• SMC open account icon Open an A/C
    • Open an A/C
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Budget News

  • US Market ends higher as core capital goods orders beat expectations
  • September 26,2020  09:37
  • The US stock market finished session firmly in black after whipsawing between positive and negative territory on Friday, 25 September 2020, on the back of bargain buying in recently battered stocks after official data showed new orders for key U.S.-made capital goods increased more than expected in August and demand for the prior month was stronger than previously estimated.

    At closing bell, the Dow Jones Industrial Average index advanced by 358.52 points, or 1.34%, to 27,173.96. The S&P 500 index added 51.87 points, or 1.6%, to 3,298.46. The tech-heavy Nasdaq Composite Index rose 241.29 points, or 2.26%, to 10,913.56. For the week, the Nasdaq climbed by 1.1%, while the Dow tumbled by 1.7% and the S&P 500 fell by 0.6%.

    Most sectors in the S&P 500 index were higher, led by gains in the technology and healthcare sector. Energy bucked the trend.

    Data from the Commerce Department on Friday showed new orders for key U.S.-made capital goods increased more than expected in August and demand for the prior month was stronger than previously estimated, suggesting a rebound in business spending on equipment was underway after a prolonged slump. US Durable Goods Order rose 0.4% in August after jumping 11.7% in July. Durable goods orders were supported by a 0.5% rise in orders for transportation equipment. Orders for non-defense capital goods excluding aircraft, rose 1.8% last month, according to the Commerce Department. Data for July was revised up to show that core capital goods orders rose 2.5% instead of 1.9% as previously estimated.

    Among Indian ADR, Wipro added 3.05% to $4.73, INFOSYS added 3.98% to $13.57, HDFC Bank added 2.08% to $48.63, ICICI Bank was up 3.23% to $9.60, and Dr Reddys Labs inclined 2.72% to $69.60. WNS Holdings rose 4.58% to $63.29, Azure Power Global inclined 8.54% to $30.58, Tata Motors added 2.61% to $8.65, and Vedanta added 5.11% to $7.41.

    Powered by Capital Market - Live News

Top News
Economy News

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube

Disclaimer: Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. SMC Global Securities Ltd. (CIN : U67120DL1997PLC188881): NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432, CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH 100001849 I SMC Global Securities Ltd.: NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 I SMC Global Securities Ltd.: PMS INP000003435 I SMC Insurance Brokers Pvt. Ltd., IRDAI Regi: No: DB 272/04, License No. 289 Valid from 28-01-2020 to 27-01-2023 I Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000. For any complaints email –, website:

Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt. Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Global Securities Ltd. • IPOs and Mutual Funds distribution services are provided by SMC Global Securities Ltd. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Global Securities Ltd. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.


Toll-free : 1800-11-0909

Plus Minus 
Copyright ©2016 SMC. All Rights Reserved | Disclaimer | Privacy Policy | RMS Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)
Open An Account

Open my trading account now!  X 

* All fields are compulsory