MarketBuzz

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of December 2

-Going ahead, the market will react to the weak Q2 GDP data for India, which came at 5.4%, against an expectation of 6.5% and also China’s manufacturing PMI, which rose to 50.3 in November, signaling accelerated expansion.

-Just as the bulls were preparing for a comeback of sorts for the Nifty in the December series on Friday, then came the second quarter GDP numbers which turned out to be well below expectations.

-Nagaraj Shetti of HDFC Securities believes the upside bounce of Friday is indicating a comeback of bulls after one day of decline. Further up move is expected from here and Nifty is likely to challenge the immediate hurdle of 24,350 and move higher by next week.

-This morning, the GIFTNifty was trading with a premium of 60 points from Nifty Futures' Friday close, indicating a gap-up start for the Indian market.

-Stocks to track: Cochin Shipyard, KEC International, Adani Enterprises, RBL Bank, Bajaj Finance, auto stocks

-Asian stocks edged higher after US shares rose Friday as global markets enter a seasonally strong period. The euro weakened amid a dispute over the French budget. The MSCI gauge of Asian shares headed for a second day of gains with benchmarks in South Korea and Australia among those gaining. The euro slipped after France’s far-right leader Marine Le Pen gave the strongest indication yet that she’s prepared to topple the government as soon as this week.

-Emerging market assets including China’s yuan and South African rand may face volatility after US President Donald Trump warned BRICS nations he will require a commitment that they won’t create a new currency, or favor another in a bid to displace the US dollar in global trade. Should they not meet Trump’s demands, he threatened to lob 100% tariffs on their goods entering the US.

-In commodities, oil rose in early trading amid heightened Middle East tensions.

-Adani Group founder Gautam Adani responded for the first time to allegations by US authorities that he was part of a $265 million bribery scheme, saying that his ports-to-power conglomerate was committed to world class regulatory compliance. The indictment is the second major crisis to hit Adani in just two years, sending shockwaves across India and beyond. Meanwhile, the Indian government has termed the issue “legal matter involving private individuals and private entities and the US Department of Justice”.

-Devendra Fadnavis is leading the race for the Maharashtra CM post
 
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Marketbuzz Podcast: Indian markets may open in the green according to the GIFT Nifty. Watch out for stocks like IRFC, Varun Beverages, NHPC among others.

Marketbuzz Podcast: Indian markets may open in the green according to the GIFT Nifty. Watch out for stocks like Ola Electric, PSU stocks, Wipro and more.

Marketbuzz Podcast: Indian markets may open marginally higher according to the GIFT Nifty. Watch out for stocks like Adani Group stocks, Zomato, Swiggy and others.

Marketbuzz Podcast: Indian markets may open strongly in the green according to the GIFT Nifty. Watch out for stocks like Reliance Industries, HDFC Bank, Zomato and others.

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of November 22

-The Indian equity market reversed Tuesday’s gains on Thursday, with the Nifty ending at a five-month low. The tone was negative from the beginning, however, buying in select heavyweights from the IT and banking sectors helped limit the decline as the day progressed. Consequently, the Nifty index traded within a range for most of the session, settling at the 23,349 level. On the sectoral front, realty and IT performed well, while energy, metals, and FMCG sectors closed in the red.

-Adani Group stocks slid as a US court indicted Gautam Adani and other group executives on charges of bribery related to certain solar projects. At their lowest point, the Adani Group's cumulative market capitalisation had declined by ₹2.6 lakh crore. Shares of Adani Group companies fell between 7% and 23% today.

-The foreign portfolio investors have been relentlessly selling Indian equities with nearly ₹35,000 crore outflow in November month till date, which has been among the key reasons behind the recent market downtrend.

-Meanwhile, for the day, the Gift Nifty remains volatile too. It was trading at a premium of more than 100 pts from Nifty Futures Thursday close earlier in the day. However, at the time of recording the podcast it slipped to the red and was 30 points down, indicating a lower opening for the equity market.

-Stocks to watch: SJVN, Afcons Infrastructure, LIC

-Asian equities rose this morning following gains on Wall Street as investors shook off initial concerns over Nvidia Corp.’s revenue outlook. The dollar gained. Shares in Australia, Japan and Hong Kong rose while those in China fluctuated after an index of US-listed Chinese stocks fell 1% Thursday.

-Bitcoin set a fresh high, climbing past $98,000 on bets President-elect Donald Trump’s support for crypto and a looser regulatory environment will usher in a boom for the industry.

-Meanwhile, geopolitical tensions continued to simmer as Russia said it had launched a new kind of ballistic missile into Ukraine, boosting oil and gold prices. West Texas Intermediate gained for a second day. Gold rose for a fifth straight 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 November 21

-While yesterday was a stock market holiday on account of voting in Maharashtra, the Nifty50 finally broke its seven-day losing streak—the longest in over 20 months — on Tuesday. Despite a strong opening and a positive first half, a sharp sell-off in the latter half wiped out the day’s earlier gains, reportedly triggered by news of Ukraine's strike inside Russia.

-Today's trading session will also see whether the Nifty 50 bulls are able to defend the 23,500 mark on the downside, particularly on the Nifty expiry day.

-Meanwhile, Deepak Jasani of HDFC Securities expects Nifty to form a higher low before embarking on a sustainable bounce. 23350-23815 could be the band for the Nifty over the near term, he says. Religare Broking's Ajit Mishra said the Nifty's movement reflects that bears are firmly in control, using every rebound as an opportunity to short.

-This morning the GIFT Nifty was higher, trading at a premium of nearly 90 pts from Nifty futures Tuesday close, indicating a gap-up start for the Indian market.

-Stock to track: UPL, Dr Reddy’s, Tata Power, Garden Reach Shipbuilders & Engineers, Aditya Birla Capital, JSW Steel, Aegis Logistics, Adani Infra

-Asian equities declined in early trading, reflecting a muted mood on Wall Street that was amplified by Nvidia Corp.’s lackluster revenue forecast. Shares in Japan and South Korea fell alongside Hong Kong equity futures. Contracts for US benchmarks declined Thursday in Asian trading after falling on Nvidia earnings. The chip giant met third-quarter revenue and earnings expectations, but failed to meet the highest estimates for future revenue. Shares in Australia were slightly higher.

-The tepid response to Nvidia’s earnings may ripple across global markets, given the size of the world’s largest company by market value and its role in the artificial intelligence boom. Shares of South Korea’s SK Hynix, which is a supplier of Nvidia, rose as much as 0.9% in Seoul.

-Meanwhile, investors in Asia will also be looking to gauge the effect of a US indictment of Gautam Adani and other executives over the alleged payment of more than $250 million in bribes.

-On the other hand, Bitcoin set another all-time high, supported by a series of developments highlighting the deepening embrace of the digital-asset industry in the US under crypto cheerleader Trump. The world’s largest cryptocurrency is fast approaching $100,000, helped along by MicroStrategy Inc.’s massive purchases.

-Gold was up early Thursday, notching its fourth daily advance. Oil prices also climbed after retreating Wednesday.

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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 November 19

-The Nifty index recorded its seventh consecutive day of losses on November 18, marking its longest losing streak since February 2023. The index closed 0.34% lower to settle at 23,453, slipping below its 200-day moving average.

-The Nifty IT index fell sharply by 2.3%, as comments from Federal Reserve Chair Jerome Powell, signaling a slower pace of rate cuts, weighed on domestic IT sentiment. Meanwhile, the Nifty Metal index outperformed, climbing 1.9% after China announced the withdrawal of export tax rebates on select aluminum and copper products. The move is expected to tighten global supply, benefiting Indian producers.

-Besides, Honasa Consumer shares were locked at the 20% lower circuit limit at ₹297.25 following a disappointing earnings report. The stock has declined 30.36% year-to-date, making 2024 a challenging year for the company.

-With Q2 earning season coming to a close and FII selling continuing, analysts expect Nifty to consolidate within a broad range due to the absence of any positive trigger.

-Today's trading session will also see the opening of the ₹10,000 crore IPO of NTPC Green Energy. The price band is fixed between ₹102 and ₹108 per share. The offering comprises entirely fresh equity shares with no Offer for Sale (OFS) component. This IPO is the third-largest of 2024, trailing Hyundai Motor India and Swiggy.

-This morning the #GIFTNifty was higher, trading at a premium of nearly 20 pts from Nifty Futures Monday close, indicating a flat-to-positive start for the Indian market

-Asian equities advanced following gains in US stocks, after Treasuries halted a selloff that had pushed 10-year yields as high as 4.5%. Traders are closely watching any news around President-elect Donald Trump’s planned administration.

-MSCI’s gauge of regional share climbed as much as 0.7% as benchmarks climbed in Japan, South Korea, China and Australia. The Nasdaq 100 outperformed Monday, with Tesla Inc. rising 5.6% on a news report Trump’s transition team have told advisers they plan to make a federal framework for fully self-driving vehicles one of the Transportation Department’s priorities.

-Overnight, the S&P 500 rose 0.4% on Monday, while the Nasdaq 100 climbed 0.7%. The S&P 500 Index will advance through the end of next year amid continued US economic expansion and earnings growth, according to Goldman Sachs Group Inc.’s chief equity strategist David Kostin

-Bitcoin slipped in Asian trade after rising above $91,000 Monday. The crypto currency is back in the vicinity of an all-time peak, supported by a salvo of developments highlighting the deepening embrace of the digital-asset industry in the US under crypto cheerleader Donald Trump.

-Oil was little changed after surging on Monday amid simmering geopolitical tensions. West Texas Intermediate rose to settle above $69 a barrel after the US gave Ukraine the green light to use long-range missiles inside of Russia, amping up tensions between the warring nations.

-Gold extended its gains as Goldman Sachs reiterated a forecast for prices to reach $3,000 an ounce next year.

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Marketbuzz Podcast: Indian markets may open in the red according to the GIFT Nifty. Watch out for stocks like IGL, MGL, Vedanta, NALCO and more.

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