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Indian market is expected to trade higher on Wednesday. S&P BSE Sensex increased by more than 400 points whereas Nifty50 closed above 18700 levels on Tuesday. India VIX is down to 1.16%, from 11.24 to 11.11 levels. Minor Call writing is perceived at 18900 then 18800 strikes while meaningful Put writing is seen at 18700 then 18650 strikes.“Options data suggests a trading range in between 18500 to 18900 while an immediate trading range is between 18600 to 18800 zones.” Several stocks are recommended by experts for traders with a short-term trading horizon.

Canara Bank, Shankara Building Products, and Tata Chemicals shares have turned ex-dividend with respect to the dividends announced by the companies. Canara Bank approved a dividend of Rs 12 per share, Shankara Building Products declared Rs 2.5 per share dividend, and Tata Chemicals announced a dividend of Rs 17.50 per share. Shares of companies usually trade ex-dividend on the day or a day before the record date.

The BSE Sensex was trading 13 points or 0.02% higher at 63,156. Nifty50 was trading at 18,723, up 7 points or 0.04% at around 9.23 am.

Leading brokerage firms have recommended buy and underweight ratings for various companies. Jefferies has maintained a buy rating with a target price of Rs 1100 for SBI Cards and Payment Services. JPMorgan downgraded Persistent Systems to underweight with a target of Rs 4100. Emkay recommends a buy rating on Karur Vysya Bank with a target price of Rs 165, while ICICIdirect recommends a buy call with a target price of Rs 200 on PCBL.

The Nifty Realty index was trading 0.45 per cent down at 518.35.

A total of 161,219 shares changed hands on the counter till 10:05AM (IST)

Stock attempting upside breakout of crucial hurdle of down trend line at Rs 130 levels.

Shares of Tata Chemicals and Canara Bank will be in focus today as the companies will go ex-dividend today. Tata Chemicals has also followed Nirma with downward revision of Soda Ash prices.

It may be relevant for some of the other public sector banks, but certainly not for us because we are very-very mindful in terms of the RAROC and each credit proposal which we evaluate, we have a threshold level of the RAROC and we ensure that it must meet that RAROC.

​So the time for India has come now that the macros are doing better. FIIs are looking back into the country. And so far we have not seen the movement as much as we should, as we have seen in the rest of the world.