Tag: nifty

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Daily Big Picture – Markets Rejoice the Largely Hassle-Free Implementation of the GST; March Higher

 

MarketSmith India_William Oneil India

Today’s Action:

The  benchmark indices opened on a positive note, and built on gains during the day; finally ending with close to 1% gains.

Daily Market Review

The benchmark indices made impressive gains in today’s trading session, which was expected to remain volatile largely due to concerns over the implementation of the Goods and Services Tax (GST). However, the rollout of the much-awaited tax reform has been largely hassle-free, which was reflected in the buoyant mood seen on the Street today.

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Weekly Big Picture – Key Indices Retreat from Higher Levels, as GST Jitters and Global Weakness Drag the Market

MarketSmith India _ Weekly Big Picture.

MARKET PULSE

Status: Confirmed Uptrend

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.

Continue reading “Weekly Big Picture – Key Indices Retreat from Higher Levels, as GST Jitters and Global Weakness Drag the Market”

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Weekly Big Picture – Uncertain Global Cues Weigh on Key Indices; Broader Markets Hold Ground

MarketSmith India _ Weekly Big Picture

MARKET PULSE

Status: Confirmed Uptrend

Highlights:

Two up days, three down days

Weekly Market Review

The Benchmark indices came under the grip of bears to post sharp losses this week. The key U.S. Federal reserve meeting and political uncertainties in Europe added to the woes of the Indian market.

Continue reading “Weekly Big Picture – Uncertain Global Cues Weigh on Key Indices; Broader Markets Hold Ground”

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Daily Big Picture – Indian Markets Tank In Line with Global Peers after Fed’s Rate Outlook

DailyBigPicture-MarketSmithIndia-WilliamOneilIndia

Today’s Action:

The benchmark indices recorded sharp losses. In contrast, broader indices continue to trend higher.

Daily Market Review

The Benchmark indices declined significantly in today’s trade, as market sentiment was hit by Federal Reserve’s hawkish outlook on the U.S. economy. After a flat opening, the indices piled up significant losses to close near the day’s low.

Continue reading “Daily Big Picture – Indian Markets Tank In Line with Global Peers after Fed’s Rate Outlook”