Special Report 14-Aug-2018
Global markets at a glance US stocks dropped on Monday as global jitters from Turkey's plummeting currency spread to Wall Street, with the S&P 500 and the Dow falling for the fourth session in a row. Financial stocks bore the brunt of Turkey contagion fears, with shares of Citigroup Inc , Bank of America Corp , Wells Fargo & Co and JPMorgan Chase & Co closing down between 0.8 percent and 2.2 percent. A pledge by Turkey's central bank to stabilize the plummeting lira failed to calm investors' nerves. The currency has dropped 40 percent against the dollar so far this year. Asia share markets tried to regain their footing on Tuesday as tremors from the collapse of the Turkish lira ebbed a little and Wall Street proved resilient to the shockwaves. Japan's Nikkei led the early running with a gain of 1.0 percent, while Australia added 0.4 percent. MSCI's broadest index of Asia-Pacific shares outside Japan was flat having found support above the July low of 525.52. EMini futures for the S&P 500 edged up 0.2 percent, while 10-year Treasury yields held at 2.88 percent. Investors were encouraged that falls on Wall Street were only minor. The Dow ended Monday down 0.5 percent, while the S&P 500 lost 0.40 percent and the Nasdaq 0.25 percent.Chinese economic data could provide a distraction with July retail sales, industrial output and urban investment all due. Previous day Roundup Bears continued to dominate Dalal Street for the second consecutive session on August 13 as the Nifty50 fell sharply, closing far below the psychological 11,400-mark following the Turkey crisis and further weakness in the rupee against the dollar.The Nifty closed below the five-day EMA as well as nine-day EMA, which offered major support to Nifty in earlier corrections. The index formed a small bearish candle on the daily charts.The Nifty50 after opening sharply lower and breaking 11,400 levels extended losses as the day progressed and hit an intraday low of 11,340.30. It did manage to claw back above 11,400 in afternoon trade, but failed to hold the same level and closed 73.70 points lower at 11,355.80.India VIX moved up by 4.08 percent at 13.37 levels. Spurt in VIX suggests that upside is going to be capped on immediate basis. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-48.80pts], Consumption[-8.95pts],PSE[-56.10pts],CPSE [19.50pts],Energy[-234.30pts],FMCG[4.85pts],Auto[82.75pts],Pharma[48.35pts],IT[201.00pts],Metal[ 28.95pts],Realty[-2.60 pts], Fin Serv sector[-166.05pts].
World Indices Index
Value
% Change
DJI
25,313.14
-0.77
S&P500
2,839.25
-0.51
NASDAQ FTSE100
7,839.11 7,667.01
-0.67
22,298.08 28,366.62
-1.35 -0.85
NIKKEI HANG SENG
-0.98
Top Gainers Company
CMP
Change
% Chg
GAIL
375.45
12.50
3.44
Tech Mahindra
659.95
14.00
2.17
Sun Pharma
563.90
9.90
1.79
HCL Tech
983.00
17.00
1.76
1,408.75
23.30
1.68
CMP
Change
% Chg
BPCL HPCL Idea Cellular SBI
379.70 273.10 52.50 294.15
-21.90 -13.05 -1.90 -10.30
-5.45 -4.56 -3.49 -3.38
Vedanta
216.30
-7.40
-3.31
Infosys
Top Losers Company
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
6.05
0.3
4.96
291.35
-2.35
-0.81
GALLISPAT
36.9
1.7
4.61
GANGOTRI
1.65
0.05
3.03
GOLDTECH
20.35
1
4.91
ELECTROSL EXIDEIND
Stocks at 52 Week’s LOW Symbol
ACCELYA AMTEKAUTO APARINDS ASIANTILES AYMSYNTEX
Prev. Close
Change
%Chg
1031.9 7.1 577.65 266.1 45.05
-11.9 -0.2 -11.85 -11.1 -3.7
-1.15 -2.82 -2.05 -4.17 -8.21
Indian Indices Company
CMP
Change
% Chg
NIFTY
11355.80
-73.70
-0.64
SENSEX
37644.90
-224.33
-0.59
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