Indian equities may open lower on Wednesday, tracking bearish trends on SGX Nifty which indicates a negative opening for the broader index in India. Data showing narrowing of trade deficit and a positive close to US stocks are positive cues for Dalal Street this morning, but a rise in dollar after the Brexit vote and its impact on the rupee may hurt equities. Asian shares took a breather on Wednesday after rallying the previous day on Chinese stimulus hopes, with investors assessing Brexit options after British lawmakers trounced Prime Minister Theresa May’s deal to pull out Britain from the European Union (EU). British parliament on Wednesday rejected May's Brexit deal agreed with the EU. With just over two months to go until the scheduled Brexit date of March 29, this leaves Britain in uncertainty and the world on tenterhooks about what will happen next. MPs from all parties had opposed the agreement for different reasons. This apart, the US government shutdown reached its 25th day on Tuesday, with most of the 8 lakh employees who have been furloughed or are working without pay having missed their first paychecks last week. Back home, bearish trends in the SGX Nifty Index Futures for January delivery, were trading at 10,932.00 down by 11.00 or 0.10 per cent, at 11:06 AM, Singapore Time, also indicated a negative start for local bourses. The Indian rupee Tuesday plunged by another 13 paise to close at one-month low of 71.05 against the US dollar amid strengthening greenback and surging crude oil prices.

On the corporate front, lenders to Jet Airways are in a dilemma amid mounting expectations that they would soon cobble together a deal to keep the airline flying. Bankers have gathered the impression the Centre would prefer lenders to give some latitude to Etihad, Jet’s foreign stakeholder, for it to infuse funds. Zee Entertainment Enterprises reported 50.26 per cent year-on-year rise in consolidated profit at Rs 562.38 crore for the quarter under review against Rs 374.26 crore in the same period last year. The 30-benchmark indices closed at 36318.33 up by 464.77 points or by 1.3 per cent and then NSE Nifty was at 10886.8 up by 149.2 points or by 1.39 per cent.

Top traded Volumes on NSE Nifty – YES Bank Ltd. 82308056.00, Infosys Ltd. 19671304.00, Wipro Ltd. 15070795.00, Tata Motors Ltd. 13536578.00, ICICI Bank Ltd. 12960779.00,

On NSE, total number of shares traded was 113.46 Crore and total turnover stood at Rs. 27885.59 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 265258 with a total turnover of Rs. 18842.03 Crore. Along with this total number of contracts traded in stock futures were 738360 with a total turnover of Rs. 44073.48 Crore. Total numbers of contracts for index options were 8347224 with a total turnover of Rs. 510605.96 Crore. and total numbers of contracts for stock options were 669474 with a total turnover of Rs. 39884.06 Crore.

As on January 15, 2019, the FIIs stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 3162.16 Crore and gross debt purchased stood at Rs. 621.85 Crore, while the gross equity sold stood at Rs. 4027.62 Crore and gross debt sold stood at Rs. 812.46 Crore. Therefore, the net investment of equity and debt reported were Rs. -865.46 Crore and Rs. -190.61.