Markets may open slightly higher

Indian benchmark indices displayed a splendid recovery on Monday snapping its five-day losing streak as Nifty gained 83 points to close tad below its psychological 9,800 mark and the Sensex soared by 235 points to close above its crucial 31,400 mark. The broader market depicted strength, the BSE Mid-Cap index rose 2.49 per cent and the BSE Small-Cap index rose 2.51 per cent.

European markets ended Tuesday’s session slight higher. The CAC 40 of France gained 0.36 per cent; the FTSE 100 of the U.K. advanced 0.41 per cent. The DAX of Germany rose 0.10 per cent.

U.S. stocks displayed muted performance on Tuesday; the Dow logged gains for the third day in a row, while the Nasdaq and S&P 500 ending flat with negative bias. The Dow Jones Industrial Average advanced 5 points to close at 21,999. The Nasdaq Composite Index shed 8 points to close at 6,333. The S&P 500 slipped 1 point to close at 2,464.

The trend in the Asian markets was mixed on Wednesday. Japan’s Nikkei 225 advanced 3 points, Hong Kong Hang Seng was up 133 points, while China’s Shanghai Composite has slipped 14 points.

Key benchmark indices are likely to open with minor gains on Wednesday as the SGX Nifty was trading at 9,817 higher by 21 points suggesting market may start the day with slight gains.