1123: Marketbuzz Podcast with Vivek Iyer: Sensex, Nifty 50 likely headed for subdued start

Indian benchmark indices — Sensex and Nifty 50 — are likely to start the trading session of October 25 on a muted note, marginally higher, a day after the market was closed on account of Dussehra.



The Indian market will track a rebound in global stocks, as US Treasury yields eased and crude oil prices moderated below $90 per barrel. Wall Street equities gained overnight, boosted by strong quarterly results. Asian markets were up a percent this morning aided by China's approval of a trillion-yuan sovereign bond issue as a stimulus to boost its economy.



Meanwhile, India's GIFT Nifty was down 0.08% at 19,308, as of 8:20 am IST, but higher than the Nifty 50 close on October 23 of 19,281.75.



Among stocks to watch are Tech Mahindra, Axis Bank, and Jubilant Foodworks, which are due to report their earnings for the September 30, 2023 quarter. Other stocks to track include Vedanta, Delta Corp, and Indus Towers.



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