The Indian stock market indices, Sensex and Nifty 50, are likely to open higher on Wednesday, tracking gains in global peers.The trends on Gift Nifty also indicate a positive start for the Indian benchmark index.

Reliance Industries Ltd., HDFC Bank Ltd., Maruti Suzuki Ltd., Kotak Mahindra Bank Ltd., Larsen & Toubro added to the Nifty 50 index.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 23,440.00, while Sensex ended at 77,378.91. On Friday, Wall Street indices ended lower. Asian markets were under pressure in early trade today.

Resistances for the benchmark Nifty-50 index is seen at 23,340 and 23,500, while on the downside 23,047 becomes the base for the short term, said analysts.

The Indian equity market closed in the green on Tuesday amid favourable domestic and global cues, as Adani Enterprises was the top Nifty 50 gainer.

Indian markets experienced a sell-off on Monday, reflecting the trend in global markets, following strong US payroll data that indicated fewer rate cuts in 2025. Analysts predict short-term volatility,

The market is expected to be under intense pressure with strong headwinds. Brent crude is above $81 per barrel, while sharper than expected surge in US jobs data coupled with consistent FIIs selling and Q3 earnings have taken a toll on the market.

Domestic benchmark indices on Wednesday continued range bound activity, the Nifty ends 37 points higher while the Sensex was up by 224 points. Among Sectors, Capital Market Index was the top gainer, rallied nearly 4 percent whereas Media,

Indian benchmark indices ended trading on Wednesday in the positive territory after beginngint the session on a higher. The BSE Sensex settled for the day at 76,724, climbing more than 200 points, while the NSE Nifty50 ended trading above the 23,

The gains were led by Reliance Industries Ltd, Maruti Suzuki India Ltd, Larsen & Toubro and Zomato Ltd. The BSE Sensex rose 248.07 points or 0.32 per cent to 76,747.70. Nifty stood at 23,231.40, up 55.