The trends on Gift Nifty also indicate a flat start for the Indian benchmark index. The Gift Nifty was trading around 24,540 level, a discount of nearly 7 points from the Nifty futures’ previous close.

Indian benchmark equity indices, Sensex and Nifty50, opened marginally higher on Wednesday for the fourth straight session, driven by gains in heavyweight stocks like HDFC Bank, ITC, and L&T, ahead of the interest rate decision by the Reserve Bank of India later this week.

Sensex erases early gains; PSU banks and midcaps shine amid volatility as expectations of RBI liquidity measures lift financial stocks. Auto and metal indices drag markets lower.

The trends on Gift Nifty also indicate a muted start for the Indian benchmark index. The Gift Nifty was trading around 24,435 level, a premium of nearly 7 points from the Nifty futures’ previous close.

HDFC Bank, NTPC Green Enerngy, Mazagon Dock, Bharat Electronics and Ola Electric are among the most active shares on the NSE. Except auto and pharma, all other sectoral indices are trading in the green.

The BSE Sensex has now gained around 1,900 points in the last four trading sessions; Bajaj Finserv, NTPC and Titan were the other top gainers among the Sensex 30 shares on Wednesday

For the benchmark Nifty 50 index, while 24,350 - 24,250 zone may act as support, 24,550 - 24,625 zone will act as crucial resistance zones for the bulls, said experts.