INSUBCONTINENT EXCLUSIVE:
Authors: JordanHi friends! You are listening to ETMarkets Evening Podcast.
This is Abhinav Kaul, getting you today's trading wrap, plus
insights from seasoned market analysts.
Stocks had a tough time on Thursday trying to navigate the fog around the scheduled trade meeting
between the US and China.
But ultimately, they found themselves shackled.
Even quarterly numbers by some bluechips poured cold water on
sentiment.
Both stock barometers did not have much to show
The Sensex shut shop at 35,103, down 73 points, whereas the Nifty edged down 38 points to 10,680.
PC Jeweller fought off more negative news
It rallied 32 per cent from the day's low and closed the day 10 per cent up
The jump came after the company termed reports of arrest of MD and CEO Balram Garg by the CBI as "factually incorrect"
Poor results came back to haunt InterGlobe Aviation -- the owner of IndiGo -- and HCL Technologies, both of whom slumped up to 11 per
cent.
In sectoral play, it turned out to be a bad day in office for realty, IT, FMCG and capital goods
Over to Milan Sharma of Rivergate Capital Partners for fundamentals.
Byte 1: Milan Sharma
HCC saw the biggest spike in open interest at
Just Dial at 52.54 per cent came second and IndiGo at 44.21 per cent was third.
Milan Vaishnav of Gemstone Equity Research and Advisory has
Byte 2: Milan Vaishnav
In the Nifty bloc, 33 scrips went down and 17 trended up.
Over to Nirav Chheda of Nirmal Bang Securities for
insights on FO and technicals
Byte 3: 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 on Friday morning
Have a wonderful evening ahead.
