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1225: Marketbuzz Podcast with Kanishka Sarkar: Nifty 50, Sensex likely to open lower; Ultratech Cement, Zee in focus

1225: Marketbuzz Podcast with Kanishka Sarkar: Nifty 50, Sensex likely to open lower; Ultratech Cement, Zee in focus

FromMarketBuzz


1225: Marketbuzz Podcast with Kanishka Sarkar: Nifty 50, Sensex likely to open lower; Ultratech Cement, Zee in focus

FromMarketBuzz

ratings:
Length:
4 minutes
Released:
Apr 3, 2024
Format:
Podcast episode

Description

Hello and welcome back to CNBC-TV18’s Marketbuzz Podcast. Here are all the important cues ahead of the trading session of April 3

-Asia-Pacific stocks declined this morning after a mixed session, with markets watching for moves in electric vehicle makers. It’s because Tesla’s first-quarter vehicle deliveries dropped 8.5% from a year ago, sending shares of the US EV maker down 5%. 

-In the US  overnight, Dow Jones fell for a second day as bond yields rose and expectations that the Fed would cut interest rates in June fell. The Dow closed nearly 400 points, or a percent 1% lower, while the S&P 500 slid 0.72%. It was the worst day since March 5 for the Dow and the S&P 500. The Nasdaq Composite shed 0.95%.

-Taiwan was hit by a powerful earthquake early today. The Taiwan Weighted Index shed 0.8%. Japan’s Nikkei 225 is down 1.07%, with the broad based Topix 0.49% lower.

-Crude prices were higher, the US Dollar index also inched up, as did the treasury yields in the US. 

-In the previous session, the Nifty managed to avoid any significant correction and the dip that came in during the day, was quickly bought into. After a swift recovery from the recent swing low of March 20, the Nifty seems to have taken a pause. It traded in a 100-point range yesterday but managed to respect levels both on the upside and the downside. 

-The Nifty Bank also remained in consolidation mode with heavyweight banks on either side of the fence

-Stocks to watch: UltraTech Cement, JSW Energy Board, Zee Entertainment, Anupam Rasayan, Dhanlaxmi Bank, Hindustan Zinc, NALCO, Karur Vysya Bank, HCLTech, Shriram Properties 

-Gift Nifty suggests a start in the red for benchmarks Sensex and Nifty.

Tune in to the podcast for more cues
Released:
Apr 3, 2024
Format:
Podcast episode

Titles in the series (100)

The most vital things you should know before the opening bell. Five days a week, powered by CNBC-TV18 Journalists. MarketBuzz breaks the clutter and gives you a complete lowdown of the most vital things that will impact the market. Listen in as our journalists provide you with actionable insights that will help your trading.