The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 25,200 level, a premium of nearly 80 points from the Nifty futures’ previous close.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the green. Nifty 50 closed at 25,013.15, while Sensex ended at 81,634.81. Overnight, Wall Street indices staged a comeback as oil prices eased amid the ongoing tensions in the Middle East.

Within the Nifty index, several prominent companies, including Trent, BEL, Adani Ports, and Mahindra and Mahindra were among the top gainers. On the other hand, SBI Life, Tata Steel, Titan, and JSW Steel were among the top losers.

Index continued its correction phase as it ended a volaille trading session on Wednesday at 24,981.95 down 0.12%. The S&P BSE Sensex at 81,467.10 also ended 0.21% lower. The Sectoral Indices were a mixed bag as realty and pharma  gained while FMCG and energy sectors saw declines.

Trent, Adani Enterprises, Adani Ports, Bharat Electronics, M&M were among the top gainers on the Nifty, while losers were Tata Steel, SBI Life Insurance, Titan Company, JSW Steel and Bajaj Finserv.

Despite some analysts hoping that foreign portfolio investment (FPI) outflows from India might reverse, further declines in Indian stocks cannot be dismissed, as per experts.

The Nifty 50 closed the session with a gain of 0.88%, finishing above the 25,000 mark at 25,013 points. Similarly, the Sensex wrapped up the day with a 0.70% increase, settling at 81,616 points.