MarketBuzz

Marketbuzz Podcast: Indian markets may see a flat start according to the GIFT Nifty. Watch out for stocks like Reliance Industries, HCLTech, and Angel One.

Marketbuzz Podcast: Indian markets may see a subdued start according to the GIFT Nifty. Watch out for stocks like Reliance Industries, HCLTech, Wipro and Metal stocks.

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of October 11

-On a day when every single Indian mourned the demise of Tata Sons' Chairman Emeritus Ratan Tata, Dalal Street only found it appropriate to remain in snooze mode and not have any big fluctuations on the weekly options expiry of the Nifty 50 contracts. The Nifty traded in a 160-point range on Thursday but could not surpass Wednesday's high of 25,234. It closed right at the mark of 25,000.

-All eyes for Friday's trading session will be on the reaction that Wall Street has to the CPI data for September, which could potentially determine what will the Fed do in its November policy, after a very strong non-farm payrolls data has completely taken a 50 basis points rate cut off the table.

-On the domestic front, TCS will react to its quarterly results, which were a miss on the margin front. Revenues were in-line with expectations but most other parameters were also a marginal miss. Stocks like Anand Rathi Wealth, IREDA and Tata Elxsi will also be reacting to their quarterly results.

-Other stocks to track: Den Networks, Mazagon Dock Shipbuilders, Oberoi Realty, Krsnaa Diagnostics, Bandhan Bank, Uno Minda

-Shares rose in Asia, sidestepping losses on Wall Street following hotter-than-expected core inflation that heightened the focus on the Federal Reserve’s next move. Japanese and South Korean stocks opened higher while those in Australia slipped. US equity futures also edged higher, after the S&P 500 fell 0.2% and the Nasdaq 100 dropped 0.1% Thursday.

-US data released Thursday underscored the challenge facing the Fed. Underlying US inflation rose more than forecast in September in a sign of stalling progress in the fight to bring prices to target. Separate data showed applications for US unemployment benefits rose last week to the highest in over a year.

-In commodities, oil edged lower, trimming some of its gains from Thursday when West Texas Intermediate futures climbed 3.6% as traders awaited Israel’s response to Iran’s missile attack.

-GIF TNifty was lower this morning trading at discount of nearly 20 pts from Nifty Futures Thursday close, indicating a start in the red for the Indian market.

Tune in to Marketbuzz Podcast for more news and cues

-Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are the top developments from around the world ahead of the trading session on October 10

-Ratan Tata, the former chairman of the diversified Tata Group and a towering figure in Indian business, passed away at the age of 86 last night. He has left behind a profound legacy of business leadership, global expansion, and a deep commitment to societal betterment, having reportedly donated 60–65% of his income to charitable causes. The state of Maharashtra has announced one day of state mourning.

-The Nifty needed follow-up buying post Tuesday's rebound to confirm that a bottom has indeed been made for now. However, that was not to be. For a better part of Wednesday's trading session, the Nifty continued to move higher, carrying on from where it left off on Tuesday, but a swift reversal in the second half not only took the Nifty down from the day's high, but also end the session on a negative note. Reliance Industries and HDFC Bank have been leading the recent sell-off on the index as well. Adding to their underperformance was a sell-off in index FMCG names. ITC, Nestle India, Britannia, most of these names saw selling pressure over worries of them reporting weak results.

-Thursday will be a very important trading session for the markets. Nifty will have its weekly options expiry, earnings season begins with TCS reporting results, the US will report its CPI figures for the month of September and other broader market names like Tata Elxsi and IREDA will also be reporting results.

-Stocks to watch: Adani Enterprises, Vedanta, Infosys, Patanjali Foods, Britannia, JM Financial, PNC Infratech, Rain Industries, GR Infra, Star Health Insurance, Zee Entertainment

-Asian equities rose Thursday after their US peers set a fresh high ahead of inflation data that may define Federal Reserve policy easing in the coming months. Shares in Japan, South Korea, Australia and China all advanced.

-Back in the US, the S&P 500 rose 0.7% to a record high on Wednesday, its 44th of the year, with tech shares again propelling the gains. Apple Inc. climbed 1.7%. Nvidia Corp. halted a five-day rally while Tesla Inc. edged lower ahead of the Robotaxi launch. Alphabet Inc. fell 1.5% on news the US is weighing a Google breakup in a historic big-tech antitrust case.

-US consumer price data to be released later Thursday is expected to show inflation further moderating, supporting the Fed’s anticipated easing in the coming months. Despite this, market pricing indicates the likelihood of another 50 basis point rate cut is all but off the table following last week’s strong jobs report.

-Oil prices rose in early Asian trade on concerns about potential supply disruptions in the Middle East, with Israel planning to strike oil-producer Iran, and on spikes in fuel demand as a major storm barreled into Florida Brent crude futures were close to $77 a barrel.

-GIFT Nifty was trading with a premium of more than 100 points from Nifty Futures' Wednesday close, indicating a gap-up start for the Indian market.

Tune in to the podcast for more cues 

Welcome to CNBC-TV18’s Marketbuzz Podcast . Here are top news from around the world, ahead of the trading session of October 9

-Hyundai Motor India’s IPO details are out: This will be India's largest IPO till date. The company has fixed the price band for its public issue between ₹1,865 to ₹1,960 per equity share. The three-day issue will open for subscription on October 15 and close on October 17, 2024. At the upper end of the price band, the IPO size will be ₹27,870 crore, which will surpass LIC's size of over ₹21,000 crore. The IPO will be a complete Offer For Sale (OFS), where the company's parent will be selling 14.2 crore shares or 17.5% of the total equity.

-Yesterday, there was green on the screen, finally, which sustained through the day. Back from Nifty being above 26,000 just two weeks prior, the bulls will see 25,000 on the Nifty as a sigh of relief post Tuesday's close. The benchmark index snapped a six-day losing streak on Tuesday, which led to a loss of nearly ₹27 lakh crore in investor wealth.

-Jai Bala of cashthechaos.com believes that the Nifty has a very high probability of testing its Lok Sabha election day low, which is still around 4,000 points from Tuesday's closing levels.

-Wednesday will be another important session for the markets as the Reserve Bank of India will announce its Monetary Policy decision and the consensus going around is that while policy will be a "status quo" for the tenth time in a row, there might just be a change in policy stance to "neutral" from "withdrawal of accommodation."

-Commentary from the RBI Governor on the road ahead may be a key factor in determining market sentiment in mid-week trading before TCS kickstarts the earnings season on Thursday

-Stocks to track: Vedanta, IRFC, Ola Electric, Premier Energies, Tata Technologies, PB Fintech, Bharti Airtel, Torrent Power, IRB Infra, JSW Infra

-Chinese shares underperformed the region after investors paused on the rally with Beijing refusing to commit to more economic stimulus. Shares elsewhere in Asia gained. The CSI300 index fell as much as 5%, almost erasing gains of yesterday, while stocks in Hong Kong gained 1.7% after the biggest tumble in 16 years Tuesday. Shares in Australia and Japan climbed Wednesday after a tech rally lifted Wall Street and bets on Federal Reserve rate cuts stabilized.

-Overnight on Wall Street, US markets staged a comeback on Tuesday as oil prices eased amidst ongoing tensions in the Middle East. The S&P 500 gained over 1% to close above the mark of 5,750, while the Nasdaq Composite was back above the mark of 18,000, ending with gains of 1.5% courtesy of a rally in chipmakers like Nvidia, which has surged 14% in the last five sessions. The Dow Jones was an underperformer, but ended with gains of over 100 points.

-Oil steadied this morning after tumbling the most in more than a year in the previous session on concerns around China’s economic outlook, with the market also watching for Israel’s response to Iran’s missile barrage last week. Brent traded near $77 a barrel after losing 4.6% on Tuesday, while West Texas Intermediate was below $74.

-GIFT Nifty was higher this morning trading at a premium of more than 30 pts from Nifty Futures Tuesday close, indicating a start in the green for the Indian market

Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top news from around the world ahead of the trading session of October 8

-The counting of votes for Haryana and Jammu and Kashmir assembly polls will be done today. Political parties and leaders wait with bated breath for the Haryana Assembly poll results, with the ruling BJP confident of retaining power for a third term, and the Congress, which is out of power for 10 years, more than hopeful of making a comeback. Meanwhile, in Jammu and Kashmir, this is the first election since the abrogation of Article 370 in 2019. So, it’s a pivotal moment for the Union Territory as it awaits its first elected government in five years.

-On October 7, was another day of Nifty opening higher and the recovery getting sold into. The Nifty broke more key levels on the downside in Monday's session, carrying on from where it left off on Friday.

-HDFC Bank continued to lead the losses in Monday's session as well. The stock is also down six days in a row and has lost over ₹1 lakh crore in market capitalisation during this period. HDFC Bank shares had seen a brief recovery towards the close of trade but yet again that was swiftly sold into.

-Stocks in focus: HDFC Bank, Godrej Consumer Products, Mahanagar Gas, Nykaa, Bharat Electronics, Sobha, MOIL, Hi-Tech Pipes, HEG

-The GIFT Nifty was lower this morning trading at a discount of more than 100 pts from Nifty Futures Monday close, indicating a gap-down start for the Indian market.

-Chinese stocks listed in the mainland jumped this morning as trading resumed following a week-long holiday, with encouraging home sales and consumption data giving fresh impetus to a rally sparked by Beijing’s stimulus blitz. Shares dropped in Japan, South Korea and Hong Kong after Wall Street was dragged down by a tech selloff, geopolitical angst and bets on a smaller Federal Reserve rate cut.

-Overnight, the S&P 500 fell 1% on Monday after notching a four-week winning run. Alphabet Inc. sank 2.4% as a judge ruled it must lift restrictions that prevent developers from setting up rival marketplaces that compete with its Google Play Store.

-Brent crude has jumped above $80 a barrel amid mounting tensions in the Middle East. In the wake of Friday’s solid jobs data, Treasuries continued to drop — with the 10-year yield topping 4%.

Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of October 7

-The Nifty 50 on Friday did huff and puff its way to somehow close above 25,000, it could not avoid registering its worst week of 2024, a week that saw ₹17 lakh crore erosion in the overall market capitalisation of BSE-listed companies. The trio of HDFC Bank, ICICI Bank and Reliance Industries contributed to over 40% of the sell-off seen on the Nifty during Friday's session, although FMCG stocks were the ones that triggered the move downwards during the final trading day of the week.

-The upcoming week promises no respite either. The tensions between Iran and Israel continue to remain an overhang as there has been no positive development on that front. This will also have an impact on the Reserve Bank of India's policy decision on Wednesday.

-While a majority of CNBC-TV18's Citizen's MPC believes that the RBI should not cut rates, they believe that there should be a change in the central bank's stance to "neutral."

-Earnings season begins in the second half of the upcoming week with TCS kickstarting proceedings on Thursday, October 10, along with other broader market names like Tata Elxsi, IREDA and others.

-The Nifty bulls may look for some respite on Monday considering the oversold setups and a positive handover from Wall Street post the non-farm payrolls data.

-Stocks to watch: Titan, IndusInd Bank, Federal Bank, Macrotech Developers, Godrej Properties, Adani Wilmar, Metropolis Healthcare, RBL Bank, L&T Finance, GAIL, Gravita India, MTNL, Landmark Cars

-Asian stocks rose this morning after stronger-than-expected US payroll data underscored the health of the world’s largest economy and boosted optimism over a soft landing. Equity benchmarks in Australia, South Korea and Japan all gained after the S&P 500 and Treasury yields rose on Friday as traders trimmed bets on Federal Reserve interest-rate cuts. US 10-year yields climbed a further one basis point Monday, nearing the key 4% threshold.

-Over in the U.S, stocks advanced on Friday after a stronger-than-expected jobs report gave investors confidence around the health of the economy. Data showed nonfarm payrolls grew by 254,000 jobs in September, far outpacing the forecasted gain of 150,000 from economists polled by Dow Jones.  The S&P 500 rose 0.9%, while the Nasdaq Composite jumped 1.22%. The Dow Jones Industrial Average added 0.81% to notch an all-time closing high of 42,352.75.

-Oil drifted lower as traders weighed Israel’s potential retaliation against Iran for a missile attack last week, with President Joe Biden discouraging a strike on Tehran’s crude fields.

-The GIFT Nifty was trading higher, at a premium of over 80 pts from Nifty Futures Friday close, indicating a gap-up start for the Indian market.

Tune in to the Marketbuzz Podcast for more cues

Marketbuzz Podcast: Indian markets may see a gap-down start according to the GIFT Nifty. Watch out for stocks like Angel One, BSE, Bharat Forge and others.

Marketbuzz Podcast: Indian markets may see a sluggish according to the GIFT Nifty. Watch out for stocks like Auto stocks, IREDA and Kalpataru Projects and more.

Marketbuzz Podcast: Indian markets may see a slightly negative start according to the GIFT Nifty. Watch out for stocks like BSE, Pharma names like Biocon and Welspun Corp.