Sensex, Nifty Likely To Open Higher; Sgx Nifty Indicates A Positive Start

First up, here is quick catchup of what happened in the markets on Tuesday

The Indian equity benchmark indices slipped from record-high levels to end flat on Tuesday as gains in auto and IT stocks were capped by losses in banking, financials and FMCG counterparts. The Sensex ended 14.25 points, or 0.03 percent higher at 52,588.71, while the Nifty gained 26.25 points, or 0.17 percent to close at 15,772.75. Broader markets were mixed with the midcap index flat while smallcap index up 0.5 percent. Among sectors, gains were seen in Nifty Auto, Nifty IT and Nifty Metal indices, while bank, FMCG, realty and financial services ended in the red.