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Podcast: MarketBuzz
Episode: Marketbuzz Podcast with Ekta Batra: Sensex, Nifty 50 likely to open flat, Wipro, Bajaj Auto in focus
Description: Indian benchmark indices — Sensex and Nifty 50 — are likely headed for a muted opening on October 18, amid intensifying Israel-Palestine conflict and worries of a prolonged high-interest rate regime after better-than-expected US retail sales data.
Meanwhile, oil prices are soaring with Brent spiking above $90 per barrel ahead of US President Joe Biden’s visit to Israel later in the day. There has also been a hospital attack in Gaza, which the Street will watch to gauge if there are any kind of larger ramifications.
US markets closed on a muted note. US retail sales were up 0.7%, better than estima...