Ahead of Market: 10 things that will decide D-Street action on Wednesday
Indian equity benchmarks closed higher for the fourth consecutive day on Tuesday, supported by gains in banking, financial, capital goods, and industrial stocks, amid positive Q4 results and expectations of a normal monsoon season. The RBI annual report also suggested that India remains in an advantageous position, despite the uncertain global outlook. The Nifty rose 0.2% to close above 18,633, while the Sensex gained 123 points. The US and European markets remained cautious, with the Nasdaq closing higher. The MACD showed bullish trades on Tata Steel, Marksans Pharma, REC, NTPC, and India Cements, while Samvardhana Motherson, Stove Kraft, DLF, Apollo Hospitals, and GMDC saw bearish signs.