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1371: Marketbuzz Podcast with Kanishka Sarkar: Muted open likely despite global rally after Fed rate cut
- 2024/11/08
- 再生時間: 4 分
- ポッドキャスト
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サマリー
あらすじ・解説
Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of November 8
-Asian equities climbed this morning after stocks, bonds and commodities all rallied in the US as the Federal Reserve cut interest rates. It remains to be seen whether or not Indian equities will follow suit. The GIFT Nifty was flat this morning, trading at a discount of less than 20 pts, from Nifty Futures Thursday close, indicating a muted start for the Indian market
-Yesterday, the Indian markets witnessed profit booking after a huge surge over the last two trading sessions. A 300-point drop after hitting an intraday high of 24,503 may not have pleased the Nifty bulls. The Nifty 50 concluded near 24,200, shedding over a percent from its last close, while Sensex fell 836 points to settle at 79,542.
-Today, the Street will react to the FOMC interest rate decision. Traders had about fully priced in a 25-basis point rate cut.
-Earnings reactions will be seen from Lupin, NCC, Emami, Lupin, Cochin Shipyard, NHPC, Steel Authority of India, Ircon International that reported results after market hours on Thursday.
-Stocks like State Bank of India, Tata Motors, MRF, Ashok Leyland, Equitas Small Finance Bank, CE Info Systems, Bajaj Hindusthan Sugar, India Cements, INOX India, Dreamfolks Services, among others will be reporting results on November 8.
-The Federal Reserve did cut its key interest rate last night by a quarter-point in response to the steady decline in the once-high inflation that angered Americans and helped drive Donald Trump’s presidential election victory this week.
-Overnight in the U.S., the S&P 500 and Nasdaq rose, extending a rally after Donald Trump’s victory in the U.S. presidential election and the latest rate cut from the Federal Reserve. This morning, Australian, Japanese, South Korean and Chinese shares all advanced, supporting a second day of gains for a region-wide equity gauge. Treasuries ticked lower in Asia while US equity futures were little changed.
-In commodities, gold trimmed some of its advance from Thursday, while oil headed for a weekly gain. Bitcoin was little changed.
Tune in to Marketbuzz Podcast for more cues
-Asian equities climbed this morning after stocks, bonds and commodities all rallied in the US as the Federal Reserve cut interest rates. It remains to be seen whether or not Indian equities will follow suit. The GIFT Nifty was flat this morning, trading at a discount of less than 20 pts, from Nifty Futures Thursday close, indicating a muted start for the Indian market
-Yesterday, the Indian markets witnessed profit booking after a huge surge over the last two trading sessions. A 300-point drop after hitting an intraday high of 24,503 may not have pleased the Nifty bulls. The Nifty 50 concluded near 24,200, shedding over a percent from its last close, while Sensex fell 836 points to settle at 79,542.
-Today, the Street will react to the FOMC interest rate decision. Traders had about fully priced in a 25-basis point rate cut.
-Earnings reactions will be seen from Lupin, NCC, Emami, Lupin, Cochin Shipyard, NHPC, Steel Authority of India, Ircon International that reported results after market hours on Thursday.
-Stocks like State Bank of India, Tata Motors, MRF, Ashok Leyland, Equitas Small Finance Bank, CE Info Systems, Bajaj Hindusthan Sugar, India Cements, INOX India, Dreamfolks Services, among others will be reporting results on November 8.
-The Federal Reserve did cut its key interest rate last night by a quarter-point in response to the steady decline in the once-high inflation that angered Americans and helped drive Donald Trump’s presidential election victory this week.
-Overnight in the U.S., the S&P 500 and Nasdaq rose, extending a rally after Donald Trump’s victory in the U.S. presidential election and the latest rate cut from the Federal Reserve. This morning, Australian, Japanese, South Korean and Chinese shares all advanced, supporting a second day of gains for a region-wide equity gauge. Treasuries ticked lower in Asia while US equity futures were little changed.
-In commodities, gold trimmed some of its advance from Thursday, while oil headed for a weekly gain. Bitcoin was little changed.
Tune in to Marketbuzz Podcast for more cues