Sensex and Nifty Expected to Open Negative as Gift Nifty Signals Muted Start

Indian stock markets are projected to open on a negative note on Wednesday following a muted start indicated by Gift Nifty trading down around the 23,337 level.

In the previous trading session on September 22, the Nifty 50 declined 0.36% to close at 23,329 while the Sensex dropped 0.27% to settle at 74,653 amid broad selling pressure.

Market analysts noted that 75,000 remains a strong resistance zone for the Sensex, while technical indicators point to persistent weak momentum and a range-bound outlook.