MarketBuzz

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of December 17

-The Nifty was back into consolidation mode on December 16, trading in a range and eventually ending with a negative bias, giving up some part of the huge recovery it saw on Friday. However, like it did before Friday's session of extremes, the Nifty respected both sides of the range on Monday as well.

-Nagaraj Shetti of HDFC Securities says that the near-term uptrend of the Nifty is intact and the market will eventually see an upside breakout of the 24,800 hurdle He continues to advise a buy on every dip with immediate support at 24,550 as the long-term weekly chart is still in an uptrend.

-GIFT Nifty was trading at a discount of over 70 points this morning versus Nifty Futures' Monday's close, indicating a start with cuts for Indian market.

-Stocks to track: Vedanta, Wipro, Indus Towers, Mindspace REIT, Gravita India, Adani Wilmar, Auto Component makers, GMR Airports, Gopal Snacks, Prataap Snacks, Bikaji Foods, Texmaco Rail, RVNL, RailTel, Varun Beverages, TCS, Mawana Sugars,

-22 central banks are about to declare their monetary policy decisions this week. This includes the likes of the US Federal Reserve, Bank of England and the Bank of Japan. While most of their interest rate actions are priced in by the market, their commentary on the road ahead is what is keeping the market participants nervous.

-Asian equities tracked gains on Wall Street this morning as traders awaited a raft of interest-rate decisions by central banks this week. A key stock benchmark for the region climbed, as did shares in Australia and Japan. Shares in Hong Kong opened lower while those in mainland China fluctuated, showing weak market momentum after soft retail sales data Monday. The moves came after a positive session on Wall Street, where the Nasdaq 100 gained more than 1% to reach another record high.

-The main focus remains Wednesday’s Fed decision, which will be followed by policy announcements in Japan, the Nordics and the UK this week.

-In the corporate world, President-elect Donald Trump announced that SoftBank Group Corp. planned to invest $100 billion in the US over the next four years during an event alongside Chief Executive Officer Masayoshi Son on Monday. Shares of SoftBank rose as much as 4%.

-Bitcoin rose to a record high on Trump’s support for digital assets and optimism about the upcoming inclusion of MicroStrategy Inc., an accumulator of the token, in a key US stock gauge.

-Oil steadied after a decline, after poor economic data from China reinforced concerns about weakening demand in the world’s biggest crude importer. Gold was little changed, holding on to a slight gain in its previous session.

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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 December 16

-Zakir Hussain is no more. The Tabla maestro's family has confirmed that the 73 year old succumbed to complications arising from idiopathic pulmonary fibrosis.

-On Friday, the Nifty recovered nearly 600 points from the lows of the day at 24,180 to end within touching distance of the higher end of the 24,500 - 24,800 range it found itself stuck in for the entire week before Friday. That came after a 350-plus points drop from the opening levels.

-The market action of Friday indicates a strong comeback of the bulls and more upside is expected in the near-term, said Nagaraj Shetti of HDFC Securities. The next upside target for the upcoming week is 25,200 with immediate support at 24,650, he added.

-All eyes for the this week will be on the US Federal Reserve's policy decision, where a 25 basis points rate cut from Jerome Powell and team is almost a done deal, but the focus will be on the commentary for the road ahead as to where the FOMC sees the interest rates in 2025, particularly after Donald Trump takes office on January 20.

-This morning, GIFTNifty was trading with a discount of nearly 80 points, indicating a gap-down start for the Indian market.

-Stocks to watch: Reliance Industries, Dixon Technologies, Lupin, Aurobindo Pharma, Premier Explosives, Axis Max Life Insurance, JP Power Ventures, JK Paper, Afcons Infra, JSW Energy, Bharat Forge

-Looking at global cues, most Asian stocks traded in narrow ranges early Monday ahead of a swath of Chinese data and following a vow from the nation’s regulators to stabilize markets. MSCI’s Asian benchmark was little changed as shares crept higher in Japan and Taiwan and were little changed in China. South Korean stocks erased earlier gains after President Yoon Suk Yeol was impeached on the weekend. US futures edged up after the S&P 500 closed almost unchanged Friday ahead of a policy decision by the Federal Reserve this week. Bitcoin rose to a fresh record.

-In commodities, oil edged lower, paring Friday’s rise as simmering geopolitical conflicts and the prospect of sanctions on Russia and Iran countered projections for a supply glut next year. Gold was little changed.

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Marketbuzz Podcast: Indian markets may open in the red according to the GIFT Nifty. Watch out for stocks like Tata Motors, Zomato, HAL and others.

Marketbuzz Podcast: Indian markets may open flat according to the GIFT Nifty. Watch out for stocks like Bajaj Housing Finance, Vedanta, Nuvama Wealth and others.

Marketbuzz Podcast: Indian markets may open flat according to the GIFT Nifty. Watch out for stocks like Avenue Supermarts, PB Fintech and Awfis Space Solutions.

Marketbuzz Podcast: Indian markets may open on a subdued note according to the GIFT Nifty. Watch out for stocks like Vodafone Idea, IGL, BEL and others.

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are the top news from around the world ahead of the trading session of December 6

-Yesterday, markets extended their recovery in a volatile session, gaining over 1% after a brief pause. Following a subdued start, a sudden surge in select heavyweight stocks mid-session lifted sentiment, although volatile swings in the final hour tempered momentum. Ultimately, the Nifty ended above 24,700, marking its highest closing level since October 21. Most sectors contributed to the rally, with IT, banking, and auto emerging as the top gainers. The IT index hit a record high, rising more than 2%, with Infosys and TCS leading the gains.

-Market volatility was largely induced due to uncertainty around MPC's policy meet and the RBI's focus on liquidity measures following a dip in economic growth, which is going to be the key focus today as governor Shaktikanta Das is set to announce the policy outcome at 10 am today.

-As of this morning, GIFT Nifty was higher, trading at a premium of more than 40 points from Nifty Futures Thursday close, indicating a start in the green for the Indian market.

-Stocks to watch: Afcons Infrastructure, Nykaa, Cummins India, Dr Reddy's Laboratories, Ola Electric, Ramco Systems

-The key thing to watch today will be the RBI policy outcome. A CNBC-TV18 poll of analysts expects RBI to hold rates whereas it could trim growth outlook.

-Asian equities tracked a drop in US shares ahead of jobs data that may help shape the direction of the Federal Reserve’s policy path later this month. Equities in Japan, Australia and futures in Hong Kong all fell, taking cues from the downbeat mood on Wall Street. The S&P 500 dropped 0.2% and the tech-heavy Nasdaq 100 slipped 0.3%, their first declines in five sessions.

-In commodities, oil was mostly unchanged after OPEC+’s decision to push back the revival of shuttered production by another three months failed to lift sentiment. Meanwhile, Chevron Corp. said it plans to slow production growth in the biggest US oil field next year. Gold held its declines.

-Bitcoin pulled back a record high with some traders already seeking to hedge against a deeper retreat after the original cryptocurrency surged to more than $100,000 for the first time. The digital asset held it losses after news that Donald Trump had named David Sacks as a White House czar for crypto and artificial intelligence.

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Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top news from around the world ahead of the trading session on December 5

-A quick recap: The Indian equity market gained for the fourth straight day, marking its longest winning streak in two months. The Nifty 50 shifted into consolidation on December 4 after a sustained up move over the past three trading sessions. While the index closed in the green, it ended off its intraday highs due to a tug of war between positive domestic factors and weak Asian cues.

-Despite a largely positive tone during the session, profit-booking in select heavyweights limited the upside. Sectorally, the performance was mixed, with banking and realty outperforming, while energy, auto, and FMCG faced selling pressure.

-Looking ahead, the market will closely monitor comments from Federal Reserve Chair Jerome Powell and the US jobs data, set to be released today.

-As of this morning, GIFT Nifty was lower, trading at a discount of nearly 50 points from Nifty Futures Wednesday close, indicating a start in the red for the Indian market.

-Stocks to track: Torrent Pharma, Indus Towers, IGL, Bharat Forge

-Global cues: Shares in Asia rose while currency markets opened Thursday on a note of relative calm as traders digested the effects of political crises in France and South Korea. Equities in Japan and Australia climbed, while those in South Korea fell as the country’s opposition party sought to impeach President Yoon Suk Yeol after he briefly imposed martial law. Shares in Hong Kong fell, while those in China were little changed.

-Overnight in the US, benchmark indices on Wall Street scaled new peaks after comments from Fed Chair Jerome Powell ahead of the policy announcement on December 18. The Dow Jones closed above the mark of 45,000 for the first time, the S&P 500 added 0.6% to close near 6,100, while the Nasdaq Composite outperformed, gaining 1.3%. The tech-heavy index is now 1.3% away from the 20,000 mark.

-In terms of commodities, oil steadied after a decline, with traders looking ahead to an OPEC+ meeting on Thursday that’s expected to see the cartel again defer a move to revive output in an already well-supplied market. Brent crude traded above $72 a barrel after sliding by nearly 2% on Wednesday, with West Texas Intermediate below $69.

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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 December 4

-First a quick recap, the Nifty 50 crossed the key resistance level of 24,350 during Tuesday's session. Last week, the index attempted to surpass this level four times but failed every time. After opening on a positive note, the Nifty gradually advanced throughout the day, reaching a one-month high as markets extended their recovery for a third consecutive session.

-In terms of sectors, heavyweights in energy, metals, and banking drove the rally, while defensive sectors like FMCG and pharma showed subdued performance. The broader market too has been showing strength with both mid and smallcap indices making gains for the last eight consecutive trading days. Most of the sectoral indices ended in the green.

-Now going forward, the market will watch out for the US job openings data and November services PMI data of India and the US, which will be announced today. Analysts expect markets to gain some momentum in the near term on the back of positive global cues, optimism around enhanced government spending and favourable monetary policy changes by the RBI.

-However, as of this morning, GIFTNifty was lower, trading at discount of more than 30 pts from Nifty Futures Tuesday close, indicating a start in the red for the Indian market

-Stocks to watch: M&M, IndiGo, RVNL, ONGC, EPACK Durables, Honasa

-Stocks in Asia declined after South Korea’s political turmoil triggered by a brief imposition of martial law caught global investors off guard. The benchmark Kospi Index fell as much as 2.3% on Wednesday after South Korea-related assets all dropped overnight. Equities opened lower in Hong Kong and mainland China, and also slipped in Tokyo. The won advanced after losses overnight in offshore trading.

-Global investors are looking to this week’s US payrolls report and Jerome Powell’s remarks for clues on whether the Federal Reserve will cut rates in December. The latest data showed US job openings picked up while layoffs eased, suggesting demand for workers is stabilizing. Fed Bank of San Francisco President Mary Daly said a rate cut this month isn’t certain, but remains on the table.

-Overnight, US markets had a choppy and mixed session as investors bought into a minor dip but largely chose to remain on the sidelines ahead of some key data points. The S&P 500 ended just above the flat line to notch its 55th record high of 2024, while the Nasdaq Composite outperformed with gains of 0.4% as Apple shares rose to a new record. The Dow Jones underperformed for the second day running, ending 80 points lower.

-In terms of commodities, oil steadied after the biggest advance in more than two weeks. Gold stabilized after rising on Tuesday as political turmoil in South Korea and France buoyed demand for haven assets.

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Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all top news from around the world ahead of the trading session of December 3

-On Monday, the markets started the week on a positive note ending in the green for the second consecutive day. The session opened weak due to disappointing GDP data but recovered as select heavyweight stocks across sectors gained momentum, driven by optimism over potential measures from the Reserve Bank of India (RBI) to support the economy in its upcoming MPC meeting. Broader market outperformed with both midcap and smallcap indices gaining more than 1% each.

-Nifty, meanwhile, climbed back to 24,250, led by Reliance Industries, Infosys and HDFC Bank. If the index sustains above 24,350, the index is expected to form higher highs and higher lows on the hourly chart, maintaining a positive short-term trend.

-Foreign institutions remained net sellers in the cash market on Monday, while domestic institutions were net buyers.

-Nagaraj Shetti of HDFC Securities believes the short term trend of Nifty remains positive. A sharp upside breakout is expected above 24,350-24,400 levels in the next couple of sessions. 

-Going ahead, Siddhartha Khemka of Motilal Oswal expects EV sector to be in focus after reports stated that the government is likely to evaluate a ₹9,000-crore initiative to boost the production of key battery components in India.

-For today, GIFT Nifty was flat this morning, indicating a muted start for the Indian market. 

-Stocks to watch: BPCL, Coal India, Cipla, KPI Green, Torrent Power, Solar Industries, KEC International, Muthoot Capital 

-Global cues: Asian shares rose to follow the upbeat tone on Wall Street where a rally in the world’s largest technology companies drove stocks to fresh all-time highs. Equity benchmarks gained in Japan, South Korea and Australia. Hong Kong and US futures were steady. The moves came after the S&P 500 notched its 54th closing record this year on Monday, and the tech-heavy Nasdaq 100 rose more than 1%. 

-Oil edged higher as traders watched for clues on OPEC+’s supply plans ahead of a key meeting this Thursday. Gold was steady, staying within a narrow trading range where it’s been for the past week.

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