Tag: nifty

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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 – Sensex Notches up 32K in its Record-breaking Streak; Nifty Strides Towards 9,900 Mark

MarketSmith India_William Oneil IndiaToday’s Action:

The key indices continue their winning streak with significant gains, for a fourth straight session. Broader markets underperform frontline composites.

Daily Market Review

In today’s trading session, the benchmark indices recorded new all-time highs, yet again. The Sensex and the Nifty started significantly higher and build on the gains as the session progressed. The Sensex claimed 32,000 mark for the first time, while the Nifty inched closer to the 9,900 mark. Continue reading “Daily Big Picture – Sensex Notches up 32K in its Record-breaking Streak; Nifty Strides Towards 9,900 Mark”

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Daily Big Picture – Key Indices Mark Fresh Closing High for Third consecutive session; Broader Indices Rebound Sharply

MarketSmith India_William Oneil IndiaToday’s Action:

The key indices continue their winning streak with significant gains. Broader markets outperform frontline composites.

Daily Market Review

The frontline indices recorded new closing all-time highs for the third consecutive session, today. After opening significantly higher, the indices witnessed choppy movement for most of today’s trading. However, the key index clung on to the gains and closed near the day’s high.  Continue reading “Daily Big Picture – Key Indices Mark Fresh Closing High for Third consecutive session; Broader Indices Rebound Sharply”

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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”