Global market trends

Shanghai Composite and the FTSE advanced 3% each, while S&P 500 and Bovespa rose 1% each. The Nikkei ended flat, while Hang Seng declined 4%. 

 

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What’s hot

Textiles companies were in demand during the fortnight. Alps Industries, Shri Lakshmi Cotsyn and Ginni Filaments advanced 61%, 48% and 38%, respectively. Himatsingka Seide and Banswara Syntex rose 30% each.

 

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What’s not

Steel companies were punished. Vedanta, Steel Authority of India, Tata Steel, JSW Steel and Jindal Steel & Power declined 15%, 9%, 7%, 5% and 4%, respectively. NMDC and Tata Sponge Iron fell 2% each. 

 

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