold
1147.20
-0.53%
Silver
15.03
-1.78%
Copper
2.53
2015.07.15 end-of-day
-0.55%
Add to your site
Price
Change
2015.07.15$51.41 1.633.17%
1YearForecast
$59/Barrel
1/1
7/20/2015
BrentCrudeOil
$56.65
0.45
0.79%
2015.07.20endofday
WTICrudeOil
$50.15
0.74
1.48%
2015.07.20endofday
Commodities
Crude Oil
50.15
-1.48%
Natural Gas
2.82
-1.66%
Gasoline
1.93
Heating Oil
1.66
-0.34%
Gold
1106.70
-2.27%
Silver
14.74
-0.51%
Copper
2.48
2015.07.20 end-of-day
-0.83%
Add to your site
Price
Change
2015.07.20$50.15 0.741.48%
1YearForecast
$57/Barrel
1/1
Wall Street Closes Lower on Disappointing Quarterly Results | Fox Business
MARKET UPDATE
Wall Street Closes Lower on Disappointing Quarterly

Results
Published July 21, 2015 Reuters
(Reuters)
U.S. stocks fell on Tuesday in the wake of results from IBM and United Technologies that
dampened early optimism over earnings season ahead of quarterly profits from tech
giants including Apple and Microsoft.
The Dow fell 1 percent, with IBM and United Tech contributing around 118 points to the
181-point drop. The decline marked the biggest percentage decline in about two weeks
for the blue-chip index.
IBM's shares were down 5.9 percent to $163.07, a day after the company's revenue
dropped for the 13th consecutive quarter and fell short of analyst expectations.
Fellow Dow component United Technologies tumbled 7 percent to $102.71 and was the
http://www.foxbusiness.com/markets/2015/07/21/futures-struggle-for-direction-amid-earnings-deluge/[7/21/2015 8:59:38 PM]
worst performer on the Dow after cutting its full-year profit outlook for the third time this
year.
"For the first time in a while, fundamentals seem to be driving the action today in an
otherwise very quiet macro backdrop and probably will continue to do so for the next
couple of weeks as we work through the heart of earnings season," said Ryan Larson,
head of U.S. equity trading at RBC Global Asset Management in Chicago.
After the closing bell, Microsoft lost 3.5 percent to $45.60 and Yahoo shed 1.8 percent to
$39 with Apple still expected to report. Strong earnings from technology companies have
helped drive gains on the Nasdaq, which has outperformed both the Dow and S&P 500
in July.
While markets are near record highs, June-quarter earnings of S&P 500 companies are
expected to dip 1.9 percent, according to Thomson Reuters data. That marks an
improvement from the expected decline of 3 percent on July 1, but well below the 5.9
percent gain forecast on Jan. 1.
So far, 70 percent have reported earnings above analyst expectations, above the 63
percent average beat rate since 1994.
However, 53 percent have topped revenue forecasts, below the 61 percent average beat
rate since 2002. U.S. companies are expected to post their worst sales decline in nearly
six years in the second quarter, in part due to the strong dollar that reduces the value of
U.S. companies' overseas income.
The Dow Jones industrial average fell 181.12 points, or 1 percent, to 17,919.29, the S&P
500 lost 9.07 points, or 0.43 percent, to 2,119.21 and the Nasdaq Composite dropped
Apple shares weighed on the Nasdaq, down 1 percent at $130.75. The company
experienced an outage with its App Store, Apple Music, iTunes Store and some other
services for more than three hours.
NYSE declining issues outnumbered advancing ones 1,841 to 1,217, for a 1.51-to-1 ratio
on the downside; on the Nasdaq, 1,630 issues fell and 1,130 advanced for a 1.44-to-1
ratio favoring decliners.
The S&P 500 posted 29 new 52-week highs and 26 new lows; the Nasdaq Composite
recorded 94 new highs and 114 new lows.

Volume was light, with about 6.05 billion shares traded on U.S. exchanges, below the
6.54 billion average so far this month, according to BATS Global Markets.
(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)
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7/21/2015
Search
Sensexplunges238pointsafterSunPharmassteepestfallTheHindu
GO
BUSINESSMARKETS
Mumbai,July21,2015
Sensexplunges238pointsafterSunPharmassteepestfall
PTI
PTI
TheSensexstartedthedayonaweakernoteat28,391.82.
ITexporterInfosysmayhavebeenthestaroftheday,butthebenchmarkBSESensexlostgroundheavily,weigheddownbysomelatesession
sellingpressure,whichendedtheday238pointslowerat28,182.14.
InvestorfocuswasonthemonsoonsessionofParliamentandheavyweightearningsasthemarkettradedsidewaysandfinallyclosedinthe
negativeterritory,saidAlexMathews,HeadResearch,GeojitBNPParibasFinancialServices.
Cautiousinvestorssteeredclearofhealthcare,realty,refinery,bankingandFMCGcounters.
SunPharmadealtthemaximumblow,plungingasmuchas15%,itsbiggestdailyfall,afterthecompanywarnedthatitsearningsnumbers
wouldbetepidatbest.
ButthesilverliningwasInfosyswhosestockzoomed11percentafterthecompanyreportedanearly5percentyoyincreaseinconsolidated
netprofitatRs3,030crorefortheJunequarter.ItsbullishrevenueguidanceliftedotherITstockstoo.
TheSensexstartedthedayonaweakernoteat28,391.82,butrecoveredimmediatelyto28,518.06onthebackofsolidforeigncapitalinflows
coupledwithInfosyspositiveshow.
Intraday,itfellto28,138.30beforesettlingat28,182.14,down237.98points,or0.84percent,largelyduetofagendprofitbookingby
participants.
The50shareNiftydropped74points,or0.86percent,tocloseat8,529.45aftertradingbetween8,517.90and8,646.75.
Ofthe30Sensexstocks,23endedlowerwhileonlysevennotchedupgains.
Printableversion|Jul22,20156:32:02AM|http://www.thehindu.com/business/markets/sensexplunges238pointsaftersunpharmas
steepestfall/article7448081.ece
TheHindu
http://www.thehindu.com/business/markets/sensexplunges238pointsaftersunpharmassteepestfall/article7448081.ece?css=print
1/2
Major Averages Close Lower as Tech Giants Drag | Fox Business
MARKET UPDATE
Major Averages Close Lower as Tech Giants Drag
By Victoria Craig Published July 22, 2015 FOXBusiness
(Reuters)

Tech heavyweights weighed on sentiment, and commodities felt a deeper crunch as oil
and gold continued their steep declines Wednesday.
The Dow Jones Industrial Average was 68 points lower, or 0.38% to 17851. The S&P
500 shed 5 points, or 0.24% to 2114, while the Nasdaq Composite shed 36 points, or
0.70 % to 5171.
Todays Markets
Tech juggernauts Apple (APPL) and Microsoft (MSFT) were among the main laggards on
the Dow Wednesday after the companies revealed quarterly earnings that disappointed
http://www.foxbusiness.com/markets/2015/07/22/futures-lower-as-apple-microsoft-weigh-on-market/?intcmp=bigtopmarketfeatures[7/22/2015 7:14:42 PM]
investors.
After the bell Tuesday, Apple unveiled headline results that beat forecasts, but it was the
current-quarter outlook and a miss on some iPhone sales targets in the fiscal third
quarter that had investors worried, and the stock plunging.
Apple said it sold 47.5 million iPhones during the quarter, but analysts had hoped for
sales around 49 million. The iPhone sales figure was a 35% increase from the year-ago
period, but a 22% drop from the companys fiscal second quarter. No details were given
on the companys watch sales. As for its upcoming fiscal fourth quarter, the tech
behemoth said it expects revenue to come in below estimates.
Apple shares closed the session 3% lower.
While investors are shedding their shares in the company, analysts at Cantor said
despite the weak numbers they still considers Apple a buy.
Apple is still in the midst of a transformational super cycle with the first new product
category in five years with the Apple Watch, a multi-year iPhone cycle given the larger
form factor, big momentum in China, potential new areas of innovation and a rapidly
expanding digital matrix, analysts wrote in a note.
Meanwhile, like its rival, despite a beat on the headline numbers, Microsoft booked a
$3.2 billion net loss as it was hit with charges related to its Nokia phone business, job
cuts and slowing demand for Windows. The technology companys shares ended down
3%.
Elsewhere on the corporate earnings front, Boeing (BA) and Coca-Cola (KO) were out
with their latest results ahead of the bell Wednesday.
The aerospace giant handily beat Wall Street expectations with earnings per share of
$1.62 on sales of $24.5 billion topping forecasts for $1.37 cents a share on revenue of
$24.22 billion.
Coca-Cola also revealed a beat on both lines for the second quarter. Profits of 63 cents
topped views by three cents, while revenue of $12.16 billion beat forecasts for $12.06
billion.
Boeing and Coca-Cola shares also climbed higher in recent action.
After the closing bell, investors were set for a peek at results from Qualcomm (QCOM),
Texas Instruments (TXN), and American Express (AXP).
Baker Hughes (BHI) and Halliburton (HAL) shares came under pressure late in the
session Wednesday as concerns mounted over whether the merger between the two
oilfield services companies would be approved by regulators. Regulators are reportedly
concerned about antitrust issues, and that the industry would become too concentrated
after the merger, Bloomberg News reported citing people familiar with the situation.
Both of the companys shares tumbled during the session, but closed well off session
lows.
The economic calendar remained light on Wednesday with existing home sales data that
showed robust improvement in the housing market. Sales of existing single-family
homes rose to an 8-1/2 year high, up 3.2% in June to an annualized rate of 5.49 million
units, according to the National Association of Realtors. The reading was higher than the
increase to 5.40 million units for the month Wall Street expected.
IHS U.S. economists Stephanie Karol and Kristin Reynolds called it a solid report in a
note following the datas release.
The share of first-time buyers ticked down, but the level of first-time purchasing
advanced 17.4% year-on-year nothing to sneeze atwe expect headline existing
home sales to surpass 5.5 million by the end of the year, they noted.
In commodities, gold remained under pressure, extending its longest losing streak in
more than 15 years as investors worry about when the Fed will begin to raise short-term
interest rates and the impact of a stronger dollar. Investors are also leaving the safehaven after intense worries surrounding Greece and its debt have subsided as the
nations future in the eurozone looks to be in tact for now.
The precious metal continued to lose its luster, and settled at a new 52-week low. Gold
fell 0.98% to 1,092 a troy ounce in recent action, on track for a tenth-consecutive day of
declines.
U.S. crude oil prices, meanwhile, dropped 1.70% to $49.15 a barrel. Brent, the
international benchmark, also fell by 1.03% to $56.01 a barrel.
Larry Shover, chief investment officer at Solutions Funds Group, said volatility has
tended to gravitate toward currencies and commodities as of late.
The contrast and influence of a stronger U.S. economy and a Fed that is on the cusp of
hiking rates while many other central banks are biased to ease further has promoted the
ongoing themes of a strong dollar and weak commodities, he said.
He added that the sharp move lower is also due to the darker side of mediocre economic
growth, pointing to 2Q GDP expectations that have been revised lower in recent weeks
and a global growth pace stuck near 2%.
Low growth has been a boost to asset prices for the past five years as it lowered
volatility and kept money easy. The benefit is becoming exhausted. Instead, I am
becoming worried about low productivity growth and remaining pockets of leverage, he
said.
In currencies, the euro fell 0.27% against the U.S. dollar. The yield on the benchmark 10year U.S. Treasury note fell 0.019 of a percentage point to 2.324%. Bond yields move in
the opposite direction of prices.
Elsewhere in the world, Asia markets were mixed. Chinas Shanghai Composite index
added 0.21%. Hong Kongs Hang Seng lost 0.99%. Japans Nikkei slumped 1.19%.
The Euro Stoxx 50, which tracks large-cap companies in the eurozone fell 0.29%.
Meanwhile, the German Dax declined 0.70%, the French CAC 40 was 0.46% lower,
while the UKs FTSE 100 shed 1.49%.
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7/22/2015
BrentCrudeOil
$56.13
0.91
1.62%
2015.07.22endofday
WTICrudeOil
$49.19
1.67
3.40%
2015.07.22endofday
Commodities
Crude Oil
49.19
-3.40%
Natural Gas
2.90
+0.52%
Gasoline
1.87
-2.85%
Heating Oil
1.67
-0.40%
Gold
1091.40
-1.10%
Silver
14.71
-0.37%
Copper
2.43
2015.07.22 end-of-day
-1.89%
Add to your site
Price
Change
2015.07.22$49.19 1.673.40%
1YearForecast
$56/Barrel
1/1
Wall Street Caps Third-Straight Session of Losses | Fox Business
STOCKS
Wall Street Caps Third-Straight Session of Losses
(Reuters)

U.S. equity markets turned a two-day selloff into three after quarterly earnings reports
continued to disappoint investors.
The Dow Jones Industrial Average was 119 points lower, or 0.67% to 17731. The S&P
500 fell 11 points, or 0.57% to 2102, while the Nasdaq Composite declined 25 points, or
0.49% to 5146.
All 10 S&P 500 sectors closed in negative territory with the materials and utilities sectors
leading the trend lower.
Todays Markets
http://www.foxbusiness.com/markets/2015/07/23/us-stock-futures-climb-after-apple-fueled-selloff/?intcmp=bigtopmarketfeatures[7/23/2015 6:01:21 PM]
Equity markets struggled for direction after a tech-fueled selloff on Wednesday led by
juggernauts Apple (AAPL) and Microsoft (MSFT), despite strong economic data and
mixed earnings results from several Dow components including 3M (MMM), Caterpillar
(CAT), and McDonalds (MCD).
Phil Orlando, chief equity strategist and senior portfolio manager at Federated Investors,
said its another good news is bad news day for Wall Street.
You have two trends moving in different directions: First is on the earnings front.
Caterpillar was somewhat disappointing with some underlying fundamental trends and
some currency issues. Thats on the negative side. But on the positive side of the leger,
macroeconomic stuff has just been phenomenal, he said.
In the second quarter, Caterpillar booked adjusted quarterly profits per share of $1.27,
which were in-line with Wall Street estimates. Revenue, meanwhile, came in at $12.32
billion, below expectations for $12.62 billion. The results sent shares nearly 3% lower in
pre-market action. Caterpillar said the decline in its sales figures was due primarily to
lower consumer demand in several regions and currency headwinds.
3Ms 2Q results matched expectations. The company reported an adjusted EPS of $2.02
on revenue of $7.69 billion. It also lowered the top end of its full-year outlook. It now
sees earnings in the range of $7.80 to $8.00 a share, compared to $7.80 to $8.10 a
share previously. It also warned currency headwinds will likely cut into sales by 6% to
7%.
The worlds biggest burger chain beat the Street in the second quarter, revealing
adjusted earnings per share of $1.26 on revenue of $6.49 billion. Wall Street was looking
for profits of $1.23 a share on sales of $6.45 billion. However, despite the headline beat,
McDonalds said its global same-store sales saw a 0.7% decrease during the reporting
period thanks to declining customer traffic in all major markets. As the company
continues its turnaround effort, CEO Steve Easterbook said in a statement that in the
third quarter, the company continues to focus on strategic improvements, focusing on
the basic fundamentals of running great restaurants.
Comcast (CMCSA), General Motors (GM), Eli Lilly (LLY), and Dunkin Brands (DNKN)
were also among the companies reporting quarterly report cards before the market
open.
Elsewhere in corporate news, Apple (APPL) in a move to help quell investor unease,
said it plans to reduce annual spending on manufacturing equipment, data centers, and
retail stores by $1 billion, or about 8%, without making changes to its planned product
lines.
Pearson said it will sell the FT Group, owner of the salmon-colored Financial Times
publication, to Asias largest independent business media group, Nikkei, for about $1.32
billion. Pearson said it will continue to spend more time and focus on its education
business after the sale closes.
Bank of America (BAC) said its chief financial officer will part ways with the company
amid a management shakeup. Bruce Thompson will be replaced by Paul Donofrio, CFO
of the banks consumer banking and wealth management units. Thompson has served
as CFO since 2010.
The economic calendar in the U.S. was light with weekly jobless claims that rose to a
level not seen since 1973. The Labor Department reported the number of Americans
filing for first-time unemployment benefits dropped significantly more than expected last
week to 255,000 from an unrevised 281,000 the week prior. Wall Street had expected
claims to fall to 281,000.
Orlando said despite the good weekly claims number combined with a solid reading on
leading indicators, which showed a 0.6% increase compared to the 0.3% expected tick
higher, better-than-expected data still sends jitters down investors spines.
What this does is solidifies the Feds case to liftoff in September, he said. Our forecast
is for the first hike in September and four quarter-point rate hikes at the four pressers
after that: So, September, December, March and June.
Meanwhile, commodities saw relief after experiencing steep declines in the previous
session due to heightened concerns over when the Fed will likely begin raising interest
rates, and as worries over Greeces future in the eurozone subsided.
U.S. crude oil futures settled down 1.32% to $48.54 a barrel, while Brent crude, the
international benchmark, traded 1.5% lower to $55.26 per barrel. Gold, which saw a
plunge on Wednesday, bounced between gains and losses, recently traded 0.27% lower
to $1,088 a troy ounce.
In currencies, the euro rose 0.67% against the U.S. dollar. The yield on the benchmark
10-year U.S. Treasury note rose 0.049 of a percentage point to 2.273%. Bond yields
Commodities are generally trading on two things: The strong dollarand concern about
a Chinese hard landing, Orlando noted. China has been a voracious consumer of gold
and oil so the thinking there is if theres China weakness, maybe a recession, there will
be less incremental demand for gold and crude, so commodities should sell.
He added a third motivator is driving NYMEX crude to trade below the $50 a barrel mark:
The possibility of an Iran nuclear deal.
Iranians said they can get organic production up to half a million barrels per day within
six months and up to one million barrels per day between six to 12 monhts. Looking at
reduced demand in China at a time Iran will flood the market means crude prices may
continue to drift lower and recast double down bottom in the $43 a barrel neighborhood.
Elsewhere in the world, overnight Greeces parliament approved a second round of
austerity measures aimed at starting negotiations with the nations eurozone creditors for
an 86 billion euro bailout package.
The move didnt spur much activity in Europe, though, where markets ended the session
mostly flat. The Euro Stoxx 50, which tracks large-cap companies in the eurozone fell
0.06%. Meanwhile, the German Dax fell 0.13%, the French CAC 40 was 0.05% higher,
while the UKs FTSE 100 fell 0.20%.
Asia markets, meanwhile, also saw positive gains during the session. Chinas Shanghai
Composite index jumped 2.43%. Hong Kongs Hang Seng rose 0.46%. Japans Nikkei
added 0.44%.
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7/24/2015
BrentCrudeOil
$55.27
0.86
1.56%
2015.07.23endofday
WTICrudeOil
$48.45
0.74
1.53%
2015.07.23endofday
Commodities
Crude Oil
48.45
-1.53%
Natural Gas
2.82
-2.88%
Gasoline
1.85
-0.84%
Heating Oil
1.65
-1.03%
Gold
1094.00
+0.24%
Silver
14.68
-0.21%
Copper
2.39
2015.07.23 end-of-day
-1.93%
Add to your site
Price
Change
2015.07.23$48.45 0.741.53%
1YearForecast
$55/Barrel
1/1
7/24/2015
DowSeesWorstWeekSinceJanuaryinBroadSelloff|FoxBusiness
LOGIN
EarningsCalendar
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MENU
MorningOutlook
MARKETUPDATE
DowSeesWorstWeekSinceJanuaryinBroadSelloff
ByVictoriaCraig
10
51
PublishedJuly24,2015
FOXBusiness
(REUTERS)
WallStreetcappedanearningsheavyweeksolidlyinnegativeterritoryFridayasU.S.stockindexesnotchedsteepweekly
lossesafterglobaleconomicdataspookedinvestors.
DowJonesIndustrialAverageshed161points,or0.91%to17570.TheS&P500declined22points,or1.06%to2079,
whiletheNasdaqCompositelost57points,or1.12%to5088.
TodaysMarkets
U.S.equitymarketswerelowerforthefourthstraightsessionasthemajoraveragescloseddownmorethan2%,andthe
DownotchingitsworstweeksinceJanuary.
Economicallysensitivesectorstooktheheaviestlossesonthedaywithenergy,healthcare,andmaterialssharesleading
thedecline.Meanwhile,defensiveplayslikeutilitiesandtelecomclimbedastraderssoughtsafehavens.
Amazon(AMZN)helpedboosttheconsumerdiscretionarysectorasinvestorscontinuedtocheertheecommercegiants
surpriseprofitinthesecondquarterandabigbeatonthetopline.Thecompanyssharessurgedmorethan20%during
thesession,thebiggestgainforthestockinnearlysixyears.
ItwasdatainChinathatsetoffachainreactionofgloballossesFriday.AlastairMcCaig,IGmarketanalyst,saidinanote,
http://www.foxbusiness.com/markets/2015/07/24/usequityfutureshigherafteramazonprofits/
1/5
7/24/2015
ItwasdatainChinathatsetoffachainreactionofgloballossesFriday.AlastairMcCaig,IGmarketanalyst,saidinanote,
afifthconsecutivemonthofcontractionforChinesemanufacturingPMIdatahashelpedputrenewedpressureonglobal
commoditiesmarkets,aswellasequitymarketsacrosstheglobe.
AmorningofdisappointingPMIdata,stretchingfromChinatoEuropehasgivenmarketsasorrystarttothelasttrading
dayoftheweek,hewrote.WithGreecenolongercloudingeveryonesjudgment,itlooksliketheinvestmentcommunity
hasfinallyhadanopportunitytodigestjusthowuninspiringsomeoftheeconomicdatais.
OverintheU.S.newhomesalessteepenedaninitialdeclineinequitymarkets.TheCommerceDepartmentreported
salesofnew,singlefamilyhomesdropped6.8%inJunetoanannualizedrateof482,000units,farbelowtheexpected
increaseto546,000units.
But,IHSU.S.economistsPatrickNewportandStephanieKarolwroteinanotethatthoughitwasdisappointing,thereport
wasmorenoisethananything.
Salesfellinnearlyeveryregionofthecountry,andboththeaverageandmedianpricefellyearoveryear,seemingto
suggestthatdemandsoftenedinJune.However,thisnewsshouldbetakenwithagrainofsaltnoneofthesalesfigures
passthetestforstatisticalsignificance,theysaid.
ThecorporateearningscalendarwaslightonFridayafterthebusiestweeksofarforsecondquarterearningsseasonwith
twothirdsoftheDowhavingreleasedresults,and95%ofthosehavingbeatWallStreetexpectations.AbbVie(ABBV)and
AmericanAirlines(AAL)wereamongahandfulofcompaniestoreportaheadoftheopeningbell.
Withquarterlyreportsonthebackburnerfortheday,investorsturnedfocustoamegadealintheinsuranceindustry.
HealthinsurerAnthem(ANTM)putrumorstobedwhenitsaiditwillbuyrivalCignafor$54.2billion.Themergerwillcreate
thenationslargesthealthinsurerbymembership,andisthebiggestdealeverintheindustry.Bothcompaniesshares
tradedlower.
ThemovementonWallStreetperplexedsomeaspositiveearningsfrombignamefirmsandabigdealintheinsurance
spacefailedtogivemarketsaboost.
ChrisBeauchamp,seniormarketanalystatIG,saidinanotethemoveswerejustplainodd.
M&Aactivity,exemplifiedbytheFTandnowAnthem/Cigna,continuestobestrongwhileAmazonsfiguresshowthatthe
Americanconsumerhasplentyofdesiretoopenhiswallet,henoted.Andyet,investorshavenoenthusiasmtobuyinto
anearningsseasonthat,evenbyrecentstandards,hadthebarsetparticularlylowintermsofexpectations.
Elsewhereincorporatenews,AT&T(T)hasreportedlycleareditsfinalregulatoryhurdlewiththeFCCinitsproposed
$48.5billionacquisitionofDirecTV.TheJusticeDepartmentonTuesdaygavethemergeritsnodofapproval.
Pressureremainedonthecommoditiesmarket,adayafterU.S.crudeoilenteredbearmarketterritory.OnFriday,it
traded0.40%lowerto$48.05abarrel.Brent,theinternationalbenchmarkalsodeclined0.77%to$54.50abarrel.
Energystockstookahitduringthesession.TheS&P500energysectorshed2%,whileChevronwasamongthebiggest
laggardsontheDow,givingupabout2.5%.Meanwhile,otheroilfieldserviceheavyweightsincludingHalliburtonandBaker
Hugheswerealsoinnegativeterritory.
Goldcontinuedtocomeundersellingpressure,fallingtoa51/2yearlow,asworriescontinuetoswirlaboutwhenthe
FederalReservewillbegintohikeshortterminterestrates,andtheimpactofastrongerdollar.Thepreciousmetal
reversedcourse,rising0.26%to$1,096atroyounceinrecentaction,andwassetfortheworstweeksinceOctober.
Copper,meanwhile,continuedtotradenearsixyearlows.
2/5
7/24/2015
Incurrencies,theeurofell0.07%againsttheU.S.dollar.Theyieldonthebenchmark10yearU.S.Treasurynotefell0.012
ofapercentagepointto2.266%.Bondyieldsmoveintheoppositedirectionofprices.
Asiamarketsendedtheweeksolidlylower:ChinasShanghaiCompositeindexshed1.29%.HongKongsHangSenglost
1.06%.JapansNikkeislumped0.67%.
TheEuroStoxx50,whichtrackslargecapcompaniesintheeurozonefell0.96%.Meanwhile,theGermanDaxfell1.50%,
theFrenchCAC40was0.64%lower,whiletheUKsFTSE100shed1%.
FollowVictoriaCraigonTwitter@VictoriaCraig.
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GoldHits51/2YearLow,Setfor
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7/25/2015
BrentCrudeOil
$54.62
0.65
1.19%
2015.07.24endofday
WTICrudeOil
$48.14
0.31
0.64%
2015.07.24endofday
Commodities
Crude Oil
48.14
-0.64%
Natural Gas
2.78
-1.44%
Gasoline
1.83
-1.31%
Heating Oil
1.63
-1.50%
Gold
1085.60
-0.77%
Silver
14.48
-1.42%
Copper
2.38
2015.07.24 end-of-day
Add to your site
Price
Change
2015.07.24$48.14 0.310.64%
1YearForecast
$55/Barrel
1/1
7/27/2015
Search
Sensexcrashes551ptsonPNoteconcernsatover5weeklowTheHindu
GO
BUSINESS
Mumbai,July27,2015
Sensexcrashes551ptsonPNoteconcernsatover5weeklow
PTI
MarketagaintookabeatingonMonday,withthebenchmarkBSESensexcrashingover551pointsto27,561.38,itsweakestclosinginover
fiveweeks,onconcernsthatstricternormsforparticipatorynotesmayhitforeigninvestmentsandamajorslumpinChinesestocks.
TheNSENiftyalsodippedbelowthe8,400level.
MarketslumpedamidfearsthatthegovernmentmayacceptSupremeCourtappointedSpecialInvestigationTeam(SIT)recommendations
ofstricternormsforparticipatorynotes(Pnotes)onmarkets,equitybrokerssaid.
However,FinanceMinisterArunJaitleysstatementduringthemarkethoursonMondaythatthegovernmentwillnottakeanykneejerk
reactionthatwilladverselyimpactcountrysinvestmentclimatefailedtoliftthemood.
Nosuchstepwouldbetakenwhichcouldadverselyimpactinvestmentsentimentinthecountry,hesaid.
AselloffinotherAsianmarketswithover8percentplungeinShanghaionworriesthattheChineseeconomyisheadingforasharp
slowdownaddedtotherout.
The30shareindexcommencedloweranddippedbelowthe28,000marktotouchalowof27,529.57beforeendingat27,561.38,fallof
550.93pointsor1.96percent.
MondaysclosingwasthelowestlevelsinceJune19,whentheindexhadclosedat27,316.17.Also,itisthesecondbiggestsingledayfallsince
660.61pointsplungeonJune2.
Thegaugehasnowlost943.55pointsinlastthreedays.
ThebroaderNSENiftyalsosuccumbedtoallroundsellingandslippedbelowthe8,400marktosettlethesession160.55pointsor1.88per
centdownat8,361.00.
Inbroadermarkets,midcapandsmallcapindicesclosedlowerby1.38percentand1.07percent,respectively.
TatasteelwasthetopSensexloser,tumbling5.17percent,followedbyHeroMotoCorp4.84percent.
Of30shareSensexpack,29fell,whileonlyBajajAutobuckedthetrendandrose0.41percent.
Sectorally,BSEmetalindexfellthemost,followedbycapitalgoods,metal,banking,power,realtyandauto.
AmongotherAsianmarkets,ShanghaiCompositedived8.48percent,JapansNikkeifell0.95percentandHongKongsHangSeng3.09per
cent.Europeanstocksslidinearlytrade.
Printableversion|Jul27,201511:13:52PM|http://www.thehindu.com/business/sensexcrashes551ptsonpnoteconcernsatover5
weeklow/article7470308.ece
TheHindu
http://www.thehindu.com/business/sensexcrashes551ptsonpnoteconcernsatover5weeklow/article7470308.ece?css=print
1/1
Wall Street Slides, Joining China-Led Global Selloff | Fox Business
MARKET UPDATE
Wall Street Slides, Joining China-Led Global Selloff
(Reuters)

U.S. equity markets joined a Chinese-led global equities selloff which sent major market
averages lower for the fifth-straight session.
The Dow Jones Industrial Average fell 127 points, or 0.73% to 17429 on Monday. The
S&P 500 lost 12 points, or 0.58% to 2067, while the Nasdaq Composite dropped 48
points, or 0.96% to 5039.
The only sector in positive territory was utilities, which is viewed as a safe haven. The
current five-day losing streak is the longest run since Jan. 15.
Todays Market
http://www.foxbusiness.com/markets/2015/07/27/wall-street-poised-to-join-in-china-led-selloff/[7/27/2015 5:52:51 PM]
Jitters over global worries returned to Wall Street on Monday after China shares plunged
8.5%, notching the biggest one-day drop since 2007. Equity markets there came under
pressure as the governments extraordinary measures to prop up the markets began to
lose steam, and as traders there parsed disappointing industrial production data.
Before the massive selloff, which began in June, Chinas main indexes had more than
doubled over the year, before plunging more than 30% in just a few weeks.
On Monday, Chinas Shanghai Composite index plunged 8.48% to 3725. Meanwhile,
Hong Kongs Hang Seng lost 3.9% to 24351, while Japans Nikkei shed 0.95% to 20350.
Peter Kenny, chief market strategist at ClearPool Group, said what Chinese equities
experienced overnight was partially a result of weak data, but more than that, it was a
realization that government controls have a limited shelf life with how long they impact
market trends.
That force has provided Chinese investors with a very startling and rude awakening.
Central authorities have tried any number of very dramatic, logical steps to halt the slide
in Chinese equities, none of which have had the impact intended. It was a
comprehensive blow to Chinese investor confidence, he explained.
Worries ricocheted across Europe, where the selloff continued. The Euro Stoxx 50, which
tracks large-cap companies in the eurozone, dropped 2.28% to 3518. Meanwhile, the
German Dax fell 2.56%, the French CAC 40 was 2.57% lower, while the UKs FTSE 100
shed 1.13% to 6505.
Kenny said the impact of the selloff overseas will hit trading in the U.S., and warned not
to expect the selling to let up any time soon.
This will go on for weeks. Weve seen heightened volatility over the past two months.
Were at the early stages of the birth of capitalistic forces in their markets. Do not expect
to see this sort of run up in prices theyve been accustomed to the last two or three
years. That train has left the station, he said. Its going to have an impact on global
equity markets, no question.
Meanwhile, pressure on the commodities market failed to let up on Monday. U.S. crude
prices continued to fall after entering bear-market territory last Thursday as worries
persist over a global supply glut.Prices fell 1.6% to $47.39 a barrel, the lowest mark
since March 20. Brent crude, the international benchmark, also declined 2.4% to $53.31
a barrel.
Its the commodities market, not China, that Michael Block, chief strategist at Rhino
Trading Partners, said is the biggest concern to U.S. investors.
We are watching crude make a run toward the March lowsAnd with the fall in
commodity prices, the viability of some big, big metals companies is being questioned,
he wrote. I do think well see more casualties in the energy and commodities complexes
given the overinvestment and the supply/demand dynamics in each area.
Kenny weighed in, saying the lower prices could take on more velocity in the coming
weeks, and continue to put more pressure on U.S. equities.
Look what happened with energy is the first quarter, it became a startling revolution that
energy is one of the largest sectors and with the drop from May to December, it had a
decidedly negative impact on the S&P and the broader market, he noted. Its a huge
component of the equity landscape.
Gold, which found itself under pressure last week, reversed course on Monday, trading
up 0.74% to $1,094 a troy ounce, but still holding near 5-1/2 year lows.
The yield on the benchmark 10-year U.S. Treasury note fell 0.043 of a percentage point
to 2.23%. Bond yields move in the opposite direction of prices.
In currencies, the euro traded up 1.01% against the U.S. dollar.
The economic data calendar in the U.S. was light on Monday with durable goods orders
posting a bigger gain than expected. The Commerce Department said orders for longlasting goods jumped 3.4% in June, a bigger gain than the 3% increase Wall Street
forecast. Excluding the volatile transportation component, orders rose 0.8%, also topping
views for a 0.5% rise.
Later in the week, the Federal Open Market Committee convenes for its two-day policysetting meeting on Tuesday with its policy statement on Wednesday afternoon. Wall
Street hopes this months meeting will give more clarity as to the central banks timing
for the first interest-rate hike from historic lows.
Block said the optimism, though, is waning for a September rate hike, which has long
been the consensus for the first increase.

I see the move in commodities and I think about what that means for inflation. I dont see
wages going anywhere. How does the FOMC raise rates on that backdrop, he noted.
In corporate news, Teva Pharmaceuticals (TEVA) announced it plans to buy Allergans
(AGN) generics drugs business for $40.5 billion. The deal would make Teva a top-10
pharmaceutical company.
Fiat Chrysler Automobiles (FCAU) agreed to a settlement with federal safety regulators
over a record $105 million fine for recall lapses. As part of the agreement, the automaker
will offer to buy back about 190,000 vehicles. Shares dropped 4.7%.
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7/31/2015
BrentCrudeOil
$52.21
1.10
2.11%
2015.07.31endofday
WTICrudeOil
$47.12
1.40
2.97%
2015.07.31endofday
Commodities
Crude Oil
47.12
-2.97%
Natural Gas
2.72
-1.91%
Gasoline
1.84
+0.71%
Heating Oil
1.58
-0.90%
Gold
1094.90
+0.59%
Silver
14.75
+0.37%
Copper
2.37
2015.07.31 end-of-day
-0.59%
Add to your site
Price
Change
2015.07.31$47.12 1.402.97%
1YearForecast
$54/Barrel
1/1
Broader Averages Fall as Oil Sees Worst Month Since '08 | Fox Business
MARKET UPDATE
Broader Averages Fall as Oil Sees Worst Month Since

'08
(Reuters)
U.S. equity markets were mostly flat on Friday as the energy sector dragged on the
broader averages, though major indexes were on track to notch gains for the week and
the month.
The Dow Jones Industrial Average closed 55 points lower, or 0.31% to 17690. The S&P
500 futures added shed 4.7 points, or 0.22% to 2103, while the Nasdaq Composite
climbed half a point, or 0.01% to 5128.
Todays Markets
http://www.foxbusiness.com/markets/2015/07/31/us-stock-futures-dip-but-monthly-gains-in-sight/[8/2/2015 2:05:54 PM]
It was a rough morning for two of the nations energy companies as second-quarter
earnings came in much weaker than expected.
Exxon (XOM) revealed adjusted earnings of $1 per share, widely missing expectations
for $1.11. Revenue of $74.1 billion topped views for $72.48 billion. The company noted
on an adjusted basis, earnings dropped 51% from the year-ago period, while capital
spending and exploration came in at $8.3 billion, a 16% decrease from the second
quarter of last year.
Exxon shares sank 4.5%.
A year of low oil prices slammed Chevron (CVX) in the second quarter. The oil producer
booked a 90% plunge in profit. Results came in at 30 cents a share on a diluted basis,
compared to $2.98 in the year-ago period. Wall Street was expecting earnings of $1.16 a
share.
Chevron shares dropped 5.2%.
All eyes have been on the U.S. economy this week as investors tried to gather more
clues about when the Federal Reserve is most likely to begin raising interest rates. After
a day to digest the first reading on second-quarter GDP, which came in slightly below
expectations, but still showed 2.3% growth for the quarter, traders got a look at other
parts of the economy Friday.
The Labor Departments employment cost index, a broad measure of labor costs,
showed the slowest-ever pace of increase with a 0.2% gain in the second quarter.
Economists on average had expected a 0.6% increase. Wages and salaries during the
quarter also rose 0.2%, a significant slowdown from the first quarters 0.7% growth.
IHS U.S. economist Ozlem Yaylaci wondered whether the unexpected and sharp decline
in wages and salaries could stop the Fed in its rate-hike tracks.
This report was a bit of a shock since it is not what is expected in a gradually tightening
labor market, he wrote in a note. The central question is whether this very sharp and
unexpected decline in wages and salaries will trigger alarm bells at the Fed
considering wage inflation is one of the main predictors of core inflation, this report is
likely to diminish the Feds confidence.
Meanwhile, a gauge of consumer sentiment from Thomson Reuters and the University of
Michigan fell to 93.1 in July from a preliminary reading two weeks ago of 93.3. The
reading was lower than the increase to 94 economists had expected.
Factory activity in the Midwest region flipped back into expansion territory in July. A
gauge from the Institute for Supply Management-Chicago rose to 54.7 in July, the
highest level since January, from 49.4 the month prior. The reading beat Wall Street
expectations for a rise to 50.5. Readings above 50 indicate expansion, while those
below point to contraction.
Elsewhere in corporate news, fitness chain SoulCycle filed for an initial public offering,
but didnt disclose how much it plans to raise, or on what exchange it expects to list. The
company said in the filing it earned $25.3 million in 2014, up from $17.8 million the year
prior. Last years revenue of $112 million was up from $75.3 million in 2013, SoulCycle
said.
In commodities, after a tumultuous week, crude oil prices came under pressure again on
Friday as the dollar strengthened. U.S. crude settled down 2.89% to $47.12 a barrel, the
biggest monthly drop since October 2008. For the month of July, U.S. crude plunged
20.8%.
Brent, the international benchmark, fell 2.7% to $51.87 a barrel.
Gold prices turned higher, rising 0.5% to $1,094 a troy ounce. Though gold this week
snapped a five-week losing streak, for the month, it saw the biggest percentage decline
in two years. Gold has lost ground in five of the last six months.
In currencies, the euro traded 0.47% higher against the U.S. dollar. The yield on the
benchmark 10-year U.S. Treasury fell 0.063 of a percentage point to 2.21%. Bond yields
Trading was relatively calm in overseas markets as traders looked ahead to the
weekend.
U.S. traders, much like their counterparts in London, will be forgiven for looking to start
the weekend early, especially as Monday will bring a plethora of manufacturing PMI data
to absorb, IG market analyst Alastair McCaig wrote in a note. Hopefully that should add
a touch of adrenaline to these lackluster markets.
European markets were mostly flat in the last trading day of the week. The Euro Stoxx
50, which tracks large-cap companies in the eurozone, rose 0.39%. The German Dax
climbed 0.46%, the French CAC 40 rose 0.72%, while the UKs FTSE 100 was up
0.41%.
Meanwhile, Chinas Shanghai Composite index fell 1.13%, while Hong Kongs Hang
Seng rose 0.56%, and Japans Nikkei rose 0.30%.
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Economy Results Due To Faulty Legal System and Unjust State of Georgia Convictions On All 5 Counts of Banks' Cases of Innocent Srinivas Vadde

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Economy Results Due To Faulty Legal System and Unjust State of Georgia Convictions On All 5 Counts of Banks' Cases of Innocent Srinivas Vadde

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