Markets

ETMarkets Evening Podcast: Will bears take back control on Dalal Street now?

Hi friends! You are listening to ETMarkets Evening Podcast.

This is Abhinav Kaul and I will get you a wrap of today's session and analytics from top-notch market minds.

Market had a tumultuous ride today. The session looked anything but convincing.

The decline was sharp during the final hours of trade.

Investors had a bagful of worries: Sticky oil prices, hardening US bond yields and uncertainty about Karnataka elections.

A pricey oil, many fear may upset the fiscal math of the government while rising US yields could trigger capital flight from emerging markets, including India.

The BSE Sensex settled the day down 73 points at 35,246. The Nifty closed at 10,717, down 25 points.

IT, pharma and auto stocks in particular had a bad day, which pulled the benchmarks down.

The pack of Sensex losers included ITC, Tata Consultancy Services, Tata Motors and Sun Pharma.

We have G Chokkalingam of Equninomics Research and Advisory to shed light on fundamentals.

Byte 1: G Chokkalingam

Indian Bank racked up the biggest surge in open interest at 95.34 per cent. Federal Bank at 57.67 per cent stood second and Asian Paints third at 34.41 per cent.

Heres Sachidanand Uttekar of Tradebulls Securities with more on technicals.

Byte 2: Sachidanand Uttekar

Thats all for now folks. Do check out ETMarkets.com for detailed market analysis and come back for our regular market podcast on Friday morning. Have a wonderful evening ahead.

Original Article

[contf]
[contfnew]

ET Markets

[contfnewc]
[contfnewc]

Leave a Reply