Tag: bse

Posted on

Daily Big Picture – Key Indices Slip in Final Hour of Trade; End the Day with Minor Losses

DailyBigPicture-MarketSmithIndia-WilliamOneilIndiaToday’s Action:

Benchmark indices started the week with a range-bound session, which ended with minor losses. Broader markets outperformed the headline indices.

Daily Market Review

The benchmark indices started the week on a quiet note in today’s trade. Volatility was low in today’s session, as the benchmark indices traded in a narrow range throughout the day. Even as both the Nifty and the Sensex traded in the positive territory for most part of the day, a minor sell-off in the final hour of trade resulted in both the headline indices closing for the day with a loss. Continue reading “Daily Big Picture – Key Indices Slip in Final Hour of Trade; End the Day with Minor Losses”

Posted on

Weekly Big Picture – Benchmark Indices Extend Gains; Sensex Picks up Two Distribution Days

MarketSmith India _ Weekly Big Picture.MARKET PULSE

Status: Confirmed Uptrend

Highlights:

Three up days, two down days

Weekly Market Review

The benchmark indices managed to move higher after the gains made during the last week. Both, the Sensex and the Nifty started on a positive note on Monday after rallying over 0.60% each. On Tuesday, even as both the headline indices advanced higher, the Sensex’s gain was muted, at 0.19% compared with 0.37% for the Nifty. Both the indices registered their respective all-time closing highs on Tuesday. The Sensex picked up distribution days on Wednesday and Thursday, while the Nifty added one to its tally yesterday. The indices closed for the week with modest gains in today’s session. Continue reading “Weekly Big Picture – Benchmark Indices Extend Gains; Sensex Picks up Two Distribution Days”

Posted on

Daily Big Picture – Financials Weigh on Benchmark Indices; Broader Markets Underperform Key Composites

DailyBigPicture-MarketSmithIndia-WilliamOneilIndiaToday’s Action:

The benchmark indices extend losses from yesterday’s session. The Nifty Midcap and Smallcap indices correct over 1%.

Daily Market Review

The benchmark indices witnessed selling pressure right from the start of today’s session. After starting in the negative zone, the key indices sunk deeper to erase all gains recorded in the first two sessions of the week. Continue reading “Daily Big Picture – Financials Weigh on Benchmark Indices; Broader Markets Underperform Key Composites”

Posted on

Daily Big Picture – Key Indices Turn Sluggish After RBI’s Rate Cut Announcement

DailyBigPicture-MarketSmithIndia-WilliamOneilIndiaToday’s Action:

Benchmark indices retreat from highs after RBI’s monetary policy review. The Nifty Midcap index continues to trade flat, while the Nifty Smallcap index extends losses from yesterday’s session.

Daily Market Review

The benchmark indices witnessed subdued trading in today’s session in anticipation of the Reserve Bank of India’s bi-monthly monetary policy review meeting outcome. After starting the day on a positive note, the key indices quickly erased all gains and slid into the negative zone. The indices dipped further down after the RBI’s rate cut announcement, to end the day with significant losses. Continue reading “Daily Big Picture – Key Indices Turn Sluggish After RBI’s Rate Cut Announcement”

Posted on

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”