Market Watch: How difficult would it be for Nifty to breach 14,500? | The Economic Times Podcast


Welcome to ETMarkets Watch, the present about shares, market tendencies and money-making concepts. I’m Nikhil Agarwal and listed here are the highest headlines at this hour.

S&P forecasts 11% development for India this fiscal
Pfizer in vaccine provide talks with India
SC desires nationwide plan on Covid-19 state of affairs
Petrol, diesel costs unchanged for every week
India eases guidelines to encourage ministries to spend to support financial system

Let us take a fast look at what occurred on the Dalal Street at present.

Thursday’s rise in benchmark indices got here in regardless of a weak backdrop of a report Rs 3 lakh every day Covid instances and stricter restrictions in Maharashtra. What lifted sentiment, it appears, was hopes that the lockdown would solely be imposed as a final resort within the struggle in opposition to Covid.

A brief covering-fuelled rally in banks additionally pushed indices greater on the day of weekly choices expiry.

Sensex reclaimed the 48,000 mark, whereas Nifty ended above 14,400 stage. The two indices rose 0.8 per cent every for the day. ICICI Bank superior 4 per cent, HDFC added 3 per cent whereas Bajaj Auto rose 2 per cent. Lenders HDFC Bank, SBI and ICICI Bank additionally added 2 per cent every. FMCG shares remained out of favour. Titan, HUL, Asian Paints and Nestle India remained the worst index performers falling up to 3 per cent.

We have with us Gaurav Garg, Head of Research at CapitalVia Global Research, to share his views available on the market.
Welcome to the present sir.
1) What led to rise available in the market on Thursday?
2) Bank shares noticed some momentum at present. What are your broader This autumn expectations from financial institution earnings?

We additionally caught up with Rohit Singre of LKP Securities to decode the technical charts for you.
Welcome to the present Mr Singre

1) How difficult would it be for Nifty50 to get previous 14,500?
2) Nifty Bank is exhibiting some energy. What are the charts suggesting?

Asian markets ended combined for the day; European markets have been buying and selling largely greater within the first few hours of commerce. US inventory futures have been hinting at a flat begin to US equities later within the day.

That’s all for now. Do take a look at ETMarkets.com for all of the information, market evaluation, funding methods and dozens of inventory suggestions. Enjoy your night. Bye Bye!



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