Overnight in the US, Nasdaq rallied over a per cent, the S&P 500 gained 0.7 per cent and Dow Jones was up 0.3 per cent. Closer home, Hang Seng surged 2 per cent. Nikkei and Taiwan jumped over a per cent each.
At 07:30 AM, the GIFT Nifty futures quoted at 19,557, indicating a gap-up of more than 50 points on the Nifty 50.
Meanwhile, these stocks are likely to see some action in trade on Thursday.
Results today: AngelOne, Aditya Birla Money, Compuage Infocom, Federal Bank, Sterling and Wilson Renewable Energy Tata Metaliks, Unitech and Wipro among 19 companies scheduled to announce June quarter earnings on Thursday.
Hindalco: The company’s board has approved a proposal to sell land situated in Maharashtra. The deal could be worth near about Rs 6,000 crore.
SpiceJet: The low-cost airline on Wednesday said its promoter Ajay Singh has decided to infuse Rs 500 crore in the airline by subscribing fresh equity shares and/or convertible instruments.
Vedanta: The company will enter the market for the manufacturing of chips and displays this year, group chairman Anil Agarwal said on Wednesday, days after its joint-venture partner Foxconn pulled out of the $19.5 billion chipmaking project.
Deep Industries: The company has won an order worth Rs 1,300 crore from ONGC.
Future Enterprises: The debt-ridden firm has received expressions of interest (EoIs) from Jindal (India), Reliance Retail Ventures, and GBTL, the company said in its stock exchange filing.
Tyre stocks: India’s tyre demand is expected to grow 6-8 percent in Financial Year 2023-24 (FY24) due to replacement and the needs of original equipment manufacturers (OEM), said rating agency Icra in a recent report.
Stocks in F&O ban: Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, PNB and Zee Entertainment are the six stocks in F&O ban period on Thursday.