Special Report 16-May-2018
Global markets at a glance A surge in US government bond yields to their highest level in almost seven years sent Wall Street shares sliding on Tuesday after strong retail sales data stoked inflation concerns and investors fretted about looming trade talks between the United States and China.
World Indices
All three major US stock indexes closed down, with the S&P 500 ending a four-day winning streak and the Dow Jones Industrial Average posting its first loss in eight sessions.The yield on 10-year US Treasury notes jumped to its highest level since July 2011, suggesting an uptick in inflation and sending the dollar index to its highest close in 2018, raising expectations for further interest rate hikes from the Federal Reserve.
Index
Value
% Change
24,706.40
-0.78
S&P500
2,710.75
0.06
NASDAQ
6,894.25
0.05
FTSE100
7,724.55
0.31
22,784.93 31,078.73
-0.15 -0.24
DJI
NIKKEI HANG SENG
Top Gainers CMP
Change
% Chg
53.10
1.35
2.61
Tata Steel
625.95
15.60
2.56
Power Grid Corp
213.85
4.80
2.30
Bajaj Finance
1,901.95
37.45
2.01
TCS
3,482.40
48.85
1.42
CMP
Change
% Chg
Tata Motors
310.10
-13.50
-4.17
Coal India
263.50
-6.55
-2.43
SBI
248.00
-5.60
-2.21
GAIL
339.45
-4.75
-1.38
Bharti Infratel
312.45
-3.55
-1.12
Prev. Close
Change
%Chg
ABBOTINDIA
6533.2
90.75
1.39
The Nifty gave up all gains and closed marginally in the red on Tuesday as uncertainty around who will form the government in Karnataka made investors wary. The index formed an ‘Inverted Hammer’ or a Shooting Star kind of formation on the daily charts. A 'Shooting Star' pattern is formed when the index comes under selling pressure as traders start booking profits at higher levels. This pattern is usually formed in an uptrend and is treated as a reversal pattern, but it would require confirmation before we can conclude that the trend will get reversed in near future.
ASIANPAINT BHARATFIN DBL
1297.35 1163.2 1144
16.65 2.75 63.35
1.28 0.24 5.54
DCMFINSERV GSS HDFCBANK
2.6 92.1 2021.75
0.1 -0.35 18.5
3.85 -0.38 0.92
Index stats
Asian markets fell in early trade on Wednesday after Pyongyang called off talks with Seoul, throwing a major USNorth Korean summit into question, and a spike in the US 10-year Treasury yield to a seven-year high knocked sentiment on Wall Street.MSCI's broadest index of AsiaPacific shares outside Japan was down 0.1 percent.Strong US retail and factory data on Tuesday pushed the US 10year yield through a key level to hit 3.095, its highest since July 2011. The rise in yields hurt U.S. share markets on concerns it would undercut stock valuations.Asian shares are under pressure after North Korea cancelled high-level talks with Seoul, denouncing military exercises between South Korea and the United States, breaking from several months of easing relations on the peninsula. Previous day Roundup
The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-4.25], Consumption[4.05pts],PSE[ -10.55pts],CPSE[-23.60 pts],Energy[-46.35pts],FMCG[-84.45pts],Auto[8 6 .9 5 p ts ] ,P h a rm a [ -6 0 . 9 0 pt s ], IT [5 8 .8 5 p ts ] ,M e ta l [9.50pts],Realty[-6.15 pts], Fin Serv sector[ 9.05 pts].
Company
Idea Cellular
Top Losers Company
Stocks at 52 Week’s HIGH Symbol
ARVSMART Stocks at 52 Week’s LOW Symbol
Prev. Close
Change
%Chg
ABGSHIP
5.9
0.05
0.85
ACC ADHUNIK
1451.2 3.25
-41.55 -0.1
-2.86 -3.08
Indian Indices Company
CMP
Change
% Chg
NIFTY
10801.90
-4.70
-0.04
SENSEX
35543.94
-12.77
-0.04
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