Indian equity markets ended higher on Wednesday, tracking gains from global counterparts, supported by positive earnings outlook for H2FY25. However, Thursday’s session is expected to begin on a cautious note due to mixed global cues and the monthly expiry of futures and options (F&O) contracts, which could heighten volatility.

Investors in Asia-Pacific are closely watching the U.S. Q3 GDP data, which met expectations, while foreign fund inflows may boost local sentiment. Notably, Foreign Institutional Investors (FIIs) bought shares worth ₹7.78 crore on November 27. Optimism may also come from a report by India Ratings, projecting a fiscal deficit of 4.75% in FY25, aided by fiscal discipline. Additionally, public sector banks (PSBs) will be in focus as they received approval to raise ₹25,200 crore for growth and regulatory compliance.

Adani Group stocks will attract attention following a report that senior executives of Adani Green Energy have not faced charges under the U.S. Foreign Corrupt Practices Act (FCPA). The paper industry may react to concerns raised by manufacturers over cheap imports impacting local producers.

Meanwhile, U.S. markets fell on Wednesday amid concerns about inflation and potential delays in interest rate cuts. Asian markets opened mixed on Thursday, reflecting caution despite aligned inflation data.

On the domestic front, Indian indices saw gains driven by a surge in Adani stocks and fresh FII inflows. GST collections for November are anticipated to cross ₹1.87 lakh crore, fueled by festive demand, marking one of the highest monthly collections. Additionally, reforms in the insolvency framework are expected to accelerate the resolution process for stressed assets.

The BSE Sensex closed 230 points higher at 80,234, while the Nifty gained 80 points, ending at 24,275.