Apple declines, Dell surges - HDFC Securities

The technology sector was in focus on Monday, as shares of Apple declined and Dell's stock surged.

The broader U.S. market was little changed as investors gear up for a slew of corporate earnings coming this week. S&P 500 lost 1 point. Nasdaq finished down just 0.3%. Earlier, it had fallen nearly 0.7%. Dow Jones finished up 0.1%.

S&P 500 companies are expected to report overall earnings growth of 2.4% for the last three months of 2012, according to FactSet Research, and financial companies are expected to lead the way with earnings growth of more than 15%. In fact, excluding the financial sector, earnings growth for S&P 500 companies is expected to be just 0.2%.

European markets stocks finished mixed, with the FTSE 100 ending in the red and the Germany's DAX and France's CAC 40 rising 0.2%.

The Indian ADRs ended on a mix note. Infosys & Tata Motors ended lower by 0.6% & 1.6% respectively. However, HDFC & ICICI Bank ended higher by 3.2% & 1.2% respectively. Tata Communications ended higher by 2.2%, while Wipro & Dr. Reddy's gained 0.8% & 0.5% respectively.

Source : Equity Bulls

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