MARKET PULSE
Status: Confirmed Uptrend
Highlights:
Three up days, two down days
Daily Big Picture – Bulls Take Control on D-Street; Sensex Records Fresh All-Time Closing High
Today’s Action:
Continuing with the momentum from yesterday, the benchmark indices traded in green all through the day, and approached their all-time highs. The indices ended on a firm footing, with the Sensex at a new all-time closing high and the Nifty less than a point below its own all-time closing high.
Daily Market Review
Despite the weakness seen across the Asian markets, the benchmark indices opened with a positive bias in today’s trade. The indices built on their morning gains, and came within touching distance of their all-time highs. By the end of today’s session, the Sensex ended at its all-time high closing price, while the Nifty ended less than a point shy of its all-time high on a closing basis.
Daily Big Picture-Market Closes with Small Gains in a Calm Trading Session
Today’s Action:
The benchmark indices opened on a positive note in today’s session. The indices remained largely range-bound for the day, before finally closing with small gains.
Continue reading “Daily Big Picture-Market Closes with Small Gains in a Calm Trading Session”
Daily Big Picture-Markets Consolidate After Yesterday’s Gains
Today’s Action:
The benchmark indices opened on a positive note in today’s session. The indices, however, slipped during the course of the day, before finally closing flat with minuscule losses.
Continue reading “Daily Big Picture-Markets Consolidate After Yesterday’s Gains”
Daily Big Picture – Markets Rejoice the Largely Hassle-Free Implementation of the GST; March Higher
Today’s Action:
The benchmark indices opened on a positive note, and built on gains during the day; finally ending with close to 1% gains.
Daily Market Review
The benchmark indices made impressive gains in today’s trading session, which was expected to remain volatile largely due to concerns over the implementation of the Goods and Services Tax (GST). However, the rollout of the much-awaited tax reform has been largely hassle-free, which was reflected in the buoyant mood seen on the Street today.