• 1291: Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 likely to open in green, TCS, SBI, Nykaa in focus

  • Jul 11 2024
  • Duración: 5 m
  • Podcast

1291: Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 likely to open in green, TCS, SBI, Nykaa in focus  Por  arte de portada

1291: Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 likely to open in green, TCS, SBI, Nykaa in focus

  • Resumen

  • Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important updates ahead of the trading session of July 11

    -The Nifty 50 failed to see follow-through yesterday & broke a prior low. However, It's Too early to judge if we are in for a bit of a pullback. The Nifty witnessed its biggest single day fall in over a month, which is the Lok Sabha election result day of June 4.

    -Despite the drop, the market continued with its "buy-the-dip" trend. At one point, the Nifty even slipped below the mark of 24,150 but saw a recovery of nearly 200 points from those levels to close above the 24,300 mark.

    -Most index heavyweights, be it Reliance Industries, HDFC Bank or TCS were on the same losing end in Wednesday's trade, although the recovery in the index also came as the first two recovered from their respective session's low.

    -Today, TCS will remain in focus as it kickstarts the earnings season for the Nifty 50 companies, the reaction of which of course, will be seen on Friday.

    -Today is also the weekly options expiry of the Nifty 50 contracts and it remains to be seen whether the recovery made late on Wednesday is sustained or some expiry related volatility will lead to a retest of Wednesday's low, which also happens to be the lowest since July 1.

    -Both foreign and domestic investors continued to be net buyers in the cash market on Wednesday but that number could also be skewed due to the block deals seen in Delhivery and Mankind Pharma.

    -Experts like Nagaraj Shetti of HDFC Securities believe that the near-term uptrend of the Nifty remains intact but the market seems to have started to show signs of profit booking between 24,400 - 24,500 levels.

    -The GIFTNifty was trading with a premium of more than 40 points from Nifty Futures' Wednesday close, indicating a start in the green for Indian market.

    -Stocks to track: Glenmark Life, Kesoram Industries, Tata Elxsi, Sula Vineyards, Power Grid, SBI, Nykaa, Sona BLW Precision

    -Asian equities advanced after a rally in the world’s largest tech stocks lifted global shares to new highs ahead of US inflation data due later Thursday. Equities in Japan, Australia and China rose, echoing the bullish pulse on Wall Street on Wednesday.

    -The S&P 500 and Nasdaq 100 each gained more than 1%, and a gauge of global equities also rose, all to records, spurred by the likes of Nvidia Corp. and Apple Inc. The S&P 500 has advanced in each of the past seven sessions, its longest winning streak since November.

    Tune in to the Marketbuzz Podcast for more cues
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