US Markets

  • Dow Jones average closes above 16,000 for the first time November 22, 2013

    New York: The Dow Jones industrial average is closing above 16,000 for the first time as encouraging news on the job market pushes stocks higher. Applications for unemployment benefits dropped last week to the lowest level since September. The number of applications is close to where it was before the Great...
  • Global woes drag Sensex 347.50 points down September 30, 2013

    Mumbai: The BSE benchmark Sensex on Monday slumped by 347.50 points to touch a new three-week low on all-round selling in step with global markets which sank as the US braced itself for a government shutdown, political tension surfaced in Italy and tepid factory data jolted China. Investors also took home...
  • BlackBerry failed to sustain in the face of heavy competition September 25, 2013

    From being the creator of the first smartphone more than a decade ago, BlackBerry could not sustain itself in the face of heavy competition. Even US President Barack Obama vowed to hang onto his BlackBerry at all costs-before taking office in 2009. ...
  • Premji sees double-digit growth for Wipro in coming years July 26, 2013

    Bangalore: Wipro is poised for double-digit growth in the coming years as the US market is recovering and consumer spending improving, Chairman Azim Premji said on today. Wipro can achieve growth levels in double-digits of at least 15 per cent in US dollar terms in the coming years as the...
  • Sensex ends 282 points up July 12, 2013

    Mumbai: The BSE benchmark Sensex on Friday rose by over 282 points to close at a fresh six-week high led by gains in IT sector stocks as Infosys surged by 11 per cent on smart first quarter results, while NSE index Nifty crossed the 6,000-mark for the first time in...
  • Renewed US demand to lift Infosys, IT sector outlook July 10, 2013

    Bangalore: The strongest growth outlook for US demand for information and communication technology since the 2008 financial crisis is likely to help Narayana Murthy revive Infosys Ltd, the Indian IT giant he founded, but the updraft will also boost its faster-growing rivals. India's second largest computer services exporter, once seen as...
  • Rupee gains 5 paise against dollar August 13, 2012

    Mumbai: The rupee rose by 5 paise to 55.23 against the dollar in early trade on the Interbank Foreign Exchange on Monday as the American currency weakened against other currencies overseas. Besides, dollar selling by banks and exporters along with a higher opening in the domestic equity market on foreign funds...
  • Sensex closes flat; inflation eyed June 13, 2012

    Mumbai: Equity benchmarks closed flat on Wednesday after a day of 195 points rally on the Sensex on anticipation of rate cut hopes. The market is keenly waiting for inflation data for May that will be announced tomorrow; analysts on average expect around 7-7.5 per cent. Inflation after a flat industrial...
  • Dow leaps 286 points, its biggest day of the year June 7, 2012

    New York: Speculation that governments in the US and Europe will act to help their economies sent stocks surging to their best day this year. Atlanta Federal Reserve President Dennis Lockhart said in a speech that weak job growth over the past two months highlighted the "halting and tenuous" recovery. If...
  • Greek tragedy hits world, but Sensex climbs November 2, 2011

    Mumbai: The 50-share NSE Nifty rose 0.5 per cent after a recovery in Asian markets on Wednesday. Oil & gas, FMCG, Anil Dhirubhai Ambani Group stock, select technology and financial stocks led the support. The BSE Sensex gained 86 points at 17,567 and the NSE Nifty jumped 26 points to...
  • Sensex rises 156 pts; IT stocks lead rally August 23, 2011

    Mumbai: The Bombay Stock Exchange benchmark Sensex on Tuesday added over 156 points as investors picked up stocks, particularly IT shares, available at lower levels after recent losses, amid firming global cues. The 30-share barometer advanced by 156.77 points to close at 16,498.47 points. The index...
  • S&P President Sharma stepping down: report August 23, 2011

    Sydney: The President of Standard & Poor's, Deven Sharma, is stepping down, just a few weeks after the ratings firm issued a controversial downgrade of US government debt, the Financial Times reported. Citing people familiar with the matter, the FT said Sharma would be replaced by Douglas Peterson, chief operating officer...
  • Stocks hit by US selloff in short term: Pranab August 19, 2011

    New Delhi: The Indian stock markets have been affected by the US market sentiments in the short term, even though the country's economy is robust and its growth story is intact, Finance Minister Pranab Mukherjee said in a statement released after market hours on Friday. Indian shares fell nearly 2 per...
  • Wall St recovers, S&P 500 and Nasdaq up 4 pc August 12, 2011

    New York: The S&P 500 and Nasdaq rose more than 4 per cent in afternoon trading on Thursday while the Dow added to gains, with energy and financial services companies among the strongest sectors. Solid results from Cisco and mildly encouraging US jobs data helped stocks recover from recent steep losses. The...
  • Wall Street tumbles on French bank worry August 10, 2011

    New York: US stocks fell sharply on Wednesday, wiping out most of the previous session's gains, on fears of tumult in the French banking sector, which has significant exposure to shaky European debt. US financial stocks led the decline on worries that any French bank problems could spread to them. The...
  • Bloodbath over, Sensex ends in green August 10, 2011

    Mumbai: The BSE benchmark snapped a five-day losing streak, on Wednesday, rallying 1.6 per cent following strong global cues, which included the US Federal Reserve’s pledge to keep interest rates near zero for two more years. However, a volatile European market and fragile US index futures kept investors on the edge...
  • Fed promises to keep rates low for 2 years August 10, 2011

    Washington: The Federal Reserve on Tuesday said it will keep its hefty monetary policy stimulus for at least another two years, an effort to support a flagging economy and fragile global markets that faced considerable internal dissent. It was unclear whether the decision, which involved no new commitment of funds for...
  • Wall Street pares gains after Fed statement August 10, 2011

    New York: Stocks pared gains and the Dow and S&P 500 briefly turned negative on Tuesday in volatile trading after the US Federal Reserve said the economy had weakened. The Dow Jones industrial average was up 60.43 points, or 0.56 per cent, at 10,870.28. The Standard & Poor's 500 Index was...
  • US will be a 'AAA' country: Obama August 9, 2011

    President Barack Obama essentially dismissed the first-ever downgrade of the US credit rating. ...
  • Markets down on global cues; no panic selling August 8, 2011

    The European market surprisingly opened up after ECB decided to buy the bonds of Italy and Spain. ...
  • 1 in 3 chance of future downgrade: S&P warns US August 8, 2011

    Washington: Issuing a fresh warning, Standard and Poor's on Sunday said that there is one-third chance of further downgrading of US's sovereign credit rating, two days after it downgraded it from AAA to AA+, sending shock waves across the country. Giving a bleak future of America's credit rating, a top official...
  • Jobs report is good enough to calm Wall Street August 6, 2011

    Washington: Better. The job market beat expectations, and the stock market managed a modest gain - not great, but good enough after a turbulent week. The nation added 117,000 jobs in July, the government said on Friday - far from what happens in a healthy economy, and only good for...
  • Wall Street crash: Americans upset with govt August 6, 2011

    The Wall Street crash has triggered a lot of talk about debt ceilings, jobs and the economy. ...
  • 'Wall Street's impact on India is limited' August 5, 2011

    New Delhi: With fears of the world heading towards another financial crisis written all over global markets, the Indian market is not likely to be any safe from the carnage. However, in an interview with CNBC-TV18, portfolio manager, PN Vijay says that Friday maybe the 'last tough day' for investors....
  • US markets worst hit in two years August 6, 2011

    Wall Street is reeling after suffering its single worst day since the 2008 financial crisis. The Dow alone plummeted more than 500 points on Thursday. ...
  • Wall Street slide sends waves across US economy August 5, 2011

    New York: A scary drop in stocks and commodities threatens to squeeze life out of an already faltering US economy, with deal-making, investment in plants and equipment, and capital raising at risk of slowing down or freezing up. This will likely further damage consumer confidence, already jarred by the toxic battle...
  • Impact of the Republican lead on US market November 3, 2010

    Two years after Obama won the White House, voter anxiety about the economy and discontent with his leadership fueled big Republican gains. ...
  • Mahindra & Mahindra to enter US market July 15, 2009

    Washington: Indian vehicle manufacturer Mahindra & Mahindra Ltd is set to enter the US market with a diesel-powered pickup later this year, the first vehicle produced in India for sale in America. The name of the pickup has not been released. Global Vehicles USA Inc, of suburban Atlanta, is the truck's...
  • Big US banks get ready for stress tests February 25, 2009

    Washington: The Obama administration is getting ready to conduct "stress tests" on the biggest US banks to judge whether they can hold up if the recession were to worsen. Banking regulators plan to scrutinize the financial conditions of Citigroup Inc, Bank of America Corp and more than a dozen other institutions...
  • Wall Street goes tumbling down to 12-year low February 24, 2009

    New York: Big losses have sent two major gauges of Wall Street - the Dow and S&P 500 - tumbling to their lowest levels not seen in nearly 12 years as investors worried about the government's efforts to slow the recession. The Dow Jones industrial average Monday lost 250 points, or...