Daily Big Picture – Sell-Off In The Final Hour Weighs On The Market

dily-big-picture-MarketSmith_IndiaToday’s Action:

Equity indices extended their gains during the day, however, as the day progressed the Sensex ended flat, while the Nifty lost 0.14%.

Daily Market Review

Benchmark Indices started the day positively, but both the indices lost most of the day’s profit in the last hour of the trade. Broader indices also lost most of the gains it had accumulated in the last two trading sessions. Continue reading “Daily Big Picture – Sell-Off In The Final Hour Weighs On The Market”

Daily Big Picture – Sensex crosses the mount 32k, Nifty inches towards the 10,100 mark

MarketSmith India_William Oneil IndiaToday’s Action:

Benchmark Indices tracked positive cues from its global peers and extended their gains in today’s trading session. Broader and sectoral indices followed the frontline indices.

Daily Market Review

After crossing the 10K mark yesterday, the benchmark indices extended their gains during the last hour of the trading session. The Sensex gained almost 276 points today to cross the 32k mount, while the Nifty made a move towards the 10,100 mark. This up move in the indices could be attributed to the positive global cues. Continue reading “Daily Big Picture – Sensex crosses the mount 32k, Nifty inches towards the 10,100 mark”

Daily Big Picture – Nifty Scales 10K Mark; Eyes All-Time High

MarketSmith India_William Oneil IndiaToday’s Action:

Benchmark indices bounced back strongly. The Nifty reclaims the 10K mark.

Daily Market Review

The benchmark indices started the week on a positive note, making a strong bounceback after observing a few weeks of volatility. The Nifty reclaimed the 10K mount while the Sensex added almost 194 points in today’s trading session. The broader indices followed the frontline indices and extended their rally further today. Continue reading “Daily Big Picture – Nifty Scales 10K Mark; Eyes All-Time High”

Daily Big Picture – Nifty Posts Marginal Gains in Lacklustre Session

MarketSmith India_William Oneil IndiaToday’s Action:

The benchmark indices witnessed a choppy session. Broader indices scale all-time highs.

Daily Market Review

The benchmark indices were range bound in today’s trading session, after recording significant losses yesterday. Starting mildly higher, the indices lost momentum and retreated from the day’s highs. By the close of trading, the Nifty managed to garner small gains, while the Sensex ended flat. The market lacked fresh cues that could guide investors ahead.   Continue reading “Daily Big Picture – Nifty Posts Marginal Gains in Lacklustre Session”

Daily Big Picture – Nifty Tanks as North Korea Ups the Ante

Today’s Action:

Benchmark indices sold off in today’s session on account of escalating tensions in the Korean peninsula. Broader markets followed suit.

Daily Market Review

The Indian market had a weak opening, taking cues from the Asian markets after North Korea fired a missile early in the day, which flew over Japan and landed in Pacific waters about 1,180 kilometers off the northern region of Hokkaido. On account of the increased uncertainty in the Korean peninsula, U.S. stock futures, European and Asian share markets tumbled, as investors turned their focus to safe-haven assets such as gold. The Indian market too had no respite, as the Nifty and the Sensex lost further ground as the day progressed.

Continue reading “Daily Big Picture – Nifty Tanks as North Korea Ups the Ante”