Global market trends

The NASDAQ Composite and the Shanghai Composite advanced 2% each, while the FTSE ended flat. The Nikkei declined 2%.

 

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What’s hot

Auto companies were in demand during the fortnight. Eicher Motors, Force Motors and TVS Motor Co advanced 23%, 22% and 17%, respectively. Mahindra & Mahindra and SML Isuzu rose 12% each.

 

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What’s not

Hotel companies were punished. Hotel Leelaventure, Viceroy Hotels, Indian Hotels Co and EIH declined 15%, 12%, 11% and 8%, respectively. Asian Hotels (North) and EIH Associated Hotels fell 7% each.

 

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