Marketbuzz Podcast with Vivek Iyer: Sensex, Nifty 50 likely to start in green amid mixed global cues
Episode 1094, Sep 11, 2023, 03:12 AM
The Nifty 50 and Sensex, representing the domestic equity market, are poised for a positive start to the trading session on Monday. This optimism comes in the midst of varied trends observed in global markets. Going into today's trading session there are quite a few important queues to keep an eye out for.
For today there are a very mixed set of queues as far as BSE Sensex and Nifty 50 are considered.
While US markets ended Friday's session on a positive note, it's important to note that all of the US indices ended the week on by with cuts. Also, another important queue is the fact that oil prices now are trading near a nine month high. Brent futures have gone ahead and breached the $90 a barrel mark on the upward trend.
So oil prices continue to move higher, indicating a certain amount of worry, however Indian market continued to outperform in the last week.
On Friday, Nifty 50 saw the sixth straight session of gains aided by heavyweights.
In fact, Indian markets managed to outperform other emerging markets and even most developed markets. In last week the important trend was the fact that you actually saw metals PSU stocks, especially the CPSE index, as well as oil and gas stocks continuing to outperform.
Going into today's trading session there are quite a few important queues to keep an eye out for. Number one AMFI would be releasing the monthly data.
Also a company Rishabh Instruments would be listening today, Jupiter hospitals, this particular stock or this particular IPO company has actually been oversubscribed over 64 times on last day.
Furthr TVS supply chain the company that recently listed on its exchanges would be delivering its results today, Asian markets however, indicate a muted opening, but the GIFT NIFTY after adjustments actually indicates a slightly positive start and this will be something that we need to keep an eye out for.
Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session
While US markets ended Friday's session on a positive note, it's important to note that all of the US indices ended the week on by with cuts. Also, another important queue is the fact that oil prices now are trading near a nine month high. Brent futures have gone ahead and breached the $90 a barrel mark on the upward trend.
So oil prices continue to move higher, indicating a certain amount of worry, however Indian market continued to outperform in the last week.
On Friday, Nifty 50 saw the sixth straight session of gains aided by heavyweights.
In fact, Indian markets managed to outperform other emerging markets and even most developed markets. In last week the important trend was the fact that you actually saw metals PSU stocks, especially the CPSE index, as well as oil and gas stocks continuing to outperform.
Going into today's trading session there are quite a few important queues to keep an eye out for. Number one AMFI would be releasing the monthly data.
Also a company Rishabh Instruments would be listening today, Jupiter hospitals, this particular stock or this particular IPO company has actually been oversubscribed over 64 times on last day.
Furthr TVS supply chain the company that recently listed on its exchanges would be delivering its results today, Asian markets however, indicate a muted opening, but the GIFT NIFTY after adjustments actually indicates a slightly positive start and this will be something that we need to keep an eye out for.
Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session