Market LIVE: Gap-up open likely as SGX Nifty rises 250 pts; Brent at $101

Stock market live updates: Tracking strong global cues, the key benchmark indices are likely to start Wednesday's session on a fairly higher note as per trends indicated by the SGX Nifty futures, which were quoting 16,900 levels at 7:45 am, signalling a 200 points gap-up start. 

Easing oil and commodity prices are supporting global market recovery with the focus on US Fed's policy outcome later today. 

Investors are also tracking updates on the ongoing Russia-Ukraine negotiations that have not made any breakthrough progress so far.

While, the two sides will continue their talks today, US Joe President Biden will attend NATO and EU summits in Brussels next week, reports said. This comes as Russia on Tuesday imposed sanctions on Biden and other US officials, barring their entry to the country. 

Back home, among stocks, airlines may be on the radar as ATF prices have been hiked by 18.3 per cent to Rs 1,10,666/Kl from Rs 93,531/Kl, this is said to be the biggest hike since June 2020. 

This apart, REC may also be watched out for as the company has scheduled its board meeting on March 21 to consider a proposal for approval of market borrowing programme for FY22-23.