MarketBuzz
1209: Marketbuzz Podcast with Kanishka Sarkar: Here are key talking points
(upbeat music) - Good morning, everyone. Welcome to CNBC TV 18's Market Bus Podcast. This is your host, Kanishka Sarkar, bringing you all the important market queues ahead of today's session. But first up, a quick recap. NFTI saw big recovery while broader markets were under pressure in the previous session on March 6th. So all of NFTI's 250-point recovery came in the last two hours. And this will be the highlight of the midweek trading session. But it has two specific sectors to thang that for. Private banks, all of which contributed to the gains, and the I.D. sector, which stated dramatic reversal from the days low and ended with strong gains. In terms of global queues, overnight in the U.S., Wall Street followed world shares to a higher close. The benchmark U.S. Treasury yield dipped to a one-month low after Federal Reserve chair, Jerome Powell reassured investors that while inflation is not quite tamed, rate cuts can still be expected this year. All three major U.S. token licenses closed well above session highs, marking a partial rebound from Tuesday's steep sell-off. The tech-having Nasdaq enjoyed the most robust gains. The Dowd room industrial average rose 0.2%. The S&P 500 and Nasdaq each gained half a percent. However, some names like Apple, Alphabet, and Disney sat out of the rally. Also, U.S. job openings have fallen to under 9,000K. And that's a reminder that Friday's job report has down side risks. While this morning, major Asia-Pacific stock indices hit record highs while investors awaited trade data from China. The Nikkei 2025 hit a record high before trading 0.14% lower while the broader topic gains 0.4%, which also hit a record high. Asia stocks rose falling comments from the U.S. Federal chair, that is, Jerome Powell, who reiterated his stance that while the central bank would start cutting rate, it was not immediately ready. Meanwhile, oil has gone up a percent to $82.90 per barrel. Bitcoin has cooled after blistering rally this week, they saw it briefly rise above a record high. The cryptocurrency has edged a percent slower to trade at $66,132. Now, for the domestic market, it seems a combination of SEBI and RBI messaging in action that are at play. Also, March is a tax-harvesting month, and so there's usually some selling. However, for today, the gift NFT indicates a positive start for the market. There are a couple of stocks to watch out for today. For instance, Mahindra and Mahindra promoter group has sold 93 lakh shares via block deal, and L.C. India will be in focus as the government has decided to offload 7% stake win off of a sale. The government will sell a 5% stake with a green true, an option for another 2%. Hindustan Aeronautics has signed an amendment to the LCA IOC contract, where the value has been revised higher to 5,078 crore rupees from 2,700 crore rupees earlier. Now, Zomato will also be key to track as ant financialist sold 17 crore shares via block deals, of which 5 crore were acquired by Morgan Stanley Asia. L.C. has increased its stake in L.I.C. mutual fund asset management to 44.61% from 40% earlier via private placement basis. Meanwhile, Vidanta plans to file a review petition in the Supreme Court with regards to the closure of Copper's multiplier plant at Tuttikuri. Also soon, after the market opens, India versus England fifth test match begins in Taramshala, where in other news, Union Minister Ashwini Veshna will inaugurate Nidi Iog's Nidi for States platform today. There's a Congress review meeting due later in the day. Also, Kerala CM Pineri Vijan will launch India's first government-owned Oredi platform today. Well, those were a few cubes to watch out for today. Have a good trading session. This is Kanishka Sarkar signing off. Stay tuned to CNBC TV ATE for more news on the other side. [MUSIC PLAYING] (upbeat music)