MarketBuzz

For today there are a very mixed set of queues as far as BSE Sensex and Nifty 50 are considered.

While US markets ended Friday's session on a positive note, it's important to note that all of the US indices ended the week on by with cuts. Also, another important queue is the fact that oil prices now are trading near a nine month high. Brent futures have gone ahead and breached the $90 a barrel mark on the upward trend.

So oil prices continue to move higher, indicating a certain amount of worry, however Indian market continued to outperform in the last week.

On Friday, Nifty 50 saw the sixth straight session of gains aided by heavyweights.

In fact, Indian markets managed to outperform other emerging markets and even most developed markets. In last week the important trend was the fact that you actually saw metals PSU stocks, especially the CPSE index, as well as oil and gas stocks continuing to outperform.

Going into today's trading session there are quite a few important queues to keep an eye out for. Number one AMFI would be releasing the monthly data.

Also a company Rishabh Instruments would be listening today, Jupiter hospitals, this particular stock or this particular IPO company has actually been oversubscribed over 64 times on last day.

Furthr TVS supply chain the company that recently listed on its exchanges would be delivering its results today, Asian markets however, indicate a muted opening, but the GIFT NIFTY after adjustments actually indicates a slightly positive start and this will be something that we need to keep an eye out for.

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Indian benchmark indices — Sensex and Nifty 50 — are likely to make a subdued opening on September 8, tracking weakness in Asian peers and overnight losses on Wall Street after US jobless claims data renewed worries about interest rates staying higher.

India's GIFT Nifty on the NSE International Exchange was up 0.1 percent at 19,789.50 at 7:48 am.

Asian markets were down this morning while in the overnight session, Wall Street indexes slipped after a drop in weekly US jobless claims suggested interest rates may remain higher for longer.

The Nifty 50 and the Sensex extended gains for the fifth straight session on September 7, recovering nearly 2.5 percent from the near two-month lows hit late August. If the trend holds, the benchmarks are on track for their second straight weekly gain.

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

Indian benchmark indices — Sensex and Nifty 50 — are set for a muted opening on September 7, tracking weakness in Asian markets and overnight losses in the US amid rising Treasury yields.

India's GIFT Nifty on the NSE International Exchange was unchanged at 19,625 at 8:01 am.

Asian markets declined this morning, while Wall Street indexes fell after stronger-than-expected US services sector data suggested interest rates will remain higher for longer.

Brent crude prices continue to remain at around 10-month highs, with Brent crude at $90 per barrel.

In the last trading session, the Nifty 50 and the Sensex extended gains for the fourth straight session on Wednesday, recovering two percent from the near 2-month lows hit late August.

Meanwhile, the markets will also be watching out for the G20 Summit that kicks off over the weekend.

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

The Indian benchmark indices Indian benchmark indices — Sensex and Nifty 50 — closed in the green on September 5 for the third consecutive session. The midcap index ended at a record high.

However overnight, the global queues seemed to be a little bit sluggish and the US markets closed lower.

Global cues to look out for is the Brent Crude which has moved up to a 10-month-high this point in time and the Asian market which are largely mixed at this point.

The implied open for the Gift Nifty is indicating that it is going to be a little bit of a softest start for our markets to watch out for the flow picture because FIIs have net sold in the cash market for the second consecutive trading session.

Overall, the next couple of queues to watch out for would be the G20 summit which is on September 9 and 10.

Additionally, following that, there is the CPI data which will be out from the US as well as India on the September 12 and 13.

Another cue to look out for is the fed meet towards the third week of September.

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

Indian benchmark indices — Sensex and Nifty 50 — are set to open flat on September 5, after logging gains for two sessions, on hopes of a US Federal Reserve rate pause, China's support for its property sector as well as strong domestic macroeconomic data.

India's GIFT Nifty on the NSE International Exchange was up 0.01 percent at 19,600 at 7:55 am.

Asian markets declined, with the MSCI Asia ex-Japan index falling 0.84 percent ahead of key macro data from several countries including China. US markets were closed on Monday due to a local holiday.

Brent crude continues to hover at around $88 per barrel.
For the domestic market, Nifty 50 is indicating a slight negative start this morning. Railways and sugar stocks will be in focus.

The G20 meet is on September 9 and 10, which will be a big cue to watch out for through the week. The longer term cue continues to be the US Fed meeting on September 19 and 20.

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

Indian benchmark indices — Sensex and Nifty 50 — are set to open marginally higher on September 4, on hopes of a US Federal Reserve rate pause later this month and strong domestic macroeconomic data.

Kotak Mahindra Bank, sugar stocks, Jio Financial and Paytm will be in focus among other stocks.

This comes as Uday Kotak announced his resignation as MD and CEO of Kotak Mahindra Bank over the weekend, while sources say Uttar Pradesh is likely to raise the state advisory price of sugar, which may have an impact on sugar stocks.

The Indian markets started the September series on a strong footing, with the market posting its biggest single-day gain in two months on Friday. The India VIX, which is the volatility indicator, was down close to around six odd percent.

Macros seem to have supported the domestic markets. The GST collections for August were up 11 percent year-on-year. India's manufacturing PMI came in at a three-month high for August.

Global cues for the day remain intact. On Friday, the Dow and Jones closed more than 100 points higher, witnessing its best week since July. The US unemployment rate came in at 3.8 percent versus estimates of 3.5 percent. All these will be important data points for the US Fed, which meets later this month.

Asian markets were largely mixed this time. The GIFT Nifty is indicating a positive start.

Meanwhile, the G20 summit is scheduled for September 9 and 10.

Tune in to the Marketbuzz Podcast for more news and cues ahead of the session

Indian benchmark indices — Sensex and Nifty 50 — are set to open marginally lower on September 1, on caution ahead of a key US jobs report, which could influence the Federal Reserve's rate decision later this month.

India's GIFT Nifty on the NSE International Exchange was down 0.20% at 19,390 at 8:18 a.m. IST.

Wall Street equities were mixed overnight after the personal consumption expenditures (PCE) price index, the Fed's preferred measure of inflation, met expectations, easing rate concerns. Investors now await the non-farm payrolls report, due later in the day.

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The US markets closed higher yesterday with minor gains. The Dow Jones was up 0.1 percent, the S&P 500 gained 4 percent, the Nasdaq rallied close to around 0.5 percent. The Nasdaq closed higher for the fourth successive session. 

The US second quarter GDP was revised lower. The last estimate was for 2.4 percent  annualised growth, and now they are saying the second quarter GDP grew less than that at 2.1 percent, pointing to softer economic growth.

Also, the ADP jobs data showed the job addition,in August was 177,000. This is lower than economists expectations and sharply lower than the July number of 371,000. This jobs data is also seen as a precursor to the monthly data, which will be reported by the Labor Department on Friday. That will give us a clearer picture, it's the more track number.

The dollar index eased and is now currently just above 103-103.1. The crude prices inched up a bit and are now closer to $86. 

Yesterday, the Indian market started off trade higher, went to levels of 19,450, but retreated from that level to finally close absolutely flat. The 20-day moving average (DMA), which is 19,450 got rejected. This is going to be an important resistance level for a market. The support is going to be 19,229.

But today is the August series expiry. Now the last four series have been positive for the Indian market. If things close right now as they are then in August series we're likely to see a cut. The Nifty is down close to about 350 points in the August series.

Post market close today, is the July core and fiscal data deficit at 5pm as well as the domestic first quarter GDP data at 5.30pm. Economists estmate it to be a 7.9 percent growth.

The domestic institutional investors (DIIs) bought Rs 1,323 crore in the cash market, while the foreign institutional investors (FIIs) sold Rs 494 crore in the cash market. But again, the flows have been skewed by the multiple block deals and yesterday, you had a block deal coming through in Zomato, where Softbank sold a little more than 1 percent.

There are two important block deals yet again. The first one is Sula, where Verlinvest Asia is looking to offload around a 12.5 percent stake in a blockchain, which is sized at Rs 540 crore and the price indicator is about Rs 473  to Rs 508.

Medplus is also looking at block deal. The size is about Rs 860 crore and the seller could be Premji Invest and Lavender Rose.

There are two order wins as well. RVNL bagged a Rs 256 crore order from Maharashtra Real Corp and the other is BHEL, which bagged an order to set up a super thermal power project at Chhattisgarh. 

Nazarat Tech has said there is a board meeting on Septemebr 7 and they will consider issuance of equity on a preferential basis. Aeroflex Industries will be listing today. The issue price is Rs 108 per share. It was heavily subscribed — 97 times. 

Indian benchmark indices — Sensex and Nifty 50 — are likely to make a subdued start on August 30, a day after the government announced a Rs 200 price cut on LPG prices. Therefore, market participants will await how oil market companies (OMCs), including Indian Oil, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited will react to the development. 

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

GIFT Nifty is suggesting a positive start to the Indian markets. US markets have ended in the green with gains of around 0.6 to 0.8 percent.

The rally continues in Hang Seng. Over the weekend, China had cut the stamp duty on stocks, so it spurred a rally in Asian markets, particularly Hang Seng and Shanghai.

This morning, the strength continues in markets like Hang Seng.

Yesterday, in the second half of the trading session, as Reliance Industries stock price came under pressure, markets gave up from the day's high and finally ended closer to 19,300, a gain of about 0.2 percent.

The resistance level for a market has emerged to the 50 day moving average aroun d the 19,380 mark, that was also around the intra-day high yesterday.

On the way down, 19,200 19,250  has emerged as a support level. On Friday, the Intraday low was 19,229, on Monday, the intra-day low was 19,250. Over the last 10 sessions, Nify has taken support between 19,200 and 19,300 five times. So, in this consolidation band, the 19,250 level has emerged as an important support level,

Today is also the weekly Fin Nifty expiry, tomorrow is the first quarter GDP print, Thursday is the August series expiry and Friday the August auto sales numbers will be out.

In terms of flows, the domestic institutional investors (DIIs) net bought Rs 1,264 crore in cash on Monday, while foreign institutional investors (FIIs) net sold Rs 1,393 crore in the cash market.

The stocks that should be on your radar include Gokuldas Exports because the company has entered an agreement to acquire an apparel manufacturer,

lots of stock should be on a radar go exports because the company has gone ahead and entered into an agreement to acquire an apparel manufacturer Atraco Group for $55 million. The latter has a very strong market position in US and Europe. The product range includes shorts, pants, shirts, t-shirts, dresses, blouses, etc. The company will be funding this via debt and internal accrual. So the Street is quite excited with the prospect.

NBCC and SJVN have won orders. For SJVN it is a letter of acceptance, for NBCC it is a Rs 66 crore order win.

For APL Apollo Tubes we understand the promoter is likely to sell some stake in the company for approximately Rs 400 crore, which is around 0.85 percent of the equity. The base issue is Rs 300 crore, but there is a green shoe option of  Rs 116 crore.

PG Electroplast has also launched a QIP to raise Rs 500 crore. The implied dilution is around 14 percent.

Zomato witnessed a big block deal yesterday. Tiger Global has sold 1.4 percent of its stake in it.

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