GLOBAL MARKETS ROUNDUP
Asian shares eked out cautious gains on Wednesday as concerns about corporate earnings hobbled Wall Street while investors counted down to the European Central Bank's policy meeting later in the week.
The S&P BSE Sensex was trading in a narrow range on Wednesday but with a positive bias, led by gains in Infosys, ITC, Bharti Airtel, and Reliance Industries Ltd.

INDIAN ADR’S NEWS
• Indian ADRs ended mixed on Tuesday.
• In the IT space, Infosys was up 0.13 percent at USD 18.05.
• Wipro shed 0.22 percent at USD 12.29.
• In the banking space, ICICI Bank was up 0.03 percent at USD 9.08.
• HDFC Bank rose 0.12 percent at USD 63.60.
• In the other sectors, Tata Motors slipped 0.27 percent at USD 28.90.
• Dr Reddy’s Laboratories shed 2.64 percent at USD 65.15.

The bias is still in the favour of further up move but due to existence of major hurdle around 8,400 in Nifty, traders are advised to maintain positive yet cautious stance and suggest trailing stop losses with every rise. The rupee closed below 65/dollar on Tuesday and further weakness will weigh on equities. Asian markets were mixed, with Japan's Nikkei rising 0.8 per cent, but markets in China edged lower. Global commodities fell further on Tuesday which is likely to pressure commodity driven stocks like, Tata Steel, Vedanta, JSW Steel today.

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