Benchmark indices started Wednesday’s trading session on a posiitve note backed by upbeat cues from global peers.
The S&P BSE Sensex opened with a gap of over 200 points at 73,958, and the NSE Nifty 50 was up 54 points at 22,421.
Bharti Airtel, Tata Steel and NTPC were the prominent movers among the Sensex 30 shares. Hindustan Unilever and Axis Bank traded on a flat note ahead of Q4 earnings today.
Among others, 5Paisa, AU Small Finance Bank, DCB Bank, Equitas Small Finance Bank, Indian Hotels, Macrotech Developers (Lodha) and LTIMindtree, are the notable companies scheduled to announce Q4FY24 results today.
Apart from Q4 earnings, and the upcoming monthly F&O expiry tomorrow the ECB will be in foucs as the European Central Bank (ECB) officials are scheduled to speak and may shed light on the likely future trajectory of interest rates in the Euro region.
Global Cues
Elsewhere in Asia, Nikkei, and Kospi were trading nearly 2 per cent higher each, while Hang Seng was up 0.9 per cent.
Overnight, the Dow Jones Industrial Average climbed 0.69 per cent, the S&P 500 gained 1.2 per cent, and the Nasdaq Composite saw the largest gain of 1.59 per cent.
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