Hi there! You are listening to ETMarkets Evening Podcast.
This is Swati Verma and I will sum up today’s session on Dalal Street and bring you cues and trading tips from market veterans for upcoming sessions.
It was a lacklustre week for the stock market. Bulls remained indecisive throughout on Friday as trade related uncertainties had investors on edge. A likely summit between US President and the top North Korean leader gave some fodder to the bulls.
The BSE Sensex closed down 44 points, or 0.13 per cent, at 33,307. The NSE Nifty50 edged lower 16 points, or 0.15 per cent, to 10,227.
Losses in banking and auto pulled down the overall indices. For the week, both Sensex and Nifty declined over 2 per cent.
Of the 50 stocks in the Nifty team, 28 lost and the rest won.
Chirag Singhvi of KIFS Trade Capital explains the fundamentals.
Byte 1: Chirag Singhvi
Torrent Pharma logged the biggest spurt in open interest at 26.30 per cent. Federal Bank (16.29 per cent) came in second, followed by Allahabad Bank (13.29 per cent).
Nirav Chheda of Nirmal Bang Securities explains the F&O market and technicals.
Byte 2: Nirav Chheda
That’s all for now folks. Do check out ETMarkets.com for detailed market analysis and come back for our regular market podcast on Monday morning. Have a wonderful evening ahead.