Vadilal Industries broke out to new highs after huge buying interest in the scrip sent the stock soaring by almost 20%. The stock broke out of a 22-week long consolidation base today.
Daily Big Picture – Market Extends Gains in a Sudden Turn of Events
Today’s Action:
Final hour rally boosts key indices. Midcap index marks similar gain, while Smallcap index outperforms.
Daily Market Review
The Indian benchmark indices witnessed volatility in view of the August derivative contract expiry. After trading in the negative territory for a major part of the session, the key indices recouped losses in the final hour to end the day with mild gains. Investors were also cautious of the Q2 GDP data that is due later today. In the August series, the Nifty and Sensex declined by 1.02% and 2.02%, respectively. Continue reading “Daily Big Picture – Market Extends Gains in a Sudden Turn of Events”
Investment Legend William O’Neil on Stock Market
Chart Of The Day – PNB Housing Finance Catches Investors’ Eyes
One of India’s leading home loan providers, PNB Housing Finance witnessed strong price action today. The stock jumped 5.4% on almost four times the 50-day average volumes.
Daily Big Picture – Market Springs Back to Life, as North Korea Tensions Subside
Today’s Action:
Optimism in the global markets lifted the Indian market. Broader markets too witnessed good traction in today’s trade.
Daily Market Review
The Indian market had a strong opening, tracking the Asian markets, which were trading in green. The global markets heaved a sigh of relief in the absence of a belligerent response from the U.S. and its allies after North Korea had fired a missile over Japan. Buyers were quick to latch on to opportunities after yesterday’s market decline, and the headline indices ended the day with significant gains. Continue reading “Daily Big Picture – Market Springs Back to Life, as North Korea Tensions Subside”