Special Report 08-Aug-2018
Global markets at a glance The three major US stock indexes closed higher on Monday as investors applauded a strong US earnings season with results from Berkshire Hathaway impressing and Facebook lifting Nasdaq after a report it was planning new services. The S&P edged closer to a record hit on January 26, closing within a percentage point of the all-time high for the first time since the current correction began. Investors were focused on robust corporate earnings and shrugged off worries about US tensions with countries including China and Iran. "The earnings news has been powerful and it's allowed investors to focus on what's most important but with earnings winding down then investors tend to react to the latest shiny object or geopolitical news headline," said Jack Ablin, chief investment officer at Cresset Wealth Advisors in Chicago. Asian shares rose on Wednesday on the back of firmer Wall Street earnings while expectations for increased Chinese stimulus helped take the edge off wider concerns about the worsening Sino-US trade dispute. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.22 percent while Japan's Nikkei ticked up 0.05 percent.On Wall Street, the S&P 500 rose 0.28 percent to 2,858, which is just 14 points, or about 0.5 percent, below its record high marked in January.A strong second-quarter earnings season fuelled optimism about US economic strength. S&P 500 firms saw a 23.5 percent rise in their April-June profits, according to Thomson Reuters data. Previous day Roundup After opening higher Tuesday, the Nifty 50 ended flat but not before hitting a fresh intraday record high. It also made a fresh closing high. The index formed a bearish candle on the daily charts as the closing price is lower than the opening price. The Sensex, however, ended 26.09 points lower at 37,665.80 and even the broader markets closed in the red with the Nifty Midcap index falling 0.3 percent. The sectoral trend was mixed.The Nifty50 after opening above 10,400 levels hit a fresh record high of 11,428.95 on intraday basis but erased gains in late morning deals to touch a day's low of 11,359.70. Overall the index remained rangebound for major part of the session and managed to close in the green with 2.40-point gain at 11,389.50. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[4.50pts], Consumption[12.35pts],PSE[-20.25pts],CPSE[26.00pts],Energy[-99.55pts],FMCG[-81.65pts],Auto [32.85pts],Pharma[-37.55pts],IT[8.20pts],Metal [39.55pts],Realty[-1.65 pts], Fin Serv sector[3.35pts].
World Indices Index
Value
% Change
25,462.58
0.54
S&P500
2,826.75
0.06
NASDAQ FTSE100
7,413.50 7,659.10
0.16
22,561.23 27,867.39
0.16 0.69
DJI
NIKKEI HANG SENG
1.09
Top Gainers Company
CMP
Change
% Chg
Tata Steel
573.15
19.90
3.60
Titan Company
927.25
25.60
2.84
Grasim
1,018.85
19.45
1.95
Asian Paints
1,424.25
26.85
1.92
Bajaj Finance
2,747.35
51.10
1.90
CMP
Change
% Chg
Adani Ports Coal India HPCL BPCL
372.30 275.40 288.60 394.10
-25.05 -7.75 -5.50 -6.90
-6.30 -2.74 -1.87 -1.72
SBI
304.05
-4.45
-1.44
Top Losers Company
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
AIAENG
1722.55
62.45
3.63
BALAXI
18.7
0.9
4.81
BANKBEES
2846.66
-11.16
-0.39
BATAINDIA
934.25
26.85
2.87
BIRLACABLE
107.8
10.75
9.97
Stocks at 52 Week’s LOW Symbol
ABGSHIP BIOFILCHEM CTE CURATECH DEN
Prev. Close
Change
%Chg
5.2 10.7 50.1 3.75 46.25
-0.05 0.45 2.5 -0.15 1.25
-0.96 4.21 4.99 -4 2.7
Indian Indices Company
CMP
Change
% Chg
NIFTY
11389.50
2.40
0.02
SENSEX
37665.80
-26.09
-0.07
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