Real estate stocks flexed their muscles in today’s session, as huge buying interest pushed leading stocks to new highs. Kolte-Patil Developers advanced 19% on more than seven times the 50-day average volume. The stock has now advanced 39% from its breakout of a second-stage double bottom base in September 2017.
Today’s Action:
The key indices experienced a volatile trading session today. Investors remained subdued in the light of the ongoing earnings season.
Daily Market Review:
The benchmark indices started the week on a high note after tracking positive cues from its Asian peers. However, as the day progressed, it observed some distribution in the afternoon trade. Finally, some last hour buying brought in relief for investors as the key indices finally ended the volatile trading session in green. Continue reading “Daily Big Picture – Benchmark Indices Gained Strength Amidst Volatility”
Trading volume indicates the number of shares traded in a security or an entire market during a given period of time. If you are looking only at the price changes in a stock, you will get to know only a part of the story. To get the full picture, you need to also ascertain the volume. This is necessary because you cannot tell how meaningful a price gain or price drop is until you see how much volume is behind it. It is something like being told over the phone that you got a leak in your kitchen pipes. You will be eager to know whether it is just a little trickle or a flood like situation. You would like to check the volume of water coming through that leak to gauge how serious it is. Same is the case with stocks. Checking the relative trading volume is the only way to get an accurate picture about what the price movement actually means. Continue reading “Importance of trading volume to investors”
IFB Industries witnessed huge buying interest during the festive week. The stock zoomed 14.5% and scaled new high. It recently broke out of a 13-week long cup-with-handle base and has advanced 22% in two weeks.
Samvat 2073 was quite an unusual period for the Indian equity market. While uncertainty is a given in the world of stock markets, India’s frontline indices had to deal with a lot of unpredictability due to a variety of domestic and geopolitical issues.
Despite the clouds of uncertainty looming over the Indian stock market, it turned out to be an inspiring journey in the end. The Indian market overcame the odds of Trump’s unexpected presidential win, Modi government’s demonetisation drive, GST disruption, India-China border stand-off, lower economic growth, and growing concerns of a war between the U.S. and North Korea, to emerge triumphant.
Continue reading “A Look Back at Samvat 2073 and Our Top Diwali Picks”
