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Let us take a quick glance at what happened on the Dalal Street today.
Benchmark indices on Friday caught up with the global rally, and climbed over 1 per cent, after two days of consecutive fall. The BSE Sensex reclaimed the 49,000 mark, gaining 568 points while Nifty50 topped 14,900, rising 1.3 per cent. The gains were led by FMCG and banking stocks. Fear gauge India VIX plunged 9 per cent.
Among Sensex stocks, Bajaj Finserv, Titan Company and Asian Paints climbed 4 per cent each. Hindustan Unilever, Bajaj Auto and Bharti Airtel advanced 3-4 per cent. HDFC, Nestle India, Tech Mahindra and L&T rose 2 per cent each. Kalyan Jewellers fell 13.4 per cent on debut, Suryoday SFB fell 9 per cent.
We have Paras Bothra of Ashika Stock Broking with us to share his views on the market.
Welcome to the show sir.
1) Which pockets do you think would be the first to recover after the recent fall?
2) What has led to weak IPO listings of late? Any advice to retail investors?
We also caught up with Nilesh Jain of Centrum Broking to decode the charts for you.
1) Nifty closed above 14,500 today. What are charts suggesting?
2) Nifty Bank still lagged today. Where is the index headed?
Asian markets settled up to 2 per cent higher; European markets were trading higher in the first few hours of trade. US stock futures were hinting at a flat-to-positive start to US equities later in the day.
That’s all for now. Do check out ETMarkets.com for all the news, market analysis, investment strategies and dozens of stock recommendations. Enjoy your evening. Bye Bye!