Indian equities seen firm on gains in Asia, Bharti Airtel shares in focus

Mumbai: Indian stock markets are expected to trade firm on Wednesday tracking gains in global peers. Domestic investors will shift their focus to the Reserve Bank of India’s monetary policy review statement, due on Thursday. The market widely expects the central bank to hold key interest rates steady.

Asian stocks steadied on Wednesday on hope of additional Chinese stimulus to lessen the economic impact of the coronavirus outbreak, but risks remain as the illness continues to spread, with death toll nearing 500.

The MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.3%. Australian shares advanced 0.6%, while Japan’s Nikkei stock index rose 1.2%.