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.
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.
Today’s Action:
The Nifty and the Sensex are on a spree of clocking new highs in three out of the past four trading sessions. Ending nearly flat of high trading volume, the key composites observed a stalling day.
Daily Market Review
The key benchmarks extended their gains to hit all-time highs in today’s session. However, by the end of the day, they consolidated and erased their morning gains to end flat. The broader markets closed at a decent gain, but continue to remain under pressure, trading slightly below their 50-day moving average.
