1178: Marketbuzz Podcast with Ekta Batra: Sensex, Nifty 50 to open higher, Reliance, Paytm in focus

Indian benchmark indices, Sensex and Nifty 50, are likely to open higher on January 19, after a three-day losing streak, tracking Asian peers.

The previous session was another weak one with the markets extending losses for the third street session. The sluggish global market markets, in addition to mixed quarterly earnings seem to be weighing on sentiment at least until January 18. HDFC Bank, IndiaMart, LTI Mindtree saw downside following results. In the January 19 session, the market will react to IndusInd Bank’s Q3 numbers.

The global setup seems positive as the US markets rose in the overnight session led by the tech led rally. Asian shares largely traded higher in morning trade as the Japanese inflation in December hit the lowest since June 2022.

Meanwhile, Reliance Industries, HUL and Ultratech Cement and Paytm are due to report earnings later in the day. ICICI Bank and IDFC First Bank will report results on January 20, when there will also be a special or limited trading session.

Tune in to the Marketbuzz Podcast for more cues