GIFT Nifty declined on Wednesday, pointing to a subdued opening for Indian equities. Weak cues from global markets and persistently high crude oil prices dampened investor sentiment, even as domestic indices had posted gains in recent sessions. The index hovered near 24,450, down 125 points or 0.51%, indicating that the Sensex and Nifty may open lower after closing higher for the third consecutive day on Tuesday. Across Asia, markets traded slightly lower in early hours, with the broader regional index slipping as investors weighed the potential duration of tensions in the Middle East. The cautious mood followed a weak close on Wall Street, where major US indices ended in the red as geopolitical risks overshadowed positive earnings expectations. Although US President Donald Trump’s move to extend the Iran ceasefire offered some relief to global markets, uncertainty over the stability of the truce continues to keep investors on edge.

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