Special Report 09-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. Previous day Roundup Bulls pushed the Nifty index to a record high of 11,459.95 Wednesday after two straight days of consolidation, but analysts’ feel investors should tread with cautions as the index is near crucial resistance levels. The index formed a bullish candle on the daily charts after two successive bearish candles. The next crucial resistance for the index is placed at 11,500-11530 while support is placed at 11,330.The index formed a Bullish candle on the daily scale with the highest ever daily closing ahead of weekly expiry day. It has to hold above 27,900 zones to extend its move towards 28,250 zones while major support is seen at 27,650 zones. According to Pivot charts, the key support level is placed at 11,399.53, followed by 11,349.07. If the index starts moving upwards, key resistance levels to watch out are 11,480.23 and 11,510.47. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[16.65pts], Consumption[7.75pts],PSE[-0.70pts],CPSE[14.75pts],Energy [264.10pts],FMCG[162.15pts],Auto[-34.45pts],Pharma[63.80pts],IT[-5.55pts],Metal[8.35pts],Realty[-0.15 pts], Fin Serv sector[67.85pts].
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
172.50
4.95
2.95
Reliance
1,217.70
33.50
2.83
Bajaj Finance
2,813.15
65.80
2.40
ICICI Bank
318.70
5.55
1.77
Bharti Infratel
290.45
4.55
1.59
CMP
Change
% Chg
Lupin Maruti Suzuki HPCL BPCL
825.55 9,207.40 282.70 387.30
-41.05 -204.10 -5.90 -6.80
-4.74 -2.17 -2.04 -1.73
Bajaj Auto
2,660.60
-26.00
-0.97
ONGC
Top Losers Company
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
1329.7
69.25
5.21
AIAENG
1755.75
49.25
2.81
BAJFINANCE
2747.35
62.6
2.28
19.6
0.95
4.85
2841.02
15.38
0.54
AARTIIND
BALAXI BANKBEES
Stocks at 52 Week’s LOW Symbol
ARENTERP ASIANTILES BIOFILCHEM CCCL CURATECH
Prev. Close
Change
%Chg
8.95 282 10.45 2.9 3.6
-0.2 -6.8 0.45 0 0
-2.23 -2.41 4.31 0 0
Indian Indices Company
CMP
Change
% Chg
NIFTY
11450.00
60.50
0.53
SENSEX
37887.56
221.76
0.59
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