1103: Marketbuzz Podcast with Ekta Batra: Sensex, Nifty 50 set for muted opening, Delta Corp, Suzlon in focus

Indian benchmark indices — Sensex and Nifty 50 — are likely to make a muted opening on September 25, after declining for the fourth straight day on September 22. This comes amid fears that global interest rates will remain higher for longer.



India's GIFT Nifty was up 0.25 percent to 19,692 points at 7:53 am on the NSE International Exchange.



Last week was the worst for the Sensex since June 2022 as the index witnessed a drop of 2.7

percent. Meanwhile, the Nifty 50 index recorded its worst week since February.



Shares of casino operator Delta Corp will be among those in focus today as the company on September 21 said it has received a notice to pay taxes worth Rs 111.4 billion along with interest and penalty for the period between July 2017 to March 2022.



PSU banks have remained resilient, despite the overall decline. Investors will eye the possibility of any further buying within this space.



Meanwhile, JP Morgan will add Indian bonds to its market debt index, it remains to be seen whether that will spark more movement in the market.



Any developments in India-Canada relations will also be keenly watched.



Globally, while US markets closed lower on September 22, Asian markets this morning were largely mixed, with the GIFT Nifty indicating a softer start for the Indian market.



Tune in to Marketbuzz Podcast for more news and cues ahead of today’s session