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Dear friends! It's great to have you at ETMarkets Evening Podcast.

I am Swati Verma who will take you through the day's trading, mixed with views, cues and insights from top market watchers.

The first day of March derivatives series was one in the green. Investors shrugged off US rate hike buzz after comments from a key US policymaker calmed nerves.

Market rallied, in line with global equities. The Nifty settled up 1.04 per cent at 10,491, higher by 0.37 per cent for the week. The BSE Sensex added 323 points, or 0.95 per cent, to finish at 34,142. Its weekly gain stood at 0.39 per cent.

The rally was driven mostly by pharma and financials. Tata Steel was the topmost mover on the BSE index, climbing 6.26 per cent, followed by Sun Pharma.

On the Nifty heatmap, 43 scrips rose and 7 lost.

We have with us Milan Sharma of Rivergate Capital Partners sharing his thoughts on fundamentals.

Byte 1: Milan Sharma, Rivergate Capital Partners

Mid-level IT company Mindtree logged the biggest jump in open interest at 62.26 per cent. Fortis Healthcare came in second at 62.14 per cent and Hexaware was third at 41.06 per cent.

Anup Chandak of Sharekhan has his take on F&O market.

Byte 2: Anup Chandak of Sharekhan

VIX, or the benchmark of volatility, declined again, suggesting return of stability.

Vaishali Parekh of Prabhudas Lilladher explains the technical signs.

Byte 3: Vaishali Parekh

That's all for now. Do check out ETMarkets.com for detailed market analysis and come back for our regular morning podcast feed. Have a great evening ahead.

Original Article

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