Month: January 2019

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Weekly Big Picture – FMCG and Pharma Stocks Lead; Nifty Ends Below 200-DMA

Market Pulse

Uptrend Under Pressure

Weekly Action

Benchmark indices posted weekly gains. Nifty, +0.6%; Sensex, +0.9%; Nifty Midcap, +0.1%; Nifty Smallcap, +0.2%; Model Portfolio, +0.3%; and MSI Ind 47, 0.1%.

Weekly Market Review

The Nifty started the week with three consecutive gain days but ended with two red days. The index added a distribution day today. The Nifty had retaken its 200-DMA on Tuesday but was unable to sustain it. Today, the Nifty ended below its 200-DMA. Continue reading “Weekly Big Picture – FMCG and Pharma Stocks Lead; Nifty Ends Below 200-DMA”

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Daily Big Picture – Nifty Posts Gains for the Fourth Session; IndusInd Q3 PAT grew 5.2%

Today’s Action

Benchmark indices ended in the green today. Nifty, +0.5%, Sensex, +0.6%, Model Portfolio, +1.7%; MSI Ind 47, +0.6%, Nifty Midcap -0.1%, Smallcap -0.2%.

Daily Market Review

Market Status:Uptrend Under Pressure

India’s benchmark indices continued to post gains for the fourth straight session taking cues from global indices. During today’s session, Nifty was down 0.3% but recovered late and post gains. Oil Marketing Companies posted losses. Continue reading “Daily Big Picture – Nifty Posts Gains for the Fourth Session; IndusInd Q3 PAT grew 5.2%”

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Daily Big Picture – Nifty Retakes its 200-DMA; Lupin Gets a EU nod for NaMuscla Drug

Today’s Action

Benchmark indices ended in the green today. Nifty, +0.3%, Sensex, +0.4%, Model Portfolio, -0.2%; MSI Ind 47, -0.02%, Nifty Midcap -0.1%, Smallcap +0.3%.

Daily Market Review

Market Status: Uptrend Under Pressure

India’s benchmark indices continued to post gains for the third straight session taking cues from global indices. Continue reading “Daily Big Picture – Nifty Retakes its 200-DMA; Lupin Gets a EU nod for NaMuscla Drug”

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Daily Big Picture – Nifty Tests its 200-DMA; Tata Motors-owned JLR Posts Good UK Sales

Today’s Action 

Benchmark indices ended in the green today. Nifty, +0.4%, Sensex, +0.4%, Model Portfolio, -0.7%; MSI Ind 47, +0.6%.

Daily Market Review 

India’s benchmark indices got off to a gap-up opening buoyed by continued buying by domestic investors and positive cues from the global market. Indian rupee touched 69.3/dollar, strongest level in the last five months as investors appear optimistic of a pause in U.S. rate hike.  Continue reading “Daily Big Picture – Nifty Tests its 200-DMA; Tata Motors-owned JLR Posts Good UK Sales”