Special Report 6-Sep-2018
Global markets at a glance The Nasdaq fell more than 1 percent on Wednesday, dented by technology stocks after Facebook Inc and Twitter Inc executives defended their companies before sceptical U.S. lawmakers. Adding to pressure on technology stocks, the Justice Department later said it would meet with state attorneys general to discuss worries that social media platforms were "intentionally stifling the free exchange of ideas." Facebook and Twitter were not specifically named. Twitter shares dropped 6.1 percent. Facebook shares fell 2.3 percent, contributing heavily to both the Nasdaq's and the S&P 500's declines. The Dow, however, eked out a slight gain. Global equities remained under pressure with stocks in Asia down for the sixth straight day on Thursday amid fragile investor confidence in the wake of turmoil in emerging markets and anxiety about a major escalation in the USChina trade conflict.MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.26 percent to hit its lowest since mid-August. Japan's Nikkei slipped 0.58 percent while Australian shares fell 0.95 percent.Investors were focussed on the Sino-US trade war with a public consultation period in the United States ending Thursday on additional USD 200 billion of US tariffs on Chinese goods. Previous day Roundup The Nifty50 after opening lower extended losses as the day progressed after the rupee hit record low of 71.96 a dollar intraday. But as the rupee showed smart recovery from day's low, the index managed to trim losses in the last hour of trade to close above 11,450 levels on Wednesday. The Nifty50 hold on to its crucial support placed at 11,400 levels and made a bearish candle which looked like a ‘Hammer’ like pattern on daily charts. The Nifty50 opened at 11,514.85 and managed to hit an intraday high of 11,542.65 amid volatility in the initial few minutes of trade, followed by gradual fall which dragged the index below 11,400. The index hit an intraday low of 11,393.85 but started recouping some of the losses in last hour of trade and closed 43.30 points lower at 11,477. It recovered 83 points from day's low.The short covering or value buying seen in the last hour of trade may continue in the coming session but that may not sustain for long as short term structure of the market is still weak Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[0.80], Consumption[-48.00pts],Bank[-54.70pts],Auto [34.30pts],FinService[-61.95pts],Fmcg[-273.80pts],Media[29.10pts],Pharma[97.85pts],IT[ -8.80pts],Metal [37.60pts],Realty[-3.00 pts], Pvt Bank[-31.30pts].
World Indices Index
Value
% Change
25,974.99
+0.09
S&P500
2,887.75
-0.02
NASDAQ
7,526.00
-0.08
FTSE100
7,383.28
-1.01
22,473.52 27,096.60
-0.48 -0.54
DJI
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Yes Bank
343.80
9.75
2.92
Vedanta
229.45
4.65
2.07
Hindalco
239.95
4.85
2.06
Wipro
318.85
5.50
1.76
Tata Motors
266.50
4.55
1.74
CMP
Change
% Chg
271.35 47.90 1,611.70 482.45 863.90
-12.70 -1.50 -39.50 -10.70 -17.00
-4.47 -3.04 -2.39 -2.17 -1.93
Top Losers Company
Bharti Infratel Idea Cellular HUL Zee Entertain Titan Company
Stocks at 52 Week’s HIGH APLLTD BANKBEES
602.95 2799.37
35.75 -7.37
5.93 -0.26
CANTABIL
159.15
-5.75
-3.61
CENTEXT
8.25
-0.05
-0.61
ELECTROSL
12.1
0.6
4.96
GANGOTRI
2.8
0.1
3.57
Prev. Close
Change
%Chg
19.2 991.8 78.5 1715.8 5.15
0 -2.4 -1.55 4.2 0.05
0 -0.24 -1.97 0.24 0.97
Stocks at 52 Week’s LOW Symbol
A2ZINFRA ACCELYA AGLSL AKZOINDIA ALCHEM
Indian Indices Company
CMP
Change
% Chg
NIFTY
11477.00
-43.30
-0.38
SENSEX
38018.31
-139.61
-0.37
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