Special Report 16-Oct-2018
Global markets at a glance Even the hard-hit S&P500 energy and financial sectors managed to close the session with slight gains after a late afternoon rally. The S&P technology index gained 3.2 percent on the day, showing its strongest one-day gain since March 26, although it still registered its biggest weekly drop since March 23. “People are starting to buy in, thinking the higher flying growth stocks were oversold. They wanted to get in before next week when earnings start coming,” said Janna Sampson, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois. But until the US and China reach a trade deal, the rebound in the stockmarket could be vulnerable as investors are anxious about the impact of tariffs on corporate profits. Asian shares slipped on Monday as worries over Sino-US trade disputes, a possible slowdown in the Chinese economy and higher US borrowing costs tempered optimism despite a rebound in global equities late last week. Not helping the mood, oil prices jumped and Saudi Arabian shares tumbled on rising diplomatic tensions between Riyadh and the West after the monarchy warned against threats to punish it over disappearance of a journalist. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 percent while Japan's Nikkei dropped 0.9 percent. MSCI’s broadest gauge of the world’s stock markets, was off 0.1 percent after a sizable 3.87 percent decline last week to a one-year nadir, and marking its biggest weekly fall since March. The market shakeout has been blamed on a series of factors, including worries about the impact of a US-China trade war. PREVIOUS DAY ROUNDOFF The market managed to extend Friday's gains and closed higher on Monday after a roller-coaster ride. The late buying by the bulls pushed the Nifty to close above psychological 10,500 levels which resulted in a 'Dragonfly Doji' type of pattern on the daily candlestick charts on Monday which also resembles a 'Hammer' like formation. The Nifty50, after opening higher at 10,524.20 traded rangebound for the major part of the session but gained strength in late trade to close 40 points higher at 10,512.50. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[3.15pts], Consumption[-23.10pts],PSE[10.00pts],CPSE [5.30pts],Energy[120.10pts],FMCG[177.15pts],Auto[ 49.85pts],Pharma[248.50pts],IT[258.00pts],Metal[ 14.60pts],Realty[0.30 pts], Fin Serv sector[7.50pts].
World Indices Index
Value
% Change
DJI
25,250.65
-0.35
S&P500
2,756.25
+0.26
NASDAQ FTSE100
7,430.75 7,029.22
-0.88 +0.47
22,343.88 25,396.19
+0.32 -0.19
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
2,566.85
116.35
4.75
Cipla
647.85
24.95
4.01
Infosys
698.80
20.00
2.95
ITC
282.50
7.30
2.65
BPCL
296.35
7.45
2.58
CMP
Change
% Chg
5,634.25 1,526.30 212.50 749.00
-179.30 -43.30 -5.90 -19.50
-3.08 -2.76 -2.70 -2.54
351.05
-8.25
-2.30
Dr Reddys Labs
Top Losers Company
Bajaj Finserv HUL HPCL M&M GAIL
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
2896.15
47.85
1.65
JAINSTUDIO
7.6
0.35
4.61
KILITCH
147
18
12.24
LIQUIDETF
999.99
0.01
0
QGOLDHALF
1393.2
26.7
1.92
HDFCMFGETF
Stocks at 52 Week’s LOW Symbol
AIFL ALCHEM ANGIND ANKITMETAL ARCOTECH
Prev. Close
Change
%Chg
154.35 4.2 1.9 0.5 6.7
-7.7 0.2 -0.05 0 -0.3
-4.99 4.76 -2.63 0 -4.48
Indian Indices Company
CMP
Change
% Chg
NIFTY
10512.50
40.00
0.38
SENSEX
34865.10
131.52
0.38
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