Daily Big Picture – Geopolitical Events Restrict Benchmark Indices; Broader Indices Extend Gains

DailyBigPicture-MarketSmithIndia-WilliamOneilIndia

Today’s Action:

The benchmark indices witnessed a choppy session to end with significant losses. The Nifty Midcap and Smallcap indices pocket decent gains.

Daily Market Review

The benchmark indices consolidated for most of today’s session in view of major global events lined up for the latter part of the day. Investors opted to take a cautious stance ahead of U.K.’s general election and European Central Bank’s (ECB) policy meeting that will begin post the close of the Indian markets. The markets also awaited the former FBI director James Comey’s appearance at the Senate for the much awaited testimony.

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Daily Big Picture – RBI’s Monetary Policy Review Announcement Propels Benchmark Indices Higher

MarketSmithIndia-WilliamOneilIndia

Today’s Action:

The benchmark indices recover sharply, from yesterday’s fall. Broader indices continue to rally.

Daily Market Review

Benchmark indices advanced higher in today’s session on the back of RBI’s interest rate announcement. After a good opening, investors remained cautious for most of the session awaiting the monetary policy outcome. However, post the announcement of unchanged interest rates, benchmark indices picked up momentum to end the day with good increments.

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Daily Big Picture – Benchmark Indices Retract from Highs Ahead of RBI’s Decision

DailyBigPicture-MarketSmithIndia-WilliamOneilIndia

Today’s Action:

The benchmark indices post significant losses amid anticipation of RBI’s policy meeting. Broader indices follow the key composites.

Daily Market Review

India’s major equity indices remained subdued for most of today’s session after a solid opening, as investors took a cautious stance ahead of RBI’s two day monetary policy review meeting.

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