The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 23,028 level, a premium of nearly 50 points from the Nifty futures’ previous close.

US stocks ended higher on Tuesday, with Nvidia and other artificial intelligence-linked technology shares recovering from sharp losses the previous day as investors snapped up bargains. The Dow Jones Industrial Average rose 136.

LIVE: Markets in Indian are poised to open higher today on the back of improving global cues ahead of major global and domestic macroeconomic events during the week

Support for the benchmark Nifty-50 index is placed at 22786, while immediate resistance is seen at 23137 followed by 23347, said experts

The 30-share BSE Sensex declined 824.29 points, or 1.08 per cent, to 75,366.17. The broader Nifty 50 tanked 263.05 points, or 1.14 per cent, to close at 22,829.15.

Highlights: Banking stocks stole the show in the sectoral markets, with Nifty Bank, PSB, and private bank indices each ending higher by over 1 per cent

Indian stock market is expected to see a positive opening on Tuesday, January 28, as indicated by Gift Nifty. However, the market may witness volatility amid weak global cues as the focus shifts to the US Fed policy outcome on Wednesday.

BSE Sensex was trading 368.91 points or 0.49 per cent higher at 75,735.08. Nifty was trading at 22,923.60, down 94.45 points or 0.41 per cent. The gains were led by banking names.

On Monday, Nvidia suffered a loss of $589 billion, the largest in histore, driven by the rise of China's AI app DeepSeek on Apple's app store.

The trends on Gift Nifty indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 22,915 level, a premium of nearly 68 points from the Nifty futures’ previous close.