Indian benchmark indices — Sensex and Nifty 50 — are likely to open marginally higher on September 22, Friday, with IT stock Wipro and banks in focus.

All eyes will be on banking stocks as JPMorgan has said it will add Indian bonds to its Emerging Markets (EM) Debt Index. India will have a weightage of 10 percent in the index. The inclusion will be staggered over a 10-month period starting June 2024.

Against this backdrop, bond deals and rupee will be in focus as active fund managers will begin to position themselves ahead of this inclusion of the Indian government bonds to the benchmark index.

There has been a lackluster handover from the US markets that saw the biggest drop in six months. The NASDAQ index fell 100 points, close to two percent, in the trading session.

Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session