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