Weekly Big Picture – Stock Indices Edges Higher In 2018; Small Cap Leads Again

Weekly Big Picture

MARKET PULSE:

Status: Confirmed Uptrend

Highlights:

Four up and one down days

Weekly Market Review:

The Indian market has kept its winning streak alive in 2018, as the Nifty and the Sensex posted a weekly gain of 0.27% and 0.28%, respectively. Post the holiday session, the year 2018 started on a muted note with the Monday’s trade closing lower at 0.90% for the Nifty. However, markets were quick to pick up the momentum toward the close of the week, as Thursday and Friday’s action each brings a gain of 0.59% and 0.51% on the Nifty.
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Daily Big Picture – Market Shifts To Higher Gear; Nifty Midcap Hits Record High

Daily Big Picture

Today’s Action:

The benchmark indices extended their gains. The Nifty Midcap records a new high.

Daily Market Review:

The Indian stock indices reverted to their indefinite bullish trend on Thursday, as positive cues from global markets supported broad-based buying. Tracking the overnight rally of the U.S. market, India’s major average opened on a flat-to-positive note and continued to trend upward as positive European cues strengthened investors’ confidence.

In the end, the Nifty pocketed a gain of 0.59% at 10,504.80 while the Sensex jumped 0.52% to close at 33,969.64.

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