Stocks likely to see action today are: AU Small Finance, Godrej Properties, Max Healthcare, Confidence Petroleum India, JSW Energy, Jubilant Foodworks, Magma Fincorp and PowerGrid Indian stock markets are expected to open with a gap-up opening on Wednesday, thanks to strong global cues. As US Treasury yields softened considerably, the tech-heavy Nasdaq jumped 3.7 per cent overnight. The S&P 500 and the Dow Jones Industrial Average too gained 1.4 per cent and 0.10 per cent.
However, Asian stock markets are up only moderately, signalling the weakness at higher levels.
Following the US market trends, the SGX Nifty is currently hovering at 15,237, which is almost 100 points higher than the Nifty March futures that closed at 15,134 on Tuesday.
Confidence Petroleum India gains on plans to set up cylinder manufacturing unit
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