The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,520 level, a discount of nearly 40 points from the Nifty futures’ previous close.

Indian benchmark equity indices, Sensex and Nifty50, opened marginally higher on Wednesday for the fourth straight session, driven by gains in heavyweight stocks like HDFC Bank, ITC, and L&T, ahead of the interest rate decision by the Reserve Bank of India later this week.

The PSU bank index was the brightest spark with gains of 2 percent, extending rally from Tuesday during which the index rallied 2.5 percent.

Benchmark indices Sensex and Nifty climbed in early trade on Wednesday helped by buying in HDFC Bank, IT stocks and fresh foreign fund inflows. Rallying for the fourth day running, the BSE benchmark Sensex climbed 190.

The S P BSE Sensex gained 110.58 points to close at 80,956.33, while the NSE Nifty50 added 10.30 points to end at 24,467.45.

BSE Sensex continued its upward trend for the fourth consecutive day, gaining 110 points on Wednesday, supported by positive movem

The trends on Gift Nifty also indicate a flat start for the Indian benchmark index. The Gift Nifty was trading around 24,540 level, a discount of nearly 7 points from the Nifty futures’ previous close.