Marketbuzz Podcast with Ekta Batra: Nifty 50 looks to hold 19,700, HDFC Bank, Jio Financial in focus
Episode 1118, Oct 17, 2023, 03:08 AM
Indian benchmark indices — Sensex and Nifty 50 — are likely to start the trading session of October 17 in green with HDFC Bank and Jio Financial in focus a day after the companies reported their September quarter earnings.
In the previous session on October 16, the markets ended flat after a range-bound session and the Nifty 50 held on to 19,700. The Nifty bank slipped around 52 points but the broader markets did better with the mid-cap index rising around 70 points.
It was a record closing low for the rupee in the previous trading session.
Meanwhile, Brent crude has stabilised at around $89 per barrel and the Street is tracking the near-term impact of the Israel-Hamas war and the Venezuela deal on crude prices.
In the overnight session on Wall Street, US markets closed higher. Bank of America and Goldman Sachs are due to release their numbers in the session later in the day.
Asian equities were trading largely higher in morning trade and the GIFT Nifty indicated a positive start for the domestic Indian market.
Stocks to watch: HDFC Bank, Bajaj Finance, Happiest Minds, LTTS
Tune in to the Marketbuzz Podcast for more news and cues ahead of the session
In the previous session on October 16, the markets ended flat after a range-bound session and the Nifty 50 held on to 19,700. The Nifty bank slipped around 52 points but the broader markets did better with the mid-cap index rising around 70 points.
It was a record closing low for the rupee in the previous trading session.
Meanwhile, Brent crude has stabilised at around $89 per barrel and the Street is tracking the near-term impact of the Israel-Hamas war and the Venezuela deal on crude prices.
In the overnight session on Wall Street, US markets closed higher. Bank of America and Goldman Sachs are due to release their numbers in the session later in the day.
Asian equities were trading largely higher in morning trade and the GIFT Nifty indicated a positive start for the domestic Indian market.
Stocks to watch: HDFC Bank, Bajaj Finance, Happiest Minds, LTTS
Tune in to the Marketbuzz Podcast for more news and cues ahead of the session