The trends on Gift Nifty also indicate a flat-to-positive start for the Indian benchmark index. The Gift Nifty was trading around 25,145 level, a premium of nearly 15 points from the Nifty futures’ previous close.

On Wednesday, the Indian stock market exhibited a positive atmosphere at the opening bell, reflecting positive investor sentiment driven by the favourable outcome of the recent elections for the incumbent party.

Nifty IT extended its winning streak for the fourth consecutive session, rising 0.8 percent ahead of the Q2 FY25 earnings season, driven by gains in Tech Mahindra, HCLTech, and TCS.

Indian shares open higher ahead of RBI policy meeting, expected to keep rates unchanged, with focus on inflation risks.

Sensex and Nifty higher on Wednesday ahead of the Reserve Bank of India's policy meeting, where the central bank is expected to maintain interest rates.

Benchmark Nifty 50 index, after a rebound on Tuesday, faces a resistance in the 25,150-25,300 zone . The Iran-Israel war led to a rise in crude oil prices, though, which means no rate cut is expected during the RBI policy outcome,

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.

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,885 level, a discount of nearly 100 points from the Nifty futures’ previous close.