Rebound after rout; Nikkei stages solid comeback while GIFT Nifty hints at triple-digit gains | Market Minutes

In this episode of Market Minutes, Nandita Khemka talks about the key factors to watch out for today. The Indian markets plunged more than 3 percent intraday on August 5 driven by weak global sentiments led by potential US recession worries after disappointing job data. Additionally, escalation of geopolitical tensions and fears of a reverse Yen carry trade added to the worries. This morning Asian markets are staging a solid comeback with Nikkei rallying over 10% and the GIFT Nifty signalling a triple-digit rebound for the Indian market. RIL, Bharti Airtel, ONGC and BEML will be among the stocks to watch out for today. Also catch Nirav Karkera of Fisdom in the Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.

Moneycontrol News

August 06, 2024 / 08:13 IST