Daily Big Picture – Fiscal Deficit Data Drags The Market Down

Commentary_MarketSmithIndia

Today’s Action:

Benchmark Indices experienced a volatile trading session today, ahead of key GDP data and the expiry of F&O.

Daily Market Review:

Markets were volatile in today’s trading session, as the key indices lost more than 1% amidst uncertainty over the September quarter GDP data. The increase in fiscal deficit figure released today put heavy pressure on banking stocks. Continue reading “Daily Big Picture – Fiscal Deficit Data Drags The Market Down”

Chart Of The Day – Sobha Reclaims Three Year Old Record High In Style

There is no stopping for Sobha, as the stock continued its winning momentum to reclaim its all-time high, that was set over three years ago. In today’s session, the stock shot-up 10% on twice the average trading volume. The stock continues to garner interest from both retail and institutional buyers. The stock’s topline growth has accelerated in the last two quarters, translating to double-digit earnings growth.

Sobha - Chart of the Day_MarketSmithIndia

Daily Big Picture – Markets Trade Flat; IND 47 Stock Outperforms the Key Indices

29-11-2017_MarketSmithIndia

Today’s Action:

Markets remained flat, amidst negative triggers from Korean Peninsula; investors remain watchful of the September Quarter GDP data yet to be released tomorrow.

Daily Market Review:

Benchmark indices traded flat today, ahead of futures expiry tomorrow. The uncertainty over September quarter GDP, which is to be announced tomorrow, keeps the  investors on their toes. Continue reading “Daily Big Picture – Markets Trade Flat; IND 47 Stock Outperforms the Key Indices”