Special Report 16-Aug-2018
Global markets at a glance Wall Street fell in a day of heavy trading on Wednesday with the S&P 500 posting its biggest percentage drop since late June as investors turned risk-averse on disappointing earnings and escalating global tariff worries. Chinese technology company Tencent Holdings Ltd reported its first profit decline in almost 13 years, putting pressure on the US tech sector.Technology stocks were the biggest drag on the S&P 500 and the Nasdaq, with the S&P 500 technology index down 1.1 percent. Retail shares fell as Macy’s Inc stock tumbled 15.9 percent after margin fears spooked investors, overshadowing its stronger-than-expected sales and earnings. Asian shares hit fresh one-year lows in early trading on Thursday, while oil and precious metal prices also tumbled as Turkey’s currency crisis and fears of an economic slowdown in China fanned worries about global growth. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.0 percent, while Japan's Nikkei and the Australian benchmark dropped 1.2 percent and 0.4 percent, respectively. Chinese stocks continued to sag, with the Shanghai Composite Index and Hong Kong's Hang Seng index shedding 1.1 percent and 0.9 percent, respectively. Previous day Roundup The Nifty 50 rebounded from two-day losses Tuesday and extended the rally on August 14 despite volatility in the rupee, which breached the 70 to a US dollar-mark. The index closed decisively above the psychological 11,400 levels despite mixed global cues, forming bullish candle on the daily candlestick charts.The broad-based rally saw all sectoral indices end in the green with pharma leading the charge with a 3 percent rise. The broader markets also participated in the up move, with the Nifty Midcap index rising a percent.After opening higher at 11,381.70, the Nifty extended gains as the day progressed and crossed 11,400 levels to hit an intraday high of 11,452.45. The index closed 79.30 points higher at 11,435.10.According to Pivot charts, the key support level is placed at 11,386.43, followed by 11,337.77. If the index starts moving upwards, key resistance levels to watch out are 11,468.13 and 11,501.17. The Nifty Bank index closed at 28,021.70, up 227.30 points on Tuesday. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[16.05pts], Consumption[25.50pts],PSE[-0.10pts],CPSE [10.70pts],Energy[168.55pts],FMCG[245.50pts],Auto [46.45pts],Pharma[294.55pts],IT[129.00pts],Metal [8.80pts],Realty[5.35 pts], Fin Serv sector[67.15pts].
World Indices Index
Value
% Change
DJI
25,162.40
-0.54
S&P500
2,829.75
0.29
NASDAQ FTSE100
7,403.25 7,497.87
0.39 -1.52
22,161.77 27,155.66
-0.19 -0.62
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
Sun Pharma
601.80
37.90
6.72
Yes Bank
382.50
11.80
3.18
Lupin
836.75
24.80
3.05
Bajaj Finance
2,830.20
69.80
2.53
UltraTechCement
4,299.10
104.90
2.50
CMP
Change
% Chg
610.45 3,266.35 1,253.25 270.05
-14.95 -41.85 -15.80 -3.05
-2.39 -1.27 -1.25 -1.12
373.15
-4.00
-1.06
Top Losers Company
UPL Hero Motocorp Larsen HPCL Adani Ports
Stocks at 52 Week’s HIGH Symbol
Prev. Close
Change
%Chg
ABFRL
179.05
13.3
7.43
ALBERTDAVD
514.95
45.05
8.75
23.7
1.15
4.85
981.85
23.2
2.36
441.2
10.8
2.45
BALAXI BATAINDIA DABUR
Stocks at 52 Week’s LOW Symbol
ABMINTLTD APARINDS APCL ARENTERP ASIANTILES
Prev. Close
Change
%Chg
17.75 563.8 149.5 8.75 254.1
-0.25 14.7 -5.4 -0.4 -23.1
-1.41 2.61 -3.61 -4.57 -9.09
Indian Indices Company
CMP
Change
% Chg
NIFTY
11435.10
79.30
0.70
SENSEX
37852.00
207.10
0.55
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