Sensex closes 15 points down
the release of Q3 FY'12 results outcome," said Shanu Goel, Research Analyst at Bonanza Portfolio.
"Tomorrow's session will be influenced by result outcome of Bajaj Auto and HDFC Bank," she added.
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SHARES (PREOPEN): Sensex seen higher; TCS, airlines in focus
Sensex is expected to nudge higher on Wednesday, as markets continue to stay upbeat on positive domestic macroeconomic news and investors are buoyed by good quarterly results from the country's top software services exporter.
Tata Consultancy Services, which heads India's $76 billion IT services industry, met estimates with a 23 percent rise in quarterly profit and allayed fears that the crisis in the euro zone would hit the industry's growth.
The main stock index climbed to its highest close in almost six weeks on Tuesday as investors eyed a potential easing of monetary policy by the central bank on the back of encouraging inflation data and digested better than expected Chinese GDP growth data.
There is more pipeline negative news from the euro zone but domestic cues are now supportive of equity assets, Moses Harding, head of market research at IndusInd Bank, wrote in a note on Wednesday.
Airline shares are seen opening higher after the country's aviation ministry said late on Tuesday it would recommend the government allow foreign airlines to buy stakes of up to 49 percent in struggling carriers.
Jet Airways, Kingfisher Airlines and SpiceJet all gained strongly on Tuesday in anticipation of a decision on the issue.
Essar Oil is expected to open
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