Special Report 31-Aug-2018
Global markets at a glance Wall Street extended its rally on Wednesday, with the S&P 500 and the Nasdaq hitting record highs for the fourth straight session as technology companies pushed indexes higher and promising trade negotiations stoked investor sentiment.The FAANG group of momentum stocks also got a boost from Morgan Stanley's price target increases for Amazon.com and Alphabet Inc .Amazon's stock gained 3.4 percent, leading the consumer discretionary sector's advance, as the company edged closer to becoming the second U.S. company, after Apple, to reach $1 trillion in market value. Asian shares came under renewed pressure on Friday after reports US President Donald Trump was preparing to step up a trade war with Beijing and ready to impose more tariffs on Chinese imports.Many emerging market currencies were also frail after Argentina's peso sank on Thursday despite the central bank's interest rate hike.MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.2 percent in early trade while Japan's Nikkei dropped 0.8 percent. Previous day Roundup The Nifty50 continued to be rangebound for the second consecutive session and closed the August expiry day on a flat note with a negative bias on Thursday. The index opened flat and remained weak throughout the session, forming small bearish candle, which resembles like a 'Hammer' kind of pattern on the daily candlestick charts.The market recovered from intraday low in the late trade but that does not change the short term outlook, experts said, adding the index is expected to be weak and remained in a consolidation mode. The Nifty Midcap index continued to outperform frontline indices, rising 0.13 percent while the sectoral trend remained mixed with Nifty Bank, Auto and Financial Service falling around half a percent each. FMCG and Pharma indices gained over a percent each.The Nifty50 opened below 11,700-mark at 11,694.75, tad higher over previous day's close of 11,691.90. In early trade itself, it touched an intraday high of 11,698.80 but immediately turned lower to hit an intraday low of 11,639.70 (down 52 points) in the last hour of trade. It managed to recoup some losses in the late trade and closed 15.10 points lower at 11,676.80. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[13.55], Consumption[12.60pts],PSE[20.95pts],CPSE [5.80pts],Energy[-99.35pts],FMCG[414.40pts],Auto[49.55pts],Pharma[111.65pts],IT[4.90pts],Metal [31.00pts],Realty[1.65 pts], Fin Serv sector[-64.10pts].
World Indices Index
Value
% Change
25,986.92
-0.53
S&P500
2,900.75
-0.04
NASDAQ
8,088.36
-0.26
FTSE100
7,510.03
-0.63
22,882.46 27,882.46
-1.01 -1.01
DJI
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Sun Pharma
639.95
18.70
3.01
GAIL
376.20
8.75
2.38
UPL
696.15
16.15
2.38
Tata Steel
608.35
14.15
2.38
ITC
319.85
7.05
2.25
CMP
Change
% Chg
27,602.15 2,926.75 253.05 9,205.80 1,016.55
-586.60 -58.75 -4.65 -162.30 -16.30
-2.08 -1.97 -1.80 -1.73 -1.58
Top Losers Company
Eicher Motors Bajaj Finance HPCL Maruti Suzuki HCL Tech
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
25690.55
159.45
0.62
3190.4
134.6
4.22
184
9.75
5.3
CUB
200.9
1.6
0.8
DELTAMAGNT
101.3
6.65
6.56
Prev. Close
Change
%Chg
28.7 4.75 16.25 994.3 20.35
-0.80 -0.20 -0.05 -2.10 -1.00
-2.79 -4.21 -0.31 -0.21 -4.91
3MINDIA ATUL AURIONPRO
Stocks at 52 Week’s LOW Symbol
AARVEEDEN ABGSHIP ABMINTLTD ACCELYA AICHAMP
Indian Indices Company
CMP
Change
% Chg
NIFTY
11676.80
-15.10
-0.13
SENSEX
38690.10
-32.83
-0.08
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