Indian shares were likely to open higher on Wednesday with the SGX Nifty on the Singapore Exchange trading up more than 100 points. Gains in the markets were expected a day after the government announced a capital infusion plan of Rs 2.11 lakh crore into PSU banks over two years. Shares in the other Asian markets were largely flat. MSCI's broadest index of Asia-Pacific shares outside Japan was unchanged in early trade. Japan's Nikkei stock index was up 0.5 per cent in early trading, on track for an unprecedented 17th straight session of gains. On Wall Street, the Dow Jones Industrial Average closed at a record high.
The BSE benchmark index, Sensex, closed at 32,607.34 on Tuesday, adding 100.62 points to its previous close. The broader Nifty index - the National Stock Exchange benchmark - gained 22.85 points to close at 10,207.70.
Market expert Simi Bhaumik shared her top trading picks: Simi Bhaumik, research analyst
Buy Asian Paints
on dips for a target price of Rs 1,256-1,262 with stop loss at Rs 1,200
Buy Jet Airways
on dips for a target price of Rs 530-33 with stop loss at Rs 495Disclaimer: Investors are advised to make their own assessment before acting on the information.