Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 headed for muted start, BHEL, Nykaa in focus
Episode 1256, May 22, 03:13 AM
Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important cues ahead of the trading session of May 22
- Traders in India's stock markets saw a rangebound session" for the Nifty. The index found support at the lower end of the trading range at 22,400 and resistance at the upper end of the range at 22,600, eventually eking out modest gains to sustain above the 22,500 mark.
-This morning, GIFT Nifty was trading with a premium of more than 15 points from Nifty Futures' Tuesday close, indicating a flat-to-positive start for the Indian market.
-For the mid-week trading session on Wednesday, stocks like BHEL, Metropolis, JK Tyre, VA Tech Wabag, Gulf Oil Lubricants will react to their results that were reported after market hours on Tuesday.
-Wednesday's session will also see Nifty names like Sun Pharma and Grasim report results along with broader market names like Nykaa, Petronet LNG, Jubilant Foodworks, Metro Brands, Gland Pharma, Ramco Cements, Garden Reach Shipbuilders, among other prominent names.
-Globally, Nvidia is the talk of the town at AI events leading into this week’s earnings.T his week, Microsoft, which provides servers to OpenAI, will announce new AI advancements and features that were developed on the company’s massive clusters of Nvidia GPUs. The company is hosting its Build conference in Redmond, Washington.
-Overnight in the US, all three indexes closed in positive territory, with the S&P 500 and the Nasdaq Composite closing at new records as investors looked toward AI darling Nvidia’s earnings report. The Nasdaq Composite rose 0.22% to 16,832.62. The S&P 500 added 0.25% to 5,321.41. The Dow Jones Industrial Average closed 0.17% higher at 39,872.99.
-Asian stocks struggled for solid footing amid a lack of local drivers after the S&P 500 crept to another record ahead of results from giant chipmaker Nvidia Corp. Shares in Japan fell as the country reported a trade deficit, while those in Australia climbed. Equity benchmarks in Hong Kong and mainland China slipped at the open. MSCI Inc.’s Asia Pacific index is down for a second day after a seven-session win streak.
-Stocks to watch: BHEL, Metropolis, JK Tyre, VA Tech Wabag, Gulf Oil Lubricants
-Results: Sun Pharma, Grasim report, Nykaa, Petronet LNG, Jubilant Foodworks, Metro Brands, Gland Pharma, Ramco Cements, Garden Reach Shipbuilders
Tune in to Marketbuzz Podcast for more cues
- Traders in India's stock markets saw a rangebound session" for the Nifty. The index found support at the lower end of the trading range at 22,400 and resistance at the upper end of the range at 22,600, eventually eking out modest gains to sustain above the 22,500 mark.
-This morning, GIFT Nifty was trading with a premium of more than 15 points from Nifty Futures' Tuesday close, indicating a flat-to-positive start for the Indian market.
-For the mid-week trading session on Wednesday, stocks like BHEL, Metropolis, JK Tyre, VA Tech Wabag, Gulf Oil Lubricants will react to their results that were reported after market hours on Tuesday.
-Wednesday's session will also see Nifty names like Sun Pharma and Grasim report results along with broader market names like Nykaa, Petronet LNG, Jubilant Foodworks, Metro Brands, Gland Pharma, Ramco Cements, Garden Reach Shipbuilders, among other prominent names.
-Globally, Nvidia is the talk of the town at AI events leading into this week’s earnings.T his week, Microsoft, which provides servers to OpenAI, will announce new AI advancements and features that were developed on the company’s massive clusters of Nvidia GPUs. The company is hosting its Build conference in Redmond, Washington.
-Overnight in the US, all three indexes closed in positive territory, with the S&P 500 and the Nasdaq Composite closing at new records as investors looked toward AI darling Nvidia’s earnings report. The Nasdaq Composite rose 0.22% to 16,832.62. The S&P 500 added 0.25% to 5,321.41. The Dow Jones Industrial Average closed 0.17% higher at 39,872.99.
-Asian stocks struggled for solid footing amid a lack of local drivers after the S&P 500 crept to another record ahead of results from giant chipmaker Nvidia Corp. Shares in Japan fell as the country reported a trade deficit, while those in Australia climbed. Equity benchmarks in Hong Kong and mainland China slipped at the open. MSCI Inc.’s Asia Pacific index is down for a second day after a seven-session win streak.
-Stocks to watch: BHEL, Metropolis, JK Tyre, VA Tech Wabag, Gulf Oil Lubricants
-Results: Sun Pharma, Grasim report, Nykaa, Petronet LNG, Jubilant Foodworks, Metro Brands, Gland Pharma, Ramco Cements, Garden Reach Shipbuilders
Tune in to Marketbuzz Podcast for more cues