INSUBCONTINENT EXCLUSIVE:
who matter.
There was no looking back for the bulls today
They made a steady climb, looking forward to more positives from the Trump-Kim summit.
The path-breaking summit is a proof that both the US
and North Korean leaders are willing to walk that extra mile, with ramifications for the rest.
After the talks, the US President said the
process of denuclearisation on the Korean peninsula will start "very soon".
Global market saw promise, and so did Indian stocks
The Sensex sprinted and hit a high of 35,743
The close came at 35,693 -- an over 4-month high -- up 209 points.
As for the Nifty, the jump was 56 points at 10,843, but not before
scaling 10,857.
The upside could have been more, but traders were cautious as they kept track of IIP and CPI inflation print.
In fact, there
was a jump in May inflation at 4.87 per cent, as feared by analysts.
April industrial output grew by 4.9 per cent
The official numbers were out after market hours.
Dr Reddy's tank was full as it surged over 5 per cent
The stock was the winner of the 30-share Sensex pack.
SBI, IndusInd Bank, Hindustan Unilever, Hero MotoCorp and TCS ran up too.
The counters
that buzzed were FMCG, pharma, IT, auto and financials.
Options data suggest supports are gradually shifting higher and the immediate
trading range for next few sessions is likely to be between 10,750 and 10,950.
Let's talk about fundamentals
We have with us Hitesh Agrawal of Religare Securities
Hitesh, your thoughts
Byte 1: Hitesh Agrawal
In this market, what can you buy Pratik Raja of KIFS Trade Capital has more
Hello Pratik, any checklist
Byte 2: Pratik Raja
What are the signals from the FO segment Nirav Chheda of Nirmal Bang Securities can tell us
Do check out ETMarkets.com for detailed market analysis and come back for our regular market podcast on Wednesday morning
Have a wonderful evening ahead.
