MarketBuzz CNBC-TV18

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important updates ahead of the trading session of June 28

-It’s the end of the week, month and half the year today. India has emerged as the best performing market this week, pushing it up on the monthly chart. It’s been a super strong week so far for largecaps, Nifty, Bank Nifty gaining more than 2%. In a relative sense, Midcaps, smallcaps and SMEs have taken a backseat. FIIs, meanwhile, are  positioning in index futures now at an extreme.

-No level has proven to be a resistance for the Nifty 50. The index just posted its best F&O series since December last year. The Nifty is up 2.3% for the week and is on course to register its second-best week of 2024.

-The talks around India Cements dominated the market on Thursday as Billionaire investor Radhakishan Damani and his associates sold 23% equity in India Cements for nearly ₹1,900 crore. The country’s leading cement maker UltraTech acquired the entire block, which is considered to be a bid to expand its presence in the southern market.

-Stocks to track: Reliance Industries, Polycab, Samhi Hotels, HCLTech, JSW Infra, RBL Bank, AU Small Finance Bank, Unichem Labs, Ambuja Cements, Raymond

-This morning, GIFT Nifty was trading with a premium of 90 points from Nifty Futures' Thursday close, indicating a gap-up start for the Indian market.

-India is preparing itself for the inclusion of the nation’s government bonds into JPMorgan Chase & Co. emerging markets index on Friday, opening up a $1.3 trillion market to a broader range of investors.

-Equities in Asia followed gains in US stocks ahead of the Federal Reserve’s preferred inflation gauge due Friday. Shares in Japan’s benchmark Topix index were set for a 34-year high. Australian and South Korean stocks climbed, while those in Hong Kong were slightly lower. The moves follow a downbeat day in the prior session when a gauge of the region’s stocks fell for the first time in three days. Contracts for US equities rose.

-President Joe Biden and former President Donald Trump faced off in their first 2024 debate late Thursday in the US. The dollar and Bitcoin rose as the debate got going, and the yen weakened past 161 to the greenback, its lowest levels since 1986.

-Overnight in the US, the S&P 500 eked out a narrow gain as Wall Street looked ahead to fresh inflation data to assess when the Federal Reserve will begin lowering interest rates. The U.S. is expected to release its preferred inflation gauge, the personal consumption expenditure index on Friday. The Nasdaq Composite added 0.30%, while the Dow Jones Industrial Average inched up 0.09%.

-Lastly, in commodities, oil was set to advance for a third session on Friday while gold held onto Thursday’s gains.

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Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important updates ahead of the trading session of June 27

-It’s been a superb run for markets this week. With a mix of Reliance Industries, telecom, and banks led gains on June 26, record highs continued in the market. The Nifty 50 is up 10.2% in the past six months.

-Reliance Industries ended at a record high, with a market capitalisation of ₹20.5 lakh crore.

-June 27 will be the monthly expiry for the June F&O series for the Nifty 50 contracts. Until the final day, the Nifty has gained 1,400 points so far in this series, making it the best F&O series in many years.

-This morning, the GIFTNifty was trading lower at discount of nearly 70 pts from Nifty Futures Wednesday's close, indicating a start in the red for the Indian market.

-Stocks to watch: Reliance Industries, Dr. Reddy's Laboratories, PI Industries, CSB Bank, Archean Chemicals, Vodafone Idea, Inox Green Energy, SJVN, KEC International, RVNL, JSW Energy, India Cements

-Shares in Asia fell this morning after US tech companies dropped in late US trading while the yen stabilized after a Wednesday slide that triggered fresh speculation officials will step in to support the currency. Stocks in Japan, Australia and China all declined, putting the MSCI Asia Pacific equity gauge on course for its first loss in three days.

-Overnight in the US, the Dow Jones Industrial Average added 0.04%, while the S&P 500
 rose 0.16% and the Nasdaq Composite gained 0.49%. The Nasdaq’s climb was led by Amazon shares, which recorded a 3.9% jump. The stock hit an all-time high and reached $2 trillion in market value for the first time on Wednesday, joining Nvidia, Apple, Alphabet and Microsoft.

-In commodities, gold mostly held Wednesday’s decline where it fell to the lowest level in around three weeks.

-SEBI Board meet today. Chief Madhabi Puri Buch will address the media  at 6 pm. SEBI is likely to tighten rules for stocks to be eligible for derivatives trading and ask brokers and mutual funds to stop enlisting unregistered financial influencers for their marketing campaigns. The board will also consider changes to delisting rules to make it easier for companies to exit from stock exchanges.
 
-For all cricket fans, don’t forget to wrap up work quickly today to enjoy the India vs England match at 8pm.

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Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are to track ahead of the trading session of June 26

-The Indian market continued to hit new highs with large buying from foreign investors on June 25. If you compare Monday's low to Tuesday's high for the Nifty, the index surged exactly 400 points to make new highs. 23,751 now becomes the new record high for the Nifty 50. The index is now up by well over 1,200 points for the June F&O series, with two more trading sessions to go.

-Financials provided leadership to the market yesterday. Four out of the top five gainers on the Nifty 50 index were private financials, including Shriram Finance, the newest entrant on the index. The Nifty gained 183 points on Tuesday. Three-quarters or 75% or 138 of those points, came from three banking heavyweights - HDFC Bank, Axis Bank and ICICI Bank.

-The question to be asked now is, can the Nifty sustain a single-sector-led rally? barring the banks, the rest of the market relatively sulked through the day.

-However, experts say the market is now showing signs of an upside breakout in the near-term.

-The GIFT Nifty was trading with a discount of nearly 30 points from Nifty Futures' Tuesday close this morning, indicating a start in the red for the Indian market.

-Stocks to watch: CE Info Systems, Sanghi Industries, Mazagon Dock Shipbuilders, Yes Bank, Vishnu Prakash R Punglia, Mahindra & Mahindra Finance, NTPC

-Stocks in Asia treaded water this morning as Federal Reserve officials said they wanted more evidence of cooling inflation before lowering interest rates. Hong Kong and mainland China equity gauges fell at the open. Stocks declined in Australia, while those in Taiwan, Japan and South Korea rose. A gauge of Asian stocks was little changed.

-Overnight in the U.S., the Dow Jones Industrial Average declined, shedding 0.76% and closing at 39,112.16. Led by an Nvidia rebound, the broad market S&P 500 added 0.39% while the Nasdaq Composite advanced 1.26%, with both indexes ending three-day losing streaks.

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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

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-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.

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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

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