1172: Marketbuzz Podcast with Sudarshan Kumar: Sensex, Nifty 50 set to start in green, all eyes on TCS, Infosys results

Indian benchmark indices, Sensex and Nifty 50, are likely to start the trading session of January 11 on a positive note as cues have largely turned positive on both global and domestic front.

Overnight on Wall Street, all the three major indices closed the session near day’s high with gains coming in the range of half a percent to 1%. Major contributors to Dow Jones were stocks like Microsoft, Walmart and Salesforce.

Nifty 50, meanwhile on January 10,  gained more than 70 points of which more than 50 points were contributed by Reliance, which closed at a record high. Despite the surge in market and positive sentiment, it did not reflect in FiI numbers. FIIs were sellers in the cash market and the sell figure was ₹1,700 crore but it was offset by DII, where the buy figure was ₹2,100 crore.

India's GIFT Nifty was trading at 21,730 as of 8:00 am, suggesting the NSE Nifty 50 will open above its close of 21,618.70 on January 10.

TCS and Infosys’ are the key quarterly earnings reports to track in the day.

Tune in to the Marketbuzz Podcast for more cues