1410: Marketbuzz Podcast with Kanishka Sarkar: Muted opening likely, bank stocks in focus, all eyes on US inflation data

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the top developments from around the world ahead of the trading session of January 15

-The Nifty 50 index opened with a gap-up on Tuesday and edged higher during the initial trades. However, pressure on select heavyweight stocks limited the recovery. Eventually, the index closed the day 90 points higher at 23,176. A rebound in global markets and easing domestic CPI inflation provided respite to broader indices.

-Financial heavyweights, along with Adani Group stocks, lifted the Nifty, with Adani Group stocks seeing healthy gains of up to 18%. All Nifty Bank constituents closed in the green. Select PSU banks, including Central Bank of India, UCO Bank, and Indian Overseas Bank, surged following news that the government had approved a ₹10,000 crore fundraising plan for five state-run lenders through the Qualified Institutional Placement (QIP) route.

-Nagaraj Shetti of HDFC Securities said that the near-term trend of Nifty remains weak and he expects this upside bounce could be a sell on rise opportunity around 23350 levels. Immediate support is at 23050 levels.

-The Gift Nifty was trading near the flatline indicating a muted start for the Indian market.

-Stocks to watch: Adani Green, IRFC, SAIL, Vedanta, Sula Vineyards

-Earnings: HDFC Life Insurance, CEAT, Oracle Financial Services Software, L&T Technology Services, Bank Of Maharashtra

-Asian stocks saw small gains while the dollar steadied as traders awaited US inflation data for clues on the path of Federal Reserve policy. The MSCI Asia Pacific Index was up 0.1%, with advances in South Korea and Japan offset by losses in some Chinese shares. US equity futures edged higher. The dollar gauge was little changed after dropping 0.4% in the previous session.

-All eyes are on Wednesday’s consumer price index, which is likely to cause further ripples through global markets after traders pushed back bets on Fed easing following signs of a robust US economy. The muted sentiment is in contrast to optimism that swept across Asia in the previous session, buoyed by a report that Donald Trump’s incoming team is considering gradual tariff hikes.

-In commodities, oil edged higher after dropping by the most in more than a month as the impact of US sanctions against Russian flows continued to reverberate.

Tune in to Marketbuzz Podcast for more cues