Ashok Leyland witnessed buying interest this week, as the stock scaled an all-time high of Rs 123.90. The stock advanced 7.7% on above-average volume this week.
Status: Uptrend Under Pressure
Two up days, Three down days
Weekly Market Review:
On Monday, the benchmark indices started the week on a bearish note, as the Nifty closed below the 9,900 mark. On Tuesday indices started consolidating as it ended flat on a negative bias. However, after posting heavy losses again on Wednesday, the benchmark indices reversed their trend as both the Nifty and the Sensex settled with gains on Thursday’s trading session. Today, the market indices tried extending their previous day’s gains, but during the last hour, indices slumped justifying the weak global cues arising due to geopolitical tensions. Continue reading “Weekly Big Picture – Weak Global Cues Drag Down The Market”
Equity benchmarks displayed some strength amidst mutable global cues. Both the indices observed a volatile trading day due to the expiry of September derivatives contract.
Daily Market Review:
The benchmark indices snapped from its seven-day long losing streak, thanks to the last hour trade. Amidst volatility, the indices managed to close in green bringing some respite to the investors. Broader indices managed to outperform the frontline indices. Continue reading “Daily Big Picture – Last Hour Trade Lifts Up Market Spirit”