Hi there! From ETMarkets.com, this is Nishant Kumar with Your Evening Briefing.
LET’S START WITH THE TOP HEADLINES AT THIS HOUR
>> Wholesale inflation declined for a second consecutive month to its 23-month low of 2.02% in June.
>> India’s slowing economic growth, water shortage and regulatory hurdles have taken business sentiment in June to the lowest level since 2016, a survey showed.
>> China's economic growth slowed to 6.2% in the second quarter of this year, the weakest growth rate in nearly three decades.
>> And , shares of DHFL plunged over 29% after the company flagged concerns that it may not be able to survive as a going concern.
Now, a quick look at what happened in the stock market.
Sensex closed 160 points higher at 38,896.71, while NSE Nifty ended at 11,588, up 36 points.
In the 30-pack Sensex, 13 stocks ended in the green and 17 in the red with IndusInd Bank being the worst performer and Infosys the best.
The BSE Midcap index declined 0.61 per cent and the BSE Smallcap index ended 0.63 per cent lower.
Saravana Kumar, CIO at Essel Mutual Fund is here to take us through market fundamentals.
Nifty50 on Monday formed a Hammer-like candle on the daily chart, suggesting that every selling got bought into.
On the options front, maximum Put open interest was at 11,300 followed by 11,500 levels while maximum Call open interest was at 12,000 followed by 11,800 levels.
Nirav Chheda of Nirmal Bang Securities will talk about the technical as well as the derivatives side of the market.
What’s the trading range for Nifty this week? Mr Chheda 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.