Indian ADRs: Dr Reddy’s Lab, ICICI Bank, Tata Motors slip-Sai Proficient

Indian ADRs ended mostly lower on Thursday.

In the banking space,

ICICI Bank declined 1.65 percent at USD 9.54 and HDFC Bank was down 0.77 percent at USD 97.10.

In the IT space,

Infosys was up 0.39 percent at USD 15.56 and Wipro added 1.32 percent at USD 5.39.

In the other sectors,

Tata Motors fell 1.17 percent at USD 31.19 and Dr Reddy’s Laboratories shed 1.90 percent at USD 35.02.

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Sai Proficient-Asian Market Update

Asian shares pushed higher on Friday, cheered by Wall Street gains after apparent progress on US tax legislation as investors waited for the Senate’s vote, while higher US Treasury yields underpinned the dollar.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 percent. For the week, it was 2.6 percent lower.

Japan’s Nikkei stock index was up 0.8 percent in early trade, on track to gain 1.6 percent for the week.

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US MARKET UPDATE-SAI PROFICIENT

The Nasdaq posted its biggest one-day drop in more than three months on Wednesday as investors fled high-flying technology stocks and shifted to banks and other pockets of the market that could benefit from improving economic conditions, lower regulations and taxes as well as higher interest rates.

The Dow Jones Industrial Average rose 103.97 points, or 0.44 percent, to 23,940.68, the S&P 500 lost 0.97 point, or 0.04 percent, to 2,626.07 and the Nasdaq Composite dropped 88.02 points, or 1.27 percent, to 6,824.34.

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Indian ADRS Update-Sai Proficient

Indian ADRs ended mostly higher on Tuesday.

In the IT space,

Infosys added 0.19 percent at USD 15.56 and Wipro rose 0.19 percent at USD 5.31.

In the banking space,

ICICI Bank fell 0.41 percent at USD 9.64 and HDFC Bank was up 0.28 percent at USD 98.05.

In the other sectors,

Tata Motors was unchanged at USD 32.19 and Dr Reddy’s Laboratories gained 1.51 percent at USD 35.53.

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Asian Market Update-Sai Proficient

Asian shares rose and the dollar held firm on Wednesday after Wall Street shot to record peaks amid signs of progress on US tax cuts, upbeat economic data and bank-friendly comments from the would-be head of the Federal Reserve.

There was no obvious market reaction to the latest missile test by North Korea. President Donald Trump said the United States “will take care of” the North Korea issue and the approach to dealing with Pyongyang would not change.

The missile was launched from Sain Ni, North Korea, and traveled about 1000 km before splashing down in the Sea of Japan, within Japan’s Economic Exclusion Zone (EEZ).

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Midcap outperforms Nifty; Indraprastha Gas, Indiabulls Real most active-Sai Proficient

Equity benchmarks continued to consolidate ahead of expiry of November derivative contracts on Thursday.

The 30-share BSE Sensex was down 23.97 points at 33,700.47 and the 50-share NSE Nifty fell 4 points to 10,395.50.

The broader markets continued to outperform benchmarks as the BSE Midcap index was up 0.3 percent and Smallcap gained 0.5 percent. About two shares advanced for every share falling on the BSE.

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Sensex trades lower, Midcap outperforms Nifty; HPCL, IOC, BPCL down-Sai Proficient

Equity benchmarks continued to trade mildly lower in morning, dragged by FMCG, oil marketing companies, technology and select banking & financials stocks.

The 30-share BSE Sensex was down 70.53 points at 33,608.71 and the 50-share NSE Nifty declined 30.70 points to 10,359.

The broader markets outperformed benchmarks, with the BSE Midcap index rising 0.2 percent and Smallcap up 0.4 percent on positive breadth. About 1,391 shares advanced against 847 declining shares on the BSE.

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