Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 headed for gap-up start, Reliance, HDFC Bank in focus
Description
Welcome to CNBC-TV18'S Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of September 23
-The GIFTNifty was higher this morning, trading at a premium of nearly 90 pts from Nifty Futures Friday close, indicating a gap-up start for the Indian market.
-After the choppy Friday session, the Nifty ended 1.8% higher for the week and has now gained in five out of the last six weeks.
-This will be the September series expiry week and the focus will now shift back to domestic factors as the major global event is out of the way. After a week of lull, the first week of October will start with companies reporting their quarterly business updates before IT companies kickstart the September quarter earnings season.
-The handover from Wall Street is a subdued one as the benchmark indices had a quiet session on Friday but not before they notched up yet another week of gains and the Dow Jones ended at a record high.
-Asian stocks traded in a narrow range this morning as investors weighed a raft of data which reinforced concerns about the health of China’s economy.
-Stocks to track: Reliance Industries, HDFC Bank, Dr. Reddy's Laboratories, Vodafone Idea, Tata Steel, KEC International, Adani Total Gas, Ramco Cements, HFCL, Glenmark Pharma, Aarti Drugs, BHEL, ONGC, Mankind Pharma, Godfrey Phillips
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