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ETMarkets Evening Podcast: What’s next after market’s fresh high?

Dear Listeners! You are here with ETMarkets Evening Podcast…

Dear Listeners! You are here with ETMarkets Evening Podcast.

This is Swati Verma and I will bring you today's market wrap, complete with all the cues and views from seasoned analysts.

The feel-good factor continued on Dalal Street as the equity benchmarks scaled yet new peaks on Monday ahead of the presentation of Union Budget 2018-19.

Positive global cues, strong liquidity and GDP estimates of 7-7.5 per cent for 2018-19 released by the Economic Survey fuelled the rally in the market.

BSE Sensex jumped 233 points to settle at 36,283 with Maruti Suzuki being the top gainer and Dr Reddy's the worst laggard.

Broader Nifty50 index shut shop at new lifetime peak of 11,130.40, up 61 points, with 28 constituents in the green and 22 in the red.

The Economic Survey 2017-18 forecasted the economic growth would accelerate to 7 to 7.5 per cent in the 2018-19 fiscal year and hence once again become the world's fastest-growing major economy.

Newgen Software Technologies made a decent debut on Monday, as the scrip got listed at Rs 253 on BSE, a 3.27 per cent premium over its issue price of Rs 245.

Here's Mayuresh Joshi of Angel Broking who speaks about fundamentals in this exclusive chat with ETMarkets.com

Byte 1: Mayuresh Joshi

Shares of Reliance Communications witnessed the biggest spurt in open interest at 33.40 per cent. HDIL and Jindal Steel came in second and third spots.

Nifty formed a bullish candle on daily chart.

We also have Nirav Chheda of Nirmal Bang Securities to explain technicals and futures and options.

Byte 2: Nirav Chheda

That's all for now. Do check out ETMarkets.com for detailed market analysis and come back for our regular morning podcast feed on Tuesday. Have a great evening ahead.

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