Nestle India continued its good run, as the stock advanced 2.5% on above-average volume in today’s session. The stock made a new high of Rs 9,999, failing to cross the 10,000 mark. Since the beginning of the year, the stock has advanced 26%.
Uptrend Under Pressure
Two up and three down days
Weekly Market Review:
Volatility continued to loom over the Indian market, as the 50-share index, Nifty oscillated between 10,500 and 10,800.
Once again, there was a massive divergence between large cap stocks and lower cap names. While frontline indices accumulated decent gains of 0.9%, the Nifty Midcap and Smallcap tumbled 0.8% and 1.5%, respectively. Continue reading “Weekly Big Picture – Nifty Pockets 0.9% Gain in Volatile Week”