All said and done! Markets may open in green!

Indian markets are likely to open in green today tracking positive global cues. In western markets, the market participants felt the sell-off was overdone and indulged in bargain hunting. SGX Nifty is trading up by 29 points at 12,097 levels. On earning front, Bajaj twins, Escorts, Pidilite Industries, Jubilant Foodwork are among the prominent ones to release their December quarter earnings later in the day.

Asian markets were mostly trading in green on Wednesday morning following overnight cues from Wall Street. However, Hong Kong’s Hang Seng is down by almost 2.5 per cent as it reopens after a long holiday session and catches up with missed negative sentiment. Meanwhile, Japan’s Nikkei 225 is up by 0.47 per cent.

Back home, on Tuesday, the markets extended their losses for the second consecutive session with Nifty and BSE Sensex ending the day below their significant mark i.e. 12,100 (Nifty) and 41,000 (Sensex). Amongst, the broader markets, Nifty mid-cap and small-cap dropped 0.24 and 0.13 per cent, respectively. On the sectoral front, majority of the sectors closed in red. Nifty Metal and Nifty Auto were the top decliners. On the flip side, Nifty Financial Services and Nifty IT ended in green. 

In overnight developments, US stocks did well yesterday, tracking some reassuring consumer sentiment data. The Conference Board’s Consumer Confidence Index notched its highest reading since August. At the end of the day, Dow jumped 187 points, the S&P advanced 33 points and Nasdaq climbed 130 points. Going ahead, all eyes will be on the US Federal Reserve’s policy meeting outcome. Europe too finished higher rebounding from its recent losses.