GLOBAL MARKETS ROUNDUP
Indian markets are expected to trade higher on Wednesday following positive trend seen in other Asian markets. The S&P BSE Sensex surged over 400 points in opening trade on Wednesday in step with the upswing in Asian markets, which were trading higher on expectations that China would announce more stimulus measures to support the economy after weak trade data.

Indian markets are also witnessing an exodus from foreign investors who sold a record Rs 16,877 crore worth of domestic stocks in August. On top of that, they sold Indian stocks worth nearly Rs 5,500 crore in the past six sessions.

INDIAN ADR’S NEWS

• Indian ADRs ended higher on Tuesday.
• In the IT space, Infosys gained 0.52 percent at USD 17.44.
• Wipro added 0.22 percent at USD 11.75.
• In the banking space, ICICI Bank was up 0.17 percent at USD 8.42.
• HDFC Bank rose 0.62 percent at USD 56.90.
• In the other sectors, Tata Motors advanced 0.68 percent at USD 24.83.
• Dr Reddy’s Laboratories rose 0.35 percent at USD 61.70.

The Indian equity market is expected to open in the green today with the SGX Nifty trading at 7826.50, up 90.50 points. After six days of struggle, the bulls finally got some respite on Dalal Street with a global relief rally aiding the market. The Sensex was up 424.06 points or 1.7 percent at 25317.87 and the Nifty gained 129.45 points or 1.7 percent at 7688.25.


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