Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important updates ahead of the trading session of May 10

-GIFT Nifty was trading at a premium of nearly 100 points from Nifty Futures Thursday close, indicating a gap-up start for the Indian market.

-The Nifty has declined to levels last seen on March 20. It had given a brief close below 22,000 on April 18 as well, but staged a rebound soon after. On Thursday, the dip was swift and expiry-related pressures ensured that dip did not find buyers at lower levels. The fact that the index closed just 25 points away from the day's low, does not inspire much confidence either.

-Over 50% of Thursday's drop on the Nifty came from just four index constituents - HDFC Bank, L&T, Reliance Industries and ITC.

-Overnight in the US, all three major indexes climbed as fresh weekly jobless claims data came in at the highest level since August, raising expectations that central bankers might cut interest rates at some point this year. The 30-stock Dow jumped 0.85% to notch its longest win streak since a nine-day run in December. The S&P 500 added 0.51%, while the Nasdaq Composite gained 0.27%.

-Asia-Pacific stocks tracked Wall Street gains today as renewed rate cut hopes by the US Federal Reserve bolstered market sentiment.

-Oil prices rose this morning continuing an upward trend on the signs of an improving economy in China and as negotiations to halt hostilities in the stand-off between Israel and Hamas yielded no results. Brent futures rose to $84.24 a barrel.

-Results todays: Tata Motors, Eicher Motors, Cipla, Polycab, Bank of Baroda, Bank of India, Kalyan Jewellers

-Stocks to track: BPCL, Mahanagar Gas, Relaxo Footwear, Gopal Snacks, Quess Corp, Rain Industries

Tune in to the Marketbuzz Podcast for more cues