1208: Marketbuzz Podcast with Kanishka Sarkar: Here are 10 key talking points

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important cues ahead of March 6 trading session

- The Gift Nifty indicated a gap down start for the domestic market as of 7:30.

-The last three trading sessions have seen the Nifty continue to trade in a narrow range and remain in consolidation mode. Since the rally on Friday, the index has not exhibited any signs of moving higher towards 22,500 or slipping from their record highs. For now, Nifty seems to be consolidating above 22300.

- NBFCs or non-bank lenders continue to be a key focus. After IIFL Finance, now Reserve Bank of India (RBI) has barred JM Financial Products from financing against shares and debentures. Therefore, NBFCs could continue to be under pressure on sentiment overhang. 

- Both foreign and domestic investors bought in cash. While DIIs bought ₹1,834 crore, FIIs bought ₹574 crore in the cash market. 

-Asia-Pacific markets fell across the board this morning, mirroring a tech slide on Wall Street overnight led by Apple. Apple shares slipped almost 3% in U.S. trading after a report from Counterpoint Research found iPhone sales plunged in China in the first six weeks of 2024. Investors monitored shares of Apple suppliers in Taiwan and South Korea.

-Hong Kong’s Hang Seng index rebounded from Tuesday’s losses to rise 0.26%, while China’s CSI 300 index was down 0.18%. Japan’s Nikkei 225 dipped 0.37%, falling below the 40,000 mark, while the broad-based Topix edged 0.1% higher. 

-U.S. stocks slipped for a second session Tuesday, dragged by steep declines in major tech names such as Apple. The indexes slipped from record high territory. The Nasdaq Composite fell 1.65% as technology stocks fell the most. The Dow Jones Industrial Average lost 1.04% while the S&P 500 fell 1.02%. Meanwhile, the U.S. jobs data is due later this week.

-In cryptocurrencies, bitcoin was slightly up but stayed below a record high reached in a volatile overnight session.

-Oil has fallen nearly 1% to near $82 per barrel whereas Gold has hit fresh highs amid the risk-off environment. 

-Stocks to track: Zomato, JM Financial, Samvardhana Motherson, Havells India, REC Board, Bharti Airtel, Coal India, Wipro, Indiabulls Real Estate, JSW Energy, NHPC and IRCTC.