Episode 1112
1112: Marketbuzz Podcast with Reema Tendulkar: Nifty 50 rally may be halted amid Israel war, TCS, Titan in focus
October 9, 20233m 59s
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Show Notes
Indian benchmark indices — Sensex and Nifty 50 — are likely to make a gap-down opening on October 9.
Though the trading session of October 6 ended on a positive note, the geopolitical tensions in Israel may halt the two-day rally of Nifty 50.
The Nifty 50 closed above 19,600 in the previous session, half a percent rise. Wall Street in the US too witnessed a solid session following stronger-than-expected jobs data.
Over the weekend, Palestinian group Hamas launched a surprise attack on Israel, and the conflict has dragged down for the third consecutive day.
Following the attack, crude prices have already started rising. Brent crude has risen 4% overnight to above $88 a barrel on the back of the Israel-Hamas skirmish.
The question is, whether this conflict is more localized or if will it broaden out regionally to engulf oil-producing countries like Iran.
If that's the case, it needs to be seen whether net-importing countries like India will also underperform also.
Stocks to Watch: TCS, Titan, MCX, HDFC Bank, Reliance Industries and more
Tune in to the Marketbuzz Podcast for more
Though the trading session of October 6 ended on a positive note, the geopolitical tensions in Israel may halt the two-day rally of Nifty 50.
The Nifty 50 closed above 19,600 in the previous session, half a percent rise. Wall Street in the US too witnessed a solid session following stronger-than-expected jobs data.
Over the weekend, Palestinian group Hamas launched a surprise attack on Israel, and the conflict has dragged down for the third consecutive day.
Following the attack, crude prices have already started rising. Brent crude has risen 4% overnight to above $88 a barrel on the back of the Israel-Hamas skirmish.
The question is, whether this conflict is more localized or if will it broaden out regionally to engulf oil-producing countries like Iran.
If that's the case, it needs to be seen whether net-importing countries like India will also underperform also.
Stocks to Watch: TCS, Titan, MCX, HDFC Bank, Reliance Industries and more
Tune in to the Marketbuzz Podcast for more