Month: May 2018

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Daily Big Picture – Nifty Gains for Third Straight Session

Today’s Action:

Key indices record decent gains following positive reversal.

Daily Market Review:

Stock indices broke out from its early range-bound session to record decent gains on Wednesday, notching a third up day in a row.

The day began on a tepid note, as Donald Trump’s decision to pull the U.S. out of Iran nuclear deal weighed on market sentiment. However, positive reversal in some banking and financial names along with metal and IT stocks scripted an impressive market recovery. Continue reading “Daily Big Picture – Nifty Gains for Third Straight Session”

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Daily Big Picture – Volatility Reigns Over D-Street Ahead Of Trump’s Iran Decision

Today’s Action:

Nifty hovers around 10,700 level in a volatile session.

Daily Market Review:

Investor sentiment oscillated between distress and relief, as key indices remained highly volatile in today’s session.

The stock market extended its rebound in early morning trade amid strong Asian cues. But, the frontline indices lost steam to end flat amid high volatility. Both Nifty and Sensex ended today’s choppy session above the break-even line and gained 0.02%.  Continue reading “Daily Big Picture – Volatility Reigns Over D-Street Ahead Of Trump’s Iran Decision”

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Chart Of The Day – Exide Industries Scales New High

Exide Industries witnessed massive buying interest following robust numbers in Q4 FY 2018. The stock rallied 5.5% and touched a new high today, with volume coming in more than 7x the 50-day average volume. The Company reported a 15.4% growth in net profit and a 11.6% rise in revenues in Q4 FY 2018.

Exide Industries_MarketSmithIndia

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Daily Big Picture – Nifty Shifts Gear; Regains 10,700 Level

Today’s Action:

Nifty witnesses positive reversal; reclaims 10,700 level.

Daily Market Review:

The Indian stock indices pocketed decent gains on Monday, as the worries of global trade war eased out.

Major indices opened on an undertone note as the crude oil prices touched highest level since November 2014. The crude oil price has surged 67% since June 2017 to $70 per barrel leading to weakening of the Indian rupee. The surge was in accordance with rising Venezuela’s economic crises and higher chances of U.S. re-imposing sanctions on Iran.  Continue reading “Daily Big Picture – Nifty Shifts Gear; Regains 10,700 Level”