1224: Marketbuzz Podcast with Kanishka Sarkar: Market likely to open with minor cuts, banks, auto and telcos in focus

Hello and welcome to CNBC-TV’s Markerbuzz Podcast. Here are all important cues ahead of the trading session of April 2



-Overnight in the US, all three major indexes ended mixed as the benchmark 10-year Treasury yield climbed to 4.319%. Dow Jones Industrial Average lost 0.6%, S&P 500 dipped 0.2% while the tech-heavy Nasdaq Composite rose 0.11%.



-Asia-Pacific markets too were mixed this morning, as investors assessed economic data from South Korea and Australia.



-Factory activity data from India is due later in the day. Manufacturing activity in China and the U.S. expanded in March for the first time in six months and 1-1/2 years, respectively. Markets viewed this as an indicator of rising oil demand.



-Oil prices gained in early Asian trading underpinned by signs of improved demand and escalating Middle East tensions that had sparked a rally in US futures to a five-month high in the previous session. Brent futures for June delivery rose to just under $88 a barrel.



-Nifty 50 hit a new high yesterday, negating any bearish views. However, Nifty's struggles above 22,500 and the broader markets convincingly outperforming continue.



-Experts say that 22,500 remains a key hurdle for the Nifty and only a decisive close above that can trigger the next leg of the rally.



-Foreign investors remained net sellers in the cash market on Monday, while domestic investors continued to remain buyers.



-The Indian market is likely to open with minor cuts with an eye on Bank Nifty, which has in the last six sessions gained over 1,200 points. Banking stocks will be in focus through the week as quarterly business updates are reported along with the RBI policy outcome.



-The Reserve Bank of India (RBI) will conduct auctions for all central government securities through multiple price-based method from this financial year, nearly three years after it changed its methodology.



-Stocks to watch: Vodafone Idea, Bharti Airtel, Reliance, Aditya Birla Fashion, Uno Minda,

Hero MotoCorp, TVS Motor, NMDC, CSB Bank, South Indian Bank, Zomato, Infosys, Maruti Suzuki



Tune in to the Marketbuzz Podcast for more cues