Indian ADRs NEWS 6 July, 2016

Indian ADRs ended mostly higher on Friday. In the IT space, Infosys was up 0.06 percent at USD 17.91 and Wipro shed 0.03 percent at USD 12.33.

In the banking space, ICICI Bank rose 0.05 percent at USD 7.23 and HDFC Bank gained 0.23 percent at USD 66.58.

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US MARKET NEWS 6 July, 2016

Stocks fell on Wall Street on Tuesday following their best weekly performance of the year as investors faced continued uncertainty in the wake of Britain's decision to leave the European Union and as tumbling oil prices weighed on energy shares.

US government bond yields reached record lows as investors found refuge in the perceived safety of Treasuries and uncertainty from Britain's vote to exit the EU, known as Brexit, fueled worries about a global economic slowdown.

Four of the top five decliners on the S&P 500 were bank stocks, with JPMorgan, down 2.8 percent to USD 59.55, weighing the most. The financial sector of the S&P was down 1.5 percent

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INDIAN RUPEE NEWS 5 July, 2016

The Indian rupee opened lower by 6 paise at 67.33 per dollar on Tuesday against previous close 67.27.

Ashutosh Raina of HDFC Bank said, "The strong rally in USD-INR has been halted by aggressive intervention. Expect the pair to trade in the 67-67.50/dollar range in near term."

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ASIAN MARKET NEWS 5 July, 2016

Asia markets were broadly lower on Tuesday at the open, likely taking cues from European equities, which slid Monday on renewed Brexit concerns. In Japan, the Nikkei 225 dropped 0.85 percent in early trade; across the Korean Strait, the Kospi slid 0.28 percent. Australia's benchmark ASX 200 was down some 0.54 percent, with the heavily-weighted financials sub-index weighing, down some 0.76 percent.

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Indian ADRs NEWS 5 July, 2016

Indian ADRs ended mostly higher on Friday. In the IT space, Infosys was up 0.06 percent at USD 17.91 and Wipro shed 0.03 percent at USD 12.33.

In the banking space, ICICI Bank rose 0.05 percent at USD 7.23 and HDFC Bank gained 0.23 percent at USD 66.58. 

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US MARKET NEWS 5 July, 2016

The major US stock indexes rose modestly on Friday, for a fourth straight day of gains, helped by encouraging US manufacturing data.

The S&P 500 tallied its best week since November, staging a strong rebound from its worst two-day decline in 10 months sparked by Britain's shock vote last week to leave the European Union. The indexes have erased almost all their losses stemming from the "Brexit" vote. "Clearly, people have assessed that either, one, it's not a big deal, or, two, it’s not going to happen at all, and they’re positioning according to those views," said Walter Todd, chief investment officer at Greenwood Capital in Greenwood, South Carolina.

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US MARKET NEWS 5 July, 2016

The major US stock indexes rose modestly on Friday, for a fourth straight day of gains, helped by encouraging US manufacturing data.

The S&P 500 tallied its best week since November, staging a strong rebound from its worst two-day decline in 10 months sparked by Britain's shock vote last week to leave the European Union. The indexes have erased almost all their losses stemming from the "Brexit" vote. "Clearly, people have assessed that either, one, it's not a big deal, or, two, it’s not going to happen at all, and they’re positioning according to those views," said Walter Todd, chief investment officer at Greenwood Capital in Greenwood, South Carolina.

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