Global market trends

S&P 500, Taiwan Weighted, the FTSE and Hang Seng fell 1% each, while NASDAQ Composite ended flat. Shanghai Composite advanced 5%.

 

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What’s hot

Telecom service companies were a mixed bag during the fortnight. Bharti Airtel and Idea Cellular rose 7% and 5%, respectively, while Reliance Communications and Tata Teleservices declined 8% and 10%, respectively.

 

 

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What’s not

Real estate companies were punished. Unitech, Orbit Corporation, Arihant Foundations & Housing, Ansal Buildwell and Indiabulls Real Estate declined 39%, 23%, 20%, 17% and 15%, respectively.

 

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