Indian equity markets are expected to start Wednesday’s session on a positive note, following gains in broader Asian markets and a decline in global oil prices below $100 per barrel. The easing of oil prices has improved investor sentiment, particularly amid hopes of renewed diplomatic engagement between the United States and Iran.
Gift Nifty futures were trading at 24,228 as of early morning, reflecting a gain of 74.3 points or 0.31%. This suggests that the benchmark Nifty 50 index could open higher compared to Monday’s closing level of 23,842.65.
It is important to note that domestic markets remained closed on Tuesday due to a public holiday.
Meanwhile, global developments continue to influence market direction. Reports indicate that US Middle East envoy Steve Witkoff is expected to meet Iranian officials in Pakistan over the coming days. This follows a pause in talks last weekend, raising hopes that negotiations may resume and ease geopolitical tensions.
