Indian equities nudged 0.3 per cent higher on Wednesday, with Reliance Industries leading the gains, helped by small gains in Asia. Investors however remained cautious after the main index rose 3.4 per cent last week, posting the best weekly gains so far in 2010. Today we expect the market to open higher on positive global cues.

US Stocks rose on Wednesday, with the Nasdaq ending at its highest level in more than 18 months, on strength in the financial services sector and an upbeat report on wholesale inventories. Both Dow Jones Industrial Average & Nasdaq edged higher by 0.1% & 0.8% respectively.  

Asian markets are also trading higher at this point in time with Hang Seng & Nikkei up 0.2% & 0.9% respectively. Indian ADR’s ended up across the board with the exception of Wipro which was down marginally. Among other Tech ADRs, Satyam & Infosys ended up 0.6% a piece. Financials witnessed buying with both ICICI Bank & HDFC Bank registering gains of 0.2% & 4.6% respectively. Sterlite & Tata Motors too ended up 0.5% & 0.7% respectively.