Special Report 29-Oct-2018
Global markets at a glance The S&P 500 ended at its lowest level since early May on Friday and flirted with correction territory after technology and internet shares sold off further, capping another volatile week for US stocks. During the session, the benchmark S&P 500 fell more than 10 percent from its Sept. 20 record closing high, but pared losses to end above that level. A finish of 10 percent or more below its all-time closing high would confirm a correction.The Nasdaq registered its biggest weekly drop since March 23 after confirming a correction earlier in the week.Grim results late Thursday from Amazon.com Inc and Alphabet Inc, two stocks that have helped power the equity markets decade-long bull run, sparked the day’s selloff and overshadowed data showing the US economy continued to grow at a healthy clip. Asian shares wobbled in early Friday trade, struggling to shake off the previous day’s global markets rout, after weak results from tech giants Alphabet Inc and Amazon.com heightened concerns over world trade and economic growth. The shaky start for regional bourses came despite a bounce on Wall Street overnight, which was helped by bargainhunting and positive earnings from Microsoft Corp.Those gains were put into perspective, however, as shares of both Amazon.com Inc and Alphabet Inc fell sharply after the closing bell on disappointing earnings. PREVIOUS DAY ROUNDOFF The market fell for a second consecutive day on Friday (October 26), which was the first day of the November series. It ended a volatile session sharply lower, but managed to defend the psychological 10,000 level. The Nifty 50 opened flat at 10,122.35, but corrected sharply to hit an intraday low of 10,004.55. The index made many attempts to hold 10,100 levels amid volatility, but failed and finally closed 94.90 points lower at 10,030.The index formed a large bearish candle which resembles a 'Bearish Belt Hold' kind of pattern on the daily charts as well as weekly scale. India VIX moved up by 3.21 percent to 19.57 levels. Volatility is not cooling off, which is concerning the market. It has to go down below 17-16 zones to rescue the bulls after the sharp cut of last two months. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-18.85pts], Consumption[-14.90pts],PSE[-23.90pts],CPSE [+1.95pts],Energy[32.35pts],FMCG[-400.05pts],Auto[2.90pts],Pharma[ -27.60pts],IT[272.20pts],Metal[ 22.90pts],Realty[-0.60 pts], Fin Serv sector[-81.60pts].
World Indices Index
Value
% Change
DJI
24,688.31
-1.19
S&P500
2,658.69
-1.73
NASDAQ FTSE100
6,852.40 6,939.56
-2.34
-0.93
21,184.60 24,717.63
-0.40 -1.12
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
UPL
622.70
23.25
3.88
Titan Company
806.90
15.65
1.98
Tata Motors
168.50
3.15
1.91
Bajaj Auto
2,513.75
36.20
1.46
Reliance
1,044.90
14.10
1.37
CMP
Change
% Chg
HCL Tech
180.70 337.45 537.70 966.60
-17.65 -15.95 -23.35 -38.25
-8.90 -4.51 -4.16 -3.81
Grasim
759.05
-25.65
-3.27
Top Losers Company Yes Bank JSW Steel Axis Bank
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
ATNINTER
0.15
0.05
33.33
BLUECHIP
0.45
0.05
11.11
999.99
0.02
0
-
-
-
-
-
-
-
-
ICICILIQ
Stocks at 52 Week’s LOW Symbol
21STCENMGM 3IINFOTECH 8KMILES ABAN ABCAPITAL
Prev. Close
Change
%Chg
24.5 3.15 88.4 72.5 96.9
-0.45 -0.05 -4.4 -1.7 -2.05
-1.84 -1.59 -4.98 -2.34 -2.12
Indian Indices Company
CMP
Change
% Chg
NIFTY
10030.00
-94.90
-0.94
SENSEX
33349.31
-340.78
-1.01
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