Stock Market

ETMarkets Evening Podcast: Bulls tighten grip on D-Street; what next

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Hi there! You are listening to ETMarkets Evening Podcast.This is Abhinav Kaul and I will bring you today's wrap-up of stock trading and what seasoned analysts have to say.Stocks had a good day in office after Chinese President signalled opening up the world's second-largest economy more by lifting foreign ownership restrictions.

This boosted sentiment.Optimism that Q4 results will be on track gave the bulls more hope.The Nifty index closed at 10,402, a jump of 0.22 per cent.

As many as 26 stocks were in the green.

The Sensex pushed higher by 0.27 per cent to end at 33,880, with 17 stocks advancing.Axis Bank was in the hot seat, up over 5 per cent, after CEO Shikha Sharma approached the board asking it to reduce her fourth term up to December 2018 instead of the earlier May 2021.Metal stocks such as Hindalco, NMDC, Nalco and Vedanta rose after the US imposed sanctions on Russian giant Rusal, the world's largest aluminium producer.Let's listen in to what Hitesh Agrawal of Religare Securities has to say on fundamentals.Byte 1: Hitesh Agrawal Mahanagar Gas posted the biggest spike in open interest at 79.39 per cent.

Balrampur Chini Mills (35.35 per cent) and Axis Bank (22.73 per cent) were next on the list.

Chandan Taparia of Motilal Oswal dwells on technicals and the FO market.

Byte 2: Chandan Taparia 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.




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