Equity MRK
Friday, May 14, 2021   
Asian Paints  2773.60    (8.51%)
Axis Bank  685.10    (-0.90%)
Bajaj Auto  3848.35    (-0.78%)
Bajaj Finance  5327.95    (-0.55%)
Bajaj Finserv  10968.10    (-1.07%)
Bharti Airtel  560.55    (-0.22%)
Dr Reddy's Lab...  5195.85    (-2.00%)
H D F C  2421.80    (-0.69%)
HCL Technologi...  910.30    (0.45%)
HDFC Bank  1387.15    (-0.88%)
Hind. Unilever  2376.80    (2.05%)
ICICI Bank  597.25    (0.39%)
IndusInd Bank  891.40    (-2.82%)
Infosys  1316.80    (-0.76%)
ITC  212.35    (4.45%)
Kotak Mah. Ban...  1707.30    (-0.65%)
Larsen & Toubr...  1415.50    (2.21%)
M & M  741.65    (-2.45%)
Maruti Suzuki  6738.15    (-1.21%)
Nestle India  17217.55    (3.01%)
NTPC  111.30    (-1.72%)
O N G C  113.00    (-1.78%)
Power Grid Cor...  228.80    (1.33%)
Reliance Indus...  1936.85    (1.22%)
St Bk of India  360.50    (-2.00%)
Sun Pharma.Ind...  691.10    (-1.64%)
TCS  3050.75    (-1.22%)
Tech Mahindra  951.95    (-1.05%)
Titan Company  1456.00    (0.08%)
UltraTech Cem.  6367.70    (-0.38%)
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US Stocks end mostly higher
(08:33, 04 May 2021)
The US stocks were mostly higher on Monday, 03 May 2021, with the Dow Jones Industrial Average and the S&P 500 indexes settling higher on largely upbeat earnings and economic news, while Nasdaq Composite finished lower on profit booking after closing at new record highs last week.

At the close of trade, the Dow Jones Industrial Average index inclined 238.38 points, or 0.7%, to 34,113. The S&P 500 index was up 11.49 points, or 0.27%, at 4,193. The tech-heavy Nasdaq Composite Index fell 67.56 points, or 0.48%, to 13,895.

Shares tied to the economic reopening rallied on relaxed pandemic restrictions. New York Governor Andrew Cuomo announced capacity limits for most businesses in New York, New Jersey and Connecticut will be lifted beginning May 19. Separately, Florida Governor Ron DeSantis signed an executive order immediately suspending all local COVID-19 emergency mandates in the Sunshine State. Royal Caribbean and American Airlines rose more than 1% each. Gap rallied more than 7%. Dillard's rose nearly 10%, while Macy jumped 8%. Urban Outfitters and Kohl's both gained more than 5%.

Berkshire Hathaway shares rose 1.6% after Warren Buffett's conglomerate reported a 20% surge in earnings and continued to buy back large amounts of its own shares..

Shares of Verizon rose 0.2% after the telecom giant said it will sell its media group to Apollo Global Management for US$5 billion.

Moderna shares rose 4% after a vaccine supply deal with COVAX. Pfizer (+3.1%) will begin exporting US made doses of the Covid-19 vaccine.

ECONOMIC NEWS: US Construction Spending Marginally Higher By 0.2% In March- US construction spending inched up by 0.2% to an annual rate of $1.513 trillion in March after falling by 0.6% to a revised rate of $1.510 trillion in February, the Commerce Department reported on Monday. The uptick in construction spending came as spending on residential construction surged up by 1.7% to an annual rate of $725.2 billion. On the other hand, the report showed spending on non-residential construction slid by 0.9% to an annual rate of $444.0 billion. Spending on public construction also tumbled by 1.5% to an annual rate of $343.9 billion, reflecting steep drops in spending on both educational and highway construction. Compared to the same month a year ago, total construction spending in March was up by 5.3%.

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