ETMarkets Morning Podcast: Your Daily Digest Of Market News, Views And Cues


Resignation of a top Donald Trump advisor, EU's tit for tat trade tariffs, a large bearish formation on the Nifty daily chart and a topsy-turvy Wall Street have created a tense trade setup this morning. That’s where we start our day on Dalal Steet, ladies and gentlemen. This is Nishant Kumar, your market jockey, bringing all the news, views and cues to get you ready for the trading day ahead.


Nifty futures in Singapore traded with a mild cut, signalling a possible negative opening for Dalal Street.

Asian markets traded mixed on Wednesday. Risk appetite appeared to recover slightly after taking a knock earlier on news that a top Trump economic advisor would be resigning. The Nikkei 225 traded flat after earlier sliding around 1 per cent. South Korea's Kospi reversed early losses to edge higher by 0.62 per cent. Overnight news that North Korea was open to talks with the US on denuclearisation also took focus.

US stocks closed moderately higher in overnight trade after a session of swings. Investors debated the potential impact of a trade war. In fact, the EU has hit back and threatened to come up with retaliatory tariffs against the US. Dow went up 0.04 per cent to 24,884. S&P 500 and Nasdaq rose up to 0.56 per cent.

The rupee on Tuesday shrugged off weakness in stocks and climbed 16 paise to a fresh one-week high of 64.96 on steady unwinding of dollars by exporters and corporates.

Oil prices fell on Wednesday after the key advocate for free trade in the US administration quit. Brent crude futures moved lower by 0.6 per cent to $65.37 per barrel. US crude futures eased to $62.16.

In stock-specific news, ICICI Bank and Axis Bank are in focus. Senior officials of the banks were summoned by the Serious Fraud Investigation Office (SFIO) on Tuesday as part of the probe into the Rs 12,700-crore Nirav Modi case.

Sebi has directed Tata Motors on Tuesday to conduct an inquiry into the leak of price-sensitive financial information that was doing the rounds on WhatsApp groups.

Bank of Baroda may have to provide for a potential loss of Rs 120 crore on loans to the Gupta family companies in South Africa after the firms filed for bankruptcy.

If you are looking for more stock-specific triggers, there are plenty and over a dozen stock recommendations from top brokerages on www.etmarkets.com.

If you need them daily, simply download our app on your phone and keep getting them on the move. We now also offer them in many other languages, besides English.

That’s it from me for the day. Thank you for listening in. Do enjoy your trading day and make lots of money.

Trending Hairstyles

Source : https://economictimes.indiatimes.com/markets/stocks/news/etmarkets-morning-podcast-your-daily-digest-of-market-news/articleshow/63196983.cms

ETMarkets Morning Podcast: Your daily digest of market news
'She didn't look sick, she looked beautiful': Protein shakes blamed in sudden death of ultra-fit mum aged just 25 - as her devastated family call for warnings on the popular ...
Indian markets likely to open flat tracking global cues
Make a meal of millets
ABC News embraces the nonsense
Google Home will go on sale today for $129, shipping November 4
Beyond Alt: Understanding the New Far Right
Transsexuals, Extreme Plastic Surgery, and What We Can Learn from Both
Where To Get The Best Cheese Toasties In London
A regulated media? It's as simple as your ABC