Major indices extend gains; broader market outperforms.
Daily Market Review:
“The only thing that is constant is change.”
After going through a rough patch in recent times, the Indian stock market closed in green for the second straight session.
With global markets rebounding sharply on the back of fading trade war concerns, India’s key indices managed to bring home modest gains. Continue reading “Daily Big Picture – Key Indices Extend Gains; Nifty Crosses The 10,150 Mark”
One of India’s leading consumer brands, Titan witnessed heavy buying interest in today’s session. The stock broke out to a new high, as it rallied 4.9% on more than two times the 50-day average volume.
Major indices deliver strong gains; broader indices also join the party.
Daily Market Review:
India’s key benchmarks made a solid start to the week, as late-session buying helped Nifty and Sensex to close above the levels of 10K and 33K, respectively.
After a muted first-half, market bulls came in hordes to lift Nifty and Sensex higher by 1.3% and 1.4%, respectively.
In addition to accumulating strong gains, both the major indices stayed above their lows made during Friday’s heavy sell-off. Continue reading “Daily Big Picture – Market Makes Amends; Nifty Rises 1.3%”
One highly dangerous investing approach all investors in growth stocks ought to think over is averaging down.
This approach means buying a stock, watching it drop and then buying more shares, with an aim to lower your average buy price.
It is one of the biggest myths in investing, particularly for high-growth companies. Don’t confuse it with the cost-averaging method of long-term investing in a mutual fund or broad-based equity ETF. Continue reading “Crushing The Investing Myth That It Is Ok To Buy On Dips”
Techo Electric vetoed market sell-off to recoup its short and long-term support levels of 10 and 40-week moving averages. This week, the stock jumped around 13.3% on above-average volume. It is trading in a consolidation base pattern, facing resistance at Rs 427.45.