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ETMarkets Evening Podcast: Markets extends fall; what’s your next move?

Hi there! You are listening to ETMarkets Evening Podcast

T..

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 the market veterans for the upcoming trading sessions.

As expected, Dalal Street witnessed a big sell-off on Wednesday after both IIP data for October and CPI inflation numbers for November spoiled investors mood.

This apart, almost a 100 per cent certainty of the US Fed rate hike today also scared the investors from taking any fresh long-term positions.

BSE Sensex slumped 175 points to settle at 33,053 with Kotak Mahindra Bank being the top gainer and Cipla the worst laggard.

Shares of Punj Lloyd climbed over 10 per cent during the day after the company informed bourses it has received orders from GAIL (India) and NHAI.

Shares of cement majors climbed after Supreme Court allowed the cement industry to use petcoke as a feedstock.

Sanjeev Jain of Ashika Stock Broking sums up the day’s market proceeding for you in this exclusive chat with ETMarkets.com.

Byte 1: Sanjeev Jain

Shares of Pidilite Industries witnessed the biggest spike in open interest at 39.63 per cent, followed by Hexaware and Shree Cements.

Sneha Seth of Angel Broking gives you a lowdown on the F&O market.

Byte 2: Sneha Seth

The Nifty50 slipped below its crucial level of 10,200 to close the session at 10,193 with 34 constituents ending in the red.

We have with us Mazhar Mohammad from 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 morning podcast on Thursday. Have a wonderful weekend ahead.

Original Article

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The post ETMarkets Evening Podcast: Markets extends fall; what’s your next move? appeared first on News Wire Now.

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