1304: Marketbuzz Podcast with Kanishka Sarkar: Nifty 50 eyes 25,000 yet again, Maruti Suzuki and Tata Steel in focus

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the developments from around the world ahead of the trading session on July 31

-And for the third day in a row, the question remains – will the Nifty 50 hit 25,000 today or not?
Because Tuesday's trading session almost felt like a repeat telecast of Monday's episode. The Nifty opens higher, scales higher, makes a high, ignites hopes of scaling 25,000 yet again and then comes a sell-off in the final few minutes of the session, taking the Nifty back to the exact same levels at which it started the session at.

-Today is also the last trading day of the month and as volatile a month as this has been, the index has so far gained 3.5% since the start of July.

-Stocks to watch: Tata Consumer Products, Ajanta Pharma, Dixon Technologies, Indus Towers, Navin Fluorine, Torrent Power, Macrotech Developers

-Earning: Four Nifty 50 constituents - Coal India, Mahindra & Mahindra, Maruti Suzuki and Tata Steel report results along with broader market names like Adani Power, Ambuja Cements, Aster DM Healthcare, Bank of Baroda, BHEL, Deepak Fertilisers, Birlasoft, Godrej Properties, Mankind Pharma, Prestige Estates and Zee Entertainment.

-HDFC Securities’ Nagaraj Shetti belives the short-term Nifty trend is choppy but the near-term trend remains intact, and that the overall chart pattern is indicating some more consolidation or a minor dip in the next 1-2 sessions before a bounce from the lows.

-In terms of global cues, Asian stocks clung to familiar ranges on Wednesday after contrasting results from tech bellwether Microsoft and chipmaker AMD suggested a divide in the AI landscape while the yen was firm ahead of the Bank of Japan's policy decision.

-Central banks dominate investor attention on Wednesday, with the decision from the Federal Reserve also due later in the day with markets expecting the U.S. central bank to stand pat on rates but indicate rate cuts are on the way. The BOJ on the other hand is expected to detail plans to taper its huge bond buying on Wednesday and debate whether to raise interest rates.

-In commodities, oil rose for the first time in four sessions after an industry report pointed to a fifth week of drawdowns in US stockpiles. Brent crude for October traded above $78 a barrel after tumbling by 4.1% over the prior three days.

Tune in to the Marketbuzz Podcast for more cues