Sensex, Nifty likely to open lower; IDBI Bank, Sun Pharma, Hindalco in focus

Indian benchmark indices BSE Sensex and NSE’s Nifty50 are set for a positive start on Wednesday in line with gains in global markets. Asian shares edged higher over hopes that the worst of the coronavirus in China may have passed. At 7:07 am, the SGX Nifty was trading 29 points or 0.24 percent higher at 12,156, indicating a positive opening for the Sensex and Nifty50.In stocks to watch out for today, Allahabad Bank, IDBI Bank and Ircon International, among others, reported their Q3 results. Titan acquired Hyderabad-based wearable and IoT platform startup HUG Innovations.