Market Live: Sensex ends 160 points higher; Rain Ind, PC Jeweller surge

Closing Bell

Indian equity markets ended higher today after opening firm even as other Asian peers displayed mixed trend.

After opening higher at 38,692.06, the Sensex ranged between a low of 38,554.79 and later moved to a high of 38,818.87. The benchmark index ended the day at 38,767.11, up 160.10 points over its previous close.

The NSE Nifty too rose 46.75 points, or 0.40 per cent, and ended at 11,643.45.

Key monitors going ahead include Q4 results expectations, domestic macro data announcement and general elections would decide the market direction.

Elections do occupy the investors' mind and with the polling running for nearly two months, there seems to be speculation running in the market of Modi's comeback, and it will be a while before the actual trend emerges in May last week.

 

April 12 | 3.30 pm

Rain Industries shares hit upper circuit

 

The stock of Rain Industries had hit 20 per cent upper circuit on the NSE today on the back of heavy volumes. The stock ended at Rs 131.80, up 20%. Volumes traded in the counter were 1.18 crores shares on the NSE.  On the BSE, the stock ended at Rs 131.80, up 20% with volumes of 15.82 lakh shares traded against the 2-week average volume of 1.51 lakh shares.

Rain Ind chart on BSE

 

 

April 12 | 3.20 pm

TOP VOLUME GAINERS ON NSE

TOP VOLUME GAINERS ON NSE

 

3.05 pm

MOST ACTIVE SECURITIES ON NSE

 

 

April 12 | 2.45 pm

SENSEX STOCKS

Sensex stocks

 

 

April 12 | 2.30 pm

Anjani Portland Cement up 11%

 

Anjani Portland Cement stock zoomed 11 per cent to Rs 148 on the NSE today. Volumes traded in the counter were 30,691 shares as of now.

Anjani Portland Cement commissions new plant

Anjani Portland Cement has commissioned a 16-mega watt (MW) coal-based captive power plant at its cement unit in Telangana. “The 16-MW coal-based ...

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April 12 | 2.20 pm

 

April 12 | 2.15 pm

Pricol stock surges 17%

Pricol stock surged 17% to Rs 47 on the NSE today after auto components manufacturing major on Tuesday decided to reconsider the dismissal order to 294 striking workers who had turned down the company’s transfer order.  Volumes traded in the counter were 54.43 lakh shares on the NSE today.

 

Pricol reconsiders dismissal order issued to 294 workers

A day after it issued the sacking order to 294 striking workers who had turned down the company’s transfer order, auto components manufacturing major ...

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Pointer Telocation, Pricol to form JV for telematics

Pointer Telocation and Pricol Ltd have signed a Letter of Intent to form a joint venture for telematics solutions in India and South East Asia.Vikram ...

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April 12 | 2.05 pm

PC Jeweller shares zoom 15%

 

PC Jeweller shares zoomed nearly 15% at Rs 110.30 on the NSE today. Volumes traded in the counter on the NSE were significantly higher over 7.05 crore shares. The stock touched an intraday high of Rs 115 before being quoted at Rs 110.30 now.

 

PC Jewellers net down 15% to Rs 138.34 cr in Q3

PC Jewellers’ standalone net profit declined about 15 per cent to Rs 138.34 crore in the December 2018 quarter as compared to the year-ago period, ...

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Take a call on PC Jeweller

 The stock of PC Jeweller gained strongly on Friday with heavy volumes. Thanks to sharp gains, the short-term outlook for PC Jeweller has turned ...

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April 12 | 2 pm

GAIL shares climb 3 per cent

GAIL (India) shares rallied over 3 per cent at Rs 354 on the NSE today after a recent report that it wouldl be working jointly  with Bharat Heavy Electricals Ltd to develop solar power projects.

Under the deal, a company statement said, GAIL shall be the project developer and BHEL shall act as an engineering, procurement, construction and project management contractor.

BHEL shall also provide operation and maintenance services during the initial period upon becoming a successful bidder.

GAIL, BHEL to jointly develop solar projects

GAIL (India) Ltd and Bharat Heavy Electricals Ltd (BHEL) will be working together to develop solar power projects.Under the deal, a company ...

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GAIL’s Kochi-Mangaluru pipeline hits roadblock again

Earlier it was the public protests in the Malabar region that had held up the project

Read More  

April 12 | 1.40 pm

TOP NSE LOSERS

TOP NSE LOSERS

 

April 12 | 1.35 pm

TOP NSE GAINERS

NSE GAINERS

 

April 12 | 1.25 pm

Sensex stocks

 

April 12 | 1.15 pm

 

April 12 | 12.40 pm

India Nippon Electricals in a downtrend

India Nippon Electricals (₹443): The stock of India Nippon Electricals has been in a long-term downtrend since marking an all-time high at ₹712 in November 2017. However, it found support at ₹370 this February and began to trend up. The stock now tests a significant resistance at ₹450, which is its 200-day moving average. An emphatic break above this barrier can take the stock up to ₹500 and ₹550 in the medium term.

A strong breakthrough of ₹550 is required to alter the downtrend and take the stock up to ₹600 and ₹650 over the long term. You can stay invested with a stop-loss at ₹390. A decisive fall below the key base level of ₹400 will alter the corrective uptrend and pull the stock down to ₹370 levels.

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India Nippon Electricals (₹519.6): BUY

Investors can consider buying the stock of India Nippon Electricals, a small-cap auto ancillary company.On Thursday, the stock gained 4.4 per cent ...

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12.35 pm

₹2260 HDFC Bank • Sell HDFC Bank if stock fails to move beyond ₹2,268 levels

 

S1S2R1R2COMMENT
2242223022682280Fresh short positions can be initiated with a fixed stop-loss if the stock fails to move beyond ₹2,268 levels

 

HDFC Bank falls on PE offload news

 Shares of HDFC Bank fell by over 2 per cent on Wednesday amidst reports of a private equity firm selling 1.14 crore shares through a block deal. The ...

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HDFC Bank to raise up to ₹50,000 cr through debt

Private sector lender HDFC Bank plans to raise up to ₹50,000 crore through debt over the next 12 months. “We wish to inform you that the bank proposes ...

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April 12 | 12.15 pm

 

Sensex stocks

 

April 12 | 12.10 pm

Dewan Housing falls; Brickwork downgrades secured NCD ratings

Shares of mortgage lender Dewan Housing Finance Corporation Ltd (DHFL) are down as much as 3.2 per cent to Rs 167.15, their biggest percentage loss since April 9.

Brickwork Ratings downgrades co's secured NCD, subordinated debt to 'BWR AA', credit watch with negative implications on Thursday.

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DHFL unit seeks nod to sell shares to Blackstone-backed BCP Topco

Aadhar Housing Finance (AHFL), an associate company of Dewan Housing Finance Corporation (DHFL), has announced plans to sell shares of the company ...

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DHFL: CARE re-rating non-merit based, irrational

CARE Ratings revised some of DHFL’s long-term ratings

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April 12 | 11.55 am

Rupee sheds 41 paise to 69.33 vs USD

The rupee depreciated by 41 paise to 69.33 against the United States (US) dollar on Friday owing to increased demand for the greenback from importers and banks.

At the Interbank Foreign Exchange, the rupee opened on a weak note at 69.04 then fell further to 69.38 against the US dollar, before being quoted at 69.33, howing a decline of 41 paise from its previous closing.

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The rupee appreciated by 6 paise to 68.57 against the US dollar. File Photo   -  Getty Images/iStockphoto

 

April 12 | 11.50 am

Prabhat Dairy hits upper circuit

Shares of integrated milk and dairy products company Prabhat Dairy Limited rose by 4.97 per cent to Rs 82.3, hitting their upper circuit level. The share has hits its highest since January 22.

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April 12 | 11.40 am

Kotak Mutual Fund works with Essel Group for 'optimal recovery' of dues

Kotak Mutual Fund said on Friday it is working with the promoters of Essel Group to ensure “optimal recovery” of dues owed by the conglomerate.

Kotak Mutual Fund said its exposure to Essel Group remained in six fixed maturity plans (FMPs) and in Kotak Credit Risk Fund to an extent of 0.37 per cent of its assets under management.

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Investors face hit as Kotak MF defers returns on fixed maturity plan

Faced with delay on repayment of debt papers, HDFC AMC too pushes maturity date

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Kotak MF files paper for International REIT Fund

Kotak Mutual Fund has filed a scheme information document with the market regulator for Kotak International REIT Fund. If SEBI approves it, this would ...

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April 12 | 11.25 am

₹2019 • TCS: Sell TCS on rallies with stop-loss at ₹2,042 levels

 

S1S2R1R2COMMENT
2000198020422060Make use of intra-day rallies to go short in the stock while maintaining a tight stop-loss at ₹2,042 levels

 

TCS, Google partner to build industry-specific cloud solutions

Tata Consultancy Services on Wednesday partnered with Google Cloud to build industry-specific cloud solutions.In the age of digitally empowered ...

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H-1B rejections hit IT firms hard in FY18

Cognizant bore the brunt, with over 4,000 visa applications denied

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April 12 | 11.15 am

Intraday Recommendations

ICICI SECURITIES

1. Sell Bank Nifty in the range of 30050-30100

 

2. Buy State Bank of India in the range of | 314.00-314.40

 

3. Sell Vedanta in the range of | 178.80-179.20

 

Vedanta at near 2-month high; chart suggests more upside

Shares of Vedanta Ltd gain as much as 4.13 per cent to Rs 185.4, their highest since January 31, 2019. The stock breaks above a resistance at Rs ...

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SBI invites EoI to sell NPA accounts to recover Rs 423 crore

e-auction for the NPA accounts - Kamachi Industries and SNS Starch - is scheduled for April 25

Read More  

April 12 | 11.10 am

Lumax Auto Technologies rises; signs JV with Jopp Holding JMBH

Shares of automotive company Lumax Auto Technologies Limited climbed as much as 4.8 pe cent to Rs 142.6. This has been their biggest percentage gain since March 5.

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Lumax set to start PCB production from April 1

 Lumax Industries has decided to commence in-house manufacturing of PCBs for lighting components from April 1. The board has also approved the ...

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Lumax Auto Technologies (₹196.7): Buy

Investors with a short-term perspective can consider buying the stock of Lumax Auto Technologies at current levels. Since taking support at ₹128 in ...

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April 12 | 11.05 am

Broker's call: HeidelbergCement (Buy)

Reliance Securities

HeidelbergCement (Buy)

CMP: ₹178.3

Target: ₹250

HeidelbergCement India is engaged in manufacturing of Portland cement. The company’s product portfolio includes Portland Pozzolana cement and Portland Slag cement.

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HeidelbergCement India Q2 net up 50.5 pc to Rs 50.08 crore

HeidelbergCement India on Thursday reported an increase of 50.48 per cent in its net profit at Rs 50.08 crore for the September quarter, helped by ...

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Heidelberg Cement to extend financial year by three months

Heidelberg Cement India has informed the exchanges that its board of directors on Wednesday resolved to extend the financial year of the company by ...

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April 12 | 10.55 am

Indian equity markets opened on a positive note while other Asian peers displayed muted  cues. Key monitors going ahead include domestic macro data announcement, general elections and Q4 results expectations would decide the market directions.

The BSE benchmark index was up 42 points at 38,649.53, while on the NSE, the Nifty gained 9 points at 11,606.50

 

 

April 12 | 10.45 am

Momentum Picks: Intraday calls

 

Intraday Calls for April 12 from ICICI Securities

 

April 12 | 10.30 am

Rupee slips 24 paise to 69.18 vs USD in early trade

The rupee depreciated by 32 paise to 69.24 against the United States (US) dollar in early trade Friday owing to increased demand for the greenback from importers and banks.

At the Interbank Foreign Exchange, the rupee opened on a weak note at 69.04 then fell further to 69.24 against the US dollar, showing a decline of 32 paise over its previous closing.

The local unit, however, pared some losses and was quoted at 69.18 against the American currency at 0941 hrs.

At the Interbank Foreign Exchange (forex), the domestic unit opened strong at 69.20. File Photo   -  The Hindu

 

RBI needs to fortify forex reserves further by $20 billion: HSBC

This would be a halfway climb to the record $450 billion reserves the country held last year, says the report

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Forex reserves soar over $5 bn to reach $412 bn

Gold reserves remained unchanged at USD 23.408 billion

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April 12 | 10.15 am

₹314 • SBI: Sell SBI with stiff stop-loss if falls below ₹308 levels

 

 

S1S2R1R2COMMENT
308300320326Initiate fresh short positions with a stiff stop-loss only if the stock of SBI falls below ₹308 levels

 

SBI invites EoI to sell NPA accounts to recover Rs 423 crore

e-auction for the NPA accounts - Kamachi Industries and SNS Starch - is scheduled for April 25

Read More  

SBI sets operating profit target of ₹70,000 crore for FY20

The bank had posted a lower operating profit of ₹38,503 cr in the first nine months of FY19

Read More

 

April 12 | 10.10 am

Broker's Call

Exide Ind: Buy (Short Term)

 

JM FINANCIAL SERVICES

 

Short Term Buy Exide Industries Around Rs 221 with a fixed stop-loss at Rs 216.

First Target at Rs 229 and if moves beyond further, second target at Rs 235.

 

Exide’s profit stays flat at ₹155 cr

Exide Industries Ltd posted an almost flat growth in net profit to ₹155 crore for the quarter ended December 31, 2018, as compared with ₹154 crore ...

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Property sale powers Exide Q2

 Driven primarily by profit on sale of property, automotive battery-maker Exide Industries reported a 97 per cent jump in net profit to ₹268 crore for ...

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April 12 | 10.05 am

 

 

 

April 12 | 10 am

₹1346 • Reliance Ind: Buy RIL if stock moves above ₹1,360 levels

 

S1S2R1R2COMMENT
1332131513601375Fresh long positions can be initiated with a fixed stop-loss only if the stock advances above ₹1,360 levels

 

Reliance Jio launches JioNews App

Reliance Jio Infocomm, a wholly-owned subsidiary of Reliance Industries Ltd (RIL), has launched JioNews as an App and a web-based service, timing it ...

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Reliance Industries denies any link to $1.2 b money-laundering case in Netherlands

Dutch investigators last week arrested three former employees of a local firm suspected of laundering $1.2 billion through over-invoicing services and ...

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Broker's call: Reliance Industries (Neutral)

Motilal OswalReliance Industries (Neutral)CMP: ₹1,373.8Target: ₹1,457Reliance Industries’s stock price has almost tripled over the last five years, ...

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9.55 am

₹2019 • TCS: Go short in TCS on rallies with tight stop-loss

 

S1S2R1R2COMMENT
2000198020422060Make use of intra-day rallies to go short in the stock while maintaining a tight stop-loss at ₹2,042 level

 

Will Q4 of Infosys, TCS surprise street?

Friday will be the big day for this results season as two IT biggies - TCS and Infosys, will declare their fourth quarter earnings. Analysts expect ...

Read More

 

TCS may test support at Rs 1,901

Shares of Tata Consultancy Services Ltd (TCS) fell as much as 1.98 per cent to Rs 1931.3, their lowest since Janurary 28.The stock broke below its ...

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Broker's call: TCS (Buy)

Reliance SecuritiesTCS (Buy)CMP: ₹1,841.95Target: ₹2,190Tata Consultancy Services (TCS) has reported a decent CC revenue growth of 1.8 per cent q-o-q ...

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HCL Technologies: Good show

 The stock of HCL Technologies (HCL) was up over 5 per cent last week, as markets cheered the better-than-expected financials delivered by the ...

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April 12 | 9.50 am

₹743 • Infosys: Sell Infosys if declines below ₹735 levels

 

S1S2R1R2COMMENT
735727750757Consider initiating fresh short positions with a fixed stop-loss if the stock of Infosys declines below ₹735 levels

 

 

 

Broker's call: Infosys (Buy)

Axis DirectInfosys (Buy)CMP: ₹709.75Target: ₹810Infosys’s client acquisition momentum remained strong across verticals during Q3 FY19. Deal wins with ...

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Infosys’ buyback offer opens today

 The six-month buyback offer of Infosys opens on Wednesday. The IT major plans to mop up shares from the open market at a maximum price of ₹800 a ...

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Infosys inks pact with Rolls-Royce group for engineering, digital services

Rolls-Royce has customers in more than 150 countries

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April 12 | 9.40 am

Index-weighted stocks on BSE

 

Software majors such as Infosys, HCL Tech and TCS rose ahead of Infosys results later in the day. Infosys was up 0.90 per cent at Rs 749.75, TCS gained 0.60% at Rs 2,030.95, and HCL Tech was up 0.90% at Rs 1,098.55

 

Broker's call: Infosys (Accumulate)

Prabhudas LilladherInfosys (Accumulate)CMP: ₹742.3Target: ₹804Infosys has announced strategic partnership with ABN AMRO by acquiring 75 per cent ...

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What to watch: Will Infosys’ Japan foray pay off well?

Infosys on Monday said it has completed the formation of its joint venture with Hitachi, Panasonic Corporation and Pasona Inc, strategically enhancing ...

Read More  

April 12 | 9.35 am

BSE SECTORAL INDICES

 

April 12 | 9.30 am

Will Q4 of Infosys, TCS surprise street?

Friday will be the big day for this results season as two IT biggies - TCS and Infosys, will declare their fourth quarter earnings. Analysts expect Infy to report 2-3 per cent revenue growth and 8-12 per cent PAT growth sequentially for Q4 FY19.

READ MORE

Infosys subsidiary to buy 75% in ABN Amro arm for ₹ 990 crore

Stater stake to boost IT major’s mortgage servicing capabilities in Continental

Read More

TCS, Google partner to build industry-specific cloud solutions

Tata Consultancy Services on Wednesday partnered with Google Cloud to build industry-specific cloud solutions.In the age of digitally empowered ...

Read More  

 

April 12 | 9.20 am

 

Index weighted stocks on BSE

 

April 12 | 9.15 am

 

11668 • Buy Nifty 50 Futures if climbs above 11,720 levels

 

S1S2R1R2COMMENT
11620115701172011770Consider initiating fresh long positions with a fixed stop-loss if the contract climbs above 11,720 levels

 

S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2

 

Nifty 50 April Futures (11,644): Desist trading for the session; Buy only above 11,660 levels

The Sensex and the Nifty commenced the session on a flat note and continued to move in a sideways range thereafter. The Nifty mid and small-cap ...

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Nifty 50 April Futures (11,728): Tread with caution

Tracking the bearish global markets, the domestic equity indices began the session in negative territory. The Dow Jones and S&P 500 had declined ...

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9.10 am

Day Trading Guide for April 12, 2019

Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:

 

₹2256 • HDFC Bank

 

 

S1S2R1R2COMMENT
2242223022682280Fresh short positions can be initiated with a fixed stop-loss if the stock fails to move beyond ₹2,268 levels

 

₹743 • Infosys

 

 

S1S2R1R2COMMENT
735727750757Consider initiating fresh short positions with a fixed stop-loss if the stock of Infosys declines below ₹735 levels

 

Will Q4 of Infosys, TCS surprise street?

Friday will be the big day for this results season as two IT biggies - TCS and Infosys, will declare their fourth quarter earnings. Analysts expect ...

Read More

 

What to watch: Will Infosys’ Japan foray pay off well?

Infosys on Monday said it has completed the formation of its joint venture with Hitachi, Panasonic Corporation and Pasona Inc, strategically enhancing ...

Read More

 

Infosys forms JV with Hitachi, Panasonic and Pasona in Japan

Hitachi, Panasonic and Pasona are the minority shareholders of the entity

Read More  

9.10 am

Today's Pick: Essel Propack (₹122.3): Buy

Investors with a short-term perspective can buy the stock of Essel Propack at current levels.

Witnessing buying interest, the stock jumped 4.8 per cent breaking above a key resistance at ₹120. Since taking support at ₹85 in late October 2018, the stock has been in an intermediate-term uptrend. While trending up, the stock decisively breached its moving average compression (21-, 50- and 200-day moving averages) at around ₹109 in February and continued to trend upwards.

READ MORE

Essel Propack says promoters not pledged any shares; stock jumps over 12%

 The stock of Essel Propack surged over 12.50% today after the company clarified that neither the promoters nor the promoter groups have pledged any ...

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Shares of Essel Propack to turn ex-bonus

 Essel Propack has fixed June 21 to determine the name of the shareholders entitled for bonus equity shares in the ratio of one share of face value ₹2 ...

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Essel Propack (₹124.5): Buy

Yoganand D Investors with a short-term perspective can buy the stock of Essel Propack at current levels. On Tuesday, the stock jumped 4.8 per cent ...

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9.05 am

US shares edge lower

The Dow Jones Industrial Average fell 0.05 per cent to 26,143.05, the S&P 500 closed flat at 2,888.32 and the Nasdaq Composite dropped 0.21 per cent to 7,947.36.

Tempering expectations for a sharp slowdown in US growth as data that showed the number of Americans filing applications for unemployment benefits dropped to a 49-1/2-year low last week

Comments from US Federal Reserve Vice Chairman Richard Clarida that the US economy is in a “good place” but reemphasising the Fed's patience on rate hikes, also helped to reassure investors.

 

 

9 am

Asian shares tread water amid mixed growth signals

Asian shares were flat and United States (US) Treasury yields pulled back on Friday as investor caution prevailed ahead of the release of first-quarter corporate earnings, although stronger US economic data helped offset some concerns about global growth.

READ MORE

File Photo   -  Reuters

 

Published on April 12, 2019