Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 likely to open lower, Kotak Mahindra Bank in focus

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important cues ahead of the trading session of April 25

-Asia-Pacific markets took a breather this morning after two straight days of rallies, mirroring moves on Wall Street ahead of first-quarter gross domestic product figures from the U.S. due later in the day.

-The Bank of Japan kicks off its monetary policy meeting Thursday as investors monitor for action against yen weakness. The yen slid past the 155 mark against the U.S. dollar on Wednesday, hitting a fresh 34-year low.

-Overnight in the US, all three major indexes were largely range bound as interest rate fears dampened the enthusiasm stemming from a strong slate of corporate earnings. The S&P 500 eked out a 0.02% gain, while the Dow Jones Industrial Average fell 0.11%. The Nasdaq Composite edged 0.1% higher.

-Shares of Meta, the parent company of Facebook, plunged as much as 19% in extended trading on Wednesday after its second quarter revenue guidance missed analyst expectations.

– Oil prices eased in early trade on Thursday as concerns about a potential slowdown in the U.S. economy amid prospects for delayed interest rate cuts outweighed worries over the risk of expanding conflict in the Middle East.

-GIFT Nifty was trading with a discount of nearly 50 points from Nifty Futures’ Wednesday close, indicating a start in the Red for the Indian market

-Stocks to track: Kotak Mahindra Bank, Hindustan Unilever, Axis Bank, LTIMindtree, Dalmia Bharat, Syngene, AU Small Finance Bank, Indian Hotels, Rail Vikas Nigam, ITC, Motilal Oswal

-Earnings today: Nestle India, Tech Mahindra, L&T Technology Services, IndusInd Bank, ACC, Bajaj Finance

Tune in to Marketbuzz Podcast for more cues

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow