GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Wednesday. Here’s a look at the key things to know before the market opens.

GIFT Nifty traded down by 36 points or 0.15% at 23,684.50 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 ended up by 183.45 points or 0.78% to settle at 23,721.30 while the BSE Sensex gained 712.44 points or 0.92% to 78,053.52.

“The markets edged higher, gaining over half a percent, signaling a resumption of the uptrend after a brief pause. Following an initial uptick, Nifty traded within a range during the first half, but selective buying in heavyweight stocks, particularly from the banking…