Today’s Action:
After displaying some strength in the previous few trading sessions, the benchmark indices observed some heavy distribution today. This selling could be attributed to the global tensions, which keep worrying the investors and partly to the earnings announcement.
Current Outlook:
– Be cautious with any new purchases.
– Make a defensive game plan for your portfolio.
– Stay disciplined and exercise sound sell rules.
Daily Market Review
The market started on an up note today, and was trading in a positive quadrant until afternoon. However, there was a sudden turn of events in the afternoon trade, as the equity indices lost their vigour to end the day with losses more than 0.25%. Both Midcap and the Smallcap also observed a subdued performance.
Continue reading “Daily Big Picture – Geopolitical Tensions Keep Worrying the Investors”