Closing market podcast for April 12, 2018

Ahead of Friday the 13th tomorrow, benchmark indices have ended the day on a positive note. The development is interesting in particular as it marks the sixth consecutive day of positive moves on the indices.

The 30-share index ended over 160 points higher at 34,100, while the Nifty ended above the 10,450-mark as well, up almost half a percent.

The Street will later watch out from cues from key economic data, which are index of industrial production (IIP) as well as consumer price inflation (CPI).

In the broader markets though, midcaps lost some sheen during the day. The index has managed to close on a negative note of 0.3 percent.

Among sectoral indices, Bank Nifty managed to shut in the green terrain, but some bleeding was visible among PSU banks. Metal and FMCG stocks too saw a fall.

Oil marketing companies were in focus, recovering from the day’s low points after commentary from the oil minister stated that there was no order given to these firms to hold back further hikes.