1351: Marketbuzz Podcast with Kanishka Sarkar: Market likely to start in green, TCS, Zee Ent shares in focus

-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