ETMarkets Evening Podcast: Bears tighten grip on D-Street; what next?

Hello there! You are listening to ETMarkets Evening Podcast.
This Abhinav Kaul and I will get you today's market highlights and cutting-edge analytics from some of the sharpest brains in the circuit.

Welcome to the world of oil at $80. Red flags are already going up. And stocks are finding it hard to digest.


The day saw Sensex shut shop at 35,149, down 239 points. Even the Nifty lost more than half a per cent at 10,683.

US yields at an elevated level did no good either.

ITC lost most on the Sensex map. Bharti Airtel, HDFC, Tata Steel and Axis Bank all fell like a stone.

Reliance Communications and other ADAG stocks had a dream run, zooming up to 57 per cent, on debt settlement news.

FMCG, telecom, bank, financial and auto stocks failed to fire today.

We have Sanjiv Bhasin of IIFL to talk about fundamentals.

Byte 1: Sanjiv Bhasin

Bajaj Finance posted the biggest increase in open interest at 39.32 per cent. TVS Motor Company at 23.22 per cent and Granules India at 22.38 per cent were next in order.

Let's listen in to Vaishali Parekh of Prabhudas Lilladher for a detailed take on technicals.

Byte 2: Vaishali Parekh

In the Nifty team, 36 lost their way, 13 ruled higher and one held steady.

Over to Anup Chandak of Sharekhan for his take on F&O market.

Byte 3: Anup Chandak

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