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Podcast: MarketBuzz
Episode: Marketbuzz Podcast with Reema Tendulkar: Sensex, Nifty 50 likely to open lower on domestic inflation concerns
Description: Indian benchmark indices — Sensex and Nifty 50 — are likely to open lower on August 16 following a sharp rise in July domestic inflation.
India's GIFT Nifty on the NSE International Exchange was down 0.40 percent at 19,396 at 7:59 am.
Nifty 50 is likely to open closer to 19,350 mark. The key level to watch will be the Monday intraday low of 19,257, which coincides with the 50-day moving average of 19,258.
Retail inflation rose to a 15-month high of 7.44 percent in July, predominantly due to rising vegetable and cereals prices also dragged sentiment. The figures breached the upper end of the Reserve Bank...