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 upcoming trading sessions.
The domestic equity market managed to close on a respectable note on Friday, after falling relentlessly during the week.
The bulls were in full control giving no space to bears.
The recovery in the market comes at a crucial time as the much-awaited Gujarat polls kick starts tomorrow.
Nifty50 index gained nearly 100 points to end at 10,265.65 with 38 out of 50 constituents ending in the green.
Shares of Future Consumer rallied 16 per cent after Morgan Stanley initiated coverage on the company with ‘overweight’ rating and set target price of Rs 95.
Shares of Unitech hit upper circuit limit of 20 per cent after the National Company Law Tribunal (NCLT) allowed the government to appoint 10 nominee directors at the company after the Ministry of Corporate Affairs (MCA) approached the court, seeking control of the debt-laden firm, media reports said. The stock settled at Rs 7 apiece on BSE.
Chirag Singhvi of KIFS Trade Capital sums up the day’s market proceeding for you in this exclusive chat with ETMarkets.com.
Byte 1: Chirag Singhvi
Vijay Singhania of Trade Smart Online gives you a lowdown on the F&O market.
Byte 2: Vijay Singhania
Nifty50 on Friday rallied over 1 per cent and signed off the week with a 'Hammer' formation on the weekly charts.
We have with us Mazhar Mohammad of Chartview India to give us some insights on Nifty behaviour on the charts.
Byte 3: Mazhar Mohammad
That’s all for now folks. Do check out ETMarkets.com for detailed market analysis and come back for our regular weekend podcast on Saturday and for regular market podcast on Monday morning. Have a wonderful weekend ahead.
The post ETMarkets Evening Podcast: How will the market behave next week? appeared first on News Wire Now.