Opening Bell: Sensex, Nifty to open higher on firm global cues; HAL, Eicher Motors, Tata Power, Jubilant Foodworks Q4 results eyed

The Indian share market is seen opening higher on Wednesday after a rally in U.S. stocks overnight and firm trading in Asian markets. At 8:30 AM, the GIFT Nifty futures were up 96 points, or 0.39%, at 24,732, indicating a gap-up start for domestic benchmark indices, the BSE Sensex and the NSE Nifty.

In the previous session, domestic bourses ended lower as investors booked profits and took a breather after a strong ceasefire-led rally on Monday. The sell-off was seen in large-cap stocks, while mid- and small-cap segments continue to gain traction as retail investors bought beaten-down stocks. The BSE Sensex tumbled 1,281.68 points, or 1.5%, to close at 81,148.22 levels, and the NSE Nifty50 settled at 24,578.35, down by 346.35 points, or 1.39%. However, the broader markets showed resilience and ended in positive terrain, with the BSE Midcap closing 0.17% higher, while the BSE Smallcap climbed 0.99%.

Investors will react to the earnings reports of Tata Motors , Hero MotoCorp , Bharti Airtel, Siemens , Bharti Hexacom , Cipla , GAIL India , Garden Reach Shipbuilders & Engineers .

Meanwhile, traders will keep a close eye on earnings reports of Hindustan Aeronautics Limited (HAL) , Eicher Motors , Tata Power , Jubilant Foodworks , Lupin , Muthoot Finance , and Torrent Power , which are set to be released today.

Wall Street rallies on slower inflation; S&P 500 erases 2025 losses

U.S. stocks ended higher in overnight trade on Tuesday as the sentiment was lifted by slower-than-expected inflation in April. Investors continued to cheer the U.S.-China trade deal, while the latest consumer inflation report also increased optimism about interest-rate cuts by the the Federal Reserve later this year.

The S&P 500 ended 0.7% higher as Nvidia shares surged 5.6% after it announced that it will supply 18,000 of its high-end AI chips to Saudi Arabia. With this, the S&P 500 reversed its year-to-date losses amid a sharp turnaround in the last one month, driven by easing trade tensions and concerns about economic growth.

The tech-heavy Nasdaq Composite rallied 1.8%, while the Dow Jones Industrial Average slipped 0.64% due to 18% fall in UnitedHealth shares.

Barring Japan and China, Asian shares extend rally on U.S.-China trade deal

Shares in the Asia-Pacific region traded mostly higher on Wednesday, barring Japan and China, amid continued euphoria over the U.S.-China trade deal. The positive closing at Wall Street also boosted investor sentiment. Asian investors will keep a close watch on Chinese tech stocks as the country’s most valuable firm, Tencent Holdings Ltd, will announce its earnings today, while Alibaba Group Holding Ltd will unveil its results a day after.

Japan’s Nikkei 225 dropped 0.8%, while China’s Shanghai Composite fell 0.2% in early trade, and Singapore’s Straits Times slid 0.3%. On the other hand, South Korea’s Kospi, Hong Kong’s Hang Seng, and Taiwan Weighted index rallied over 1%. Meanwhile, Australia’a ASX 200 ended flat with marginal losses.

(DISCLAIMER: The views and opinions expressed by investment experts on fortuneindia.com are either their own or of their organisations, but not necessarily that of fortuneindia.com and its editorial team. Readers are advised to consult certified experts before taking investment decisions.)