Marketbuzz Podcast with Vivek Iyer: Sensex, Nifty 50 likely to make subdued start

Indian benchmark indices — Sensex and Nifty 50 — are likely to start the trading session of October 3 on a subdued note, tracking global cues.

The US stock market ended with cuts even as the government shutdown was averted. In fact, all indices on Wall Street ended September with deep cuts.

Meanwhile, oil prices that saw a significant surge in the last two to three months have witnessed a bit of selling pressure over the last few sessions. Brent crude was trading near the $88.82 a barrel mark.

In the domestic stock market, there was significant selling pressure on September 27 and September 28, however, the market managed to bounce back in style on September 29 and ended September on a strong note. The pharma index and the metal pack were among the top gainers in the session while the IT index was among the top underperformers.

In the trading session of October 3, the shares of JSW Infra, the second largest sports company in India, will make their debut on the exchanges.

As most auto companies have declared monthly auto sales numbers and banks too have reported quarterly performance, auto and banking stocks will be in focus today.

Meanwhile, Chinese markets are shut for the entire week on account of regional holidays.