Today’s Action:
The benchmark indices trend higher towards their all-time highs. The broader markets witness selling pressure.
Daily Market Review
The benchmark indices started the week on a solid note, assisted by gains in the banking and financial stocks. Positive global cues and the RBI’s move on big loan defaulters helped key indices in recouping its gains. Meanwhile, the Sensex recorded a new closing high at 31,311.57.
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One of the biggest challenges we face as humans, is to process information and data in a very objective fashion. While it might sound like an easy task, documented research has proven that the human mind tends to get trapped under various types of biases.
Continue reading “How a Rules-Based Investing System Helps?”
MARKET PULSE
Status: Confirmed Uptrend
Highlights:
Two up days, three down days
Weekly Market Review
The Benchmark indices came under the grip of bears to post sharp losses this week. The key U.S. Federal reserve meeting and political uncertainties in Europe added to the woes of the Indian market.
Today’s Action:
The benchmark indices recorded sharp losses. In contrast, broader indices continue to trend higher.
Daily Market Review
The Benchmark indices declined significantly in today’s trade, as market sentiment was hit by Federal Reserve’s hawkish outlook on the U.S. economy. After a flat opening, the indices piled up significant losses to close near the day’s low.
The FSB stock group has seen a sharp uptrend over the last few months based on price performance relative to our proprietary 197 stock groups. Over the last 12 weeks, its group rank has increased from 22 to 2, currently.
