Marketbuzz Podcast with Ekta Batra: Sensex, Nifty 50 likely to open in green, TCS, Infosys in focus

Indian benchmark — Sensex and Nifty 50 — are likely to start the trading session of October 12 on a positive note with IT stocks like Tata Consultancy Services (TCS), Infosys and HCL Tech in focus.

While TCS has posted a muted quarter, analysts suggest a similar earnings report for the other two as well. The spotlight remains on significant deals, mirroring TCS's scenario, expected to drive revenue growth in the latter half of the fiscal year and the subsequent financial year.

HDFC AMC is set to release its financial numbers later in the day.

Global markets are showing optimism, with attention on the potential pause in US Federal Reserve rate hikes amid geopolitical tensions. Asian shares saw an uptick on October 12, buoyed by more dovish comments from Federal Reserve officials, hinting at a potential peak in US rates. Traders are eagerly awaiting the US consumer inflation report for insights into future monetary policy.

Brent crude prices have eased to approximately $85 per barrel.

Meanwhile, Indian equities are receiving support, notably from CLSA upgrading India to 'overweight,' a record inflow of over Rs 16,400 crore for Systematic Investment Plans (SIPs) in September, and a reduction in the intensity of selling.

On the macroeconomic front, India's retail inflation data is anticipated to soften to around 5.5%, compared to the previous 6.83% on a month-on-month basis.

Investors are also keen on the US inflation data scheduled for later in the day.