Daily Big Picture – Caution Sets In Ahead of US-China Trade Talks

Today’s Action:

Nifty extends losses for second straight session; escapes distribution day.

Daily Market Review:

Benchmark indices extended losses for the second straight session, as investors turn cautious ahead of U.S.-China trade talks.

Major indices slipped right from the start, mirroring weakness in the U.S. stocks. The selling pressure mounted on Wall Street after the Federal Reserve kept interest rates unchanged and indicated higher inflation ahead.   Continue reading “Daily Big Picture – Caution Sets In Ahead of US-China Trade Talks”

Daily Big Picture – Nifty Reverses Lower, Gets First Distribution Day

Today’s Action:

Market observes volatile session; broader indices lag.

Daily Market Review:

Volatility was the name of the game in today’s trading session, as the Nifty ended lower after having a good start. The early gains faded away as the technology stocks faced another round of profit booking.

The Nifty jumped 0.4% early morning to give back 0.2% whereas the Sensex trimmed its 0.6% early gain to end with miniscule gain of 0.1%. The fall in the Nifty was on higher volume leading to a distribution day.

Continue reading “Daily Big Picture – Nifty Reverses Lower, Gets First Distribution Day”