Global market trends

The FTSE ended flat and the S&P 500, NASDAQ Composite, Korean Composite and Nikkei dipped 1% each. Shanghai Composite advanced 4%.

 

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What’s hot

Telecom service companies were in demand during the fortnight. Idea Cellular and Mahanagar Telephone Nigam advanced 9% each. Bharti Airtel and Tata Teleservices (Maharashtra) rose 6% and 5%, respectively.

 

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What’s not

Refinery companies were punished. Hindustan Petroleum Corporation and Essar Oil fell 4% and 2%, respectively. Reliance Industries and Mangalore Refinery & Petrochemicals dipped 1% each.

 

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