MarketBuzz

Indian benchmark indices — Sensex and Nifty 50 — are likely to open with minor gains on October 11, tracking global peers amid easing US rate concerns and stability in oil prices.

In the previous session on October 10, the Nifty 50 closed just shy of 19,700. There was a 0.9% move in Sensex and Nifty 50 while IT caps outperformed with 1.4%.

Meanwhile, on Wall Street, the S and P 500 gained half a percent and the Nasdaq rallied 0.7%. This was on the back of the easing of the U.S. 10-year bond deal and oil prices that have remained steady despite the conflict continuing in the Middle East. Oil prices have been steady for the last two days with Brent currently hovering around $88 per barrel.

In the domestic market, the level to watch on the Nifty immediately will be the 20-day moving average at 19,769.

Among stocks, TCS will be tracked even as its results for the September quarter will be released only post-market. It is likely to be a muted quarter with just 0.8% sequential top-line growth, according to a CNBC-TV18 poll of analysts. The focus will be more on the commentary as the street expects a recovery in the 2024-25 fiscal.

Another thing to track would be the buyback that the company said it would consider today.

Delta Corp will also announce its quarterly earnings later in the day.

Meanwhile, Bank of Baroda has banned the onboarding of new customers on its mobile app, which is to moderate the pace of new customer acquisition to some extent.

Also, confirming the CNBC-TV18 newsbreak, MCX has said it will go live with its new platform on October 16.

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Indian benchmark indices — Sensex and Nifty 50 — will likely open in green on October 9, following the slump in the previous session in which the Nifty 50 almost slipped to levels of 19,500.

The gains in the domestic markets shall come given the rebound in the global markets though Middle East tensions continue. The conflict between Israel and Hamas continues to intensify but the global markets are now shrugging off the weakness.The US markets ended with strength.

Dallas Fed President Lorie Logan said the recent rise in long-term U.S. Treasury yields, and tighter financial conditions more generally, could mean less need for the Federal Reserve to raise interest rates further.

Meanwhile, the GIFT Nifty is also suggesting a positive start for the domestic market

Stocks to track: Dr Reddy, IDFC First Bank, Glenmark Lifesciences, Mazagon Dock, Hindustan Zinc

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Indian benchmark indices — Sensex and Nifty 50 — are likely to make a gap-down opening on October 9.  

Though the trading session of October 6 ended on a positive note, the geopolitical tensions in Israel may halt the two-day rally of Nifty 50. 

The Nifty 50 closed above 19,600 in the previous session, half a percent rise. Wall Street in the US too witnessed a solid session following stronger-than-expected jobs data. 

Over the weekend, Palestinian group Hamas launched a surprise attack on Israel, and the conflict has dragged down for the third consecutive day.

Following the attack, crude prices have already started rising. Brent crude has risen 4% overnight to above $88 a barrel on the back of the Israel-Hamas skirmish.

The question is, whether this conflict is more localized or if will it broaden out regionally to engulf oil-producing countries like Iran.

If that's the case, it needs to be seen whether net-importing countries like India will also underperform also.

Stocks to Watch: TCS, Titan, MCX, HDFC Bank, Reliance Industries and more

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Indian benchmark indices — Sensex and Nifty 50 — are likely to start the trading session of October 6 on a flat note, though it’s a key session to watch Reserve Bank of India (RBI) governor Shaktikanta Das is due to announce the bi-monthly Monetary Policy decision at 10 am.

While the consensus is that RBI shall keep key interest rates and its withdrawal stance unchanged, the central bank governor’s commentary is key to track.

The second factor to watch is the September jobs data of the United States. In the overnight session, all indices ended flat but macro indicators moved a bit to tumble lower.

Crude prices, meanwhile, are below $84.5 per barrel, 2% down compared to the previous day. It's also down 12% at a fresh five week low.

The session of October 6 was a fairly good one for the domestic market, largely steady.

Stocks to watch: Bajaj Finance, PB Fintech, Adani Wilmar, Tata Motors, Godrej Consumer

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Indian benchmark indices — Sensex and Nifty 50 — are likely to start the trading session of October 5 with minor gains even as the domestic market started the month on a weak note.

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Indian benchmark indices — Sensex and Nifty 50 — are likely to start the trading session of October 4 on a weak note, tracking global peers.

On Wall Street on October 3, there was a steep selloff seen across all three indices — Dow Jones, S, and P 500 as well as NASDAQ.

Oil prices, meanwhile, rebounded from three-week lows. Brent crude futures hovered around the $90.61 a barrel mark this morning.

In the domestic market, the Nifty 50 managed to hold on to the 19,500 level on October 3.

The front line indices ended with cuts but the broader end of the markets outperformed witnessing significant recovery and managing to end with the green.

Key stocks to watch on October 4: Avenue Supermarts, SAIL, Adani Enterprises, Bajaj Finance, Mahindra Finance

Tune in to the Marketbuzz Podcast for more news and cues

Indian benchmark indices — Sensex and Nifty 50 — are likely to start the trading session of October 3 on a subdued note, tracking global cues.

The US stock market ended with cuts even as the government shutdown was averted. In fact, all indices on Wall Street ended September with deep cuts.

Meanwhile, oil prices that saw a significant surge in the last two to three months have witnessed a bit of selling pressure over the last few sessions. Brent crude was trading near the $88.82 a barrel mark.

In the domestic stock market, there was significant selling pressure on September 27 and September 28, however, the market managed to bounce back in style on September 29 and ended September on a strong note. The pharma index and the metal pack were among the top gainers in the session while the IT index was among the top underperformers.

In the trading session of October 3, the shares of JSW Infra, the second largest sports company in India, will make their debut on the exchanges.

As most auto companies have declared monthly auto sales numbers and banks too have reported quarterly performance, auto and banking stocks will be in focus today.

Meanwhile, Chinese markets are shut for the entire week on account of regional holidays.

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Indian benchmark indices — Sensex and Nifty 50 — are likely to open slightly higher on September 29, tracking gains in Asian peers as global markets stabilised from a recent sell-off, while crude prices eased from 10-month highs.

India's GIFT Nifty was mostly unchanged at 19,636 points at 8:05 am on the NSE International Exchange.

In the trading session on September 28, the markets were unable to sustain gains. The Nifty 50 ended at a nearly one-month closing low on the expiry day with 43 out of 50 stocks closing in the red. However, for September overall, the Nifty 50 was higher by around a percent and a half.

The markets in the past few trading sessions seemed to have been weighed down by cues such as higher Brent crude prices, the idea of higher for longer rates, higher yield and dollar, and concerns emerging on China's property market.

However, in the overnight session, crude oil prices softened a tad bit and US markets ended higher. Europe also snapped its five-day losing streak.

Meanwhile, Asia markets were trading largely higher this morning, implying a rebound.

The Reserve Bank of India (RBI) policy is due next week from October 4-6.

Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are likely to make a flat start in the trading session of September 28, as global markets continue to weigh down sentiment. Investor confidence worldwide is experiencing a dip, primarily due to the surge in crude oil prices and rising yields. Brent crude prices have surged to approximately $97 per barrel, marking the highest level witnessed in 2023, attributed to factors like a constrained global supply.

In the recent overnight session, the US market witnessed a downturn, while European markets concluded at a six-month low. Asian markets, on the other hand, demonstrated a mixed trend. Notably, in China, property developer Evergrande Group has decided to halt trading in Hong Kong, along with its electric vehicle and property services divisions, following reports suggesting the arrest of founder Hui Ka Yan by authorities.

Adding to the mix, as September approaches its end with two trading sessions remaining, Indian equities are on track to experience their first outflows from Foreign Portfolio Investors (FPI) in seven months. FPIs have withdrawn over $1.5 billion from Indian equities this month, prompted by rising bond yields and a stronger US Dollar, leading them to exercise caution and reevaluate their positions.

September 28 also marks the settlement day for the futures and options contract for the September series. On the macroeconomic front, India's core industry data is scheduled for release later in the day, while globally, the US GDP and initial jobless claims are awaited for further insights.

Tune in to the podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are projected to commence the trading session on September 27 on a negative note, mirroring the trend in global markets.

On Wall Street, the Dow recorded its most significant one-day percentage decline since March, with all three major averages closing at their lowest levels in over three months. The Dow Jones Industrial Average fell 1.14 percent, the S&P 500 lost 1.47 percent and the Nasdaq Composite dropped 1.57 percent in the overnight session. This dip was influenced by weak economic data, including new home sales and an unexpected decline in consumer confidence.

Asian stocks displayed a mixed trend on the morning of September 27, while US Treasury yields hovered near multi-year highs, reflecting concerns among investors about both stocks and bonds due to apprehensions regarding prolonged higher interest rates.

Meanwhile, GIFT Nifty suggested a flat start for the domestic market.

The September 26 session was a range-bound session with the Nifty 50 trading in the 19,006 50 to 19,700 range. The index ended at 19,665, a cut of 10 points while the Sensex slipped 78 points to 65,950.

Despite this, it's worth noting that Indian markets have showcased notable resilience throughout the month, currently being ranked as outperformers, with an increase of approximately 2.1 percent. The mid-cap index has notably surged by 3.1 percent, diverging from the downward trend observed in global markets.

The upcoming expiry session on September 28 holds significance, and market watchers are keen to observe whether Indian markets will continue their outperformance. Key stocks under focus for the day include Century Textiles, REC, and Punjab National Bank.

Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session