Episode 1154
1154: Marketbuzz Podcast with Vivek Iyer: Sensex, Nifty 50 to open higher, all eyes on Fed policy
December 13, 20232m 22s
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Show Notes
Nifty 50 and Sensex are set to open higher on December 13 as the focus turns to the US Federal Reserve's policy decision, while domestic and US, data re-ignited inflation concerns and elevated bets of delay in rate cuts.
India's GIFT Nifty was down 0.02% from its overnight close at 21,067, as of 8:15 am, indicating that the Nifty 50 will open higher than its Tuesday closing level of 20,906.40.
In the overnight session, US markets saw the fourth session of gains. Crude prices, meanwhile, saw significant cuts with Brent futures hovering around $73 a barrel mark.
Meanwhile, back home, the domestic market gradually corrected throughout the previous trading session. Today, the primary market will see two IPOs, both looking to raise close to Rs1200 crore – IndiaShelter Finance and Doms Industries.
Tune in to Marketbuzz Podcast for more cues
India's GIFT Nifty was down 0.02% from its overnight close at 21,067, as of 8:15 am, indicating that the Nifty 50 will open higher than its Tuesday closing level of 20,906.40.
In the overnight session, US markets saw the fourth session of gains. Crude prices, meanwhile, saw significant cuts with Brent futures hovering around $73 a barrel mark.
Meanwhile, back home, the domestic market gradually corrected throughout the previous trading session. Today, the primary market will see two IPOs, both looking to raise close to Rs1200 crore – IndiaShelter Finance and Doms Industries.
Tune in to Marketbuzz Podcast for more cues