Special Report 7-Sep-2018
Global markets at a glance The tech-heavy Nasdaq saw sharp declines on Thursday as internet stocks faltered for a second day on concerns about increased regulation, while a warning from KLA Tencor led a slide in chip stocks. Chipmaker Micron sank 9 percent after Chief Financial Officer David Zinsner said prices of NAND chips declined in the third quarter and at least two brokerages said the markets for NAND and DRAM chips were worsening.Facebook fell 2.7 percent, Twitter dropped 2.1 percent, Alphabet slipped 1.8 percent and Snap was down 2.3 percent, hitting a fresh record low. The losses, along with those in chip companies sent the S&P 500 technology index down 1.32 percent, the most among the major 11 S&P sectors. Asian shares slipped to a 14-month trough on Friday as investors feared a new round of Sino-US tariffs could come at any moment, while a slump in US chip stocks rippled through the tech sector. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.34 percent to reach its lowest since mid-July last year.The Nikkei fell 0.9 percent, undermined by a rising yen and reports US President Donald Trump could be contemplating taking on Japan over trade. 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.India VIX fell by 1.03 percent to 13.64. Pause in the VIX after the sharp spurt of 10 percent indicates some consolidation could be seen with support zones. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[28.80], Consumption[-11.65pts],Bank[92.65pts],Auto [10.15pts],FinService[42.15pts],Fmcg[-11.60pts],Media [ 9 .0 0 pt s ], P h a rm a [2 7 9 . 7 5 p t s] , I T[ 4 1 .7 5 p t s] ,M et a l [9.00pts],Realty[1.40 pts], Pvt Bank[58.90pts].
World Indices Index
Value
% Change
25,995.87
+0.08
S&P500
2,884.50
-0.16
NASDAQ
7,922.73
-0.91
FTSE100
7,318.96
-0.88
22,205.82 26,699.16
-1.27 -1.03
DJI
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
1,261.40
34.40
2.80
Cipla
662.10
15.55
2.41
Coal India
283.65
6.05
2.18
Sun Pharma
677.40
13.65
2.06
Power Grid Corp
199.30
3.65
1.87
CMP
Change
% Chg
46.55 470.40 235.40 8,759.85 339.20
-1.35 -12.05 -4.55 -136.25 -4.60
-2.82 -2.50 -1.90 -1.53 -1.34
Reliance
Top Losers Company
Idea Cellular Zee Entertain Hindalco Maruti Suzuki Yes Bank
Stocks at 52 Week’s HIGH APLLTD CENTEXT
634.95 8.2
-13.55 0.5
-2.13 6.1
ELECTROSL
12.7
0.6
4.72
GANGOTRI
2.9
0.1
3.45
GLENMARK
673.75
7.25
1.08
179.3
11.6
6.47
Prev. Close
Change
%Chg
33.25 17.05 986.6 372.35 13.5
-0.65 -0.8 -1.05 -0.45 0
-1.95 -4.69 -0.11 -0.12 0
HIKAL
Stocks at 52 Week’s LOW Symbol
21STCENMGM ABMINTLTD ACCELYA ATULAUTO CUBEXTUB
Indian Indices Company
CMP
Change
% Chg
NIFTY
11536.90
59.90
0.52
SENSEX
38242.81
224.50
0.59
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