how to learn stock market india Archives

Today’s Action

Nifty, +2.5%; Sensex, +2.7%; Nifty Midcap, +1.1%; Nifty Smallcap, -1%; Model Portfolio, 0%

Daily Market Review

Market Pulse : Downtrend

Indian markets rebounded from yesterday’s record fall and closed the volatile trading session above 7,800. 35 out of 50 Nifty stocks closed in the green. Infosys(+12%), Adani Ports and Special Economic Zone(+11.5%), and Britannia Inds.(+10.6%) were the top gainers on Nifty. Today, Nifty breached its yesterday’s low and made a new low of 7,511.1, however, closed in the upper half of the day’s range. So, today’s action qualified as the day one of an attempted rally.

Continue reading “Daily Big Picture: Nifty rebounds after a record Fall”

Today’s Action

Nifty, -13%; Sensex, -13.2%; Nifty Midcap, -13%; Nifty Smallcap, -12.9%; Model Portfolio, 0%

Daily Market Review

Market Pulse: Downtrend

Nifty, after a gap down opening, hit 10% lower circuit leading to a trading halt for 45 min. After the trading resumed, the index continued to post unidirectional downward movement and closed near the day’s low with significant losses. All Nifty stocks closed in the red. Axis Bank(-27.6%), Bajaj Finserv(-27.5%), and Indusind Bank (Nse)(-23.9%) were the top three decliners on Nifty. Today, Nifty breached its Friday’s low and made a new low of 7,583.6. So, today’s action led to a reset of follow-through day count for a rally attempt.

Continue reading “Daily Big Picture: Lower Circuit for the Second Time in ONE month”