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ETMarkets Evening Podcast: What may sway your market next week

Hi! You are listening to ETMarkets Evening Podcast.

This is..

Hi! You are listening to ETMarkets Evening Podcast.

This is Abhinav Kaul and here is a quick market wrap plus deep insights from the best of market minds.

Well what a surrender by markets today!

Equities had a tame ending today, a day after a superlative show. If you thought GDP growth cheered, it did, no doubt. But that was already priced in.

US import tariff on its allies played spoiler, which didn't allow the bulls to have a free run.

Evidently, global cues turned cold.

Investors locked in profit in power, utilities and banking stocks. Auto counters revved up on the back of upbeat May sales figures.

The Sensex closed lower by 95 points at 35,227. The NSE barometer Nifty dropped 40 points to finish at 10,696.

It turned out to be a weekly gain for both though — 302 points for the Sensex and 91 points for the Nifty.

On to the Sensex chart. Tata Steel, ONGC, Mahindra & Mahindra and Hindustan Unilever fell the most.

All but energy, telecom and auto veered into negative territory.

What's going on in fundamentals? Over to Mayuresh Joshi of Angel Broking.

Byte 1: Mayuresh Joshi

Talking about spurt in open interest, CG Power topped the league at 83.54 per cent. Just Dial at 56.18 per cent and Torrent Pharma at 55.07 per cent were the runners-up.

Let's see what Mazhar Mohammad of ChartviewIndia has to say on technicals.

Byte 2: Mazhar Mohammad

That's all for now folks. Do check out for detailed market analysis and come back for our special weekend podcast on Saturday and regular morning podcast on Monday. Have a wonderful weekend ahead.

Original Article


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