Special Report 21-Sep-2018
Global markets at a glance The S&P 500 and the Dow Jones industrial average rose on Wednesday, with the Dow hitting its highest closing level since late January as rising Treasury yields boosted the financial sector and trade worries subsided.The tech-heavy Nasdaq ended the session slightly lower. Financial companies rose 1.8 percent, the biggest percentage gainer among the major S&P 500 sectors, as the benchmark 10-year Treasury yield hit a four-month high. Goldman Sachs , JPMorgan Chase , Citigroup and Bank of America ended the session up between 2.6 and 3.3 percent.The Dow Jones Industrial Average rose 158.8 points, or 0.61 percent, to 26,405.76, the S&P 500 gained 3.64 points, or 0.13 percent, to 2,907.95 and the Nasdaq Composite dropped 6.07 points, or 0.08 percent, to 7,950.04.Of the 11 major sectors of the S&P 500, seven ended in negative territory.So-called defensive stocks lost ground as rising yields provided investors with an attractive alternative to higher-risk equities. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.05 percent in early trade in Asia, taking support from Wall Street overnight.Japan's Nikkei stock index was 0.2 percent higher, while Australian shares eased 0.3 percent.The Dow Jones Industrial Average ended 0.61 percent higher on Wednesday at 26,405.76, its highest close since late January, while the S&P 500 gained 0.13 percent to 2,907.95. Previous day Roundup The index continued to fall for third consecutive session to break crucial support of 11,250 levels and formed bearish candle on the daily charts again. The Nifty Midcap index also caught in bear trap, falling nearly a percent while all sectoral indices ended in the red barring Metal and IT.The Nifty50 after gap up opening above 11,300-mark rallied to hit an intraday high of 11,332.05, but wiped out all gains in last couple of hours of trade to break crucial support and hit day's low of 11,210.90. The index fell nearly 100 points from day's high to end down 44.50 points at 11,234.40. According to Pivot charts, the key support level is placed at 11,186.13, followed by 11,137.97. If the index starts moving upwards, key resistance levels to watch out are 11,307.23 and 11,380.17. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[17.50], Co nsum ptio n[ -43 .85 pts],Bank[ -164 .1 0 pts],Auto [ 37.75pts],FinService[-92.80pts],Fmcg[-405.55pts],Media[50.15pts],Pharma[-8.45pts],IT[32.95pts],Metal [43.70pts],Realty[-3.20 pts], Pvt Bank[-71.00pts].
World Indices Index
Value
% Change
26,661.72
0.97
S&P500
2,941.25
0.06
NASDAQ
8,028.23
0.98
FTSE100
7,367.32
0.87
23,886.94 27,708.61
0.89 0.83
DJI
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
BPCL
365.05
9.95
2.80
Coal India
280.65
7.45
2.73
GAIL
384.55
9.75
2.60
Tech Mahindra
769.95
15.25
2.02
ONGC
177.00
3.10
1.7
CMP
Change
% Chg
6,312.05 1,804.65 450.80 2,499.55 692.30
-215.55 -57.50 -13.75 -70.85 -16.75
-3.30 -3.09 -2.96 -2.76 -2.36
Top Losers Company
Bajaj Finserv IndusInd Bank Zee Entertain Bajaj Finance UPL
Stocks at 52 Week’s HIGH AIONJSW CIPLA
24.35 663.7
1.2 -1.65
4.93 -0.25
DELTAMAGNT
124.05
6.2
5
DIVISLAB
1379.8
14.15
1.03
ELECTROSL
18.5
0.9
4.86
GANGOTRI
4.05
0.2
4.94
Prev. Close
Change
%Chg
3.15 31.2 89.35 71.65 1708.8
0.05 -0.5 -0.35 -1.4 -58.8
1.59 -1.6 -0.39 -1.95 -3.44
Stocks at 52 Week’s LOW Symbol
ADHUNIK ADLABS AGCNET AGRITECH AKZOINDIA
Indian Indices Company
CMP
Change
% Chg
NIFTY
11234.40
-44.50
-0.39
SENSEX
37121.22
-169.45
-0.45
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co