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29th July, 2013 : Comments by Amar Ambani, Head of Research, India Infoline Day 4 of weakness: HUL, ITC drag Nifty below 200-DMA The benchmark indices extended their losing streak to the fourth straight trading session on Monday. So intense was the selling pressure that the Nifty very swiftly violated its critical 200 Daily …
The Indian equity market ended in the negative terrain for the first time in seven trading sessions amid profit booking in the scrips across the sectors. The decline was seen despite better than expected corporate earning from the Indian corporate Inc. Barring the BSE Auto and BSE Capital Goods index all the other major sectoral …
The crack gets bigger and bigger for the Indian equity markets as the downfall further extended to third straight trading session on Friday. Reports stated that continues offloading by the India-focused exchange-traded funds (ETFs) further dragged the benchmark indices lower. These funds were reportedly facing strong redemption pressure. The NSE Nifty has now dropped over …
The Indian equity market further cracked on Thursday extending its downfall to the second straight trading session. The Nifty has now dropped ~170 points in last two trading session. The benchmark indices witnessed accelerated selling pressure after the Nifty breached the 200 Day Moving Average third time in the past six trading session. The index …