A firm opening on the cards on positive global cues

Indian benchmark indices started the day with a gap-up opening and made an attempt to move higher, however, profit booking emerged at higher levels and indices ended the day with marginal gains. The NSE’s 50-share broadly followed index Nifty added 11 points to hold its psychological 9,750 mark, while Bombay Stock Exchange’s Sensitive Index, Sensex advanced over 30 points to end a tad below its crucial 31,300 mark.

European markets snapped its losing streak to end the day with solid gains on Tuesday. The DAX of Germany surged 1.34 per cent, the CAC 40 of France gained 0.86 per cent and the FTSE 100 of the U.K. rose 0.85 per cent.

U.S. markets rallied on Tuesday, with Dow Industrial and Nasdaq, registering its best day in months. The Dow Jones Industrial Average rose 196 points to finish at 21,900. The S&P 500 jumped 24 points to close at 2,453. The Nasdaq Composite Index surged 84 points to close at 6,297.

Asian indexes surged higher in early trade on Wednesday following the rally on Wall Street overnight. Japan’s Nikkei 225 has rose 90 points. China’s Shanghai Composite has been trading flat. While markets in Hong Kong has cancelled morning trade as severe typhoon bears down on the territory.

A positive start is in store for Indian equity markets following the rally on Wall Street overnight and positive sentiments prevailing in Asian markets. The positive trend in the SGX Nifty which was trading at 9,822 higher by 34 points is suggesting a positive start for the day.