Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are the top developments from around the world ahead of the trading session on December 18
-The Nifty also closed below the 50-Day Moving Average (DMA), which is around the mark of 24,400 after a fall of over 300 points. 49 out of the 50 Nifty stocks ended with losses on Tuesday with Cipla being the only outlier that barely managed to stay afloat above the flat line. 41% of the 330-point fall that the Nifty saw on Tuesday came from its top five laggards - HDFC Bank, Bharti Airtel, TCS, ICICI Bank, and L&T. Even Reliance Industries played its part in taking the Nifty lower.
-It remains to be seen whether any relief is forthcoming from the institutional end on Wednesday as a lot of the IPO funds locked up would be refunded by Tuesday evening. While no such relief was seen on Tuesday when the process began, the bulls would rest their hopes on Wednesday.
-Wednesday's session will see three listings, that of MobiKwik, Vishal Mega Mart and Sai Life Sciences. While MobiKwik and Vishal Mega Mart saw healthy subscription figures, Sai Life saw a subdued response but may still list at a premium to its IPO price.
-Stocks to track: Aurobindo Pharma, JSW Energy, Ambuja Cements, Exide Industries, insurance stocks, Aditya Birla, Edelweiss Financial
-Global markets are on the edge ahead of key central bank decisions, including the US Federal Reserve, the impact of which will be seen during Thursday's trading session. The Bank of Japan will also be announcing its monetary policy decision on Thursday. Asian shares turned higher this morning, shrugging off Wall Street’s modest declines as traders braced for the Federal Reserve’s final policy decision of the year.
Tune in to the Marketbuzz Podcast for more cues
