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Podcast: MarketBuzz
Episode: Marketbuzz Podcast with Ekta Batra: Nifty 50, Sensex likely to open in the red, tracking global cues
Description: The markets on Thursday, October 19, did recover from lows, but closed in the red, for the second consecutive trading session.
Foreign institutional investors net sold around ₹1,093 crore, while domestic institutional investors net bought around ₹736 crore. So, net net institutions were sellers in Thursday's trade.
US Fed ChairJerome Powell indicated in a speech yesterday that inflation is too high and it's likely to require lower economic growth. The US treasury yields have jumped to 5% which is the highest level since 2007. US markets did close lower on the backdrop of the US Fed chief's comments.
Asia is l...