ETMarkets Evening Podcast: What may guide your market next week – Economic Times

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Hi there! From, this is Nishant Kumar with Your Evening Briefing.


>> IT major Infosys on Friday reported a 5.3% year-on-year rise in profit at Rs 3,802 crore for the June quarter, beating Street estimates.
>> The Finance Ministry will look into the applicability of 20% tax proposed in the 2019-20 Budget on the current share buybacks by listed companies.
>> Government plans to raise Rs 3.25 lakh crore in the next five years by reducing its stakes in some large PSU firms to 40%.
>> The decision by Opec to extend output cuts will not change the outlook for a market, which is heavily oversupplied, the IEA has said.

Now, a quick look at what happened in the stock market.

BSE Sensex closed 86.88 points lower at 38,736.23. While NSE Nifty ended at 11,552.50, down 30.40 points.

In the 30-pack Sensex, 13 stocks ended in the green and 17 in the red with ONGC as the worst performer and Vedanta the best.

The BSE Midcap index advanced 0.41 per cent and the BSE Smallcap index ended 0.16 per cent higher outperforming the benchmark Sensex.

What are market fundamentals saying? Sameer Kalra of Target Investing takes us through that.

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Nifty today settled lower, forming a bearish candle on the daily chart.

On the options front, Maximum Put open interest was at 11,300 followed by 11,500 strike while maximum Call open interest was at 12,000 followed by 11,700 strike.

We Arun Kumar of Reliance Securities to talk about the technical as well as the derivatives side of the market.

That’s all for now, folks. Do check out for detailed market analysis and download the ETMarkets app on your phone for round-the-clock market coverage, investment tips and dozens of stock recommendations.

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