The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,187 level, a premium of nearly 35 points from the Nifty futures’ previous close.

The benchmark Sensex and the Nifty declined for the sixth consecutive session on Wednesday, with global trade war concerns continuing to weigh on sentiment. The indices, however, rebounded by over a per cent from the day’s lows, supported by positive global cues.

Indian benchmark indices, Sensex and Nifty, opened lower for the sixth straight session on Wednesday, pressured by Reliance Industries, ITC, and M&M amid concerns over U.S. tariffs and the earnings outlook.