Indian Indices:
Indian markets are likely to witness a gap up opening tracking a positive trend across most Asian markets and a bullish finish at Wall Street. SGX Nifty is trading 103.50 points higher.
Shares of Voltas and Engineers India will be in focus as these companies reveal their September quarter earnings
During the day’s trade, the BSE Sensex touched intraday high of 26809.61 and intraday low of 26253.63, while the NSE Nifty touched intraday high of 8288.55 and intraday low of 8093.2
The 30-share benchmark index closed trading at 26304.63, down by 514.19 points or by 1.92%, and the NSE Nifty ended at 8108.45, down by 187.85 points or by 2.26%.
Global Market:
Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.2 percent in early trade on Wednesday, bouncing back from a four-month low touched the previous day.
European shares edged up on Tuesday helped by a surge in crude oil prices and a rebound in utilities, while telecoms equipment maker Nokia slumped on a disappointing earnings outlook update.
U.S. stocks closed higher on Tuesday, lifted by a sharp rally in energy stocks, while the technology sector rebounded after a post-election sell-off.
Major Headlines of the day:
Welspun takes Rs 501-crore hit over Egyptian cotton issue
Reliance Group launches IoT services venture 'UNLIMIT'
Maruti to set up manufacturing institute in Gujarat
Trend in FII flows: The FIIs were net buyers of Rs -2353.82 Cr in the cash segment on Tuesday while the DIIs were net sellers of Rs 104.83 Cr, as per the provisional figures.
UPCOMING RESULTS: IGL, VOLTAS, RAMCO, SCI, ENGINERSIN.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
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