ETMarkets Evening Podcast: What may sway your market next week

Hi friends! You are listening to ETMarkets Evening Podcast.

This is Abhinav Kaul, who will take you through today's trading and bring insights from seasoned market analysts.

The bulls were pinning their hopes on the much-hyped US-China trade talks.


But it turned out to be a dampener of sorts.

Both sides only agreed to keep talking, and there was little else to show.

Even March quarterly earnings failed to provide the spark.

The close for the Nifty came at 10,618, a loss of 61 points. The Sensex came down by 188 points to 34,915.

The readings also marked a negative weekly close for the market.

For the week, the Nifty slipped 0.69 per cent and Sensex 0.15 per cent.

Karnataka election kicking off next week remains a big unknown, adding to the suspense level.

From the Sensex universe, Sun Pharma plunged 3 per cent, the highest.

Selling picked up in pharma, metal, FMCG and auto counters, which kept traders on a tight leash.

Vijay Singhania of Trade Smart Online shares his thoughts on how markets are likely to behave in coming weeks.

Byte 1: Vijay Singhania

In open interest play, Hexaware posted the biggest jump at 109.82 per cent. NIIT Tech at 70.22 per cent came in second and ICICI Pru Life at 31.83 per cent was next in line.

Mazhar Mohammad of Chartview India gets you more on technicals.

Byte 2: Mazhar Mohammad

That's all for now folks. Do check out ETMarkets.com for detailed market analysis and come back for our special weekend podcast on Saturday and regular morning podcast on Monday. Have a wonderful weekend ahead.