Markets may remain steady; SBI, HPCL, Adani Green in focus

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Key companies which will announce June quarter results today are State Bank of India, Titan Company, Adani Green Energy, Godrej Consumer Products, Adani Total Gas, ICICI Lombard General Insurance Company, Bosch, Tata Communications and Hindustan Petroleum among others.
MUMBAI: Markets are likely to stay higher on Wednesday while trends in SGX Nifty suggest a positive opening of Indian benchmark indices. On Tuesday, markets hit record high with the BSE Sensex at 53,823.36, up 872.73 points or 1.65%. The Nifty ended at 16,130.75, up 245.60 points or 1.55%.

Asian shares advanced to one-week highs on Wednesday, led largely by strong US corporate earnings, although the mood remained cautious as the rapidly spreading Delta variant of the coronavirus clouds the global economic outlook.

MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.1% to the highest since July 26. Japan's Nikkei was in the red as were Chinese shares with the blue-chip index off 0.2%.

Australian shares were a touch firmer but sentiment was marred by an unabating rise in Delta infections in Sydney, the country's biggest city.

Stronger-than-expected profits from US companies in recent weeks have ratcheted up already high Wall…
Nasrin Sultana
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