Special Report 24-May-2018
Global markets at a glance US stocks ended with small gains on Wednesday after minutes from the Federal Reserve's latest meeting suggested higher inflation may not result in faster interest rate hikes.
World Indices
Most Fed policymakers thought it likely another rate increase would be warranted "soon" if the U.S. economic outlook remains intact, and many participants saw little evidence of general overheating of the labour market, minutes of the central bank's last policy meeting showed.The central bank has lifted borrowing costs once so far this year, in March, and policymakers are currently about evenly split between those who expect two more rate rises this year and those who anticipate three. Investors overwhelmingly expect a rate rise at the next meeting on June 12-13. Asian shares moved lower on Thursday as investors fretted about new setbacks in U.S.-China trade talks, but negative sentiment was tempered by U.S. Federal Reserve meeting minutes suggesting it would not raise the tempo at which it increases interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan was flat, while Japan's Nikkei stock index was 0.6 percent lower.A day after U.S. President Donald Trump said he was not pleased with trade talks between the United States and China, he called for "a different structure" in any trade deal. The move added to uncertainty over the negotiations and prompted a fall in stock markets. Previous day Roundup The Nifty50 not only broke below its crucial support placed at 10,500 level on Wednesday but also its 50-days moving average at 10,460 which resulted in a strong bearish candle on the daily charts. As long as Nifty50 trades below 10,500 levels, bears will remain in control and the selling pressure could take the index towards 10,350 levels on the downside. The next crucial support is placed at 200-DMA around 10,240.The Nifty50 remained under pressure from the word go. It opened at 10,521 and rose marginally to hit an intraday high of 10,533. It hit an intraday low of 10,417 before closing the day 106 points lower at 10,430. Index stats The Market was very volatile in last session. The sartorial in dices performed as follow; Commodities[-95.40], Consumption[-20.85pts],PSE[-86.60pts],CPSE[-62.55 pts],Energy[ -284.00pts],FMCG[ -177.95pts],Auto[52.85pts],Pharma[-49.20pts],IT[-20.20pts],Metal[134.55pts],Realty[-2.55 pts], Fin Serv sector[-67.85 pts].
Index
Value
% Change
24,834.40
-0.70
S&P500
2,719.00
-0.26
NASDAQ
6,873.75
-0.52
FTSE100
7,778.79
-0.12
22,691.89 30,918.59
-1.18 -1.00
DJI
NIKKEI HANG SENG
Top Gainers Company
CMP
Change
% Chg
SBI
263.20
9.30
3.66
Tech Mahindra
697.45
11.05
1.61
Cipla
532.40
8.40
1.60
NTPC
166.55
1.40
0.85
1,047.35
7.85
0.76
CMP
Change
% Chg
HPCL
287.00
-24.85
-7.97
Vedanta
252.65
-17.30
-6.41
Tata Steel
540.05
-36.75
-6.37
BPCL
373.95
-23.65
-5.95
ONGC
175.40
-9.80
-5.29
Prev. Close
Change
%Chg
2725.85
123.15
4.52
BERGEPAINT BRITANNIA
293.45 5604.4
-13.05 95.65
-4.45 1.71
DCMFINSERV
2.95
0.05
1.69
457.8
16.2
3.54
LIQUIDETF
1000.01
0
0
MMFL
1100.15
70.4
6.4
Grasim
Top Losers Company
Stocks at 52 Week’s HIGH Symbol
AXISGOLD
KEI
Stocks at 52 Week’s LOW ARVSMART Symbol
ABB ABCAPITAL ACC
Prev. Close
Change
%Chg
1208.65
-19.65
-1.63
144.9 1325.3
-4.1 -11.55
-2.83 -0.87
Indian Indices Company
CMP
Change
% Chg
NIFTY
10430.40
-106.30
-1.01
SENSEX
34344.91
-306.33
-0.88
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