1280: Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 likely to open in red amid mixed global cues

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are to track ahead of the trading session of June 26

-The Indian market continued to hit new highs with large buying from foreign investors on June 25. If you compare Monday's low to Tuesday's high for the Nifty, the index surged exactly 400 points to make new highs. 23,751 now becomes the new record high for the Nifty 50. The index is now up by well over 1,200 points for the June F&O series, with two more trading sessions to go.

-Financials provided leadership to the market yesterday. Four out of the top five gainers on the Nifty 50 index were private financials, including Shriram Finance, the newest entrant on the index. The Nifty gained 183 points on Tuesday. Three-quarters or 75% or 138 of those points, came from three banking heavyweights - HDFC Bank, Axis Bank and ICICI Bank.

-The question to be asked now is, can the Nifty sustain a single-sector-led rally? barring the banks, the rest of the market relatively sulked through the day.

-However, experts say the market is now showing signs of an upside breakout in the near-term.

-The GIFT Nifty was trading with a discount of nearly 30 points from Nifty Futures' Tuesday close this morning, indicating a start in the red for the Indian market.

-Stocks to watch: CE Info Systems, Sanghi Industries, Mazagon Dock Shipbuilders, Yes Bank, Vishnu Prakash R Punglia, Mahindra & Mahindra Finance, NTPC

-Stocks in Asia treaded water this morning as Federal Reserve officials said they wanted more evidence of cooling inflation before lowering interest rates. Hong Kong and mainland China equity gauges fell at the open. Stocks declined in Australia, while those in Taiwan, Japan and South Korea rose. A gauge of Asian stocks was little changed.

-Overnight in the U.S., the Dow Jones Industrial Average declined, shedding 0.76% and closing at 39,112.16. Led by an Nvidia rebound, the broad market S&P 500 added 0.39% while the Nasdaq Composite advanced 1.26%, with both indexes ending three-day losing streaks.

Tune in to the Marketbuzz Podcast for more cues