ETMarkets Evening Podcast: Expert views on market’s record high

Hi there! You are listening to ETMarkets Evening Podcast

This is Swati Verma 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 trading session.

I don’t compete with anyone else, but myself!

The domestic equity market seems to be following this adage these days, breaking records one after another.
On Wednesday, the benchmark indices hit new milestone, getting past their record closing high levels they had touched just two weeks back.

Riding high on the Indian Meteorological Department’s (IMD’s) projection of a normal monsoon and 100 per cent rainfall this year instead of a 96 per cent rainfall projected earlier, the bulls swung back into action and lifted the indices to new peaks.

The S&P BSE Sensex surged over 300 points, while NSE Nifty surpassed the psychological level of 9,400.

Rahul Shah of Motilal Oswal Financial Services sums up the day’s market proceeding for you in this exclusive chat with ETMarkets.com.

Byte 1: Rahul Shah

Stock futures of Nestle India saw the biggest jump in open interest, followed by Escorts, Capital First, Mahanagar Gas and Berger Paints.

Vijay Singhania of Trade smart online gives you a lowdown on the F&O market.

Byte 2: Vijay Singhania

The index made a bull candle and breached a key resistance zone at 9,370-80 that, analysts say, has opened room for further upside in days to come.

We have with us Vaishali Parekh, Head - Technical Desk, Prabhudas Lilladher to give us some insights on Nifty behaviour on the charts.

Byte 3: Vaishali Parekh

That's all for now. Do come back for our pre-market podcast on Thursday morning. Have a great evening ahead.