The market closed in the green on Tuesday with the NSE Nifty at 10,619 points and the BSE Sensex at 34,619 points.
NSE
Here's what you should know before the opening bell:
Bharti Airtel
-India's largest telecom operator, Bharti Airtel, reported 72.8% drop in net profit at Rs 83 crore in the fourth quarter ended March 31, 2018.Revenue fell 3.4% to Rs 19,634 crore in the fourth quarter of 2017-18 compared to Rs 21,935 crore in the corresponding period last fiscal.
Gold prices edged higher on Wednesday as most global stock markets fell and as the U.S. dollar eased below an over three-month high hit in the previous session.
Income Tax department issued a draft notification in which it specified transactions that would benefit from the grandfathering clause of the long-term capital gains (LTCG) tax provision.Grandfathering benefits of LTCG would be applicable even where securities transaction tax (STT) is not paid.
Asian shares were under pressure on Wednesday, with a rise in U.S. bond yields above the 3% threshold and warnings from bellwether U.S. companies of higher costs driving fears that corporate earnings growth may peak soon.
US market ended lower with benchmark indices Dow Jones, S&P 500 and Nasdaq down by more than 1%.