Indian stock markets on Wednesday are likely to consolidate more. Trends in SGX Nifty, which indicate the movement for domestic shares, suggest a positive opening for benchmark indices.
Asian shares rose in early deals today following the global rally as hopes of more government stimulus bolstered riskier assets and overshadowed a host of other worries from the coronavirus to Hong Kong and growing US civil unrest.
This comes after stocks in the US, Europe and emerging markets hit their highest levels on Tuesday since early March and as bidding for riskier currencies pushed the dollar toward three-month lows and oil neared three-week highs.