Indian shares are likely to open little changed on Wednesday, as geopolitical tensions and tariff worries temper optimism around earnings growth, while keeping benchmark indexes close to record highs.
The Gift Nifty futures were trading at 26,209 points as of 7:51 a.m. IST, indicating that the Nifty 50 would open near Tuesday’s close of 26,178.70.
The 50-stock index is 0.7 per cent below its record high, while the BSE Sensex is 1.3 per cent off its lifetime peak.
The benchmarks have fallen for two consecutive sessions in a pullback from near record levels, partly driven by fresh tariff threats from US President Donald Trump over India’s Russian oil purchases.
