The Indian market is set for a positive start on Wednesday as oil prices slightly recovered and global cues support as Asian shares recovered after robust earnings and the S&P 500 indexes reached record closing highs on Wall Street overnight.
Oil prices inched lower on Wednesday on signs that global markets remain adequately supplied despite a jump to 2019 highs this week on Washington's push for tighter sanctions against Iran.
On Tuesday, the BSE Sensex settled at 38,565, down 80 points, while the broader NSE Nifty50 ended at 11,576, slipping 18 points. Nifty Midcap was flat while Nifty Smallcap fell 0.6 percent.
At 07:14 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.17 percent at 11,614.50, indicating a positive start for the Sensex and Nifty.
Stocks in focus: HDFC, ICICI Securities, ACC, Bandhan Bank. Click here to know more.
The CNBCTV18.com podcast on the big themes, vital news and key events that you should know before the opening bell, powered by CNBC-TV18 anchors.
MarketBuzz is your daily morning briefing by CNBC-TV18 research analysts and anchors Sonia Shenoy, Ekta Batra, Anisha Jain, Nigel D’Souza and Mangalam Maloo to jumpstart your stock market investing.
Subscribe to our free podcasts on Audioboom or listen on the featured podcast page on CNBCTV18.com.