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1104: Marketbuzz Podcast with Ekta Batra: Sensex, Nifty 50 likely to open lower amid sustained foreign selling

1104: Marketbuzz Podcast with Ekta Batra: Sensex, Nifty 50 likely to open lower amid sustained foreign selling

FromMarketBuzz


1104: Marketbuzz Podcast with Ekta Batra: Sensex, Nifty 50 likely to open lower amid sustained foreign selling

FromMarketBuzz

ratings:
Length:
2 minutes
Released:
Sep 26, 2023
Format:
Podcast episode

Description

Indian benchmark indices — Sensex and Nifty 50 — are likely to open lower in the trading session on September 26, amid continuous foreign outflows from the domestic market while the global sentiment is subdued.

India's GIFT Nifty was down 0.4 percent at 19,655 points at 7:53 am on the NSE International Exchange.

On September 25, the Nifty 50 and the S&P BSE Sensex closed mostly unchanged at 19,674.55 points, and 65,958 points, respectively. The benchmarks have fallen nearly 3 percent after hitting all-time highs in mid-September.

On September 25, foreign institutional investors sold Rs 2,300 crore worth of shares, while domestic investors bought Rs 1,580 crore worth of shares, as per provisional exchange data.

In terms of the larger picture, there is some optimism with the inclusion of India's bonds in JP Morgan’s EM index. Jamie Diamond, for instance, has said it will enable additional foreign inflow of around $25 billion overnight.

Meanwhile, the US markets closed higher in the overnight session. Asian markets were largely mixed this morning. Brent crude was hovering at around $93 per barrel.

Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session
Released:
Sep 26, 2023
Format:
Podcast episode

Titles in the series (100)

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