Domestic equity indices BSE Sensex and NSE Nifty are likely to open in green on Wednesday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global markets.
At 8.24 am (IST), SGX Nifty was trading 18.50 points, or 0.25 per cent, up at 7,502.
Asian shares were mixed on Wednesday while the dollar dithered as markets waited anxiously for the Federal Reserve to provide guidance on the risk of US rate hikes this year. Hang Seng and Shanghai were up by 0.03 per cent and 0.21 per cent. However, Nikkei was down by 0.38 per cent.
Healthcare and materials stocks pulled Wall Street lower on Tuesday in a second straight day of quiet trading. The Dow Jones industrial average ended up 22.4 points, or 0.13 per cent, at 17,251.53, the S&P 500 lost 3.71 points, or 0.18 per cent, to 2,015.93 and the Nasdaq Composite dropped 21.61 points, or 0.45 per cent, to 4,728.67.
Back home, BSE Sensex closed 253.11 points, or 1.02 per cent, down at 24,551.17 on Tuesday, while Nifty 50 index settled 78.15 points, or 1.04 per cent, down at 7,460.60.
Initial public offering (IPO) of HealthCare Global Enterprises (HCG) is going to hit capital markets today. The issue will end on March 18.