Sensex and Nifty 50 are likely to open flat on Wednesday as investors take cues from mixed overnight global market trends.

Asian markets traded higher, whereas US stocks closed lower overnight, ending the S&P 500’s seven-day winning streak.

However, on Tuesday, Indian equities extended their rally for the fourth straight session, with both benchmark indices closing higher.

Domestic Market Recap

On Tuesday, Indian indices closed in the green:

• Sensex gained by 136.63 points (0.17%) to close at 81,926.75
• Nifty 50 moved up by 30.65 points (0.12%) to settle at 25,108.30

Gift Nifty

Gift Nifty was trading near 25,212, around 13 points higher than the previous Nifty futures close, hinting at a positive start for Indian markets.

Overnight Wall Street Performance

The US stock market closed lower on Tuesday as investors booked profits, bringing an end to the S&P 500’s seven-day winning streak.

• The Dow Jones Industrial Average slumped by 91.99 points (0.20%) to close at 46,602.98.
• S&P 500 down by 25.69 points (0.38%), ending at 6,714.59.
• The Nasdaq Composite was trading lower by 153.30 points (0.67%), finishing at 22,788.36.

Gold Prices 

Gold prices surged to a record high, hitting the $4,000 per ounce mark. 

• Spot gold was trading 0.3% higher at $3,995.14 per ounce.
• The US gold futures increased by 0.3% to $4,016.30.

Overnight Major Global Events Driving Sentiment

1. India-US Trade Deal: Commerce and Industry Minister Piyush Goyal said India and the United States are actively continuing discussions on the proposed bilateral trade agreement (BTA) and are working toward meeting the November 2025 deadline.
2. Keir Starmer India Visit: UK Prime Minister Keir Starmer began a two-day visit to India on Wednesday, accompanied by over a hundred leaders from the business, culture, and education sectors, aiming to strengthen ties and promote the recently signed trade deal.
3. Japan Real Wages: Real wages in Japan declined for the eighth consecutive month in August, dropping 1.4% year-on-year, as inflation continued to erode household purchasing power.

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