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ETMarkets Morning Podcast: Your daily digest of market news


Good morning, welcome to ETMarkets Morning Podcast!

The earnings season is here. All eyes will be on the Infosys numbers to be released later today. Trade war and geopolitical tensions are fading. And back home inflation and IIP prints turned out to be favourable. Looks like the bulls have a good day ahead.

Thats where we start the day on Dalal Street, ladies and gentlemen. This is Prachi Sharma, your market jockey, bringing you all the news, views and cues to get you ready for the day ahead.

Singapore Nifty futures logged gains this morning, showing chances that Mumbai will have a green start.

Asian stocks built on this weeks advance after signs that trade tensions are wearing thin boosted risk appetite. Equities from Sydney to Hong Kong advanced though US stock futures slipped. Japan's Nikkei surged 1 per cent, Hong Kongs Hang Seng 0.8 per cent and the Shanghai Composite 0.4 per cent. Australian shares added 0.5 per cent.

US stocks climbed as US President Donald Trumps suggestion that a military strike on Syria may not be imminent. Investors anticipated a strong earnings season too. The Dow Jones rallied 294 points, the S&P500 advanced 0.83 per cent and the Nasdaq 1.01 per cent.

The rupee on Thursday staged a remarkable recovery from its five-month low towards the fag end and closed 5 paise higher at 65.26 against the dollar.

Oil prices held steady on Thursday, remaining close to highs last reached in late 2014 on tensions over Syria and shrinking global oil inventories. Brent crude futures settled at $72.02 a barrel. US WTI crude futures rose to $67.07.

Back on Dalal Street, Infosys will take the front row through the day as it gets ready to unveil March quarter earnings, which will be the first full quarter under the new CEO.

The battle for Fortis Healthcare has intensified. The family offices of Sunil Munjal of Hero Enterprises and the Burmans of the Dabur group submitted a joint bid on the same day that Malaysias IHH Healthcare Bhd unveiled its offer.

Promoter group entities of Dish TV have made an offer to buy an additional 26 per cent stake from public shareholders of the direct-to-home (DTH) player for Rs 3,701 crore.

JSW Steel has strongly refuted ArcelorMittals allegation that its winning bid for Monnet Ispat was a “mockery” as JSW Steel and Monnet Ispat promoters are related.

If you are looking for more stock-specific triggers, there are plenty and over a dozen stock recommendations from top brokerages on www.etmarkets.com.

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Thats it from me for the day. Thank you for listening in. Do enjoy your trading day and make lots of money.

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