Markets

ETMarkets Evening Podcast: What’s next after market’s Friday rout?

Dear friends! You are here with ETMarkets Evening Podcast.

This is Swati Verma and I will get you today's market snapshot, laced with all the cues and views from seasoned analysts and those who matter.

Bears were on the rampage and bulls had no place to hide today.

The 30-share BSE Sensex settled down 840 points, or 2.34 per cent, at 35,067. The NSE Nifty plunged 256 points, or 2.33 per cent, at 10,761. Fear gauge India VIX spiked.

Of the 50 scrips in the Nifty lot, 45 were in the red and only 5 rose. Likewise, it was red almost all over the place on the Sensex heatmap. Bajaj Auto took the hardest hit.

Here's Mayuresh Joshi from Angel Broking throwing light on the fundamental side of the market in this exclusive chat with ETMarkets.com.

Byte 1: Mayuresh Joshi of Angel Broking

The index formed a 'Long Black Day' on the daily chart and a 'Bearish Engulfing' candle on the weekly chart. This led to analysts worry over the next week's trading range.

We also have Milan Vaishnav of Gemstone Equity Research and Advisory to speak on technicals.

Byte 2: Milan Vaishnav of Gemstone Equity Research and Advisory

PC Jeweller saw the biggest spurt in open interest at 38.88 per cent, followed by Cummins India (32.70 per cent) and V-Guard Industries (25.28 per cent).

Finally, Anup Chandak of Sharekhan shares his thoughts on futures and options.

Byte 3: Anup Chandak of Sharekhan

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.

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