Indian markets were trading positive on Wednesday with many 28 stocks in NSE Nifty trading positive while 22 trading negative. Indian markets are looking forward to the rate cut decision of the US Federal Reserve. Global markets have been range-bound and markets are expecting a 50 basis points cut by US Fed.

Among top gainers were Shriram Finance (touched 52-week high), Bajaj Finance, Hero MotoCorp, Mahindra & Mahindra, HDFC Bank and SBI Life. Markets have been rewarding companies that have reported strong quarterly results.

NSE Nifty and BSE Sensex are hovering around their all-time highs and we could see further buying in local markets. As per latest data, FIIs were bullish on Indian stocks.

Bajaj Housing Finance stock was trading slightly lower today after yesterday's strong performance. Bajaj Housing Finance listed on Monday and has offered strong returns to IPO investors.

Investors can expect volatile session today and after US Federal Reserve's decision, we could see a more decisive move in the local markets.