Market Update

The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Wednesday, tracking upbeat global market cues, amid hopes of a peace deal between US and Iran. The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 24,322 level, a premium of nearly 216 points from the Nifty futures’ previous close. On Tuesday, the Indian stock market ended lower, with the Nifty 50 slipping below 24,100 level. The Sensex dropped 251.61 points, or 0.33%, to close at 77,017.79, while the Nifty 50 settled 86.50 points, or 0.36%, lower at 24,032.80.