Marketbuzz Podcast with Kanishka Sarkar: Zakir Hussain passes away; Dixon Tech, Bharat Forge shares in focus
Episode 1393, Dec 16, 02:51 AM
Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of December 16
-Zakir Hussain is no more. The Tabla maestro's family has confirmed that the 73 year old succumbed to complications arising from idiopathic pulmonary fibrosis.
-On Friday, the Nifty recovered nearly 600 points from the lows of the day at 24,180 to end within touching distance of the higher end of the 24,500 - 24,800 range it found itself stuck in for the entire week before Friday. That came after a 350-plus points drop from the opening levels.
-The market action of Friday indicates a strong comeback of the bulls and more upside is expected in the near-term, said Nagaraj Shetti of HDFC Securities. The next upside target for the upcoming week is 25,200 with immediate support at 24,650, he added.
-All eyes for the this week will be on the US Federal Reserve's policy decision, where a 25 basis points rate cut from Jerome Powell and team is almost a done deal, but the focus will be on the commentary for the road ahead as to where the FOMC sees the interest rates in 2025, particularly after Donald Trump takes office on January 20.
-This morning, GIFTNifty was trading with a discount of nearly 80 points, indicating a gap-down start for the Indian market.
-Stocks to watch: Reliance Industries, Dixon Technologies, Lupin, Aurobindo Pharma, Premier Explosives, Axis Max Life Insurance, JP Power Ventures, JK Paper, Afcons Infra, JSW Energy, Bharat Forge
-Looking at global cues, most Asian stocks traded in narrow ranges early Monday ahead of a swath of Chinese data and following a vow from the nation’s regulators to stabilize markets. MSCI’s Asian benchmark was little changed as shares crept higher in Japan and Taiwan and were little changed in China. South Korean stocks erased earlier gains after President Yoon Suk Yeol was impeached on the weekend. US futures edged up after the S&P 500 closed almost unchanged Friday ahead of a policy decision by the Federal Reserve this week. Bitcoin rose to a fresh record.
-In commodities, oil edged lower, paring Friday’s rise as simmering geopolitical conflicts and the prospect of sanctions on Russia and Iran countered projections for a supply glut next year. Gold was little changed.
Tune in to the Marketbuzz Podcast for more cues
-Zakir Hussain is no more. The Tabla maestro's family has confirmed that the 73 year old succumbed to complications arising from idiopathic pulmonary fibrosis.
-On Friday, the Nifty recovered nearly 600 points from the lows of the day at 24,180 to end within touching distance of the higher end of the 24,500 - 24,800 range it found itself stuck in for the entire week before Friday. That came after a 350-plus points drop from the opening levels.
-The market action of Friday indicates a strong comeback of the bulls and more upside is expected in the near-term, said Nagaraj Shetti of HDFC Securities. The next upside target for the upcoming week is 25,200 with immediate support at 24,650, he added.
-All eyes for the this week will be on the US Federal Reserve's policy decision, where a 25 basis points rate cut from Jerome Powell and team is almost a done deal, but the focus will be on the commentary for the road ahead as to where the FOMC sees the interest rates in 2025, particularly after Donald Trump takes office on January 20.
-This morning, GIFTNifty was trading with a discount of nearly 80 points, indicating a gap-down start for the Indian market.
-Stocks to watch: Reliance Industries, Dixon Technologies, Lupin, Aurobindo Pharma, Premier Explosives, Axis Max Life Insurance, JP Power Ventures, JK Paper, Afcons Infra, JSW Energy, Bharat Forge
-Looking at global cues, most Asian stocks traded in narrow ranges early Monday ahead of a swath of Chinese data and following a vow from the nation’s regulators to stabilize markets. MSCI’s Asian benchmark was little changed as shares crept higher in Japan and Taiwan and were little changed in China. South Korean stocks erased earlier gains after President Yoon Suk Yeol was impeached on the weekend. US futures edged up after the S&P 500 closed almost unchanged Friday ahead of a policy decision by the Federal Reserve this week. Bitcoin rose to a fresh record.
-In commodities, oil edged lower, paring Friday’s rise as simmering geopolitical conflicts and the prospect of sanctions on Russia and Iran countered projections for a supply glut next year. Gold was little changed.
Tune in to the Marketbuzz Podcast for more cues