MarketBuzz

Welcome back to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of August 29

-After days of consolidating and resisting, the Nifty conquered its previous record high of 25,078 on August 28, a day ahead of its August F&O expiry and made a new high of 25,129. As has been the case with previous highs, there was some bit of profit booking at higher levels and that resulted in the Nifty seeing a 90-point drop from the highs of the day, ending even below its previous record high of 25,078.

-This surge came despite the underperformance from banking stocks as the day belonged to IT stocks. Barring Tata Elxsi, which sold-off after a stellar two-day move, most largecap or midcap IT names saw healthy gains in Wednesday's trading session.

-But the big question for Thursday's trading session is that will Reliance Industries, the index heavyweight, put its hand up and lead the Nifty to an 11th straight day of gains on its monthly expiry session?

-Stocks to watch: Reliance Industries, InterGlobe Aviation, Vedanta, Sonata Software, PB Fintech, Lemon Tree Hotels, KEC International

-The GIFT Nifty was lower this morning, trading at a discount of more than 40 pts from Nifty Futures Wednesday close, indicating a start in the red for the Indian market

-Stocks in Asia slipped as Nvidia Corp earnings lacked the wow factor to impress investors, while Chinese results helped extend a selloff in the country’s tech companies. A gauge of Chinese tech stocks fell more than 2% in Hong Kong. Nvidia slumped more than 8% in post-market trading following a sales forecast that disappointed some on Wall Street.   

-Later Thursday, investors will shift focus to key US data including a growth reading, personal consumption and weekly jobless claims to help firm bets the Federal Reserve will quickly ease policy this year. Fed Bank of Atlanta President Raphael Bostic said it “may be time to cut” but he’s still looking for additional data to support lowering interest rates next month.

-In commodities, oil steadied after a two-day drop, with stock market losses offsetting a drawdown in US stockpiles and supply disruptions in Libya. Gold traded just below its record high, on course for a monthly gain.

Tune in to Marketbuzz Podcast for more news and cues

Marketbuzz Podcast: Indian markets may see a flat start according to the GIFT Nifty. Watch out for stocks like NBCC, Zomato and Reliance Industries.

Welcome back to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of August 27

-Jerome Powell's speech triggered a strong rally on Wall Street and that rubbed off on Dalal Street to a certain extent as well on Monday. The Nifty was back above the mark of 25,000, a level last seen at the start of this month. It turned out to be a day when the benchmark indices outperformed the broader markets.

-Even as the Nifty gained nearly 200 points on Monday, there appeared to be some hesitation among the bulls to scale the record high of 25,078 and take the index beyond that.  The Nifty made a high of 25,043 on Monday and closed just above the mark of 25,000, falling just 0.3 points short of registering a record closing high.

-Almost all interest-rate sensitives put in a strong show on Monday, starting with IT, which rallied post the surge seen on the Nasdaq, while Real Estate and Metal stocks too saw a good day at the office.

-For today, the GIFTNifty was lower this morning, trading at a discount of nearly 30 pts from Nifty Futures Monday close, indicating a start in the red for the Indian market.

-Stocks to watch: IT stocks, GPT Infraprojects, KPI Green Energy, UltraTech Cement, Paytm,
HCLTech, Lemon Tree Hotels

-In terms of global cues, Asian shares moved in narrow ranges after tech giants dragged down Wall Street, as focus shifted from the Federal Reserve’s policy outlook to Nvidia Corp.’s earnings later this week. Japanese and South Korean stocks turned slightly higher after earlier losses, with mild gains in Australia.Hong Kong futures pointed to a weak opening, while contracts for US peers were steady after some of the world’s largest tech names pushed US stocks lower.

-A gauge of the “Magnificent Seven” megacaps slid 1.2% on Monday. While more than half of the shares in the S&P 500 gained, the US equity benchmark edged lower — a consequence of weakness in the tech giants that dominate it.

Tune in to Marketbuzz Podcast for more news and cues

Welcome back to CNBC-TV18’s Marketbuzz Podcast. Here are all the latest developments from around the world ahead of the trading session of August 26

-The key crucial remark from the weekend is from US Fed Chair Jerome Powell's Jackson Hole speech. He said that the time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, evolving outlook and the balance of risks. This is exactly what the street wished to hear.

-While the reaction in the Indian markets will be seen on Monday, Powell's speech was definitely cheered by Wall Street. The Dow Jones rallied over 450 points, as did the S&P 500. The Nasdaq composite surged over 1.5%. All three benchmark indices ended the week with gains.

-Back home, this week will see the expiry of the August F&O series for the Nifty and Nifty Bank. The Nifty has been volatile this series but as of closing on Friday, the index is absolutely flat, just 10 points adrift of the July expiry close of 24,834. For the week gone by, both Nifty and the Nifty Bank ended with gains of a percent each.

-The latest round of the Nifty 50 rejig was also announced on Friday. Trent, the Tata Group multibagger, which is up 20 times from its Covid-19 lows, will be the latest entrant to the index, along with state-run Bharat Electronics. Both these names will replace Divi's Laboratories and LTIMindtree, which will be moved back to the Nifty Next 50 or the Nifty Junior index.

-In addition to the Nifty Rejig, announcements were also made for the latest addition to the FTSE All World Index. They include names like Bank of Maharashtra, Bharat Dynamics, Central Bank of India, Cochin Shipyard, Endurance Tech, Escorts Kubota, GE T&D India, Hitachi Energy India, HUDCO, IRB Infra, KEI Industries, Lloyds Metals, Motilal Oswal. Changes to be effective from September 23, 2024.

-Stocks to watch: Ambuja Cements, Transport Corporation of India, Alembic pharma, Prime Fresh, Karur Vysya Bank, Lemon Tree, FDC, Religare Enterprises, JSW Energy, and Zydus Life.

-On the global front, Asian stocks advanced this morning and the yen strengthened to a three-week high as investors took positions in anticipation of the Federal Reserve cutting US interest rates from next month. Shares in Australia and Hong Kong climbed on Monday, benefitting from Chair Jerome Powell’s Jackson Hole speech, when he said the “time has come” to pivot to monetary easing.

-GIFTYNifty was higher this morning trading at a premium of nearly 60 pts from Nifty Futures Friday close, indicating a start in the green for the Indian market

Tune in to the Marketbuzz Podcast for more news and cues

Marketbuzz Podcast: Indian markets may see a flat start according to the GIFT Nifty. Watch out for stocks like Ambuja Cements, Nykaa and Power Mech Projects.

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Marketbuzz Podcast: Indian markets may see a gap-up start according to the GIFT Nifty. Watch out for stocks like Maruti, Hindustan Zinc and BEML.

Marketbuzz Podcast: Indian markets may see a gap-up start according to the GIFT Nifty. Watch out for stocks like Hindustan Zinc, Vedanta, SpiceJet and Ola Electric.