Special Report 27-Aug-2018
Global markets at a glance The Dow Jones Industrial Average fell 76.62 points, or 0.3 percent, to 25,656.98, the S&P 500 lost 4.84 points, or 0.17 percent, to 2,856.98 and the Nasdaq Composite dropped 10.64 points, or 0.13 percent, to 7,878.46. Wall Street's major indexes fell on Thursday as tradesensitive stocks were hit by a fresh round of tariffs in the trade dispute between the United States and China.Despite ongoing talks, the two countries imposed tariffs on $16 billion worth of each other's goods. Shares of industrial giants Caterpillar Inc and Boeing Co , which have been bellwethers of trade sentiment, were among the biggest drags on the Dow. Caterpillar shares fell 2.0 percent, and Boeing shares fell 0.7 percent. In the S&P 500, the technology sector was the sole gainer, rising 0.2 percent. But it pared gains late in the session, sending the tech-heavy Nasdaq into negative territory along with the S&P and the Dow. Asian shares rose early on Monday, taking support from Wall Street’s gains on Friday after US Federal Reserve Chairman Jerome Powell said a gradual approach to raising rates was best to protect the US economy and job growth.Powell's comments, which were in line with market expectations, helped to push the S&P500 index and Nasdaq Composite to record highs on Friday, cementing the S&P's longest-running bull market, as defined by some investors.In early Asian trade on Monday, S&P500 E-mini futures ESc1 touched a record high of 2,885, and were last 0.2 percent higher at 2,882.5. The Nifty snapped its four-day winning streak and closed Friday's sideways session on a weak note, forming an indecisive Doji pattern on the daily candlestick charts. On the weekly scale, the index formed a bullish candle.The index after opening lower at 11,566.60 managed to clawback to hit a high of 11,604.60. It wiped out its gains in the first hour of trade itself to hit a low of 11,532. It remained rangebound for rest of Friday and closed 25.70 points lower at 11,557.10. For the week, the Nifty rallied 0.75 percent.The Nifty Bank index closed at 27,834.70, down 193.20 points on Friday. The important pivot level, which will act as crucial support for the index, is placed at 27,704.06, followed by 27,573.43. On the upside, key resistance levels are placed at 28,044.06, followed by 28,253.43. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-25.25], Consumption[+12.8pts],PSE[ —16.05pts],CPSE[+14.7pts],Energy[+44.60pts],FMCG[+111.15pts],Auto[ 67.10pts],Pharma[+160.70pts],IT[+98.45pts],Metal[ 48.65pts],Realty[+2.05 pts], Fin Serv sector[-1.75pts].
World Indices Index
Value
% Change
DJI
25,790.35
+0.52
S&P500
2,874.69
+0.62
NASDAQ
7,945.98
+0.86
FTSE100
7,577.49
+0.19
22,803.16 28,243.09
+0.88 +2.06
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Vedanta
224.05
9.25
4.31
ONGC
174.75
2.85
1.66
1,060.30
14.75
1.41
639.9
8.15
1.29
510.35
4.75
0.94
CMP
Change
% Chg
374.2 885.35 3,212.30 330.15 376.75
-14.4 -26.55 -72.45 -7.05 -7.75
-3.71 -2.91 -2.21 -2.09 -2.02
Grasim Axis Bank Zee Entertain
Top Losers Company
Yes Bank Titan Company Hero Motocorp ICICI Bank Adani Ports
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
295.3
47.75
16.17
BAJFINANCE
2893.85
26.65
0.92
BATAINDIA
1076.5
3.5
0.33
BBTC
1954.9
-22.9
-1.17
162
6
3.7
Prev. Close
Change
%Chg
24 5.5 6.05 0.5 39.45
1.2 0 -0.3 0 0.55
5 0 -4.96 0 1.39
AMRUTANJAN
BIRLACABLE
Stocks at 52 Week’s LOW Symbol
ADROITINFO ALCHEM AMTEKAUTO ANTGRAPHIC AYMSYNTEX
Indian Indices Company
CMP
Change
% Chg
NIFTY
11557.10
-25.65
-0.22
SENSEX
38251.80
-84.96
-0.22
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co