Marketbuzz Podcast with Kanishka Sarkar: Here are 10 key talking points
Episode 1193, Feb 14, 03:05 AM
Hello and welcome to CNBC-TV18's daily markets podcast. Here’s a snapshot of all that you need to know before the February 14 trading action
- US inflation data came out higher than expected. US CPI data rose by 0.3% on a monthly basis, while on an annual basis it was up 3.1%. Core prices, which exclude volatile food and energy components, rose 0.4% month over month and 3.9% from a year ago. Core CPI was expected to have increased 0.3% in January and 3.7% from a year earlier, respectively.
- Overnight in the US, the hotter-than-expected inflation data saw all three major indexes lose ground, with the Dow Jones Industrial Average falling 1.35%, clocking its worst session since March 2023 on a percentage basis. The S&P 500 slid 1.37%, while the Nasdaq Composite fell 1.8% to settle at 15,655.60.
- Asia-Pacific markets tracked Wall Street losses. Hong Kong’s Hang Seng index led losses in Asia, plunging 1.7% at the open as the city returns to trade after the Lunar New Year holiday. Japan’s Nikkei 225 retreated from 34-year highs, falling 0.78%, while the Topix saw a larger loss of 1.21%
- Oil held a seven-day run of gains as traders digested contrasting outlooks from OPEC and the IEA, as well as a mixed US stockpiles report.
- Brent was near $83. Although OPEC’s top official said global oil demand is set to grow strongly, the Paris-based International Energy Agency flagged comfortable markets this year.
- The domestic stock market in the previous session closed at day's high amid volatility, regaining half of Monday's losses. The Nifty50 index held onto 21,700. The midcap index also recovered sharply, gaining about 1,000 points from lows. The Sensex rose 482.70 points or 0.68% at 71,555.19, and the Nifty gained 127.30 points or 0.59% at 21,743.30.
- The Nifty Bank index also shed previous session losses and settled 1.38% higher at 45,502.40. The PSU sector has bounced back after witnessing profit booking over the last few trading sessions.
- Meanwhile, foreign investors were net buyers, buying ₹376 crore, in the cash market on February 13, while domestic investors also bought ₹274 crore in equities.
- Adani Group companies, IRCTC, Zee Ent, Nalco, Oil India, Deepak Nitrite, BPCL, Bharat Electronics
- Gift Nifty was trading in the negative territory this morning indicating a start below 21700 level for Nifty.
Tune in to the Marketbuzz Podcast for more cues
- US inflation data came out higher than expected. US CPI data rose by 0.3% on a monthly basis, while on an annual basis it was up 3.1%. Core prices, which exclude volatile food and energy components, rose 0.4% month over month and 3.9% from a year ago. Core CPI was expected to have increased 0.3% in January and 3.7% from a year earlier, respectively.
- Overnight in the US, the hotter-than-expected inflation data saw all three major indexes lose ground, with the Dow Jones Industrial Average falling 1.35%, clocking its worst session since March 2023 on a percentage basis. The S&P 500 slid 1.37%, while the Nasdaq Composite fell 1.8% to settle at 15,655.60.
- Asia-Pacific markets tracked Wall Street losses. Hong Kong’s Hang Seng index led losses in Asia, plunging 1.7% at the open as the city returns to trade after the Lunar New Year holiday. Japan’s Nikkei 225 retreated from 34-year highs, falling 0.78%, while the Topix saw a larger loss of 1.21%
- Oil held a seven-day run of gains as traders digested contrasting outlooks from OPEC and the IEA, as well as a mixed US stockpiles report.
- Brent was near $83. Although OPEC’s top official said global oil demand is set to grow strongly, the Paris-based International Energy Agency flagged comfortable markets this year.
- The domestic stock market in the previous session closed at day's high amid volatility, regaining half of Monday's losses. The Nifty50 index held onto 21,700. The midcap index also recovered sharply, gaining about 1,000 points from lows. The Sensex rose 482.70 points or 0.68% at 71,555.19, and the Nifty gained 127.30 points or 0.59% at 21,743.30.
- The Nifty Bank index also shed previous session losses and settled 1.38% higher at 45,502.40. The PSU sector has bounced back after witnessing profit booking over the last few trading sessions.
- Meanwhile, foreign investors were net buyers, buying ₹376 crore, in the cash market on February 13, while domestic investors also bought ₹274 crore in equities.
- Adani Group companies, IRCTC, Zee Ent, Nalco, Oil India, Deepak Nitrite, BPCL, Bharat Electronics
- Gift Nifty was trading in the negative territory this morning indicating a start below 21700 level for Nifty.
Tune in to the Marketbuzz Podcast for more cues