1226: Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty 50 to open in green, Vedanta, Vodafone Idea in focus

Welcome to CNBC-TV18’s Marketbuzz Podcast. Here are all the important cues ahead of the trading session of April 4



-Overnight in the US, the Dow Jones Industrial Average  fell 0.11%, to mark its third straight negative day. The S&P 500 inched higher by 0.11% in its first winning session of the week, and the Nasdaq Composite traded up by 0.23%.



-Federal Reserve Chair Jerome Powell reiterated that recent readings on job gains and higher-than-expected inflation do not materially change the overall picture of economic policy this year. He says it would take a while for policymakers to evaluate the current state of inflation, keeping the timing of potential interest rate cuts uncertain.



-The Asia-Pacific markets this morning rebounded following a sell-off in the previous session, as investors digest comments from the US Fed Chair. Markets in Hong Kong, mainland China and Taiwan are closed for a public holiday.



-There was also action in commodities as gold reached another record, oil a five-month peak and copper a 13-month top, helping lift Asian shares in basic materials and energy companies.



-Back home, there have been intraday recoveries and flat closes for the past two days and the strategy of 'buy the dip' seems to be working well.



-Nifty 50 has been waiting for a decisive break above 22,526. The index has been in snooze mode over the last two sessions after a three-day rally. From the March 20 swing low of 21,710, the Nifty has recovered over 3.5%.



-The Indian market has remained resilient despite adverse global cues. It remains to be seen how long will the resilience last as crude oil prices are knocking on the doors of $90 a barrel, Treasury yields in the US are back above 4.3% and the rally on Wall Street is also showing signs of exhaustion.



-The Gift Nifty suggests a positive start for the domestic benchmarks



- Stocks to track: Avenue Supermarts, Vodafone Idea, L&T Finance, RBL Bank, KEC International, Vedanta, Union Bank of India, GE Power India, GMR Power



Tune in to the Marketbuzz Podcast for more