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.

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 benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 24,795.75, while Sensex ended at 81,050.00. Overnight, Wall Street indices ended lower. Asian stocks declined in early morning trade today.

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.

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.

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

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 25,250 level, a premium of nearly 60 points from the Nifty futures’ previous close.

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 Nifty 50 closed the session with a gain of 0.88%, finishing above the 25,000 mark at 25,013 points. Similarly, the Sensex wrapped up the day with a 0.70% increase, settling at 81,616 points.