Month: April 2018

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Weekly Big Picture – Market on a Roll Ahead of Earnings Season

MARKET PULSE

Status:

Confirmed Uptrend

Highlights:

Five up days

Weekly Market Review:

Market sentiment remained buoyant, as India’s major indices brought home solid gains for the third week in a row.

The Indian stock market achieved a rare feat of pocketing gains in each of the trading sessions of the week, only the second time in the last one year.

Key indices got off to a positive start on Monday brushing aside weak global cues, as market participants remained optimistic ahead of the earnings season. Continue reading “Weekly Big Picture – Market on a Roll Ahead of Earnings Season”

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Daily Big Picture – Bulls Stay Long And Strong As Nifty Reclaims 50-DMA

Today’s Action:

Major indices record decent gains; Broader markets buck the trend.

Daily Market Review:

For the sixth consecutive day, the Indian market ended with decent gains. The frontline indices started on a flat note but got stronger as the session progressed. In the end, the Nifty and the Sensex increased 0.4% and 0.5%, respectively.

IT companies had a robust day, as most of the technology stocks surged around 4%, on the back of falling rupee and ahead of Infosys Q4 FY 2018 earnings which are due tomorrow. Continue reading “Daily Big Picture – Bulls Stay Long And Strong As Nifty Reclaims 50-DMA”

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Daily Big Picture – Nifty Extends Winning Streak; Approaches 50-DMA

Today’s Action:

Major indices recover early losses; end near day’s highs.

Daily Market Review:

The Indian stock market remained resilient in the face of rising crude prices, delivering its fifth straight session of gains.

After slipping into the negative territory early on in today’s session, the frontline indices did well to recoup losses and pocket small gains. Nifty and Sensex logged gains of 0.1% and 0.2%, respectively. Continue reading “Daily Big Picture – Nifty Extends Winning Streak; Approaches 50-DMA”