Indian benchmarks are expected to start the day on a positive note on Wednesday, but it would remain at loggerheads once again as the global setup remains mixed, with stock-specific action expected to be high amid earnings announcements.

In Asia, most indices tracked a weak Wall Street finish to open in the red. Japan's Topix index fell 0.5 % and Australia’s S&P/ASX 200 lost 0.1 per cent although Hong Kong's Hang Seng was up 1.45 %.

About 60 companies, including Maruti Suzuki India, Nestle India, Birlasoft, Central Bank of India, Geojit Financial Services, Route Mobile, Tata Coffee, TCI Express, United Breweries and UTI Asset Management Company will release their quarterly numbers later today.

On Tuesday, the 30-share benchmark index ended at 52578.76 down by -273.51 points or by -0.52 % and then NSE Nifty was at 15746.45 down by -78 points or by -0.49 %.

On the global front, US stocks fell, ending a five-day winning streak in the three major indexes, as investors were cautious before results from top tech and internet names and Wednesday's Federal Reserve announcement. The Dow Jones Industrial Average fell 0.24 per cent, the S&P 500 lost 0.47 per cent and the Nasdaq Composite dropped 1.21 per cent.

Back home, Top traded Volumes on NSE Nifty – Tata Motors Ltd. 55132877.00, Hindalco Industries Ltd. 28240273.00, ITC Ltd. 24436949.00, State Bank of India 24119619.00, Axis Bank Ltd. 15441543.00.

On NSE, total number of shares traded was 30.44 Crore and total turnover stood at Rs. 70711.31 Crore.

On NSE Future and Options, total number of contracts traded in index futures was 357277 with a total turnover of Rs. 29466.04 Crore. Along with this total number of contracts traded in stock futures were 1918282 with a total turnover of Rs. 153433.41 Crore.

Total numbers of contracts for index options were 51893416 with a total turnover of Rs. 4356686.28 Crore. and total numbers of contracts for stock options were 3700541 with a total turnover of Rs. 301093.87 Crore.

The FIIs on 27/07/2021 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 5743.28 Crore and gross debt purchased stood at Rs. 75.85 Crore, while the gross equity sold stood at Rs. 7963.19 Crore and gross debt sold stood at Rs. 17.94 Crore. Therefore, the net investment of equity and debt reported were Rs. -2219.91 Crore and Rs. 57.91.