Hi there! You are listening to ETMarkets Evening Podcast
This is Abhinav and I will take you through the motions of today’s session on Dalal Street and bring you cues and trading tips from market veterans for Friday.
The Sensex ended at 32,182.22, up 348.23 points. The Nifty50 settled 111.60 points higher at 10,096.40.
As many as 40 stocks from the NSE benchmark closed in the red with stocks such as Hindalco, Bharti Infratel, Reliance Industries and Sun Pharma ending up as top gainers.
Bharti Airtel, UltraTech Cement and IOC emerged as top gainers for the day.
Market watchers said good demand for consumer stocks amid festive season and a buildup of momentum on pharma amid select regulatory approvals fuelled the sentiment.
Sentiment was also boosted by IndusInd Bank, which reported a 25 per cent YoY surge in net profit at Rs 880.10 crore for the September quarter.
G Chokkalingam of Equinomics Research & Advisory explains how markets are likely to behave in coming sessions in this exclusive chat with ETMarkets.com.
Byte 1: G Chokkalingam
On the technical front, Nifty50 made a solid bull candle and shrugged off Bearish Engulfing formation made on Wednesday.
We have with us Sacchitanand Uttekar of Tradebulls to give us some insights on Nifty technical
Byte 2: Sacchi
On the open interest front, maximum Put shifted from 9,800 to 10,000 strikes followed by 10,100 strike, while maximum Call open interest was intact at 10,100 strikes, followed by 10,000 strike.
We have with us Anup Chandak of Sharekhan to give us some insights on Nifty50 behavior on the charts.
Byte 3: Anup Chandak
That’s it for now folks. Do check out ETMarkets.com for detailed market analysis and for trading ideas and come back for our pre-market podcast Friday morning. Have a great evening ahead.