Today’s Action:
Benchmark indices begin the week with good gains. The Nifty Midcap index manages to record a decent gain, while the Nifty Smallcap index slips into the negative zone at the last hour.
Daily Market Review
The benchmark indices started off the week on a positive note as the Sensex and the Nifty recorded significant gains to scale fresh closing highs. Banking stocks led today’s rally after State Bank of India slashed savings bank interest rate to 3.5%, earlier today. However, the overall market movement was constrained by pharma and FMCG stocks. Continue reading “Daily Big Picture – Banking Stocks Boost Benchmark Indices to a Solid Start”