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Podcast: MarketBuzz
Episode: Marketbuzz Podcast with Reema Tendulkar: Sensex, Nifty 50 to open higher as odds of Fed rate pause rise
Description: Indian benchmark indices — Sensex and Nifty 50 — are set to open higher on June 9, tracking global peers, as the increased probability of a rate pause from the US central bank lifted sentiment a day after the Reserve Bank of India kept rates unchanged.
The SGX Nifty is suggesting a bit of a positive start for June 9 after yesterday's collapse in the market on the back of the hawkish pause on interest rates by RBI.
Economists say RBI is going to stay on pause and hold rates for longer than what they were expecting earlier. So if earlier, the...