ETMarkets Evening Podcast: Market analysis by top Dalal Street experts

Hi there! You are listening to ETMarkets Evening Podcast

This is Abhinav Kaul 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 Wednesday.
The domestic equity market managed to keep its winning momentum going and hit fresh record high on Tuesday despite fag-end profit booking, which wiped off most of the early gains.

Global cues, including robust economic data from Germany and renewed interest in US technology stocks, seem to have lifted the market mood.

Bajaj Auto, Tata Motors and Infosys contributed most to the gains.

During the day, total market valuation of all listed companies on BSE touched a record high of Rs 130 lakh crore helped by strong gains in the broader market today.

Marking the beginning of the earnings season, IndusInd Bank on Tuesday reported nearly 27 per cent YoY rise in net profit at Rs 836.5 crore for the June quarter.

Hitesh Aggarwal of Religare Securities sums up the day's proceedings for you in this exclusive chat with ETMarkets.com

BYTE 1

The market saw significant Put writing at strike price 9,800 while fresh Call writing was seen from strike prices 9,800 to 10,000.

Stock futures of Hindustan Petroleum saw the biggest spurt in open interest. It was followed by NIIT Technologies, IndusInd Bank, Ajanta Pharma, Indraprastha Gas and Apollo Tyres.

BYTE 2

Anup Chandak of Sharekhan gives a lowdown on the F&O market.

The Nifty opened the day in the positive and made a new lifetime high of 9,830. In the process, it formed a shooting star candle on the daily chart, as it failed to hold most of the gains and corrected around 50 points from highest point of the day.

We have with us Chandan Taparia of Motilal Oswal to give us some insights on Nifty behaviour on the charts.

BYTE 3

That's all for now, folks. Do check out ETMarkets.com for detailed market analysis and for trading ideas… and come back for our pre-market podcast on Wednesday morning. Have a great evening ahead.