Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important updates ahead of the trading session of July 16

-Even as the Nifty traded in a 110-point range on July 15, it crossed the 24,600 mark, made a new high of 24,635, and closed above levels of 24,550. Interestingly, barring SBI and ITC, none of the major index heavyweights contributed to the Nifty's upmove yesterday. Most of them ended with a flat to negative bias. But contributions came from PSUs like ONGC and NTPC, along with Bajaj Auto, which reports results today.

-Today might turn out to be a volatile day for the financials, as the Nifty Financial Services will have its weekly expiry. Additionally, with Wednesday being a market holiday, the Nifty Bank too, will have its weekly expiry on Tuesday.

-GIFTNifty was trading with a premium of over 17 points from Nifty Futures' Monday close, which indicates a flat-to-positive start for the Indian market.

-Earnings: Bajaj Auto, CRISIL, Dee Development Engineers, DB Corp, Himadri Speciality Chemicals, Jubilant Ingrevia, Just Dial, L&T Finance, Network18 and TV18.

-Stocks to watch: Jio Financial Services, SpiceJet, Vedanta, Hindustan Unilever, Unichem Labs, Lupin, Zee Entertainment

-Stocks in Asia were muted in early Tuesday trading, following gains on Wall Street fueled by optimism surrounding a second Donald Trump term as the former US president chose his running mate. Equity benchmarks rose in Japan and Korea, while those in Australia were steady. Futures for Hong Kong stocks pointed to a decline.

-Caution in Asia comes amid signs of emerging market volatility in anticipation that Trump’s tariff threats will be implemented.

-Overnight on Wall Street, the blue-chip Dow also reached a new intraday high, advancing half a percent to close at 40,211.72. Similarly, The S&P 500 added 0.28% to 5,631.22, while the Nasdaq Composite gained 0.4% to end at 18,472.57. Trump’s rising odds of victory boosted oil producers, gun makers and private prisons. His pro-cryptocurrency stance lifted the industry. Tesla Inc. rallied as Elon Musk endorsed Trump. Solar firms sank as Democrats are seen as more friendly toward the sector.

-Meanwhile, Federal Reserve Chair Jerome Powell said in an interview that second-quarter economic data has provided policymakers greater confidence that inflation is heading down to the central bank’s 2% goal, possibly paving the way for near-term interest-rate cuts. He made clear he didn’t intend to send any specific message about the timing of rate reductions.

-In commodities, oil prices edged lower on worries about a slowing Chinese economy crimping demand, though a growing consensus that the U.S. The Federal Reserve will begin cutting its key interest rate as soon as September limited declines. Brent futures fell to $84.76 a barrel.

-Back home, Telecom Minister Jyotiraditya Scindia is likely to meet leaders from Telecom and Internet Service Providers. DOT has called for meeting of Stakeholder Advisory Committee for TSPs i.e. Telecom Service Providers. This committee includes, Sunil Bharti Mittal, Akash Ambani, Kumar Manglam Birla and N Chandrasekhar. The issues of Unsolicited Commercial Communication, network quality, and 6G are likely to be on the cards.

 

Welcome to CNBC-TV18’s Marketbuzz Podcast, here are all the important updates ahead of the trading session of July 15

-Multiple big earnings due this week. Bajaj auto on July 16, Infosys on July 18,  and Reliance Industries on Friday, July 19. Also, this is a truncated week as the market will remain closed on Wednesday for Muharram.

-The week gone by nearly turned out to be a dull one until the IT stocks woke up from their long slumber post TCS' results and took the Nifty higher, thereby ensuring that the index gained for the sixth week in a row. The Nifty IT index had its best single day gain since October 2020 last Friday.

-Nagaraj Shetti of HDFC SecuritiesThe Nifty appears to have completed its one day dip and has started to move higher while pointing to a similar move on June 24, post which the index had continued to move higher. He now expects the Nifty to test levels of 24,950, having crossed the immediate hurdle of 24,400. Downside support is at 24,350.

-This morning, the GIFT Nifty higher was trading at a premium of 90 points from Nifty Futures Friday close, indicating a start in the green for the Indian market. Multiple stocks in focus today.

-Stocks to watch: IREDA, HCLTech, Avenue Supermarts, HDFC AMC, HDFC Life, Jio Financial Services

-In terms of global outlook, Asian stocks were mixed as the US dollar rose after the attempted assassination of Donald Trump reinforced bets that his chances of winning the presidential election have increased.

-Australian and South Korean shares rose while Hong Kong futures indicated an early loss when markets open. Australian bond yields edged lower. Chinese shares opened lower ahead of key data release and a major political event in the country. Japan’s markets are closed for a public holiday. .

-Bitcoin topped $60,000 in the wake of the attack.

-On friday, in the US, Dow Jones hit a fresh all-time high above 40,000. Dow Jones has risen 6% in 2024 whereas S&P 500 is up 18% in 2024 to a new record high.

-In commodities, oil prices fell for a second day on Monday as the dollar gained ground amid political uncertainty in the U.S. following an attack on U.S. presidential candidate Donald Trump while investors eyed the progress of talks for a Gaza ceasefire. Brent crude futures fell 55 cents, or 0.7%, to $84.48 a barrel after settling down 37 cents on Friday.

-Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important updates ahead of the trading session of July 12

-Tech stocks will be in focus today. A good set of earnings from TCS is likely to aid sentiment today. Not only did TCS Q1 revenues and margins beat estimates, the company says FY25 will be better than FY24. Brokerages are also positive on the TCS stock. UBS has raised target price to Rs 4,600.

-Another IT stocks to watch today is HCL tech which is due to report its earnings after market hours today, whereas Infosys will report on July 18. Among other big names, Reliance Industries earnings report is due on next Friday i.e. July 19.

-The Nifty 50 holds firm at 24,300. While it finds support between 24,150 - 24,200 levels, it continues to face hurdles at the 24,400 mark. That has been the pattern all through this week and the weekly options expiry session yesterday was no different.

-On the global front, hopes are rising that the US Federal Reserve will eventually bite the bullet and start cutting interest rates by September. But, back home, RBI governor Shaktikanta Das, in an exclusive interaction with CNBC-TV18, said that it is too soon to think of interest rate cuts.

-Besides TCS, stocks like Anand Rathi Wealth and GTPL Hathaway will also react to their quarterly results reported after market hours on Thursday.

-Foreign investors were net sellers in the cash market on Thursday, while domestic investors were net buyers. For the week, the Nifty is absolutely flat.

-The GIFTNifty was trading with a premium of nearly 65 points from Nifty Futures' Thursday close, indicating a gap-up start for the Indian market.

-Asian technology stocks fell Friday, echoing declines on Wall Street as slowing US inflation sparked a rotation out of Big Tech. The yen was volatile. A gauge of Asian tech stocks fell as much as 3.1%, reflecting declines of more than 1% in Japan and South Korea. Equities in Hong Kong and Australia gained, while Chinese shares fluctuate.

-The Nasdaq 100 dropped 2.2% Thursday, weighed down by some of the year’s big winners, including Nvidia Corp. and Microsoft Corp.

-The moves followed data showing US core consumer prices rose at the slowest pace since 2021, bolstering the case for Federal Reserve rate cuts. Optimism over lower rates sparked a sector rotation from Big Tech into the likes of real estate and materials companies.

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important updates ahead of the trading session of July 11

-The Nifty 50 failed to see follow-through yesterday & broke a prior low. However, It's Too early to judge if we are in for a bit of a pullback. The Nifty witnessed its biggest single day fall in over a month, which is the Lok Sabha election result day of June 4.

-Despite the drop, the market continued with its "buy-the-dip" trend. At one point, the Nifty even slipped below the mark of 24,150 but saw a recovery of nearly 200 points from those levels to close above the 24,300 mark.

-Most index heavyweights, be it Reliance Industries, HDFC Bank or TCS were on the same losing end in Wednesday's trade, although the recovery in the index also came as the first two recovered from their respective session's low.

-Today, TCS will remain in focus as it kickstarts the earnings season for the Nifty 50 companies, the reaction of which of course, will be seen on Friday.

-Today is also the weekly options expiry of the Nifty 50 contracts and it remains to be seen whether the recovery made late on Wednesday is sustained or some expiry related volatility will lead to a retest of Wednesday's low, which also happens to be the lowest since July 1.

-Both foreign and domestic investors continued to be net buyers in the cash market on Wednesday but that number could also be skewed due to the block deals seen in Delhivery and Mankind Pharma.

-Experts like Nagaraj Shetti of HDFC Securities believe that the near-term uptrend of the Nifty remains intact but the market seems to have started to show signs of profit booking between 24,400 - 24,500 levels.

-The GIFTNifty was trading with a premium of more than 40 points from Nifty Futures' Wednesday close, indicating a start in the green for Indian market.

-Stocks to track: Glenmark Life, Kesoram Industries, Tata Elxsi, Sula Vineyards, Power Grid, SBI, Nykaa, Sona BLW Precision

-Asian equities advanced after a rally in the world’s largest tech stocks lifted global shares to new highs ahead of US inflation data due later Thursday. Equities in Japan, Australia and China rose, echoing the bullish pulse on Wall Street on Wednesday.

-The S&P 500 and Nasdaq 100 each gained more than 1%, and a gauge of global equities also rose, all to records, spurred by the likes of Nvidia Corp. and Apple Inc. The S&P 500 has advanced in each of the past seven sessions, its longest winning streak since November.

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important updates ahead of the trading session of July 10

-The bulls continue to charge ahead. Yesterday, the Nifty closed above 24,400 for the first time and so far the index has gone up 1200 points in a month.

-Both FIIs and DIIs bouhth in the cash market yesterday.

-Auto majors Maruti and Mahindra & Mahindra, along with ICICI Bank and ITC led the index to newer peaks. ITC gained for the fifth day in a row, and is attempting a retest of its previous highs after a few months of sideways price action. The Nifty Auto index was also the top sectoral performer of the day, ending at record levels.

-The broader markets also moved in tandem with the benchmark indices but there were pockets that outperformed. Barring auto, PSU banks made a comeback after a few days of underperformance, while Pharma resumed its uptrend from the week gone by. IT and Metals had a dull day.

-Summarising the current market mood, veteran investor Vijay Kedia had a warning. He believes that the right adjective to describe the current market scenario is a "stampede" and not "euphoria" as it has gone beyond the latter. He added that market regulator SEBI will take some steps to stop this "frenzy."

-Emcure Pharma is set for listing today.

-The market is sitting in anticipation of further cues from the IT earnings that begin this Thursday or July 11.

-The focus remains on the globe as to how the US markets, having made new record highs almost every single day, react to Fed Chair Jerome Powell's testimony.

-Asian markets were mixed this morning. Shares in Australia and Japan fell Wednesday while Chinese futures pointed to gains ahead of key economic data after fresh highs of US equities. Hong Kong futures contracts rose earlier, following a Tuesday rally for mainland stocks and a gauge of US-listed Chinese shares.

-Overnight in the US, S&P 500 advanced for a sixth consecutive session, its longest winning streak since January, as traders held to bets the Federal Reserve will cut rates this year. The Nasdaq 100 also set a fresh record.

-Fed chief Jerome Powell was careful not to offer a timeline for rate cuts in comments to lawmakers on Tuesday. However, he emphasized mounting signs of a cooling job market after government data showed a third straight month of rising unemployment.

-GIFTNifty was trading with a premium of more than 5 points from Nifty Futures' Tuesday close, indicating a flat start but in the green for the Indian market this morning.

-Stocks to track: KDDL, Delhivery, Mankind Pharma, Infosys, Delta Corp, Rail Vikas Nigam, Adani Ports, Bank of Baroda, KIMS, Havells India, JSW Steel

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here all the important updates ahead of the trading session of July 9

-Nifty 50 has been holding steady around 24300 amid large buying from domestic institutions. Every instance that the index has seen a dip due to one stock or sector, another stock or sector has ensured it pulls it back higher.

-There has been no decisive move on either side as traders are content playing the range as of now. But the question is, for how long is this likely to continue? The index is awaiting a trigger on either side for a decisive move beyond this range.

-For today, GIFT Nifty was trading with a premium of 5 points from Nifty Futures' Monday close this morning, indicating a flat start for the Indian market.

-Stocks to track: Rail PSUs, Fertiliser, FMCG stocks, DOMS Industries, HUDCO, Reliance Industries, Godrej Consumer, IT stocks, financial stocks, Pitti Engineering, Jupiter Wagons, Mahanagar Gas, CONCOR, Senco Gold,

-Stocks in Asia edged higher ahead of Jerome Powell’s testimony to Congress and the start of the US earnings season. Equity benchmarks rose in Japan, Australia, and South Korea , while futures pointed to losses in Hong Kong after an index of Chinese shares in the US dropped on Monday. US futures gained in early Asian trading after the S&P 500 closed a fraction higher to set its 35th record this year. The dollar and treasuries were little changed.

-Traders will be focused on Powell’s testimony beginning Tuesday for guidance on the Federal Reserve’s outlook. He faces pressure from lawmakers growing impatient for interest-rate cuts and others who are unhappy with the Fed’s latest plan to boost capital requirements for Wall Street lenders.

-In commodities, oil was little changed this morning after a two-day decline as Hurricane Beryl looked less likely to pose major disruptions to crude infrastructure in Texas. Gold trimmed some of Monday’s 1.4% loss in early trading.

-In other news back home, incessant showers have been lashing Mumbai and adjoining areas, disrupting suburban train services and flight operations as normal life was thrown out of gear in the metropolis. For today, IMD has issued a red alert for the city where a holiday has also been declared for schools.

-CNN-New18 reports that top government sources say Russia has decided to discharge and facilitate return of all Indians working in the Russian Army after PM Modi took up the matter with President Putin

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important updates ahead of the trading session of July 8

-All of last week on the Nifty was dominated by two stocks and one theme. The two stocks being Reliance Industries and HDFC Bank, while IT was the theme that continued to hog the limelight. If one took the market higher, the other ensured that the gains were kept in check and vice versa.

-Now today, multiple stocks will react to their quarterly business updates that were reported on Friday and over the weekend such as Titan, IndusInd Bank, Marico, Dabur and others.

-Earnings season also begins in the upcoming week with TCS reporting results on July 11, followed by HCLTech on July 12.

-Asia-Pacific markets opened mixed this morning as investors awaited key economic data from the US and China later this week, while election results in France overnight signaled a hung parliament.

-Investors await the U.S. consumer price index reading, due Thursday stateside, to assess the Federal Reserve’s interest rate path, while China’s inflation figures on Wednesday will signal the state of the country’s economic recovery.

-On Friday in the US, the S&P 500 and the Nasdaq Composite rose to new highs, with both indexes posting a record close as the latest jobs report reignited hopes for rate cuts from the Federal Reserve. The broad market index advanced half a percent, while the tech-heavy Nasdaq gained almost a percent whereas the Dow Jones Industrial Average added 0.17%.

- Workers' union at Samsung Electronics in South Korea is set to stage a three-day strike from Monday and has warned it could take further action against the country's most powerful conglomerate at a later date.

-Prime Minister Narendra Modi is set to meet President Vladimir Putin in Moscow today, marking his first visit to the Kremlin since the invasion of Ukraine. Their meeting is significant as it’s the Indian premier’s first bilateral trip overseas since he was reelected for a rare third term in June.

-Heavy rainfall has lashed Mumbai, the financial capital and its surrounding areas overnight, and continued early in the morning. Many parts across the city are waterlogged, while the western express highway witnessed traffic congestion even before 7 am, including the roads leading to terminals 1 and 2 of the Mumbai airport. Local trains, the lifelines of Mumbai, were running late due to waterlogging and CSMT, Kurla-Vikhroli and Bhandup were among the most-affected stations. A holiday has been declared for the first session for all the schools in Mumbai. Decision on the second session will be taken soon.

Marketbuzz Podcast: Indian markets may see a slightly negative start according to the GIFT Nifty. Watch out for stocks like HDFC Bank, RBL Bank, Raymond.

Marketbuzz Podcast: Indian markets may see a gap-up start according to the GIFT Nifty. Watch out for stocks like Bajaj Finance, Vedanta, ITD Cementation.

Marketbuzz Podcast: Indian markets may see a gap-up start according to the GIFT Nifty. Watch out for stocks like HDFC Bank, Avenue Supermarts, Sun Pharma.