Indian benchmark indices BSE Sensex and NSE's Nifty 50 are set for a strong start on Wednesday, in line with positive trades in global markets over hopes of dovish stance from the US Federal Reserve.
Sentiment in the global equity markets turned positive after European Central Bank's President Mario Draghi said that the ECB will ease policy again if inflation fails to accelerate.
Markets also received an extra boost from confirmation that US President Donald Trump would meet China's president to talk about trade. Indian markets in the previous session settled higher, snapping a four-day losing streak.
At 07:00 AM, the SGX Nifty futures traded 0.50 percent higher at 11,771, indicating a positive start for the Sensex and the Nifty 50.
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