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1161: Marketbuzz Podcast with Sudarshan Kumar: Sensex, Nifty 50 eye positive start amid year-end caution

1161: Marketbuzz Podcast with Sudarshan Kumar: Sensex, Nifty 50 eye positive start amid year-end caution

FromMarketBuzz


1161: Marketbuzz Podcast with Sudarshan Kumar: Sensex, Nifty 50 eye positive start amid year-end caution

FromMarketBuzz

ratings:
Length:
2 minutes
Released:
Dec 26, 2023
Format:
Podcast episode

Description

As we step into a new week after the weekend, global markets remain stable, setting the stage for a positive start. The Friday market close reflected a positive trend, with NASDAQ and S&P recording gains. Dow Jones experienced a slight dip, but the small-cap index stood out with a 2.5% surge in the closing hour, finishing at the day's peak.

U.S. markets extended their winning streak for the eighth consecutive week, underscoring continued investor confidence. Back home, the Indian market showed resilience amid volatility, particularly in mid and small-cap stocks. The GIF Nifty suggests a positive opening today, although the focus remains on sustainability, given the expected low trading volumes leading up to year-end.

In the commodity space, crude oil is navigating a range amidst tensions in the Red Sea, with Brent at around $80 and WTI dynamics near $74 per barrel. Precious metals continue their upward trajectory, with gold touching a record high and approaching $2100 per ounce.

In terms of institutional activities, FI net sellers on Friday amounted to INR 2829 crore, while DI net buyers acquired shares worth INR 2167 crore.

Looking ahead, key stocks are in focus, including Infosys following the termination of a global deal exceeding $1.5 billion, VIP Industries amidst CEO succession concerns, and liquor stocks gaining traction with the Gujarat government permitting liquor consumption at Gift City. As the week progresses, market participants remain cautious amid year-end uncertainties.
Released:
Dec 26, 2023
Format:
Podcast episode

Titles in the series (100)

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