1170: Marketbuzz Podcast with Sudarshan Kumar: Nifty 50 likely headed for gap up start, Bajaj Auto in focus

Indian benchmark indices, Sensex and Nifty 50, are likely to make a gap up opening in the trading session of January 9, a drop in the previous session. This follows a rebound in Asian peers.

In the overnight session, Wall Street equities closed higher overnight. Thanks to the big surge in the tech heavyweights, NASDAQ the tech heavy index surged over 2%, S&P too gained more than 1% though Dow relatively underperformed and closed with a gain of 0.6%.

Following the positive global cues, Gift Nifty indicated a gap up start for the Indian market. India's GIFT Nifty was trading at 21,704.50 as of 8:09 a.m. IST, suggesting the NSE Nifty 50 will open above its close of 21,513.00 on January 8.

Another positive cue for the domestic market is the big fall in crude. Brent saw a fall of over 4% each as demand concerns resurfaced after price cut announcement by Saudi Arabia.

Stocks in focus: Bajaj Auto, Delta Corp, Metropolis

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