MarketBuzz

1216: Marketbuzz Podcast with Kanishka Sarkar: Here are key talking points


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Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important cues ahead of the trading session of March 19

-Sensex rebounded over 300 points at close yesterday while Nifty ended above the 22,100 level as buying in IT and capital goods shares helped broader markets recover from the previous day's sharp losses.

- The Nifty has managed to respect its 50-Day Moving Average at 21,909, which also indicates that 21,900 is the key level for the Nifty on the downside going forward. On the upside, the index continues to face resistance above 22,100 and Monday's high of 22,123, was at levels similar to that of Friday at 22,120.

-Global cues, meanwhile, seem mixed. Overnight in the US, all three major indexes rebounded as tech companies gained, while investors awaited monetary policy guidance from the Federal Reserve. The Dow Jones Industrial Average rose 0.2%, while the S&P 500 gained 0.63%. The Nasdaq Composite climbed 0.82%.

-Nvidia shares rose 0.7% on the first day of the company’s GTC Conference — where the chipmaker is expected to showcase its latest inroads in artificial intelligence. Shares of Alphabet
ended 4.6% higher after reports that Apple was in talks with Google to include the company’s Gemini AI in iPhones.

-The U.S. Federal Reserve is considered certain to keep rates at 5.25-5.5% when it ends its policy meeting tomorrow, and investors mostly expect the Fed to begin cutting rates by June or July.

-Asia-Pacific markets fell this morning ahead of central bank monetary policy decisions from the Bank of Japan and the Reserve Bank of Australia.

-All eyes are on the Bank of Japan amid expectations that the central bank could end its negative interest rate policy after 17 years. Japan’s Nikkei 225 opened 0.5% lower, still below the 40,000 level. The broader Topix traded near the flat line.

-Oil held a gain with continued Ukrainian drone attacks on Russian refineries and OPEC+ supply cuts in focus. Brent crude traded near $87 a barrel after a 1.8% rally on Monday to the highest close since late October.

-There will be a big block deal taking place in TCS, where Tata Sons will sell 0.64% stake worth over ₹9,000 crore.

-Stocks to track:TCS, Aditya Birla Sun Life AMC, Tata Steel, L&T Finance, Sonata Software, RPP Infra

- GIFT Nifty was trading with a discount of more than 70 points from Nifty Futures' Monday close. indicating a gap-down start for the Indian market

Tune in to the Marketbuzz Podcast for more cues
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