Mumbai, India (BBN)-Indian stocks markets are poised to open higher, tracking a rally on Wall Street.
However, the gains look to be capped as Asian markets trade mixed, reports the NDTV.
Hopes of a breakthrough in GST bill and expectations of fresh stimulus from the European Central Bank have supported Indian markets in the past few sessions.
The Reserve Bank of India in its policy review yesterday left the door open for more monetary easing after keeping rates on hold as widely expected.
Rohit Srivastava of Sharekhan says investors should be positive about markets while broader indices are leading recovery.
The midcap and smallcap indices were trading higher Wednesday.
Metal stocks led the gains today, following overnight gains in commodity prices.
Vedanta, Tata Steel and Hindalco were among the major Nifty gainers.
Oil & gas stocks also perked up today with GAIL, RIL and ONGC among major Nifty gainers.
Asian stocks stuttered in early trade on Wednesday while the dollar retreated from 8-1/2-month highs.
Japan’s Nikkei dipped 0.2 per cent, Australian stocks lost 0.5 percent and South Korea’s Kospi shed 0.3 per cent.
MSCI’s broadest index of Asia-Pacific shares outside Japan stood flat.
The Dow and S&P 500 both gained about 1 percent on Tuesday thanks to a rebound in health and consumer shares.