MarketBuzz CNBC-TV18

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important updates ahead of the trading session of June 25

-On June 24, the bulls got the dip they wanted on the Nifty at the start of the June series expiry week. That dip was swiftly bought into, leading to a 200-point recovery on the index. The sector rotation continued and banks saw little follow-through.

-Specific pockets dominated Monday's trade. As swiftly as the fertiliser stocks went up all of last week, they sold off equally swiftly on Monday after no headway was made on the GST rate cut for the sector. On the other hand, holding company stocks sprung into action with most of them ending 20% higher post a SEBI Circular on a special call option for fair price discovery.

-Till the end of the series, barring a specific trigger, the action in the market is most likely to remain confined to specific pockets.

-The market also looks forward to the presentation of the Union budget, the official date for which is yet to be announced. Before the union budget though, the companies will start reporting their June quarter business updates starting next week, followed by their quarterly results.

-In terms of global cues, shares in Asia edged higher this morning to defy a mixed day on Wall Street as speculation gained that the tech sector rally may be running out of steam. Equities in South Korea, Australia and Japan advanced. Stock futures in Hong Kong pointed up as the Nasdaq Golden Dragon China Index, a gauge of US-listed Chinese shares, climbed 1.3% on Monday.

-Overnight in the U.S., the Dow Jones Industrial Average added 0.67%, while the S&P 500 slid 0.31%. However, the tech-heavy Nasdaq Composite saw its worst day since April, sliding 1.09%.

-Back home, the GIFT Nifty traded with a premium of more than 10 points from Nifty Futures' Monday close this morning, indicating a muted start for Indian market

-Stocks to watch: Happiest Minds Technologies, Amara Raja Energy, Craftsman Automation,
Borosil, Swan Energy, SH Kelkar, Muthoot Capital Services, RBL Bank, AU Small Finance Bank, Satin Creditcare, Ind-Swift Laboratories

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 24

-On Friday, frontline indices consolidated higher whereas the sectoral rotation continued with banks doing well last week. Bank Nifty ended 3.5% higher. The Nifty, meanwhile, huffed and puffed but managed to eke out some weekly gains.

-Monsoon progress is also very critical as June has seen poor rains across the country. Meanwhile, India is to be included in the GBI-EM Global Diversified Index from June 28. Also, bond markets could see inflows of $30 billion over the next 10 months.

-The upcoming week will be the June F&O series expiry and it has already been a 1,000-point series for the Nifty on the upside. While it will aim to end the week and the series on a high, the question is, will it get the required support from banks and IT stocks that lent support to the index for most of last week?

-As of this morning, GIFT Nifty was trading with a discount of nearly 40 points from Nifty Futures' Friday close, indicating a start in the red for the Indian market today.

-While the Nifty remains in consolidation mode, the action will lie in specific stocks, as has been the trend in the last few trading sessions. Most of the GST-linked names from fertilisers, to road construction companies to even gaming firm Delta Corp, may see a reaction during Monday's trading sessions. Block deals also continue with CarTrade Tech likely to see one go through on Monday.

-The focus is starting to move towards Budget expectations. In fact, with preps underway several reports are hinting at a potential windfall for the middle class. According to a CNBC Aawaz report, the government is preparing to provide some relief to the middle class in this year's Budget.

Stocks to watch: GST-linked names, CarTrade, banks, IT, Vedanta, Cipla, Sun Pharma, Lupin, MCX, Prestige Estates, PB Fintech, JSW Energy

-Asian shares edged lower this morning, kicking off a week that includes measures of inflation that will help guide bets on the outlook for global interest rates. An index for the region’s stocks was set to slip for a third session on Monday, with equities in South Korea falling and those for Japan swinging between gains and losses. Contracts for Hong Kong shares pointed to declines while US equity futures were steady after the S&P 500 fell on Friday amid a large options expiry.

-This week, while parsing inflation data, traders will also be keeping watch on rising political risks. The first UK prime ministerial and US presidential debates are scheduled and the first round of voting in the French legislative election is set to take place this coming weekend.

-In commodities, oil extended Friday’s decline toward $80 a barrel amid a stronger greenback and a technical indicator suggesting the recent rally has gone too far. Gold fell amid a re-think of the Fed’s rate cut outlook.

Tuned in to Marketbuzz Podcast for more news and cues

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.