The Bovespa advanced 4% and the FTSE rose 2%, while the Shanghai Composite ended flat. Hang Seng and Nikkei fell 2% each. S&P 500 rose 1%
Farm and farm inputs companies were in demand during the fortnight. UPL, Jain Irrigation Systems and Bharat Rasayan advanced 18%, 15% and 12%, respectively. Rallis India and Dhanuka Agritech rose 3% each.
Telecom services companies were punished. Reliance Communications, Mahanagar Telephone Nigam, Tata Communications and Bharti Airtel declined 12%, 11%, 11% and 10%, respectively.