5 Minutes Read
Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 likely to open flat, Tech Mahindra, Maruti in focus
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Listen to the Article (6 Minutes)
Summary
Marketbuzz Podcast: Sensex and Nifty 50 are liekly to open flat on April 26 with stocks like Tech Mahindra and Bajaj Finance reacting to quarterly numbers while HCLTech and Maruti Suzuki are due to report their results later in the day. Tune in to the podcast for more
Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the top developments ahead of the trading session of April 26
– GIFT Nifty were trading flat from Nifty Futures’ Thursday close, indicating a muted start for the Indian market.
-April also turned out to be the third straight positive series for the Nifty. It is now just 220 points away from its previous record high. For the week, the Nifty is already up 1.8%, managing to recover all that it lost in the previous week and gain some more post that.
-In the governing session, US stocks tumbled after data showed a sharp slowdown in economic growth and pointed to persistent inflation. US GDP expanded 1.6% in the first quarter. The blue-chip Dow slid 375 points, while the S&P 500 and the Nasdaq Composite dropped half a percent each.
-Asia-Pacific markets were mixed this morning as investors in Asia look to the Bank of Japan’s policy decision and inflation figures out of Tokyo.
– Oil prices rose in early trade today, as players took stock of the US Treasury secretary’s comments that the country’s economy is likely in a stronger position than indicated by weak first-quarter data, coupled with supply concerns as conflict continues in the Middle East. Brent crude futures were above $89 a barrel.
-Gold prices firmed on a weaker dollar last night even as US Treasury yields rose after economic data showed signs of persistent inflation, lowering hopes of the Federal Reserve cutting interest rates anytime soon.
– Today, voting across 89 assembly constituencies will take place in the second phase of the Lok Sabha Elections 2024, where voters across 13 states will cast their ballots.
-Earnings reactions will also continue with stocks like Tech Mahindra, IndusInd Bank, Bajaj Finance, L&T Technology services among others reacting to their quarterly numbers.
-Earnings today: HCLTech, Maruti Suzuki, Mahindra Holidays, Bank of Maharashtra, SBI Life, CSB Bank, Motilal Oswal
-Stocks to track: Zensar Technologies, Cyient, Tata Motors, Tata Steel, Vodafone Idea
Tune in to Marketbuzz Podcast for more cues
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
