India, March 12 -- After ending the previous session off their worst levels but still mostly lower, stocks are likely to move to the upside in early trading on Wednesday. The major index futures are currently pointing to a sharply higher open for the markets, with the S&P 500 futures up by 1.3 percent.
The futures advanced following the release of a closely watched Labor Department report showing consumer prices in the U.S. increased by slightly less than expected in the month of February.
The Labor Department said its consumer price index crept up by 0.2 percent in February after climbing by 0.5 percent in January. Economists had expected consumer prices to rise by 0.3 percent.
Excluding food and energy prices, the core consumer price i...