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MarketBuzz Podcast August 16: Market likely to open on a weak note as Asia trades lower; all eyes on rupee movement

MarketBuzz Podcast August 16: Market likely to open on a weak note as Asia trades lower; all eyes on rupee movement
The Indian market is expected to start on a weak note on Thursday tracking subdued global cues.
Asia stocks were trading lower with Japan’s Nikkei falling by over a percent or 250 points tracking Wall Street losses. The Singapore-traded SGX Nifty traded at levels around 11,380, indicating a negative opening on Dalal Street.
Rupee hit 70 to the dollar for the first time on Tuesday, falling 15 paise intraday due to sharp depreciation in Turkish lira. The rupee has fallen more than 9 percent year-to-date and around 2 percent in August.
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