INSUBCONTINENT EXCLUSIVE:
Hi friends! You are listening to ETMarkets Evening Podcast.
This is Abhinav Kaul and I will get you today's market wrap along with
cutting-edge analytics from some of the sharpest brains.
No prizes for guessing why the market today behaved the way it behaved.
The usual
suspects were: Falling rupee, the 'ugly' inflation and spiralling US bond yields.
As if these were not enough, the Karnataka thriller is
playing out in full force as the BJP fell short of the crease.
Earnings from bluechips such as ITC and Hindalco turned out to be mixed and
investors seemed unimpressed
The bottomline is fear is in the air and the market hates uncertainty
The market did manage to cover up, but in the end it was just not enough.
The BSE Sensex fell 156 points, or 0.44 per cent, to settle at
The Nifty's final reading was 10,741, down half a per cent.
ICICI Bank, RIL, SBI and Hero MotoCorp took sharp blows
Looks like there is no end to pain for public lender Punjab National Bank
The stock tanked over 12 per cent as it reported a massive loss for the March quarter.
We have G Chokkalingam of Equinomics Research and
Advisory to talk about fundamentals.
Byte 1: G Chokkalingam
TVS Motor Company took the top slot with the biggest increase in open interest
PNB (37.67 per cent) came second and Muthoot Finance (29.70 per cent) third.
Let's listen in to Mazhar Mohammad of Chartview India for a
detailed take on technicals
Byte 2: Mazhar Mohammad
In the Nifty bloc, 33 lost the game, but 17 held up.
Over to Vijay Singhania of Trade Smart Online for his take on
FO market.
Byte 3: Vijay Singhania
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.
