Domestic stock markets are expected to open in the green, according to early indications from SGX Nifty futures trading. The trends on SGX Nifty indicate a positive opening of the index in India, with a gain of 37 points. As of 7:30 a.m., Nifty futures were trading at 14,782, up 37 points or 0.28 percent, on the Singapore Stock Exchange.
Asian stocks are expected to experience a slow open on Wednesday after Wall Street retreated from record highs reached in previous sessions, as investors look to the next earnings season for more signs of recovery after a string of strong economic data in the States -United.
Japanese Nikkei 225 futures fell 0.1%, while Australian S & P / ASX 200 futures rose 0.04%.
The S&P 500 slipped Tuesday but stayed close to closing highs posted in consecutive sessions as investors weighed stronger US economic data against nervousness over upcoming quarterly earnings reports.
The Dow Jones fell 0.29%, the S&P 500 fell 0.10% and the Nasdaq Composite fell 0.05%.
Oil prices edged up Wednesday amid prospects of stronger global economic growth with increased COVID-19 vaccinations and a report that inventories of crude in the United States, the largest consumer of fuel in the world, have fallen.
Brent futures for June rose 34 cents, or 0.5 percent, to $ 63.08 a barrel at 0123 GMT and U.S. West Texas Intermediate crude for May was up 32 cents, or 0, 5 percent, to $ 59.65.
Meanwhile, the IMF has projected a 12.5% growth rate for India in 2021. This is stronger than China, the only major economy to have recorded a positive growth rate last year for the COVID-19 pandemic.
On Tuesday, the Sensex closed with a nominal gain of 42 points and the Nifty stabilized 46 points higher.