ETMarkets Evening Podcast: Market rises; whats you next step?
Hi there! You are listening to ETMarkets Evening Podcast.
This is Abhinav Kaul, with today's stock trading digest and what seasoned analysts have to offer.
It was Day 6 when stocks had a positive close, this time driven by IT stocks. Growing optimism about an earnings pick-up fed the bulls. Infosys is going to kickstart the January-March results season tomorrow.
The US threat to carry out its Syria strike injected a sense of fear in participants, which capped gains.
All eyes are on March retail inflation data slated for release after market hours on Thursday.
Software vendors were in the spotlight. In the Sensex group, TCS and Infosys surged up to 4.04 per cent. BSE IT index beat the rest hands down, up 3.18 per cent.
Let's listen in to what Sanjiv Bhasin of IIFL has to say on fundamentals.
Byte 1: Sanjiv Bhasin
TCS registered the biggest spike in open interest at 22.88 per cent, followed by Dish TV (22.16 per cent) and CEAT (19.08 per cent).
Anup Chandak of Sharekhan will have his take on F&O market.
Byte 2: Anup Chandak
India VIX, a key gauge of volatility, fell 1.34 per cent, suggesting some stability.
Over to Nirav Chheda of Nirmal Bang Securities for technicals.
Byte 3: Nirav Chheda
Thats 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.