Marketbuzz Podcast with Reema Tendulkar: Sensex, Nifty 50 likely to start on cautious note

Episode 1099,   Sep 18, 03:25 AM

Indian benchmark indices — Sensex and Nifty 50 — are likely to begin the September 18 session on a cautious note, days after economic data from China. Investors will also look forward to the US Federal Reserve's policy meeting due this week.

India's GIFT Nifty on the NSE International Exchange was up 0.1 percent to 20,186.5 by 7:55 am.

The Nifty 50 and Sensex gained nearly two percent each last week and are expected to continue their stellar run.

Separately, foreign investors bought Rs 1.64 billion worth of shares on a net basis on Friday, while their domestic peers bought Rs 19.39 billion worth of equity, according to stock exchange data.

Meanwhile, Asian stock markets fell in early trade today as China's key property sector continued to remain under stress despite positive data from the country showing signs of stabilisation.

Stocks to watch: Bharat Electronics, Axis Bank, HFCL Ltd, Tata Steel, Dhanlaxmi Bank, Vodafone Idea.

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