The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,438 level, a premium of nearly 20 points from the Nifty futures’ previous close.

The Indian stock markets ended higher for the fourth trading session, as the investor’s sentiment is driven by the optimism from the upcoming Union Budget 2025-26. At the end of the trading, the Nifty 50 was up 258.

Highlighting the strong correlation of Indian stock markets with movements in the US markets, the Economic Survey 2024-25 called for the need for “heightened vigilance” as any correction in the Wall Street could have profound ripple effects on the domestic market.

The domestic benchmark indices opened higher on Wednesday for second day in a row, as investors are now looking forward to positive cues in the upcoming Union Budget 2025-26.

Historically, the Nifty 50 index has shown a strong correlation with the S&P 500, particularly during periods of significant US market corrections. If such a correction occurs, it could cascade into Indian markets,

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,028 level, a premium of nearly 50 points from the Nifty futures’ previous close.

The Economic Survey 2024-25 cautions equity market investors due to a strong correlation between the US and Indian stock markets.