GLOBAL MARKETS ROUNDUP
The S&P BSE Sensex climbed over 100 points in early trade on Wednesday ahead of the outcome of US Federal Reserve two-day policy review that concludes later in the day. Indian shares rose on Tuesday led by gains in oil explorers such as Reliance Industries, tracking a rise in crude oil prices after a slump to near 11-year lows in the previous session triggered investors' buying appetite.
The broader Nifty ended 0.66 percent higher while the benchmark BSE Sensex ended up 0.68 percent.
Reliance Industries' shares advanced 2.2 percent in the session, rising for a fourth straight day.

INDIAN ADR’S NEWS
• Indian ADRs ended higher on Tuesday.
• In the IT space, Infosys was gained 0.27 percent at USD 16.79.
• Wipro was up 0.13 percent at USD 12.01.
• In the banking space, ICICI Bank added 0.05 percent at USD 7.27.
• HDFC Bank jumped 1.17 percent at USD 58.51.
• In the other sectors, Tata Motors was up 0.65 percent at USD 27.86.
• Dr Reddy’s Laboratories gained 0.22 percent at USD 44.50.

The market has opened in green with eyes on FOMC meeting tonight. The Sensex is up 92.40 points or 0.4 percent at 25412.84, and the Nifty up 24.35 points or 0.3 percent at 7725.25. About 193 shares have advanced, 34 shares declined, and 12 shares are unchanged. M&M, Wipro and Tata Motors are major losers while NTPC, TCS, HDFC twins and Tata Steel. Wipro on Wednesday said that its December quarter revenue and margins could be lower-than-expected on account of the Chennai floods that led to hundreds of deaths in India's fifth largest city. Wipro - India's third biggest outsourcer - has multiple facilities in Chennai with over 22,000 employees.

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