JM Financial beat market expectations on both top-line and bottom-line fronts. The Company reported a 34% increase in total income and a 26.4% increase in earnings per share. The stock saw huge buying interest after the results were announced. JM Financial scaled a new high and closed 8.8% higher amid huge buying interest.
The festive week started off on an encouraging note as positive investor sentiment pushed the Indian market to new highs. With Nifty going past its previous high of 10178.95 and closing above it, the Indian market is now back in a Confirmed Uptrend.
Today’s Action:
Both the Nifty and the Sensex made an all-time high today and sets the perfect tone for the upcoming festivals. As the key indices crossed their previous resistance, the market is now back to “Confirmed Uptrend.”
Current Outlook:
– Market environment conducive for new purchases, but remain selective.
– Focus on fundamentally strong stocks breaking out of strong technical patterns.
– Stay disciplined and exercise sound buy and sell rules.
Daily Market Review
Key Indices started their festive week on a splendid note, as both the indices touched fresh highs. The strong earnings result, posted by the companies, uplifts the spirits of the investors.
Can someone with just low savings learn to master the market and turn that hard-earned cash into something substantial? Absolutely, one secret ingredient, Discipline! Ingredient No. two? Concentration.
Discipline means focusing your cash in the very best stocks, the ones that rise a lot and rises fast. These market lions enjoy long-term buying from institutions. This is called accumulation.
Continue reading “How to Make Profits in the Stock Market with Little Cash?”
Adani Transmission saw huge buying interest this week after Reliance Infrastructure made public that it will consider selling its Mumbai power business to Adani Transmission. The stock jumped 28.4% on massive volumes.
