MarketBuzz
1313: Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 likely to open flat, Hero Moto, Hindalco results today
[MUSIC PLAYING] Good morning, everyone. Welcome back to CNBC TV, 18's Market Bus podcast. This is your host, Kanishka Salkar, bringing you top developments from around the world ahead of today's training session. Well, on Monday, both Nifty bulls, as well as bears, remain interested. While the dip got bought into similar to what the trend has been over the last few sessions, the Nifty could not sustain at higher levels as the recovery got sold into. Now, the market remained fairly resilient to any potential concerns arising from the latest report from US-based Schottseller Hindenburg Research. Unlike the previous instance, the entire market machinery ensured that the market did not face any knee-jerk reaction, leading to loss of investor wealth. Claddifications were put out by Sebi, Amfi, and market participants also urged calm. And the market went relatively unscathed from the events over the weekend. In fact, Adani group stocks, all of which opened lower with losses of up to 7%, recovered from the lows of the day, and some even ended the sessions with gains. Keeping the Adani group aside, the Nifty could not hold onto the 24,350 mark yet again. The index has been making higher highs on the daily chart for the last four trading sessions, meaning the intraday high of the current day being higher than that of the previous day. But it is failing to hold onto that 24,350 and 24,400 mark, which continues to be a resistance zone. Now Tuesday's session will see a lot of stock-specific moves, particularly HDFC Bank, that may determine the trajectory of the Nifty during the session. India's largest lender will see an increase in the weightage in the MSCI Global Standard Index, but in two tranches. Nwama Alternatives Anticipating inflows worth $1.8 billion in the first adjustment that will take place on August 30th. The session will also see more PSU learning reactions, like Hindustan Copper, RCF, IRFC, HATCO, along with other names, like Vodafone idea, Cameron Fine Sciences, Amy Organics, Campus Active Wear, Dome Industries, and ITI, among others. Three Nifty stocks, that is Hero Motocop, Apollo Hospitals and Hindalco, will report the results on Tuesday, along with broader market names, like MPR Pharma, DishTV, Dilla Biltcon, IRCTC, Mottoot Finance, Pyramal Enterprises, and HEG, among others. Well, other than that, shares of state-run railway cast niggum will be included in the MSCI India Index, which is part of the MSCI Global Standard Index, as part of its latest reshuffle. Six other stocks beside our VNL, Vodafone idea, Dixon Technologies, Oil India, Prestida States, Oracle Financial, and Zydus Life Sciences have also found a place in the MSCI India Index, as part of the latest reject. Bandhan Bank is the only Indian stock that will be excluded from the index. Now, in terms of global queues, Asian stocks, sir, rose this morning, fully recovering their losses from last week's route, bolstered by an advance in Japanese shares. Japan's equities rose after a holiday as a weaker yen-supported exporters. MSCI's Asia-Pacific God rose as much as 1% to erase losses from last week's tumble. The S&P 500 closed little change ahead of U.S. inflation data later Tuesday and Wednesday. Treasury's health Monday is gains. Now, oil remains near the $80 level it hit on Monday, as the U.S. sees Iranian attack against Israel as increasingly likely. Now, in the U.S. overnight, stocks see sort, but manage to maintain the momentum from last week, as investors brace for key inflation data. The S&P 500 ended flat, the NASDAQ composite advanced 0.2%, and the Dow Jones pulled back 0.3%. But in other news, Elon Musk's much-hyped interview or former President Donald Trump on the social media platform, X, was quickly derailed last night by technical glitches in the first minutes of the scheduled start time on Monday evening. The social media users trying to log on to the event, which was scheduled to begin at HPM years' time, reported that they could not join X's live stream platform. Shortly after 8.20pm, Musk, the billionaire Tesla and SpaceX CEO blamed a cyber attack for the freezing screens. Now, in terms of domestic news, Party Group has bought 24.5% in UK's BT for near $4 billion in a big overseas bet. The information and broadcasting ministry has said that it'll issue a new draft broadcasting services bill following industry feedback. And lastly, the Reserve Bank of India has tightened the norms for housing finance companies. Well, that's all for now. This is Kanishka Sarkar signing off. Stay tuned to CNBC TV18 for more news and news. (upbeat music) (upbeat music) [BLANK_AUDIO]