1150: Marketbuzz Podcast with Vivek Iyer: Sensex, Nifty 50 to open at all-time highs, Paytm, IDFC first Bank in focus

As CNBC-TV18 celebrates 25 years of excellence, Indian markets continue to trade near lifetime highs. Benchmark indices are set to open at fresh record highs for a fourth session in a row on December 7. 

India's GIFT Nifty was down 0.14% from its overnight close at 21,030.50 as of 8:25 a.m. IST, above the Nifty 50's Wednesday's record close of 20,937.70, indicating a positive open.

This comes at a time after US economic data kept intact the expectations of the US Federal Reserve rate cut by March 2024 and as oil prices dropped.

In the overnight session, Wall Street equities extended losses for a third session as the rally faded after posting their best month in 2023 in November, while US Treasury yields fell as data showed a lower-than-expected rise in private payrolls in November.

Oil prices fell to a six-month low of $74.11 per barrel on Wednesday as high US crude output and gasoline inventories added to concerns over global fuel demand

Back home in the Indian market, the stellar rally continued. The Nifty 50 has risen 5.77%, over the last seven sessions and is at record high levels. The index is the most overbought in over two years, boosted by favourable macroeconomic data and liquidity.

Interestingly, fertiliser and sugar stocks were in focus.

Stocks to watch: Paytm, M&M, IDFC First Bank

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