1179: Marketbuzz Podcast with Sudarshan Kumar: Sensex, Nifty 50 to start in green, Zee and ICICI Bank in focus

Indian benchmark indices, Sensex and Nifty 50, are likely to start the trading session of January 23 on a positive note as both global and domestic cues suggest.

In terms of global setup, US closed the first session of the week with minor gains overnight but at a record high tracking earnings and economic data with all the three major indices closing with gains.

In the previous domestic session on January 20, the market saw thin volumes with the broader market closing with healthy gains while benchmark indices closed in the red. For Nifty 50, drags came in largely from IT and FM G names.

The good part was that the HDFC Bank snapped its three day losing streak. In the trading session this morning, the major move in both Nifty 50 and Nifty Bank will depend on how ICICI Bank reacts to third quarter earnings that came in largely better than estimates.

Gift Nifty is indicating a positive start and was up more than 100 points at the of recording the podcast.

Axis Bank and Havell's are expected to report their earnings later in the day while globally, Netflix will report its financial results for the December quarter.

Tune in to the Marketbuzz Podcast for cues