Special Report 29-Aug-2018
Global markets at a glance The S&P 500 and the Nasdaq edged up to record highs for the third consecutive session on waning trade jitters that have vexed the markets for much of the year. On the heels of the United States-Mexico agreement to overhaul the North American Free Trade Agreement (NAFTA), focus shifted to United States' trading partner to the north as Canada's top trade negotiator joined her Mexican and U.S. counterparts in Washington in a bid to remain in the trilateral pact. All three major US indexes were marginally up in a session of back-and-forth trading as investors debated whether to take profits or ride the market's momentum. Technology companies led the advance, offset by declines utilities , materials and telecom sectors Asian share markets were left in limbo on Wednesday as optimism over the US-Mexico trade deal was quickly replaced by caution ahead of a looming deadline on tariffs with China.A flat finish on Wall Street and a dearth of major economic data across the region pointed to a quiet session ahead. MSCI's broadest index of Asia-Pacific shares outside Japan edged up just 0.02 percent in early trade.Japan's Nikkei rose 0.3 percent, while EMini futures for the S&P 500 added 0.11 percent.Wall Street offered little in the way of direction. The Dow ended Tuesday up a bare 0.06 percent, while the S&P 500 gained 0.03 percent and the Nasdaq 0.15 percent.According to Pivot charts, the key support level is placed at 11,712, followed by 11,686. If the index starts moving upwards, key resistance levels to watch out are 11,762 and 11,786.The Nifty Bank index closed at 28,269, up 5 points. The important Pivot level, which will act as crucial support for the index, is placed at 28,152, followed by 28034. On the upside, key resistance levels are placed at 28,388, followed by 28,506. Previous day Roundup Indian market hit fresh records on August 28 supported by positive global cues. The Nifty50 hit a new high of 11,760, but witnessed profit booking at higher levels and closed near its opening level forming a ‘Doji’ type of candle on the daily candlestick charts.Although the Nifty50 surpassed 11,750, it witnessed profit booking near 11,760 which pushed the index towards 11,700 levels. However, bulls managed to pull the index near its opening level of 11,731. The index finally closed 46 points higher at 11,738. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[27.05], Consumption[1.75pts],PSE[-33.15pts],CPSE[37.85pts],Energy[158.95pts],FMCG[ -109.75pts],Auto [5 0 .60 pts],P harm a[ -44 .10 pts],IT[6 8 .1 0 pts],M etal [64.35pts],Realty[-2.45 pts], Fin Serv sector[55.75pts].
World Indices Index
Value
% Change
DJI
26,049.64
+1.01
S&P500
2,901.25
+0.19
NASDAQ
8,017.90
+0.91
FTSE100
7,577.49
+0.19
22,907.86 28,367.04
+0.47 +0.34
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Hindalco
239.00
8.75
3.80
Adani Ports
386.95
8.30
2.19
Reliance
1,319.00
27.50
2.13
Vedanta
230.30
4.80
2.13
9,427.95
182.70
1.98
Maruti Suzuki
Top Losers Company
CMP
Change
% Chg
GAIL Yes Bank HPCL Cipla HUL
364.25 370.60 256.90 648.30 1,771.20
-19.10 -12.40 -5.15 -11.30 -21.10
-4.98 -3.24 -1.97 -1.71 -1.18
Stocks at 52 Week’s HIGH Symbol
ADANIENT
Prev. Close
Change
%Chg
211.85
17
8.02
80.85
6.15
7.61
3142.25
-7.35
-0.23
650.2
9.15
1.41
2950.75
-13.75
-0.47
Prev. Close
Change
%Chg
7.6 659.6 83.75 9.1 57.15
-0.15 -11.6 8.35 0.45 -2.45
-1.97 -1.76 9.97 4.95 -4.29
AFL ATUL AXISBANK BAJFINANCE
Stocks at 52 Week’s LOW Symbol
CENTEXT CIPLA DELTAMAGNT ELECTROSL FILATEX
Indian Indices Company
CMP
Change
% Chg
NIFTY
11738.50
46.50
0.40
SENSEX
38896.63
202.52
0.52
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