ETMarkets Evening Podcast: Market extends rally; what should be your next step?
Dear friends! It's great to have you at ETMarkets Evening Podcast.
I am Swati Verma who will bring you what happened during the day's trading, mixed with analysis from top market watchers.
It was the first day of the week and the market started off with a clean set of hands. Key stock indices Sensex and Nifty rallied for the second straight session, in line with gains in Asia, after US Fed officials predicted a steady economic growth and rate hike worries faded.
The Nifty jumped 0.87 per cent to 10,583. The 30-share Sensex settled up 304 points, or 0.89 per cent, at 34,446. Maruti Suzuki advanced most, up 4 per cent.
Nifty Realty was the leading gainer, jumping over 3 per cent. On the Nifty heatmap, 38 scrips went up and 12 declined.
We have with us Sanjeev Jain of Ashika Stock Broking sharing his thoughts on fundamentals.
Byte 1: Sanjeev Jain
Shares of Oriental Bank of Commerce (OBC) saw the biggest spike in open interest at 183.17 per cent. Torrent Pharma was ranked second at 75.58 per cent and Reliance Communications at 33.55 per cent.
Nirav Chheda of Nirmal Bang Securities has his take on technicals and F&O market.
Byte 2: Nirav Chheda, Nirmal Bang Securities
That's all for now. Do check out ETMarkets.com for detailed market analysis and come back for our regular morning podcast feed. Have a great evening ahead.