MarketBuzz CNBC-TV18

Welcome back to CNBC-TV18’s Marketbuzz Podcast, here are all the important updates ahead of the trading session of June 21

-GIFT Nifty was trading with a premium of seven points this morning from Nifty Futures' Thursday close, indicating a muted start for the Indian market.

-Global cues continue to remain stable. Asian stocks crept higher this morning after US shares hit an intraday record overnight. The yen was in focus following a six-day slump which ratcheted up the risk of intervention. Equity benchmarks ticked higher in Japan and Australia, while Korean shares fell. A 1% drop in the Golden Dragon index of US-listed Chinese companies weighed on sentiment.

-Overnight, the S&P 500 briefly topped 5,500 before losing traction, while the high-flying tech group powering the bull run came under pressure. The Nasdaq 100 slipped after a seven-day advance with Nvidia Corp. and Apple Inc. leading losses in megacaps.

-Back home, Nifty 50 seems to be consolidating around record highs though it lacks directional cues. This trend may continue till the end of the month, post which companies start reporting their business updates for the quarter followed by their quarterly results.

-For today, the market only has global cues to react to and there are plenty of them. The initial jobless claims in the US, the Bank of England interest rate decision, the US crude oil inventory data and of course, how Wall Street behaved overnight.

-IT stocks will be in focus post Accenture’s earnings. Accenture says discretionary spending is constrained, particularly in smaller projects. Brokerage firm Morgan Stanley is of the view that Accenture results and commentary pointed to a few positive data points such as strategy and consulting returning to growth and a pickup in smaller deals.

-Stocks to watch: IT stocks, YES Bank, Aster DM, Amara Raja, Union Bank of India, ONGC, GIC Housing, Jindal Stainless

Tune in to the Marketbuzz Podcast for more cues

Welcome back to CNBC-TV18’s Marketbuzz Podcast. Here are all the important updates ahead of the trading session of June 20

-The bulls seem to have taken a breather. It turned out to be another day and another record for the Nifty 50 but the index could not sustain at those levels. 23,664 is now the new record high for the Nifty. The index fell 150 points from those levels and ended with losses, snapping a four-day winning streak.

-Big focus seems to be on banks. The Nifty bank has hit an all time high almost at 52000.  HDFC bank is now up almost 15% in June. Led by the underperforming HDFC Bank, six out of the top seven Nifty contributors are banking stocks, which also kept a lid on the Nifty downside. In fact, HDFC Bank and ICICI Bank together contributed nearly 120 points to the Nifty's gains.

-HDFC Securities says although the Nifty is at highs, there is no confirmation of any reversal pattern building up on the charts at higher levels. The analyst only sees further weakness in the index if it slips below the 23,300 mark. This setup may be negated if the Nifty moves further higher.

-Asian shares retreated this morning following a rally in the previous session as investors sought new catalysts after a holiday in the US. The MSCI Asia Pacific Index slipped 0.1% after jumping 1% on Wednesday, with shares in Japan and Australia posting small losses. Futures for Hong Kong indicated declines. The pan-European Stoxx 600 slipped 0.2% after two days of gains.

- In the UK, inflation has fallen to 2% in May with services inflation still elevated. The Bank of England is likely to leave rates unchanged in today’s meeting. In the US, jobless claims and housing starts data will be in focus today. US markets, meanwhile, were closed on Wednesday for a holiday.

-On the commodities front, oil remains above $85 on geopolitical concerns.

-GIFT Nifty was trading higher at a premium of nearly 20 pts from Nifty Futures Wednesday close, indicating a flat-to-positive start for the Indian market.

-Stocks to watch: MAS Financial Services, PNB Housing, Sun Pharma, Sapphire Foods, GMR Urban, Reliance Industries, Vodafone Idea, Bharti Airtel, Som Distilleries, Godrej Group stocks

Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important news and cues ahead of the trading session of June 19

-It was the fourth day of record highs on June 18. The Nifty's positive consolidation continued at the start of the new, truncated week as well.  The index finally managed to cross and close above the mark of 23,500. Strong support came from the bank nifty, which rose 370 points yesterday.

-With the market lacking any directional cue, the focus is more on global cues. Indian equities also moved higher on Tuesday courtesy of a positive handover from Wall Street overnight. However, many analysts on Wall Street are turning cautious on the rally seen by the benchmark indices.

-Asian equities opened higher this morning after a surge in chipmakers drove US stocks to yet another record-breaking session on Wall Street. Shares in South Korea jumped about 1% and those in Japan also climbed, while the Australian benchmark was little changed. Hong Kong futures pointed to gains ahead of a financial conference in Shanghai, where traders expect more market-supportive policies to be announced.

-US traders pushed the S&P 500 closer to the historic 5,500 mark, betting the potential for Federal Reserve rate cuts will keep fueling the tech industry.

-Overnight, Nvidia became the world’s most-valuable company — topping Microsoft — to extend this year’s record-breaking surge. A bullish analyst call projected the firm at the heart of the artificial-intelligence boom will hit nearly $5 trillion in value in the coming year — from about $3.3 trillion. 

-In commodities, oil steadied after its biggest two-day gain in three months as a sustained risk-on mood in wider markets outweighed signs of further stockpile growth in the US. Gold was little changed.

-the GIFT Nifty was trading with a premium of nearly 95 points from Nifty Futures' Tuesday close, indicating a gap-up start for the Indian market.

-Stocks to track: Indus Towers, Gland Pharma, Sansera Engineering, Craftsman Automation, Prestige Estates, Snowman Logistics, Sona BLW, Bharat Forge, AMI Organics, Zee Entertainment

Tune in to the Marketbuzz Podcast for more cues

Marketbuzz Podcast: Indian markets may see a positive start according to the GIFT Nifty. Watch out for stocks like IIFL Finance, M&M, Zomato. 

Marketbuzz Podcast: Indian markets may see a flat start according to the GIFT Nifty. Watch out for stocks like Ambuja Cements, Suzlon, Vodafone Idea.

Marketbuzz Podcast: Indian markets may see a flat start according to the GIFT Nifty. Watch out for stocks like Nestle India, Sobha and Arvind.