After four consecutive sessions of decline, Sobha witnessed heavy accumulation in today’s session. The stock reclaimed its 50-day moving average in style, as it jumped almost 12% on above-average volume.
Benchmark indices reach a new high ground. Broader market follows the suit.
Daily Market Review:
The bulls were in charge again on D-street, as the stock indices continue to make record highs. The Indian market started the expiry week on a positive note and continues to trade higher despite the negative political news of the US government shutdown that began last week. Continue reading “Daily Big Picture – Bulls Remain Upbeat As Stock Indices Hit New Record”
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