MARKET WRAP: Sensex slips 8 points on last day of CY18; gains 6% YoY

The S&P BSE Sensex closed the session at 36,068, down 8 points, while, the National Stock Exchange's (NSE's) Nifty50 index added just 3 points to settle at 10,863

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The domestic equity market ended the last trading day of the calendar year 2018 (CY18) on a flat note. The S&P BSE Sensex closed the session at 36,068, down 8 points, while, the National Stock Exchange's (NSE's) Nifty50 index added just 3 points to settle at 10,863. The broader market indices, however, outperformed their headline peers, with the S&P BSE MidCap index gaining 78 points or 0.5 per cent to settle at 15,438, and the S&P BSE SmallCap index rose 0.7 per cent or 101 points to end at 14,707 level.

MARKET IN 2018

The Sensex gained 5.91 per cent during the year gone by, while the 50-share index of NSE gained 3.15 per cent. Among sectoral indices on NSE, the Nifty Bank index rose 6.35 per cent during the year. In the broader market, the S&P BSE MidCap index fell 13.38 per cent during the year, while the S&P BSE SmallCap tumbled 23.53 per cent.

Global Markets

Asian stocks rose on Monday as hints of progress on the Sino-US trade standoff provided a rare glimmer of optimism in what has been a rough year-end for equities globally.

Sentiment had brightened just a touch when US President Donald Trump said he held a "very good call" with China's President Xi Jinping on Saturday to discuss trade and claimed "big progress" was being made.

MSCI's broadest index of Asia-Pacific shares outside Japan added 0.6 per cent but was still down 16 percent for the year. Japan's Nikkei was closed for a holiday having ended the year with a loss of 12 per cent. Across the region, the worst performer of the year was the index of Chinese blue chips, which lost a quarter of its value.

(with Reuters inputs)

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Topics :MARKET WRAP

First Published: Dec 31 2018 | 8:25 AM IST