GM Breweries got locked at 20% upper circuit, as the stock witnessed massive buyer demand post its Q3 results. The Company reported a strong set of numbers in Q3 with net sales and net profit growing 21% and 122%, y/y, respectively. The stock surged to a new high today and entered the four-digit club for the first time.
Status: Confirmed Uptrend
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.
Continue reading “Weekly Big Picture – Stock Indices Edges Higher In 2018; Small Cap Leads Again”
Nocil broke out from a 10-week long flat base, as the stock jumped 13.1% on more than 11 times its 50-day average volume. The stock’s strong Accumulation and Distribution rating of A+ and Relative Strength Rating of 88 indicates solid demand for the stock.
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.
Continue reading “Daily Big Picture – Market Shifts To Higher Gear; Nifty Midcap Hits Record High”
Phillips Carbon Black skyrocketed to a new high in today’s session. The stock witnessed massive accumulation, as it jumped 15.6% on more than seven times the 50-day average volume.