Episode 1125
1125: Marketbuzz Podcast with Vivek Iyer: Sensex, Nifty 50 likely to open higher, Reliance in focus
October 27, 20232m 21s
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Show Notes
Indian benchmark indices — Sensex and Nifty 50 — are set to open higher on October 27, after logging losses over the last six sessions as US treasury yields retreated following weaker-than-expected inflation data.
India's GIFT Nifty was up 0.42% at 18,991.50 as of 8:11 a.m. IST, more than 100 points above the Nifty 50's Thursday close of 18,857.25.
The Nifty 50 and Sensex have lost nearly 5% each over the last six sessions, settling at near four-month lows on October 26. This week, the Nifty is down 3.51%, on course for the worst week in 16 months.
Asian markets rose in morning trade, with the MSCI Asia ex-Japan index adding 0.8%. Wall Street, meanwhile, equities closed lower overnight on mixed economic data and weak earnings.
Brent crude futures hovered around $88.50 per barrel, after sliding in the previous session. Crude prices have been volatile since the Israel-Hamas clashes began. Brent Crude rose from $84.50 on Oct. 6 to $93 per barrel on October 20, before easing over the last week.
Stocks to watch: Reliance Industries, Cipla, Dr Reddy's Laboratories, Maruti Suzuki India, SBI Life Insurance, Bajaj Finserv.
Tune in to Marketbuzz Podcast for more cues
India's GIFT Nifty was up 0.42% at 18,991.50 as of 8:11 a.m. IST, more than 100 points above the Nifty 50's Thursday close of 18,857.25.
The Nifty 50 and Sensex have lost nearly 5% each over the last six sessions, settling at near four-month lows on October 26. This week, the Nifty is down 3.51%, on course for the worst week in 16 months.
Asian markets rose in morning trade, with the MSCI Asia ex-Japan index adding 0.8%. Wall Street, meanwhile, equities closed lower overnight on mixed economic data and weak earnings.
Brent crude futures hovered around $88.50 per barrel, after sliding in the previous session. Crude prices have been volatile since the Israel-Hamas clashes began. Brent Crude rose from $84.50 on Oct. 6 to $93 per barrel on October 20, before easing over the last week.
Stocks to watch: Reliance Industries, Cipla, Dr Reddy's Laboratories, Maruti Suzuki India, SBI Life Insurance, Bajaj Finserv.
Tune in to Marketbuzz Podcast for more cues