Marketbuzz Podcast with Reema Tendulkar: Sensex, Nifty 50 set to open higher on strong global cues
India's GIFT Nifty on the NSE International Exchange was up 0.10 percent at 20,238.50 at 8:00 am.
Asian equities rose this morning after data showed that August industrial output and retail sales growth in China beat expectations. Wall Street equities closed higher overnight, on rising expectations of a US Federal Reserve rate pause in its upcoming policy meeting on September 20.
The only two macro headwinds are rising crude prices with Brent having crossed $94 per barrel and the other one is dollar index, which has increased to levels above 105. It's negative for emerging markets and high-yield assets like India in terms of flows.
NTPC, Bharat Forge, Infosys, and Lemon Hotels are some of the stocks to watch in today's trade.
Tune in to the Marketbuzz Podcast for more news and cues ahead of today's session