Special Report 23-Oct-2018
Global markets at a glance The S&P 500 and the Dow fell in choppy trading on Monday as energy and financial stocks lost ground and caution grew ahead of a slew of earnings reports this week. Technology sector gains limited losses on the S&P 500 and helped to lift the Nasdaq. The beaten-down S&P technology index was up 0.8 percent. The S&P 500 energy index sank 1.1 percent after Halliburton warned that fourth-quarter earnings would miss estimates amid ongoing weakness in the North American hydraulic fracturing market. Halliburton fell 3 percent and rival oilfield services provider Schlumberger was down 2.9 percent.While profits of S&P 500 companies are expected to have risen 21.9 percent in the third quarter, according to I/B/E/S data from Refinitiv, many investors are focusing on the outlook for future growth due to concerns over trade, rising costs and other factors.Shares of Amazon.com and Alphabet, both due to report results this week, rose on Monday. The Dow swung between gains and losses of more than 100 points early in the session, highlighting the volatility in US equities as they struggle to recover from a recent selloff even as the earnings season gathers steam. Asian shares edged lower on Tuesday as earnings season nerves in the US dented Wall Street, while a cocktail of negative factors from Saudi Arabia's diplomatic isolation to concerns over Italy's budget and Brexit talks depressed sentiment.That rolled back some of the previous session's strong rally led by China stimulus hopes, with the MSCI's broadest index of Asia-Pacific shares outside Japan dropping 0.4 percent. Japan's Nikkei fell 1.25 percent. PREVIOUS DAY ROUNDOFF The market started off the week on a negative note with the Nifty 50 losing all its opening gains in the morning trade and closing sharply lower amid volatility despite strong global cues on October 22. Monday's intraday price action is clearly favouring the bears as two attempts by the bulls, during the course of the day, succumbed to the pressures of bears who succeeded in pushing the indices to much lower levels, experts said. The index closed below the psychological 10,300 levels and formed large bearish candle which resembles a 'Bearish Belt Hold' kind of pattern on the daily charts. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-50.70pts], Consumption[-14.20pts],PSE[-27.35pts],CPSE[31.00pts],Energy[-352.50pts],FMCG[-47.70pts],Auto [10.20pts],Pharma[ -3.65pts],IT[-55.45pts],Metal[ 25.35pts],Realty[-0.65 pts], Fin Serv sector[51.80pts].
World Indices Index
Value
% Change
DJI
25,317.40
-0.50
S&P500
2,755.88
-0.43
NASDAQ FTSE100
7,468.63 7,042.80
0.26 -0.10
22,106.36 25557.05
-2.36 -2.33
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Indiabulls Hsg
713.15
59.35
9.08
Eicher Motors
22,425.10
799.80
3.70
ICICI Bank
327.10
11.65
3.69
HCL Tech
980.05
21.55
2.25
NTPC
164.85
3.40
2.11
CMP
Change
% Chg
IndusInd Bank BPCL UltraTechCement Reliance
1,449.45 271.15 3,463.25 1,062.65
-127.25 -12.40 -146.35 -38.65
-8.07 -4.37 -4.05 -3.51
Bajaj Finserv
5,250.20
-169.00
-3.12
Top Losers Company
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
8KMILES
114.15
-5.7
-4.99
GOLDBEES
2835.2
24.5
0.86
1000
0.01
0
8.7
0.4
4.6
1000
0.01
0
ICICILIQ JAINSTUDIO LIQUIDETF
Stocks at 52 Week’s LOW Symbol
8KMILES ABGSHIP ABMINTLTD ADLABS AGCNET
Prev. Close
Change
%Chg
114.15 3.6 16 12.3 66.55
-5.7 0.1 0 -0.1 -6.25
-4.99 2.78 0 -0.81 -9.39
Indian Indices Company
CMP
Change
% Chg
NIFTY
10245.30
-58.20
-0.56
SENSEX
34134.38
-181.25
-0.53
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