Indices may open lower on negative global cues

Key benchmark ended lower for a second consecutive session on Tuesday with Nifty ending below the psychological mark of 10,000 and Sensex just manage to hold the level of 32,000 mark. In line with the key benchmark indices, the broader markets also witnessed heavy selling, with Midcap and Small cap indices falling as much as 1.2 per cent and 1.3 per cent, respectively.

The European indices climbed into the positive territory in the late trade and ended Tuesday’s session with modest gains. The DAX of Germany advanced 0.28 per cent and the CAC 40 of France climbed 0.21 per cent and the FTSE 100 of the U.K. rose 0.14 per cent.

U.S stock indices finished near lows of the session on Tuesday after Trump told reporters North Korea would be met with 'fire and fury like the world has never seen'. The Dow Jones Industrial average ended its streak of nine sessions of record closes and closed at 22,085 lower by 33 points. The Nasdaq Composite Index declined 13 points to close at 6,370. The S&P 500 index dipped 6 points to finish at 2,475.

Stocks in Asia declined in early trade on Wednesday. Japan’s Nikkei 225 has nosedive 274 points. Hong Kong Hang Seng has fallen 129 points and China’s Shanghai Composite has slipped 8 points.

Domestic indices may open in the negative terrain tracking dismal cues from Asian markets and the SGX Nifty which was trading at 9,980 was down by 27 points and is suggesting a negative start for the day. Major stocks which will report their quarterly earnings on Wednesday are as follows, Aurobindo Pharma, Eicher Motors, Tata Motors, Ajanta Pharma, Engineers India, NMDC, Mahanagar Gas and GMDC.