Indian benchmark indices are set for a subdued opening on Wednesday, with the Gift Nifty indicating a flat start for the Nifty 50 and Sensex.
The pre-market indicator is trading around the 23,868 level, suggesting that investors are adopting a wait-and-see approach ahead of the trading session.
The cautious positioning reflects mixed global cues, primarily driven by a sharp selloff in global technology and semiconductor stocks.
Despite the weakness in tech, some regional markets showed resilience, with South Korea's Kospi rebounding on the back of rising oil prices.
This divergence highlights the complex interplay between growth-sensitive sectors and energy-driven equities in the current market environment.
Investor sentiment remains fragile as markets assess the potential impact of upcoming US-Iran negotiations.