Special Report 30-Oct-2018
Global markets at a glance US stocks fell in a volatile session on Monday, with the benchmark S&P 500 index ending close to confirming its second correction of 2018, hurt by fresh worries about USChina trade policy tensions and a sharp drop in the big technology and internet shares. Following a morning rally, major US indexes pulled back steeply after a Bloomberg report that the US is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Xi Jinping falter. "Obviously this trade skirmish is metastasizing potentially into something worse than it already is," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia. Asian shares came under pressure on Tuesday after Wall Street peers finished weaker, hurt by fresh worries about the US-China trade war and were on track for their biggest October decline since the 2008 financial crisis. MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.1 percent, tracking falls in US stocks. The index has fallen more than 12 percent this month.Japan's Nikkei average rose 0.9 percent and the Australian benchmark shed 0.2 percent in early morning trade.Major U.S. indices fell steeply in volatile trade after a Bloomberg report that the United States is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Xi Jinping falter. PREVIOUS DAY ROUNDOFF Bulls staged a smart comeback on Monday after sharp selloff last week. The Nifty50 after gap up opening extended rally as the day progressed and closed above 10,250 levels, driven by short covering in banking & financials after ICICI Bank's Q2 earnings. All sectoral indices closed in the green with Pharma rising the most (up 5.2 percent) followed by Bank, Financial Service, IT, Metal and Realty which gained 2 -3 percent.The Nifty50 after opening higher at 10,078.10 extended rally as the day progressed and touched an intraday high of 10,275.30 in late trade. The index almost recovered all its previous week's losses and closed 220.90 points higher at 10,250.90, forming large bullish candle on the daily charts. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-18.85pts], Consumption[70.15pts],PSE[65.75pts],CPSE [+43.00pts],Energy[441.50pts],FMCG[243.95pts],Auto [145.85pts],Pharma[475.30pts],IT[334.05pts],Metal [85.60pts],Realty[6.80 pts], Fin Serv sector[212.35pts].
World Indices Index
Value
% Change
DJI
24,442.92
-0.99
S&P500
2,658.69
-1.73
NASDAQ FTSE100
6,713.90 7,026.32
-2.02
21,424.53 24,769.77
1.28 -0.17
NIKKEI HANG SENG
1.32
Top Gainers Company
CMP
Change
% Chg
Indiabulls Hsg
771.55
87.65
12.82
ICICI Bank
349.40
33.75
10.69
SBI
267.90
19.80
7.98
Adani Ports
326.40
22.30
7.33
Axis Bank
566.70
29.00
5.30
CMP
Change
% Chg
1,412.80 1,926.30 1,138.10 21,461.90
-33.00 -34.90 -20.50 -344.50
-2.28 -1.78 -1.77 -1.58
294.10
-3.85
-1.2
Top Losers Company
IndusInd Bank HDFC Bank Kotak Mahindra Eicher Motors Bharti Airtel
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
ATNINTER
0.2
0.05
25
BLUECHIP
0.5
0.05
10
DIVISLAB
1255.8
188.4
15
ICICILIQ
1000.01
0
0
1000
-0.01
0
LIQUIDETF
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
10250.90
220.90
2.20
SENSEX
34067.40
718.09
2.15
_____________________________________________________________________________________________________________________ Please refer to disclaimer Epic Research Ltd www.epicresearch.co