1407: Marketbuzz Podcast with Kanishka Sarkar: Opening likely in the red, Street to react to TCS, Tata Elxsi results

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here is top news from around the world ahead of the trading session of January 10 -Thursday’s session clearly favored the bears, as the market witnessed a broad-based sell-off. Extending its corrective phase, the market remained under pressure and lost over half a percent, with the frontline indices falling nearly 1% each. Most sectors moved in tandem with the benchmark indices, with realty, energy, and IT emerging as the top losers. Broader indices also faced selling pressure, each slipping nearly 1%. The Nifty Midcap index recorded its fourth loss in the last five sessions. -This morning, GIFTNifty was lower, trading at a discount of more than 60 points from Nifty Futures Thursday close, indicating a start in the red for the Indian market -Whether the Nifty 50 ends the week with gains or losses depends on the way the Street will react to quarterly results from India's largest IT services company, TCS. The performance from TCS may have a rub-off effect on other IT companies too, five others of which are part of the Nifty 50. -Stocks to watch: TCS, Ireda, Tata Elxsi, Adani Total Gas, Mahanagar Gas, Mazagon Dock, Polyplex Corporation -Asian equities and US futures fell as caution took hold ahead of jobs data that will help shape the outlook for Federal Reserve interest rates. Shares in Japan and Australia slipped, white those in Hong Kong opened higher. Contracts for the S&P 500 dropped for a second day after US trading was closed on Thursday to observe a national day of mourning for former President Jimmy Carter. -Several Fed officials confirmed Thursday that the central bank will likely hold interest rates at current levels for an extended period, only cutting again when inflation meaningfully cools. -Oil rose for a second day as falling US inventories offset more signs of economic weakness in China, the biggest importer. Tune in to the podcast for more cues

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1407: Marketbuzz Podcast with Kanishka Sarkar: Opening likely in the red, Street to react to TCS, Tata Elxsi results is an episode from MarketBuzz by CNBC-TV18.

This episode is 4:28 long.

This episode was published on Jan 10, 2025.

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