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ETMarkets Evening Podcast (ETMarkets.com)

Can Dalal Street extend this rally?

08:56 Min | November 27, 2019, 7:10 PM IST
Tune in: Nifty topped the 12,100 mark for the first time ever today.
Transcript
Hi there! From ETMarkets.com, this is Abhinav Kaul with Your Evening Briefing.

LET’S START WITH THE TOP HEADLINES AT THIS HOUR

>> Sitharaman says growth may slow down, but there won't be any recession
>> Sensex closes above 41,000 for first time, Nifty hits record high
>> Ujjivan Small Finance Bank’s IPO to open on Monday
>> Sebi chief says Karvy indulged in activities which were never allowed
>> Govt may exclude $7 billion of Air India debt to lure buyers
>> SBI files papers with Sebi for IPO of its card unit

Now, a quick glance at what happened in the stock market.

Sensex closed 199 points higher at 41,021, while Nifty rose 63 points to 12,101.

Market breadth was neutral as gainers and losers were nearly equal.

As many as 24 out of 30 Sensex stocks closed higher.

YES Bank, was the top gainer among Sensex stocks, as the private lender rallied 7.65 per cent, after it said the company's board will meet on Friday to consider fund raising through the equity route.

ETMarkets.com caught up with AK Prabhakar, Head of Research at IDBI Capital Markets to get the lowdown on market fundamentals

JSPL, Tata Steel, JSW Steel rallied up to 12 per cent in the past 5 days. What is your take on metal counters?

Are you bullish on PSU counters?

Nifty topped the 12,100 mark for the first time ever today.

Analysts said the index is likely to see more upside in the coming sessions, but the resistance at 12,133 needs to be taken out first, they said.

We have with us Mazhar Mohammad of Charview India to talk about market technicals and derivatives.

How is the market looking on the charts after today's trade?

How do you see market performing on Thursday.

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.

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