Hello and welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important cues ahead of the trading session of April 23
- The big cue is better-than-expected Reliance Industries results. A lot would depend on how the market reacts to RIL’s quarterly results, in which the index heavyweight reported strong operating performance.
- With geopolitical tensions normalising, Nifty 50 is back on its upward trajectory. The index is now up 600 points from Friday's low of 21,777. With Monday's surge, the Nifty has also turned positive for the April F&O series.
- Tata Consumer Products, ICICI Prudential, M&M Finance, Tata Elxsi, MCX and Cyient DLM will report their quarterly earnings.
- PMI data will also be released later in the day.
- This morning, Asia-Pacific markets extended gains from April 22 as tech shares rebounded on Wall Street and investors looked toward flash business activity figures from Australia, Japan and India.
-Japan’s Nikkei 225 popped 0.8% at the open, while the broad based Topix was up 0.66%. Futures for Hong Kong’s Hang Seng index stood at 16,681, pointing to a weaker open compared to the HSI’s close of 16,511.69.
-Overnight in the U.S., the S&P 500 and Nasdaq Composite both snapped six-day losing streaks, gaining 0.87% and 1.11% respectively, while the Dow Jones Industrial Average
climbed 0.67%,
-Oil prices edged higher in early Asian trading today, reversing losses from the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East.
-Gold prices, meanwhile, retreated 2% yesterday as easing fears of a wider Middle East conflict boosted investors’ risk appetite, lowering bullion’s safe-haven demand.
-For the domestic market, it is likely going to be a flat start amid mixed cues. At the time of recording the Gift Nifty was trading 0.4% lower, indicating a start in the red.
-Stocks to track: TCS, Patel Engineering, PSP Projects, Kesoram Industries, Tamilnad Mercantile Bank, Mahindra Logistics’, M&M Finance, Inox Wind
Tune in to the Marketbuzz Podcast for more cues
