1236: Marketbuzz Podcast with Kanishka Sarkar: Reliance results today, Wipro, HDFC Bank shares in focus

MarketBuzz

Hello and welcome to CNBC-TV18’s Marketbuzz Podcast. Here are top cues to watch out ahead of the trading session of April 22
-On Friday in the U.S, the Nasdaq Composite and S&P 500 fell for a sixth straight session, notching their longest losing streak since October 2022. In contrast, the Dow Jones Industrial Average rose 0.56%, lifted by a rally of more than 6% in American Express following earnings.
- This morning, Asia-Pacific markets rebounded from Friday’s sell-off as investors look to fresh data points out of China, Japan and South Korea this week.
-On Friday, markets in the region tumbled after Israel launched a strike at Iran, causing stocks to fall and safe-haven assets to climb. However, according to the BBC, Iran's President did not mention the most recent events in his Friday speeches.
-Meanwhile, today, China’s one-year and five-year loan prime rates were left unchanged at 3.45% and 3.95% respectively. The five-year LPR acts as the peg for most property mortgages.
- The Nifty ended 150 points higher on a day the futures were pointing to a 350-points gap down on Friday. It also managed to close above the mark of 22,000.
-Today the market will react to results from HDFC Bank which were reported on Saturday, while on Tuesday, the market will react to the other Nifty heavyweight Reliance Industries, which will report results after market hours on Monday.
-Stocks to track: HDFC Bank, Wipro, Jio Financial Services, Aditya Birla Fashion, IREDA, Hero MotoCorp, Ramkrishna Forgings, Sterling & Wilson Renewables, Persistent Systems, Lupin, UltraTech Cement
Tune in to Marketbuzz Podcast for more cues