The markets are likely to open higher tracking global cues. Markets would also react to July industrial output data to be released today.
According to technical analysts, the NSE index is likely to seek support around 5,365-5,350, while face resistance around 5,415-5,430.
Overnight, the Dow industrials closed at the highest level in nearly 5 years on Tuesday in a lightly traded session before key decisions in Germany and the United States that could give markets a further boost. The S&P closed up 4.48 points to 1,433.56. The Nasdaq gained 0.50 points to 3,104.53.
Asian shares edged higher on Wednesday as investors remained cautiously optimistic a German court would approve the legality of the euro zone's bailout fund later in the day and the U.S. Federal Reserve may deliver further stimulus measures this week.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent, while Japan's Nikkei average opened up 0.2 percent.
At 700 am Indian Standard Time, the SGX Nifty was trading at 5,427 - up 19 points.
STOCKS TO WATCH
Godrej Properties would invest up to Rs 600 cr in developing a residential complex in Gurgaon over the next 5 years.
GAIL is considering buying liquefied natural gas (LNG) assets put up for sale by Spain's Repsol SA in Canada, Peru & Trinidad.
Panacea Biotec entered into a strategic alliance with Osmotica Pharmaceutical to develop and market products in various global markets, including the US.
Suzlon Group has entered into a contract with Continuum Wind Energy, an independent power producer (IPP), for the supply, erection and commissioning of 40 units of S95.
Top Section
Explore Business Standard