Black money: 'No reason given for not revealing names'

"The government is saying that the Double Tax Avoidance Agreement (DTAA) which India had signed with other countries prevented it from revealing the names of the foreign account holders, which is not a valid reason", Swamy told reporters on the sidelines of an event here.

BJP leader Subramanian Swamy today said the government was not giving a valid reason in not revealing names of the accounts of Indians held in foreign banks.

"The government is saying that the Double Tax Avoidance Agreement (DTAA) which India had signed with other countries prevented it from revealing the names of the foreign account holders, which is not a valid reason", Swamy told reporters on the sidelines of an event here.

Although there is a secrecy clause in the DTAA which was preventing the government from disclosing the names, the hurdle could be overcome, he said. Swamy said when Pranab Mukherjee was the Finance Minister before becoming President, he had written to German government for disclosure of names under the DTAA for accounts held in Liechtenstein.

"Now what the government have to do now is that it will again have to write to the German counterpart that earlier it had wrongly sought disclosures under DTAA. Now the government is seeking the disclosures under a particular UN resolution ", he said.

Swamy said that he has written to Prime Minister Narendra Modi that the argument forwarded by Finance Minister Aru Jaitley was not correct.

When pointed out that when BJP was in the Opposition, the party had criticised the Congress-led UPA for citing DTAA as the sole reason for the government not being able to disclose the names and the present dispensation was doing the same now, Swamy said that "it is the BJP which had formed the SIT soon after coming to power".

"Why did not the Congress form it despite the Supreme Court giving directions in 2011", he asked. "The black money stashed abroad should be brought back to India and we will do that", he asserted. Swamy said that black money was also legitimised through participatory notes.

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Ways to secure and safeguard your dream home

Devika Ghosh
Moneycontrol.com

With increasing standard of living comes many a perils of modern day lifestyle – be it burglary, fire or theft. You wouldn't want all your hard earned money going down the drain just because of your carelessness or lack of awareness. Moving away from the 'It can't happen to me' mindset, more and more people have become aware of the real dangers in terms of guarding their homes and other assets.

Even in the recent past, most people considered security systems to be a luxury. But today's advanced technologies allow most individuals to go for more reliable, effective and affordable security systems.

Alarms and surveillance systems are some of the sure shot ways of guarding your home. Residences equipped with home security systems will trigger immediate alarms, in case of a break-in, thus alerting the police.

According to recent studies, houses equipped with home security systems are three times less likely to become the target of burglaries than ones without.

Some of the best ways of protecting your home are listed below:

Burglar Alarm: With burglar alarm prices coming down, more and more households are going in for it to secure their homes. The do it yourself - wired or wireless – systems, setting off an alarm in case of a break-in is the most popular form of burglar alarm.

These alarms come in two forms - open and closed circuit. Open circuit systems work when a window or a door is opened, the circuit is immediately completed and the alarm goes off, while closed work when a window or door is opened, the circuit is broken - also setting off the alarm.

Security cameras: One of the most advanced and newest ways of guarding your home, information and data is by installing an IP security camera. Compared to the old, traditional security cameras, an IP security camera converts data directly and stores it on an identifiable source, like a hard disk.

Security system: Enable separate alarms for doors and windows and install live monitoring system service. Also, it is also imperative that you invest in a good outdoor alarm system and proper locks.

Fireproof safes and smoke detectors: To guard your valuables against one of the most harmful and powerful forces of nature – fire – adequate security needs to be in place, which includes fireproof safes and smoke detectors.

Mobile Apps for home security: With the smartphone age, this article would be incomplete without a mention of mobile phone apps for home securities. You can choose from many a apps to ensure that if in case there is a break-in attempt, you get an immediate notification on your cell phone. The advanced technology also allows you to watch live videos of what is happening around your home, switch off and on your lights, appliances and thermostat. There is a home security system app available for you whether you want complete home automation or just basic controls.

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Ford EcoSport facelift spied without the rear-mounted spare tyre

The door-mounted spare wheel, that gives away the EcoSport's identity to even common observers, might be given a miss in its first facelift. If the spied images captured by Autoevolution are anything to go by, the said observers will have to rely on other telling features to confirm if they are at all following the popular crossover from Ford. The move from Ford is bound to get a mixed reaction. The removal of the bulky weight from the door definitely has the back of the... Read More

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U.S. stocks rise on Fed implications from soft jobs data; Dow up 0.11%

Investing.com - Investing.com - U.S. stocks rose on Friday after a soft October jobs report left many concluding the Federal Reserve might hold off on raising interest rates until later in 2015 than once anticipated, leaving borrowing costs low while the economy continues to grow.

At the close of U.S. trading, the Dow 30 rose 0.11%, the S&P 500 index rose 0.03%, while the NASDAQ Composite index fell 0.13%.

The CBOE Volatility Index index, which measures the outlook for market volatility, was down 3.80% at 13.15.

The Department of Labor reported earlier that the U.S. economy added 214,000 jobs in October, missing expectations for an increase of 231,000. The number of jobs added in September was revised to 256,000 from a previously estimated 248,000.

The report also revealed that the U.S. unemployment rate ticked down to 5.8% in October from 5.9% in September. Analysts had expected the unemployment rate to remain unchanged last month.

While not overwhelmingly disappointing, the less-than-stellar report did give investors room to rethink when the Federal Reserve will hike interest rates next year.

The Fed recently closed its monthly bond-buying program and is expected to raise interest rates some time in 2015, though the timing as to when next year benchmark borrowing costs may rise remains up in the air thanks to hit-or-miss U.S. data.

Leading Dow Jones Industrial Average performers included Wal-Mart Stores Inc (NYSE:WMT), up 1.33%, Verizon Communications Inc (NYSE:VZ), up 1.13%, and Visa Inc (NYSE:V), up 0.92%.

The Dow Jones Industrial Average's worst performers included UnitedHealth Group Incorporated (NYSE:UNH), down 2.71%, Walt Disney Company (NYSE:DIS), down 2.18%, and Nike Inc (NYSE:NKE), down 0.90%.

European indices, meanwhile, ended the day largely lower.

After the close of European trade, the DJ Euro Stoxx 50 fell 1.20%, France's CAC 40 fell 0.89%, while Germany's DAX fell 0.91%. Meanwhile, in the U.K. the FTSE 100 rose 0.25%.

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Nifty may open positive: ICICIdirect

According to ICICIdirect, Nifty is likely to open positive on the back of strong global cues. It is likely to trade in the 8330-8410 range.

ICICIdirect's Derivative Report:

Post a positive start, good buying was seen in the banking, FMCG, capital goods and pharma space whereas metals remained under pressure. The index finally ended 15 points higher. Nifty futures premium increased and settled at 42 points. India VIX declined 0.52 percent and settled at 13.66

FIIs bought Rs 1031 crore while DIIs sold Rs 1205 crore in the cash segment. FIIs bought Rs 722 crore in index futures and Rs 972 crore in index options. In stock futures, they sold Rs 836 crore.

The highest Put base is at the 8000 strike with 55 lakh shares while the highest Call base is at the 8500 strike with 41 lakh shares. The 8400 and 8500 Calls witnessed addition of 1.78 and 1.25 lakh shares, respectively. The 8300 and 8400 Put strikes saw addition of 6.77 and 4.70 lakh shares, respectively.

Nifty Future: The Nifty is likely to open positive on the back of strong global cues. It is likely to trade in the 8330-8410 range. Buy Nifty in the range of 8350-8355 for targets of 8385-8405 with a stoploss of 8335.

Bank Nifty Future: Further accumulation of long position continued, with good buying in the range of 17100-17200. Also, strong FII inflows are supporting the current upward trend. We feel the current up move will continue. Buy Bank Nifty at 17100-17130 with target of 17250-17400 and stoploss of 17050.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Here are some stock picks from Amit Trivedi

Watch the interview of Amit Trivedi of Investworks.in with Latha Venkatesh & Sonia Shenoy on CNBC-TV18, in which he shared his reading and outlook on market and specific stocks.

Watch the interview of Amit Trivedi of Investworks.in with Latha Venkatesh & Sonia Shenoy on CNBC-TV18, in which he shared his reading and outlook on market and specific stocks.

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Forex - Japanese yen weakens ahead of release of October board minutes

Investing.com - Investing.com - The Japanese yen was steady to slightly weaker in Asia on Thursday with the focus on release of last month's central bank board meeting minutes.

USD/JPY traded at 114.68, up 0.01%, while AUD/USD changed hands at 0.8578, down 0.20%.

The Bank of Japan minutes of its Oct. 6-7 policy board meeting are due at 0850 Tokyo time (2350 GMT). At that meeting, the BOJ board unanimously to leave the policy target unchanged.

In Australia, the October labor force survey is due at 1130 Sydney time (0030 GMT) with a gain of 10,300 jobs seen and an unemloyment rate stable at 6.1% expected.

Overnight, industry data revealing that more private-sector hiring took place last month than investors were expecting gave the dollar a boost over most of its peers on Wednesday.

Payroll processing firm ADP reported earlier that non-farm private employment rose by 230,000 last month, beating expectations for an increase of 220,000.

The economy created 225,000 jobs in September, whose figure was upwardly revised from a previously reported 213,000.

While not always as a reliable predecessor for the government's official jobs report, the latest due out on Friday, Nov. 7, the ADP report does offer guidance on private-sector hiring, and Wednesday's report offset data revealing that service-sector activity in the U.S. grew at its slowest rate in four months in October.

The Institute of Supply Management reported earlier that its non-manufacturing purchasing managers' index fell to 57.1 in October from a 58.6 in September. Analysts had expected the index to inch down to 58.0 in October.

The Non-Manufacturing Business Activity Index decreased to 60.0 from September's 62.9 reading.

The New Orders Index fell to 59.1 from September's 61.0 reading.

The Employment Index increased 1.1 points to 59.6 from the September reading of 58.5 and indicates growth for the eighth consecutive month, which supported the greenback as well.

On the index, a reading above 50.0 indicates the non-manufacturing sector economy is generally expanding, below 50.0 indicates the sector is contracting.

According to the report, 16 non-manufacturing industries reported growth in October.

The euro, meanwhile, held lower as investors awaited the European Central Bank's latest decision on interest rates and monetary policy this Thursday.

The ECB was widely expected to keep monetary policy unchanged, but the Bank of Japan's surprise stimulus move on Friday fueled expectations that it will soon follow suit in order to spur growth and inflation in the euro area.

The US dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 0.01% at 87.52.

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U.S. stocks rise on jobs data, election results; Dow gains 0.58%

Investing.com - Investing.com - U.S. stocks rose on Monday after investors applauded an upbeat private-sector jobs report as well as a Republican victory in Tuesday's elections, which gave the party control of both houses of Congress.

At the close of U.S. trading, the Dow 30 rose 0.58%, the S&P 500 index rose 0.57%, while the NASDAQ Composite index fell 0.06%.

The CBOE Volatility Index index, which measures the outlook for market volatility, was down 4.43% at 14.23.

Payroll processing firm Automatic Data Processing Inc (NASDAQ:ADP) reported earlier that non-farm private employment rose by 230,000 last month, beating expectations for an increase of 220,000.

The economy created 225,000 jobs in September, whose figure was upwardly revised from a previously reported 213,000.

While not always as a reliable predecessor for the government's official jobs report, the latest due out on Friday, Nov. 7, the ADP report does offer guidance on private-sector hiring, and Wednesday's report drew applause on Wall Street amid hopes for continued U.S. recovery.

Elsewhere, the Institute of Supply Management reported that its non-manufacturing purchasing managers' index fell to 57.1 in October from a 58.6 in September. Analysts had expected the index to inch down to 58.0 in October.

Still, a reading over 50 indicates the service-sector economy is generally expanding, while below 50.0 indicates the sector is contracting, which boosted stocks as well.

In other news, U.S. Republicans took control of the Senate, which gave them control of both houses of Congress.

The results drew applause on perceptions that a divided government with a Democratic White House and a Republican Congress historically tends to see upbeat stock markets in the U.S.

Leading Dow Jones Industrial Average performers included Visa Inc (NYSE:V), up 2.66%, Dupont Fabros Technology Inc (NYSE:DFT), up 1.89%, and J P Morgan Chase & Co (NYSE:JPM), up 1.48%.

The Dow Jones Industrial Average's worst performers included Intel Corporation (NASDAQ:INTC), down 2.27%, Boeing Company (NYSE:BA), down 1.29%, and Pfizer Inc (NYSE:PFE), down 0.81%.

European indices, meanwhile, ended the day higher.

After the close of European trade, the DJ Euro Stoxx 50 rose 1.83%, France's CAC 40 rose 1.89%, while Germany's DAX rose 1.63%. Meanwhile, in the U.K. the FTSE 100 rose 1.32%.

On Thursday, markets will track weekly initial jobless claims data.

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HOV Services: Updates on merger transaction-SourceHOV

With reference to earlier letter dated September 29, 2014 regarding Merger transaction-SourceHOV, HOV Services Ltd has now informed BSE that the SourceHOV Holdings Inc., a Company in which HOVS LLC, wholly owned US subsidiary, holds an investment, has completed the merger with BancTec Group LLC.

With reference to earlier letter dated September 29, 2014 regarding Merger transaction-SourceHOV, HOV Services Ltd has now informed BSE that the SourceHOV Holdings Inc., a Company in which HOVS LLC, wholly owned US subsidiary, holds an investment, has completed the merger with BancTec Group LLC.In this regard the Company has issued a Press Release.Source : BSE

Read all announcements in HOV Services

To read the full report click here

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Alchemist Realty: Updates on outcome of AGM

Alchemist Realty Ltd has submitted to BSE a copy of Minutes of the 30th Annual General Meeting (AGM) of the Company held on September 30, 2014.

To read the full report click here

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Video worth watching: New Honda Civic Type R showcased

The upcoming Honda Civic Type R is hugely exciting because the Japanese company claims that it will be the most extreme Type R they have ever built, and that includes the legendary NSX! Honda is yet to take the wraps off a production Civic Type R but what we know about the car is that it will run a 2.0-litre turbocharged four-cylinder engine that will make in excess of 276PS. [youtube=http://www.youtube.com/user/ HondaVideo&w=586&h=340] This new video released by Honda shows the car being driven around and lets... Read More

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Indian ADRs: Wipro rises 1.6%, Tata Motors declines 2.6%

Among technology stocks, Infosys rose 0.21 percent to USD 67 and Wipro climbed 1.56 percent to USD 12.39 per ADR.

Moneycontrol Bureau

Indian ADRs were mixed in Monday's trade. Among technology stocks, Infosys rose 0.21 percent to USD 67 and Wipro climbed 1.56 percent to USD 12.39 per ADR.

In the banking space, ICICI Bank was unchanged at USD 56.36 while HDFC Bank advanced 0.06 percent to USD 52.46.

Among others, Tata Motors fell USD 2.59 percent to USD 45.88 following weak October auto sales data. Dr Reddy's Laboratories declined 0.31 percent to USD 52.13.

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Underweight on consumers; bet on Britannia, Marico: CIMB

Varun Lohchab, Regional Head of Consumer, CIMB Equities is not enthused by the volume growth reported in Q2 results by Emami. He finds the valuations of the stock expensive.

Varun Lohchab, Regional Head of Consumer, CIMB Equities is underweight on the Indian consumer sector. In an interview to CNBC-TV18 he said that the consumption space will take some time to bounce back and an uptick will only happen in FY16.

He further added that festive season demand has been not great and there has been no material pick-up. Lohchab is not surprised by the slowdown in earnings reported by companies in this sector.

On specific stocks, CIMB maintains a reduce rating on  GCPL since risk- reward is not favourable. It recommends buying  Jubilant Foodworks on every dip as a recovery expected n FY16. However, it has downgraded watch-to-jewellry maker  Titan to hold.

Lohchab's preferred picks in consumer space remain  Britannia and Marico .

Transcript to follow shortly

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Standard Surfactants: Outcome of board meeting

Standard Surfactants Ltd has informed BSE regarding Outcome of Board Meeting held on October 31, 2014.

To read the full report click here

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Tata Bolt: Checkout the finer details

Overdrive chat with Girish Wagh, Tata Motors' Vice President and Head of Small Car Project, to know more about the soon to be launched Tata Bolt.

Overdrive chat with Girish Wagh, Tata Motors ' Vice President and Head of Small Car Project, to know more about the soon to be launched Tata Bolt.

For entire chat watch accompanying video

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Why lobbying Smriti Irani may not be the way to go for RSS

R Jagannathan
Firstpost.com

The Rashtriya Swayamsevak Sangh (RSS) has been pressuring the Union HRD Minister, Smriti Irani, to make some changes in historytext-books. At a meeting yesterday (30 October), representatives from various RSS front organisations told her that she must "correct" school history textbooks so that children were taught "true" history and learn about "real Indian heroes."

While the RSS' regular meetings with Irani have been criticised for turning into an NDA version of� Sonia Gandhi 's National Advisory Council – an extra-constitutional influence on government policy – the purpose of this article is not to dwell on that aspect, but to dispel notions about what history really is, and what school curricula should or should not be about.

In calling for the writing of "correct" history, the RSS is falling into the same trap that the earlier Nehruvian consensus on history-writing led us into. If there is any incorrect thing that needs debunking in history, it is this: there is no such thing as "correct" history. All histories are versions of the truth. The more the kinds of histories we write, the closer we will get to the truth.

Let me illustrate this point with recent history. If there is one correct version of recent history, which we have all seen on TV screens or read about in newspapers or have witnessed personally, there should be only one narrative emerging from it. For example: did� Narendra Modi �win the 2014 election or did UPA lose it? Or is a third factor responsible for the results we got. There are enough reasons to believe that both points have some relevance. If Modi partisans were to write history, they would call it the triumph of one man's vision on development, or some such thing. If his detractors were to write it, they would say communal scare-mongering was a key factor in his victory. A third version may say it wasn't about Modi or Manmohan, changing demographics had everything to do with it.

If we cannot agree on recent history which we have all had direct access to, how can we ever expect to agree on what is our "true" ancient history, as deduced from broken pottery or shards of glass or defaced coins or religious literature? If there can be 300 Ramayanas, surely there can be 300 versions of history?

So, to repeat, there is no such thing as "correct" history. What there can be are many versions of history, and here the RSS is surely right to think its version should also have its day in the sun. Thus, there need not be only a Marxist-Left-Secular version of history, but a Hindu version of history, just as there can be histories told from the gender, underclass, regional or tribal perspectives.

What the RSS should not do is try and pretend that only its version is correct. It can't be.

The second issue one needs to address is this: should the party in power seek to use its control of government resources to write (or rewrite) history? I don't believe so.

If Nerhuvian-Marxist scholars like Romila Thapar and Bipan Chandra could shove their version of history down our throats, and we felt suffocated by this insistence that theirs was the only right version, it hardly makes sense for the RSS to impose the same tyranny on us. I believe that all attempts at writing history with different perspectives should be left to private think-tanks and scholars. The HRD ministry or the central government should not be involved in the process.

What does this imply? The RSS should fund independent historical research that empathises with its world view and then let these versions compete for attention and dominance with the public. If it is based on evidence, logic and research, it will hold its own against the Romila Thapar version. Writing history top-down from a position of governmental strength will never have validity – just as the Thapar version did not have authenticity with many sections of the country.

This leaves us with the question of school text-books: if what we now have is only one version of Nehru-Marxist-influenced history, why should it be retained? If it is not right to thrust a saffron version of history down our children's throats, how is the Thapar version more palatable?

Clearly, our history text-books need to be re-written – but not by replacing one bias with another.

Any rewriting should attempt to present history as a version, with references to other versions too being made at various points where there are sharp differences. Our children need to be taught that history is about looking at all versions of the truth and then making up one's mind. History is not god's truth.

If the RSS is interested in a better version of history, it should build the credibility of its approach by putting its money where its mouth is. It should invest in scholarship and research. Lobbying Smriti Irani for it is not the way to go.

The writer is editor-in-chief, digital and publishing, Network18 Group

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Gold drops on U.S. data, BoJ move to expand stimulus

Investing.com - Investing.com - Gold prices plummeted to four-year lows on Friday after strong U.S. data and a Bank of Japan decision to expand its stimulus programs sparked hefty demand for the dollar, which tends to trade inversely from the yellow metal.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 2.30% at $1,171.00, up from a session low of $1,161.00 and off a high of $1,202.40.

The December contract settled down 2.15% at $1,198.60 on Thursday.

Futures were likely to find support at $1,158.70 a troy ounce, the low from July 29, 2010, and resistance at $1,235.50, Tuesday's high.

The yen tanked and sent the dollar soaring after the BOJ said it would raise its monetary base target to an annual increase of ¥80 trillion from ¥60-70 trillion, a preemptive move to steer the economy away from deflationary decline while improving the chances of reaching inflation goals.

Adding to pressure, a Japanese government panel overseeing the Government Pension Investment Fund approved plans on Friday for the fund to raise its holding of foreign stocks to 25% of its portfolio from 12%.

Friday's changes to Japanese monetary policy caught many investors off guard and sent the dollar firming broadly, which came at gold's expense.

Strong data out of the U.S. also bolstered the greenback.

The Thomson Reuters/University of Michigan final consumer sentiment index rose to a seven-year high of 86.9 this month from 86.4 in September. Analysts had expected the index to remain unchanged.

In addition, industry data showed that the Chicago purchasing managers' index rose to a three-and-a-half year high of 66.2 in October from 60.5 in September, confounding expectations for a reading of 60.0.

The reports overshadowed earlier data showing that personal spending fell 0.2% last month, disappointing expectations for a 0.1% rise, after an increase of 0.5% in August.

U.S. personal income rose 0.2% in September, less than the expected 0.3% gain, after a 0.3% advance the previous month.

Meanwhile, silver for December delivery was down 1.96% at $16.098 a troy ounce, while copper futures for December delivery were down 0.52% at $3.047 a pound.

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Dow, SP end at record highs; BoJ move adds fuel to rally

The Dow and S&P 500 ended at record highs on Friday and other indexes posted strong gains for a second week after the Bank of Japan's surprise move to ramp up its stimulus program.

Major indexes also posted gains for the month, putting in a sharp recovery from their recent selloff that almost drove the S&P 500 into correction territory. The benchmark index is now up 8.4 percent from its October 15 low and up 9.2 percent for the year so far.

The Nasdaq finished at its highest since March 2000, while for the week the Dow rose 3.5 percent, its best percentage weekly gain since January 2013. The S&P 500 posted its best two-week gain since December 2011.
 
The day's gains were broad, with the benchmark S&P 500 index posting 126 new 52-week highs and the Nasdaq recording 229 new highs. Shares of Exxon Mobil, up 2.4 percent at USD 96.71, and Chevron, up 2.3 percent at USD 1119.95, were among the biggest positives for the Dow and S&P 500 after they reported stronger-than-expected results.

"The market technically went from violating moving averages to making new highs, and you get this surprise move out of the Bank of Japan, which is giving a little tailwind to the rally," said Eric Kuby, chief investment officer at North Star Investment Management Corp. in Chicago.

The move by the Bank of Japan, whose board voted to accelerate purchases of Japanese government bonds while tripling its purchases of exchange-traded funds and real-estate investment trusts, comes just days after the Federal Reserve wound down its years-long package of incentives.

More stimulus globally could help the outlook for stocks, especially if the US economy keeps improving and earnings keep growing, analysts said. Worries about the global economy and its impact on US earnings, the spread of Ebola and slumping oil prices were largely behind the market's recent selloff.

The majority of S&P 500 companies are beating third-quarter earnings expectations so far. With results in from 70 percent of companies, 75.8 percent are reporting earnings above analysts' expectations, according to Thomson Reuters data, well above the 63 percent average in the past 20 years.

The Dow Jones industrial average rose 195.1 points, or 1.13 percent, to 17,390.52, a record close. The Dow also hit an intraday record high of 17,395.54.

The S&P 500 gained 23.4 points, or 1.17 percent, to 2,018.05, a record finish. It came within about a point of hitting an intraday record high. The Nasdaq Composite added 64.60 points, or 1.41 percent, to 4,630.74.

For the week, the S&P 500 was up 2.7 percent and the Nasdaq was up 3.3 percent. For the month, the Dow was up 2 percent, the S&P 500 was up 2.3 percent and the Nasdaq was up 3 percent.

Among the day's biggest percentage gains, shares of Expedia rose 5.3 percent to USD 84.97 a day after it reported results. GoPro shares jumped 13 percent to USD 77.10 after forecasting better-than-expected holiday quarter sales.

The largest decliner on the Nasdaq was Starbucks, down 2.3 percent at USD 75.56, a day after it reported results.

About 8.3 billion shares changed hands on US exchanges, compared with the 7.8 billion average for the month to date, according to data from BATS Global Markets.

Advancing issues outnumbered declining ones on the NYSE by 2,363 to 717, for a 3.30-to-1 ratio on the upside; on the Nasdaq, 1,921 issues rose and 816 fell for a 2.35-to-1 ratio favoring advancers.

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