Sensex, Nifty Seen Higher At Open

(RTTNews) - Indian shares may see modest gains at open on Wednesday despite mixed cues from global markets.

On Tuesday, benchmark indexes Sensex and Nifty ended modestly higher, recovering after four straight days of losses after data showed India's retail inflation dropped to a four-month low in December.

The rupee recovered from a record low to settle 8 paise higher at 86.62 against the greenback.

Foreign institutional investors (FIIs) sold shares worth Rs 8,132.26 crore on a net basis Tuesday, while domestic institutional investors (DIIs) were net buyers to the extent of Rs 7,901.06 crore, according to provisional data available on the NSE.

On the earnings front, HDFC Life Insurance Company, L&T Technology Services and Bank of Maharashtra are among the prominent companies releasing their quarterly results today.

Asian stocks were mixed this morning despite reports that Donald Trump's incoming economic team may consider gradual tariffs.

The dollar steadied after falling for the first time in six sessions following the tariff report.

Gold ticked lower in cautious trade and oil prices were muted, with upcoming U.S. CPI data and earnings from the biggest U.S. banks in focus.

U.S. stocks fluctuated before ending narrowly mixed overnight as data showed producer prices rose by slightly less than expected in December, offering temporary relief to investors worried about inflation and interest rates.

The Dow rose half a percent and the S&P 500 inched up by 0.1 percent while the tech-heavy Nasdaq Composite eased 0.2 percent.

European stocks gave up early gains to end mixed on Tuesday amid EU political uncertainty and fears about U.S. tariffs under the Trump administration.

The pan European STOXX 600 ended flat with a negative bias. The German DAX climbed 0.7 percent and France's CAC 40 gained 0.2 percent while the U.K.'s FTSE 100 eased 0.3 percent.