Tag: bse

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Daily Big Picture – Benchmark Indices Recover Most of Yesterday’s Losses; Nifty Closes in on 9,900

MarketSmith India_William Oneil IndiaToday’s Action:

The key indices opened higher today, and gained strength as the day progressed. Broader indices accompanied the headline indices on the way up.

Daily Market Review

The benchmark equity indices rallied in today’s session, and recovered a major portion of yesterday’s losses. The indices traded in the positive territory throughout the day, helped by positive global cues and stable June quarter earnings season so far. Going ahead, good results with regards to the ongoing Q1 FY 2018 earnings season will be key for the Nifty to push towards the 10,000 mark. Continue reading “Daily Big Picture – Benchmark Indices Recover Most of Yesterday’s Losses; Nifty Closes in on 9,900”

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Daily Big Picture – Benchmark Indices Turn South, as Cess on Cigarettes Takes Puff out of ITC

DailyBigPicture-MarketSmithIndia-WilliamOneilIndiaToday’s Action:

The key indices headed lower in today’s session, led by a plunge in the ITC stock and profit-booking. Broader indices accompanied the headline indices on the way down.

Daily Market Review

The benchmark equity indices witnessed a pullback in today’s session led by a plunge in the ITC stock and profit-booking. Throughout the day, the market traded in the red, as market heavyweight ITC, which opened 10% lower, dragged the headline indices. The Q1 FY 2018 earnings season has already started, and good results will be key for the Nifty to push towards the 10,000 mark. Continue reading “Daily Big Picture – Benchmark Indices Turn South, as Cess on Cigarettes Takes Puff out of ITC”

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Daily Big Picture – Benchmark Indices Extend Gains to Close at Fresh Record Highs; Nifty Closes Above 9,900

MarketSmith India_William Oneil IndiaToday’s Action:

The key indices built on their gains from last week, and made new highs in today’s session. Broader indices too witnessed buying interest.

Daily Market Review

The benchmark equity indices extended their all-time highs, led by a surge in stocks across market capitalizations and sectors (except the Nifty FMCG index). The Sensex and the Nifty made modest gains in today’s trade and closed at new all-time highs. The indices also made fresh all-time highs during the session. The Q1 FY 2018 earnings season has already started, and good results will be key for the market to sustain at higher levels. Continue reading “Daily Big Picture – Benchmark Indices Extend Gains to Close at Fresh Record Highs; Nifty Closes Above 9,900”

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Weekly Big Picture – Benchmark Indices Scale All-time highs; Record Best Weekly Gain in Four Months

MarketSmith India _ Weekly Big Picture

MARKET PULSE

Status: Confirmed Uptrend

 Highlights:

Four up days, one down day

 Weekly Market Review

The benchmark indices extended gains from last week in a record setting spree, this week. Both, the Sensex and the Nifty marked all-time highs on Monday, after rallying over 1% each. The indices held on to the positive zone with small increments on Tuesday and Wednesday, thereby extending their highs. Heavy accumulation in Thursday’s session, helped amass a weekly gain of over 2%. However, the benchmark indices snapped from their winning streak to post marginal losses, likely due to profit booking, in today’s session. Despite one down day, the key indices recorded their best weekly gain in the last four months. Continue reading “Weekly Big Picture – Benchmark Indices Scale All-time highs; Record Best Weekly Gain in Four Months”

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Daily Big Picture – Benchmark Indices Slip in Afternoon Trade; Record Fresh Closing Highs

MarketSmith India_William Oneil IndiaToday’s Action:

The key indices held onto all-time highs amid profit-booking in the second half of the session. Broader indices witnessed selling pressure.

Daily Market Review

The benchmark equity indices extended their all-time highs led by a rally in technology and auto stocks. The Sensex and the Nifty rose significantly higher, recording a new all-time high. However, in the second half of the session, indices pared solid gains to finally end marginally higher. A good start to the upcoming Q1 FY 2018 earnings season will be crucial for the key indices to maintain these levels. Continue reading “Daily Big Picture – Benchmark Indices Slip in Afternoon Trade; Record Fresh Closing Highs”