TV Today Network saw phenomenal buying interest as the stock rallied 12.9%. Thanks to today’s strong gain, it took just one session for the stock to retake its 50- and 200-day moving averages. It closed 17.7% below its 52-week high.
Daily Big Picture – MSP Hike Boosts Market Sentiment
Today’s Action:
Benchmark composites score good gains; broader indices underperform.
Daily Market Review:
After trading in a narrow range, frontline indices saw an increased buying interest following the Indian government’s decision to raise the minimum support price (MSP) for Kharif crops.
The Nifty and the Sensex ended with gains of 0.7% and 0.8%, respectively. Continue reading “Daily Big Picture – MSP Hike Boosts Market Sentiment”
What to do when Stock Market is Under Pressure?
[embedyt] https://www.youtube.com/watch?v=Je4Y_HAAumo[/embedyt]
When big money managers start reducing their exposure, it normally results in rising distribution. This moves the market into Under Pressure. Watch the video to know more about what should be your approach in such periods.
Chart Of The Day – Graphite India At New High Once Again
Graphite India hit upper circuit for the third straight session. The stock has witnessed renewed buying interest after staying sideways for few days. It closed 2.1% above its pivot price of Rs 906 in today’s session.
Daily Big Picture – Indian Market Rebounds Despite Trade War Tensions
Today’s Action:
Key indices bounce back from early losses; broader market outperforms.
Daily Market Review:
After a negative opening, benchmark indices traded firmly in the green on the back of strong global cues.
The upward movement was mainly on account of the speculation that the People Bank of China is prepared to take tougher action against the recent plunge in the yuan.
Following the news, major indices in Asian and European markets traded higher.
The U.S. Futures also gained on Tuesday despite a lingering worry about trade war between the U.S. and other major economies. On Monday, the U.S. government moved to block China Mobile for offering its services in the U.S., citing possible national security risks. Continue reading “Daily Big Picture – Indian Market Rebounds Despite Trade War Tensions”