1257: Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 headed for flat start, ITC, Honasa Consumer in focus

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important cues ahead of the trading session of May 23
 
-Nvidia results are out and no estimates are enough. The AI-giant surged past all of them during its quarterly results. Shares surged past the $1,000 mark for the first time in extended trading. A 10-for-1 stock split, meaning division of one share into 10 has also been announced. NVIDIA will also pay a quarterly dividend of 10 cents, a 150% boost. For the quarter, NVIDIA reported revenue of $26.04 billion and Its Earnings per Share of $6.12 also surpassed the $5.59 estimate.

-Overnight in the US, the Dow Jones Industrial Average saw its worst day in May and declined 0.51%, while the S&P 500 lost 0.27% and the Nasdaq Composite dropped 0.18%.
Minutes from the policy meeting of the Federal Open Market Committee have indicated apprehension from policymakers about when it would be time to ease.

-This morning, Asia-Pacific markets were mixed after minutes of the last U.S. Federal Reserve meeting revealed Fed officials’ concerns over sticky inflation, with members seemingly getting cold feet on possible interest rate cuts.

-Oil prices eased for a fourth straight day today on worries that U.S. borrowing costs could be hiked again if inflation surged, a move that could hurt oil demand.
Brent crude futures fell 27 cents, or 0.3%, to $81.63 a barrel

-In the previous session, the Nifty gained for the fifth day in a row on Wednesday. It is now at the make or break level of 22,600, sustaining above which will open the doors for the index to make newer highs.

-Thursday will be the weekly options expiry of the Nifty 50 contracts, which will be the penultimate weekly expiry for the May F&O series. The move seen by the Nifty in the last five sessions has ensured that the index has turned positive for the series, only by just, but has turned positive nonetheless.

-The market does remain in a wait and watch mode for the Lok Sabha election results. Even as the Nifty continues to edge higher, there is no significant move on either side on the index.

-Stocks to watch: Gland Pharma, Jubilant Foodworks, Grasim, Garden Reach Shipbuilders, Power Grid, Metro Brands, and Minda Corp.

-Results: ITC, Barbqeue Nation, Cello World, Finolex Cables, Fortis Healthcare, Honasa Consumer, Schneider Electric, Orchid Pharma, Tega Industries, Steel Strips Wheels, TD Power

-GIFT Nifty traded with a discount of more than 10 points from Nifty Futures' Wednesday close, indicating a flat-to-negative start for the Indian market.

Tune in to Marketbuzz Podcast for more cues