ETMarkets Evening Podcast: Market stages smart recovery; should you buy?

Dear friends! ETMarkets Evening Podcast is here for you.

This is Swati Verma and I will get you the day's trading capsule and bring you updates on what is likely to come up tomorrow.

It could have been yet another massive fall, but for a timely comeback by bulls towards the end. The benchmark indices covered up losses by more than half. A 'Death Cross' pattern for some stocks bodes ill for the equity market as a whole.


The usual culprits for the day's woes are huge losses on Wall Street, simmering inflation, hardening yields and premium stock valuations.

The Nifty settled 1.58 per cent down at 10,498. The Sensex closed the day lower by 561 points, or 1.61 per cent, at 34,196 on Tuesday.

India's volatility index, the fear barometer, jumped as much as 25 per cent, the biggest spike since the demonetisation move.

In the Nifty kitty, 45 stocks showed up in the red and 5 in the green. In the Sensex pack, Tata Motors tumbled the most.

The RBI is set to announce its policy decision tomorrow. It is widely expected to take a tough stand on inflation as prices are showing signs of heating up.

We have with us Hitesh Agrawal, EVP & Head - Retail Research, Religare Securities, to talk about fundamental outlook. Over to you, Mr Agrawal.

Byte 1: Hitesh Agrawal

In the derivative segment, Mindtree logged the biggest jump in open interest contracts at 14.55 per cent, followed by Grasim (12.28 per cent) and Ramco Cements (10.39 per cent).

Chandan Taparia of Motilal Oswal Securities touches on technical and F&O outlook.

Byte 2: Chandan Taparia

That's all for now. Do check out ETMarkets.com for detailed market analysis and come back for our regular morning podcast feed. Have a great evening ahead.