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19-Apr-2024 17:18 Hrs IST |
Key gauges make smart recovery to snap 4-day losing streak on Friday
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<p style="text-align: justify;">Snapping the four-day losing streak, Indian equity benchmarks rebounded from early lows to close higher on Friday, on heavy value buying in Banking, Metal and Consumer Durables shares. The markets opened lower and remained in muted move in first half, as traders were cautious with provisional data from the NSE showing that foreign institutional investors (FIIs) net sold shares worth Rs 4,260.33 crore on April 18, 2024. Sentiments remained pessimistic with a report stating that India's trade deficit with the Association of Southeast Asian Nations (ASEAN) has surged, more than doubling since the implementation of the Free Trade Agreement (FTA) in 2010. According to figures released by the Ministry of Commerce and Industry, India's exports to ASEAN member countries stood at $25,627.89 million in the year 2010-11, while imports from these nations amounted to $30,607.96 million. But, the report said the situation has deteriorated significantly over the past decade, with the deficit expanding at an alarming rate. </p><p style="text-align: justify;">However, benchmark indices wiped off early losses in afternoon deals and edged higher towards the end of trading session as traders found support with report that the International Monetary Fund has applauded India for maintaining fiscal discipline in an election year, saying that the Indian economy is doing well and continues to be the world's bright spot. Krishna Srinivasan, Director, Asia and Pacific Department, at the IMF said ‘At this point in time, India's economy is doing well. Growth at 6.8 per cent is very good. Inflation's coming down. We have to make sure that inflation comes down to target and it is there on a durable basis. Macro fundamentals look pretty good.' Some support also came as India's Economic Affairs Secretary Ajay Seth to World Bank stated that despite a challenging global scenario, India's economy has shown robust growth over the past year backed by sustained consumption and investment demand.</p><p style="text-align: justify;">On the global front, Asian markets ended mostly in red on Friday on ongoing concerns over the tensions in the middle-east with reports of Israel retaliating to last weekend's attacks. Interest rates continued to weigh on markets as the US Fed is now widely expected to hold off on cutting rates until at least July. European markets were trading lower as tensions soared in the Middle East in the aftermath of Israel's retaliatory strikes against Iran. </p><p style="text-align: justify;">Finally, the BSE Sensex rose 599.34 points or 0.83% to 73,088.33 and the CNX Nifty was up by 151.15 points or 0.69% points to 22,147.00. </p><p style="text-align: justify;">The BSE Sensex touched high and low of 73,210.17 and 71,816.46 respectively. There were 22 stocks advancing against 8 stocks declining on the index.</p><p style="text-align: justify;">The broader indices ended in red; the BSE Mid cap index fell 0.39%, while Small cap index was down by 0.04%.</p><p style="text-align: justify;">The top gaining sectoral indices on the BSE were Bankex up by 1.02%, Metal up by 0.85%, Consumer Durables up by 0.78%, Basic Materials up by 0.54% and FMCG up by 0.45%, while Realty down by 0.67%, IT down by 0.56%, Healthcare down by 0.44%, Power down by 0.36% and Utilities down by 0.25% were the top losing indices on BSE.</p><p style="text-align: justify;">The top gainers on the Sensex were Bajaj Finance up by 3.16%, Mahindra & Mahindra up by 2.90%, HDFC Bank up by 2.46%, JSW Steel up by 2.39% and Maruti Suzuki up by 2.20%. On the flip side, HCL Technologies down by 1.20%, Nestle down by 1.04%, TCS down by 0.93%, Larsen & Toubro down by 0.89% and Tata Motors down by 0.84% were the top losers.</p><p style="text-align: justify;">Meanwhile, India's Economic Affairs Secretary Ajay Seth to World Bank has said that despite a challenging global scenario, India's economy has shown robust growth over the past year backed by sustained consumption and investment demand. He said the gross domestic product (GDP) growth estimate for the fiscal 2023-24, which has been revised upwards from 7.3 per cent to 7.6 per cent in the second advance estimates, highlights the enduring strength and resilience of the Indian economy. India grew above 8 per cent for three consecutive quarters of FY24, reaffirming its position as a standout performer amidst sluggish global growth trends. </p><p style="text-align: justify;">He said that similar sentiments have been echoed by various agencies who have revised India's FY24 growth estimate closer to 8 per cent. India's proactive stance on reform and investment in sustainable growth avenues sets a benchmark for emerging economies. He also said that India's thrust on capex continued to crowd in private investment resulting in enhanced Gross Fixed Capital Formation (GFCF) at constant prices registering a growth above 10 per cent in FY24.</p><p style="text-align: justify;">He further said India's inflation outlook appears positive with headline and core inflation trending downwards, indicating a broad-based moderation in price pressures. He said that on the external front, the narrowing merchandise trade deficit and the rising net services receipts are expected to improve the current account balance in fiscal 2024. Observing that the manufacturing sector registered double-digit growth in Q3 of FY24, driven by a surge in investment, improved investor confidence, and strong domestic demand conditions, he said the year also saw continued strong growth in services, led by non-contact-intensive services sectors. </p><p style="text-align: justify;">The CNX Nifty traded in a range of 22,179.55 and 21,777.65. There were 30 stocks advancing against 19 stocks declining, while 1 stock remained unchanged on the index.</p><p style="text-align: justify;">The top gainers on Nifty were Bajaj Finance up by 3.15%, Mahindra & Mahindra up by 2.92%, HDFC Bank up by 2.64%, Maruti Suzuki up by 2.30% and JSW Steel up by 2.27%. On the flip side, Bajaj Auto down by 2.48%, Nestle down by 1.32%, Divi's Lab down by 1.32%, HCL Technologies down by 1.16% and Larsen & Toubro down by 1.07% were the top losers. </p><p style="text-align: justify;">European markets were trading lower; UK's FTSE 100 decreased 43.89 points or 0.56% to 7,833.16, France's CAC fell 19.82 points or 0.25% to 8,003.44 and Germany's DAX lost 106.7 points or 0.6% to 17,730.70.<span style="white-space:pre"> </span></p><div style="text-align: justify;">Asian markets ended mostly in red on Friday after Israel launched strikes against Iran, in what appeared to be limited retaliatory action for last week's drone and missile barrage by Tehran. A private report said the explosions heard in Isfahan were a result of the activation of Iran's air defense systems. Japanese market slumped as heightened geopolitical tensions and growing uncertainty over the outlook for U.S. interest rates spooked investors. Meanwhile, fresh hawkish comments from Federal Reserve officials spurred risk aversion and sent investors flocking to buy safe-haven assets.</div><div style="text-align: justify;"><table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="border: 1px solid rgb(178, 175, 175); font-size: 11px; color: rgb(85, 85, 85); font-family: Arial; width: 728.216px;"><tbody><tr><td style="border: 1pt solid rgb(178, 175, 175); text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><b><span times="" new="" roman',serif;="" mso-fareast-font-family:'times="" roman';color:black'="" style="font-size: 12pt;">Asian Indices</span></b><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: 1pt solid rgb(178, 175, 175); border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><b><span times="" new="" roman',serif;="" mso-fareast-font-family:'times="" roman';color:black'="" style="font-size: 12pt;">Last Trade </span></b><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: 1pt solid rgb(178, 175, 175); border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><b><span times="" new="" roman',serif;="" mso-fareast-font-family:'times="" roman';color:black'="" style="font-size: 12pt;">Change in Points</span></b><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: 1pt solid rgb(178, 175, 175); border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><b><span times="" new="" roman',serif;="" mso-fareast-font-family:'times="" roman';color:black'="" style="font-size: 12pt;">Change in % </span></b><span times="" new="" roman',serif;="" mso-fareast-font-family:'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td></tr><tr><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: 1pt solid rgb(178, 175, 175); border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span times="" new="" roman',serif;="" mso-fareast-font-family:'times="" roman';color:black'="" style="font-size: 12pt;">Shanghai Composite</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span arial',sans-serif;="" mso-fareast-font-family:'times="" new="" roman';color:black;background:white'="" style="font-size: 10.5pt;">3,065.26</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;"><span arial',sans-serif;="" mso-fareast-font-family:'times="" new="" roman';color:black;background:white'="" style="font-size: 10.5pt;">-8.96</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;"><span arial',sans-serif;="" mso-fareast-font-family:'times="" new="" roman';color:black;background:white'="" style="font-size: 10.5pt;">-0.29</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td></tr><tr><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: 1pt solid rgb(178, 175, 175); border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span times="" new="" roman',serif;="" mso-fareast-font-family:'times="" roman';color:black'="" style="font-size: 12pt;">Hang Seng</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;"><span arial',sans-serif;="" mso-fareast-font-family:'times="" new="" roman';color:black;background:#fbfbfb'="" style="font-size: 10.5pt;">16,224.14</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span arial',sans-serif;="" mso-fareast-font-family:'times="" new="" roman';color:black;background:#fbfbfb'="" style="font-size: 10.5pt;">-161.73</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;"><span arial',sans-serif;="" mso-fareast-font-family:'times="" new="" roman';color:black;background:#fbfbfb'="" style="font-size: 10.5pt;">-1.00</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td></tr><tr><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: 1pt solid rgb(178, 175, 175); border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span times="" new="" roman',serif;="" mso-fareast-font-family:'times="" roman';color:black'="" style="font-size: 12pt;">Jakarta Composite</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;"><span arial',sans-serif;="" mso-fareast-font-family:'times="" new="" roman';color:black;background:#fbfbfb'="" style="font-size: 10.5pt;">7,087.32</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span arial',sans-serif;="" mso-fareast-font-family:'times="" new="" roman';color:black;background:#fbfbfb'="" style="font-size: 10.5pt;">-79.49</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;"><span arial',sans-serif;="" mso-fareast-font-family:'times="" new="" roman';color:black;background:#fbfbfb'="" style="font-size: 10.5pt;">-1.12</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td></tr><tr><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: 1pt solid rgb(178, 175, 175); border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span times="" new="" roman',serif;="" mso-fareast-font-family:'times="" roman';color:black'="" style="font-size: 12pt;">KLSE Composite</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span times="" new="" roman',serif;="" mso-fareast-font-family:'times="" roman';color:black'="" style="font-size: 10.5pt;">1,547.57</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span times="" new="" roman',serif;="" mso-fareast-font-family:'times="" roman';color:black'="" style="font-size: 10.5pt;">2.81</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span times="" new="" roman',serif;="" mso-fareast-font-family:'times="" roman';color:black'="" style="font-size: 10.5pt;">0.18</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td></tr><tr><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: 1pt solid rgb(178, 175, 175); border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span times="" new="" roman',serif;="" mso-fareast-font-family:'times="" roman';color:black'="" style="font-size: 12pt;">Nikkei 225</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;"><span arial',sans-serif;="" mso-fareast-font-family:'times="" new="" roman';color:black;background:#fbfbfb'="" style="font-size: 10.5pt;">37,068.35</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span arial',sans-serif;="" mso-fareast-font-family:'times="" new="" roman';color:black;background:#fbfbfb'="" style="font-size: 10.5pt;">-1,011.35</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span arial',sans-serif;="" mso-fareast-font-family:'times="" new="" roman';color:black;background:#fbfbfb'="" style="font-size: 10.5pt;">-2.73</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td></tr><tr><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: 1pt solid rgb(178, 175, 175); border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span times="" new="" roman',serif;="" mso-fareast-font-family:'times="" roman';color:black'="" style="font-size: 12pt;">Straits Times</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span arial',sans-serif;="" mso-fareast-font-family:'times="" new="" roman';color:black;background:white'="" style="font-size: 10.5pt;">3,176.51</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;"><span arial',sans-serif;="" mso-fareast-font-family:'times="" new="" roman';color:black;background:white'="" style="font-size: 10.5pt;">-11.15</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;"><span arial',sans-serif;="" mso-fareast-font-family:'times="" new="" roman';color:black;background:white'="" style="font-size: 10.5pt;">-0.35</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td></tr><tr><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: 1pt solid rgb(178, 175, 175); border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span times="" new="" roman',serif;="" mso-fareast-font-family:'times="" roman';color:black'="" style="font-size: 12pt;">KOSPI Composite</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span arial',sans-serif;="" mso-fareast-font-family:'times="" new="" roman';color:black;background:#fbfbfb'="" style="font-size: 10.5pt;">2,591.86</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span arial',sans-serif;="" mso-fareast-font-family:'times="" new="" roman';color:black;background:#fbfbfb'="" style="font-size: 10.5pt;">-42.84</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal; margin-bottom: 0.0001pt;"><span arial',sans-serif;="" mso-fareast-font-family:'times="" new="" roman';color:black;background:#fbfbfb'="" style="font-size: 10.5pt;">-1.65</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td></tr><tr><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: 1pt solid rgb(178, 175, 175); border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span times="" new="" roman',serif;="" mso-fareast-font-family:'times="" roman';color:black'="" style="font-size: 12pt;">Taiwan Weighted</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span arial',sans-serif;="" mso-fareast-font-family:'times="" new="" roman';color:black;background:white'="" style="font-size: 10.5pt;">19,527.12</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span arial',sans-serif;="" mso-fareast-font-family:'times="" new="" roman';color:black;background:white'="" style="font-size: 10.5pt;">-774.08</span><span times="" new="" roman',serif;mso-fareast-font-family:="" 'times="" roman''="" style="font-size: 12pt;"><o:p></o:p></span></p></td><td style="border-top: none; border-right: 1pt solid rgb(178, 175, 175); border-bottom: 1pt solid rgb(178, 175, 175); border-left: none; border-image: initial; text-align: justify; padding: 0.75pt;"><p class="MsoNormal" style="line-height: normal;"><span arial',sans-serif;="" mso-fareast-font-family:'times="" new="" roman';color:black;background:white'="" style="font-size: 10.5pt;">-3.96</span></p></td></tr></tbody></table></div><div style="text-align: justify;"><br></div>
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19-Apr-2024 15:53 Hrs IST |
Post Session: Quick Review
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<p style="text-align: justify;">Indian benchmarks regained lost ground in late afternoon session and closed the last trading day of week with the gains of over half a percent. Markets spent first half of the session in red, while second half of the session in green territory. Traders were seen piling up positions in Banking and Metal sectors' stocks, while selling was witnessed in Realty and IT sectors' stocks. The broader indices, the BSE Mid cap index and Small cap index ended in red.</p><p style="text-align: justify;">Indices made gap down opening and extended their losses tracking sell-off in Asian counterparts as tensions flared up in the Middle East with Israel likely striking Iran at three locations. Iran says the explosion heard in Isfahan was a result of the activation of Iran's air defence system. Foreign fund outflows also dented sentiments. Foreign institutional investors (FIIs) net sold shares worth Rs 4,260.33 crore on April 18, provisional data from the NSE showed. Traders remained cautious with report stating that India's trade deficit with the Association of Southeast Asian Nations (ASEAN) has surged, more than doubling since the implementation of the Free Trade Agreement (FTA) in 2010. According to figures released by the Ministry of Commerce and Industry, India's exports to ASEAN member countries stood at $25,627.89 million in the year 2010-11, while imports from these nations amounted to $30,607.96 million. However, in afternoon session, markets wiped out all their losses and turned positive, as investors took support after India's Economic Affairs Secretary Ajay Seth to World Bank has said that despite a challenging global scenario, India's economy has shown robust growth over the past year backed by sustained consumption and investment demand. Further, markets added more points as investors continued to hunt for fundamentally strong stocks.</p><p style="text-align: justify;">On the global front, European markets were trading lower as Middle East tensions flared up and investors scaled back their expectations for the Federal Reserve to cut interest rates this year. All Asian markets ended lower after Israel launched strikes against Iran, in what appeared to be limited retaliatory action for last week's drone and missile barrage by Tehran. Back home, India's G-20 sherpa Amitabh Kant has said that the global future will not be driven by big technology firms but by the digital public infrastructure (DPI) platforms developed locally.</p><p style="text-align: justify;">The BSE Sensex ended at 73,088.33, up by 599.34 points or 0.83% after trading in a range of 71,816.46 and 73,210.17. There were 22 stocks advancing against 8 stocks declining on the index. (Provisional)</p><p style="text-align: justify;">The broader indices ended in red; the BSE Mid cap index declined 0.39%, while Small cap index was down by 0.04%. (Provisional)</p><p style="text-align: justify;">The top gaining sectoral indices on the BSE were Bankex up by 1.02%, Metal up by 0.85%, Consumer Durables up by 0.78%, Basic Materials up by 0.54% and FMCG was up by 0.45%, while Realty down by 0.67%, IT down by 0.56%, Healthcare down by 0.44%, Power down by 0.36% and Utilities was down by 0.25% were the top losing indices on BSE. (Provisional)</p><p style="text-align: justify;">The top gainers on the Sensex were Bajaj Finance up by 3.16%, Mahindra & Mahindra up by 2.72%, HDFC Bank up by 2.60%, JSW Steel up by 2.39% and Maruti Suzuki up by 2.20%. On the flip side, Nestle down by 1.33%, HCL Tech down by 1.20%, Larsen & Toubro down by 1.10%, TCS down by 0.97% and Tata Motors down by 0.66% were the top losers. (Provisional)</p><p style="text-align: justify;">Meanwhile, talking about the India-UK free trade agreement (FTA) negotiations, the UK government said there has been good market access offered on both sides but not enough to secure a FTA. Indian negotiators are in London this week to continue discussions with their British counterparts. The recent restructuring of the BBC to create a new Indian-owned entity in order to comply with the country's foreign direct investment (FDI) rules was flagged by Liberal Democrat peer Lord Jeremy Purvis, who questioned the level of market access being offered to India in the field of media, data and telecoms as part of the FTA negotiations.</p><p style="text-align: justify;">UK Foreign Secretary David Cameron said ‘My understanding of where we are with the trade deal is that good market access has been offered on both sides, but not quite enough yet to secure a deal. It is important with such trade deals, as you only really get one proper shot at it, to make sure that it is a good enough deal that will be welcomed by industry leaders here in the UK as offering real market access'. It came as a team from India arrived in London to continue talks this week under the fourteenth round of FTA negotiations, which are aimed at significantly enhancing the GBP 38.1 billion bilateral partnership across different sectors.</p><p style="text-align: justify;">Specifically referencing the point on media access, Lord Cameron said he would have to look into the details but his personal view was that 'we should open up media access on both sides to make sure we have a good plurality of media'. Earlier this month, the BBC confirmed the launch of Collective Newsroom as an independent entity which will create programmes and content for the BBC as its first client. Lord Purvis questioned this necessity for Britain's public broadcaster to operate in India unlike in any other country, alluding to 'harassment and intimidation' by authorities. He said ‘My understanding is that India passed a law insisting that digital media companies had to be Indian-owned, and the BBC has had to restructure on that basis', and noted that this was 'not the British way'. He said ‘Nonetheless, that is the reason why the BBC has restructured, together with some disagreements with India'.</p><p style="text-align: justify;">The CNX Nifty ended at 22147.00, up by 151.15 points or 0.69% after trading in a range of 21777.65 and 22179.55. There were 29 stocks advancing against 21 stocks declining on the index. (Provisional)</p><p style="text-align: justify;">The top gainers on Nifty were Bajaj Finance up by 3.28%, Mahindra & Mahindra up by 2.86%, Maruti Suzuki up by 2.47%, HDFC Bank up by 2.45% and JSW Steel up by 2.37%. On the flip side, Bajaj Auto down by 2.40%, HCL Tech down by 1.32%, Nestle down by 1.01%, Divi's Lab down by 1.00% and TCS down by 0.93% were the top losers. (Provisional)</p><p style="text-align: justify;">European markets were trading lower; UK's FTSE 100 decreased 33.82 points or 0.43% to 7,843.23, France's CAC fell 14.98 points or 0.19% to 8,008.28 and Germany's DAX was down by 89.59 points or 0.5% to 17,747.81.</p><p style="text-align: justify;">Asian markets ended mostly in red on Friday after Israel launched strikes against Iran, in what appeared to be limited retaliatory action for last week's drone and missile barrage by Tehran. A private report said the explosions heard in Isfahan were a result of the activation of Iran's air defense systems. Japanese market slumped as heightened geopolitical tensions and growing uncertainty over the outlook for U.S. interest rates spooked investors. Meanwhile, fresh hawkish comments from Federal Reserve officials spurred risk aversion and sent investors flocking to buy safe-haven assets.<span style="font-family: " times="" new="" roman',="" serif;="" font-size:="" 12pt;="" text-align:="" left;'=""> </span></p><table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width: 100%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"> <tbody><tr> <td style="border:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><b><span style="font-size: 12pt; font-family: open_sansregular, serif;">Asian Indices</span></b><span style="font-size: 10.5pt; font-family: open_sansregular, serif;"><o:p></o:p></span></p> </td> <td style="border:solid #B2AFAF 1.0pt;border-left:none;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><b><span style="font-size: 12pt; font-family: open_sansregular, serif;">Last Trade </span></b><span style="font-size: 10.5pt; font-family: open_sansregular, serif;"><o:p></o:p></span></p> </td> <td style="border:solid #B2AFAF 1.0pt;border-left:none;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><b><span style="font-size: 12pt; font-family: open_sansregular, serif;">Change in Points</span></b><span style="font-size: 10.5pt; font-family: open_sansregular, serif;"><o:p></o:p></span></p> </td> <td style="border:solid #B2AFAF 1.0pt;border-left:none;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><b><span style="font-size: 12pt; font-family: open_sansregular, serif;">Change in % </span></b><span style="font-size: 10.5pt; font-family: open_sansregular, serif;"><o:p></o:p></span></p> </td> </tr> <tr> <td style="border:solid #B2AFAF 1.0pt;border-top:none;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 12pt; font-family: open_sansregular, serif;">Shanghai Composite</span><span style="font-size: 10.5pt; font-family: open_sansregular, serif;"><o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">3,065.26<o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify;line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">-8.96<o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify;line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">-0.29<o:p></o:p></span></p> </td> </tr> <tr> <td style="border:solid #B2AFAF 1.0pt;border-top:none;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 12pt; font-family: open_sansregular, serif;">Hang Seng</span><span style="font-size: 10.5pt; font-family: open_sansregular, serif;"><o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify;line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">16,224.14<o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">-161.73<o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify;line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">-1.00<o:p></o:p></span></p> </td> </tr> <tr> <td style="border:solid #B2AFAF 1.0pt;border-top:none;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 12pt; font-family: open_sansregular, serif;">Jakarta Composite</span><span style="font-size: 10.5pt; font-family: open_sansregular, serif;"><o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify;line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">7,087.32<o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">-79.49<o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify;line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">-1.12<o:p></o:p></span></p> </td> </tr> <tr> <td style="border:solid #B2AFAF 1.0pt;border-top:none;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 12pt; font-family: open_sansregular, serif;">KLSE Composite</span><span style="font-size: 10.5pt; font-family: open_sansregular, serif;"><o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">1,547.57<o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">2.81<o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">0.18<o:p></o:p></span></p> </td> </tr> <tr> <td style="border:solid #B2AFAF 1.0pt;border-top:none;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 12pt; font-family: open_sansregular, serif;">Nikkei 225</span><span style="font-size: 10.5pt; font-family: open_sansregular, serif;"><o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify;line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">37,068.35<o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">-1,011.35<o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">-2.73<o:p></o:p></span></p> </td> </tr> <tr> <td style="border:solid #B2AFAF 1.0pt;border-top:none;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 12pt; font-family: open_sansregular, serif;">Straits Times</span><span style="font-size: 10.5pt; font-family: open_sansregular, serif;"><o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">3,176.51<o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify;line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">-11.15<o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify;line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">-0.35<o:p></o:p></span></p> </td> </tr> <tr> <td style="border:solid #B2AFAF 1.0pt;border-top:none;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 12pt; font-family: open_sansregular, serif;">KOSPI Composite</span><span style="font-size: 10.5pt; font-family: open_sansregular, serif;"><o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">2,591.86<o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">-42.84<o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align: justify;line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">-1.65<o:p></o:p></span></p> </td> </tr> <tr> <td style="border:solid #B2AFAF 1.0pt;border-top:none;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 12pt; font-family: open_sansregular, serif;">Taiwan Weighted</span><span style="font-size: 10.5pt; font-family: open_sansregular, serif;"><o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">19,527.12<o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">-774.08<o:p></o:p></span></p> </td> <td style="border-top:none;border-left:none;border-bottom:solid #B2AFAF 1.0pt; border-right:solid #B2AFAF 1.0pt;padding:.75pt .75pt .75pt .75pt"> <p class="MsoNormal" style="mso-margin-bottom-alt:auto;text-align:justify; line-height:normal"><span style="font-size: 10.5pt; font-family: open_sansregular, serif;">-3.96<o:p></o:p></span></p> </td> </tr></tbody></table>
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