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1377: Marketbuzz Podcast with Kanishka Sarkar: Market to open little changed, NTPC Green Energy IPO opens today
- 2024/11/19
- 再生時間: 5 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 19
-The Nifty index recorded its seventh consecutive day of losses on November 18, marking its longest losing streak since February 2023. The index closed 0.34% lower to settle at 23,453, slipping below its 200-day moving average.
-The Nifty IT index fell sharply by 2.3%, as comments from Federal Reserve Chair Jerome Powell, signaling a slower pace of rate cuts, weighed on domestic IT sentiment. Meanwhile, the Nifty Metal index outperformed, climbing 1.9% after China announced the withdrawal of export tax rebates on select aluminum and copper products. The move is expected to tighten global supply, benefiting Indian producers.
-Besides, Honasa Consumer shares were locked at the 20% lower circuit limit at ₹297.25 following a disappointing earnings report. The stock has declined 30.36% year-to-date, making 2024 a challenging year for the company.
-With Q2 earning season coming to a close and FII selling continuing, analysts expect Nifty to consolidate within a broad range due to the absence of any positive trigger.
-Today's trading session will also see the opening of the ₹10,000 crore IPO of NTPC Green Energy. The price band is fixed between ₹102 and ₹108 per share. The offering comprises entirely fresh equity shares with no Offer for Sale (OFS) component. This IPO is the third-largest of 2024, trailing Hyundai Motor India and Swiggy.
-This morning the #GIFTNifty was higher, trading at a premium of nearly 20 pts from Nifty Futures Monday close, indicating a flat-to-positive start for the Indian market
-Asian equities advanced following gains in US stocks, after Treasuries halted a selloff that had pushed 10-year yields as high as 4.5%. Traders are closely watching any news around President-elect Donald Trump’s planned administration.
-MSCI’s gauge of regional share climbed as much as 0.7% as benchmarks climbed in Japan, South Korea, China and Australia. The Nasdaq 100 outperformed Monday, with Tesla Inc. rising 5.6% on a news report Trump’s transition team have told advisers they plan to make a federal framework for fully self-driving vehicles one of the Transportation Department’s priorities.
-Overnight, the S&P 500 rose 0.4% on Monday, while the Nasdaq 100 climbed 0.7%. The S&P 500 Index will advance through the end of next year amid continued US economic expansion and earnings growth, according to Goldman Sachs Group Inc.’s chief equity strategist David Kostin
-Bitcoin slipped in Asian trade after rising above $91,000 Monday. The crypto currency is back in the vicinity of an all-time peak, supported by a salvo of developments highlighting the deepening embrace of the digital-asset industry in the US under crypto cheerleader Donald Trump.
-Oil was little changed after surging on Monday amid simmering geopolitical tensions. West Texas Intermediate rose to settle above $69 a barrel after the US gave Ukraine the green light to use long-range missiles inside of Russia, amping up tensions between the warring nations.
-Gold extended its gains as Goldman Sachs reiterated a forecast for prices to reach $3,000 an ounce next year.
Tune in to the podcast now for more cues
-The Nifty index recorded its seventh consecutive day of losses on November 18, marking its longest losing streak since February 2023. The index closed 0.34% lower to settle at 23,453, slipping below its 200-day moving average.
-The Nifty IT index fell sharply by 2.3%, as comments from Federal Reserve Chair Jerome Powell, signaling a slower pace of rate cuts, weighed on domestic IT sentiment. Meanwhile, the Nifty Metal index outperformed, climbing 1.9% after China announced the withdrawal of export tax rebates on select aluminum and copper products. The move is expected to tighten global supply, benefiting Indian producers.
-Besides, Honasa Consumer shares were locked at the 20% lower circuit limit at ₹297.25 following a disappointing earnings report. The stock has declined 30.36% year-to-date, making 2024 a challenging year for the company.
-With Q2 earning season coming to a close and FII selling continuing, analysts expect Nifty to consolidate within a broad range due to the absence of any positive trigger.
-Today's trading session will also see the opening of the ₹10,000 crore IPO of NTPC Green Energy. The price band is fixed between ₹102 and ₹108 per share. The offering comprises entirely fresh equity shares with no Offer for Sale (OFS) component. This IPO is the third-largest of 2024, trailing Hyundai Motor India and Swiggy.
-This morning the #GIFTNifty was higher, trading at a premium of nearly 20 pts from Nifty Futures Monday close, indicating a flat-to-positive start for the Indian market
-Asian equities advanced following gains in US stocks, after Treasuries halted a selloff that had pushed 10-year yields as high as 4.5%. Traders are closely watching any news around President-elect Donald Trump’s planned administration.
-MSCI’s gauge of regional share climbed as much as 0.7% as benchmarks climbed in Japan, South Korea, China and Australia. The Nasdaq 100 outperformed Monday, with Tesla Inc. rising 5.6% on a news report Trump’s transition team have told advisers they plan to make a federal framework for fully self-driving vehicles one of the Transportation Department’s priorities.
-Overnight, the S&P 500 rose 0.4% on Monday, while the Nasdaq 100 climbed 0.7%. The S&P 500 Index will advance through the end of next year amid continued US economic expansion and earnings growth, according to Goldman Sachs Group Inc.’s chief equity strategist David Kostin
-Bitcoin slipped in Asian trade after rising above $91,000 Monday. The crypto currency is back in the vicinity of an all-time peak, supported by a salvo of developments highlighting the deepening embrace of the digital-asset industry in the US under crypto cheerleader Donald Trump.
-Oil was little changed after surging on Monday amid simmering geopolitical tensions. West Texas Intermediate rose to settle above $69 a barrel after the US gave Ukraine the green light to use long-range missiles inside of Russia, amping up tensions between the warring nations.
-Gold extended its gains as Goldman Sachs reiterated a forecast for prices to reach $3,000 an ounce next year.
Tune in to the podcast now for more cues