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This episode we continue to follow the monk Xuanzang on his path along the silk road.  From Gaochang, he traveled through the Tarim Basin, up over the Tianshan Mountains, to the heart of the Western Gokturk Qaghanate.  From there, he traveled south, through the region of Transoxania to Bactria and the land of Tukhara.  He pushed on into the Hindu Kush, witnessing the stone Buddha statues of Bamiyan, and eventually made his way to the land of Kapisa, near modern Kabul, Afghanistan.  From there he would prepare to enter the Indian subcontinent: the home of the historical Buddha. For more discussion and some photos of the areas along this journey, check out our podcast blog at https://sengokudaimyo.com/podcast/episode-121   Rough Transcript Welcome to Sengoku Daimyo's Chronicles of Japan.  My name is Joshua, and this is Episode 121: Journey to the West, Part 2   The cold winds blew through the travelers' doubled up clothing and thick furs.  Cold, wet ground meant that even two sets of boots were not necessarily enough after several days.  The frozen mist would often obscure everything except for the path immediately in front, hiding the peaks and making the sky a uniform white. In many places, the path would be blocked by rock, ice, or snow—the remnants of an avalanche, which could easily take an unsuspecting traveler.  And there was the elevation.  Hiking through the mountains, it was easy enough to reach heights of a mile or higher, and for those not accustomed to that elevation the thin air could take a surprising toll, especially if you were pushing yourself.  And the road was no less kind to the animals that would be hauling said travelers and their gear. And yet, this was the path that Xuanzang had agreed to.  He would continue to push through, despite the various deprivations that he would be subjected to.  No doubt he often wondered if it was worth it.  Then again, returning was just as dangerous a trip, so why not push on?   Last episode we introduced the monk Xuanzang, who traveled the Silk Road to India in the 7th century and returned to China.  He brought back numerous sutras to translate, and ended up founding a new school, known as the Faxian school—or the Hossou school in Japan.   As we mentioned last time, Xuanzang during his lifetime met with students from the archipelago when they visited the continent.  The records of his travels—including his biography and travelogue—are some of the best information we have on what life was like on the silk road around this time. In the last episode, we talked about Xuanzang: how he set out on his travels, his illegal departure from the Tang empire, and his perilous journey across the desert, ending up in Gaochang.  There, King Qu Wentai had tried to get him to stay, but he was determined to head out.  This episode we are going to cover his trip to Agni, Kucha, and Baluka—modern Aksu—and up to the Western Gokturk Qaghanate's capital of Suyab.  From there, we'll follow his footsteps through the Turkic controlled regions of Transoxania and into Tukhara, in modern Afghanistan.  Finally, we'll cover the last parts of his journey before he reached the start of his goal:  India. From Gaochang, Xuanzang continued on, through the towns he names as Wuban and Dujin, and into the country of Agni—known today as the area of Yanqi—which may also have been known as Wuqi.  The route was well-enough known, but it wasn't necessarily safe.  At one point, Xuanzang's caravan met with bandits, whom they were fortunately able to pay off.  The following night they encamped on a river bank with some merchants who also happened to be traveling the road.  The merchants, though, got up at midnight and headed out, hoping to get to the city early so that they could be the first ones to the market.  They only made it a few miles down the road, however, before they encountered more bandits, who slaughtered them and took their goods.  The following day, Xuanzang and his retinue came upon the merchants' remains lying in the road and saw the aftermath of the massacre. This was an unforgiving land, and the road was truly dangerous, even for those who traveled it regularly.  And yet Xuanzang was planning to travel its entire length until he reached India. So with little alternative, they carried on to the royal city of Agni. Agni, or Yanqi, sits on the southwestern edge of the basin, west of Bositeng lake, on the border between the Turfan basin and the larger Tarim Basin.  The name is thought to be a Tocharian—or Turfanian—name for the city, which is also known as Karashr. According to the biography by Huili, Xuanzang and his party didn't stay long in Agni.  Apparently Agni and Gaochang were not exactly on friendly terms, and even though the King of Agni and his ministers reportedly came out to greet Xuanzang and welcome him to their city, they refused to provide any horses.  They spent a single night and moved on. That said, Agni still made an impression on Xuanzang.  He noted how the capital was surrounded by hills on four sides, making it naturally defensible.  As for the people, he praises them as honest and straightforward.  They wore clothing of felt and hemp cloth, and cut their hair short, without hats or any kind of headwear.  Even the climate was pleasant, at least for the short time he was there.  He also notes that they used a script based on India—likely referring to the Brahmic script, which we find in the Tarim basin. However, as for the local lord, the King of Agni, he is a little less charitable.  Xuanzang claimed he was brave but “lacked resourcefulness” and he was a bit of a braggart.  Furthermore, the country had “no guiding principles or discipline and government orders are imperfect and not seriously implemented.”  He also mentioned the state of Buddhism in the country, noting that they were followers of Sarvastivada school, a Theravada sect popular along the Silk Road at the time.  Xuanzang was apparently not too pleased with the fact that they were not strict vegetarians, including the “three kinds of pure meat”.  From Agni, Xuanzang continued southwest, heading for the kingdom of Kucha.  He seems to have bypassed the nearby kingdom of Korla, south of Agni, and headed some 60 or 70 miles, climbing over a ridge and crossing two large rivers, and then proceeding another 200 miles or so to the land of Kucha. Kucha was a kingdom with over one hundred monasteries and five thousand monks following a form of Theravada Buddhism.  Here, Xuanzang was welcomed in by the king, Suvarnadeva, described as having red hair and blue eyes.  While Xuanzang was staying in Kucha, it is suspected that he probably visited the nearby Kizil grotto and the Buddhist caves, there, which include a painting of King Suvarnadeva's father, King Suvarnapuspa, and his three sons. You can still visit Kucha and the Kizil grottos today, although getting there is quite a trek, to be sure.  The ancient Kuchean capital is mostly ruins, but in the Kizil caves, protected from the outside elements, you can find vivid paintings ranging from roughly the 4th to the 8th century, when the site was abandoned.  Hundreds of caves were painted, and many still demonstrate vibrant colors.  The arid conditions protect them from mold and mildew, while the cave itself reduces the natural bleaching effect of sunlight.  The paintings are in numerous styles, and were commissioned by various individuals and groups over the years.  They also give us some inkling of how vibrant the city and similar structures must have been, back when the Kuchean kingdom was in its heyday. The people of Kucha are still something of a mystery.  We know that at least some of them spoke an Indo-European language, related to a language found in Agni, and both of these languages are often called Tocharian, which we discussed last episode.  Xuanzang himself noted that they used Indian writing, possibly referring to the Brahmi script, or perhaps the fact that they seem to have used Sanskrit for official purposes, such as the inscription on the cave painting at Kizil giving the name of King Suvarnapuspa.  The Kucheans also were clothed in ornamental garments of silk and embroidery.  They kept their hair cut, wearing a flowing covering over their heads—and we see some of that in the paintings. Xuanzang also notes that though we may think of this area as a desert, it was a place where rice and grains, as well as fruit like grapes, pomegranates, plums, pears, peaches, and almonds were grown.  Even today, modern Xinjiang grows some absolutely fantastic fruit, including grapes, which are often dried into raisins. Another point of interest for Xuanzang may have been that Kucha is known as the hometown of none other than Kumarajiva.  We first mentioned Kumarajiva back in episode 84.  Kumarajiva was one of the first people we know of who translated many of the sutras from India that were then more widely disseminated throughout the Yellow River and Yangzi river basins.  His father was from India and his mother was a Kuchean princess.  In the middle of the 4th century, when he was still quite young, he traveled to India and back with his mother on a Buddhist pilgrimage.  Later he would start a massive translation project in Chang'an.  His translations are credited with revolutionizing Chinese Buddhism. Xuanzang was initially welcomed by the king, his ministers, and the revered monk, Moksagupta.  They were accompanied by several thousand monks who set up tents outside the eastern gate, with portable Buddha images, which they worshipped, and then Xuanzang was taken to monastery after monastery until sunset.  At one of the monasteries, in the southeast of the city, there were several tens of monks who originally came from Gaochang, and since Xuanzang had come from there, they invited him to stay with them. The next day he met and feasted with the King, politely declining any meat, and then went to the monastery in the northwest to meet with the famous monk: Moksagupta.  Moksagupta himself had made the journey to India, and had spent 20 years there himself.  It seems like this would have been the perfect person for Xuanzang to talk to about his plans, but instead, the two butted heads.  Moksagupta seems to have seen Xuanzang's Mahayana faith as heretical.  He saw no reason for Xuanzang to travel all the way to India when he had all the sutras that anyone needed there in Kucha, along with Moksagupta himself.   Xuanzang's response seems to have been the Tang dynasty Buddhist version of “Okay, Boomer”, and then he went ahead and tore apart Moksagupta's understanding of his own sutras—or so Xuanzang relayed to his biographers.  We don't exactly have Moksagupta's side, and, let's face it, Xuanzang and his biographers are not necessarily reliable narrators.  After all, they followed Mahayana teachings, which they considered the “Greater Vehicle”, and they referred to the Theravada teachings as the “Hinayana” or “Lesser Vehicle”.  Meanwhile, Theravada Buddhists likely saw many of the Mahayana texts as extraneous, even heretical, not believing them to actually be the teachings of the Buddha. It must have been winter time, as the passes through the mountains on the road ahead were still closed, and so Xuanzang stayed in Kucha, spending his time sightseeing and meeting with various people.  He even went back to see Moksagupta, but the older monk shunned him, and would get up and exit the room rather than engaging with him, so they had no more conversations. Eventually, Xuanzang continued on his way west, following along the northern rim of the Tarim basin.  Two days out from Kucha, disaster struck.  Some two thousand or so Turkish bandits suddenly appeared—I doubt Xuanzang was counting, so it may have been more or less.  I imagine that memories of what had happened to the merchants near Agni must have gone through Xuanzang's mind.   Fortunately, for him, they were fighting over loot that they had pillaged from various travelers, and since they couldn't share it equally, they fell to fighting each other and eventually dispersed. He travelled for almost 200 miles after that, stopping only for a night at the Kingdom of Baluka, aka Gumo—the modern city of Aksu.  This was another Theravada Buddhist kingdom.  Xuanzang noted tens of Buddhist temples, and over 1000 Buddhist monks.  The country was not large—about 200 miles east to west and 100 miles north to south.  For reference that means it was probably comparable in size with Kyushu, in terms of overall area, or maybe the size of Denmark—excluding Greenland—or maybe the US state of Maryland.  Xuanzang described the country as similar to Kucha in just about every way, including the written language and law, but the spoken language was different, though we don't get many more details. From Baluka, he crossed northward through the Tianshan mountains, which are classified as an extension of the Pamirs known as the Ice Mountains.  Had he continued southwest, he would have hit Kashgar and crossed over between the Pamir and Tian Shan ranges into the Ferghana valley, but instead he turned north. We don't know exactly why he took this perilous option, but the route that may have been popular at the time as it was one of the most direct routes to the seat of the Western Gokturk Empire, which he was currently traveling through. The Tian Shan mountains were a dangerous journey.  Avalanches could block the road—or worse.  Xuanzang describes the permanent ice fields—indeed, it is the ice fields and glaciers of the Tian Shan that melt in the summer and provide the oasis towns of the Tarim Basin with water, even to this day.  In Xuanzang's day, those glaciers were likely even more prevalent than today, especially as they have been recorded as rapidly disappearing since 1961.  And where you weren't on snow and ice, the ground was probably wet and damp from the melt.  To keep warm, you would wear shoes over your shoes, along with heavy fur coats, all designed to reduce exposure. Xuanzang claims that 3 or 4 of every 10 people didn't survive the crossing—and that horses and oxen fared even worse.  Even if these numbers are an exaggeration, the message is clear:  This was a dangerous journey. After about seven days, Xuanzang came out of the mountains to the “Great Pure Lake”, the “Da Qing Hai”, also known as the Hot Sea or the Salt Sea, which likely refers to Issyk Kul.  The salt content, along with the great volume of water it possesses, means that the lake rarely freezes over, which is likely why it is seen as “hot” since it doesn't freeze when the fresh water nearby does.  This lake is the second largest mountain lake in the world, and the second deepest saltwater lake.  Traveling past the lake, he continued to Suyab, near modern Tokmok, in Kyrgyzstan, just west of the modern capital of Bishkek.  This was an old Sogdian settlement, and had since become the capital of the Western Gokturks.  Sogdians—like Xuanzang's guide, Vandak—were integral to the Gokturk kingdom. Their language was the lingua franca of the Silk Road, and at the time of the Gokturk Khaganate, it was also the official court language, and so when Xuanzang appeared at the court of the Great Khagan of the Western Gokturks, it was likely the language of diplomacy. When we think of Turkic people, many in the English speaking world think of Turkiye, and perhaps of the mighty Ottoman empire.  Some may think of Turkmenistan, Kazhakstan, Kyrgyzstan, or Uzbekistan, among others.  And of course, there are the Uyghur people in Xinjiang.  All of these people claim roots in the ancestral Turkic homeland in the Altai mountains, which sit largely in western Mongolia, north of China's Xinjiang region.  Much like the Xiongnu and the Mongols, they were pastoral nomads, moving their herds across the steppes, often covering great distances.  They would regularly move through different regions, perhaps returning each season, though sometimes not returning for years at a time.  They were often seen as barbarians by settled people living in cities, and yet their goods and horses were highly prized. Nomad and sedentary lifestyles would often collide.  Farmers would turn pastureland into fields, and when the nomadic people returned on their circuits, they would find walls and fences where there was once open land, and the people there would claim to “own” the land, a concept often foreign to people who were always on the move.  Nomadic people, such as the Gokturks, were not necessarily keeping vast libraries of records about themselves and their histories, and so much of what we get comes from external sources, which do not always have incredibly reliable narrators.  To many of the settled agriculturalists, groups like the Turks were marauders who raided their villages and farms.  They were a great bogeyman of the steppes, which required the firm hand of strong defenses to keep out—or so their opponents would want people to think. While they were known for their warfare, which incorporated their mobility, but they were keenly interested in trade, as well.  They understood the value of the trade routes and the various cities and states that they included in their empire.  Thus, the Sogdians and the Gokturks seem a natural fit: the Sogdians were more settled, but not entirely so, as demonstrated by their vast trade networks.  And the Sogdians also were part of the greater central Eurasian steppe culture, so the two cultures understood each other, to a degree.  They are even depicted similarly in art, with slight differences, such as long hair that was often associated with Turks over the Sogdians.  In some areas of the Gokturk empire, Sogdians would run the cities, while the Gokturks provided military aid and protection. Xuanzang's description of the people of Suyab, or the “City of Suye River”, doesn't pick out anyone in particular, and he even says that it was a place where traders of the Hu, or foreign, tribes from different countries mingle their abodes.  He mentions the people here as being called Suli, which is also the name given to the language—this may refer to “Sogdian” in general.  They write with an alphabet that is written vertically rather than horizontally—this may refer to a few scripts that were written this way, possibly based off Syriac or Aramaic alphabets that were adapted to Sogdian and other Iranian languages, but it isn't clear. We are told that the people dressed in felt and hemp clothing, with fur and “cotton” garments.  Their clothes fit tightly, and they kept their hair cut short, exposing the top of their heads—though sometimes they shaved it completely, tying a colored silk band around the forehead. He goes on to describe these people as greedy liars, possibly a reference to the mercantile nature of many of the people at the time. Something to note: The Turks of this time had not yet encountered Islam, which was just now starting to rise up in the Middle East.  The Prophet Muhammad is said to have been born around the end of the 6th century CE and was preaching in the early 7th century, though his teachings would begin to spread outward soon enough.  But that means that the Gokturks were not an Islamic empire.  Rather, their own traditions seem to have focused on the worship of Tengri, an Altaic personification of the universe, often simplified as a “sky god”.  Tengrism can be found amongst the Xiongnu, Mongols, and others, and it was the national religion of the Gokturks themselves, but there were many who also adopted other religions that they encountered, including Zoroastrianism, Christianity, Manichaeism, and Buddhism.  In fact, Xuanzang notes that the Turks he met in Suyab would not sleep or sit on beds made of wood because wood was thought to contain the spirit of fire, which he says they worshipped.  That sounds similar to Zoroastrian beliefs, where fire is associated with Ahura Mazda, who is also worshipped as a sky god.  These may have been beliefs inherited from their Eastern Iranian Sogdian partners. In Xuanzang's biography, we are given more details about his visit to Suyab.  Apparently, as he was headed to the city, he met a hunting party, which we are told was the retinue of Yehu Khan.  Hunting was an important part of life on the steppes, and it continued to be a favorite sport of the Gokturk nobility. Yehu Khan—possibly Yagbhu Khan, though that is up for some debate—is described as being dressed in a green silk robe, with his hair exposed, and wearing  a turban of white silk about ten feet long that wrapped his forehead and hung behind his back.  His “hunting” expedition wasn't just a couple of the guys.  It included about 200 officials, all with plaited hair and dressed in brocade robes—they weren't exactly out there roughing it.  He also had his soldiers, dressed in furs, felt, or fine woolen clothes, and there were so many cavalry that they stretched out of sight.  The Khan seemed pleased to meet Xuanzang, but his hunt was expected to last another couple of days, at least, so he sent an attendant named Dharmaja to take Xuanzang back to wait for the Khan to return. Three days later, Xuanzang was given an audience.  The khan was seated in a large yurt.  Xuanzang noted the seeming incongruity between the khan, sitting there in the tent, decorated with golden flowers, with the officials dressed in magnificent brocade garments sitting in two long rows in front of him and the armed guards behind him, compared to the simple felt walls of the tent. A ”yurt” is a common feature of nomadic life on the steppes.  It wasn't exactly a single person operation to haul them around, but they can be taken down and put up with relative ease.  And while yurts could be relatively simple, there are examples of much more elaborate structures.  There is little reason they couldn't be made larger, perhaps with some extra support.  In later centuries, there are examples of giant yurts that seem like real construction projects.  Use of tents, even in a city, where they had permanent palace buildings, was likely a means of retaining the nomadic steppe traditions, even while enjoying the benefits of city life. Whom exactly Xuanzang met with is a matter of debate.  His records seem to indicate that it was Tong Yabghu Qaghan of the Western Gokturk Khaganate, but other sources say that Tong Yabghu Qaghan died in 628, and the earliest Xuanzang could have been meeting with him was 630, two years later, so if that is the case, he must have met with Tong Yabghu's son, Si Yabghu Qaghan.  It is likely that Xuanzang, who was dictating his accounts years after, mentioned the Qaghan and then, when they looked up who it was, they simply made a mistake.  Remember, Xuanzang would have had everything translated through one or two languages.  He did know what he saw, however, and he recounted what he remembered. Tong Yabghu Qaghan oversaw the height of the Gokturk Qaghanate, and appears to have favored the Buddhist religion, though there were many different religions active in their territories at the time.  They oversaw an extremely cosmopolitan empire covering huge swaths of central Eurasia, including the lucrative silk road.  Xuanzang notes that at the court there were individuals from Gaochang and even a messenger from the Han—which is to say the Tang Empire.  One wonders if Xuanzang—or anyone at that time—realized just how tenuous the Khan'sposition was.  After Tong Yabghu's death, the Qaghanate would decline, and less than a decade later it would fall to the Tang dynasty, who took Suyab and made it their western outpost.  In fact, Suyab is thought to have been the birthplace, over a century later, of a young boy who would find a love of poetry.  That boy's name was Li Bai, or Ri Haku, in Japanese. He would become one of the most famous poets in Chinese history, and his poems were even known and studied in Japan.  And it was largely through Japanese study of Li Bai's poems that his works came to the English speaking world: first through Ernest Fenollosa, who had studied in Japan, and then by the celebrated Ezra Pound, who had used Ernest's notes to help with his own translations of the poems. This was, though, as I said, over a century after Xuanzang's journey.  At the time of our story, the Qaghan was throwing a feast, including Xuanzang and all of the foreign envoys.  Xuanzang comments on the food and drink—his hosts provided grape juice in lieu of wine, and cooked a special vegetarian feast just for him, while the other guests ate a feast of meat, such as veal, lamb, fish, and the like.  There was also the music of various regions along the Silk Road, which Xuanzang found to be catchy, but of course not as refined as the music he was used to, of course.  After dinner Xuanzang was asked to expound upon the Darma, largely about the basic principle that you should be kind to one another—I doubt he was getting into the deep mysteries of Buddhist philosophy. Xuanzang stuck around the court for three more days, during which time the Qaghan tried to get him to stay, but Xuanzang insisted that he had to make it to India.  And so the Qaghan relented.  He found men in his army who could translate for Xuanzang along his journey, and had letters of introduction written to at least as far as the state of Kapisa, in modern Afghanistan. And so, armed with the Qaghan's blessing and a fresh translator, Xuanzang struck out again.  They headed westward for over one hundred miles, eventually reaching Bingyul, aka the Thousand Springs.  This is the area where the Qaghan and his court would spend his summers, and the deer in the area were protected under his orders, so that they were not afraid of humans—which sounds similar to the situation with the deer in Nara.  Continuing on another fifty miles or so—the distances are approximate as Xuanzang's primary duty was not exactly to map all of this out—Xuanzang arrived at the city of Taras, in modern Kazakhstan, another place where the cultures of the Silk Road mixed and mingled.  Xuanzang didn't have much to say about Taraz, apparently, though it is one of the oldest cities in Transoxania, founded near the beginning of the Common Era.  A few miles south of there, Xuanzang reportedly found a village of re-settled ethnic Han that had been captured by the Gokturks and settled here.  They had adopted the dress and customs of the Turkic people, but continued to speak a version of Chinese. Southwest of that he reached the City of White Water, likely referring to Aksukent.  This is the same “Aksu” as the city in Xinjiang, both of which mean “White Water” in Turkic, but this one is in the south of Kazakhstan.  Xuanzang found the climate and products an improvement over what he had experienced in Taras.  Beyond that, he next arrived at the city of Gongyu, and then south again to Nujkend, and then traveling westward to the country of Chach, aka Tashkent.  Both Nujkend and Chach were large cities in nations of smaller, mostly autonomous city-states, which made up a lot of the political geography of Transoxania. I would note that Xuanzang's notes here are much more sparse than previously.  This may be because these were outside of the Tarim basin and therefore of less interest to individuals in the Tang empire.  Or perhaps he was just making his way more quickly and not stopping at every kingdom along the way. From Tashkent, he continued southeast to the Ferghana valley—the country of Feihan.  Oddly, this country doesn't appear in Xuanzang's biography, even though the Ferghana Valley seems to have been fairly well known back in the Tang Empire—it was known as the home of some of the best horses, which were one of its first major exports.  In fact, the Han dynasty even mounted a military expedition to travel to Ferghana just to obtain horses.  Xuanzang is oddly silent on this; however, he does talk about the fertile nature of the land.  He mentions that their language here is different from the lands he had been traveling through up to this point, and also points out that the people of the Ferghana valley were also visibly different from others in the area. From the Ferghana valley, Xuanzang headed west for about 300 miles or more to the land of Sutrushana—perhaps referring to the area of Ushrusana, with its capital of Bunjikat.  This country was also largely Sogdian, and described as similar to Tashkent.  From there, he traveled west through a great desert, passing skeletons, which were the only marker of the trail other than a view of the far off mountains.  Finally, they reached Samarkand, known as the country of “Kang” in Chinese, which was also the term used to mark Sogdians who claimed descent from the people of Samarkand. Samarkand is another of the ancient cities of Central Asia, and even today is the third largest city in modern Uzbekistan.  Human activity in the region goes back to the paleolithic era, and the city was probably founded between the 8th and 7th centuries BCE.  Samarkand was conquered by Alexander the Great, and during the Achaemenid Empire it was the capital of Sogdiana.  During Xuanzang's visit, Samarkand was described as an impenetrable fortress with a large population. For all of his travel, Samarkand was the first place Xuanzang notes as specifically not a Buddhist land.  In fact, there were two monasteries, suggesting that there had been Buddhists, but if any monks tried to stay there then the locals would chase them out with fire.  Instead, they worshipped fire—likely meaning Ahura Mazda and Zoroastrianism.  This leads to a story that I have to wonder about, given the reliability of our narrators. It is said that Xuanzang was met by the King with arrogance, but after staying the night Xuanzang was able to tell the King about Buddhism and its merits.  The king was intrigued, and asked to observe the Precepts, and treated Xuanzang with hospitality and respect.  So when two of Xuanzang's attendants went to the monasteries to worship, they were chased out with fire.  When the king heard about this, he had the people arrested and ordered their hands to be cut off.  Xuanzang could not bear to witness such suffering, however, and he intervened to have them spared.  So instead the king had them flogged and banished from the city.  Ever since then, all the people believed in Buddhism. Some parts of this strike true.  It was likely that the king would entertain this strange wanderer who had arrived with letters from the great Qaghan—that may have even explained why Xuanzang had been encouraged to make the dangerous journey to Suyab in the first place, so that he could obtain such permission.  And it would not be strange for the king to listen to his teachings.  If Xuanzang's attendants were attacked, that would have been a huge breach of hospitality, and however the King felt about it, he no doubt had to do something about it.  And so all of that sounds somewhat believable.  Does that mean everyone suddenly converted to Buddhism?  I don't know that I'm quite willing to go that far.  It is also likely that there were Buddhists there already, even if the majority religion was Zoroastrianism. From Samarkand, Xuanzang traveled farther southwest, to the country of Kasanna, which seems to have been the edge of what we might call Sogdiana.   According to his biographers, however, there was a little more to all of this.  Rather, he headed west to Kusanika.  Then he traveled to  Khargan, and further on to the country of Bukhara, and then to Vadi.  All of these were “An” in Chinese, which was the name element used for Sogdians from this region.  He then continued west to the country of Horismika, on the other side of the Amu Darya, aka the Oxus River of Transoxanian fame. From there he traveled further southwest, entering into the mountains.  The path here was often such that they had to travel single-file, and there was no food or water other than what you brought with you.  Eventually they came to a set of doors, known as the Iron Gate.  This was a Turkic fortress.  It was no doubt fortuitous that he had come from his meeting with the Qaghan, and likely had permission to pass through.  From there, they entered the country of Tukhara. As we noted in Episode 119, Tukhara was in the region of Bactria.  It was bordered by the Pamir range in the east, and the Persian empire in the west.  There were also the Great Snow Mountains in the south, likely referencing the Hindu Kush. Tukhara had been conquered by the Gokturks just within the past couple of decades, and Xuanzang notes that the country had been split into largely autonomous city-states as the local royalty had died without an heir many years before.  With the Gokturk conquest, it was now administered by Tardu Shad, the son of Tong Yabghu Qaghan.  “Shad” in this case was a local title. Here, Xuanzang's narrative gets a little dicey, especially between his biography and his records.  The records of the Western Regions denotes various countries in this area.  It is unclear if he traveled to all of them or is just recounting them from records he obtained.  He does give us at least an overview of the people and the region.  I would also note that this is one of the regions he visited, again, on his return trip, and so may have been more familiar with the region than those areas he had passed through from Suyab on down. For one thing, he notes that the language of the region was different from that of the “Suli”, which appears to refer to the Sogdians.  This was the old territory of the Kushan empire, and they largely spoke Bactrian.  Like Sogdian, it was another Eastern Iranian language, and they used an alphabet based largely on Greek, and written horizontally rather than vertically.  They also had their own coins. This region had plenty of Buddhist communities, and Xuanzang describes the cities and how many monasteries they had, though, again, it isn't clear if he actually visited all of them or not.  These are countries that Li Rongji translates as “Tirmidh”, “Sahaaniyan”, “Kharuun”, “Shuumaan”, etc. It does seem that Xuanzang made it to the capital city, the modern city Kunduz, Afghanistan. Xuanzang actually had something specific for the local Gokturk ruler, Tardu Shad.  Tardu Shad's wife was the younger sister of King Qu Wentai of Gaochang, whom we met last episode.  Qu Wentai had provided Xuanzang a letter for his younger sister and her husband.  Unfortunately, Xuanzang arrived to learn that the princess of Gaochang had passed away, and Tardu Shad's health was failing.  It does seem that Tardu Shad was aware of Xuanzang, however—a letter had already come from Qu Wentai to let them know that Xuanzang was on his way.  As I mentioned last episode, letters were an important part of how communities stayed tied together.  Of course, given the perils of the road, one assumes that multiple letters likely had to be sent just in case they didn't make it.  The US Postal Service this was not. Tardu Shad, though not feeling well, granted an interview with Xuanzang.  He suggested that Xuanzang should stick around.  Then, once the Shad had recovered from his illness, he would accompany Xuanzang personally on his trip to India.  Unfortunately, that was not to be.  While Xuanzang was staying there, he was witness to deadly drama.  Tardu Shad was recovering, which was attributed to the recitations by an Indian monk who was also there.  This outcome was not exactly what some in the court had wanted.  One of the Shad's own sons, known as the Tagin prince, plotted with the Shad's current wife, the young Khatun, and she poisoned her husband.  With the Shad dead, the throne might have gone to the son of the Gaochang princess, but he was still too young.  As such, the Tagin Prince was able to usurp the throne himself, and he married his stepmother, the young Khatun.  The funeral services for the late Tardu Shad meant that Xuanzang was obliged to stay at Ghor for over a month. During that time, Xuanzang had a seemingly pleasant interaction with an Indian monk.  And when he finally got ready to go, he asked the new Shad for a guide and horses.  He agreed, but also made the suggestion that Xuanzang should then head to Balkh.  This may have meant a bit of backtracking, but the Shad suggested that it would be worth it, as Balkh had a flourishing Buddhist community. Fortunately, there was a group of Buddhist monks from Balkh who happened to be in Kunduz to express their condolences at the passing of Tardu Shad, and they agreed to accompany Xuanzang back to their hometown, lest he end up getting lost and taking the long way there. The city of Balkh is also known as “Baktra”, as in “Bactria”, another name of this region.  A settlement has been there since at least 500 BCE , and it was already an important city when it was captured by Alexander the Great.  It sits at the confluence of several major trade routes, which no doubt were a big part of its success.  Xuanzang's biography notes that it was a massive city, though it was relatively sparsely populated—probably due to the relatively recent conquest by the Gokturks, which had occurred in the last couple of decades.  That said, there were still thousands of monks residing at a hundred monasteries in and around the city.  They are all characterized as monks of Theravada schools.  Southwest of the city was a monastery known as Navasamgharama, aka Nava Vihara, or “New Monastery”.  Despite its name, the monastery may have actually been much older, going back to the Kushan emperor Kaniska, in the 2nd century CE.  Ruins identified as this “New Monastery” are still visible south of Balkh, today. The monastery is described as being beautifully decorated, and it seems that it had a relic—one of the Buddha's teeth.  There are also various utensils that the Buddha is said to have used, as well.  The objects would be displayed on festival days.  North of the monastery there was a stupa more than 200 feet in height.  South of the monastery was a hermitage.  Each monk who studied there and passed away would have a stupa erected for them, as well.  Xuanzang notes that there were at around 700 memorial stupas, such that they had to be crammed together, base to base. It was here that Xuanzang met a young monk named Prajnaakara, who was already somewhat famous in India, and well-studied.  When questioned about certain aspects of Buddhism, Xuanzang was impressed by the monk's answers, and so stayed there a month studying with the young monk. Eventually, Xuanzang was ready to continue on his journey.  He departed Balkh towards the south, accompanying the teacher Prajnakara, and together they entered the Great Snow Mountains, aka the Hindu Kush.  This path was even more dangerous than the trip through the Tian Shan mountains to Suyab.   They eventually left the territory of Tukhara and arrived at Bamiyan.  Bamiyan was a kingdom in the Hindu Kush, themselves an extension of the Himalayan Mountain range.  It Is largely based around valley, home to the modern city of Bamyan, Afghanistan, which sits along the divide between Central Asia and the Indian subcontinent.  Today it is a major center for individuals of the Hazara ethnic group, one of the main ethnic groups in Afghanistan, which is a multi-ethnic state that includes, today, the Pashtun, Hazara, Tajik, and Uzbek people, along with a number of smaller ethnic groups.  Today they largely reside in the mountainous areas of the Hindu Kush. Bamiyan made an impact on our protagonist.   Their language was slightly different from that in Tukhara, but using the same—or similar enough—writing system.  Buddhism was thriving in the capital, and we are told of a rock statue of the standing Buddha, over a hundred feet in height, along with a copper statue of the standing Buddha nearby.    There was also another reclining Buddha a mile or two down the road.  There were multiple monasteries with thousands of monks, and the ruler of that kingdom received Xuanzang well. Xuanzang wasn't the first monk to travel to Bamiyan from the Middle Kingdom—in this he was, perhaps unwittingly, on the trail of the monk Faxian.  Faxian likely did not see these statues, though, as we believe they were built in the 6th and early 7th century—at least the stone Buddha statues.  They were a famous worship site until February 2001, when the Taliban gave an order to destroy all of the statues in Afghanistan.  Despite this, they were inscribed as UNESCO World Heritage Site in 2003. Fortunately, we have images from before their destruction.  These statues were a blend of Greco-Buddhist and Gandharan art styles—appropriate as it stands between the Hellenistic area of Tukhara and the ancient region of Gandhara—including the modern city of Kandahar and into the Indus Valley region of Pakistan. Continuing east through the mountains, Xuanzang eventually came out at the kingdom of Kapisa.  This may have had its capital around modern-day Bagram, north of modern Kabul, but the country seems to have been quite large.  Kapisa over saw some tens of other countries, and it is thought that at one time its influence extended from Bamyan and Kandahar to the area of modern Jalalabad.  Their language was even more different than that of Tukhara, but they were still using the same writing system.  The king of Kapisa is said to have been of Suli ethnicity—which would seem to indicate that he was Sogdian, or at least descended from people of the Transoxanian region.    Xuanzang notes that the ruler, as rough and fiery as he is described—as a true warlord or similar—he nonetheless made a silver image of the Buddha, eighteen feet in height, every year.  He also gave charity to the poor and needy in an assembly that was called every five years.  There were over one hundred monasteries and some 6000 monks, per Xuanzang's recollection, and notably, they were largely following Mahayana teachings. For the most part the monks that Xuanzang had encountered on this journey were Theravada—Xuanzang refers to them as “Hinayana”, referring to the “Lesser Vehicle” in contrast to Xuanzang's own “Mahayana”, or “Greater Vehicle”.  “Theravada” refers to the “way of the elders” and while Mahayana Buddhism largely accepts the sutras of Theravada Buddhism, there are many Mahayana texts that Theravada Buddhists do not believe are canonical.  We discussed this back in Episode 84. There was apparently a story of another individual from the Yellow River being sent as a hostage to Kapisa when it was part of the Kushan Empire, under Kanishka or similar.  Xuanzang recounts various places that the hostage, described as a prince, lived or visited while in the region.  Xuanzang's arrival likely stirred the imagination of people who likely knew that the Tang were out there, but it was such a seemingly impossible distance for most people.  And yet here was someone who had traveled across all of that distance.  One of the monasteries that claimed to have been founded because of that ancient Han prince invited Xuanzang to stay with them.  Although it was a Theravada monastery, Xuanzang took them up on the offer, both because of the connection to someone who may have been his countryman, but also because of his traveling companion, Prajnakara, who was also a Theravada monk, and may not be comfortable staying at a Mahayana monastery. Xuanzang spends a good deal of ink on the stories of how various monasteries and other sites were founded in Kapisa and the surrounding areas.  He must have spent some time there to accumulate all of this information.  It is also one of the places where he seems to have hit at least twice—once on the way to India, and once during his return journey. The King of Kapisa is said to have been a devotee of Mahayana Buddhism.  He invited Xuanzang and Prajnakara to come to a Mahayana monastery to hold a Dharma gathering.  There they met with several leading figures in the monastery, and they discussed different theories.  This gathering lasted five days, and at the end, the king offered Xuanzang and the other monks five bolts of pure brocade and various other gifts.  Soon thereafter, the monk Prajnakara was invited back to Tukhara, and so he and Xuanzang parted ways. And it was about time for Xuanzang to continue onwards as well.  From Kapisa, he would travel across the “Black Range” and into Lampaka.  This may refer to the area of Laghman or Jalalabad.  Today, this is in modern Afghanistan, but for Xuanzang, this would have been the northwestern edge of India.  He was almost there. And so are we, but we'll save his trip into India for next episode. Until then thank you for listening and for all of your support. If you like what we are doing, please tell your friends and feel free to rate us wherever you listen to podcasts.  If you feel the need to do more, and want to help us keep this going, we have information about how you can donate on Patreon or through our KoFi site, ko-fi.com/sengokudaimyo, or find the links over at our main website,  SengokuDaimyo.com/Podcast, where we will have some more discussion on topics from this episode. Also, feel free to reach out to our Sengoku Daimyo Facebook page.  You can also email us at the.sengoku.daimyo@gmail.com.  Thank you, also, to Ellen for their work editing the podcast. And that's all for now.  Thank you again, and I'll see you next episode on Sengoku Daimyo's Chronicles of Japan.

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of February 17 -An earthquake of 4.0 magnitude rocked parts of Delhi-NCR early this morning. There were no immediate reports of any damage or injuries. The earthquake has its epicentre in New Delhi. It struck at a depth of five kilometres at 5:36 am, according to the National Center for Seismology. Prime Minister Narendra Modi also tweeted about the tremors felt in Delhi and nearby areas. He urged everyone to stay calm and follow safety precautions, and that people must stay alert for possible aftershocks. Authorities are keeping a close watch on the situation. -Coming back to markets, on Friday, the Indian equity market fell for the eighth straight day, marking its first such decline in two years. This downturn was driven by persistent foreign institutional investor (FII) outflows and growing concerns over potential retaliatory tariffs from the United States. After reaching a record high of ₹478 lakh crore in September 2024, the combined market valuation has declined by nearly ₹80 lakh crore over the past four and a half months. -With the earnings season now behind us, investor focus will shift to trends in FII flows and currency movements for further cues. Additionally, speculation regarding US tariffs and their impact on global trade will remain a key factor to watch. -Vinod Nair of Geojit Financial Services expects volatility to stay elevated until there is clarity on tariffs and a recovery in corporate earnings. -This morning, the GIFTNifty was lower, trading at a discount of nearly 40 pts from Nifty Futures Friday close, indicating a start in the red for the Indian market. -Stocks to watch: BHEL, Alembic Pharma, Zydus Lifesciences, Aditya Birla Fashion, Utkarsh Small Finance Bank, Wipro -Looking at global cues, Asian stocks struggled for direction this morning as traders navigate increasing tensions between the US and European Union and looming central bank monetary policy decisions. -Australian shares dipped while Japan swung between gains and losses. Futures in Hong Kong also pointed to an early drop. The dollar was little changed. Treasury futures dipped with cash trading closed globally due to Presidents' Day in the US. -Investors will also be looking to China stocks after a gauge of US-listed mainland shares climbed 2.3% on Friday amid a euphoria over artificial intelligence companies. A potential meeting this week between President Xi Jinping and e-commerce icon Jack Ma could be the next catalyst to extend the rally in China's stocks. -In commodities, oil extended its loss to a fourth day. Oil fell Friday as concerns of ample supply and Trump's tariffs hurting demand overshadow US threats to Iranian crude exports. Gold was steady. Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of February 14 -The highlights of the Modi and Trump meeting are likely to be one of the main themes today. Following bilateral talks, India and the US have agreed on a roadmap to double trade to 500 billion dollars by 2030. The two leaders renewed commitments to making high value greenfield investments in each other's countries. Defence remains a very important area of cooperation. -Also, India and the US are to finalise a new defence framework which will be applicable from 2025 to 2035. And, US will review its arms transfer regulations in order to streamline defence trade -When asked if India has agreed to buy F-35's from America, the Foreign Secretary told CNBC-TV18 that he doesn't think the formal process with regard to acquisition of advanced aviation platforms has been initiated by India. Currently this is a proposal and there are many more steps which have to take place before any such acquisition takes place. -Gift Nifty remained flat this morning, indicating a muted opening for the Indian market. -Nagaraj Shetti of HDFC Securities said the short-term trend of the Nifty remains positive, but the market is lacking its strength to surpass immediate hurdles. A decisive move above 23,250 levels could confirm a near term bottom reversal pattern in the market. Immediate support is placed at 22,800 levels. -Stocks in focus: Hindalco, Manappuram Finance, Bank of Baroda, Nazara Technologies, Religare Enterprises, Paytm, defence, green energy stocks -Asian equities were headed for gains as markets reacted positively to signs the reciprocal US tariffs may be weeks from coming into effect, raising the prospect for negotiations. Shares in Australia and Japan and equity index futures for Hong Kong all advanced, indicating a region-wide stock gauge may climb for a third day. An index of Chinese companies that trades in the US rose more than 1% in New York trading. A measure of global stocks closed at a record high. -The S&P 500 rose 1% while the Nasdaq 100 climbed 1.4% as big tech outperformed. Tesla Inc. and Nvidia Corp each rallied over 3%, while Meta Platforms Inc. climbed for a 19th straight day. -US President Donald Trump ordered his administration to consider imposing reciprocal tariffs on numerous trading partners, singling out Japan and South Korea as nations that he believes are taking advantage of the US. Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of February 13 -The Indian equity market demonstrated resilience in a highly volatile session, though ultimately closing marginally lower. After showing a sharp decline in the last five sessions, the Nifty witnessed high volatility and a smart upside recovery. The index extended its downward trend for the sixth straight session, but the day's trading pattern revealed significant underlying strength. Nifty held above 23,000, supported mainly by financial stocks. -Among individual stocks, Reliance Industries emerged as the primary drag on the index, declining 1.5%, while Mahindra & Mahindra experienced the steepest fall of 3.2%. Insurance stocks surged as the I-T Bill retained the existing corporate tax rate. Metal, PSU Banks, and Financial Services showed strength sector-wise, while the Realty, Oil and Gas, and Auto sectors faced selling pressure. -This morning, the GIFTNifty was flat indicating a muted start for the Indian market. -Stocks to track: Kotak Mahindra Bank, ICICI Bank, Reliance, Bharat Forge, Tata Power, -Global cues: Asian equities rose as US-Russia talks spurred expectations for an end to the war in Ukraine. Risk sentiment was also stoked by the improving prospects for Chinese markets. -The S&P 500 closed down 0.3%, paring most of a 1.1% slide following the inflation data. Tesla Inc. led gains in megacaps and Meta Platforms Inc. rose for an 18th straight session. For the first time since November, the Nasdaq 100 erased an intraday loss of 1%. In late hours, Cisco Systems Inc. jumped on an upbeat sales forecast. -Oil extended declines after US-Russia talks. An index of dollar strength was little changed. Gold held a rally from its previous session, inching back toward its record high achieved earlier this week. -Prime Minister Narendra Modi is in Washington DC for a bilateral meeting with President Donald Trump. He also met US intel chief Tulsi Gabbard. Tune in to the Marketbuzz Podcast for more news and cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here is top news from around the world ahead of the trading session of February 12 -GIFT Nifty was flat this morning, trading at a premium of nearly 20 points from Nifty Futures Tue close, indicating a flat-to-positive start for the Indian market.t -Yesterday, the downside momentum continued in the market for the fifth consecutive session. After opening on a negative note, the market continued to decline further for the better part of the session. In the last hour, the Nifty recovered more than 100 points from the intraday low of 22,986 and ended the day with a 310-points or 1.32% loss at 23,071.80. -Additionally, a sharp sell-off in midcap and smallcap stocks further dampened sentiment. The broader market took a bigger hit, coming close to entering a correction, with midcaps down 17% from record-high levels. -BSE-listed companies erased nearly Rs 10 lakh crore in market capitalisation yesterday. -Going forward, the market scenario appears challenging in the absence of bullish sentiment. -Stocks in focus: TVS Motor Company, Jupiter Wagons, SAIL, Vodafone Idea -Earnings: Ashok Leyland, Bharat Forge, Crompton Consumer, HAL, Jubilant Foodworks, Muthoot Finance, PFC, Siemens, Aegis Logistics, Balaji Amines, Finolex Cables, Graphite India, Honasa Consumer, Landmark Cars, PTC India, RCF, RVNL -Global cues: Bond yields climbed after Federal Reserve Chair Jerome Powell signaled patience before cutting interest rates further and as investors look ahead to the upcoming CPI data. Treasuries fell across the curve on Tuesday, with money markets still fully pricing in one rate cut by the Fed this year. Australian and Japanese 10-year yields gained. The yen declined for a third consecutive day. Hong Kong shares climbed while a gauge of Asian equities dropped to the lowest in a week. - As traders await a key US inflation reading later today, prices have showed scant signs of downward momentum at the start of the year. Healthy job growth has also buoyed the US economy, backing the Fed's stance to hold the line on interest rates for now. -In commodities, oil edged lower after gaining Tuesday on signs that US sanctions were hampering Russian crude supplies. Gold was steady after volatile trading in its previous session saw it surge to a fresh peak above $2,942 an ounce, before paring back. -Prime Minister Narendra Modi will make an official working visit to the US on 12th and 13th of February. He's scheduled to have a bilateral meeting with US President Donald Trump. PM Modi will also interact with US business leaders and with members of the Indian community. -Industrial production data and cpi inflation data for December 2024 will be released this evening. Mutual Funds data will be out at noon. -Hexaware Technologies IPO is set to open today and will close on February 14. The IT services provider has fixed the price band between ₹674 to ₹708 per share. Tune in to the Marketbuzz Podcast for more cues

A Canadian Supreme Court judge held Tanner Fox guilty of second-degree murder. The sentencing of other accused, Jose Lopez, will take place Friday.  

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of January 29 -After showing weakness from Friday's highs, the Nifty50 witnessed a sharp sell-off on Monday, closing at a 7-month low. The index managed to hold levels above 22,800 but ended the day 263 points lower at 22,829, with 42 out of 50 stocks closing in the red. -Most heavyweights saw a closing in the red while ICICI Bank ended higher after Q3 earnings. FMCG stocks like HUL and Britannia were among the top Nifty gainers, both rising over 1%. On the other hand, the IT index fell 3%, dragged down by global cues. HCL Tech, Tech Mahindra, and Wipro were the top Nifty losers. -Going ahead, market sentiment remains on the edge as investors brace for Wednesday's Federal Reserve rate decision and accompanying policy guidance. This unease is further fueled by mixed earnings reports, geopolitical tensions, and the impending Union Budget, all of which have contributed to the prevailing uncertainty. -Stocks to watch: Coal India, Tata Steel, Indraprastha Gas, Kaynes Technology India, Piramal Enterprises -Earnings: Bajaj Auto, Hindustan Zinc, Hyundai Motor India, Bharat Heavy Electricals, Cipla, JSW Energy, Suzlon, ideaForge Technology, and TVS Motor Company -Additionally, global developments weighed heavily on Indian markets. The recent launch of DeepSeek, a Chinese AI startup, and former U.S. President Trump's abrupt tariff announcement on Colombia have created fresh headwinds. DeepSeek's emergence as the No. 1 free app on the iOS App Store has intensified concerns, as it positions itself as a free alternative to ChatGPT, which has signaled its intention to shift toward a for-profit model. -Global cues: Most Asian shares dropped following a bruising session on Wall Street caused by fears the valuation of artificial-intelligence companies had become excessive. The MSCI Asia Pacific Index slipped as much as 0.6% with Japan's largest technology firms leading declines. That was after the S&P 500 and Nasdaq 100 both tumbled Monday as a cheap AI model from Chinese startup DeepSeek fueled concern valuations may be hard to justify. Many Asian markets, including China and South Korea, are shut Tuesday for the start of the Lunar New Year holidays. -In commodities, oil steadied — after sinking by nearly 2% on Monday. Brent crude traded near $77 a barrel, while West Texas Intermediate was above $73. -This morning, GIFT Nifty was trading at a premium of nearly 100 points vs Nifty Futures' Monday's close, indicating a gap-up start for the Indian market. Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top news from around the world ahead of the trading session of January 27 -It'll be a longer trading week as the markets will also remain open on Saturday this time on account of Modi 2.0 government's Union Budget presentation for the 2025-26 fiscal on February 1. -Now, Friday's session marked the third consecutive week of negative returns for the market, a streak not seen in the past three months. The Nifty erased gains from its previous two sessions and ended the week with a 0.48% loss, reflecting the weakening broader trend.   -Going ahead, domestic equities are expected to trade within a broad range with some volatility amidst the Q3 result season, unfolding of US President Trump's economic policies and the Union Budget on Saturday. PSU and capex themed stocks such as railway, defence, capital goods will be in focus ahead of the Budget. -Stocks like ICICI Bank, NTPC Green Energy, IDFC First Bank, Yes Bank, Macrotech Developers, DLF, and JK Cement, among others will remain in focus today as these companies declared their December quarter results after market hours on Friday. -Apart from these, shares of Religare Enterprises will also be in focus as global investor Digvijay Gaekwad had made a competing open offer against the Burman Family for 26% stake at ₹275 per share. The Burman Family open offer is at ₹235 per share. Gaekwad has written to the SEBI Chairperson to make the competing open offer. -This morning, GIFT Nifty was trading at a discount of more than 100 points Vs Nifty Futures' Friday's close, indicating a gap-down start for Indian market -Results: Tata Steel, Coal India, ACC, Adani Total Gas, Canara Bank, Bajaj Housing Finance -Asian stocks rose in early trade, with caution remaining over a global rebound after President Donald Trump's decision to impose tariffs and sanctions on Colombia for impeding his immigration goals. The dollar edged higher. Japanese benchmarks advanced, with Hong Kong futures pointing to mild gains at open. US equity futures slid, paring last week's gain that was the best start to a presidential term since 1985. Australia's stock and bond market is closed for a holiday. -In commodities, oil posted its first weekly decline of the year after Trump threatened penalties on Moscow if Russia didn't make a deal to end the war in Ukraine, and demanded OPEC+ lower the cost of crude. Bitcoin edged lower after touching a fresh record last week after Trump last week signed an order to create a working group of key agencies to advise on crypto policy and create a regulatory framework and legislative proposals. Gold advanced for a fourth straight week. Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top news developments from around the world ahead of the trading session of January 17 -Today's market moves will be determined by the Street's reaction to Reliance and Infosys Q3 earnings. -In the previous session, Nifty's winning streak extended into a third consecutive session, though uncertainty persists as the index continues to trade within a limited range. Despite some selling pressure at higher levels after the gap-up opening, the Nifty 50 managed to close above the critical 23,300 resistance level. -Today, market attention will shift to earnings reports from Tech Mahindra, Wipro, and SBI Life. Another key factor will be the market's reaction to Reliance Industries' results. The company delivered a strong quarter, with EBITDA rising 12% quarter-on-quarter versus estimates of 8%, driven by its O2C and Retail segments, while the Telecom and Oil & Gas businesses performed in line with expectations. Additionally, Infosys, Axis Bank, LTIMindtree, and Havells, which released their earnings after market hours on Thursday, will influence Friday's trading sentiment. -According to Nagaraj Shetti of HDFC Securities, the short-term trend of Nifty is positive but the market is lacking its strength to witness sharp upside breakouts of the hurdle. -This morning the GIFT Nifty was lower, trading at a discount of more than 50 points from Nifty Futures Thursday close, indicating a start in the red for the Indian market. -Asian stocks dropped as traders prepared for a swath of Chinese data scheduled Friday including fourth-quarter growth. -Shares in Japan fell as the yen largely held onto gains from earlier in the week, while those in Australia fluctuated. The downward start in Asia comes as a global risk rally this week, fueled by traders re-adjusting Federal Reserve interest rate cut bets following Wednesday's benign inflation data, loses steam. The focus will now shift to official Chinese data due Friday that is likely to show the world's second-largest economy failed to break a deflationary cycle last year. -In the overnight session, benchmark indices on Wall Street took a pause after a three-day rally owing to pressure in shares of big tech. The Dow Jones and S&P 500 fell 0.2% each, but the Nasdaq underperformed, declining 0.9% due to pressure in shares of Apple, Tesla, Nvidia and Alphabet, all of which fell between 1% to 4%. Apple had its worst day since August last year. -In commodities, oil edged higher after a 1.7% drop on Thursday, retreating from a five-month high as the market adjusts to new sanctions on Russian crude and digested mixed signals from President-elect Donald Trump on his intent to uphold the measures. Crude is on track to gain for a fourth week in a row. Gold is set for a third straight week of advances. Tune in to the Marketbuzz Podcast for more

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of January 16 -It's an earnings heavy day today with Infosys, Reliance Industries, Axis Bank and LTI Mindtree set to report third quarter results. These earnings could provide directional cues for the market. -Today's session will also include the weekly expiry of Nifty 50 options contracts. Additionally, stocks like L&T Technology Services (LTTS), HDFC Life, and Transrail Lighting are expected to react to their quarterly results announced after market hours on Wednesday. -After Nifty managed to hold above the 23,200 level despite the volatility in the market yesterday, Ajit Mishra of Religare Broking said that the market seems to be pausing as recovery attempts face resistance, though select heavyweight stocks are limiting the downside. -This morning, the GIFT Nifty was higher, trading at a premium of more than 100 pts from Nifty Futures Wednesday close, indicating a gap-up start for the Indian market. -On the global front, the US CPI data (released on Wednesday) and the US retail sales data due today are expected to act as significant triggers, alongside ongoing Q3 earnings announcements. -Shares in Asia followed Wall Street higher as easing US core inflation kept alive the prospect of Federal Reserve rate cuts this year. Benchmarks in Australia, Japan and South Korea all notched gains. The S&P 500 closed Wednesday 1.8% higher, the benchmark's best day since the November election, which erased its 2025 decline. The tech-heavy Nasdaq 100 climbed 2.3%. -Oil extended a powerful early-year advance on mounting risks to global supplies, and as commercial crude inventories in the US posted their longest run of declines since 2021. Gold slipped after climbing in the previous two sessions. Tune in to the Marketbuzz Podcast for more cues

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

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of January 14  -Sensex on January 13 cracked over 1,000 points to dive below the 77,000 level, tracking heavy selling in global equities and a spike in international crude prices. The NSE Nifty dropped 345 points or 1.5% to close at 23,085. A strong US jobs data erasing early rate cut expectations, the rupee logging its steepest single-day fall in nearly two years and unabated foreign fund outflows also dampened investors' sentiment. -The real pain was felt in the broader markets on Friday and Monday was an extension of that. Both the Midcap and Smallcap indices fell 4% each on Monday with multiple stocks now having corrected between 20% to 40% from their peaks. In just the last six trading sessions, the Midcap index is down 9%, while the Smallcap index has gone one better, declining 11%. -Nagaraj Shetti of HDFC Securities believes that the underlying trend of the Nifty remains weak and the index is now headed lower towards its next support zone between 22,800 - 22,700 levels. Any pullback towards 23,350 could be a selling opportunity. -The GIFT Nifty was higher this morning, trading at a premium of more than 100 pints from Nifty Futures Monday close, indicating a gap-up start for the Indian market. -Stocks to watch: HCLTech, United Spirits, JSW Energy, Quess Corp, Angel One, Delta Corp, Anand Rathi Wealth -Global cues: The dollar fell against almost every major currency after Bloomberg News reported that Donald Trump's incoming economic team is considering gradual hikes in tariffs. The Bloomberg Dollar Spot Index dropped as much as 0.4% in early Asia trading Tuesday, after a report showed Trump's economic advisors are discussing a slow and steady approach to tariffs, rather than a large one-time increase. -Oil prices slipped at market open this morning but remained near four-month highs as Chinese and Indian buyers sought new suppliers in the wake of the Biden administration's toughest sanctions yet on Russian oil. Brent futures slipped 0.27% to $80.79 a barrel. -Asia-Pacific markets traded mixed this morning after a mixed session on Wall Street that saw the Dow soar and the Nasdaq slip as investors rotated out of tech stocks. -Overnight in the U.S., the Dow Jones Industrial Average climbed, outperforming the market, while the Nasdaq Composite slipped as traders continued to sell off major tech stocks that have powered the bull market. -Investors will continue monitoring India's rupee after it weakened to a record low against the U.S. dollar. India on Monday reported inflation data for December, which declined for a second straight month year on year, coming in just below expectations at 5.22% and boosting the case for prospective interest rate cuts. Tune in to the Marketbuzz Podcast for more

Welcome to CNBC-TV18's Marketbuzz Podcast. Here is are top news from around the world ahead of the trading session of January 13 -This week, all eyes will be on corporate earnings, with HCL Tech, Reliance Industries, Infosys, Axis Bank, and Wipro scheduled to release their results. -Key macroeconomic indicators, including CPI and WPI inflation data, will be closely monitored. Market sentiment will also depend on ongoing foreign fund flows and cues from US markets. -US stocks sold off on Friday, with the S&P 500 erasing its 2025 gains, after an upbeat jobs report stoked fresh inflation fears, reinforcing bets that the Federal Reserve will be cautious in cutting interest rates this year. Wall Street's main indexes closed their second consecutive week in the red. -Stocks slipped in Asia following Friday's strong US jobs data, while oil rose to the highest in more than four months as a fresh wave of US sanctions against Russia threatened to crimp supplies. Shares in Australia and South Korea both fell from the open, pressuring a gauge of the region's shares that's now declined for four consecutive sessions. US equity futures also edged lower after the S&P 500 slipped 1.5% Friday. Japanese markets are closed Monday, which means there's no trading in cash Treasuries in Asian hours. -Global crude benchmark Brent advanced above $81 a barrel, after surging almost 4% in the previous session. The US imposed its most aggressive and ambitious sanctions yet on Russia's oil industry on Friday, targeting two large exporters, insurance companies, and more than 150 tankers. -The GIFT Nifty was trading lower at a discount of more than 150 pts from Nifty Futures Friday close, indicating a gap-down start for the Indian market. -Stocks to watch: HCL Tech, Avenue Supermarts, Just Dial, Adani Wilmar, Waaree Energies, Indian Overseas Bank, Biocon, Sunteck Realty Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here is top news from around the world ahead of the trading session of January 10 -Thursday's session clearly favored the bears, as the market witnessed a broad-based sell-off. Extending its corrective phase, the market remained under pressure and lost over half a percent, with the frontline indices falling nearly 1% each. Most sectors moved in tandem with the benchmark indices, with realty, energy, and IT emerging as the top losers. Broader indices also faced selling pressure, each slipping nearly 1%. The Nifty Midcap index recorded its fourth loss in the last five sessions. -This morning, GIFTNifty was lower, trading at a discount of more than 60 points from Nifty Futures Thursday close, indicating a start in the red for the Indian market -Whether the Nifty 50 ends the week with gains or losses depends on the way the Street will react to quarterly results from India's largest IT services company, TCS. The performance from TCS may have a rub-off effect on other IT companies too, five others of which are part of the Nifty 50. -Stocks to watch: TCS, Ireda, Tata Elxsi, Adani Total Gas, Mahanagar Gas, Mazagon Dock, Polyplex Corporation -Asian equities and US futures fell as caution took hold ahead of jobs data that will help shape the outlook for Federal Reserve interest rates. Shares in Japan and Australia slipped, white those in Hong Kong opened higher. Contracts for the S&P 500 dropped for a second day after US trading was closed on Thursday to observe a national day of mourning for former President Jimmy Carter. -Several Fed officials confirmed Thursday that the central bank will likely hold interest rates at current levels for an extended period, only cutting again when inflation meaningfully cools. -Oil rose for a second day as falling US inventories offset more signs of economic weakness in China, the biggest importer. Tune in to the podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here is top news from around the world ahead of the trading session of January 9 First a quick recap, the Nifty 50 yesterday witnessed smart upside recovery from lows after showing a deep cut in the early-mid part of the session and settled the day lower by 19 points at 23,689. The index opened on a positive note and slipped into sharp weakness soon after the opening. Weak global cues and stronger-than-expected US jobs data which dampened hopes of an early rate cut by the Federal Reserve, further pressured domestic equities. -Today, Nifty 50's options contracts will have their weekly expiry. The expiry session will also mark the beginning of the December quarter earnings season for the Nifty 50 companies, with TCS kickstarting the results season. -Indian stock markets have been downgraded to "neutral" by HSBC compared to its earlier stance of "overweight." While India provides a strong medium-term structural story, the slowdown in growth, amidst high valuations limits the upside and hence the downgrade. HSBC has also cut its 2025-end Sensex target to 85,990 from 90,520 earlier. The revised price target implies a potential upside of 10% from current levels. -The Gift Nifty was trading flat this morning, indicating a muted start for the Indian market. Analysts expect Indian markets to remain range-bound with stock and sector specific action on the back of upcoming Q3 results. -Stocks to track: TCS, Manappuram Finance, Lupin, MOIL, Man Industries, Tata Motors -Asian shares fell this morning after a range-bound session on Wall Street, as caution grew ahead of Thursday's closure of US equity markets and an important jobs report later in the week. Stocks dropped in Japan, Australia and China, while US contracts also slipped. -A gloomy outlook for China's economy is compounding the pressure on regional markets after data showed the nation's consumer inflation weakened further toward zero in December. Investors are also awaiting Friday's US employment report which may shed more light on the Federal Reserve's policy outlook. -US stock markets will close Jan. 9, in observance of a national day of mourning for former President Jimmy Carter. -In commodities, oil prices fell this morning, extending losses from the previous day, pressured by large builds in U.S. fuel inventories last week, though concerns over tighter supplies from OPEC members and Russia capped the decline. Brent crude futures fell to $75.88 a barrel. -In other news back home, at least six people died, and 25 were rushed to the hospital following a stampede near Andhra Pradesh's Tirupati temple late on Wednesday evening. The chaos erupted at three places as hundreds of devotees rushed to secure tokens for the 10-day Vaikunta Dwara Darshanam starting January 10. Overwhelmed by the crowd, the ticketing centre became the site of the incident. Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of December 20 -The key question today is can bulls turn the tide now that the Nifty is facing its worst week in three months. On Thursday, the Nifty violated almost every near-term support from 24,100, 24,000, and at one point, even 23,900, although it managed to reclaim the latter towards the close of the session. -Going ahead, market participants are keeping an eye on the Bank of England policy meeting and Q3 US GDP numbers due later on Thursday. -This morning, the GIFT Nifty was trading with a discount of nearly 90 points from Nifty Futures' Thursday close, indicating a gap-down start for Indian market. -Om Mehra of SAMCO Securities says that after the steep correction, there might be mean reversion, and the Nifty may see a relief rally in the coming session and that the next support level remains at 23,600. Shrikant Chouhan of Kotak Securities believes the short-term market sentiment remains on the weak side; however, due to temporary oversold conditions, a quick pullback rally from the current levels could be seen. -Stocks to watch: IT stocks, Hyundai Motor India, IndiGo, AU Small Finance Bank, KPI Green, GE Vernova, BASF -Asian stocks declined as investors awaited the release of the Federal Reserve's preferred inflation gauge for fresh clues about its policy outlook. A key index of regional shares shed 0.2%, with losses in Australia and South Korea. Japan was an outlier after the yen weakened earlier. Hong Kong and mainland Chinese equities fluctuated in opening trade. US futures fell after both the S&P 500 and the Nasdaq 100 dropped. -The focus is now on US personal consumption expenditures for November due later Friday, the last major piece of data for the year, after the Fed's latest hawkish policy pivot. Data released Thursday, including faster-than-expected expansion for gross domestic product and stronger consumer spending, weakened the case for imminent rate cuts. -Elsewhere, the Republican-led House rejected a temporary funding plan backed by President-elect Donald Trump on Thursday with just over 24 hours to go before a US government shutdown. Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are the top developments from around the world ahead of the trading session of December 19 -The Fed has lowered rates 25 basis points as expected, but also issued a forecast that it will now cut rates only twice in 2025 compared to four given in its previous forecast. -Fed Chair Jerome Powell said the central bank would be more cautious as it considers further adjustments to the policy rate, noting the Fed is committed to reaching its 2% inflation target. -US markets sank overnight after the US Federal Reserve signalled fewer than expected rate cuts for 2025. The Dow Jones fell 1,100 points or 2.6% to mark its worst day since August and extend its slide for the 10th day running. This is the longest losing streak for the index since 1974. This was also only the second instance in 2024 that the 30-stock index fell 1,000 points or more in a session. -While the S&P 500 shed 3% to fall below 6,000, the Nasdaq shed 3.6% to close well below the 20,000 mark. This was the worst Fed policy day for the S&P 500 since 2001. On one hand, the Fed did cut interest rates by 25 basis points on expected lines, but said that it will now cut rates only twice in 2025 compared to four given in its previous forecast. -Following the forecast, Asian stocks slid this morning, echoing a slump in US equities. Equity benchmarks in Japan, Australia and South Korea declined, helping drag a gauge of regional equities more than 1% lower. US stock futures edged higher after the S&P 500 suffered its biggest loss since 2001 for a Fed decision day. -The Gift Nifty fell 300 points after the Wall Street sell-off, indicating more pain for Sensex and Nifty. The current trend indicates that Nifty is set to open below the level of 24,000. -Even as the market struggled through the day yesterday, the session belonged to the three new listings on Dalal Street - Vishal Mega Mart, MobiKwik and Sai Life Sciences, all of which had a stellar debut on the bourses. The shares ended with gains between 40% to 90% from their issue price and now have a combined market capitalisation of ₹70,000 crore. -Stocks to watch: Asian Paints, DOMS Industries, Yatharth Hospitals, Zaggle Prepaid Ocean Services, Borosil Renewables, IOL Chemicals, NITCO, Indowind Energy, JSW Infra Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are the top developments from around the world ahead of the trading session on December 18 -The Nifty also closed below the 50-Day Moving Average (DMA), which is around the mark of 24,400 after a fall of over 300 points. 49 out of the 50 Nifty stocks ended with losses on Tuesday with Cipla being the only outlier that barely managed to stay afloat above the flat line. 41% of the 330-point fall that the Nifty saw on Tuesday came from its top five laggards - HDFC Bank, Bharti Airtel, TCS, ICICI Bank, and L&T. Even Reliance Industries played its part in taking the Nifty lower. -It remains to be seen whether any relief is forthcoming from the institutional end on Wednesday as a lot of the IPO funds locked up would be refunded by Tuesday evening. While no such relief was seen on Tuesday when the process began, the bulls would rest their hopes on Wednesday. -Wednesday's session will see three listings, that of MobiKwik, Vishal Mega Mart and Sai Life Sciences. While MobiKwik and Vishal Mega Mart saw healthy subscription figures, Sai Life saw a subdued response but may still list at a premium to its IPO price. -Stocks to track: Aurobindo Pharma, JSW Energy, Ambuja Cements, Exide Industries, insurance stocks, Aditya Birla, Edelweiss Financial -Global markets are on the edge ahead of key central bank decisions, including the US Federal Reserve, the impact of which will be seen during Thursday's trading session. The Bank of Japan will also be announcing its monetary policy decision on Thursday. Asian shares turned higher this morning, shrugging off Wall Street's modest declines as traders braced for the Federal Reserve's final policy decision of the year. Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of December 17 -The Nifty was back into consolidation mode on December 16, trading in a range and eventually ending with a negative bias, giving up some part of the huge recovery it saw on Friday. However, like it did before Friday's session of extremes, the Nifty respected both sides of the range on Monday as well. -Nagaraj Shetti of HDFC Securities says that the near-term uptrend of the Nifty is intact and the market will eventually see an upside breakout of the 24,800 hurdle He continues to advise a buy on every dip with immediate support at 24,550 as the long-term weekly chart is still in an uptrend. -GIFT Nifty was trading at a discount of over 70 points this morning versus Nifty Futures' Monday's close, indicating a start with cuts for Indian market. -Stocks to track: Vedanta, Wipro, Indus Towers, Mindspace REIT, Gravita India, Adani Wilmar, Auto Component makers, GMR Airports, Gopal Snacks, Prataap Snacks, Bikaji Foods, Texmaco Rail, RVNL, RailTel, Varun Beverages, TCS, Mawana Sugars, -22 central banks are about to declare their monetary policy decisions this week. This includes the likes of the US Federal Reserve, Bank of England and the Bank of Japan. While most of their interest rate actions are priced in by the market, their commentary on the road ahead is what is keeping the market participants nervous. -Asian equities tracked gains on Wall Street this morning as traders awaited a raft of interest-rate decisions by central banks this week. A key stock benchmark for the region climbed, as did shares in Australia and Japan. Shares in Hong Kong opened lower while those in mainland China fluctuated, showing weak market momentum after soft retail sales data Monday. The moves came after a positive session on Wall Street, where the Nasdaq 100 gained more than 1% to reach another record high. -The main focus remains Wednesday's Fed decision, which will be followed by policy announcements in Japan, the Nordics and the UK this week. -In the corporate world, President-elect Donald Trump announced that SoftBank Group Corp. planned to invest $100 billion in the US over the next four years during an event alongside Chief Executive Officer Masayoshi Son on Monday. Shares of SoftBank rose as much as 4%. -Bitcoin rose to a record high on Trump's support for digital assets and optimism about the upcoming inclusion of MicroStrategy Inc., an accumulator of the token, in a key US stock gauge. -Oil steadied after a decline, after poor economic data from China reinforced concerns about weakening demand in the world's biggest crude importer. Gold was little changed, holding on to a slight gain in its previous session. Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of December 16 -Zakir Hussain is no more. The Tabla maestro's family has confirmed that the 73 year old succumbed to complications arising from idiopathic pulmonary fibrosis. -On Friday, the Nifty recovered nearly 600 points from the lows of the day at 24,180 to end within touching distance of the higher end of the 24,500 - 24,800 range it found itself stuck in for the entire week before Friday. That came after a 350-plus points drop from the opening levels. -The market action of Friday indicates a strong comeback of the bulls and more upside is expected in the near-term, said Nagaraj Shetti of HDFC Securities. The next upside target for the upcoming week is 25,200 with immediate support at 24,650, he added. -All eyes for the this week will be on the US Federal Reserve's policy decision, where a 25 basis points rate cut from Jerome Powell and team is almost a done deal, but the focus will be on the commentary for the road ahead as to where the FOMC sees the interest rates in 2025, particularly after Donald Trump takes office on January 20. -This morning, GIFTNifty was trading with a discount of nearly 80 points, indicating a gap-down start for the Indian market. -Stocks to watch: Reliance Industries, Dixon Technologies, Lupin, Aurobindo Pharma, Premier Explosives, Axis Max Life Insurance, JP Power Ventures, JK Paper, Afcons Infra, JSW Energy, Bharat Forge -Looking at global cues, most Asian stocks traded in narrow ranges early Monday ahead of a swath of Chinese data and following a vow from the nation's regulators to stabilize markets. MSCI's Asian benchmark was little changed as shares crept higher in Japan and Taiwan and were little changed in China. South Korean stocks erased earlier gains after President Yoon Suk Yeol was impeached on the weekend. US futures edged up after the S&P 500 closed almost unchanged Friday ahead of a policy decision by the Federal Reserve this week. Bitcoin rose to a fresh record. -In commodities, oil edged lower, paring Friday's rise as simmering geopolitical conflicts and the prospect of sanctions on Russia and Iran countered projections for a supply glut next year. Gold was little changed. Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are the top news from around the world ahead of the trading session of December 6 -Yesterday, markets extended their recovery in a volatile session, gaining over 1% after a brief pause. Following a subdued start, a sudden surge in select heavyweight stocks mid-session lifted sentiment, although volatile swings in the final hour tempered momentum. Ultimately, the Nifty ended above 24,700, marking its highest closing level since October 21. Most sectors contributed to the rally, with IT, banking, and auto emerging as the top gainers. The IT index hit a record high, rising more than 2%, with Infosys and TCS leading the gains. -Market volatility was largely induced due to uncertainty around MPC's policy meet and the RBI's focus on liquidity measures following a dip in economic growth, which is going to be the key focus today as governor Shaktikanta Das is set to announce the policy outcome at 10 am today. -As of this morning, GIFT Nifty was higher, trading at a premium of more than 40 points from Nifty Futures Thursday close, indicating a start in the green for the Indian market. -Stocks to watch: Afcons Infrastructure, Nykaa, Cummins India, Dr Reddy's Laboratories, Ola Electric, Ramco Systems -The key thing to watch today will be the RBI policy outcome. A CNBC-TV18 poll of analysts expects RBI to hold rates whereas it could trim growth outlook. -Asian equities tracked a drop in US shares ahead of jobs data that may help shape the direction of the Federal Reserve's policy path later this month. Equities in Japan, Australia and futures in Hong Kong all fell, taking cues from the downbeat mood on Wall Street. The S&P 500 dropped 0.2% and the tech-heavy Nasdaq 100 slipped 0.3%, their first declines in five sessions. -In commodities, oil was mostly unchanged after OPEC+'s decision to push back the revival of shuttered production by another three months failed to lift sentiment. Meanwhile, Chevron Corp. said it plans to slow production growth in the biggest US oil field next year. Gold held its declines. -Bitcoin pulled back a record high with some traders already seeking to hedge against a deeper retreat after the original cryptocurrency surged to more than $100,000 for the first time. The digital asset held it losses after news that Donald Trump had named David Sacks as a White House czar for crypto and artificial intelligence. Tune in to Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top news from around the world ahead of the trading session on December 5 -A quick recap: The Indian equity market gained for the fourth straight day, marking its longest winning streak in two months. The Nifty 50 shifted into consolidation on December 4 after a sustained up move over the past three trading sessions. While the index closed in the green, it ended off its intraday highs due to a tug of war between positive domestic factors and weak Asian cues. -Despite a largely positive tone during the session, profit-booking in select heavyweights limited the upside. Sectorally, the performance was mixed, with banking and realty outperforming, while energy, auto, and FMCG faced selling pressure. -Looking ahead, the market will closely monitor comments from Federal Reserve Chair Jerome Powell and the US jobs data, set to be released today. -As of this morning, GIFT Nifty was lower, trading at a discount of nearly 50 points from Nifty Futures Wednesday close, indicating a start in the red for the Indian market. -Stocks to track: Torrent Pharma, Indus Towers, IGL, Bharat Forge -Global cues: Shares in Asia rose while currency markets opened Thursday on a note of relative calm as traders digested the effects of political crises in France and South Korea. Equities in Japan and Australia climbed, while those in South Korea fell as the country's opposition party sought to impeach President Yoon Suk Yeol after he briefly imposed martial law. Shares in Hong Kong fell, while those in China were little changed. -Overnight in the US, benchmark indices on Wall Street scaled new peaks after comments from Fed Chair Jerome Powell ahead of the policy announcement on December 18. The Dow Jones closed above the mark of 45,000 for the first time, the S&P 500 added 0.6% to close near 6,100, while the Nasdaq Composite outperformed, gaining 1.3%. The tech-heavy index is now 1.3% away from the 20,000 mark. -In terms of commodities, oil steadied after a decline, with traders looking ahead to an OPEC+ meeting on Thursday that's expected to see the cartel again defer a move to revive output in an already well-supplied market. Brent crude traded above $72 a barrel after sliding by nearly 2% on Wednesday, with West Texas Intermediate below $69. Tune in to Marketbuzz Podcast for more news and cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of December 4 -First a quick recap, the Nifty 50 crossed the key resistance level of 24,350 during Tuesday's session. Last week, the index attempted to surpass this level four times but failed every time. After opening on a positive note, the Nifty gradually advanced throughout the day, reaching a one-month high as markets extended their recovery for a third consecutive session. -In terms of sectors, heavyweights in energy, metals, and banking drove the rally, while defensive sectors like FMCG and pharma showed subdued performance. The broader market too has been showing strength with both mid and smallcap indices making gains for the last eight consecutive trading days. Most of the sectoral indices ended in the green. -Now going forward, the market will watch out for the US job openings data and November services PMI data of India and the US, which will be announced today. Analysts expect markets to gain some momentum in the near term on the back of positive global cues, optimism around enhanced government spending and favourable monetary policy changes by the RBI. -However, as of this morning, GIFTNifty was lower, trading at discount of more than 30 pts from Nifty Futures Tuesday close, indicating a start in the red for the Indian market -Stocks to watch: M&M, IndiGo, RVNL, ONGC, EPACK Durables, Honasa -Stocks in Asia declined after South Korea's political turmoil triggered by a brief imposition of martial law caught global investors off guard. The benchmark Kospi Index fell as much as 2.3% on Wednesday after South Korea-related assets all dropped overnight. Equities opened lower in Hong Kong and mainland China, and also slipped in Tokyo. The won advanced after losses overnight in offshore trading. -Global investors are looking to this week's US payrolls report and Jerome Powell's remarks for clues on whether the Federal Reserve will cut rates in December. The latest data showed US job openings picked up while layoffs eased, suggesting demand for workers is stabilizing. Fed Bank of San Francisco President Mary Daly said a rate cut this month isn't certain, but remains on the table. -Overnight, US markets had a choppy and mixed session as investors bought into a minor dip but largely chose to remain on the sidelines ahead of some key data points. The S&P 500 ended just above the flat line to notch its 55th record high of 2024, while the Nasdaq Composite outperformed with gains of 0.4% as Apple shares rose to a new record. The Dow Jones underperformed for the second day running, ending 80 points lower. -In terms of commodities, oil steadied after the biggest advance in more than two weeks. Gold stabilized after rising on Tuesday as political turmoil in South Korea and France buoyed demand for haven assets. Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are all top news from around the world ahead of the trading session of December 3 -On Monday, the markets started the week on a positive note ending in the green for the second consecutive day. The session opened weak due to disappointing GDP data but recovered as select heavyweight stocks across sectors gained momentum, driven by optimism over potential measures from the Reserve Bank of India (RBI) to support the economy in its upcoming MPC meeting. Broader market outperformed with both midcap and smallcap indices gaining more than 1% each. -Nifty, meanwhile, climbed back to 24,250, led by Reliance Industries, Infosys and HDFC Bank. If the index sustains above 24,350, the index is expected to form higher highs and higher lows on the hourly chart, maintaining a positive short-term trend. -Foreign institutions remained net sellers in the cash market on Monday, while domestic institutions were net buyers. -Nagaraj Shetti of HDFC Securities believes the short term trend of Nifty remains positive. A sharp upside breakout is expected above 24,350-24,400 levels in the next couple of sessions.  -Going ahead, Siddhartha Khemka of Motilal Oswal expects EV sector to be in focus after reports stated that the government is likely to evaluate a ₹9,000-crore initiative to boost the production of key battery components in India. -For today, GIFT Nifty was flat this morning, indicating a muted start for the Indian market.  -Stocks to watch: BPCL, Coal India, Cipla, KPI Green, Torrent Power, Solar Industries, KEC International, Muthoot Capital  -Global cues: Asian shares rose to follow the upbeat tone on Wall Street where a rally in the world's largest technology companies drove stocks to fresh all-time highs. Equity benchmarks gained in Japan, South Korea and Australia. Hong Kong and US futures were steady. The moves came after the S&P 500 notched its 54th closing record this year on Monday, and the tech-heavy Nasdaq 100 rose more than 1%.  -Oil edged higher as traders watched for clues on OPEC+'s supply plans ahead of a key meeting this Thursday. Gold was steady, staying within a narrow trading range where it's been for the past week. Tune in to Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of December 2 -Going ahead, the market will react to the weak Q2 GDP data for India, which came at 5.4%, against an expectation of 6.5% and also China's manufacturing PMI, which rose to 50.3 in November, signaling accelerated expansion. -Just as the bulls were preparing for a comeback of sorts for the Nifty in the December series on Friday, then came the second quarter GDP numbers which turned out to be well below expectations. -Nagaraj Shetti of HDFC Securities believes the upside bounce of Friday is indicating a comeback of bulls after one day of decline. Further up move is expected from here and Nifty is likely to challenge the immediate hurdle of 24,350 and move higher by next week. -This morning, the GIFTNifty was trading with a premium of 60 points from Nifty Futures' Friday close, indicating a gap-up start for the Indian market. -Stocks to track: Cochin Shipyard, KEC International, Adani Enterprises, RBL Bank, Bajaj Finance, auto stocks -Asian stocks edged higher after US shares rose Friday as global markets enter a seasonally strong period. The euro weakened amid a dispute over the French budget. The MSCI gauge of Asian shares headed for a second day of gains with benchmarks in South Korea and Australia among those gaining. The euro slipped after France's far-right leader Marine Le Pen gave the strongest indication yet that she's prepared to topple the government as soon as this week. -Emerging market assets including China's yuan and South African rand may face volatility after US President Donald Trump warned BRICS nations he will require a commitment that they won't create a new currency, or favor another in a bid to displace the US dollar in global trade. Should they not meet Trump's demands, he threatened to lob 100% tariffs on their goods entering the US. -In commodities, oil rose in early trading amid heightened Middle East tensions. -Adani Group founder Gautam Adani responded for the first time to allegations by US authorities that he was part of a $265 million bribery scheme, saying that his ports-to-power conglomerate was committed to world class regulatory compliance. The indictment is the second major crisis to hit Adani in just two years, sending shockwaves across India and beyond. Meanwhile, the Indian government has termed the issue “legal matter involving private individuals and private entities and the US Department of Justice”. -Devendra Fadnavis is leading the race for the Maharashtra CM post   Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of November 22 -The Indian equity market reversed Tuesday's gains on Thursday, with the Nifty ending at a five-month low. The tone was negative from the beginning, however, buying in select heavyweights from the IT and banking sectors helped limit the decline as the day progressed. Consequently, the Nifty index traded within a range for most of the session, settling at the 23,349 level. On the sectoral front, realty and IT performed well, while energy, metals, and FMCG sectors closed in the red. -Adani Group stocks slid as a US court indicted Gautam Adani and other group executives on charges of bribery related to certain solar projects. At their lowest point, the Adani Group's cumulative market capitalisation had declined by ₹2.6 lakh crore. Shares of Adani Group companies fell between 7% and 23% today. -The foreign portfolio investors have been relentlessly selling Indian equities with nearly ₹35,000 crore outflow in November month till date, which has been among the key reasons behind the recent market downtrend. -Meanwhile, for the day, the Gift Nifty remains volatile too. It was trading at a premium of more than 100 pts from Nifty Futures Thursday close earlier in the day. However, at the time of recording the podcast it slipped to the red and was 30 points down, indicating a lower opening for the equity market. -Stocks to watch: SJVN, Afcons Infrastructure, LIC -Asian equities rose this morning following gains on Wall Street as investors shook off initial concerns over Nvidia Corp.'s revenue outlook. The dollar gained. Shares in Australia, Japan and Hong Kong rose while those in China fluctuated after an index of US-listed Chinese stocks fell 1% Thursday. -Bitcoin set a fresh high, climbing past $98,000 on bets President-elect Donald Trump's support for crypto and a looser regulatory environment will usher in a boom for the industry. -Meanwhile, geopolitical tensions continued to simmer as Russia said it had launched a new kind of ballistic missile into Ukraine, boosting oil and gold prices. West Texas Intermediate gained for a second day. Gold rose for a fifth straight session. Tune in to Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of November 21 -While yesterday was a stock market holiday on account of voting in Maharashtra, the Nifty50 finally broke its seven-day losing streak—the longest in over 20 months — on Tuesday. Despite a strong opening and a positive first half, a sharp sell-off in the latter half wiped out the day's earlier gains, reportedly triggered by news of Ukraine's strike inside Russia. -Today's trading session will also see whether the Nifty 50 bulls are able to defend the 23,500 mark on the downside, particularly on the Nifty expiry day. -Meanwhile, Deepak Jasani of HDFC Securities expects Nifty to form a higher low before embarking on a sustainable bounce. 23350-23815 could be the band for the Nifty over the near term, he says. Religare Broking's Ajit Mishra said the Nifty's movement reflects that bears are firmly in control, using every rebound as an opportunity to short. -This morning the GIFT Nifty was higher, trading at a premium of nearly 90 pts from Nifty futures Tuesday close, indicating a gap-up start for the Indian market. -Stock to track: UPL, Dr Reddy's, Tata Power, Garden Reach Shipbuilders & Engineers, Aditya Birla Capital, JSW Steel, Aegis Logistics, Adani Infra -Asian equities declined in early trading, reflecting a muted mood on Wall Street that was amplified by Nvidia Corp.'s lackluster revenue forecast. Shares in Japan and South Korea fell alongside Hong Kong equity futures. Contracts for US benchmarks declined Thursday in Asian trading after falling on Nvidia earnings. The chip giant met third-quarter revenue and earnings expectations, but failed to meet the highest estimates for future revenue. Shares in Australia were slightly higher. -The tepid response to Nvidia's earnings may ripple across global markets, given the size of the world's largest company by market value and its role in the artificial intelligence boom. Shares of South Korea's SK Hynix, which is a supplier of Nvidia, rose as much as 0.9% in Seoul. -Meanwhile, investors in Asia will also be looking to gauge the effect of a US indictment of Gautam Adani and other executives over the alleged payment of more than $250 million in bribes. -On the other hand, Bitcoin set another all-time high, supported by a series of developments highlighting the deepening embrace of the digital-asset industry in the US under crypto cheerleader Trump. The world's largest cryptocurrency is fast approaching $100,000, helped along by MicroStrategy Inc.'s massive purchases. -Gold was up early Thursday, notching its fourth daily advance. Oil prices also climbed after retreating Wednesday. Tune in to Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of November 19 -The Nifty index recorded its seventh consecutive day of losses on November 18, marking its longest losing streak since February 2023. The index closed 0.34% lower to settle at 23,453, slipping below its 200-day moving average. -The Nifty IT index fell sharply by 2.3%, as comments from Federal Reserve Chair Jerome Powell, signaling a slower pace of rate cuts, weighed on domestic IT sentiment. Meanwhile, the Nifty Metal index outperformed, climbing 1.9% after China announced the withdrawal of export tax rebates on select aluminum and copper products. The move is expected to tighten global supply, benefiting Indian producers. -Besides, Honasa Consumer shares were locked at the 20% lower circuit limit at ₹297.25 following a disappointing earnings report. The stock has declined 30.36% year-to-date, making 2024 a challenging year for the company. -With Q2 earning season coming to a close and FII selling continuing, analysts expect Nifty to consolidate within a broad range due to the absence of any positive trigger. -Today's trading session will also see the opening of the ₹10,000 crore IPO of NTPC Green Energy. The price band is fixed between ₹102 and ₹108 per share. The offering comprises entirely fresh equity shares with no Offer for Sale (OFS) component. This IPO is the third-largest of 2024, trailing Hyundai Motor India and Swiggy. -This morning the #GIFTNifty was higher, trading at a premium of nearly 20 pts from Nifty Futures Monday close, indicating a flat-to-positive start for the Indian market -Asian equities advanced following gains in US stocks, after Treasuries halted a selloff that had pushed 10-year yields as high as 4.5%. Traders are closely watching any news around President-elect Donald Trump's planned administration. -MSCI's gauge of regional share climbed as much as 0.7% as benchmarks climbed in Japan, South Korea, China and Australia. The Nasdaq 100 outperformed Monday, with Tesla Inc. rising 5.6% on a news report Trump's transition team have told advisers they plan to make a federal framework for fully self-driving vehicles one of the Transportation Department's priorities. -Overnight, the S&P 500 rose 0.4% on Monday, while the Nasdaq 100 climbed 0.7%. The S&P 500 Index will advance through the end of next year amid continued US economic expansion and earnings growth, according to Goldman Sachs Group Inc.'s chief equity strategist David Kostin -Bitcoin slipped in Asian trade after rising above $91,000 Monday. The crypto currency is back in the vicinity of an all-time peak, supported by a salvo of developments highlighting the deepening embrace of the digital-asset industry in the US under crypto cheerleader Donald Trump. -Oil was little changed after surging on Monday amid simmering geopolitical tensions. West Texas Intermediate rose to settle above $69 a barrel after the US gave Ukraine the green light to use long-range missiles inside of Russia, amping up tensions between the warring nations. -Gold extended its gains as Goldman Sachs reiterated a forecast for prices to reach $3,000 an ounce next year. Tune in to the podcast now for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of November 8 -Asian equities climbed this morning after stocks, bonds and commodities all rallied in the US as the Federal Reserve cut interest rates. It remains to be seen whether or not Indian equities will follow suit. The GIFT Nifty was flat this morning, trading at a discount of less than 20 pts, from Nifty Futures Thursday close, indicating a muted start for the Indian market -Yesterday, the Indian markets witnessed profit booking after a huge surge over the last two trading sessions. A 300-point drop after hitting an intraday high of 24,503 may not have pleased the Nifty bulls. The Nifty 50 concluded near 24,200, shedding over a percent from its last close, while Sensex fell 836 points to settle at 79,542. -Today, the Street will react to the FOMC interest rate decision. Traders had about fully priced in a 25-basis point rate cut. -Earnings reactions will be seen from Lupin, NCC, Emami, Lupin, Cochin Shipyard, NHPC, Steel Authority of India, Ircon International that reported results after market hours on Thursday. -Stocks like State Bank of India, Tata Motors, MRF, Ashok Leyland, Equitas Small Finance Bank, CE Info Systems, Bajaj Hindusthan Sugar, India Cements, INOX India, Dreamfolks Services, among others will be reporting results on November 8. -The Federal Reserve did cut its key interest rate last night by a quarter-point in response to the steady decline in the once-high inflation that angered Americans and helped drive Donald Trump's presidential election victory this week. -Overnight in the U.S., the S&P 500 and Nasdaq rose, extending a rally after Donald Trump's victory in the U.S. presidential election and the latest rate cut from the Federal Reserve. This morning, Australian, Japanese, South Korean and Chinese shares all advanced, supporting a second day of gains for a region-wide equity gauge. Treasuries ticked lower in Asia while US equity futures were little changed. -In commodities, gold trimmed some of its advance from Thursday, while oil headed for a weekly gain. Bitcoin was little changed. Tune in to Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of November 7 -Overnight, benchmark indices on Wall Street hit record highs after Republican candidate Donald Trump emerged victorious in the Presidential election and is set for a second term in the White House after a four-year interval. -US Vice President Kamala Harris, meanwhile, told supporters to accept her election loss at the hands of President-elect Donald Trump but urged them to keep fighting for the ideals she espoused in her campaign as she publicly conceded the 2024 presidential race. -All three US benchmark indices ended at all-time high levels post the Trump win. The Dow Jones surged over 1,500 points or 3.5% to close at the 44,000 mark. This was the best single-day gain for the index since November 2022. The S&P 500 saw its best post-election trading session on record, jumping 2.5% to close near levels of 6,000. The S&P 500 notched its 48th record high for 2024, while the Nasdaq Composite also surged 3%, led by a 15% jump in shares of Tesla, to close near the mark of 19,000. -However, this morning, most Asian stocks dropped as investors weighed the market ramifications of a second Trump presidency, with its promise of steeper tariffs. The dollar edged higher after surging more than 1% on Wednesday. Benchmark equity gauges slipped in China, Australia and South Korea, and were mixed in Japan. The Federal Reserve is forecast to cut interest rates on Thursday. -The gains for US stocks reflected expectations that a Trump policy agenda favoring lower taxes and less regulation may support corporate profits. At the same time, Treasury 10-year yields surged 16 basis points on Wednesday on expectations that his fiscal plans and proposal to hike tariffs will drive inflation higher and erode the ability of the Fed to trim borrowing costs. -Now back home, continuing from where we left off after Tuesday's rebound, the market extended its rally on Wednesday, gaining over 1%, bolstered by positive global cues and significant developments in the US elections. BSE-listed companies gained nearly ₹8 lakh crore in market capitalisation in yesterday's trade. All the sectoral indices closed in the green. Amongst them, the Nifty IT index, reality and oil & gas gained the most. -IT stocks were the biggest contributors to the market rally yesterday, as reflected by the 4% gain in the Nifty IT index, despite the rupee trading sharply lower at 84.29 against the dollar. The rupee experienced a significant drop of 0.20 due to the outcome of the US election, where Republican candidate Donald Trump emerged victorious. Trump's win has strengthened the dollar index, adding pressure on global currencies. -Thursday's trading session will not only be the weekly expiry of the Nifty 50, it will also see earnings reactions from Apollo Hospitals Enterprise, Blue Star, Aadhar Housing Finance, Delta Corp, Jindal Steel And Power, Power Grid Corporation of India, Tata Steel that reported results after market hours on Tuesday. -While there are Nifty results like Mahindra And Mahindra, Trent, broader market names like Lupin, Cochin Shipyard, NHPC, Steel Authority of India, Cummins India, Emami, Emcure Pharmaceuticals, Escorts Kubota, Ircon International, among others will also be reporting results. -The GIFT Nifty was lower this morning despite a strong handover from the US market, trading at a discount of more than 100 pts from Nifty Fut Wednesday close, indicating a start with sharp cuts for the Indian market. Tune in to Marketbuzz Podcast for more cues

-Welcome back to CNBC-TV18's Marketbuzz Podcast. This is your host Kanishka Sarkar bringing you top developments ahead of today's trading session -Early exit polls in the extremely close U.S. presidential election appear to give an edge to Republican Donald Trump. Trump won eight states in the election while Kamala Harris captured three states and Washington, D.C., Edison Research projected. The early results were as anticipated, with the contest expected to come down to seven swing states. -Early results from Georgia, which narrowly voted for Democrats four years ago, could offer initial insight into how the two candidates are performing. Pennsylvania and parts of Michigan, both crucial battlegrounds, close at 8 p.m. local time. -Equities in Japan and Australia climbed. Chinese equities were mixed, with the CSI 300 Index of onshore shares edging higher in early trading while a gauge of the nation's Hong Kong-listed stocks down about 1%. -While results were still being collected and polls remained open in many key states, the ex-president's odds of election were climbing on betting markets and on national forecasting sites such as Decision Desk HQ. The Mexican peso and the Japanese yen dropped about 1%. -Back home, for a better part of Tuesday's trading session, Monday's lows were in danger of being taken out as the Nifty made a low of 23,842 on Tuesday. Then came the rebound. The Nifty Bank was the one that triggered the upmove with a sharp recovery from the lows. The financial services expiry, coupled with oversold setups on the charts led to a major short-covering move on the indices. By the end of Tuesday's session, the Nifty was back above 24,200 and the Nifty Bank, after a 1,000-point move, was back above 52,200, having traded briefly below the mark of 51,000 in intraday trading. -All eyes are now on the United States, where the outcome of the Presidential Elections, which is among the most closely contested ones in recent times, will be known in just a few hours from know. Polls continue to show both Donald Trump and Kamala Harris in a neck-to-neck fight. Sometime later today, there should ideally be a clearer picture as to who has emerged as the winner to be the next President of the US. -Wednesday's trading session will not only be the weekly expiry of the Nifty Bank, that led the reversal during Tuesday's trading session, it will also see earnings reactions from both Dr. Reddy's and Titan, the two Nifty constituents that reported results after market hours on Tuesday. Earnings reactions will also come from stocks like GAIL, Oil India, Mankind Pharma, Manappuram Finance, Waaree Renewables, JK Tyre, Berger Paints, Balmer Lawrie, among others. -While there are Nifty results like Tata Steel, Power Grid on Wednesday, broader market names like Delta Corp, Endurance Technologies, Power Grid, RITES, Rain Industries,  Sonata Software, JSPL, Shipping Corporation, among others will also be reporting results. -In terms of commodities, oil was steady after a five-day run of gains as the market monitored a tight US presidential election and Hurricane Rafael menaced production in the Gulf of Mexico. West Texas Intermediate traded near $72 a barrel after rising 0.7% on Tuesday, with Brent crude closing below $76. Rafael is threatening about 1.7 million barrels a day of output in the US gulf, and Chevron Corp. has shut some oil and gas facilities in the area. Gold was also steady as investors monitored a tight US election that could prove massively consequential for financial markets. -GIFTNifty was off highs this morning trading at a discount of nearly 60 pts from Nifty Futures Tuesday close tracking US polls outcome, indicating a start in the red for the Indian market. Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of November 5 -Yesterday, the Nifty 50 ended sharply lower on the back of US poll uncertainty and a poor second quarter results show. The index even broke below the October consolidation low of 24,073 and even closed below the mark of 24,000. -Majority of the losses came from banking names that were the top contributors to the downside, along with Reliance Industries. 40% of the 309-point drop that the Nifty saw on Monday came from HDFC Bank, ICICI Bank, Reliance Industries and Axis Bank. -With Monday's fall, the Nifty is down nearly 9% from its record high of 26,277, which it had hit on September 27. The overall session led to an erosion of ₹6.5 lakh crore in investor wealth. -However, this morning, the GIFT Nifty was trading at discount of nearly 50 pts from Nifty Futures Monday close, indicating a start in the red for the Indian market. -During Tuesday's trading session, which will also be the weekly expiry for the Financial Services index, stocks like ABB India, Bata India, Gland Pharma, IRCTC, JK Paper, KEC International, P&G Health, Raymond and Amara Raja will be reacting to their results that were reported after market hours on Monday. -Dr. Reddy's and Titan are the two Nifty names reporting results during Tuesday's trading session, along with a host of broader market names like GAIL, Berger Paints, Mankind Pharma, JK Tyre, Manappuram Finance, eClerx Services and CCL Products. -Asian equities were set for a mixed day amid increasing risk-off sentiment, as the clock ticked down to a tight US presidential election and the Federal Reserve rate decision. -In the run-up to Tuesday's vote, equity traders decided to stay on the sidelines as a flurry of polls showed Americans remained narrowly split between Donald Trump and Kamala Harris. The likelihood of a disputed result may eventually drag the vote count out for weeks or even months. For many, that means one thing — a potential rise in volatility. -Overnight, the US markets ended lower to start the new week on a risk-off note as uncertainties over the US Presidential Election outcome and the Fed rate decision kept investors on the edge. The Dow Jones fell over 250 points, recovering from the lows of the day as at one point, the index was down over 400 points. The S&P 500 and Nasdaq Composite swung between gains and losses, eventually ending the session with a 0.3% cut each. -Apart from US polls, there are additional catalysts likely to move the market. Election Day will quickly be followed on Thursday by the Fed decision and Jerome Powell's press conference, where he'll give details on the central bank's interest-rate path. A big chunk of US firms are due to report earnings. Tune in to the Marketbuzz Podcast for more news and cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of November 4 -Recap: It has been a volatile last two weeks for the Nifty, having ended October on a negative note. The month saw the index fall 6%, marking its worst monthly drop since March 2020. -Samvat 2081 has begun on a positive note with the index ending higher during the token one-hour Mahurat Trading session on Friday. The start of November also is no-less packed with action as the Indian market participants will have eyes on all four corners of the world due to various cues emerging during the week. -The all important US Presidential Election outcome will be known this week, as will be the US Fed interest rate decision. Consensus still remains that the FOMC will slash rates by 25 basis points. Meanwhile, manufacturing activity in the US fell to the lowest level since July 2023. -Back home, earnings season continues with multiple broader market companies, and big ones at that, reporting results in the upcoming week. Among the Nifty names, stocks like Dr. Reddy's, Titan, Tata Motors and India's largest lender State Bank of India, along with the newest index entrant, Trent, will be reporting results this week. -Samir Arora of Helios Capital during the Mahurat Trading session spoke about the fact that the next six to nine months, it will be good to look at growth companies but auto and consumer stocks may not do well. Market veteran Ramesh Damani also highlighted two themes that he would want to focus on for the next Samvat, which were Digital Public Infrastructure and Pharma. -This morning the GIFT Nifty was lower, trading at a discount of more than 80 points to Nifty Futures Friday close, indicating a gap-down start for the Indian market. -Stocks to watch: NCC, Ashoka Buildcon, MOIL, NBCC, NMDC, Premier Energies, Zen Technologies, Sun Pharma, Apollo Hospitals -Shares rose in Asia, with those in Hong Kong and mainland China higher in early trade. US stock futures were steady after Wall Street's gains Friday following robust earnings from the likes of Amazon.com and Intel Corp. Japanese markets are closed for a holiday, which means there will be no Treasuries trading in Asian hours. -In commodities, Oil advanced after OPEC+ agreed to push back its December production increase by one month and tensions escalated again in the Middle East. Brent rose as much as 2% to more than $74 a barrel. Gold was stable after retreating from a record high last week Tune in to Marketbuzz Podcast for more cues 

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of October 25 -The Nifty has now declined for four days in a row and is set for another weekly loss. For the week, the Nifty is down 1.8% so far. For an index, that did not decline for three straight weeks in 2024 until the last week, is now poised for its fourth straight weekly drop. -The underperformance of the Nifty on Thursday was led by the two FMCG heavyweights - Hindustan Unilever and ITC. -Stocks to watch: ITC, Dixon Technologies, Godrej Consumer Products, IndusInd Bank, United Breweries, Petronet LNG, MGL, Castrol India, Radico Khaitan, JSW Energy, IEX, Oracle Financial -Earnings: JSW Steel, Shriram Finance, Interglobe Aviation, BEL, Bandhan Bank, Bank of Baroda, BPCL, DLF, GMR Power, Go Fashion, HPCL, IDBI Bank, Inox Wind, Inox Green Energy, JM Financial, Krsnaa Diagnostics, Phoenix Mills, Poonawalla Fincorp, Praj Industries, Mahindra Holidays, MOIL, Macrotech, UTI AMC -GIFTNifty was trading flat this morning vs Nifty Futures' Thursday's close, indicating a muted-to-negative start for the Indian market. -In terms of global cues, major Asian equity benchmarks splintered between gains and losses Friday after Wall Street rallied for the first time this week as Tesla Inc. shares jumped. Equities in Japan fell while share indexes in Australia and South Korea advanced. US futures were little changed after the S&P 500 rose 0.2% and the Nasdaq 100 climbed 0.8%. The moves partly reflected the 22% leap for Tesla shares on strong earnings and a forecast outlining as much as 30% growth in car sales next year. -Gains for US stocks and bonds on Thursday came as US economic data showed new home sales beating estimates, initial jobless claims dropping and business activity expanding at a solid pace. -In commodities, oil advanced after dropping Thursday as oversupply concerns overshadowed the risks from Israel's potential retaliatory strike on Iran. Gold was steady Friday after edging higher in the prior day. Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of today's trading session -While Monday and Tuesday's fall came amidst multiple negative surprises, the fact that there were enough positive earnings surprises on Wednesday also could not improve sentiment in any form. IT was the only standout sector during the session, led by Persistent Systems and Coforge, shares of each ending 10% higher after a strong earnings performance and bullish management commentary on the road ahead. -In an interaction with CNBC-TV18, Laurence Balanco of CLSA projected the Nifty to fall another 1,000 points from current levels in the next 20 trading sessions. -Wednesday's high of 24,604, becomes the first level for the Nifty to cross during Thursday's trading session, which will also be the weekly options expiry day. The day's low of 24,378, which also happens to be the opening level and from where the index bounced, will be key to watch on the downside. -Stocks to track: HUL, AU Small Finance Bank, United Spirits, VIP Industries, Birla Corp, Pidilite, Piramal Pharma, Sona BLW -Earnings: ACC, Colgate-Palmolive, CSB Bank, Cyient, DCB Bank, Dixon Technologies, Godrej Consumer, IEX, IndusInd Bank, ITC, Laurus Labs, MGL, Nippon Life, Oracle Financial, Petronet LNG, PNB Housing, Westlife Foodworld -GIFT Nifty was trading flat this morning vs Nifty Futures Wednesday's close, indicating a muted-to-positive start for the Indian market. –In terms of global cues, equities in Asia fell while the yen stabilized along with Treasuries after a selloff on Wednesday as traders scaled back bets on US interest-rate cuts. Japanese, South Korean and Australian shares as well as stock futures for Hong Kong all dropped Thursday following a 0.9% decline for the S&P 500 on Wednesday. The yen edged higher after touching the weakest level against the greenback since July.  -Back in the US, big tech climbed in late hours as Tesla kicked off the “Magnificent Seven” earnings season with better-than-estimated results. The carmaker jumped 8% after reporting adjusted earnings above the average analyst estimate. The firm also said it expects to achieve slight growth in vehicle deliveries for the full year. -In commodities, oil rose after retreating on Wednesday, as traders assessed tensions in the Middle East and the outlook for market balances heading into 2025. Gold edged higher following its biggest daily drop in 11 weeks. Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast, here are top news from around the world ahead of the trading session of October 23 -While Monday's session brought volatility along with it, Tuesday was a one-way drop for the Nifty and the market overall as every crucial level was violated and every small bounce intraday was sold into. A close below the important level of 24,500 will also not please the bulls. ICICI Bank was the only index constituent that ended with some sort of gains. -The two-day fall has led to a cumulative erosion of ₹13.7 lakh crore worth of investor wealth. The Smallcap index, which had been rather resilient amidst the Midcap fall, declined 4% in a single session on Tuesday. Barring Dr. Lal Pathlabs, every single stock on the Smallcap index ended lower. -Today is the day of the Nifty Bank weekly expiry. -Stocks to watch: Bajaj Finance, Amber Enterprises, Can Fin Homes, ICICI Prudential, M&M Finance, Max Financial Services, Persistent Systems, Coforge, Zomato Earning: Hindustan Unilever, Bajaj Finserv, Birlasoft, Craftsman Automation, Godrej Properties, IIFL Finance, Karnataka Bank, Dr. Lal Pathlabs, MAS Financial, Metro Brands, Nuvoco Vistas, Sona BLW, TVS Motor, VIP Industries, Syngene, SBI Life Insurance, United Spirits, Piramal Pharma, Sagar Cements -GIFTNifty traded flat vs Nifty Futures' Tuesday's close, indicating a muted-to-positive start for the Indian market today. -In terms of global cues, Asian shares struggled for direction in early trade this morning, reflecting subdued risk appetite as traders mulled the prospect of less aggressive Federal Reserve interest rate cuts. Stocks moved between losses and gains in Japan and South Korea, with those in Australia modestly higher. Futures pointed to gains in Hong Kong. US contracts were flat after the S&P 500 closed little changed. Treasury 10-year yields hovered near 4.2% after topping that level for the first time since July. -Overnight in the U.S., the S&P 500 and the Dow Jones Industrial Average ended Tuesday marginally lower, both posting a second straight day of losses. The S&P 500 ended the session lower by 0.05%, and it was the broad market index's first back-to-back loss since early September. The 30-stock Dow slid 0.02%, but the Nasdaq Composite rose 0.18%. -In commodities, oil fell as a US industry group signaled a rise in nationwide crude inventories, and the Biden administration renewed efforts to secure a cease-fire in the Middle East. Gold was little changed after climbing to a fresh record. Tune in to the Marketbuzz Podcast for more news and cues 

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of October 22 -A rebound from lows for the Nifty 50 was short-lived on Monday as despite the best efforts from HDFC Bank and Reliance Industries, the index ended in the red, without any follow-up buying. For the 93 points contributed by the Nifty heavyweights to the upside, there was a team of Kotak Mahindra Bank, Infosys, IndusInd Bank, ICICI Bank and Tata Consumer Products to offset those gains. -Today, shares of Bajaj Housing Finance, 360 One WAM, City Union Bank, HFCL, Jana Small Finance Bank, Mahindra Logistics, Union Bank of India are some of the broader market names that will react to results. -Earnings: Bajaj Finance, Adani Energy Solutions, Adani Green, Amber Enterprises, Can Fin Homes, Chennai Petro, ICICI Prudential, Indus Towers, IIFL Securities, M&M financial, ICICI Securities, Persistent Systems, Coforge, Shoppers Stop, SRF, Varun Beverages, Zensar Technologies, Olectra Greentech, Zomato -GIFT Nifty was trading flat this morning vs Nifty Futures' Monday's close, indicating a muted-to-positive start for Indian market -Other stocks to track: Tata Motors, RVNL -Hyundai Motor India IPO lists today. Its grey market premium has declined to 2%, with shares now trading at a premium of Rs 48 as against the issue price of Rs 1,960.  The IPO of Hyundai Motor India, the Indian arm of South Korean automaker Hyundai, got subscribed 2.37 times on the third day of the bidding last week, helped by institutional buyers. This is the largest IPO in the country, surpassing LIC's initial share sale of Rs 21,000 crore. -Asian equities declined for a second day as Wall Street stocks took a breather after notching their longest weekly rally this year. Bonds tumbled on cooling expectations of Federal Reserve rate cuts. Shares in Australia, Japan, and South Korea all fell, while futures for benchmarks in Hong Kong pointed to losses. That's after equities in the US dropped from nearly overbought levels, following a relentless advance to all-time highs. -Overnight in the US, the S&P 500 fell 0.2% with all of its major groups but technology pushing lower. The Dow Jones Industrial Average slid 0.8%. Nvidia Corp. hit a record high, with the Nasdaq 100 up 0.2% -Oil prices fell this morning, paring the previous day's nearly 2% rise as the top U.S. diplomat renewed efforts to push for a ceasefire in the Middle East, and as slow demand in China, the world's top oil importer, continued to weigh on the market. Brent crude futures for December delivery were down 26 cents, or 0.3%, at $74.03 a barrel. Tune in to Marketbuzz Podcast for more cues

Welcome CNBC-TV18's Marketbuzz Podcast. Here are top news from around the world ahead of the trading session of October 21 -The market recorded its third consecutive weekly loss, marking the longest losing streak of 2024, despite a surge on Friday that helped reduce the decline. A recovery in banking majors during the final session helped pare some losses, with both the Nifty and Sensex closing above 24,860 and 81,220, respectively. -Sector performance was mixed, with banking, financials, and realty posting decent gains, while auto, metals, and FMCG sectors were the top losers. The broader indices reflected a similar trend, as the midcap index lost nearly a percent while smallcap closed slightly positive. -Today, in the absence of any major triggers, market participants will focus on upcoming earnings for direction. Shares of HDFC Bank, Kotak Mahindra Bank, and Tech Mahindra, which reported earnings over the weekend, will be in focus on Monday. -Earnings: UltraTech Cement, Hindustan Unilever, Bajaj Finance, Bajaj Finserv, HUL, SBI Life, ITC, Bharat Electronics, BPCL, HPCL, Coal India, JSW Steel, Shriram Finance, ICICI Bank. -Stocks to watch: Alembic Pharma, HDFC Bank, MCX, Star Cement -On the global front, Asia's benchmark stock index rose this morning, while gold touched a record high as tensions in the Middle East stoked demand for the asset as a haven. Australian stocks climbed, while Japanese equities swung between gains and losses. US futures rose after the S&P 500 notched up a sixth straight weekly increase, its longest winning streak this year following a slew of corporate results and signs the world's largest economy remains robust. -On Friday, US stocks closed their latest winning week with more records. The S&P 500 rose 0.4% to squeak past the all-time high it had set early this week. The Dow Jones Industrial Average added 0.1%, to its own record set the day before, and the Nasdaq composite gained 0.6%. Netflix helped drive the market with a leap of 11.1% after the streaming giant reported stronger profit for the latest quarter than analysts expected. That was despite a slowdown in subscriber growth. -In US earnings this week, Tesla Inc. faces questions on its production targets and regulatory challenges after the unveiling of its much-hyped Cybercab failed to enthuse investors and quell concerns over its recent vehicle sales. -Now, despite the ongoing positivity in the US markets, the Indian markets have been largely unresponsive, a divergence likely to persist due to continued foreign fund outflows. Ajit Mishra of Religare Broking says that any change in the fund flow pattern would also be on the participants' radar. -This morning, the GIFT Nifty was trading flat versus Nifty Futures' Friday's close, indicating a muted-to-negative start for the Indian market. Tune in to Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of October 11 -On a day when every single Indian mourned the demise of Tata Sons' Chairman Emeritus Ratan Tata, Dalal Street only found it appropriate to remain in snooze mode and not have any big fluctuations on the weekly options expiry of the Nifty 50 contracts. The Nifty traded in a 160-point range on Thursday but could not surpass Wednesday's high of 25,234. It closed right at the mark of 25,000. -All eyes for Friday's trading session will be on the reaction that Wall Street has to the CPI data for September, which could potentially determine what will the Fed do in its November policy, after a very strong non-farm payrolls data has completely taken a 50 basis points rate cut off the table. -On the domestic front, TCS will react to its quarterly results, which were a miss on the margin front. Revenues were in-line with expectations but most other parameters were also a marginal miss. Stocks like Anand Rathi Wealth, IREDA and Tata Elxsi will also be reacting to their quarterly results. -Other stocks to track: Den Networks, Mazagon Dock Shipbuilders, Oberoi Realty, Krsnaa Diagnostics, Bandhan Bank, Uno Minda -Shares rose in Asia, sidestepping losses on Wall Street following hotter-than-expected core inflation that heightened the focus on the Federal Reserve's next move. Japanese and South Korean stocks opened higher while those in Australia slipped. US equity futures also edged higher, after the S&P 500 fell 0.2% and the Nasdaq 100 dropped 0.1% Thursday. -US data released Thursday underscored the challenge facing the Fed. Underlying US inflation rose more than forecast in September in a sign of stalling progress in the fight to bring prices to target. Separate data showed applications for US unemployment benefits rose last week to the highest in over a year. -In commodities, oil edged lower, trimming some of its gains from Thursday when West Texas Intermediate futures climbed 3.6% as traders awaited Israel's response to Iran's missile attack. -GIF TNifty was lower this morning trading at discount of nearly 20 pts from Nifty Futures Thursday close, indicating a start in the red for the Indian market. Tune in to Marketbuzz Podcast for more news and cues

-Welcome to CNBC-TV18's Marketbuzz Podcast. Here are the top developments from around the world ahead of the trading session on October 10 -Ratan Tata, the former chairman of the diversified Tata Group and a towering figure in Indian business, passed away at the age of 86 last night. He has left behind a profound legacy of business leadership, global expansion, and a deep commitment to societal betterment, having reportedly donated 60–65% of his income to charitable causes. The state of Maharashtra has announced one day of state mourning. -The Nifty needed follow-up buying post Tuesday's rebound to confirm that a bottom has indeed been made for now. However, that was not to be. For a better part of Wednesday's trading session, the Nifty continued to move higher, carrying on from where it left off on Tuesday, but a swift reversal in the second half not only took the Nifty down from the day's high, but also end the session on a negative note. Reliance Industries and HDFC Bank have been leading the recent sell-off on the index as well. Adding to their underperformance was a sell-off in index FMCG names. ITC, Nestle India, Britannia, most of these names saw selling pressure over worries of them reporting weak results. -Thursday will be a very important trading session for the markets. Nifty will have its weekly options expiry, earnings season begins with TCS reporting results, the US will report its CPI figures for the month of September and other broader market names like Tata Elxsi and IREDA will also be reporting results. -Stocks to watch: Adani Enterprises, Vedanta, Infosys, Patanjali Foods, Britannia, JM Financial, PNC Infratech, Rain Industries, GR Infra, Star Health Insurance, Zee Entertainment -Asian equities rose Thursday after their US peers set a fresh high ahead of inflation data that may define Federal Reserve policy easing in the coming months. Shares in Japan, South Korea, Australia and China all advanced. -Back in the US, the S&P 500 rose 0.7% to a record high on Wednesday, its 44th of the year, with tech shares again propelling the gains. Apple Inc. climbed 1.7%. Nvidia Corp. halted a five-day rally while Tesla Inc. edged lower ahead of the Robotaxi launch. Alphabet Inc. fell 1.5% on news the US is weighing a Google breakup in a historic big-tech antitrust case. -US consumer price data to be released later Thursday is expected to show inflation further moderating, supporting the Fed's anticipated easing in the coming months. Despite this, market pricing indicates the likelihood of another 50 basis point rate cut is all but off the table following last week's strong jobs report. -Oil prices rose in early Asian trade on concerns about potential supply disruptions in the Middle East, with Israel planning to strike oil-producer Iran, and on spikes in fuel demand as a major storm barreled into Florida Brent crude futures were close to $77 a barrel. -GIFT Nifty was trading with a premium of more than 100 points from Nifty Futures' Wednesday close, indicating a gap-up start for the Indian market. Tune in to the podcast for more cues 

Welcome to CNBC-TV18's Marketbuzz Podcast . Here are top news from around the world, ahead of the trading session of October 9 -Hyundai Motor India's IPO details are out: This will be India's largest IPO till date. The company has fixed the price band for its public issue between ₹1,865 to ₹1,960 per equity share. The three-day issue will open for subscription on October 15 and close on October 17, 2024. At the upper end of the price band, the IPO size will be ₹27,870 crore, which will surpass LIC's size of over ₹21,000 crore. The IPO will be a complete Offer For Sale (OFS), where the company's parent will be selling 14.2 crore shares or 17.5% of the total equity. -Yesterday, there was green on the screen, finally, which sustained through the day. Back from Nifty being above 26,000 just two weeks prior, the bulls will see 25,000 on the Nifty as a sigh of relief post Tuesday's close. The benchmark index snapped a six-day losing streak on Tuesday, which led to a loss of nearly ₹27 lakh crore in investor wealth. -Jai Bala of cashthechaos.com believes that the Nifty has a very high probability of testing its Lok Sabha election day low, which is still around 4,000 points from Tuesday's closing levels. -Wednesday will be another important session for the markets as the Reserve Bank of India will announce its Monetary Policy decision and the consensus going around is that while policy will be a "status quo" for the tenth time in a row, there might just be a change in policy stance to "neutral" from "withdrawal of accommodation." -Commentary from the RBI Governor on the road ahead may be a key factor in determining market sentiment in mid-week trading before TCS kickstarts the earnings season on Thursday -Stocks to track: Vedanta, IRFC, Ola Electric, Premier Energies, Tata Technologies, PB Fintech, Bharti Airtel, Torrent Power, IRB Infra, JSW Infra -Chinese shares underperformed the region after investors paused on the rally with Beijing refusing to commit to more economic stimulus. Shares elsewhere in Asia gained. The CSI300 index fell as much as 5%, almost erasing gains of yesterday, while stocks in Hong Kong gained 1.7% after the biggest tumble in 16 years Tuesday. Shares in Australia and Japan climbed Wednesday after a tech rally lifted Wall Street and bets on Federal Reserve rate cuts stabilized. -Overnight on Wall Street, US markets staged a comeback on Tuesday as oil prices eased amidst ongoing tensions in the Middle East. The S&P 500 gained over 1% to close above the mark of 5,750, while the Nasdaq Composite was back above the mark of 18,000, ending with gains of 1.5% courtesy of a rally in chipmakers like Nvidia, which has surged 14% in the last five sessions. The Dow Jones was an underperformer, but ended with gains of over 100 points. -Oil steadied this morning after tumbling the most in more than a year in the previous session on concerns around China's economic outlook, with the market also watching for Israel's response to Iran's missile barrage last week. Brent traded near $77 a barrel after losing 4.6% on Tuesday, while West Texas Intermediate was below $74. -GIFT Nifty was higher this morning trading at a premium of more than 30 pts from Nifty Futures Tuesday close, indicating a start in the green for the Indian market Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top news from around the world ahead of the trading session of October 8 -The counting of votes for Haryana and Jammu and Kashmir assembly polls will be done today. Political parties and leaders wait with bated breath for the Haryana Assembly poll results, with the ruling BJP confident of retaining power for a third term, and the Congress, which is out of power for 10 years, more than hopeful of making a comeback. Meanwhile, in Jammu and Kashmir, this is the first election since the abrogation of Article 370 in 2019. So, it's a pivotal moment for the Union Territory as it awaits its first elected government in five years. -On October 7, was another day of Nifty opening higher and the recovery getting sold into. The Nifty broke more key levels on the downside in Monday's session, carrying on from where it left off on Friday. -HDFC Bank continued to lead the losses in Monday's session as well. The stock is also down six days in a row and has lost over ₹1 lakh crore in market capitalisation during this period. HDFC Bank shares had seen a brief recovery towards the close of trade but yet again that was swiftly sold into. -Stocks in focus: HDFC Bank, Godrej Consumer Products, Mahanagar Gas, Nykaa, Bharat Electronics, Sobha, MOIL, Hi-Tech Pipes, HEG -The GIFT Nifty was lower this morning trading at a discount of more than 100 pts from Nifty Futures Monday close, indicating a gap-down start for the Indian market. -Chinese stocks listed in the mainland jumped this morning as trading resumed following a week-long holiday, with encouraging home sales and consumption data giving fresh impetus to a rally sparked by Beijing's stimulus blitz. Shares dropped in Japan, South Korea and Hong Kong after Wall Street was dragged down by a tech selloff, geopolitical angst and bets on a smaller Federal Reserve rate cut. -Overnight, the S&P 500 fell 1% on Monday after notching a four-week winning run. Alphabet Inc. sank 2.4% as a judge ruled it must lift restrictions that prevent developers from setting up rival marketplaces that compete with its Google Play Store. -Brent crude has jumped above $80 a barrel amid mounting tensions in the Middle East. In the wake of Friday's solid jobs data, Treasuries continued to drop — with the 10-year yield topping 4%. Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of October 7 -The Nifty 50 on Friday did huff and puff its way to somehow close above 25,000, it could not avoid registering its worst week of 2024, a week that saw ₹17 lakh crore erosion in the overall market capitalisation of BSE-listed companies. The trio of HDFC Bank, ICICI Bank and Reliance Industries contributed to over 40% of the sell-off seen on the Nifty during Friday's session, although FMCG stocks were the ones that triggered the move downwards during the final trading day of the week. -The upcoming week promises no respite either. The tensions between Iran and Israel continue to remain an overhang as there has been no positive development on that front. This will also have an impact on the Reserve Bank of India's policy decision on Wednesday. -While a majority of CNBC-TV18's Citizen's MPC believes that the RBI should not cut rates, they believe that there should be a change in the central bank's stance to "neutral." -Earnings season begins in the second half of the upcoming week with TCS kickstarting proceedings on Thursday, October 10, along with other broader market names like Tata Elxsi, IREDA and others. -The Nifty bulls may look for some respite on Monday considering the oversold setups and a positive handover from Wall Street post the non-farm payrolls data. -Stocks to watch: Titan, IndusInd Bank, Federal Bank, Macrotech Developers, Godrej Properties, Adani Wilmar, Metropolis Healthcare, RBL Bank, L&T Finance, GAIL, Gravita India, MTNL, Landmark Cars -Asian stocks rose this morning after stronger-than-expected US payroll data underscored the health of the world's largest economy and boosted optimism over a soft landing. Equity benchmarks in Australia, South Korea and Japan all gained after the S&P 500 and Treasury yields rose on Friday as traders trimmed bets on Federal Reserve interest-rate cuts. US 10-year yields climbed a further one basis point Monday, nearing the key 4% threshold. -Over in the U.S, stocks advanced on Friday after a stronger-than-expected jobs report gave investors confidence around the health of the economy. Data showed nonfarm payrolls grew by 254,000 jobs in September, far outpacing the forecasted gain of 150,000 from economists polled by Dow Jones.  The S&P 500 rose 0.9%, while the Nasdaq Composite jumped 1.22%. The Dow Jones Industrial Average added 0.81% to notch an all-time closing high of 42,352.75. -Oil drifted lower as traders weighed Israel's potential retaliation against Iran for a missile attack last week, with President Joe Biden discouraging a strike on Tehran's crude fields. -The GIFT Nifty was trading higher, at a premium of over 80 pts from Nifty Futures Friday close, indicating a gap-up start for the Indian market. Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of today's trading session -Thursday resulted in a sixth straight day of gains for the Nifty and this six-day winning streak itself has resulted in gains of over 800 points for the index, powered by the index heavyweights HDFC Bank and ICICI Bank. The Nifty Bank has been a key catalyst in this surge that the Nifty has seen going into a fresh series. -Auto stocks led by Maruti powered the Nifty ahead during Thursday's trading session. India's largest passenger car manufacturer now has a market capitalisation of well over ₹4 lakh crore. The other bits of gains came from Metal stocks, which continued to rally on hopes of further stimulus being injected in China. -Friday's trading session will see the Nifty index rejig taking place post closing and Trent and Bharat Electronics (BEL) will become part of the Nifty 50, replacing LTIMindtree and Divis Laboratories. There will also be rejig in the Nifty Bank and the Nifty 500, and an increase and decline in weightage in a lot of stocks. - GIFT Nifty was trading with a premium of 45 points from Nifty Futures' Thursday close, indicating a start in the Green for the Indian market. Stocks in focus: IT stocks, Prataap Snacks, Biocon, Nuvama Wealth Management, KEC International, Thangamayil Jewellers, Adani Green Energy, RailTel, RITES, Indian Bank, NTPC Green -Stocks in Asia extended gains as risk appetite across financial markets got a further boost from China's latest stimulus measures and upbeat US momentum. Equities in Australia advanced, while China's benchmark CSI 300 Index is set for its biggest weekly gain in almost a decade after officials pledged to increase fiscal support and stabilize the property sector to revive growth. -Overnight, in the US, revised data showed the US economy in better shape than initially expected, spurred mainly by bigger consumer-driven growth fueled by robust incomes. A decline in US jobless claims underscored the resilience of the labor market. But investors tuning into commentary from Fed Chair Jerome Powell on Thursday didn't get any details on the economic outlook or path for monetary policy. -Thursday's Wall Street trading session ended on a strong note, with the three major averages posting gains and the S&P 500 closing at a fresh record for the third time this week. The Nasdaq Composite also notched four straight winning days. -In commodities, oil slid further as Saudi Arabia was reportedly committed to increasing output in December, while Libya named its new central bank governor, opening the way to reviving some crude production. Copper rallied back above $10,000 a ton and iron ore broke through $100 while gold hit yet another record high on Thursday. Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of September 26 -It seems the Nifty 50 is currently in a not-ready-to-go-down mode. The most minor dip gets bought into swiftly and the index continues to scale new peaks. Wednesday's session was no different and 26,032 is now the new record high for the Nifty and it remains to be seen for how long will that stay. -It was a surge in the index heavyweights in the final few minutes of the trading session that took the Nifty to a new peak. HDFC Bank, Reliance Industries, Axis Bank, ICICI Bank, all of them saw a spurt during the final half hour, propelling the index higher. The monthly expiry of the Nifty Bank also had a role to play. -Thursday is the monthly expiry of the Nifty and the index has gained over 850 points so far this series. This will be the fourth consecutive F&O Series that the Nifty ends with gains, having gained over 300 points in August as well. -Gift Nifty was little changed this morning indicating a muted start for the Indian market this morning. -Stocks to focus: Vedanta, PB Fintech, Five-Star Business Finance, Adani Group, ASK Automotive, SpiceJet, IDFC -Asian equities rallied this morning as fresh signs of vigor in technology stocks spread across Asia. Currencies pared sharp moves from the prior day that supported the dollar over the yen. Equity benchmarks in the tech-heavy markets of Japan and South Korea advanced. -Chinese equities fluctuated in opening trade. The Golden Dragon index of US-listed Chinese stocks fell on Wednesday, which may be an early sign of fatigue for the stimulus-driven rally in Chinese stocks this week. -The Dow Jones and S&P 500 retreated from their respective record highs on Wednesday as some selling pressure emerged at higher levels for the two Wall Street benchmarks. The S&P 500 fell 0.2%, while the Dow Jones shed 0.7% or nearly 300 points during the trading session to end below the mark of 42,000. The Dow also snapped a four-day winning streak in the process. However, the Nasdaq just managed to end above the flat line. -In commodities, oil was steady after plunging in the previous trading session. West Texas Intermediate, the US oil price, slipped more than 2% on Wednesday to settle below $70 a barrel. Elsewhere, gold traded steady near an all-time high as the weak US data bolstered the case for deeper interest rate cuts. Tune in to Marketbuzz Podcast for more cues

-Welcome to CNBC-TV18's Marketbuzz Podcast. Here aretop developments from around the world ahead of the trading session of September 25 -The Nifty 50 crossed the 26,000 mark on September 24. However, technical factors, along with the Nifty Financial Services expiry, took the index back to levels at which it closed on Monday. Nonetheless, 26,011 becomes the new record high for the Nifty, which has now gained over 1,000 points in the last nine trading sessions, starting September 11. -While the focus remained on the Nifty, there was plenty of stock-specific activity within the broader markets with the Midcap index clinging on to some gains but the smallcap index ended with losses of over half a percent. Stocks like AstraZeneca and IEX moved on their respective newsflow, while names like SH Kelkar and Arvind Smartspaces surged on positive brokerage commentary. -This morning the GIFT Nifty was trading with a discount of nearly 20 points from Nifty Futures' Tuesday close, indicating a start in the red for the Indian market. Wednesday will also be the monthly expiry of the Nifty Bank index and that has been the index to watch out for over the last few trading sessions. -With the Nifty having moved the way it has, with domestic triggers still a week away from emerging and a landmark and a major event out of the way, the question now emerges whether it will be prudent to book profits at current levels and then wait for earnings to shape up starting the second week of October. By next week, companies will already begin sharing their quarterly business updates and that becomes the next major trigger for the markets. -Stocks to track: Easy Trip Planners, real estate stocks, Delta Corp, KEC International, MCX, PC Jewellers, Gillette India, Zee Entertainment, Hindustan Foods, HDFC Life -SEBI has cleared the IPO papers for Hyundai Motor India Ltd. As per a Moneycontrol report, Swiggy has also received the nod from market regulator post its confidential filing of draft papers to launch a widely anticipated initial public offer. -Asian shares gained for a fifth day as a rally sparked by support measures from Beijing continued, while US stocks set fresh highs. Equity benchmarks rose in South Korea and Australia, while those for Japan slipped after the yen strengthened against the dollar in the prior two sessions. -Overnight on Wall Street, US markets continued to shrug off weak economic data to post yet another day of record highs. The Dow Jones gained 0.2% or just over 80 points, while the S&P 500 advanced 0.25%. Both indices hit all-time highs intraday and also closed at record levels. The Nasdaq too, surged 0.6% but is still 600 points away from its own record high levels. -In terms of commodities, oil steadied after its biggest advance in more than a week, as traders tracked developments in the Middle East and the impact on demand of China's stimulus measures. Gold hit a record trading above $2,662 an ounce. Tune in to the Marketbuzz Podcast for more cues 

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are all the important updates ahead of the trading session of September 24 -The Nifty is now only 70 points away from the mark of 26,000. In case that does happen today, it would have taken the Nifty 38 trading sessions to get to 26,000 from the day it first scaled 25,000 on August 1. -Beaten down sectors in recent times like the PSU Bank index turned out to be the top performer during Monday's trading session. The index saw its biggest single-day gain since June 3, which also saw the index make a near-term top. Barring IT, most of the other sectoral indices had a field day on Monday, including real estate and auto stocks. Some PSU names also saw a rebound, except for defence PSUs, which saw continued selling pressure. -This morning, GIFTNifty was trading with a premium of more than 80 points from Nifty Futures' Monday close, indicating a gap-up start for the Indian market. -Today is also the weekly expiry for the Nifty Financial Services index, which will keep the banking stocks in focus. -Stocks to track: Reliance Power, Punjab National Bank, NTPC, Firstsource, GR Infraprojects, BGR Energy, AstraZeneca Pharma, Power Grid -Asian stocks rose as China's central bank lowered key rates in the latest attempt to shore up the economy and financial markets. Equity benchmarks in Japan jumped more than 1% while those in South Korea climbed. Futures for the FTSE China A50 Index jumped as much as 2%. The yield on China's 10-year government bond declined to 2% for the first time on record.  -The People's Bank of China announced a sweep of support for the economy, cutting its key short-term interest rate, and lowering the mortgage rate for existing housing loans. -US data released Monday showed business activity expanded at a slightly slower pace in early September, while expectations deteriorated and a gauge of prices received climbed to a six-month high, stoking confidence the world's largest economy can nail a soft landing. Investors are now awaiting data on the Fed's preferred price metric and US personal spending later this week -Overnight on Wall Street, the S&P 500 climbed to a fresh closing high as traders looked to build on last week's gains following the Federal Reserve's interest rate cut.The broad market index added 0.28%, while the Dow Jones Industrial Average gained 0.15%. Both indexes closed at records. The Nasdaq Composite ticked up 0.14%. -In terms of commodities, gold rose to fresh all-time high as traders digested data and remarks from policymakers. Oil edged higher in early trading Tuesday after Israel launched airstrikes on targets across southern Lebanon, killing nearly 500 people and fanning fears of all-out war. -Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co, talked to CNBC-Tv18 about the shifting dynamics in global trade and national security, particularly concerning the United States' reliance on China. He, however, feels  that India is poised to take advantage of US-China tensions. Dimon is also of the view that there is "plenty of room" for interest rates to decline in the US. Tune in to the Marketbuzz Podcast for more cues

What has happened to Jesus' mission?We live in an age when many do not know Jesus, nor do they wish to know him.Indeed, according to the last census in 2021, around 40 per cent of all Australians indicated that they had “no religion”.But after Jesus was resurrected, John reports in his Gospel that Jesus appeared to his disciples in a locked room and said to them, “Peace be with you. As the Father has sent me, even so I am sending you.”The mission of Jesus is not done yet. Furthermore, we all have a part to play in it.In this episode of the Moore College podcast, in a chapel service held on Friday 16 August 2024, Kanishka Raffel, Archbishop of the Sydney Anglican Diocese, speaks about Jesus' mission—our mission—from John chapter 20 verses 19-23.He outlines the work of Jesus' mission that has been handed down to us and outlines four unique and universal gifts that Jesus has provided us to help us in this work.For more audio resources or to make a donation to support the work of Moore College, visit the Moore College website.

In this five-part mini-series, Ann is talking to five artists who were selected to be included in an exhibition called 5X5, that was part of Print Austin's winter festival this year in 2024. The juror of the show is Mysczka Lewis, who is a curator at Tandem Press. Next up is Teresa Cole, an artist and printmaker from New Orleans. She has taught at Tulane University for nearly thirty years.   Teresa's interest in the humanness of pattern has been a throughline in her work and she incorporates different cultures' methods of patternmaking and storytelling in beautiful installations. In their conversation, they talk about orizome (a Japanese method of folding and dyeing paper), commissioning printed fabric for saris in India, printing on aluminum mesh, and Tulane's tuition-free master's program.   Platemark website Sign-up for Platemark emails Leave a 5-star review Support the show Get your Platemark merch Check out Platemark on Instagram Join our Platemark group on Facebook Teresa Cole (American, born 1961). Exchange. Installation shot of printed stainless steel and aluminum cylinders. Freeman School of Business, Tulane University, New Orleans. Photo: Neil Alexander. Teresa Cole (American, born 1961). Exchange. Pre-installation shot of printed stainless steel and aluminum cylinders. Freeman School of Business, Tulane University, New Orleans. Teresa Cole (American, born 1961). Cosmati, 2021. Hand-cut Washi. 26 x 18 in. Courtesy of the Artist. Teresa Cole (American, born 1961). Tessellation Entanglement, 2021. Screenprinted porcelain. 4 x 8 feet. Courtesy of the Artist. Teresa Cole (American, born 1961). Redeem, 2023. Puff paint screenprinted on digital velvet. Installation view at WhiteSpace Gallery, January–February 2023. Teresa Cole (American, born 1961). Bee Pattern, 2014. Screenprint. 25 x 16 in. Courtesy of the Artist. Teresa Cole (American, born 1961). Infusion, 2017. Dyed relief printed Washi with bamboo. 48 x 117 in. Courtesy of the Artist. Teresa Cole (American, born 1961). Saturate 2.0, 2017. Dyed relief printed Washi with bamboo. Courtesy of the Artist. Printing fabric at Kanishka, India. Hand-carved printing blocks carved for the artist at Kanishka, India. Teresa Cole (American, born 1961). Seep, 2015. Process shot. Courtesy of the Artist. Teresa Cole (American, born 1961). Seep, 2015. Relief printed and dyed Japanese paper with bamboo sticks. Installation at Artfields. Courtesy of the Artist. Teresa Cole (American, born 1961). Seep, 2015 (left). Relief printed and dyed Japanese paper with bamboo sticks. Installation at Callan Contemporary, 2025. Courtesy of the Artist. Teresa Cole (American, born 1961). Tangled Conquest, 2015. Relief printed on folded and dyed paper with sumi and walnut. 65 x 77 x 25 in. Courtesy of the Artist.

When the San Francisco Chronicle recently compiled a list of the 20 most influential people working mostly behind the scenes in San Francisco, Kanishka Cheng was first on the list. She co-founded and heads the group TogetherSF Action and its sister organization TogetherSF. Like similar groups recently created in the city, TogetherSF wants to push city policy from the left toward the middle. Cheng joins Scott to talk about their priorities, tactics and potential conflicts of interest. Learn more about your ad choices. Visit megaphone.fm/adchoices