Global market trends

Hang Seng, NASDAQ Composite and S&P 500 rose 1% each, while Korean Composite and Shanghai Composite ended flat. Nikkei rose 2%.

 

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What’s not

Sugar companies were punished. Triveni Engineering & Industries, Shree Renuka Sugars, Rajshree Sugars & Chemicals and Uttam Sugar Mills declined 16%, 14%, 13% and 12%, respectively. Bajaj Hindusthan fell 10%.

 

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What’s hot

Software and IT services companies were in demand during the fortnight. Tricom India, Zenith Infotech and Geodesic soared 39%, 31% and 27%, respectively. Sonata Software and NIIT Technologies rose 13% each.

 

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