Sensex Today | Stock Market LIVE Updates: GIFT Nifty hints at weak start as oil spikes; BSE in focus after expiry tweak

GIFT Nifty is trading lower, signaling a weak opening for Indian markets amid rising global uncertainty.

Global sentiment has worsened mid-week. After Monday’s strong start, Nifty gave up some gains on Tuesday but held key support levels. However, with oil prices rebounding to $78 per barrel following reports of former US President Donald Trump weighing an attack on Iran, market sentiment has turned cautious.

Wall Street’s recovery attempt was also dented by these geopolitical tensions and weak macroeconomic data. Investors now await the US Fed’s policy decision tonight, with Fed Chair Jerome Powell’s comments on rate cuts and inflation risks from oil being key.

Back home, Vedanta is in the spotlight as it plans to sell a stake in Hindustan Zinc and will consider a dividend today. BSE shares may also see action after SEBI reassigned weekly expiry days—Tuesday for NSE and Thursday for BSE.