SGX Nifty Indicates a Muted Opening; Indian Bank and Bank of Maharashtra Raise Funds Via Bonds
Market status: Confirmed Uptrend Distribution days: Three Yesterday, Nifty, after a gap up opening, slipped toward the day’s low of 13,473 in the first half of the trading session. However, it... Market status: Confirmed Uptrend Distribution days: Three Yesterday, Nifty, after a gap up opening, slipped toward the day’s low of 13,473 in the first half of the trading session. However, it posted a handsome recovery in the last hour and came off-lows to close 0.3% higher. Volume was lower than the previous session. Broader markets outperformed as Midcap and Smallcap indices gained 0.6% and 0.8%, respectively. Nifty is trading 9.0% and 25.3% above its 50- and 200-DMA. On the sectoral front, Nifty Media advanced the most, followed by Nifty Metal and PSU Bank, which gained 1.4% and 1.8% for the day. On the flip side, Nifty Realty and Auto declined in the range of 1.0–1.1%. Market breadth was skewed toward advancers. Of 2,233 stocks traded, 1,204 stocks advanced, 697 declined, and the remaining stocks remained unchanged. With leadership broadening and indices above relevant intermediate term-moving averages, we will continue to look for leadership-quality growth names to form entry points. After a strong rally, pullback/consolidation (if any) is a constructive sign if Nifty holds its 21-DMA. It is advised to closely review the existing positions and book partial profits in stocks that are extended from their moving averages. On the flip side, tracking distribution days is crucial. Accumulation of distribution days can halt the uptrend. Key News Retail inflation for November decreased to 6.93% from 7.61% a month ago. Indian Bank raised Rs 560 crore by issuing Basel-III compliant bonds on a private placement basis. The coupon on the bond is 8.44% per annum, payable annually. Bank Of Maharashtra has raised more than Rs 200 crore through a private placement basis. This is part of the company's Rs 1,000 crore fundraising program. O’Neil Market Condition Report For the 24 emerging markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 92%; Rally Attempt, 0%; Uptrend Under Pressure, 8%; Downtrend, 0%. For the 24 developed markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 67%; Rally Attempt, 0%; Uptrend Under Pressure, 33%; Downtrend, 0%. Visit Marketsmith India to Read More About Indian Share Market News, Daily Market Tips, Model Portfolio etc. Source: Free Articles from ArticlesFactory.com Marketsmith India, One stop solution for all your Stock Market needs. Get stock market ideas and stock predictions all at one place. A proprietary tool by William O'Neil India following the CANSLIM method of investing..
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AO.co is a trusted expert in TVs, washing machines, clothes dryers and other household appliances. AO.com is one of the largest retailers in the UK and it specializes in electronics, clothes and home furniture.
At Three, we believe phones are good. They just make life better. Easier. And more fun. But
we all need to find a balance that works for us. Our mission is to help our customers use
their phones to live their best lives.
We make your life easier
Since 1992, we’ve been helping customers get the best deal on their dream phone. We firmly believe in giving you the highest quality, for the lowest price. That’s why we work with three of the UK’s leading networks to do all the haggling for you,...
At Halfords, we're all about the journey. With more than 700 stores with over 10,000 colleagues, we're the UK's leading retailer of automotive and cycling products. We are also the leading operator in MOT, tyres, car servicing and car repairs - pleasing more than 750,000 customers every year.
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