• 1290: Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 likely to open in green, Emcure Pharma listing today

  • Jul 10 2024
  • Duración: 6 m
  • Podcast

1290: Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 likely to open in green, Emcure Pharma listing today Por arte de portada

1290: Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 likely to open in green, Emcure Pharma listing today

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  • Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important updates ahead of the trading session of July 10

    -The bulls continue to charge ahead. Yesterday, the Nifty closed above 24,400 for the first time and so far the index has gone up 1200 points in a month.

    -Both FIIs and DIIs bouhth in the cash market yesterday.

    -Auto majors Maruti and Mahindra & Mahindra, along with ICICI Bank and ITC led the index to newer peaks. ITC gained for the fifth day in a row, and is attempting a retest of its previous highs after a few months of sideways price action. The Nifty Auto index was also the top sectoral performer of the day, ending at record levels.

    -The broader markets also moved in tandem with the benchmark indices but there were pockets that outperformed. Barring auto, PSU banks made a comeback after a few days of underperformance, while Pharma resumed its uptrend from the week gone by. IT and Metals had a dull day.

    -Summarising the current market mood, veteran investor Vijay Kedia had a warning. He believes that the right adjective to describe the current market scenario is a "stampede" and not "euphoria" as it has gone beyond the latter. He added that market regulator SEBI will take some steps to stop this "frenzy."

    -Emcure Pharma is set for listing today.

    -The market is sitting in anticipation of further cues from the IT earnings that begin this Thursday or July 11.

    -The focus remains on the globe as to how the US markets, having made new record highs almost every single day, react to Fed Chair Jerome Powell's testimony.

    -Asian markets were mixed this morning. Shares in Australia and Japan fell Wednesday while Chinese futures pointed to gains ahead of key economic data after fresh highs of US equities. Hong Kong futures contracts rose earlier, following a Tuesday rally for mainland stocks and a gauge of US-listed Chinese shares.

    -Overnight in the US, S&P 500 advanced for a sixth consecutive session, its longest winning streak since January, as traders held to bets the Federal Reserve will cut rates this year. The Nasdaq 100 also set a fresh record.

    -Fed chief Jerome Powell was careful not to offer a timeline for rate cuts in comments to lawmakers on Tuesday. However, he emphasized mounting signs of a cooling job market after government data showed a third straight month of rising unemployment.

    -GIFTNifty was trading with a premium of more than 5 points from Nifty Futures' Tuesday close, indicating a flat start but in the green for the Indian market this morning.

    -Stocks to track: KDDL, Delhivery, Mankind Pharma, Infosys, Delta Corp, Rail Vikas Nigam, Adani Ports, Bank of Baroda, KIMS, Havells India, JSW Steel

    Tune in to Marketbuzz Podcast for more news and cues
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