PNB Housing Finance rallied 13.5% on above-average volume this week. The stock retook its 200-day line amid heavy buying interest. It managed to deliver monthly gains for the first time in seven months.
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Chart Of The Day – Kalpataru Power Bounces Sharply From 50-Day Line
Weekly Big Picture – Market Snaps Four-Week Losing Streak
MARKET PULSE
Status:
Rally Attempt
Highlights:
One down and two up days
Weekly Market Review:
The final week of the financial year brought smiles to investors, as frontline indices snapped out of their four-week long losing streak.
The three-day trading week kicked off with solid gains for major indices, as late-session buying helped the Nifty and the Sensex to close above the levels of 10K and 33K, respectively, on Monday.
As fears of a trade war between the U.S. and China receded, benchmark indices managed to bring home decent gains on Tuesday. Continue reading “Weekly Big Picture – Market Snaps Four-Week Losing Streak”