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”