Nifty: Market Watch: How should investors position themselves amid market volatility? | The Economic Times Podcast

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

Paytm shareholders approve Rs 12,000 crore IPO
Campus Shoes to launch $300 mn IPO next year
Flipkart raises $3.6 bn in fresh funding at $37.6 bn valuation
Maruti hikes prices of Swift, CNG variants by up to Rs 15,000
Ola Electric signs $100 million deal with Bank of Baroda
PE investment in real estate jumps threefold to $2.7 bn

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

Domestic equity markets ended Monday’s session on a flat note as profit booking at higher levels erased all the morning gains. Fag-end selling in IT and metal counters offset the gains of banking and cement stocks. BSE Sensex slipped marginally to settle at 52,373. Nifty50 added just 3 points to end the day at 15,693. BSE Midcap and Smallcap index outperformed the broader markets, ending with decent gains. Fear gauge India VIX jumped marginally, just shy of the 13 level.

On BSE Sensex, Ultratech Cement led the gainers, surging 3 per cent. It was followed by lenders like ICICI Bank, SBI, Axis Bank, Kotak Mahindra Bank and Indusind Bank, which added a per cent each. On the flip side, Bharti Airtel, Tata Steel, HDFC Bank and Infosys fell a per cent each. HDFC, Bajaj Auto, TCS and Power Grid were also among other losers. Over 620 stocks hit upper circuit limits for the day and about 240 stocks tested their 52-week highs.

We have Narendra Solanki from Anand Rathi Financial Services with us to share his views on the day’s action and the road ahead:

Welcome to the show, sir:

1. What led to the sudden profit booking in the second half of today’s session?
2. How should investors position themselves in the current volatility?

We also caught up with Nirav Chheda of Nirmal Bang Securities to decode the technical charts for you.

1. Nifty50 was unable to hold above 15,700 mark. What do the technical charts suggest?
2. Nifty Bank was unable to lift the markets. Where is it headed?

Asian markets ended higher for the day. Major European markets were trading mixed in the first few hours of trade. US stock futures were hinting towards a negative start to US equities later in the day.

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