Hello! From ETMarkets.com, this is Swati Verma with Your Evening Briefing. As always, it's pleasure to have you with us.
Benchmark equity indices saw a turnaround in fortunes today. Energy, bank, auto, pharma and metal counters buzzed.
Rupee's strength against the dollar and softer crude prices buoyed mood. Earnings optimism stood the stocks in good stead.
Interest also built up ahead of US Federal Reserve Chairman Jerome Powell's first congressional testimony for hints on the pace of interest rate hikes.
Oil cool-off pushed up OMCs such as HPCL (up 6.31 per cent), IOC, BPCL. Crude prices have declined about 10 per cent in a week.
Let's bring in Pratik Raja of KIFS Trade Capital to talk on fundamentals. Pratik, how are things looking on the circuit?
Byte 1: Pratik Raja
Significant Put writing was seen at all strike prices from 10,800 to 11,000 while Call unwinding was seen at strike price 11,000.
Chandan Taparia of Motilal Oswal Financial Services will get us a ringside view on F&O and technicals. How do they stack up, Chandan?
Byte 2: Chandan Taparia
The Nifty on Tuesday settled above 11,000 level and formed small bullish candle on the daily chart.
How is the market going to shape up? Chandan has more. Please go ahead, Chandan.
Byte 3: Chandan Taparia
Thats all for now, folks. Do check out ETMarkets.com for detailed market analysis and come back for our regular market podcast. Have a wonderful evening.
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ET Markets
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