Sensex, Nifty seen higher at open

(RTTNews) – Indian stocks may only see modest gains at the open on Wednesday despite mixed cues from global markets.

On Tuesday, the benchmark Sensex and Nifty finished marginally better, recovering from four straight days of losses, after records confirmed India’s retail inflation fell to a four-month low in December.

The rupee recovered from a whisper low and improved 8 paise against the greenback at 86.62.

Foreign Institutional Investors (FIIs) paid Rs 8,132.26 crore in shares on Tuesday on a profit basis, while Domestic Institutional Investors (DIIs) were consumers of gains to the tune of Rs 7,901.06 crore, according to provisional notes available on available on NSE.

On the earnings front, HDFC Lifestyles Insurance Company, L&T Technology Products and companies and Bank of Maharashtra are among the prominent corporates releasing their quarterly results on the day.

Asian shares were mixed this morning despite reports that Donald Trump’s incoming economic task force may also be pushing for easy tariff solutions.

The greenback steadied after falling for the first time in six intervals following whispers of tariffs.

Gold fell on cautious changes and oil prices were muted, with the focus on upcoming US CPI records and the earnings of America’s most practical banks.

U.S. stocks fluctuated before ending at deep lows overnight as records confirmed that producer prices rose slightly less than expected in December, offering temporary relief to investors terrorized by inflation and levels of excitement.

The Dow rose half a percent and the S&P 500 rose 0.1 percent, while the tech-heavy Nasdaq Composite eased 0.2 percent

European stocks gave up early gains to end the mix on Tuesday, amid political uncertainty in the EU and fears over US tariffs under the Trump administration.

The pan-European STOXX 600 ended unchanged with an adverse bias. Germany’s DAX rose 0.7 percent, France’s CAC 40 rose 0.2 percent, while Britain’s FTSE 100 fell 0.3 percent.

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