Marketbuzz Podcast with Sudarshan Kumar: Sensex, Nifty 50 to open in green, Bajaj Auto, Tech Mahindra in focus
Episode 1181, Jan 25, 03:37 AM
The Indian benchmark indices, Sensex and Nifty 50, are likely to open the trading session on a positive note on January 25, after ending one percent higher in the previous session.
The cues from the US continued to remain mixed in a range-bound session. The S&P 500 and NASDAQ extended their winning streak for the fifth consecutive day, with Netflix surging 10% after reporting robust earnings for the December quarters. Meanwhile, the Dow Jones experienced its second consecutive session of decline.
In the previous session, the domestic market managed to regain most of the losses seen in the session before that with broader markets seeing a sharp recovery. The Midcap index surged nearly 1500 points from its intraday low.
Meanwhile, oil prices rose after data showed US crude stockpiles fell more than expected last week, while the Chinese central bank's cut in banks' reserve ratio reinforced hopes of more stimulus measures and economic recovery. The March contract for Brent crude gained 20 cents, 0.3%, to $80.24 a barrel as at 0128 GMT. U.S. West Texas Intermediate crude climbed 22 cents, or 0.3%, to $75.31 a barrel.
Earnings to track: Vedanta, ACC, AU Small Finance Bank, SBI Card, Shriram Finance, Syngene International, PNB, HPCL and Chola Investment
Tune in to Marketbuzz Podcast for more cues
The cues from the US continued to remain mixed in a range-bound session. The S&P 500 and NASDAQ extended their winning streak for the fifth consecutive day, with Netflix surging 10% after reporting robust earnings for the December quarters. Meanwhile, the Dow Jones experienced its second consecutive session of decline.
In the previous session, the domestic market managed to regain most of the losses seen in the session before that with broader markets seeing a sharp recovery. The Midcap index surged nearly 1500 points from its intraday low.
Meanwhile, oil prices rose after data showed US crude stockpiles fell more than expected last week, while the Chinese central bank's cut in banks' reserve ratio reinforced hopes of more stimulus measures and economic recovery. The March contract for Brent crude gained 20 cents, 0.3%, to $80.24 a barrel as at 0128 GMT. U.S. West Texas Intermediate crude climbed 22 cents, or 0.3%, to $75.31 a barrel.
Earnings to track: Vedanta, ACC, AU Small Finance Bank, SBI Card, Shriram Finance, Syngene International, PNB, HPCL and Chola Investment
Tune in to Marketbuzz Podcast for more cues