Indian markets - Indices signal positive start on global support.
Indian equity benchmarks are likely to witness a positive opening on Wednesday tracking a rally across markets in Asia and a bullish finish at Wall Street overnight as speculation heightened that global policymakers may boost stimulus to contain the economic fallout of Britain’s stunning decision last week to leave the EU, helping quell market turmoil, bolstering risk taking appetite.
Gains in the CNX Nifty Index Futures for June delivery which climbed by 0.29 per cent or by 23.5 points to 8,155 at 10:43 AM Singapore time signal that Dalal Street may open higher today.
Hopes that the GST will be passed in the upcoming monsoon session of the Parliament may also support sentiment. However, volatility may remain high at local bourses as traders roll over their positions ahead of the expiry of the June Futures & Options (F&O) contracts this Thursday.
Rebounding from its biggest loss in over four months, the 30-share Sensex, on Tuesday logged modest gains, advancing by 121.59 points or by 0.46 per cent to end at 26,524.55 even as Brexit continued to weigh on sentiment
Trend in FII flows: The FIIs were net buyers of Rs -146.11 Cr in the cash segment on Monday while the DIIs were net sellers of Rs 147.07 Cr, as per the provisional figures.