• 1288: Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 likely to open flat, Titan, Dabur in focus

  • Jul 8 2024
  • Length: 4 mins
  • Podcast

1288: Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 likely to open flat, Titan, Dabur in focus By cover art

1288: Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 likely to open flat, Titan, Dabur in focus

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  • Summary

  • Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important updates ahead of the trading session of July 8

    -All of last week on the Nifty was dominated by two stocks and one theme. The two stocks being Reliance Industries and HDFC Bank, while IT was the theme that continued to hog the limelight. If one took the market higher, the other ensured that the gains were kept in check and vice versa.

    -Now today, multiple stocks will react to their quarterly business updates that were reported on Friday and over the weekend such as Titan, IndusInd Bank, Marico, Dabur and others.

    -Earnings season also begins in the upcoming week with TCS reporting results on July 11, followed by HCLTech on July 12.

    -Asia-Pacific markets opened mixed this morning as investors awaited key economic data from the US and China later this week, while election results in France overnight signaled a hung parliament.

    -Investors await the U.S. consumer price index reading, due Thursday stateside, to assess the Federal Reserve’s interest rate path, while China’s inflation figures on Wednesday will signal the state of the country’s economic recovery.

    -On Friday in the US, the S&P 500 and the Nasdaq Composite rose to new highs, with both indexes posting a record close as the latest jobs report reignited hopes for rate cuts from the Federal Reserve. The broad market index advanced half a percent, while the tech-heavy Nasdaq gained almost a percent whereas the Dow Jones Industrial Average added 0.17%.

    - Workers' union at Samsung Electronics in South Korea is set to stage a three-day strike from Monday and has warned it could take further action against the country's most powerful conglomerate at a later date.

    -Prime Minister Narendra Modi is set to meet President Vladimir Putin in Moscow today, marking his first visit to the Kremlin since the invasion of Ukraine. Their meeting is significant as it’s the Indian premier’s first bilateral trip overseas since he was reelected for a rare third term in June.

    -Heavy rainfall has lashed Mumbai, the financial capital and its surrounding areas overnight, and continued early in the morning. Many parts across the city are waterlogged, while the western express highway witnessed traffic congestion even before 7 am, including the roads leading to terminals 1 and 2 of the Mumbai airport. Local trains, the lifelines of Mumbai, were running late due to waterlogging and CSMT, Kurla-Vikhroli and Bhandup were among the most-affected stations. A holiday has been declared for the first session for all the schools in Mumbai. Decision on the second session will be taken soon.

    Tune in to the Marketbuzz Podcast for more cues
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