Todays Markets Update 12 July 2013

Indian equity settled sharply higher on Thursday after the US Federal Reserve chairman Ben S. Bernanke said Wednesday there is need to maintain accommodative monetary policy stance for the foreseeable future. Fed chairman further said the FOMC may retain interest rates to current near zero level even after unemployment rate reaches to 6.5% considering the possibility of low inflation. Even as the jobless rate may understate the weakness in the labor market, he opined.At the close, the benchmark 30-share index, BSE Sensex added 381.94 points or 1.98% at 19,676.06 with 25 components posting rise.

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Todays US Markets Update 10 July 2013

US stocks rose for the fourth day in a row on optimism about the second quarter earnings. The S&P 500 was about 1 percent below its all-time closing high of 1,669.16 and the Nasdaq posted its best close since October 2000.

The Dow Jones industrial average gained 75.65 points to close at 15,300.34. The Standard & Poor’s 500 Index rose 11.86 points to 1,652.32, the highest close since the end of May. The Nasdaq Composite Index climbed 19.43 points to end at 3,504.26.

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Today's Markets Update 10 July 2013

Sensex is up 27.80 points at 19467.28 while the Nifty is at 5866.65, up 7.65 points or 0.13%. About 342 shares have advanced, 108 shares declined, and 36 shares are unchanged.   

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