MarketBuzz

Welcome back to CNBC-TV18’s Marketbuzz Podcast. Here are all the top developments from around the world ahead of the trading session of August 14

-On Tuesday, the street wanted the weightage of HDFC Bank to be increased in one go, but MSCI decided to increase it in two tranches. The first one now, and the second in November, subject to compliance with the foreign headroom limit. That did not please the market participants. HDFC Bank's shares were already down 11% from the July 3 peak and Tuesday saw another 3% drop. 50% of the Nifty's fall on Tuesday came from India's largest private lender. The Nifty yet again faced pressure above 24,350 and swiftly reversed from those levels, once HDFC Bank continued to decline.

-Besides HDFC Bank, SBI, ITC and Bajaj Finance also contributed to the Nifty fall on Tuesday, albeit in a lesser quantum compared to the index heavyweight.

-Wednesday will now be the weekly expiry for both Nifty and the Nifty Bank as Thursday will be a market holiday on account of Independence Day and the Parsi New Year. For the weekly expiry session, 24,100 becomes the key level on the downside for the Nifty. The fact that the Nifty has closed near the lowest point of the day will not please the bulls.

-Wednesday's trading session will see the final bits of earnings reactions from stocks like Hero MotoCorp, Apollo Hospitals, Manappuram Finance, Muthoot Finance, SJVN, MTAR Technologies among others.

-This morning, the GIFT Nifty was trading with a premium of 75 points from Nifty Futures' Tuesday close, indicating a gap-up start for the Indian market.

-In terms of global cues, stocks in Asia followed a rally on Wall Street as bets mounted that the upcoming US consumer price report will give the Federal Reserve confidence to start cutting rates in September.

-The MSCI Asia Pacific Index climbed for a fourth session, extending its recovery from a historic Aug. 5 selloff. Equity benchmarks were mostly higher, with those in Japan and Taiwan jumping more than 1%. The gains came after the US producer price index rose less than forecast, helping to fuel a 1.7% rally in the S&P 500.

-Overnight, the S&P 500 saw its biggest four-day rally this year. The Nasdaq 100 climbed 2.5%. Starbucks Corp. surged 25% after ousting its chief and picking Chipotle Mexican Grill Inc.’s Brian Niccol as its next leader.

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Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of August 13

-On Monday, while the dip got bought into, similar to what the trend has been over the last few sessions, the Nifty could not sustain at higher levels as the recovery got sold into. The market remained fairly resilient to any potential concerns arising from the latest report from US-based short-seller Hindenburg Research.

-Tuesday's session will see a lot of stock specific moves, particularly HDFC Bank, that may determine the trajectory of the Nifty during the session. India's largest lender will see an increase in weightage in the MSCI Global Standard Index but in two tranches. Nuvama Alternative is anticipating inflows worth $1.8 billion in the first adjustment that will take place on August 30.

-Tuesday's session will see more PSU earnings reactions like Hindustan Copper, RCF, IRFC, HUDCO, along with other names like Vodafone Idea, Camlin Fine Sciences, Ami Organics, Campus Activewear, DOMS Industries, ITI etc.

-Three Nifty stocks - Hero MotoCorp, Apollo Hospitals and Hindalco report results on Tuesday, along with broader market names like Emcure Pharma, Dish TV, Dilip Buildcon, IRCTC, Muthoot Finance, Piramal Enterprises, HEG, among others.

-Other than that, shares of state-run Rail Vikas Nigam Ltd. will be included in the MSCI India Index, which is part of the MSCI Global Standard Index as part of its latest reshuffle. Six other stocks besides RVNL, namely Vodafone Idea, Dixon Technologies, Oil India, Prestige Estates, Oracle Financial and Zydus Lifesciences have also found a place in the MSCI India Index as part of the latest rejig. Bandhan Bank is the only Indian stock that will be excluded from the index.

-Asian stocks rose this morning, fully recovering their losses from last week’s rout, bolstered by an advance in Japanese shares. Japan’s equities rose after a holiday, as a weaker yen supported exporters. MSCI’s Asia-Pacific gauge rose as much as 1% to erase losses from last week’s tumble. The S&P 500 closed little changed ahead of US inflation data later Tuesday and Wednesday. Treasuries held Monday’s gains.

-Oil remained near the $80 level it hit on Monday, as the US sees an Iranian attack against Israel as increasingly likely. Israel’s sovereign debt was cut by one notch by Fitch Ratings, which kept a negative outlook on the credit as continued military conflict weighs on the country’s public finances.

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Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all top developments from around the world ahead of the trading session of August 12

-A new report released over the weekend by Hindenburg Research will be in focus today. The US-based short-seller has alleged that market regulator Securities and Exchange Board of India's (SEBI) reluctance to act against the Adani Group might be linked to its chief Madhabi Puri Buch, having stakes in offshore funds associated with the conglomerate. In response, Buch has labelled the claims as "baseless" and characterised them as an attempt at "character assassination."

-This yet again puts the Adani Group companies in the spotlight for Monday's trading session. Shares of most group companies have already recovered all the losses they made after the first Hindenburg report in January 2023. The Adani Group has also responded by saying that their overseas holding structure is fully transparent and that the Group has no commercial relationship with individuals or matters mentioned in the report.

-The Nifty 50 heads into a truncated week after what has been an extremely volatile week gone by. With the turn of events over the weekend, the upcoming holiday-shortened week also promises to be nothing less. It was a relatively steady end to the week last Friday with the Nifty closing above the 24,350 mark. Although it could not prevent a second-straight weekly loss, it managed to claw back most of that on Friday with a 250-point surge.

-Barring the Adani Group companies, REITs will also be in focus as Hindenburg's new report also claims that SEBI's regulations on REITs benefitted Blackstone, which is the sponsor of three out of the four Indian listed REITS. Blackstone is also where the SEBI Chairperson's husband Dhaval Buch was a senior advisor. The report alleged the SEBI chief promoted REITs as an investment product to benefit Blackstone.

-PSU stocks will be in focus as well. Bharat Dynamics joined the list of PSU earnings disappointing the street after RVNL, IRCON and even BHEL. Cochin Shipyard has turned out to be the only outlier so far.

-The handover from Wall Street has been largely positive with the benchmark indices ending Friday's session with moderate gains. This morning, shares in Asia opened higher as markets shifted focus to key US data prints this week for further insight into the health of the world’s biggest economy.

-However, it is likely that the focus on Monday for the Indian markets will be the Hindenburg report which may cloud an on-the-mend sentiment for equities instead of global cues, which have been the focal point all through last week.

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Marketbuzz Podcast: Indian markets may see a gap-up start according to the GIFT Nifty. Watch out for stocks like IRCON, Eicher Motors and the Ola Electric listing.

Marketbuzz Podcast: Indian markets may see a gap-down start according to the GIFT Nifty. Watch out for stocks like Hindalco, GCPL and PSU stocks.

Marketbuzz Podcast: Indian markets may see a gap-up start according to the GIFT Nifty. Watch out for stocks like Suzlon, Tata Power, PI Industries.

Marketbuzz Podcast: Indian markets may see a gap-up start according to the GIFT Nifty. Watch out for stocks like PSUs, Bharti Airtel, ONGC.

Marketbuzz Podcast: Indian markets may see a gap-down start according to the GIFT Nifty. Watch out for stocks like SBI, Titan and Bharat Forge. 

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are the top developments ahead of the trading session of August 2

-After three days of teasing the landmark, the Nifty finally scaled the mark of 25,000, thereby starting off August on a positive note. What generally follows an event like this is a sell-off from higher levels. Yesterday, there was some bit of resistance for the Nifty as well around the 25,100 mark owing to which it reversed from its latest record high of 25,078, but the fact that the index managed to hold on to 25,000 at close, will give the bulls a lot of comfort.

-Stocks to watch: Tata Motors, Zomato and ITC, Godrej Agrovet, Kalyan Jewellers, Vaibhav Global, Infosys

-Earnings: Dalmia Bharat, Delhivery, CAMS, Hindustan Zinc, UPL, PSP Projects, Titan, LIC Housing Finance

-Nagaraj Shetti of HDFC Securities says even as the Nifty has crossed 25,000, the crucial hurdle between 25,000 - 25,100 remains intact. He anticipates further consolidation or a minor near-term dip.

-In the US overnight, stocks sold off with the Dow Jones Industrial Average tumbling nearly 500 points, as investors’ fears over a recession surfaced. The Dow dropped 1.2%. The S&P 500 shed 1.3% while the Nasdaq Composite
 slipped more than 2%.

-Some fresh data stoked fears over a possible recession and the notion that the Federal Reserve could be too late to start cutting interest rates. Initial jobless claims rose the most since August 2023.

-This morning, Asian markets also fell after the Wall Street sell-off, with Japan’s Nikkei 225 leading losses. Japan’s benchmark indexes nosedived as much as 5% on Friday, with most Asia-Pacific markets lower after a sell-off on Wall Street overnight over recession worries.

-Intel shares slid as much as 20% in extended trading overnight after the chipmaker said it would lay off over 15% of its employees as part of a $10 billion cost-reduction plan and reported lighter results than analysts had envisioned.

-In commodities, oil headed for a fourth weekly drop as demand concerns in the world’s two biggest economies overshadowed heightened geopolitical risk. Brent crude traded near $80 a barrel after dropping by 1.6%.

-Ola Electric’s over Rs 6000 cr IPO opens for subscription today. Its anchor book saw participation from marquee investors.

-Gift Nifty was trading 0.18% lower than the Nifty futures’ Thursday close, implying a lower start for the Indian market.

Tune in to the Marketbuzz Podcast for more cues

-Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are the top developments from around the world ahead of the trading session of August 1 

-It’s yet another day of waiting for the Nifty to cross 25,000. Nifty and 25,000 are now separated by 49 points. It still seems a long way away considering the index came within 0.2 points of that on Monday, 30 points on Tuesday and 16 points on Wednesday but could not cross that landmark. 24,984 was the high made by the Nifty on Wednesday and that now becomes the first hurdle to cross on Thursday for the Nifty.

-Global cues are important today as the US Federal Reserve has kept interest rates unchanged but Chair Jerome Powell said that a rate cut in September is "on the table" provided that data continues to be as encouraging as it currently is. 

-Wall Street cheered the Fed commentary with the S&P 500 marking its best day since February this year, while the Nasdaq ended with gains of over 2%.

-This morning in Asia, equities and US futures were broadly higher on firming signs that the Federal Reserve will soon cut interest rates. Japanese stocks fell to reflect a stronger yen. Equities in Australia and South Korea rose alongside Hong Kong share futures. Contracts for the S&P 500 and the Nasdaq 100 both climbed to compound Wednesday’s advances ignited by a tech rally. 

-In terms of commodities, oil prices rose in early Asian trading, extending strong gains in the previous session after the killing of a Hamas leader in Iran raised the threat of a wider Middle East conflict and on signs of strong oil demand in the U.S. Global benchmark Brent crude futures rose 0.8%, to $81.51 per barrel this morning. 

-Back home, Nifty ended the month of July with gains of 3.9%, following up a 6.6% advance in June. August generally has been a positive month for the Nifty as it has delivered positive returns in three out of the last four years. Last year saw the index fall 2.5%, but gained 3.5% in 2022, 8.7% in 2021 and 2.8% in 2020. 

-The first day of the new month will also be the weekly options expiry of the Nifty 50 contracts.

-Stock to track: Infosys, Coal India, Tata Steel, Bank of Baroda, Prestige Estates, Phoenix Mills, Relaxo Footwear 

-Earnings: Adani Enterprises, Adani Ports, Sun Pharma, ITC, Tata Motors, Dabur, Kalyan Jewellers, Thermax, Tube Investments, HPL Electric and Power, and Godrej Agrovet 

-The Gift Nifty was trading 0.02% ahead of the Nifty futures’ Wednesday close, implying a flat start for the market today. 

 Tune in to the Marketbuzz Podcast for more cues