Tag: bse

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Daily Big Picture – PSU Banks Lead the Markets to Fresh Highs

MarketSmith India_William Oneil India

Today’s Action:

The benchmark indices made all-time highs as investors resorted to accumulate PSU banks after the government announced its plan to infuse INR 2.11 lakh crore in the PSU banks to address their problem of weak capitalization.

Daily Market Review:

The news about bank recapitalization by the government led the PSU banks to rally. The key indices touched a fresh high today, predominantly due to gains posted by the Nifty PSU Banks. Continue reading “Daily Big Picture – PSU Banks Lead the Markets to Fresh Highs”

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A Look Back at Samvat 2073 and Our Top Diwali Picks

a look back at markets performance

All is well that ends well

Samvat 2073 was quite an unusual period for the Indian equity market. While uncertainty is a given in the world of stock markets, India’s frontline indices had to deal with a lot of unpredictability due to a variety of domestic and geopolitical issues.

Despite the clouds of uncertainty looming over the Indian stock market, it turned out to be an inspiring journey in the end. The Indian market overcame the odds of Trump’s unexpected presidential win, Modi government’s demonetisation drive, GST disruption, India-China border stand-off, lower economic growth, and growing concerns of a war between the U.S. and North Korea, to emerge triumphant.

Continue reading “A Look Back at Samvat 2073 and Our Top Diwali Picks”

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Daily Big Picture – Last Hour Trade Lifts Up Market Spirit

MarketSmith India_William Oneil India

Today’s Action:

Equity benchmarks displayed some strength amidst mutable global cues. Both the indices observed a volatile trading day due to the expiry of September derivatives contract.

Daily Market Review:

The benchmark indices snapped from its seven-day long losing streak, thanks to the last hour trade. Amidst volatility, the indices managed to close in green bringing some respite to the investors. Broader indices managed to outperform the frontline indices. Continue reading “Daily Big Picture – Last Hour Trade Lifts Up Market Spirit”

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Daily Big Picture – Bears Take Control Over D-Street ; Nifty Below 9,750

DailyBigPicture-MarketSmithIndia-WilliamOneilIndia

Today’s Action:

Market displays bearish signal as the key indices continue to post stiff losses triggered by weak domestic and global cues.

Daily Market Review:

The benchmark indices continue its losing streak as the Sensex cracks over 400 points, while the Nifty fell over 130 points in today’s trading session. Broader and sectoral indices also posted a hefty loss. Continue reading “Daily Big Picture – Bears Take Control Over D-Street ; Nifty Below 9,750”

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Daily Big Picture – Nifty Trades Flat On Selective Buying

DailyBigPicture-MarketSmithIndia-WilliamOneilIndia

Today’s Action:

Markets observed some relief as the poor morning trading session was offset by better trade in the afternoon.

Daily Market Review

Equity indices displayed some recovery amidst volatility due to the Korean peninsula tensions and ahead of the expiry of September derivatives contracts. After declining heavily in the morning trading session, the markets observed some short recovery during the afternoon trade as the Nifty ended flat today. Midcap and Smallcap indices extended their morning gains. Continue reading “Daily Big Picture – Nifty Trades Flat On Selective Buying”