MarketBuzz

Welcome to CNBC-TV18’s Marketbuzz Podcast, here are all the important cues ahead of the trading session of June 3

-In what is likely to be one of the most interesting sessions of the year or even more, the Gifty Nifty suggests not just a record high for Nifty but a start with gains of more than a whopping 500 points.

-Before the final D-Day tomorrow that is the result day of Lok sabha elections 2024, exit polls on Saturday forecast a historic third term for Prime Minister Narendra Modi. The exit poll results were also on similar lines of market anticipation.

-Most exit polls released predict a historic third term for Prime Minister Narendra Modi. The Bharatiya Janata Party-led National Democratic Alliance (NDA) is projected to secure more than 350 seats, comfortably crossing the halfway mark in the Lok Sabha. Although it may fall short of the ambitious '400 paar' target

-An exit poll conducted by News18 Poll Hub is expecting the National Democratic Alliance (NDA) to win between 355 - 370 seats for the Lok Sabha elections. The Bharatiya Janta Party (BJP) is expected to win between 305 - 315 seats, which is nearly at par or slightly higher than the 303 seats the party won in 2019.

-The Nifty had a forgettable last week as investors chose to book profit from record levels and wait for the exit polls outcome by sitting on the sidelines. The index ended 2% lower in the week gone by. Investors lost over ₹8 lakh crore courtesy of the weakness seen last week. However, they might look to recover most of that sooner or later, after the exit poll outcome.

-Expert commentary is key to watch today, Prashant Khemka of White Oak Capital believes that the Nifty will be hitting levels of 50,000 in the next five years, which is more than double of where it currently is. Raamdeo Agrawal, Chairman and Co-founder of Motilal Oswal Group, believes this could mark the beginning of a 'higher for longer' market rally, especially if the BJP achieves its '400-paar' target.

-Among the sectors that brokerages have bet on that are likely to be the key beneficiaries on the continuation of the current government would be PSUs, railways, defence, and other manufacturing and capex oriented sectors. Raamdeo Agrawal of Motilal Oswal though, expects the banks to emerge as the outperformers. CLSA also prefers larger banks due to the valuation comfort.

-Stocks to watch: Hero MotoCorp, Tata Motors, Maruti Suzuki India, TVS Motor, Mahindra & Mahindra, Ashok Leyland, Eicher Motors, Escorts Kubota, defence PSUs, railway stocks, Adani Ports, Canara Bank, Welspun Corp, Aurobindo Pharma, MOIL, Coal India, Ashoka Buildcon, REC, Inox Wind, Aarti Pharmalabs

-On the global front, Asia-Pacific stock markets mostly rose Monday ahead of a private survey on China’s manufacturing sector. Wall Street futures were calm ahead of the first trading day in June, with the Dow Jones Industrial Average futures up 25 points, or less than 0.1%. S&P 500 futures were flat, and Nasdaq 100 futures were down 0.1%.

-Oil extended losses this morning after OPEC+ set out a plan to restore some suspended production as early as October, despite concerns over the demand outlook and robust supply from outside of the group.

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Marketbuzz Podcast: Indian markets may see a positive start according to the GIFT Nifty. Watch out for stocks like Apollo Hospitals, Muthoot Finance, Bharat Dynamics.

Marketbuzz Podcast: Indian markets may see a gap down start according to the GIFT Nifty. Watch out for stocks like Tata Steel, Cummins India, Bata India.

Marketbuzz Podcast: Indian markets may see a gap down start according to the GIFT Nifty. Watch out for stocks like Aditya Birla Fashion, IRCTC, NBCC and more.

Marketbuzz Podcast: Indian markets may see a subdued start according to the GIFT Nifty. Watch out for stocks like LIC, Adani Energy Solutions, Timken India and more.

Marketbuzz Podcast: Indian markets may see a subdued start according to the GIFT Nifty. Watch out for stocks like Divi's Laboratories, NTPC, LIC and GMR Airports.

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are the important cues ahead of the trading session of May 24

-With nearly a fortnight left for the results of Lok Sabha polls, benchmark stock indices Sensex and Nifty zoomed more than 1.6% to close at lifetime high levels, making investors richer by Rs 4.28 lakh crore.

-Regaining the 75,000 level, the BSE Sensex ended at an all-time peak of 75,418.04, up by almost 1200 points. The NSE Nifty inched closer to the 23,000 mark during the day. It ended 370 points higher.

-The market may have made new records but the VIX has not cooled off in equal proportion. Although the index ended 0.4% lower on Thursday, it remains above the mark of 21 and analysts suggest that it will continue to remain at elevated levels till the results for the Lok Sabha Elections are declared on June 4.

-Stocks in focus: Bikaji, JK Lakshmi Cement, Zaggle Prepaid, ITC, Page Industries

-Results: Hindalco, Bosch, Torrent Pharma, United Spirits, Ashok Leyland, Glenmark Pharma, Manappuram, Karnataka Bank, Bharat Dynamics

-Overnight in the US, the Dow Jones Industrial Average marked its worst session of the year as it slid 1.53%, with aircraft manufacturer Boeing falling 7.6% — the biggest laggard in the index.

-The S&P 500 dropped 0.74%, and the Nasdaq Composite  tumbled 0.39%. Earlier in the session, both the broad-market index and the tech-heavy benchmark had hit record highs.

-Asian stocks this morning tracked Wall Street lower following activity data that signaled the Federal Reserve may keep rates on hold for most of this year.

-In commodities, oil steadied on Friday after slipping in its previous session as traders weighed signs of a weakening physical market ahead of the start of the US summer driving season. Elsewhere, gold held Thursday’s loss following the US economic data.

-GIFTNifty was in green, trading marginally higher from Nifty Futures Thursday close, indicating a muted but most likely a start in the green for the domestic market.

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Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important cues ahead of the trading session of May 23
 
-Nvidia results are out and no estimates are enough. The AI-giant surged past all of them during its quarterly results. Shares surged past the $1,000 mark for the first time in extended trading. A 10-for-1 stock split, meaning division of one share into 10 has also been announced. NVIDIA will also pay a quarterly dividend of 10 cents, a 150% boost. For the quarter, NVIDIA reported revenue of $26.04 billion and Its Earnings per Share of $6.12 also surpassed the $5.59 estimate.

-Overnight in the US, the Dow Jones Industrial Average saw its worst day in May and declined 0.51%, while the S&P 500 lost 0.27% and the Nasdaq Composite dropped 0.18%.
Minutes from the policy meeting of the Federal Open Market Committee have indicated apprehension from policymakers about when it would be time to ease.

-This morning, Asia-Pacific markets were mixed after minutes of the last U.S. Federal Reserve meeting revealed Fed officials’ concerns over sticky inflation, with members seemingly getting cold feet on possible interest rate cuts.

-Oil prices eased for a fourth straight day today on worries that U.S. borrowing costs could be hiked again if inflation surged, a move that could hurt oil demand.
Brent crude futures fell 27 cents, or 0.3%, to $81.63 a barrel

-In the previous session, the Nifty gained for the fifth day in a row on Wednesday. It is now at the make or break level of 22,600, sustaining above which will open the doors for the index to make newer highs.

-Thursday will be the weekly options expiry of the Nifty 50 contracts, which will be the penultimate weekly expiry for the May F&O series. The move seen by the Nifty in the last five sessions has ensured that the index has turned positive for the series, only by just, but has turned positive nonetheless.

-The market does remain in a wait and watch mode for the Lok Sabha election results. Even as the Nifty continues to edge higher, there is no significant move on either side on the index.

-Stocks to watch: Gland Pharma, Jubilant Foodworks, Grasim, Garden Reach Shipbuilders, Power Grid, Metro Brands, and Minda Corp.

-Results: ITC, Barbqeue Nation, Cello World, Finolex Cables, Fortis Healthcare, Honasa Consumer, Schneider Electric, Orchid Pharma, Tega Industries, Steel Strips Wheels, TD Power

-GIFT Nifty traded with a discount of more than 10 points from Nifty Futures' Wednesday close, indicating a flat-to-negative start for the Indian market.

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Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important cues ahead of the trading session of May 22

- Traders in India's stock markets saw a rangebound session" for the Nifty. The index found support at the lower end of the trading range at 22,400 and resistance at the upper end of the range at 22,600, eventually eking out modest gains to sustain above the 22,500 mark.

-This morning, GIFT Nifty was trading with a premium of more than 15 points from Nifty Futures' Tuesday close, indicating a flat-to-positive start for the Indian market.

-For the mid-week trading session on Wednesday, stocks like BHEL, Metropolis, JK Tyre, VA Tech Wabag, Gulf Oil Lubricants will react to their results that were reported after market hours on Tuesday.

-Wednesday's session will also see Nifty names like Sun Pharma and Grasim report results along with broader market names like Nykaa, Petronet LNG, Jubilant Foodworks, Metro Brands, Gland Pharma, Ramco Cements, Garden Reach Shipbuilders, among other prominent names.

-Globally, Nvidia is the talk of the town at AI events leading into this week’s earnings.T his week, Microsoft, which provides servers to OpenAI, will announce new AI advancements and features that were developed on the company’s massive clusters of Nvidia GPUs. The company is hosting its Build conference in Redmond, Washington.

-Overnight in the US, all three indexes closed in positive territory, with the S&P 500 and the Nasdaq Composite closing at new records as investors looked toward AI darling Nvidia’s earnings report. The Nasdaq Composite rose 0.22% to 16,832.62. The S&P 500 added 0.25% to 5,321.41. The Dow Jones Industrial Average closed 0.17% higher at 39,872.99.

-Asian stocks struggled for solid footing amid a lack of local drivers after the S&P 500 crept to another record ahead of results from giant chipmaker Nvidia Corp. Shares in Japan fell as the country reported a trade deficit, while those in Australia climbed. Equity benchmarks in Hong Kong and mainland China slipped at the open. MSCI Inc.’s Asia Pacific index is down for a second day after a seven-session win streak.

-Stocks to watch: BHEL, Metropolis, JK Tyre, VA Tech Wabag, Gulf Oil Lubricants

-Results: Sun Pharma, Grasim report, Nykaa, Petronet LNG, Jubilant Foodworks, Metro Brands, Gland Pharma, Ramco Cements, Garden Reach Shipbuilders

Tune in to Marketbuzz Podcast for more cues

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important cues ahead of the trading session of May 21

-It’s a truncated week as the markets were closed on Monday due to voting in Mumbai in the fifth phase of Lok sabha elections 2024.

-In the special trading session on Saturday,  the Nifty clawed back above the mark of 22,500, which is one of the two levels the charts were pointing towards once the index sustained above 22,300. All of the losses from the week earlier were recovered as it went up 2% in the extended week gone by, bringing the Nifty back to where it was at the start of the month.

-The Nifty Bank has now sustained above the level of 48,000 for two days in a row and chartists have been wanting the index to sustain above that level for a potential move towards 48,500 on the upside. The index has gained in five out of the last six trading sessions and managed to recover half of the 3.1% fall it had in the week prior to last.

-The other positive aspect for the domestic market is that foreign institutions turned net buyers in the cash market during Friday's trading session. This happened for the first time in the month of May.

-Results today: BHEL, NMDC, PI Industries, IRCON, JK Tyre, GSFC, Metropolis, Laxmi Organic, VA Tech Wabag, Gulf Oil

-Stocks to watch out for are SAIL, Ujjivan Small Finance Bank, Anupam Rasayan, India Cements, Whirlpool of India, City Union Bank, Lupin, Biocon, Oil India, Patanjali Foods

-Overnight in the US, the Dow Jones Industrial Average lagged the broader market, in contrast to the Nasdaq, as JPMorgan Chase led losses.

-All eyes will now be on Nvidia that reports earnings on wednesday. Nvidia shares gained more than 2% overnight on multiple bullish analyst calls that highlighted the company’s preeminent market position.

-Asia-Pacific markets started mixed this morning. Investors in Asia will be watching for any spillover effect on companies up and down Nvidia’s value chain, such as Taiwan’s TSMC and Foxconn, as well as South Korea’s Samsung Electronics and SK Hynix.

-Oil prices fell in early Asian trade this morning, with investors anticipating higher-for-longer U.S. inflation and interest rates will depress consumer and industrial demand. Brent crude futures declined to $83.34 a barrel.

-GIFT Nifty traded with a premium of more than 60 points this morning from Nifty Futures' Friday close, indicating a start in the green for the Indian market

Tune in to the Marketbuzz Podcast for more cues