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ETMarkets Evening Podcast (ETMarkets.com)

Is this stock rally here to stay?

07:02 Min | April 15, 2019, 7:03 PM IST
Tune in: What changed your financial fortunes all through the day
Transcript
Hi there! From ETMarkets.com, this is Nishant Kumar with Your Evening Briefing.

LET’S START WITH THE TOP HEADLINES AT THIS HOUR

>> Markets ended higher for third straight session, as encouraging start of the earnings season by IT major TCS boosted investors' sentiment.

>> Monsoon is likely to be “near normal” this year, according to the India Meteorological Department.

>> Gold prices eases to 1-week low as trade optimism lifts risk sentiment

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

Sensex ended 138.73 points higher at 38905.84 with 19 constituents advancing and 12 declining.

Nifty settled higher around 47 points at 11,690.

The BSE Midcap and Smallcap index rose 0.49 per cent and 0.62 per cent, respectively.

Sector-wise, FMCG emerged as top gainer with a rally of 2.24 per cent. The Realty index gained 1.57 per cent. Auto, telecom and IT also rallied over 0.50 per cent, however, oil and gas index ended the day in red.

Gold prices inched down in the international market to a more than one-week low as progress in US-China trade talks lifted risk sentiment, taking sheen off safe-haven bullion even as the US dollar weakened.

Viral Berawala, CIO, Essel Mutual Fund is here to take us through market fundamentals.

Nifty50 formed a bullish candle on the daily chart and also forming higher highs - higher lows formation from past two trading sessions.

On the option front, maximum Put OI is at 11500 followed by 11000 strike while maximum Call OI is at 12000 followed by 11800 strike.

We have Chandan Taparia of Motilal Oswal Financial Services to decode the technical as well as derivatives side of the market

Chandan Taparia Byte

What’s the outlook for the market? Chandan will answer that.

Chandan Taparia Byte

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.

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