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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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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INDIAN RUPEE NEWS 4 July, 2016

The Indian rupee gained in the early trade on Monday. It has opened higher by 9 paise at 67.23 per dollar versus 67.32 Friday.

Pramit Brahmbhatt of Veracity said, "Rupee to trade with positive bias and will continue to take cues from the domestic equity market where we will see optimism prevailing."

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ASIAN MARKET NEWS 4 July, 2016

Asian share markets took a step back on Monday, while the Australian dollar dropped after no clear winner emerged from a weekend election. Activity across much of the region was subdued as investors took stock of the potential economic fallout from the Brexit vote after days of volatile trade, and as US financial and commodity markets will be closed on Monday for the Independence Day holiday. While Australian politics usually have a muted impact on markets, the current situation suggests that possible policy paralysis ahead which could pose a threat to the country's triple A credit rating.

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Indian ADRs NEWS 4 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 4 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. 

The Dow Jones industrial average rose 19.38 points, or 0.11 percent, to 17,949.37, the S&P 500 gained 4.09 points, or 0.19 percent, to 2,102.95 and the Nasdaq Composite added 19.90 points, or 0.41 percent, to 4,862.57. 

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INDIAN RUPEE NEWS 1 July, 2016

The Indian rupee opened marginally higher at 67.50 per dollar on Friday against previous close of 67.52.

Bhaskar Panda of HDFC Bank said, "We expect the USD-INR pair to remain rangebound today. The trading range for the USD-INR is seen between 67.50-67.70/dollar."

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ASIAN MARKET NEWS 1 July, 2016

Asia markets opened higher on the first day of the new quarter, tracking global stocks' third day of recovery from the post-Brexit sell-off.

Australia's ASX 200 was up 0.7 percent, with most sectors trading up. In Japan, the Nikkei 225 was up 0.77 percent, while across the Korean Strait, the Kospi was higher by 0.79 percent.

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Indian ADRs NEWS 1 July, 2016

Indian ADRs ended higher on Wednesday. In the banking space, ICICI Bank advanced 2.90 percent at USD 7.10 and HDFC Bank was up 0.74 percent at USD 65.37. In the IT space, Infosys rose 1.31 percent at USD 17.78 and Wipro added 2.02 percent at USD 12.14.

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US MARKET NEWS 1 July, 2016

Wall Street rolled to a third straight day of gains on Thursday as Britain's central bank raised the prospect of stimulus and consumer staples shares gained on news of Mondelez International's USD 23 billion bid for Hershey.

The major US indexes each closed up more than 1 percent, tallying their best three-day run in four months. They have erased the bulk of their losses in the wake of Britain's shock vote a week ago to leave the European Union that had set off the worst two-day decline for

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INDIAN RUPEE NEWS 30 June 2016

The Indian rupee opened higher by 13 paise at 67.55 per dollar on Thursday versus 67.68 Wednesday. Mohan Shenoi of Kotak

Mahindra Bank said, "Consolidation is expected to continue in a choppy currency market. Rupee has recovered well post Brexit vote and has settled in a range."

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