Dabur India advanced 1.8% on above-average volume in today’s session. The stock scaled a new high snubbing a weak market sentiment. It closed 6.8% above it pivot price of Rs 368.60.
Daily Big Picture – Rising Crude Oil Drags Nifty Below 50-DMA
Today’s Action:
Frontline indices record sharp losses; broader market faces intense selling.
Daily Market Review:
Major indices dived lower as rising crude oil prices and weakening rupee dampened investor sentiment.
Despite weak global cues, the Indian market opened on a flat note and nudged higher in the morning trade. However, frontline indices erased their gains amid rising crude oil prices.
Brent crude oil prices rose 0.5% to $76.67 per barrel after its yesterday’s gain of 2%. The steep increase in prices followed the U.S. State Department’s recent announcement to cut oil imports from Iran. The Indian rupee declined by 30 paise to hit a 19-month low of Rs 68.54. Continue reading “Daily Big Picture – Rising Crude Oil Drags Nifty Below 50-DMA”
Top Stocks That Are Moving Sideways – MarketSmith India Webinar – 26th June 2018
[embedyt] https://www.youtube.com/watch?v=w6p2CpUSEK8[/embedyt]
Top Stocks That Are Moving Sideways – MarketSmith India Webinar covers the following:
• Current Market Condition
• Finding Top Stocks Using MarketSmith India
• Some Top Stocks That Are Setting Up Well
• Garware Wall Ropes
• Jamna Auto Industries
Chart Of The Day – Hexaware Technologies Reaps A Bounty
Hexaware Technologies advanced 5.2% on above-average volume today. The stock hit a new high and closed 17% above its pivot price of Rs 394.50. It exhibits strong technical characteristics with Price Strength of 93 and Buyer Demand of A-.
Daily Big Picture – Volatility Plagues Market; Nifty Ends with a Minor Gain
Today’s Action:
Late selling hits market; smallcap index remains weak.
Daily Market Review:
Volatility was the name of the game in today’s session, as the frontline indices chalked up small gains after a poor start.
The Indian stock market changed its course after it opened lower, but failed to keep the momentum as profit booking prevailed in the final hour of the trade.
In the end, both the Nifty and the Sensex closed the day with a miniscule gain of 0.06% each. Continue reading “Daily Big Picture – Volatility Plagues Market; Nifty Ends with a Minor Gain”