Marketbuzz Podcast with Reema Tendulkar: Sensex, Nifty 50 likely to open flat, RBI policy decision in focus
Episode 1111, Oct 06, 2023, 03:46 AM
Indian benchmark indices — Sensex and Nifty 50 — are likely to start the trading session of October 6 on a flat note, though it’s a key session to watch Reserve Bank of India (RBI) governor Shaktikanta Das is due to announce the bi-monthly Monetary Policy decision at 10 am.
While the consensus is that RBI shall keep key interest rates and its withdrawal stance unchanged, the central bank governor’s commentary is key to track.
The second factor to watch is the September jobs data of the United States. In the overnight session, all indices ended flat but macro indicators moved a bit to tumble lower.
Crude prices, meanwhile, are below $84.5 per barrel, 2% down compared to the previous day. It's also down 12% at a fresh five week low.
The session of October 6 was a fairly good one for the domestic market, largely steady.
Stocks to watch: Bajaj Finance, PB Fintech, Adani Wilmar, Tata Motors, Godrej Consumer
Tune in to the Marketbuzz Podcast for more news and cues
While the consensus is that RBI shall keep key interest rates and its withdrawal stance unchanged, the central bank governor’s commentary is key to track.
The second factor to watch is the September jobs data of the United States. In the overnight session, all indices ended flat but macro indicators moved a bit to tumble lower.
Crude prices, meanwhile, are below $84.5 per barrel, 2% down compared to the previous day. It's also down 12% at a fresh five week low.
The session of October 6 was a fairly good one for the domestic market, largely steady.
Stocks to watch: Bajaj Finance, PB Fintech, Adani Wilmar, Tata Motors, Godrej Consumer
Tune in to the Marketbuzz Podcast for more news and cues