MARKET PULSE:
Status: Confirmed Uptrend
Highlights:
Four up days and one down day
Weekly Market Review:
The benchmark indices extended gains from last week in a record setting spree. The Nifty and the Sensex pocketed weekly gains of 1.25% and 1.28%, respectively. On the whole, the positive sentiment in the market is very evident, with the Nifty and the Sensex going up over 5% in the New Year. Continue reading “Weekly Big Picture – Bulls Refuse To Give Up As Nifty Ends At Record High”
L&T Technology Services rallied to a new high, as the stock advanced 20% today. The Company reported 20% revenue growth, while net profit rose by 17%. The stock had broken out of a cup base pattern in November 2017 and has advanced 30% from its pivot price of INR 931 since then.
Today’s Action:
Key indices end with small gains, Broader market underperforms
Daily Market Review:
After five straight record setting sessions, the Indian barometer loses the steam in today’s choppy session. Today’s session observed volatility ahead of the expiry of January’s futures and options. Trading volumes at the bourses was slightly lower as compared to yesterday’s spiked up volume. Continue reading “Daily Big Picture – Bulls Take a Breather Ahead Of Expiry”
Delta Corp, India’s only listed casino gaming company, zoomed to a new high in today’s session. The stock surged 10.7% on more than four times the 50-day average volume today. The Company recently reported strong numbers in Q3 FY 2018, delivering a revenue and net profit growth of 57% and 344%, y/y, respectively.
Today’s Action:
Indices rise to new highs, Nifty sheds one distribution day
Daily Market Review:
The Indian benchmark indices continue their dream run to attain a new high. Both the Nifty and the Sensex displayed a great strength to top the crucial level of 11,000 and 36,000 for the first time. Positive cues from Asian markets and ending of the US government shutdown lifted the market sentiment. Continue reading “Daily Big Picture – Records Keep Tumbling As Nifty Leaves 11K Behind”
