MarketBuzz CNBC-TV18

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important cues ahead of the trading session of Juen 4

-India's marathon election enters its final phase today with the counting of more than 640 million votes in the world’s largest democratic exercise. Most exit polls widely expect the return of Prime Minister Narendra Modi to a third term after a decade in power.

-Bulls seem set for a super Tuesday. GIFT Nifty indicates a gap-up start for the Indian market. It's expected to build on to Monday's record gains

-The Nifty witnessed the biggest single-day gain in absolute terms on record on June 3, after the exit polls predicted a thumping majority for the Narendra Modi-led NDA government for the third straight term.

-The Nifty's 733-point advance, surpassed the 708-point surge it had witnessed in April 2020. BSE-listed companies together added ₹14 lakh crore in market capitalisation.

-Almost every sector barring IT participated in the rally yesterday. Reliance Industries hit a record high with its market capitalisation returning above the ₹20 lakh crore mark. Both SBI and ICICI Bank also hit record highs and crossed ₹8 lakh crore in market cap in the process. SBI is now the third most valued bank in the country in market cap terms after HDFC Bank and ICICI Bank.

-All eyes are now on the counting. Brokerage firm Nomura wrote in its note that in both 2014 and 2019, the exit polls had underestimated the NDA-seat count by 50 seats and if trend continues on Tuesday, the final NDA tally may turn out to be even better than what has been projected.

-Globally, Asia stocks dipped this morning after kicking off June on solid ground, with investors now awaiting the final results of India’s general elections.

-Overnight, U.S. stock index futures were listless as Wall Street looked to find its footing after an uneven start to the month. Futures for the Dow Jones Industrial Average were roughly flat. S&P 500 futures and Nasdaq 100 futures ticked up less than 0.1% each. The Dow fell more than 115 points, or 0.3%, on the first trading day of June. The S&P 500 and Nasdaq Composite both rose modestly on Monday.

-Stocks to track: Zee Entertainment, Kalyan Jewellers, Sapphire Foods, Biocon, Mahindra & Mahindra Financial Services, RVNL, Veranda Learnings, Sanofi India, Capacite Infra

Stay tuned to CNBC-TV18 for election results, market action, political views, investor and industry opinion, and more 

Welcome to CNBC-TV18’s Marketbuzz Podcast, here are all the important cues ahead of the trading session of June 3

-In what is likely to be one of the most interesting sessions of the year or even more, the Gifty Nifty suggests not just a record high for Nifty but a start with gains of more than a whopping 500 points.

-Before the final D-Day tomorrow that is the result day of Lok sabha elections 2024, exit polls on Saturday forecast a historic third term for Prime Minister Narendra Modi. The exit poll results were also on similar lines of market anticipation.

-Most exit polls released predict a historic third term for Prime Minister Narendra Modi. The Bharatiya Janata Party-led National Democratic Alliance (NDA) is projected to secure more than 350 seats, comfortably crossing the halfway mark in the Lok Sabha. Although it may fall short of the ambitious '400 paar' target

-An exit poll conducted by News18 Poll Hub is expecting the National Democratic Alliance (NDA) to win between 355 - 370 seats for the Lok Sabha elections. The Bharatiya Janta Party (BJP) is expected to win between 305 - 315 seats, which is nearly at par or slightly higher than the 303 seats the party won in 2019.

-The Nifty had a forgettable last week as investors chose to book profit from record levels and wait for the exit polls outcome by sitting on the sidelines. The index ended 2% lower in the week gone by. Investors lost over ₹8 lakh crore courtesy of the weakness seen last week. However, they might look to recover most of that sooner or later, after the exit poll outcome.

-Expert commentary is key to watch today, Prashant Khemka of White Oak Capital believes that the Nifty will be hitting levels of 50,000 in the next five years, which is more than double of where it currently is. Raamdeo Agrawal, Chairman and Co-founder of Motilal Oswal Group, believes this could mark the beginning of a 'higher for longer' market rally, especially if the BJP achieves its '400-paar' target.

-Among the sectors that brokerages have bet on that are likely to be the key beneficiaries on the continuation of the current government would be PSUs, railways, defence, and other manufacturing and capex oriented sectors. Raamdeo Agrawal of Motilal Oswal though, expects the banks to emerge as the outperformers. CLSA also prefers larger banks due to the valuation comfort.

-Stocks to watch: Hero MotoCorp, Tata Motors, Maruti Suzuki India, TVS Motor, Mahindra & Mahindra, Ashok Leyland, Eicher Motors, Escorts Kubota, defence PSUs, railway stocks, Adani Ports, Canara Bank, Welspun Corp, Aurobindo Pharma, MOIL, Coal India, Ashoka Buildcon, REC, Inox Wind, Aarti Pharmalabs

-On the global front, Asia-Pacific stock markets mostly rose Monday ahead of a private survey on China’s manufacturing sector. Wall Street futures were calm ahead of the first trading day in June, with the Dow Jones Industrial Average futures up 25 points, or less than 0.1%. S&P 500 futures were flat, and Nasdaq 100 futures were down 0.1%.

-Oil extended losses this morning after OPEC+ set out a plan to restore some suspended production as early as October, despite concerns over the demand outlook and robust supply from outside of the group.

Tune in to Marketbuzz Podcast for more cues 

Marketbuzz Podcast: Indian markets may see a positive start according to the GIFT Nifty. Watch out for stocks like Apollo Hospitals, Muthoot Finance, Bharat Dynamics.

Marketbuzz Podcast: Indian markets may see a gap down start according to the GIFT Nifty. Watch out for stocks like Tata Steel, Cummins India, Bata India.

Marketbuzz Podcast: Indian markets may see a gap down start according to the GIFT Nifty. Watch out for stocks like Aditya Birla Fashion, IRCTC, NBCC and more.

Marketbuzz Podcast: Indian markets may see a subdued start according to the GIFT Nifty. Watch out for stocks like LIC, Adani Energy Solutions, Timken India and more.