Vakrangee slumped 20% on four times the 50-day average volume in today’s session. The stock fell for the third straight session after the Company came under SEBI’s lens for alleged share price and volume manipulation. The stock has corrected 29% from its all-time high.
Today’s Action:
Benchmark composites settle for small losses; Midcap and smallcap stocks bleed further.
Daily Market Review:
Investors had nothing to cheer about as India’s key indices slipped further in today’s session. Amid rumours of long-term capital gains tax becoming a reality once again, market participants resorted to profit-booking ahead of tomorrow’s budget announcement. Continue reading “Daily Big Picture – Bears Take Charge As Broader Market Slips Further”
Healthcare Global Enterprises paid no heed to the general market sell-off and jumped almost 7% in today’s session. The stock has been trading in a consolidation base pattern for the past 11 weeks. It closed 2% below its pivot price of 321.
Today’s Action:
Weak global cues keep D-Street bulls on sidelines.
Daily Market Review:
Mirroring weakness in global markets, India’s key indices succumbed to selling pressure in today’s session. The Nifty lost 0.73% while the Sensex shedded 0.69% today due to lack of buying interest. Continue reading “Daily Big Picture – Sell-Off in Broader Indices Intensifies”
[embedyt] https://www.youtube.com/watch?v=uGNdFRmAj8c[/embedyt]
Components of Winning Stocks: Rising Institutional Sponsorship – MarketSmith India Webinar covers the following:
• What is Institutional Sponsorship
• Why is it important
• Checklist for Institutional Sponsorship
• How to see Institutional Sponsorship support in a technical chart
