V-Mart Retail maintained its upward trajectory by rising 13.3% during the week. The stock has advanced about 89% since the beginning of the year. The Company had announced its plan to double the store count to 400 last month.
Chart Of The Day – Zydus Wellness Leaps To A New High
Zydus Wellness advanced for the fourth straight session after finding support at its 50-day line. The stock gained 2.8% on above-average volume today. It closed 5% above its pivot price of Rs 1,398.
Weekly Big Picture – Market Ends Week with Decent Gains
Market Pulse:
Highlights:
Three up and two down days
Weekly Market Review:
Amid heightened global trade war concerns, Indian benchmark indices held onto their gains.
The week began on a grim note on Monday, as the Nifty faced high-volume selling, mirroring a weak global market sentiment. With a loss of 0.5% on the index, it turned out to be a distribution day. The Sensex escaped the brunt of distribution on account of low volume.
Market recovered from a negative opening on Tuesday to close with modest gains. Investor sentiment improved following speculations of the People Bank of China preparing to take tougher action against the plunge in the yuan. Continue reading “Weekly Big Picture – Market Ends Week with Decent Gains”
Chart Of The Day – Yes Bank Retakes 50-DMA
India’s fourth largest private sector bank received SEBI’s final approval to launch its mutual fund business. The stock gained 3.9% on above-average volume today and reclaimed its 50-day line. It is currently forming a flat base pattern, and closed 5.5% below its pivot of Rs 369.
Daily Big Picture – Nifty Remains Range-Bound; Reliance Hogs Limelight
Today’s Action:
Sensex faces distribution; midcap and smallcap stocks exhibit weakness.
Daily Market Review:
Major indices traded in a narrow range, before ending about 0.2% lower in today’s session. Volumes came in higher than the previous session, resulting in a distribution day on the Sensex. The Nifty escaped distribution as the index limited its loss to 0.19%.
Heavyweights such as Infosys and Reliance Industries dragged the market with losses of 4.6% and 2.6%, respectively. Continue reading “Daily Big Picture – Nifty Remains Range-Bound; Reliance Hogs Limelight”