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ETMarkets Evening Podcast (ETMarkets.com)
Will the bears take back control now?
05:28 Min | May 15, 2019, 7:48 PM IST
Tune in: Financial market updates you need to have before the day ends
TranscriptHi there! From ETMarkets.com, this is Abhinav Kaul with Your Evening Briefing.
LET’S START WITH THE TOP HEADLINES AT THIS HOUR
>> NSE has fined 250 companies for non-compliance with listing regulations
>> Tata Chemicals' consumer business to merge with Tata Global Beverages
>> SoftBank has led an investment round of more than $200 million in online grocery startup Grofers India
>> Monsoon is likely to be delayed as its arrival expected on June 6, five days after its normal onset date, IMD has said
>> India’s April trade deficit came in at $15.33 billion against $10.89 billion in March
Now, a quick look at what happened in the Indian stock market.
Benchmark equity indices resumed its downward trend on Wednesday after a brief respite on Tuesday.
Sensex closed 204 points down at 37,114.88, while NSE Nifty settled 65 points lower at 11,157.
BSE Midcap and Smallcap index also lost 0.67 per cent and 0.45 per cent, respectively.
Except the FMCG, Realty and IT sectors on the BSE, other sectoral indices ended the day in red.
Siddharth Sedani of Anand Rathi Shares and Stock Brokers is here to take us through market fundamentals.
Nifty today could barely hold above the 11,150 level, as selling pressure emerged at higher levels.
On the options front maximum Put open interest was at 11,000 followed by 11,500 strike while maximum Call open interest stood at 12,000 followed by 12,500 strike.
We have Milan Vaishnav of Gemstone Equity Research and Advisory to decode the charts and the derivatives segment.
What’s the outlook for tomorrow’s session? Milan will answer that.
That’s all for now, folks. Do check out ETMarkets.com for detailed market analysis and download the ETMarkets app on your phone for round-the-clock market coverage, investment tips and dozens of stock recommendations. Have a pleasant evening.
Jul 16, 2019, 06.24 PM ISTLISTEN05:28
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