MarketBuzz CNBC-TV18

Welcome to CNBC-TV18’s Marketbuzz Podcast, here are all to updates ahead of the trading session of June 7

-Apart from emerging details on government formation following the 2024 election results, all eyes will be on the Reserve Bank of India's Monetary Policy announcement

-RBI Monetary Policy Committee (MPC) is expected to remain on an extended pause and cut interest rates in October. This MPC meeting comes at a crucial time, falling between the recently concluded Lok Sabha elections and the upcoming full budget in July.

-This meeting follows a strong GDP growth report for the March quarter and persistent concerns about food inflation. The US Federal Reserve is not inclined to cut rates at this time. Given these factors, the Reserve Bank of India’s MPC is expected to adopt a wait-and-watch approach, with no immediate reason to cut rates.

-The market is set to post gains in a week in which it saw its biggest single-day drop in four years and investors wealth worth ₹30 lakh crore is wiped out. The recovery in the Nifty over the last two sessions has been anything but smooth.

-The weekly expiry for the Nifty turned out to be a choppy one and even if the index ended above the mark of 22,800, it closed trade 90 points off the day's high. This choppiness may persist until more clarity on government formation and who gets which ministry emerges. The fact that this will also be a coalition government, will be enough to keep the uncertainty lingering till a complete picture emerges.

-Today the focus will be on whether the RBI MPC revises either of the GDP or the inflation estimates for financial year 2025.

-On the global front, Asian stocks rose this morning as Wall Street wavered ahead of a key US jobs reading that’s likely to guide the Federal Reserve’s policy outlook. Australian and South Korean stocks rose and equities in Japan were steady, while futures in Hong Kong pointed higher. The S&P 500 closed little changed, having stalled near all-time highs, as traders refrained from big bets ahead of US non-farm payrolls data. Contracts for US shares were steady in early Asian trading. US Treasuries were steady while Australian yields edged lower.

-Back home, the GIFT Nifty was trading flat, indicating a muted start for the Indian market ahead of the MPC meet outcome. 

-Stocks to watch: Wipro, ICICI Bank, Tata Chemicals, PB Fintech, Bajaj Finance, Bajaj Finserv, RVNL, Welspun Enterprises, Hero MotoCorp, Muthoot Microfinance

Tune in to the Marketbuzz Podcast for more cues 

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are the top market cues ahead of the trading session of June 6

-The market has been carrying a disclaimer "Not for the faint hearted" for the last three sessions. In fact, at one point on Tuesday, it felt as though the Nifty has gone into a free fall, but it has managed to find some support at lower levels, at least for now.

-The recovery seen by the Nifty yesterday, that is June 5, has taken the market back to levels above last Friday's close. In fact, it has even turned positive for the week. The market took heart from the fact that Narendra Modi is all set to be prime minister for a historic third time, albeit in an alliance, but with alliance partners like JD (U) and TDP backing the NDA, the government formation looks mostly certain in the coming few days.

-The Nifty is 700 points adrift from its peak of 23,338. That may take a while as many brokerages have turned cautious on the market post this election outcome.

-June 6 will be the first weekly expiry of an already action-packed start to the June F&O series.

-Besides political developments, the market also awaits comments from the Reserve Bank of India's Monetary Policy Committee on Friday on whether it will revise its inflation or GDP outlook for the fiscal year after the fourth quarter print. There are currently no talks of a rate cut from the central bank just yet.

-Foreign investors continued to remain net sellers in the cash market on Wednesday, while domestic investors were net buyers.

-Asia-Pacific stocks rose as hopes for rate cuts by the European Central Bank boosted market sentiment, while major indexes in the U.S. hit fresh highs overnight. Overnight in the U.S., Nvidia led major tech stocks higher and slightly weak labor market data gave investors hope the Federal Reserve might move to lower interest rates later this year.

-Back home, GIFT Nifty was higher this morning, trading at a premium of more than 90 pts from Nifty Futures Wednesday close, indicating a gap-up start for the Indian market

-Stocks to track: BHEL, IEX, Century Textiles, Torrent Pharma, Uno Minda, NBCC, Nandan Denim, KPI Green

Tune in to Marketbuzz Podcast for more cues

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important cues ahead of the market session of June 5

- The Lok sabha election is out and the NDA led Prime Minister Narendra Modi is all set to form the government again for the third straight term. However, the outcome wasn’t exactly how the NDA anticipated and definitely not the way the market anticipated. The market, that factored in at least 290-300 seats for the BJP on a standalone basis, sold off sharply after the incumbent party failed to cross the 272 mark by itself.

- This sentiment led to the biggest single-day drop in four years. BSE-listed companies lost ₹30 lakh crore in market capitalisation. PSUs and Adani Group stocks were the biggest contributors to that drop.

- Brokerage firm Bernstein, meanwhile, expects Indian equities to 'sell down' in the extreme near term after the mandate from the Lok Sabha elections. However, it has left its Nifty target unchanged at 23,500 for the end of the year.

-Stocks to watch: Tata Motors, Wipro, Vodafone Idea

-In terms of the election certain key events are due today like the Cabinet meeting at 11:30 am.
Chandrababu Naidu and Nitish Kumar are expected to be in Delhi today whereas the I.N.D.I.A block is supposed to meet at 6 pm this evening. These political developments are also likely to have an impact on the market.

-In terms of global cues, Asia-Pacific markets were mixed this morning as investors assessed India’s election results. Overnight in the U.S., the Dow Jones Industrial Average rose as Wall Street sought its footing after an uneven start to the month.

-The GIFT Nifty was higher, trading at a premium of more than 140 pts from Nifty Futures Tuesday close, indicating a gap-up start for the Indian market

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Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important cues ahead of the trading session of Juen 4

-India's marathon election enters its final phase today with the counting of more than 640 million votes in the world’s largest democratic exercise. Most exit polls widely expect the return of Prime Minister Narendra Modi to a third term after a decade in power.

-Bulls seem set for a super Tuesday. GIFT Nifty indicates a gap-up start for the Indian market. It's expected to build on to Monday's record gains

-The Nifty witnessed the biggest single-day gain in absolute terms on record on June 3, after the exit polls predicted a thumping majority for the Narendra Modi-led NDA government for the third straight term.

-The Nifty's 733-point advance, surpassed the 708-point surge it had witnessed in April 2020. BSE-listed companies together added ₹14 lakh crore in market capitalisation.

-Almost every sector barring IT participated in the rally yesterday. Reliance Industries hit a record high with its market capitalisation returning above the ₹20 lakh crore mark. Both SBI and ICICI Bank also hit record highs and crossed ₹8 lakh crore in market cap in the process. SBI is now the third most valued bank in the country in market cap terms after HDFC Bank and ICICI Bank.

-All eyes are now on the counting. Brokerage firm Nomura wrote in its note that in both 2014 and 2019, the exit polls had underestimated the NDA-seat count by 50 seats and if trend continues on Tuesday, the final NDA tally may turn out to be even better than what has been projected.

-Globally, Asia stocks dipped this morning after kicking off June on solid ground, with investors now awaiting the final results of India’s general elections.

-Overnight, U.S. stock index futures were listless as Wall Street looked to find its footing after an uneven start to the month. Futures for the Dow Jones Industrial Average were roughly flat. S&P 500 futures and Nasdaq 100 futures ticked up less than 0.1% each. The Dow fell more than 115 points, or 0.3%, on the first trading day of June. The S&P 500 and Nasdaq Composite both rose modestly on Monday.

-Stocks to track: Zee Entertainment, Kalyan Jewellers, Sapphire Foods, Biocon, Mahindra & Mahindra Financial Services, RVNL, Veranda Learnings, Sanofi India, Capacite Infra

Stay tuned to CNBC-TV18 for election results, market action, political views, investor and industry opinion, and more 

Welcome to CNBC-TV18’s Marketbuzz Podcast, here are all the important cues ahead of the trading session of June 3

-In what is likely to be one of the most interesting sessions of the year or even more, the Gifty Nifty suggests not just a record high for Nifty but a start with gains of more than a whopping 500 points.

-Before the final D-Day tomorrow that is the result day of Lok sabha elections 2024, exit polls on Saturday forecast a historic third term for Prime Minister Narendra Modi. The exit poll results were also on similar lines of market anticipation.

-Most exit polls released predict a historic third term for Prime Minister Narendra Modi. The Bharatiya Janata Party-led National Democratic Alliance (NDA) is projected to secure more than 350 seats, comfortably crossing the halfway mark in the Lok Sabha. Although it may fall short of the ambitious '400 paar' target

-An exit poll conducted by News18 Poll Hub is expecting the National Democratic Alliance (NDA) to win between 355 - 370 seats for the Lok Sabha elections. The Bharatiya Janta Party (BJP) is expected to win between 305 - 315 seats, which is nearly at par or slightly higher than the 303 seats the party won in 2019.

-The Nifty had a forgettable last week as investors chose to book profit from record levels and wait for the exit polls outcome by sitting on the sidelines. The index ended 2% lower in the week gone by. Investors lost over ₹8 lakh crore courtesy of the weakness seen last week. However, they might look to recover most of that sooner or later, after the exit poll outcome.

-Expert commentary is key to watch today, Prashant Khemka of White Oak Capital believes that the Nifty will be hitting levels of 50,000 in the next five years, which is more than double of where it currently is. Raamdeo Agrawal, Chairman and Co-founder of Motilal Oswal Group, believes this could mark the beginning of a 'higher for longer' market rally, especially if the BJP achieves its '400-paar' target.

-Among the sectors that brokerages have bet on that are likely to be the key beneficiaries on the continuation of the current government would be PSUs, railways, defence, and other manufacturing and capex oriented sectors. Raamdeo Agrawal of Motilal Oswal though, expects the banks to emerge as the outperformers. CLSA also prefers larger banks due to the valuation comfort.

-Stocks to watch: Hero MotoCorp, Tata Motors, Maruti Suzuki India, TVS Motor, Mahindra & Mahindra, Ashok Leyland, Eicher Motors, Escorts Kubota, defence PSUs, railway stocks, Adani Ports, Canara Bank, Welspun Corp, Aurobindo Pharma, MOIL, Coal India, Ashoka Buildcon, REC, Inox Wind, Aarti Pharmalabs

-On the global front, Asia-Pacific stock markets mostly rose Monday ahead of a private survey on China’s manufacturing sector. Wall Street futures were calm ahead of the first trading day in June, with the Dow Jones Industrial Average futures up 25 points, or less than 0.1%. S&P 500 futures were flat, and Nasdaq 100 futures were down 0.1%.

-Oil extended losses this morning after OPEC+ set out a plan to restore some suspended production as early as October, despite concerns over the demand outlook and robust supply from outside of the group.

Tune in to Marketbuzz Podcast for more cues 

Marketbuzz Podcast: Indian markets may see a positive start according to the GIFT Nifty. Watch out for stocks like Apollo Hospitals, Muthoot Finance, Bharat Dynamics.