Nifty 50, Sensex today: What to expect from Indian stock market in trade on April 3

The Indian stock market indices, Sensex and Nifty 50, are expected to open lower on Wednesday following weak global market cues..

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index..

The Gift Nifty was trading around 22,455 level, a discount of nearly 122 points from the Nifty futures previous close..

Though Nifty placed at the crucial overhead resistance around 22,500 levels, still there is no confirmation of any reversal pattern unfolding at the highs," said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities..

With downside support at 47,000 and upside resistance at 48,000, a breakout in either direction could trigger significant market moves," said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities..