ETMarkets Morning Podcast: What's buzzing on D-Street today?

Multiple global cues are at play in stock markets this morning: The Bank of England's first rate hike in a decade, a new chief for the US Federal Reserve and major tax cut plans unveiled in the US. But none of them matter much to Dalal Street, and domestic indices are most likely to stay their course on Friday, largely consolidating after a big runup.

That’s where we start the day, ladies and gentlemen. This is Saloni Goel, your market jockey, with the breakfast briefing to ready you for the day on Dalal Street with all the news, views and cues.

Wall Street’s Dow industrials climbed to a record high on Thursday while losses in Facebook kept the S&P500 and the Nasdaq in check in overnight trade.

Asian markets edged higher this morning, as investors gave a guarded reception to Republican plans for massive US tax cuts and appointment of a new governor at the Fed.

Nifty futures trading on the Singapore Stock Exchange traded 23 points or 0.22 per cent higher at 10,478 at 6.30 hours on Friday.

Meanwhile, the rupee gave up its initial gains and ended two paise lower at 64.61 against the American currency in a quiet Thursday session after a three-day run. .

In other news, Mahindra Logistics' IPO was oversubscribed nearly eight times on the last day of the sale on Thursday. The issue of New India Assurance was subscribed 1.07 times on Day 2, while Khadim's IPO, which opened on Thursday, saw 14 per cent subscription on the very first day.

In earnings today Edelweiss Financial Services, Godrej Properties, Hindalco, PFC, Punjab National Bank, Shipping Corporation of India, Tata Power, Titan, Torren Pharma, Union Bank and UCO Bank will announce their financial results on Friday for the quarter ended September 30, 2017.
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Before I go, let’s have a look at some of the interesting headlines from ETMarkets print edition.

There is a storm brewing in RBI and a hunt has been launched to track down the men who are suspected to have leaked discussions of a closed-door meeting between deputy governor Viral Acharya and a dozen senior fund managers and bankers, which caused bond prices to dip soon after the meeting on Monday.

Shares of midcap IT companies are in demand after a long time because of better-than-expected earnings and relatively inexpensive valuations that afford room for re-rating upward.

A 20% surge in the Dredging Corp's stock on stake sale buzz has kicked of a rally in several other small PSUs.

That’s it from me for the day. Thank you for listening in. Do enjoy your trading day and make loads of money.

But don’t forget to log on to www.etmarkets.com for continuous updates on every development in the financial markets. Have a good day!