Daily Big Picture – Key Indices Close Above 50-DMA; Pharma Stocks Lead The Rally

Today’s Action:

The Nifty and the Sensex displayed some signs of strength today as they closed above their 50-DMA mark; broader indices outperformed the frontline indices.

Daily Market Review:

Indian market observed a yet another volatile trading session thus keeping the investors on toes; however, the benchmark indices made a remarkable recovery today after posting losses in the last seven trading sessions. Continue reading “Daily Big Picture – Key Indices Close Above 50-DMA; Pharma Stocks Lead The Rally”

Daily Big Picture – Benchmark Indices Erased Morning Gains

 

Today’s Action:

Key indices displayed some signs of improvement in the morning but gave away all their gains as the day progressed. Broader indices ended in green today.

Daily Market Review:

 Benchmark indices started the day on a positive note, following strong closing from the global indices. However, as the day progressed, morning gains eroded as investors took this short recovery as an opportunity to close their long held position.

Continue reading “Daily Big Picture – Benchmark Indices Erased Morning Gains”