The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,405 level, a premium of nearly 140 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.

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 market is expected to be under intense pressure with strong headwinds. Brent crude is above $81 per barrel, while sharper than expected surge in US jobs data coupled with consistent FIIs selling and Q3 earnings have taken a toll on the market.

The Nifty moved within a range and ended higher for the second consecutive day on Wednesday. Experts believe that the US CPI and retail sales data, along with the ongoing Q3 earnings reports, will be the main factors influencing the market in the short term.

The Nifty 50 ended the session with a gain of 0.35% at 23,167, while the Sensex closed at 76,500 marking a 0.22% increase from the previous close. Likewise, the Nifty Smallcap 100 index rose by 1.97% and the Nifty Midcap 100 index concluded the day with a gain of 2.

Domestic benchmark indices on Wednesday continued range bound activity, the Nifty ends 37 points higher while the Sensex was up by 224 points. Among Sectors, Capital Market Index was the top gainer, rallied nearly 4 percent whereas Media,

Indian benchmark indices ended trading on Wednesday in the positive territory after beginngint the session on a higher. The BSE Sensex settled for the day at 76,724, climbing more than 200 points, while the NSE Nifty50 ended trading above the 23,

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.