1141: Marketbuzz Podcast with Reema Tendulkar: Sensex, Nifty 50 likely to open with minor gains

The GIFT NIFTY is indicating a calm opening for today's trading session, influenced by the mild cuts observed in US markets. The Dow and the S&P 500 experienced a slight downturn of about 0.2%, while the NASDAQ faced a 0.6% dip. Notably, the trading range in the Indian markets has been contracting, with the Nifty trading within a band of just 75 points yesterday, ranging from 19,754 to 19,829.

This narrowing trend is evident when comparing recent days; the Nifty's range was 86 points the day before and 138 points last week on Friday. This trend reflects a consolidation phase in the market.

Investors should keep a close eye on Tata Consultancy Services (TCS) as the company is set to make an exceptional provision of $125 million in its Q3 earnings related to a lawsuit dating back to 2014. This provision will impact the stock performance. Additionally, Tata Steel is planning to raise ₹7,550 crore through a Qualified Institutional Placement (QIP) with an indicative price of ₹1,29.1, offering a 13.4% discount to the current market price.

Another stock of interest is Titan Company Limited, as the Competition Commission of India has approved the acquisition of an additional 27.2% share capital of Carrick Lane by Titan. Lastly, Allcargo Logistics may attract attention due to lower year-on-year and month-to-month volumes observed in October. These factors will likely contribute to the market's opening dynamics, shaping the early trading sessions.

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