Marketbuzz Podcast with Vivek Iyer: Sensex, Nifty 50 set for muted start on mixed global cues
Episode 1081, Aug 23, 2023, 03:10 AM
Indian benchmark indices — Sensex and Nifty 50 — are likely headed for a subdued start on August 23 following weak overnight cues from the US and Europe markets. Traders also await the Reserve Bank of India's (RBI) policy meeting minutes and a key global central bankers' gathering.
India's GIFT Nifty on the NSE International Exchange was up 0.24 percent at 19,360.50 at 8:19 am.
The US indices continued a downward trend with banking stocks on Wall Street witnessing weakness as rating cuts continued. The Dow and Jones ended half a percent lower while the tech-heavy NASDAQ index managed to eke out a very minor gain.
Crude oil prices saw a sell-off and the futures ended lower below the $80 a barrel mark. Brent futures went lower by half a percent to the $84 a barrel mark.
Asian shares held tight ranges this morning, as investors awaited results from Nvidia to see if the sector's lofty valuations can withstand a jump in bond yields, while still gloomy factory readings from Japan left sentiment fragile.
In the domestic market yesterday, the benchmark indices were largely flat in a range-bound trading session, ending on a positive note but the action continued in the midcap and small-cap indices. The midcap index hit a fresh record high in yesterday's trading session, clearly indicating the strength in the broader end of the markets.
Meanwhile, TVS Supply Chain IPO is set for its debut today.
Tune in to the Marketbuzz Podcast for more news and cues ahead of today’s session
India's GIFT Nifty on the NSE International Exchange was up 0.24 percent at 19,360.50 at 8:19 am.
The US indices continued a downward trend with banking stocks on Wall Street witnessing weakness as rating cuts continued. The Dow and Jones ended half a percent lower while the tech-heavy NASDAQ index managed to eke out a very minor gain.
Crude oil prices saw a sell-off and the futures ended lower below the $80 a barrel mark. Brent futures went lower by half a percent to the $84 a barrel mark.
Asian shares held tight ranges this morning, as investors awaited results from Nvidia to see if the sector's lofty valuations can withstand a jump in bond yields, while still gloomy factory readings from Japan left sentiment fragile.
In the domestic market yesterday, the benchmark indices were largely flat in a range-bound trading session, ending on a positive note but the action continued in the midcap and small-cap indices. The midcap index hit a fresh record high in yesterday's trading session, clearly indicating the strength in the broader end of the markets.
Meanwhile, TVS Supply Chain IPO is set for its debut today.
Tune in to the Marketbuzz Podcast for more news and cues ahead of today’s session