Indian markets are likely to open flat tracking global indices and SGX Nifty.
U.S. markets mostly higher on the back of strong earnings and following the Federal
Reserves decision to keep interest rates unchanged. The Fed was widely expected to
keep monetary policy steady. The central bank however laid the groundwork for
winding down its massive stimulus program in September.
The European markets posted gains in early trade Wednesday before settling into a
sideways pattern. Solid U.K. GDP data and a number of positive corporate financial
reports helped the markets to log modest gains. Energy stocks also benefited from
the continued rise in crude oil prices.
A surge in latesession buying on the back of positive global cues helped Indias
benchmark indexes Sensex and the Nifty end at fresh record highs on Wednesday.
The BSE Sensex rose 154 points or 0.5% to 32382 while the broader Nifty index
finished up 56 points or 0.6% at 10021 closing above 10000 for the first time
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