ETMarkets Evening Podcast: Are bulls on D-St running out of fuel?

Hi there! You are listening to ETMarkets Evening Podcast

This is Lakshay Narang 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 the next week.

Initial gains by the domestic equity market on the GST Council finalising rates for most goods were mostly offset by profit booking in the second half of trade on Friday.

As a result, the 30-share BSE Sensex closed 30 points up at 30,464, while NSE's Nifty index settled flat at 9,427.

Shares of State Bank of India advanced nearly 2 per cent after the lender more than doubled March quarter net profit to Rs 2,814 crore.

FMCG companies hogged limelight as GST tax rate was lowered on common use products such as hair oil, soaps and toothpaste.

Rakesh Tarway of Reliance Securities sums up the day's market proceeding for you in this exclusive chat with ETMarkets.com.

Stock futures of Cummins India saw the biggest jump in open interest. It was followed by Muthoot Finance, Ujjivan, Motherson Sumi and Sintex.

Vijay Singhania of Trade Smart Online gives you a lowdown on the F&O market.

Nifty index opened positive but failed to hold the 9,500 zone and during the day it witnessed a decline of around 100 points from highs. However, it recovered from lower levels and finally closed on a flat note on profit booking.

We have with us Ruchit Jain, Technical Analyst at Angel Broking to give us some insights on Nifty behaviour on the charts.

That's all for now folks. Do come back for our pre-market podcast on Monday morning. Have a great evening and a wonderful weekend ahead.