The trends on Gift Nifty also indicate a muted start for the Indian benchmark index. The Gift Nifty was trading around 24,688 level, a discount of nearly 20 points from the Nifty futures’ previous close.

Even as the market has priced in a status quo, experts say that if the RBI delivers a surprise rate cut tomorrow, the market will react positively.

Gift Nifty has indicated a negative start of the Indian stock market on Wednesday, August 6. The weaker sentiment prevailing across the stock market follows the US President's fresh remark on India. Donald Trump,