GLOBAL MARKETS ROUNDUP
The S&P BSE Sensex surged over 200 points in trade on Wednesday tracking positive trend seen in other Asian markets. The rally in the index was led by gains in Sun Pharama, ICICI Bank, HDFC, HDFC Bank, and TCS.

The 50-share Nifty index also reclaimed its crucial psychological level of 7,850, supported by gains in metal, realty, IT, banks, and Pharma stocks.Orchid Chemical gained over 4 per cent while Vedanta added over 4 per cent. Arvind Infra surged 5 per cent while Sun Pharma was up over 2 per cent. TVS Motor was up over 2 per cent.

INDIAN ADR’S NEWS
• Indian ADRs ended mixed on Tuesday.
• In the banking space, ICICI Bank was up 0.07 percent at USD 8.47.
• HDFC Bank shed 0.55 percent at USD 57.12.
• In the IT space, Infosys added 0.08 percent at USD 17.76.
• Wipro gained 0.13 percent at USD 11.84.
• In the other sectors, Tata Motors slipped 0.37 percent at USD 25.35.
• Dr Reddy’s Laboratories declined 0.28 percent at USD 60.61.

Indian markets are likely to remain volatile today ahead of the US Fed rate decision on Thursday. Indian markets will be closed on Thursday for a holiday.Indian shares are likely to surge at open, following a Wall Street rally overnight, as markets go into a crucial Federal Reserve monetary policy meeting with expectations the Fed won't hike interest rates.

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