1173: Marketbuzz Podcast with Sudarshan Kumar: Sensex, Nifty 50 to open in green, TCS, Infosys in focus

India's benchmark indices, Sensex and Nifty 50, are likely to open the trading session of January 12, as the overall setup for the market looks positive on the domestic front.

The focus will be on information technology stocks after top companies TCS and Infosys flagged weak client spending in their quarterly results. The earnings reports, however, were largely in line or better than estimates.

On the global front, Wall Street equities closed little changed overnight after data showed that headline CPI rose above estimates at 0.3% in December, for an annual gain of 3.4%. Asian equities opened marginally higher.

In the previous domestic session, Reliance contributed more than 50 points and helped Nifty 50 hold on to the level of 21,600.

India's GIFT Nifty was trading at 21,720.50 as of 8:18 am, suggesting the NSE Nifty 50 will open near its close of 21,647.20 on January 12.

Meanwhile, Wipro, HDFC Life Pro and HCL Tech will report earnings for the third quarter.

Tune in to the Marketbuzz Podcast for more cues