Daily Big Picture – Key Indices Hold Ground in a Choppy Session; Focus on RBI’s Policy Outcome

MarketSmith India_William Oneil IndiaToday’s Action:

Benchmark indices extend gains. The Nifty Midcap index trades flat, while the Nifty Smallcap index posts a significant loss.

Daily Market Review

The benchmark indices continued their winning momentum with significant gains in today’s session. After trading in a narrow range for most of the session, the key indices surged higher in the final hour to end the day at a fresh closing high. On numerous occasions, the benchmark indices dipped into the negative territory, as the indices were adrift ahead of the Reserve Bank of India’s monetary policy outcome. Continue reading “Daily Big Picture – Key Indices Hold Ground in a Choppy Session; Focus on RBI’s Policy Outcome”

Daily Big Picture – Banking Stocks Boost Benchmark Indices to a Solid Start

MarketSmith India_William Oneil IndiaToday’s Action:

Benchmark indices begin the week with good gains. The Nifty Midcap index manages to record a decent gain, while the Nifty Smallcap index slips into the negative zone at the last hour.

Daily Market Review

The benchmark indices started off the week on a positive note as the Sensex and the Nifty recorded significant gains to scale fresh closing highs. Banking stocks led today’s rally after State Bank of India slashed savings bank interest rate to 3.5%, earlier today. However, the overall market movement was constrained by pharma and FMCG stocks. Continue reading “Daily Big Picture – Banking Stocks Boost Benchmark Indices to a Solid Start”

Weekly Big Picture – Benchmark Indices Make Record Highs; Financials Lead the Rally

MarketSmith India _ Weekly Big PictureMARKET PULSE

Status: Confirmed Uptrend

Highlights:

Two up days, three down days

 Weekly Market Review

 The benchmark indices continued their winning streak from last week. Both the Sensex and the Nifty started on a positive note on Monday after rallying more than 0.50% each. On Tuesday, the Nifty crossed the 10K mark intraday, but failed to hold the momentum and ended up in red. The Nifty observed its all-time highs on Wednesday after it closed above the 10K level. The expiry of F&O on Thursday observed some distribution in the Nifty, as a result of which the index traded flat, while the Sensex made an all-time high. Continue reading “Weekly Big Picture – Benchmark Indices Make Record Highs; Financials Lead the Rally”

Daily Big Picture – Benchmark Indices Extend Rally; Sloppy Second Half Trims Away Gains

dily-big-picture-MarketSmith_IndiaToday’s Action:

Benchmark indices trade flat, while broader indices shed some of the gains.

Daily Market Review

The benchmark indices extended their rally in the early hours of the trading session, however, it lost most of its gains as the day progressed and finally ended in flat. Continue reading “Daily Big Picture – Benchmark Indices Extend Rally; Sloppy Second Half Trims Away Gains”

Daily Big Picture – Stock Indexes Gallop to New Highs

MarketSmith India_William Oneil India

Today’s Action:

The key indices opened higher today and extended their gains, both the indices made all time highs and registered their highest closing levels ever.

Daily Market Review

The benchmark indices continue its winning streak after both the Nifty and the Sensex made an all-time high today. The Nifty is close to the 10K peak due to the positive earnings quarter. Continue reading “Daily Big Picture – Stock Indexes Gallop to New Highs”