ETMarkets Evening Podcast: Bulls make a comeback, what’s next?
Hi there! You are listening to ETMarkets Evening Podcast.
This is Swati Verma and I will take you through today’s trading session on Dalal Street and bring you cues and trading tips from market veterans for upcoming sessions.
The bulls took full control on Dalal Street on Monday with Nifty climbing around 200 points, while Sensex gaining more than 600 points.
Short-coverings and firm global cues drove the market higher. However, midcaps did not participate much in the party.
Telecom major Bharti Airtel today got board's approval to raise up to a whopping Rs 16,500 crore funds through a mix of privately placed non-convertible debentures (NCDs) and a foreign currency bonds float for conducting treasury operations, including refinancing of debt and spectrum liabilities. Shares of the company shut shop at Rs 421 apiece, up 4.68 per cent.
Some news channels reported Infosys has announced its intent to voluntarily delist from Euronext Paris and Euronext London exchanges. The stock settled 2 per cent higher at Rs 1,186 apiece on BSE.
We have Mayuresh Joshi of Angel Broking to talk about the fundamentals and future direction of the market.
Byte 1: Mayuresh Joshi
Shares of Andhra Bank saw the biggest growth in open interest at 79.68 per cent. UPL's corresponding figure stood at 30.79 per cent and Torrent Pharma 21.88 per cent.
Chandan Taparia from Motilal Oswal Financial Services throws light on technicals and F&O market.
Byte 2: Chandan Taparia
That’s all for now folks. Do check out ETMarkets.com for detailed market analysis and come back for our regular market podcast on Tuesday morning. Have a wonderful evening ahead.