The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,838 level, a premium of nearly 53 points from the Nifty futures’ previous close.

The GIFT Nifty implied that the markets would open on a higher note. It was up 68 points, or 0.28%, at 23,840. During the pre-open session, the Nifty 50 was up 62.50 points, or 0.26%, at 23,801.75, while the Sensex was up 120.79 points, or 0.15%, at 78,704.60.

India's equity benchmarks opened flat on Wednesday as the Reserve Bank of India (RBI) began its three-day monetary policy meeting. Investors are cautious, bracing for a widely anticipated rate cut to boost growth.

On February 4, Indian stock market benchmarks Sensex and Nifty 50 gained over 1%, turning positive for the year, despite concerns about weak quarterly earnings and foreign capital outflows.

Equity benchmark indices Sensex and Nifty 50 on Tuesday (February 4) zoomed more than 1 per cent each, mirroring gains in the Asian peers, as Street rejoiced US President Donald Trump’s decision to delay tariffs on Mexico and Canada for a month.

Indian benchmark indices The Sensex and Nifty surged in the second half of Tuesday, closing nearly 2 per cent higher after the US paused its planned tariffs on Canada and Mexico, providing temporary relief from escalating trade tensions.

The stock market rallied upon opening as trading began on Tuesday, February 4, 2025. Metal, auto, and PSU Bank stocks rose the most. At 9:20 am IST, the benchmark BSE Sensex was up by 481.50 points or 0.