Daily Big Picture – Financials Lead the Rally in Expiry Season

Today’s Action:

 Market recoups from its yesterday’s loss; broader market lags.

Daily Market Review:

Financial stocks led Thursday’s rally, helping the major indices rebound from yesterday’s loss.

As expected, volatility was high in today’s expiry session. After getting off to a good start, both benchmark indices finished with gains of 1.2%, thanks to a late surge.

The Sensex ended May with a monthly gain of 0.5% whereas the Nifty remained flat.  Continue reading “Daily Big Picture – Financials Lead the Rally in Expiry Season”

Daily Big Picture – Volatility Plagues Market; Moody’s Cuts GDP Forecast

Today’s Action:

Weak global cues drag frontline indices; broader market follows suit.

Daily Market Review:

Benchmark indices extended losses for the second straight session as weakness in the global market dented investor sentiment.

The selling pressure mounted on the global stocks due to political turmoil in Italy.

Mirroring weak global cues, major indices gapped down and remained in a negative territory for the most part of session.  Continue reading “Daily Big Picture – Volatility Plagues Market; Moody’s Cuts GDP Forecast”