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Podcast: MarketBuzz
Episode: Marketbuzz Podcast with Vivek Iyer: Sensex, Nifty 50 likely to open in red, IT stocks to drag markets lower
Description: Indian benchmark indices — Sensex and Nifty 50 — are likely to make a gap down opening dragged by IT stocks in the trading session of October 13.
The cues ahead of the session are very weak as both domestic as well as global markets continue to remain quite muted.
In the US, all major market indices closed nearly half a percent lower, and the US 10-year yield has reached 4.68%, following a nearly 0.4% increase in the US CPI data on a month-on-month basis.
However, the spotlight remains on the Indian information technology sector. Despite TCS offering an extensive buyb...