MarketBuzz

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the developments from around the world ahead of the trading session on July 31

-And for the third day in a row, the question remains – will the Nifty 50 hit 25,000 today or not?
Because Tuesday's trading session almost felt like a repeat telecast of Monday's episode. The Nifty opens higher, scales higher, makes a high, ignites hopes of scaling 25,000 yet again and then comes a sell-off in the final few minutes of the session, taking the Nifty back to the exact same levels at which it started the session at.

-Today is also the last trading day of the month and as volatile a month as this has been, the index has so far gained 3.5% since the start of July.

-Stocks to watch: Tata Consumer Products, Ajanta Pharma, Dixon Technologies, Indus Towers, Navin Fluorine, Torrent Power, Macrotech Developers

-Earning: Four Nifty 50 constituents - Coal India, Mahindra & Mahindra, Maruti Suzuki and Tata Steel report results along with broader market names like Adani Power, Ambuja Cements, Aster DM Healthcare, Bank of Baroda, BHEL, Deepak Fertilisers, Birlasoft, Godrej Properties, Mankind Pharma, Prestige Estates and Zee Entertainment.

-HDFC Securities’ Nagaraj Shetti belives the short-term Nifty trend is choppy but the near-term trend remains intact, and that the overall chart pattern is indicating some more consolidation or a minor dip in the next 1-2 sessions before a bounce from the lows.

-In terms of global cues, Asian stocks clung to familiar ranges on Wednesday after contrasting results from tech bellwether Microsoft and chipmaker AMD suggested a divide in the AI landscape while the yen was firm ahead of the Bank of Japan's policy decision.

-Central banks dominate investor attention on Wednesday, with the decision from the Federal Reserve also due later in the day with markets expecting the U.S. central bank to stand pat on rates but indicate rate cuts are on the way. The BOJ on the other hand is expected to detail plans to taper its huge bond buying on Wednesday and debate whether to raise interest rates.

-In commodities, oil rose for the first time in four sessions after an industry report pointed to a fifth week of drawdowns in US stockpiles. Brent crude for October traded above $78 a barrel after tumbling by 4.1% over the prior three days.

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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 July 30

-The Nifty has come within touching distances of landmarks and reversed before scaling those in earlier instances too. But none could have been as close as a 0.2 point difference that separated the Nifty and 25,000 yesterday. The Nifty made another record high, but instead of scaling the 25,000 mark, the index reversed from levels of 24,999.8.

-What led to this collapse on Monday? Almost every index heavyweights contributed to the correction from higher levels. ICICI Bank, which was once the top contributor to the Nifty upside, corrected nearly 2.5% from the highs of the day and end with gains of just 0.5%. Most of the other index heavyweights too, from HDFC Bank, Axis Bank to ITC and even TCS and Infosys corrected anywhere between 1% and 2% from their respective highs, dragging the Nifty lower in the process.

-The banks will again be in focus on Tuesday because it will be the weekly expiry of the Financial Services index, which in turn will also put the spotlight on the Nifty Bank.

-Stocks to track: ACC, HPCL, Colgate-Palmolive, Data Patterns, KEI Industries, Quess Corp, Kalpataru Projects, Pfizer, Indus Towers

-Earnings: Tata Consumer Products, Ajanta Pharma, Dixon Technologies, Indus Towers, Macrotech, Sapphire foods, Titagarh Rail, Torrent Power, MOIL, Navin Fluorine

-In terms of global cues, Asian stocks opened lower amid speculation investors are trimming some of their holdings before a rush of events in coming days. This includes major central bank decisions, key economic data and earnings from US megacap companies.

-Equities slipped in Japan and Australia in early trading, while futures signaled a decline in Hong Kong. US stock futures edged lower in Asia hours following a rotation in the American shares that drove the Nasdaq 100 to the brink of a correction. The S&P 500 closed little changed and small caps slipped.

-In terms of commodities, oil was steady near a seven-week low on a shaky demand outlook, especially in the biggest importer China.

Brent crude traded below $80 a barrel after losing more than 3% over the previous two sessions, while West Texas Intermediate was around $76. Meanwhile, spot gold fell 0.1% to $2,381.52 an ounce.

-In other global news, Kamala Harris is set to announce her pick for the vice president post in the coming days. Venezuela is seeing huge protests on President Maduro’s claim of election victory. McDonald’s has been hit by the first global sales drop since 2020.  On the tech side, Apple has released its first preview of iPhone AI.

-Back home, RBI in its report has said it sees rapid digitisation of the economy, thought with risks ahead. Also, a media report suggests the government may target a fiscal deficit range of 3.7-4.3% post FY26.

-PM Narendra Modi will address the post-Budget session at CII today.

-The Ministry of Home Affairs (MHA) has established a committee to investigate a recent incident at a coaching centre in which three UPSC aspirants died due to flooding in the basement in old Rajinder Nagar, New Delhi. Seven people have so far been arrested in connection with the incident.

-In an update from the Paris Olympics, Manika Batra has become the 1st Indian table tennis player to reach Round of 16 in the Games.

-Lastly, Gift Nifty was trading flat this morning which means the Indian markets are likely to open little changed this morning.

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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 July 29

-The big question today is whether or not the Nifty will surpass 25,000 after almost every index heavyweight, be it Reliance Industries, Infosys, TCS, ITC put their hand up on Friday to take the Nifty to a new record high of 24,861.

-While IT and Reliance have been contributors through and through, what further aided Friday's move was a recovery in banks. The Nifty Bank index recovered nearly 900 points from the lows of the day and barring HDFC Bank, most of the index constituents contributed to the rally on the upside. Infosys, trading at the highest level in two years, is also nearing a record high.

-The banking sector will again be in focus today as a slew of earnings reactions will be seen during the trading session.

-Stocks to watch: IndusInd Bank, Bandhan bank, Power Grid, KEC International, Kaynes Tech, ICICI Bank, PNB, IDFC First Bank, Anant Raj, MCX, Dr Reddy's Laboratories, Genus Power, UltraTech and India Cements

-Earnings: ACC, BEL, Adani Total Gas, CSB Bank, Data Patterns, HPCL, Kansai Nerolac, Strides Pharma

-Both foreign and domestic institutions were net buyers in the cash market on Friday. The numbers may also be skewed due to the block deal that took place in Sobha on Friday morning.

-Kotak Securities’ Amol Athawale expects 25,000 to be a key hurdle for the bulls but crossing that can take the Nifty to 25,150 levels. 24,675 - 24,600 on the downside now becomes an important support, below which, the sentiment could change.

-In terms of global cues, Asian shares snapped three days of losses to rise on Monday morning, before a week of key central bank decisions in Japan, the US and the UK, as well as some big tech earnings releases.

-The Fed is likely to signal its plans to cut in September at the conclusion of its meeting on Wednesday, according to economists surveyed by Bloomberg News, a move they say will kick off reductions each quarter through 2025.

-Oil rose ahead of a key OPEC+ meeting this week, with analysts divided over whether the group will proceed with plans to boost supplies next quarter.

-OLA Electric Mobility is set to launch its Rs 5,500 cr IPO on August 2

-Manu Bhaker has won bronze in air-pistol, bagging India’s first medal at Paris Olympics

-Gift Nifty was trading 0.3% higher from friday’s close this morning, indicating a start in the green for the Indian market

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Marketbuzz Podcast: Indian markets may see a flat start according to the GIFT Nifty. Watch out for stocks like Tech Mahindra, VST Industries, Indus Towers.

Marketbuzz Podcast: Indian markets may see a gap-down start according to the GIFT Nifty. Watch out for stocks like L&T, Axis Bank, IEX.

Marketbuzz Podcast: Indian markets may see a negative start according to the GIFT Nifty. Watch out for stocks like HUL, Bajaj Finance, Vedanta and TCPL.

Marketbuzz Podcast: Indian markets may see a flat start according to the GIFT Nifty. Watch out for stocks like Suzlon, Federal Bank, HUL.

Marketbuzz Podcast: Indian markets may see a gap-down start according to the GIFT Nifty. Watch out for stocks like HDFC Bank, RIL, Suzlon, and Wipro.

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the top developments ahead of the trading session of July 19

-Quarterly results continue to remain the focus of the market. On July 18, there was a big IT-led recovery and after market hours Infosys posted a super first quarter earnings.

-Technology stocks led the charge on the upside on Thursday with heavyweights Infosys and TCS being substantial contributors. Both combined contributed to nearly 50 points on the Nifty's 190-point surge on Thursday. Vital contributions also came from ICICI Bank and Reliance Industries.

-Today, it possibly would be Infosys, that will be the biggest trigger for pushing the Nifty towards 25,000. The IT giant convincingly surpassed analyst estimates for the June quarter, raised its revenue growth guidance for financial year 2025 and also won deals worth $4.1 billion during the June quarter. The company's US-listed shares (ADRs) ended 8.3% higher overnight.

-Other than Infosys, the other stock in focus on Friday will be Reliance Industries, as it will report results after market hours. The index heavyweight will see the reaction to its earnings next Monday, a day before the announcement of the Union Budget.

-Other broader market names like Persistent Systems, Tata Technologies, L&T Technology Services, South Indian Bank, Dalmia Bharat, JSW Infra will also react to their results today.

-Earnings: JSW Steel, ICICI Lombard, JSW Energy, Indian Hotels, UltraTech, Wipro, Paytm, Nippon Life AMC, Patanjali Foods, PVR Inox, Route Mobile, Tejas Networks

-GIFTNifty was trading higher, up more than 10 pts from Nifty Futures Thursday close, indicating a start in the green for the Indian market.

-Early today, Asian equities tracked US stocks lower for a second day as signs of economic weakness overwhelmed the market’s optimism surrounding interest-rate cuts. Shares in Japan, South Korea and Australia dropped.

-The S&P 500 fell 0.8% Thursday, extending a drop from the prior session and placing the benchmark on track for its largest weekly decline since April. The Nasdaq 100 fell 0.5%, while the Russell 2000 benchmark of US small companies fell 1.9%, continuing to pull back from a rally earlier in the week as investors rotated from large technology stocks. US equity futures edged higher early Friday.

-Elsewhere, Joe Biden’s grasp on the Democratic presidential nomination appeared to be slipping Thursday, as he weighed increasingly public warnings from his party’s top lawmakers.

-In commodities, oil edged lower in early Friday trading. Brent crude prices fell by half a percent to $84.50 a barrel. Spot gold too fell over half a percent to $2,430.57 an ounce.

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-Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important updates ahead of the trading session of July 18

-As the market resumes trading today after a mid-week holiday, June quarter results seem to have taken the centre stage. In the next 2 sessions, 35% of the Nifty companies will be in focus due to earnings.

-On Wednesday, Asian Paints and LTI Mindtree reported their results whereas today IT major Infosys is due to announce its first quarter results after market hours. On Friday, Reliance, BPCL, JSW Steel, Ultratech as well as Wipro will report their earnings. And over the weekend, HDFC BANK and Kotak Mahindra bank will do so.

-All eyes are now on the Union Budget which is three trading sessions away. Meanwhile, Chris Wood, Global Equity Strategist of Jefferies believes that we are nowhere near to ending the bull run market in India.

-The GIFTNifty was trading with a premium of nearly 30 points from Nifty Futures' Tuesday close this morning, indicating a start in the green for the Indian Market.

-Thursday is also the weekly options expiry of the Nifty 50 contracts. Earnings reaction will be seen in stocks like Asian Paints, Just Dial, LTIMindtree, Hathaway Cables, Elcon Engineering and others.

-Stocks to track: Zensar Tech, L&T Finance, Zee Entertainment, IREDA, Nazara Technologies, Glenmark Pharma, Techno Electric & Engineering, Adani Green Energy,

-In terms of global cues, Asian equities fell this morning, as a global selloff in technology stocks deepened on concerns over tighter US restrictions on chip sales to China. Shares in Japan and South Korea dropped, with the Topix falling as much as 1.5%, weighed down by a stronger yen and further fallout from heavy selling in chipmakers around the world.

-Hong Kong and mainland Chinese stocks fluctuated in early trade, with the Hang Seng Tech Index down as much as 1.2%. US futures drifted higher after the S&P 500 fell 1.4% and the Nasdaq dropped 2.9%, its worst day since 2022, on Wednesday.

- In other news from around the world, back home, Karnataka has put the controversial bill on job reservations in the private sector on hold. Globally, US President Joe Biden has tested positive for covid-19.

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