Current Market Status
The market showed signs of weakness with three down days in the holiday-truncated week ended November 22. The general trend of the market faced resistance from global sell-off during the week. The Nifty IT and Nifty Metal indices were the top losers.. A strengthening Rupee was a major concern for IT firms. With the ongoing negotiation between the Reserve Bank of India and the government on the PCA framework not ending with a material result, Nifty PSU banks lost 2.75% in the week. The next RBI meeting, scheduled on December 14, will be critical in this regard. Nifty Pharma managed to end flat, supported by Dr Reddys Laboratories’s gains, whereas Nifty FMCG, Media, and Realty ended in the green. Continue reading “Special Article”
Benchmark indices gain after three consecutive down days. Nifty, +1%, Sensex, +1.1%, Model Portfolio, +0.7%.; MSI Ind 47, -0.7%.
Daily Market Review
India’s benchmark indices gained 1% after three consecutive down days during the last week. Among sectors, Nifty FMCG (+2.2%) was the top gainer, led by Hindustan Unilever (+4.1%). Nifty Bank (+1.4%) and IT (+1.4%) also contributed to the gain. However, Nifty IT was downgraded to Correction status from Rally Attempt today since it made intraday low 1.8% below yesterday’s close before recovering. Nifty Metal’s status was changed from Rally Attempt to Correction after Thursday’s loss. Continue reading “Daily Big Picture – FMCG Stocks Gain; Nifty up 1% while Smallcap Index down 0.2%”
Every decade, fresh bull markets serve up big, new market leaders. Excellent fundamentals and increasing mutual fund ownership serve as catalysts for huge gains for select stocks. But all good runs eventually come to an end, and a sharp investor knows when to sell stocks — either to take profits or minimise losses.
What causes a stock’s run to end? By and large, it is institutional selling — when fund managers decide to liquidate large positions and take profits after a big price run. Continue reading “When To Sell Stocks: Big Break Below 50-Day Line Can Mark End Of A Huge Run”
Adani Ports gained 5.9% during the week, whereas Nifty lost 1.5%. It continues its past three week trend and ending just 0.3% below its 200-DMA.