MarketBuzz

Indian benchmark indices — Sensex and Nifty 50 — are likely to open lower on October 26, following weak cues from global peers. Stocks on Wall Street witnessed a sharp sell-off with the NASDAQ bearing the brunt of the selling pressure. It fell over 2.4% with Alphabet and Meta stocks were the key drags. Meanwhile, the key bugbear for Indian markets that is crude oil prices went up significantly in the previous session, Brent futures were up over 2.3% and were trading over the $90 per barrel mark this morning. In the Indian market, the Nifty breached the key level of 19,100 level on an intraday basis following which the markets ended lower for the fifth straight session. Nifty Bank has turned negative for 2023. October 26 is the expiry session and the Street is bracing for an extremely volatile session and all indications suggest it will be skewed towards the downside. Stocks to track: Axis Bank, Jubilant Foodworks, Asian Paints, ACC, Canara Bank and more Tune in to the Marketbuzz Podcast for more

Indian benchmark indices — Sensex and Nifty 50 — are likely to start the trading session of October 25 on a muted note, marginally higher, a day after the market was closed on account of Dussehra. The Indian market will track a rebound in global stocks, as US Treasury yields eased and crude oil prices moderated below $90 per barrel. Wall Street equities gained overnight, boosted by strong quarterly results. Asian markets were up a percent this morning aided by China's approval of a trillion-yuan sovereign bond issue as a stimulus to boost its economy. Meanwhile, India's GIFT Nifty was down 0.08% at 19,308, as of 8:20 am IST, but higher than the Nifty 50 close on October 23 of 19,281.75. Among stocks to watch are Tech Mahindra, Axis Bank, and Jubilant Foodworks, which are due to report their earnings for the September 30, 2023 quarter. Other stocks to track include Vedanta, Delta Corp, and Indus Towers. Tune in to Marketbuzz Podcast for more cues

Global equity markets have been rattled by concerns over rising yields, leading to a significant sell-off and a prevailing risk-averse sentiment. In the United States, all three major stock indexes experienced substantial cuts throughout the week. The NASDAQ bore the brunt of the selling pressure, plummeting by over 1.5%. Crude oil prices, after reaching a two-week high, also saw a slight cooldown, with Brent futures sliding 0.2% to $92.16 a barrel during Friday's trading session. Shifting our focus to the Indian market, several crucial developments are shaping the landscape. The country finds itself in the midst of a hectic earnings season, with results delivering a mixed bag of outcomes. Both the Nifty and Sensex endured a 1% fall, further compounded by mid-cap stocks underperforming significantly. This downturn in the mid-cap segment set a bearish tone and tilted market breadth in favor of declines. Notably, FMCG stocks such as ITC and HUL underperformed after their results disappointed investors. Additionally, city gas distribution companies like IGL and MGL faced substantial underperformance amid growing concerns about new developments. Over the weekend, two prominent banks, Kotak Mahindra Bank and ICICI Bank, released their earnings reports. Kotak Bank, in particular, announced the appointment of a new CEO, a development poised to influence market sentiment. Today, investors are keeping a close watch on pharmaceutical companies and Asian markets, as these factors are likely to influence the course of our own markets. Tune in to the Marketbuzz Podcast for more news and cues ahead of today's session

The markets on Thursday, October 19, did recover from lows, but closed in the red, for the second consecutive trading session. Foreign institutional investors net sold around ₹1,093 crore, while domestic institutional investors net bought around ₹736 crore. So, net net institutions were sellers in Thursday's trade. US Fed ChairJerome Powell indicated in a speech yesterday that inflation is too high and it's likely to require lower economic growth. The US treasury yields have jumped to 5% which is the highest level since 2007. US markets did close lower on the backdrop of the US Fed chief's comments. Asia is largely in the red and we have crude prices which are above $90 dollars on nagging worries about the Middle East. These cues do not seem seem to be boarding too well for our markets. The GIFT Nifty is indicating a start in the red for the Indian benchmark indices, Nifty 50 and Sensex. In terms of earnings, watch out for reactions from ITC, HUL, United Breweries, among others. Today, Central Bank of India, JSW Steel, Laurus Labs, are among the companies reporting their earnings today. On Saturday, October 21, ICICI Bank and Kotak Mahindra Bank will be reporting their earnings and so the markets will be focused on these as well.

Indian benchmark indices — Sensex and Nifty 50 — are likely to make a gap-down opening in the trading session of October 19, after weakness in IT and financials kept the markets under pressure in the previous session. The domestic market is tracking a selloff in global stocks as worries of escalating tensions in the Middle East triggered volatility in oil prices. India's GIFT Nifty was down 0.11% at 19,572.50 as of 8:07 am. The Nifty 50 closed 0.71% lower on October 18 at 19,671.10. All three major Wall Street indexes lost over 1% after a call for oil embargo on Israel by Iran triggered a spike in crude prices on fears of a spillover of the Israel-Hamas clashes into a wider conflict. Asian markets declined, with the MSCI Asia ex-Japan index falling over 1%. Brent crude futures rose to an intraday high of $93 per barrel on Wednesday, their highest since the beginning of the Middle East conflict. Back home, Wipro, LTIMindtree, IndusInd and Bajaj Auto were among the stocks that reported earnings for the quarter ended September 30, and therefore the stocks are likely to react. Meanwhile, HUL, ITC, Nestle and UltraTech, among others, will post their quarterly results later in the day. Tune in to the podcast for more cues

Indian benchmark indices — Sensex and Nifty 50 — are likely headed for a muted opening on October 18, amid intensifying Israel-Palestine conflict and worries of a prolonged high-interest rate regime after better-than-expected US retail sales data. Meanwhile, oil prices are soaring with Brent spiking above $90 per barrel ahead of US President Joe Biden’s visit to Israel later in the day. There has also been a hospital attack in Gaza, which the Street will watch to gauge if there are any kind of larger ramifications. US markets closed on a muted note. US retail sales were up 0.7%, better than estimates and Bank of America and Goldman Sachs earnings were in focus. Asian markets too were largely lower in morning trade and the Gift NIFTY indicated an implied start in the red. Stocks to track: Bajaj Finance, Bajaj Auto, Wipro, Zensar Technologies, LTIMindtree Tune in to Marketbuzz Podcast for more news and cues ahead of the session

Indian benchmark indices — Sensex and Nifty 50 — are likely to start the trading session of October 17 in green with HDFC Bank and Jio Financial in focus a day after the companies reported their September quarter earnings. In the previous session on October 16, the markets ended flat after a range-bound session and the Nifty 50 held on to 19,700. The Nifty bank slipped around 52 points but the broader markets did better with the mid-cap index rising around 70 points. It was a record closing low for the rupee in the previous trading session. Meanwhile, Brent crude has stabilised at around $89 per barrel and the Street is tracking the near-term impact of the Israel-Hamas war and the Venezuela deal on crude prices. In the overnight session on Wall Street, US markets closed higher. Bank of America and Goldman Sachs are due to release their numbers in the session later in the day. Asian equities were trading largely higher in morning trade and the GIFT Nifty indicated a positive start for the domestic Indian market. Stocks to watch: HDFC Bank, Bajaj Finance, Happiest Minds, LTTS Tune in to the Marketbuzz Podcast for more news and cues ahead of the session

Indian benchmark indices — Sensex and Nifty 50 — are likely headed for a muted opening in the trading session of October 16. This follows the market's inability to sustain intraday gains during the previous session on October 13, especially due to a late-hour dip in bank recoveries. Global oil prices have surged by approximately 6% due to heightened geopolitical tensions in Israel. However, on October 16, oil prices experienced a decrease, partially reversing the rally observed on October 13. Investors are on the lookout to determine whether the Israel-Hamas conflict escalates, potentially involving other nations and consequently driving prices higher, which could adversely impact the global economy. Brent futures exhibited a decline of 0.4% to reach $90.55 per barrel, while US West Texas Intermediate (WTI) crude dropped by 41 cents, or 0.5%, to $87.28 a barrel as of 3:18 am. These shifts followed the notable 6% increase in both benchmarks during the previous session, marking their highest daily percentage gains since April, as investors factored in the likelihood of an extended Middle East conflict. In recent developments, Iran issued a warning through a social media post, emphasizing the need to halt what they termed "war crimes and genocide" by Israel, cautioning about potential far-reaching consequences if action is not taken. This warning came after Axios reported that Tehran had conveyed a message via the U.N. to Israel, indicating that any ground offensive in the Hamas-controlled Gaza Strip would elicit a response from Iran. The US market, meanwhile, closed lower on October 13 but was up for the second consecutive week. In morning trade, Asia was largely low and the GIFT Nifty indicated a softer start as earnings continue to be in focus. Avenue Supermarts released its financial results over the weekend, and its stock is likely to exhibit a reaction in response. Furthermore, HDFC Bank, Federal Bank, Bank of Maharashtra, ICICI Securities, and Geo Financial Services are slated to announce their earnings for the July to September quarter later in the day. These companies are all set to release their financial figures today. Tune in to the Marketbuzz Podcast for more news and cues

Indian benchmark indices — Sensex and Nifty 50 — are likely to make a gap down opening dragged by IT stocks in the trading session of October 13. The cues ahead of the session are very weak as both domestic as well as global markets continue to remain quite muted. In the US, all major market indices closed nearly half a percent lower, and the US 10-year yield has reached 4.68%, following a nearly 0.4% increase in the US CPI data on a month-on-month basis. However, the spotlight remains on the Indian information technology sector. Despite TCS offering an extensive buyback at a price premium to the day's closing price, the stock ended lower due to TCS's weak operating performance. On October 12, Infosys and HCLTech reported results that are likely to disappoint the market today. Both companies revised their guidance for the remainder of the year, leading to a decline in their respective American Depository Receipts (ADRs), with Infosys ADR dropping by over 6% and Wipro ADR ending over 3% lower. Nifty IT has been an outperformer compared to the Nifty 50 in the last three months, the Nifty IT pack has gained over 7.5% while the Nifty is up just around 2%. Infosys, meanwhile, has risen over 6.5% over the past three months but despite the muted Q1 results, the stock saw a significant amount of recovery. Tune in to the Marketbuzz Podcast for more cues and news

Indian benchmark — Sensex and Nifty 50 — are likely to start the trading session of October 12 on a positive note with IT stocks like Tata Consultancy Services (TCS), Infosys and HCL Tech in focus. While TCS has posted a muted quarter, analysts suggest a similar earnings report for the other two as well. The spotlight remains on significant deals, mirroring TCS's scenario, expected to drive revenue growth in the latter half of the fiscal year and the subsequent financial year. HDFC AMC is set to release its financial numbers later in the day. Global markets are showing optimism, with attention on the potential pause in US Federal Reserve rate hikes amid geopolitical tensions. Asian shares saw an uptick on October 12, buoyed by more dovish comments from Federal Reserve officials, hinting at a potential peak in US rates. Traders are eagerly awaiting the US consumer inflation report for insights into future monetary policy. Brent crude prices have eased to approximately $85 per barrel. Meanwhile, Indian equities are receiving support, notably from CLSA upgrading India to 'overweight,' a record inflow of over Rs 16,400 crore for Systematic Investment Plans (SIPs) in September, and a reduction in the intensity of selling. On the macroeconomic front, India's retail inflation data is anticipated to soften to around 5.5%, compared to the previous 6.83% on a month-on-month basis. Investors are also keen on the US inflation data scheduled for later in the day. Tune in to Marketbuzz Podcast for more news and cues ahead of the session

Indian benchmark indices — Sensex and Nifty 50 — are likely to open with minor gains on October 11, tracking global peers amid easing US rate concerns and stability in oil prices. In the previous session on October 10, the Nifty 50 closed just shy of 19,700. There was a 0.9% move in Sensex and Nifty 50 while IT caps outperformed with 1.4%. Meanwhile, on Wall Street, the S and P 500 gained half a percent and the Nasdaq rallied 0.7%. This was on the back of the easing of the U.S. 10-year bond deal and oil prices that have remained steady despite the conflict continuing in the Middle East. Oil prices have been steady for the last two days with Brent currently hovering around $88 per barrel. In the domestic market, the level to watch on the Nifty immediately will be the 20-day moving average at 19,769. Among stocks, TCS will be tracked even as its results for the September quarter will be released only post-market. It is likely to be a muted quarter with just 0.8% sequential top-line growth, according to a CNBC-TV18 poll of analysts. The focus will be more on the commentary as the street expects a recovery in the 2024-25 fiscal. Another thing to track would be the buyback that the company said it would consider today. Delta Corp will also announce its quarterly earnings later in the day. Meanwhile, Bank of Baroda has banned the onboarding of new customers on its mobile app, which is to moderate the pace of new customer acquisition to some extent. Also, confirming the CNBC-TV18 newsbreak, MCX has said it will go live with its new platform on October 16. Tune in to the podcast for more news and cues ahead of the session

Indian benchmark indices — Sensex and Nifty 50 — will likely open in green on October 9, following the slump in the previous session in which the Nifty 50 almost slipped to levels of 19,500. The gains in the domestic markets shall come given the rebound in the global markets though Middle East tensions continue. The conflict between Israel and Hamas continues to intensify but the global markets are now shrugging off the weakness.The US markets ended with strength. Dallas Fed President Lorie Logan said the recent rise in long-term U.S. Treasury yields, and tighter financial conditions more generally, could mean less need for the Federal Reserve to raise interest rates further. Meanwhile, the GIFT Nifty is also suggesting a positive start for the domestic market Stocks to track: Dr Reddy, IDFC First Bank, Glenmark Lifesciences, Mazagon Dock, Hindustan Zinc Tune in to the Marketbuzz Podcast for more news and cues

Indian benchmark indices — Sensex and Nifty 50 — are likely to make a gap-down opening on October 9. Though the trading session of October 6 ended on a positive note, the geopolitical tensions in Israel may halt the two-day rally of Nifty 50. The Nifty 50 closed above 19,600 in the previous session, half a percent rise. Wall Street in the US too witnessed a solid session following stronger-than-expected jobs data. Over the weekend, Palestinian group Hamas launched a surprise attack on Israel, and the conflict has dragged down for the third consecutive day. Following the attack, crude prices have already started rising. Brent crude has risen 4% overnight to above $88 a barrel on the back of the Israel-Hamas skirmish. The question is, whether this conflict is more localized or if will it broaden out regionally to engulf oil-producing countries like Iran. If that's the case, it needs to be seen whether net-importing countries like India will also underperform also. Stocks to Watch: TCS, Titan, MCX, HDFC Bank, Reliance Industries and more Tune in to the Marketbuzz Podcast for more

Indian benchmark indices — Sensex and Nifty 50 — are likely to start the trading session of October 6 on a flat note, though it’s a key session to watch Reserve Bank of India (RBI) governor Shaktikanta Das is due to announce the bi-monthly Monetary Policy decision at 10 am. While the consensus is that RBI shall keep key interest rates and its withdrawal stance unchanged, the central bank governor’s commentary is key to track. The second factor to watch is the September jobs data of the United States. In the overnight session, all indices ended flat but macro indicators moved a bit to tumble lower. Crude prices, meanwhile, are below $84.5 per barrel, 2% down compared to the previous day. It's also down 12% at a fresh five week low. The session of October 6 was a fairly good one for the domestic market, largely steady. Stocks to watch: Bajaj Finance, PB Fintech, Adani Wilmar, Tata Motors, Godrej Consumer Tune in to the Marketbuzz Podcast for more news and cues

Indian benchmark indices — Sensex and Nifty 50 — are likely to start the trading session of October 5 with minor gains even as the domestic market started the month on a weak note. Tune in to the Marketbuzz Podcast for more cues

Indian benchmark indices — Sensex and Nifty 50 — are likely to start the trading session of October 4 on a weak note, tracking global peers. On Wall Street on October 3, there was a steep selloff seen across all three indices — Dow Jones, S, and P 500 as well as NASDAQ. Oil prices, meanwhile, rebounded from three-week lows. Brent crude futures hovered around the $90.61 a barrel mark this morning. In the domestic market, the Nifty 50 managed to hold on to the 19,500 level on October 3. The front line indices ended with cuts but the broader end of the markets outperformed witnessing significant recovery and managing to end with the green. Key stocks to watch on October 4: Avenue Supermarts, SAIL, Adani Enterprises, Bajaj Finance, Mahindra Finance Tune in to the Marketbuzz Podcast for more news and cues

Indian benchmark indices — Sensex and Nifty 50 — are likely to start the trading session of October 3 on a subdued note, tracking global cues. The US stock market ended with cuts even as the government shutdown was averted. In fact, all indices on Wall Street ended September with deep cuts. Meanwhile, oil prices that saw a significant surge in the last two to three months have witnessed a bit of selling pressure over the last few sessions. Brent crude was trading near the $88.82 a barrel mark. In the domestic stock market, there was significant selling pressure on September 27 and September 28, however, the market managed to bounce back in style on September 29 and ended September on a strong note. The pharma index and the metal pack were among the top gainers in the session while the IT index was among the top underperformers. In the trading session of October 3, the shares of JSW Infra, the second largest sports company in India, will make their debut on the exchanges. As most auto companies have declared monthly auto sales numbers and banks too have reported quarterly performance, auto and banking stocks will be in focus today. Meanwhile, Chinese markets are shut for the entire week on account of regional holidays. Tune in to Marketbuzz Podcast for more news and cues

Indian benchmark indices — Sensex and Nifty 50 — are likely to open slightly higher on September 29, tracking gains in Asian peers as global markets stabilised from a recent sell-off, while crude prices eased from 10-month highs. India's GIFT Nifty was mostly unchanged at 19,636 points at 8:05 am on the NSE International Exchange. In the trading session on September 28, the markets were unable to sustain gains. The Nifty 50 ended at a nearly one-month closing low on the expiry day with 43 out of 50 stocks closing in the red. However, for September overall, the Nifty 50 was higher by around a percent and a half. The markets in the past few trading sessions seemed to have been weighed down by cues such as higher Brent crude prices, the idea of higher for longer rates, higher yield and dollar, and concerns emerging on China's property market. However, in the overnight session, crude oil prices softened a tad bit and US markets ended higher. Europe also snapped its five-day losing streak. Meanwhile, Asia markets were trading largely higher this morning, implying a rebound. The Reserve Bank of India (RBI) policy is due next week from October 4-6. Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are likely to make a flat start in the trading session of September 28, as global markets continue to weigh down sentiment. Investor confidence worldwide is experiencing a dip, primarily due to the surge in crude oil prices and rising yields. Brent crude prices have surged to approximately $97 per barrel, marking the highest level witnessed in 2023, attributed to factors like a constrained global supply. In the recent overnight session, the US market witnessed a downturn, while European markets concluded at a six-month low. Asian markets, on the other hand, demonstrated a mixed trend. Notably, in China, property developer Evergrande Group has decided to halt trading in Hong Kong, along with its electric vehicle and property services divisions, following reports suggesting the arrest of founder Hui Ka Yan by authorities. Adding to the mix, as September approaches its end with two trading sessions remaining, Indian equities are on track to experience their first outflows from Foreign Portfolio Investors (FPI) in seven months. FPIs have withdrawn over $1.5 billion from Indian equities this month, prompted by rising bond yields and a stronger US Dollar, leading them to exercise caution and reevaluate their positions. September 28 also marks the settlement day for the futures and options contract for the September series. On the macroeconomic front, India's core industry data is scheduled for release later in the day, while globally, the US GDP and initial jobless claims are awaited for further insights. Tune in to the podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are projected to commence the trading session on September 27 on a negative note, mirroring the trend in global markets. On Wall Street, the Dow recorded its most significant one-day percentage decline since March, with all three major averages closing at their lowest levels in over three months. The Dow Jones Industrial Average fell 1.14 percent, the S&P 500 lost 1.47 percent and the Nasdaq Composite dropped 1.57 percent in the overnight session. This dip was influenced by weak economic data, including new home sales and an unexpected decline in consumer confidence. Asian stocks displayed a mixed trend on the morning of September 27, while US Treasury yields hovered near multi-year highs, reflecting concerns among investors about both stocks and bonds due to apprehensions regarding prolonged higher interest rates. Meanwhile, GIFT Nifty suggested a flat start for the domestic market. The September 26 session was a range-bound session with the Nifty 50 trading in the 19,006 50 to 19,700 range. The index ended at 19,665, a cut of 10 points while the Sensex slipped 78 points to 65,950. Despite this, it's worth noting that Indian markets have showcased notable resilience throughout the month, currently being ranked as outperformers, with an increase of approximately 2.1 percent. The mid-cap index has notably surged by 3.1 percent, diverging from the downward trend observed in global markets. The upcoming expiry session on September 28 holds significance, and market watchers are keen to observe whether Indian markets will continue their outperformance. Key stocks under focus for the day include Century Textiles, REC, and Punjab National Bank. Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are likely to open lower in the trading session on September 26, amid continuous foreign outflows from the domestic market while the global sentiment is subdued. India's GIFT Nifty was down 0.4 percent at 19,655 points at 7:53 am on the NSE International Exchange. On September 25, the Nifty 50 and the S&P BSE Sensex closed mostly unchanged at 19,674.55 points, and 65,958 points, respectively. The benchmarks have fallen nearly 3 percent after hitting all-time highs in mid-September. On September 25, foreign institutional investors sold Rs 2,300 crore worth of shares, while domestic investors bought Rs 1,580 crore worth of shares, as per provisional exchange data. In terms of the larger picture, there is some optimism with the inclusion of India's bonds in JP Morgan’s EM index. Jamie Diamond, for instance, has said it will enable additional foreign inflow of around $25 billion overnight. Meanwhile, the US markets closed higher in the overnight session. Asian markets were largely mixed this morning. Brent crude was hovering at around $93 per barrel. Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are likely to make a muted opening on September 25, after declining for the fourth straight day on September 22. This comes amid fears that global interest rates will remain higher for longer. India's GIFT Nifty was up 0.25 percent to 19,692 points at 7:53 am on the NSE International Exchange. Last week was the worst for the Sensex since June 2022 as the index witnessed a drop of 2.7 percent. Meanwhile, the Nifty 50 index recorded its worst week since February. Shares of casino operator Delta Corp will be among those in focus today as the company on September 21 said it has received a notice to pay taxes worth Rs 111.4 billion along with interest and penalty for the period between July 2017 to March 2022. PSU banks have remained resilient, despite the overall decline. Investors will eye the possibility of any further buying within this space. Meanwhile, JP Morgan will add Indian bonds to its market debt index, it remains to be seen whether that will spark more movement in the market. Any developments in India-Canada relations will also be keenly watched. Globally, while US markets closed lower on September 22, Asian markets this morning were largely mixed, with the GIFT Nifty indicating a softer start for the Indian market. Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are likely to open marginally higher on September 22, Friday, with IT stock Wipro and banks in focus. All eyes will be on banking stocks as JPMorgan has said it will add Indian bonds to its Emerging Markets (EM) Debt Index. India will have a weightage of 10 percent in the index. The inclusion will be staggered over a 10-month period starting June 2024. Against this backdrop, bond deals and rupee will be in focus as active fund managers will begin to position themselves ahead of this inclusion of the Indian government bonds to the benchmark index. There has been a lackluster handover from the US markets that saw the biggest drop in six months. The NASDAQ index fell 100 points, close to two percent, in the trading session. Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are likely to open lower on September 21, Thursday, after the US Federal Reserve indicated it expected interest rates to remain higher for longer. The Federal Reserve on September 20 held interest rates steady but stiffened its hawkish stance with a further rate increase projected by the end of the year. The development in the US has left equity markets reeling under selling pressure. In the overnight session on Wall Street, the Dow Jones index ended 0.2 percent lower, S&P declined almost a percent while the tech-heavy Nasdaq index closed 1.5 percent lower. Asian stock markets took a hit as investors exited riskier assets to take refuge in the safe-haven greenback after the US central bank struck a hawkish tone. Meanwhile, Wednesday's trading session saw oil prices cool off from the recent peak. Oil prices have now hit a one-week low with futures hovering around the $90 a barrel mark. Back home in the Indian market, Nifty 50 ended below the 20,000 level on September 20. Heavyweight stock HDFC Bank was one of the top drags on the back of analysts cutting their estimates for the bank's earnings following an analyst meet. Stocks to Watch: Fino Payments, Cipla, Biocon, Adani Green Energy, Coal India Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are likely to open lower on September 20, Wednesday, tracking global cues. GIFT Nifty was trading at a discount of nearly 100 points from Nifty Futures Monday close, indicating a gap-down start, which indicates the domestic market. In early trade, Asian stocks struggled for headway while 10-year US Treasury yields stood at 16-year highs as surging oil prices drove inflation. In the overnight session, meanwhile, equities on Wall Street closed lower. It must be noted that Indian markets will react to two days of global cues from Monday as well as Tuesday. In two days, US’ Dow and Jones has lost a percent and the S and P 500 has slipped a percent while the tech heavy NASDAQ has declined by 1.8 percent. Crude prices hit a high of $95.96 per barrel yesterday and settled below 95 on the count of profit booking, but it's still at a 10-month high, which is a bit of a worry. Among other global cues to track is the Fed decision, due later in the day, which will be crucial. It is likely that there will be no rate change policy this time but the commentary will be very important. In the domestic market, bank stocks will be in focus, especially HDFC Bank. The Reserve Bank of India (RBI) has approved the reappointment of Sashidhar Jagdishan as MD and CEO of the lender till October 26, 2026. The firm also held an analysts meet on Friday where it indicated that HDFC’s individual gross NPA ratio stood at 1 percent for the June quarter compared to 0.75 percent in March, while non-individual gross NPA ratio saw a sharp spike from 2.9 percent in March to 6.7 percent in June. Tune in to the Marketbuzz Podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are likely to begin the September 18 session on a cautious note, days after economic data from China. Investors will also look forward to the US Federal Reserve's policy meeting due this week. India's GIFT Nifty on the NSE International Exchange was up 0.1 percent to 20,186.5 by 7:55 am. The Nifty 50 and Sensex gained nearly two percent each last week and are expected to continue their stellar run. Separately, foreign investors bought Rs 1.64 billion worth of shares on a net basis on Friday, while their domestic peers bought Rs 19.39 billion worth of equity, according to stock exchange data. Meanwhile, Asian stock markets fell in early trade today as China's key property sector continued to remain under stress despite positive data from the country showing signs of stabilisation. Stocks to watch: Bharat Electronics, Axis Bank, HFCL Ltd, Tata Steel, Dhanlaxmi Bank, Vodafone Idea. Tune in to the Marketbuzz Podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are set to open higher on Friday, September 15, tracking Asian peers, as stronger-than-expected macroeconomic data from China and easing US rate concerns aided sentiment. India's GIFT Nifty on the NSE International Exchange was up 0.10 percent at 20,238.50 at 8:00 am. Asian equities rose this morning after data showed that August industrial output and retail sales growth in China beat expectations. Wall Street equities closed higher overnight, on rising expectations of a US Federal Reserve rate pause in its upcoming policy meeting on September 20. The only two macro headwinds are rising crude prices with Brent having crossed $94 per barrel and the other one is dollar index, which has increased to levels above 105. It's negative for emerging markets and high-yield assets like India in terms of flows. NTPC, Bharat Forge, Infosys, and Lemon Hotels are some of the stocks to watch in today's trade. Tune in to the Marketbuzz Podcast for more news and cues ahead of today's session

Indian benchmark indices — Sensex and Nifty 50 — are set to open higher on Thursday, September 14, day after the US inflation data indicated the likelihood of a pause in the rate hike cycle by the Federal Reserve later this month. India's GIFT Nifty on the NSE International Exchange was up 0.16 percent at 20,178 at 7:57 am IST. In the overnight US market session, Dow Jones saw selling pressure towards the end while S and P 500 and NASDAQ managed to close about the green line. The key trigger and key commodity to track is oil prices that cooled off marginally yesterday. But now they continue to trend near a 10-month high futures, trading closer to the $89 a barrel mark while Brent futures trade closer to the $92 a barrel mark. Back home, the primary market activity in India continued to remain buoyant. Two new IPOs — Zaggle Prepaid Ocean Services IPO and Samhi Hotels IPO — open for subscription today. Tune in to Marketbuzz Podcast for more news and cues

Indian shares were set to open higher on Wednesday, with the benchmark Nifty 50 and Sensex hovering around record highs after data showed retail inflation eased and industrial output rose. India's GIFT Nifty on the NSE International Exchange was up 0.22 percent at 20,073.50 at 7:51 am. The benchmark Nifty 50 and the S&P BSE Sensex closed little changed in a volatile session on Tuesday. Data released after the bell showed that India's retail inflation eased in August to 6.83 percent but still above the upper end of the Reserve Bank of India's two percent to six percent target range, aided by a moderation in food prices. The Indian market has been trending near lifetime high levels comfortably about the 20,000 mark and the mid cap and small cap indices were at lifetime highs. However, in a single trading session, what's actually happened is that there has been quite a steep sell off, also aided by worries that a certain hedge fund portfolio got liquidated in yesterday's trading session. However, FII data indicate that there isn't too much to panic. In the US markets overnight, all the major industries posted losses with the tech-heavy NASDAQ taking the brunt of the selling pressure given that Apple shares saw sell-off post the launch event. Brent futures were higher by 1.6 percent and were closer to the $92 a barrel mark. Oil prices continue to trend higher on the back of OPEC maintaining robust demand guidance. Tune in to Marketbuzz Podcast for more news and cues

Indian benchmark indices — Sensex and Nifty 50 — were set to open little changed on September 12, a day after Nifty 50 hit a record high in the previous session, ahead of retail inflation data for August. India's GIFT Nifty on the NSE International Exchange was up 0.06 percent at 20,130.50 at 8:07 am. Nifty 50 and the S&P BSE Sensex rose in the last seven sessions, adding 3.86 percent and 3.54 percent, respectively, after data showed that India's economy expanded at the fastest pace in a year in the June quarter. The Nifty 50 breached the 20,000 mark for the first time ever on Monday, hitting a fresh record. The Sensex settled 500 points away from the record high hit on July 20. Yesterday was a very good day for equity markets worldwide with all of the US indices ending higher with NASDAQ gaining over a percent. Oil prices yesterday were largely flat with futures trending closer to the $87 a barrel mark. While Brent futures now continue to hover slightly about the $90 a barrel mark in the trading session. Meanwhile, July industrial production data and CPI data will come out today. Also, the IPO of TPG Capital-backed RR Kabel is also set to open for subscription today. It remains to be seen how much further the markets move higher and whether 20,000 can be maintained on a sustainable basis. Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session

For today there are a very mixed set of queues as far as BSE Sensex and Nifty 50 are considered. While US markets ended Friday's session on a positive note, it's important to note that all of the US indices ended the week on by with cuts. Also, another important queue is the fact that oil prices now are trading near a nine month high. Brent futures have gone ahead and breached the $90 a barrel mark on the upward trend. So oil prices continue to move higher, indicating a certain amount of worry, however Indian market continued to outperform in the last week. On Friday, Nifty 50 saw the sixth straight session of gains aided by heavyweights. In fact, Indian markets managed to outperform other emerging markets and even most developed markets. In last week the important trend was the fact that you actually saw metals PSU stocks, especially the CPSE index, as well as oil and gas stocks continuing to outperform. Going into today's trading session there are quite a few important queues to keep an eye out for. Number one AMFI would be releasing the monthly data. Also a company Rishabh Instruments would be listening today, Jupiter hospitals, this particular stock or this particular IPO company has actually been oversubscribed over 64 times on last day. Furthr TVS supply chain the company that recently listed on its exchanges would be delivering its results today, Asian markets however, indicate a muted opening, but the GIFT NIFTY after adjustments actually indicates a slightly positive start and this will be something that we need to keep an eye out for. Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are likely to make a subdued opening on September 8, tracking weakness in Asian peers and overnight losses on Wall Street after US jobless claims data renewed worries about interest rates staying higher. India's GIFT Nifty on the NSE International Exchange was up 0.1 percent at 19,789.50 at 7:48 am. Asian markets were down this morning while in the overnight session, Wall Street indexes slipped after a drop in weekly US jobless claims suggested interest rates may remain higher for longer. The Nifty 50 and the Sensex extended gains for the fifth straight session on September 7, recovering nearly 2.5 percent from the near two-month lows hit late August. If the trend holds, the benchmarks are on track for their second straight weekly gain. Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are set for a muted opening on September 7, tracking weakness in Asian markets and overnight losses in the US amid rising Treasury yields. India's GIFT Nifty on the NSE International Exchange was unchanged at 19,625 at 8:01 am. Asian markets declined this morning, while Wall Street indexes fell after stronger-than-expected US services sector data suggested interest rates will remain higher for longer. Brent crude prices continue to remain at around 10-month highs, with Brent crude at $90 per barrel. In the last trading session, the Nifty 50 and the Sensex extended gains for the fourth straight session on Wednesday, recovering two percent from the near 2-month lows hit late August. Meanwhile, the markets will also be watching out for the G20 Summit that kicks off over the weekend. Tune in to the Marketbuzz Podcast for more news and cues ahead of today’s session

The Indian benchmark indices Indian benchmark indices — Sensex and Nifty 50 — closed in the green on September 5 for the third consecutive session. The midcap index ended at a record high. However overnight, the global queues seemed to be a little bit sluggish and the US markets closed lower. Global cues to look out for is the Brent Crude which has moved up to a 10-month-high this point in time and the Asian market which are largely mixed at this point. The implied open for the Gift Nifty is indicating that it is going to be a little bit of a softest start for our markets to watch out for the flow picture because FIIs have net sold in the cash market for the second consecutive trading session. Overall, the next couple of queues to watch out for would be the G20 summit which is on September 9 and 10. Additionally, following that, there is the CPI data which will be out from the US as well as India on the September 12 and 13. Another cue to look out for is the fed meet towards the third week of September. Tune in to the Marketbuzz Podcast for more news and cues ahead of today's session

Indian benchmark indices — Sensex and Nifty 50 — are set to open flat on September 5, after logging gains for two sessions, on hopes of a US Federal Reserve rate pause, China's support for its property sector as well as strong domestic macroeconomic data. India's GIFT Nifty on the NSE International Exchange was up 0.01 percent at 19,600 at 7:55 am. Asian markets declined, with the MSCI Asia ex-Japan index falling 0.84 percent ahead of key macro data from several countries including China. US markets were closed on Monday due to a local holiday. Brent crude continues to hover at around $88 per barrel. For the domestic market, Nifty 50 is indicating a slight negative start this morning. Railways and sugar stocks will be in focus. The G20 meet is on September 9 and 10, which will be a big cue to watch out for through the week. The longer term cue continues to be the US Fed meeting on September 19 and 20. Tune in to the Marketbuzz Podcast for more news and cues ahead of today's session

Indian benchmark indices — Sensex and Nifty 50 — are set to open marginally higher on September 4, on hopes of a US Federal Reserve rate pause later this month and strong domestic macroeconomic data. Kotak Mahindra Bank, sugar stocks, Jio Financial and Paytm will be in focus among other stocks. This comes as Uday Kotak announced his resignation as MD and CEO of Kotak Mahindra Bank over the weekend, while sources say Uttar Pradesh is likely to raise the state advisory price of sugar, which may have an impact on sugar stocks. The Indian markets started the September series on a strong footing, with the market posting its biggest single-day gain in two months on Friday. The India VIX, which is the volatility indicator, was down close to around six odd percent. Macros seem to have supported the domestic markets. The GST collections for August were up 11 percent year-on-year. India's manufacturing PMI came in at a three-month high for August. Global cues for the day remain intact. On Friday, the Dow and Jones closed more than 100 points higher, witnessing its best week since July. The US unemployment rate came in at 3.8 percent versus estimates of 3.5 percent. All these will be important data points for the US Fed, which meets later this month. Asian markets were largely mixed this time. The GIFT Nifty is indicating a positive start. Meanwhile, the G20 summit is scheduled for September 9 and 10. Tune in to the Marketbuzz Podcast for more news and cues ahead of the session

Indian benchmark indices — Sensex and Nifty 50 — are set to open marginally lower on September 1, on caution ahead of a key US jobs report, which could influence the Federal Reserve's rate decision later this month. India's GIFT Nifty on the NSE International Exchange was down 0.20% at 19,390 at 8:18 a.m. IST. Wall Street equities were mixed overnight after the personal consumption expenditures (PCE) price index, the Fed's preferred measure of inflation, met expectations, easing rate concerns. Investors now await the non-farm payrolls report, due later in the day. Tune in to the Marketbuzz Podcast for more news and cues ahead of session

The US markets closed higher yesterday with minor gains. The Dow Jones was up 0.1 percent, the S&P 500 gained 4 percent, the Nasdaq rallied close to around 0.5 percent. The Nasdaq closed higher for the fourth successive session. The US second quarter GDP was revised lower. The last estimate was for 2.4 percent annualised growth, and now they are saying the second quarter GDP grew less than that at 2.1 percent, pointing to softer economic growth. Also, the ADP jobs data showed the job addition,in August was 177,000. This is lower than economists expectations and sharply lower than the July number of 371,000. This jobs data is also seen as a precursor to the monthly data, which will be reported by the Labor Department on Friday. That will give us a clearer picture, it's the more track number. The dollar index eased and is now currently just above 103-103.1. The crude prices inched up a bit and are now closer to $86. Yesterday, the Indian market started off trade higher, went to levels of 19,450, but retreated from that level to finally close absolutely flat. The 20-day moving average (DMA), which is 19,450 got rejected. This is going to be an important resistance level for a market. The support is going to be 19,229. But today is the August series expiry. Now the last four series have been positive for the Indian market. If things close right now as they are then in August series we're likely to see a cut. The Nifty is down close to about 350 points in the August series. Post market close today, is the July core and fiscal data deficit at 5pm as well as the domestic first quarter GDP data at 5.30pm. Economists estmate it to be a 7.9 percent growth. The domestic institutional investors (DIIs) bought Rs 1,323 crore in the cash market, while the foreign institutional investors (FIIs) sold Rs 494 crore in the cash market. But again, the flows have been skewed by the multiple block deals and yesterday, you had a block deal coming through in Zomato, where Softbank sold a little more than 1 percent. There are two important block deals yet again. The first one is Sula, where Verlinvest Asia is looking to offload around a 12.5 percent stake in a blockchain, which is sized at Rs 540 crore and the price indicator is about Rs 473 to Rs 508. Medplus is also looking at block deal. The size is about Rs 860 crore and the seller could be Premji Invest and Lavender Rose. There are two order wins as well. RVNL bagged a Rs 256 crore order from Maharashtra Real Corp and the other is BHEL, which bagged an order to set up a super thermal power project at Chhattisgarh. Nazarat Tech has said there is a board meeting on Septemebr 7 and they will consider issuance of equity on a preferential basis. Aeroflex Industries will be listing today. The issue price is Rs 108 per share. It was heavily subscribed — 97 times.

Indian benchmark indices — Sensex and Nifty 50 — are likely to make a subdued start on August 30, a day after the government announced a Rs 200 price cut on LPG prices. Therefore, market participants will await how oil market companies (OMCs), including Indian Oil, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited will react to the development. Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session

GIFT Nifty is suggesting a positive start to the Indian markets. US markets have ended in the green with gains of around 0.6 to 0.8 percent. The rally continues in Hang Seng. Over the weekend, China had cut the stamp duty on stocks, so it spurred a rally in Asian markets, particularly Hang Seng and Shanghai. This morning, the strength continues in markets like Hang Seng. Yesterday, in the second half of the trading session, as Reliance Industries stock price came under pressure, markets gave up from the day's high and finally ended closer to 19,300, a gain of about 0.2 percent. The resistance level for a market has emerged to the 50 day moving average aroun d the 19,380 mark, that was also around the intra-day high yesterday. On the way down, 19,200 19,250 has emerged as a support level. On Friday, the Intraday low was 19,229, on Monday, the intra-day low was 19,250. Over the last 10 sessions, Nify has taken support between 19,200 and 19,300 five times. So, in this consolidation band, the 19,250 level has emerged as an important support level, Today is also the weekly Fin Nifty expiry, tomorrow is the first quarter GDP print, Thursday is the August series expiry and Friday the August auto sales numbers will be out. In terms of flows, the domestic institutional investors (DIIs) net bought Rs 1,264 crore in cash on Monday, while foreign institutional investors (FIIs) net sold Rs 1,393 crore in the cash market. The stocks that should be on your radar include Gokuldas Exports because the company has entered an agreement to acquire an apparel manufacturer, lots of stock should be on a radar go exports because the company has gone ahead and entered into an agreement to acquire an apparel manufacturer Atraco Group for $55 million. The latter has a very strong market position in US and Europe. The product range includes shorts, pants, shirts, t-shirts, dresses, blouses, etc. The company will be funding this via debt and internal accrual. So the Street is quite excited with the prospect. NBCC and SJVN have won orders. For SJVN it is a letter of acceptance, for NBCC it is a Rs 66 crore order win. For APL Apollo Tubes we understand the promoter is likely to sell some stake in the company for approximately Rs 400 crore, which is around 0.85 percent of the equity. The base issue is Rs 300 crore, but there is a green shoe option of Rs 116 crore. PG Electroplast has also launched a QIP to raise Rs 500 crore. The implied dilution is around 14 percent. Zomato witnessed a big block deal yesterday. Tiger Global has sold 1.4 percent of its stake in it. Tune in to the Marketbuzz Podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are likely to make a positive start on August 28, ahead of the Reliance Industries annual general meeting due later in the day. The GIFT Nifty suggests a start with a gain of about 60 odd points for the Nifty 50 index on the back of positive global cues. US markets ended with gains on Friday with frontline indices climbed up to 0.9 percent. Nasdaq and S&P snapped their losing streak while the Dow and Jones. Asian shares rallied on Monday as China announced new measures to support its ailing markets, though the mood was cautious ahead of readings on U.S. jobs and inflation that could decide whether interest rates have to rise again. Oil prices drew some support from a sharp rise in US diesel prices, though concerns about Chinese demand remains a drag. Brent edged up 22 cents to $84.70 a barrel, while US crude rose 21 cents to $80.04 per barrel. Meanwhile, last week, Federal Reserve Chair Jerome Powell said the US economy could require further interest rate increases. The big thing to track today is Reliance Industries’ AGM, which begins at 2pm today. Tune in to the Marketbuzz Podcast for more news and cues ahead of today’s session

Today, we are looking at a very subdued set of cues form overnight markets. Dow Jones witnessed the worst session yesterday since March 2023. Markets are on tenterhooks ahead of US Fed Chair Jerome Powell's speech at the Jackson Hole symposium later today. Crude futures, crude oil prices continued on their downward trend. Yesterday ended flat with a negative bias with brent futures ending close to the $83 a barrel mark Indian markets on Thursday, being the weekly expiry, witnessed sharp selling pressure in the second half, with both Nifty and Nifty Bank giving up over a percent from their intre-day highs. The broader end of the markets continued their outperformance, with the midcap index continuing near its the lifetime high levels. Yesterday's session was however largely dominated by large block deals that happened -- Coforge, Mannnapurram Finance, etc. The trend is set to continue today as well with large blocks expected in Amber Enterprises and also in auto-anciallary company Uno Minda. Primary market activity too is quite hectic with Aerospace Industries oversubscribed over 97 times at the end of day three. Vishnu Prakash, which is an infrastructure EPC company, also witnessed an oversubscription of over 3.7 times. Asian markets as well as GIFT Nifty are indicating a gap down start for our own markets. Tune in to the Marketbuzz podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are likely to start August 24 trading session marginally higher. As the Jackson Hole Symposium begins today in the US, all eyes will be on Fed Chairman Powell's remarks on inflation and rate hike trajectory projection. In the overnight session on Wall Street, the tech-heavy NASDAQ index continued its upmove for the third trade session. Dow and Jones and S&P 500 also ended in the green. Crude oil prices continued to witness selling pressure. Brent futures fell lower by almost one percent to the $83.2 a barrel mark. In the domestic session yesterday, the Nifty 50 as well as the Sensex ended with a positive bias with the Nifty defending the crucial 19,400 level. Financial stocks outperformed. The midcap index yesterday too hit a fresh lifetime high. The other important set of stocks that rallied yesterday were names that were linked to the Chandrayaan-3 mission after the successful landing of the Vikram Lander. These stocks will be in focus today as well. Tune in to the Marketbuzz podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are likely headed for a subdued start on August 23 following weak overnight cues from the US and Europe markets. Traders also await the Reserve Bank of India's (RBI) policy meeting minutes and a key global central bankers' gathering. India's GIFT Nifty on the NSE International Exchange was up 0.24 percent at 19,360.50 at 8:19 am. The US indices continued a downward trend with banking stocks on Wall Street witnessing weakness as rating cuts continued. The Dow and Jones ended half a percent lower while the tech-heavy NASDAQ index managed to eke out a very minor gain. Crude oil prices saw a sell-off and the futures ended lower below the $80 a barrel mark. Brent futures went lower by half a percent to the $84 a barrel mark. Asian shares held tight ranges this morning, as investors awaited results from Nvidia to see if the sector's lofty valuations can withstand a jump in bond yields, while still gloomy factory readings from Japan left sentiment fragile. In the domestic market yesterday, the benchmark indices were largely flat in a range-bound trading session, ending on a positive note but the action continued in the midcap and small-cap indices. The midcap index hit a fresh record high in yesterday's trading session, clearly indicating the strength in the broader end of the markets. Meanwhile, TVS Supply Chain IPO is set for its debut today. Tune in to the Marketbuzz Podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are set for a muted open on August 22, on risk aversion due to persistent concerns over the health of China's economy and US interest rates. India's GIFT Nifty on the NSE International Exchange was up 0.03 percent at 19,395 at 8:05 am. In the previous session, Nifty 50 and Sensex rose as a rebound in information technology (IT) and financial stocks outweighed a slide in Reliance Industries following spin-off Jio Financial's lukewarm market debut. In the overnight session in the US market, NASDAQ rallied close to about a percent and a half. This is despite an absolutely flat closing. The Dow and Jones closed in the red. Meanwhile, pessimism about the Chinese economic outlook continues to weigh on the market. The focus is now on the Jackson Hole symposium as Fed Chair Jerome Powell is going to deliver a speech on August 25. The Indian markets will only react to this over the weekend and in the week that follows. Meanwhile, domestic investors also await the minutes of the latest monetary policy meeting of the Reserve Bank of India, due on August 24. Among the stocks to watch are Adani Enterprises, Welspun Enterprises, Tata Power and Brigade Enterprises. Tune in to the Marketbuzz Podcast for more news and cues ahead of today’s session

The GIFT Nifty is suggesting that the market it going to witness a muted start. The have been consolidating for a while. last week as well, Last week as well, the Nifty lost about 0.6-0.7 percent close for the week, which we've been broadly consolidating. There are a few important levels to track. All the way down, it will be the 50-day exponential moving average (EMA), which stands at 19,265. On the way up, the recent swing high of 19,482. Broadly, these would be two important markers that we will be tracking. From our all-time high levels, the Nifty lost about 3.4 percent, while the Sensex was down 3.9 percent last week. Last week, the US markets ended with considerable weakness — 2-2.5 percent gone on the key indices. The S&P 500 noted its third-straight week of losses. The focus will now be on US Fed Chair Jerome Powell's speech at the Jackson Hole symposium on August 25. The flows on Friday were fairly mixed. The foreign institutional investors (FIIs) sold Rs 266 crore, while the domestic institutional investors (DIIs) net bought Rs 340 crore. The key stocks to watch today are Jio Financial Serices, which is going to list on the stock exchanges at 10am. The price discovery pegged the price at Rs 261 per share. But the actual listing and the kind of demand we will know at 10am. On August 23, it also gets added to the MSCI index. Titan is the other stock to watch. They will be acquiring an additional 27.2 percent stake in CaratLane for Rs 4,621 crore. Titan alread had a 71.1 percent stake. So, with this additional 27.2 percent stake, Titan's stake in CaratLane will now be 98.28 percent. And the deal values CaratLane at Rs 17,000 crore. Gujarat Gas has hiked its industrial gas prices by around 6 percent. This is the first price hike after five consecutive price cuts by it in 2023. KEC International has won new orders worth Rs 1,007 crore. Vodafone Idea had a contract with Tanla Platforms for the SMS — application to payer. This contract expires on November 2023. Vodafone Idea has indicated that they will not be renewing the contract. So there is going to be a loss of revenue to Tanla Platforms and this contract instead has been awarded to Route Mobile. Tune in to the Marketbuzz Podcast for more news and cues ahead of the session

Indian benchmark indices — Sensex and Nifty 50 — are likely headed for a flat start on August 18 after US equities declined on rate concerns and choppiness in Asian equities on deflation and demand worries in China. India's GIFT Nifty on the NSE International Exchange was up 0.13 percent at 19,309 at 8:01 am. On Thursday, Nifty 50 and Sensex fell on Thursday, dragged by information technology (IT) stocks. The bluechips are down over 0.25 percent each this week so far as the equity risk has continued for this third trade session. The Nifty ended below the crucial 19,400 mark. Overnight on Wall Street, the Dow Jones closed lower by nearly 300 points and the NASDAQ was the most impacted, losing over 1.2 percent in yesterday's trading session. Asian market cues were also subdued this morning. Among stocks to watch are Punjab National Bank, Shriram Finance, Trent, TVS Motor, Zydus Lifesciences as these firms are to be included in Nifty Next 50, with effect from September 29. Tune in to the Marketbuzz Podcast for more news and cues ahead of the session

Indian equity benchmarks — Sensex and Nifty 50 — are set to open little changed on August 17, tracking a weakness in Asian peers on worries over China's economy and Wall Street on interest rate concerns. India's GIFT Nifty on the NSE International Exchange was down 0.07 percent at 19,398.50 at 7:54 am. The Indian markets yesterday displayed remarkable resilience given the market saw a very sharp recovery in the second half of the trading session. Metal stocks, however, underperformed as the rising dollar index weighed in. Banking stocks too saw selling pressure. In the overnight session, US markets saw significant selling pressure on the back of FOMC minutes that indicate further rate hikes cannot be ruled out. The NASDAQ bore the brunt of the selling pressure, and ended over a percent lower in yesterday's trading session. This morning, US futures too indicated further downside pressure. Meanwhile, European markets closed mixed. Crude oil prices continue to see selling pressure for the fourth trade session today on the back of weakening data from China as well as further rate hike pressure from the US. Tune in to the Marketbuzz Podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are likely to open lower on August 16 following a sharp rise in July domestic inflation. India's GIFT Nifty on the NSE International Exchange was down 0.40 percent at 19,396 at 7:59 am. Nifty 50 is likely to open closer to 19,350 mark. The key level to watch will be the Monday intraday low of 19,257, which coincides with the 50-day moving average of 19,258. Retail inflation rose to a 15-month high of 7.44 percent in July, predominantly due to rising vegetable and cereals prices also dragged sentiment. The figures breached the upper end of the Reserve Bank of India's tolerance band of 2-6 percent for the first time in five months. In the ongoing July-September quarter, the RBI now sees inflation at 6.2 percent, significantly higher than the earlier forecast of 5.2 percent. Meanwhile, Wall Street equities fell overnight after stronger-than-expected retail sales data triggered concerns. Asian markets declined this morning on worries over China's economic recovery a day after the country's central bank unexpectedly cut rates for the second time in three months. Some of the stocks to watch out for include ITC which saw its June quarter profit top estimates on lower costs and better demand. Infosys has signed a $1.64 billion deal with video, broadband, and communications firm Liberty Global to scale digital platforms. Vodafone Idea has secured $240 million to meet payment obligations and has reported a wider June quarter loss on weak 4G subscriber growth. Ashok Leyland has also received board approval to buy a 100 percent stake in OHM Global Mobility, and has said it will invest Rs 3 billion as equity into OHM to operationalise the company. Tune in to the Marketbuzz Podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are on August 14 expected to start on a slightly weaker note in the holiday-truncated week as earnings season draws to a close, ahead of domestic retail inflation data due later in the day. India's GIFT Nifty on the NSE International Exchange was down 0.28 percent at 19,432 at 7:58 am. Corporate earnings season will likely end on Monday, with consumer giant ITC and telecom service provider Vodafone Idea among hundreds of companies scheduled to report quarterly results. In today’s session, market participants will also track the CPI inflation data and minutes of the US FOMC meeting. In the previous session Friday, the benchmark Nifty 50 settled 0.59 percent lower at 19,428.30, while the S&P BSE Sensex settled 0.56 percent lower at 65,322.65. The Nifty 50 fell 0.45 percent last week, logging losses for the third week in a row. Indian markets will be closed on August 15 for Independence Day celebrations. Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session