Oil Prices, Nifty January Seasonality, Global News & More | Market Cafe

Market Cafe: Oil Prices, Nifty January Seasonality, Global News & More. BoJ Policy Stance. BoJ’s Ueda Signals Chance Of Policy Meet. War Far From Over: Israeli Prime Minister. Israeli Forces Bomb Across The Gaza Strip. More Than 20,600 Palestinian Killed Since October 07. End The Gaza War, Free Hostages says Pope Francis. Watch the Market Cafe show on ET Now.

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Hi there good morning you’re watching Market Cafe on ET now with me Nisha and with me is Shanti Singh and well we’re making marry in the studio Shanti wishing all our viewers Merry Christmas and very shortly we’ll be ringing in the new year Well Shanti I am very excited

About the new year and I hope you are too as well right absolutely we’ve seen so much volatility this year so let’s hope for the market we can see some stability coming in for the new year and well with that let’s kick start the show then yours once again wishing all our

Viewers a very merry Christmas with that shansi take us to what oil has been doing oil has been seeing well a lot of action when when we talk about the howy attacks in the Red Sea and you know all of that is affecting oil prices so tell us in detail what’s happening absolutely

So Santa’s tinge of red was definitely seen on uh you know in the oil markets and uh if you look at oil prices they East on Friday ahead of the long Christmas Christmas holiday weekend on expectations that Angola could increase output after leaving OPEC but Rose for

The week on positive US economic news as well as worries that houti ship attacks would boost Supply costs now both benchmarks were up about 3% for the week after gaining less than 1% last week and in the Middle East more Maritime carriers said that they were avoiding

The Red Sea due to attacks on vessels carried out by Iranian B huti militant crewp which says it is responding to Israel’s war in Gaza now the attacks have caused disruptions through the Swiss Canal which handles about 12% of World Trade in Africa also uh you did have Angola’s decision to leave the

Organization of petroleum exporting company uh countries plus allies opening up the way for Beijing to increase investment in the countes oil and other sectors so the country of course produces about 1.1 million barrels per day of oil and in Iraq you did have the oil Ministry spokesman Asim Jihad

Affirming that Iraq support uh for the OPEC plus agreement as well as it it its commitment rather to voluntary oil cards so that is largely the move coming in for oil prices well absolutely and let’s talk about oil and let’s keep it with those shipping companies and let’s talk

About mask because shipping giant mask the second biggest shipping company in the world is preparing to resume operations in the Red Sea and the Gulf of Aden that’s the word we’re getting in the company is citing deployment of a us-led military operation designed to ensure safety of Commerce in that

Region well absolutely and when you look at the events to look out for on December 29th you’ve got the Q3 Bop current account November fiscal deficit uh as well as monthly and weekly expiry of course now in terms of uh other Global cues for December 27th you do

Have the US initial joob claims data and in in terms of qes coming out of China on December 27th there is industrial profits on December 29th there’s Q3 Bop current account data coming in now in terms of corporate action of course you’ve got on December 26th vidanta and

It’s the last dat to be eligible for interim dividend for that particular counter so that will remain in focus and so will adani green on that day to because they’d be considering a proposal for fundraise so on account of that that particular counter will remain in focus

In terms of Lo in Period ending you’ve got a host of counters so you’ve got signature Global size silks as well as yatra online so all of these counters on account of lock in Period ending will be in the spotlight now on when you look at the counters that are considering

Fundrais on December 27th you do have South Indian bank and you have ug gr Capital so those two counters will remain in focus and so will um G GSW infra as well as Manoj web of gems after uh you know that lock in Period ends for

Them gandha Royal as well in terms of other corporate action on December 28th you do have peso digital their Ming a fundraise and Canin homes of course the last day to buy to be eligible for dividend for that particular counter so that will remain in Focus now in terms

Of lockin period ending on December 28th you’ve got fed Bank Financial flare writing and updator services on December 29th so all of those counters will remain in the spotlight mut micro Finance moti Sun Jewelers Sur estate developers will be listing on December 26th so those counters will remain in

Focus and in terms of IPO action of course you have Innova captap it’s the last day to subscribe to the IPO uh on that particular day that will also remain in Focus now when you look at happy forgings or RBZ Jewelers as well as Credo Bank Credo brands that

Particular counter will be listing on December 27th with all of those other two counters so these three counters will be remaining in Focus there’s a host of primary Market action that we’ve seen in the week gone by and we do hope we we’re going to be seeing all of that

Primary action in this week as well and on December 28th in that light you do have listing of Azad engineering so do keep an eye on that one as well well my that’s a long list of cues to watch out for this week I believe we’re in the sluggish period between

Christmas and New Year but nonetheless lots of cues to watch out for so keep an eye out of all all all of the skes as well moving on then let’s look at some macro news and Bank of Japan Governor kazio era said that the central bank will be likely considering changing

Policy stance if prospects of sustainability achieving its 2% Target increase sufficiently he also adds that the economic situation across the world the policy change is yet to be decided and the war against Gaza is far from over and this is the reiteration coming from uh Israeli PM Benjamin Netanyahu dismissing all media

Speculations around the Hal meanwhile according to the Gaza Health Ministry about 250 Palestinians have been killed and 500 injured in the past 24 hours number of trucks carrying Aid into Gaza still not enough to meet the humanitarian needs of the people well staying with the Israel Gaza

War on the occasion of Christmas Pope Francis has gone ahead and called for the end of the war in Gaza while also for more Aid into the region to solve a desperate humanitarian situation in his traditional Christmas message to the people he also asked for the freedom of hostages held by Hamas hi there welcome back and thanks so much for staying tun to Market Cafe this is ET now let’s take stock of the of the Asian Pacific markets while they were subdued on Tuesday that’s today morning with Japan opening flat but still set set to wrap up the year as one

Of the Region’s top performers now the Nik 225 that’s the index we’re talking about was set to end the year with gains of over 27% making it one of Asia’s top gainers in 2024 on your screen you can see nik nik is very marginally in the

Red not doing much as flat as it can be as we speak now shifting Focus then several markets including Australia New Zealand and Hong Kong are shot on account of Boxing Day mind you they were shot yesterday as well on account of Christmas so the r that you are seeing

Are from last week Cosby however Cosby is active in trade as we speak and is down 1/1 of a% not doing much well so those um that’s the moves coming in on the Asian market this morning hangang also from a previous day down 1.7% but on the account of Boxing Day hang is

Shut today on that note let’s also take stock of how the Indian markets have performed and well when we closed on Friday we closed just below the 21 350 Mark implied open showing 21400 22 so well we can hope for a good day in trade today but let’s see how that pans out

For us this morning absolutely and let’s also switch Focus to what’s on seb’s agenda in 2024 now the market regulator has indicated that major reforms in the financial Market are likely in this report EA’s anle Mishra talks about important regulatory changes sebi is likely to take in the year 2024 take a

Look if 2023 was the year of Chang is with reduction in IPO listing timeline to 3 days t+1 settlement 2024 is going to take a giant leap in terms of Market regulations and the regulator has planned the biggest of all changes in terms of instantaneous settlement which will allow trade as

Well as settlement in just one click or one touch on your mobile instantaneous settlement of Trades is going to be the biggest reform of the SE sector in 2024 sebi chairperson madb Puri bu has said that instantaneous settlement is possible within a year of t+ 0 implementation this means trades will be

Settled on the same day by March 2024 as of now the settlement of trade happens on a t+1 basis not only instantaneous settlement but Market regulator is also keen on flexibility safety and choice of investors and hence into 2024 you will see esba like facility for secondary market and also

Dmat Nomine changes which will come into effect esbal like facility is likely to be implemented for the secondary Market currently it is available only for primary markets it will safeguard investor assets from misuse by Brokers default and consequent risk to their Capital also from 1st of January Nomine in dmat accounts is

Mandatory all dmat accounts will have to furnish nomination or opt out of nomination by January 1st 2024 otherwise their account will be blocked for trading in 2024 Market regulator may also take measures to regulate influencers appoint more financial intermediaries and make amendments in D listing norms

Hi there welcome back and thanks so much for staying tuned to Market Cafe this is ET now now as we head into a new year let’s take stock of how stocks and indices move in the month of January usually my colleague samit is standing by with some interesting data collated

Over the years take it away samit well if you see January has not always been a good month for uh Indian Benchmark indices at least that’s what the seasonality is suggesting us firstly on the stock specific if you see rigar is the only stock that has declined for the last 10 consecutive

Uh calendar years in the month of January and with an average decline of around 11% another stock that is worth mentioning is Engineers India because that stock has declined around nine times out of the last 10 calendar years in the month of January with an average decline of close to

8.5% moving on to the headline indexes if you see the Nifty index has declined nearly seven times seven out of the 10 times in the last 10 uh januaries while the midcap and the small cap which is the broader indices have declined around six times out of the last 10 uh

Januaries now if you see sector wise um Nifty metal has has 80% of the time has a bad uh January around eight times declined uh Nifty realy Pharma PSU Bank index uh indices have declined around seven out of the last 10 uh januaries while when it comes to the Nifty Bank uh

Nifty energy Nifty fmcg and Nifty aut has been around 50 50% uh five times they have declined by five times they have managed to gain while Nifty it index January has always has most likely been a good month for the Nifty it index it has declined only two times while for

The remaining eight times it has managed to report gains uh again some stock specific action that we have seen now these stocks have continuously declined for the last five consecutive januaries that is India Bull’s housing Z entertainment Glen Mark Pharma indust in Bank anywhere average decline has been

Anywhere between 8 to 12% for ab Capital Gujarat pav uh jsw steel and HDFC AMC again the decline has been anywhere between 7 to 8% and then there is a Kanai narac coaching Shipyard and star cement which have reported a decline anywhere between 5 to 7% there’s also

Shipping C which has declined around 7% in the month of January and that has been for the last five consecutive uh years that we have been seeing so keep an eye out for the indices and stock because in just few days we’ll be uh starting a new calendar year absolutely

Swami so we’ll definitely be keeping an eye on all of those counters but let’s switch Focus to India’s first EV company to file for an IPO and Ola electric has filed for an IPO and they’re seeking to raise is about 5,500 CR via fresh ISO my colleague sishi Sharma is standing by

With more details sishi well yes Sola electric IPO is finally through the company has gone ahead and filed the drhp with sebbi where in this IP is going to be a mix of an offs as well as a fresh issue do remember that this is going to be the

First IPO from an auto major to come out in the last 20 years and this is the first IPO being the Pure Play EV company to hit the markets talking about the S here it’s going to be a 5500 CR of fresh issue other than that the promoters and

Investors are also looking to offload some of their stake and this could be as much as 9.5 cor shares when promoter babish agraval will be looking to offload 4.7 cor shares and S spf2 austrich is looking to offload 2.4 cor shares now about the fresh issue of 5500

CR where the company will utilize their money so as we know that the company has a sell manufacturing plant that is upcoming they’re going to be utilizing 1226 CR out of the 5500 CR for the expansion of this plant another 800 cor is what they plan to utilize for the

Repayment of debt of some of their subsidaries 1,600 CR is what the company intends to invest into R&D and 350 CR they will be setting aside for the organic growth initiatives now talking about the financials as we know that electric is one of the leaders in the

Two-wheeler EV segment but when it comes to the Top Line indeed there is a growth but the bottom line is under pressure as the company reported 1472 cres of laws in FY 23 and this number is 267 Cor in q1 FY 24 but the cross margin has seen an improvement

From 5.4% in fy22 this number has seen an improvement to 13.73% other than that if we compare with rest of the pairs since the bottom line is in the red so the EPS is actually negative but all eyes on Ola electric these are the details of the drsv filed at

S all right all eyes will be on Ola electric on the back of that IPO but moving on Big Boy Reliance Industries and Walt Disney have signed a non-binding term sheet marking a go ahead in what will further plan for creating India’s largest media and entertainment business this is of course

According to into an economic Times report the 51 to 49 stock and cash merger in favor of Mukesh Amani lead Reliance is expected to be completed by February even as some say that the company is Keen on completing the deal by January itself Now sources have told

The economic Times that the current plan is to create a subsidiary of reliance’s wcom 18 which will then absorb star India via a stock swap do remember the two sides are also negotiating a plan to inject cash as immediate capital in investment which is expected to be anywhere between 1 to $1 1.5

Billion well let’s also take a look at PTM then and PTM will definitely remain in the spotlight on the back of news that the company has laid off over 1,000 employees citing efforts to cut costs as it realigns its businesses now my colleague sumita ker is joining in on

The phone line with more details right so not such a good news really coming out of patm which is undergoing another restructuring exercise and this is happening across multiple vertical so you have the wealth vertical the payments vertical the insurance vertical as well in fact sources tell ET now that these layoffs

Or uh you know this exercise to reduce cost will very well extend into the next two three months as well this is remember happening amidst an AI boom which is very very significant and important to note remember founder and CEO V shakar Sharma has spoken about

Making PTM and AI first company and a mention of AI justos with these job Cuts is also something that’s mentioned in the statement that we’ve received patm Sayes and I quot we are transforming our operations with AI powered automation to drive efficiency eliminating repetitive tasks and roles to drive efficacy across

Efficiency across growth and costs resulting in a slight reduction in our Workforce in operations and marketing we will be able to save 10 to 15% in employee c as AI has delivered more than expected additionally we constantly evaluate cases of non-performance throughout the year so one strong point

Coming out that is of AI and of course other strong point is about cases of non-performance throughout the year in fact PM goes on to say that they will see a Manpower increase of 15,000 more in the coming year which basically means that more hirings will also take place

And it’ll be focusing on further expansion of payments of its insurance and wealth platforms considering the huge pool of young investors that are now warming up to the idea of investing now uh PM also says that the focus like I said will be on all of these platform

Plus its distribution based business uh model in loan distribution as well to drive scale and of course operating profits this remember is happening after PTM of scaled back from small ticket size Consumer loans after a regulatory clamp down on unsecured loans by RBI and of course it also stated that in an

Analyst meet happened that happened about 10 to 15 days back that the Focus will now be on Big Ticket size personal loans as far as layoffs are concerned well this year youo has been about layoffs on on of course pruning and job Cuts have been really have have made it

To headlines almost every other month they’ve been pervasive across startups on the back of high interest rates and uh this has been a year truly where profitability over growth has R stream well thanks sumita for all of those details PM will be in focus on the back of those layoffs but another stock

That will be in Focus today is poap this is after the stock fell over 5% on Friday this is following searches conducted by the income tax department at nearly 50 locations now according to reports the residences and offices of the top management were also subject to searches the reason behind the conducted

Rates Still Remains unknown meanwhile let’s also take a look at the growth estimates coming in credit rating firm fit ratings expects India’s Ro economic growth to stimulate corporate demand now the report alludes to the resilient performances from India Inc in 2023 counteracting any weaknesses stemming from slowing growth in key

International markets which predicts that increased demand and a reduction in input costs will contribute to enhanc profit margins for corporates in the upcoming fiscal year and the agency also maintains that there’s optimism over India’s position as one of the fastest growing countries projecting GDP growth of 6.5% for fiscal 2024 to

25 well and as we Step Closer towards the New Year 2024 let’s get a sense of what Market gurus like Ramesh Damani Mahesh nandurkar and sales pan think of the PSU sector going ahead listen in I bought all in fact all the defense companies I think some of them are

Extraordinary businesses and they continue to do well and what’s happened is that we’ve gone from importing a lot of the stuff to making the stuff ourself and now we exporting it look at the number of orders that sayany like bat Dynamics is getting or Hindustan Aeronautics is getting extraordinary the

Shift that has taken place so I think if you ask me within the PSU sector where is the leadership I would say it’s in the defense any of the state owned companies appear reasonably attractive on valuations despite uh the recent rally that we have seen um especially

You know on the mining side uh the power Utility side and you know there are few other sub segments which look reasonably interesting uh you know one could argue that you know possibly some of the other PSU names you know on the defense side and some of the other segments are not that

Uh you know cheap anymore uh but yes one segment of the state owned companies still appears you know quite reasonably attractively priced at this point in time in psus also there are certain categories of businesses which still have the right to win those with extremely dominant market share or

Extremely monopolistic kind of U uh business designs which exist right I mean so there there are certainly right to win and certainly there is an opportunity there uh unfortunately or fortunately the way the market behaves is you know everything gets related equally I mean you know it’s now more a

PSU sector rather than a sector with uh this quality of a business or this Roe businesses I think uh select banks in public sector still have material value versus where the market stands and uh that is one space which we find interesting within the whole public sector pack which is there public sector

Banks the growth is still not there and it’s likely to come in the next you know 2 or 3 years well with this we’re timed out on this segment but we’ll see you with more stock specific news on the other Side hi there welcome back now let’s talk about what the fno snapshot looks like for today and for that I’m joined in the studio by my colleague anch an well we continue to scale new highs certain kinks in the way of course but what are the levels that we should

Watching uh be watching out for yes talking about the levels get uh let’s get the chart as well on the screen Nifty seems to be trading back in the upper range of 21,250 to 21,500 level uh let’s see what happened in fno segment in Nifty Futures we saw open interest

Falling by around 9% indicating short covering whereas on option front we are seeing very active call writing at 21,500 uh where Nifty may take resistance remember this is the same level which we saw in the chart as well of 21500 on the upside side while on the

Downside we saw active put rting at 21300 indicating some support around this level 21 25300 let’s have a quick view on Nifty Bank as well index continues to trade within the thick range of around 1,500 points uh within which it has been hovering from last 14 to 15 session this

Range is 46700 to 48200 actually in Nifty Bank Futures we saw open interest declining by 177% indicating long unwinding so here we saw long get covered whereas on index options we are seeing very active call rating at 40 48100 mark indicating resistance around this level remember the upper band of

The chart as well is around this level only at 48100 48200 whereas on downside we saw very active call uh put covering at 47,000 level shifting of focus to what FIS did we saw long getting covered by around 800 900 contracts also shorts getting added by 4,200 contracts so we

Are seeing a pressure on downside by around 5 5,000 contracts due to which the total long position has slipped from 66.6% to 65.5% so internal Market looks a bit cautious and consolidation in the range also we had a long weekend so whether Santa is sleeping or awake only today’s

Session can give us some idea about it well absolutely so only today’s session can give us an idea about it but there’s one more thing that uh we need more clarity on which are the stocks that are likely to remain in Focus according to your list yes so orind the Fara will be

The first stock in focus for today’s reading session as usfda had conducted a pre-approval inspection at the company’s injectable manufacturing facility between December 11th and 22nd the inspection concluded with 10 observation which is a bit of a negative sign for the company apart from this Adan green

Will also be in Focus as company concludes a power purchase agreement for the entire 8,000 megawatt manufacturing linked secci tender the final PPA for the supply is of 1,799 of solar power for a period of 25 years kpch will also been focused as company acquired 13% shareholding an end

Dream AG a cloud-based gaming uh aggregation platform company which is based in Switzerland actually zidus life will also be in focused as usfd had completed a inspection at company’s APS site in Hyderabad with six observation again this is also a bit of a negative sign for the company PNC infra is also

In Focus as company achieves Financial closure for a highway project been implemented through a national highway division of up PWD the bid project cost is around 820 CR lastly Jindal steel and power will been focused as company has entered into anou with rria iset neam related which is a RL for the

Operationalization of rl’s blast furnance so keep an eye on the stocks well thanks on so much for taking us through that a whole host of counters in Focus today but another stock that will be in focus is UPL because because the board has approved a 4,200 CR rights

Issue so what does this mean for the company going ahead my colleague asesa is joining in with all of that aesha over to you well yes so the board of UPL has approved fund raise via rights issue to the tune of about 4,200 crores about 1350 crores will come in Via promoter

Contribution and the balance will be from other public shareholders remember at the end of uh the second quarter management did highlight that they are looking to uh reduce their debt by as much as 500 million Dollar by the end of the fourth quarter fi23 versus last year which translates to about 4,200 crores

And if the go if the company indeed looks to reduce their debt on by the proceeds of the this rights issue then their gross debt could come down by as much as 12% it currently stands at about 35,000 wat crores and it could decline by as much as 12 wat per. uh remember

They also went ahead and reduced their guidance for fi 24 at the end of second quarter where they said that that Revenue growth could be flat in the second quarter fi 24 while eitaa growth could be flat to – 5% in the second quarter and remember the stock has been

An underperformer on a year-to day basis at a time when nifty 50 has risen by as much as 18% UPL is down 19% uh Rising debt levels uh guidance cut by the management for FY 24 are some of the reasons why the stock has underperformed on a year-to DAT basis today of course

On the back of this 4,200 CR rights issue that the company has approved the stock will be in Focus well absolutely so UPL will be in Focus thank you so much for that round up aesha but let’s also take a look at anant Raj and that

One is in the spotlight on the back of their residential as well as commercial segments vakshi is standing by with all of the information on their launches and projects Mamaki good morning take it away well yes anant Raj is going to be in Focus today and that is because uh

The company has come out with some sort of commentary on all of their segments let’s first look at the residential segment now the company has highlighted that the demand has largely outpaced the supply and in fact they have nearly 167 acres of land in the gurugram region and

In fact anantraj estate which is one of their projects uh nearly 1.47 million square ft of projects are expected to be completed by FY 28 as far as the sh estate is concerned the current price is at 2.5 lakh per square yard as against the launch price of 1.75 lakh per square

Yard and in fact this project is also expected to be completed by December 2025 State residences well they believe that premium 4 and 5 bhk Ultra Luxury Apartments 250 units are actually expected to be launched in the first phase and as far as berla Nava is

Concerned which is a 50/50 JV with bla Estates they have highlighted that the development of 764 luxury floors built uh will be built and in fact the township could be launched across four phases now as far as the commercial business is concerned they have highlighted that they do have

A well Diversified commercial portfolio and in fact this portfolio provides stable cash flows to the company last year we’re also focusing on the data centers which is an upcoming business for them uh they’re expecting some strong growth out here they have highlighted that this is a multi- mega opportunity uh Rising data consumption

Coupled with data localization law could fuel rapid demand and in fact the data center capacity overall is expected to grow at a kager of almost 38% uh from fy22 to 26 so largely on the back of these comments that came through fr anantraj keep an eye out on this

Counter right RI thanks so much for taking us through that anantraj we’ll be keeping our eye on that counter today but while you’re with us uh I believe we have some notes coming in from reres this morning so what are the stocks that they’re flagging off for us well yes

Let’s first start off with indiia ma intermesh we have a note coming in from Equus and they have highlighted that the company’s uh long-term growth prospects are quite solid in fact they’re expecting 177% revenue and nearly 22% iida kager from FY 23 to 28 they believe largely this growth will be aided by

Efficiencies in sales as well as economies of scales apart from that investment income Commerce enablement uh could actually provide value creation beyond the core business of the company so given all of these factors uh we have Equus initiating coverage on indiia MAR inter mesh with a long rating apart from

That also watch out for oil and gas we have a note coming in from MK they have highlighted that despite the stock uh strong stock runup the valuations for these counters are quite inexpensive steady production growth does persist for oil India and in fact on the back of

That they have actually maintained a buy rating on OMC and all India but uh key to note that they’ve gone ahead and increased the Target price on both of these counters lastly let’s also focus in on jkumar infra we have a note coming in from clsa they have highlighted that

This stock could be an exp in an inexpensive play on high growth urbanization kex with a foothold in metro rail 2024 should begin well ideally for this company they have a nearly 2 billion order backlog which could benefit the company other than that they’ve also mentioned that the

Company is well placed with a nearly 2 times growth in the top line so given all of those factors jumar in Fry and focus because clsa has maintained its buy rating and significantly hiked its Target price from 385 earlier to 720 rupees per share well absolutely thanks

Faki so we’ll keep an eye on jaykumar infra but all eyes will be on the three IPOs that are set to make a debut on D Street today you’ve got mut micr Finance miti son jeers as well as surage estate developers my colleague sharat is standing by with more details on those

Sharat well yes uh this is the last week of trading in this year and the next four days eight IPO listings would be there and out of which three IPO listings will be coming today of course a strong retail interest is also there as indicated in the gray Market premiums

Mut micro Finance listing today IPO price was 291 rupees per share overall subscription if you look at it it was around roughly 12 times and the gray Market premium is indicating roughly 10 to 15% premium on listing so we can expect a decent type of listing coming

In apart from this motis and jewers would be in Focus IBO price is roughly 55 rupees per share the subscription numbers have been very high almost 173 times and the gray Market premium is indicating more than 100% returns expected on listings and is expected that there would be a strong positive

Listing the third company in Focus would be surj estate developers with the IPO price was coming at 100 3 60 rupees per share when the subscription coming in is almost 17 times now it’s expected that it would be a flattish to mild listing of roughly 0 to 5% when it comes to the

Premiums so overall we can expect two decent or mild listings and a very strong listing coming in from motis and Jers so this is what the entire take is coming in for the three listings today thanks so much for taking us through that we will be keeping our eye

Out on all of these three IPOs hitting D Street today but with that I’m afraid we’re completely timed out on this edition of Market Cafe from Mei my co-anchor shansi and the team that put together thanks so much for watching but stay tuned because the market will take all the Action