India stocks were lower after the close on Wednesday, as losses in the Fast Moving Consumer Goods, Healthcare and Oil & Gas sectors led shares lower. At the close in NSE, the Nifty 50 lost 0.12%, while the BSE Sensex 30

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.

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.

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.

Nifty-50 index that continues its correction phase has declined below the crucial support of 25100-25000 levels recently and could slide down towards another lower support of around 24500-24400 in the near term,

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.

Trent, Adani Enterprises, Adani Ports, Bharat Electronics, M&M were among the top gainers on the Nifty, while losers were Tata Steel, SBI Life Insurance, Titan Company, JSW Steel and Bajaj Finserv.

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.

Despite some analysts hoping that foreign portfolio investment (FPI) outflows from India might reverse, further declines in Indian stocks cannot be dismissed, as per experts.