Marketbuzz Podcast with Sudarshan Kumar: Nifty 50 likely headed for gap up start, Bajaj Auto in focus
Episode 1170, Jan 09, 03:30 AM
Indian benchmark indices, Sensex and Nifty 50, are likely to make a gap up opening in the trading session of January 9, a drop in the previous session. This follows a rebound in Asian peers.
In the overnight session, Wall Street equities closed higher overnight. Thanks to the big surge in the tech heavyweights, NASDAQ the tech heavy index surged over 2%, S&P too gained more than 1% though Dow relatively underperformed and closed with a gain of 0.6%.
Following the positive global cues, Gift Nifty indicated a gap up start for the Indian market. India's GIFT Nifty was trading at 21,704.50 as of 8:09 a.m. IST, suggesting the NSE Nifty 50 will open above its close of 21,513.00 on January 8.
Another positive cue for the domestic market is the big fall in crude. Brent saw a fall of over 4% each as demand concerns resurfaced after price cut announcement by Saudi Arabia.
Stocks in focus: Bajaj Auto, Delta Corp, Metropolis
Tune in to the Marketbuzz Podcast for more
In the overnight session, Wall Street equities closed higher overnight. Thanks to the big surge in the tech heavyweights, NASDAQ the tech heavy index surged over 2%, S&P too gained more than 1% though Dow relatively underperformed and closed with a gain of 0.6%.
Following the positive global cues, Gift Nifty indicated a gap up start for the Indian market. India's GIFT Nifty was trading at 21,704.50 as of 8:09 a.m. IST, suggesting the NSE Nifty 50 will open above its close of 21,513.00 on January 8.
Another positive cue for the domestic market is the big fall in crude. Brent saw a fall of over 4% each as demand concerns resurfaced after price cut announcement by Saudi Arabia.
Stocks in focus: Bajaj Auto, Delta Corp, Metropolis
Tune in to the Marketbuzz Podcast for more