Hi there! You are listening to ETMarkets Evening Podcast.
This is Abhinav Kaul and I will offer a digest of today’s trading on Dalal Street and bring you cues and tips from market veterans for the sessions ahead.
Early optimism stemming from favourable macro indicators such as retail inflation and IIP fizzled out as the market failed to make the most of the gains.
It was a volatile session throughout as stocks swung wildly towards the fag end of the trade.
The 30-share Sensex settled down 61 points at 33,857. Nifty was flat, up just 5 points at 10,427.
Bank of India rose on news that the public lender had recovered Rs 7,000 crore of NPAs.
PNB was up too after ET reported that the lender agreed to honour claims by other banks who gave credit to jeweller Nirav Modi and his uncle Mehul Choksi against the guarantees given.
We have Hitesh Agrawal of Religare Securities to talk about the fundamental side of markets.
Shares of TCS saw the maximum spike in open interest at 94.16 per cent. Indian Oil's corresponding figure stood at 26.09 per cent and Bank of India 25.94 per cent.
Mazhar Mohammad from Chartview India throws light on technicals.
On the Nifty heat map, 29 advanced and 21 declined.
Anup Chandak of Sharekhan shares details on F&O mart.
That’s all for now folks. Do check out ETMarkets.com for detailed market analysis and come back for our regular market podcast on Wednesda...