Markets may begin on a strong note following positive global cues

Indian benchmark indices seem headed for a scintillating start, tracking gains in Asian markets and strong close on the Wall Street amid continued trade optimism. Trends on SGX Nifty indicate a strong start to the session and Nifty could open well over the 10,900 mark with gains of 0.78 per cent. The stocks of Indusind Bank, Delta Corp and Bajaj Corp will be in limelight as these companies will announce their quarterly earnings today.  
  
Markets across the Asia are trading firm on Wednesday after the US markets extended their rally for the third straight day overnight. Hong Kong’s index Hang Seng is seen leading with gain of 2 per cent, followed by Japan’s Nikkei 225 Index and China’s Shanghai Composite Index which have gained 1.25 per cent each.  
  
Back home, equity benchmark indices extended their northward movement for the third straight session on Tuesday. After opening the session on a cautious note, indices traded in a capped range for a major part of the trading session. However, in the last leg of the session, the markets gained momentum to end with notable gains. The BSE Sensex ended up by 0.36 per cent at 35,981 and the Nifty ended higher by 0.28 per cent at 10,802. Among the broader market indices, Nifty Mid-cap ended lower by 0.13 per cent, while Nifty Small-cap closed with gains of 0.25 per cent. The sectoral indices witnessed mixed trend with PSU Bank and Pharma being the top gainers, while Media, IT, FMCG and Realty closed in the red.  
  
The US stocks extended a recent rebound and marked a third straight day of gains on Tuesday. This was on the hope that the US-China talks currently underway may fructify into a trade deal as President Donald Trump claimed in a Twitter post stating ‘Talks with China are going very well!’. The Dow Jones Industrial Average surged 1.09 per cent to 23,787, the S&P 500 index rose 0.97 per cent to 2,574 and the tech-heavy Nasdaq Composite gained 1.08 per cent to 6,897.   
  
The European markets ended Tuesday’s session in the positive terrain. The markets showed resiliency, shrugging off an unexpected drop in German industrial production as well as more than expected drop in Eurozone economic and business activity sentiment report. The DAX of Germany climbed 0.52 per cent; the CAC of France climbed 1.15 per cent and the FTSE 100 of the UK finished higher by 0.74 per cent.