ETMarkets Evening Podcast: What may sway your market next week

Hi friends! You are listening to ETMarkets Evening Podcast.

This is Swati Verma, getting you today's trading wrap, plus insights from seasoned market analysts.

Stocks ran into turbulence today. But benchmark indices came out of it, in one piece, finally.


The 50-share Nifty settled up 75 points, or 0.70 per cent, at 10,692. The BSE Sensex notched up 256 points, or 0.74 per cent, at 34,970.

Even the week marked a positive close as the Nifty added 1.21 per cent and the Sensex 1.61 per cent.

Buying in bank, pharma, financial and oil & gas shares livened it up.

Axis Bank dominated, up 9 per cent, which topped the pack of gainers. The rally came as an unprecedented recognition of bad loans prompted investors to overlook the Indian lender’s first-ever loss.

Over to Rahul Shah of Motilal Oswal on fundamentals.

Byte 1: Rahul Shah

PC Jeweller witnessed the biggest spike in open interest at 56.82 per cent. The corresponding Axis Bank figure read 54 per cent and that of Maruti Suzuki India 44.47 per cent.

Nirav Chheda of Nirmal Bang Securities tells us more on technicals and F&O.

Byte 2: Nirav Chheda

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