As long as the Nifty 50 holds above the 24,350 zone, the upward trend, barring intermittent consolidation, remains intact, with the first target at 24,550, followed by the key target zone of 24,700-24,

Indian benchmark equity indices, Sensex and Nifty50, opened marginally higher on Wednesday for the fourth straight session, driven by gains in heavyweight stocks like HDFC Bank, ITC, and L&T, ahead of the interest rate decision by the Reserve Bank of India later this week.

The trends on Gift Nifty also indicate a flat start for the Indian benchmark index. The Gift Nifty was trading around 24,540 level, a discount of nearly 7 points from the Nifty futures’ previous close.