Moneycontrol News

The Nifty50 is expected to open higher on Wednesday following positive trend is seen in the Asian market and strong handover from Wall Street. The Nifty closed 20 points higher at 10,548 on Tuesday.

Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 41 points or 0.39 percent. Nifty futures were trading around 10,596-level on the Singapore Stock Exchange.

US stock indexes rallied on Tuesday on broad-based gains while Netflix and UnitedHealth earnings impressed investors and boosted optimism about the U.S. corporate reporting season.

The Dow Jones Industrial Average rose 213.59 points, or 0.87 percent, to 24,786.63, the S&P 500 gained 28.55 points, or 1.07 percent, to 2,706.39 and the Nasdaq Composite added 124.81 points, or 1.74 percent, to 7,281.10, Reuters reported.

Asian shares crept ahead on Wednesday after Wall Street took heart from upbeat corporate earnings, though nagging concerns about trade barriers and the global growth outlook kept currencies and bonds subdued.

MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.2 percent in early trade. Japan’s Nikkei added 0.6 percent, Reuters reported.