Daily Big Picture – Indices Slip, Small Caps Lag, But IND 47 Growth Stocks Shine Again

Commentary Teaser_MarketSmithIndia

Today’s Action:

Benchmarks post modest losses. The Nifty records a distribution day.

Daily Market Review:

Indian Benchmark indices closed lower on Tuesday, for the second consecutive session. The downward journey was on account of rise in both consumer and wholesale price index data. Inflation at the wholesale level increased to six-month high of 3.59% in October, as compared to 2.60% in September. Consumer inflation also jumped to a seven-month high of 3.58% in October. Continue reading “Daily Big Picture – Indices Slip, Small Caps Lag, But IND 47 Growth Stocks Shine Again”

Daily Big Picture – Bears Take Control Over D-Street; Nifty Falls Below 10,300

Today’s Action:

The benchmark indices recorded sharp losses. The broader indices fell in line with key composites.

Daily Market Review:

The frontline indices declined significantly after a flat opening in today’s trading session. Volatile session was observed throughout the day. The Sensex and Nifty escaped adding a distribution day due to lower trading volume. Continue reading “Daily Big Picture – Bears Take Control Over D-Street; Nifty Falls Below 10,300”