Asian Markets Update-Sai Proficient

Asian shares gained on Monday, following the strong lead from Wall Street in the last session. With few data releases expected during the session, many investors awaited earnings releases from regional corporates later in the week.

In Sydney, the S&P/ASX 200 edged up 0.21 percent in the morning. Australia’s “Big Four” banks were higher on the day, with ANZ climbing 0.52 percent. Gold producers, meanwhile, took a tumble, with the All Ordinaries Gold index falling by 0.93 percent.

South Korea’s Kospi hovered around break even, gaining 0.08 percent after earlier slipping below the flat line. Gains in retailers and steelmakers were offset by losses in several heavyweight technology names. Blue chips Samsung Electronics and SK Hynix lost 1.04 percent and 1.39 percent, respectively.

Japanese markets are closed for Coming of Age Day.

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FIIs in F&O-Sai Proficient

FII net sell Rs 448 crore in Index Future

FII net buy Rs 997 crore in Index Options

FII net sell Rs 108 crore in Stock Future

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US Markets Update-Sai Proficient

The Dow industrials broke above the 25,000 level for the first time on Thursday and other major indexes hit closing record highs again, propelled by strong global economic data that extended the New Year’s rally for the stock market.

The Dow Jones Industrial Average rose 152.45 points, or 0.61 percent, to 25,075.13, the S&P 500 gained 10.93 points, or 0.40 percent, to 2,723.99 and the Nasdaq Composite added 12.38 points, or 0.18 percent, to 7,077.92.

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Indian ADRs-Sai Proficient

Indian ADRs ended lower on Wednesday.

In the banking space,

ICICI Bank was down 0.20 percent at USD 9.85 and HDFC Bank declined 0.97 percent at USD 101.34.

In the IT space,

Infosys shed 0.86 percent at USD 16.15 and Wipro fell 0.70 percent at USD 5.67.

In the other sectors,

Tata Motors slipped 1.14 percent at USD 33.93 and Dr Reddy’s Laboratories declined 1.81 percent at USD 37.40.

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Asian Markets Update-Sai Proficient

Asian shares scaled a 10-year high on Thursday as solid economic data from the United States and Germany reinforced investors’ optimism while oil prices hovered at 2-1/2-year high with unrest in Iran stoking supply disruption concerns.

MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.1 percent, coming near its 2007 peak, with Australian shares hitting a decade high.

Japan’s Nikkei jumped 2.0 percent on its first trading day of the year while the broader Topix hit its highest level since 1991.

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US Markets Update Today-Sai Proficient

US stocks rose in the first session of the new year and the Nasdaq closed above 7,000 for the first time on Tuesday as investors were optimistic that 2018 will bring more gains for the market.

The Nasdaq, driven by gains in Apple , Facebook , Amazon and Alphabet , breached 6,000 in April of last year and closed above 5,000 in 2015 for the first time in 15 years. The technology index added 1.4 percent on Tuesday, following a 37-percent surge in 2017 that made it the best-performing S&P 500 sector.

The Dow Jones Industrial Average rose 104.79 points, or 0.42 percent, to 24,824.01, the S&P 500 gained 22.18 points, or 0.83 percent, to 2,695.79 and the Nasdaq Composite added 103.51 points, or 1.5 percent, to 7,006.90.

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Stocks in the news: Infosys, TVS Motor, Lovable Lingerie, Thermax, Idea, ITC, L&T, ONGC-Sai Proficient

Infosys

Salil S Parekh is set to formally take over as the Chief Executive Officer (CEO) and Managing Director (MD) of Infosys on Tuesday. Besides improving profitability, Parekh will face challenges such as ensuring no senior-level executive exits the firm.

ONGC

State-owned Oil and Natural Gas Corp (ONGC) has made a significant oil and gas discovery to the west of its prime Mumbai High fields in the Arabian Sea, Oil Minister Dharmendra Pradhan said on Monday.

L&T

Infrastructure major Larsen & Toubro (L&T) today said it has won a Rs 2,100 crore contracts from Hindustan Petroleum Corporation Limited (HPCL) and Reliance Industries.

Gayatri Projects

Infrastructure firm Gayatri Projects today said it has bagged a Rs 583-crore project from the National Highways Authority of India (NHAI) for upgrading Cuttack-Angul section of NH-42 in Odisha.

JSW Energy

Sajjan Jindal-led JSW Energy said its deal with Jaiprakash Power Ventures to acquire 500 MW Bina thermal power plant is terminated following lapse of time for completion of the transaction on Monday.

JM Financial

Financial services provider JM Financial on Monday said it has sought shareholders' approval to raise up to Rs 650 crore by various means.

TVS Motor

Total December sales up 39 percent at 2,56,909 units from 1,84,944 units (YoY). Meanwhile, the 2-wheeler sales are up 37.9 percent at 2,47,630 units from 1,79,551 units (YoY).

Eicher Motors

Royal Enfield's total December sales up 17 percent at 66,968 units versus 57,398 units (YoY); total exports up 48 percent at 1,601 units versus 1,082 units (YoY)

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