Bajaj Electricals continued to hog the limelight, as the stock witnessed another strong up session today. The stock surged 5.9% on more than two times the 50-day average volume. As a result, the stock raced to a new high and is currently trading 10% above its pivot price of Rs. 556.65. The Company had recently launched an Internet Of Things (IoT) enabled air cooler.
Today’s Action:
Benchmark indices end mixed; Broader markets outperform.
Daily Market Review:
India’s frontline indices were mostly erratic in today’s session. After accumulating decent gains in the first half of the session, both the Sensex and the Nifty succumbed to profit booking in the final hour.
In the end, the Nifty ended the day with a modest gain of 0.05%, while the Sensex closed 0.18% lower.
Continue reading “Daily Big Picture – Bulls-Bear Standoff Continues as Key Indices Turn Nonchalant”
Mahindra Logistics witnessed strong support at its 50-day line. The stock rebounded sharply, as it gained almost 8% on almost three times the 50-day average volume. The stock closed almost 9% below its 52-week high of Rs. 559.90.
Today’s Action:
Strong gain in Nifty leads to change in market outlook.
Daily Market Review:
Market bulls made a strong comeback today, as both the Sensex and the Nifty gained about 2%.
On the back of positive global cues, the Indian market observed a gap-up opening and remained strong throughout the session. Continue reading “Daily Big Picture – Stock Indices Shift Gears; Market Enters Rally Attempt”
Let’s be honest – market bulls had luck on their side throughout 2017. The Indian stock market was kind enough to reward investors with windfall gains last year. When leading indices such as Nifty 50, Nifty Midcap, and Nifty Smallcap make gains of almost 30-60% in a single year, it is not difficult to imagine how much one could have made in leading stocks, i.e. stocks with top-notch fundamentals and high growth rates in top industry groups.
Long-term investors who ideally wait for a stock to give multi-bagger returns in 5-10 years would have been shocked to see similar returns in a span of just one year. Instead of talking about how much a stock had advanced in terms of percentage, people got used to communicating in terms of how much a stock has multiplied. Well, that’s how 2017 was – a year when compounders took a back seat and quick multi-baggers took the lead. Continue reading “Four Key Questions That Are Worrying Investors Right Now”
