Dear friends! ETMarkets Evening Podcast is here for you.
This is Swati verma and I will get you the day's trading snapshot, with all the updates for tomorrow as well.
Headline indices gave a cool reception to the RBI's decision of keeping key benchmark rates, including the repo rate, on hold. They settled lower, but did not make the kind of noise as yesterday when they moved with wild gyrations.
The Nifty's 'Bearish Belt Hold' pattern on the daily chart would require the index to take out 10,550 level in the near term for a possible small pullback rally.
The BSE Sensex was down 113 points at 34,083 and the broader Nifty closed modestly lower, just short of 10,500.
Bond market left off some of its early worries after the Reserve Bank left the policy rate unchanged and maintained its stance at 'neutral'.
The benchmark bond yield dropped eight basis points to 7.52 per cent, pushing prices up in the afternoon trade.
India's volatility index fell, suggesting some stability in equity trading.
The Nifty heatmap was almost evenly poised, with 26 declines and 24 advances. In the Sensex pack, Bharti Airtel suffered the maximum jolt.
We have with us Vaishali Parekh, Senior Technical Analyst at Prabhudas Lilladher to talk about the technical aspect.
Byte 1: Vaishali Parekh
Shares of Voltas witnessed the biggest spike in open interest at 48.05 per cent, followed by V-Guard Industries (32.44 per cent) and Ramco Cements (30.29 per cent).
Rahul Shah of Motilal Oswal Financial Services throws light on fundamentals.
Byte 2: Rahul Shah
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.