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.
Worries of global trade queered the pitch for the market further after news reports that a key Donald Trump trade advisor resigned. It was the sixth straight decline for the stocks.
Oil explorer Reliance IndustriesBSE -2.12 % and lenders such as ICICI Bank and SBI weighed heavy.
Adani Ports was the hardest hit in the Sensex’s decline of 284 points, or 0.85 per cent, at 33,033, which hit a fresh three-month low. The Nifty50 index settled down 95 points, or 0.93 per cent, at 10,154. On the Nifty map, there were 36 decliners, and 14 went up.
Chirag Singhvi of KIFS Trade Capital explains the fundamentals. Byte 1: Chirag Singhvi
Adani EnterprisesBSE -7.24 % led the pack of those with a jump in open interest at 34.05 per cent. Amara Raja Batteries (19.73 per cent) and Torrent Pharma (17.77 per cent) lined up next.
Mazhar Mohammad from Chartview India elaborates on technicals. Byte 2: Mazhar Mohammad
BSE Midcap and Smallcap indices fared worse than the benchmark Sensex. Vijay Singhania of Trade Smart Online gives a lowdown on F&O mart. Byte 3: Vijay Singhania
That’s all for now folks. Do check out ETMarkets.com for detailed market analysis and come back for our regular market podcast on Thursday morning. Have a wonderful evening ahead.
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