Dear friends! You are here with ETMarkets Evening Podcast.
This is Swati verma and I will get you today's market wrap, complete with all cues and views from seasoned analysts and those who matter.
Market participants decided not to fall for any bait and wait for the Union Budget tomorrow for clarity. Finance Minister Arun Jaitley will have to do a tough balancing act when it comes to fiscal deficit. Key equity indices turned lower.
The US Federal Reserve is slated to announce its decision later tonight at the end of its two-day policy meet — the last for Janet Yellen as the Chair.
At the close, the Nifty50 edged down 22 points to 11,028 and the Sensex settled at 35,965, losing 69 points.
Out of a total 50 scrips in the Nifty lot, 21 shut in the green and 28 in the red. One was unchanged.
Coming to the Sensex, Dr Reddy's lost by the biggest margin. Kotak Bank emerged as the winner.
As of 5.30 pm on the third day, the IPO by Galaxy Surfactants stood subscribed 19.8 times.
Here's G Chokkalingam from Equinomics Research and Advisory explaining why this Budget means so much for markets in this exclusive chat with ETMarkets.com.
Byte 1: G Chokkalingam
Havells saw the maximum jump in open interest at 64.29 per cent. Arvind and Escorts came up next, in that order.
The 'Doji' formation on the daily chart was a proof of indecisiveness among traders ahead of the Union Budget 2018.
We also have Chandan Taparia of Motilal Oswal to speak on technicals.
Byte 2: Chandan Taparia
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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