Stock market gets Wall Street vote of confidence even as jitters over trade loom

as informed in A number of prominent Wall Street strategists remain sanguine about the outlook for U.S. equities, looking beyond the multitude of headwinds that have come to comprise the 2018 wall of worry. Here's whyThe Dow Jones Industrial Average DJIA+0.83% rose 0.4% to 24,456.48 and the S&P 500 SPX+0.75% gained 0.9% to 2,759.82. Uncertainty has been on the rise as President Donald Trump clashes with major U.S. trade partners. He expects the market to start picking up steam around October, in line with past midterm years. "Markets would know what to expect from Congress for the next two years, which would be nothing," Schulze quipped.

HDFC Bank Ltd.: Stock market update: RIL, Bajaj Finance, HDFC Bank, HUL hit 52-week highs

HPCL, BPCL and YES Bank were among the top gainers in the Nifty index. NEW DELHI: Over 20 stocks including Reliance Industries (RIL), Berger Paints (India), Bajaj Finance, Borosil Glass Works and HDFC Bank hit 52-week highs on NSE during Thursday's trade.HEG, Hindustan Unilever (HUL), Jubilant Foodworks, Kotak Mahindra Bank, KPIT Technologies, Mphasis, Procter & Gamble Hygiene and Health Care, Responsive Industries and Trent also featured among stocks that touched 52-week highs on NSE.Equity markets were up amid positive Asian cues, while a fresh fall in global crude oil prices and an improvement in Indian rupee against the US dollar also influenced the sentiment.Investors were on a buying spree ahead of the release of industrial growth (IIP) data for May and retail inflation (CPI) data for June.Barring Nifty IT and media, all sectoral indices were trading with gains.Heavyweights Reliance Industries, HDFC Bank, HDFC, Larsen & Toubro, YES Bank, State Bank of India and ICICI Bank were trading with gains.The NSE Nifty index was trading 107 points up at 11,055, while the BSE Sensex was up 345 points at 36,610 around 11:35 am.In the Nifty index, 39 stocks were advancing, while 11 were declining.HPCL, BPCL and YES Bank were among the top gainers in the Nifty index.

Stock market ends week solidly higher after jobs report; Biogen logs best day since 2004

as informed in All 11 primary S&P 500 sectors finished higher, with the health-care sector producing the biggest gainer, up 1.5% as Biogen enjoyed its best day in 14 years. For the week, the Dow returned 0.8%, the S&P rose 1.5%, while the Nasdaq gained 2.4%. Separately, the unemployment rate rose to 4% from 3.8%, which could reflect a higher participation rate, as well as an increase that might be tied to the end of the school year. The surge represented its best daily gain since February of 2004, according to WSJ Market Data Group. European stocks XX:SXXP+0.78% finished higher, as gold futures GCQ8+0.19% settled 0.2% lower.

Adani Power Ltd.: Stock market update: Midcaps underperform Sensex; Adani Power, SAIL among top losers

As many as 17 stocks remained in the green in the Sensex index, compared with 14 stocks that settled in the red. NEW DELHI: A majority of midcap stocks settled with losses on Thursday.Underperforming the benchmark Sensex, the BSE Midcap index settled 0.52 per cent down at 15,552 with 31 stocks advancing and 68 declining. One stock remained unchanged.Adani Power (down 5.64 per cent), Vakrangee (down 4.81 per cent), Tata Power Company (down 3.67 per cent), Steel Authority of India (SAIL) (down 3.17 per cent) and Endurance Technologies (down 2.92 per cent) stood among the top losers in the midcap index.On the other hand, GMR Infrastructure (up 5.59 per cent), Mangalore Refinery And Petrochemicals (up 4.28 per cent), GE T&D India (up 3.31 per cent), Larsen & Toubro Infotech (up 3.27 per cent) and MRF (up 1.94 per cent) were among the top gainers.Equity benchmarks Sensex scaled all-time high of 36,699.53 and Nifty50 topped the psychologically important level of 11,000 on Thursday owing to buying in oil & gas, bank, financial and FMCG amid firm Asian cues.Optimism around healthy corporate earnings, a fall in the global crude oil prices and recovering Indian rupee hemmed up together to keep the market up.The Sensex closed at a record peak of 36,548, up by 282 points, or 0.78 per cent. As many as 17 stocks remained in the green in the index, compared with 14 stocks that settled in the red.The Nifty finished day's trading at 11,023, up by 75 points, or 0.68 per cent, with 28 stocks advancing and 22 stocks declining.

tyre stocks: Stock market update: Tyre stocks rise as crude prices fall; Balkrishna Industries, Ceat up 3%

HPCL, BPCL, Indian Oil Corporation, Dr. Reddy's Laboratories and HCL Technologies were among the top gainers in the Nifty index. NEW DELHI: Most tyres stocks were trading in the green in morning trade on Thursday due to a fall in global crude oil prices.Carbon black and synthetic rubber, which form a major portion of the raw materials for tyre industries, are crude based, hence a change in crude oil prices have an impact on tyre stocks Brent crude oil had its biggest one-day drop in two years on Wednesday as escalating US-China trade tensions threatened to hurt oil demand, and news that Libya would reopen its ports raised expectations of growing supply.Shares of Balkrishna Industries (up 3.46 per cent), Ceat (up 3.17 per cent), J K Tyre & Industries (up 2.58 per cent), Apollo Tyres (up 2.34 per cent) and TVS Srichakra (up 2.10 per cent) climbed up to 3 per cent.MRF (up 1.65 per cent), PTL Enterprises (up 1.64 per cent), Phillips Carbon (up 1.22 per cent), Oriental Carbon & Chemicals (up 0.91 per cent) and Goodyear India (up 0.60 per cent) were also witnessing traction in their shares.The BSE Sensex scaled fresh record high in early trade on Thursday amid firm global cues and fall in crude oil prices.The NSE Nifty also reclaimed 11,000-mark in today's trade for the first time since February 1, 2018.The NSE Nifty50 index was trading 80 points up at 11,028 around 09:30 am, with 40 stocks in the green and 10 in the red.The 30-share BSE Sensex was up 258 points at 36,524 around the same time.HPCL, BPCL, Indian Oil Corporation, Dr. Reddy's Laboratories and HCL Technologies were among the top gainers in the Nifty index.

collected by :Molly Tony