Overnight US Market

26 July 2014 - 7:07 am
The Dow Jones Industrial Average dropped below 17,000 on Friday on disappointing earnings, leaving it with its biggest weekly decline in six weeks.
Big declines consumer discretionary stocks, led by Amazon.com, pushed the S&P 500 away from the record close set on Thursday.
The Dow Jones Industrial Average (DJI) lost 123.23 points, or 0.7%, to 16,960.57, weighed down by losses in Visa Inc. For the week, the blue-chip index fell 0.8%, its biggest weekly loss since June 14.
A big contributor was Visa Inc. (V), which dropped 3.8% after the credit-card company trimmed its forecast for annual revenue growth.
The S&P 500 (SPX) closed 9.6 points, or 0.5%, lower at 1,978.34 and finished the week roughly where it started it. The Nasdaq Composite (RIXF) shed 22.5 points, or 0.5%, to 4,449.56, but eked out a weekly gain of 0.4%.

Russia has now amassed around 15,000 troops along the border with Ukraine, the U.S. ambassador to NATO said on Friday, offering a higher figure than one previously cited by the Pentagon.

U.S. ambassador to NATO Douglas Lute offered the estimate during a security forum in Colorado, saying there were “now up again over about 15,000 Russian troops amassed along the border with Ukraine.”

Meanwhile, the Pentagon said Friday that movement of Russian heavy-calibre artillery systems across the border into Ukraine is “imminent,” adding that Russia is escalating the military action there.

A Pentagon spokesman, Colonel Steve Warren, said the U.S. has seen the powerful rocket systems moving closer to the Ukraine border and they could be put into the hands of Russian-backed separatists as soon as Friday. >> Read More



A government source cited by Reuters says Israel’s security cabinet has rejected a ceasefire and seeks modifications.

GOLD MCX -An Update

25 July 2014 - 23:15 pm



Now Trading at 27910 level at MCX

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Now Trading at 44284 level

Dead Cat Bounce starts ???Trap Rally ?

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Highlights of the French jobseekers report:

  • Fresh record
  • Prior was 3388.9K
  • Net change of +9.4K vs +10.5K exp

French jobseekers

How to Change a Habit

25 July 2014 - 21:36 pm



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Above is Daily Chart of DJIA ,Now Down 138 points

Crucial Support at 16899 level.

Break below this level and sustains or closes below this level will create more panic upto 16747—16697 level.

More Details to our Subscribers ,Updated at 21:23/25th July/Baroda/India


The Reserve Bank of India has imposed a monetary penalty on 12 banks as under:

Name of the Bank

Amount of Penalty
(` in lakh)


Andhra Bank



Axis Bank



Canara Bank



Corporation Bank












IndusInd Bank



Kotak Mahindra Bank



Ratnakar Bank



State Bank of Hyderabad



Yes Bank


The Reserve Bank had carried out a scrutiny of the loan and current accounts of M/s. Deccan Chronicle Holdings Ltd., in certain branches of these banks in late 2013. Based on the findings of the scrutiny, the Reserve Bank issued show cause notices to these banks in March 2014, to which the individual banks submitted written replies. After considering the facts of each case and the individual bank’s reply, as also, the personal submissions etc., by some of the banks before its Committee of Executive Directors, the Reserve Bank came to the conclusion that some of the violations were substantiated and warranted imposition of monetary penalty as determined above.

It may be noted that the penalties have been imposed by the Reserve Bank in exercise of the powers vested in the Reserve Bank under the provisions of Section 47A(1) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account the violations of the instructions/directions/guidelines issued by the Reserve Bank from time to time. This action is not intended to pronounce upon the validity of any transaction or agreement entered into between the concerned bank and the borrower.


The UN atomic watchdog said it needs 1 million euros in extra funding to help pay for its monitoring of a four-month extension of an interim nuclear deal between Iran and six world powers, Reuters reports.

The request was made in a note to member states of the UN International Atomic Energy Agency (IAEA) dated July 24, according to Reuters, six days after the extension of last year’s agreement was announced.

Iran and the six powers – the United States, France, Germany, Russia, Britain and China – agreed to continue talking after they failed to meet a July 20 deadline for a final accord to end the decade-old dispute over Iran’s nuclear program. >> Read More

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Technically Yours,
Team ASR,
Baroda, India.