ETMarkets Evening Podcast: Market rises after 3 days; should you buy now?
Dear friends! It's great to have you at ETMarkets Evening Podcast.
I am Swati Verma who will get you a snapshot of the day's trading, peppered with views, cues and insights from top market analysts.
Three back to back sessions of loss came to a halt today as the market got back on its feet. But the most standout show came from IT stocks, which lifted the overall indices.
Rupee's continued weakness against the dollar, Nasscom's upbeat projection and CLSA's preference for IT large caps acted as tailwinds for the software pack.
The benchmark Sensex closed up 0.42 per cent at 33,845 and the broader Nifty 0.36 per cent at 10,397.
HCL Technologies topped the percentage gainer list on the Nifty, up 4.14 per cent. A total of 29 firmed up and 21 lost.
We have with us Chirag Singhvi of KIFS Trade Capital sharing his thoughts on fundamentals.
Byte 1: Chirag Singhvi
Shares of Bharti Infratel registered the biggest jump in open interest at 65.05 per cent. Grasim Industries (46.42 per cent) and Godrej Consumer Products (46.14 per cent) took the second and third slots, respectively.
Vijay Singhania from Trade Smart Online has his take on F&O market.
Byte 2: Vijay Singhania
VIX, or the fear gauge, declined by 5.62 per cent.
Mazhar Mohammad of Chartviewindia.in explains the technical signs.
Byte 3: Mazhar Mohammad
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.