Marketbuzz Podcast with Ekta Batra: Nifty 50 eyes 22,000 as IT stocks continue to be in focus
Episode 1174, Jan 15, 03:30 AM
Indian benchmark indices, Sensex and Nifty 50, are likely to open in the green on January 15 and continue the uptrend from the previous week with IT stocks in focus.
In the previous session on January 12, Sensex and Nifty 50 surged over a percent to hit their fresh all-time highs, driven by a stellar rally in IT stocks after TCS and Infosys reported financial results. Later in the day, Wipro and HCLTech also reported their quarterly earnings, following which there are likely to be stock reactions. Jio Financial and Angel one will report their numbers later today.
Now, in terms of the global setup, it seems as though the domestic market will be more resilient because the Dow closed more than 100 points lower, with several banks ending lower.
Oil prices slipped in early trade with traders watching out for supply disruption risk in the Middle East following strikes by U.S. and British forces to stop Houthi militia in Yemen from attacking ships in the Red Sea. Brent crude futures fell or 0.4% to $77.98 a barrel by 6:54 am India times after settling up 1.1% on January 12.
Tune in to the Marketbuzz Podcast for more cues
In the previous session on January 12, Sensex and Nifty 50 surged over a percent to hit their fresh all-time highs, driven by a stellar rally in IT stocks after TCS and Infosys reported financial results. Later in the day, Wipro and HCLTech also reported their quarterly earnings, following which there are likely to be stock reactions. Jio Financial and Angel one will report their numbers later today.
Now, in terms of the global setup, it seems as though the domestic market will be more resilient because the Dow closed more than 100 points lower, with several banks ending lower.
Oil prices slipped in early trade with traders watching out for supply disruption risk in the Middle East following strikes by U.S. and British forces to stop Houthi militia in Yemen from attacking ships in the Red Sea. Brent crude futures fell or 0.4% to $77.98 a barrel by 6:54 am India times after settling up 1.1% on January 12.
Tune in to the Marketbuzz Podcast for more cues