ETMarkets Evening Podcast: Money, Markets and everything else that matters to your wealth creation
Hi there! Good Evening. This is Kshitij Anand from ETMarkets.com taking you through the facts and figures from Friday's session on Dalal Street and bring you cues and trading tips from market veterans for tomorrow's trade.
It was a quiet day on D-Street. The Nifty50 struggled around its crucial resistance level of 8,800 for the second day in a row. It finally closed 15 points higher at 8,793.55.
The S&P BSE Sensex closed 4.5 points higher at Rs 28,334, led by gains in TCS, Infosys, HDFC Bank, L&T, and Adani Ports.
Infosys climbed 2.1 per cent on the BSE to Rs 968.05 as Vishal Sikka strongly denied any governance lapses by its board alleged by its founder NR Narayana Murthy.
State Bank of India surprised many analysts on D-Street after it reported over 70 per cent year-on-year jump in consolidated net profit for the quarter ended December 31, 2016, along with stable asset quality.
In the sectoral landscape capital goods, banks, and power stocks saw some gain while healthcare, oil & gas, FMCG, auto, and telecom stocks some profit booking decline.
Nifty Bank closed 0.3 per cent higher at 20,213 on Friday. The index is trading very close to its 52-week high of 20,578.80.
So, what moved the market today? We have Sumeet Bagadia, Associate Director in Choice Equity Broking Private Ltd, giving us a lowdown.
Byte 1 Sumeet Bagadia
On the derivatives front, maximum Call writing was seen in strike price 9,000, followed by 8,900, and 9,200. Maximum Put writing was seen in strike prices 8,700.
To give us a perspective on what the F&O market is signalling on where the market stands, we have with us Ravi Sharma, Head - Derivative Desk, Prabhudas Lilladher. Over to you, Mr. Sharma.
Byte 2 Ravi Sharma
On the technical front, Nifty50 signed off the week with a Doji Cross kind of formation on the weekly charts which point towards indecisiveness among the bulls as well as the bears.
A 'Doji' is formed when the index open and then closes the week approximately around the same level but remain volatile throughout the week which is indicated by its long shadow on either side. It appears like a cross or a plus sign.
Indecisive formations throughout the week are suggesting exhaustion of the momentum there by warranting a correction in the near term, but long term trend stays intact.
So does this technical setup signal a cautious undertone in the market? Kunal Saraogi, CEO at Equityrush.com, explains.
Byte 3 Kunal Saraogi
That's all for now. Do come back for our pre-market podcast Monday morning. Have a great weekend ahead!
It was a quiet day on D-Street. The Nifty50 struggled around its crucial resistance level of 8,800 for the second day in a row. It finally closed 15 points higher at 8,793.55.
The S&P BSE Sensex closed 4.5 points higher at Rs 28,334, led by gains in TCS, Infosys, HDFC Bank, L&T, and Adani Ports.
Infosys climbed 2.1 per cent on the BSE to Rs 968.05 as Vishal Sikka strongly denied any governance lapses by its board alleged by its founder NR Narayana Murthy.
State Bank of India surprised many analysts on D-Street after it reported over 70 per cent year-on-year jump in consolidated net profit for the quarter ended December 31, 2016, along with stable asset quality.
In the sectoral landscape capital goods, banks, and power stocks saw some gain while healthcare, oil & gas, FMCG, auto, and telecom stocks some profit booking decline.
Nifty Bank closed 0.3 per cent higher at 20,213 on Friday. The index is trading very close to its 52-week high of 20,578.80.
So, what moved the market today? We have Sumeet Bagadia, Associate Director in Choice Equity Broking Private Ltd, giving us a lowdown.
Byte 1 Sumeet Bagadia
On the derivatives front, maximum Call writing was seen in strike price 9,000, followed by 8,900, and 9,200. Maximum Put writing was seen in strike prices 8,700.
To give us a perspective on what the F&O market is signalling on where the market stands, we have with us Ravi Sharma, Head - Derivative Desk, Prabhudas Lilladher. Over to you, Mr. Sharma.
Byte 2 Ravi Sharma
On the technical front, Nifty50 signed off the week with a Doji Cross kind of formation on the weekly charts which point towards indecisiveness among the bulls as well as the bears.
A 'Doji' is formed when the index open and then closes the week approximately around the same level but remain volatile throughout the week which is indicated by its long shadow on either side. It appears like a cross or a plus sign.
Indecisive formations throughout the week are suggesting exhaustion of the momentum there by warranting a correction in the near term, but long term trend stays intact.
So does this technical setup signal a cautious undertone in the market? Kunal Saraogi, CEO at Equityrush.com, explains.
Byte 3 Kunal Saraogi
That's all for now. Do come back for our pre-market podcast Monday morning. Have a great weekend ahead!
