With the Indian Government announcing a recapitalization package of Rs 2.11 lakh crore for state-run banks, PSU banks hogged the limelight this week. Punjab National Bank jumped a whopping 51.8% during the week.
The 2013 Rally
Let us rewind back in time to September 2013. In the backdrop of Narendra Modi being declared NDA’s Prime Ministerial candidate, stock market bulls began loading up their stock holdings in anticipation of a strong government at the centre. Continue reading “Spotting the 2015 Stock Market Top and the Case Against Valuations”
Status: Confirmed Uptrend
Four up days, one down day
Weekly Market Review:
Key Indices started the week on a strong note and remained bullish, for most of the days, in the week. Markets touched fresh highs, for most of the days, in the week. The week observed the Nifty closing above 10,300 mark, while the Sensex also crossed the 33k mark on a closing basis. Continue reading “Weekly Big Picture – Bulls March Firmly Toward Record Highs”