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Podcast: MarketBuzz
Episode: Marketbuzz Podcast with Ekta Batra: Sensex, Nifty 50 set for gap-up opening on strong cues post debt ceiling deal
Description: Indian benchmark indices — Sensex and Nifty 50 — are headed for a gap-up opening on May 29 following strong the rise in Asian shares and US futures buoyed by a weekend deal by US President Joe Biden and congressional Republican Kevin McCarthy to suspend the government's debt ceiling.
The SGX is indicating a positive start.
On Friday, the US tech-heavy index NASDAQ launched a fifth week of gains. Meanwhile, the domestic market closed at five-month highs with the Nifty 50 ending at almost 18,500, the highest closing level seen in 2023.
Brent crude ticked marginally higher as hopes of a debt...