Nestle India rallied 6% on above-average volume in today’s session. The stock hit a new high following strong Q4 results. It is currently trading 23% above its pivot price of Rs 7,720.
Weekly Big Picture – Bulls Turn Imperious Ahead Of Karnataka Elections
MARKET PULSE:
Highlights:
One down and four up days
Weekly Market Review:
The bulls took complete control over the bourses, helping major indices to recover from their previous week’s losses.
Despite concerns of rising crude oil prices, increase in U.S. bond yields and political tensions in the Middle East, investor sentiment remained buoyant throughout the week. Continue reading “Weekly Big Picture – Bulls Turn Imperious Ahead Of Karnataka Elections”
Chart Of The Day – Sandhar Technologies Spurts Out To A New High
Sandhar Technologies surged 3.8% to hit a new high amid strong volume. The stock got listed on April 2 and had a tepid debut on the bourses. Currently, the stock is trading 30% higher over its listing price.
Daily Big Picture – Market Succumbs To Profit Booking
Today’s Action:
Major indices fail to capitalise on positive start; midcap and smallcap stocks face heavy sell-off.
Daily Market Review:
It turned out to be a disappointing day at the bourses. India’s frontline indices gave away early gains, thereby snapping a three-day winning streak.
Both the Nifty and the Sensex finished with losses of 0.2%. However, they managed to escape distribution, due to lower trading volumes compared to the previous session. Continue reading “Daily Big Picture – Market Succumbs To Profit Booking”
Chart Of The Day – Firstsource Solutions Flexes Muscles
Firstsource Solutions rallied 12.1% on the back of solid buying interest. The Company reported a 42.1% increase in net profit in Q4 FY 2018 and also announced a dividend for the first time, boosting investor sentiment.
