The BSE Sensex and NSE Nifty are likely to open in green on Wednesday tracking SGX Nifty and global markets.
At 8.07 am (IST), SGX Nifty was up 63.50 points, 0.81 per cent, at 7,886.50.
Asian shares followed Wall Street higher on Wednesday, while short-term US bond yields held near 4 1/2-year highs as investors braced for the possibility of the first interest rate hike in the United States in almost a decade.
Hang Seng, Nikkei and Shanghai were up 1.29 per cent, 1.03 per cent and 0.12 per cent at 21,732, 18211 and 3008.84, respectively.
US shares rallied over one per cent overnight, in part helped by data showing healthy growth in consumer spending though price action is likely to have been exaggerated by low trading volume ahead of the Fed’s policy verdict on Thursday.
Back home, Sensex and Nifty fell 0.58 per cent and 0.55 per cent at 25,705.93 and 7829.10 on Tuesday. The FIIs as per Tuesday’s data were net buyers in equity while they were net sellers in debt segment, according to data released by the NSDL. In equity segment, the gross buying was of Rs 2,647.93 crore against gross sell of Rs 2,511.80 crore. Thus, FIIs stood as net buyers of Rs 136.13 crore in equities. In the debt segment, the gross purchase was of Rs 603.28 crore with gross sales of Rs 719.78 crore. Thus, FIIs stood as net sellers of Rs 116.50 crore in debt.
(With inputs from agencies)