Month: January 2019

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Daily Big Picture – Nifty Ends Below its 200-DMA; Tata Power Gets Extension to Supply Power to BEST

Today’s Action 

Benchmark indices ended in the red today. Nifty, -1.1%, Sensex, -1.1%, Model Portfolio, +0.4%; MSI Ind 47, -0.3%.

Daily Market Review 

The Nifty 50 ended close to its day’s low. The last time Nifty lost more than one percent on consecutive days was in October. Weakness in global markets, weak Chinese economic data and muted auto sales for the month of December are some of the factors that weighed down the market. Continue reading “Daily Big Picture – Nifty Ends Below its 200-DMA; Tata Power Gets Extension to Supply Power to BEST”

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Daily Big Picture – Nifty Ends its Five-day Gaining Streak; Tamil Nadu Moves to SC Against Vedanta’s Plant Re-opening

Today’s Action 

Benchmark indices ended in the red today. Nifty, -1.1%, Sensex, -1.0%, Model Portfolio, +0.1%; MSI Ind 47, -0.8%.

Daily Market Review 

The Nifty 50 ended its five-day gaining streak. The decline can be attributed to the weakness in global indices and muted auto sales for the month of December.

On the sectoral front, all the 11 sectors ended in red. Nifty Metal (-3.4%) and Auto (-3.1%) were the top losers. Sun Pharm.Industries (+1.5%) and Bharti Infratel (+0.8%) were the major gainers whereas Eicher Motors (-8.8%) and Jsw Steel (-5.0%) were the major losers among Nifty 50 stocks. Continue reading “Daily Big Picture – Nifty Ends its Five-day Gaining Streak; Tamil Nadu Moves to SC Against Vedanta’s Plant Re-opening”