The Indian stock market is expected to open lower on Wednesday, following weak cues from global markets. However, on Tuesday, the Indian stock market indices closed with decent gains, snapping their four-day losing streak. The Sensex rose 317.45 points, or 0.39%, to close at 82,570.91, while the Nifty 50 settled 113.50 points, or 0.45%, higher at 25,195.80.

Here are some key factors influencing the market:

1. Gift Nifty:

• Gift Nifty was trading around 25,174, a discount of nearly 91 points from the Nifty futures' previous close, indicating a potentially negative start for Indian stock market indices.
• Gift Nifty was trading near 24,960, around 124 points higher than the previous Nifty futures close, hinting at a positive start for Indian markets.
• Gift Nifty was trading near 24,909, around 62 points higher than the previous Nifty futures close, hinting at a positive start for Indian markets.
• Meanwhile, Gift Nifty was trading around 24928 level, a premium of nearly 36 points from the Nifty futures' previous close, indicating a positive start for the Indian stock market indices.

2. US Inflation Data: Asian markets traded lower after US inflation data made investors less hopeful about interest rate cuts by the Federal Reserve. Investors will also be tracking inflation data from the US and India this week.

3. Nasdaq at Record High: The US stock market ended mixed on Tuesday, with the Nasdaq Composite closing at a record high. The Nasdaq Composite was trading higher by 218.10 points (1.02%), finishing at 21,497.73. The Nasdaq Composite was trading lower by 7.31 points (0.03%), finishing at 21,700.39. The Dow Jones Industrial Average fell 436.36 points, or 0.98%, to 44,023.29, while the S&P 500 declined 24.80 points, or 0.40%, to 6,243.76.

4. Asian Markets: Asian markets traded lower following weak global market cues. Japan's Nikkei 225 fell 0.2%, while the Topix declined 0.11%. South Korea's Kospi declined 0.8% and the Kosdaq dropped 0.56% lower. Hong Kong's Hang Seng index futures indicated a stronger opening. Asian markets advanced on Thursday, tracking an overnight tech rally on Wall Street that lifted the S&P 500 and Nasdaq Composite, even as broader economic concerns continued to weigh on equities. Asian markets traded mostly higher, while the US stock market closed lower last week after weak jobs data.

5. India-US Trade Deal: All eyes are on the India-US trade deal as a dedicated team from India's Commerce Ministry has reached Washington for negotiations.

6. FII and DII Activity: Institutional participation has been softish, with DIIs (Domestic Institutional Investors) buying and FIIs (Foreign Institutional Investors) selling.

7. Key Levels to Watch on Nifty: Resistance is expected around 24,900 to 25,000, while support is at 24,600. A breakout above 24,980-25,000 would confirm further upside potential.

8. Crude Oil Prices: Crude oil prices climbed after OPEC agreed to increase output further, but at a slower pace starting in October. Brent crude gained by 0.5% to $65.83/barrel; US West Texas Intermediate (WTI) crude was trading 0.48% higher at $62.17/barrel.

9. Gold Prices: Gold prices stayed firm near their all-time high, edging closer to the $3,600 mark. Spot gold was trading up by 0.1% at $3,588.48/oz; US gold futures were trading 0.7% lower at $3,628.50.

10. Other factors: Investors will be closely monitoring developments on Trump tariffs, foreign fund flows, movements in gold and silver prices, and overall domestic and global macroeconomic and geopolitical factors.