Sensex, Nifty likely to open positive; HDFC, ICICI Securities, ACC, Bandhan Bank in focus

The Indian market is set for a positive start on Wednesday as oil prices slightly recovered and global cues support as Asian shares recovered after robust earnings and the S&P 500 indexes reached record closing highs on Wall Street overnight.

Oil prices inched lower on Wednesday on signs that global markets remain adequately supplied despite a jump to 2019 highs this week on Washington's push for tighter sanctions against Iran.

On Tuesday, the BSE Sensex settled at 38,565, down 80 points, while the broader NSE Nifty50 ended at 11,576, slipping 18 points. Nifty Midcap was flat while Nifty Smallcap fell 0.6 percent.

At 07:14 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was up 0.17 percent at 11,614.50, indicating a positive start for the Sensex and Nifty.

Stocks in focus: HDFC, ICICI Securities, ACC, Bandhan Bank.