ETMarkets Evening Podcast: Bulls in driver’s seat, what’s next?

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Hi there! You are listening to ETMarkets Evening Podcast.

This is Abhinav Kaul, with today’s trading update and detailed analysis from top-notch market watchers.

Sensex’s good luck continued for the ninth straight day, its longest winning streak since September 2014. For the Nifty, it turned out to be an uninterrupted run since January 2015.

This time, it’s IMD projection of normal monsoon that saw the stocks pull through. The Sensex rose 0.26 per cent to close at 34,395 while the NSE Nifty shut shop at 10,549, up 0.19 per cent.

Power Grid jumped 3 per cent and was the leader of the Sensex pack. Axis Bank lost the most, down 2 per cent, fighting off corporate governance blues.

Infosys fell further on unimpressive margin guidance for FY19 and closed the day 0.69 per cent lower on the BSE.

Buying in power, realty, FMCG and consumer goods contributed to the upmove.

Let’s listen in to what Milan Sharma of Rivergate Capital Partners has to say on fundamentals.

Byte 1: Milan Sharma

DCB Bank registered the biggest spike in open interest at 64.80 per cent. Power Grid (28.51 per cent) and Apollo Tyres (15.62 per cent) came in second and third, respectively.

Chandan Taparia of Motilal Oswal Securities will tell us more on technicals and F&O market.

Byte 2: Chandan Taparia

That’s all for now folks. Do check out ETMarkets.com for detailed market analysis and come back for our regular market podcast. Have a wonderful evening ahead.

Source: Economic Times