Global market trends

Hang Seng, Nikkei, S&P 500, the FTSE and NASDAQ Composite fell 1% each, while Shanghai Composite declined 3%. Bovespa went down by 2%.

 

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What’s hot

Banking companies were in demand during the fortnight. IDBI Bank, UCO Bank, Andhra Bank and Union Bank of India advanced 30%, 14%, 11% and 8%, respectively. United Bank of India and Axis Bank rose 6% each.

 

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What’s not

Auto component companies were punished. Castex Technologies, Motherson Sumi Systems, Bharat Forge and Sundram Fasteners declined 30%, 12%, 11% and 9%, respectively. 

 

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