V-Mart zoomed 11.2% to hit a record high amid heavy volume accumulation. The stock is currently trading 20% above its pivot price of Rs 1,798. The Company has strong fundamentals as its revenues and earnings have grown at an average of 19% each over the last three years.
Today’s Action:
Frontline indices concede early gains; end 1.1% down in a disappointing session.
Daily Market Review:
Market bears returned to the scene, as India’s key stock composites snapped a two-session winning streak in today’s trade.
China’s decision to impose import tariffs of 25% on 106 U.S. products resulted in fresh worries over a trade war between the two leading countries. China’s move came in retaliation to the U.S. decision to slap 25% tariff on 1,300 Chinese products. Continue reading “Daily Big Picture – Market in Doldrums As Trade War Intensifies”
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KEI Industries raced to a new high, driven by heavy-volume buying interest for the second straight session. The stock broke out of a consolidation base pattern and closed marginally below its pivot price of Rs 423.50.
Today’s Action:
Frontline indices deliver modest gains; broader market outperforms once again.
Daily Market Review:
The Indian stock market managed to close in the positive zone for the second consecutive session today, depicting shades of revived market optimism.
Despite weak global cues, leading indices did well to close with modest gains due to late-session buying. The Nifty rose 0.3% to settle at 10,245, while the Sensex gained 0.4%. Continue reading “Daily Big Picture – Late-Session Buying Lifts Key Indices”
