1343: Marketbuzz Podcast with Kanishka Sarkar: Market likely to start in green, Vedanta, SpiceJet in focus

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of September 26

-It seems the Nifty 50 is currently in a not-ready-to-go-down mode. The most minor dip gets bought into swiftly and the index continues to scale new peaks. Wednesday's session was no different and 26,032 is now the new record high for the Nifty and it remains to be seen for how long will that stay.

-It was a surge in the index heavyweights in the final few minutes of the trading session that took the Nifty to a new peak. HDFC Bank, Reliance Industries, Axis Bank, ICICI Bank, all of them saw a spurt during the final half hour, propelling the index higher. The monthly expiry of the Nifty Bank also had a role to play.

-Thursday is the monthly expiry of the Nifty and the index has gained over 850 points so far this series. This will be the fourth consecutive F&O Series that the Nifty ends with gains, having gained over 300 points in August as well.

-Gift Nifty was little changed this morning indicating a muted start for the Indian market this morning.

-Stocks to focus: Vedanta, PB Fintech, Five-Star Business Finance, Adani Group, ASK Automotive, SpiceJet, IDFC

-Asian equities rallied this morning as fresh signs of vigor in technology stocks spread across Asia. Currencies pared sharp moves from the prior day that supported the dollar over the yen. Equity benchmarks in the tech-heavy markets of Japan and South Korea advanced.

-Chinese equities fluctuated in opening trade. The Golden Dragon index of US-listed Chinese stocks fell on Wednesday, which may be an early sign of fatigue for the stimulus-driven rally in Chinese stocks this week.

-The Dow Jones and S&P 500 retreated from their respective record highs on Wednesday as some selling pressure emerged at higher levels for the two Wall Street benchmarks. The S&P 500 fell 0.2%, while the Dow Jones shed 0.7% or nearly 300 points during the trading session to end below the mark of 42,000. The Dow also snapped a four-day winning streak in the process. However, the Nasdaq just managed to end above the flat line.

-In commodities, oil was steady after plunging in the previous trading session. West Texas Intermediate, the US oil price, slipped more than 2% on Wednesday to settle below $70 a barrel. Elsewhere, gold traded steady near an all-time high as the weak US data bolstered the case for deeper interest rate cuts.

Tune in to Marketbuzz Podcast for more cues