MarketBuzz

Indian benchmark indices — Sensex and Nifty 50 — are likely to make a muted start on August 11, as optimism over moderating U.S. inflation offset near-term domestic price concerns. India's GIFT Nifty on the NSE International Exchange was up 0.05 percent at 19,550 at 8:15 am. In the overnight session in the US, Wall Street equities edged higher after data showed that US consumer price inflation moderated in July, bolstering hopes that the US Federal Reserve is near the end of its rate-hiking cycle. Asian markets were subdued. Back home on August 10, the Reserve Bank of India held key rates steady as expected. Governor Shaktikanta Das said there could be substantial rise in headline inflation in the near-term and raised the retail inflation forecast for fiscal 2024, citing pressure from food prices. Both the Nifty and Sensex declined on Thursday, dragged by financials and consumer stocks. The bluechips have been little changed for the week, after logging losses in the previous two weeks. In today's session, Hero MotoCorp is likely to be in focus as the two-wheeler maker posted a rise in June quarter profit and is eyeing more premium bike launches. State-owned life insurer Life Insurance Corporation of India (LIC) also reported a surge in first-quarter profit on the transfer of money to a shareholders' fund. Apollo Tyres' June quarter profit more than doubled on lower costs while Steel Authority of India posted a fall in first-quarter profit on rising costs. Tune in to the Marketbuzz Podcast for more cues ahead of today’s session

The markets staged a smart recovery in the last hour of trade on Wednesday and the Nifty 50 managed to reclaim 19,600. The Nifty gained around 61-odd points, the Nifty Bank slipped, but the midcap index gained. Foreign institutional investors (FIIs) bought after nine consecutive sessions of selling, which is definitely a positive. FIIs net bought around Rs 644 crore in the cash market on Wednesday, while domestic institutional investors (DIIs) net sold close to around Rs 600-odd crore. The US markets were definitely weak, so we had the US markets correct. The CPI as well as the initial jobless claims would be two key factors that the Street would be watching out for closely. Asian stocks are lower ahead of the inflation data. Crude has hit the highest level that we have seen since January 27. So the Street will be waiting by for trends on brent crude. The GIFT Nifty is implying a weak start to today's trading session. It's definitely going to be the Reserve Bank of India (RBI) policy where rates are expected to be held steady, but do watch out for the commentary from the RBI governor. Today is also the weekly options expiry. And earnings from Hero MotoCorp, Biocon, Alchem Pharma, Pidilite, are expected today. Tune in to Marketbuzz Podcast for more cues ahead of today’s session

Marketbuzz Podcast with Ekta Batra: Sensex and Nifty 50 likely to open marginally higher Indian benchmark indices — Sensex and Nifty 50 — are likely to open marginally higher on August 9 after China's consumer prices logged a smaller-than-expected fall in July, ahead of U.S. inflation data and Reserve Bank of India's (RBI) policy decision due this week. The Indian rupee is expected to struggle at the opening on Wednesday in the wake of the dollar index's move higher on weak risk appetite. The US markets closed lower in the overnight session, with concerns about bank stability capping sentiment. Asian shares were on the defensive after China inflation data confirmed the recovery in the world's second-biggest economy is losing steam. The GIFT Nifty was indicating an implied open off a little bit of a negative bias for the Indian market. Brent is at around $86 per barrel. The markets are likely to now focus on the macros versus micros as the earning season is coming to a close. The US CPI data for July is due to be released on Thursday while India’s Reserve Bank of India (RBI) will make the bi-monthly policy announcement on the same day and is likely to hold the current interest rates. Among quarterly results due today are that of Tata Power, Zee Entertainment Enterprises, Abbott India, Berger Paints India, and Bharat Forge among others. Tune in to the Marketbuzz Podcast for more news and cues ahead of today’s session

The Nifty 50 and Sensex on Monday, were higher, but the Nifty bank slipped, while the midcap index rose. It was largely a mixed session, but both benchmark indices did build on Friday's gains. Today, one key factor to watch out for is the foreign institutional investor (FII) flows. FIIs have net sold for eight consecutive sessions since July 27. On Monday, they net sold around Rs 1,893 crore and they have net sold around Rs 10,000 crore in these eight sessions. Global markets on the other hand are witnessing some recovery. The US markets snapped their four-day losing streak on Monday. The CPI data on Thursday for July is going to be the next cue to watch out for. CPI inflation is estimated to come in around 3.3 percent. Asian stocks are mixed in today's trade, ahead of the Chinese trade data. Crude prices have come off, which is a positive for the Indian markets. However, the GIFT Nifty is indicating a bit of a lower start. Watch out for the bank Nifty, whether or not it underperform's in today's trading session, the midcaps which have been outperforming a lot, a lot of farmer stocks that will be in focus today due to their earnings and new-age stocks such as PayTm and Zomato, which witnessed a lot of volume and price action yesterday. Hindalco, Coal India, among others are expected to deliver their quarterly earnings reports today. The three-day MPC meeting for the RBI policy will kick-off today and the outcome will be known on Thursday. Tune in to Marketbuzz Podcast for more cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are set for a muted start on August 7, tracking Asian peers, on caution ahead of US and China inflation data as well as the Reserve Bank of India's monetary policy decision due later this week. India's GIFT Nifty on the NSE International Exchange was up 0.09 percent at 19,607.50, as of 7:56 am. On Friday, the market snapped its three day losing streak, however, the markets were down for the second straight week. One of the key cues to watch out for is the FII net selling in the cash market. FIIs have net sold for the seven consecutive sessions. Meanwhile, the global markets looked a bit tentative. The US jobs data 187,000 jobs added in July versus estimates of 200,000 oil has risen for the sixth straight week. There is some amount of upmove taking place in terms of oil prices. It must be noted that India is a net importer of oil and hence higher oil prices is a negative for us. Asian markets were largely mixed, with the GIFT Nifty indicating a marginally higher start for India. The Street will also track moves in the State Bank of India (SBI) stock, which posted its results on Friday. Also, the Reserve Bank of India will also announce its policy decision on Thursday. The central bank kept rates unchanged in April and June, after hiking them by 250 basis points in the fiscal 2023. Tune in to the Marketbuzz Podcast for more cues ahead of today’s session

Indian shares are set to open marginally higher on August 4, tracking Asian peers on hopes of measures to support economic recovery in China. GIFT Nifty on the NSE International Exchange was up 0.16 percent at 19,483, as of 8:13 am IST. Both the Nifty 50 and Sensex slid two percent each over the last two sessions as Fitch's downgrade of the United States' credit rating dampened sentiment. In terms of the US markets, big tech numbers continued to be in focus. Amazon gained post numbers while Apple lost around two percent. The big cue today is the US jobs data that is due today. Estimates suggest 200,000 jobs were likely added in July, which would be the smallest rise estimated since December 2020 Asia is currently mixed. Back home, banks will be in focus. The State Bank of India will release its numbers along with the likes of M&M and Britannia. SBI will probably set the tone for bank numbers due tomorrow. Tune in to Marketbuzz Podcast for more cues ahead of today’s session

There has been a significant sell off overnight as far as global equity markets are concerned. Day before yesterday, post equity market closing, rating agency Fitch downgraded its rating on the US market. Equity markets across the globe saw a risk of sell off and this is also weighing in on the market sentiment today morning. On Wednesday, Dow Jones was down almost 1 percent, while S&P 500 was down 1.4 percnet. And Nasdaq was facing the brunt of the selling pressure, with it ending down over 2 percent in yesterday's trading session. European markets too closed 1.4 percent to 1.8 percent lower as the sell off widened to Europe as well. Crude oil prices until Wednesday were trading near three-month highs. However, in yesterday's trading session, they witnessed a bit of a sell off. Brent futures fell over 2 percent to $83 a barrel, WTI future is now below the $80 a barrel mark. Indian markets too witnessed selling pressure on Wednesday, ending the session lower. Most of the indexes were down more than a percent. However,t he only respite was that in the last hour of trading, there was a brief bounce coming in the equity markets. Today, there are a lot of important tools to keep track of. Morgan Stanley has upgraded its rating on India to 'overweight'. Asian markets are indicating a gash and even the GIFT Nifty is indicating a gap down start. Tune in to Marketbuzz Podcast for more cues ahead of today’s trading session

There has been a siginificant development overnight that will keep equity and markets on edge throughout today's trading session. Rating agency Fitch has downgraded the US long-term rating to an AA plus from an AAA stance that they had earlier. And as far a the US finances are concerned, they have highlighted that there is a deterioration. They have also called off significant risks that the US economy could face. Most of Asian markets today are trading in the red and even the GIFT Nifty is indicating a subdued start as far as our own markets are concerned. US markets yesterday ended on a mix closed. The Nasdaq cooled off almost half a percent and Dow Jones was the only index that saw a bit of green. Crude oil prices continue to remain the joker in the pack, given the fact some profit booking was witnessed from three month high levels. However, today morning, once again, crude oil futures continued their surge upwards. Indian markets on Tuesday ended the session with minor cuts. The one particular pocket or segment of the market that continues to outperform has been the PSU pack, when you're talking about names like Coal India, NTPC, a lot of power stocks, a lot of PSU stocks, you know where the shareholding of which the government has a significant stake, has seen a significant re-rating and that trend continued yesterday. Titan, Mankind Pharma, Hindustan Petroleum, are expected to deliver their earnings today. Tune in to Marketbuzz Podcast for more cues ahead of today’s trading session

We are starting August on a positive note, given that global markets have now rebounded very sharply from the 2023 lows. Most global equity markets managed to end July with strong gains. US indices too ended July with strong gains on Monday. When it comes to the US markets, the outperformance of midc and smallcap index has been quite stark. For instance, the smallcap index Russell 2000 ended July with more than 6 percent gains, indicating sharp outperformance against a benchmarking index. European markets too are along a similar trajectory, with largely positive cues. However, crude oil prices remain the joker in the pack, as they have gained further traction and are now trading near fresh three-month highs. Brent futures are up by over 1.2 percent to $85.4 a barrel, while WTI futures are up 1.5 percent to $81.8 a barrel. The rising crude oil prices have gone ahead and forced the government to increase the windfall tax as far as oil refineries are concerned. On another note, Indian markets ended a rangebound session with marginal gains on Monday. However, the story continues to remain that the broader end of the markets are relative to outperformers, with the midcap index at a fresh record level. Escorts Kubota, PVR Inox, Thermax will be delivering their quarterly results today. Most auto maker are also expected to report their sales data today. Asian markets as well as the GIFT Nifty are indicating a positive start to our own markets for today';s trading session. Tune in to Marketbuzz Podcast for more cues ahead of today’s trading session

We are starting the week with positive cues as far as the global markets are concerned. Equity markets have continued to remain quite resilient despite all the worries. Cues from global markets were very strong on Friday, with Nasdaq up almost 2 percent. However, in the Indian markets, the joker in the pack continued to emain crude oil prices, which gained further traction. Both benchmark titles, WTI and brent crude futures, have now seen five straight weekly gains, which continues to put pressure as far as Indian markets are concerned. Last week, Indian markets witnessed profit booking from higher levels, especially financials and IT, who were among the laggards in the week gone by. Our broader markets continue to stay relative outperformers. On Friday, IT and financial stocks witness selling pressure, with Infosys, TCS were among the top laggards. Indian markets snapped their four-week gaining streak. Going forward, it will be important to see how exactly do foreign institutional investors (FIIs) position themselves in the Indian markets. FII flows continue to remain a key monitorable, given the fact that the Indan markets rally was aided by strong FII inflows. This week, we will see over 350 companies declaring their first quarter results. The key results today include Maruti Suzuki, Power Grid, UPL, GAIL. In IPOs too, the primary market activity is quite strong. We will see two mainstream IPOs — SBFC Finance looking to mop up over Rs 1,000 crore and Concord Biotech looking to raise almost Rs 1,600 crore. Three SME IPOs too are in the pipeline for the primary and secondary market activity. Markets will take direction from the first quarter earnings as well as fund flow activity for this week as well.

The markets witnessed a rough ride on the F&O series expiry day on Thursday, however the June expiry itself was a positive close. The Sensex fell around 40-odd points, Nifty 50 corrected over 100-odd points, the Nifty Bank index fell near 1 percent, while the midcap index outperformed and ended in the green. Foreign institutional investors (FIIs) net sold a large amount in Thursday's trading session and domestic institutional investors (DIIs) net bought over Rs 2,500-odd crore. The US markets ended lower. The Dow Jones snapped its 13-day rally. The strong Meta earnings and strong GDP numbers did not seem to enthuse the markets on Thursday. When it comes to the European markets, the ECB also hiked its rates, joining the US Fed in terms of central bank action this week. Asia is largely weak at the moment, when it comes to hiking rates. The Bank of Japan meet is in focus because there could be a discussion on long-term rates, which will be watched quite closely. The brent crude is another factor to watch out for. There has been a spike up in brent crude prices. Crude oil prices are now headed for a 5 percent weekly gain. For the Indian markets, the GIFT Nifty is indicating a weak start. There are many earnings to watch out for as well, especially from the broader markets —Bank of India, IOC, M&M Finance, Marico, United Breweries to name a few. Stock specific action will continue to be in focus and the Bank of Japan meet will be watched quite closely. Tune in to Marketbuzz Podcast for more cues ahead of today’s trading session

Indian benchmark indices — Sensex and Nifty 50 — are set to open marginally higher on July 27 after the US Federal Reserve hiked rates by 25 basis points as expected and reiterated its data-dependent approach to further policy tightening. India's GIFT Nifty on the NSE International Exchange was up 0.10 percent at 20,004 as of 8:12 am. Asian markets are holding up in the green despite the flat close on Wall Street in the overnight session. The United States Federal Reserve has hiked rates by 25 basis points and unexpectedly, it has kept the door open for future rate hikes as well. The next one will likely be in September. Meanwhile, back home in the Indian market, after three days of consolidation, yesterdayNifty 50 went very close to the 19,800 mark. There was some activity on the front line aided by stocks like Reliance Industries, L&T, ITC, and Tata Motors. The third cue is that the July expiry is today which the market participants will closely watch. Today’s session is likely going to be all about individual stocks. Axis Bank's bottom line looked ahead of what the Street was anticipating, but the core operating profit came in lower than projections and worse compared to other peers like ICICI Bank and Kotak Mahindra Bank. Dr. Reddys reported a pretty decent set of numbers, so the stock is likely to witness a stock reaction. Tech Mahindra was a big miss with revenue falling by more than 4 percent on a quarter on quarter basis, EBIT margin down to 6.8 percent, which is the lowest amongst the peers. Colgate saw a good set of numbers with an all round beat. Market watchers must also keep an eye out on RBL Bank because Mahindra and Mahindra says it has acquired a 3.53 percent stake in the company and is open to acquiring more but under no circumstances will it cross 9.9 percent. Tune in to Marketbuzz Podcast for more cues ahead of today’s trading session

Indian benchmark indices — Sensex and Nifty 50 are likely to open marginally higher on July 26, ahead of the US Federal Reserve's monetary policy decision and key corporate earnings. India's GIFT Nifty on the NSE International Exchange was up 0.13 percent at 19,882 as of 8:02 am. On July 25, the Nifty 50 consolidated closed with minor gains. The blue chip index has overall corrected from the high of 19,992 on July 20 due to factors such as mixed corporate numbers and uncertainty ahead of the Fed Meet. As few analysts opine that India's result season has been a little disappointing, there might be some consolidation, one of the cues that might help the Nifty 50 resume. In terms of the overall global cues, the Fed continued to be in focus with US markets closing higher. Alphabet and Microsoft reported their earnings for the June 2023 quarter. Meanwhile, Asia is largely lower ahead of the Fed decision. Back home, stock-specific action continued. L&T met earnings estimates and also announced Rs 10,000 crore share buyback. Tata Motors shares recorded a 41 percent jump in revenue. The automaker announced a conversion of DVR shares to ordinary. On the macro front, the International Monetary Fund (IMF) has revised India's FY24 GDP growth forecast to 6.1 percent, which is 20 basis points higher than the April estimate. Overall, the big cues to watch out for would be earnings, the Fed meeting and also expiry due this week. Tune in to Marketbuzz Podcast for more cues ahead of today’s session

It was a choppy start to the week on Monday, with the markets ending largely lower in what was a muted session. The Nifty breached 19,700, the Nifty Bank slipped and the midcap index ended over 50 points lower. Foreign institutional investors (FIIs) net sold for the second consecutive day, but it was a marginal sell figure which came in from the high to around Rs 83-odd crore. Domestic institutional investors (DIIs) however bought handsomely. Earnings and global cues continue to be top of mind in terms of market cues to watch out for. The last couple of trading sessions have reacted to the earnings of HUL, Infosys, Kotak Mahindra Bank and Reliance Industries. In terms of result reactions today, Tata Steel, Shoppers Stop, JK Paper stocks are to be watched out for. We also have Asian Paints, Bajaj Auto that will be releasing numbers today as well. Global cues seem quite supportive. The Dow Jones rallied for the 11th-straight day. Asia is in focus because China has vowed to support the property market. Crude oil is higher on tighter supply as well as China hopes. Do watch out for brent crude. The GIFT Nifty is indicating a bit of a positive start aided by the global queues. We have the FED. ECB and Bank of Japan meets will happen this week. The US Fed meet is probably going to be the most important when it comes to global cues in the next couple of days. Hence, do watch out for any kind of movements in the global market ahead of that. Tune in to the Marketbuzz Podcast for more cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are set to open lower on July 24, tracking Asian peers, amid caution ahead of key corporate earnings and central bank meetings due later this week. India's GIFT Nifty on the NSE International Exchange was down 0.11 percent at 19,744, as of 8:03 am. On Friday, it seemed as though earnings set the tone in terms of the markets. The banks and the mid gaps were fairly resilient. Today, it seems as though earning reactions and global cues will be on top of the mind this week. Today, the markets will react to Reliance Industries’ financial results as per which the consumer-facing business performed well. Regarding the global cues, in the US markets, the Dow eked out a narrow gain on Friday, the 10th straight positive session. Several central bank policy meets are also due this week. The US Fed meet is on July 25 and 26 of this week. There is an expectation that this could be the last time that the US Fed could hike rates. The ECB policy is on July 27 and the Bank of Japan will also meet towards the end of this week. Tune in to the Marketbuzz Podcast for more cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are set to open little changed on July 21, on caution after data from the US reignited concerns of a prolonged high-interest regime, while investors awaited key domestic earnings. India's GIFT Nifty on the NSE International Exchange was up 0.09 percent at 19,876.5, as of 8:12 a.m. IST. Both the Nifty 50 and Sensex hit fresh highs for the fifth straight session on July 20, with the Nifty 50 closing just shy of the 20,000 mark. The benchmarks are on course to extend gains for the fourth week in a row, adding over 2 percent each so far. The Senex also broke about 67,500. It seems that the 20,000 mark might be a little more elusive because of cues such as the Infosys numbers, and the tech giant cut its, which will probably deter investors. The global setup is also a bit mixed. The US markets ended a mixed session. Earnings continued to be in focus such as Netflix as well as Tesla. Asia is largely in the red. Meanwhile, Nifty Bank gained over 500 points in yesterday's trading session. The markets could probably hold on to optimism because of cues coming out regarding quarterly results. While Reliance Industries earnings will be out with numbers, post markets today. Separately, RBL Bank and AU Small Finance Bank will report their numbers on Saturday, which will really set the tone for Monday. The market will also watch out for Ultratech Cement, HDFC Life Insurance with all of these numbers due for earnings in today's trading session. Tune in to Marketbuzz Podcast for more cues

Indian shares are set to open little changed on July 20, ahead of the demerger of Reliance Industries' financial services business and quarterly results from several top Nifty 50 firms, amid improved global cues. India's GIFT Nifty on the NSE International Exchange was down 0.02 percent at 19,837, as of 7:59 a.m. IST. Both the Nifty 50 and Sensex hit fresh highs for the fourth session in a row on Wednesday, powered by a late-session resurgence in Reliance Industries and financials on strong earnings. Meanwhile, global markets ended in the green, the Dow and the S and P 500 gained about a quarter of a percent. Back home, the domestic markets took off in the last hour of trade and the Nifty and the Sensex gained for the seventh day in a row hitting record-high levels. Today is likely going to be a lot about individual stocks because there are many big earnings in the large-cap and midcap space due today. The monsoon session of Parliament also begins today. The stock which will grab all the attention in the morning is going to be Reliance Industries because the price discovery for Jio Financial services will take place today. And after that Jio Financial Services till it gets listed will be a part of the Nifty and the Nifty is going to have 51 stocks. Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session

The global set up is positive today morning, The Dow Jones gained 1 percent for the seventh day in a row. The Asian market picture is broadly higher. The Nikkei is up more than a percent, the Taiwan, South Korean markets are also in the green. But Hang Sang continues to remain under pressure. As the economic data from China over the weekend has been downbeat, it is putting pressure on the growth expectations. The GIFTY Nifty is also suggesting a higher start today. Yesterday, the markets opened up pretty well. The Nifty Bank was at an all-time high level, the mid cap index notched up a record, the small cap index was at an 18-month-high. But then some profit booking set in in the second half of the trading session and the markets were consolidating. Experts we have spoken to indicated that this is not a trend reversal. It’s just healthy time correction, profit booking, which happens after a fantastic rally, which we have witnessed over the last couple of days. In terms of flows, the DIIs sold Rs 1300 crore in the cash market, the FIIs net bought Rs 2100 crore. In earnings reaction, IndusInd bank, HDFC Bank and Federal Bank have reported their numbers. HDFC Bank’s earnings were steady on all parameters, Federal Bank’s were a bit of a miss on the margin, but the other parameters looked go. And IndusInd Bank too has reported numbers in-line with Street estimates. It's a steady showing by Indecent Bank and Morgan Stanley today has raised the target price to Rs 1800 per share. Meanwhile, L&T Tech reported a big miss on revenue and ICICI Lombard reported a miss on the profitability and that is on account of higher losses due to the cyclone. Keep your eye out on the block deals. Rallis -- Yesterday, Tata Chemicals bought nearly a 5 percent stake, Rekha Jhunjhunwala sold a 5 percent stake IFC has announced it will be investing Rs 958 crore in Federal Bank, with this their stake in the bank will rise to 8.1 percent compared to the previous 4.1 percent. Tune in to the Marketbuzz Podcast for more news and cues ahead of today’s session

The GIFT Nifty is suggesting a higher start to today’s trading session. The momentum has firmly been in the hands of the bulls. Yesterday, both the Nifty and Sensex scaled another record high session. New day, new records. Yesterday, 19,700 was taken out with ease in the last one hour of trade. Meanwhile, flows appear to be fairly muted. The FIIs bought Rs 73 crore, while the DIIs net bought Rs 64 crore. In the first half of the trading session on Monday, IT was dominating – Infosys, TCS, Wipro, HCL – these were stocks at the high point of the day. In the second half of the trading session, profit booking set in in frontline IT names – Infosys and TCS. HDFC Bank reported a steady set of numbers. The stock has been an underperformer as versus private sector banks over the last three years. And the stock took off. It powered. Even in the other names – SBI, Kotak Mahindra Bank – also did quite well by the close of trade. Consequently, the markets conquered the 19700 mark. Today you have got the Fin Nifty expiry and important numbers from ICICI Lombard, ICICI Prudential, L&T Tech, IndusInd Bank and Polycab. A word in the global market is slightly higher. The Dow Jones was up 2.5 percent, the S&P 500 adding 4.5 percent, the Nasdaq gaining close to a percent. But it’s a big week of earnings even in the United States. Tesla, Netflix, Goldman Sachs, Morgan Stanley and Bank of America. In terms of individual stocks that you should keep on your radar, there are three IT stocks. One of them is Infosys, which has announced that they have entered into an agreement with an existing client to provide AI and automation-led development, modernisation and maintenance. The total client target spend over the next five years is estimated to be $2 billion. LTIMindtree came out with its first quarter numbers, soft. The constant currency revenue growth is just up 0.1 percent quarter-on-quarter, lower than expectations. Tata Elexi’s growth has slowed down, with constant currency revenue growth at 1.2 percent, its margin are down around 20 bps quarter-on-quarter, but 300 basis points from last year. There has been a slowdown in transportation, one of its key verticals, which witnessed a softer growth. There is a big deal taking place in the mattress space. Sheela Foam has approved the acquisition of Kurlon. It will be acquiring a near 95 percent stake in Kurlon Enterprises for Rs 2,150 crore. Amara Raja is going to see a very large block deal today. Claros ARBL will be looking to exit their entire 14 percent stake, with a floor price set at Rs 51 per share at a 5 percent discount to where the stock closed yesterday. Federal Bank should be on your radar because its subsidiary FedFina has finally announced that it will filing their DRHP for an IPO.

Indian benchmark indices — Sensex and Nifty 50 — are likely to open little changed on July 16 after hitting record highs in the last trading session on July 14. This on the hopes of the US Federal Reserve pausing its rate hiking cycle while weak China data remained an overhang. India's GIFT Nifty on the NSE International Exchange was up 0.09 percent at 19,636.5 as of 8:11 a.m. HDFC Bank will announce its results for the April to June 2023 quarter, and JSW Steel followed by Reliance on Friday. Meanwhile, the global setup continues to be very positive. US economists are calling it a goldilocks scenario because inflation is trending down while the labour market continues to be resilient. Economists who expected a recession in the US economy towards the end of the year are saying that now the base case is that the recession may be pushed forward to next year, the early part of next year and it could be a soft landing. The US economy is truly resilient to absorb the more than 500 basis points of rate hikes that we've seen so far in the last 12 months and it's not going to tip it into a very deep and severe recession. Back home, after spending a week consolidating a band of 19,300 to 19,500 the markets convincingly broke out. The Nifty 50 scaled to an all-time high of 19,550 mark HDFC Bank, will report its earnings numbers for the June 30 ended quarter. The stock has a 29 percent weight on the Nifty Bank. Other companies due to post their earnings include LTI Mindtree and Tata Elxsi. 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 higher on July 14 even as there seems to be some slight worry given the selling pressure seen in the last hour of the trading session yesterday. The pullback was quite significant with the last session selling pressure taking the Nifty 50 lower quite significantly. The Nifty 50 ended near the flat line. As far as the global industries are concerned, the US market ended well in the green. In fact, the NASDAQ gained over a percent and a half, seeing the highest close since April 2022. European markets ended with strong gains continuing their rally up almost over 0.7 percent. Crude oil prices, however, gained further traction. Crude oil prices are trading at a fresh three month high with Brent futures yesterday gaining over a percent and a half to the $81.36 a barrel mark. Back home, banking stocks have been performing poorly compared to the rest of the market. On the other hand, a surprise pocket of out the performance was seen from the Nifty IT index with TCS and HCL Tech. Despite muted results, the tech stocks closed with gains while the metal pack was one that saw significant gains as well. Another key thing to watch out for is the Asian markets, which were lending a helping hand this morning and the GIFT Nifty indicated a slightly positive start for the domestic markets. Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session

The US market rally extended as the June CPI data was a lot softer than what analysts were anticipating. This has reduced chances of significant rate hikes as far as the US fed is concerned, which led to a rally in equity markets. The NASDAQ popped over a percent in yesterday's trading session. Even the European indices ended with strong gains yesterday. However, crude oil prices too gain further traction, Brent futures for the first time since May went up over the $80 a barrel mark gaining close to a percent in yesterday's trading session. Meanwhile, the Indian markets in the last hour of trade yesterday witnessed a significant pull back from the day's highs. The last-hour trade of course was impacted by the index re-balancing flows as HDFC Limited bowed out of the bourses yesterday, before the corporate action where the company got merged with the HDFC Bank. We did see the Nifty IT index underperform. Today, all eyes will be on IT stocks as we had two major results that came in post-market hours yesterday, with both TCS and HCL Tech. It has been a muted start for the first quarter results from the technology sector. On another note, the core continues to remain sticky, while the IIP data was quite strong wth industrial production remaining quite robust. Today, some of the key results to keep an eye out for include Wipro, Central Bank. The GIFT Nifty is indicating a gap-up start for the Indian benchmark indices. Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are set to open little changed on July 12, with investors eyeing both domestic and US inflation data for June as the quarterly results season kicks off. India's GIFT Nifty on the NSE International Exchange was down 0.01 percent at 19,535.50, as of 8:00 am. All eyes are on India's inflation print, due after market hours. A Reuters poll of economists showed that retail inflation likely snapped a four-month decline in June due to rising food prices. The overnight cues from both US as well as European markets are quite positive. US markets extended the rally with all indexes ending with positive gains while the European indexes supported the rally. They too ended with mild to marginal gains. However, crude oil prices yesterday jumped to a 10-week high with Brent futures up almost 2.5 percent to the $79.4 a barrel mark not coming closer to the Indian markets. Meanwhile, the Nifty continued to move up mainly aided in the last two trading sessions by the strong gains in Reliance Industries. The stock surged to a fresh 52-week high almost single-handedly taking the Nifty higher with it. Agro-chem majors have been given guidance cuts and have also been saying that 2024 could be a bit of a washout in terms of the demand that they are expecting. The consumer price inflation and the industrial production data are due today and it will be interesting to see the kind of numbers that come out as markets take further cues from there. The focus will also be on Tata Consultancy Services (TCS) as well as HCL Tech, both are due to report their earnings for the April to June period. Also, HDFC Limited is set to get delisted tomorrow following the HDFC Bank merger that came into effect on July 1. Therefore, today the market is likely to witness significant index rebalancing flows as Nifty, Sensex, and Nifty Bank, all of them will see changes in constituents. Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session

Well, we're actually looking at quite a positive set of overnight cues, both from the US as well as the European markets. Asian markets too are in the green and the GIFT Nifty is also trading in the green, indicating a positive start for our own markets today morning. Overnight, most US markets ended in the green. Dow Jones ended over 0.6 percnet higher and US indices managed to snap a three-day losing streak. European indices too ended with marginal gains, while crude oil prices slipped over a percent in Monday’s trading session to the $77.69 a barrel mark. Meanwhile, the Indian markets on Monday witnessed a strong opening. They saw some further buying. However, there was a significant selling pressure in the second half and the markets managed to only end near the flatline and didn’t see significant gains. Advanced decline ratio, as far as the broader markets were concerned, were something that were skewed towards the decline or towards the laggard. This ensured that the broader markets underperformed the benchmark index. Reliance Industries was one of the top Nifty gainers. It aided the market’s up move, given its high weightage in the Nifty index. Reliance’s outperformance actually marked the underperformance of quite a few stocks within the Nifty from other stocks as well. Yesterday, the metal pack too witnessed a lot of buying interest. It will be interesting to see if that interest can sustain today. The record date for the mega impending merger of HDFC Limited and HDFC Bank has been to set to July 13. HDFC Limited, which is a part of many key indices such as the Nifty, Sensex as well as passive indices such as the MSCI, etc, will be deleted from these indices. According to the merger ratio, HDFC Limited shares would now be transferred to HDFC Bank shares. So you will see changes coming in tomorrow in Nifty, Sensex, etc. Two names to watch out for – LTIMindtree which come in place of HDFC Limited in the Nifty and JSW Steel will be replacing it in Sensex. Tune in to Marketbuzz Podcast for more cues and news to track ahead of today’s session

Indian markets continue to be an outlier as far as global equity markets are concerned. While most of the global equity markets are seeing a pullback from the recent record rally that's been set worldwide in equity markets, Indian markets continue to display their strength even in the week gone. In the week gone by, the US markets ended with cuts on Friday, while the European markets ended with gains, following steep cuts in the previous sessions. However, the handover has been slightly muted. Also, given the fact that oil prices are a bit of a bump up as far as Friday is concerned. The Indian markets have a lot of cues to watch out for. The markets did see a significant sell-off on Friday. However, despite Friday’s steep fall, the Indian markets have ended with gains of over a percent in the week gone by. This continues to indicate that the bulls are in firm grip at this point of time. The Asian markets today did see a muted start, but have recovered since then. GIFT Nifty is indicating a positive start. When it comes to primary market activity, new listings have seen a tremendous surge and Ideaforge was one. It is a key example where the stock almost doubled on the listing day itself. Today, we will see the listing of Cyient DLM and its subscription was very strong. The other key data point would be to watch out for the monthly mutual fund data. AMFI will be releasing the June mututal fund data and the SIP numbers especially will be something that the markets will be keenly anticipating. Lastly, the results season will kick off this week, with TCS and other tech majors reporting their numbers.

The trading session on Thursday was definitely a very good one for the Indian benchmark indices. The market surged to another record high. The Nifty has now posted a record close for the sixth-straight session, extending its gaming streak to eight consecutive sessions and has rallied 865 points in eight sessions and has crossed 19,500 on an intra-day basis yesterday. The midcaps outperformed, with the advanced decline ratio steady at around 2 to 1 on a year-to-day basis. The midcaps have given returns of around 15%. All the gains came in on Thursday despite caution over the FOMC minutes. FIIs continued to buy into the Indian equity markets. They bought around Rs 2,641 crore in yesterday’s trading session. DIIs however sold Rs 2,351 crore. Today, the set up in the global space seems weak because the US markets closed in the red. Asia is largely weak at this point in time reacting to the US markets. Meanwhile, the GIFT Nifty is indicating a bit of a flat start. It seems as though India is de marketing itself and moving away from what the global markets are doing, whether or not this trend continues is something that the Street will watch out for. As of now, we have a couple of important cues such as the healthy FII flows, the monsoon progress, Q1 progress from companies, which seems to be aiding momentum. 1:49Remember we also have updates from consumer facing companies such as Titan, Dabur, etc, All these stocks would be in focus in today's trading session. The other big queue is the US non-farm payrolls data as well as the unemployment data, which are due today and which we will be reacting to on Monday. Tune in to Marketbuzz Podcast for more cues and news to track ahead of today’s session

On Wednesday, we did have the frontline indices consolidate and the midcaps outperform. But, the Nifty still posted a record close and the midcap index was also at a record close in Wednesday’s trading session. The momentum was intact because we had 52.8 percent of the stocks which advanced in yesterday's trading session. India's market capitalisation hit a record high crossing Rs 300 lakh crore for the first time ever.Foreign institutional investors (FIIs) continued to pump in money and they bought around Rs 1,603 crore in yesterday's trading session. In terms of the global markets, the FOMC minutes pointed to a rate hikes at a slower pace. The US markets which closed marginally lower, Asia which is weak and the GIFT Nifty which is indicating a marginally lower start as well. Brent crude did see a marginally up move. Brent and crude are trading around $76 per barrel Other things to watch out for include the financials, where the Wednesday’s fall was led by the weakness in the HDFC twins post the Q1 updated of the merged entity. However, we did have the Nifty PSU bank index which outperformed and was up around 1 percent on Wednesday. Do watch out for continued gains in the broader markets. On Wednesday, 65 percent of the stocks advanced in the BSE 400 mid and small cap index in Wednesday's trading session. It is also the Nifty 50 weekly options expiry today. Tune in to Marketbuzz Podcast for more cues and news to track ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are likely to open little changed on July 5 amid caution due to concerns of escalating trade conflict between the US and China, and as investors await the US Federal Reserve's June monetary policy meeting minutes. The momentum, however, continues for the domestic markets considering that the markets hit a record high for the fourth consecutive day. In terms of global markets, the US markets are closed on account of Independence Day. Asia, however, is largely lower due to services activity slowing both in China as well as Japan. Brent crude is hovering at around $75 per barrel. Indices and queues to watch out for include midcaps that are underperforming while financials are outperforming. In the US, investors await the minutes of the Fed's June policy meeting, due at 11:30 pm tonight, for cues into the monetary policy trajectory. While recent data after the June Fed meeting signalled moderation in inflation, the odds of a 25 basis points rate hike in its upcoming July 26 meeting stood at 86.2 percent, according to Reuters. Tune in to Marketbuzz Podcast for more cues and news to track ahead of today’s session

Indian equity benchmark indices — Sensex and Nifty 50 — are likely to extend their gaining streak to the sixth day in a row on July 4, after a stellar five-day run. The structure and momentum seem intact for the domestic market after it closed at a record high for the third straight session. Overnight, the US markets eked out small gains in what was a truncated session. Asia, meanwhile, has largely fallen ahead of the Australian rate decision. Oil is at around $74 per barrel, which rallied on Saudi Arabia and Russia supply cuts in August. There is not much in terms of cues coming in for the global markets, but the markets will be watching out for the Federal Open Market Committee (FOMC) minutes that are due this week. Overall, it seems as though the structure remains positive and the Nifty may attain highs at a steady pace. Tune in to the Marketbuzz Podcast for more news and cues ahead of today’s session

We are all set to begin trading for the second half of 2023, with the first half being extremely strong for equity markets despite multiple worries of a US-led recession and also spiralling interest rates. Now, when you're talking about the first half of 2023, US markets were very strong with the Nasdaq gaining over 31 percent for the first half of the year. And even June-end has been very strong with the US markets, giving a very strong handover for the rest of the globe. European indices too were very strong and the oil prices managed to go ahead and post the fourth-straight quarterly decline. Coming to the Indian markets, all of the frontline indices have ended at record highs and are trading near record highs. Another very big development today is the fact that the SGX Nifty that we used to allude to earlier has moved to Gujarat Gandhinagar and will be known as the GIFT Nifty. The GIFT Nifty is now indicating a very strong start for our markets for the second half. Another important thing to note is that in the second half of this year, it is important to note if this particular rally that we are seeing sustains or not. Last week, the pharma stocks, AMC stocks were some of the top gainers. The key question is can the rally sustain post-Q1 results? The cues to watch out for in today;s trading session includes auto stocks, as the auto majors such as Maruti, Tata Motors, Hero MotoCorp, etc, delivered their sales numbers for the month gone by; quarterly updates from companies such as UltraTech Cement, CSB Bank, etc are expected to be quite positive. Primary market activity will continue to remain in focus. Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are likely headed for a gap-up start on June 30 as SGX Nifty was trading with a premium of more than 110 points from Nifty Futures Wednesday close. The futures and options contracts July series will begin today as the Indian markets resume after a short one-day break. Overnight cues remained positive in the US markets as the economy’s first quarter GDP came in very strong at 2 percent. Back home, the day before yesterday's trading session was a historical day as the Nifty 50, Sensex and Nifty Bank indices touched fresh all-time highs. The momentum is extremely strong and as the broader end of the markets advances out, continuing to outpace declines, the number of stocks near all-time highs, near 52-week highs is at an all-time high as well. A couple of very large block deals came in, especially in the Adani group stocks. The important cues to watch out for primary market activity remain quite strong today as another company called PKD Ventures would be open for subscription. Today is a large day to subscribe to the Cyient DLM IPO. Tune in to 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 June 28, following gains on Wall Street after witnessing broad-based buying in the previous session, with the benchmark blue chip Nifty 50 inching towards an all-time high. India's NSE stock futures listed on the Singapore Exchange were up 0.25 percent at 18,858, as of 08:08 am. The Nifty 50 is less than half a percent shy of its all-time high level. On Tuesday, there was a very sharp surge in both the HDFC Bank and HDFC Limited on the back of comments from Deepak Parekh that the merger is now nearing and the company had decided on the record date as well. On the back of that, there was also a significant surge in names like LTI Mindtree and JSW Steel, given they could be likely candidates that could come into the Nifty. Meanwhile, the derivatives June series contracts is expiring today. So, some volatility can be expected towards the latter half of the trading session. The US market, on the other hand, bounced back from the previous day's lows and in fact, the tech stocks that bore the brunt of selling pressure, actually led the US markets higher. Back home, the Securities and Exchange Board of India (SEBI) board meeting is scheduled today to discuss the proposed total expense ratio changes, the FPI disclosure norms and the mutual fund total expense ratio. All of this will have a significant impact especially in the mutual fund universe and a few listed stocks from the mutual fund space. Tune in to Marketbuzz Podcast for more cues and news ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — are seen opening marginally higher on June 27 after trading in a narrow range in the previous session, as investors look for new triggers, while interest rate worries are likely to keep investors on edge. There is also a slightly mute clip of a handover from the global markets, especially the US market. While most of the US markets ended in the red, the NASDAQ was a cause of worry as the tech-heavy index fell by over a percent. As the tech sell-off continued, Tesla went down over six percent as Goldman Sachs downgraded this stock and NV shares too fell over 3.5 percent in the trading session yesterday. Meanwhile, back home, the Nifty 50 now needs to hold on to its 20-day exponential moving average which is around the 18,650 level. Resistance is being seen where the Nifty is trying to breach the higher level. While the overall markets were quite muted, there was significant action in the primary markets where the ideaForge Technology IPO got fully subscribed within two hours of opening for subscription already. It is subscribed over 3.5 times. The shares of Cyient will be in focus as one of the company’s subsidiaries Cyient DLM will be opening its IPO for subscription today. Tune in to Marketbuzz Podcast for more cues and news to track in today’s session

Indian benchmark indices — Sensex and Nifty 50 — were set for a muted open on June 26, on the heels of their first weekly loss in over a month, as crude prices rose on supply concerns after a short-lived mutiny by mercenaries in Russia. India's NSE stock futures listed on the Singapore Exchange were up 0.02 percent at 18,718, as of 07:48 am. Last week, the blue-chip Nifty 50 index consolidated just shy of record levels, while the S&P BSE Sensex eased after hitting an all-time high, weighed down by hawkish central bank commentary. The US market slipped on Friday with all of the three indices ending low between 0.5 to 1.2 percent. The dollar index sped toward the $103 mark. However, it must be noted markets are seeing a bit of profit booking from actual record closing levels and the Nifty 50 coming within a point of a record high in last week's trading session. The small-cap and mid-cap indices also saw some profit booking during the week. The next support for Nifty 50 is seen as a 20-day exponential moving average at 18,642. Last week, the Nifty broke four weeks of consecutive weekly gains to end low by close to percent. Also, this will be a truncated week as the market will be closed on June 28. Three IPOs will open up for subscription this week including Ideaforge Technology, Cyient DLM and PKH Ventures. Tune in to Marketbuzz Podcast for more cues and news ahead of today’s market session

The global markets are quite mixed. We got a mixed handover from the US markets. The S&P and Nasdaq snapped their three-day losing streak. While Dow Jones was absolutely flat with some negative bias. Apple hit fresh new highs, so definitely something to track as far as the technology space is concerned. Asian markets are mixed yet again. Hang Seng is down 1.4 percent, Taiwan and China are shut for a holiday. But we do have Nikkei which is higher in trade today. Now core inflation numbers in Japan reported came in at 3.2 percent versus an estimate of 3.4 percent. Inflation in Japan is still above Bank of Japan's target of 2 percent. Bank of England hiked rates by 50 basis points versus an estimate of 25 basis points. This is the 13th-consecutive rate hike from Bank of England. So central bank action continues to be taking the centre stage yet again. As far as our own markets are concerned, Indian markets closed at the day's low after a lot of volatility. On Thursday, we were just one point away from the record high, but we could not attain that. Sensex was down 363 points from the record high levels of 63,602. It did hit a record high. Mid cap index nabbed its eight day winning streak. Nifty did get some support from the HDFC twins that is HDFC Bank and HDFC but Reliance was the one which acted as a drag. Now the immediate Nifty spot is at 18,757 and if we talk about Nifty Bank, it has been consolidating at the 20-day exponential moving average and it has just been hovering around those levels. So a breakout from your will be a key to track as well. FIIs sold Rs 693 crore in cash yesterday, DIIs bought Rs 219 crore. So flows are also in favour of a sell figure right now. So it is important to track because the SGX Nifty is indicating that the start could be in the red, 14 points lower, could be muted to a flattish start for our own markets. Tune in to the Marketbuzz Podcast for more cues and news ahead of today’s session

We are seeing some negative cues coming in from the global markets today, June 22, 2023. US markets fell for the third-straight day and this was fuelled by the fact that US Fed chair spoke about more rate hikes by the end of this year, pouring some cold water on expectations that the era of tightening was at least over for now, but it hasn’t. The futures are flat right now, but we do have Asian markets largely shut in trade today. Hang Seng, Taiwanese index and Chinese market are shut for a holiday, but Nikkei and Cosby are higher in trade. This is something we are tracking closely. SGX Nifty is indicating that the start for our own markets could be in the red. So very close to record high, but this testimony from Jerome Powell is something that could keep the market moves under some lid. The Bank of England will announce its policy decision today, an important event to track as well for our own markets. Meanwhile, on Wednesday, we posted record close, led by HDFC HDFC Bank, TCS, and Reliance. All these heavy weights, Sensex, Nifty and midcap index ended at record closing highs and midcap index posted record closes for the 12th-straight session. Major buying was seen in financial services, especially the NBFCs. So now at this level, the immediate support for Nifty is at 18800 and the immediate resistance is at 19000. So if Nifty crosses that level, there could be some more rally above these levels. Nifty midcap 100 and small cap 100 gained for the eighth-straight session, so that continues to be in focus as well. The broader markets are doing well on the benchmark, there could be some pause today in terms of a rally because the global markets are suggesting the same. Tune in to the Marketbuzz Podcast for more cues and news ahead of today’s session

As we begin a fresh new day, the cues we are getting from the US markets are weak, with both Dow Jones and S&P 500 down. After witnessing a stellar rally last week and a holiday on Monday, the US markets have made a comeback, but on the negative side. Asian markets are also lower as Wall Street has a seen a cool off in its rally. Hang Seng is down 1.5 percent, we have the Taiwanese index lower as well. Most of the Asian markets are lower in trade today. The SGX Nifty too is indicating a start in the red for our own markets right now. It is indicating a cut of around 20 points now for our own markets. For our own markets, Tuesday was a stellar rally from the lows, especially in the second half recovery which helped Nifty close at the day. The high midcap index continues to outperform as it ended at a record high for the second-straight session. IT stocks and Reliance Industries led to the Nifty gains on Tuesday. Now, the Nifty resistance is seen at 18,850 to 18,900 and support for the Nifty is seen at 18,700. Even Nifty Bank recovered 421 points from the lows to 43,767. Now, Nifty Bank’s 20-day moving average is at 43,967 is the immediate resistance. This will be an important level to watch out for as well. In terms of fund flows, domestic institutional investors (DIIs) net bought Rs 19072 crore, while foreign institutional investors (FIIs) sold the same amount in cash markets. So there is some selling, which has come by some profit taking, maybe after the run that we’ve seen very close to record high levels. But, we’ll have to see it looks like it could be another day in seeing some dips. Tune in to the Marketbuzz Podcast for more cues and news ahead of today’s session

This morning, there were no cues coming in from the US markets as they were shut for a holiday. However, Asian markets are in focus as China has cut its five-year loan prime rate by 10 basis points and one-year loan prime rate by 10 basis points to 3.55 percent. This comes in after the Chinese Central bank had cut key interest rates last week itself. Japanese stocks too are in focus as Berkshire Hathaway have raised stakes in five trading firms, all of them higher in trade right now. But if we look at the benchmarks or the headline index, like Hang Seng, is low in trade. SGX Nifty too is indicating that the start for our own markets could be in the negative, yet again, a 50-point downtick is what it is indicating. As far as our own markets are concerned there was an expectation of record highs. Nifty opened higher but saw profit booking from those levels, closed lower by 70 points. PSU Banking index, IT and financial services were the top gainers on Monday. In fact, even India VIX< which is the volatility index, was up 3.5 percent in Monday’s trading session. The defence sector continues to be in focus, on the back of Prime Minister Narendra Modi's US visit. Some of these stocks continued to make new highs on Monday as well. Today, is where there is some there is some news related to inflows that have come by. Bank Nifty, which has been trading around the 20-day exponential moving average, its resistance comes at 44,050 support comes at 43,400. Meanwhile, the Nifty support is at 18,600.It is a very crucial level to watch out for. If it breaks below that, we could see further pressure on the benchmark index, but looks like it is expected to be a negative start for our own market. Tune in to the Marketbuzz Podcast for more cues and news ahead of today’s session

This is a fresh new trading week and the cues for today are taking cues from last week when Nifty50 closed high for the fourth consecutive week and gains in financials and FMCG-led markets higher. Sensex, Nifty and midcap closed at intra-day highs on Friday's trading session and Nifty is now just 61 points away from its all-time high of 18,887.6 points. Now the big question of course, this week is will the Nifty be able to reclaim its new high? The midcap index too was up 3 percent for the week. It hit its record high, four out of the five trading sessions. Nifty FMCG was up 3.5 percent last week and hit record high, three out of five trading sessions. Let's talk about some flows. In June, foreign institutional investors (FIIs) have bought Rs 6900 crore in cash, so far. Domestic institutional investors (DIIs) have net bought Rs 4,330 in cash. And the key levels to watch for Nifty. On the support side or the downside it’s 18650 to 18700. Resistance is at 18,950 to 19,000. These will be important levels to watch apart from the fact that we are tracking whether Nifty scales its record highs or not. Last week, US markets they closed lower. US markets will be shut today for a holiday. So we won't be getting those cues tomorrow. Japanese markets are mixed. Hang Seng and Taiwanese index are lower right now. Japanese markets are hovering around the 33-year-highs and yen is at a 15-year-low versus the euro after Bank of Japan's decision. SGX Nifty is absolutely flat. So, these cues are a little difficult to read. However, Nifty levels will be tracked closely today. Tune in to the Marketbuzz Podcast for more cues and news ahead of today’s session

There was definitely a bit of caution on Thursday after the US Fed’s hawkish comments.So, the Nifty and Sensex were profit booking. After three days of gains, the Nifty nifty failed to hold on to 18,700. Financials were under pressure. Bank Nifty saw an over 500 points cut in the index. Midcaps saw more strength, so the midcap index was at a record high and continued to gain in terms of global cues. We also had the ECB policy outcome. It did hike rates by 25bps.Europe closed slightly lower. The US markets continued to show strength and closed higher. It was the highest levels intra-day levels that the US markets have seen since April 2022. Asian stocks were mixed. SGX Nifty was indicating a positive start. In terms of flows, the net bought Asia mixed SGX indicating a positive start in terms of flows, the FIIs net bought over Rs 300 crore. The Axis Bank block deal was a part of the flows. We are likely to continue seeing stock specific interest in our markets. Also watch out for the FTSE index changes which come into effect from today's market close. India could receive net inflows of around $250 million to $270 million. Tune in to the Marketbuzz Podcast for more cues and news ahead of today’s session

India’s benchmark indices — Sensex and Nifty 50 — are likely headed for a subdued start on June 15, as SGX Nifty indicated this morning after the US Federal Reserve decided to keep interest rates unchanged. Also, as expected, the Fed paused but was a hawkish pause. It seems to be undecided about July but has indicated that there are more hikes ahead. Meanwhile, the US markets are a closed mix. There are other global queues too to watch out for. For example, China has cut its key policy rates for the first time in 10 months because the economic data not meeting expectations. New Zealand, on the other hand, slipped into a technical recession. GDP was down 0.1 percent in the March 2023 quarter and the previous quarter was revised lower as well. Asian markets were mixed at the time of recording the podcast. In the domestic market, the Nifty 50 scaled above 18,750 for the second consecutive day. A couple of key factors to watch out for include the Bank Nifty considering that it underperformed in yesterday's trading session and metal stocks considering China factors. Tune in to the Marketbuzz Podcast for more cues and news ahead of today’s session

It was a good day of trade on Tuesday, ahead of the big cues. The Nifty scaled 18,700. The India CPI, steady global cues, lower crude prices, aided sentiments. The US inflation data came in at 4 percent for May, which is at an over two-year low, which also boosted sentiment in terms of what the US Fed could do. Hence, US markets closed higher, Asian markets are largely higher at this point and the SGX Nifty is indicating a bump up as well. Well, all will now be on the US fed decision today. The expectation is that it will skip a rate hike. The Street is anticipating a 90 percent chance that the US Fed will not hike rates. The US Fed has implemented 10 consecutive rate hikes over the past 14 months. Interest rates in the US are now at the highest level in 16 years. Back home, the broader market out performance will be something that the Street will watch. The midcap index is at a record high. It rallied around 1.8 percent on a week to date basis. The small cap index is up around a 1.5 percent on a week-to-date-basis. The FIIs have net bought around Rs 1677 crore in Tuesday’s trading session. This is after two consecutive days of selling. The DIIs have net sold around Rs 203 crore. These are some of the market cues to watch out for today. Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session

Let’s begin with what the cues were overnight. Wall Street saw a strong close, with Dow Jones ending 0.5 percent up, S&P 500 up almost 1 percent, while the Nasdaq continued to march forward. Nasdaq was up 1.5 percent, led higher by Apple. After it unveiling the Vision Pro last week, the Apple stock has been on the tear. Yesterday as well it hit a fresh all-time high with the market cap of the tech major nearing almost $3 trillion. That’s not all, we have a lot of data to watch out for this week. Starting with tonight itself. All eyes will be on the US May inflation data where you're expecting 4 percent inflation in May, which would be an increase of 40.1 percent month-on-month. This is extremely important largely because the US Fed meet outcome is contingent on the way. The Nifty has been ranged around 18,600-mark.The important part is that we found resistance at levels closer to 18,700, whereas support has come in as low as 18550 itself. Meanwhile, the FIIs sold for the second day in the cash market on Monday and sold around Rs 627 crore. Domestic institutional investors bought around Rs 1800-odd crore. There is nothing really to worry about, but a trend that we have to monitor closely. Today is also a Tuesday, which means it is the Nifty financial services expiry today. In the last hour, we will watch out for HDFC twins. Watch out for ICICI Bank and Bajaj Fiserv. These stocks account for the major rate on the financial services index. The Nifty Bank closed mildly below its 20-day moving average of 43980, so that’s a level we expected to cover in the first hour of trade itself. Whereas the Nifty will find firm support at 18454, which is its 20-day moving average. In terms of stocks to watch out for, keep an eye out on the oil marketing companies and the oil companies as Brent slipped to $72 overnight. But importantly, watch out for Zee as the SEBI has barred Subhash Chandra and Punit Goenka to hold any key managerial position in the company. Does that change things for the Sony-Zee merger or not? It’s something we'll be watching 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 set to open higher on June 12 as rising bets of a rate pause by the US Federal Reserve aided sentiment, ahead of domestic retail inflation data later in the day. India's NSE stock futures listed on the Singapore Exchange were up 0.37 percent at 18,679.50, as of 7:57 am. On Friday, Wall Street equities closed at new highs for 2023 on rising odds of a rate hike pause by the US central bank in its upcoming meeting on June 14. Back home, the Indian market closed with minor cuts following what was a range session. Meanwhile, Brent crude is down for the second consecutive week below $75 per barrel. Later in the day, India will report its CPI inflation data for the month of May. Last month, the annual retail inflation cooled to an 18-month low in April, below the Reserve Bank of India's upper tolerance level of 6 percent, as food prices softened. Inflation as measured by the annual change in the consumer price index (CPI), eased to 4.70 percent in April from 5.66 percent in the previous month. Meanwhile, the US CPI data for May is due tomorrow. Another thing to watch out for is the precursor to the Federal Open Market Committee (FOMC) meeting on June 13 and 14. According to Reuters, there is a 71 percent chance of a pause in the June FOMC meeting which will be the first time since early 2022. Last week, the domestic market recorded minor gains and was up for the third straight week. Many stocks are at fresh 52-week highs like Axis Bank, Britannia, IndusInd Bank and Indian Oil Corporation. Tune in to 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 June 9, tracking global peers, as the increased probability of a rate pause from the US central bank lifted sentiment a day after the Reserve Bank of India kept rates unchanged. The SGX Nifty is suggesting a bit of a positive start for June 9 after yesterday's collapse in the market on the back of the hawkish pause on interest rates by RBI. Economists say RBI is going to stay on pause and hold rates for longer than what they were expecting earlier. So if earlier, the economists were hoping for a rate cut by the end of November or December 2023, it's now been pushed back by at least two to three months, but it depends on the inflation and growth dynamics. So, the situation continues to remain very fluid. The reason why the Nifty 50 could see a bit of an uptick in the morning is because global markets are up. In the US, S&P 500 had its best close in 2023, the NASDAQ rallied nearly a percent and initial jobless claims were better than what the street was anticipating at 261,000. Basically, when jobless claims are higher that means there are more people looking for a job, meaning the market is weak. It is something that the Fed is looking at and wants the labour market to soften. It does give the Fed more reason to be on pause this time around in the upcoming policy meet. Asian markets, meanwhile, were broadly higher across the board. Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session

Yesterday, the Nifty broke out. It finally conquered the resistance levels of 18,600 to 18,700 to close significantly higher. This morning, the SGX Nifty is pretty flat. The US markets too had had a mixed session. While Dow Jones was up 0.3 percent, we did see profit taking in NASDAQ. NASDAQ was down 1.3 percent. But the Russell 2000, a smallcap index, saw a rally of 1.8 percent. So the broadening of the US market rally continued and that is a bit of a positive. But we've got such a big cue, we've got the RBI monetary policy and that decision will be known in around two hours from now. So the market could take a bit of a wait-and-watch approach before deciding its next move. So that's why the SGX Nifty is on the flatter side. In terms of the other big notable cues, everyone's watching out for whether we can go back to our all-time-high levels. The all-time high level on the Nifty was 18,888.7 hit on December 1, following which markets went into a bit of a corrective zone. Then came the news of Adani and US regional banks and the markets sold off considerably in the February and April. Since then it has been moving up. In fact, if you remember towards March-end, the Nifty was at a level below 17,000 and the markets have made a spectacular up move over April and May. But over the last couple of days, it was consolidating within a tight band of 18,400 to 18,600. On Wednesday, we witnessed the first signs of a breakout. Now, the question is whether we can test our all-time high levels. We're just about 160 points away from that in terms of flows. Both the FIIs and DIIs were buyers in the cash market. In terms of some stocks you should keep on your radar -- both Tata Motors and Tata Communications -- held their analysts meet or investor day on Wednesday. Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session

SGX Nifty is indicating a positive start for Indian benchmark indices Sensex and Nifty50. On Tuesday, Nifty closed closer to the 18,600 level in a late surge. Nifty witnessed quite a bit of weakness. Nifty has faced resistance around the 18,600 mark and it has not been able to go ahead and hit or go across the 18,700 level with conviction. Talking about overnight markets, US markets were largely flat, with the Dow Jones incidentally closing almost flat and S&P 500 2 percent higher, and Nasdaq was around 0.4 percent up. However, the majority of the action lay at the broader end of the US markets with the Russell 2000 index gaining over 2.7 percent in yesterday’s trading session. On Wednesday, keep an out for defence names. There is a lot of news flow in terms of memorandums of understanding (MoUs) being signed, the german defence minister visiting. So watch out ofr names such as HAL, shipbuilding companies, etc. All of these stocks have done significantly well in the trading session. And the key that markets will be watching out for would be the outcome for the RBI monetary policy. Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session

The SGX 50 is suggesting a slight down take, a cut of around 10 to 20 points to begin trade with. The reason for that is the US markets have closed with minor cuts. The Dow Jones was down 0.6 percent, the S&P500 ended lower by 0.2 percent. The Nasdaq was down close to about 0.1 percent. So global markets have taken a bit of a breather. There is a pause at the rally and that might reflect in the Indian market. But separately for the Indian markets, we've been facing some resistance. Now Monday was the fourth instance in the last six trading sessions that the Nifty50 index crossed the mark of 18,600 each day but failed to sustain above those levels. So this 18,062 in fact was the intraday high on the Nifty last week. This morning, we don't have the global queues to propel us higher. The big thing to watch out this week is the RBI monetary policy, but that will be known only on Thursday. On the other hand, midcaps have been doing well. Now, the midcap index just was up about 0.14 percent on Monday. It wasn't too much of a gain, but the midcap index was higher for the 11th straight session and it did close at record levels in terms of flows. Domestic institutional investors (DIIs) bought Rs 1,195 crore in cash. Meanwhile, the foreign institutional investors (FIIs) sold Rs 701 crore in cash market in the third consecutive day of selling in the cash market. In terms of stocks, JK cement has acquired Charlie Cement. BHEL has got a ‘downgrade’ by Nomura. They’ve lowered the rating to a reduced target price brought down to Rs 61 per share. They are concerned about the rising receivables, the debtor days, they believe the recent order winds are aggressive, so the scope of margin recovery could be less than what the street is anticipating. Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session

The SGX Nifty is suggesting a solid start to begin trade with and that's because the US markets ended with gains of 1 to 2 percent. The Down Jones was up 2.1 percent, the S&P 500 was rallying 1.5 percent, and NASDAQ gaining 1.1 percent. The Nasdaq notched its sixth straight week of gains for the first time since 2020. The reason for the optimism and the rally in the global markets was one. The non-farm payroll data was stronger than what the street was anticipating, which means the labour data continues to be resilient yet. The street doesn't think that the fed will continue with its rate hiking cycle. The US Fed will be meeting on June 13 and 14, and the expectations are that it will pause at the upcoming meeting. The reason for the same is because the hourly wages that ticked lower than what the street anticipating and also the unemployment rate also went up. There was a big outperforming seed in the broader markets last week. So while the lift was volatile, it ended with a gain of just about 10.2 percent oscillating between 18400 to 18700. In terms of flows on Friday, the domestic investors bought Rs 581 crore, while the foreign investors sold Rs 658 crore. The big event to track this week will be the RBI monetary policy on June 8. . In terms of individual stocks, Mankind, Glenmark, SBI Life, among other stocks should be on your radar. Tune to Marketbuzz Podcast for more news and cues ahead of today’s session

Indian benchmark indices — Sensex and Nifty 50 — will start the June 2 session on the back of strong global cues. As of 8:20 this morning, SGX Nifty on the Singapore Stock Exchange was up 0.4 percent, indicating a positive start for the domestic market. On June 1, however, markets closed near the day's low as financial heavyweights underperformed, the Nifty Bank ended with a cut of around a percent against a flat close for the Sensex and the Nifty 50, while the mid gaps relatively outperformed. The big queue globally is that the US debt ceiling has passed the Senate vote in the US. Markets are now trading at the highest level that we've seen since August Asia is largely in the green. Crude is off multi-month lows. Another big queue to watch out for globally would be the US non-farm payroll data. A strong jobs report is likely to fuel expectations of another rate hike by the Fed in June. Expectations are quite wide for the jobs report this time anywhere between 1.8 percent to 1.95 lakh jobs added in May. Tune to Marketbuzz Podcast for more news and cues ahead of today’s session