1281: Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 likely to start lower, telecom, DRL shares in focus

MarketBuzz

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important updates ahead of the trading session of June 27
-It’s been a superb run for markets this week. With a mix of Reliance Industries, telecom, and banks led gains on June 26, record highs continued in the market. The Nifty 50 is up 10.2% in the past six months.
-Reliance Industries ended at a record high, with a market capitalisation of ₹20.5 lakh crore.
-June 27 will be the monthly expiry for the June F&O series for the Nifty 50 contracts. Until the final day, the Nifty has gained 1,400 points so far in this series, making it the best F&O series in many years.
-This morning, the GIFTNifty was trading lower at discount of nearly 70 pts from Nifty Futures Wednesday's close, indicating a start in the red for the Indian market.
-Stocks to watch: Reliance Industries, Dr. Reddy's Laboratories, PI Industries, CSB Bank, Archean Chemicals, Vodafone Idea, Inox Green Energy, SJVN, KEC International, RVNL, JSW Energy, India Cements
-Shares in Asia fell this morning after US tech companies dropped in late US trading while the yen stabilized after a Wednesday slide that triggered fresh speculation officials will step in to support the currency. Stocks in Japan, Australia and China all declined, putting the MSCI Asia Pacific equity gauge on course for its first loss in three days.
-Overnight in the US, the Dow Jones Industrial Average added 0.04%, while the S&P 500
rose 0.16% and the Nasdaq Composite gained 0.49%. The Nasdaq’s climb was led by Amazon shares, which recorded a 3.9% jump. The stock hit an all-time high and reached $2 trillion in market value for the first time on Wednesday, joining Nvidia, Apple, Alphabet and Microsoft.
-In commodities, gold mostly held Wednesday’s decline where it fell to the lowest level in around three weeks.
-SEBI Board meet today. Chief Madhabi Puri Buch will address the media at 6 pm. SEBI is likely to tighten rules for stocks to be eligible for derivatives trading and ask brokers and mutual funds to stop enlisting unregistered financial influencers for their marketing campaigns. The board will also consider changes to delisting rules to make it easier for companies to exit from stock exchanges.
-For all cricket fans, don’t forget to wrap up work quickly today to enjoy the India vs England match at 8pm.
Tune in to Marketbuzz Podcast for more news and cues