Special Report 24-Oct-2018
Global markets at a glance US stocks fell on Tuesday after worries about the earnings outlook added to recent selling pressure, though major indexes ended well off the day's lows as investors snapped up beaten-down shares late in the session. Shares of Caterpillar tumbled 7.6 percent after the heavyequipment maker maintained its 2018 earnings forecast, following forecast increases in the previous two quarters. 3M Co slid 4.4 percent after cutting its full-year profit outlook due to foreign currency-related challenges. That reignited worries over the impact of rising borrowing costs, wages and tariffs on corporate profits and caused S&P industrial stocks to slide 1.6 percent.Along with worries over profit growth, concerns over the upcoming U.S. mid-term elections and Italy's budget have also sent investors scrambling out of stocks. The S&P 500 energy index fell 2.7 percent, the most of any sector, as oil prices plunged after Saudi Arabia said it could supply more crude quickly if needed. Investors trimmed most of the losses in afternoon trading as some thought the losses were overdone. Technical buying at support levels around 2,700 on the S&P 500 also helped stocks to bounce back, strategists said. Asian stocks edged lower on Wednesday as concerns, ranging from worries about US corporate earnings to Middle East tensions, weighed on sentiment while crude oil approached two-month lows after Saudi Arabia flagged possible supply increases. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 percent, extending the decline of more than 2 percent in the previous session. Global stocks have suffered this week on worries about US earnings, Italian government finances, US trade tensions and mounting pressure on Saudi Arabia over the death of dissident journalist Jamal Khashoggi. PREVIOUS DAY ROUNDOFF The index made a small bullish candle and formed 'Long Legged Doji' pattern on the daily candlestick charts. The Nifty50 after the gap down opening traded range bound and extended losses in the second half of the session to hit an intraday low of 10,102.35. The index managed to recover some losses in late trade but still closed 98.50 points lower at 10,146.80.India VIX fell sharply by 10.87 percent at 19.03. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-39.00pts], Consumption[-43.15pts],PSE[8.60pts],CPSE[ 0.40pts],Energy[-49.70pts],FMCG[-316.95pts],Auto[51.30pts],Pharma[-278.40pts],IT[-406.70pts],Metal[26.90pts],Realty[0.35 pts], Fin Serv sector[-14.35pts].
World Indices Index
Value
% Change
DJI
25,191.40
-0.50
S&P500
2,740.69
-0.55
NASDAQ FTSE100
7,118.67 6,955.21
-0.32
-1.24
22,124.93 25,565.67
0.52 0.86
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
HPCL
217.90
7.30
3.47
Indiabulls Hsg
734.65
21.50
3.01
HDFC
1,686.75
28.45
1.72
IndusInd Bank
1,473.15
23.70
1.64
Bajaj Auto
2,586.50
29.60
1.1
CMP
Change
% Chg
Asian Paints Sun Pharma Wipro Grasim
1,138.45 575.85 309.10 825.95
-61.95 -31.05 -13.10 -31.40
-5.16 -5.12 -4.07 -3.66
UltraTechCement
3,343.65
-119.60
-3.4
Top Losers Company
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
0.3
0.05
16.67
999.99
0
0
9.55
0.45
4.71
KSB
731.5
-21.5
-2.94
LIQUIDETF
1000
0
0
BLUECHIP ICICILIQ JAINSTUDIO
Stocks at 52 Week’s LOW Symbol
3IINFOTECH 5PAISA 8KMILES AAVAS ABCAPITAL
Prev. Close
Change
%Chg
3.25 186.3 103.05 678.4 100.05
-0.05 -7.35 -5.15 -47.35 -3.05
-1.54 -3.95 -5 -6.98 -3.05
Indian Indices Company
CMP
Change
% Chg
NIFTY
10146.80
-98.50
-0.96
SENSEX
33847.23
-287.15
-0.84
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