Special Report 11-Oct-2018
Global markets at a glance Wall Street was hammered on Wednesday as investors dumped high-growth names such as technology and FAANG stocks, with rising Treasury yields and trade-related worries sapping their risk appetite. The benchmark S&P 500 and the Dow Jones Industrial Average fell nearly 1.5 percent and at the day's low had retreated 3.7 percent and 3.6 percent, respectively, from their all-time highs. The Nasdaq's 2-percent drop pulled it 7.1 percent away from its high. All three indexes hit records between Aug. 30 and Oct. 3, despite the escalating Sino-US trade dispute gnawing at confidence on corporate profit growth through most of the year. But a recent IMF warning on global growth taking a hit from trade disputes has hit confidence in the stock market, as has US Treasury yields at more than 7-year highs, signalling a tightening of capital globally. Asian share markets sank on Thursday after Wall Street suffered its worst drubbing in eight months, a conflagration of wealth that could threaten business confidence and investment across the globe. It also raised the stakes for US inflation figures due later on Thursday as a high outcome would only stoke speculation of more aggressive rate hikes from the Federal Reserve. MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.9 percent to its lowest in 17 months. Japan's Nikkei sank 3.2 percent in early trading, which would be the biggest daily drop since March. Previous day Roundup Bulls made a strong come back on Wednesday. The Nifty50 after gap up opening continued to inch higher as the day progressed and reclaimed 10,450 levels, driven by financial space after SBI decided to purchase loan assets worth up to Rs 45,000 crore from NBFCs. The index closed sharply higher and formed bullish candle on the daily charts, negating the formation of lower highs for previous six consecutive trading sessions. If the 50-share NSE index sustains above 10,300 levels then it can cross 10,700 levels followed by 10,850 levels, the critical hurdle, experts said.The Nifty50 opened higher at 10,331.85 and extended gains as the day progressed. The index touched an intraday high of 10,482.35, before closing 159.10 points higher at 10,460.10. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[57.65], Consumption[111.45pts],Bank[794.05pts],Auto [229.05pts],FinService[351.15pts],Fmcg[446.85pts],Media [131.90pts],Pharma[132.60pts],IT[ -226.60pts],Metal [64.90pts],Realty[8.40 pts], Pvt Bank[463.10pts].
World Indices Index
Value
% Change
25,598.74
-3.15
S&P500
2,762.25
-0.68
NASDAQ
7,422.05
-4.08
FTSE100
7,145.74
-1.29
22,508.31 25,207.03
-4.43 -3.91
DJI
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Bajaj Finance
2,270.95
210.10
10.19
Bajaj Finserv
5,961.50
532.40
9.81
22,582.35
1496.65
7.10
Axis Bank
589.20
36.35
6.58
Zee Entertain
459.80
27.00
6.24
CMP
Change
% Chg
258.25 700.45 2,043.60 315.95 1,051.80
-8.25 -17.30 -48.20 -5.70 -16.60
-3.10 -2.41 -2.30 -1.77 -1.55
Eicher Motors
Top Losers Company
Bharti Infratel Infosys TCS Wipro HCL Tech
Stocks at 52 Week’s HIGH AAVAS
767.7
22.3
2.9
AIONJSW
45.5
-2.25
-4.95
GRSE
118
0.15
0.15
JAINSTUDIO
6.65
0.3
4.51
LIQUIDETF
1000
0.01
0
0.9
0.05
5.56
Prev. Close
Change
%Chg
25.75 140.8 16.15 179.95 4.55
0.45 -7 -1.6 -8.95 -0.2
1.75 -4.97 -9.91 -4.97 -4.4
PRAKASHSTL
Stocks at 52 Week’s LOW Symbol
21STCENMGM 8KMILES ADLABS AIFL ALCHEM
Indian Indices Company
CMP
Change
% Chg
NIFTY
10460.10
159.10
1.54
SENSEX
34760.89
461.42
1.35
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