Marketbuzz Podcast with Vivek Iyer: Nifty 50 eyes 19,600, LIC, Eicher Motors in focus
Episode 1136, Nov 13, 2023, 03:30 AM
Indian benchmark indices — Sensex and Nifty 50 — are likely to open the trading session of November 13 in green, a day after Samvat 2080 started on a strong note.
On the day of Diwali Muhurat trading on November 12, Nifty 50 ended nearly 100 points higher at 19,523 and Sensex closed 350 points higher at 65,250. For the Nifty, 19,500-level was the level that the index managed to cross on the upside and that is now a key level to hold as it aims for 19,600.
Meanwhile, the US markets ratings agency Moody's has downgraded the US credit rating outlook and thus, a certain amount of negative sentiment in US equity indices on November 10. However, for the last two consecutive trading weeks, all of the US indices ended with gains.
In some further positive news flow for the domestic market, crude prices fell close to 5% in the week gone by with Brent futures now trading and hovering closer to the $80 a barrel mark.
The earnings session has almost reached its final lap with a few more days left when listed companies will report their quarterly results. Grasim Industries and Manappuram Finance are due to report their earnings later in the day.
Coal India, ONGC, SAIL, LIC, Biocon and Eicher Motors are among the other stocks in focus.
Tune in to the Marketbuzz Podcast for more cues
On the day of Diwali Muhurat trading on November 12, Nifty 50 ended nearly 100 points higher at 19,523 and Sensex closed 350 points higher at 65,250. For the Nifty, 19,500-level was the level that the index managed to cross on the upside and that is now a key level to hold as it aims for 19,600.
Meanwhile, the US markets ratings agency Moody's has downgraded the US credit rating outlook and thus, a certain amount of negative sentiment in US equity indices on November 10. However, for the last two consecutive trading weeks, all of the US indices ended with gains.
In some further positive news flow for the domestic market, crude prices fell close to 5% in the week gone by with Brent futures now trading and hovering closer to the $80 a barrel mark.
The earnings session has almost reached its final lap with a few more days left when listed companies will report their quarterly results. Grasim Industries and Manappuram Finance are due to report their earnings later in the day.
Coal India, ONGC, SAIL, LIC, Biocon and Eicher Motors are among the other stocks in focus.
Tune in to the Marketbuzz Podcast for more cues