The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 23,325 level, a discount of nearly 52 points from the Nifty futures’ previous close.

Reliance Industries Ltd., HDFC Bank Ltd., Maruti Suzuki Ltd., Kotak Mahindra Bank Ltd., Larsen & Toubro added to the Nifty 50 index.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 23,440.00, while Sensex ended at 77,378.91. On Friday, Wall Street indices ended lower. Asian markets were under pressure in early trade today.

Nifty 50 index now faces immediate resistance at 23460, with potential for further upside toward its 200-day EMA (exponential moving average) at 23,680. The support level has moved higher to 23150, as

India's domestic benchmark indices ended lower on Friday as selling was seen in the IT and Financial service sectors.

The Indian equity market closed in the green on Tuesday amid favourable domestic and global cues, as Adani Enterprises was the top Nifty 50 gainer.

For the benchmark Nifty 50 Index 23260 would be the key level to watch out for and above the same market could bounce back till 23350-23400, said experts

The stock markets started trading on Wednesday in the positive territory following a firm trend seen in the Asian indices. The BSE Sensex rallied a little over 400 points to cross 76,900 in early trade,

The gains were led by Reliance Industries Ltd, Maruti Suzuki India Ltd, Larsen & Toubro and Zomato Ltd. The BSE Sensex rose 248.07 points or 0.32 per cent to 76,747.70. Nifty stood at 23,231.40, up 55.

Indian benchmark indices Nifty and Sensex ended on Tuesday with modest gains, breaking a four-day losing streak, as a strong rally in banking, metal, and energy stocks lifted sentiment. However, a selloff in IT and FMCG stocks kept investors cautious.