Market Watch: How to invest in a volatile market

Nifty50: Market Watch: How to invest in a volatile market | The Economic Times Podcast

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Transcript

Welcome to ETMarkets Watch, the show about stocks, market trends and money-making ideas. I am Nandini Sanyal and here are the top headlines at this hour.

Nifty ends above 17,550, Sensex gains 514 pts to regain 59000
Adani takes on Ambani, to invest $20 billion in renewable energy; make foray into hydrogen
Nomura India Business Resumption Index plateaus in September
Tata Motors to hike commercial vehicle prices
India Inc to revert to pre-pandemic pay hikes
And
Hospitals to reduce vaccine orders on poor uptake of paid shots

Let us take a quick glance at what happened on Dalal Street today.

Bulls were back on Dalal street on Tuesday afternoon, thanks to fag end buying in beaten down sectors. Benchmark indices settled higher, snapping the two-day losing streak. Positive global sentiments boosted the morale ahead of the FOMC meet, which kicks off later in the day. Metals, realty and IT stocks were in demand, whereas select auto players saw selling. BSE Sensex, which gyrated in the range of 850 points, jumped more than 500 points to settle 5 points above 59,000. Nifty50 added 165 points to end the day at 17,562. Broader markets underperformed but BSE midcap and smallcap indices settled in green. Fear gauge India VIX tanked 6 per cent, slipping below the 17 mark.

On BSE Sensex, Bajaj Finance jumped 5 per cent and IndusInd Bank soared 4 per cent, the most among the gainers. ITC, Bajaj Finserv and Tata Steel gained over 3 per cent each. HCL Tech, Tech Mahindra, Infosys and Dr Reddy’s added up to 2 per cent each. On the other hand, Maruti tanked 3 per cent. It was followed by Bajaj Auto, Nestle and HDFC Bank which shed up to a per cent each. Power Grid and Axis Bank were the only other scrips to settle in red. Over 320 stocks hit upper circuit limits for the day, whereas more than 205 stocks hit the lower circuit. About 60 stocks tested their 52-week highs during the session.

We have Ajit Mishra from Religare Broking to share his views on the day’s action and the road ahead:
Welcome to the show sir:
1. Equity investors were on their toes due to high volatility. What should they do?
2. Metal stocks made some recovery on Tuesday. Do you see more recovery ahead?

We also caught up with Rohit Singre of LKP Securities to decode the technical charts for you.
1. Nifty 50 scaled 17,550 today. What do the charts suggest about it?
2. Nifty Bank underperformed during the session. Where is it headed?

Asian markets settled mostly higher for the day. Major European markets were trading with gains in the first few hours of trade. US stock futures were up hinting towards a positive start to US equities later in the day.

That’s all for now. Do check out ETMarkets.com for all the news, market analysis, investment strategies and dozens of stock recommendations. Enjoy your evening. Bye Bye!