Special Report 09-Oct-2018
Global markets at a glance The tech-heavy Nasdaq fell on Monday for the third straight day as a sell-off in Chinese markets sparked concerns about slowing global economic growth, though the S&P 500 pared losses to end nearly flat. Beijing announced a steep cut in the level of cash that banks must hold as reserves, aimed at lowering financing costs and spurring growth amid the trade spat. In Monday's trading session, the first trading session for mainland China investors since new US and Chinese tariffs went into effect, both Chinese stocks and the yuan slid. Asian shares hit 17-month lows on Tuesday as investors fretted about everything from the Chinese economy, to trade wars, higher US bond yields and political dysfunction in Europe."Risk sentiment is in a foul mood and stocks are sinking everywhere," said analysts at JPMorgan in a note. "The reasons are myriad and many are a continuation of recent overhangs."MSCI's broadest index of Asia-Pacific shares outside Japan eased another 0.15 percent after ending Monday at its lowest point since May last year.Japan's Nikkei fell 1.1 percent as it resumed from a one-day holiday, hurt in part by a rise in the safe-harbour yen.Eyes were again on China, where blue chips shed 4.3 percent on Monday in the largest daily drop since early 2016. While the stock market in China is far from a reliable gauge of economic activity, sharp falls do spill over into sentiment across the region. Previous day Roundup The Nifty ended the volatile session in green with gains of 31 points on Monday making a ‘Hammer’ like pattern on the daily charts. The Nifty closed in green after shedding around 600 points in the last 4 sessions. The Nifty bounced back from its crucial support placed at 10,200 levels. It reclaimed 10,300 levels on closing basis and now as long as it holds above this level, the bounce should take the Nifty towards 10,420, and 10,500 levels. India VIX moved up by 2.12 percent at 20.15 levels but it slipped from its intraday swing high of 21.77 levels. Overall, higher volatility suggests a bear grip but a cool off in VIX with a topping out formation could form a short-term bottom in the market. Technically, the crucial resistance is now placed at 10,50011,000 levels and pullback towards the said level might face extensive selling pressure. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-0.05], Consumption[3.30pts],Bank[174.90pts],Auto [54.00pts],FinService[-40.95pts],Fmcg[-168.00pts],Media[23.10pts],Pharma[-41.55pts],IT[-286.45pts],Metal[105.20pts],Realty[-6.70 pts], Pvt Bank[128.75pts].
World Indices Index
Value
% Change
26,486.75
0.15
S&P500
2,890.00
-0.13
NASDAQ
7,735.95
-0.67
FTSE100
7,233.33
-1.18
23,480.86 26,295.68
-1.29 0.35
DJI
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
HPCL
179.20
14.10
8.54
Yes Bank
221.20
15.20
7.38
Reliance
1,109.40
60.55
5.77
Kotak Mahindra
1,104.30
52.10
4.95
Hero Motocorp
2,873.05
132.30
4.83
CMP
Change
% Chg
206.75 222.55 694.90 317.50 1,667.70
-24.90 -18.50 -19.60 -7.80 -40.95
-10.75 -7.67 -2.74 -2.40 -2.40
Top Losers Company
Vedanta Hindalco Tech Mahindra Wipro HDFC
Stocks at 52 Week’s HIGH AAVAS
821
21
2.8
AIONJSW
41.3
2.05
4.96
JAINSTUDIO
6.05
0.3
4.96
LIQUIDETF
999.99
0.02
0
N100
650.81
5.08
0.78
0.8
0.05
6.25
Prev. Close
Change
%Chg
26.75 155.95 821 76.95 107.8
-0.5 -7.75 21 -3.95 -3.25
-1.87 -4.97 2.8 -5.13 -3.01
PRAKASHSTL
Stocks at 52 Week’s LOW Symbol
21STCENMGM 8KMILES AAVAS ABAN ABCAPITAL
Indian Indices Company
CMP
Change
% Chg
NIFTY
10348.00
31.50
0.31
SENSEX
34474.38
97.39
0.28
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