Pre-market: Will Sensex, Nifty extend gains for a second day? Here’s what trends suggest

Indian equity benchmarks, the Sensex and Nifty, are expected to open flat with a positive bias on Wednesday, reflecting muted global market trends. The flattish movement on Gift Nifty also indicates a subdued start for domestic bourses, as Nifty futures were trading 25 points, or 0.11%, higher at 23,290.

In overnight trade, U.S. markets saw choppy movement as investors turned cautious ahead of the crucial inflation data, which could offer insights into the Federal Reserve's rate trajectory. Ahead of Wednesday’s CPI report, the S&P 500 edged up 0.11%, while the Dow Jones Industrial Average rose 0.52%, marking its second consecutive session of gains. However, the tech-heavy Nasdaq Composite continued its losing streak for the second day, closing 0.23% lower.

Following a subdued U.S. session, Asian stocks also traded lacklustre as investors awaited key U.S. inflation data. Japan’s Nikkei 225 rose 0.35% after declining nearly 2% in the previous session, while China’s Shanghai Composite and Hong Kong’s Hang Seng slipped up to 0.25% each. Australia’s ASX 200 was marginally higher by 0.2%, and South Korea’s KOSPI gained 0.4%.

On Tuesday, domestic markets closed higher, snapping a four-session losing streak amid broad-based gains. The 30-share Sensex climbed 169.62 points, or 0.22%, to settle at 76,499.63, while the Nifty50 gained 90.10 points, or 0.39%, to end at 23,176.05. Broader markets saw strong momentum, with the Nifty Midcap100 and Nifty Smallcap100 indices surging 2.45% and 1.98%, respectively.

Stocks to watch

Earnings Today:

L&T Technology Services, CEAT, Bank of Maharashtra, Mahindra EPC Irrigation, NELCO, HDFC Life Insurance, Aeroflex Industries, Oracle Financial Services Software, Oriental Hotels, Punjab & Sind Bank, Reliance Industrial Infrastructure, TCI Industries, and others are set to release their quarterly earnings.

Earnings Released:

HDFC AMC, Hathway Cable & Datacom, Sula Vineyards, Benares Hotels, and Shoppers Stop declared their earnings post-market hours yesterday.

Key Corporate Developments:

Premier Energies: The company has secured orders worth ₹1,460 crore from two large independent power producers (IPP) and others.  

Morepen Laboratories: The company has approved the hiving off of its medical devices business to Morepen MedTech, a subsidiary of the company, on a slump sale basis. This is subject to the receipt of requisite regulatory approvals, including approval of the members of the company, and is expected to be completed on or before September 30, 2025.

Indian Railway Finance Corporation (IRFC): The company has emerged as the L1 bidder for financing ₹3,167 crore for the development of the Banhardih coal block in Latehar District, Jharkhand.

Hero MotoCorp: The country’s largest two-wheeler manufacturer has launched the new Destini 125 scooter, priced between ₹80,450 and ₹90,300.  

Adani Green Energy: The company's subsidiary, Adani Renewable Energy Forty Eight, has commissioned a 57.2 MW wind power component of its wind-solar hybrid project at Khavda (Gujarat), taking the total operational renewable generation capacity to 11,666.1 MW.

Welspun Corp: The company has signed a pact with Saudi Aramco for strategic cooperation to establish LSAW line pipe manufacturing capacity in the Kingdom of Saudi Arabia. The production capacity of this plant will be 350,000 MT per annum.

Indiabulls Enterprises: The company has launched a residential project, Indiabulls Estate & Club-I, in Gurugram.

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