1097: Marketbuzz Podcast with Vivek Iyer: Sensex, Nifty 50 set to open higher on rising hopes of a Fed rate pause

Indian benchmark indices — Sensex and Nifty 50 — are set to open higher on Thursday, September 14, day after the US inflation data indicated the likelihood of a pause in the rate hike cycle by the Federal Reserve later this month.



India's GIFT Nifty on the NSE International Exchange was up 0.16 percent at 20,178 at 7:57 am IST.



In the overnight US market session, Dow Jones saw selling pressure towards the end while S and P 500 and NASDAQ managed to close about the green line.



The key trigger and key commodity to track is oil prices that cooled off marginally yesterday. But now they continue to trend near a 10-month high futures, trading closer to the $89 a barrel mark while Brent futures trade closer to the $92 a barrel mark.



Back home, the primary market activity in India continued to remain buoyant.



Two new IPOs —  Zaggle Prepaid Ocean Services IPO and Samhi Hotels IPO — open for subscription today.



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