Month: August 2017

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Daily Big Picture – Global Market Weakness and SEBI Action Drag Indian Market

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Today’s Action:

Benchmark indices extended their losses from yesterday, due to global geopolitical tensions and uncertainty following SEBI’s action against alleged shell companies. Broader markets underperformed the headline indices.

Daily Market Review

The benchmark indices had a week session, with the key indices trading in red throughout the day. The key indices opened in red, as the Asian markets and the U.S. stock futures were subdued after an escalation in tensions on the Korean peninsula. North Korea has warned that it is “carefully examining” plans for a missile strike on the U.S. Pacific territory of Guam.

Continue reading “Daily Big Picture – Global Market Weakness and SEBI Action Drag Indian Market”

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Daily Big Picture – Key Indices Face Sell-off at Higher Levels; Nifty Ends Below 10,000

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Today’s Action:

Benchmark indices started the day with minor gains. However, the indices slipped into red barely an hour into trade, and ended the day with losses. Broader markets fell along with the headline indices.

Daily Market Review

The benchmark indices started on a positive note in today’s trade. However, the gains were short-lived, as the indices slipped into red within the first hour of trade. By the close of trade, both the headline indices lost about four-fifth of a percentage point, and the Nifty closed below the 10,000 mark.

Continue reading “Daily Big Picture – Key Indices Face Sell-off at Higher Levels; Nifty Ends Below 10,000”

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Daily Big Picture – Key Indices Slip in Final Hour of Trade; End the Day with Minor Losses

DailyBigPicture-MarketSmithIndia-WilliamOneilIndiaToday’s Action:

Benchmark indices started the week with a range-bound session, which ended with minor losses. Broader markets outperformed the headline indices.

Daily Market Review

The benchmark indices started the week on a quiet note in today’s trade. Volatility was low in today’s session, as the benchmark indices traded in a narrow range throughout the day. Even as both the Nifty and the Sensex traded in the positive territory for most part of the day, a minor sell-off in the final hour of trade resulted in both the headline indices closing for the day with a loss. Continue reading “Daily Big Picture – Key Indices Slip in Final Hour of Trade; End the Day with Minor Losses”