Hi there! From ETMarkets.com, this is Nishant Kumar with Your Evening Briefing.
LET’S START WITH THE TOP HEADLINES AT THIS HOUR
>>Sensex, Nifty extend rally to the fourth straight day
>>IndusInd Bank Q3 profit jumps 5% to Rs 985 crore, beats Street estimate
>>YES Bank finalises names of new MD & CEO, to seek RBI nod tomorrow
Now, a quick glance at what happened in the stock market today.
The Sensex finished the day with a gain of 232 points, or 0.64 per cent, at 36,213, with 19 stocks up and 12 down.
The Nifty ended at 10,855, up 53 points or 0.49 per cent. Among the 50 stocks of the index, 24 settled in the green and 26 in the red.
Gains in global stocks on hopes of a US-China trade deal kept the momentum upbeat.
G Chokkalingam, Founder of Equinomics Research and Advisory, is with us to throw light on market fundamentals.
The Nifty50 formed a High Wave candle on the weekly chart, suggesting that the intraday decline got bought into.
Vaishali Parekh of Prabhudas Lilladher will decode the technicals for us.
On the options front, maximum Put open interest was at 10,500 followed by 10,000 levels while maximum Call OI was at 11,000 followed by 11,200.
Ram Chotwani of GEPL Capital will explain the day’s F&O picture.
Market has extended the rally, but what lies ahead, Vaishali?