Month: August 2017

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Daily Big Picture – Key Indices Turn Sluggish After RBI’s Rate Cut Announcement

DailyBigPicture-MarketSmithIndia-WilliamOneilIndiaToday’s Action:

Benchmark indices retreat from highs after RBI’s monetary policy review. The Nifty Midcap index continues to trade flat, while the Nifty Smallcap index extends losses from yesterday’s session.

Daily Market Review

The benchmark indices witnessed subdued trading in today’s session in anticipation of the Reserve Bank of India’s bi-monthly monetary policy review meeting outcome. After starting the day on a positive note, the key indices quickly erased all gains and slid into the negative zone. The indices dipped further down after the RBI’s rate cut announcement, to end the day with significant losses. Continue reading “Daily Big Picture – Key Indices Turn Sluggish After RBI’s Rate Cut Announcement”

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Daily Big Picture – Key Indices Hold Ground in a Choppy Session; Focus on RBI’s Policy Outcome

MarketSmith India_William Oneil IndiaToday’s Action:

Benchmark indices extend gains. The Nifty Midcap index trades flat, while the Nifty Smallcap index posts a significant loss.

Daily Market Review

The benchmark indices continued their winning momentum with significant gains in today’s session. After trading in a narrow range for most of the session, the key indices surged higher in the final hour to end the day at a fresh closing high. On numerous occasions, the benchmark indices dipped into the negative territory, as the indices were adrift ahead of the Reserve Bank of India’s monetary policy outcome. Continue reading “Daily Big Picture – Key Indices Hold Ground in a Choppy Session; Focus on RBI’s Policy Outcome”