Hi there! You are listening to ETMarkets Evening Podcast
This is Abhinav Kaul and I will take you through the motions of today's session on Dalal Street and bring you cues and trading tips from market veterans for the upcoming trading sessions.
After disappointing trade for last three sessions, the domestic equity market made a remarkable comeback on Thursday.
Heavy buying in banking and metal stocks helped the indices come out of the consolidation mode.
BSE Sensex added 176 points to settle the session at 33,969 with Tata Steel being the top gainer and Tata Motors, the worst laggard.
Nifty50 reclaimed the crucial 10,500 level to settle at 10,505 with 34 constituents in the green and rest in the red.
The government's move to seek Parliament's approval for Rs 80,000 crore additional spending to recapitalise public sector banks gave a fresh momentum to bank stocks.
Nifty PSU Bank index gained 2.69 per cent to 3,720. All the 12 constituents ended in the green.
Idea Cellular jumped after its board approved raising Rs 3,250 crore through a preference share issue to promoters and cleared a proposal to raise another Rs 3,500 crore.
The stock settled at Rs 105.55, up nearly 3 per cent.
G Chokkalingam of Equinomics Research & Advisory sums up the day's market proceeding for you in this exclusive chat with ETMarkets.com.
Byte 1: G Chokkalingam
Shares of Jindal Steel and Power witnessed the biggest spurt in open interest at 39.67 per cent, followed by IDBI and Jain Irrigations.
Anup Chandak of Sharekhan gives you a lowdown on the F&O market.
Byte 2: Anup Chandak
Nifty50 formed a small bullish candle on the daily chart.
We have with us Sacchitanand Uttekar of Tradebulls Securities to give us some insights on Nifty behaviour on the charts.
Byte 3: Sacchitanand Uttekar
That's all for now folks. Do check out ETMarkets.com for detailed market analysis and come back for our regular market podcast on Friday morning. Have a great evening ahead.
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