418: Sensex, Nifty likely to open higher; Telecom, ZEEL, HDFC AMC in focus
Indian shares are expected to open higher on Wednesday after heavy sell-offs in the last two sessions and as poor economic growth outlook raises prospects of further government measures in the Budget. The SGX Nifty, an indicator of the opening for Nifty50, was trading 31 points or 0.25 percent higher at 12,222 at 7:03 am, hinting at a positive start for the domestic market. However, investors may remain cautious amid the ongoing earnings season and as they await the Union Budget 2020. Among the stocks in news today, Zee Entertainment, HDFC AMC and Polycab India reported Q3FY20 earnings and the DoT approved raising FDI limit in Bharti Airtel to 100 percent.
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