Today’s Action
Nifty, -0.9%; Sensex, -0.8%; Model Portfolio, -1.1%; Nifty Midcap, -1.2%; Smallcap, -1.0%; MSI IND47, -0.7%.
Daily Market Review
Market Status: Confirmed Uptrend Continue reading “Daily Big Picture : Nifty Registers Distribution Day; Piramal Enterprises Signs Deal with Canada Pension Plan Investment Board”
For a full-time investor, investing is not a short-term battle where figuring out right ideas to buy defines the success of your strategy. Rather, it is a war where only one thing matters: Returns. One of the most important factors impacting portfolio returns is exposure management. Continue reading “Learning Article : Using Alternative Strategies to Work Market Exposure in your Favour”
Today’s Action
Nifty, -0.7%; Sensex, -0.8%; Model Portfolio, -0.9%; Nifty Midcap, -0.4%; Smallcap, +0.02%.
Daily Market Review
Market Status: Confirmed Uptrend Continue reading “Daily Big Picture : Nifty Declines in the Last Hour; Metal and Banking Stocks Lose the Most”
Market Pulse
Confirmed Uptrend
Weekly Action
Benchmark indices closed positive. Nifty, +0.9%; Sensex, +1.0%; Nifty Midcap, -0.5%; Nifty Smallcap, -0.9%; and Model Portfolio, +1.1%.
Weekly Market Review
The Nifty advanced 0.9% during the week. The index opened the week on a positive note amid strong buying in Tata Consultancy Svs., Hdfc Bank, and Tata Motors. Continuing the positive trend, the Nifty closed Tuesday’s trade on a high note and hit a new high of 11,810.95. However, the index faced some sell-off on Thursday as all the sectors ended up in the red.
On the sectoral front, Nifty Auto (+2.2%) emerged as the top gainer for the week followed by Nifty Metal (+1.3%) and IT (+1.1%). On the flip side, Nifty PSU Bank (-2.7%) was the top loser followed by Nifty Media(-2.6%) and Realty (-1.9%).
This week, on Tuesday, we changed the market status to a Confirmed Uptrend from Rally Attempt as the index closed above its previous all-time high of 11,761, which was proving to be a hard resistance over the last two weeks.
Earnings in the upcoming week:
Stocks in News
Mahindra & Mahindra: The Company signed a deal with the Indian unit of Ford Motors to develop midsize sports utility vehicles in India. Ford will invest Rs 6.8B for the development of vehicles over a period of 10 years. The stock was down 0.5% today.
RBL Bank: The Bank reported its Q4 FY19 results. Its lending grew 35%, led by wholesale lending that grew 25% and non-wholesale lending (44% of loan portfolio) that rose 49%. The NIM growth was 4.1%. The GNPA and NNPA recorded at 1.38% and 0.69%, respectively. The stock was down 0.7% today.
Ashoka Buildcon: The Company was awarded an order worth Rs 443.23 crore from Rail Vikas Nigam. The construction work, as per management, is expected to complete in 36 months. The stock was up 0.4% today.
What do you think? Please email us any questions or comments.
Continue reading with a MarketSmith India Premium subscription…
To Read Detailed Reports including Stock Recommendations, Idea Lists, Evaluate Stocks etc. Subscribe to MarketSmith India.
Today’s Action:
Both the Sensex and the Nifty observed an intraday all-time high today, however, it couldn’t sustain those levels and started consolidating as the day progressed. Finally, the Nifty managed to end flat while the Sensex ended the day with a marginal loss.
Current Outlook:
– Market environment conducive for new purchases, but remain selective.
– Focus on fundamentally strong stocks breaking out of strong technical patterns.
– Stay disciplined and exercise sound buy and sell rules
Daily Market Review
After scaling to a fresh high in yesterday’s trading session, the benchmark indices experienced a consolidation today as investors remained subdued in anticipation of quarterly earnings.
Continue reading “Daily Big Picture – Key Indices Touch New Highs Amidst Consolidation”
