Adani Green, Kotak Mahindra Bank, Adani Total Gas, Havells India, Tata Consumer Products, ABB India, Deepak Nitrite, IIFL Wealth Management, Laxmi Organics, Oracle Financial Services Software, SIS, Rain Industries and EIH are among the companies that will announce their March quarter results today.
After a day's hiatus, the domestic equity market was set to open on a strong note, thanks to positive signals from global peers. US stocks rose in overnight trade, whereas Asian markets signalled mixed cues and traded with mild losses. Global markets are awaiting the Fed's monetary policy, scheduled later in the evening. Back home, LIC's IPO will kick off for subscription today and India Inc earnings will be key to watch for traders. Here's breaking down the pre-market actions:
STATE OF THE MARKETS SGX Nifty signals positive startNifty futures on the Singapore Exchange traded 99.5 points, or 0.59 per cent, higher at 17,084, signaling that Dalal Street was headed for a positive start on Wednesday.
- Tech View: Nifty50 on Monday saw a gap-down start but recouped most losses by the end, forming a bullish candle on the daily chart. While the momentum turned positive, the broader range of 17,300-16,800 stayed intact and analysts believe only a break of this range on either side would lead to a decisive move.
- India VIX: The fear gauge gained more than 4 per cent, to 20.28 level on Monday over its close at 19.42 on Friday.
Asian shares trade mixedAsian stocks, those which open, kicked off Wednesday with mild losses following a mildly positive lead from Wall Street ahead of an expected Federal Reserve rate hike decision later in the day. MSCI's index of Asia-Pacific shares outside Japan was down by 0.06 per cent. A few Asian hubs observed public holidays.
- Australia's ASX 200 g...