Chart Of The Day – Page Industries Shines At The Bourses

Page Industries advanced 4.9% in today’s session after reporting yet another strong quarter of earnings growth. In Q4 FY 2018, the Company’s revenue and EPS grew 22% and 41%, y/y, respectively. Reacting to upbeat earnings, the stock witnessed heavy accumulation, there by notching bouncing off its 50-day line in today’s session.

Page Industries_MarketSmithIndia

Weekly Big Picture – Friday Rally Yields Positive Week For Market

Market Pulse:

Uptrend Under Pressure


Three up and two down days

Weekly Market Review:

In a highly volatile week, market bulls overpowered bears in the final two sessions to help the Nifty and the Sensex post weekly gains.

With investors worrying about high bond yields, the depreciating rupee and rising crude oil prices, the market found itself on the back foot from the outset. Continue reading “Weekly Big Picture – Friday Rally Yields Positive Week For Market”

Daily Big Picture – Market Scripts Strong Comeback

Today’s Action:

Major indices post solid gains; Nifty reclaims 50-DMA on higher volume.

Daily Market Review:

Key benchmarks made a strong recovery, driven by a surge in buying interest in the final hour of today’s session.

Both the Sensex and the Nifty traded in positive territory before notching gains of 0.9% and 0.8%, respectively. Today’s strong move pushed the Nifty back above its 50-day line. Volumes were higher on both indices.  Continue reading “Daily Big Picture – Market Scripts Strong Comeback”