Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 to open in green, DRL, PB Fintech 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 updates ahead of the trading session of May 8

-The domestic market has lost ₹10 lakh crore in market capitalisation during a three-day drop. The Nifty has shed 350 points in the last three sessions. IT and FMCG came to the Nifty’s rescue on Tuesday when every other sectoral index sold off.

-Wednesday will also be the weekly expiry for the Nifty Bank, with some big Nifty names reporting results.

L&T and Hero MotoCorp among Nifty 50 companies will report their results today. Firms like Tata Power, TVS Motor, Sterlite Tech, Sula Vineyards, Westlife Foodworld, Godrej Agrovet within the broader market universe will also report their numbers.

-Stocks like Dr. Reddy’s, IGL, Navin Fluorine, Pidilite, Voltas, JSW Energy and others will react to their earnings.

-Asia-Pacific markets were mixed on Wednesday, mirroring moves in Wall Street’s Tuesday session.

-Overnight in the U.S., the Dow Jones Industrial Average notched a fifth straight day of gains and rose marginally, while the S&P 500 inched up 0.13%. In contrast, the Nasdaq Composite slipped 0.1%.

-Macroeconomic uncertainties and mounting geopolitical tensions have given gold — the classic “safe haven” asset — a boost.

-Gold prices topped $2,400 an ounce in April as tensions in the Middle East escalated. Spot gold is currently trading around 12% higher over the year to date.

-Oil prices fell this morning after market sources cited by Reuters said that data from the American Petroleum Institute showed an increase in U.S. crude and fuel stockpiles, an indicator of weak demand.

-Brent crude oil futures were near $83 a barrel.

-GIFTNifty traded at a premium of nearly 20 pts from Nifty Futures Tuesday close indicating a start in the green for the Indian market.

-NSE has said that it will conduct a special live trading session on Saturday, May 18 to test preparedness for handling unexpected disasters.

Tune in to the 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