ETMarkets Evening Podcast: Market falls; what’s your next step?

Hi! You are listening to ETMarkets Evening Podcast.

This is Abhinav Kaul and here is a quick market wrap plus deep insights from the best of market minds.

The big question is whether 'ugly' inflation will force the RBI hand to pull the rate trigger this time around. That's what is giving investors a lot of anxiety.

Not sure, they cut down their portfolio significantly.

The RBIs monetary policy committee (MPC) is meeting for three days to take a call on the benchmark rate. The decision is due on Wednesday.

Rumour mills are working overtime. There's speculation that RBI may hike the key interest rate for the first time in about 4.5 years in the wake of rising inflation.

Benchmark Sensex tanked 215 points to close at 35,012 today. The opening was strong though. Massive selling in several heavyweights led to a rough landing.

The broader NSE Nifty ended at 10,628.50, down 67.70 points.

BSE Smallcap index took a severe beating, dropping more than 2 per cent.

HDFC Bank, ICICI Bank, Hindustan Unilever and HDFC proved to be the Achilles' heel for the Sensex.

BSE realty, power, telecom, capital goods and bank ran up heavy losses.

What's happening in fundamentals? Over to Rahul Shah of Motilal Oswal Financial Services.

Byte 1: Rahul Shah

Moving on to spurt in open interest. PC Jeweller topped the chart at 42.01 per cent. HDFC Bank (34.74 per cent) and JustDial (21.97 per cent) did well too.

Let's see what Vijay Singhania of Trade Smart Online has on the F&O status report.

Byte 2: Vijay Singhania

Thats all for now folks. Do check out for detailed market analysis and come back for our regular market podcast. Have a wonderful evening ahead.

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