MarketBuzz

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of November 22

-The Indian equity market reversed Tuesday’s gains on Thursday, with the Nifty ending at a five-month low. The tone was negative from the beginning, however, buying in select heavyweights from the IT and banking sectors helped limit the decline as the day progressed. Consequently, the Nifty index traded within a range for most of the session, settling at the 23,349 level. On the sectoral front, realty and IT performed well, while energy, metals, and FMCG sectors closed in the red.

-Adani Group stocks slid as a US court indicted Gautam Adani and other group executives on charges of bribery related to certain solar projects. At their lowest point, the Adani Group's cumulative market capitalisation had declined by ₹2.6 lakh crore. Shares of Adani Group companies fell between 7% and 23% today.

-The foreign portfolio investors have been relentlessly selling Indian equities with nearly ₹35,000 crore outflow in November month till date, which has been among the key reasons behind the recent market downtrend.

-Meanwhile, for the day, the Gift Nifty remains volatile too. It was trading at a premium of more than 100 pts from Nifty Futures Thursday close earlier in the day. However, at the time of recording the podcast it slipped to the red and was 30 points down, indicating a lower opening for the equity market.

-Stocks to watch: SJVN, Afcons Infrastructure, LIC

-Asian equities rose this morning following gains on Wall Street as investors shook off initial concerns over Nvidia Corp.’s revenue outlook. The dollar gained. Shares in Australia, Japan and Hong Kong rose while those in China fluctuated after an index of US-listed Chinese stocks fell 1% Thursday.

-Bitcoin set a fresh high, climbing past $98,000 on bets President-elect Donald Trump’s support for crypto and a looser regulatory environment will usher in a boom for the industry.

-Meanwhile, geopolitical tensions continued to simmer as Russia said it had launched a new kind of ballistic missile into Ukraine, boosting oil and gold prices. West Texas Intermediate gained for a second day. Gold rose for a fifth straight session.

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of November 21

-While yesterday was a stock market holiday on account of voting in Maharashtra, the Nifty50 finally broke its seven-day losing streak—the longest in over 20 months — on Tuesday. Despite a strong opening and a positive first half, a sharp sell-off in the latter half wiped out the day’s earlier gains, reportedly triggered by news of Ukraine's strike inside Russia.

-Today's trading session will also see whether the Nifty 50 bulls are able to defend the 23,500 mark on the downside, particularly on the Nifty expiry day.

-Meanwhile, Deepak Jasani of HDFC Securities expects Nifty to form a higher low before embarking on a sustainable bounce. 23350-23815 could be the band for the Nifty over the near term, he says. Religare Broking's Ajit Mishra said the Nifty's movement reflects that bears are firmly in control, using every rebound as an opportunity to short.

-This morning the GIFT Nifty was higher, trading at a premium of nearly 90 pts from Nifty futures Tuesday close, indicating a gap-up start for the Indian market.

-Stock to track: UPL, Dr Reddy’s, Tata Power, Garden Reach Shipbuilders & Engineers, Aditya Birla Capital, JSW Steel, Aegis Logistics, Adani Infra

-Asian equities declined in early trading, reflecting a muted mood on Wall Street that was amplified by Nvidia Corp.’s lackluster revenue forecast. Shares in Japan and South Korea fell alongside Hong Kong equity futures. Contracts for US benchmarks declined Thursday in Asian trading after falling on Nvidia earnings. The chip giant met third-quarter revenue and earnings expectations, but failed to meet the highest estimates for future revenue. Shares in Australia were slightly higher.

-The tepid response to Nvidia’s earnings may ripple across global markets, given the size of the world’s largest company by market value and its role in the artificial intelligence boom. Shares of South Korea’s SK Hynix, which is a supplier of Nvidia, rose as much as 0.9% in Seoul.

-Meanwhile, investors in Asia will also be looking to gauge the effect of a US indictment of Gautam Adani and other executives over the alleged payment of more than $250 million in bribes.

-On the other hand, Bitcoin set another all-time high, supported by a series of developments highlighting the deepening embrace of the digital-asset industry in the US under crypto cheerleader Trump. The world’s largest cryptocurrency is fast approaching $100,000, helped along by MicroStrategy Inc.’s massive purchases.

-Gold was up early Thursday, notching its fourth daily advance. Oil prices also climbed after retreating Wednesday.

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of November 19

-The Nifty index recorded its seventh consecutive day of losses on November 18, marking its longest losing streak since February 2023. The index closed 0.34% lower to settle at 23,453, slipping below its 200-day moving average.

-The Nifty IT index fell sharply by 2.3%, as comments from Federal Reserve Chair Jerome Powell, signaling a slower pace of rate cuts, weighed on domestic IT sentiment. Meanwhile, the Nifty Metal index outperformed, climbing 1.9% after China announced the withdrawal of export tax rebates on select aluminum and copper products. The move is expected to tighten global supply, benefiting Indian producers.

-Besides, Honasa Consumer shares were locked at the 20% lower circuit limit at ₹297.25 following a disappointing earnings report. The stock has declined 30.36% year-to-date, making 2024 a challenging year for the company.

-With Q2 earning season coming to a close and FII selling continuing, analysts expect Nifty to consolidate within a broad range due to the absence of any positive trigger.

-Today's trading session will also see the opening of the ₹10,000 crore IPO of NTPC Green Energy. The price band is fixed between ₹102 and ₹108 per share. The offering comprises entirely fresh equity shares with no Offer for Sale (OFS) component. This IPO is the third-largest of 2024, trailing Hyundai Motor India and Swiggy.

-This morning the #GIFTNifty was higher, trading at a premium of nearly 20 pts from Nifty Futures Monday close, indicating a flat-to-positive start for the Indian market

-Asian equities advanced following gains in US stocks, after Treasuries halted a selloff that had pushed 10-year yields as high as 4.5%. Traders are closely watching any news around President-elect Donald Trump’s planned administration.

-MSCI’s gauge of regional share climbed as much as 0.7% as benchmarks climbed in Japan, South Korea, China and Australia. The Nasdaq 100 outperformed Monday, with Tesla Inc. rising 5.6% on a news report Trump’s transition team have told advisers they plan to make a federal framework for fully self-driving vehicles one of the Transportation Department’s priorities.

-Overnight, the S&P 500 rose 0.4% on Monday, while the Nasdaq 100 climbed 0.7%. The S&P 500 Index will advance through the end of next year amid continued US economic expansion and earnings growth, according to Goldman Sachs Group Inc.’s chief equity strategist David Kostin

-Bitcoin slipped in Asian trade after rising above $91,000 Monday. The crypto currency is back in the vicinity of an all-time peak, supported by a salvo of developments highlighting the deepening embrace of the digital-asset industry in the US under crypto cheerleader Donald Trump.

-Oil was little changed after surging on Monday amid simmering geopolitical tensions. West Texas Intermediate rose to settle above $69 a barrel after the US gave Ukraine the green light to use long-range missiles inside of Russia, amping up tensions between the warring nations.

-Gold extended its gains as Goldman Sachs reiterated a forecast for prices to reach $3,000 an ounce next year.

Marketbuzz Podcast: Indian markets may open in the red according to the GIFT Nifty. Watch out for stocks like IGL, MGL, Vedanta, NALCO and more.

Marketbuzz Podcast: Indian markets may open in the red according to the GIFT Nifty. Watch out for stocks like Vodafone Idea, Zomato, IRFC and others.

Marketbuzz Podcast: Indian markets may open in the red according to the GIFT Nifty. Watch out for stocks like Reliance Industries, Swiggy, NTPC and more.

Marketbuzz Podcast: Indian markets may open flat according to the GIFT Nifty. Watch out for stocks like Hindalco, ONGC, Britannia and more.

Marketbuzz Podcast: Indian markets may open in the red according to the GIFT Nifty. Watch out for stocks like Asian Paints, Tata Motors, Ola Electric and others.

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of November 8

-Asian equities climbed this morning after stocks, bonds and commodities all rallied in the US as the Federal Reserve cut interest rates. It remains to be seen whether or not Indian equities will follow suit. The GIFT Nifty was flat this morning, trading at a discount of less than 20 pts, from Nifty Futures Thursday close, indicating a muted start for the Indian market

-Yesterday, the Indian markets witnessed profit booking after a huge surge over the last two trading sessions. A 300-point drop after hitting an intraday high of 24,503 may not have pleased the Nifty bulls. The Nifty 50 concluded near 24,200, shedding over a percent from its last close, while Sensex fell 836 points to settle at 79,542.

-Today, the Street will react to the FOMC interest rate decision. Traders had about fully priced in a 25-basis point rate cut.

-Earnings reactions will be seen from Lupin, NCC, Emami, Lupin, Cochin Shipyard, NHPC, Steel Authority of India, Ircon International that reported results after market hours on Thursday.

-Stocks like State Bank of India, Tata Motors, MRF, Ashok Leyland, Equitas Small Finance Bank, CE Info Systems, Bajaj Hindusthan Sugar, India Cements, INOX India, Dreamfolks Services, among others will be reporting results on November 8.

-The Federal Reserve did cut its key interest rate last night by a quarter-point in response to the steady decline in the once-high inflation that angered Americans and helped drive Donald Trump’s presidential election victory this week.

-Overnight in the U.S., the S&P 500 and Nasdaq rose, extending a rally after Donald Trump’s victory in the U.S. presidential election and the latest rate cut from the Federal Reserve. This morning, Australian, Japanese, South Korean and Chinese shares all advanced, supporting a second day of gains for a region-wide equity gauge. Treasuries ticked lower in Asia while US equity futures were little changed.

-In commodities, gold trimmed some of its advance from Thursday, while oil headed for a weekly gain. Bitcoin was little changed.

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of November 7

-Overnight, benchmark indices on Wall Street hit record highs after Republican candidate Donald Trump emerged victorious in the Presidential election and is set for a second term in the White House after a four-year interval.

-US Vice President Kamala Harris, meanwhile, told supporters to accept her election loss at the hands of President-elect Donald Trump but urged them to keep fighting for the ideals she espoused in her campaign as she publicly conceded the 2024 presidential race.

-All three US benchmark indices ended at all-time high levels post the Trump win. The Dow Jones surged over 1,500 points or 3.5% to close at the 44,000 mark. This was the best single-day gain for the index since November 2022. The S&P 500 saw its best post-election trading session on record, jumping 2.5% to close near levels of 6,000. The S&P 500 notched its 48th record high for 2024, while the Nasdaq Composite also surged 3%, led by a 15% jump in shares of Tesla, to close near the mark of 19,000.

-However, this morning, most Asian stocks dropped as investors weighed the market ramifications of a second Trump presidency, with its promise of steeper tariffs. The dollar edged higher after surging more than 1% on Wednesday. Benchmark equity gauges slipped in China, Australia and South Korea, and were mixed in Japan. The Federal Reserve is forecast to cut interest rates on Thursday.

-The gains for US stocks reflected expectations that a Trump policy agenda favoring lower taxes and less regulation may support corporate profits. At the same time, Treasury 10-year yields surged 16 basis points on Wednesday on expectations that his fiscal plans and proposal to hike tariffs will drive inflation higher and erode the ability of the Fed to trim borrowing costs.

-Now back home, continuing from where we left off after Tuesday's rebound, the market extended its rally on Wednesday, gaining over 1%, bolstered by positive global cues and significant developments in the US elections. BSE-listed companies gained nearly ₹8 lakh crore in market capitalisation in yesterday’s trade. All the sectoral indices closed in the green. Amongst them, the Nifty IT index, reality and oil & gas gained the most.

-IT stocks were the biggest contributors to the market rally yesterday, as reflected by the 4% gain in the Nifty IT index, despite the rupee trading sharply lower at 84.29 against the dollar. The rupee experienced a significant drop of 0.20 due to the outcome of the US election, where Republican candidate Donald Trump emerged victorious. Trump's win has strengthened the dollar index, adding pressure on global currencies.

-Thursday's trading session will not only be the weekly expiry of the Nifty 50, it will also see earnings reactions from Apollo Hospitals Enterprise, Blue Star, Aadhar Housing Finance, Delta Corp, Jindal Steel And Power, Power Grid Corporation of India, Tata Steel that reported results after market hours on Tuesday.

-While there are Nifty results like Mahindra And Mahindra, Trent, broader market names like Lupin, Cochin Shipyard, NHPC, Steel Authority of India, Cummins India, Emami, Emcure Pharmaceuticals, Escorts Kubota, Ircon International, among others will also be reporting results.

-The GIFT Nifty was lower this morning despite a strong handover from the US market, trading at a discount of more than 100 pts from Nifty Fut Wednesday close, indicating a start with sharp cuts for the Indian market.