Marketbuzz Podcast With Hormaz Fatakia: Nifty consolidates but action lies in specific stocks – CNBC TV18

Hello and Welcome to the Marketbuzz Podcast on CNBC-TV18. Lets bring you up to speed with everything you need to be aware of before the day’s trading action.

• Consolidation continues on Dalal Street
• Nifty continues to respect the 300-point range between 24,500 and 24,800
• Nifty remains between its 50-Day Moving Average and 100-DMA
• Stock specific action remains in the broader markets
• All eyes on CPI data from the US and India
• Wall Street also cautious ahead of CPI print later this evening
• PB Fintech gets a “buy” recommendation from HSBC
• Four stocks see their shareholder lock-ins end today
• Goldman Sachs further cuts its price target on Avenue Supermarts
• GIFT Nifty indicating a subdued start for Sensex, Nifty