Global market trends

The FTSE, S&P 500 and NASDAQ were up 4% each, while Nikkei, Shanghai Comp. and Korean Comp. ended flat. Bovespa was down 1%. 

 

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What’s hot

Oil & gas companies were up 7% during the fortnight. The gains were led by Tide Water Oil which jumped 63%. Indraprastha Gas, GAIL, Hindustan Oil Exploration and Oil & Natural Gas Corporation advanced 8% each.

 

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What’s not

The ML Shipping Index remained flat. Shreyas Shipping & Logistics and Gujarat Pipavav Port were down 14% and 7%, respectively. ABG Shipyard and Pipavav Defence & Offshore were up 10% and 12%, respectively.

 

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